%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 739.1 m 562 739.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 735.1 m 562 735.1 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 16.00 Tf ET q 0 0 0 rg BT 243.35 713.40 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 327.97 713.40 Td (A) Tj ET Q q 0 0 0 rg BT 338.33 713.40 Td (TES) Tj ET Q BT /F2 16.00 Tf ET q 0 0 0 rg BT 134.15 694.20 Td (SECURITIES ) Tj ET Q q 0 0 0 rg BT 234.20 694.20 Td (AND EXCHANGE COMMISSION) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 244.15 679.80 Td (W) Tj ET Q q 0 0 0 rg BT 255.49 679.80 Td (ashington, D.C. 20549) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 669.3 m 391 669.3 l s BT /F1 10.00 Tf ET BT /F2 16.00 Tf ET q 0 0 0 rg BT 268.00 641.60 Td (Form 10-K) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 631.1 m 391 631.1 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 610.60 Td (\(Mark One\)) Tj ET Q /GS0 gs q 12.72 0 0 11.71 51.50 582.89 cm /I1 Do Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.50 586.22 Td (ANNUAL REPORT PURSUANT TO SECTION 13 OR 15\(d\) OF THE SECURITIES) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.50 574.22 Td (EXCHANGE ACT OF 1934) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.45 552.60 Td (For) Tj ET Q q 0 0 0 rg BT 225.82 552.60 Td ( the fiscal year) Tj ET Q q 0 0 0 rg BT 287.56 552.60 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.12 552.60 Td (September) Tj ET Q q 0 0 0 rg BT 364.04 552.60 Td (30, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.54 552.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.50 535.60 Td (OR) Tj ET Q /GS0 gs q 10.69 0 0 11.71 52.65 505.89 cm /I2 Do Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.50 509.22 Td (TRANSITION REPORT PURSUANT TO SECTION 13 OR 15\(d\) OF THE SECURITIES) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.50 497.22 Td (EXCHANGE ACT OF 1934) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.80 475.60 Td (For) Tj ET Q q 0 0 0 rg BT 225.17 475.60 Td ( the transition period fr) Tj ET Q q 0 0 0 rg BT 325.53 475.60 Td (om to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.90 458.60 Td (Commission file number: 001-36227) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 448.1 m 437 448.1 l s BT /F1 10.00 Tf ET BT /F2 22.00 Tf ET q 0 0 0 rg BT 146.95 415.20 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 252.49 415.20 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 408.11 415.20 Td ( LIFE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.55 401.20 Td (\(Exact name of r) Tj ET Q q 0 0 0 rg BT 266.74 401.20 Td (egistrant as specified in its charter\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 390.7 m 437 390.7 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.30 362.03 Td (Delaware) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.80 362.03 Td (46-3489149) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.65 349.38 Td (\(State or) Tj ET Q q 0 0 0 rg BT 156.05 349.38 Td ( other) Tj ET Q q 0 0 0 rg BT 176.12 349.38 Td ( jurisdiction of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 124.35 341.38 Td (incorporation or) Tj ET Q q 0 0 0 rg BT 180.87 341.38 Td ( organization\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.15 349.38 Td (\(I.R.S. Employer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.65 341.38 Td (Identification No.\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.60 327.03 Td (Two Ruan Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.60 317.03 Td (601 Locust Street, 14th Floor) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.85 307.03 Td (Des Moines, Iowa) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.50 327.03 Td (50309) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 110.35 293.38 Td (\(Address of principal executive offices\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.40 293.38 Td (\(Zip Code\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.75 264.80 Td (\(800\) 445-6758) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.70 252.20 Td (\(Registrant) Tj ET Q q 0 0 0 rg BT 256.72 252.20 Td (s telephone number) Tj ET Q q 0 0 0 rg BT 323.10 252.20 Td (, including ar) Tj ET Q q 0 0 0 rg BT 368.52 252.20 Td (ea code\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 241.70000000000005 m 437 241.70000000000005 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.95 220.20 Td (Securities r) Tj ET Q q 0 0 0 rg BT 232.36 220.20 Td (egister) Tj ET Q q 0 0 0 rg BT 260.50 220.20 Td (ed pursuant to Section12\(b\) of the ) Tj ET Q q 0 0 0 rg BT 409.67 220.20 Td (Act: ) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 49.50 213.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 146.60 194.58 Td (Title of each class:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.50 194.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.35 194.58 Td (Nameofeachexchangeonwhichregistered:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.15 181.18 Td (Common stock, par value $.01 per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.50 181.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 181.18 Td (New York StockExchange) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.85 159.00 Td (Securities r) Tj ET Q q 0 0 0 rg BT 220.26 159.00 Td (egister) Tj ET Q q 0 0 0 rg BT 248.40 159.00 Td (ed pursuant to Section12\(g\) of the ) Tj ET Q q 0 0 0 rg BT 397.01 159.00 Td (Act: None ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 139.80 Td (Indicate by check mark if the registrant is a well-known seasoned issuer) Tj ET Q q 0 0 0 rg BT 315.55 139.80 Td (, as defined in Rule405 of the Securities ) Tj ET Q q 0 0 0 rg BT 447.07 139.80 Td (Act. ) Tj ET Q q 0 0 0 rg BT 468.33 139.80 Td (Y) Tj ET Q q 0 0 0 rg BT 473.30 139.80 Td (es) Tj ET Q /GS0 gs q 7.13 0 0 8.27 483.97 138.07 cm /I3 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.10 139.80 Td (orNo ) Tj ET Q /GS0 gs q 8.48 0 0 8.27 525.54 138.07 cm /I4 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 130.20 Td (Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15\(d\) of the ) Tj ET Q q 0 0 0 rg BT 454.29 130.20 Td (Act. ) Tj ET Q q 0 0 0 rg BT 475.54 130.20 Td (Y) Tj ET Q q 0 0 0 rg BT 480.52 130.20 Td (es) Tj ET Q /GS0 gs q 7.13 0 0 8.27 491.18 128.47 cm /I5 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.31 130.20 Td (orNo ) Tj ET Q /GS0 gs q 8.48 0 0 8.27 532.75 128.47 cm /I6 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.23 130.20 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 115.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 115.60 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 112.91 115.60 Td (by ) Tj ET Q q 0 0 0 rg BT 122.55 115.60 Td (check ) Tj ET Q q 0 0 0 rg BT 142.84 115.60 Td (mark ) Tj ET Q q 0 0 0 rg BT 160.93 115.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 188.33 115.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.75 115.60 Td (registrant ) Tj ET Q q 0 0 0 rg BT 231.61 115.60 Td (\(1\)has ) Tj ET Q q 0 0 0 rg BT 255.24 115.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 271.55 115.60 Td (all ) Tj ET Q q 0 0 0 rg BT 281.19 115.60 Td (reports ) Tj ET Q q 0 0 0 rg BT 305.04 115.60 Td (required ) Tj ET Q q 0 0 0 rg BT 333.34 115.60 Td (to ) Tj ET Q q 0 0 0 rg BT 341.21 115.60 Td (be ) Tj ET Q q 0 0 0 rg BT 350.40 115.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 366.70 115.60 Td (by ) Tj ET Q q 0 0 0 rg BT 376.35 115.60 Td (Section13 ) Tj ET Q q 0 0 0 rg BT 411.99 115.60 Td (or ) Tj ET Q q 0 0 0 rg BT 420.29 115.60 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 439.27 115.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.57 115.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.99 115.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 492.18 115.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 525.00 115.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 538.20 115.60 Td (of ) Tj ET Q q 0 0 0 rg BT 546.50 115.60 Td (1934 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 106.00 Td (during ) Tj ET Q q 0 0 0 rg BT 72.39 106.00 Td (the ) Tj ET Q q 0 0 0 rg BT 84.16 106.00 Td (preceding ) Tj ET Q q 0 0 0 rg BT 117.70 106.00 Td (12 ) Tj ET Q q 0 0 0 rg BT 127.70 106.00 Td (months, ) Tj ET Q q 0 0 0 rg BT 155.26 106.00 Td (and ) Tj ET Q q 0 0 0 rg BT 168.81 106.00 Td (\(2\)has ) Tj ET Q q 0 0 0 rg BT 192.80 106.00 Td (been ) Tj ET Q q 0 0 0 rg BT 209.90 106.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 234.56 106.00 Td (to ) Tj ET Q q 0 0 0 rg BT 242.79 106.00 Td (such ) Tj ET Q q 0 0 0 rg BT 259.45 106.00 Td (filing ) Tj ET Q q 0 0 0 rg BT 278.78 106.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 322.54 106.00 Td (for ) Tj ET Q q 0 0 0 rg BT 333.87 106.00 Td (the ) Tj ET Q q 0 0 0 rg BT 345.64 106.00 Td (past ) Tj ET Q q 0 0 0 rg BT 360.53 106.00 Td (90 ) Tj ET Q q 0 0 0 rg BT 370.53 106.00 Td (days. ) Tj ET Q q 0 0 0 rg BT 389.20 106.00 Td ( ) Tj ET Q q 0 0 0 rg BT 391.20 106.00 Td ( ) Tj ET Q q 0 0 0 rg BT 393.20 106.00 Td ( ) Tj ET Q q 0 0 0 rg BT 394.90 106.00 Td (Y) Tj ET Q q 0 0 0 rg BT 399.88 106.00 Td (es) Tj ET Q /GS0 gs q 8.48 0 0 8.27 408.54 104.27 cm /I7 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.02 106.00 Td (orNo ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 451.46 104.27 cm /I8 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.59 106.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 91.40 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 91.40 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 113.70 91.40 Td (by ) Tj ET Q q 0 0 0 rg BT 124.14 91.40 Td (check ) Tj ET Q q 0 0 0 rg BT 145.23 91.40 Td (mark ) Tj ET Q q 0 0 0 rg BT 164.10 91.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 192.30 91.40 Td (the ) Tj ET Q q 0 0 0 rg BT 204.52 91.40 Td (registrant ) Tj ET Q q 0 0 0 rg BT 237.16 91.40 Td (has ) Tj ET Q q 0 0 0 rg BT 250.27 91.40 Td (submitted ) Tj ET Q q 0 0 0 rg BT 284.26 91.40 Td (electronically ) Tj ET Q q 0 0 0 rg BT 330.23 91.40 Td (and ) Tj ET Q q 0 0 0 rg BT 344.21 91.40 Td (posted ) Tj ET Q q 0 0 0 rg BT 367.54 91.40 Td (on ) Tj ET Q q 0 0 0 rg BT 377.98 91.40 Td (its ) Tj ET Q q 0 0 0 rg BT 387.97 91.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 420.44 91.40 Td (W) Tj ET Q q 0 0 0 rg BT 427.35 91.40 Td (eb ) Tj ET Q q 0 0 0 rg BT 437.34 91.40 Td (site, ) Tj ET Q q 0 0 0 rg BT 452.88 91.40 Td (if ) Tj ET Q q 0 0 0 rg BT 460.21 91.40 Td (any) Tj ET Q q 0 0 0 rg BT 471.24 91.40 Td (, ) Tj ET Q q 0 0 0 rg BT 475.68 91.40 Td (every ) Tj ET Q q 0 0 0 rg BT 495.88 91.40 Td (Interactive ) Tj ET Q q 0 0 0 rg BT 532.52 91.40 Td (Data ) Tj ET Q q 0 0 0 rg BT 550.05 91.40 Td (File ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 80.60 Td (required ) Tj ET Q q 0 0 0 rg BT 78.71 80.60 Td (to ) Tj ET Q q 0 0 0 rg BT 87.48 80.60 Td (be ) Tj ET Q q 0 0 0 rg BT 97.59 80.60 Td (submitted ) Tj ET Q q 0 0 0 rg BT 131.70 80.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.80 80.60 Td (posted ) Tj ET Q q 0 0 0 rg BT 169.25 80.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 199.35 80.60 Td (to ) Tj ET Q q 0 0 0 rg BT 208.13 80.60 Td (Rule ) Tj ET Q q 0 0 0 rg BT 225.79 80.60 Td (405 ) Tj ET Q q 0 0 0 rg BT 240.35 80.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.57 80.60 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 287.23 80.60 Td (S-T) Tj ET Q q 0 0 0 rg BT 299.08 80.60 Td ( ) Tj ET Q q 0 0 0 rg BT 301.64 80.60 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.30 80.60 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.67 80.60 Td (232.405\) ) Tj ET Q q 0 0 0 rg BT 342.89 80.60 Td (during ) Tj ET Q q 0 0 0 rg BT 366.33 80.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.66 80.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 412.76 80.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 423.31 80.60 Td (months ) Tj ET Q q 0 0 0 rg BT 449.42 80.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 461.31 80.60 Td (for ) Tj ET Q q 0 0 0 rg BT 473.19 80.60 Td (such ) Tj ET Q q 0 0 0 rg BT 490.41 80.60 Td (shorter ) Tj ET Q q 0 0 0 rg BT 515.18 80.60 Td (period ) Tj ET Q q 0 0 0 rg BT 538.17 80.60 Td (that ) Tj ET Q q 0 0 0 rg BT 552.72 80.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 71.00 Td (registrant ) Tj ET Q q 0 0 0 rg BT 81.71 71.00 Td (was ) Tj ET Q q 0 0 0 rg BT 96.15 71.00 Td (required ) Tj ET Q q 0 0 0 rg BT 124.80 71.00 Td (to ) Tj ET Q q 0 0 0 rg BT 133.03 71.00 Td (submit ) Tj ET Q q 0 0 0 rg BT 156.81 71.00 Td (and ) Tj ET Q q 0 0 0 rg BT 170.36 71.00 Td (post ) Tj ET Q q 0 0 0 rg BT 185.70 71.00 Td (such ) Tj ET Q q 0 0 0 rg BT 202.36 71.00 Td (files\). ) Tj ET Q q 0 0 0 rg BT 230.50 71.00 Td (Y) Tj ET Q q 0 0 0 rg BT 235.48 71.00 Td (es) Tj ET Q /GS0 gs q 8.48 0 0 8.27 244.14 69.27 cm /I9 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.62 71.00 Td (orNo ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 287.06 69.27 cm /I10 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.19 71.00 Td ( ) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 736.30 Td (Indicate by check mark if disclosure of delinquent filers pursuant to Item405 of RegulationS-K \() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.30 736.30 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.05 736.30 Td (229.405\) is not contained herein, and will not be ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 726.70 Td (contained, to the best of registrant) Tj ET Q q 0 0 0 rg BT 160.58 726.70 Td (s knowledge, in definitive proxy or information statements incorporated by reference in PartIII of this Form10-K or any ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 717.10 Td (amendment to this Form10-K. ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 156.38 715.37 cm /I11 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 163.51 717.10 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 705.50 Td (Indicate by check mark whether the registrant is a lar) Tj ET Q q 0 0 0 rg BT 255.28 705.50 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 315.80 705.50 Td (, an accelerated filer) Tj ET Q q 0 0 0 rg BT 380.32 705.50 Td (, a non-accelerated filer) Tj ET Q q 0 0 0 rg BT 455.50 705.50 Td (, or a smaller reporting company) Tj ET Q q 0 0 0 rg BT 559.39 705.50 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 695.90 Td (See the definitions of "lar) Tj ET Q q 0 0 0 rg BT 131.27 695.90 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 191.79 695.90 Td (," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 466.68 695.90 Td (Act. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 672.65 Td (LargeAcceleratedFiler) Tj ET Q /GS0 gs q 7.13 0 0 7.81 194.00 670.94 cm /I12 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 672.65 Td (AcceleratedFiler) Tj ET Q /GS0 gs q 8.48 0 0 8.81 356.00 670.94 cm /I13 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 672.65 Td (Non-accelerated Filer) Tj ET Q /GS0 gs q 7.13 0 0 7.81 475.00 670.94 cm /I14 Do Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 654.30 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 77.26 654.30 Td (by ) Tj ET Q q 0 0 0 rg BT 87.26 654.30 Td (check ) Tj ET Q q 0 0 0 rg BT 107.91 654.30 Td (mark ) Tj ET Q q 0 0 0 rg BT 126.35 654.30 Td (whether ) Tj ET Q q 0 0 0 rg BT 154.12 654.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.89 654.30 Td (registrant ) Tj ET Q q 0 0 0 rg BT 198.10 654.30 Td (is ) Tj ET Q q 0 0 0 rg BT 205.44 654.30 Td (a ) Tj ET Q q 0 0 0 rg BT 210.99 654.30 Td (shell ) Tj ET Q q 0 0 0 rg BT 228.10 654.30 Td (company ) Tj ET Q q 0 0 0 rg BT 259.42 654.30 Td (\(as ) Tj ET Q q 0 0 0 rg BT 270.75 654.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 296.74 654.30 Td (in ) Tj ET Q q 0 0 0 rg BT 304.96 654.30 Td (Rule ) Tj ET Q q 0 0 0 rg BT 322.07 654.30 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 342.73 654.30 Td (of ) Tj ET Q q 0 0 0 rg BT 351.40 654.30 Td (the ) Tj ET Q q 0 0 0 rg BT 363.17 654.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 396.27 654.30 Td (Act\). ) Tj ET Q q 0 0 0 rg BT 414.48 654.30 Td ( ) Tj ET Q q 0 0 0 rg BT 416.48 654.30 Td ( ) Tj ET Q q 0 0 0 rg BT 418.48 654.30 Td ( ) Tj ET Q q 0 0 0 rg BT 420.19 654.30 Td (Y) Tj ET Q q 0 0 0 rg BT 425.16 654.30 Td (es) Tj ET Q /GS0 gs q 7.13 0 0 8.27 435.83 652.57 cm /I15 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.96 654.30 Td (orNo ) Tj ET Q q 0 0 0 rg BT 475.40 654.30 Td () Tj ET Q /GS0 gs q 8.48 0 0 8.27 477.40 652.57 cm /I16 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 644.70 Td (As of March 31, 2016, the aggregate market value of the registrant) Tj ET Q q 0 0 0 rg BT 301.20 644.70 Td (s common stock held by non-af) Tj ET Q q 0 0 0 rg BT 401.71 644.70 Td (filiates was approximately ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.13 644.70 Td ($293) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.13 644.70 Td ( \(based on the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (closing sale price of the registrant) Tj ET Q q 0 0 0 rg BT 159.91 635.10 Td (s common stock as reported on the NYSE ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.88 635.10 Td ($26.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.88 635.10 Td (\). ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 611.90 Td (The number of shares of common stock outstanding as of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.24 611.90 Td (November16, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.00 611.90 Td ( was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.45 611.90 Td (58,954,049) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.45 611.90 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 214.30 598.30 Td (DOCUMENTS INCORPORA) Tj ET Q q 0 0 0 rg BT 317.04 598.30 Td (TED BY) Tj ET Q q 0 0 0 rg BT 346.31 598.30 Td ( REFERENCE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 584.70 Td (Certain ) Tj ET Q q 0 0 0 rg BT 111.35 584.70 Td (information ) Tj ET Q q 0 0 0 rg BT 151.41 584.70 Td (required ) Tj ET Q q 0 0 0 rg BT 180.37 584.70 Td (by ) Tj ET Q q 0 0 0 rg BT 190.66 584.70 Td (Part ) Tj ET Q q 0 0 0 rg BT 205.85 584.70 Td (III ) Tj ET Q q 0 0 0 rg BT 216.14 584.70 Td (of ) Tj ET Q q 0 0 0 rg BT 225.10 584.70 Td (this ) Tj ET Q q 0 0 0 rg BT 238.96 584.70 Td (document ) Tj ET Q q 0 0 0 rg BT 272.81 584.70 Td (is ) Tj ET Q q 0 0 0 rg BT 280.44 584.70 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 323.17 584.70 Td (by ) Tj ET Q q 0 0 0 rg BT 333.46 584.70 Td (reference ) Tj ET Q q 0 0 0 rg BT 365.51 584.70 Td (herein ) Tj ET Q q 0 0 0 rg BT 387.80 584.70 Td (to ) Tj ET Q q 0 0 0 rg BT 396.32 584.70 Td (specific ) Tj ET Q q 0 0 0 rg BT 423.49 584.70 Td (portions ) Tj ET Q q 0 0 0 rg BT 452.01 584.70 Td (of ) Tj ET Q q 0 0 0 rg BT 460.98 584.70 Td (the ) Tj ET Q q 0 0 0 rg BT 473.05 584.70 Td (registrant) Tj ET Q q 0 0 0 rg BT 505.48 584.70 Td (s ) Tj ET Q q 0 0 0 rg BT 510.89 584.70 Td (definitive ) Tj ET Q q 0 0 0 rg BT 543.85 584.70 Td (proxy ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 82.16 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.38 575.10 Td (be ) Tj ET Q q 0 0 0 rg BT 99.93 575.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 131.69 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.91 575.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 182.35 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.57 575.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 227.67 575.10 Td (with ) Tj ET Q q 0 0 0 rg BT 243.89 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.67 575.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 273.23 575.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 298.78 575.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 327.44 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.10 575.10 Td (Stockholders.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 564.6 m 563 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 560.6 m 563 560.6 l s BT /F1 10.00 Tf ET endstream endobj 7 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.70 740.25 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 281.67 740.25 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 352.41 740.25 Td ( LIFE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.95 723.25 Td (ANNUAL) Tj ET Q q 0 0 0 rg BT 268.18 723.25 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 305.32 723.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.81 723.25 Td ( ON FORM 10-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.65 706.25 Td (T) Tj ET Q q 0 0 0 rg BT 258.58 706.25 Td (ABLE OF) Tj ET Q q 0 0 0 rg BT 301.82 706.25 Td ( CONTENTS ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 695.45 Td () Tj ET Q 1 1 1 rg /GS0 gs 101.50 655.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 640.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 625.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 610.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 595.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 580.95 52.00 -8.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 580.95 419.00 -8.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 572.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 557.95 419.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 532.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 517.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 502.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 502.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 487.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 487.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 472.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 472.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 457.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 457.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 442.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 442.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 427.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 427.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 412.95 419.00 -20.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 392.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 377.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 362.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 347.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 332.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 317.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 302.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 287.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 272.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 257.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 242.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 227.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 212.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 197.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 197.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 182.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 182.95 419.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 167.95 52.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 101.50 167.95 419.00 -15.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.25 674.18 Td (Page) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.30 660.63 Td (PART I) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 644.2833984375001 m 80.3251953125 644.2833984375001 l s q 0 0 1 rg BT 52.00 645.62 Td (Item 1.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 644.2833984375001 m 139.5615234375 644.2833984375001 l s q 0 0 1 rg BT 104.00 645.62 Td (Business) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 645.52 Td (......................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 629.2833984375001 m 87.546875 629.2833984375001 l s q 0 0 1 rg BT 52.00 630.62 Td (Item 1A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 629.2833984375001 m 154.2783203125 629.2833984375001 l s q 0 0 1 rg BT 104.00 630.62 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 630.52 Td (.................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 614.2833984375001 m 80.3251953125 614.2833984375001 l s q 0 0 1 rg BT 52.00 615.62 Td (Item 2.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 614.2833984375001 m 144.546875 614.2833984375001 l s q 0 0 1 rg BT 104.00 615.62 Td (Properties) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 615.52 Td (....................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 599.2833984375001 m 80.3251953125 599.2833984375001 l s q 0 0 1 rg BT 52.00 600.62 Td (Item 3.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 599.2833984375001 m 178.140625 599.2833984375001 l s q 0 0 1 rg BT 104.00 600.62 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 600.52 Td (.......................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 584.2833984375001 m 80.3251953125 584.2833984375001 l s q 0 0 1 rg BT 52.00 585.62 Td (Item 4.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 584.2833984375001 m 202.3154296875 584.2833984375001 l s q 0 0 1 rg BT 104.00 585.62 Td (Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 585.52 Td (.............................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.35 562.63 Td (PART II) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 536.2833984375001 m 80.3251953125 536.2833984375001 l s q 0 0 1 rg BT 52.00 537.62 Td (Item 5.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 546.2833984375001 m 513.2724609375 546.2833984375001 l s q 0 0 1 rg BT 104.00 547.62 Td (Market for Registrant) Tj ET Q q 0 0 1 rg BT 193.42 547.62 Td (s Common Equity) Tj ET Q q 0 0 1 rg BT 265.55 547.62 Td (, Related Stockholder Matters and Issuer Purchases of Equity ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 536.2833984375001 m 143.43359375 536.2833984375001 l s q 0 0 1 rg BT 104.00 537.62 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 537.52 Td (.....................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 521.2833984375001 m 80.3251953125 521.2833984375001 l s q 0 0 1 rg BT 52.00 522.62 Td (Item 6.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 521.2833984375001 m 198.9609375 521.2833984375001 l s q 0 0 1 rg BT 104.00 522.62 Td (Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 522.52 Td (...............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 506.28339843750007 m 80.3251953125 506.28339843750007 l s q 0 0 1 rg BT 52.00 507.62 Td (Item 7.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 506.28339843750007 m 462.291015625 506.28339843750007 l s q 0 0 1 rg BT 104.00 507.62 Td (Management) Tj ET Q q 0 0 1 rg BT 158.98 507.62 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 228.15 507.62 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 507.52 Td (.....................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 491.28339843750007 m 153.43359375 491.28339843750007 l s q 0 0 1 rg BT 104.00 492.62 Td (Introduction) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 492.52 Td (.................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 476.28339843750007 m 275.0791015625 476.28339843750007 l s q 0 0 1 rg BT 104.00 477.62 Td (Critical ) Tj ET Q q 0 0 1 rg BT 135.94 477.62 Td (Accounting Policies and Estimates) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 477.52 Td (................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 461.28339843750007 m 190.6552734375 461.28339843750007 l s q 0 0 1 rg BT 104.00 462.62 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 462.52 Td (..................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 446.28339843750007 m 186.490234375 446.28339843750007 l s q 0 0 1 rg BT 104.00 447.62 Td (Investment Portfolio) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.00 447.52 Td (....................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 431.28339843750007 m 233.140625 431.28339843750007 l s q 0 0 1 rg BT 104.00 432.62 Td (Liquidity and Capital Resources) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.50 432.52 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 416.28339843750007 m 249.5224609375 416.28339843750007 l s q 0 0 1 rg BT 104.00 417.62 Td (Recent ) Tj ET Q q 0 0 1 rg BT 133.71 417.62 Td (Accounting Pronouncements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.00 417.52 Td (..........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 396.28339843750007 m 87.546875 396.28339843750007 l s q 0 0 1 rg BT 52.00 397.62 Td (Item 7A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 396.28339843750007 m 343.3896484375 396.28339843750007 l s q 0 0 1 rg BT 104.00 397.62 Td (Quantitative and Qualitative Disclosures about Market Risk) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 397.52 Td (.....................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 381.28339843750007 m 80.3251953125 381.28339843750007 l s q 0 0 1 rg BT 52.00 382.62 Td (Item 8.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 381.28339843750007 m 288.951171875 381.28339843750007 l s q 0 0 1 rg BT 104.00 382.62 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 382.52 Td (...........................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 366.28339843750007 m 80.3251953125 366.28339843750007 l s q 0 0 1 rg BT 52.00 367.62 Td (Item 9.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 366.28339843750007 m 462.8134765625 366.28339843750007 l s q 0 0 1 rg BT 104.00 367.62 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 249.81 367.62 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 314.24 367.62 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 367.52 Td (.....................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 351.28339843750007 m 87.546875 351.28339843750007 l s q 0 0 1 rg BT 52.00 352.62 Td (Item 9A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 351.28339843750007 m 202.3154296875 351.28339843750007 l s q 0 0 1 rg BT 104.00 352.62 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 352.52 Td (.............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 336.28339843750007 m 86.9951171875 336.28339843750007 l s q 0 0 1 rg BT 52.00 337.62 Td (Item 9B.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 336.28339843750007 m 177.0322265625 336.28339843750007 l s q 0 0 1 rg BT 104.00 337.62 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 337.52 Td (.......................................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.40 307.63 Td (PART III) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 291.28339843750007 m 85.3251953125 291.28339843750007 l s q 0 0 1 rg BT 52.00 292.62 Td (Item 10.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 291.28339843750007 m 331.4951171875 291.28339843750007 l s q 0 0 1 rg BT 104.00 292.62 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 199.06 292.62 Td (ficers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 292.52 Td (..........................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 276.28339843750007 m 84.9541015625 276.28339843750007 l s q 0 0 1 rg BT 52.00 277.62 Td (Item 1) Tj ET Q q 0 0 1 rg BT 77.45 277.62 Td (1.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 276.28339843750007 m 204.25390625 276.28339843750007 l s q 0 0 1 rg BT 104.00 277.62 Td (Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 277.52 Td (.............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 261.28339843750007 m 85.3251953125 261.28339843750007 l s q 0 0 1 rg BT 52.00 262.62 Td (Item 12.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 261.28339843750007 m 509.15625 261.28339843750007 l s q 0 0 1 rg BT 104.00 262.62 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 262.52 Td (...) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 246.28339843750007 m 85.3251953125 246.28339843750007 l s q 0 0 1 rg BT 52.00 247.62 Td (Item 13.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 246.28339843750007 m 406.6953125 246.28339843750007 l s q 0 0 1 rg BT 104.00 247.62 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 242.68 247.62 Td (T) Tj ET Q q 0 0 1 rg BT 248.43 247.62 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 247.52 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 231.28339843750007 m 85.3251953125 231.28339843750007 l s q 0 0 1 rg BT 52.00 232.62 Td (Item 14.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 231.28339843750007 m 262.8525390625 231.28339843750007 l s q 0 0 1 rg BT 104.00 232.62 Td (Principal ) Tj ET Q q 0 0 1 rg BT 142.05 232.62 Td (Accounting Fees and Services) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.50 232.52 Td (.....................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.80 217.63 Td (PART IV) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 201.28339843750007 m 85.3251953125 201.28339843750007 l s q 0 0 1 rg BT 52.00 202.62 Td (Item 15.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 201.28339843750007 m 285.9140625 201.28339843750007 l s q 0 0 1 rg BT 104.00 202.62 Td (Exhibits, Financial Statements and Schedules) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 202.52 Td (............................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 186.28339843750007 m 158.7119140625 186.28339843750007 l s q 0 0 1 rg BT 104.00 187.62 Td (Exhibit Index) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 158.71 187.62 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 187.52 Td (...............................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 171.28339843750007 m 146.216796875 171.28339843750007 l s q 0 0 1 rg BT 104.00 172.62 Td (Signatures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 172.52 Td (....................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 104 156.28339843750007 m 278.4140625 156.28339843750007 l s q 0 0 1 rg BT 104.00 157.62 Td (Index to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 157.52 Td (...............................................................................................) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 553 643.2833984375001 m 558 643.2833984375001 l s q 0 0 1 rg BT 553.00 644.62 Td (6) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 628.2833984375001 m 558 628.2833984375001 l s q 0 0 1 rg BT 548.00 629.62 Td (25) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 613.2833984375001 m 558 613.2833984375001 l s q 0 0 1 rg BT 548.00 614.62 Td (47) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 598.2833984375001 m 558 598.2833984375001 l s q 0 0 1 rg BT 548.00 599.62 Td (47) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 583.2833984375001 m 558 583.2833984375001 l s q 0 0 1 rg BT 548.00 584.62 Td (47) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 535.2833984375001 m 558 535.2833984375001 l s q 0 0 1 rg BT 548.00 536.62 Td (48) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 520.2833984375001 m 558 520.2833984375001 l s q 0 0 1 rg BT 548.00 521.62 Td (50) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 505.28339843750007 m 558 505.28339843750007 l s q 0 0 1 rg BT 548.00 506.62 Td (51) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 490.28339843750007 m 558 490.28339843750007 l s q 0 0 1 rg BT 548.00 491.62 Td (51) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 475.28339843750007 m 558 475.28339843750007 l s q 0 0 1 rg BT 548.00 476.62 Td (54) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 460.28339843750007 m 558 460.28339843750007 l s q 0 0 1 rg BT 548.00 461.62 Td (63) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 445.28339843750007 m 558 445.28339843750007 l s q 0 0 1 rg BT 548.00 446.62 Td (72) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 430.28339843750007 m 558 430.28339843750007 l s q 0 0 1 rg BT 548.00 431.62 Td (82) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 415.28339843750007 m 558 415.28339843750007 l s q 0 0 1 rg BT 548.00 416.62 Td (62) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 396.28339843750007 m 558 396.28339843750007 l s q 0 0 1 rg BT 548.00 397.62 Td (88) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 380.28339843750007 m 558 380.28339843750007 l s q 0 0 1 rg BT 548.00 381.62 Td (93) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 365.28339843750007 m 558 365.28339843750007 l s q 0 0 1 rg BT 548.00 366.62 Td (93) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 350.28339843750007 m 558 350.28339843750007 l s q 0 0 1 rg BT 548.00 351.62 Td (93) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 335.28339843750007 m 558 335.28339843750007 l s q 0 0 1 rg BT 548.00 336.62 Td (94) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 290.28339843750007 m 558 290.28339843750007 l s q 0 0 1 rg BT 548.00 291.62 Td (95) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 275.28339843750007 m 558 275.28339843750007 l s q 0 0 1 rg BT 548.00 276.62 Td (95) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 260.28339843750007 m 558 260.28339843750007 l s q 0 0 1 rg BT 548.00 261.62 Td (95) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 245.28339843750007 m 558 245.28339843750007 l s q 0 0 1 rg BT 548.00 246.62 Td (96) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 230.28339843750007 m 558 230.28339843750007 l s q 0 0 1 rg BT 548.00 231.62 Td (96) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 200.28339843750007 m 558 200.28339843750007 l s q 0 0 1 rg BT 548.00 201.62 Td (97) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 185.28339843750007 m 558 185.28339843750007 l s q 0 0 1 rg BT 548.00 186.62 Td (98) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543 170.28339843750007 m 558 170.28339843750007 l s q 0 0 1 rg BT 543.00 171.62 Td (101) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544.1 155.28339843750007 m 557.9916015625 155.28339843750007 l s q 0 0 1 rg BT 544.10 156.62 Td (F-1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 9 0 obj <>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 38.10 Td (4) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 739.1 m 575.5 739.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 735.1 m 575.5 735.1 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.80 723.60 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 723.60 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 723.60 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 723.60 Td ( I ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (Unless the context otherwise indicates or r) Tj ET Q q 0 0 0 rg BT 251.71 687.60 Td (equir) Tj ET Q q 0 0 0 rg BT 272.45 687.60 Td (es, the terms we, our, us, FGL, and the Company, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (as used in this Form 10-K filing, r) Tj ET Q q 0 0 0 rg BT 217.30 675.60 Td (efer to Fidelity& Guaranty Life \(formerly) Tj ET Q q 0 0 0 rg BT 385.61 675.60 Td (, Harbinger F&G, LLC\) and its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (subsidiaries and the term FGLH r) Tj ET Q q 0 0 0 rg BT 228.14 663.60 Td (efers to Fidelity& Guaranty Life) Tj ET Q q 0 0 0 rg BT 362.67 663.60 Td (s dir) Tj ET Q q 0 0 0 rg BT 380.36 663.60 Td (ect subsidiary Fidelity& Guaranty ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (Life Holdings, Inc. FGL) Tj ET Q q 0 0 0 rg BT 177.21 651.60 Td ( primarily operates thr) Tj ET Q q 0 0 0 rg BT 268.22 651.60 Td (ough FGLH) Tj ET Q q 0 0 0 rg BT 318.88 651.60 Td (s subsidiary) Tj ET Q q 0 0 0 rg BT 366.39 651.60 Td (, Fidelity& Guaranty Life Insurance ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (Company \(FGL) Tj ET Q q 0 0 0 rg BT 149.43 639.60 Td ( Insurance\), which is domiciled in Iowa. Our fiscal year ends on September 30 of each year) Tj ET Q q 0 0 0 rg BT 520.48 639.60 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 114.15 615.60 Td (Dollar amounts in the accompanying sections ar) Tj ET Q q 0 0 0 rg BT 308.76 615.60 Td (e pr) Tj ET Q q 0 0 0 rg BT 324.22 615.60 Td (esented in millions, unless otherwise noted.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.25 565.20 Td (Special Note Regarding Forward-Looking Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 546.20 Td (This ) Tj ET Q q 0 0 0 rg BT 126.09 546.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 156.05 546.20 Td (report ) Tj ET Q q 0 0 0 rg BT 183.24 546.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 219.88 546.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 288.73 546.20 Td (statements. ) Tj ET Q q 0 0 0 rg BT 336.75 546.20 Td (Some ) Tj ET Q q 0 0 0 rg BT 362.84 546.20 Td (of ) Tj ET Q q 0 0 0 rg BT 374.48 546.20 Td (the ) Tj ET Q q 0 0 0 rg BT 390.00 546.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 458.85 546.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 504.38 546.20 Td (can ) Tj ET Q q 0 0 0 rg BT 521.56 546.20 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 534.20 Td (identified ) Tj ET Q q 0 0 0 rg BT 121.52 534.20 Td (by ) Tj ET Q q 0 0 0 rg BT 133.71 534.20 Td (the ) Tj ET Q q 0 0 0 rg BT 148.13 534.20 Td (use ) Tj ET Q q 0 0 0 rg BT 163.66 534.20 Td (of ) Tj ET Q q 0 0 0 rg BT 174.18 534.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 198.60 534.20 Td (such ) Tj ET Q q 0 0 0 rg BT 219.13 534.20 Td (as ) Tj ET Q q 0 0 0 rg BT 229.65 534.20 Td (believes, ) Tj ET Q q 0 0 0 rg BT 275.99 534.20 Td (expects, ) Tj ET Q q 0 0 0 rg BT 319.55 534.20 Td (may, ) Tj ET Q q 0 0 0 rg BT 350.34 534.20 Td (will, ) Tj ET Q q 0 0 0 rg BT 379.47 534.20 Td (should, ) Tj ET Q q 0 0 0 rg BT 419.72 534.20 Td (could, ) Tj ET Q q 0 0 0 rg BT 455.51 534.20 Td (seeks, ) Tj ET Q q 0 0 0 rg BT 490.74 534.20 Td (intends, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 522.20 Td (plans, ) Tj ET Q q 0 0 0 rg BT 115.02 522.20 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 165.13 522.20 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 218.30 522.20 Td (or ) Tj ET Q q 0 0 0 rg BT 228.16 522.20 Td (other ) Tj ET Q q 0 0 0 rg BT 250.24 522.20 Td (comparable ) Tj ET Q q 0 0 0 rg BT 298.41 522.20 Td (terms. ) Tj ET Q q 0 0 0 rg BT 324.65 522.20 Td (However) Tj ET Q q 0 0 0 rg BT 360.90 522.20 Td (, ) Tj ET Q q 0 0 0 rg BT 364.93 522.20 Td (not ) Tj ET Q q 0 0 0 rg BT 379.24 522.20 Td (all ) Tj ET Q q 0 0 0 rg BT 390.77 522.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 457.83 522.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 501.57 522.20 Td (contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 510.20 Td (these ) Tj ET Q q 0 0 0 rg BT 103.92 510.20 Td (identifying ) Tj ET Q q 0 0 0 rg BT 150.17 510.20 Td (words. ) Tj ET Q q 0 0 0 rg BT 179.32 510.20 Td (These ) Tj ET Q q 0 0 0 rg BT 205.57 510.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 273.48 510.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 318.06 510.20 Td (include ) Tj ET Q q 0 0 0 rg BT 349.87 510.20 Td (all ) Tj ET Q q 0 0 0 rg BT 362.24 510.20 Td (matters ) Tj ET Q q 0 0 0 rg BT 394.05 510.20 Td (that ) Tj ET Q q 0 0 0 rg BT 411.41 510.20 Td (are ) Tj ET Q q 0 0 0 rg BT 425.99 510.20 Td (not ) Tj ET Q q 0 0 0 rg BT 441.15 510.20 Td (related ) Tj ET Q q 0 0 0 rg BT 470.72 510.20 Td (to ) Tj ET Q q 0 0 0 rg BT 480.87 510.20 Td (present ) Tj ET Q q 0 0 0 rg BT 512.12 510.20 Td (facts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 498.20 Td (or ) Tj ET Q q 0 0 0 rg BT 91.70 498.20 Td (current ) Tj ET Q q 0 0 0 rg BT 122.39 498.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 166.42 498.20 Td (or ) Tj ET Q q 0 0 0 rg BT 177.12 498.20 Td (that ) Tj ET Q q 0 0 0 rg BT 194.49 498.20 Td (are ) Tj ET Q q 0 0 0 rg BT 209.07 498.20 Td (not ) Tj ET Q q 0 0 0 rg BT 224.22 498.20 Td (historical ) Tj ET Q q 0 0 0 rg BT 263.80 498.20 Td (facts. ) Tj ET Q q 0 0 0 rg BT 287.37 498.20 Td (They ) Tj ET Q q 0 0 0 rg BT 310.29 498.20 Td (appear ) Tj ET Q q 0 0 0 rg BT 339.31 498.20 Td (in ) Tj ET Q q 0 0 0 rg BT 349.46 498.20 Td (a ) Tj ET Q q 0 0 0 rg BT 356.27 498.20 Td (number ) Tj ET Q q 0 0 0 rg BT 389.18 498.20 Td (of ) Tj ET Q q 0 0 0 rg BT 399.88 498.20 Td (places ) Tj ET Q q 0 0 0 rg BT 427.24 498.20 Td (throughout ) Tj ET Q q 0 0 0 rg BT 473.50 498.20 Td (this ) Tj ET Q q 0 0 0 rg BT 490.32 498.20 Td (report ) Tj ET Q q 0 0 0 rg BT 516.56 498.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 486.20 Td (include ) Tj ET Q q 0 0 0 rg BT 113.24 486.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 158.26 486.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 199.39 486.20 Td (our ) Tj ET Q q 0 0 0 rg BT 215.53 486.20 Td (intentions, ) Tj ET Q q 0 0 0 rg BT 260.28 486.20 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 289.74 486.20 Td (or ) Tj ET Q q 0 0 0 rg BT 300.88 486.20 Td (current ) Tj ET Q q 0 0 0 rg BT 332.01 486.20 Td (expectations ) Tj ET Q q 0 0 0 rg BT 384.80 486.20 Td (concerning, ) Tj ET Q q 0 0 0 rg BT 434.53 486.20 Td (among ) Tj ET Q q 0 0 0 rg BT 464.56 486.20 Td (other ) Tj ET Q q 0 0 0 rg BT 487.91 486.20 Td (things, ) Tj ET Q q 0 0 0 rg BT 517.67 486.20 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 474.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 133.54 474.20 Td (results ) Tj ET Q q 0 0 0 rg BT 161.65 474.20 Td (of ) Tj ET Q q 0 0 0 rg BT 171.99 474.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 218.14 474.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 255.13 474.20 Td (condition, ) Tj ET Q q 0 0 0 rg BT 297.40 474.20 Td (liquidity) Tj ET Q q 0 0 0 rg BT 330.64 474.20 Td (, ) Tj ET Q q 0 0 0 rg BT 335.15 474.20 Td (prospects ) Tj ET Q q 0 0 0 rg BT 374.92 474.20 Td (and ) Tj ET Q q 0 0 0 rg BT 391.36 474.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 421.69 474.20 Td (strategies ) Tj ET Q q 0 0 0 rg BT 461.45 474.20 Td (and ) Tj ET Q q 0 0 0 rg BT 477.89 474.20 Td (the ) Tj ET Q q 0 0 0 rg BT 492.11 474.20 Td (industries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 462.20 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 462.20 Td (which ) Tj ET Q q 0 0 0 rg BT 118.22 462.20 Td (we ) Tj ET Q q 0 0 0 rg BT 132.38 462.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 164.30 462.20 Td (and ) Tj ET Q q 0 0 0 rg BT 181.24 462.20 Td (including, ) Tj ET Q q 0 0 0 rg BT 224.01 462.20 Td (without ) Tj ET Q q 0 0 0 rg BT 257.07 462.20 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 300.96 462.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 345.67 462.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 378.71 462.20 Td (to ) Tj ET Q q 0 0 0 rg BT 388.99 462.20 Td (our ) Tj ET Q q 0 0 0 rg BT 404.82 462.20 Td (future ) Tj ET Q q 0 0 0 rg BT 431.20 462.20 Td (performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 443.20 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 175.25 443.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 219.94 443.20 Td (are ) Tj ET Q q 0 0 0 rg BT 234.63 443.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 265.43 443.20 Td (to ) Tj ET Q q 0 0 0 rg BT 275.69 443.20 Td (known ) Tj ET Q q 0 0 0 rg BT 305.40 443.20 Td (and ) Tj ET Q q 0 0 0 rg BT 322.31 443.20 Td (unknown ) Tj ET Q q 0 0 0 rg BT 362.02 443.20 Td (risks ) Tj ET Q q 0 0 0 rg BT 383.39 443.20 Td (and ) Tj ET Q q 0 0 0 rg BT 400.31 443.20 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 456.38 443.20 Td (many ) Tj ET Q q 0 0 0 rg BT 481.07 443.20 Td (of ) Tj ET Q q 0 0 0 rg BT 491.88 443.20 Td (which ) Tj ET Q q 0 0 0 rg BT 518.80 443.20 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 431.20 Td (beyond ) Tj ET Q q 0 0 0 rg BT 112.53 431.20 Td (our ) Tj ET Q q 0 0 0 rg BT 127.96 431.20 Td (control. ) Tj ET Q q 0 0 0 rg BT 160.72 431.20 Td (W) Tj ET Q q 0 0 0 rg BT 169.36 431.20 Td (e ) Tj ET Q q 0 0 0 rg BT 175.89 431.20 Td (caution ) Tj ET Q q 0 0 0 rg BT 207.42 431.20 Td (you ) Tj ET Q q 0 0 0 rg BT 224.51 431.20 Td (that ) Tj ET Q q 0 0 0 rg BT 241.60 431.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 309.23 431.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 353.54 431.20 Td (are ) Tj ET Q q 0 0 0 rg BT 367.84 431.20 Td (not ) Tj ET Q q 0 0 0 rg BT 382.71 431.20 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 427.56 431.20 Td (of ) Tj ET Q q 0 0 0 rg BT 437.98 431.20 Td (future ) Tj ET Q q 0 0 0 rg BT 463.96 431.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 516.57 431.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 419.20 Td (that ) Tj ET Q q 0 0 0 rg BT 98.11 419.20 Td (our ) Tj ET Q q 0 0 0 rg BT 113.56 419.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 139.55 419.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 192.21 419.20 Td (results ) Tj ET Q q 0 0 0 rg BT 220.44 419.20 Td (of ) Tj ET Q q 0 0 0 rg BT 230.89 419.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 277.16 419.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 314.26 419.20 Td (condition ) Tj ET Q q 0 0 0 rg BT 354.15 419.20 Td (and ) Tj ET Q q 0 0 0 rg BT 370.71 419.20 Td (liquidity) Tj ET Q q 0 0 0 rg BT 403.95 419.20 Td (, ) Tj ET Q q 0 0 0 rg BT 408.57 419.20 Td (and ) Tj ET Q q 0 0 0 rg BT 425.12 419.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 460.02 419.20 Td (development ) Tj ET Q q 0 0 0 rg BT 513.79 419.20 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 407.20 Td (dif) Tj ET Q q 0 0 0 rg BT 91.93 407.20 Td (fer ) Tj ET Q q 0 0 0 rg BT 105.77 407.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 149.05 407.20 Td (from ) Tj ET Q q 0 0 0 rg BT 171.24 407.20 Td (those ) Tj ET Q q 0 0 0 rg BT 195.09 407.20 Td (made ) Tj ET Q q 0 0 0 rg BT 219.49 407.20 Td (in ) Tj ET Q q 0 0 0 rg BT 230.02 407.20 Td (or ) Tj ET Q q 0 0 0 rg BT 241.09 407.20 Td (suggested ) Tj ET Q q 0 0 0 rg BT 283.28 407.20 Td (by ) Tj ET Q q 0 0 0 rg BT 296.02 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 310.99 407.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 379.27 407.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 424.23 407.20 Td (contained ) Tj ET Q q 0 0 0 rg BT 465.84 407.20 Td (in ) Tj ET Q q 0 0 0 rg BT 476.37 407.20 Td (this ) Tj ET Q q 0 0 0 rg BT 493.56 407.20 Td (report. ) Tj ET Q q 0 0 0 rg BT 522.68 407.20 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 395.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 118.09 395.20 Td (even ) Tj ET Q q 0 0 0 rg BT 138.79 395.20 Td (if ) Tj ET Q q 0 0 0 rg BT 146.72 395.20 Td (our ) Tj ET Q q 0 0 0 rg BT 161.87 395.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 214.23 395.20 Td (results ) Tj ET Q q 0 0 0 rg BT 242.16 395.20 Td (of ) Tj ET Q q 0 0 0 rg BT 252.31 395.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 298.29 395.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.09 395.20 Td (condition ) Tj ET Q q 0 0 0 rg BT 374.68 395.20 Td (and ) Tj ET Q q 0 0 0 rg BT 390.94 395.20 Td (liquidity) Tj ET Q q 0 0 0 rg BT 424.18 395.20 Td (, ) Tj ET Q q 0 0 0 rg BT 428.50 395.20 Td (and ) Tj ET Q q 0 0 0 rg BT 444.76 395.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 479.36 395.20 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 383.20 Td (are ) Tj ET Q q 0 0 0 rg BT 95.31 383.20 Td (consistent ) Tj ET Q q 0 0 0 rg BT 137.40 383.20 Td (with ) Tj ET Q q 0 0 0 rg BT 157.28 383.20 Td (the ) Tj ET Q q 0 0 0 rg BT 171.60 383.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 239.23 383.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 283.54 383.20 Td (contained ) Tj ET Q q 0 0 0 rg BT 324.52 383.20 Td (in ) Tj ET Q q 0 0 0 rg BT 334.39 383.20 Td (this ) Tj ET Q q 0 0 0 rg BT 350.94 383.20 Td (report, ) Tj ET Q q 0 0 0 rg BT 379.42 383.20 Td (those ) Tj ET Q q 0 0 0 rg BT 402.63 383.20 Td (results ) Tj ET Q q 0 0 0 rg BT 430.83 383.20 Td (or ) Tj ET Q q 0 0 0 rg BT 441.26 383.20 Td (developments ) Tj ET Q q 0 0 0 rg BT 498.91 383.20 Td (may ) Tj ET Q q 0 0 0 rg BT 518.22 383.20 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 371.20 Td (be ) Tj ET Q q 0 0 0 rg BT 92.89 371.20 Td (indicative ) Tj ET Q q 0 0 0 rg BT 134.78 371.20 Td (of ) Tj ET Q q 0 0 0 rg BT 145.56 371.20 Td (results ) Tj ET Q q 0 0 0 rg BT 174.13 371.20 Td (or ) Tj ET Q q 0 0 0 rg BT 184.91 371.20 Td (developments ) Tj ET Q q 0 0 0 rg BT 242.91 371.20 Td (in ) Tj ET Q q 0 0 0 rg BT 253.14 371.20 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 300.04 371.20 Td (periods. ) Tj ET Q q 0 0 0 rg BT 333.89 371.20 Td (A) Tj ET Q q 0 0 0 rg BT 340.56 371.20 Td ( ) Tj ET Q q 0 0 0 rg BT 343.01 371.20 Td (number ) Tj ET Q q 0 0 0 rg BT 376.01 371.20 Td (of ) Tj ET Q q 0 0 0 rg BT 386.80 371.20 Td (important ) Tj ET Q q 0 0 0 rg BT 428.14 371.20 Td (factors ) Tj ET Q q 0 0 0 rg BT 457.80 371.20 Td (could ) Tj ET Q q 0 0 0 rg BT 482.47 371.20 Td (cause ) Tj ET Q q 0 0 0 rg BT 507.13 371.20 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 359.20 Td (results ) Tj ET Q q 0 0 0 rg BT 110.11 359.20 Td (to ) Tj ET Q q 0 0 0 rg BT 120.89 359.20 Td (dif) Tj ET Q q 0 0 0 rg BT 131.82 359.20 Td (fer ) Tj ET Q q 0 0 0 rg BT 145.92 359.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 189.46 359.20 Td (from ) Tj ET Q q 0 0 0 rg BT 211.90 359.20 Td (those ) Tj ET Q q 0 0 0 rg BT 236.01 359.20 Td (contained ) Tj ET Q q 0 0 0 rg BT 277.88 359.20 Td (in ) Tj ET Q q 0 0 0 rg BT 288.66 359.20 Td (or ) Tj ET Q q 0 0 0 rg BT 300.00 359.20 Td (implied ) Tj ET Q q 0 0 0 rg BT 333.55 359.20 Td (by ) Tj ET Q q 0 0 0 rg BT 346.55 359.20 Td (the ) Tj ET Q q 0 0 0 rg BT 361.77 359.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 430.31 359.20 Td (statements, ) Tj ET Q q 0 0 0 rg BT 478.02 359.20 Td (including ) Tj ET Q q 0 0 0 rg BT 518.80 359.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 347.20 Td (risks ) Tj ET Q q 0 0 0 rg BT 102.55 347.20 Td (and ) Tj ET Q q 0 0 0 rg BT 119.65 347.20 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 173.40 347.20 Td (discussed ) Tj ET Q q 0 0 0 rg BT 214.39 347.20 Td (in ) Tj ET Q q 0 0 0 rg BT 224.83 347.20 Td (Risk ) Tj ET Q q 0 0 0 rg BT 250.27 347.20 Td (Factors ) Tj ET Q q 0 0 0 rg BT 286.80 347.20 Td (\(Part ) Tj ET Q q 0 0 0 rg BT 308.90 347.20 Td (I, ) Tj ET Q q 0 0 0 rg BT 317.39 347.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 338.38 347.20 Td (1A) Tj ET Q q 0 0 0 rg BT 350.05 347.20 Td ( ) Tj ET Q q 0 0 0 rg BT 352.71 347.20 Td (of ) Tj ET Q q 0 0 0 rg BT 363.70 347.20 Td (this ) Tj ET Q q 0 0 0 rg BT 380.81 347.20 Td (Form ) Tj ET Q q 0 0 0 rg BT 405.14 347.20 Td (10-K\). ) Tj ET Q q 0 0 0 rg BT 434.18 347.20 Td (Factors ) Tj ET Q q 0 0 0 rg BT 466.28 347.20 Td (that ) Tj ET Q q 0 0 0 rg BT 483.93 347.20 Td (could ) Tj ET Q q 0 0 0 rg BT 508.81 347.20 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 335.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 107.37 335.20 Td (results ) Tj ET Q q 0 0 0 rg BT 135.99 335.20 Td (to ) Tj ET Q q 0 0 0 rg BT 146.27 335.20 Td (dif) Tj ET Q q 0 0 0 rg BT 157.19 335.20 Td (fer ) Tj ET Q q 0 0 0 rg BT 170.79 335.20 Td (from ) Tj ET Q q 0 0 0 rg BT 192.74 335.20 Td (those ) Tj ET Q q 0 0 0 rg BT 216.35 335.20 Td (reflected ) Tj ET Q q 0 0 0 rg BT 253.82 335.20 Td (in ) Tj ET Q q 0 0 0 rg BT 264.10 335.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 332.14 335.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 376.85 335.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 409.90 335.20 Td (to ) Tj ET Q q 0 0 0 rg BT 420.18 335.20 Td (our ) Tj ET Q q 0 0 0 rg BT 436.01 335.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 480.17 335.20 Td (and ) Tj ET Q q 0 0 0 rg BT 497.11 335.20 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 323.20 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 299.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 299.20 Td (the ) Tj ET Q q 0 0 0 rg BT 132.96 299.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 162.26 299.20 Td (to ) Tj ET Q q 0 0 0 rg BT 173.79 299.20 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 203.65 299.20 Td (the ) Tj ET Q q 0 0 0 rg BT 219.61 299.20 Td (closing ) Tj ET Q q 0 0 0 rg BT 252.24 299.20 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 300.16 299.20 Td (including ) Tj ET Q q 0 0 0 rg BT 341.68 299.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 386.52 299.20 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 431.64 299.20 Td (contained ) Tj ET Q q 0 0 0 rg BT 474.26 299.20 Td (in ) Tj ET Q q 0 0 0 rg BT 485.79 299.20 Td (the ) Tj ET Q q 0 0 0 rg BT 501.75 299.20 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.23 299.20 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 287.20 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 275.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 275.20 Td (the ) Tj ET Q q 0 0 0 rg BT 130.84 275.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 159.68 275.20 Td (on ) Tj ET Q q 0 0 0 rg BT 171.30 275.20 Td (the ) Tj ET Q q 0 0 0 rg BT 185.14 275.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 207.87 275.20 Td (price, ) Tj ET Q q 0 0 0 rg BT 231.98 275.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 270.00 275.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.60 275.20 Td (condition ) Tj ET Q q 0 0 0 rg BT 346.00 275.20 Td (and ) Tj ET Q q 0 0 0 rg BT 362.06 275.20 Td (results ) Tj ET Q q 0 0 0 rg BT 389.79 275.20 Td (of ) Tj ET Q q 0 0 0 rg BT 399.74 275.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 443.02 275.20 Td (if ) Tj ET Q q 0 0 0 rg BT 450.75 275.20 Td (the ) Tj ET Q q 0 0 0 rg BT 464.60 275.20 Td (proposed ) Tj ET Q q 0 0 0 rg BT 502.88 275.20 Td (mer) Tj ET Q q 0 0 0 rg BT 518.25 275.20 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 263.20 Td (is ) Tj ET Q q 0 0 0 rg BT 126.17 263.20 Td (not ) Tj ET Q q 0 0 0 rg BT 141.45 263.20 Td (consummated ) Tj ET Q q 0 0 0 rg BT 199.49 263.20 Td (or ) Tj ET Q q 0 0 0 rg BT 210.32 263.20 Td (not ) Tj ET Q q 0 0 0 rg BT 225.60 263.20 Td (consummated ) Tj ET Q q 0 0 0 rg BT 283.64 263.20 Td (timely; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 251.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 251.20 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 251.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 161.43 251.20 Td (of ) Tj ET Q q 0 0 0 rg BT 172.26 251.20 Td (the ) Tj ET Q q 0 0 0 rg BT 186.98 251.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 227.24 251.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 274.17 251.20 Td (in ) Tj ET Q q 0 0 0 rg BT 284.45 251.20 Td (the ) Tj ET Q q 0 0 0 rg BT 299.17 251.20 Td (Mer) Tj ET Q q 0 0 0 rg BT 315.65 251.20 Td (ger ) Tj ET Q q 0 0 0 rg BT 330.36 251.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 377.29 251.20 Td (and ) Tj ET Q q 0 0 0 rg BT 394.23 251.20 Td (their ) Tj ET Q q 0 0 0 rg BT 415.05 251.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 444.76 251.20 Td (on ) Tj ET Q q 0 0 0 rg BT 457.26 251.20 Td (FGL; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 239.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 239.20 Td (litigation ) Tj ET Q q 0 0 0 rg BT 155.61 239.20 Td (arising ) Tj ET Q q 0 0 0 rg BT 185.33 239.20 Td (from ) Tj ET Q q 0 0 0 rg BT 207.26 239.20 Td (the ) Tj ET Q q 0 0 0 rg BT 221.98 239.20 Td (proposed ) Tj ET Q q 0 0 0 rg BT 261.14 239.20 Td (mer) Tj ET Q q 0 0 0 rg BT 276.51 239.20 Td (ger; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 227.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 227.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 159.82 227.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 193.75 227.20 Td (or ) Tj ET Q q 0 0 0 rg BT 203.80 227.20 Td (actions, ) Tj ET Q q 0 0 0 rg BT 236.35 227.20 Td (including ) Tj ET Q q 0 0 0 rg BT 275.84 227.20 Td (those ) Tj ET Q q 0 0 0 rg BT 298.67 227.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 330.94 227.20 Td (to ) Tj ET Q q 0 0 0 rg BT 340.44 227.20 Td (regulation ) Tj ET Q q 0 0 0 rg BT 382.70 227.20 Td (of ) Tj ET Q q 0 0 0 rg BT 392.76 227.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 429.46 227.20 Td (services ) Tj ET Q q 0 0 0 rg BT 463.39 227.20 Td (af) Tj ET Q q 0 0 0 rg BT 470.98 227.20 Td (fecting ) Tj ET Q q 0 0 0 rg BT 500.46 227.20 Td (\(among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 215.20 Td (other ) Tj ET Q q 0 0 0 rg BT 140.16 215.20 Td (things\) ) Tj ET Q q 0 0 0 rg BT 170.56 215.20 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 224.83 215.20 Td (of ) Tj ET Q q 0 0 0 rg BT 235.78 215.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 276.71 215.20 Td (products ) Tj ET Q q 0 0 0 rg BT 313.76 215.20 Td (and ) Tj ET Q q 0 0 0 rg BT 330.82 215.20 Td (regulation ) Tj ET Q q 0 0 0 rg BT 373.97 215.20 Td (of ) Tj ET Q q 0 0 0 rg BT 384.92 215.20 Td (the ) Tj ET Q q 0 0 0 rg BT 399.75 215.20 Td (sale, ) Tj ET Q q 0 0 0 rg BT 420.42 215.20 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 474.69 215.20 Td (and ) Tj ET Q q 0 0 0 rg BT 491.74 215.20 Td (pricing ) Tj ET Q q 0 0 0 rg BT 522.68 215.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 203.20 Td (products ) Tj ET Q q 0 0 0 rg BT 153.61 203.20 Td (and ) Tj ET Q q 0 0 0 rg BT 170.23 203.20 Td (minimum ) Tj ET Q q 0 0 0 rg BT 211.29 203.20 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 267.33 203.20 Td (and ) Tj ET Q q 0 0 0 rg BT 283.94 203.20 Td (statutory ) Tj ET Q q 0 0 0 rg BT 321.11 203.20 Td (reserve ) Tj ET Q q 0 0 0 rg BT 352.15 203.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 406.53 203.20 Td (for ) Tj ET Q q 0 0 0 rg BT 420.36 203.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 460.85 203.20 Td (companies, ) Tj ET Q q 0 0 0 rg BT 508.29 203.20 Td (or ) Tj ET Q q 0 0 0 rg BT 518.79 203.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 191.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 145.46 191.20 Td (of ) Tj ET Q q 0 0 0 rg BT 156.70 191.20 Td (our ) Tj ET Q q 0 0 0 rg BT 172.94 191.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 214.17 191.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 264.29 191.20 Td (to ) Tj ET Q q 0 0 0 rg BT 274.98 191.20 Td (make ) Tj ET Q q 0 0 0 rg BT 299.55 191.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 320.23 191.20 Td (distributions ) Tj ET Q q 0 0 0 rg BT 373.14 191.20 Td (to ) Tj ET Q q 0 0 0 rg BT 383.83 191.20 Td (us ) Tj ET Q q 0 0 0 rg BT 395.63 191.20 Td (\(including ) Tj ET Q q 0 0 0 rg BT 439.65 191.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 481.44 191.20 Td (or ) Tj ET Q q 0 0 0 rg BT 492.68 191.20 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 179.20 Td (on ) Tj ET Q q 0 0 0 rg BT 129.50 179.20 Td (surplus ) Tj ET Q q 0 0 0 rg BT 160.89 179.20 Td (notes ) Tj ET Q q 0 0 0 rg BT 184.50 179.20 Td (those ) Tj ET Q q 0 0 0 rg BT 208.11 179.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 257.83 179.20 Td (issue ) Tj ET Q q 0 0 0 rg BT 280.33 179.20 Td (to ) Tj ET Q q 0 0 0 rg BT 290.60 179.20 Td (us\); ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 167.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 132.61 167.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 163.22 167.20 Td (of ) Tj ET Q q 0 0 0 rg BT 174.94 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 190.55 167.20 Td (Department ) Tj ET Q q 0 0 0 rg BT 241.15 167.20 Td (of ) Tj ET Q q 0 0 0 rg BT 252.87 167.20 Td (Labor ) Tj ET Q q 0 0 0 rg BT 280.14 167.20 Td ("fiduciary" ) Tj ET Q q 0 0 0 rg BT 327.79 167.20 Td (rule, ) Tj ET Q q 0 0 0 rg BT 349.23 167.20 Td (finalized ) Tj ET Q q 0 0 0 rg BT 387.61 167.20 Td (in ) Tj ET Q q 0 0 0 rg BT 398.03 167.20 Td (April ) Tj ET Q q 0 0 0 rg BT 422.53 167.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 448.42 167.20 Td (on ) Tj ET Q q 0 0 0 rg BT 461.82 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 477.43 167.20 Td (Company) Tj ET Q q 0 0 0 rg BT 515.67 167.20 Td (, ) Tj ET Q q 0 0 0 rg BT 521.56 167.20 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 155.20 Td (products, ) Tj ET Q q 0 0 0 rg BT 156.44 155.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 205.05 155.20 Td (and ) Tj ET Q q 0 0 0 rg BT 221.99 155.20 Td (business ) Tj ET Q q 0 0 0 rg BT 258.38 155.20 Td (model;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 143.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 143.20 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 143.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 161.43 143.20 Td (on ) Tj ET Q q 0 0 0 rg BT 173.93 143.20 Td (our ) Tj ET Q q 0 0 0 rg BT 189.76 143.20 Td (business ) Tj ET Q q 0 0 0 rg BT 226.15 143.20 Td (of ) Tj ET Q q 0 0 0 rg BT 236.98 143.20 Td (new ) Tj ET Q q 0 0 0 rg BT 256.14 143.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 302.51 143.20 Td (rules ) Tj ET Q q 0 0 0 rg BT 324.45 143.20 Td (or ) Tj ET Q q 0 0 0 rg BT 335.28 143.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 369.99 143.20 Td (to ) Tj ET Q q 0 0 0 rg BT 380.27 143.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 414.43 143.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 460.80 143.20 Td (rules; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 131.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 131.20 Td (the ) Tj ET Q q 0 0 0 rg BT 131.10 131.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 160.19 131.20 Td (of ) Tj ET Q q 0 0 0 rg BT 170.40 131.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 216.71 131.20 Td (in ) Tj ET Q q 0 0 0 rg BT 226.37 131.20 Td (FGL) Tj ET Q q 0 0 0 rg BT 244.34 131.20 Td () Tj ET Q q 0 0 0 rg BT 247.12 131.20 Td (s ) Tj ET Q q 0 0 0 rg BT 252.89 131.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 271.98 131.20 Td (instruments ) Tj ET Q q 0 0 0 rg BT 320.53 131.20 Td (on ) Tj ET Q q 0 0 0 rg BT 332.41 131.20 Td (its ) Tj ET Q q 0 0 0 rg BT 343.73 131.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 371.16 131.20 Td (to ) Tj ET Q q 0 0 0 rg BT 380.82 131.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 412.12 131.20 Td (its ) Tj ET Q q 0 0 0 rg BT 423.45 131.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 461.72 131.20 Td (finance ) Tj ET Q q 0 0 0 rg BT 493.02 131.20 Td (its ) Tj ET Q q 0 0 0 rg BT 504.35 131.20 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 119.20 Td (needs ) Tj ET Q q 0 0 0 rg BT 142.27 119.20 Td (or ) Tj ET Q q 0 0 0 rg BT 153.10 119.20 Td (pursue ) Tj ET Q q 0 0 0 rg BT 182.26 119.20 Td (or ) Tj ET Q q 0 0 0 rg BT 193.09 119.20 Td (expand ) Tj ET Q q 0 0 0 rg BT 224.47 119.20 Td (its ) Tj ET Q q 0 0 0 rg BT 236.41 119.20 Td (business ) Tj ET Q q 0 0 0 rg BT 272.81 119.20 Td (strategies; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 107.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 107.20 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 107.20 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 169.74 107.20 Td (of ) Tj ET Q q 0 0 0 rg BT 180.57 107.20 Td (management) Tj ET Q q 0 0 0 rg BT 234.44 107.20 Td (s ) Tj ET Q q 0 0 0 rg BT 240.83 107.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 292.78 107.20 Td (and ) Tj ET Q q 0 0 0 rg BT 309.71 107.20 Td (estimates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 95.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 95.20 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 95.20 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 169.74 95.20 Td (of ) Tj ET Q q 0 0 0 rg BT 180.57 95.20 Td (our ) Tj ET Q q 0 0 0 rg BT 196.40 95.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 248.35 95.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 289.16 95.20 Td (the ) Tj ET Q q 0 0 0 rg BT 303.88 95.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 320.26 95.20 Td (value ) Tj ET Q q 0 0 0 rg BT 344.41 95.20 Td (and ) Tj ET Q q 0 0 0 rg BT 361.35 95.20 Td (future ) Tj ET Q q 0 0 0 rg BT 387.73 95.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 440.75 95.20 Td (of ) Tj ET Q q 0 0 0 rg BT 451.58 95.20 Td (our ) Tj ET Q q 0 0 0 rg BT 467.41 95.20 Td (investments; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 83.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 83.20 Td (our ) Tj ET Q q 0 0 0 rg BT 132.83 83.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 160.88 83.20 Td (and ) Tj ET Q q 0 0 0 rg BT 177.82 83.20 Td (our ) Tj ET Q q 0 0 0 rg BT 193.65 83.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 234.47 83.20 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 284.27 83.20 Td ( ) Tj ET Q q 0 0 0 rg BT 286.77 83.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 314.82 83.20 Td (to ) Tj ET Q q 0 0 0 rg BT 325.10 83.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 362.59 83.20 Td (or ) Tj ET Q q 0 0 0 rg BT 373.42 83.20 Td (improve ) Tj ET Q q 0 0 0 rg BT 409.25 83.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 446.73 83.20 Td (strength ) Tj ET Q q 0 0 0 rg BT 481.44 83.20 Td (ratings; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 71.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 71.20 Td (our ) Tj ET Q q 0 0 0 rg BT 133.38 71.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 171.41 71.20 Td (need ) Tj ET Q q 0 0 0 rg BT 193.34 71.20 Td (and ) Tj ET Q q 0 0 0 rg BT 210.82 71.20 Td (our ) Tj ET Q q 0 0 0 rg BT 227.20 71.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 268.56 71.20 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 318.37 71.20 Td ( ) Tj ET Q q 0 0 0 rg BT 321.41 71.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 359.45 71.20 Td (need ) Tj ET Q q 0 0 0 rg BT 381.38 71.20 Td (for ) Tj ET Q q 0 0 0 rg BT 396.08 71.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 439.12 71.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 468.82 71.20 Td (to ) Tj ET Q q 0 0 0 rg BT 479.64 71.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 517.68 71.20 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 59.20 Td (and ) Tj ET Q q 0 0 0 rg BT 133.94 59.20 Td (their ) Tj ET Q q 0 0 0 rg BT 154.76 59.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 192.24 59.20 Td (strength ) Tj ET Q q 0 0 0 rg BT 226.96 59.20 Td (and ) Tj ET Q q 0 0 0 rg BT 243.90 59.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 269.16 59.20 Td (ratings ) Tj ET Q q 0 0 0 rg BT 298.88 59.20 Td (and ) Tj ET Q q 0 0 0 rg BT 315.82 59.20 Td (meet ) Tj ET Q q 0 0 0 rg BT 337.75 59.20 Td (other ) Tj ET Q q 0 0 0 rg BT 360.80 59.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 415.50 59.20 Td (and ) Tj ET Q q 0 0 0 rg BT 432.44 59.20 Td (obligations;) Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 38.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 735.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 735.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 173.65 735.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 221.14 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 231.97 735.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 261.12 735.60 Td (required ) Tj ET Q q 0 0 0 rg BT 296.93 735.60 Td (for ) Tj ET Q q 0 0 0 rg BT 311.09 735.60 Td (our ) Tj ET Q q 0 0 0 rg BT 326.92 735.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 367.74 735.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 417.45 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 427.73 735.60 Td (grow;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 723.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 133.12 723.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 161.47 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.04 723.60 Td (defend ) Tj ET Q q 0 0 0 rg BT 202.04 723.60 Td (ourselves ) Tj ET Q q 0 0 0 rg BT 242.61 723.60 Td (against ) Tj ET Q q 0 0 0 rg BT 273.73 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 284.85 723.60 Td (respond ) Tj ET Q q 0 0 0 rg BT 319.31 723.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 332.38 723.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 370.16 723.60 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 411.57 723.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 464.33 723.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 522.68 723.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 711.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 157.25 711.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 200.85 711.60 Td (scrutiny;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 699.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 699.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 161.43 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 172.26 699.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 209.75 699.60 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 250.86 699.60 Td (including ) Tj ET Q q 0 0 0 rg BT 291.13 699.60 Td (class ) Tj ET Q q 0 0 0 rg BT 313.07 699.60 Td (action ) Tj ET Q q 0 0 0 rg BT 340.00 699.60 Td (litigation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 687.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.40 687.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 162.79 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.31 687.60 Td (our ) Tj ET Q q 0 0 0 rg BT 190.82 687.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 233.43 687.60 Td (failing ) Tj ET Q q 0 0 0 rg BT 262.72 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 273.68 687.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 296.29 687.60 Td (or ) Tj ET Q q 0 0 0 rg BT 307.81 687.60 Td (timely ) Tj ET Q q 0 0 0 rg BT 336.54 687.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 359.16 687.60 Td (their ) Tj ET Q q 0 0 0 rg BT 380.67 687.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 418.29 687.60 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 468.41 687.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 512.69 687.60 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 675.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 141.11 675.60 Td (or ) Tj ET Q q 0 0 0 rg BT 152.17 675.60 Td (becoming ) Tj ET Q q 0 0 0 rg BT 194.34 675.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 225.40 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.91 675.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 269.18 675.60 Td (developments ) Tj ET Q q 0 0 0 rg BT 327.46 675.60 Td (that ) Tj ET Q q 0 0 0 rg BT 345.19 675.60 Td (could ) Tj ET Q q 0 0 0 rg BT 370.14 675.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 413.41 675.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 454.46 675.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 484.40 675.60 Td (their ) Tj ET Q q 0 0 0 rg BT 505.46 675.60 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 663.60 Td (to ) Tj ET Q q 0 0 0 rg BT 127.28 663.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 160.33 663.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 208.91 663.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.19 663.60 Td (us ) Tj ET Q q 0 0 0 rg BT 230.58 663.60 Td (at ) Tj ET Q q 0 0 0 rg BT 240.30 663.60 Td (consistent ) Tj ET Q q 0 0 0 rg BT 282.79 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.73 663.60 Td (economical ) Tj ET Q q 0 0 0 rg BT 348.32 663.60 Td (terms; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 651.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 651.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 164.23 651.60 Td (on ) Tj ET Q q 0 0 0 rg BT 177.02 651.60 Td (our ) Tj ET Q q 0 0 0 rg BT 193.15 651.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 221.49 651.60 Td (to ) Tj ET Q q 0 0 0 rg BT 232.07 651.60 Td (use ) Tj ET Q q 0 0 0 rg BT 248.19 651.60 Td (captive ) Tj ET Q q 0 0 0 rg BT 279.86 651.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 322.08 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.31 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.32 651.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 384.33 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 395.46 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.47 651.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 457.13 651.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 522.69 651.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 639.60 Td (principle-based ) Tj ET Q q 0 0 0 rg BT 181.14 639.60 Td (reserving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 627.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 627.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 627.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 161.43 627.60 Td (of ) Tj ET Q q 0 0 0 rg BT 172.26 627.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 204.19 627.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 221.68 627.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 271.39 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 288.33 627.60 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 335.81 627.60 Td (demands ) Tj ET Q q 0 0 0 rg BT 373.86 627.60 Td (in ) Tj ET Q q 0 0 0 rg BT 384.14 627.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 412.74 627.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.57 627.60 Td (our ) Tj ET Q q 0 0 0 rg BT 439.40 627.60 Td (assumptions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 615.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 615.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 161.43 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 172.26 615.60 Td (market ) Tj ET Q q 0 0 0 rg BT 202.52 615.60 Td (and ) Tj ET Q q 0 0 0 rg BT 219.46 615.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 244.72 615.60 Td (risks;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 603.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 603.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 144.50 603.60 Td (market ) Tj ET Q q 0 0 0 rg BT 174.76 603.60 Td (volatility;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 591.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 591.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 142.26 591.60 Td (market ) Tj ET Q q 0 0 0 rg BT 172.53 591.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 211.14 591.60 Td (or ) Tj ET Q q 0 0 0 rg BT 221.97 591.60 Td (disruption; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 579.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 579.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 150.63 579.60 Td (in ) Tj ET Q q 0 0 0 rg BT 159.82 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.46 579.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 202.63 579.60 Td (income ) Tj ET Q q 0 0 0 rg BT 233.48 579.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 247.12 579.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 266.87 579.60 Td (and ) Tj ET Q q 0 0 0 rg BT 282.72 579.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 328.57 579.60 Td (which ) Tj ET Q q 0 0 0 rg BT 354.43 579.60 Td (may ) Tj ET Q q 0 0 0 rg BT 373.07 579.60 Td (af) Tj ET Q q 0 0 0 rg BT 380.65 579.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 397.06 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.69 579.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 442.09 579.60 Td (income ) Tj ET Q q 0 0 0 rg BT 472.94 579.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 486.58 579.60 Td (advantages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 567.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 567.60 Td (our ) Tj ET Q q 0 0 0 rg BT 143.66 567.60 Td (products; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 555.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 555.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 155.59 555.60 Td (in ) Tj ET Q q 0 0 0 rg BT 165.31 555.60 Td (our ) Tj ET Q q 0 0 0 rg BT 180.58 555.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 219.74 555.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 262.21 555.60 Td (against ) Tj ET Q q 0 0 0 rg BT 292.48 555.60 Td (our ) Tj ET Q q 0 0 0 rg BT 307.75 555.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 343.00 555.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 357.16 555.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 384.93 555.60 Td (and ) Tj ET Q q 0 0 0 rg BT 401.31 555.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 447.69 555.60 Td (on ) Tj ET Q q 0 0 0 rg BT 459.63 555.60 Td (our ) Tj ET Q q 0 0 0 rg BT 474.90 555.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 502.40 555.60 Td (to ) Tj ET Q q 0 0 0 rg BT 512.12 555.60 Td (fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 543.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 144.49 543.60 Td (such ) Tj ET Q q 0 0 0 rg BT 165.32 543.60 Td (assets; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 531.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 531.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 154.49 531.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 187.53 531.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 202.24 531.60 Td (consequences ) Tj ET Q q 0 0 0 rg BT 259.72 531.60 Td (if ) Tj ET Q q 0 0 0 rg BT 268.33 531.60 Td (we ) Tj ET Q q 0 0 0 rg BT 282.49 531.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 318.85 531.60 Td (passive ) Tj ET Q q 0 0 0 rg BT 350.79 531.60 Td (income ) Tj ET Q q 0 0 0 rg BT 382.72 531.60 Td (in ) Tj ET Q q 0 0 0 rg BT 393.00 531.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 421.60 531.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.43 531.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 472.69 531.60 Td (expenses; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 519.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 519.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.57 519.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 192.45 519.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.13 519.60 Td (third ) Tj ET Q q 0 0 0 rg BT 232.37 519.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 265.38 519.60 Td (including ) Tj ET Q q 0 0 0 rg BT 309.51 519.60 Td (third ) Tj ET Q q 0 0 0 rg BT 334.75 519.60 Td (party ) Tj ET Q q 0 0 0 rg BT 361.65 519.60 Td (administrators, ) Tj ET Q q 0 0 0 rg BT 427.72 519.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 482.94 519.60 Td (distributors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 507.60 Td (underwriters, ) Tj ET Q q 0 0 0 rg BT 172.54 507.60 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 209.46 507.60 Td (consultants ) Tj ET Q q 0 0 0 rg BT 256.95 507.60 Td (and ) Tj ET Q q 0 0 0 rg BT 273.89 507.60 Td (other ) Tj ET Q q 0 0 0 rg BT 296.94 507.60 Td (service ) Tj ET Q q 0 0 0 rg BT 327.75 507.60 Td (providers; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 495.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 495.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 495.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 149.78 495.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.61 495.60 Td (key ) Tj ET Q q 0 0 0 rg BT 177.55 495.60 Td (personnel; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 483.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 483.60 Td (interruption or other operational failures in telecommunication, information technology and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 471.60 Td (operational systems, or a failure to maintain the security) Tj ET Q q 0 0 0 rg BT 341.00 471.60 Td (, integrity) Tj ET Q q 0 0 0 rg BT 379.24 471.60 Td (, confidentiality or privacy of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 459.60 Td (sensitive data residing on such systems; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 447.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 447.60 Td (our exposure to unidentified or unanticipated risk not adequately addressed by our risk management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 435.60 Td (policies and procedures; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 423.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 423.60 Td (general economic conditions and other factors, including prevailing interest and unemployment rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 411.60 Td (levels and stock and credit market performance; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 399.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 399.60 Td (our ability to protect our intellectual property; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 387.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 387.60 Td (the impact on our business of natural and man-made catastrophes, pandemics, and malicious and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 375.60 Td (terrorist acts; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 363.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 363.60 Td (our ability to compete in a highly competitive industry;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 351.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 351.60 Td (our ability to maintain competitive policy expense costs; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 339.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 339.60 Td (adverse consequences if the independent contractor status of our insurance marketing or) Tj ET Q q 0 0 0 rg BT 469.19 339.60 Td (ganizations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 327.60 Td (\("IMOs"\) is successfully challenged; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 315.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 315.60 Td (our ability to attract and retain national marketing or) Tj ET Q q 0 0 0 rg BT 326.75 315.60 Td (ganizations and independent agents; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 303.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 303.60 Td (the inability of our subsidiaries and af) Tj ET Q q 0 0 0 rg BT 268.45 303.60 Td (filiates to generate suf) Tj ET Q q 0 0 0 rg BT 356.84 303.60 Td (ficient cash to service all of their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 291.60 Td (obligations; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 279.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 279.60 Td (conflicts of interest between HRG Group Inc. or its af) Tj ET Q q 0 0 0 rg BT 332.31 279.60 Td (filiates, including Front Street Re \(Cayman\) Ltd. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 267.60 Td (\(FSRCI\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 255.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 255.60 Td (the impact of non-performance of loans originated by Salus Capital Partners, LLC \("Salus"\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 243.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 243.60 Td (our subsidiaries) Tj ET Q q 0 0 0 rg BT 182.63 243.60 Td ( ability to pay dividends to us; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 231.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 231.60 Td (the ability to maintain or obtain approval of Iowa Insurance Division \("IID"\) and other regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 219.60 Td (authorities as required for our operations and those of our insurance subsidiaries; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 207.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 207.60 Td (the other factors discussed in Risk Factors, of \(Part I, Item 1A) Tj ET Q q 0 0 0 rg BT 373.33 207.60 Td ( of this Form 10-K\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 188.60 Td (Y) Tj ET Q q 0 0 0 rg BT 111.22 188.60 Td (ou ) Tj ET Q q 0 0 0 rg BT 122.85 188.60 Td (should ) Tj ET Q q 0 0 0 rg BT 151.14 188.60 Td (read ) Tj ET Q q 0 0 0 rg BT 169.98 188.60 Td (this ) Tj ET Q q 0 0 0 rg BT 186.05 188.60 Td (report ) Tj ET Q q 0 0 0 rg BT 211.55 188.60 Td (completely ) Tj ET Q q 0 0 0 rg BT 257.61 188.60 Td (and ) Tj ET Q q 0 0 0 rg BT 273.67 188.60 Td (with ) Tj ET Q q 0 0 0 rg BT 293.08 188.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.92 188.60 Td (understanding ) Tj ET Q q 0 0 0 rg BT 365.20 188.60 Td (that ) Tj ET Q q 0 0 0 rg BT 381.82 188.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 407.32 188.60 Td (future ) Tj ET Q q 0 0 0 rg BT 432.82 188.60 Td (results ) Tj ET Q q 0 0 0 rg BT 460.56 188.60 Td (may ) Tj ET Q q 0 0 0 rg BT 479.40 188.60 Td (be ) Tj ET Q q 0 0 0 rg BT 490.46 188.60 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 176.60 Td (dif) Tj ET Q q 0 0 0 rg BT 91.93 176.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 117.79 176.60 Td (from ) Tj ET Q q 0 0 0 rg BT 139.77 176.60 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 194.23 176.60 Td (All ) Tj ET Q q 0 0 0 rg BT 209.55 176.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 277.64 176.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 322.39 176.60 Td (made ) Tj ET Q q 0 0 0 rg BT 346.59 176.60 Td (in ) Tj ET Q q 0 0 0 rg BT 356.91 176.60 Td (this ) Tj ET Q q 0 0 0 rg BT 373.91 176.60 Td (report ) Tj ET Q q 0 0 0 rg BT 400.33 176.60 Td (are ) Tj ET Q q 0 0 0 rg BT 415.08 176.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 453.16 176.60 Td (by ) Tj ET Q q 0 0 0 rg BT 465.71 176.60 Td (these ) Tj ET Q q 0 0 0 rg BT 488.80 176.60 Td (cautionary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 164.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 127.86 164.60 Td (These ) Tj ET Q q 0 0 0 rg BT 154.06 164.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 221.91 164.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 266.44 164.60 Td (are ) Tj ET Q q 0 0 0 rg BT 280.96 164.60 Td (made ) Tj ET Q q 0 0 0 rg BT 304.93 164.60 Td (only ) Tj ET Q q 0 0 0 rg BT 325.03 164.60 Td (as ) Tj ET Q q 0 0 0 rg BT 335.68 164.60 Td (of ) Tj ET Q q 0 0 0 rg BT 346.32 164.60 Td (the ) Tj ET Q q 0 0 0 rg BT 360.86 164.60 Td (date ) Tj ET Q q 0 0 0 rg BT 379.83 164.60 Td (of ) Tj ET Q q 0 0 0 rg BT 390.48 164.60 Td (this ) Tj ET Q q 0 0 0 rg BT 407.24 164.60 Td (report ) Tj ET Q q 0 0 0 rg BT 433.44 164.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.19 164.60 Td (we ) Tj ET Q q 0 0 0 rg BT 464.17 164.60 Td (do ) Tj ET Q q 0 0 0 rg BT 476.48 164.60 Td (not ) Tj ET Q q 0 0 0 rg BT 491.58 164.60 Td (undertake ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.60 Td (any ) Tj ET Q q 0 0 0 rg BT 97.55 152.60 Td (obligation, ) Tj ET Q q 0 0 0 rg BT 142.71 152.60 Td (other ) Tj ET Q q 0 0 0 rg BT 165.37 152.60 Td (than ) Tj ET Q q 0 0 0 rg BT 184.70 152.60 Td (as ) Tj ET Q q 0 0 0 rg BT 195.14 152.60 Td (may ) Tj ET Q q 0 0 0 rg BT 214.47 152.60 Td (be ) Tj ET Q q 0 0 0 rg BT 226.02 152.60 Td (required ) Tj ET Q q 0 0 0 rg BT 261.45 152.60 Td (by ) Tj ET Q q 0 0 0 rg BT 273.56 152.60 Td (law) Tj ET Q q 0 0 0 rg BT 287.35 152.60 Td (, ) Tj ET Q q 0 0 0 rg BT 291.96 152.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.85 152.60 Td (update ) Tj ET Q q 0 0 0 rg BT 330.62 152.60 Td (or ) Tj ET Q q 0 0 0 rg BT 341.06 152.60 Td (revise ) Tj ET Q q 0 0 0 rg BT 367.05 152.60 Td (any ) Tj ET Q q 0 0 0 rg BT 383.60 152.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 451.25 152.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 495.57 152.60 Td (to ) Tj ET Q q 0 0 0 rg BT 505.46 152.60 Td (reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.60 Td (future ) Tj ET Q q 0 0 0 rg BT 106.76 140.60 Td (events ) Tj ET Q q 0 0 0 rg BT 134.20 140.60 Td (or ) Tj ET Q q 0 0 0 rg BT 144.42 140.60 Td (developments. ) Tj ET Q q 0 0 0 rg BT 204.34 140.60 Td (Comparisons ) Tj ET Q q 0 0 0 rg BT 259.01 140.60 Td (of ) Tj ET Q q 0 0 0 rg BT 269.23 140.60 Td (results ) Tj ET Q q 0 0 0 rg BT 297.22 140.60 Td (for ) Tj ET Q q 0 0 0 rg BT 310.77 140.60 Td (current ) Tj ET Q q 0 0 0 rg BT 340.97 140.60 Td (and ) Tj ET Q q 0 0 0 rg BT 357.30 140.60 Td (any ) Tj ET Q q 0 0 0 rg BT 373.62 140.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 394.95 140.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 426.28 140.60 Td (are ) Tj ET Q q 0 0 0 rg BT 440.37 140.60 Td (not ) Tj ET Q q 0 0 0 rg BT 455.04 140.60 Td (intended ) Tj ET Q q 0 0 0 rg BT 491.36 140.60 Td (to ) Tj ET Q q 0 0 0 rg BT 501.02 140.60 Td (express ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 128.60 Td (any ) Tj ET Q q 0 0 0 rg BT 98.27 128.60 Td (future ) Tj ET Q q 0 0 0 rg BT 124.98 128.60 Td (trends, ) Tj ET Q q 0 0 0 rg BT 154.76 128.60 Td (or ) Tj ET Q q 0 0 0 rg BT 165.92 128.60 Td (indications ) Tj ET Q q 0 0 0 rg BT 212.64 128.60 Td (of ) Tj ET Q q 0 0 0 rg BT 223.80 128.60 Td (future ) Tj ET Q q 0 0 0 rg BT 250.51 128.60 Td (performance, ) Tj ET Q q 0 0 0 rg BT 306.37 128.60 Td (unless ) Tj ET Q q 0 0 0 rg BT 334.21 128.60 Td (expressed ) Tj ET Q q 0 0 0 rg BT 376.47 128.60 Td (as ) Tj ET Q q 0 0 0 rg BT 387.63 128.60 Td (such, ) Tj ET Q q 0 0 0 rg BT 411.30 128.60 Td (and ) Tj ET Q q 0 0 0 rg BT 428.57 128.60 Td (should ) Tj ET Q q 0 0 0 rg BT 458.08 128.60 Td (only ) Tj ET Q q 0 0 0 rg BT 478.69 128.60 Td (be ) Tj ET Q q 0 0 0 rg BT 490.96 128.60 Td (viewed ) Tj ET Q q 0 0 0 rg BT 522.67 128.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 116.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 120.71 116.60 Td (data. ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 38.10 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Item1. ) Tj ET Q q 0 0 0 rg BT 113.49 735.75 Td ( ) Tj ET Q q 0 0 0 rg BT 115.99 735.75 Td ( ) Tj ET Q q 0 0 0 rg BT 118.49 735.75 Td (Business) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 81 713.18505859375 m 122.09375 713.18505859375 l s q 0 0 0 rg BT 81.00 714.75 Td (Overview) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 693.75 Td (Our) Tj ET Q q 0 0 0 rg BT 98.60 693.75 Td ( ) Tj ET Q q 0 0 0 rg BT 101.10 693.75 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 677.25 Td (On ) Tj ET Q q 0 0 0 rg BT 115.45 677.25 Td (November ) Tj ET Q q 0 0 0 rg BT 161.89 677.25 Td (8, ) Tj ET Q q 0 0 0 rg BT 173.62 677.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 200.35 677.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 218.87 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.10 677.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 256.76 677.25 Td (into ) Tj ET Q q 0 0 0 rg BT 276.54 677.25 Td (an ) Tj ET Q q 0 0 0 rg BT 289.28 677.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 337.93 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.60 677.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 378.61 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.17 677.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 407.65 677.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 424.65 677.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 440.54 677.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 480.86 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.31 677.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.23 677.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 665.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 132.43 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.43 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.22 665.25 Td (mer) Tj ET Q q 0 0 0 rg BT 179.58 665.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 194.92 665.25 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 251.35 665.25 Td (thereby) Tj ET Q q 0 0 0 rg BT 280.69 665.25 Td (, ) Tj ET Q q 0 0 0 rg BT 285.75 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.53 665.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 321.45 665.25 Td (ger\), ) Tj ET Q q 0 0 0 rg BT 347.05 665.25 Td (by ) Tj ET Q q 0 0 0 rg BT 359.62 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.63 665.25 Td (among ) Tj ET Q q 0 0 0 rg BT 406.41 665.25 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 429.80 665.25 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 464.02 665.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 505.46 665.25 Td (Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 653.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 99.84 653.25 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 120.89 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 127.50 653.25 Td (joint-stock ) Tj ET Q q 0 0 0 rg BT 172.44 653.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 212.92 653.25 Td (company ) Tj ET Q q 0 0 0 rg BT 251.75 653.25 Td (established ) Tj ET Q q 0 0 0 rg BT 298.35 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 308.29 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.68 653.25 Td (People) Tj ET Q q 0 0 0 rg BT 352.67 653.25 Td (s ) Tj ET Q q 0 0 0 rg BT 358.73 653.25 Td (Republic ) Tj ET Q q 0 0 0 rg BT 397.01 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.50 653.25 Td (China ) Tj ET Q q 0 0 0 rg BT 433.56 653.25 Td (\(Anbang\), ) Tj ET Q q 0 0 0 rg BT 484.95 653.25 Td (AB ) Tj ET Q q 0 0 0 rg BT 501.00 653.25 Td (Infinity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 641.25 Td (Holding, ) Tj ET Q q 0 0 0 rg BT 118.40 641.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 138.29 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 144.85 641.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 185.27 641.25 Td (corporation ) Tj ET Q q 0 0 0 rg BT 233.49 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.05 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 256.61 641.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 316.50 641.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 359.72 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.71 641.25 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 403.49 641.25 Td (\(AB ) Tj ET Q q 0 0 0 rg BT 427.27 641.25 Td (Infinity\), ) Tj ET Q q 0 0 0 rg BT 469.65 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.74 641.25 Td (AB ) Tj ET Q q 0 0 0 rg BT 501.76 641.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.23 641.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 629.25 Td (Sub, ) Tj ET Q q 0 0 0 rg BT 101.54 629.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 121.80 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 128.72 629.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 169.51 629.25 Td (corporation ) Tj ET Q q 0 0 0 rg BT 218.08 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.00 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 241.93 629.25 Td (newly ) Tj ET Q q 0 0 0 rg BT 268.85 629.25 Td (formed, ) Tj ET Q q 0 0 0 rg BT 302.71 629.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 362.96 629.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 406.55 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.81 629.25 Td (AB ) Tj ET Q q 0 0 0 rg BT 433.19 629.25 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 465.67 629.25 Td (\(Mer) Tj ET Q q 0 0 0 rg BT 489.92 629.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 505.17 629.25 Td (Sub\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 617.25 Td (which ) Tj ET Q q 0 0 0 rg BT 107.37 617.25 Td (was ) Tj ET Q q 0 0 0 rg BT 124.85 617.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 162.88 617.25 Td (on ) Tj ET Q q 0 0 0 rg BT 174.81 617.25 Td (November ) Tj ET Q q 0 0 0 rg BT 218.95 617.25 Td (3, ) Tj ET Q q 0 0 0 rg BT 228.38 617.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 252.81 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.52 617.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 291.10 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.25 617.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 336.07 617.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 384.10 617.25 Td (date ) Tj ET Q q 0 0 0 rg BT 402.69 617.25 Td (for ) Tj ET Q q 0 0 0 rg BT 416.28 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.43 617.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 477.35 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.61 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.76 617.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.24 617.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 605.25 Td (from ) Tj ET Q q 0 0 0 rg BT 102.94 605.25 Td (November ) Tj ET Q q 0 0 0 rg BT 147.65 605.25 Td (7, ) Tj ET Q q 0 0 0 rg BT 157.65 605.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 180.15 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.42 605.25 Td (February ) Tj ET Q q 0 0 0 rg BT 229.02 605.25 Td (8, ) Tj ET Q q 0 0 0 rg BT 239.02 605.25 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 584.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 142.21 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.20 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.63 584.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 183.11 584.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 197.60 584.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 246.73 584.25 Td (at ) Tj ET Q q 0 0 0 rg BT 256.16 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.59 584.25 Td (ef) Tj ET Q q 0 0 0 rg BT 278.18 584.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 307.59 584.25 Td (time ) Tj ET Q q 0 0 0 rg BT 327.57 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.12 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.54 584.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 369.02 584.25 Td (ger) Tj ET Q q 0 0 0 rg BT 381.39 584.25 Td (, ) Tj ET Q q 0 0 0 rg BT 386.10 584.25 Td (each ) Tj ET Q q 0 0 0 rg BT 406.63 584.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 433.84 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.49 584.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 499.36 584.25 Td (share ) Tj ET Q q 0 0 0 rg BT 522.67 584.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 572.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 572.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.74 572.25 Td (common ) Tj ET Q q 0 0 0 rg BT 138.95 572.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 162.28 572.25 Td (will ) Tj ET Q q 0 0 0 rg BT 180.06 572.25 Td (be ) Tj ET Q q 0 0 0 rg BT 191.72 572.25 Td (canceled ) Tj ET Q q 0 0 0 rg BT 228.91 572.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.56 572.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 287.21 572.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 343.85 572.25 Td (into ) Tj ET Q q 0 0 0 rg BT 361.63 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.06 572.25 Td (right ) Tj ET Q q 0 0 0 rg BT 397.17 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.16 572.25 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.25 572.25 Td ($26.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.75 572.25 Td ( ) Tj ET Q q 0 0 0 rg BT 467.97 572.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.96 572.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 500.45 572.25 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 560.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 114.71 560.25 Td (other ) Tj ET Q q 0 0 0 rg BT 137.02 560.25 Td (than ) Tj ET Q q 0 0 0 rg BT 156.01 560.25 Td (any ) Tj ET Q q 0 0 0 rg BT 172.22 560.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 198.98 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.08 560.25 Td (common ) Tj ET Q q 0 0 0 rg BT 245.85 560.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 268.73 560.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 297.16 560.25 Td (by ) Tj ET Q q 0 0 0 rg BT 308.93 560.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 327.46 560.25 Td ( ) Tj ET Q q 0 0 0 rg BT 329.23 560.25 Td (as ) Tj ET Q q 0 0 0 rg BT 339.33 560.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 373.31 560.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 396.19 560.25 Td (or ) Tj ET Q q 0 0 0 rg BT 406.29 560.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 446.94 560.25 Td (or ) Tj ET Q q 0 0 0 rg BT 457.04 560.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 485.47 560.25 Td (by ) Tj ET Q q 0 0 0 rg BT 496.85 560.25 Td (Anbang, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 548.25 Td (AB ) Tj ET Q q 0 0 0 rg BT 97.35 548.25 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 129.80 548.25 Td (or ) Tj ET Q q 0 0 0 rg BT 140.59 548.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 157.07 548.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 172.30 548.25 Td (Sub ) Tj ET Q q 0 0 0 rg BT 190.32 548.25 Td (\(which ) Tj ET Q q 0 0 0 rg BT 220.55 548.25 Td (will ) Tj ET Q q 0 0 0 rg BT 238.56 548.25 Td (be ) Tj ET Q q 0 0 0 rg BT 250.46 548.25 Td (canceled ) Tj ET Q q 0 0 0 rg BT 287.89 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.78 548.25 Td (no ) Tj ET Q q 0 0 0 rg BT 317.24 548.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 354.13 548.25 Td (will ) Tj ET Q q 0 0 0 rg BT 372.15 548.25 Td (be ) Tj ET Q q 0 0 0 rg BT 384.05 548.25 Td (made ) Tj ET Q q 0 0 0 rg BT 408.16 548.25 Td (with ) Tj ET Q q 0 0 0 rg BT 428.40 548.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 459.17 548.25 Td (thereto\), ) Tj ET Q q 0 0 0 rg BT 495.22 548.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 522.67 548.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 536.25 Td (common ) Tj ET Q q 0 0 0 rg BT 119.04 536.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 143.20 536.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 176.24 536.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 213.72 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.55 536.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 242.53 536.25 Td () Tj ET Q q 0 0 0 rg BT 245.30 536.25 Td (s ) Tj ET Q q 0 0 0 rg BT 252.25 536.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 294.17 536.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 322.21 536.25 Td (award ) Tj ET Q q 0 0 0 rg BT 349.69 536.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 369.96 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.44 536.25 Td (those ) Tj ET Q q 0 0 0 rg BT 411.60 536.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 439.64 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.02 536.25 Td (common ) Tj ET Q q 0 0 0 rg BT 489.06 536.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 513.22 536.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 524.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 112.93 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.33 524.25 Td (which ) Tj ET Q q 0 0 0 rg BT 152.38 524.25 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 192.09 524.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 218.48 524.25 Td (under ) Tj ET Q q 0 0 0 rg BT 244.87 524.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 286.79 524.25 Td (law ) Tj ET Q q 0 0 0 rg BT 304.84 524.25 Td (are ) Tj ET Q q 0 0 0 rg BT 320.67 524.25 Td (properly ) Tj ET Q q 0 0 0 rg BT 358.16 524.25 Td (exercised ) Tj ET Q q 0 0 0 rg BT 399.53 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.58 524.25 Td (not ) Tj ET Q q 0 0 0 rg BT 433.98 524.25 Td (withdrawn. ) Tj ET Q q 0 0 0 rg BT 482.60 524.25 Td (The ) Tj ET Q q 0 0 0 rg BT 501.76 524.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.24 524.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 512.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 127.76 512.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 160.09 512.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 178.61 512.25 Td ( ) Tj ET Q q 0 0 0 rg BT 180.94 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.05 512.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 207.83 512.25 Td (out ) Tj ET Q q 0 0 0 rg BT 222.94 512.25 Td (a ) Tj ET Q q 0 0 0 rg BT 229.71 512.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 260.36 512.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 298.79 512.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 318.89 512.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 356.22 512.25 Td (on ) Tj ET Q q 0 0 0 rg BT 368.55 512.25 Td (its ) Tj ET Q q 0 0 0 rg BT 380.34 512.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 419.90 512.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 445.01 512.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 466.78 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.89 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.44 512.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 522.67 512.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.96 500.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 142.58 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.11 500.25 Td (an ) Tj ET Q q 0 0 0 rg BT 165.29 500.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 198.03 500.25 Td (not ) Tj ET Q q 0 0 0 rg BT 213.56 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.08 500.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 252.93 500.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.01 500.25 Td ($0.065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.51 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 294.25 500.25 Td (per ) Tj ET Q q 0 0 0 rg BT 309.77 500.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 336.11 500.25 Td (per ) Tj ET Q q 0 0 0 rg BT 351.63 500.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 382.69 500.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 400.98 500.25 Td (per ) Tj ET Q q 0 0 0 rg BT 416.50 500.25 Td (share ) Tj ET Q q 0 0 0 rg BT 440.34 500.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 473.08 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.16 500.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 502.14 500.25 Td () Tj ET Q q 0 0 0 rg BT 504.91 500.25 Td (s ) Tj ET Q q 0 0 0 rg BT 511.55 500.25 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 488.25 Td (recently ) Tj ET Q q 0 0 0 rg BT 115.70 488.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 152.06 488.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 190.66 488.25 Td (dividend\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 467.25 Td (At ) Tj ET Q q 0 0 0 rg BT 117.19 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.60 467.25 Td (ef) Tj ET Q q 0 0 0 rg BT 139.18 467.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 168.58 467.25 Td (time ) Tj ET Q q 0 0 0 rg BT 188.54 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.06 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.47 467.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 229.95 467.25 Td (ger) Tj ET Q q 0 0 0 rg BT 242.31 467.25 Td (, ) Tj ET Q q 0 0 0 rg BT 247.00 467.25 Td (each ) Tj ET Q q 0 0 0 rg BT 267.51 467.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 279.14 467.25 Td (option ) Tj ET Q q 0 0 0 rg BT 306.88 467.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.85 467.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 354.58 467.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 381.76 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.28 467.25 Td (common ) Tj ET Q q 0 0 0 rg BT 429.47 467.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 452.76 467.25 Td (\(a ) Tj ET Q q 0 0 0 rg BT 462.72 467.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 508.24 467.25 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 455.25 Td (Option\) ) Tj ET Q q 0 0 0 rg BT 119.46 455.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.82 455.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 151.95 455.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 192.07 455.25 Td (share ) Tj ET Q q 0 0 0 rg BT 216.09 455.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.34 455.25 Td (common ) Tj ET Q q 0 0 0 rg BT 265.25 455.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 291.78 455.25 Td (in ) Tj ET Q q 0 0 0 rg BT 302.47 455.25 Td (each ) Tj ET Q q 0 0 0 rg BT 323.71 455.25 Td (case ) Tj ET Q q 0 0 0 rg BT 343.83 455.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 378.95 455.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 407.42 455.25 Td (or ) Tj ET Q q 0 0 0 rg BT 418.67 455.25 Td (unvested, ) Tj ET Q q 0 0 0 rg BT 459.63 455.25 Td (will ) Tj ET Q q 0 0 0 rg BT 478.10 455.25 Td (become ) Tj ET Q q 0 0 0 rg BT 512.12 455.25 Td (fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 443.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 108.72 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.33 443.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 181.93 443.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 223.52 443.25 Td (into ) Tj ET Q q 0 0 0 rg BT 241.25 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.64 443.25 Td (right ) Tj ET Q q 0 0 0 rg BT 276.70 443.25 Td (to ) Tj ET Q q 0 0 0 rg BT 286.65 443.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 317.69 443.25 Td (a ) Tj ET Q q 0 0 0 rg BT 324.30 443.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 344.24 443.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 380.85 443.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 404.68 443.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.63 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.02 443.25 Td (product ) Tj ET Q q 0 0 0 rg BT 461.74 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.24 443.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 486.07 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.46 443.25 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 431.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.47 431.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 118.61 431.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 149.08 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.00 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.36 431.25 Td (award ) Tj ET Q q 0 0 0 rg BT 199.93 431.25 Td (\(for ) Tj ET Q q 0 0 0 rg BT 217.06 431.25 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 245.05 431.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 292.18 431.25 Td (at ) Tj ET Q q 0 0 0 rg BT 301.54 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.90 431.25 Td (tar) Tj ET Q q 0 0 0 rg BT 326.26 431.25 Td (get ) Tj ET Q q 0 0 0 rg BT 340.62 431.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 393.29 431.25 Td (level\) ) Tj ET Q q 0 0 0 rg BT 418.20 431.25 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 461.45 431.25 Td (by ) Tj ET Q q 0 0 0 rg BT 473.59 431.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 487.40 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.76 431.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.24 431.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 419.25 Td (Consideration ) Tj ET Q q 0 0 0 rg BT 138.91 419.25 Td (\(less ) Tj ET Q q 0 0 0 rg BT 159.04 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.06 419.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 207.61 419.25 Td (price ) Tj ET Q q 0 0 0 rg BT 229.40 419.25 Td (per ) Tj ET Q q 0 0 0 rg BT 243.97 419.25 Td (share ) Tj ET Q q 0 0 0 rg BT 266.87 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.45 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.47 419.25 Td (case ) Tj ET Q q 0 0 0 rg BT 309.48 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.61 419.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 360.30 419.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 384.88 419.25 Td (Options\). ) Tj ET Q q 0 0 0 rg BT 424.18 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.98 419.25 Td (In ) Tj ET Q q 0 0 0 rg BT 436.11 419.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 473.19 419.25 Td (at ) Tj ET Q q 0 0 0 rg BT 482.21 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.22 419.25 Td (ef) Tj ET Q q 0 0 0 rg BT 503.81 419.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 407.25 Td (time ) Tj ET Q q 0 0 0 rg BT 100.56 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.67 407.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.67 407.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 141.15 407.25 Td (ger) Tj ET Q q 0 0 0 rg BT 153.51 407.25 Td (, ) Tj ET Q q 0 0 0 rg BT 157.80 407.25 Td (each ) Tj ET Q q 0 0 0 rg BT 177.89 407.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 200.79 407.25 Td (option ) Tj ET Q q 0 0 0 rg BT 228.12 407.25 Td (\(FGLH ) Tj ET Q q 0 0 0 rg BT 263.79 407.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 288.35 407.25 Td (Option\) ) Tj ET Q q 0 0 0 rg BT 325.68 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.90 407.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 380.88 407.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 403.77 407.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 421.11 407.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 453.44 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.00 407.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 489.77 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.88 407.25 Td (Fidelity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 395.25 Td (& ) Tj ET Q q 0 0 0 rg BT 91.60 395.25 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 131.64 395.25 Td (Life ) Tj ET Q q 0 0 0 rg BT 151.12 395.25 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 193.12 395.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 213.71 395.25 Td (a ) Tj ET Q q 0 0 0 rg BT 220.97 395.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 264.91 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.07 395.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 294.59 395.25 Td ( ) Tj ET Q q 0 0 0 rg BT 297.41 395.25 Td (\(FGLH\), ) Tj ET Q q 0 0 0 rg BT 344.39 395.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 379.42 395.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 407.79 395.25 Td (or ) Tj ET Q q 0 0 0 rg BT 418.95 395.25 Td (unvested, ) Tj ET Q q 0 0 0 rg BT 459.82 395.25 Td (will ) Tj ET Q q 0 0 0 rg BT 478.21 395.25 Td (become ) Tj ET Q q 0 0 0 rg BT 512.13 395.25 Td (fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 383.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 108.60 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.10 383.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 181.58 383.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 223.06 383.25 Td (into ) Tj ET Q q 0 0 0 rg BT 240.67 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.94 383.25 Td (right ) Tj ET Q q 0 0 0 rg BT 275.88 383.25 Td (to ) Tj ET Q q 0 0 0 rg BT 285.72 383.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 316.63 383.25 Td (a ) Tj ET Q q 0 0 0 rg BT 323.13 383.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 342.95 383.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 379.44 383.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 403.15 383.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.99 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.26 383.25 Td (product ) Tj ET Q q 0 0 0 rg BT 459.86 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.25 383.25 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 486.19 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.46 383.25 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.54 371.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 118.75 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.29 371.25 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 157.62 371.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 180.94 371.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 211.48 371.25 Td (to ) Tj ET Q q 0 0 0 rg BT 221.48 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.91 371.25 Td (award ) Tj ET Q q 0 0 0 rg BT 262.55 371.25 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 305.87 371.25 Td (by ) Tj ET Q q 0 0 0 rg BT 318.09 371.25 Td (\(B\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.42 371.25 Td ($152.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.92 371.25 Td ( ) Tj ET Q q 0 0 0 rg BT 366.13 371.25 Td (\(less ) Tj ET Q q 0 0 0 rg BT 386.68 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.11 371.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 436.08 371.25 Td (price ) Tj ET Q q 0 0 0 rg BT 458.28 371.25 Td (in ) Tj ET Q q 0 0 0 rg BT 468.27 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.70 371.25 Td (case ) Tj ET Q q 0 0 0 rg BT 502.12 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.67 371.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 359.25 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 109.16 359.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 133.98 359.25 Td (Options\), ) Tj ET Q q 0 0 0 rg BT 173.53 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.01 359.25 Td (each ) Tj ET Q q 0 0 0 rg BT 210.37 359.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 247.41 359.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 291.11 359.25 Td (held ) Tj ET Q q 0 0 0 rg BT 310.37 359.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.19 359.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 350.55 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.93 359.25 Td (a ) Tj ET Q q 0 0 0 rg BT 367.41 359.25 Td (share ) Tj ET Q q 0 0 0 rg BT 390.55 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.93 359.25 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 429.09 359.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 452.24 359.25 Td (\(a ) Tj ET Q q 0 0 0 rg BT 462.05 359.25 Td (DER\), ) Tj ET Q q 0 0 0 rg BT 498.80 359.25 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 347.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 108.83 347.25 Td (or ) Tj ET Q q 0 0 0 rg BT 119.44 347.25 Td (unvested, ) Tj ET Q q 0 0 0 rg BT 159.76 347.25 Td (will ) Tj ET Q q 0 0 0 rg BT 177.60 347.25 Td (become ) Tj ET Q q 0 0 0 rg BT 210.98 347.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 232.14 347.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 259.97 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.69 347.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 333.39 347.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 375.10 347.25 Td (into ) Tj ET Q q 0 0 0 rg BT 392.93 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.43 347.25 Td (right ) Tj ET Q q 0 0 0 rg BT 428.60 347.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.66 347.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 469.80 347.25 Td (a ) Tj ET Q q 0 0 0 rg BT 476.52 347.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 496.57 347.25 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 335.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 105.16 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.43 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.15 335.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 162.65 335.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 196.23 335.25 Td (with ) Tj ET Q q 0 0 0 rg BT 216.51 335.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 247.32 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.60 335.25 Td (such ) Tj ET Q q 0 0 0 rg BT 278.43 335.25 Td (DER.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 314.25 Td (On ) Tj ET Q q 0 0 0 rg BT 122.20 314.25 Td (November ) Tj ET Q q 0 0 0 rg BT 166.39 314.25 Td (8, ) Tj ET Q q 0 0 0 rg BT 175.87 314.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 200.34 314.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 213.45 314.25 Td (Holdco ) Tj ET Q q 0 0 0 rg BT 244.86 314.25 Td (II ) Tj ET Q q 0 0 0 rg BT 253.50 314.25 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 274.37 314.25 Td (a ) Tj ET Q q 0 0 0 rg BT 280.79 314.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 340.53 314.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 383.62 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.93 314.25 Td (HRG ) Tj ET Q q 0 0 0 rg BT 417.02 314.25 Td (Group, ) Tj ET Q q 0 0 0 rg BT 447.05 314.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 464.30 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.72 314.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 505.46 314.25 Td (holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 302.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.46 302.25 Td (47,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.46 302.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.59 302.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 165.70 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.16 302.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 194.14 302.25 Td () Tj ET Q q 0 0 0 rg BT 196.91 302.25 Td (s ) Tj ET Q q 0 0 0 rg BT 202.93 302.25 Td (common ) Tj ET Q q 0 0 0 rg BT 240.06 302.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 263.29 302.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 314.84 302.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.73 302.25 Td (81%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.06 302.25 Td ( ) Tj ET Q q 0 0 0 rg BT 395.19 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.65 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.99 302.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 468.79 302.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 495.90 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 506.36 302.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 524.33 302.25 Td () Tj ET Q q 0 0 0 rg BT 527.11 302.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 290.25 Td (common ) Tj ET Q q 0 0 0 rg BT 119.56 290.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 146.73 290.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 187.49 290.25 Td (a ) Tj ET Q q 0 0 0 rg BT 195.49 290.25 Td (written ) Tj ET Q q 0 0 0 rg BT 227.37 290.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 261.48 290.25 Td (adopting, ) Tj ET Q q 0 0 0 rg BT 302.54 290.25 Td (authorizing, ) Tj ET Q q 0 0 0 rg BT 354.14 290.25 Td (accepting ) Tj ET Q q 0 0 0 rg BT 396.01 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.01 290.25 Td (approving ) Tj ET Q q 0 0 0 rg BT 458.12 290.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.46 290.25 Td (all ) Tj ET Q q 0 0 0 rg BT 483.02 290.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 518.78 290.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 278.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 97.48 278.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 112.22 278.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 159.17 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 176.14 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.89 278.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 241.19 278.25 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 297.58 278.25 Td (thereby) Tj ET Q q 0 0 0 rg BT 326.92 278.25 Td (, ) Tj ET Q q 0 0 0 rg BT 331.95 278.25 Td (including ) Tj ET Q q 0 0 0 rg BT 372.25 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.00 278.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 403.48 278.25 Td (ger) Tj ET Q q 0 0 0 rg BT 415.70 278.25 Td (. ) Tj ET Q q 0 0 0 rg BT 420.55 278.25 Td (The ) Tj ET Q q 0 0 0 rg BT 438.62 278.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 476.15 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.01 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.76 278.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.24 278.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 127.56 266.25 Td (by ) Tj ET Q q 0 0 0 rg BT 139.69 266.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 157.66 266.25 Td () Tj ET Q q 0 0 0 rg BT 160.44 266.25 Td (s ) Tj ET Q q 0 0 0 rg BT 166.46 266.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 219.14 266.25 Td (required ) Tj ET Q q 0 0 0 rg BT 254.59 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.93 266.25 Td (af) Tj ET Q q 0 0 0 rg BT 276.52 266.25 Td (firmative ) Tj ET Q q 0 0 0 rg BT 315.30 266.25 Td (vote ) Tj ET Q q 0 0 0 rg BT 334.65 266.25 Td (or ) Tj ET Q q 0 0 0 rg BT 345.11 266.25 Td (written ) Tj ET Q q 0 0 0 rg BT 375.57 266.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 408.25 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.71 266.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 450.28 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.74 266.25 Td (at ) Tj ET Q q 0 0 0 rg BT 470.09 266.25 Td (least ) Tj ET Q q 0 0 0 rg BT 490.55 266.25 Td (a ) Tj ET Q q 0 0 0 rg BT 497.12 266.25 Td (majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.55 254.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 155.71 254.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 183.20 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.03 254.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 212.01 254.25 Td () Tj ET Q q 0 0 0 rg BT 214.78 254.25 Td (s ) Tj ET Q q 0 0 0 rg BT 221.18 254.25 Td (common ) Tj ET Q q 0 0 0 rg BT 258.67 254.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 284.78 254.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 230.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 142.65 230.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.07 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.93 230.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 184.41 230.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 199.25 230.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 248.82 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.68 230.25 Td (consummation ) Tj ET Q q 0 0 0 rg BT 325.21 230.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.18 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.05 230.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 367.53 230.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 382.94 230.25 Td (is ) Tj ET Q q 0 0 0 rg BT 392.26 230.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 423.23 230.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.65 230.25 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 481.84 230.25 Td (or ) Tj ET Q q 0 0 0 rg BT 492.82 230.25 Td (waiver ) Tj ET Q q 0 0 0 rg BT 522.67 230.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 218.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 110.07 218.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 140.83 218.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 186.87 218.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 229.02 218.25 Td (among ) Tj ET Q q 0 0 0 rg BT 258.11 218.25 Td (others: ) Tj ET Q q 0 0 0 rg BT 287.20 218.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 298.51 218.25 Td (an ) Tj ET Q q 0 0 0 rg BT 309.82 218.25 Td (information ) Tj ET Q q 0 0 0 rg BT 358.90 218.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 399.10 218.25 Td (with ) Tj ET Q q 0 0 0 rg BT 418.75 218.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 448.93 218.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.59 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.67 218.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 489.15 218.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 503.80 218.25 Td (having ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 206.25 Td (been ) Tj ET Q q 0 0 0 rg BT 102.50 206.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 123.44 206.25 Td (cleared ) Tj ET Q q 0 0 0 rg BT 154.93 206.25 Td (by ) Tj ET Q q 0 0 0 rg BT 167.55 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.39 206.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 203.35 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.41 206.25 Td (having ) Tj ET Q q 0 0 0 rg BT 250.25 206.25 Td (been ) Tj ET Q q 0 0 0 rg BT 271.74 206.25 Td (sent ) Tj ET Q q 0 0 0 rg BT 290.47 206.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.87 206.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 354.04 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.99 206.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 383.51 206.25 Td ( ) Tj ET Q q 0 0 0 rg BT 386.13 206.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 399.86 206.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 447.44 206.25 Td (with ) Tj ET Q q 0 0 0 rg BT 467.84 206.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 514.35 206.25 Td (14C ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 194.25 Td (under ) Tj ET Q q 0 0 0 rg BT 106.42 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.29 194.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 163.37 194.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 204.86 194.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 221.95 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.93 194.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 258.09 194.25 Td (as ) Tj ET Q q 0 0 0 rg BT 269.07 194.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 307.81 194.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 326.01 194.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 371.94 194.25 Td (Act\)\) ) Tj ET Q q 0 0 0 rg BT 400.13 194.25 Td (at ) Tj ET Q q 0 0 0 rg BT 410.00 194.25 Td (least ) Tj ET Q q 0 0 0 rg BT 430.97 194.25 Td (twenty ) Tj ET Q q 0 0 0 rg BT 460.84 194.25 Td (\(20\) ) Tj ET Q q 0 0 0 rg BT 480.15 194.25 Td (days ) Tj ET Q q 0 0 0 rg BT 501.13 194.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 523.22 194.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.33 182.25 Td (closing, ) Tj ET Q q 0 0 0 rg BT 128.84 182.25 Td (on ) Tj ET Q q 0 0 0 rg BT 140.95 182.25 Td (March ) Tj ET Q q 0 0 0 rg BT 169.17 182.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 183.79 182.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 208.40 182.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 226.92 182.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.04 182.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 249.48 182.25 Td (a ) Tj ET Q q 0 0 0 rg BT 256.04 182.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 296.47 182.25 Td (information ) Tj ET Q q 0 0 0 rg BT 345.80 182.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 386.24 182.25 Td (with ) Tj ET Q q 0 0 0 rg BT 406.13 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.47 182.25 Td (SEC; ) Tj ET Q q 0 0 0 rg BT 443.70 182.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 458.04 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.37 182.25 Td (absence ) Tj ET Q q 0 0 0 rg BT 506.13 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.58 182.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 170.25 Td (law ) Tj ET Q q 0 0 0 rg BT 98.04 170.25 Td (or ) Tj ET Q q 0 0 0 rg BT 108.97 170.25 Td (order ) Tj ET Q q 0 0 0 rg BT 132.67 170.25 Td (enacted, ) Tj ET Q q 0 0 0 rg BT 168.31 170.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 195.91 170.25 Td (or ) Tj ET Q q 0 0 0 rg BT 206.84 170.25 Td (enforced ) Tj ET Q q 0 0 0 rg BT 244.42 170.25 Td (that ) Tj ET Q q 0 0 0 rg BT 262.01 170.25 Td (is ) Tj ET Q q 0 0 0 rg BT 271.28 170.25 Td (in ) Tj ET Q q 0 0 0 rg BT 281.66 170.25 Td (ef) Tj ET Q q 0 0 0 rg BT 289.25 170.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 306.84 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.88 170.25 Td (that ) Tj ET Q q 0 0 0 rg BT 341.48 170.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 369.62 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.44 170.25 Td (consummation ) Tj ET Q q 0 0 0 rg BT 445.93 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.86 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.68 170.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 488.16 170.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 503.53 170.25 Td (illegal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 158.25 Td (prevents, ) Tj ET Q q 0 0 0 rg BT 119.25 158.25 Td (prohibits, ) Tj ET Q q 0 0 0 rg BT 159.18 158.25 Td (restrains ) Tj ET Q q 0 0 0 rg BT 194.93 158.25 Td (or ) Tj ET Q q 0 0 0 rg BT 205.13 158.25 Td (enjoins ) Tj ET Q q 0 0 0 rg BT 235.89 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.97 158.25 Td (consummation ) Tj ET Q q 0 0 0 rg BT 310.73 158.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.93 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.02 158.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 351.50 158.25 Td (ger; ) Tj ET Q q 0 0 0 rg BT 368.92 158.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.23 158.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 402.09 158.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 441.74 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.83 158.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 492.13 158.25 Td (approvals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.25 Td (from ) Tj ET Q q 0 0 0 rg BT 102.46 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.69 146.25 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 138.70 146.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 179.58 146.25 Td (Division, ) Tj ET Q q 0 0 0 rg BT 218.55 146.25 Td (New ) Tj ET Q q 0 0 0 rg BT 239.15 146.25 Td (Y) Tj ET Q q 0 0 0 rg BT 245.37 146.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 260.72 146.25 Td (Department ) Tj ET Q q 0 0 0 rg BT 309.94 146.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.29 146.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 359.52 146.25 Td (Services, ) Tj ET Q q 0 0 0 rg BT 397.77 146.25 Td (V) Tj ET Q q 0 0 0 rg BT 403.88 146.25 Td (ermont ) Tj ET Q q 0 0 0 rg BT 434.22 146.25 Td (Department ) Tj ET Q q 0 0 0 rg BT 483.44 146.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.79 146.25 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 134.25 Td (Regulation, ) Tj ET Q q 0 0 0 rg BT 130.61 134.25 Td (China ) Tj ET Q q 0 0 0 rg BT 157.73 134.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 199.83 134.25 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 247.50 134.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 301.30 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.97 134.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.42 134.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 382.09 134.25 Td (on ) Tj ET Q q 0 0 0 rg BT 395.32 134.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 429.66 134.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 477.33 134.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.34 134.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.79 134.25 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 122.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 109.35 122.25 Td ( ) Tj ET Q q 0 0 0 rg BT 111.31 122.25 Td (On ) Tj ET Q q 0 0 0 rg BT 125.49 122.25 Td (November ) Tj ET Q q 0 0 0 rg BT 169.66 122.25 Td (25, ) Tj ET Q q 0 0 0 rg BT 184.12 122.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 208.58 122.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 227.10 122.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.06 122.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 265.45 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.63 122.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 316.02 122.25 Td (approval ) Tj ET Q q 0 0 0 rg BT 352.97 122.25 Td (for ) Tj ET Q q 0 0 0 rg BT 366.59 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.77 122.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 397.25 122.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 411.98 122.25 Td (from ) Tj ET Q q 0 0 0 rg BT 433.38 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.41 122.25 Td (V) Tj ET Q q 0 0 0 rg BT 453.52 122.25 Td (ermont ) Tj ET Q q 0 0 0 rg BT 483.81 122.25 Td (Department ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 110.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.61 110.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 133.09 110.25 Td (Regulation. ) Tj ET Q q 0 0 0 rg BT 182.75 110.25 Td (On ) Tj ET Q q 0 0 0 rg BT 198.25 110.25 Td (March ) Tj ET Q q 0 0 0 rg BT 227.63 110.25 Td (14, ) Tj ET Q q 0 0 0 rg BT 243.40 110.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 269.18 110.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 287.70 110.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.98 110.25 Td (received ) Tj ET Q q 0 0 0 rg BT 328.11 110.25 Td (notification ) Tj ET Q q 0 0 0 rg BT 377.49 110.25 Td (from ) Tj ET Q q 0 0 0 rg BT 400.20 110.25 Td (CFIUS ) Tj ET Q q 0 0 0 rg BT 431.83 110.25 Td (that ) Tj ET Q q 0 0 0 rg BT 450.10 110.25 Td (it ) Tj ET Q q 0 0 0 rg BT 458.93 110.25 Td (had ) Tj ET Q q 0 0 0 rg BT 476.64 110.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 521.01 110.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 98.25 Td (action ) Tj ET Q q 0 0 0 rg BT 108.35 98.25 Td (under ) Tj ET Q q 0 0 0 rg BT 134.03 98.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 166.94 98.25 Td (721 ) Tj ET Q q 0 0 0 rg BT 184.86 98.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.10 98.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.23 98.25 Td (Defense ) Tj ET Q q 0 0 0 rg BT 246.91 98.25 Td (Production ) Tj ET Q q 0 0 0 rg BT 293.07 98.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 310.42 98.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.67 98.25 Td (1950, ) Tj ET Q q 0 0 0 rg BT 347.08 98.25 Td (as ) Tj ET Q q 0 0 0 rg BT 358.33 98.25 Td (amended, ) Tj ET Q q 0 0 0 rg BT 399.83 98.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.19 98.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 465.08 98.25 Td (that ) Tj ET Q q 0 0 0 rg BT 482.99 98.25 Td (there ) Tj ET Q q 0 0 0 rg BT 505.89 98.25 Td (are ) Tj ET Q q 0 0 0 rg BT 521.02 98.25 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 86.25 Td (unresolved ) Tj ET Q q 0 0 0 rg BT 126.96 86.25 Td (national ) Tj ET Q q 0 0 0 rg BT 161.25 86.25 Td (security ) Tj ET Q q 0 0 0 rg BT 194.98 86.25 Td (concerns ) Tj ET Q q 0 0 0 rg BT 232.60 86.25 Td (with ) Tj ET Q q 0 0 0 rg BT 252.46 86.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 282.86 86.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.71 86.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.01 86.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 323.49 86.25 Td (ger) Tj ET Q q 0 0 0 rg BT 335.71 86.25 Td (. ) Tj ET Q q 0 0 0 rg BT 340.29 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 342.22 86.25 Td (The ) Tj ET Q q 0 0 0 rg BT 359.84 86.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 388.58 86.25 Td (are ) Tj ET Q q 0 0 0 rg BT 402.87 86.25 Td (not ) Tj ET Q q 0 0 0 rg BT 417.72 86.25 Td (required ) Tj ET Q q 0 0 0 rg BT 453.12 86.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.98 86.25 Td (file ) Tj ET Q q 0 0 0 rg BT 478.38 86.25 Td (a ) Tj ET Q q 0 0 0 rg BT 484.90 86.25 Td (notification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 74.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.80 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.48 74.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 122.96 74.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 138.20 74.25 Td (under ) Tj ET Q q 0 0 0 rg BT 163.44 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.12 74.25 Td (Hart-Scott ) Tj ET Q q 0 0 0 rg BT 222.25 74.25 Td (Rodino ) Tj ET Q q 0 0 0 rg BT 253.62 74.25 Td (Antitrust ) Tj ET Q q 0 0 0 rg BT 291.64 74.25 Td (Improvements ) Tj ET Q q 0 0 0 rg BT 351.33 74.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 368.24 74.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.03 74.25 Td (1976, ) Tj ET Q q 0 0 0 rg BT 404.00 74.25 Td (as ) Tj ET Q q 0 0 0 rg BT 414.80 74.25 Td (amended, ) Tj ET Q q 0 0 0 rg BT 455.86 74.25 Td (due ) Tj ET Q q 0 0 0 rg BT 472.77 74.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.02 74.25 Td (an ) Tj ET Q q 0 0 0 rg BT 494.92 74.25 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 62.25 Td (exemption.The ) Tj ET Q q 0 0 0 rg BT 143.76 62.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 160.24 62.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 174.96 62.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 221.88 62.25 Td (does ) Tj ET Q q 0 0 0 rg BT 242.71 62.25 Td (not ) Tj ET Q q 0 0 0 rg BT 257.99 62.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 289.92 62.25 Td (any ) Tj ET Q q 0 0 0 rg BT 306.86 62.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 347.12 62.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 387.40 62.25 Td (or ) Tj ET Q q 0 0 0 rg BT 398.23 62.25 Td (contingency) Tj ET Q q 0 0 0 rg BT 446.45 62.25 Td (. ) Tj ET Q q 0 0 0 rg BT 451.45 62.25 Td ( ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 38.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 723.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.75 723.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 139.23 723.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 153.71 723.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 200.33 723.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 235.85 723.60 Td (customary ) Tj ET Q q 0 0 0 rg BT 279.71 723.60 Td (representations, ) Tj ET Q q 0 0 0 rg BT 344.94 723.60 Td (warranties ) Tj ET Q q 0 0 0 rg BT 388.78 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.42 723.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 447.60 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 458.13 723.60 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 481.24 723.60 Td (Anbang, ) Tj ET Q q 0 0 0 rg BT 517.11 723.60 Td (AB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 113.99 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 131.43 711.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 147.91 711.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 163.68 711.60 Td (Sub. ) Tj ET Q q 0 0 0 rg BT 184.08 711.60 Td (Among ) Tj ET Q q 0 0 0 rg BT 217.08 711.60 Td (other ) Tj ET Q q 0 0 0 rg BT 240.63 711.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 270.57 711.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 289.09 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 292.09 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 309.53 711.60 Td (its ) Tj ET Q q 0 0 0 rg BT 321.98 711.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 372.19 711.60 Td (are ) Tj ET Q q 0 0 0 rg BT 387.40 711.60 Td (required ) Tj ET Q q 0 0 0 rg BT 423.72 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 434.49 711.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 469.15 711.60 Td (their ) Tj ET Q q 0 0 0 rg BT 490.47 711.60 Td (respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (businesses ) Tj ET Q q 0 0 0 rg BT 126.16 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.54 699.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 188.14 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 198.86 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.02 699.60 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 250.83 699.60 Td (course ) Tj ET Q q 0 0 0 rg BT 279.87 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 291.14 699.60 Td (business ) Tj ET Q q 0 0 0 rg BT 327.98 699.60 Td (until ) Tj ET Q q 0 0 0 rg BT 349.25 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.41 699.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 380.89 699.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 396.60 699.60 Td (is ) Tj ET Q q 0 0 0 rg BT 406.21 699.60 Td (consummated. ) Tj ET Q q 0 0 0 rg BT 467.19 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 470.13 699.60 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 508.07 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 518.79 699.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 97.48 687.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 112.70 687.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 162.07 687.60 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 196.88 687.60 Td (has ) Tj ET Q q 0 0 0 rg BT 213.35 687.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 243.14 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 254.06 687.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 279.41 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 294.77 687.60 Td (full ) Tj ET Q q 0 0 0 rg BT 311.80 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 329.38 687.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 369.18 687.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 422.84 687.60 Td (by ) Tj ET Q q 0 0 0 rg BT 435.29 687.60 Td (AB ) Tj ET Q q 0 0 0 rg BT 452.33 687.60 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 485.47 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 496.94 687.60 Td (all ) Tj ET Q q 0 0 0 rg BT 510.08 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.55 687.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 128.16 675.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 165.31 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.80 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.73 675.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 215.66 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.70 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.63 675.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 258.11 675.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 272.99 675.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 320.13 675.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.28 675.60 Td (in ) Tj ET Q q 0 0 0 rg BT 347.77 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.70 675.60 Td (event ) Tj ET Q q 0 0 0 rg BT 386.47 675.60 Td (AB ) Tj ET Q q 0 0 0 rg BT 403.07 675.60 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 435.78 675.60 Td (does ) Tj ET Q q 0 0 0 rg BT 456.82 675.60 Td (not ) Tj ET Q q 0 0 0 rg BT 472.31 675.60 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 497.80 675.60 Td (all ) Tj ET Q q 0 0 0 rg BT 510.50 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.55 675.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 127.66 663.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 164.31 663.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.30 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 188.73 663.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 213.17 663.60 Td (of ) Tj ET Q q 0 0 0 rg BT 223.71 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.14 663.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 254.62 663.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 269.11 663.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 317.76 663.60 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 351.64 663.60 Td (will ) Tj ET Q q 0 0 0 rg BT 369.41 663.60 Td (unconditionally ) Tj ET Q q 0 0 0 rg BT 434.39 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 451.05 663.60 Td (irrevocably ) Tj ET Q q 0 0 0 rg BT 498.79 663.60 Td (perform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (such ) Tj ET Q q 0 0 0 rg BT 101.83 651.60 Td (unperformed ) Tj ET Q q 0 0 0 rg BT 155.98 651.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 202.92 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.20 651.60 Td (AB ) Tj ET Q q 0 0 0 rg BT 229.59 651.60 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 262.08 651.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 299.02 651.60 Td (to ) Tj ET Q q 0 0 0 rg BT 309.30 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.02 651.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 348.73 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 359.56 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 374.28 651.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 390.76 651.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 405.48 651.60 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 627.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.10 627.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 139.58 627.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 154.35 627.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 201.33 627.60 Td (contains ) Tj ET Q q 0 0 0 rg BT 237.21 627.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 266.97 627.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 311.20 627.60 Td (giving ) Tj ET Q q 0 0 0 rg BT 339.31 627.60 Td (each ) Tj ET Q q 0 0 0 rg BT 360.18 627.60 Td (of ) Tj ET Q q 0 0 0 rg BT 370.51 627.60 Td (AB ) Tj ET Q q 0 0 0 rg BT 386.96 627.60 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 419.51 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.51 627.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 455.03 627.60 Td ( ) Tj ET Q q 0 0 0 rg BT 457.58 627.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 482.92 627.60 Td (to ) Tj ET Q q 0 0 0 rg BT 493.26 627.60 Td (terminate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.69 615.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 112.17 615.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 126.87 615.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 173.77 615.60 Td (under ) Tj ET Q q 0 0 0 rg BT 199.02 615.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 228.70 615.60 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 290.32 615.60 Td (Upon ) Tj ET Q q 0 0 0 rg BT 315.01 615.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 363.59 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 374.40 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 389.09 615.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 405.57 615.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 420.27 615.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 469.67 615.60 Td (under ) Tj ET Q q 0 0 0 rg BT 494.92 615.60 Td (specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 603.60 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 142.64 603.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 161.16 603.60 Td ( ) Tj ET Q q 0 0 0 rg BT 163.66 603.60 Td (may ) Tj ET Q q 0 0 0 rg BT 183.38 603.60 Td (be ) Tj ET Q q 0 0 0 rg BT 195.32 603.60 Td (required ) Tj ET Q q 0 0 0 rg BT 231.13 603.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.41 603.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 258.35 603.60 Td (a ) Tj ET Q q 0 0 0 rg BT 265.29 603.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 313.89 603.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 328.59 603.60 Td (to ) Tj ET Q q 0 0 0 rg BT 338.32 603.60 Td (AB ) Tj ET Q q 0 0 0 rg BT 354.71 603.60 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 387.21 603.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.04 603.60 Td ($51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.04 603.60 Td ( ) Tj ET Q q 0 0 0 rg BT 415.54 603.60 Td (million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 579.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 123.52 579.60 Td ( ) Tj ET Q q 0 0 0 rg BT 125.42 579.60 Td (and ) Tj ET Q q 0 0 0 rg BT 141.35 579.60 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 174.91 579.60 Td (are ) Tj ET Q q 0 0 0 rg BT 189.02 579.60 Td (committed ) Tj ET Q q 0 0 0 rg BT 233.69 579.60 Td (to ) Tj ET Q q 0 0 0 rg BT 243.37 579.60 Td (securing ) Tj ET Q q 0 0 0 rg BT 279.15 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.27 579.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 335.72 579.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 378.72 579.60 Td (approvals ) Tj ET Q q 0 0 0 rg BT 419.50 579.60 Td (and ) Tj ET Q q 0 0 0 rg BT 435.84 579.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 455.51 579.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.19 579.60 Td (close ) Tj ET Q q 0 0 0 rg BT 487.64 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 501.76 579.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.24 579.60 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 567.60 Td (as ) Tj ET Q q 0 0 0 rg BT 91.53 567.60 Td (expeditiously ) Tj ET Q q 0 0 0 rg BT 147.61 567.60 Td (as ) Tj ET Q q 0 0 0 rg BT 158.14 567.60 Td (possible, ) Tj ET Q q 0 0 0 rg BT 195.62 567.60 Td (however) Tj ET Q q 0 0 0 rg BT 229.65 567.60 Td (, ) Tj ET Q q 0 0 0 rg BT 234.35 567.60 Td (the ) Tj ET Q q 0 0 0 rg BT 248.76 567.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 279.85 567.60 Td (of ) Tj ET Q q 0 0 0 rg BT 290.38 567.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.80 567.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 321.28 567.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 336.24 567.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.88 567.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.30 567.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 395.61 567.60 Td (thereof ) Tj ET Q q 0 0 0 rg BT 426.13 567.60 Td (is ) Tj ET Q q 0 0 0 rg BT 435.00 567.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 465.52 567.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.50 567.60 Td (the ) Tj ET Q q 0 0 0 rg BT 489.92 567.60 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 555.60 Td (review ) Tj ET Q q 0 0 0 rg BT 110.71 555.60 Td (and ) Tj ET Q q 0 0 0 rg BT 127.65 555.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 165.13 555.60 Td (process, ) Tj ET Q q 0 0 0 rg BT 200.12 555.60 Td (none ) Tj ET Q q 0 0 0 rg BT 222.06 555.60 Td (of ) Tj ET Q q 0 0 0 rg BT 232.89 555.60 Td (which ) Tj ET Q q 0 0 0 rg BT 259.83 555.60 Td (can ) Tj ET Q q 0 0 0 rg BT 276.21 555.60 Td (be ) Tj ET Q q 0 0 0 rg BT 288.14 555.60 Td (assured.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 531.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.96 531.60 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 166.24 531.60 Td (description ) Tj ET Q q 0 0 0 rg BT 214.08 531.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.82 531.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.45 531.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 257.92 531.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 273.35 531.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 321.18 531.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.03 531.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.65 531.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 405.82 531.60 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 463.10 531.60 Td (thereby ) Tj ET Q q 0 0 0 rg BT 496.49 531.60 Td (does ) Tj ET Q q 0 0 0 rg BT 518.23 531.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 519.60 Td (purport ) Tj ET Q q 0 0 0 rg BT 112.13 519.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.59 519.60 Td (be ) Tj ET Q q 0 0 0 rg BT 132.72 519.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 171.06 519.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.19 519.60 Td (should ) Tj ET Q q 0 0 0 rg BT 215.54 519.60 Td (be ) Tj ET Q q 0 0 0 rg BT 226.67 519.60 Td (read ) Tj ET Q q 0 0 0 rg BT 245.57 519.60 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 297.79 519.60 Td (with ) Tj ET Q q 0 0 0 rg BT 317.25 519.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.16 519.60 Td (other ) Tj ET Q q 0 0 0 rg BT 353.40 519.60 Td (related ) Tj ET Q q 0 0 0 rg BT 382.29 519.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 424.52 519.60 Td (in ) Tj ET Q q 0 0 0 rg BT 433.99 519.60 Td (this ) Tj ET Q q 0 0 0 rg BT 450.13 519.60 Td (report, ) Tj ET Q q 0 0 0 rg BT 478.19 519.60 Td (and ) Tj ET Q q 0 0 0 rg BT 494.32 519.60 Td (is ) Tj ET Q q 0 0 0 rg BT 502.68 519.60 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 507.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.52 507.60 Td (and ) Tj ET Q q 0 0 0 rg BT 108.71 507.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 147.00 507.60 Td (by ) Tj ET Q q 0 0 0 rg BT 159.75 507.60 Td (in ) Tj ET Q q 0 0 0 rg BT 170.27 507.60 Td (its ) Tj ET Q q 0 0 0 rg BT 182.46 507.60 Td (entirety ) Tj ET Q q 0 0 0 rg BT 215.75 507.60 Td (by ) Tj ET Q q 0 0 0 rg BT 228.50 507.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 268.43 507.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.95 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.92 507.60 Td (text ) Tj ET Q q 0 0 0 rg BT 311.66 507.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.74 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.70 507.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 354.18 507.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 369.09 507.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 416.26 507.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 437.33 507.60 Td (with ) Tj ET Q q 0 0 0 rg BT 457.85 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.82 507.60 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 496.40 507.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 514.93 507.60 Td ( ) Tj ET Q q 0 0 0 rg BT 517.67 507.60 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 495.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 101.11 495.60 Td (with ) Tj ET Q q 0 0 0 rg BT 120.67 495.60 Td (the ) Tj ET Q q 0 0 0 rg BT 134.67 495.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 154.79 495.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.01 495.60 Td (mailed ) Tj ET Q q 0 0 0 rg BT 200.00 495.60 Td (to ) Tj ET Q q 0 0 0 rg BT 209.56 495.60 Td (its ) Tj ET Q q 0 0 0 rg BT 220.79 495.60 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 273.12 495.60 Td (a ) Tj ET Q q 0 0 0 rg BT 279.34 495.60 Td (definitive ) Tj ET Q q 0 0 0 rg BT 319.45 495.60 Td (information ) Tj ET Q q 0 0 0 rg BT 368.44 495.60 Td (statement. ) Tj ET Q q 0 0 0 rg BT 411.04 495.60 Td (in ) Tj ET Q q 0 0 0 rg BT 420.60 495.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 466.26 495.60 Td (with ) Tj ET Q q 0 0 0 rg BT 485.82 495.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.82 495.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 516.30 495.60 Td (ger) Tj ET Q q 0 0 0 rg BT 528.51 495.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 483.60 Td (The ) Tj ET Q q 0 0 0 rg BT 99.64 483.60 Td (information ) Tj ET Q q 0 0 0 rg BT 149.95 483.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 191.37 483.60 Td (and ) Tj ET Q q 0 0 0 rg BT 208.91 483.60 Td (other ) Tj ET Q q 0 0 0 rg BT 232.55 483.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 267.85 483.60 Td (materials ) Tj ET Q q 0 0 0 rg BT 307.60 483.60 Td (contain ) Tj ET Q q 0 0 0 rg BT 340.13 483.60 Td (important ) Tj ET Q q 0 0 0 rg BT 382.11 483.60 Td (information ) Tj ET Q q 0 0 0 rg BT 432.42 483.60 Td (about ) Tj ET Q q 0 0 0 rg BT 457.73 483.60 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 481.54 483.60 Td (Anbang, ) Tj ET Q q 0 0 0 rg BT 518.79 483.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 471.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 97.48 471.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 113.05 471.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.29 471.60 Td (related ) Tj ET Q q 0 0 0 rg BT 160.29 471.60 Td (matters. ) Tj ET Q q 0 0 0 rg BT 195.02 471.60 Td ( ) Tj ET Q q 0 0 0 rg BT 197.62 471.60 Td (These ) Tj ET Q q 0 0 0 rg BT 224.29 471.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 270.42 471.60 Td (are ) Tj ET Q q 0 0 0 rg BT 285.42 471.60 Td (available ) Tj ET Q q 0 0 0 rg BT 324.31 471.60 Td (at ) Tj ET Q q 0 0 0 rg BT 334.33 471.60 Td (no ) Tj ET Q q 0 0 0 rg BT 347.13 471.60 Td (char) Tj ET Q q 0 0 0 rg BT 364.15 471.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 376.39 471.60 Td (on ) Tj ET Q q 0 0 0 rg BT 389.19 471.60 Td (the ) Tj ET Q q 0 0 0 rg BT 404.21 471.60 Td (SEC) Tj ET Q q 0 0 0 rg BT 425.32 471.60 Td (s ) Tj ET Q q 0 0 0 rg BT 432.02 471.60 Td (website ) Tj ET Q q 0 0 0 rg BT 465.36 471.60 Td (at ) Tj ET Q q 0 0 0 rg BT 475.38 471.60 Td (www) Tj ET Q q 0 0 0 rg BT 496.39 471.60 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 528.51 471.60 Td (. ) Tj ET Q q 0 0 0 rg BT 533.51 471.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 459.60 Td (In ) Tj ET Q q 0 0 0 rg BT 91.73 459.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 129.40 459.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 175.13 459.60 Td (are ) Tj ET Q q 0 0 0 rg BT 189.73 459.60 Td (also ) Tj ET Q q 0 0 0 rg BT 208.24 459.60 Td (available ) Tj ET Q q 0 0 0 rg BT 246.73 459.60 Td (for ) Tj ET Q q 0 0 0 rg BT 260.79 459.60 Td (free ) Tj ET Q q 0 0 0 rg BT 278.72 459.60 Td (from ) Tj ET Q q 0 0 0 rg BT 300.56 459.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 319.08 459.60 Td ( ) Tj ET Q q 0 0 0 rg BT 321.48 459.60 Td (by ) Tj ET Q q 0 0 0 rg BT 333.88 459.60 Td (contacting ) Tj ET Q q 0 0 0 rg BT 377.93 459.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 395.90 459.60 Td () Tj ET Q q 0 0 0 rg BT 398.68 459.60 Td (s ) Tj ET Q q 0 0 0 rg BT 404.97 459.60 Td (investor ) Tj ET Q q 0 0 0 rg BT 439.58 459.60 Td (relations ) Tj ET Q q 0 0 0 rg BT 476.42 459.60 Td (department ) Tj ET Q q 0 0 0 rg BT 523.80 459.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 447.60 Td (Investor) Tj ET Q q 0 0 0 rg BT 113.22 447.60 Td (.Relations@fglife.com. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 431.10 Td (For ) Tj ET Q q 0 0 0 rg BT 122.18 431.10 Td (over ) Tj ET Q q 0 0 0 rg BT 143.24 431.10 Td (50 ) Tj ET Q q 0 0 0 rg BT 156.53 431.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 183.41 431.10 Td (our ) Tj ET Q q 0 0 0 rg BT 200.03 431.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.21 431.10 Td (has ) Tj ET Q q 0 0 0 rg BT 258.83 431.10 Td (been ) Tj ET Q q 0 0 0 rg BT 280.99 431.10 Td (helping ) Tj ET Q q 0 0 0 rg BT 314.27 431.10 Td (middle-income ) Tj ET Q q 0 0 0 rg BT 377.38 431.10 Td (Americans ) Tj ET Q q 0 0 0 rg BT 423.98 431.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 457.24 431.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.19 431.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 516.57 431.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 419.10 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 128.56 419.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 146.14 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.49 419.10 Td (life. ) Tj ET Q q 0 0 0 rg BT 174.34 419.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 191.92 419.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 215.60 419.10 Td (on ) Tj ET Q q 0 0 0 rg BT 227.62 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.86 419.10 Td (middle-income ) Tj ET Q q 0 0 0 rg BT 304.42 419.10 Td (market ) Tj ET Q q 0 0 0 rg BT 334.21 419.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 357.34 419.10 Td (us ) Tj ET Q q 0 0 0 rg BT 368.25 419.10 Td (access ) Tj ET Q q 0 0 0 rg BT 395.81 419.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.62 419.10 Td (significant, ) Tj ET Q q 0 0 0 rg BT 452.35 419.10 Td (underserved ) Tj ET Q q 0 0 0 rg BT 503.24 419.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 407.10 Td (niches ) Tj ET Q q 0 0 0 rg BT 112.14 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.17 407.10 Td (drives ) Tj ET Q q 0 0 0 rg BT 162.21 407.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.13 407.10 Td (product ) Tj ET Q q 0 0 0 rg BT 217.27 407.10 Td (development. ) Tj ET Q q 0 0 0 rg BT 275.78 407.10 Td (As ) Tj ET Q q 0 0 0 rg BT 292.49 407.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.41 407.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 369.77 407.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.77 407.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.86 407.10 Td (we ) Tj ET Q q 0 0 0 rg BT 415.12 407.10 Td (had ) Tj ET Q q 0 0 0 rg BT 435.15 407.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 407.10 Td (700,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 395.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 137.82 395.10 Td (counting ) Tj ET Q q 0 0 0 rg BT 175.20 395.10 Td (on ) Tj ET Q q 0 0 0 rg BT 187.59 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.20 395.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 228.46 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.29 395.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 288.22 395.10 Td (features ) Tj ET Q q 0 0 0 rg BT 322.25 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.97 395.10 Td (our ) Tj ET Q q 0 0 0 rg BT 348.69 395.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 371.62 395.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 404.00 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.83 395.10 Td (life ) Tj ET Q q 0 0 0 rg BT 436.54 395.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 477.25 395.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 516.57 395.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 383.10 Td (we ) Tj ET Q q 0 0 0 rg BT 94.63 383.10 Td (constantly ) Tj ET Q q 0 0 0 rg BT 137.70 383.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 157.44 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.18 383.10 Td (innovate ) Tj ET Q q 0 0 0 rg BT 203.58 383.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.88 383.10 Td (products ) Tj ET Q q 0 0 0 rg BT 255.29 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.03 383.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 286.43 383.10 Td (their ) Tj ET Q q 0 0 0 rg BT 306.73 383.10 Td (evolving ) Tj ET Q q 0 0 0 rg BT 343.69 383.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 370.78 383.10 Td (W) Tj ET Q q 0 0 0 rg BT 379.42 383.10 Td (e ) Tj ET Q q 0 0 0 rg BT 385.83 383.10 Td (of) Tj ET Q q 0 0 0 rg BT 393.98 383.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 407.04 383.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.34 383.10 Td (products ) Tj ET Q q 0 0 0 rg BT 458.75 383.10 Td (through ) Tj ET Q q 0 0 0 rg BT 491.82 383.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.23 383.10 Td (network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 371.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.09 371.10 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.09 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.59 371.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 220.96 371.10 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 246.80 371.10 Td (that ) Tj ET Q q 0 0 0 rg BT 264.29 371.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.57 371.10 Td (turn ) Tj ET Q q 0 0 0 rg BT 293.18 371.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 332.32 371.10 Td (an ) Tj ET Q q 0 0 0 rg BT 344.26 371.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.08 371.10 Td (35,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.58 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.08 371.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 466.45 371.10 Td (agents. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 350.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 142.38 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.55 350.10 Td (ef) Tj ET Q q 0 0 0 rg BT 165.13 350.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 186.41 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.69 350.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.96 350.10 Td (267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.96 350.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.91 350.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 280.12 350.10 Td (who ) Tj ET Q q 0 0 0 rg BT 300.29 350.10 Td (are ) Tj ET Q q 0 0 0 rg BT 315.44 350.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 355.60 350.10 Td (located ) Tj ET Q q 0 0 0 rg BT 387.41 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.14 350.10 Td (Baltimore, ) Tj ET Q q 0 0 0 rg BT 443.57 350.10 Td (MD ) Tj ET Q q 0 0 0 rg BT 462.63 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.02 350.10 Td (Des ) Tj ET Q q 0 0 0 rg BT 498.51 350.10 Td (Moines, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 338.10 Td (IA, ) Tj ET Q q 0 0 0 rg BT 96.95 338.10 Td (we ) Tj ET Q q 0 0 0 rg BT 111.52 338.10 Td (of) Tj ET Q q 0 0 0 rg BT 119.67 338.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 133.67 338.10 Td (various ) Tj ET Q q 0 0 0 rg BT 166.01 338.10 Td (types ) Tj ET Q q 0 0 0 rg BT 190.02 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.25 338.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 224.70 338.10 Td (annuities ) Tj ET Q q 0 0 0 rg BT 263.71 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.05 338.10 Td (life ) Tj ET Q q 0 0 0 rg BT 297.28 338.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 338.50 338.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 378.34 338.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 404.02 338.10 Td (annuities ) Tj ET Q q 0 0 0 rg BT 443.03 338.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 482.57 338.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.92 338.10 Td (retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.53 326.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 129.62 326.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 147.27 326.10 Td (which ) Tj ET Q q 0 0 0 rg BT 173.80 326.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.22 326.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 231.86 326.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 249.50 326.10 Td (on ) Tj ET Q q 0 0 0 rg BT 261.59 326.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.34 326.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 312.97 326.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 355.61 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.14 326.10 Td (predictable ) Tj ET Q q 0 0 0 rg BT 418.65 326.10 Td (income ) Tj ET Q q 0 0 0 rg BT 450.17 326.10 Td (streams. ) Tj ET Q q 0 0 0 rg BT 485.31 326.10 Td (In ) Tj ET Q q 0 0 0 rg BT 495.73 326.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 314.10 Td (our ) Tj ET Q q 0 0 0 rg BT 96.30 314.10 Td (life ) Tj ET Q q 0 0 0 rg BT 111.59 314.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 151.87 314.10 Td (products ) Tj ET Q q 0 0 0 rg BT 188.28 314.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 220.79 314.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.09 314.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 278.61 314.10 Td (with ) Tj ET Q q 0 0 0 rg BT 298.35 314.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.76 314.10 Td (complementary ) Tj ET Q q 0 0 0 rg BT 368.92 314.10 Td (product ) Tj ET Q q 0 0 0 rg BT 401.44 314.10 Td (that ) Tj ET Q q 0 0 0 rg BT 418.40 314.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 446.48 314.10 Td (them ) Tj ET Q q 0 0 0 rg BT 468.44 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.19 314.10 Td (build ) Tj ET Q q 0 0 0 rg BT 500.71 314.10 Td (on ) Tj ET Q q 0 0 0 rg BT 512.68 314.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 302.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 112.87 302.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.17 302.10 Td (assign ) Tj ET Q q 0 0 0 rg BT 156.04 302.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 192.34 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.54 302.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.84 302.10 Td (death ) Tj ET Q q 0 0 0 rg BT 232.36 302.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 261.99 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.64 302.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.94 302.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 322.57 302.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 369.41 302.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 391.28 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.36 302.10 Td (policyholder) Tj ET Q q 0 0 0 rg BT 456.27 302.10 Td () Tj ET Q q 0 0 0 rg BT 459.05 302.10 Td (s ) Tj ET Q q 0 0 0 rg BT 464.81 302.10 Td (death. ) Tj ET Q q 0 0 0 rg BT 490.83 302.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 528.51 302.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 290.10 Td (our ) Tj ET Q q 0 0 0 rg BT 97.82 290.10 Td (most ) Tj ET Q q 0 0 0 rg BT 120.76 290.10 Td (popular ) Tj ET Q q 0 0 0 rg BT 154.80 290.10 Td (products ) Tj ET Q q 0 0 0 rg BT 192.73 290.10 Td (are ) Tj ET Q q 0 0 0 rg BT 208.43 290.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 232.46 290.10 Td (indexed ) Tj ET Q q 0 0 0 rg BT 267.61 290.10 Td (annuities ) Tj ET Q q 0 0 0 rg BT 307.21 290.10 Td (\(FIAs\) ) Tj ET Q q 0 0 0 rg BT 346.24 290.10 Td (that ) Tj ET Q q 0 0 0 rg BT 364.73 290.10 Td (tie ) Tj ET Q q 0 0 0 rg BT 378.21 290.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 426.12 290.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 457.38 290.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.65 290.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 503.24 290.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 278.10 Td (indices, ) Tj ET Q q 0 0 0 rg BT 114.09 278.10 Td (such ) Tj ET Q q 0 0 0 rg BT 134.69 278.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.29 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.77 278.10 Td (Standard ) Tj ET Q q 0 0 0 rg BT 197.59 278.10 Td (& ) Tj ET Q q 0 0 0 rg BT 207.64 278.10 Td (Poor's ) Tj ET Q q 0 0 0 rg BT 234.49 278.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 267.31 278.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 303.46 278.10 Td (\("S&P"\) ) Tj ET Q q 0 0 0 rg BT 339.45 278.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 356.72 278.10 Td (Index. ) Tj ET Q q 0 0 0 rg BT 384.09 278.10 Td (The ) Tj ET Q q 0 0 0 rg BT 401.91 278.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 431.94 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.54 278.10 Td (FIAs ) Tj ET Q q 0 0 0 rg BT 464.81 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.86 278.10 Td (our ) Tj ET Q q 0 0 0 rg BT 490.46 278.10 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.10 Td (is ) Tj ET Q q 0 0 0 rg BT 89.61 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.33 266.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 131.82 266.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.20 266.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 169.03 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.30 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.46 266.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 216.51 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.79 266.10 Td (an ) Tj ET Q q 0 0 0 rg BT 238.17 266.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 283.44 266.10 Td (market ) Tj ET Q q 0 0 0 rg BT 313.14 266.10 Td (index, ) Tj ET Q q 0 0 0 rg BT 339.80 266.10 Td (while ) Tj ET Q q 0 0 0 rg BT 363.96 266.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 404.79 266.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 442.27 266.10 Td (protection. ) Tj ET Q q 0 0 0 rg BT 487.12 266.10 Td (W) Tj ET Q q 0 0 0 rg BT 495.75 266.10 Td (e ) Tj ET Q q 0 0 0 rg BT 502.14 266.10 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.10 Td (this ) Tj ET Q q 0 0 0 rg BT 98.30 254.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 116.71 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.89 254.10 Td (some ) Tj ET Q q 0 0 0 rg BT 156.29 254.10 Td (upside ) Tj ET Q q 0 0 0 rg BT 185.26 254.10 Td (but ) Tj ET Q q 0 0 0 rg BT 200.89 254.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 232.07 254.10 Td (downside ) Tj ET Q q 0 0 0 rg BT 277.69 254.10 Td (fills ) Tj ET Q q 0 0 0 rg BT 296.10 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.17 254.10 Td (need ) Tj ET Q q 0 0 0 rg BT 332.90 254.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.41 254.10 Td (middle-income ) Tj ET Q q 0 0 0 rg BT 410.17 254.10 Td (Americans ) Tj ET Q q 0 0 0 rg BT 456.34 254.10 Td (who ) Tj ET Q q 0 0 0 rg BT 476.42 254.10 Td (must ) Tj ET Q q 0 0 0 rg BT 498.72 254.10 Td (save ) Tj ET Q q 0 0 0 rg BT 519.34 254.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 242.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 125.34 242.10 Td (but ) Tj ET Q q 0 0 0 rg BT 141.38 242.10 Td (who ) Tj ET Q q 0 0 0 rg BT 161.85 242.10 Td (want ) Tj ET Q q 0 0 0 rg BT 184.54 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.58 242.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 217.72 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.19 242.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 251.45 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.03 242.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 295.16 242.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.19 242.10 Td (their ) Tj ET Q q 0 0 0 rg BT 327.77 242.10 Td (savings. ) Tj ET Q q 0 0 0 rg BT 363.53 242.10 Td (In ) Tj ET Q q 0 0 0 rg BT 375.11 242.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 411.14 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.17 242.10 Td (FIAs, ) Tj ET Q q 0 0 0 rg BT 447.93 242.10 Td (we ) Tj ET Q q 0 0 0 rg BT 462.85 242.10 Td (also ) Tj ET Q q 0 0 0 rg BT 482.21 242.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 499.35 242.10 Td (indexed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 230.10 Td (universal ) Tj ET Q q 0 0 0 rg BT 120.16 230.10 Td (life ) Tj ET Q q 0 0 0 rg BT 135.98 230.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 169.58 230.10 Td (\(IULs\) ) Tj ET Q q 0 0 0 rg BT 208.17 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.11 230.10 Td (other ) Tj ET Q q 0 0 0 rg BT 248.16 230.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 271.21 230.10 Td (annuities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 209.10 Td (In ) Tj ET Q q 0 0 0 rg BT 116.19 209.10 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.94 209.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.94 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 168.30 209.10 Td (FIAs ) Tj ET Q q 0 0 0 rg BT 191.16 209.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 232.89 209.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 209.10 Td (71%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.83 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.70 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.89 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 342.08 209.10 Td (total ) Tj ET Q q 0 0 0 rg BT 362.71 209.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 385.01 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.31 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.38 209.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.79 209.10 Td (29%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.12 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.98 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.17 209.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 515.47 209.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 197.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 121.36 197.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 163.37 197.10 Td (from ) Tj ET Q q 0 0 0 rg BT 185.95 197.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 209.64 197.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 242.78 197.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 265.37 197.10 Td (during ) Tj ET Q q 0 0 0 rg BT 294.62 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.99 197.10 Td (year) Tj ET Q q 0 0 0 rg BT 326.64 197.10 Td (. ) Tj ET Q q 0 0 0 rg BT 332.06 197.10 Td (W) Tj ET Q q 0 0 0 rg BT 340.70 197.10 Td (e ) Tj ET Q q 0 0 0 rg BT 348.28 197.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 375.31 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.68 197.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 423.82 197.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 466.96 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.88 197.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 501.58 197.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 185.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 120.49 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.65 185.10 Td (options ) Tj ET Q q 0 0 0 rg BT 167.82 185.10 Td (that ) Tj ET Q q 0 0 0 rg BT 184.54 185.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 210.14 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 225.19 185.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 244.41 185.10 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 304.45 185.10 Td (using ) Tj ET Q q 0 0 0 rg BT 327.85 185.10 Td (call ) Tj ET Q q 0 0 0 rg BT 344.00 185.10 Td (options ) Tj ET Q q 0 0 0 rg BT 375.17 185.10 Td (on ) Tj ET Q q 0 0 0 rg BT 386.90 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.84 185.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 419.37 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.09 185.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 437.81 185.10 Td (Index, ) Tj ET Q q 0 0 0 rg BT 464.80 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.96 185.10 Td (pass ) Tj ET Q q 0 0 0 rg BT 499.91 185.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.03 173.10 Td (market ) Tj ET Q q 0 0 0 rg BT 126.60 173.10 Td (index ) Tj ET Q q 0 0 0 rg BT 151.63 173.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 182.21 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.80 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.94 173.10 Td (policyholders. ) Tj ET Q q 0 0 0 rg BT 268.48 173.10 Td (The ) Tj ET Q q 0 0 0 rg BT 286.84 173.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 323.54 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.68 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.82 173.10 Td (products ) Tj ET Q q 0 0 0 rg BT 388.07 173.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 420.31 173.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 464.80 173.10 Td (that ) Tj ET Q q 0 0 0 rg BT 482.60 173.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 511.52 173.10 Td (us ) Tj ET Q q 0 0 0 rg BT 523.22 173.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 161.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 118.51 161.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 145.48 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.78 161.10 Td (formula ) Tj ET Q q 0 0 0 rg BT 195.52 161.10 Td (by ) Tj ET Q q 0 0 0 rg BT 208.60 161.10 Td (which ) Tj ET Q q 0 0 0 rg BT 236.12 161.10 Td (index ) Tj ET Q q 0 0 0 rg BT 261.42 161.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 291.15 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 306.44 161.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 345.07 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.93 161.10 Td (response ) Tj ET Q q 0 0 0 rg BT 394.00 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.86 161.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 444.59 161.10 Td (market ) Tj ET Q q 0 0 0 rg BT 475.44 161.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 522.68 161.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 149.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 118.26 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.59 149.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 165.57 149.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 203.66 149.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 242.85 149.10 Td (either ) Tj ET Q q 0 0 0 rg BT 267.61 149.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 296.25 149.10 Td (be ) Tj ET Q q 0 0 0 rg BT 307.68 149.10 Td (surrendered ) Tj ET Q q 0 0 0 rg BT 356.87 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.19 149.10 Td (include ) Tj ET Q q 0 0 0 rg BT 398.62 149.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 438.37 149.10 Td (char) Tj ET Q q 0 0 0 rg BT 455.39 149.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 470.71 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 487.70 149.10 Td (discourage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 137.10 Td (early ) Tj ET Q q 0 0 0 rg BT 103.49 137.10 Td (redemptions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 111.60 Td (Our) Tj ET Q q 0 0 0 rg BT 98.60 111.60 Td ( ) Tj ET Q q 0 0 0 rg BT 101.10 111.60 Td (Strategy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 95.10 Td (W) Tj ET Q q 0 0 0 rg BT 116.64 95.10 Td (e ) Tj ET Q q 0 0 0 rg BT 122.44 95.10 Td (will ) Tj ET Q q 0 0 0 rg BT 139.35 95.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 158.48 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.62 95.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 189.53 95.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.22 95.10 Td (business ) Tj ET Q q 0 0 0 rg BT 239.47 95.10 Td (by ) Tj ET Q q 0 0 0 rg BT 250.83 95.10 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 287.19 95.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.99 95.10 Td (set ) Tj ET Q q 0 0 0 rg BT 305.46 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.15 95.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 354.27 95.10 Td (aimed ) Tj ET Q q 0 0 0 rg BT 380.07 95.10 Td (at ) Tj ET Q q 0 0 0 rg BT 388.64 95.10 Td (delivering ) Tj ET Q q 0 0 0 rg BT 430.54 95.10 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 476.34 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.14 95.10 Td (profitable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 83.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 111.83 83.10 Td (for ) Tj ET Q q 0 0 0 rg BT 125.99 83.10 Td (shareholders; ) Tj ET Q q 0 0 0 rg BT 181.81 83.10 Td (including: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 66.60 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 135 65.26699218750002 m 281.015625 65.26699218750002 l s q 0 0 0 rg BT 135.00 66.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 144.63 66.60 Td (otect ) Tj ET Q q 0 0 0 rg BT 166.12 66.60 Td (Sales ) Tj ET Q q 0 0 0 rg BT 189.29 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.13 66.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 217.30 66.60 Td (Existing ) Tj ET Q q 0 0 0 rg BT 252.14 66.60 Td (Market) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.02 66.60 Td (. ) Tj ET Q q 0 0 0 rg BT 285.43 66.60 Td (W) Tj ET Q q 0 0 0 rg BT 294.06 66.60 Td (e ) Tj ET Q q 0 0 0 rg BT 300.56 66.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 331.50 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 345.77 66.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 379.49 66.60 Td (for ) Tj ET Q q 0 0 0 rg BT 393.21 66.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 436.36 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 452.86 66.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 490.46 66.60 Td (protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 54.60 Td (products ) Tj ET Q q 0 0 0 rg BT 173.10 54.60 Td (in ) Tj ET Q q 0 0 0 rg BT 184.55 54.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.43 54.60 Td (IMO ) Tj ET Q q 0 0 0 rg BT 223.54 54.60 Td (market ) Tj ET Q q 0 0 0 rg BT 254.96 54.60 Td (will ) Tj ET Q q 0 0 0 rg BT 274.18 54.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 312.28 54.60 Td (even ) Tj ET Q q 0 0 0 rg BT 334.82 54.60 Td (under ) Tj ET Q q 0 0 0 rg BT 361.26 54.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.14 54.60 Td (Department ) Tj ET Q q 0 0 0 rg BT 428.01 54.60 Td (of ) Tj ET Q q 0 0 0 rg BT 440.00 54.60 Td (Labor ) Tj ET Q q 0 0 0 rg BT 467.54 54.60 Td ("fiduciary" ) Tj ET Q q 0 0 0 rg BT 515.46 54.60 Td (rule ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 38.10 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 735.60 Td (standards. ) Tj ET Q q 0 0 0 rg BT 176.99 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 178.71 735.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 195.99 735.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 219.37 735.60 Td (will ) Tj ET Q q 0 0 0 rg BT 236.65 735.60 Td (be ) Tj ET Q q 0 0 0 rg BT 247.81 735.60 Td (on ) Tj ET Q q 0 0 0 rg BT 259.53 735.60 Td (reconfiguring ) Tj ET Q q 0 0 0 rg BT 315.68 735.60 Td (products ) Tj ET Q q 0 0 0 rg BT 351.84 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 368.00 735.60 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 415.26 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 431.42 735.60 Td (partnering ) Tj ET Q q 0 0 0 rg BT 474.24 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 493.74 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 507.68 735.60 Td (IMOs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 145.28 723.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 196.66 723.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 233.03 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 243.31 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.02 723.60 Td (heightened ) Tj ET Q q 0 0 0 rg BT 304.39 723.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 347.99 723.60 Td (environment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 707.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 135 705.7669921875 m 243.2548828125 705.7669921875 l s q 0 0 0 rg BT 135.00 707.10 Td (Str) Tj ET Q q 0 0 0 rg BT 146.30 707.10 Td (engthen ) Tj ET Q q 0 0 0 rg BT 179.91 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.09 707.10 Td (Foundation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.25 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.21 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.03 707.10 Td (W) Tj ET Q q 0 0 0 rg BT 255.67 707.10 Td (e ) Tj ET Q q 0 0 0 rg BT 262.07 707.10 Td (will ) Tj ET Q q 0 0 0 rg BT 279.58 707.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 312.08 707.10 Td (foundational ) Tj ET Q q 0 0 0 rg BT 364.58 707.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 405.98 707.10 Td (that ) Tj ET Q q 0 0 0 rg BT 422.93 707.10 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 466.54 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.72 707.10 Td (business ) Tj ET Q q 0 0 0 rg BT 516.57 707.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 695.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 168.05 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 174.99 695.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 211.92 695.10 Td (for ) Tj ET Q q 0 0 0 rg BT 226.08 695.10 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 273.01 695.10 Td (growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 678.60 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 135 677.2669921875 m 260.2490234375 677.2669921875 l s q 0 0 0 rg BT 135.00 678.60 Td (Enhance ) Tj ET Q q 0 0 0 rg BT 173.94 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.11 678.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 208.82 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 212.78 678.60 Td (Experience.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.25 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 264.20 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 268.16 678.60 Td (Building ) Tj ET Q q 0 0 0 rg BT 307.12 678.60 Td (of) Tj ET Q q 0 0 0 rg BT 315.27 678.60 Td (f ) Tj ET Q q 0 0 0 rg BT 322.55 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.73 678.60 Td (foundational ) Tj ET Q q 0 0 0 rg BT 393.22 678.60 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 439.12 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 454.73 678.60 Td (will ) Tj ET Q q 0 0 0 rg BT 474.24 678.60 Td (create ) Tj ET Q q 0 0 0 rg BT 502.06 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 510.45 678.60 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 666.60 Td (engaging, ) Tj ET Q q 0 0 0 rg BT 177.38 666.60 Td (customer) Tj ET Q q 0 0 0 rg BT 213.84 666.60 Td (-focused ) Tj ET Q q 0 0 0 rg BT 251.50 666.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 298.03 666.60 Td (through ) Tj ET Q q 0 0 0 rg BT 332.36 666.60 Td (accelerating ) Tj ET Q q 0 0 0 rg BT 383.89 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.33 666.60 Td (use ) Tj ET Q q 0 0 0 rg BT 415.89 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 427.45 666.60 Td (digital ) Tj ET Q q 0 0 0 rg BT 456.23 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 473.90 666.60 Td (improving ) Tj ET Q q 0 0 0 rg BT 518.80 666.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 654.60 Td (ease ) Tj ET Q q 0 0 0 rg BT 154.71 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.54 654.60 Td (doing ) Tj ET Q q 0 0 0 rg BT 190.82 654.60 Td (business ) Tj ET Q q 0 0 0 rg BT 227.21 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 241.37 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 257.20 654.60 Td (IMO ) Tj ET Q q 0 0 0 rg BT 279.14 654.60 Td (partners ) Tj ET Q q 0 0 0 rg BT 313.85 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 330.79 654.60 Td (customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 638.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 135 636.7669921875 m 364.77197265625 636.7669921875 l s q 0 0 0 rg BT 135.00 638.10 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 173.53 638.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 183.16 638.10 Td (oduct ) Tj ET Q q 0 0 0 rg BT 206.71 638.10 Td (Capabilities ) Tj ET Q q 0 0 0 rg BT 256.93 638.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.83 638.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 313.38 638.10 Td (Distribution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.77 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.10 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.43 638.10 Td (Capitalize ) Tj ET Q q 0 0 0 rg BT 409.29 638.10 Td (on ) Tj ET Q q 0 0 0 rg BT 420.62 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.27 638.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 494.91 638.10 Td (expertise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.94 626.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 200.55 626.10 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 251.93 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.21 626.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 293.58 626.10 Td (product ) Tj ET Q q 0 0 0 rg BT 326.63 626.10 Td (reach.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 609.60 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 135 608.2669921875 m 293.095703125 608.2669921875 l s q 0 0 0 rg BT 135.00 609.60 Td (Bottom-line, ) Tj ET Q q 0 0 0 rg BT 187.99 609.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 197.62 609.60 Td (ofit-oriented ) Tj ET Q q 0 0 0 rg BT 250.89 609.60 Td (Objectives) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 293.095703125 608.2669921875 m 295.595703125 608.2669921875 l s q 0 0 0 rg BT 293.10 609.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.60 609.60 Td ( ) Tj ET Q q 0 0 0 rg BT 298.64 609.60 Td (W) Tj ET Q q 0 0 0 rg BT 307.28 609.60 Td (e ) Tj ET Q q 0 0 0 rg BT 315.00 609.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 339.94 609.60 Td (on ) Tj ET Q q 0 0 0 rg BT 353.22 609.60 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 395.94 609.60 Td (that ) Tj ET Q q 0 0 0 rg BT 414.22 609.60 Td (we ) Tj ET Q q 0 0 0 rg BT 429.16 609.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 458.53 609.60 Td (will ) Tj ET Q q 0 0 0 rg BT 477.37 609.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 508.42 609.60 Td (tar) Tj ET Q q 0 0 0 rg BT 518.78 609.60 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 597.60 Td (profits ) Tj ET Q q 0 0 0 rg BT 163.71 597.60 Td (and ) Tj ET Q q 0 0 0 rg BT 180.76 597.60 Td (avoid ) Tj ET Q q 0 0 0 rg BT 205.58 597.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 239.84 597.60 Td (and ) Tj ET Q q 0 0 0 rg BT 256.88 597.60 Td (products ) Tj ET Q q 0 0 0 rg BT 293.93 597.60 Td (when ) Tj ET Q q 0 0 0 rg BT 318.19 597.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 353.57 597.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 384.50 597.60 Td (makes ) Tj ET Q q 0 0 0 rg BT 412.66 597.60 Td (it ) Tj ET Q q 0 0 0 rg BT 420.82 597.60 Td (dif) Tj ET Q q 0 0 0 rg BT 431.75 597.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 455.45 597.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.84 597.60 Td (achieve ) Tj ET Q q 0 0 0 rg BT 498.97 597.60 Td (tar) Tj ET Q q 0 0 0 rg BT 509.34 597.60 Td (geted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 585.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 159.72 585.60 Td (mar) Tj ET Q q 0 0 0 rg BT 175.08 585.60 Td (gins.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 561.60 Td (Competition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 545.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.57 545.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 152.14 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.94 545.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 199.83 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 209.52 545.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 253.64 545.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 276.66 545.10 Td (many ) Tj ET Q q 0 0 0 rg BT 301.89 545.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 332.12 545.10 Td (which ) Tj ET Q q 0 0 0 rg BT 359.58 545.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 394.53 545.10 Td (among ) Tj ET Q q 0 0 0 rg BT 424.77 545.10 Td (other ) Tj ET Q q 0 0 0 rg BT 448.34 545.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 478.31 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 494.66 545.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 523.23 545.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 533.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 114.53 533.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 163.61 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.92 533.10 Td (profitable ) Tj ET Q q 0 0 0 rg BT 220.67 533.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 259.48 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.69 533.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 302.11 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.76 533.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 348.63 533.10 Td (stable ) Tj ET Q q 0 0 0 rg BT 373.83 533.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 426.80 533.10 Td (with ) Tj ET Q q 0 0 0 rg BT 446.46 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 461.66 533.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 505.18 533.10 Td (IMOs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 97.98 521.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 127.19 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.62 521.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 177.27 521.10 Td (low ) Tj ET Q q 0 0 0 rg BT 195.92 521.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 215.13 521.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 238.78 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.88 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.86 521.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 328.04 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.02 521.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 379.21 521.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 417.85 521.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 453.72 521.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 484.59 521.10 Td (from ) Tj ET Q q 0 0 0 rg BT 507.68 521.10 Td (rating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 509.10 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 120.22 509.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 158.62 509.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 208.12 509.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 237.62 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 251.57 509.10 Td (FIAs ) Tj ET Q q 0 0 0 rg BT 273.87 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 288.37 509.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 314.00 509.10 Td (crediting ) Tj ET Q q 0 0 0 rg BT 351.83 509.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 375.50 509.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 418.34 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 432.29 509.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 466.23 509.10 Td (crediting ) Tj ET Q q 0 0 0 rg BT 504.07 509.10 Td (action, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 497.10 Td (product ) Tj ET Q q 0 0 0 rg BT 113.87 497.10 Td (features, ) Tj ET Q q 0 0 0 rg BT 150.35 497.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 175.44 497.10 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 225.81 497.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 264.79 497.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 297.93 497.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 318.87 497.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 367.31 497.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 415.17 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.94 497.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 469.24 497.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 503.79 497.10 Td (ratings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.13 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.14 485.10 Td (provider) Tj ET Q q 0 0 0 rg BT 138.47 485.10 Td (. ) Tj ET Q q 0 0 0 rg BT 142.77 485.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 194.57 485.10 Td (may ) Tj ET Q q 0 0 0 rg BT 213.58 485.10 Td (af) Tj ET Q q 0 0 0 rg BT 221.17 485.10 Td (fect, ) Tj ET Q q 0 0 0 rg BT 240.45 485.10 Td (among ) Tj ET Q q 0 0 0 rg BT 269.47 485.10 Td (other ) Tj ET Q q 0 0 0 rg BT 291.81 485.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 325.54 485.10 Td (both ) Tj ET Q q 0 0 0 rg BT 345.12 485.10 Td (business ) Tj ET Q q 0 0 0 rg BT 380.81 485.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 410.94 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.18 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.19 485.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 471.31 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.44 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 496.57 485.10 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.27 473.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 135.80 473.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 174.73 473.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 224.77 473.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 254.81 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.29 473.10 Td (IULs ) Tj ET Q q 0 0 0 rg BT 292.68 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 307.71 473.10 Td (based ) Tj ET Q q 0 0 0 rg BT 333.31 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 346.14 473.10 Td (service ) Tj ET Q q 0 0 0 rg BT 377.28 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.55 473.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 443.49 473.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 477.41 473.10 Td (relationships, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 461.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 105.99 461.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 131.25 461.10 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 181.80 461.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 219.28 461.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 253.99 461.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 283.71 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.54 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 310.37 461.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 351.19 461.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 400.90 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.84 461.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 455.32 461.10 Td (stability) Tj ET Q q 0 0 0 rg BT 486.89 461.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 428.00 Td (For) Tj ET Q q 0 0 0 rg BT 96.37 428.00 Td ( ) Tj ET Q q 0 0 0 rg BT 99.35 428.00 Td (detailed ) Tj ET Q q 0 0 0 rg BT 136.22 428.00 Td (information ) Tj ET Q q 0 0 0 rg BT 190.31 428.00 Td (about ) Tj ET Q q 0 0 0 rg BT 217.74 428.00 Td (r) Tj ET Q q 0 0 0 rg BT 222.00 428.00 Td (evenues, ) Tj ET Q q 0 0 0 rg BT 260.81 428.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 304.91 428.00 Td (income ) Tj ET Q q 0 0 0 rg BT 338.43 428.00 Td (and ) Tj ET Q q 0 0 0 rg BT 357.54 428.00 Td (total ) Tj ET Q q 0 0 0 rg BT 379.96 428.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 407.39 428.00 Td (of ) Tj ET Q q 0 0 0 rg BT 418.70 428.00 Td (our) Tj ET Q q 0 0 0 rg BT 433.52 428.00 Td ( ) Tj ET Q q 0 0 0 rg BT 436.50 428.00 Td (Company) Tj ET Q q 0 0 0 rg BT 477.62 428.00 Td (, ) Tj ET Q q 0 0 0 rg BT 483.11 428.00 Td (see ) Tj ET Q q 0 0 0 rg BT 498.86 428.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 520.72 428.00 Td (II, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 416.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 103.05 416.00 Td (7. ) Tj ET Q q 0 0 0 rg BT 112.61 416.00 Td (Management) Tj ET Q q 0 0 0 rg BT 176.67 416.00 Td (s ) Tj ET Q q 0 0 0 rg BT 182.62 416.00 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 229.69 416.00 Td (and ) Tj ET Q q 0 0 0 rg BT 247.42 416.00 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 285.60 416.00 Td (of ) Tj ET Q q 0 0 0 rg BT 295.99 416.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 338.06 416.00 Td (Condition ) Tj ET Q q 0 0 0 rg BT 382.91 416.00 Td (and ) Tj ET Q q 0 0 0 rg BT 401.09 416.00 Td (Results ) Tj ET Q q 0 0 0 rg BT 434.27 416.00 Td (of ) Tj ET Q q 0 0 0 rg BT 444.65 416.00 Td (Operations ) Tj ET Q q 0 0 0 rg BT 499.49 416.00 Td (and ) Tj ET Q q 0 0 0 rg BT 517.68 416.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 404.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.73 404.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 168.77 404.00 Td (beginning ) Tj ET Q q 0 0 0 rg BT 213.51 404.00 Td (on ) Tj ET Q q 0 0 0 rg BT 226.57 404.00 Td (page ) Tj ET Q q 0 0 0 rg BT 249.07 404.00 Td (F-1 ) Tj ET Q q 0 0 0 rg BT 266.01 404.00 Td (in ) Tj ET Q q 0 0 0 rg BT 276.85 404.00 Td (this ) Tj ET Q q 0 0 0 rg BT 294.91 404.00 Td (r) Tj ET Q q 0 0 0 rg BT 299.17 404.00 Td (eport.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 378.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 91.37 378.50 Td (oducts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 362.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.96 362.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 168.67 362.00 Td (designing ) Tj ET Q q 0 0 0 rg BT 209.96 362.00 Td (and ) Tj ET Q q 0 0 0 rg BT 226.81 362.00 Td (developing ) Tj ET Q q 0 0 0 rg BT 273.65 362.00 Td (annuities ) Tj ET Q q 0 0 0 rg BT 312.16 362.00 Td (and ) Tj ET Q q 0 0 0 rg BT 329.00 362.00 Td (life ) Tj ET Q q 0 0 0 rg BT 344.74 362.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 385.46 362.00 Td (products ) Tj ET Q q 0 0 0 rg BT 422.30 362.00 Td (will ) Tj ET Q q 0 0 0 rg BT 440.27 362.00 Td (allow ) Tj ET Q q 0 0 0 rg BT 464.89 362.00 Td (us ) Tj ET Q q 0 0 0 rg BT 476.19 362.00 Td (to ) Tj ET Q q 0 0 0 rg BT 486.38 362.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 523.22 362.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 350.00 Td (introduce ) Tj ET Q q 0 0 0 rg BT 121.10 350.00 Td (innovative ) Tj ET Q q 0 0 0 rg BT 165.66 350.00 Td (products ) Tj ET Q q 0 0 0 rg BT 202.44 350.00 Td (and ) Tj ET Q q 0 0 0 rg BT 219.22 350.00 Td (solutions ) Tj ET Q q 0 0 0 rg BT 257.68 350.00 Td (designed ) Tj ET Q q 0 0 0 rg BT 295.57 350.00 Td (to ) Tj ET Q q 0 0 0 rg BT 305.69 350.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 327.46 350.00 Td (customers) Tj ET Q q 0 0 0 rg BT 370.59 350.00 Td ( ) Tj ET Q q 0 0 0 rg BT 372.94 350.00 Td (changing ) Tj ET Q q 0 0 0 rg BT 411.93 350.00 Td (needs. ) Tj ET Q q 0 0 0 rg BT 439.37 350.00 Td (W) Tj ET Q q 0 0 0 rg BT 448.01 350.00 Td (e ) Tj ET Q q 0 0 0 rg BT 454.79 350.00 Td (work ) Tj ET Q q 0 0 0 rg BT 477.68 350.00 Td (hand-in-hand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 338.00 Td (with ) Tj ET Q q 0 0 0 rg BT 101.29 338.00 Td (our ) Tj ET Q q 0 0 0 rg BT 117.13 338.00 Td (distributors ) Tj ET Q q 0 0 0 rg BT 165.20 338.00 Td (to ) Tj ET Q q 0 0 0 rg BT 175.49 338.00 Td (devise ) Tj ET Q q 0 0 0 rg BT 203.55 338.00 Td (the ) Tj ET Q q 0 0 0 rg BT 218.28 338.00 Td (most ) Tj ET Q q 0 0 0 rg BT 240.24 338.00 Td (suitable ) Tj ET Q q 0 0 0 rg BT 273.86 338.00 Td (product ) Tj ET Q q 0 0 0 rg BT 306.92 338.00 Td (solutions ) Tj ET Q q 0 0 0 rg BT 345.55 338.00 Td (for ) Tj ET Q q 0 0 0 rg BT 359.72 338.00 Td (the ) Tj ET Q q 0 0 0 rg BT 374.45 338.00 Td (ever) Tj ET Q q 0 0 0 rg BT 391.45 338.00 Td (-changing ) Tj ET Q q 0 0 0 rg BT 433.95 338.00 Td (market. ) Tj ET Q q 0 0 0 rg BT 466.55 338.00 Td (W) Tj ET Q q 0 0 0 rg BT 475.18 338.00 Td (e ) Tj ET Q q 0 0 0 rg BT 482.13 338.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 513.52 338.00 Td (that, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 326.00 Td (on ) Tj ET Q q 0 0 0 rg BT 93.30 326.00 Td (a ) Tj ET Q q 0 0 0 rg BT 100.04 326.00 Td (practical ) Tj ET Q q 0 0 0 rg BT 136.76 326.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 161.57 326.00 Td (we ) Tj ET Q q 0 0 0 rg BT 175.53 326.00 Td (have ) Tj ET Q q 0 0 0 rg BT 196.71 326.00 Td (a ) Tj ET Q q 0 0 0 rg BT 203.45 326.00 Td (unique ) Tj ET Q q 0 0 0 rg BT 232.97 326.00 Td (understanding ) Tj ET Q q 0 0 0 rg BT 291.93 326.00 Td (of ) Tj ET Q q 0 0 0 rg BT 302.56 326.00 Td (the ) Tj ET Q q 0 0 0 rg BT 317.08 326.00 Td (safety) Tj ET Q q 0 0 0 rg BT 340.30 326.00 Td (, ) Tj ET Q q 0 0 0 rg BT 345.11 326.00 Td (accumulation, ) Tj ET Q q 0 0 0 rg BT 403.78 326.00 Td (protection, ) Tj ET Q q 0 0 0 rg BT 449.12 326.00 Td (and ) Tj ET Q q 0 0 0 rg BT 465.86 326.00 Td (income ) Tj ET Q q 0 0 0 rg BT 497.60 326.00 Td (needs ) Tj ET Q q 0 0 0 rg BT 522.67 326.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 314.00 Td (middle-income ) Tj ET Q q 0 0 0 rg BT 143.49 314.00 Td (Americans. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 288.50 Td (Annuity ) Tj ET Q q 0 0 0 rg BT 118.51 288.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 128.88 288.50 Td (oducts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 272.50 Td (Through ) Tj ET Q q 0 0 0 rg BT 141.31 272.50 Td (our ) Tj ET Q q 0 0 0 rg BT 156.51 272.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 196.70 272.50 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 248.29 272.50 Td (we ) Tj ET Q q 0 0 0 rg BT 261.82 272.50 Td (issue ) Tj ET Q q 0 0 0 rg BT 283.70 272.50 Td (a ) Tj ET Q q 0 0 0 rg BT 290.01 272.50 Td (broad ) Tj ET Q q 0 0 0 rg BT 314.65 272.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 351.52 272.50 Td (of ) Tj ET Q q 0 0 0 rg BT 361.72 272.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 396.90 272.50 Td (annuities ) Tj ET Q q 0 0 0 rg BT 434.87 272.50 Td (\(fixed ) Tj ET Q q 0 0 0 rg BT 460.62 272.50 Td (indexed ) Tj ET Q q 0 0 0 rg BT 494.15 272.50 Td (and ) Tj ET Q q 0 0 0 rg BT 510.46 272.50 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 260.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 98.73 260.50 Td (annuities\) ) Tj ET Q q 0 0 0 rg BT 140.91 260.50 Td (and ) Tj ET Q q 0 0 0 rg BT 158.09 260.50 Td (immediate ) Tj ET Q q 0 0 0 rg BT 203.04 260.50 Td (annuities. ) Tj ET Q q 0 0 0 rg BT 243.78 260.50 Td (A) Tj ET Q q 0 0 0 rg BT 250.45 260.50 Td ( ) Tj ET Q q 0 0 0 rg BT 253.20 260.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 289.25 260.50 Td (annuity ) Tj ET Q q 0 0 0 rg BT 321.99 260.50 Td (is ) Tj ET Q q 0 0 0 rg BT 331.40 260.50 Td (a ) Tj ET Q q 0 0 0 rg BT 338.58 260.50 Td (type ) Tj ET Q q 0 0 0 rg BT 358.54 260.50 Td (of ) Tj ET Q q 0 0 0 rg BT 369.62 260.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 404.56 260.50 Td (that ) Tj ET Q q 0 0 0 rg BT 422.30 260.50 Td (accumulates ) Tj ET Q q 0 0 0 rg BT 474.47 260.50 Td (value ) Tj ET Q q 0 0 0 rg BT 498.87 260.50 Td (on ) Tj ET Q q 0 0 0 rg BT 511.61 260.50 Td (a ) Tj ET Q q 0 0 0 rg BT 518.79 260.50 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 248.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 117.23 248.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 140.16 248.50 Td (and ) Tj ET Q q 0 0 0 rg BT 157.52 248.50 Td (typically ) Tj ET Q q 0 0 0 rg BT 195.44 248.50 Td (begins ) Tj ET Q q 0 0 0 rg BT 224.47 248.50 Td (making ) Tj ET Q q 0 0 0 rg BT 257.40 248.50 Td (specified ) Tj ET Q q 0 0 0 rg BT 296.42 248.50 Td (periodic ) Tj ET Q q 0 0 0 rg BT 332.11 248.50 Td (or ) Tj ET Q q 0 0 0 rg BT 343.36 248.50 Td (lump ) Tj ET Q q 0 0 0 rg BT 366.84 248.50 Td (sum ) Tj ET Q q 0 0 0 rg BT 386.44 248.50 Td (payments ) Tj ET Q q 0 0 0 rg BT 427.69 248.50 Td (a ) Tj ET Q q 0 0 0 rg BT 435.06 248.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 465.19 248.50 Td (number ) Tj ET Q q 0 0 0 rg BT 498.66 248.50 Td (of ) Tj ET Q q 0 0 0 rg BT 509.92 248.50 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 236.50 Td (after ) Tj ET Q q 0 0 0 rg BT 100.93 236.50 Td (the ) Tj ET Q q 0 0 0 rg BT 114.77 236.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 148.59 236.50 Td (has ) Tj ET Q q 0 0 0 rg BT 163.54 236.50 Td (been ) Tj ET Q q 0 0 0 rg BT 184.03 236.50 Td (issued. ) Tj ET Q q 0 0 0 rg BT 212.79 236.50 Td (An ) Tj ET Q q 0 0 0 rg BT 226.63 236.50 Td (immediate ) Tj ET Q q 0 0 0 rg BT 270.45 236.50 Td (annuity ) Tj ET Q q 0 0 0 rg BT 302.07 236.50 Td (is ) Tj ET Q q 0 0 0 rg BT 310.35 236.50 Td (a ) Tj ET Q q 0 0 0 rg BT 316.41 236.50 Td (type ) Tj ET Q q 0 0 0 rg BT 335.25 236.50 Td (of ) Tj ET Q q 0 0 0 rg BT 345.19 236.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 379.01 236.50 Td (that ) Tj ET Q q 0 0 0 rg BT 395.63 236.50 Td (begins ) Tj ET Q q 0 0 0 rg BT 423.35 236.50 Td (making ) Tj ET Q q 0 0 0 rg BT 454.96 236.50 Td (specified ) Tj ET Q q 0 0 0 rg BT 492.68 236.50 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 224.50 Td (within ) Tj ET Q q 0 0 0 rg BT 108.31 224.50 Td (one ) Tj ET Q q 0 0 0 rg BT 124.50 224.50 Td (annuity ) Tj ET Q q 0 0 0 rg BT 156.25 224.50 Td (period ) Tj ET Q q 0 0 0 rg BT 183.54 224.50 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 205.57 224.50 Td (one ) Tj ET Q q 0 0 0 rg BT 221.76 224.50 Td (month ) Tj ET Q q 0 0 0 rg BT 249.06 224.50 Td (or ) Tj ET Q q 0 0 0 rg BT 259.15 224.50 Td (one ) Tj ET Q q 0 0 0 rg BT 275.34 224.50 Td (year\) ) Tj ET Q q 0 0 0 rg BT 297.63 224.50 Td (and ) Tj ET Q q 0 0 0 rg BT 313.82 224.50 Td (typically ) Tj ET Q q 0 0 0 rg BT 350.56 224.50 Td (pays ) Tj ET Q q 0 0 0 rg BT 370.64 224.50 Td (principal ) Tj ET Q q 0 0 0 rg BT 407.93 224.50 Td (and ) Tj ET Q q 0 0 0 rg BT 424.13 224.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 459.75 224.50 Td (in ) Tj ET Q q 0 0 0 rg BT 469.28 224.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 492.69 224.50 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 212.50 Td (over ) Tj ET Q q 0 0 0 rg BT 101.27 212.50 Td (some ) Tj ET Q q 0 0 0 rg BT 124.88 212.50 Td (period ) Tj ET Q q 0 0 0 rg BT 152.92 212.50 Td (of ) Tj ET Q q 0 0 0 rg BT 163.75 212.50 Td (time. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 187.00 Td (Deferr) Tj ET Q q 0 0 0 rg BT 109.13 187.00 Td (ed ) Tj ET Q q 0 0 0 rg BT 121.07 187.00 Td (Annuities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 105.00 171.00 Td (FIAs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.12 171.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.97 171.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 150.88 171.00 Td (FIAs ) Tj ET Q q 0 0 0 rg BT 174.23 171.00 Td (allow ) Tj ET Q q 0 0 0 rg BT 199.80 171.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 235.35 171.00 Td (owners ) Tj ET Q q 0 0 0 rg BT 267.59 171.00 Td (the ) Tj ET Q q 0 0 0 rg BT 283.15 171.00 Td (possibility ) Tj ET Q q 0 0 0 rg BT 328.18 171.00 Td (of ) Tj ET Q q 0 0 0 rg BT 339.86 171.00 Td (earning ) Tj ET Q q 0 0 0 rg BT 373.20 171.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 405.98 171.00 Td (based ) Tj ET Q q 0 0 0 rg BT 432.10 171.00 Td (on ) Tj ET Q q 0 0 0 rg BT 445.45 171.00 Td (the ) Tj ET Q q 0 0 0 rg BT 461.02 171.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 514.90 171.00 Td (of ) Tj ET Q q 0 0 0 rg BT 526.58 171.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 159.00 Td (specified ) Tj ET Q q 0 0 0 rg BT 120.79 159.00 Td (market ) Tj ET Q q 0 0 0 rg BT 152.25 159.00 Td (index, ) Tj ET Q q 0 0 0 rg BT 180.67 159.00 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 242.69 159.00 Td (the ) Tj ET Q q 0 0 0 rg BT 258.60 159.00 Td (S&P) Tj ET Q q 0 0 0 rg BT 277.14 159.00 Td ( ) Tj ET Q q 0 0 0 rg BT 280.83 159.00 Td (500 ) Tj ET Q q 0 0 0 rg BT 299.53 159.00 Td (Index, ) Tj ET Q q 0 0 0 rg BT 328.50 159.00 Td (without ) Tj ET Q q 0 0 0 rg BT 362.76 159.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 381.45 159.00 Td (to ) Tj ET Q q 0 0 0 rg BT 392.93 159.00 Td (principal. ) Tj ET Q q 0 0 0 rg BT 434.40 159.00 Td (The ) Tj ET Q q 0 0 0 rg BT 453.65 159.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 493.44 159.00 Td (include ) Tj ET Q q 0 0 0 rg BT 526.58 159.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 147.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 120.73 147.00 Td (for ) Tj ET Q q 0 0 0 rg BT 134.35 147.00 Td (a ) Tj ET Q q 0 0 0 rg BT 140.74 147.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 181.59 147.00 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 227.40 147.00 Td (surrender ) Tj ET Q q 0 0 0 rg BT 267.12 147.00 Td (value ) Tj ET Q q 0 0 0 rg BT 290.73 147.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 333.21 147.00 Td (in ) Tj ET Q q 0 0 0 rg BT 342.94 147.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 389.86 147.00 Td (with ) Tj ET Q q 0 0 0 rg BT 409.59 147.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 452.63 147.00 Td (law) Tj ET Q q 0 0 0 rg BT 466.42 147.00 Td (. ) Tj ET Q q 0 0 0 rg BT 470.45 147.00 Td (A) Tj ET Q q 0 0 0 rg BT 477.12 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 479.07 147.00 Td (market ) Tj ET Q q 0 0 0 rg BT 508.79 147.00 Td (index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 135.00 Td (tracks ) Tj ET Q q 0 0 0 rg BT 107.62 135.00 Td (the ) Tj ET Q q 0 0 0 rg BT 122.58 135.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 175.84 135.00 Td (of ) Tj ET Q q 0 0 0 rg BT 186.91 135.00 Td (a ) Tj ET Q q 0 0 0 rg BT 194.09 135.00 Td (specific ) Tj ET Q q 0 0 0 rg BT 227.93 135.00 Td (group ) Tj ET Q q 0 0 0 rg BT 254.00 135.00 Td (of ) Tj ET Q q 0 0 0 rg BT 265.07 135.00 Td (stocks ) Tj ET Q q 0 0 0 rg BT 292.81 135.00 Td (representing ) Tj ET Q q 0 0 0 rg BT 344.98 135.00 Td (a ) Tj ET Q q 0 0 0 rg BT 352.16 135.00 Td (particular ) Tj ET Q q 0 0 0 rg BT 393.21 135.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 429.28 135.00 Td (of ) Tj ET Q q 0 0 0 rg BT 440.35 135.00 Td (the ) Tj ET Q q 0 0 0 rg BT 455.31 135.00 Td (market, ) Tj ET Q q 0 0 0 rg BT 488.31 135.00 Td (or ) Tj ET Q q 0 0 0 rg BT 499.39 135.00 Td (in ) Tj ET Q q 0 0 0 rg BT 509.91 135.00 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 123.00 Td (cases ) Tj ET Q q 0 0 0 rg BT 104.20 123.00 Td (an ) Tj ET Q q 0 0 0 rg BT 115.74 123.00 Td (entire ) Tj ET Q q 0 0 0 rg BT 140.60 123.00 Td (market. ) Tj ET Q q 0 0 0 rg BT 172.97 123.00 Td (For ) Tj ET Q q 0 0 0 rg BT 188.96 123.00 Td (example, ) Tj ET Q q 0 0 0 rg BT 227.43 123.00 Td (the ) Tj ET Q q 0 0 0 rg BT 241.75 123.00 Td (S&P) Tj ET Q q 0 0 0 rg BT 260.28 123.00 Td ( ) Tj ET Q q 0 0 0 rg BT 262.38 123.00 Td (500 ) Tj ET Q q 0 0 0 rg BT 279.48 123.00 Td (Composite ) Tj ET Q q 0 0 0 rg BT 324.92 123.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 349.80 123.00 Td (Price ) Tj ET Q q 0 0 0 rg BT 372.45 123.00 Td (Index ) Tj ET Q q 0 0 0 rg BT 397.32 123.00 Td (is ) Tj ET Q q 0 0 0 rg BT 406.09 123.00 Td (an ) Tj ET Q q 0 0 0 rg BT 417.63 123.00 Td (index ) Tj ET Q q 0 0 0 rg BT 441.95 123.00 Td (of ) Tj ET Q q 0 0 0 rg BT 452.38 123.00 Td (500 ) Tj ET Q q 0 0 0 rg BT 469.48 123.00 Td (stocks ) Tj ET Q q 0 0 0 rg BT 496.58 123.00 Td (intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 111.00 Td (to ) Tj ET Q q 0 0 0 rg BT 90.90 111.00 Td (be ) Tj ET Q q 0 0 0 rg BT 102.45 111.00 Td (representative ) Tj ET Q q 0 0 0 rg BT 160.65 111.00 Td (of ) Tj ET Q q 0 0 0 rg BT 171.09 111.00 Td (a ) Tj ET Q q 0 0 0 rg BT 177.65 111.00 Td (broad ) Tj ET Q q 0 0 0 rg BT 202.53 111.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 237.98 111.00 Td (of ) Tj ET Q q 0 0 0 rg BT 248.42 111.00 Td (the ) Tj ET Q q 0 0 0 rg BT 262.76 111.00 Td (market. ) Tj ET Q q 0 0 0 rg BT 294.67 111.00 Td (All ) Tj ET Q q 0 0 0 rg BT 309.56 111.00 Td (FIA) Tj ET Q q 0 0 0 rg BT 325.13 111.00 Td ( ) Tj ET Q q 0 0 0 rg BT 327.24 111.00 Td (products ) Tj ET Q q 0 0 0 rg BT 363.80 111.00 Td (allow ) Tj ET Q q 0 0 0 rg BT 388.13 111.00 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 444.68 111.00 Td (to ) Tj ET Q q 0 0 0 rg BT 454.58 111.00 Td (allocate ) Tj ET Q q 0 0 0 rg BT 487.78 111.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 512.12 111.00 Td (once ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 99.00 Td (a ) Tj ET Q q 0 0 0 rg BT 87.81 99.00 Td (year ) Tj ET Q q 0 0 0 rg BT 107.40 99.00 Td (among ) Tj ET Q q 0 0 0 rg BT 136.99 99.00 Td (several ) Tj ET Q q 0 0 0 rg BT 167.68 99.00 Td (dif) Tj ET Q q 0 0 0 rg BT 178.61 99.00 Td (ferent ) Tj ET Q q 0 0 0 rg BT 204.30 99.00 Td (crediting ) Tj ET Q q 0 0 0 rg BT 242.22 99.00 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 284.85 99.00 Td (including ) Tj ET Q q 0 0 0 rg BT 325.00 99.00 Td (one ) Tj ET Q q 0 0 0 rg BT 341.82 99.00 Td (or ) Tj ET Q q 0 0 0 rg BT 352.52 99.00 Td (more ) Tj ET Q q 0 0 0 rg BT 375.45 99.00 Td (index-based ) Tj ET Q q 0 0 0 rg BT 426.14 99.00 Td (strategies ) Tj ET Q q 0 0 0 rg BT 466.28 99.00 Td (and ) Tj ET Q q 0 0 0 rg BT 483.09 99.00 Td (a ) Tj ET Q q 0 0 0 rg BT 489.90 99.00 Td (traditional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 87.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 104.15 87.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 121.73 87.00 Td (strategy) Tj ET Q q 0 0 0 rg BT 152.74 87.00 Td (. ) Tj ET Q q 0 0 0 rg BT 157.84 87.00 Td (High ) Tj ET Q q 0 0 0 rg BT 180.43 87.00 Td (surrender ) Tj ET Q q 0 0 0 rg BT 220.79 87.00 Td (char) Tj ET Q q 0 0 0 rg BT 237.82 87.00 Td (ges ) Tj ET Q q 0 0 0 rg BT 253.75 87.00 Td (apply ) Tj ET Q q 0 0 0 rg BT 278.56 87.00 Td (for ) Tj ET Q q 0 0 0 rg BT 292.82 87.00 Td (early ) Tj ET Q q 0 0 0 rg BT 315.41 87.00 Td (withdrawal, ) Tj ET Q q 0 0 0 rg BT 365.49 87.00 Td (typically ) Tj ET Q q 0 0 0 rg BT 403.08 87.00 Td (for ) Tj ET Q q 0 0 0 rg BT 417.34 87.00 Td (seven ) Tj ET Q q 0 0 0 rg BT 442.71 87.00 Td (to ) Tj ET Q q 0 0 0 rg BT 453.09 87.00 Td (fourteen ) Tj ET Q q 0 0 0 rg BT 489.00 87.00 Td (years ) Tj ET Q q 0 0 0 rg BT 512.70 87.00 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 75.00 Td (purchase.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 38.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.40 735.60 Td (value ) Tj ET Q q 0 0 0 rg BT 147.91 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 158.55 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.62 735.60 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 234.22 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 245.41 735.60 Td (an ) Tj ET Q q 0 0 0 rg BT 257.70 735.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 273.26 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 276.12 735.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 311.18 735.60 Td (is ) Tj ET Q q 0 0 0 rg BT 320.70 735.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 345.21 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 355.85 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.92 735.60 Td (sum ) Tj ET Q q 0 0 0 rg BT 390.45 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 401.63 735.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 437.26 735.60 Td (paid, ) Tj ET Q q 0 0 0 rg BT 459.84 735.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 498.80 735.60 Td (bonuses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (\(described ) Tj ET Q q 0 0 0 rg BT 125.49 723.60 Td (below\), ) Tj ET Q q 0 0 0 rg BT 158.61 723.60 Td (index ) Tj ET Q q 0 0 0 rg BT 183.68 723.60 Td (credits, ) Tj ET Q q 0 0 0 rg BT 215.68 723.60 Td (up ) Tj ET Q q 0 0 0 rg BT 228.53 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.16 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 246.45 723.60 Td (cap ) Tj ET Q q 0 0 0 rg BT 263.17 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.46 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 287.75 723.60 Td (participation ) Tj ET Q q 0 0 0 rg BT 341.13 723.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 358.97 723.60 Td (based ) Tj ET Q q 0 0 0 rg BT 384.59 723.60 Td (on ) Tj ET Q q 0 0 0 rg BT 397.44 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.50 723.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 442.01 723.60 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 494.27 723.60 Td (\(based ) Tj ET Q q 0 0 0 rg BT 523.22 723.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 109.81 711.60 Td (situations ) Tj ET Q q 0 0 0 rg BT 149.76 711.60 Td (on ) Tj ET Q q 0 0 0 rg BT 161.38 711.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 189.64 711.60 Td (point-to-point, ) Tj ET Q q 0 0 0 rg BT 249.31 711.60 Td (monthly ) Tj ET Q q 0 0 0 rg BT 284.26 711.60 Td (point-to-point ) Tj ET Q q 0 0 0 rg BT 341.42 711.60 Td (or ) Tj ET Q q 0 0 0 rg BT 351.36 711.60 Td (monthly ) Tj ET Q q 0 0 0 rg BT 386.31 711.60 Td (average ) Tj ET Q q 0 0 0 rg BT 419.01 711.60 Td (calculations\) ) Tj ET Q q 0 0 0 rg BT 471.71 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 481.10 711.60 Td (a ) Tj ET Q q 0 0 0 rg BT 487.15 711.60 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (market ) Tj ET Q q 0 0 0 rg BT 111.62 699.60 Td (index ) Tj ET Q q 0 0 0 rg BT 136.70 699.60 Td (less ) Tj ET Q q 0 0 0 rg BT 154.56 699.60 Td (any ) Tj ET Q q 0 0 0 rg BT 171.85 699.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 190.81 699.60 Td (for ) Tj ET Q q 0 0 0 rg BT 205.33 699.60 Td (riders. ) Tj ET Q q 0 0 0 rg BT 233.46 699.60 Td (Caps ) Tj ET Q q 0 0 0 rg BT 256.32 699.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 296.38 699.60 Td (range ) Tj ET Q q 0 0 0 rg BT 321.44 699.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.74 699.60 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.07 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 359.93 699.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.57 699.60 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.90 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 386.76 699.60 Td (when ) Tj ET Q q 0 0 0 rg BT 411.28 699.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 452.45 699.60 Td (annually ) Tj ET Q q 0 0 0 rg BT 489.74 699.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.04 699.60 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.37 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.23 699.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.33 687.60 Td ( ) Tj ET Q q 0 0 0 rg BT 96.55 687.60 Td (when ) Tj ET Q q 0 0 0 rg BT 120.43 687.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 160.97 687.60 Td (monthly) Tj ET Q q 0 0 0 rg BT 193.66 687.60 Td (, ) Tj ET Q q 0 0 0 rg BT 198.38 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 215.04 687.60 Td (participation ) Tj ET Q q 0 0 0 rg BT 267.80 687.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 288.90 687.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 328.32 687.60 Td (range ) Tj ET Q q 0 0 0 rg BT 352.75 687.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.41 687.60 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.74 687.60 Td ( ) Tj ET Q q 0 0 0 rg BT 394.96 687.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.96 687.60 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.29 687.60 Td ( ) Tj ET Q q 0 0 0 rg BT 430.51 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.06 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 455.50 687.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 508.25 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 687.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 124.54 675.60 Td (market ) Tj ET Q q 0 0 0 rg BT 154.75 675.60 Td (index. ) Tj ET Q q 0 0 0 rg BT 181.73 675.60 Td (The ) Tj ET Q q 0 0 0 rg BT 199.72 675.60 Td (cap ) Tj ET Q q 0 0 0 rg BT 216.05 675.60 Td (can ) Tj ET Q q 0 0 0 rg BT 232.37 675.60 Td (be ) Tj ET Q q 0 0 0 rg BT 244.26 675.60 Td (reset ) Tj ET Q q 0 0 0 rg BT 265.58 675.60 Td (annually) Tj ET Q q 0 0 0 rg BT 299.36 675.60 Td (. ) Tj ET Q q 0 0 0 rg BT 304.31 675.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 336.19 675.60 Td (riders ) Tj ET Q q 0 0 0 rg BT 361.40 675.60 Td (allow ) Tj ET Q q 0 0 0 rg BT 386.07 675.60 Td (for ) Tj ET Q q 0 0 0 rg BT 400.17 675.60 Td (a ) Tj ET Q q 0 0 0 rg BT 407.06 675.60 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 467.25 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 477.48 675.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 512.68 675.60 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (cap ) Tj ET Q q 0 0 0 rg BT 97.96 663.60 Td (for ) Tj ET Q q 0 0 0 rg BT 112.70 663.60 Td (a ) Tj ET Q q 0 0 0 rg BT 120.22 663.60 Td (set ) Tj ET Q q 0 0 0 rg BT 134.41 663.60 Td (fee. ) Tj ET Q q 0 0 0 rg BT 151.52 663.60 Td (As ) Tj ET Q q 0 0 0 rg BT 165.72 663.60 Td (this ) Tj ET Q q 0 0 0 rg BT 183.25 663.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 198.54 663.60 Td (is ) Tj ET Q q 0 0 0 rg BT 208.29 663.60 Td (fixed, ) Tj ET Q q 0 0 0 rg BT 234.42 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.72 663.60 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 310.55 663.60 Td (may ) Tj ET Q q 0 0 0 rg BT 330.85 663.60 Td (lose ) Tj ET Q q 0 0 0 rg BT 350.04 663.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 388.67 663.60 Td (if ) Tj ET Q q 0 0 0 rg BT 397.86 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 413.16 663.60 Td (index ) Tj ET Q q 0 0 0 rg BT 438.46 663.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 468.19 663.60 Td (received ) Tj ET Q q 0 0 0 rg BT 505.14 663.60 Td (do ) Tj ET Q q 0 0 0 rg BT 518.22 663.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 111.25 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.97 651.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 158.47 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.30 651.60 Td (such ) Tj ET Q q 0 0 0 rg BT 190.13 651.60 Td (fee. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 630.60 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.08 630.60 Td (88%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.41 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 188.94 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.80 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.56 630.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 230.12 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 232.65 630.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 254.62 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 268.82 630.60 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.24 630.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.24 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 317.77 630.60 Td (involved ) Tj ET Q q 0 0 0 rg BT 355.30 630.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 398.38 630.60 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 437.57 630.60 Td (or ) Tj ET Q q 0 0 0 rg BT 448.44 630.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 479.86 630.60 Td (bonuses. ) Tj ET Q q 0 0 0 rg BT 517.11 630.60 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 118.91 618.60 Td (bonuses, ) Tj ET Q q 0 0 0 rg BT 155.43 618.60 Td (we ) Tj ET Q q 0 0 0 rg BT 168.90 618.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 208.46 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.48 618.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 247.61 618.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 279.41 618.60 Td (deposit ) Tj ET Q q 0 0 0 rg BT 310.10 618.60 Td (by ) Tj ET Q q 0 0 0 rg BT 321.91 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 328.15 618.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 366.05 618.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 403.95 618.60 Td (bonus ) Tj ET Q q 0 0 0 rg BT 429.65 618.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.78 618.60 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.11 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 454.92 618.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 618.60 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.83 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 479.64 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 495.88 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 502.12 618.60 Td (vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 606.60 Td (bonus ) Tj ET Q q 0 0 0 rg BT 107.19 606.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.82 606.60 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.15 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 133.44 606.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.52 606.60 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.85 606.60 Td (. ) Tj ET Q q 0 0 0 rg BT 161.48 606.60 Td (The ) Tj ET Q q 0 0 0 rg BT 179.33 606.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 210.51 606.60 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 245.03 606.60 Td (are ) Tj ET Q q 0 0 0 rg BT 259.53 606.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 288.48 606.60 Td (over ) Tj ET Q q 0 0 0 rg BT 308.54 606.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 331.11 606.60 Td (which ) Tj ET Q q 0 0 0 rg BT 357.85 606.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 396.79 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.31 606.60 Td (account ) Tj ET Q q 0 0 0 rg BT 444.70 606.60 Td (value ) Tj ET Q q 0 0 0 rg BT 468.65 606.60 Td (when ) Tj ET Q q 0 0 0 rg BT 492.61 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 507.12 606.60 Td (bonus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 89.82 594.60 Td (settled. ) Tj ET Q q 0 0 0 rg BT 120.42 594.60 Td (W) Tj ET Q q 0 0 0 rg BT 129.06 594.60 Td (e ) Tj ET Q q 0 0 0 rg BT 135.65 594.60 Td (made ) Tj ET Q q 0 0 0 rg BT 159.46 594.60 Td (compensating ) Tj ET Q q 0 0 0 rg BT 217.16 594.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 267.08 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 277.02 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.39 594.60 Td (commission ) Tj ET Q q 0 0 0 rg BT 341.87 594.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 361.24 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 371.18 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.55 594.60 Td (agent ) Tj ET Q q 0 0 0 rg BT 409.35 594.60 Td (or ) Tj ET Q q 0 0 0 rg BT 419.84 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.21 594.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 474.12 594.60 Td (char) Tj ET Q q 0 0 0 rg BT 491.15 594.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 506.63 594.60 Td (on ) Tj ET Q q 0 0 0 rg BT 518.78 594.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 582.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 108.50 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 118.77 582.60 Td (of) Tj ET Q q 0 0 0 rg BT 126.92 582.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 143.86 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.58 582.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 197.18 582.60 Td (bonus. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 561.60 Td (As ) Tj ET Q q 0 0 0 rg BT 118.80 561.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.81 561.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 190.26 561.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.26 561.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.45 561.60 Td (82%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.78 561.60 Td ( ) Tj ET Q q 0 0 0 rg BT 236.46 561.60 Td (of ) Tj ET Q q 0 0 0 rg BT 247.47 561.60 Td (our ) Tj ET Q q 0 0 0 rg BT 263.49 561.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 279.05 561.60 Td ( ) Tj ET Q q 0 0 0 rg BT 281.74 561.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 320.51 561.60 Td (were ) Tj ET Q q 0 0 0 rg BT 342.63 561.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 370.31 561.60 Td (with ) Tj ET Q q 0 0 0 rg BT 390.77 561.60 Td (a ) Tj ET Q q 0 0 0 rg BT 397.90 561.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 444.44 561.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 486.02 561.60 Td (withdrawal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 549.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 111.19 549.60 Td (\(GMWB\) ) Tj ET Q q 0 0 0 rg BT 161.37 549.60 Td (rider) Tj ET Q q 0 0 0 rg BT 179.69 549.60 Td (. ) Tj ET Q q 0 0 0 rg BT 184.44 549.60 Td (W) Tj ET Q q 0 0 0 rg BT 193.48 549.60 Td (ith ) Tj ET Q q 0 0 0 rg BT 206.46 549.60 Td (this ) Tj ET Q q 0 0 0 rg BT 223.33 549.60 Td (rider) Tj ET Q q 0 0 0 rg BT 241.80 549.60 Td (, ) Tj ET Q q 0 0 0 rg BT 246.72 549.60 Td (a ) Tj ET Q q 0 0 0 rg BT 253.58 549.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 288.21 549.60 Td (owner ) Tj ET Q q 0 0 0 rg BT 315.62 549.60 Td (can ) Tj ET Q q 0 0 0 rg BT 331.92 549.60 Td (elect ) Tj ET Q q 0 0 0 rg BT 353.21 549.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.41 549.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 394.70 549.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 440.98 549.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 481.73 549.60 Td (for ) Tj ET Q q 0 0 0 rg BT 495.81 549.60 Td (life ) Tj ET Q q 0 0 0 rg BT 511.56 549.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 537.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.35 537.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 110.91 537.60 Td ( ) Tj ET Q q 0 0 0 rg BT 113.04 537.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 147.37 537.60 Td (without ) Tj ET Q q 0 0 0 rg BT 180.06 537.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 218.84 537.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.19 537.60 Td (owner ) Tj ET Q q 0 0 0 rg BT 260.31 537.60 Td (to ) Tj ET Q q 0 0 0 rg BT 270.22 537.60 Td (annuitize ) Tj ET Q q 0 0 0 rg BT 309.00 537.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.35 537.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 338.91 537.60 Td ( ) Tj ET Q q 0 0 0 rg BT 341.04 537.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 375.37 537.60 Td (value. ) Tj ET Q q 0 0 0 rg BT 401.50 537.60 Td (The ) Tj ET Q q 0 0 0 rg BT 419.18 537.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 451.31 537.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.77 537.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.11 537.60 Td (living ) Tj ET Q q 0 0 0 rg BT 501.58 537.60 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 525.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 110.83 525.60 Td (available ) Tj ET Q q 0 0 0 rg BT 148.98 525.60 Td (is ) Tj ET Q q 0 0 0 rg BT 157.71 525.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 204.75 525.60 Td (by ) Tj ET Q q 0 0 0 rg BT 216.82 525.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.10 525.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 261.49 525.60 Td (in ) Tj ET Q q 0 0 0 rg BT 271.33 525.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.61 525.60 Td (policy's ) Tj ET Q q 0 0 0 rg BT 318.36 525.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 348.19 525.60 Td (base ) Tj ET Q q 0 0 0 rg BT 368.02 525.60 Td (value ) Tj ET Q q 0 0 0 rg BT 391.74 525.60 Td (as ) Tj ET Q q 0 0 0 rg BT 402.13 525.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 434.18 525.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.02 525.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.30 525.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 473.86 525.60 Td ( ) Tj ET Q q 0 0 0 rg BT 475.93 525.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 510.19 525.60 Td (rider) Tj ET Q q 0 0 0 rg BT 528.52 525.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 513.60 Td (T) Tj ET Q q 0 0 0 rg BT 86.41 513.60 Td (ypically ) Tj ET Q q 0 0 0 rg BT 120.68 513.60 Td (this ) Tj ET Q q 0 0 0 rg BT 137.19 513.60 Td (accumulates ) Tj ET Q q 0 0 0 rg BT 188.67 513.60 Td (for ) Tj ET Q q 0 0 0 rg BT 202.39 513.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 214.45 513.60 Td (years ) Tj ET Q q 0 0 0 rg BT 237.61 513.60 Td (based ) Tj ET Q q 0 0 0 rg BT 262.44 513.60 Td (on ) Tj ET Q q 0 0 0 rg BT 274.50 513.60 Td (a ) Tj ET Q q 0 0 0 rg BT 281.00 513.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 326.92 513.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 343.97 513.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.36 513.60 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.69 513.60 Td ( ) Tj ET Q q 0 0 0 rg BT 369.75 513.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.59 513.60 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.92 513.60 Td (. ) Tj ET Q q 0 0 0 rg BT 397.48 513.60 Td (Guaranteed ) Tj ET Q q 0 0 0 rg BT 445.62 513.60 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 492.67 513.60 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 501.60 Td (may ) Tj ET Q q 0 0 0 rg BT 100.86 501.60 Td (be ) Tj ET Q q 0 0 0 rg BT 112.94 501.60 Td (stopped ) Tj ET Q q 0 0 0 rg BT 146.69 501.60 Td (and ) Tj ET Q q 0 0 0 rg BT 163.77 501.60 Td (restarted ) Tj ET Q q 0 0 0 rg BT 200.84 501.60 Td (at ) Tj ET Q q 0 0 0 rg BT 210.70 501.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.56 501.60 Td (election ) Tj ET Q q 0 0 0 rg BT 259.85 501.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.83 501.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.69 501.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 320.53 501.60 Td (owner) Tj ET Q q 0 0 0 rg BT 344.97 501.60 Td (. ) Tj ET Q q 0 0 0 rg BT 350.11 501.60 Td (Some ) Tj ET Q q 0 0 0 rg BT 375.54 501.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.51 501.60 Td (the ) Tj ET Q q 0 0 0 rg BT 401.37 501.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 416.93 501.60 Td ( ) Tj ET Q q 0 0 0 rg BT 419.57 501.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 454.42 501.60 Td (riders ) Tj ET Q q 0 0 0 rg BT 479.83 501.60 Td (that ) Tj ET Q q 0 0 0 rg BT 497.47 501.60 Td (we ) Tj ET Q q 0 0 0 rg BT 511.77 501.60 Td (of) Tj ET Q q 0 0 0 rg BT 519.92 501.60 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 489.60 Td (include ) Tj ET Q q 0 0 0 rg BT 113.07 489.60 Td (an ) Tj ET Q q 0 0 0 rg BT 125.14 489.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 167.76 489.60 Td (death ) Tj ET Q q 0 0 0 rg BT 192.04 489.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 222.44 489.60 Td (or ) Tj ET Q q 0 0 0 rg BT 233.40 489.60 Td (an ) Tj ET Q q 0 0 0 rg BT 245.47 489.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 280.86 489.60 Td (in ) Tj ET Q q 0 0 0 rg BT 291.27 489.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 321.66 489.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 358.18 489.60 Td (under ) Tj ET Q q 0 0 0 rg BT 383.58 489.60 Td (chronic ) Tj ET Q q 0 0 0 rg BT 416.20 489.60 Td (health ) Tj ET Q q 0 0 0 rg BT 443.27 489.60 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 490.06 489.60 Td (Rider ) Tj ET Q q 0 0 0 rg BT 514.91 489.60 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 477.60 Td (range ) Tj ET Q q 0 0 0 rg BT 105.71 477.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.65 477.60 Td (0.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.48 477.60 Td ( ) Tj ET Q q 0 0 0 rg BT 150.98 477.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.25 477.60 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.58 477.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 456.60 Td (As ) Tj ET Q q 0 0 0 rg BT 119.25 456.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.71 456.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 191.60 456.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.60 456.60 Td (, ) Tj ET Q q 0 0 0 rg BT 217.24 456.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.59 456.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 281.83 456.60 Td (of ) Tj ET Q q 0 0 0 rg BT 293.29 456.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.64 456.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 324.20 456.60 Td ( ) Tj ET Q q 0 0 0 rg BT 327.34 456.60 Td (account ) Tj ET Q q 0 0 0 rg BT 361.56 456.60 Td (values ) Tj ET Q q 0 0 0 rg BT 390.24 456.60 Td (by ) Tj ET Q q 0 0 0 rg BT 403.37 456.60 Td (cap ) Tj ET Q q 0 0 0 rg BT 420.38 456.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 438.50 456.60 Td (and ) Tj ET Q q 0 0 0 rg BT 456.07 456.60 Td (by ) Tj ET Q q 0 0 0 rg BT 469.20 456.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 503.99 456.60 Td (was ) Tj ET Q q 0 0 0 rg BT 522.68 456.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.60 Td (follows: ) Tj ET Q q 0 0 0 rg BT 116.28 444.60 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 412.10 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 412.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 412.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 412.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 412.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 412.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 412.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 412.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 412.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 386.10 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 386.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 386.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 386.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 386.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 386.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 386.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 386.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 386.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 360.10 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 360.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 360.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 360.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 360.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 360.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 360.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 360.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 360.10 69.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 412.1 m 314.5 412.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 412.1 m 387.5 412.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 412.1 m 460.5 412.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 412.1 m 533.5 412.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 412.1 m 314.5 412.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 412.1 m 387.5 412.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 412.1 m 460.5 412.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 412.1 m 533.5 412.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 347.1 m 314.5 347.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 334.1 m 314.5 334.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 347.1 m 387.5 347.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 334.1 m 387.5 334.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 347.1 m 460.5 347.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 334.1 m 460.5 334.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 347.1 m 533.5 347.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 334.1 m 533.5 334.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 416.33 Td (Cap rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.15 416.33 Td ( 0% to 3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.15 416.33 Td ( 3% to 5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.20 416.33 Td (> 5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.75 416.33 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 403.35 Td (1 year gain trigger) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.00 403.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 403.35 Td (294) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.00 403.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.30 403.35 Td (262) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 403.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.30 403.35 Td (33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.00 403.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.30 403.35 Td (589) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 390.35 Td (1-2 year monthly average) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 390.35 Td (413) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.30 390.35 Td (808) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 390.35 Td (194) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 390.35 Td (1,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 377.35 Td (1-3 year monthly point-to-point) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.30 377.35 Td (3,911) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.30 377.35 Td (159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.30 377.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 377.35 Td (4,070) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 364.35 Td (1-3 year annual point-to-point) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.30 364.35 Td (1,089) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 364.35 Td (1,819) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 364.35 Td (353) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 364.35 Td (3,261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 351.35 Td (3 year step forward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.30 351.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.30 351.35 Td (24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 351.35 Td (127) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.30 351.35 Td (151) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.00 338.33 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.30 338.35 Td (5,707) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 338.35 Td (3,072) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 338.35 Td (707) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 338.35 Td (9,486) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 105.00 313.60 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 132.26 313.60 Td (Rate ) Tj ET Q q 0 0 0 rg BT 154.02 313.60 Td (Annuities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.04 313.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.91 313.60 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 226.06 313.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 244.41 313.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 283.89 313.60 Td (include ) Tj ET Q q 0 0 0 rg BT 316.69 313.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 346.72 313.60 Td (reset ) Tj ET Q q 0 0 0 rg BT 368.97 313.60 Td (and ) Tj ET Q q 0 0 0 rg BT 386.78 313.60 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 431.80 313.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 450.16 313.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 497.39 313.60 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 301.60 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 106.20 301.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 123.60 301.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 152.67 301.60 Td (reset ) Tj ET Q q 0 0 0 rg BT 173.96 301.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 212.48 301.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 239.90 301.60 Td (by ) Tj ET Q q 0 0 0 rg BT 252.32 301.60 Td (us ) Tj ET Q q 0 0 0 rg BT 263.63 301.60 Td (have ) Tj ET Q q 0 0 0 rg BT 284.92 301.60 Td (an ) Tj ET Q q 0 0 0 rg BT 296.78 301.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 325.85 301.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 357.70 301.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 375.10 301.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 393.07 301.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 435.46 301.60 Td (rate\) ) Tj ET Q q 0 0 0 rg BT 460.63 301.60 Td (that ) Tj ET Q q 0 0 0 rg BT 478.05 301.60 Td (is ) Tj ET Q q 0 0 0 rg BT 487.13 301.60 Td (guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 289.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.47 289.60 Td (the ) Tj ET Q q 0 0 0 rg BT 110.50 289.60 Td (first ) Tj ET Q q 0 0 0 rg BT 129.42 289.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 157.23 289.60 Td (year) Tj ET Q q 0 0 0 rg BT 173.88 289.60 Td (. ) Tj ET Q q 0 0 0 rg BT 178.57 289.60 Td (After ) Tj ET Q q 0 0 0 rg BT 202.48 289.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.51 289.60 Td (first ) Tj ET Q q 0 0 0 rg BT 236.43 289.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 264.24 289.60 Td (year) Tj ET Q q 0 0 0 rg BT 281.04 289.60 Td (, ) Tj ET Q q 0 0 0 rg BT 286.36 289.60 Td (we ) Tj ET Q q 0 0 0 rg BT 300.83 289.60 Td (have ) Tj ET Q q 0 0 0 rg BT 322.52 289.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.54 289.60 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 392.56 289.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 420.92 289.60 Td (to ) Tj ET Q q 0 0 0 rg BT 431.51 289.60 Td (change ) Tj ET Q q 0 0 0 rg BT 462.64 289.60 Td (the ) Tj ET Q q 0 0 0 rg BT 477.67 289.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 516.02 289.60 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 277.60 Td (once ) Tj ET Q q 0 0 0 rg BT 102.45 277.60 Td (annually ) Tj ET Q q 0 0 0 rg BT 139.46 277.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.82 277.60 Td (any ) Tj ET Q q 0 0 0 rg BT 166.84 277.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 184.40 277.60 Td (at ) Tj ET Q q 0 0 0 rg BT 194.19 277.60 Td (or ) Tj ET Q q 0 0 0 rg BT 205.10 277.60 Td (above ) Tj ET Q q 0 0 0 rg BT 231.55 277.60 Td (a ) Tj ET Q q 0 0 0 rg BT 238.57 277.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 285.01 277.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 326.48 277.60 Td (rate. ) Tj ET Q q 0 0 0 rg BT 346.54 277.60 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 371.90 277.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 389.46 277.60 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 433.69 277.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 480.13 277.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 518.81 277.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 265.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 110.82 265.60 Td (to ) Tj ET Q q 0 0 0 rg BT 120.65 265.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 143.24 265.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 160.27 265.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 188.98 265.60 Td (reset ) Tj ET Q q 0 0 0 rg BT 209.90 265.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 248.05 265.60 Td (except ) Tj ET Q q 0 0 0 rg BT 276.19 265.60 Td (that ) Tj ET Q q 0 0 0 rg BT 293.23 265.60 Td (the ) Tj ET Q q 0 0 0 rg BT 307.50 265.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 332.88 265.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 370.47 265.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 387.50 265.60 Td (is ) Tj ET Q q 0 0 0 rg BT 396.22 265.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 442.13 265.60 Td (for ) Tj ET Q q 0 0 0 rg BT 455.83 265.60 Td (a ) Tj ET Q q 0 0 0 rg BT 462.32 265.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 500.46 265.60 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 253.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.16 253.60 Td (years ) Tj ET Q q 0 0 0 rg BT 114.09 253.60 Td (before ) Tj ET Q q 0 0 0 rg BT 141.46 253.60 Td (it ) Tj ET Q q 0 0 0 rg BT 148.85 253.60 Td (may ) Tj ET Q q 0 0 0 rg BT 167.90 253.60 Td (be ) Tj ET Q q 0 0 0 rg BT 179.17 253.60 Td (changed ) Tj ET Q q 0 0 0 rg BT 214.32 253.60 Td (at ) Tj ET Q q 0 0 0 rg BT 223.37 253.60 Td (our ) Tj ET Q q 0 0 0 rg BT 238.53 253.60 Td (discretion. ) Tj ET Q q 0 0 0 rg BT 282.30 253.60 Td (For ) Tj ET Q q 0 0 0 rg BT 298.02 253.60 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.74 253.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.74 253.60 Td (, ) Tj ET Q q 0 0 0 rg BT 348.07 253.60 Td (we ) Tj ET Q q 0 0 0 rg BT 361.57 253.60 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.07 253.60 Td ($94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.07 253.60 Td ( ) Tj ET Q q 0 0 0 rg BT 396.90 253.60 Td (in ) Tj ET Q q 0 0 0 rg BT 406.51 253.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 428.89 253.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 445.71 253.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 474.20 253.60 Td (reset ) Tj ET Q q 0 0 0 rg BT 494.91 253.60 Td (annuities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 241.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.93 241.60 Td ($536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.93 241.60 Td ( ) Tj ET Q q 0 0 0 rg BT 120.42 241.60 Td (of ) Tj ET Q q 0 0 0 rg BT 131.24 241.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 154.28 241.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 171.75 241.60 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 215.89 241.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 262.25 241.60 Td (annuities. ) Tj ET Q q 0 0 0 rg BT 302.79 241.60 Td (As ) Tj ET Q q 0 0 0 rg BT 316.39 241.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.21 241.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 387.47 241.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.47 241.60 Td (, ) Tj ET Q q 0 0 0 rg BT 412.46 241.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 450.49 241.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 471.86 241.60 Td (on ) Tj ET Q q 0 0 0 rg BT 484.35 241.60 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 229.60 Td (\(i\)single-year ) Tj ET Q q 0 0 0 rg BT 138.70 229.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 183.90 229.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 221.35 229.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 259.89 229.60 Td (ranged ) Tj ET Q q 0 0 0 rg BT 288.43 229.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.21 229.60 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.54 229.60 Td ( ) Tj ET Q q 0 0 0 rg BT 323.88 229.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 229.60 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.33 229.60 Td ( ) Tj ET Q q 0 0 0 rg BT 347.67 229.60 Td (and ) Tj ET Q q 0 0 0 rg BT 363.45 229.60 Td (\(ii\)multi-year ) Tj ET Q q 0 0 0 rg BT 421.15 229.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 466.35 229.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 503.80 229.60 Td (ranged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 217.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.63 217.60 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.96 217.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.15 217.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.12 217.60 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.45 217.60 Td (. ) Tj ET Q q 0 0 0 rg BT 145.99 217.60 Td (The ) Tj ET Q q 0 0 0 rg BT 163.73 217.60 Td (average ) Tj ET Q q 0 0 0 rg BT 197.00 217.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 234.74 217.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 251.92 217.60 Td (on ) Tj ET Q q 0 0 0 rg BT 264.11 217.60 Td (all ) Tj ET Q q 0 0 0 rg BT 276.30 217.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 325.15 217.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 347.89 217.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 365.07 217.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 403.37 217.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.78 217.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 472.73 217.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.73 217.60 Td (, ) Tj ET Q q 0 0 0 rg BT 497.42 217.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.17 217.60 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 217.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 196.60 Td (As ) Tj ET Q q 0 0 0 rg BT 118.52 196.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.25 196.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 189.41 196.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.41 196.60 Td (, ) Tj ET Q q 0 0 0 rg BT 214.32 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 228.94 196.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 277.45 196.60 Td (of ) Tj ET Q q 0 0 0 rg BT 288.18 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.80 196.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 325.75 196.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 343.14 196.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 375.54 196.60 Td (account ) Tj ET Q q 0 0 0 rg BT 409.03 196.60 Td (values ) Tj ET Q q 0 0 0 rg BT 436.98 196.60 Td (by ) Tj ET Q q 0 0 0 rg BT 449.38 196.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 487.33 196.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 504.72 196.60 Td (was ) Tj ET Q q 0 0 0 rg BT 522.67 196.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 184.60 Td (follows: ) Tj ET Q q 0 0 0 rg BT 116.28 184.60 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 152.10 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 152.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 152.10 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 152.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 152.10 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 152.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 152.10 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 152.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 152.10 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 152.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 152.10 44.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 152.10000000000002 m 339.5 152.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 152.10000000000002 m 387.5 152.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 152.10000000000002 m 435.5 152.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 152.10000000000002 m 483.5 152.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 152.10000000000002 m 531.5 152.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 156.33 Td (Crediting rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.00 156.33 Td ( 1% to 2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.00 156.33 Td ( 2% to 3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.00 156.33 Td ( 3% to 4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.00 156.33 Td ( 4% to 5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.00 156.33 Td ( 5% to 6%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 143.35 Td (Account value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.00 143.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 143.35 Td (43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.00 143.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.25 143.35 Td (196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 143.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 143.35 Td (2,764) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 143.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.25 143.35 Td (435) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 143.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 143.35 Td (48) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 735.60 Td (As ) Tj ET Q q 0 0 0 rg BT 119.53 735.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.28 735.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 192.47 735.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.47 735.60 Td (, ) Tj ET Q q 0 0 0 rg BT 218.39 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 234.03 735.60 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 279.10 735.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 326.38 735.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 365.90 735.60 Td (expiring ) Tj ET Q q 0 0 0 rg BT 402.65 735.60 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 441.05 735.60 Td (account ) Tj ET Q q 0 0 0 rg BT 475.57 735.60 Td (values, ) Tj ET Q q 0 0 0 rg BT 507.04 735.60 Td (net ) Tj ET Q q 0 0 0 rg BT 522.67 735.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 129.58 723.60 Td (by ) Tj ET Q q 0 0 0 rg BT 142.08 723.60 Td (year ) Tj ET Q q 0 0 0 rg BT 161.79 723.60 Td (were ) Tj ET Q q 0 0 0 rg BT 183.72 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 194.55 723.60 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 673.10 363.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 673.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 673.10 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 647.10 363.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 647.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 647.10 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 621.10 363.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 621.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 621.10 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 595.10 363.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 595.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 595.10 83.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 673.1 m 530.5 673.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 595.1 m 530.5 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 583.1 m 530.5 583.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 581.1 m 530.5 581.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.65 698.33 Td (Multi-Year Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.80 690.33 Td (Guaranteed Annuities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 677.33 Td (Duration by Year:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.70 677.33 Td (Account Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 664.35 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.00 664.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 664.35 Td (644) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 651.35 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 651.35 Td (270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 638.35 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 638.35 Td (769) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 625.35 Td (2020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 625.35 Td (202) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 612.35 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 612.35 Td (570) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 599.35 Td (Thereafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 599.35 Td (81) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 586.33 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.00 586.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 586.35 Td (2,536) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 105.00 561.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.52 561.60 Td (ithdrawal ) Tj ET Q q 0 0 0 rg BT 155.75 561.60 Td (Options ) Tj ET Q q 0 0 0 rg BT 190.75 561.60 Td (for ) Tj ET Q q 0 0 0 rg BT 205.74 561.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 244.75 561.60 Td (Annuities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.77 561.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.05 561.60 Td (After ) Tj ET Q q 0 0 0 rg BT 313.92 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.90 561.60 Td (first ) Tj ET Q q 0 0 0 rg BT 347.78 561.60 Td (year ) Tj ET Q q 0 0 0 rg BT 367.76 561.60 Td (following ) Tj ET Q q 0 0 0 rg BT 409.42 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.41 561.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 461.05 561.60 Td (of ) Tj ET Q q 0 0 0 rg BT 472.15 561.60 Td (a ) Tj ET Q q 0 0 0 rg BT 479.36 561.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 494.93 561.60 Td ( ) Tj ET Q q 0 0 0 rg BT 497.70 561.60 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 549.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 114.10 549.60 Td (policy) Tj ET Q q 0 0 0 rg BT 138.45 549.60 Td (, ) Tj ET Q q 0 0 0 rg BT 144.06 549.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 176.61 549.60 Td (of ) Tj ET Q q 0 0 0 rg BT 188.05 549.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 224.46 549.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 263.67 549.60 Td (are ) Tj ET Q q 0 0 0 rg BT 278.99 549.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 317.09 549.60 Td (permitted ) Tj ET Q q 0 0 0 rg BT 358.52 549.60 Td (penalty-free ) Tj ET Q q 0 0 0 rg BT 409.93 549.60 Td (withdrawals ) Tj ET Q q 0 0 0 rg BT 461.92 549.60 Td (up ) Tj ET Q q 0 0 0 rg BT 475.03 549.60 Td (to ) Tj ET Q q 0 0 0 rg BT 485.91 549.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 507.35 549.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 549.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 537.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 103.84 537.60 Td (year) Tj ET Q q 0 0 0 rg BT 121.42 537.60 Td () Tj ET Q q 0 0 0 rg BT 124.20 537.60 Td (s ) Tj ET Q q 0 0 0 rg BT 131.50 537.60 Td (value, ) Tj ET Q q 0 0 0 rg BT 159.06 537.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 190.79 537.60 Td (to ) Tj ET Q q 0 0 0 rg BT 201.97 537.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 232.58 537.60 Td (limitations. ) Tj ET Q q 0 0 0 rg BT 281.01 537.60 Td (W) Tj ET Q q 0 0 0 rg BT 290.05 537.60 Td (ithdrawals ) Tj ET Q q 0 0 0 rg BT 335.11 537.60 Td (in ) Tj ET Q q 0 0 0 rg BT 346.29 537.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 375.80 537.60 Td (of ) Tj ET Q q 0 0 0 rg BT 387.53 537.60 Td (allowable ) Tj ET Q q 0 0 0 rg BT 429.81 537.60 Td (penalty-free ) Tj ET Q q 0 0 0 rg BT 481.52 537.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 518.81 537.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 525.60 Td (assessed ) Tj ET Q q 0 0 0 rg BT 117.02 525.60 Td (a ) Tj ET Q q 0 0 0 rg BT 123.59 525.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 163.48 525.60 Td (char) Tj ET Q q 0 0 0 rg BT 180.51 525.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 192.08 525.60 Td (if ) Tj ET Q q 0 0 0 rg BT 200.32 525.60 Td (such ) Tj ET Q q 0 0 0 rg BT 220.79 525.60 Td (withdrawals ) Tj ET Q q 0 0 0 rg BT 271.80 525.60 Td (are ) Tj ET Q q 0 0 0 rg BT 286.14 525.60 Td (made ) Tj ET Q q 0 0 0 rg BT 309.93 525.60 Td (during ) Tj ET Q q 0 0 0 rg BT 338.17 525.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.52 525.60 Td (penalty ) Tj ET Q q 0 0 0 rg BT 384.09 525.60 Td (period ) Tj ET Q q 0 0 0 rg BT 411.77 525.60 Td (of ) Tj ET Q q 0 0 0 rg BT 422.23 525.60 Td (the ) Tj ET Q q 0 0 0 rg BT 436.58 525.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 472.02 525.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 504.15 525.60 Td (policy) Tj ET Q q 0 0 0 rg BT 528.50 525.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 513.60 Td (The ) Tj ET Q q 0 0 0 rg BT 99.68 513.60 Td (penalty ) Tj ET Q q 0 0 0 rg BT 132.25 513.60 Td (period ) Tj ET Q q 0 0 0 rg BT 160.94 513.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 199.07 513.60 Td (ranges ) Tj ET Q q 0 0 0 rg BT 228.30 513.60 Td (from ) Tj ET Q q 0 0 0 rg BT 250.88 513.60 Td (seven ) Tj ET Q q 0 0 0 rg BT 276.78 513.60 Td (to ) Tj ET Q q 0 0 0 rg BT 287.70 513.60 Td (fourteen ) Tj ET Q q 0 0 0 rg BT 324.15 513.60 Td (years ) Tj ET Q q 0 0 0 rg BT 348.39 513.60 Td (for ) Tj ET Q q 0 0 0 rg BT 363.19 513.60 Td (FIAs ) Tj ET Q q 0 0 0 rg BT 386.33 513.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.90 513.60 Td (three ) Tj ET Q q 0 0 0 rg BT 427.03 513.60 Td (to ) Tj ET Q q 0 0 0 rg BT 437.94 513.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 453.29 513.60 Td (years ) Tj ET Q q 0 0 0 rg BT 477.53 513.60 Td (for ) Tj ET Q q 0 0 0 rg BT 492.33 513.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 516.01 513.60 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 501.60 Td (annuities. ) Tj ET Q q 0 0 0 rg BT 121.70 501.60 Td (This ) Tj ET Q q 0 0 0 rg BT 141.74 501.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 181.76 501.60 Td (char) Tj ET Q q 0 0 0 rg BT 198.79 501.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 210.48 501.60 Td (initially ) Tj ET Q q 0 0 0 rg BT 243.85 501.60 Td (ranges ) Tj ET Q q 0 0 0 rg BT 272.21 501.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.91 501.60 Td (0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.24 501.60 Td ( ) Tj ET Q q 0 0 0 rg BT 309.50 501.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.54 501.60 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.87 501.60 Td ( ) Tj ET Q q 0 0 0 rg BT 340.13 501.60 Td (of ) Tj ET Q q 0 0 0 rg BT 350.72 501.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.20 501.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 399.66 501.60 Td (value ) Tj ET Q q 0 0 0 rg BT 423.58 501.60 Td (for ) Tj ET Q q 0 0 0 rg BT 437.50 501.60 Td (FIAs ) Tj ET Q q 0 0 0 rg BT 459.77 501.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.47 501.60 Td (0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.80 501.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.06 501.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.10 501.60 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.43 501.60 Td ( ) Tj ET Q q 0 0 0 rg BT 522.69 501.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.59 489.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 130.17 489.60 Td (value ) Tj ET Q q 0 0 0 rg BT 154.19 489.60 Td (for ) Tj ET Q q 0 0 0 rg BT 168.23 489.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 191.15 489.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 208.50 489.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 246.98 489.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.79 489.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 303.37 489.60 Td (decreases ) Tj ET Q q 0 0 0 rg BT 344.05 489.60 Td (by ) Tj ET Q q 0 0 0 rg BT 356.42 489.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 416.55 489.60 Td (one ) Tj ET Q q 0 0 0 rg BT 433.36 489.60 Td (to ) Tj ET Q q 0 0 0 rg BT 443.51 489.60 Td (two ) Tj ET Q q 0 0 0 rg BT 460.89 489.60 Td (percentage ) Tj ET Q q 0 0 0 rg BT 506.56 489.60 Td (points ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 477.60 Td (per ) Tj ET Q q 0 0 0 rg BT 96.78 477.60 Td (year ) Tj ET Q q 0 0 0 rg BT 117.01 477.60 Td (during ) Tj ET Q q 0 0 0 rg BT 146.13 477.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.36 477.60 Td (penalty ) Tj ET Q q 0 0 0 rg BT 193.81 477.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 224.65 477.60 Td (The ) Tj ET Q q 0 0 0 rg BT 243.22 477.60 Td (average ) Tj ET Q q 0 0 0 rg BT 277.32 477.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 318.09 477.60 Td (char) Tj ET Q q 0 0 0 rg BT 335.12 477.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 347.57 477.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.25 477.60 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.58 477.60 Td ( ) Tj ET Q q 0 0 0 rg BT 373.60 477.60 Td (for ) Tj ET Q q 0 0 0 rg BT 388.27 477.60 Td (our ) Tj ET Q q 0 0 0 rg BT 404.62 477.60 Td (FIAs ) Tj ET Q q 0 0 0 rg BT 427.64 477.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.09 477.60 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.42 477.60 Td ( ) Tj ET Q q 0 0 0 rg BT 461.44 477.60 Td (for ) Tj ET Q q 0 0 0 rg BT 476.11 477.60 Td (our ) Tj ET Q q 0 0 0 rg BT 492.46 477.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 516.02 477.60 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 465.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 119.60 465.60 Td (as ) Tj ET Q q 0 0 0 rg BT 130.43 465.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.26 465.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 201.53 465.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.53 465.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 444.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.06 444.60 Td (following ) Tj ET Q q 0 0 0 rg BT 164.47 444.60 Td (table ) Tj ET Q q 0 0 0 rg BT 186.42 444.60 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 236.70 444.60 Td (our ) Tj ET Q q 0 0 0 rg BT 252.55 444.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 288.37 444.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 320.88 444.60 Td (account ) Tj ET Q q 0 0 0 rg BT 354.49 444.60 Td (values ) Tj ET Q q 0 0 0 rg BT 382.56 444.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.51 444.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 439.79 444.60 Td (char) Tj ET Q q 0 0 0 rg BT 456.81 444.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 468.77 444.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 511.83 444.60 Td (as ) Tj ET Q q 0 0 0 rg BT 522.68 444.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.26 432.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.26 432.60 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 371.10 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 371.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 371.10 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 371.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 371.10 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 371.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 371.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 345.10 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 345.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 345.10 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 345.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 345.10 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 345.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 345.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 319.10 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 319.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 319.10 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 319.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 319.10 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 319.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 319.10 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 293.10 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 293.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 293.10 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 293.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 293.10 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 293.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 293.10 69.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 384.1 m 391.5 384.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 384.1 m 458.5 384.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 384.1 m 531.5 384.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 293.1 m 391.5 293.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 281.1 m 391.5 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 279.1 m 391.5 279.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 293.1 m 458.5 293.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 281.1 m 458.5 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 279.1 m 458.5 279.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.90 404.33 Td (Fixed and Fixed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.45 396.33 Td (Index Annuities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.70 388.33 Td (Account Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.45 388.33 Td (Percent of Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.55 396.33 Td (Weighted Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.20 388.33 Td (Surrender Charge) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 84 374.080078125 m 260.609375 374.080078125 l s q 0 0 0 rg BT 84.00 375.33 Td (SURRENDER CHARGE EXPIRATION BY YEAR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 362.35 Td (Out of surrender charge) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.00 362.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.30 362.35 Td (2,394) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 362.35 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 362.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 362.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 362.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 349.35 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.30 349.35 Td (203) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 349.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 349.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 349.35 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 349.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 336.35 Td (2017-2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.30 336.35 Td (2,441) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 336.35 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 336.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 336.35 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 336.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 323.35 Td (2019-2020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.30 323.35 Td (1,769) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 323.35 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 323.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 323.35 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 323.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 310.35 Td (2021-2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.30 310.35 Td (1,964) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 310.35 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 310.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 310.35 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 310.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 297.35 Td (Thereafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.30 297.35 Td (6,479) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 297.35 Td (42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 297.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 297.35 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 297.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.00 284.33 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.00 284.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 284.35 Td (15,250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 284.35 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 284.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 259.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 259.60 Td (The ) Tj ET Q q 0 0 0 rg BT 134.90 259.60 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 187.80 259.60 Td (may ) Tj ET Q q 0 0 0 rg BT 207.37 259.60 Td (elect ) Tj ET Q q 0 0 0 rg BT 228.59 259.60 Td (to ) Tj ET Q q 0 0 0 rg BT 238.72 259.60 Td (take ) Tj ET Q q 0 0 0 rg BT 257.73 259.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.30 259.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 310.19 259.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.88 259.60 Td (the ) Tj ET Q q 0 0 0 rg BT 335.45 259.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 375.56 259.60 Td (either ) Tj ET Q q 0 0 0 rg BT 400.68 259.60 Td (in ) Tj ET Q q 0 0 0 rg BT 410.81 259.60 Td (a ) Tj ET Q q 0 0 0 rg BT 417.60 259.60 Td (single ) Tj ET Q q 0 0 0 rg BT 443.84 259.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 480.63 259.60 Td (or ) Tj ET Q q 0 0 0 rg BT 491.31 259.60 Td (in ) Tj ET Q q 0 0 0 rg BT 501.44 259.60 Td (a ) Tj ET Q q 0 0 0 rg BT 508.24 259.60 Td (series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 247.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.06 247.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 133.11 247.60 Td (over ) Tj ET Q q 0 0 0 rg BT 153.61 247.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.56 247.60 Td (life ) Tj ET Q q 0 0 0 rg BT 184.61 247.60 Td (of ) Tj ET Q q 0 0 0 rg BT 195.67 247.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.62 247.60 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 263.89 247.60 Td (or ) Tj ET Q q 0 0 0 rg BT 274.95 247.60 Td (for ) Tj ET Q q 0 0 0 rg BT 289.34 247.60 Td (a ) Tj ET Q q 0 0 0 rg BT 296.51 247.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 319.78 247.60 Td (number ) Tj ET Q q 0 0 0 rg BT 353.06 247.60 Td (of ) Tj ET Q q 0 0 0 rg BT 364.12 247.60 Td (years ) Tj ET Q q 0 0 0 rg BT 387.95 247.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 402.34 247.60 Td (a ) Tj ET Q q 0 0 0 rg BT 409.51 247.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 462.23 247.60 Td (of ) Tj ET Q q 0 0 0 rg BT 473.29 247.60 Td (these ) Tj ET Q q 0 0 0 rg BT 496.56 247.60 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 235.60 Td (options\). ) Tj ET Q q 0 0 0 rg BT 118.03 235.60 Td (In ) Tj ET Q q 0 0 0 rg BT 128.10 235.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 162.63 235.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.15 235.60 Td (the ) Tj ET Q q 0 0 0 rg BT 186.12 235.60 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 226.74 235.60 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 273.48 235.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 300.50 235.60 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 356.68 235.60 Td (may ) Tj ET Q q 0 0 0 rg BT 375.65 235.60 Td (also ) Tj ET Q q 0 0 0 rg BT 393.50 235.60 Td (elect ) Tj ET Q q 0 0 0 rg BT 414.13 235.60 Td (to ) Tj ET Q q 0 0 0 rg BT 423.65 235.60 Td (have ) Tj ET Q q 0 0 0 rg BT 444.28 235.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 486.01 235.60 Td (withdrawal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 223.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 106.63 223.60 Td (by ) Tj ET Q q 0 0 0 rg BT 119.47 223.60 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 166.20 223.60 Td (a ) Tj ET Q q 0 0 0 rg BT 173.49 223.60 Td (GMWB. ) Tj ET Q q 0 0 0 rg BT 210.85 223.60 Td (These ) Tj ET Q q 0 0 0 rg BT 237.58 223.60 Td (riders ) Tj ET Q q 0 0 0 rg BT 263.19 223.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 296.59 223.60 Td (a ) Tj ET Q q 0 0 0 rg BT 303.87 223.60 Td (GMWB, ) Tj ET Q q 0 0 0 rg BT 341.44 223.60 Td (regardless ) Tj ET Q q 0 0 0 rg BT 384.83 223.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.01 223.60 Td (index ) Tj ET Q q 0 0 0 rg BT 421.07 223.60 Td (performance, ) Tj ET Q q 0 0 0 rg BT 476.94 223.60 Td (for ) Tj ET Q q 0 0 0 rg BT 491.45 223.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.52 223.60 Td (life ) Tj ET Q q 0 0 0 rg BT 522.69 223.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 211.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 211.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 132.92 211.60 Td (However) Tj ET Q q 0 0 0 rg BT 169.17 211.60 Td (, ) Tj ET Q q 0 0 0 rg BT 174.17 211.60 Td (the ) Tj ET Q q 0 0 0 rg BT 188.89 211.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 219.15 211.60 Td (may ) Tj ET Q q 0 0 0 rg BT 238.87 211.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 259.13 211.60 Td (based ) Tj ET Q q 0 0 0 rg BT 284.40 211.60 Td (on ) Tj ET Q q 0 0 0 rg BT 296.90 211.60 Td (performance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 186.10 Td (Immediate ) Tj ET Q q 0 0 0 rg BT 129.05 186.10 Td (Annuities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 169.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 169.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.15 169.60 Td (also ) Tj ET Q q 0 0 0 rg BT 138.33 169.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 154.29 169.60 Td (single ) Tj ET Q q 0 0 0 rg BT 180.25 169.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 218.43 169.60 Td (immediate ) Tj ET Q q 0 0 0 rg BT 262.71 169.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 300.88 169.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 314.61 169.60 Td (SPIAs\), ) Tj ET Q q 0 0 0 rg BT 356.96 169.60 Td (which ) Tj ET Q q 0 0 0 rg BT 383.47 169.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 416.09 169.60 Td (a ) Tj ET Q q 0 0 0 rg BT 422.60 169.60 Td (series ) Tj ET Q q 0 0 0 rg BT 447.44 169.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.85 169.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 492.68 169.60 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 157.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.25 157.60 Td (a ) Tj ET Q q 0 0 0 rg BT 102.27 157.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 125.41 157.60 Td (period ) Tj ET Q q 0 0 0 rg BT 153.54 157.60 Td (of ) Tj ET Q q 0 0 0 rg BT 164.46 157.60 Td (time ) Tj ET Q q 0 0 0 rg BT 184.82 157.60 Td (or ) Tj ET Q q 0 0 0 rg BT 195.74 157.60 Td (for ) Tj ET Q q 0 0 0 rg BT 209.99 157.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.79 157.60 Td (life ) Tj ET Q q 0 0 0 rg BT 240.71 157.60 Td (of ) Tj ET Q q 0 0 0 rg BT 251.63 157.60 Td (the ) Tj ET Q q 0 0 0 rg BT 266.43 157.60 Td (policyholder) Tj ET Q q 0 0 0 rg BT 316.57 157.60 Td (, ) Tj ET Q q 0 0 0 rg BT 321.66 157.60 Td (according ) Tj ET Q q 0 0 0 rg BT 363.67 157.60 Td (to ) Tj ET Q q 0 0 0 rg BT 374.04 157.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.84 157.60 Td (policyholder) Tj ET Q q 0 0 0 rg BT 439.75 157.60 Td () Tj ET Q q 0 0 0 rg BT 442.53 157.60 Td (s ) Tj ET Q q 0 0 0 rg BT 449.01 157.60 Td (choice ) Tj ET Q q 0 0 0 rg BT 477.69 157.60 Td (at ) Tj ET Q q 0 0 0 rg BT 487.50 157.60 Td (the ) Tj ET Q q 0 0 0 rg BT 502.30 157.60 Td (time ) Tj ET Q q 0 0 0 rg BT 522.67 157.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 145.60 Td (issue. ) Tj ET Q q 0 0 0 rg BT 105.94 145.60 Td (The ) Tj ET Q q 0 0 0 rg BT 124.13 145.60 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 163.15 145.60 Td (frequency ) Tj ET Q q 0 0 0 rg BT 205.76 145.60 Td (and ) Tj ET Q q 0 0 0 rg BT 222.83 145.60 Td (length ) Tj ET Q q 0 0 0 rg BT 250.46 145.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.42 145.60 Td (time ) Tj ET Q q 0 0 0 rg BT 281.83 145.60 Td (of ) Tj ET Q q 0 0 0 rg BT 292.79 145.60 Td (the ) Tj ET Q q 0 0 0 rg BT 307.65 145.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 348.60 145.60 Td (are ) Tj ET Q q 0 0 0 rg BT 363.45 145.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 386.63 145.60 Td (at ) Tj ET Q q 0 0 0 rg BT 396.48 145.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.33 145.60 Td (outset ) Tj ET Q q 0 0 0 rg BT 437.85 145.60 Td (of ) Tj ET Q q 0 0 0 rg BT 448.81 145.60 Td (the ) Tj ET Q q 0 0 0 rg BT 463.67 145.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 496.30 145.60 Td (contract. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 133.60 Td (SPIAs ) Tj ET Q q 0 0 0 rg BT 109.53 133.60 Td (are ) Tj ET Q q 0 0 0 rg BT 124.70 133.60 Td (often ) Tj ET Q q 0 0 0 rg BT 148.20 133.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 191.70 133.60 Td (by ) Tj ET Q q 0 0 0 rg BT 204.66 133.60 Td (persons ) Tj ET Q q 0 0 0 rg BT 238.18 133.60 Td (at ) Tj ET Q q 0 0 0 rg BT 248.36 133.60 Td (or ) Tj ET Q q 0 0 0 rg BT 259.65 133.60 Td (near ) Tj ET Q q 0 0 0 rg BT 279.82 133.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 323.87 133.60 Td (age ) Tj ET Q q 0 0 0 rg BT 340.70 133.60 Td (who ) Tj ET Q q 0 0 0 rg BT 360.89 133.60 Td (desire ) Tj ET Q q 0 0 0 rg BT 387.73 133.60 Td (a ) Tj ET Q q 0 0 0 rg BT 395.13 133.60 Td (steady ) Tj ET Q q 0 0 0 rg BT 423.63 133.60 Td (stream ) Tj ET Q q 0 0 0 rg BT 453.25 133.60 Td (of ) Tj ET Q q 0 0 0 rg BT 464.54 133.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 505.83 133.60 Td (over ) Tj ET Q q 0 0 0 rg BT 526.56 133.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 121.60 Td (future ) Tj ET Q q 0 0 0 rg BT 107.38 121.60 Td (period ) Tj ET Q q 0 0 0 rg BT 135.42 121.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.25 121.60 Td (years. ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 38.10 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 38.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.42 735.60 Td (following ) Tj ET Q q 0 0 0 rg BT 165.18 735.60 Td (table ) Tj ET Q q 0 0 0 rg BT 187.49 735.60 Td (presents ) Tj ET Q q 0 0 0 rg BT 223.14 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.23 735.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 273.88 735.60 Td (\(also ) Tj ET Q q 0 0 0 rg BT 296.19 735.60 Td (known ) Tj ET Q q 0 0 0 rg BT 326.29 735.60 Td (as ) Tj ET Q q 0 0 0 rg BT 337.50 735.60 Td (sales\) ) Tj ET Q q 0 0 0 rg BT 372.02 735.60 Td (on ) Tj ET Q q 0 0 0 rg BT 384.89 735.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 417.76 735.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 451.74 735.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 479.62 735.60 Td (by ) Tj ET Q q 0 0 0 rg BT 492.49 735.60 Td (us ) Tj ET Q q 0 0 0 rg BT 504.26 735.60 Td (for ) Tj ET Q q 0 0 0 rg BT 518.79 735.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.18 723.60 Td (years ) Tj ET Q q 0 0 0 rg BT 130.81 723.60 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.69 723.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.21 723.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 219.51 723.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.51 723.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.53 723.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.53 723.60 Td (, ) Tj ET Q q 0 0 0 rg BT 271.56 723.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.53 723.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.53 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.06 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 324.91 723.60 Td (well ) Tj ET Q q 0 0 0 rg BT 345.66 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 357.52 723.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 393.80 723.60 Td (required ) Tj ET Q q 0 0 0 rg BT 430.65 723.60 Td (by ) Tj ET Q q 0 0 0 rg BT 444.17 723.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 491.57 723.60 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 120.51 711.60 Td (accepted ) Tj ET Q q 0 0 0 rg BT 157.78 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 167.86 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.38 711.60 Td (United ) Tj ET Q q 0 0 0 rg BT 211.90 711.60 Td (States ) Tj ET Q q 0 0 0 rg BT 238.09 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.22 711.60 Td (America ) Tj ET Q q 0 0 0 rg BT 284.95 711.60 Td (\(U.S. ) Tj ET Q q 0 0 0 rg BT 312.80 711.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 339.66 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 341.96 711.60 Td (Reserves\) ) Tj ET Q q 0 0 0 rg BT 388.13 711.60 Td (as ) Tj ET Q q 0 0 0 rg BT 398.77 711.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.40 711.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 469.47 711.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.47 711.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.27 711.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.27 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 516.57 711.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 699.60 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 620.10 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 620.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 620.10 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 620.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 620.10 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 620.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 620.10 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 620.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 620.10 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 620.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 620.10 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 620.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 620.10 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 592.10 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 592.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 592.10 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 592.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 592.10 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 592.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 592.10 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 592.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 592.10 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 592.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 592.10 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 592.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 592.10 46.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 668.1 m 287.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 668.1 m 291.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 668.1 m 335.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 668.1 m 383.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 668.1 m 387.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 668.1 m 432.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 668.1 m 481.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 668.1 m 485.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 668.1 m 531.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 633.1 m 287.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 633.1 m 335.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 633.1 m 383.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 633.1 m 432.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 668.1 m 481.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 633.1 m 481.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 668.1 m 531.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 633.1 m 531.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 578.1 m 287.5 578.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 564.1 m 287.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 562.1 m 287.5 562.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 578.1 m 335.5 578.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 564.1 m 335.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 562.1 m 335.5 562.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 578.1 m 383.5 578.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 564.1 m 383.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 562.1 m 383.5 562.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 578.1 m 432.5 578.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 564.1 m 432.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 562.1 m 432.5 562.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 578.1 m 481.5 578.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 564.1 m 481.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 562.1 m 481.5 562.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 578.1 m 531.5 578.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 564.1 m 531.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 562.1 m 531.5 562.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 672.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.60 672.33 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.10 672.33 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.10 672.33 Td (September 30, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.55 660.18 Td (Deposits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.75 652.18 Td (on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.95 644.18 Td (Annuity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.10 636.18 Td (Policies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.85 653.33 Td (U.S.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.85 645.33 Td (GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.85 637.33 Td (Reserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.55 660.18 Td (Deposits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.75 652.18 Td (on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.95 644.18 Td (Annuity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.10 636.18 Td (Policies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.35 653.33 Td (U.S.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.35 645.33 Td (GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.35 637.33 Td (Reserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.05 660.18 Td (Deposits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.25 652.18 Td (on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.45 644.18 Td (Annuity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.60 636.18 Td (Policies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.85 653.33 Td (U.S.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.85 645.33 Td (GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.85 637.33 Td (Reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 624.35 Td (Products) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.00 624.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.00 624.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.00 624.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.00 624.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 610.35 Td (Fixed indexed annuities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.00 610.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.25 610.35 Td (1,861) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 610.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.25 610.35 Td (13,148) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.00 610.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.25 610.35 Td (2,185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.00 610.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.25 610.35 Td (12,094) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.00 610.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.25 610.35 Td (1,451) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.00 610.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.25 610.35 Td (10,767) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 596.35 Td (Fixed rate annuities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.25 596.35 Td (539) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.25 596.35 Td (3,566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.25 596.35 Td (211) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.25 596.35 Td (3,249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 596.35 Td (708) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.25 596.35 Td (3,192) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 582.35 Td (Single premium immediate annuities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 276.30 582.35 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.25 582.35 Td (2,917) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.30 582.35 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.25 582.35 Td (2,956) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 582.35 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.25 582.35 Td (3,202) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.00 567.33 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.00 567.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.25 567.33 Td (2,428) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.00 567.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.25 567.33 Td (19,631) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.00 567.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.25 567.33 Td (2,412) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.00 567.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.25 567.33 Td (18,299) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.00 567.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.25 567.33 Td (2,169) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.00 567.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.25 567.33 Td (17,161) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 538.10 Td (Life ) Tj ET Q q 0 0 0 rg BT 100.72 538.10 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 521.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 521.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.34 521.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 158.69 521.60 Td (of) Tj ET Q q 0 0 0 rg BT 166.84 521.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 180.20 521.60 Td (IUL) Tj ET Q q 0 0 0 rg BT 196.49 521.60 Td ( ) Tj ET Q q 0 0 0 rg BT 198.75 521.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 239.32 521.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 272.68 521.60 Td (and ) Tj ET Q q 0 0 0 rg BT 289.38 521.60 Td (have ) Tj ET Q q 0 0 0 rg BT 310.52 521.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 355.00 521.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 373.93 521.60 Td (term ) Tj ET Q q 0 0 0 rg BT 394.51 521.60 Td (and ) Tj ET Q q 0 0 0 rg BT 411.21 521.60 Td (whole ) Tj ET Q q 0 0 0 rg BT 437.91 521.60 Td (life ) Tj ET Q q 0 0 0 rg BT 453.49 521.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 494.07 521.60 Td (products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 509.60 Td (Holders ) Tj ET Q q 0 0 0 rg BT 115.15 509.60 Td (of ) Tj ET Q q 0 0 0 rg BT 125.96 509.60 Td (universal ) Tj ET Q q 0 0 0 rg BT 165.11 509.60 Td (life ) Tj ET Q q 0 0 0 rg BT 180.92 509.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 221.72 509.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 255.31 509.60 Td (earn ) Tj ET Q q 0 0 0 rg BT 275.00 509.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 305.26 509.60 Td (on ) Tj ET Q q 0 0 0 rg BT 317.75 509.60 Td (their ) Tj ET Q q 0 0 0 rg BT 338.56 509.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 372.15 509.60 Td (which ) Tj ET Q q 0 0 0 rg BT 399.07 509.60 Td (are ) Tj ET Q q 0 0 0 rg BT 413.77 509.60 Td (credited ) Tj ET Q q 0 0 0 rg BT 448.46 509.60 Td (to ) Tj ET Q q 0 0 0 rg BT 458.72 509.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.43 509.60 Td (policyholder) Tj ET Q q 0 0 0 rg BT 524.34 509.60 Td () Tj ET Q q 0 0 0 rg BT 527.12 509.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 497.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 100.83 497.60 Td (value ) Tj ET Q q 0 0 0 rg BT 124.54 497.60 Td (account. ) Tj ET Q q 0 0 0 rg BT 160.05 497.60 Td (The ) Tj ET Q q 0 0 0 rg BT 177.66 497.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 207.49 497.60 Td (periodically ) Tj ET Q q 0 0 0 rg BT 257.31 497.60 Td (deducts ) Tj ET Q q 0 0 0 rg BT 289.91 497.60 Td (its ) Tj ET Q q 0 0 0 rg BT 301.42 497.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 339.58 497.60 Td (and ) Tj ET Q q 0 0 0 rg BT 356.08 497.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.36 497.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 388.53 497.60 Td (of ) Tj ET Q q 0 0 0 rg BT 398.92 497.60 Td (life ) Tj ET Q q 0 0 0 rg BT 414.30 497.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 454.68 497.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 497.28 497.60 Td (from ) Tj ET Q q 0 0 0 rg BT 518.78 497.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 485.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 101.55 485.60 Td (value ) Tj ET Q q 0 0 0 rg BT 125.99 485.60 Td (account. ) Tj ET Q q 0 0 0 rg BT 162.17 485.60 Td (The ) Tj ET Q q 0 0 0 rg BT 180.50 485.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 213.82 485.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.93 485.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.93 485.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 260.49 485.60 Td (value ) Tj ET Q q 0 0 0 rg BT 284.93 485.60 Td (account ) Tj ET Q q 0 0 0 rg BT 318.81 485.60 Td (is ) Tj ET Q q 0 0 0 rg BT 328.26 485.60 Td (credited ) Tj ET Q q 0 0 0 rg BT 363.25 485.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 395.47 485.60 Td (at ) Tj ET Q q 0 0 0 rg BT 405.47 485.60 Td (a ) Tj ET Q q 0 0 0 rg BT 412.69 485.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 436.02 485.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 453.79 485.60 Td (or ) Tj ET Q q 0 0 0 rg BT 464.91 485.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 495.46 485.60 Td (based ) Tj ET Q q 0 0 0 rg BT 521.01 485.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 473.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.73 473.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 146.77 473.60 Td (of ) Tj ET Q q 0 0 0 rg BT 156.61 473.60 Td (a ) Tj ET Q q 0 0 0 rg BT 162.56 473.60 Td (market ) Tj ET Q q 0 0 0 rg BT 191.84 473.60 Td (index, ) Tj ET Q q 0 0 0 rg BT 218.07 473.60 Td (or ) Tj ET Q q 0 0 0 rg BT 227.91 473.60 Td (both, ) Tj ET Q q 0 0 0 rg BT 249.71 473.60 Td (at ) Tj ET Q q 0 0 0 rg BT 258.44 473.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.17 473.60 Td (option ) Tj ET Q q 0 0 0 rg BT 299.24 473.60 Td (of ) Tj ET Q q 0 0 0 rg BT 309.08 473.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.81 473.60 Td (policyholder) Tj ET Q q 0 0 0 rg BT 372.95 473.60 Td (, ) Tj ET Q q 0 0 0 rg BT 376.97 473.60 Td (using ) Tj ET Q q 0 0 0 rg BT 400.15 473.60 Td (a ) Tj ET Q q 0 0 0 rg BT 406.10 473.60 Td (method ) Tj ET Q q 0 0 0 rg BT 437.61 473.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 466.90 473.60 Td (to ) Tj ET Q q 0 0 0 rg BT 476.19 473.60 Td (that ) Tj ET Q q 0 0 0 rg BT 492.70 473.60 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 461.60 Td (above ) Tj ET Q q 0 0 0 rg BT 107.38 461.60 Td (for ) Tj ET Q q 0 0 0 rg BT 121.54 461.60 Td (FIAs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 440.60 Td (Almost ) Tj ET Q q 0 0 0 rg BT 137.83 440.60 Td (all ) Tj ET Q q 0 0 0 rg BT 151.21 440.60 Td (of ) Tj ET Q q 0 0 0 rg BT 162.92 440.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.52 440.60 Td (life ) Tj ET Q q 0 0 0 rg BT 195.22 440.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 236.92 440.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 271.40 440.60 Td (in ) Tj ET Q q 0 0 0 rg BT 282.56 440.60 Td (force, ) Tj ET Q q 0 0 0 rg BT 308.98 440.60 Td (except ) Tj ET Q q 0 0 0 rg BT 338.46 440.60 Td (for ) Tj ET Q q 0 0 0 rg BT 353.50 440.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.10 440.60 Td (return ) Tj ET Q q 0 0 0 rg BT 396.35 440.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.07 440.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 447.55 440.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 482.59 440.60 Td (on ) Tj ET Q q 0 0 0 rg BT 495.97 440.60 Td (term ) Tj ET Q q 0 0 0 rg BT 517.68 440.60 Td (life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 428.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 124.12 428.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 165.85 428.60 Td (are ) Tj ET Q q 0 0 0 rg BT 182.86 428.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 215.99 428.60 Td (to ) Tj ET Q q 0 0 0 rg BT 228.57 428.60 Td (an ) Tj ET Q q 0 0 0 rg BT 242.80 428.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 297.58 428.60 Td (with ) Tj ET Q q 0 0 0 rg BT 319.81 428.60 Td (W) Tj ET Q q 0 0 0 rg BT 328.85 428.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 351.98 428.60 Td (Reassurance ) Tj ET Q q 0 0 0 rg BT 406.76 428.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 450.44 428.60 Td (\(W) Tj ET Q q 0 0 0 rg BT 467.25 428.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 490.39 428.60 Td (Re\). ) Tj ET Q q 0 0 0 rg BT 516.56 428.60 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 416.60 Td (Reinsurance-W) Tj ET Q q 0 0 0 rg BT 147.23 416.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 168.07 416.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 181.49 416.60 Td (T) Tj ET Q q 0 0 0 rg BT 187.25 416.60 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 235.28 416.60 Td (on ) Tj ET Q q 0 0 0 rg BT 247.78 416.60 Td (page ) Tj ET Q q 0 0 0 rg BT 269.16 416.60 Td (17. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 395.60 Td (As ) Tj ET Q q 0 0 0 rg BT 118.90 395.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.01 395.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 190.56 395.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.56 395.60 Td (, ) Tj ET Q q 0 0 0 rg BT 215.85 395.60 Td (the ) Tj ET Q q 0 0 0 rg BT 230.85 395.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 279.75 395.60 Td (of ) Tj ET Q q 0 0 0 rg BT 290.86 395.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.86 395.60 Td (retained ) Tj ET Q q 0 0 0 rg BT 340.85 395.60 Td (IUL) Tj ET Q q 0 0 0 rg BT 357.14 395.60 Td ( ) Tj ET Q q 0 0 0 rg BT 359.92 395.60 Td (account ) Tj ET Q q 0 0 0 rg BT 393.80 395.60 Td (values ) Tj ET Q q 0 0 0 rg BT 422.13 395.60 Td (by ) Tj ET Q q 0 0 0 rg BT 434.92 395.60 Td (cap ) Tj ET Q q 0 0 0 rg BT 451.58 395.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 469.35 395.60 Td (and ) Tj ET Q q 0 0 0 rg BT 486.57 395.60 Td (by ) Tj ET Q q 0 0 0 rg BT 499.36 395.60 Td (strategy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 383.60 Td (was ) Tj ET Q q 0 0 0 rg BT 99.05 383.60 Td (as ) Tj ET Q q 0 0 0 rg BT 109.88 383.60 Td (follows: ) Tj ET Q q 0 0 0 rg BT 145.16 383.60 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 343.10 174.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 343.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 343.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 343.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 343.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 343.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 343.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 343.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 343.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 343.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 343.10 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 343.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 343.10 26.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 317.10 174.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 317.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 317.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 317.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 317.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 317.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 317.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 317.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 317.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 317.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 317.10 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 317.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 317.10 26.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 275.10 174.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 275.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 275.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 275.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 275.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 275.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 275.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 275.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 275.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 275.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 275.10 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 275.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 275.10 26.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 343.1 m 305.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 343.1 m 355.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 343.1 m 409.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 343.1 m 459.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 343.1 m 501.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 343.1 m 531.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 275.1 m 305.5 275.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 263.1 m 305.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 261.1 m 305.5 261.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 275.1 m 355.5 275.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 263.1 m 355.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 261.1 m 355.5 261.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 275.1 m 409.5 275.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 263.1 m 409.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 261.1 m 409.5 261.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 275.1 m 459.5 275.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 263.1 m 459.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 261.1 m 459.5 261.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 275.1 m 501.5 275.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 263.1 m 501.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 261.1 m 501.5 261.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 275.1 m 531.5 275.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 263.1 m 531.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 261.1 m 531.5 261.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 347.33 Td (Cap rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.00 355.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.65 347.33 Td (2.5%-5.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.65 347.33 Td ( 5.0-7.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 355.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.65 347.33 Td (7.5%-10.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.00 355.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.65 347.33 Td (10.0-12.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.70 347.33 Td ( 12.5+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.25 347.33 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 334.35 Td (1 year annual point-to-point, Gold Index) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.00 334.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.30 334.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.00 334.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 334.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 334.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 334.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 334.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 334.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.00 334.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 334.35 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.00 334.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 334.35 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 321.35 Td (1 year monthly point-to-point, S&P Index) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.30 321.35 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 321.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 321.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 321.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 321.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 321.35 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 308.35 Td (1 year annual point-to-point with 100% par rate,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 300.35 Td (S&P Index) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.30 300.35 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.30 300.35 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 300.35 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 300.35 Td (104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 300.35 Td (71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 300.35 Td (221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 287.35 Td (1 year annual point-to-point with 140% par rate,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 279.35 Td (S&P Index) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 279.35 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.30 279.35 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 279.35 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 279.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 279.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 279.35 Td (21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.00 266.33 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.00 266.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.30 266.35 Td (48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.00 266.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 266.35 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 266.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 266.35 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 266.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 266.35 Td (104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.00 266.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 266.35 Td (94) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.00 266.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 266.35 Td (297) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 237.10 Td (Distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 220.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.91 220.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 142.81 220.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.50 220.60 Td (our ) Tj ET Q q 0 0 0 rg BT 171.19 220.60 Td (products ) Tj ET Q q 0 0 0 rg BT 208.98 220.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 247.33 220.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 276.79 220.60 Td (as ) Tj ET Q q 0 0 0 rg BT 288.48 220.60 Td (part ) Tj ET Q q 0 0 0 rg BT 307.38 220.60 Td (of ) Tj ET Q q 0 0 0 rg BT 319.07 220.60 Td (a ) Tj ET Q q 0 0 0 rg BT 326.87 220.60 Td (four) Tj ET Q q 0 0 0 rg BT 343.33 220.60 Td (-party) Tj ET Q q 0 0 0 rg BT 366.56 220.60 Td (, ) Tj ET Q q 0 0 0 rg BT 372.42 220.60 Td (three ) Tj ET Q q 0 0 0 rg BT 395.76 220.60 Td (stage ) Tj ET Q q 0 0 0 rg BT 419.66 220.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 442.46 220.60 Td (process ) Tj ET Q q 0 0 0 rg BT 475.81 220.60 Td (between ) Tj ET Q q 0 0 0 rg BT 512.48 220.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.00 220.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 208.60 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 125.48 208.60 Td (an ) Tj ET Q q 0 0 0 rg BT 138.02 208.60 Td (IMO, ) Tj ET Q q 0 0 0 rg BT 163.07 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.40 208.60 Td (agent ) Tj ET Q q 0 0 0 rg BT 203.16 208.60 Td (and ) Tj ET Q q 0 0 0 rg BT 220.71 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 236.03 208.60 Td (customer) Tj ET Q q 0 0 0 rg BT 272.14 208.60 Td (. ) Tj ET Q q 0 0 0 rg BT 277.74 208.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 296.26 208.60 Td ( ) Tj ET Q q 0 0 0 rg BT 299.37 208.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 341.35 208.60 Td (designs, ) Tj ET Q q 0 0 0 rg BT 376.95 208.60 Td (manufactures, ) Tj ET Q q 0 0 0 rg BT 436.42 208.60 Td (issues, ) Tj ET Q q 0 0 0 rg BT 465.92 208.60 Td (and ) Tj ET Q q 0 0 0 rg BT 483.47 208.60 Td (services ) Tj ET Q q 0 0 0 rg BT 518.79 208.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 196.60 Td (product. ) Tj ET Q q 0 0 0 rg BT 115.93 196.60 Td (The ) Tj ET Q q 0 0 0 rg BT 133.50 196.60 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 158.86 196.60 Td (will ) Tj ET Q q 0 0 0 rg BT 176.44 196.60 Td (usually ) Tj ET Q q 0 0 0 rg BT 207.35 196.60 Td (sign ) Tj ET Q q 0 0 0 rg BT 226.05 196.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 264.17 196.60 Td (with ) Tj ET Q q 0 0 0 rg BT 283.97 196.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 319.33 196.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 359.67 196.60 Td (carriers ) Tj ET Q q 0 0 0 rg BT 391.67 196.60 Td (to ) Tj ET Q q 0 0 0 rg BT 401.47 196.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 434.04 196.60 Td (their ) Tj ET Q q 0 0 0 rg BT 454.39 196.60 Td (agents ) Tj ET Q q 0 0 0 rg BT 481.97 196.60 Td (with ) Tj ET Q q 0 0 0 rg BT 501.77 196.60 Td (a ) Tj ET Q q 0 0 0 rg BT 508.23 196.60 Td (broad ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 184.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.43 184.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 146.63 184.60 Td (product ) Tj ET Q q 0 0 0 rg BT 179.17 184.60 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 218.51 184.60 Td (The ) Tj ET Q q 0 0 0 rg BT 236.05 184.60 Td (IMO ) Tj ET Q q 0 0 0 rg BT 257.48 184.60 Td (will ) Tj ET Q q 0 0 0 rg BT 275.03 184.60 Td (discuss ) Tj ET Q q 0 0 0 rg BT 305.91 184.60 Td (product ) Tj ET Q q 0 0 0 rg BT 338.45 184.60 Td (options ) Tj ET Q q 0 0 0 rg BT 369.89 184.60 Td (over ) Tj ET Q q 0 0 0 rg BT 389.65 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.86 184.60 Td (phone ) Tj ET Q q 0 0 0 rg BT 430.29 184.60 Td (with ) Tj ET Q q 0 0 0 rg BT 450.06 184.60 Td (agents ) Tj ET Q q 0 0 0 rg BT 477.59 184.60 Td (about ) Tj ET Q q 0 0 0 rg BT 501.80 184.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.57 184.60 Td (meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 172.60 Td (with ) Tj ET Q q 0 0 0 rg BT 101.78 172.60 Td (clients. ) Tj ET Q q 0 0 0 rg BT 133.17 172.60 Td (The ) Tj ET Q q 0 0 0 rg BT 151.72 172.60 Td (IMO ) Tj ET Q q 0 0 0 rg BT 174.17 172.60 Td (staf) Tj ET Q q 0 0 0 rg BT 188.43 172.60 Td (f ) Tj ET Q q 0 0 0 rg BT 194.76 172.60 Td (will ) Tj ET Q q 0 0 0 rg BT 213.33 172.60 Td (also ) Tj ET Q q 0 0 0 rg BT 232.44 172.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 265.99 172.60 Td (assistance ) Tj ET Q q 0 0 0 rg BT 308.98 172.60 Td (to ) Tj ET Q q 0 0 0 rg BT 319.76 172.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.98 172.60 Td (agent ) Tj ET Q q 0 0 0 rg BT 359.64 172.60 Td (during ) Tj ET Q q 0 0 0 rg BT 388.76 172.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.98 172.60 Td (selling ) Tj ET Q q 0 0 0 rg BT 433.65 172.60 Td (and ) Tj ET Q q 0 0 0 rg BT 451.09 172.60 Td (application ) Tj ET Q q 0 0 0 rg BT 498.52 172.60 Td (process. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 160.60 Td (The ) Tj ET Q q 0 0 0 rg BT 98.86 160.60 Td (agent ) Tj ET Q q 0 0 0 rg BT 122.83 160.60 Td (may ) Tj ET Q q 0 0 0 rg BT 142.35 160.60 Td (get ) Tj ET Q q 0 0 0 rg BT 156.88 160.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 195.85 160.60 Td (leads ) Tj ET Q q 0 0 0 rg BT 218.71 160.60 Td (from ) Tj ET Q q 0 0 0 rg BT 240.46 160.60 Td (the ) Tj ET Q q 0 0 0 rg BT 254.99 160.60 Td (IMOs. ) Tj ET Q q 0 0 0 rg BT 282.97 160.60 Td (The ) Tj ET Q q 0 0 0 rg BT 300.83 160.60 Td (agent ) Tj ET Q q 0 0 0 rg BT 324.80 160.60 Td (will ) Tj ET Q q 0 0 0 rg BT 342.66 160.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 376.63 160.60 Td (a ) Tj ET Q q 0 0 0 rg BT 383.38 160.60 Td (fact ) Tj ET Q q 0 0 0 rg BT 400.68 160.60 Td (find ) Tj ET Q q 0 0 0 rg BT 419.10 160.60 Td (and ) Tj ET Q q 0 0 0 rg BT 435.85 160.60 Td (present ) Tj ET Q q 0 0 0 rg BT 467.04 160.60 Td (suitable ) Tj ET Q q 0 0 0 rg BT 500.45 160.60 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 148.60 Td (choices ) Tj ET Q q 0 0 0 rg BT 113.44 148.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.68 148.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.35 148.60 Td (customers. ) Tj ET Q q 0 0 0 rg BT 183.68 148.60 Td (W) Tj ET Q q 0 0 0 rg BT 192.32 148.60 Td (e ) Tj ET Q q 0 0 0 rg BT 199.21 148.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 233.34 148.60 Td (each ) Tj ET Q q 0 0 0 rg BT 254.11 148.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 302.68 148.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 333.45 148.60 Td (for ) Tj ET Q q 0 0 0 rg BT 347.57 148.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 378.35 148.60 Td (metrics, ) Tj ET Q q 0 0 0 rg BT 412.74 148.60 Td (mortality) Tj ET Q q 0 0 0 rg BT 448.75 148.60 Td (, ) Tj ET Q q 0 0 0 rg BT 453.71 148.60 Td (persistency) Tj ET Q q 0 0 0 rg BT 498.05 148.60 Td (, ) Tj ET Q q 0 0 0 rg BT 503.01 148.60 Td (as ) Tj ET Q q 0 0 0 rg BT 513.79 148.60 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 136.60 Td (as ) Tj ET Q q 0 0 0 rg BT 91.83 136.60 Td (market ) Tj ET Q q 0 0 0 rg BT 122.09 136.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 156.25 136.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.19 136.60 Td (suitability) Tj ET Q q 0 0 0 rg BT 212.54 136.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 115.60 Td (W) Tj ET Q q 0 0 0 rg BT 114.04 115.60 Td (ithin ) Tj ET Q q 0 0 0 rg BT 133.67 115.60 Td (this ) Tj ET Q q 0 0 0 rg BT 149.42 115.60 Td (business ) Tj ET Q q 0 0 0 rg BT 184.61 115.60 Td (model, ) Tj ET Q q 0 0 0 rg BT 213.40 115.60 Td (we ) Tj ET Q q 0 0 0 rg BT 226.36 115.60 Td (of) Tj ET Q q 0 0 0 rg BT 234.51 115.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 246.90 115.60 Td (our ) Tj ET Q q 0 0 0 rg BT 261.53 115.60 Td (products ) Tj ET Q q 0 0 0 rg BT 297.27 115.60 Td (through ) Tj ET Q q 0 0 0 rg BT 329.67 115.60 Td (a ) Tj ET Q q 0 0 0 rg BT 335.41 115.60 Td (network ) Tj ET Q q 0 0 0 rg BT 369.48 115.60 Td (of ) Tj ET Q q 0 0 0 rg BT 379.10 115.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.16 115.60 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.16 115.60 Td ( ) Tj ET Q q 0 0 0 rg BT 454.46 115.60 Td (IMOs, ) Tj ET Q q 0 0 0 rg BT 481.59 115.60 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 103.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.28 103.60 Td (35,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.78 103.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.31 103.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 201.88 103.60 Td (and ) Tj ET Q q 0 0 0 rg BT 218.84 103.60 Td (identify ) Tj ET Q q 0 0 0 rg BT 252.46 103.60 Td (our ) Tj ET Q q 0 0 0 rg BT 268.32 103.60 Td (most ) Tj ET Q q 0 0 0 rg BT 290.29 103.60 Td (important ) Tj ET Q q 0 0 0 rg BT 331.70 103.60 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 357.55 103.60 Td (- ) Tj ET Q q 0 0 0 rg BT 363.41 103.60 Td (- ) Tj ET Q q 0 0 0 rg BT 369.26 103.60 Td (those ) Tj ET Q q 0 0 0 rg BT 392.89 103.60 Td (who ) Tj ET Q q 0 0 0 rg BT 412.64 103.60 Td (we ) Tj ET Q q 0 0 0 rg BT 426.82 103.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 458.22 103.60 Td (either ) Tj ET Q q 0 0 0 rg BT 483.50 103.60 Td (have ) Tj ET Q q 0 0 0 rg BT 504.90 103.60 Td (shown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 91.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.42 91.60 Td (have ) Tj ET Q q 0 0 0 rg BT 112.39 91.60 Td (the ) Tj ET Q q 0 0 0 rg BT 126.70 91.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 163.78 91.60 Td (to ) Tj ET Q q 0 0 0 rg BT 173.65 91.60 Td (show ) Tj ET Q q 0 0 0 rg BT 196.85 91.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.16 91.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 238.80 91.60 Td (to ) Tj ET Q q 0 0 0 rg BT 248.67 91.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 284.63 91.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 328.93 91.60 Td (production ) Tj ET Q q 0 0 0 rg BT 374.35 91.60 Td (for ) Tj ET Q q 0 0 0 rg BT 388.10 91.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.41 91.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 443.39 91.60 Td (- ) Tj ET Q q 0 0 0 rg BT 448.81 91.60 Td (as ) Tj ET Q q 0 0 0 rg BT 459.23 91.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 491.31 91.60 Td (Partners. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 79.60 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 79.60 Td (e ) Tj ET Q q 0 0 0 rg BT 96.67 79.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 135.35 79.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.82 79.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.82 79.60 Td ( ) Tj ET Q q 0 0 0 rg BT 169.41 79.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 197.56 79.60 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 235.42 79.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 279.67 79.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.59 79.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.59 79.60 Td ( ) Tj ET Q q 0 0 0 rg BT 303.18 79.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 335.77 79.60 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 361.69 79.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.72 79.60 Td (1) Tj ET Q q 0 0 0 rg BT 383.35 79.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.35 79.60 Td ( ) Tj ET Q q 0 0 0 rg BT 390.94 79.60 Td (life ) Tj ET Q q 0 0 0 rg BT 406.86 79.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 447.77 79.60 Td (IMOs. ) Tj ET Q q 0 0 0 rg BT 476.19 79.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.12 79.60 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 67.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 67.60 Td (, ) Tj ET Q q 0 0 0 rg BT 106.63 67.60 Td (these ) Tj ET Q q 0 0 0 rg BT 130.30 67.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 158.99 67.60 Td (Partners ) Tj ET Q q 0 0 0 rg BT 194.88 67.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 238.54 67.60 Td (for ) Tj ET Q q 0 0 0 rg BT 253.33 67.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.22 67.60 Td (95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.55 67.60 Td ( ) Tj ET Q q 0 0 0 rg BT 335.68 67.60 Td (of ) Tj ET Q q 0 0 0 rg BT 347.14 67.60 Td (our ) Tj ET Q q 0 0 0 rg BT 363.60 67.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 393.38 67.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 415.95 67.60 Td (volume. ) Tj ET Q q 0 0 0 rg BT 451.35 67.60 Td (W) Tj ET Q q 0 0 0 rg BT 459.98 67.60 Td (e ) Tj ET Q q 0 0 0 rg BT 467.55 67.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 499.55 67.60 Td (that ) Tj ET Q q 0 0 0 rg BT 517.68 67.60 Td (our ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 134.92 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 155.51 735.60 Td (these ) Tj ET Q q 0 0 0 rg BT 178.87 735.60 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 205.02 735.60 Td (are ) Tj ET Q q 0 0 0 rg BT 220.04 735.60 Td (strong. ) Tj ET Q q 0 0 0 rg BT 250.15 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 268.51 735.60 Td (average ) Tj ET Q q 0 0 0 rg BT 302.41 735.60 Td (tenure ) Tj ET Q q 0 0 0 rg BT 330.21 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 341.35 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 356.38 735.60 Td (top ) Tj ET Q q 0 0 0 rg BT 371.98 735.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 387.01 735.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 415.37 735.60 Td (Partners ) Tj ET Q q 0 0 0 rg BT 450.96 735.60 Td (is ) Tj ET Q q 0 0 0 rg BT 460.44 735.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.01 735.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 702.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.14 702.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 151.29 702.60 Td (Partners ) Tj ET Q q 0 0 0 rg BT 186.65 702.60 Td (play ) Tj ET Q q 0 0 0 rg BT 206.46 702.60 Td (an ) Tj ET Q q 0 0 0 rg BT 218.49 702.60 Td (important ) Tj ET Q q 0 0 0 rg BT 259.97 702.60 Td (role ) Tj ET Q q 0 0 0 rg BT 278.11 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 288.48 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.29 702.60 Td (development ) Tj ET Q q 0 0 0 rg BT 357.53 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 368.45 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 384.38 702.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 423.91 702.60 Td (Over ) Tj ET Q q 0 0 0 rg BT 446.49 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.30 702.60 Td (last ) Tj ET Q q 0 0 0 rg BT 477.78 702.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 492.59 702.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 518.78 702.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 690.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 117.02 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.49 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 142.96 690.60 Td (best-selling ) Tj ET Q q 0 0 0 rg BT 191.20 690.60 Td (products ) Tj ET Q q 0 0 0 rg BT 227.78 690.60 Td (have ) Tj ET Q q 0 0 0 rg BT 248.79 690.60 Td (been ) Tj ET Q q 0 0 0 rg BT 269.81 690.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 313.04 690.60 Td (with ) Tj ET Q q 0 0 0 rg BT 332.96 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 348.43 690.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 376.12 690.60 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 413.37 690.60 Td (W) Tj ET Q q 0 0 0 rg BT 422.01 690.60 Td (e ) Tj ET Q q 0 0 0 rg BT 428.58 690.60 Td (intend ) Tj ET Q q 0 0 0 rg BT 455.72 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.64 690.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 502.21 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 512.12 690.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.51 678.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 125.36 678.60 Td (Partners ) Tj ET Q q 0 0 0 rg BT 161.42 678.60 Td (play ) Tj ET Q q 0 0 0 rg BT 181.93 678.60 Td (an ) Tj ET Q q 0 0 0 rg BT 194.67 678.60 Td (important ) Tj ET Q q 0 0 0 rg BT 236.84 678.60 Td (role ) Tj ET Q q 0 0 0 rg BT 255.69 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 266.76 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.27 678.60 Td (development ) Tj ET Q q 0 0 0 rg BT 337.22 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.84 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 365.47 678.60 Td (products ) Tj ET Q q 0 0 0 rg BT 403.20 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 414.27 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 429.78 678.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 459.46 678.60 Td (which ) Tj ET Q q 0 0 0 rg BT 487.19 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 502.14 678.60 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 666.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 118.11 666.60 Td (us ) Tj ET Q q 0 0 0 rg BT 129.68 666.60 Td (with ) Tj ET Q q 0 0 0 rg BT 150.13 666.60 Td (integral ) Tj ET Q q 0 0 0 rg BT 183.34 666.60 Td (feedback ) Tj ET Q q 0 0 0 rg BT 222.10 666.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 268.66 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 283.55 666.60 Td (development ) Tj ET Q q 0 0 0 rg BT 337.88 666.60 Td (process ) Tj ET Q q 0 0 0 rg BT 370.54 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 387.65 666.60 Td (assists ) Tj ET Q q 0 0 0 rg BT 415.89 666.60 Td (us ) Tj ET Q q 0 0 0 rg BT 427.45 666.60 Td (with ) Tj ET Q q 0 0 0 rg BT 447.90 666.60 Td (competing ) Tj ET Q q 0 0 0 rg BT 492.79 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 507.12 666.60 Td (shelf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.60 Td (space ) Tj ET Q q 0 0 0 rg BT 110.15 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 120.98 654.60 Td (new ) Tj ET Q q 0 0 0 rg BT 140.14 654.60 Td (design ) Tj ET Q q 0 0 0 rg BT 168.74 654.60 Td (launches. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 644.40 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 632.40 Td (The ) Tj ET Q q 0 0 0 rg BT 122.79 632.40 Td (top ) Tj ET Q q 0 0 0 rg BT 137.82 632.40 Td (five ) Tj ET Q q 0 0 0 rg BT 155.61 632.40 Td (states ) Tj ET Q q 0 0 0 rg BT 180.08 632.40 Td (for ) Tj ET Q q 0 0 0 rg BT 193.99 632.40 Td (the ) Tj ET Q q 0 0 0 rg BT 208.45 632.40 Td (distribution ) Tj ET Q q 0 0 0 rg BT 256.81 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 267.39 632.40 Td (FGL) Tj ET Q q 0 0 0 rg BT 285.91 632.40 Td ( ) Tj ET Q q 0 0 0 rg BT 288.16 632.40 Td (Insurance) Tj ET Q q 0 0 0 rg BT 329.80 632.40 Td (s ) Tj ET Q q 0 0 0 rg BT 335.94 632.40 Td (products ) Tj ET Q q 0 0 0 rg BT 372.63 632.40 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 632.40 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 632.40 Td ( ) Tj ET Q q 0 0 0 rg BT 404.90 632.40 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.58 632.40 Td (California) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.12 632.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.71 632.40 Td (T) Tj ET Q q 0 0 0 rg BT 477.12 632.40 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.88 632.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.63 632.40 Td (Florida) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.52 632.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.40 Td (New ) Tj ET Q q 0 0 0 rg BT 102.38 620.40 Td (Jersey) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.37 620.40 Td ( ) Tj ET Q q 0 0 0 rg BT 129.87 620.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.81 620.40 Td (Michigan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.14 620.40 Td (, ) Tj ET Q q 0 0 0 rg BT 190.14 620.40 Td (which ) Tj ET Q q 0 0 0 rg BT 217.07 620.40 Td (together ) Tj ET Q q 0 0 0 rg BT 252.34 620.40 Td (accounted ) Tj ET Q q 0 0 0 rg BT 295.37 620.40 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.53 620.40 Td (45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.86 620.40 Td ( ) Tj ET Q q 0 0 0 rg BT 330.36 620.40 Td (of ) Tj ET Q q 0 0 0 rg BT 341.19 620.40 Td (FGL) Tj ET Q q 0 0 0 rg BT 359.71 620.40 Td ( ) Tj ET Q q 0 0 0 rg BT 362.21 620.40 Td (Insurance) Tj ET Q q 0 0 0 rg BT 403.86 620.40 Td (s ) Tj ET Q q 0 0 0 rg BT 410.25 620.40 Td (premiums. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 596.90 Td (Investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 580.40 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 580.40 Td (e ) Tj ET Q q 0 0 0 rg BT 120.77 580.40 Td (embrace ) Tj ET Q q 0 0 0 rg BT 157.32 580.40 Td (a ) Tj ET Q q 0 0 0 rg BT 164.46 580.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 206.58 580.40 Td (conservative ) Tj ET Q q 0 0 0 rg BT 259.81 580.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 306.38 580.40 Td (philosophy) Tj ET Q q 0 0 0 rg BT 350.18 580.40 Td (, ) Tj ET Q q 0 0 0 rg BT 355.37 580.40 Td (investing ) Tj ET Q q 0 0 0 rg BT 394.73 580.40 Td (nearly ) Tj ET Q q 0 0 0 rg BT 422.41 580.40 Td (all ) Tj ET Q q 0 0 0 rg BT 435.10 580.40 Td (the ) Tj ET Q q 0 0 0 rg BT 450.01 580.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 491.02 580.40 Td (premiums ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 568.40 Td (we ) Tj ET Q q 0 0 0 rg BT 95.16 568.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 126.52 568.40 Td (in ) Tj ET Q q 0 0 0 rg BT 136.80 568.40 Td (a ) Tj ET Q q 0 0 0 rg BT 143.74 568.40 Td (wide ) Tj ET Q q 0 0 0 rg BT 165.68 568.40 Td (range ) Tj ET Q q 0 0 0 rg BT 190.38 568.40 Td (of ) Tj ET Q q 0 0 0 rg BT 201.21 568.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 224.26 568.40 Td (income ) Tj ET Q q 0 0 0 rg BT 256.20 568.40 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 321.44 568.40 Td (securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 548.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.27 548.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 154.54 548.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 175.70 548.40 Td (management ) Tj ET Q q 0 0 0 rg BT 228.51 548.40 Td (team ) Tj ET Q q 0 0 0 rg BT 249.66 548.40 Td (manages ) Tj ET Q q 0 0 0 rg BT 286.37 548.40 Td (the ) Tj ET Q q 0 0 0 rg BT 300.31 548.40 Td (bulk ) Tj ET Q q 0 0 0 rg BT 319.80 548.40 Td (of ) Tj ET Q q 0 0 0 rg BT 329.86 548.40 Td (the ) Tj ET Q q 0 0 0 rg BT 343.79 548.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 389.40 548.40 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 428.61 548.40 Td (and ) Tj ET Q q 0 0 0 rg BT 444.77 548.40 Td (with ) Tj ET Q q 0 0 0 rg BT 464.27 548.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 494.31 548.40 Td (to ) Tj ET Q q 0 0 0 rg BT 503.81 548.40 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 536.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 103.53 536.40 Td (classes, ) Tj ET Q q 0 0 0 rg BT 136.88 536.40 Td (we ) Tj ET Q q 0 0 0 rg BT 151.63 536.40 Td (utilize ) Tj ET Q q 0 0 0 rg BT 179.71 536.40 Td (experienced ) Tj ET Q q 0 0 0 rg BT 231.10 536.40 Td (third ) Tj ET Q q 0 0 0 rg BT 253.07 536.40 Td (party ) Tj ET Q q 0 0 0 rg BT 276.70 536.40 Td (companies, ) Tj ET Q q 0 0 0 rg BT 325.05 536.40 Td (including ) Tj ET Q q 0 0 0 rg BT 365.92 536.40 Td (our ) Tj ET Q q 0 0 0 rg BT 382.33 536.40 Td (af) Tj ET Q q 0 0 0 rg BT 389.92 536.40 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 422.04 536.40 Td (As ) Tj ET Q q 0 0 0 rg BT 436.24 536.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.66 536.40 Td (September30, ) Tj ET Q q 0 0 0 rg BT 508.51 536.40 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 536.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 524.40 Td (71%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.33 524.40 Td ( ) Tj ET Q q 0 0 0 rg BT 101.48 524.40 Td (of ) Tj ET Q q 0 0 0 rg BT 111.96 524.40 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.43 524.40 Td ($19 ) Tj ET Q q 0 0 0 rg BT 144.58 524.40 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.69 524.40 Td ( ) Tj ET Q q 0 0 0 rg BT 172.84 524.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 195.54 524.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 231.56 524.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 277.59 524.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 314.74 524.40 Td (was ) Tj ET Q q 0 0 0 rg BT 332.44 524.40 Td (managed ) Tj ET Q q 0 0 0 rg BT 370.68 524.40 Td (by ) Tj ET Q q 0 0 0 rg BT 382.82 524.40 Td (our ) Tj ET Q q 0 0 0 rg BT 398.30 524.40 Td (employees, ) Tj ET Q q 0 0 0 rg BT 445.71 524.40 Td (with ) Tj ET Q q 0 0 0 rg BT 465.64 524.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 524.40 Td (29%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.33 524.40 Td ( ) Tj ET Q q 0 0 0 rg BT 500.48 524.40 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 512.40 Td (managed ) Tj ET Q q 0 0 0 rg BT 119.84 512.40 Td (by ) Tj ET Q q 0 0 0 rg BT 132.59 512.40 Td (third ) Tj ET Q q 0 0 0 rg BT 154.22 512.40 Td (parties. ) Tj ET Q q 0 0 0 rg BT 186.12 512.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 204.42 512.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 251.05 512.40 Td (strategy ) Tj ET Q q 0 0 0 rg BT 285.45 512.40 Td (is ) Tj ET Q q 0 0 0 rg BT 294.87 512.40 Td (designed ) Tj ET Q q 0 0 0 rg BT 333.16 512.40 Td (to ) Tj ET Q q 0 0 0 rg BT 343.69 512.40 Td (\(i\)achieve ) Tj ET Q q 0 0 0 rg BT 388.90 512.40 Td (strong ) Tj ET Q q 0 0 0 rg BT 416.65 512.40 Td (absolute ) Tj ET Q q 0 0 0 rg BT 452.72 512.40 Td (returns, ) Tj ET Q q 0 0 0 rg BT 485.74 512.40 Td (\(ii\)provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 500.40 Td (consistent ) Tj ET Q q 0 0 0 rg BT 123.85 500.40 Td (yield ) Tj ET Q q 0 0 0 rg BT 146.70 500.40 Td (and ) Tj ET Q q 0 0 0 rg BT 163.99 500.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 210.73 500.40 Td (income, ) Tj ET Q q 0 0 0 rg BT 245.51 500.40 Td (and ) Tj ET Q q 0 0 0 rg BT 262.81 500.40 Td (\(iii\)preserve ) Tj ET Q q 0 0 0 rg BT 317.02 500.40 Td (capital. ) Tj ET Q q 0 0 0 rg BT 348.82 500.40 Td (W) Tj ET Q q 0 0 0 rg BT 357.46 500.40 Td (e ) Tj ET Q q 0 0 0 rg BT 364.75 500.40 Td (base ) Tj ET Q q 0 0 0 rg BT 385.37 500.40 Td (all ) Tj ET Q q 0 0 0 rg BT 398.22 500.40 Td (of ) Tj ET Q q 0 0 0 rg BT 409.41 500.40 Td (our ) Tj ET Q q 0 0 0 rg BT 425.59 500.40 Td (decisions ) Tj ET Q q 0 0 0 rg BT 465.66 500.40 Td (on ) Tj ET Q q 0 0 0 rg BT 478.52 500.40 Td (fundamental, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 488.40 Td (bottom-up ) Tj ET Q q 0 0 0 rg BT 125.17 488.40 Td (research, ) Tj ET Q q 0 0 0 rg BT 163.47 488.40 Td (coupled ) Tj ET Q q 0 0 0 rg BT 197.63 488.40 Td (with ) Tj ET Q q 0 0 0 rg BT 217.90 488.40 Td (a ) Tj ET Q q 0 0 0 rg BT 224.84 488.40 Td (top-down ) Tj ET Q q 0 0 0 rg BT 265.67 488.40 Td (view ) Tj ET Q q 0 0 0 rg BT 287.61 488.40 Td (that ) Tj ET Q q 0 0 0 rg BT 305.11 488.40 Td (respects ) Tj ET Q q 0 0 0 rg BT 339.81 488.40 Td (the ) Tj ET Q q 0 0 0 rg BT 354.53 488.40 Td (cyclicality ) Tj ET Q q 0 0 0 rg BT 398.68 488.40 Td (of ) Tj ET Q q 0 0 0 rg BT 409.51 488.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 439.21 488.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 461.15 488.40 Td (classes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 468.40 Td (In ) Tj ET Q q 0 0 0 rg BT 116.76 468.40 Td (addition ) Tj ET Q q 0 0 0 rg BT 152.97 468.40 Td (to ) Tj ET Q q 0 0 0 rg BT 164.18 468.40 Td (active ) Tj ET Q q 0 0 0 rg BT 191.48 468.40 Td (management ) Tj ET Q q 0 0 0 rg BT 246.01 468.40 Td (of ) Tj ET Q q 0 0 0 rg BT 257.77 468.40 Td (assets, ) Tj ET Q q 0 0 0 rg BT 287.03 468.40 Td (our ) Tj ET Q q 0 0 0 rg BT 303.79 468.40 Td (Investments ) Tj ET Q q 0 0 0 rg BT 355.55 468.40 Td (department ) Tj ET Q q 0 0 0 rg BT 403.96 468.40 Td (is ) Tj ET Q q 0 0 0 rg BT 414.07 468.40 Td (also ) Tj ET Q q 0 0 0 rg BT 433.61 468.40 Td (responsible ) Tj ET Q q 0 0 0 rg BT 482.59 468.40 Td (for ) Tj ET Q q 0 0 0 rg BT 497.68 468.40 Td (defining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 456.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 118.50 456.40 Td (strategy) Tj ET Q q 0 0 0 rg BT 149.50 456.40 Td (, ) Tj ET Q q 0 0 0 rg BT 154.50 456.40 Td (managing ) Tj ET Q q 0 0 0 rg BT 196.43 456.40 Td (our ) Tj ET Q q 0 0 0 rg BT 212.26 456.40 Td (asset/liability ) Tj ET Q q 0 0 0 rg BT 268.09 456.40 Td (profile ) Tj ET Q q 0 0 0 rg BT 297.25 456.40 Td (and ) Tj ET Q q 0 0 0 rg BT 314.18 456.40 Td (hedging ) Tj ET Q q 0 0 0 rg BT 348.90 456.40 Td (our ) Tj ET Q q 0 0 0 rg BT 364.73 456.40 Td (product ) Tj ET Q q 0 0 0 rg BT 397.78 456.40 Td (guarantees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 436.40 Td (The ) Tj ET Q q 0 0 0 rg BT 123.08 436.40 Td (types ) Tj ET Q q 0 0 0 rg BT 146.72 436.40 Td (of ) Tj ET Q q 0 0 0 rg BT 157.59 436.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 183.45 436.40 Td (in ) Tj ET Q q 0 0 0 rg BT 193.76 436.40 Td (which ) Tj ET Q q 0 0 0 rg BT 220.74 436.40 Td (we ) Tj ET Q q 0 0 0 rg BT 234.93 436.40 Td (may ) Tj ET Q q 0 0 0 rg BT 254.68 436.40 Td (invest ) Tj ET Q q 0 0 0 rg BT 281.10 436.40 Td (are ) Tj ET Q q 0 0 0 rg BT 295.84 436.40 Td (influenced ) Tj ET Q q 0 0 0 rg BT 340.58 436.40 Td (by ) Tj ET Q q 0 0 0 rg BT 353.12 436.40 Td (various ) Tj ET Q q 0 0 0 rg BT 385.09 436.40 Td (state ) Tj ET Q q 0 0 0 rg BT 405.95 436.40 Td (laws, ) Tj ET Q q 0 0 0 rg BT 429.31 436.40 Td (which ) Tj ET Q q 0 0 0 rg BT 456.28 436.40 Td (prescribe ) Tj ET Q q 0 0 0 rg BT 495.46 436.40 Td (qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 424.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.68 424.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 153.81 424.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 197.70 424.40 Td (to ) Tj ET Q q 0 0 0 rg BT 208.28 424.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 249.40 424.40 Td (companies. ) Tj ET Q q 0 0 0 rg BT 296.84 424.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 346.74 424.40 Td (, ) Tj ET Q q 0 0 0 rg BT 352.04 424.40 Td (we ) Tj ET Q q 0 0 0 rg BT 366.50 424.40 Td (define ) Tj ET Q q 0 0 0 rg BT 394.29 424.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 412.09 424.40 Td (tolerance ) Tj ET Q q 0 0 0 rg BT 451.53 424.40 Td (across ) Tj ET Q q 0 0 0 rg BT 479.32 424.40 Td (a ) Tj ET Q q 0 0 0 rg BT 486.56 424.40 Td (wide ) Tj ET Q q 0 0 0 rg BT 508.80 424.40 Td (range ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 412.40 Td (of ) Tj ET Q q 0 0 0 rg BT 92.43 412.40 Td (factors, ) Tj ET Q q 0 0 0 rg BT 125.23 412.40 Td (including ) Tj ET Q q 0 0 0 rg BT 166.10 412.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 191.97 412.40 Td (risk, ) Tj ET Q q 0 0 0 rg BT 212.56 412.40 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 249.55 412.40 Td (risk, ) Tj ET Q q 0 0 0 rg BT 270.15 412.40 Td (concentration ) Tj ET Q q 0 0 0 rg BT 327.67 412.40 Td (\(issuer ) Tj ET Q q 0 0 0 rg BT 357.43 412.40 Td (and ) Tj ET Q q 0 0 0 rg BT 374.96 412.40 Td (sector\) ) Tj ET Q q 0 0 0 rg BT 405.27 412.40 Td (risk, ) Tj ET Q q 0 0 0 rg BT 425.87 412.40 Td (and ) Tj ET Q q 0 0 0 rg BT 443.40 412.40 Td (caps ) Tj ET Q q 0 0 0 rg BT 464.27 412.40 Td (on ) Tj ET Q q 0 0 0 rg BT 477.37 412.40 Td (specific ) Tj ET Q q 0 0 0 rg BT 511.56 412.40 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 400.40 Td (classes, ) Tj ET Q q 0 0 0 rg BT 113.77 400.40 Td (which ) Tj ET Q q 0 0 0 rg BT 140.71 400.40 Td (in ) Tj ET Q q 0 0 0 rg BT 150.99 400.40 Td (turn ) Tj ET Q q 0 0 0 rg BT 169.59 400.40 Td (establish ) Tj ET Q q 0 0 0 rg BT 207.09 400.40 Td (conservative ) Tj ET Q q 0 0 0 rg BT 260.12 400.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 277.62 400.40 Td (thresholds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 379.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.43 379.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 170.20 379.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 208.07 379.40 Td (consists ) Tj ET Q q 0 0 0 rg BT 242.62 379.40 Td (of ) Tj ET Q q 0 0 0 rg BT 253.83 379.40 Td (high ) Tj ET Q q 0 0 0 rg BT 274.49 379.40 Td (quality ) Tj ET Q q 0 0 0 rg BT 305.15 379.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 328.57 379.40 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 373.95 379.40 Td (including ) Tj ET Q q 0 0 0 rg BT 414.60 379.40 Td (publicly ) Tj ET Q q 0 0 0 rg BT 450.25 379.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 478.13 379.40 Td (and ) Tj ET Q q 0 0 0 rg BT 495.45 379.40 Td (privately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 367.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 110.04 367.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 151.83 367.40 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 182.27 367.40 Td (municipal ) Tj ET Q q 0 0 0 rg BT 226.30 367.40 Td (and ) Tj ET Q q 0 0 0 rg BT 244.78 367.40 Td (other ) Tj ET Q q 0 0 0 rg BT 269.36 367.40 Td (government ) Tj ET Q q 0 0 0 rg BT 321.17 367.40 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 351.60 367.40 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 406.73 367.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 448.53 367.40 Td (\("ABS"\), ) Tj ET Q q 0 0 0 rg BT 489.35 367.40 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 355.40 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 155.29 355.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 197.94 355.40 Td (\("RMBS"\), ) Tj ET Q q 0 0 0 rg BT 247.95 355.40 Td (commercial ) Tj ET Q q 0 0 0 rg BT 300.03 355.40 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 374.33 355.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 416.97 355.40 Td (\("CMBS"\) ) Tj ET Q q 0 0 0 rg BT 464.48 355.40 Td (and ) Tj ET Q q 0 0 0 rg BT 483.80 355.40 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 343.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 120.38 343.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 143.10 343.40 Td (\("CMLs"\). ) Tj ET Q q 0 0 0 rg BT 187.48 343.40 Td (W) Tj ET Q q 0 0 0 rg BT 196.12 343.40 Td (e ) Tj ET Q q 0 0 0 rg BT 202.17 343.40 Td (also ) Tj ET Q q 0 0 0 rg BT 219.89 343.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 256.49 343.40 Td (holdings ) Tj ET Q q 0 0 0 rg BT 292.55 343.40 Td (in ) Tj ET Q q 0 0 0 rg BT 301.94 343.40 Td (floating ) Tj ET Q q 0 0 0 rg BT 334.66 343.40 Td (rate, ) Tj ET Q q 0 0 0 rg BT 353.76 343.40 Td (and ) Tj ET Q q 0 0 0 rg BT 369.81 343.40 Td (less ) Tj ET Q q 0 0 0 rg BT 386.42 343.40 Td (rate-sensitive ) Tj ET Q q 0 0 0 rg BT 441.35 343.40 Td (investments, ) Tj ET Q q 0 0 0 rg BT 493.23 343.40 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 331.40 Td (senior ) Tj ET Q q 0 0 0 rg BT 108.25 331.40 Td (tranches ) Tj ET Q q 0 0 0 rg BT 144.37 331.40 Td (of ) Tj ET Q q 0 0 0 rg BT 155.51 331.40 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 212.17 331.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 232.19 331.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 279.44 331.40 Td (\(CLOs\), ) Tj ET Q q 0 0 0 rg BT 324.18 331.40 Td (non-agency ) Tj ET Q q 0 0 0 rg BT 373.63 331.40 Td (RMBS, ) Tj ET Q q 0 0 0 rg BT 406.73 331.40 Td (and ) Tj ET Q q 0 0 0 rg BT 423.98 331.40 Td (various ) Tj ET Q q 0 0 0 rg BT 456.22 331.40 Td (types ) Tj ET Q q 0 0 0 rg BT 480.14 331.40 Td (of ) Tj ET Q q 0 0 0 rg BT 490.66 331.40 Td (ABS. ) Tj ET Q q 0 0 0 rg BT 515.42 331.40 Td (It ) Tj ET Q q 0 0 0 rg BT 524.34 331.40 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 319.40 Td (our ) Tj ET Q q 0 0 0 rg BT 96.30 319.40 Td (expectation ) Tj ET Q q 0 0 0 rg BT 144.35 319.40 Td (that ) Tj ET Q q 0 0 0 rg BT 161.32 319.40 Td (our ) Tj ET Q q 0 0 0 rg BT 176.62 319.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 222.46 319.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 259.43 319.40 Td (will ) Tj ET Q q 0 0 0 rg BT 276.95 319.40 Td (broaden ) Tj ET Q q 0 0 0 rg BT 311.13 319.40 Td (in ) Tj ET Q q 0 0 0 rg BT 320.87 319.40 Td (scope ) Tj ET Q q 0 0 0 rg BT 345.61 319.40 Td (and ) Tj ET Q q 0 0 0 rg BT 362.02 319.40 Td (diversity ) Tj ET Q q 0 0 0 rg BT 398.98 319.40 Td (to ) Tj ET Q q 0 0 0 rg BT 408.72 319.40 Td (include ) Tj ET Q q 0 0 0 rg BT 440.13 319.40 Td (other ) Tj ET Q q 0 0 0 rg BT 462.64 319.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 484.05 319.40 Td (classes ) Tj ET Q q 0 0 0 rg BT 513.78 319.40 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 307.40 Td (by ) Tj ET Q q 0 0 0 rg BT 94.91 307.40 Td (life ) Tj ET Q q 0 0 0 rg BT 112.14 307.40 Td (and ) Tj ET Q q 0 0 0 rg BT 130.49 307.40 Td (annuity ) Tj ET Q q 0 0 0 rg BT 164.40 307.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 206.62 307.40 Td (writers. ) Tj ET Q q 0 0 0 rg BT 240.52 307.40 Td (W) Tj ET Q q 0 0 0 rg BT 249.15 307.40 Td (e ) Tj ET Q q 0 0 0 rg BT 257.50 307.40 Td (also ) Tj ET Q q 0 0 0 rg BT 277.52 307.40 Td (have ) Tj ET Q q 0 0 0 rg BT 300.30 307.40 Td (a ) Tj ET Q q 0 0 0 rg BT 308.65 307.40 Td (small ) Tj ET Q q 0 0 0 rg BT 334.23 307.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 368.13 307.40 Td (of ) Tj ET Q q 0 0 0 rg BT 380.37 307.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 409.27 307.40 Td (holdings ) Tj ET Q q 0 0 0 rg BT 447.63 307.40 Td (through ) Tj ET Q q 0 0 0 rg BT 482.65 307.40 Td (our ) Tj ET Q q 0 0 0 rg BT 499.89 307.40 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 295.40 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 133.47 295.40 Td (with ) Tj ET Q q 0 0 0 rg BT 153.75 295.40 Td (the ) Tj ET Q q 0 0 0 rg BT 168.47 295.40 Td (Federal ) Tj ET Q q 0 0 0 rg BT 200.95 295.40 Td (Home ) Tj ET Q q 0 0 0 rg BT 227.89 295.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 250.94 295.40 Td (Bank ) Tj ET Q q 0 0 0 rg BT 274.54 295.40 Td (of ) Tj ET Q q 0 0 0 rg BT 284.82 295.40 Td (Atlanta. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 269.90 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 131.79 269.90 Td (Activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 253.40 Td (Over ) Tj ET Q q 0 0 0 rg BT 128.30 253.40 Td (the ) Tj ET Q q 0 0 0 rg BT 143.83 253.40 Td (last ) Tj ET Q q 0 0 0 rg BT 161.02 253.40 Td (year) Tj ET Q q 0 0 0 rg BT 177.83 253.40 Td (, ) Tj ET Q q 0 0 0 rg BT 183.64 253.40 Td (we ) Tj ET Q q 0 0 0 rg BT 198.61 253.40 Td (continued ) Tj ET Q q 0 0 0 rg BT 241.35 253.40 Td (to ) Tj ET Q q 0 0 0 rg BT 252.44 253.40 Td (work ) Tj ET Q q 0 0 0 rg BT 276.30 253.40 Td (with ) Tj ET Q q 0 0 0 rg BT 297.39 253.40 Td (our ) Tj ET Q q 0 0 0 rg BT 314.03 253.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 347.88 253.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 370.63 253.40 Td (management ) Tj ET Q q 0 0 0 rg BT 425.03 253.40 Td (team ) Tj ET Q q 0 0 0 rg BT 447.77 253.40 Td (and ) Tj ET Q q 0 0 0 rg BT 465.52 253.40 Td (third ) Tj ET Q q 0 0 0 rg BT 487.71 253.40 Td (party ) Tj ET Q q 0 0 0 rg BT 511.57 253.40 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 241.40 Td (managers ) Tj ET Q q 0 0 0 rg BT 122.86 241.40 Td (to ) Tj ET Q q 0 0 0 rg BT 134.17 241.40 Td (broaden ) Tj ET Q q 0 0 0 rg BT 169.92 241.40 Td (the ) Tj ET Q q 0 0 0 rg BT 185.68 241.40 Td (portfolio) Tj ET Q q 0 0 0 rg BT 223.45 241.40 Td (s ) Tj ET Q q 0 0 0 rg BT 230.88 241.40 Td (exposure ) Tj ET Q q 0 0 0 rg BT 270.52 241.40 Td (to ) Tj ET Q q 0 0 0 rg BT 281.84 241.40 Td (include ) Tj ET Q q 0 0 0 rg BT 314.81 241.40 Td (United ) Tj ET Q q 0 0 0 rg BT 345.57 241.40 Td (States ) Tj ET Q q 0 0 0 rg BT 373.00 241.40 Td (dollar ) Tj ET Q q 0 0 0 rg BT 399.86 241.40 Td (\("USD"\) ) Tj ET Q q 0 0 0 rg BT 438.23 241.40 Td (denominated ) Tj ET Q q 0 0 0 rg BT 493.42 241.40 Td (emer) Tj ET Q q 0 0 0 rg BT 513.23 241.40 Td (ging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 229.40 Td (market ) Tj ET Q q 0 0 0 rg BT 111.26 229.40 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 140.16 229.40 Td (highly ) Tj ET Q q 0 0 0 rg BT 168.21 229.40 Td (rated ) Tj ET Q q 0 0 0 rg BT 190.70 229.40 Td (preferred ) Tj ET Q q 0 0 0 rg BT 229.83 229.40 Td (stocks ) Tj ET Q q 0 0 0 rg BT 257.33 229.40 Td (and ) Tj ET Q q 0 0 0 rg BT 274.27 229.40 Td (hybrids, ) Tj ET Q q 0 0 0 rg BT 309.27 229.40 Td (and ) Tj ET Q q 0 0 0 rg BT 326.21 229.40 Td (structured ) Tj ET Q q 0 0 0 rg BT 368.70 229.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 408.96 229.40 Td (including ) Tj ET Q q 0 0 0 rg BT 448.68 229.40 Td (ABS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 208.40 Td (As ) Tj ET Q q 0 0 0 rg BT 118.61 208.40 Td (a ) Tj ET Q q 0 0 0 rg BT 125.55 208.40 Td (result ) Tj ET Q q 0 0 0 rg BT 150.27 208.40 Td (of ) Tj ET Q q 0 0 0 rg BT 161.10 208.40 Td (these ) Tj ET Q q 0 0 0 rg BT 184.15 208.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 221.64 208.40 Td (repositionings, ) Tj ET Q q 0 0 0 rg BT 283.31 208.40 Td (we ) Tj ET Q q 0 0 0 rg BT 297.47 208.40 Td (currently ) Tj ET Q q 0 0 0 rg BT 336.06 208.40 Td (maintain: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 191.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 191.90 Td (a ) Tj ET Q q 0 0 0 rg BT 124.09 191.90 Td (well ) Tj ET Q q 0 0 0 rg BT 143.97 191.90 Td (matched ) Tj ET Q q 0 0 0 rg BT 180.50 191.90 Td (asset/liability ) Tj ET Q q 0 0 0 rg BT 236.48 191.90 Td (profile ) Tj ET Q q 0 0 0 rg BT 265.79 191.90 Td (\(asset ) Tj ET Q q 0 0 0 rg BT 291.21 191.90 Td (duration, ) Tj ET Q q 0 0 0 rg BT 329.70 191.90 Td (including ) Tj ET Q q 0 0 0 rg BT 370.13 191.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 390.55 191.90 Td (and ) Tj ET Q q 0 0 0 rg BT 407.64 191.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 428.07 191.90 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 478.77 191.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.75 191.90 Td (6.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.25 191.90 Td ( ) Tj ET Q q 0 0 0 rg BT 509.91 191.90 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 179.90 Td (vs. ) Tj ET Q q 0 0 0 rg BT 130.89 179.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 164.50 179.90 Td (duration ) Tj ET Q q 0 0 0 rg BT 200.33 179.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.16 179.90 Td (6.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.66 179.90 Td ( ) Tj ET Q q 0 0 0 rg BT 231.16 179.90 Td (years\); ) Tj ET Q q 0 0 0 rg BT 260.86 179.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 163.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 163.40 Td (a ) Tj ET Q q 0 0 0 rg BT 123.94 163.40 Td (lar) Tj ET Q q 0 0 0 rg BT 134.30 163.40 Td (ge ) Tj ET Q q 0 0 0 rg BT 146.24 163.40 Td (exposure ) Tj ET Q q 0 0 0 rg BT 184.84 163.40 Td (to ) Tj ET Q q 0 0 0 rg BT 195.12 163.40 Td (less ) Tj ET Q q 0 0 0 rg BT 212.62 163.40 Td (rate-sensitive ) Tj ET Q q 0 0 0 rg BT 268.43 163.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 294.26 163.40 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.59 163.40 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.92 163.40 Td ( ) Tj ET Q q 0 0 0 rg BT 318.42 163.40 Td (of ) Tj ET Q q 0 0 0 rg BT 329.25 163.40 Td (invested ) Tj ET Q q 0 0 0 rg BT 365.08 163.40 Td (assets\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 142.40 Td (For ) Tj ET Q q 0 0 0 rg BT 123.40 142.40 Td (further ) Tj ET Q q 0 0 0 rg BT 155.12 142.40 Td (discussion ) Tj ET Q q 0 0 0 rg BT 201.30 142.40 Td (of ) Tj ET Q q 0 0 0 rg BT 214.14 142.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 253.64 142.40 Td (activity) Tj ET Q q 0 0 0 rg BT 282.98 142.40 Td (, ) Tj ET Q q 0 0 0 rg BT 289.99 142.40 Td (see ) Tj ET Q q 0 0 0 rg BT 307.27 142.40 Td (Management) Tj ET Q q 0 0 0 rg BT 366.69 142.40 Td (s ) Tj ET Q q 0 0 0 rg BT 375.09 142.40 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 423.49 142.40 Td (and ) Tj ET Q q 0 0 0 rg BT 441.44 142.40 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 480.95 142.40 Td (of ) Tj ET Q q 0 0 0 rg BT 493.79 142.40 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 130.40 Td (Condition ) Tj ET Q q 0 0 0 rg BT 123.50 130.40 Td (and ) Tj ET Q q 0 0 0 rg BT 140.44 130.40 Td (Results ) Tj ET Q q 0 0 0 rg BT 172.39 130.40 Td (of ) Tj ET Q q 0 0 0 rg BT 183.22 130.40 Td (Operations-Investment ) Tj ET Q q 0 0 0 rg BT 277.36 130.40 Td (Portfolio. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 104.90 Td (Derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 88.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.95 88.40 Td (FIA) Tj ET Q q 0 0 0 rg BT 138.51 88.40 Td ( ) Tj ET Q q 0 0 0 rg BT 140.92 88.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 179.41 88.40 Td (permit ) Tj ET Q q 0 0 0 rg BT 207.92 88.40 Td (the ) Tj ET Q q 0 0 0 rg BT 222.53 88.40 Td (holder ) Tj ET Q q 0 0 0 rg BT 250.48 88.40 Td (to ) Tj ET Q q 0 0 0 rg BT 260.66 88.40 Td (elect ) Tj ET Q q 0 0 0 rg BT 281.94 88.40 Td (to ) Tj ET Q q 0 0 0 rg BT 292.12 88.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 323.38 88.40 Td (a ) Tj ET Q q 0 0 0 rg BT 330.22 88.40 Td (return ) Tj ET Q q 0 0 0 rg BT 356.50 88.40 Td (based ) Tj ET Q q 0 0 0 rg BT 381.67 88.40 Td (on ) Tj ET Q q 0 0 0 rg BT 394.07 88.40 Td (an ) Tj ET Q q 0 0 0 rg BT 405.91 88.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 437.74 88.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 455.13 88.40 Td (or ) Tj ET Q q 0 0 0 rg BT 465.86 88.40 Td (the ) Tj ET Q q 0 0 0 rg BT 480.48 88.40 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 76.40 Td (of ) Tj ET Q q 0 0 0 rg BT 91.54 76.40 Td (a ) Tj ET Q q 0 0 0 rg BT 98.19 76.40 Td (market ) Tj ET Q q 0 0 0 rg BT 128.16 76.40 Td (index, ) Tj ET Q q 0 0 0 rg BT 155.08 76.40 Td (most ) Tj ET Q q 0 0 0 rg BT 176.74 76.40 Td (typically ) Tj ET Q q 0 0 0 rg BT 213.94 76.40 Td (based ) Tj ET Q q 0 0 0 rg BT 238.92 76.40 Td (on ) Tj ET Q q 0 0 0 rg BT 251.12 76.40 Td (the ) Tj ET Q q 0 0 0 rg BT 265.55 76.40 Td (S&P) Tj ET Q q 0 0 0 rg BT 284.08 76.40 Td ( ) Tj ET Q q 0 0 0 rg BT 286.29 76.40 Td (500 ) Tj ET Q q 0 0 0 rg BT 303.50 76.40 Td (Index. ) Tj ET Q q 0 0 0 rg BT 330.81 76.40 Td (W) Tj ET Q q 0 0 0 rg BT 339.45 76.40 Td (e ) Tj ET Q q 0 0 0 rg BT 346.10 76.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 383.84 76.40 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 429.92 76.40 Td (consisting ) Tj ET Q q 0 0 0 rg BT 472.69 76.40 Td (predominantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 64.40 Td (of ) Tj ET Q q 0 0 0 rg BT 92.50 64.40 Td (call ) Tj ET Q q 0 0 0 rg BT 110.10 64.40 Td (options ) Tj ET Q q 0 0 0 rg BT 142.72 64.40 Td (and, ) Tj ET Q q 0 0 0 rg BT 162.82 64.40 Td (to ) Tj ET Q q 0 0 0 rg BT 173.77 64.40 Td (a ) Tj ET Q q 0 0 0 rg BT 181.38 64.40 Td (lesser ) Tj ET Q q 0 0 0 rg BT 207.31 64.40 Td (degree, ) Tj ET Q q 0 0 0 rg BT 239.63 64.40 Td (futures ) Tj ET Q q 0 0 0 rg BT 270.56 64.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 309.82 64.40 Td (on ) Tj ET Q q 0 0 0 rg BT 322.99 64.40 Td (the ) Tj ET Q q 0 0 0 rg BT 338.38 64.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 366.54 64.40 Td (indices ) Tj ET Q q 0 0 0 rg BT 398.03 64.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 444.53 64.40 Td (the ) Tj ET Q q 0 0 0 rg BT 459.91 64.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 504.17 64.40 Td (policy) Tj ET Q q 0 0 0 rg BT 528.51 64.40 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 52.40 Td (These ) Tj ET Q q 0 0 0 rg BT 108.32 52.40 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 155.63 52.40 Td (are ) Tj ET Q q 0 0 0 rg BT 171.27 52.40 Td (used ) Tj ET Q q 0 0 0 rg BT 193.04 52.40 Td (to ) Tj ET Q q 0 0 0 rg BT 204.26 52.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 226.03 52.40 Td (the ) Tj ET Q q 0 0 0 rg BT 241.68 52.40 Td (index ) Tj ET Q q 0 0 0 rg BT 267.34 52.40 Td (credits ) Tj ET Q q 0 0 0 rg BT 297.43 52.40 Td (due ) Tj ET Q q 0 0 0 rg BT 315.31 52.40 Td (to ) Tj ET Q q 0 0 0 rg BT 326.53 52.40 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 384.40 52.40 Td (under ) Tj ET Q q 0 0 0 rg BT 410.61 52.40 Td (the ) Tj ET Q q 0 0 0 rg BT 426.26 52.40 Td (FIA) Tj ET Q q 0 0 0 rg BT 441.83 52.40 Td ( ) Tj ET Q q 0 0 0 rg BT 445.27 52.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 484.80 52.40 Td (based ) Tj ET Q q 0 0 0 rg BT 511.01 52.40 Td (upon ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (policyholders' ) Tj ET Q q 0 0 0 rg BT 140.19 735.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 175.36 735.60 Td (elections. ) Tj ET Q q 0 0 0 rg BT 216.14 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 234.65 735.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 271.49 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 282.78 735.60 Td (all ) Tj ET Q q 0 0 0 rg BT 295.73 735.60 Td (such ) Tj ET Q q 0 0 0 rg BT 317.02 735.60 Td (call ) Tj ET Q q 0 0 0 rg BT 334.41 735.60 Td (options ) Tj ET Q q 0 0 0 rg BT 366.82 735.60 Td (are ) Tj ET Q q 0 0 0 rg BT 381.99 735.60 Td (one-year ) Tj ET Q q 0 0 0 rg BT 419.92 735.60 Td (options ) Tj ET Q q 0 0 0 rg BT 452.33 735.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 495.83 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 506.56 735.60 Td (match ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.58 723.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 129.05 723.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 183.61 723.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 229.30 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.87 723.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 259.44 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 261.80 723.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 302.75 723.60 Td (On ) Tj ET Q q 0 0 0 rg BT 317.33 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.91 723.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 374.80 723.60 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 423.81 723.60 Td (dates ) Tj ET Q q 0 0 0 rg BT 446.72 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.41 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.99 723.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 515.44 723.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 531.00 723.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 122.01 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.64 711.60 Td (market ) Tj ET Q q 0 0 0 rg BT 166.82 711.60 Td (index ) Tj ET Q q 0 0 0 rg BT 191.45 711.60 Td (used ) Tj ET Q q 0 0 0 rg BT 212.19 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 222.39 711.60 Td (compute ) Tj ET Q q 0 0 0 rg BT 259.23 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 273.87 711.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 302.94 711.60 Td (index ) Tj ET Q q 0 0 0 rg BT 327.57 711.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 352.75 711.60 Td (under ) Tj ET Q q 0 0 0 rg BT 377.93 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 392.56 711.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 436.06 711.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 451.63 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 454.04 711.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 488.66 711.60 Td (is ) Tj ET Q q 0 0 0 rg BT 497.74 711.60 Td (reset. ) Tj ET Q q 0 0 0 rg BT 521.00 711.60 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (such ) Tj ET Q q 0 0 0 rg BT 101.72 699.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 124.37 699.60 Td (we ) Tj ET Q q 0 0 0 rg BT 138.42 699.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 176.34 699.60 Td (new ) Tj ET Q q 0 0 0 rg BT 195.39 699.60 Td (one-, ) Tj ET Q q 0 0 0 rg BT 218.04 699.60 Td (two-, ) Tj ET Q q 0 0 0 rg BT 241.26 699.60 Td (three-, ) Tj ET Q q 0 0 0 rg BT 269.46 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 280.17 699.60 Td (five-year ) Tj ET Q q 0 0 0 rg BT 318.64 699.60 Td (call ) Tj ET Q q 0 0 0 rg BT 335.46 699.60 Td (options ) Tj ET Q q 0 0 0 rg BT 367.29 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 377.46 699.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 398.17 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.77 699.60 Td (next ) Tj ET Q q 0 0 0 rg BT 432.38 699.60 Td (index ) Tj ET Q q 0 0 0 rg BT 456.98 699.60 Td (credit. ) Tj ET Q q 0 0 0 rg BT 484.46 699.60 Td (W) Tj ET Q q 0 0 0 rg BT 493.09 699.60 Td (e ) Tj ET Q q 0 0 0 rg BT 499.92 699.60 Td (manage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.31 687.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 113.52 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 123.95 687.60 Td (these ) Tj ET Q q 0 0 0 rg BT 146.59 687.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 188.12 687.60 Td (through ) Tj ET Q q 0 0 0 rg BT 221.32 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.64 687.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 259.95 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.38 687.60 Td (our ) Tj ET Q q 0 0 0 rg BT 285.80 687.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 301.37 687.60 Td ( ) Tj ET Q q 0 0 0 rg BT 303.46 687.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 344.15 687.60 Td (which ) Tj ET Q q 0 0 0 rg BT 370.69 687.60 Td (permit ) Tj ET Q q 0 0 0 rg BT 398.89 687.60 Td (us ) Tj ET Q q 0 0 0 rg BT 409.88 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 419.75 687.60 Td (change ) Tj ET Q q 0 0 0 rg BT 450.17 687.60 Td (caps ) Tj ET Q q 0 0 0 rg BT 470.03 687.60 Td (or ) Tj ET Q q 0 0 0 rg BT 480.46 687.60 Td (participation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 105.36 675.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 136.67 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 147.44 675.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 177.62 675.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 224.47 675.60 Td (minimums ) Tj ET Q q 0 0 0 rg BT 270.24 675.60 Td (that ) Tj ET Q q 0 0 0 rg BT 288.22 675.60 Td (must ) Tj ET Q q 0 0 0 rg BT 310.65 675.60 Td (be ) Tj ET Q q 0 0 0 rg BT 323.07 675.60 Td (maintained. ) Tj ET Q q 0 0 0 rg BT 372.77 675.60 Td (The ) Tj ET Q q 0 0 0 rg BT 391.30 675.60 Td (change ) Tj ET Q q 0 0 0 rg BT 422.60 675.60 Td (in ) Tj ET Q q 0 0 0 rg BT 433.37 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 448.57 675.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 465.43 675.60 Td (value ) Tj ET Q q 0 0 0 rg BT 490.07 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 501.39 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.59 675.60 Td (call ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (options ) Tj ET Q q 0 0 0 rg BT 113.12 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.23 663.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 160.68 663.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 199.44 663.60 Td (is ) Tj ET Q q 0 0 0 rg BT 208.79 663.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 248.66 663.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 286.88 663.60 Td (to ) Tj ET Q q 0 0 0 rg BT 297.33 663.60 Td (of) Tj ET Q q 0 0 0 rg BT 305.48 663.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 322.59 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.48 663.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 365.15 663.60 Td (market ) Tj ET Q q 0 0 0 rg BT 395.59 663.60 Td (related ) Tj ET Q q 0 0 0 rg BT 425.47 663.60 Td (change ) Tj ET Q q 0 0 0 rg BT 456.45 663.60 Td (in ) Tj ET Q q 0 0 0 rg BT 466.91 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.80 663.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 498.35 663.60 Td (value ) Tj ET Q q 0 0 0 rg BT 522.67 663.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.51 651.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 111.07 651.60 Td ( ) Tj ET Q q 0 0 0 rg BT 113.36 651.60 Td (contract) Tj ET Q q 0 0 0 rg BT 148.34 651.60 Td (s ) Tj ET Q q 0 0 0 rg BT 154.53 651.60 Td (related ) Tj ET Q q 0 0 0 rg BT 184.02 651.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 215.18 651.60 Td (liability) Tj ET Q q 0 0 0 rg BT 245.64 651.60 Td (. ) Tj ET Q q 0 0 0 rg BT 250.27 651.60 Td (The ) Tj ET Q q 0 0 0 rg BT 268.11 651.60 Td (call ) Tj ET Q q 0 0 0 rg BT 284.83 651.60 Td (options ) Tj ET Q q 0 0 0 rg BT 316.57 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 333.31 651.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 363.37 651.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 401.75 651.60 Td (are ) Tj ET Q q 0 0 0 rg BT 416.25 651.60 Td (marked ) Tj ET Q q 0 0 0 rg BT 448.53 651.60 Td (to ) Tj ET Q q 0 0 0 rg BT 458.60 651.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 474.77 651.60 Td (value ) Tj ET Q q 0 0 0 rg BT 498.72 651.60 Td (with ) Tj ET Q q 0 0 0 rg BT 518.79 651.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (change ) Tj ET Q q 0 0 0 rg BT 111.51 639.60 Td (in ) Tj ET Q q 0 0 0 rg BT 121.49 639.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 137.56 639.60 Td (value ) Tj ET Q q 0 0 0 rg BT 161.42 639.60 Td (included ) Tj ET Q q 0 0 0 rg BT 198.05 639.60 Td (as ) Tj ET Q q 0 0 0 rg BT 208.57 639.60 Td (a ) Tj ET Q q 0 0 0 rg BT 215.21 639.60 Td (component ) Tj ET Q q 0 0 0 rg BT 261.84 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 272.37 639.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 289.00 639.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 335.08 639.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 358.39 639.60 Td (\(losses\). ) Tj ET Q q 0 0 0 rg BT 393.48 639.60 Td (The ) Tj ET Q q 0 0 0 rg BT 411.22 639.60 Td (change ) Tj ET Q q 0 0 0 rg BT 441.73 639.60 Td (in ) Tj ET Q q 0 0 0 rg BT 451.71 639.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 467.78 639.60 Td (value ) Tj ET Q q 0 0 0 rg BT 491.64 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 502.16 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.58 639.60 Td (call ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.60 Td (options ) Tj ET Q q 0 0 0 rg BT 113.04 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.07 627.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 160.42 627.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 199.11 627.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 235.02 627.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.83 627.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 273.52 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 290.55 627.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 317.03 627.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 363.49 627.60 Td (at ) Tj ET Q q 0 0 0 rg BT 373.29 627.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.10 627.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 431.23 627.60 Td (of ) Tj ET Q q 0 0 0 rg BT 442.15 627.60 Td (the ) Tj ET Q q 0 0 0 rg BT 456.95 627.60 Td (instruments) Tj ET Q q 0 0 0 rg BT 506.21 627.60 Td ( ) Tj ET Q q 0 0 0 rg BT 508.80 627.60 Td (terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.83 615.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 114.33 615.60 Td (early ) Tj ET Q q 0 0 0 rg BT 136.82 615.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 185.41 615.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.35 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.07 615.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 251.78 615.60 Td (in ) Tj ET Q q 0 0 0 rg BT 262.05 615.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 278.43 615.60 Td (value ) Tj ET Q q 0 0 0 rg BT 302.59 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 313.42 615.60 Td (open ) Tj ET Q q 0 0 0 rg BT 335.36 615.60 Td (positions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 590.10 Td (Outsour) Tj ET Q q 0 0 0 rg BT 116.38 590.10 Td (cing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 573.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 573.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.58 573.60 Td (outsource ) Tj ET Q q 0 0 0 rg BT 161.95 573.60 Td (the ) Tj ET Q q 0 0 0 rg BT 176.67 573.60 Td (following ) Tj ET Q q 0 0 0 rg BT 218.06 573.60 Td (functions ) Tj ET Q q 0 0 0 rg BT 257.77 573.60 Td (to ) Tj ET Q q 0 0 0 rg BT 268.05 573.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 313.32 573.60 Td (service ) Tj ET Q q 0 0 0 rg BT 344.13 573.60 Td (providers: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 557.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 557.10 Td (new ) Tj ET Q q 0 0 0 rg BT 136.16 557.10 Td (business ) Tj ET Q q 0 0 0 rg BT 172.55 557.10 Td (administration; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 540.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 540.60 Td (service ) Tj ET Q q 0 0 0 rg BT 147.82 540.60 Td (of ) Tj ET Q q 0 0 0 rg BT 158.65 540.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 192.81 540.60 Td (policies; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 524.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 524.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 171.16 524.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 231.42 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.25 524.10 Td (life ) Tj ET Q q 0 0 0 rg BT 258.08 524.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 298.89 524.10 Td (applications;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 507.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 507.60 Td (call ) Tj ET Q q 0 0 0 rg BT 133.93 507.60 Td (centers; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 491.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 491.10 Td (information ) Tj ET Q q 0 0 0 rg BT 166.71 491.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 213.65 491.10 Td (development ) Tj ET Q q 0 0 0 rg BT 267.80 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.73 491.10 Td (maintenance; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 474.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 474.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 163.38 474.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 209.75 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 226.69 474.60 Td (custody; ) Tj ET Q q 0 0 0 rg BT 263.08 474.60 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 458.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 458.10 Td (hosting ) Tj ET Q q 0 0 0 rg BT 148.95 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.78 458.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 197.26 458.10 Td (systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 437.10 Td (e ) Tj ET Q q 0 0 0 rg BT 120.14 437.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 150.53 437.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 183.69 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.08 437.10 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 248.36 437.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 282.64 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.14 437.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 336.18 437.10 Td (their ) Tj ET Q q 0 0 0 rg BT 356.57 437.10 Td (services ) Tj ET Q q 0 0 0 rg BT 390.84 437.10 Td (into ) Tj ET Q q 0 0 0 rg BT 408.47 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 423.86 437.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 469.93 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 478.57 437.10 Td (e ) Tj ET Q q 0 0 0 rg BT 485.07 437.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 516.01 437.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 425.10 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 131.34 425.10 Td (such ) Tj ET Q q 0 0 0 rg BT 152.79 425.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 193.12 425.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 222.35 425.10 Td (us ) Tj ET Q q 0 0 0 rg BT 234.36 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.26 425.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 270.04 425.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 299.81 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.36 425.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 335.88 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.00 425.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 384.89 425.10 Td (on ) Tj ET Q q 0 0 0 rg BT 398.00 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.45 425.10 Td (core ) Tj ET Q q 0 0 0 rg BT 434.78 425.10 Td (business ) Tj ET Q q 0 0 0 rg BT 471.79 425.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 516.57 425.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 413.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 117.60 413.10 Td (dif) Tj ET Q q 0 0 0 rg BT 128.53 413.10 Td (ferentiating ) Tj ET Q q 0 0 0 rg BT 179.02 413.10 Td (functions, ) Tj ET Q q 0 0 0 rg BT 223.13 413.10 Td (such ) Tj ET Q q 0 0 0 rg BT 245.86 413.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.59 413.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 309.37 413.10 Td (actuarial, ) Tj ET Q q 0 0 0 rg BT 350.68 413.10 Td (product ) Tj ET Q q 0 0 0 rg BT 385.63 413.10 Td (development ) Tj ET Q q 0 0 0 rg BT 441.68 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.51 413.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 479.91 413.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 401.10 Td (functions. ) Tj ET Q q 0 0 0 rg BT 123.48 401.10 Td (In ) Tj ET Q q 0 0 0 rg BT 134.58 401.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 172.62 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 187.05 401.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 218.69 401.10 Td (an ) Tj ET Q q 0 0 0 rg BT 230.90 401.10 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 280.88 401.10 Td (model ) Tj ET Q q 0 0 0 rg BT 308.64 401.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 345.85 401.10 Td (predictable ) Tj ET Q q 0 0 0 rg BT 393.04 401.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 426.63 401.10 Td (service ) Tj ET Q q 0 0 0 rg BT 457.71 401.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 483.80 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.01 401.10 Td (volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 389.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 128.85 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.60 389.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 174.02 389.10 Td (us ) Tj ET Q q 0 0 0 rg BT 185.23 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.32 389.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 225.40 389.10 Td (from ) Tj ET Q q 0 0 0 rg BT 247.15 389.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 303.33 389.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 361.19 389.10 Td (that ) Tj ET Q q 0 0 0 rg BT 378.50 389.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 413.56 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.21 389.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 468.17 389.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 516.57 389.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 377.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 102.94 377.10 Td (processes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 356.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 356.10 Td (e ) Tj ET Q q 0 0 0 rg BT 119.60 356.10 Td (outsource ) Tj ET Q q 0 0 0 rg BT 160.01 356.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.87 356.10 Td (new ) Tj ET Q q 0 0 0 rg BT 193.06 356.10 Td (business ) Tj ET Q q 0 0 0 rg BT 228.48 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.44 356.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 277.64 356.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 304.16 356.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 363.46 356.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.65 356.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 408.17 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.14 356.10 Td (life ) Tj ET Q q 0 0 0 rg BT 438.99 356.10 Td (products ) Tj ET Q q 0 0 0 rg BT 474.96 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.15 356.10 Td (T) Tj ET Q q 0 0 0 rg BT 489.91 356.10 Td (ransaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 344.10 Td (Applications ) Tj ET Q q 0 0 0 rg BT 135.12 344.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 166.19 344.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 184.47 344.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 212.47 344.10 Td (this ) Tj ET Q q 0 0 0 rg BT 229.94 344.10 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 285.21 344.10 Td (T) Tj ET Q q 0 0 0 rg BT 290.96 344.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 334.41 344.10 Td (Applications ) Tj ET Q q 0 0 0 rg BT 388.52 344.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 419.59 344.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 437.88 344.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 475.88 344.10 Td (all ) Tj ET Q q 0 0 0 rg BT 488.89 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.23 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 516.58 344.10 Td (call ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 332.10 Td (center ) Tj ET Q q 0 0 0 rg BT 107.92 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.86 332.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 170.13 332.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 227.33 332.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 245.38 332.10 Td (current ) Tj ET Q q 0 0 0 rg BT 276.20 332.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 320.34 332.10 Td (expires ) Tj ET Q q 0 0 0 rg BT 351.72 332.10 Td (on ) Tj ET Q q 0 0 0 rg BT 364.22 332.10 Td (March ) Tj ET Q q 0 0 0 rg BT 392.82 332.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 407.82 332.10 Td (2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 311.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 311.10 Td (e ) Tj ET Q q 0 0 0 rg BT 121.59 311.10 Td (have ) Tj ET Q q 0 0 0 rg BT 143.98 311.10 Td (partnered ) Tj ET Q q 0 0 0 rg BT 185.25 311.10 Td (with ) Tj ET Q q 0 0 0 rg BT 206.55 311.10 Td (CRL-Plus ) Tj ET Q q 0 0 0 rg BT 250.07 311.10 Td (\(CRL-Plus\) ) Tj ET Q q 0 0 0 rg BT 309.14 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.43 311.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 366.71 311.10 Td (our ) Tj ET Q q 0 0 0 rg BT 383.56 311.10 Td (life ) Tj ET Q q 0 0 0 rg BT 400.40 311.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 442.23 311.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 497.40 311.10 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 299.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 108.78 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.79 299.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 148.80 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.92 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.93 299.10 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 230.19 299.10 Td (CRL-Plus ) Tj ET Q q 0 0 0 rg BT 273.00 299.10 Td (has ) Tj ET Q q 0 0 0 rg BT 289.12 299.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 326.35 299.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 344.87 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.66 299.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.89 299.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 395.99 299.10 Td (team ) Tj ET Q q 0 0 0 rg BT 418.22 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.34 299.10 Td (underwriters ) Tj ET Q q 0 0 0 rg BT 482.67 299.10 Td (with ) Tj ET Q q 0 0 0 rg BT 503.24 299.10 Td (Fellow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 287.10 Td (Life ) Tj ET Q q 0 0 0 rg BT 100.59 287.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 155.73 287.10 Td (Institute ) Tj ET Q q 0 0 0 rg BT 191.44 287.10 Td (designations. ) Tj ET Q q 0 0 0 rg BT 246.87 287.10 Td (Underwriting ) Tj ET Q q 0 0 0 rg BT 303.69 287.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 347.73 287.10 Td (for ) Tj ET Q q 0 0 0 rg BT 362.33 287.10 Td (each ) Tj ET Q q 0 0 0 rg BT 383.58 287.10 Td (product ) Tj ET Q q 0 0 0 rg BT 417.06 287.10 Td (are ) Tj ET Q q 0 0 0 rg BT 432.21 287.10 Td (established ) Tj ET Q q 0 0 0 rg BT 479.58 287.10 Td (by ) Tj ET Q q 0 0 0 rg BT 492.51 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 508.78 287.10 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 275.10 Td (Underwriter ) Tj ET Q q 0 0 0 rg BT 131.91 275.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.73 275.10 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 196.53 275.10 Td (with ) Tj ET Q q 0 0 0 rg BT 216.36 275.10 Td (our ) Tj ET Q q 0 0 0 rg BT 231.73 275.10 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 268.19 275.10 Td (department. ) Tj ET Q q 0 0 0 rg BT 317.72 275.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 335.31 275.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 359.57 275.10 Td (Underwriter ) Tj ET Q q 0 0 0 rg BT 410.48 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.96 275.10 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 463.43 275.10 Td (department ) Tj ET Q q 0 0 0 rg BT 510.45 275.10 Td (work ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 263.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 112.62 263.10 Td (with ) Tj ET Q q 0 0 0 rg BT 133.69 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.20 263.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 193.58 263.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 242.96 263.10 Td (company ) Tj ET Q q 0 0 0 rg BT 282.91 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.98 263.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 332.27 263.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.89 263.10 Td (change ) Tj ET Q q 0 0 0 rg BT 375.50 263.10 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 421.67 263.10 Td (Adherence ) Tj ET Q q 0 0 0 rg BT 468.27 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.34 263.10 Td (underwriting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 251.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 125.06 251.10 Td (is ) Tj ET Q q 0 0 0 rg BT 134.69 251.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 173.75 251.10 Td (at ) Tj ET Q q 0 0 0 rg BT 183.93 251.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.32 251.10 Td (case ) Tj ET Q q 0 0 0 rg BT 211.49 251.10 Td (level ) Tj ET Q q 0 0 0 rg BT 233.89 251.10 Td (through ) Tj ET Q q 0 0 0 rg BT 267.96 251.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 290.91 251.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 345.53 251.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 372.37 251.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 416.43 251.10 Td (by ) Tj ET Q q 0 0 0 rg BT 429.39 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 445.68 251.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 470.86 251.10 Td (Underwriter ) Tj ET Q q 0 0 0 rg BT 522.68 251.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 239.10 Td (well ) Tj ET Q q 0 0 0 rg BT 101.25 239.10 Td (as ) Tj ET Q q 0 0 0 rg BT 112.60 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.85 239.10 Td (CRL-Plus ) Tj ET Q q 0 0 0 rg BT 170.89 239.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 190.57 239.10 Td (underwriter) Tj ET Q q 0 0 0 rg BT 236.67 239.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.20 239.10 Td (Every ) Tj ET Q q 0 0 0 rg BT 269.10 239.10 Td (three ) Tj ET Q q 0 0 0 rg BT 292.12 239.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 318.74 239.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 373.43 239.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 400.34 239.10 Td (are ) Tj ET Q q 0 0 0 rg BT 415.58 239.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 459.70 239.10 Td (by ) Tj ET Q q 0 0 0 rg BT 472.73 239.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.09 239.10 Td (reinsurers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 227.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 99.52 227.10 Td (current ) Tj ET Q q 0 0 0 rg BT 130.81 227.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 175.43 227.10 Td (with ) Tj ET Q q 0 0 0 rg BT 196.18 227.10 Td (CRL-Plus ) Tj ET Q q 0 0 0 rg BT 239.16 227.10 Td (expires ) Tj ET Q q 0 0 0 rg BT 271.01 227.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.76 227.10 Td (December ) Tj ET Q q 0 0 0 rg BT 325.82 227.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 351.07 227.10 Td (W) Tj ET Q q 0 0 0 rg BT 359.71 227.10 Td (e ) Tj ET Q q 0 0 0 rg BT 367.12 227.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 398.97 227.10 Td (that ) Tj ET Q q 0 0 0 rg BT 416.94 227.10 Td (we ) Tj ET Q q 0 0 0 rg BT 431.57 227.10 Td (have ) Tj ET Q q 0 0 0 rg BT 453.42 227.10 Td (a ) Tj ET Q q 0 0 0 rg BT 460.83 227.10 Td (good ) Tj ET Q q 0 0 0 rg BT 483.80 227.10 Td (relationship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 215.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.28 215.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.11 215.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 155.15 215.10 Td (outsource ) Tj ET Q q 0 0 0 rg BT 196.53 215.10 Td (service ) Tj ET Q q 0 0 0 rg BT 227.34 215.10 Td (providers. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 189.60 Td (Ratings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 173.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.87 173.10 Td (access ) Tj ET Q q 0 0 0 rg BT 152.73 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.83 173.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 198.25 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.01 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 232.66 173.10 Td (related ) Tj ET Q q 0 0 0 rg BT 263.18 173.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 282.61 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.26 173.10 Td (borrowing, ) Tj ET Q q 0 0 0 rg BT 341.74 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.27 173.10 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 415.01 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.66 173.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 457.18 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.83 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 485.48 173.10 Td (products ) Tj ET Q q 0 0 0 rg BT 523.24 173.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 161.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 125.14 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.18 161.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 198.98 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 214.24 161.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 261.71 161.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 302.50 161.10 Td (posting ) Tj ET Q q 0 0 0 rg BT 335.55 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 351.35 161.10 Td (af) Tj ET Q q 0 0 0 rg BT 358.94 161.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 386.96 161.10 Td (by ) Tj ET Q q 0 0 0 rg BT 400.56 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.49 161.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 443.85 161.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 474.66 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.70 161.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 149.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.73 149.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 153.70 149.10 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 186.16 149.10 Td (which ) Tj ET Q q 0 0 0 rg BT 213.35 149.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.30 149.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 278.81 149.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 318.21 149.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.96 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.92 149.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 372.00 149.10 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 411.67 149.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 451.63 149.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 486.60 149.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 516.56 149.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 137.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 105.07 137.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 133.59 137.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.11 137.10 Td (important ) Tj ET Q q 0 0 0 rg BT 187.29 137.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 215.81 137.10 Td (af) Tj ET Q q 0 0 0 rg BT 223.40 137.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 252.46 137.10 Td (public ) Tj ET Q q 0 0 0 rg BT 278.77 137.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 323.93 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.02 137.10 Td (an ) Tj ET Q q 0 0 0 rg BT 343.76 137.10 Td (insurer ) Tj ET Q q 0 0 0 rg BT 372.84 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.58 137.10 Td (its ) Tj ET Q q 0 0 0 rg BT 399.34 137.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 447.85 137.10 Td (position ) Tj ET Q q 0 0 0 rg BT 481.38 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.47 137.10 Td (marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 125.10 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 108.60 Td (As ) Tj ET Q q 0 0 0 rg BT 118.55 108.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.31 108.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 189.51 108.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.51 108.60 Td (, ) Tj ET Q q 0 0 0 rg BT 213.90 108.60 Td (A.M. ) Tj ET Q q 0 0 0 rg BT 237.45 108.60 Td (Best ) Tj ET Q q 0 0 0 rg BT 257.66 108.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 298.98 108.60 Td (\("A.M. ) Tj ET Q q 0 0 0 rg BT 329.94 108.60 Td (Best"\), ) Tj ET Q q 0 0 0 rg BT 360.06 108.60 Td (Fitch ) Tj ET Q q 0 0 0 rg BT 383.05 108.60 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 416.04 108.60 Td (\("Fitch"\), ) Tj ET Q q 0 0 0 rg BT 456.36 108.60 Td (Moody) Tj ET Q q 0 0 0 rg BT 488.03 108.60 Td (s ) Tj ET Q q 0 0 0 rg BT 494.35 108.60 Td (Investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 96.60 Td (Service ) Tj ET Q q 0 0 0 rg BT 113.37 96.60 Td (\("Moody's"\) ) Tj ET Q q 0 0 0 rg BT 165.17 96.60 Td (and ) Tj ET Q q 0 0 0 rg BT 182.00 96.60 Td (S&P) Tj ET Q q 0 0 0 rg BT 200.53 96.60 Td ( ) Tj ET Q q 0 0 0 rg BT 202.91 96.60 Td (Global ) Tj ET Q q 0 0 0 rg BT 232.52 96.60 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 265.46 96.60 Td (\("S&P"\) ) Tj ET Q q 0 0 0 rg BT 301.58 96.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 328.96 96.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 366.33 96.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 400.94 96.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 426.09 96.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 454.02 96.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 483.63 96.60 Td (and ) Tj ET Q q 0 0 0 rg BT 500.45 96.60 Td (outlook ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 84.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 125.26 84.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 165.62 84.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 193.78 84.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.26 84.60 Td (its ) Tj ET Q q 0 0 0 rg BT 221.75 84.60 Td (wholly ) Tj ET Q q 0 0 0 rg BT 251.58 84.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 280.28 84.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 320.64 84.60 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 372.40 84.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 390.92 84.60 Td ( ) Tj ET Q q 0 0 0 rg BT 392.97 84.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 433.88 84.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.36 84.60 Td (Fidelity& ) Tj ET Q q 0 0 0 rg BT 493.80 84.60 Td (Guaranty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 72.60 Td (Life ) Tj ET Q q 0 0 0 rg BT 99.39 72.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 140.00 72.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.62 72.60 Td (of ) Tj ET Q q 0 0 0 rg BT 190.69 72.60 Td (New ) Tj ET Q q 0 0 0 rg BT 211.05 72.60 Td (Y) Tj ET Q q 0 0 0 rg BT 217.27 72.60 Td (ork ) Tj ET Q q 0 0 0 rg BT 232.34 72.60 Td (\(FGL) Tj ET Q q 0 0 0 rg BT 258.63 72.60 Td ( ) Tj ET Q q 0 0 0 rg BT 260.36 72.60 Td (NY) Tj ET Q q 0 0 0 rg BT 274.44 72.60 Td ( ) Tj ET Q q 0 0 0 rg BT 276.17 72.60 Td (Insurance\), ) Tj ET Q q 0 0 0 rg BT 327.05 72.60 Td (as ) Tj ET Q q 0 0 0 rg BT 337.11 72.60 Td (listed ) Tj ET Q q 0 0 0 rg BT 360.52 72.60 Td (below) Tj ET Q q 0 0 0 rg BT 384.31 72.60 Td (. ) Tj ET Q q 0 0 0 rg BT 388.54 72.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 415.27 72.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 444.23 72.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 482.61 72.60 Td (the ) Tj ET Q q 0 0 0 rg BT 496.57 72.60 Td (opinions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 60.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.14 60.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 118.27 60.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 155.49 60.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 196.62 60.60 Td (an ) Tj ET Q q 0 0 0 rg BT 208.86 60.60 Td (entity) Tj ET Q q 0 0 0 rg BT 234.41 60.60 Td (s ) Tj ET Q q 0 0 0 rg BT 241.11 60.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 269.46 60.60 Td (to ) Tj ET Q q 0 0 0 rg BT 280.05 60.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 305.06 60.60 Td (its ) Tj ET Q q 0 0 0 rg BT 317.31 60.60 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 374.27 60.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 414.29 60.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 449.31 60.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 479.33 60.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 518.79 60.60 Td (the ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (opinions ) Tj ET Q q 0 0 0 rg BT 118.06 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 129.00 735.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 154.94 735.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 191.98 735.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 232.90 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.73 735.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 275.90 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 286.84 735.60 Td (an ) Tj ET Q q 0 0 0 rg BT 298.89 735.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 339.82 735.60 Td (company ) Tj ET Q q 0 0 0 rg BT 379.09 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 389.48 735.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 411.52 735.60 Td (its ) Tj ET Q q 0 0 0 rg BT 423.58 735.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.18 735.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 508.23 735.60 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (an ) Tj ET Q q 0 0 0 rg BT 91.93 723.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 131.74 723.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 158.22 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.15 723.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 212.85 723.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 244.33 723.60 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 293.03 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 308.96 723.60 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 352.66 723.60 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 399.70 723.60 Td (by ) Tj ET Q q 0 0 0 rg BT 411.19 723.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 436.00 723.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 471.92 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 481.74 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 487.67 723.60 Td (company) Tj ET Q q 0 0 0 rg BT 527.11 723.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.71 711.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 157.21 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.38 711.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 212.88 711.60 Td (performance. ) Tj ET Q q 0 0 0 rg BT 267.63 711.60 Td (Generally) Tj ET Q q 0 0 0 rg BT 306.40 711.60 Td (, ) Tj ET Q q 0 0 0 rg BT 310.63 711.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 335.69 711.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 371.84 711.60 Td (base ) Tj ET Q q 0 0 0 rg BT 391.34 711.60 Td (their ) Tj ET Q q 0 0 0 rg BT 411.40 711.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.11 711.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 482.05 711.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 511.00 711.60 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (information ) Tj ET Q q 0 0 0 rg BT 130.07 699.60 Td (furnished ) Tj ET Q q 0 0 0 rg BT 169.69 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 179.33 699.60 Td (them ) Tj ET Q q 0 0 0 rg BT 201.18 699.60 Td (by ) Tj ET Q q 0 0 0 rg BT 213.04 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.11 699.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 256.74 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 273.03 699.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 294.89 699.60 Td (their ) Tj ET Q q 0 0 0 rg BT 315.07 699.60 Td (own ) Tj ET Q q 0 0 0 rg BT 334.15 699.60 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 394.06 699.60 Td (studies ) Tj ET Q q 0 0 0 rg BT 423.69 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 439.99 699.60 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 493.80 699.60 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 115.40 687.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 144.79 687.60 Td (are ) Tj ET Q q 0 0 0 rg BT 159.18 687.60 Td (based ) Tj ET Q q 0 0 0 rg BT 184.13 687.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 206.31 687.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 235.70 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 246.21 687.60 Td (concern ) Tj ET Q q 0 0 0 rg BT 280.03 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 289.99 687.60 Td (policyholders, ) Tj ET Q q 0 0 0 rg BT 349.11 687.60 Td (agents ) Tj ET Q q 0 0 0 rg BT 376.83 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 393.45 687.60 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 452.83 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.45 687.60 Td (are ) Tj ET Q q 0 0 0 rg BT 483.83 687.60 Td (not ) Tj ET Q q 0 0 0 rg BT 498.79 687.60 Td (directed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (toward ) Tj ET Q q 0 0 0 rg BT 111.63 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 126.71 675.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 170.11 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.30 675.60 Td (investors. ) Tj ET Q q 0 0 0 rg BT 222.77 675.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 250.63 675.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.93 675.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 305.77 675.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 340.85 675.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 370.93 675.60 Td (are ) Tj ET Q q 0 0 0 rg BT 386.00 675.60 Td (not ) Tj ET Q q 0 0 0 rg BT 401.63 675.60 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 475.58 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 486.22 675.60 Td (buy) Tj ET Q q 0 0 0 rg BT 500.58 675.60 Td (, ) Tj ET Q q 0 0 0 rg BT 505.94 675.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 522.68 675.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (hold ) Tj ET Q q 0 0 0 rg BT 101.28 663.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 141.54 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 158.48 663.60 Td (they ) Tj ET Q q 0 0 0 rg BT 178.20 663.60 Td (may ) Tj ET Q q 0 0 0 rg BT 197.91 663.60 Td (be ) Tj ET Q q 0 0 0 rg BT 209.85 663.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 241.23 663.60 Td (or ) Tj ET Q q 0 0 0 rg BT 252.06 663.60 Td (revoked ) Tj ET Q q 0 0 0 rg BT 286.77 663.60 Td (at ) Tj ET Q q 0 0 0 rg BT 296.48 663.60 Td (any ) Tj ET Q q 0 0 0 rg BT 313.42 663.60 Td (time ) Tj ET Q q 0 0 0 rg BT 333.70 663.60 Td (at ) Tj ET Q q 0 0 0 rg BT 343.41 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 358.13 663.60 Td (sole ) Tj ET Q q 0 0 0 rg BT 376.74 663.60 Td (discretion ) Tj ET Q q 0 0 0 rg BT 418.67 663.60 Td (of ) Tj ET Q q 0 0 0 rg BT 429.50 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 444.22 663.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 470.04 663.60 Td (or) Tj ET Q q 0 0 0 rg BT 478.19 663.60 Td (ganization. ) Tj ET Q BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 81.00 641.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 117.00 641.40 Td (Following ) Tj ET Q q 0 0 0 rg BT 159.95 641.40 Td (the ) Tj ET Q q 0 0 0 rg BT 173.99 641.40 Td (announcement ) Tj ET Q q 0 0 0 rg BT 234.13 641.40 Td (of ) Tj ET Q q 0 0 0 rg BT 244.29 641.40 Td (the ) Tj ET Q q 0 0 0 rg BT 258.33 641.40 Td (proposed ) Tj ET Q q 0 0 0 rg BT 296.82 641.40 Td (Mer) Tj ET Q q 0 0 0 rg BT 313.30 641.40 Td (ger ) Tj ET Q q 0 0 0 rg BT 327.89 641.40 Td (on ) Tj ET Q q 0 0 0 rg BT 339.72 641.40 Td (November ) Tj ET Q q 0 0 0 rg BT 383.76 641.40 Td (9, ) Tj ET Q q 0 0 0 rg BT 393.08 641.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 417.41 641.40 Td (the ) Tj ET Q q 0 0 0 rg BT 431.46 641.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 456.61 641.40 Td (or) Tj ET Q q 0 0 0 rg BT 464.76 641.40 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 512.13 641.40 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 629.40 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 128.29 629.40 Td (a ) Tj ET Q q 0 0 0 rg BT 135.60 629.40 Td (review ) Tj ET Q q 0 0 0 rg BT 165.68 629.40 Td (of ) Tj ET Q q 0 0 0 rg BT 176.88 629.40 Td (our ) Tj ET Q q 0 0 0 rg BT 193.08 629.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 213.17 629.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 243.25 629.40 Td (and ) Tj ET Q q 0 0 0 rg BT 260.56 629.40 Td (our ) Tj ET Q q 0 0 0 rg BT 276.76 629.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 317.95 629.40 Td (company ) Tj ET Q q 0 0 0 rg BT 357.47 629.40 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 407.28 629.40 Td ( ) Tj ET Q q 0 0 0 rg BT 410.15 629.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.00 629.40 Td (strength ) Tj ET Q q 0 0 0 rg BT 483.09 629.40 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 515.47 629.40 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 617.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 107.34 617.40 Td (or) Tj ET Q q 0 0 0 rg BT 115.49 617.40 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 164.04 617.40 Td (may ) Tj ET Q q 0 0 0 rg BT 184.27 617.40 Td (take ) Tj ET Q q 0 0 0 rg BT 203.94 617.40 Td (various ) Tj ET Q q 0 0 0 rg BT 236.39 617.40 Td (actions, ) Tj ET Q q 0 0 0 rg BT 270.22 617.40 Td (positive ) Tj ET Q q 0 0 0 rg BT 304.90 617.40 Td (or ) Tj ET Q q 0 0 0 rg BT 316.24 617.40 Td (negative. ) Tj ET Q q 0 0 0 rg BT 355.63 617.40 Td (Such ) Tj ET Q q 0 0 0 rg BT 378.64 617.40 Td (actions ) Tj ET Q q 0 0 0 rg BT 409.97 617.40 Td (are ) Tj ET Q q 0 0 0 rg BT 425.19 617.40 Td (beyond ) Tj ET Q q 0 0 0 rg BT 457.64 617.40 Td (FGL's ) Tj ET Q q 0 0 0 rg BT 485.24 617.40 Td (control ) Tj ET Q q 0 0 0 rg BT 516.58 617.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 605.40 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 605.40 Td ( ) Tj ET Q q 0 0 0 rg BT 102.02 605.40 Td (cannot ) Tj ET Q q 0 0 0 rg BT 131.18 605.40 Td (predict ) Tj ET Q q 0 0 0 rg BT 161.44 605.40 Td (what ) Tj ET Q q 0 0 0 rg BT 183.38 605.40 Td (these ) Tj ET Q q 0 0 0 rg BT 206.42 605.40 Td (actions ) Tj ET Q q 0 0 0 rg BT 237.25 605.40 Td (may ) Tj ET Q q 0 0 0 rg BT 256.97 605.40 Td (be ) Tj ET Q q 0 0 0 rg BT 268.91 605.40 Td (and ) Tj ET Q q 0 0 0 rg BT 285.84 605.40 Td (the ) Tj ET Q q 0 0 0 rg BT 300.56 605.40 Td (timing ) Tj ET Q q 0 0 0 rg BT 329.17 605.40 Td (thereof. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 559.90 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 559.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 559.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 559.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 559.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 559.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 559.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 559.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 559.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 489.90 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 489.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 489.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 489.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 489.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 489.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 489.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 489.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 489.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 419.90 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 419.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 419.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 419.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 419.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 419.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 419.90 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 419.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 419.90 55.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 574.9 m 354.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 574.9 m 413.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 574.9 m 472.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 574.9 m 531.5 574.9 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.50 579.13 Td (A.M. Best) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.60 579.13 Td (Fitch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.80 579.13 Td (Moody's) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.70 579.13 Td (S&P) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 84 562.880078125 m 117.33984375 562.880078125 l s q 0 0 0 rg BT 84.00 564.13 Td (Company) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 551.85 Td (Fidelity & Guaranty Life Insurance Company) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 538.85 Td (Financial Strength Rating) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 538.85 Td (B++ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.50 530.85 Td (\(5 of 16\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.45 538.85 Td (BBB ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.50 530.85 Td (\(9 of 21\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.25 538.85 Td (Baa3 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.50 530.85 Td (\(10 of 21\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.15 538.85 Td (BBB- ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.50 530.85 Td (\(10 of 22\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 517.85 Td (Outlook) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.25 517.85 Td (Under Review ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.65 509.85 Td (W) Tj ET Q q 0 0 0 rg BT 325.88 509.85 Td (ith ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.80 501.85 Td (Developing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.50 493.85 Td (Implications) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.50 517.85 Td (Stable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.60 517.85 Td (Positive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.35 517.85 Td (CreditW) Tj ET Q q 0 0 0 rg BT 510.26 517.85 Td (atch ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.80 509.85 Td (Developing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 481.85 Td (Fidelity & Guaranty Life Insurance Company of New York) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 468.85 Td (Financial Strength Rating) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 468.85 Td (B++ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.50 460.85 Td (\(5 of 16\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.45 468.85 Td (BBB ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.50 460.85 Td (\(9 of 21\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.15 468.85 Td (Not Rated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.15 468.85 Td (BBB- ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.50 460.85 Td (\(10 of 22\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 447.85 Td (Outlook) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.25 447.85 Td (Under Review ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.65 439.85 Td (W) Tj ET Q q 0 0 0 rg BT 325.88 439.85 Td (ith ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.80 431.85 Td (Developing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.50 423.85 Td (Implications) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.50 447.85 Td (Stable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.15 447.85 Td (Not Rated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.35 447.85 Td (CreditW) Tj ET Q q 0 0 0 rg BT 510.26 447.85 Td (atch ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.80 439.85 Td (Developing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 411.85 Td (Fidelity& Guaranty Life Holdings, Inc.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 398.85 Td (Senior Unsecured Notes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.20 398.85 Td (bb+ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.65 390.85 Td (\(1) Tj ET Q q 0 0 0 rg BT 317.02 390.85 Td (1 of 22\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.80 398.85 Td (BB- ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.50 390.85 Td (\(13 of 21\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.05 398.85 Td (Ba3 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.50 390.85 Td (\(13 of 21\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.80 398.85 Td (BB- ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.50 390.85 Td (\(13 of 22\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 377.85 Td (Issuer Credit / Default Rating) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.20 377.85 Td (bb+ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.65 369.85 Td (\(1) Tj ET Q q 0 0 0 rg BT 317.02 369.85 Td (1 of 22\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 377.85 Td (BB ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.50 369.85 Td (\(12 of 21\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.15 377.85 Td (Not Rated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.80 377.85 Td (BB- ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.50 369.85 Td (\(13 of 22\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 356.85 Td (Outlook) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.25 356.85 Td (Under Review ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.65 348.85 Td (W) Tj ET Q q 0 0 0 rg BT 325.88 348.85 Td (ith ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.80 340.85 Td (Developing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.50 332.85 Td (Implications) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.60 356.85 Td (Positive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.60 356.85 Td (Positive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.35 356.85 Td (CreditW) Tj ET Q q 0 0 0 rg BT 510.26 356.85 Td (atch ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.80 348.85 Td (Developing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 320.85 Td (*Reflects current ratings and outlooks as of date of filing) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 293.40 Td (In ) Tj ET Q q 0 0 0 rg BT 115.40 293.40 Td (addition ) Tj ET Q q 0 0 0 rg BT 150.24 293.40 Td (to ) Tj ET Q q 0 0 0 rg BT 160.09 293.40 Td (the ) Tj ET Q q 0 0 0 rg BT 174.37 293.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.42 293.40 Td (strength ) Tj ET Q q 0 0 0 rg BT 245.70 293.40 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 277.49 293.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 302.88 293.40 Td (agencies ) Tj ET Q q 0 0 0 rg BT 339.37 293.40 Td (use ) Tj ET Q q 0 0 0 rg BT 354.77 293.40 Td (an ) Tj ET Q q 0 0 0 rg BT 366.28 293.40 Td (outlook ) Tj ET Q q 0 0 0 rg BT 403.34 293.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 448.17 293.40 Td (to ) Tj ET Q q 0 0 0 rg BT 458.01 293.40 Td (indicate ) Tj ET Q q 0 0 0 rg BT 491.73 293.40 Td (a ) Tj ET Q q 0 0 0 rg BT 498.24 293.40 Td (medium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 281.40 Td (or ) Tj ET Q q 0 0 0 rg BT 91.91 281.40 Td (long ) Tj ET Q q 0 0 0 rg BT 112.26 281.40 Td (term ) Tj ET Q q 0 0 0 rg BT 133.17 281.40 Td (trend ) Tj ET Q q 0 0 0 rg BT 156.29 281.40 Td (which, ) Tj ET Q q 0 0 0 rg BT 185.80 281.40 Td (if ) Tj ET Q q 0 0 0 rg BT 194.49 281.40 Td (continued, ) Tj ET Q q 0 0 0 rg BT 239.00 281.40 Td (may ) Tj ET Q q 0 0 0 rg BT 258.79 281.40 Td (lead ) Tj ET Q q 0 0 0 rg BT 278.03 281.40 Td (to ) Tj ET Q q 0 0 0 rg BT 288.38 281.40 Td (a ) Tj ET Q q 0 0 0 rg BT 295.40 281.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 321.30 281.40 Td (change. ) Tj ET Q q 0 0 0 rg BT 354.12 281.40 Td (A) Tj ET Q q 0 0 0 rg BT 360.79 281.40 Td ( ) Tj ET Q q 0 0 0 rg BT 363.37 281.40 Td (positive ) Tj ET Q q 0 0 0 rg BT 397.61 281.40 Td (outlook ) Tj ET Q q 0 0 0 rg BT 430.75 281.40 Td (indicates ) Tj ET Q q 0 0 0 rg BT 468.87 281.40 Td (a ) Tj ET Q q 0 0 0 rg BT 475.88 281.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 501.78 281.40 Td (may ) Tj ET Q q 0 0 0 rg BT 521.58 281.40 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 269.40 Td (raised ) Tj ET Q q 0 0 0 rg BT 107.15 269.40 Td (and ) Tj ET Q q 0 0 0 rg BT 123.86 269.40 Td (a ) Tj ET Q q 0 0 0 rg BT 130.57 269.40 Td (negative ) Tj ET Q q 0 0 0 rg BT 166.71 269.40 Td (outlook ) Tj ET Q q 0 0 0 rg BT 199.54 269.40 Td (indicates ) Tj ET Q q 0 0 0 rg BT 237.35 269.40 Td (a ) Tj ET Q q 0 0 0 rg BT 244.06 269.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 269.65 269.40 Td (may ) Tj ET Q q 0 0 0 rg BT 289.14 269.40 Td (be ) Tj ET Q q 0 0 0 rg BT 300.85 269.40 Td (lowered. ) Tj ET Q q 0 0 0 rg BT 337.33 269.40 Td (A) Tj ET Q q 0 0 0 rg BT 344.00 269.40 Td ( ) Tj ET Q q 0 0 0 rg BT 346.27 269.40 Td (stable ) Tj ET Q q 0 0 0 rg BT 371.86 269.40 Td (outlook ) Tj ET Q q 0 0 0 rg BT 404.69 269.40 Td (is ) Tj ET Q q 0 0 0 rg BT 413.63 269.40 Td (assigned ) Tj ET Q q 0 0 0 rg BT 450.34 269.40 Td (when ) Tj ET Q q 0 0 0 rg BT 474.27 269.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 503.76 269.40 Td (are ) Tj ET Q q 0 0 0 rg BT 518.23 269.40 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 257.40 Td (likely ) Tj ET Q q 0 0 0 rg BT 105.51 257.40 Td (to ) Tj ET Q q 0 0 0 rg BT 115.02 257.40 Td (be ) Tj ET Q q 0 0 0 rg BT 126.19 257.40 Td (changed. ) Tj ET Q q 0 0 0 rg BT 163.35 257.40 Td (A) Tj ET Q q 0 0 0 rg BT 170.02 257.40 Td ( ) Tj ET Q q 0 0 0 rg BT 171.76 257.40 Td (developing ) Tj ET Q q 0 0 0 rg BT 217.92 257.40 Td (outlook ) Tj ET Q q 0 0 0 rg BT 250.21 257.40 Td (is ) Tj ET Q q 0 0 0 rg BT 258.61 257.40 Td (assigned ) Tj ET Q q 0 0 0 rg BT 294.78 257.40 Td (when ) Tj ET Q q 0 0 0 rg BT 318.18 257.40 Td (a ) Tj ET Q q 0 0 0 rg BT 324.35 257.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 349.40 257.40 Td (may ) Tj ET Q q 0 0 0 rg BT 368.35 257.40 Td (be ) Tj ET Q q 0 0 0 rg BT 379.52 257.40 Td (raised, ) Tj ET Q q 0 0 0 rg BT 407.63 257.40 Td (lowered, ) Tj ET Q q 0 0 0 rg BT 444.07 257.40 Td (or ) Tj ET Q q 0 0 0 rg BT 454.14 257.40 Td (af) Tj ET Q q 0 0 0 rg BT 461.72 257.40 Td (firmed. ) Tj ET Q q 0 0 0 rg BT 492.61 257.40 Td ( ) Tj ET Q q 0 0 0 rg BT 494.34 257.40 Td (Outlooks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 245.40 Td (should ) Tj ET Q q 0 0 0 rg BT 110.59 245.40 Td (not ) Tj ET Q q 0 0 0 rg BT 126.30 245.40 Td (be ) Tj ET Q q 0 0 0 rg BT 138.66 245.40 Td (confused ) Tj ET Q q 0 0 0 rg BT 177.68 245.40 Td (with ) Tj ET Q q 0 0 0 rg BT 198.39 245.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 236.84 245.40 Td (stability ) Tj ET Q q 0 0 0 rg BT 271.99 245.40 Td (of ) Tj ET Q q 0 0 0 rg BT 283.25 245.40 Td (the ) Tj ET Q q 0 0 0 rg BT 298.39 245.40 Td (issuer) Tj ET Q q 0 0 0 rg BT 322.09 245.40 Td () Tj ET Q q 0 0 0 rg BT 324.87 245.40 Td (s ) Tj ET Q q 0 0 0 rg BT 331.68 245.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 369.59 245.40 Td (or ) Tj ET Q q 0 0 0 rg BT 380.84 245.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 422.64 245.40 Td (performance. ) Tj ET Q q 0 0 0 rg BT 477.94 245.40 Td (A) Tj ET Q q 0 0 0 rg BT 484.61 245.40 Td ( ) Tj ET Q q 0 0 0 rg BT 487.54 245.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 513.79 245.40 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 233.40 Td (have ) Tj ET Q q 0 0 0 rg BT 101.69 233.40 Td (a ) Tj ET Q q 0 0 0 rg BT 107.95 233.40 Td ("stable" ) Tj ET Q q 0 0 0 rg BT 141.25 233.40 Td (outlook ) Tj ET Q q 0 0 0 rg BT 173.62 233.40 Td (to ) Tj ET Q q 0 0 0 rg BT 183.22 233.40 Td (indicate ) Tj ET Q q 0 0 0 rg BT 216.68 233.40 Td (that ) Tj ET Q q 0 0 0 rg BT 233.49 233.40 Td (the ) Tj ET Q q 0 0 0 rg BT 247.53 233.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 272.67 233.40 Td (is ) Tj ET Q q 0 0 0 rg BT 281.15 233.40 Td (not ) Tj ET Q q 0 0 0 rg BT 295.75 233.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 333.09 233.40 Td (to ) Tj ET Q q 0 0 0 rg BT 342.69 233.40 Td (change, ) Tj ET Q q 0 0 0 rg BT 375.32 233.40 Td (but ) Tj ET Q q 0 0 0 rg BT 389.91 233.40 Td (a ) Tj ET Q q 0 0 0 rg BT 396.17 233.40 Td ("stable" ) Tj ET Q q 0 0 0 rg BT 429.47 233.40 Td (outlook ) Tj ET Q q 0 0 0 rg BT 461.84 233.40 Td (does ) Tj ET Q q 0 0 0 rg BT 481.99 233.40 Td (not ) Tj ET Q q 0 0 0 rg BT 496.58 233.40 Td (preclude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 221.40 Td (a ) Tj ET Q q 0 0 0 rg BT 87.94 221.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 113.76 221.40 Td (agency ) Tj ET Q q 0 0 0 rg BT 144.58 221.40 Td (from ) Tj ET Q q 0 0 0 rg BT 166.52 221.40 Td (changing ) Tj ET Q q 0 0 0 rg BT 205.67 221.40 Td (a ) Tj ET Q q 0 0 0 rg BT 212.61 221.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 238.44 221.40 Td (at ) Tj ET Q q 0 0 0 rg BT 248.15 221.40 Td (any ) Tj ET Q q 0 0 0 rg BT 265.09 221.40 Td (time ) Tj ET Q q 0 0 0 rg BT 285.37 221.40 Td (without ) Tj ET Q q 0 0 0 rg BT 318.42 221.40 Td (notice.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 200.40 Td (A.M. ) Tj ET Q q 0 0 0 rg BT 128.77 200.40 Td (Best, ) Tj ET Q q 0 0 0 rg BT 151.70 200.40 Td (Fitch, ) Tj ET Q q 0 0 0 rg BT 177.41 200.40 Td (Moody) Tj ET Q q 0 0 0 rg BT 209.08 200.40 Td (s ) Tj ET Q q 0 0 0 rg BT 215.63 200.40 Td (and ) Tj ET Q q 0 0 0 rg BT 232.72 200.40 Td (S&P) Tj ET Q q 0 0 0 rg BT 251.25 200.40 Td ( ) Tj ET Q q 0 0 0 rg BT 253.91 200.40 Td (review ) Tj ET Q q 0 0 0 rg BT 283.77 200.40 Td (their ) Tj ET Q q 0 0 0 rg BT 304.75 200.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 334.63 200.40 Td (of ) Tj ET Q q 0 0 0 rg BT 345.61 200.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 386.58 200.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 432.00 200.40 Td (from ) Tj ET Q q 0 0 0 rg BT 454.09 200.40 Td (time ) Tj ET Q q 0 0 0 rg BT 474.52 200.40 Td (to ) Tj ET Q q 0 0 0 rg BT 484.96 200.40 Td (time. ) Tj ET Q q 0 0 0 rg BT 507.69 200.40 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 188.40 Td (can ) Tj ET Q q 0 0 0 rg BT 96.55 188.40 Td (be ) Tj ET Q q 0 0 0 rg BT 107.66 188.40 Td (no ) Tj ET Q q 0 0 0 rg BT 119.34 188.40 Td (assurance ) Tj ET Q q 0 0 0 rg BT 159.88 188.40 Td (that ) Tj ET Q q 0 0 0 rg BT 176.55 188.40 Td (any ) Tj ET Q q 0 0 0 rg BT 192.66 188.40 Td (particular ) Tj ET Q q 0 0 0 rg BT 232.64 188.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 257.64 188.40 Td (will ) Tj ET Q q 0 0 0 rg BT 274.87 188.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 310.98 188.40 Td (for ) Tj ET Q q 0 0 0 rg BT 324.31 188.40 Td (any ) Tj ET Q q 0 0 0 rg BT 340.43 188.40 Td (given ) Tj ET Q q 0 0 0 rg BT 364.32 188.40 Td (period ) Tj ET Q q 0 0 0 rg BT 391.54 188.40 Td (of ) Tj ET Q q 0 0 0 rg BT 401.54 188.40 Td (time ) Tj ET Q q 0 0 0 rg BT 420.99 188.40 Td (or ) Tj ET Q q 0 0 0 rg BT 430.99 188.40 Td (that ) Tj ET Q q 0 0 0 rg BT 447.66 188.40 Td (it ) Tj ET Q q 0 0 0 rg BT 454.89 188.40 Td (will ) Tj ET Q q 0 0 0 rg BT 472.12 188.40 Td (not ) Tj ET Q q 0 0 0 rg BT 486.58 188.40 Td (be ) Tj ET Q q 0 0 0 rg BT 497.69 188.40 Td (changed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 176.40 Td (or ) Tj ET Q q 0 0 0 rg BT 90.86 176.40 Td (withdrawn ) Tj ET Q q 0 0 0 rg BT 135.15 176.40 Td (entirely ) Tj ET Q q 0 0 0 rg BT 167.22 176.40 Td (if, ) Tj ET Q q 0 0 0 rg BT 177.35 176.40 Td (in ) Tj ET Q q 0 0 0 rg BT 186.66 176.40 Td (their ) Tj ET Q q 0 0 0 rg BT 206.51 176.40 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 248.31 176.40 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 306.47 176.40 Td (so ) Tj ET Q q 0 0 0 rg BT 316.89 176.40 Td (warrant. ) Tj ET Q q 0 0 0 rg BT 351.34 176.40 Td (While ) Tj ET Q q 0 0 0 rg BT 377.30 176.40 Td (the ) Tj ET Q q 0 0 0 rg BT 391.05 176.40 Td (degree ) Tj ET Q q 0 0 0 rg BT 419.22 176.40 Td (to ) Tj ET Q q 0 0 0 rg BT 428.52 176.40 Td (which ) Tj ET Q q 0 0 0 rg BT 454.49 176.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 483.23 176.40 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 164.40 Td (will ) Tj ET Q q 0 0 0 rg BT 98.30 164.40 Td (af) Tj ET Q q 0 0 0 rg BT 105.89 164.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 122.62 164.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 143.80 164.40 Td (and ) Tj ET Q q 0 0 0 rg BT 159.98 164.40 Td (persistency ) Tj ET Q q 0 0 0 rg BT 206.71 164.40 Td (is ) Tj ET Q q 0 0 0 rg BT 215.12 164.40 Td (unknown, ) Tj ET Q q 0 0 0 rg BT 256.59 164.40 Td (we ) Tj ET Q q 0 0 0 rg BT 269.99 164.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 300.60 164.40 Td (if ) Tj ET Q q 0 0 0 rg BT 308.46 164.40 Td (our ) Tj ET Q q 0 0 0 rg BT 323.53 164.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 352.49 164.40 Td (were ) Tj ET Q q 0 0 0 rg BT 373.66 164.40 Td (to ) Tj ET Q q 0 0 0 rg BT 383.18 164.40 Td (be ) Tj ET Q q 0 0 0 rg BT 394.36 164.40 Td (negatively ) Tj ET Q q 0 0 0 rg BT 437.76 164.40 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 472.83 164.40 Td (for ) Tj ET Q q 0 0 0 rg BT 486.23 164.40 Td (any ) Tj ET Q q 0 0 0 rg BT 502.41 164.40 Td (reason, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.40 Td (we ) Tj ET Q q 0 0 0 rg BT 95.43 152.40 Td (could ) Tj ET Q q 0 0 0 rg BT 120.42 152.40 Td (experience ) Tj ET Q q 0 0 0 rg BT 166.49 152.40 Td (a ) Tj ET Q q 0 0 0 rg BT 173.70 152.40 Td (material ) Tj ET Q q 0 0 0 rg BT 209.23 152.40 Td (decline ) Tj ET Q q 0 0 0 rg BT 240.87 152.40 Td (in ) Tj ET Q q 0 0 0 rg BT 251.42 152.40 Td (the ) Tj ET Q q 0 0 0 rg BT 266.41 152.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 288.62 152.40 Td (of ) Tj ET Q q 0 0 0 rg BT 299.72 152.40 Td (our ) Tj ET Q q 0 0 0 rg BT 315.82 152.40 Td (products ) Tj ET Q q 0 0 0 rg BT 353.03 152.40 Td (and ) Tj ET Q q 0 0 0 rg BT 370.24 152.40 Td (the ) Tj ET Q q 0 0 0 rg BT 385.23 152.40 Td (persistency ) Tj ET Q q 0 0 0 rg BT 432.98 152.40 Td (of ) Tj ET Q q 0 0 0 rg BT 444.09 152.40 Td (our ) Tj ET Q q 0 0 0 rg BT 460.19 152.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 494.62 152.40 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.40 Td (See ) Tj ET Q q 0 0 0 rg BT 97.94 140.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 123.20 140.40 Td (1A. ) Tj ET Q q 0 0 0 rg BT 140.42 140.40 Td (Risk ) Tj ET Q q 0 0 0 rg BT 161.26 140.40 Td (Factors.) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 125.70 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 113.70 Td (Potential ) Tj ET Q q 0 0 0 rg BT 132.72 113.70 Td (Impact ) Tj ET Q q 0 0 0 rg BT 164.11 113.70 Td (of ) Tj ET Q q 0 0 0 rg BT 174.94 113.70 Td (a ) Tj ET Q q 0 0 0 rg BT 182.44 113.70 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 216.62 113.70 Td (Downgrade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 97.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 132.86 97.20 Td (some ) Tj ET Q q 0 0 0 rg BT 156.84 97.20 Td (International ) Tj ET Q q 0 0 0 rg BT 210.80 97.20 Td (Swaps ) Tj ET Q q 0 0 0 rg BT 239.78 97.20 Td (and ) Tj ET Q q 0 0 0 rg BT 257.09 97.20 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 305.42 97.20 Td (Association, ) Tj ET Q q 0 0 0 rg BT 358.01 97.20 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 376.15 97.20 Td (\("ISDA"\) ) Tj ET Q q 0 0 0 rg BT 417.17 97.20 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 468.08 97.20 Td (we ) Tj ET Q q 0 0 0 rg BT 482.61 97.20 Td (have ) Tj ET Q q 0 0 0 rg BT 504.35 97.20 Td (agreed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 85.20 Td (to ) Tj ET Q q 0 0 0 rg BT 90.91 85.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 128.04 85.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 157.37 85.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 194.49 85.20 Td (strength ) Tj ET Q q 0 0 0 rg BT 228.84 85.20 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 260.22 85.20 Td (A) Tj ET Q q 0 0 0 rg BT 266.89 85.20 Td ( ) Tj ET Q q 0 0 0 rg BT 269.02 85.20 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 315.58 85.20 Td (below ) Tj ET Q q 0 0 0 rg BT 342.16 85.20 Td (these ) Tj ET Q q 0 0 0 rg BT 364.84 85.20 Td (levels ) Tj ET Q q 0 0 0 rg BT 390.29 85.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 426.87 85.20 Td (the ) Tj ET Q q 0 0 0 rg BT 441.22 85.20 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 493.88 85.20 Td (under ) Tj ET Q q 0 0 0 rg BT 518.79 85.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 73.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 125.86 73.20 Td (the ) Tj ET Q q 0 0 0 rg BT 141.30 73.20 Td (right ) Tj ET Q q 0 0 0 rg BT 163.41 73.20 Td (to ) Tj ET Q q 0 0 0 rg BT 174.41 73.20 Td (terminate ) Tj ET Q q 0 0 0 rg BT 215.39 73.20 Td (the ) Tj ET Q q 0 0 0 rg BT 230.83 73.20 Td (open ) Tj ET Q q 0 0 0 rg BT 253.50 73.20 Td (derivative ) Tj ET Q q 0 0 0 rg BT 296.70 73.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 336.01 73.20 Td (between ) Tj ET Q q 0 0 0 rg BT 372.55 73.20 Td (the ) Tj ET Q q 0 0 0 rg BT 387.99 73.20 Td (parties, ) Tj ET Q q 0 0 0 rg BT 420.37 73.20 Td (at ) Tj ET Q q 0 0 0 rg BT 430.81 73.20 Td (which ) Tj ET Q q 0 0 0 rg BT 458.47 73.20 Td (time ) Tj ET Q q 0 0 0 rg BT 479.47 73.20 Td (any ) Tj ET Q q 0 0 0 rg BT 497.13 73.20 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 61.20 Td (payable ) Tj ET Q q 0 0 0 rg BT 114.41 61.20 Td (by ) Tj ET Q q 0 0 0 rg BT 126.72 61.20 Td (us ) Tj ET Q q 0 0 0 rg BT 137.93 61.20 Td (or ) Tj ET Q q 0 0 0 rg BT 148.57 61.20 Td (the ) Tj ET Q q 0 0 0 rg BT 163.10 61.20 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 215.95 61.20 Td (would ) Tj ET Q q 0 0 0 rg BT 243.26 61.20 Td (be ) Tj ET Q q 0 0 0 rg BT 255.01 61.20 Td (dependent ) Tj ET Q q 0 0 0 rg BT 298.42 61.20 Td (on ) Tj ET Q q 0 0 0 rg BT 310.73 61.20 Td (the ) Tj ET Q q 0 0 0 rg BT 325.26 61.20 Td (market ) Tj ET Q q 0 0 0 rg BT 355.34 61.20 Td (value ) Tj ET Q q 0 0 0 rg BT 379.31 61.20 Td (of ) Tj ET Q q 0 0 0 rg BT 389.95 61.20 Td (the ) Tj ET Q q 0 0 0 rg BT 404.48 61.20 Td (underlying ) Tj ET Q q 0 0 0 rg BT 450.12 61.20 Td (derivative ) Tj ET Q q 0 0 0 rg BT 492.41 61.20 Td (contracts. ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 100.39 735.60 Td (current ) Tj ET Q q 0 0 0 rg BT 132.55 735.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 159.72 735.60 Td (allows ) Tj ET Q q 0 0 0 rg BT 189.67 735.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 226.84 735.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 287.32 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.38 735.60 Td (right ) Tj ET Q q 0 0 0 rg BT 326.11 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 337.73 735.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 379.33 735.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 402.11 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 405.96 735.60 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 457.83 735.60 Td (at ) Tj ET Q q 0 0 0 rg BT 468.89 735.60 Td (which ) Tj ET Q q 0 0 0 rg BT 497.17 735.60 Td (time ) Tj ET Q q 0 0 0 rg BT 518.78 735.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 134.08 723.60 Td (would ) Tj ET Q q 0 0 0 rg BT 161.63 723.60 Td (unwind ) Tj ET Q q 0 0 0 rg BT 194.18 723.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 228.39 723.60 Td (positions ) Tj ET Q q 0 0 0 rg BT 267.06 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 281.27 723.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 297.69 723.60 Td (market ) Tj ET Q q 0 0 0 rg BT 328.01 723.60 Td (value. ) Tj ET Q q 0 0 0 rg BT 354.71 723.60 Td (No ) Tj ET Q q 0 0 0 rg BT 369.48 723.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 392.26 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 394.81 723.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 442.89 723.60 Td (have ) Tj ET Q q 0 0 0 rg BT 464.32 723.60 Td (been ) Tj ET Q q 0 0 0 rg BT 485.75 723.60 Td (terminated, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (although ) Tj ET Q q 0 0 0 rg BT 120.74 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.70 711.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 199.08 711.60 Td (have ) Tj ET Q q 0 0 0 rg BT 222.71 711.60 Td (reserved ) Tj ET Q q 0 0 0 rg BT 261.32 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.28 711.60 Td (right ) Tj ET Q q 0 0 0 rg BT 301.91 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 314.43 711.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 356.93 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 373.90 711.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 396.68 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 401.42 711.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 451.70 711.60 Td (at ) Tj ET Q q 0 0 0 rg BT 463.66 711.60 Td (any ) Tj ET Q q 0 0 0 rg BT 482.84 711.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 506.81 711.60 Td (As ) Tj ET Q q 0 0 0 rg BT 522.67 711.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.39 699.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.39 699.60 Td (, ) Tj ET Q q 0 0 0 rg BT 166.52 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.37 699.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 213.99 699.60 Td (at ) Tj ET Q q 0 0 0 rg BT 223.84 699.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 241.47 699.60 Td (for ) Tj ET Q q 0 0 0 rg BT 255.76 699.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 278.54 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 281.17 699.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 329.33 699.60 Td (which ) Tj ET Q q 0 0 0 rg BT 356.40 699.60 Td (could ) Tj ET Q q 0 0 0 rg BT 381.25 699.60 Td (be ) Tj ET Q q 0 0 0 rg BT 393.31 699.60 Td (terminated ) Tj ET Q q 0 0 0 rg BT 438.70 699.60 Td (based ) Tj ET Q q 0 0 0 rg BT 464.10 699.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 486.73 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 502.69 699.60 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 111.33 687.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 687.60 Td ($276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 687.60 Td (, ) Tj ET Q q 0 0 0 rg BT 155.62 687.60 Td (which ) Tj ET Q q 0 0 0 rg BT 183.18 687.60 Td (equals ) Tj ET Q q 0 0 0 rg BT 211.84 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.18 687.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 244.17 687.60 Td (value ) Tj ET Q q 0 0 0 rg BT 268.94 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 279.84 687.60 Td (us ) Tj ET Q q 0 0 0 rg BT 291.85 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.30 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.63 687.60 Td (open ) Tj ET Q q 0 0 0 rg BT 341.19 687.60 Td (over) Tj ET Q q 0 0 0 rg BT 358.76 687.60 Td (-the-counter ) Tj ET Q q 0 0 0 rg BT 410.74 687.60 Td (call ) Tj ET Q q 0 0 0 rg BT 428.29 687.60 Td (option ) Tj ET Q q 0 0 0 rg BT 456.96 687.60 Td (positions. ) Tj ET Q q 0 0 0 rg BT 498.47 687.60 Td (The ) Tj ET Q q 0 0 0 rg BT 517.14 687.60 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (value ) Tj ET Q q 0 0 0 rg BT 105.33 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.33 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.22 675.60 Td (call ) Tj ET Q q 0 0 0 rg BT 148.33 675.60 Td (options ) Tj ET Q q 0 0 0 rg BT 180.45 675.60 Td (can ) Tj ET Q q 0 0 0 rg BT 197.00 675.60 Td (never ) Tj ET Q q 0 0 0 rg BT 221.87 675.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 258.96 675.60 Td (below ) Tj ET Q q 0 0 0 rg BT 286.07 675.60 Td (zero. ) Tj ET Q q 0 0 0 rg BT 308.45 675.60 Td (See ) Tj ET Q q 0 0 0 rg BT 325.56 675.60 Td ("Item ) Tj ET Q q 0 0 0 rg BT 350.64 675.60 Td (7A. ) Tj ET Q q 0 0 0 rg BT 368.04 675.60 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 420.14 675.60 Td (and ) Tj ET Q q 0 0 0 rg BT 437.25 675.60 Td (Qualitative ) Tj ET Q q 0 0 0 rg BT 484.35 675.60 Td (Disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (about ) Tj ET Q q 0 0 0 rg BT 105.72 663.60 Td (Market ) Tj ET Q q 0 0 0 rg BT 137.09 663.60 Td (Risk-Credit ) Tj ET Q q 0 0 0 rg BT 186.26 663.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 207.10 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 224.04 663.60 Td (Counterparty ) Tj ET Q q 0 0 0 rg BT 279.30 663.60 Td (Risk. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 642.60 Td (In ) Tj ET Q q 0 0 0 rg BT 116.01 642.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 145.90 642.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 198.85 642.60 Td (we ) Tj ET Q q 0 0 0 rg BT 213.19 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 230.31 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.21 642.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 298.43 642.60 Td (have ) Tj ET Q q 0 0 0 rg BT 319.99 642.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 352.09 642.60 Td (into ) Tj ET Q q 0 0 0 rg BT 370.33 642.60 Td (a ) Tj ET Q q 0 0 0 rg BT 377.45 642.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 417.33 642.60 Td (support ) Tj ET Q q 0 0 0 rg BT 450.02 642.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 494.34 642.60 Td (requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 630.60 Td (either ) Tj ET Q q 0 0 0 rg BT 106.25 630.60 Td (party ) Tj ET Q q 0 0 0 rg BT 129.28 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 139.54 630.60 Td (post ) Tj ET Q q 0 0 0 rg BT 158.70 630.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 198.38 630.60 Td (when ) Tj ET Q q 0 0 0 rg BT 222.53 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 237.23 630.60 Td (net ) Tj ET Q q 0 0 0 rg BT 251.93 630.60 Td (exposures ) Tj ET Q q 0 0 0 rg BT 294.41 630.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 324.65 630.60 Td (predetermined ) Tj ET Q q 0 0 0 rg BT 384.88 630.60 Td (thresholds. ) Tj ET Q q 0 0 0 rg BT 430.80 630.60 Td (These ) Tj ET Q q 0 0 0 rg BT 457.16 630.60 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 500.75 630.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 521.01 630.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 134.33 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 151.56 618.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 177.13 618.60 Td (rating. ) Tj ET Q q 0 0 0 rg BT 205.13 618.60 Td (As ) Tj ET Q q 0 0 0 rg BT 219.04 618.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.17 618.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 290.73 618.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.73 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.52 618.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.76 618.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.76 618.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.06 618.60 Td ($128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.06 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 378.85 618.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.09 618.60 Td ($7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.09 618.60 Td (, ) Tj ET Q q 0 0 0 rg BT 411.39 618.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 459.05 618.60 Td (, ) Tj ET Q q 0 0 0 rg BT 464.34 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.47 618.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 515.46 618.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 606.60 Td (posted ) Tj ET Q q 0 0 0 rg BT 109.62 606.60 Td (by ) Tj ET Q q 0 0 0 rg BT 122.13 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 137.97 606.60 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 199.07 606.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 248.41 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 253.42 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 268.15 606.60 Td (maximum ) Tj ET Q q 0 0 0 rg BT 311.21 606.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 343.71 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 354.56 606.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 372.63 606.60 Td (due ) Tj ET Q q 0 0 0 rg BT 389.58 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 399.87 606.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 425.14 606.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 442.65 606.60 Td (that ) Tj ET Q q 0 0 0 rg BT 460.16 606.60 Td (we ) Tj ET Q q 0 0 0 rg BT 474.33 606.60 Td (would ) Tj ET Q q 0 0 0 rg BT 501.84 606.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 524.90 606.60 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 594.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 110.24 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 120.59 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.39 594.60 Td (call ) Tj ET Q q 0 0 0 rg BT 152.41 594.60 Td (options ) Tj ET Q q 0 0 0 rg BT 184.44 594.60 Td (failed ) Tj ET Q q 0 0 0 rg BT 209.78 594.60 Td (completely ) Tj ET Q q 0 0 0 rg BT 256.79 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 267.15 594.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 301.94 594.60 Td (according ) Tj ET Q q 0 0 0 rg BT 343.94 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 354.30 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.10 594.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 393.89 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 404.80 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 419.60 594.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 458.28 594.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.41 594.60 Td ($148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.41 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 498.99 594.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.01 594.60 Td ($74) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 582.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.72 582.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 150.98 582.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.98 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 173.48 582.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.42 582.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.42 582.60 Td (, ) Tj ET Q q 0 0 0 rg BT 215.42 582.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 263.08 582.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 561.60 Td (If ) Tj ET Q q 0 0 0 rg BT 114.48 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.51 561.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 170.65 561.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 220.68 561.60 Td (held ) Tj ET Q q 0 0 0 rg BT 240.72 561.60 Td (net ) Tj ET Q q 0 0 0 rg BT 255.76 561.60 Td (short ) Tj ET Q q 0 0 0 rg BT 278.57 561.60 Td (positions ) Tj ET Q q 0 0 0 rg BT 317.51 561.60 Td (against ) Tj ET Q q 0 0 0 rg BT 348.66 561.60 Td (a ) Tj ET Q q 0 0 0 rg BT 355.91 561.60 Td (counterparty) Tj ET Q q 0 0 0 rg BT 405.80 561.60 Td (, ) Tj ET Q q 0 0 0 rg BT 411.11 561.60 Td (and ) Tj ET Q q 0 0 0 rg BT 428.37 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.41 561.60 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 493.21 561.60 Td ( ) Tj ET Q q 0 0 0 rg BT 496.03 561.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 549.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 116.44 549.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 146.87 549.60 Td (were ) Tj ET Q q 0 0 0 rg BT 169.52 549.60 Td (below ) Tj ET Q q 0 0 0 rg BT 197.18 549.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.62 549.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 239.16 549.60 Td (required ) Tj ET Q q 0 0 0 rg BT 275.70 549.60 Td (in ) Tj ET Q q 0 0 0 rg BT 286.70 549.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.14 549.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 324.92 549.60 Td ( ) Tj ET Q q 0 0 0 rg BT 328.14 549.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 373.00 549.60 Td (with ) Tj ET Q q 0 0 0 rg BT 394.00 549.60 Td (the ) Tj ET Q q 0 0 0 rg BT 409.44 549.60 Td (counterparty) Tj ET Q q 0 0 0 rg BT 459.32 549.60 Td (, ) Tj ET Q q 0 0 0 rg BT 465.04 549.60 Td (the ) Tj ET Q q 0 0 0 rg BT 480.48 549.60 Td (counterparty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 537.60 Td (would ) Tj ET Q q 0 0 0 rg BT 108.60 537.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 142.86 537.60 Td (immediate ) Tj ET Q q 0 0 0 rg BT 187.67 537.60 Td (further ) Tj ET Q q 0 0 0 rg BT 217.49 537.60 Td (collateralization ) Tj ET Q q 0 0 0 rg BT 284.50 537.60 Td (which ) Tj ET Q q 0 0 0 rg BT 311.54 537.60 Td (could ) Tj ET Q q 0 0 0 rg BT 336.36 537.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 380.62 537.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 410.43 537.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 440.80 537.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 474.04 537.60 Td (. ) Tj ET Q q 0 0 0 rg BT 479.15 537.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 506.19 537.60 Td (on ) Tj ET Q q 0 0 0 rg BT 518.79 537.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 525.60 Td (market ) Tj ET Q q 0 0 0 rg BT 112.27 525.60 Td (value ) Tj ET Q q 0 0 0 rg BT 137.44 525.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.27 525.60 Td (our ) Tj ET Q q 0 0 0 rg BT 166.11 525.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 213.49 525.60 Td (as ) Tj ET Q q 0 0 0 rg BT 225.33 525.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.17 525.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 298.44 525.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.44 525.60 Td ( ) Tj ET Q q 0 0 0 rg BT 321.95 525.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.90 525.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.90 525.60 Td (, ) Tj ET Q q 0 0 0 rg BT 365.90 525.60 Td (we ) Tj ET Q q 0 0 0 rg BT 381.07 525.60 Td (hold ) Tj ET Q q 0 0 0 rg BT 402.36 525.60 Td (no ) Tj ET Q q 0 0 0 rg BT 415.87 525.60 Td (net ) Tj ET Q q 0 0 0 rg BT 431.59 525.60 Td (short ) Tj ET Q q 0 0 0 rg BT 455.10 525.60 Td (positions ) Tj ET Q q 0 0 0 rg BT 494.73 525.60 Td (against ) Tj ET Q q 0 0 0 rg BT 526.56 525.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 513.60 Td (counterparty; ) Tj ET Q q 0 0 0 rg BT 136.81 513.60 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 177.89 513.60 Td (there ) Tj ET Q q 0 0 0 rg BT 200.38 513.60 Td (is ) Tj ET Q q 0 0 0 rg BT 209.55 513.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 248.14 513.60 Td (no ) Tj ET Q q 0 0 0 rg BT 260.64 513.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 298.13 513.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 336.73 513.60 Td (for ) Tj ET Q q 0 0 0 rg BT 350.89 513.60 Td (us ) Tj ET Q q 0 0 0 rg BT 362.28 513.60 Td (to ) Tj ET Q q 0 0 0 rg BT 372.56 513.60 Td (post ) Tj ET Q q 0 0 0 rg BT 391.73 513.60 Td (collateral. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 492.60 Td (A) Tj ET Q q 0 0 0 rg BT 111.67 492.60 Td ( ) Tj ET Q q 0 0 0 rg BT 114.18 492.60 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 161.13 492.60 Td (of ) Tj ET Q q 0 0 0 rg BT 171.97 492.60 Td (the ) Tj ET Q q 0 0 0 rg BT 186.70 492.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.19 492.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 258.92 492.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 284.76 492.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.61 492.60 Td (one ) Tj ET Q q 0 0 0 rg BT 312.56 492.60 Td (of ) Tj ET Q q 0 0 0 rg BT 323.40 492.60 Td (our ) Tj ET Q q 0 0 0 rg BT 339.25 492.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 377.30 492.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 418.13 492.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 467.86 492.60 Td (could ) Tj ET Q q 0 0 0 rg BT 492.59 492.60 Td (af) Tj ET Q q 0 0 0 rg BT 500.18 492.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 517.68 492.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 480.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 130.18 480.60 Td (position ) Tj ET Q q 0 0 0 rg BT 164.39 480.60 Td (in ) Tj ET Q q 0 0 0 rg BT 174.14 480.60 Td (the ) Tj ET Q q 0 0 0 rg BT 188.33 480.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 228.63 480.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 263.38 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 279.80 480.60 Td (make ) Tj ET Q q 0 0 0 rg BT 303.43 480.60 Td (it ) Tj ET Q q 0 0 0 rg BT 310.96 480.60 Td (more ) Tj ET Q q 0 0 0 rg BT 333.49 480.60 Td (dif) Tj ET Q q 0 0 0 rg BT 344.41 480.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 367.49 480.60 Td (for ) Tj ET Q q 0 0 0 rg BT 381.13 480.60 Td (us ) Tj ET Q q 0 0 0 rg BT 392.00 480.60 Td (to ) Tj ET Q q 0 0 0 rg BT 401.75 480.60 Td (market ) Tj ET Q q 0 0 0 rg BT 431.49 480.60 Td (our ) Tj ET Q q 0 0 0 rg BT 446.80 480.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 485.71 480.60 Td (as ) Tj ET Q q 0 0 0 rg BT 496.02 480.60 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 468.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 124.05 468.60 Td (may ) Tj ET Q q 0 0 0 rg BT 143.76 468.60 Td (select ) Tj ET Q q 0 0 0 rg BT 169.03 468.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 214.29 468.60 Td (with ) Tj ET Q q 0 0 0 rg BT 234.57 468.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 262.62 468.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 300.10 468.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 334.81 468.60 Td (ratings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 443.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 102.95 443.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 426.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 125.04 426.60 Td (management ) Tj ET Q q 0 0 0 rg BT 177.83 426.60 Td (is ) Tj ET Q q 0 0 0 rg BT 186.20 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 192.34 426.60 Td (critical ) Tj ET Q q 0 0 0 rg BT 221.80 426.60 Td (part ) Tj ET Q q 0 0 0 rg BT 239.05 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.08 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 264.11 426.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 302.08 426.60 Td (W) Tj ET Q q 0 0 0 rg BT 310.72 426.60 Td (e ) Tj ET Q q 0 0 0 rg BT 316.85 426.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 336.32 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 345.80 426.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 371.95 426.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 388.65 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 398.13 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 413.16 426.60 Td (business ) Tj ET Q q 0 0 0 rg BT 448.75 426.60 Td (through ) Tj ET Q q 0 0 0 rg BT 481.56 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 487.70 426.60 Td (formalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 414.60 Td (process ) Tj ET Q q 0 0 0 rg BT 113.75 414.60 Td (involving ) Tj ET Q q 0 0 0 rg BT 154.85 414.60 Td (\(i\)identifying ) Tj ET Q q 0 0 0 rg BT 213.43 414.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 257.85 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 275.05 414.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 317.25 414.60 Td (strategic ) Tj ET Q q 0 0 0 rg BT 353.88 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.08 414.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 418.83 414.60 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 464.63 414.60 Td (\(ii\)development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.11 402.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 109.90 402.60 Td (appetite ) Tj ET Q q 0 0 0 rg BT 144.33 402.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 189.33 402.60 Td (that ) Tj ET Q q 0 0 0 rg BT 207.10 402.60 Td (establish ) Tj ET Q q 0 0 0 rg BT 244.88 402.60 Td (what ) Tj ET Q q 0 0 0 rg BT 267.10 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.10 402.60 Td (company ) Tj ET Q q 0 0 0 rg BT 321.54 402.60 Td (is ) Tj ET Q q 0 0 0 rg BT 331.00 402.60 Td (willing ) Tj ET Q q 0 0 0 rg BT 362.11 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 372.67 402.60 Td (accept ) Tj ET Q q 0 0 0 rg BT 400.99 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 411.55 402.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 436.55 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.67 402.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 469.34 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 479.90 402.60 Td (achieving ) Tj ET Q q 0 0 0 rg BT 521.56 402.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 390.60 Td (goals ) Tj ET Q q 0 0 0 rg BT 104.51 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.34 390.60 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 166.79 390.60 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 184.18 390.60 Td (identifying ) Tj ET Q q 0 0 0 rg BT 230.46 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.08 390.60 Td (levers ) Tj ET Q q 0 0 0 rg BT 271.35 390.60 Td (that ) Tj ET Q q 0 0 0 rg BT 288.75 390.60 Td (control ) Tj ET Q q 0 0 0 rg BT 319.47 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.09 390.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 351.48 390.60 Td (appetite ) Tj ET Q q 0 0 0 rg BT 385.53 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.26 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.88 390.60 Td (company) Tj ET Q q 0 0 0 rg BT 446.88 390.60 Td (, ) Tj ET Q q 0 0 0 rg BT 451.78 390.60 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 468.62 390.60 Td (establishing ) Tj ET Q q 0 0 0 rg BT 518.79 390.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 378.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 110.88 378.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 135.77 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.22 378.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 163.33 378.60 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 207.63 378.60 Td (for ) Tj ET Q q 0 0 0 rg BT 221.40 378.60 Td (a ) Tj ET Q q 0 0 0 rg BT 227.96 378.60 Td (given ) Tj ET Q q 0 0 0 rg BT 252.29 378.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 269.40 378.60 Td (driver) Tj ET Q q 0 0 0 rg BT 292.88 378.60 Td (, ) Tj ET Q q 0 0 0 rg BT 297.49 378.60 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 311.26 378.60 Td (establishing ) Tj ET Q q 0 0 0 rg BT 361.15 378.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 408.24 378.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 425.36 378.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 450.25 378.60 Td (that ) Tj ET Q q 0 0 0 rg BT 467.36 378.60 Td (are ) Tj ET Q q 0 0 0 rg BT 481.68 378.60 Td (aligned ) Tj ET Q q 0 0 0 rg BT 513.23 378.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 366.60 Td (tolerances, ) Tj ET Q q 0 0 0 rg BT 141.26 366.60 Td (\(vi\)assigning ) Tj ET Q q 0 0 0 rg BT 198.49 366.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 216.00 366.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 237.39 366.60 Td (quantification ) Tj ET Q q 0 0 0 rg BT 295.44 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 312.38 366.60 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 356.00 366.60 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 419.06 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 429.34 366.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 472.40 366.60 Td (team ) Tj ET Q q 0 0 0 rg BT 494.34 366.60 Td (members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 354.60 Td (within ) Tj ET Q q 0 0 0 rg BT 110.48 354.60 Td (functional ) Tj ET Q q 0 0 0 rg BT 154.94 354.60 Td (groups, ) Tj ET Q q 0 0 0 rg BT 188.58 354.60 Td (\(vii\)analyzing ) Tj ET Q q 0 0 0 rg BT 251.09 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.23 354.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 306.14 354.60 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 352.27 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 370.63 354.60 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 421.75 354.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 452.88 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.14 354.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 509.61 354.60 Td (risks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 342.60 Td (including ) Tj ET Q q 0 0 0 rg BT 122.27 342.60 Td (but ) Tj ET Q q 0 0 0 rg BT 138.55 342.60 Td (not ) Tj ET Q q 0 0 0 rg BT 154.82 342.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 186.65 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 197.93 342.60 Td (stress ) Tj ET Q q 0 0 0 rg BT 223.65 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 241.58 342.60 Td (scenario ) Tj ET Q q 0 0 0 rg BT 278.39 342.60 Td (testing ) Tj ET Q q 0 0 0 rg BT 308.56 342.60 Td (covering ) Tj ET Q q 0 0 0 rg BT 347.04 342.60 Td (over ) Tj ET Q q 0 0 0 rg BT 368.31 342.60 Td (8 ) Tj ET Q q 0 0 0 rg BT 376.80 342.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 419.17 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 437.11 342.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 478.92 342.60 Td (related ) Tj ET Q q 0 0 0 rg BT 509.62 342.60 Td (risks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 330.60 Td (\(viii\)mitigating ) Tj ET Q q 0 0 0 rg BT 147.21 330.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 168.71 330.60 Td (by ) Tj ET Q q 0 0 0 rg BT 181.32 330.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 229.47 330.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 260.40 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 277.45 330.60 Td (\(ix\)identifying, ) Tj ET Q q 0 0 0 rg BT 343.38 330.60 Td (documenting ) Tj ET Q q 0 0 0 rg BT 398.20 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.25 330.60 Td (communicating ) Tj ET Q q 0 0 0 rg BT 480.07 330.60 Td (key ) Tj ET Q q 0 0 0 rg BT 497.12 330.60 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 318.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 102.39 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 112.67 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 119.61 318.60 Td (timely ) Tj ET Q q 0 0 0 rg BT 147.66 318.60 Td (fashion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 297.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.56 297.60 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 179.02 297.60 Td (for ) Tj ET Q q 0 0 0 rg BT 192.70 297.60 Td (monitoring, ) Tj ET Q q 0 0 0 rg BT 241.66 297.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 285.33 297.60 Td (and ) Tj ET Q q 0 0 0 rg BT 301.78 297.60 Td (responding ) Tj ET Q q 0 0 0 rg BT 348.24 297.60 Td (to ) Tj ET Q q 0 0 0 rg BT 358.03 297.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 375.05 297.60 Td (is ) Tj ET Q q 0 0 0 rg BT 383.74 297.60 Td (assigned ) Tj ET Q q 0 0 0 rg BT 420.19 297.60 Td (first ) Tj ET Q q 0 0 0 rg BT 438.32 297.60 Td (to ) Tj ET Q q 0 0 0 rg BT 448.11 297.60 Td (our ) Tj ET Q q 0 0 0 rg BT 463.46 297.60 Td (management ) Tj ET Q q 0 0 0 rg BT 516.56 297.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 285.60 Td (employees, ) Tj ET Q q 0 0 0 rg BT 128.82 285.60 Td (second ) Tj ET Q q 0 0 0 rg BT 159.15 285.60 Td (to ) Tj ET Q q 0 0 0 rg BT 169.49 285.60 Td (those ) Tj ET Q q 0 0 0 rg BT 193.16 285.60 Td (occupying ) Tj ET Q q 0 0 0 rg BT 237.37 285.60 Td (specialist ) Tj ET Q q 0 0 0 rg BT 277.15 285.60 Td (functions, ) Tj ET Q q 0 0 0 rg BT 319.42 285.60 Td (such ) Tj ET Q q 0 0 0 rg BT 340.31 285.60 Td (as ) Tj ET Q q 0 0 0 rg BT 351.20 285.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 373.20 285.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 421.85 285.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.84 285.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 456.40 285.60 Td (teams, ) Tj ET Q q 0 0 0 rg BT 484.79 285.60 Td (and ) Tj ET Q q 0 0 0 rg BT 501.79 285.60 Td (third ) Tj ET Q q 0 0 0 rg BT 523.24 285.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.60 Td (those ) Tj ET Q q 0 0 0 rg BT 104.61 273.60 Td (occupying ) Tj ET Q q 0 0 0 rg BT 148.76 273.60 Td (supervisory ) Tj ET Q q 0 0 0 rg BT 197.92 273.60 Td (functions, ) Tj ET Q q 0 0 0 rg BT 240.14 273.60 Td (such ) Tj ET Q q 0 0 0 rg BT 260.97 273.60 Td (as ) Tj ET Q q 0 0 0 rg BT 271.80 273.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 304.84 273.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 327.34 273.60 Td (and ) Tj ET Q q 0 0 0 rg BT 344.28 273.60 Td (the ) Tj ET Q q 0 0 0 rg BT 358.99 273.60 Td (board ) Tj ET Q q 0 0 0 rg BT 384.26 273.60 Td (of ) Tj ET Q q 0 0 0 rg BT 395.09 273.60 Td (directors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 252.60 Td (In ) Tj ET Q q 0 0 0 rg BT 116.54 252.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 165.84 252.60 Td (with ) Tj ET Q q 0 0 0 rg BT 186.84 252.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.27 252.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 223.82 252.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 279.23 252.60 Td (and ) Tj ET Q q 0 0 0 rg BT 296.88 252.60 Td (Own ) Tj ET Q q 0 0 0 rg BT 319.54 252.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 341.09 252.60 Td (and ) Tj ET Q q 0 0 0 rg BT 358.75 252.60 Td (Solvency ) Tj ET Q q 0 0 0 rg BT 398.47 252.60 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 448.90 252.60 Td (Model ) Tj ET Q q 0 0 0 rg BT 477.51 252.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 495.16 252.60 Td (\(ORSA\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 240.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 240.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.09 240.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 143.52 240.60 Td (submitted ) Tj ET Q q 0 0 0 rg BT 185.53 240.60 Td (an ) Tj ET Q q 0 0 0 rg BT 197.53 240.60 Td (ORSA) Tj ET Q q 0 0 0 rg BT 223.65 240.60 Td ( ) Tj ET Q q 0 0 0 rg BT 226.22 240.60 Td (report ) Tj ET Q q 0 0 0 rg BT 252.66 240.60 Td (to ) Tj ET Q q 0 0 0 rg BT 263.00 240.60 Td (the ) Tj ET Q q 0 0 0 rg BT 277.78 240.60 Td (state ) Tj ET Q q 0 0 0 rg BT 298.67 240.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 341.22 240.60 Td (in ) Tj ET Q q 0 0 0 rg BT 351.57 240.60 Td (November ) Tj ET Q q 0 0 0 rg BT 396.34 240.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 418.90 240.60 Td (to ) Tj ET Q q 0 0 0 rg BT 429.25 240.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 462.36 240.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 479.92 240.60 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 228.60 Td (transparency ) Tj ET Q q 0 0 0 rg BT 134.58 228.60 Td (and ) Tj ET Q q 0 0 0 rg BT 151.52 228.60 Td (insight ) Tj ET Q q 0 0 0 rg BT 181.25 228.60 Td (in ) Tj ET Q q 0 0 0 rg BT 191.53 228.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.24 228.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.72 228.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 278.44 228.60 Td (and ) Tj ET Q q 0 0 0 rg BT 295.38 228.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 337.31 228.60 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 393.14 228.60 Td (of ) Tj ET Q q 0 0 0 rg BT 403.97 228.60 Td (the ) Tj ET Q q 0 0 0 rg BT 418.69 228.60 Td (Companies. ) Tj ET Q q 0 0 0 rg BT 468.69 228.60 Td ( ) Tj ET Q q 0 0 0 rg BT 471.19 228.60 Td ( ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 203.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.25 203.10 Td (Reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 186.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 123.52 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 125.96 186.60 Td (both ) Tj ET Q q 0 0 0 rg BT 146.17 186.60 Td (cedes ) Tj ET Q q 0 0 0 rg BT 170.82 186.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 219.34 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 236.22 186.60 Td (assumes ) Tj ET Q q 0 0 0 rg BT 271.99 186.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 320.51 186.60 Td (from ) Tj ET Q q 0 0 0 rg BT 342.38 186.60 Td (other ) Tj ET Q q 0 0 0 rg BT 365.37 186.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 406.12 186.60 Td (companies. ) Tj ET Q q 0 0 0 rg BT 453.65 186.60 Td (W) Tj ET Q q 0 0 0 rg BT 462.29 186.60 Td (e ) Tj ET Q q 0 0 0 rg BT 469.16 186.60 Td (use ) Tj ET Q q 0 0 0 rg BT 484.93 186.60 Td (reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 174.60 Td (both ) Tj ET Q q 0 0 0 rg BT 101.20 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 111.41 174.60 Td (diversify ) Tj ET Q q 0 0 0 rg BT 149.38 174.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 170.70 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.56 174.60 Td (manage ) Tj ET Q q 0 0 0 rg BT 221.08 174.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 239.07 174.60 Td (exposures. ) Tj ET Q q 0 0 0 rg BT 283.99 174.60 Td (For ) Tj ET Q q 0 0 0 rg BT 300.30 174.60 Td (instance, ) Tj ET Q q 0 0 0 rg BT 337.99 174.60 Td (we ) Tj ET Q q 0 0 0 rg BT 352.08 174.60 Td (have ) Tj ET Q q 0 0 0 rg BT 373.38 174.60 Td (sought ) Tj ET Q q 0 0 0 rg BT 402.48 174.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 450.99 174.60 Td (coverage ) Tj ET Q q 0 0 0 rg BT 489.50 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 499.70 174.60 Td (order ) Tj ET Q q 0 0 0 rg BT 523.22 174.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 162.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 101.69 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 116.81 162.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 154.71 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 164.28 162.60 Td (mortality ) Tj ET Q q 0 0 0 rg BT 202.74 162.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 228.43 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.66 162.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 279.21 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 294.34 162.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 322.78 162.60 Td (position. ) Tj ET Q q 0 0 0 rg BT 359.17 162.60 Td (The ) Tj ET Q q 0 0 0 rg BT 376.52 162.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 407.20 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.33 162.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 438.01 162.60 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 480.34 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 495.47 162.60 Td (retention ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 150.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 102.29 150.60 Td (is ) Tj ET Q q 0 0 0 rg BT 111.36 150.60 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 150.97 150.60 Td (with ) Tj ET Q q 0 0 0 rg BT 171.14 150.60 Td (other ) Tj ET Q q 0 0 0 rg BT 194.09 150.60 Td (insurers. ) Tj ET Q q 0 0 0 rg BT 230.47 150.60 Td (The ) Tj ET Q q 0 0 0 rg BT 248.42 150.60 Td (use ) Tj ET Q q 0 0 0 rg BT 264.15 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 274.88 150.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 323.36 150.60 Td (permits ) Tj ET Q q 0 0 0 rg BT 355.75 150.60 Td (us ) Tj ET Q q 0 0 0 rg BT 367.04 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 377.22 150.60 Td (write ) Tj ET Q q 0 0 0 rg BT 400.17 150.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 433.67 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 443.85 150.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 472.35 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 483.07 150.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 519.36 150.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 138.60 Td (would ) Tj ET Q q 0 0 0 rg BT 108.50 138.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 145.99 138.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 166.26 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 176.54 138.60 Td (retain, ) Tj ET Q q 0 0 0 rg BT 204.30 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 221.24 138.60 Td (also ) Tj ET Q q 0 0 0 rg BT 239.85 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 250.13 138.60 Td (write ) Tj ET Q q 0 0 0 rg BT 273.17 138.60 Td (a ) Tj ET Q q 0 0 0 rg BT 280.11 138.60 Td (lar) Tj ET Q q 0 0 0 rg BT 290.48 138.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 305.75 138.60 Td (volume ) Tj ET Q q 0 0 0 rg BT 338.24 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 349.07 138.60 Td (new ) Tj ET Q q 0 0 0 rg BT 368.23 138.60 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 117.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.22 117.60 Td (instances ) Tj ET Q q 0 0 0 rg BT 153.77 117.60 Td (where ) Tj ET Q q 0 0 0 rg BT 180.10 117.60 Td (we ) Tj ET Q q 0 0 0 rg BT 193.65 117.60 Td (are ) Tj ET Q q 0 0 0 rg BT 207.75 117.60 Td (the ) Tj ET Q q 0 0 0 rg BT 221.87 117.60 Td (ceding ) Tj ET Q q 0 0 0 rg BT 250.42 117.60 Td (company) Tj ET Q q 0 0 0 rg BT 286.42 117.60 Td (, ) Tj ET Q q 0 0 0 rg BT 290.82 117.60 Td (we ) Tj ET Q q 0 0 0 rg BT 304.37 117.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 320.70 117.60 Td (a ) Tj ET Q q 0 0 0 rg BT 327.04 117.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 365.03 117.60 Td (to ) Tj ET Q q 0 0 0 rg BT 374.71 117.60 Td (a ) Tj ET Q q 0 0 0 rg BT 381.04 117.60 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 418.47 117.60 Td (in ) Tj ET Q q 0 0 0 rg BT 428.14 117.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 467.79 117.60 Td (for ) Tj ET Q q 0 0 0 rg BT 481.35 117.60 Td (the ) Tj ET Q q 0 0 0 rg BT 495.46 117.60 Td (reinsurer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 105.60 Td (assuming ) Tj ET Q q 0 0 0 rg BT 120.51 105.60 Td (a ) Tj ET Q q 0 0 0 rg BT 126.68 105.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 157.29 105.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.35 105.60 Td (our ) Tj ET Q q 0 0 0 rg BT 182.41 105.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 221.36 105.60 Td (under ) Tj ET Q q 0 0 0 rg BT 245.86 105.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.81 105.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 292.64 105.60 Td (we ) Tj ET Q q 0 0 0 rg BT 306.03 105.60 Td (issued. ) Tj ET Q q 0 0 0 rg BT 335.26 105.60 Td (Use ) Tj ET Q q 0 0 0 rg BT 352.54 105.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.60 105.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 410.42 105.60 Td (does ) Tj ET Q q 0 0 0 rg BT 430.48 105.60 Td (not ) Tj ET Q q 0 0 0 rg BT 444.98 105.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 473.68 105.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 484.85 105.60 Td (our ) Tj ET Q q 0 0 0 rg BT 499.91 105.60 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 93.60 Td (as ) Tj ET Q q 0 0 0 rg BT 92.58 93.60 Td (the ) Tj ET Q q 0 0 0 rg BT 108.05 93.60 Td (ceding ) Tj ET Q q 0 0 0 rg BT 137.95 93.60 Td (company ) Tj ET Q q 0 0 0 rg BT 177.86 93.60 Td (because ) Tj ET Q q 0 0 0 rg BT 212.75 93.60 Td (we ) Tj ET Q q 0 0 0 rg BT 227.66 93.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 258.67 93.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 292.46 93.60 Td (liable ) Tj ET Q q 0 0 0 rg BT 317.93 93.60 Td (to ) Tj ET Q q 0 0 0 rg BT 328.95 93.60 Td (our ) Tj ET Q q 0 0 0 rg BT 345.53 93.60 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 403.22 93.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.90 93.60 Td (are ) Tj ET Q q 0 0 0 rg BT 436.36 93.60 Td (required ) Tj ET Q q 0 0 0 rg BT 472.93 93.60 Td (to ) Tj ET Q q 0 0 0 rg BT 483.95 93.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 501.64 93.60 Td (the ) Tj ET Q q 0 0 0 rg BT 517.11 93.60 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 81.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 114.97 81.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.28 81.60 Td (our ) Tj ET Q q 0 0 0 rg BT 144.58 81.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 173.55 81.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 221.97 81.60 Td (in ) Tj ET Q q 0 0 0 rg BT 233.73 81.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.92 81.60 Td (event ) Tj ET Q q 0 0 0 rg BT 275.55 81.60 Td (that ) Tj ET Q q 0 0 0 rg BT 294.52 81.60 Td (our ) Tj ET Q q 0 0 0 rg BT 311.83 81.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 355.23 81.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 372.53 81.60 Td (to ) Tj ET Q q 0 0 0 rg BT 384.28 81.60 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 414.37 81.60 Td (their ) Tj ET Q q 0 0 0 rg BT 436.67 81.60 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 487.30 81.60 Td (W) Tj ET Q q 0 0 0 rg BT 495.94 81.60 Td (e ) Tj ET Q q 0 0 0 rg BT 504.35 81.60 Td (collect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 69.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 144.41 69.60 Td (from ) Tj ET Q q 0 0 0 rg BT 167.28 69.60 Td (our ) Tj ET Q q 0 0 0 rg BT 184.04 69.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 226.90 69.60 Td (when ) Tj ET Q q 0 0 0 rg BT 251.99 69.60 Td (we ) Tj ET Q q 0 0 0 rg BT 267.08 69.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 284.95 69.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 314.48 69.60 Td (on ) Tj ET Q q 0 0 0 rg BT 327.91 69.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 362.45 69.60 Td (that ) Tj ET Q q 0 0 0 rg BT 380.87 69.60 Td (are ) Tj ET Q q 0 0 0 rg BT 396.51 69.60 Td (reinsured. ) Tj ET Q q 0 0 0 rg BT 439.65 69.60 Td (In ) Tj ET Q q 0 0 0 rg BT 451.41 69.60 Td (instances ) Tj ET Q q 0 0 0 rg BT 491.49 69.60 Td (where ) Tj ET Q q 0 0 0 rg BT 519.35 69.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 57.60 Td (assume ) Tj ET Q q 0 0 0 rg BT 112.36 57.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 160.38 57.60 Td (from ) Tj ET Q q 0 0 0 rg BT 181.74 57.60 Td (another ) Tj ET Q q 0 0 0 rg BT 213.65 57.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 253.89 57.60 Td (company) Tj ET Q q 0 0 0 rg BT 289.90 57.60 Td (, ) Tj ET Q q 0 0 0 rg BT 294.33 57.60 Td (we ) Tj ET Q q 0 0 0 rg BT 307.91 57.60 Td (accept, ) Tj ET Q q 0 0 0 rg BT 337.87 57.60 Td (in ) Tj ET Q q 0 0 0 rg BT 347.57 57.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 387.25 57.60 Td (for ) Tj ET Q q 0 0 0 rg BT 400.84 57.60 Td (a ) Tj ET Q q 0 0 0 rg BT 407.21 57.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 455.22 57.60 Td (premium, ) Tj ET Q q 0 0 0 rg BT 495.75 57.60 Td (a ) Tj ET Q q 0 0 0 rg BT 502.11 57.60 Td (portion ) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.89 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 108.66 735.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 149.43 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 161.32 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.09 735.60 Td (other ) Tj ET Q q 0 0 0 rg BT 201.19 735.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 243.07 735.60 Td (company ) Tj ET Q q 0 0 0 rg BT 283.28 735.60 Td (under ) Tj ET Q q 0 0 0 rg BT 309.60 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.38 735.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 360.03 735.60 Td (that ) Tj ET Q q 0 0 0 rg BT 378.59 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.36 735.60 Td (ceding ) Tj ET Q q 0 0 0 rg BT 424.57 735.60 Td (company ) Tj ET Q q 0 0 0 rg BT 464.78 735.60 Td (has ) Tj ET Q q 0 0 0 rg BT 481.67 735.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 510.22 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 521.56 735.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (policyholders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 702.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 702.60 Td (e ) Tj ET Q q 0 0 0 rg BT 121.10 702.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 155.78 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.02 702.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 196.81 702.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 214.83 702.60 Td (related ) Tj ET Q q 0 0 0 rg BT 245.05 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 255.85 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.09 702.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 299.66 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 311.02 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 327.37 702.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 369.82 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 380.62 702.60 Td (honor ) Tj ET Q q 0 0 0 rg BT 406.97 702.60 Td (their ) Tj ET Q q 0 0 0 rg BT 428.32 702.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 475.78 702.60 Td (under ) Tj ET Q q 0 0 0 rg BT 501.57 702.60 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 690.60 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 131.83 690.60 Td (T) Tj ET Q q 0 0 0 rg BT 137.24 690.60 Td (o ) Tj ET Q q 0 0 0 rg BT 145.26 690.60 Td (minimize ) Tj ET Q q 0 0 0 rg BT 186.04 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 201.28 690.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 219.29 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.64 690.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 256.42 690.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 275.00 690.60 Td (on ) Tj ET Q q 0 0 0 rg BT 288.01 690.60 Td (such ) Tj ET Q q 0 0 0 rg BT 309.36 690.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 350.97 690.60 Td (we ) Tj ET Q q 0 0 0 rg BT 365.65 690.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 405.87 690.60 Td (diversify ) Tj ET Q q 0 0 0 rg BT 444.43 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 460.78 690.60 Td (exposures ) Tj ET Q q 0 0 0 rg BT 503.78 690.60 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.60 Td (many ) Tj ET Q q 0 0 0 rg BT 105.53 678.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 147.27 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 164.02 678.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 185.23 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.76 678.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 232.07 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 242.71 678.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 281.12 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 291.22 678.60 Td (each ) Tj ET Q q 0 0 0 rg BT 311.84 678.60 Td (based ) Tj ET Q q 0 0 0 rg BT 336.93 678.60 Td (on ) Tj ET Q q 0 0 0 rg BT 349.24 678.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 386.53 678.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 421.06 678.60 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 453.09 678.60 Td (which ) Tj ET Q q 0 0 0 rg BT 479.85 678.60 Td (are ) Tj ET Q q 0 0 0 rg BT 494.37 678.60 Td (reviewed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 666.60 Td (at ) Tj ET Q q 0 0 0 rg BT 90.72 666.60 Td (least ) Tj ET Q q 0 0 0 rg BT 111.54 666.60 Td (quarterly) Tj ET Q q 0 0 0 rg BT 146.99 666.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 645.60 Td (See ) Tj ET Q q 0 0 0 rg BT 121.94 645.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 147.20 645.60 Td (1A. ) Tj ET Q q 0 0 0 rg BT 164.42 645.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 185.26 645.60 Td (Factors ) Tj ET Q q 0 0 0 rg BT 221.64 645.60 Td (for ) Tj ET Q q 0 0 0 rg BT 235.80 645.60 Td (further ) Tj ET Q q 0 0 0 rg BT 265.51 645.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 309.68 645.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.51 645.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 369.09 645.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 394.36 645.60 Td (risk.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 626.60 Td (W) Tj ET Q q 0 0 0 rg BT 101.52 626.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 122.92 626.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 136.53 626.60 Td (T) Tj ET Q q 0 0 0 rg BT 142.26 626.60 Td (ransaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 610.10 Td (On ) Tj ET Q q 0 0 0 rg BT 119.55 610.10 Td (January26, ) Tj ET Q q 0 0 0 rg BT 167.99 610.10 Td (201) Tj ET Q q 0 0 0 rg BT 182.62 610.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 192.45 610.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 210.97 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.30 610.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 245.06 610.10 Td (into ) Tj ET Q q 0 0 0 rg BT 262.95 610.10 Td (an ) Tj ET Q q 0 0 0 rg BT 274.72 610.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 318.69 610.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 336.57 610.10 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 395.61 610.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 450.13 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 470.08 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 479.11 610.10 Td (ilton ) Tj ET Q q 0 0 0 rg BT 499.78 610.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 513.22 610.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 598.10 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 122.94 598.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 140.98 598.10 Td (\(W) Tj ET Q q 0 0 0 rg BT 157.78 598.10 Td (ilton\), ) Tj ET Q q 0 0 0 rg BT 189.15 598.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 226.36 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.91 598.10 Td (which ) Tj ET Q q 0 0 0 rg BT 263.92 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 272.95 598.10 Td (ilton ) Tj ET Q q 0 0 0 rg BT 294.06 598.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 323.47 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.02 598.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 358.79 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 367.83 598.10 Td (ilton ) Tj ET Q q 0 0 0 rg BT 388.93 598.10 Td (Re, ) Tj ET Q q 0 0 0 rg BT 405.31 598.10 Td (its ) Tj ET Q q 0 0 0 rg BT 417.53 598.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 448.08 598.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 477.50 598.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 517.96 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 523.23 598.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 586.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 103.50 586.10 Td (into ) Tj ET Q q 0 0 0 rg BT 121.57 586.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 151.29 586.10 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 201.56 586.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 257.94 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 278.24 586.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 296.76 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.27 586.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 340.66 586.10 Td (following ) Tj ET Q q 0 0 0 rg BT 382.06 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.79 586.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 428.19 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.04 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.77 586.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 481.85 586.10 Td (Acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 574.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 117.63 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.04 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.90 574.10 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 194.95 574.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 243.39 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 252.42 574.10 Td (ilton ) Tj ET Q q 0 0 0 rg BT 272.39 574.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 285.13 574.10 Td (has ) Tj ET Q q 0 0 0 rg BT 300.10 574.10 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 338.94 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.01 574.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 369.97 574.10 Td (quota ) Tj ET Q q 0 0 0 rg BT 393.82 574.10 Td (share ) Tj ET Q q 0 0 0 rg BT 416.55 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.52 574.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 455.35 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.32 574.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 483.84 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.47 574.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 527.12 574.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 562.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 114.98 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.86 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.94 562.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 179.14 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.80 562.10 Td (redundant ) Tj ET Q q 0 0 0 rg BT 232.67 562.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 268.30 562.10 Td (under ) Tj ET Q q 0 0 0 rg BT 293.95 562.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 340.71 562.10 Td (XXX ) Tj ET Q q 0 0 0 rg BT 365.25 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.57 562.10 Td (Guideline ) Tj ET Q q 0 0 0 rg BT 424.25 562.10 Td (AXXX, ) Tj ET Q q 0 0 0 rg BT 458.51 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 469.72 562.10 Td (well ) Tj ET Q q 0 0 0 rg BT 489.82 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 501.02 562.10 Td (another ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 550.10 Td (block ) Tj ET Q q 0 0 0 rg BT 105.72 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.55 550.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 135.07 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.57 550.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 179.21 550.10 Td (s ) Tj ET Q q 0 0 0 rg BT 185.60 550.10 Td (in-force ) Tj ET Q q 0 0 0 rg BT 219.75 550.10 Td (traditional, ) Tj ET Q q 0 0 0 rg BT 265.85 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.79 550.10 Td (IUL) Tj ET Q q 0 0 0 rg BT 299.08 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.58 550.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 342.39 550.10 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 529.10 Td (W) Tj ET Q q 0 0 0 rg BT 114.04 529.10 Td (ilton ) Tj ET Q q 0 0 0 rg BT 134.48 529.10 Td (Re) Tj ET Q q 0 0 0 rg BT 148.36 529.10 Td (s ) Tj ET Q q 0 0 0 rg BT 154.36 529.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 202.55 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.98 529.10 Td (such ) Tj ET Q q 0 0 0 rg BT 233.42 529.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 251.94 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.04 529.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 295.01 529.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 328.22 529.10 Td (has ) Tj ET Q q 0 0 0 rg BT 343.66 529.10 Td (not ) Tj ET Q q 0 0 0 rg BT 358.54 529.10 Td (extinguished ) Tj ET Q q 0 0 0 rg BT 411.75 529.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 430.27 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.37 529.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 474.02 529.10 Td (s ) Tj ET Q q 0 0 0 rg BT 480.01 529.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 513.23 529.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 517.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 111.50 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.47 517.10 Td (such ) Tj ET Q q 0 0 0 rg BT 141.99 517.10 Td (business ) Tj ET Q q 0 0 0 rg BT 178.07 517.10 Td (because ) Tj ET Q q 0 0 0 rg BT 211.90 517.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 230.42 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.61 517.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 273.66 517.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 307.50 517.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 340.23 517.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 364.63 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.60 517.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 431.22 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.85 517.10 Td (is ) Tj ET Q q 0 0 0 rg BT 456.70 517.10 Td (required ) Tj ET Q q 0 0 0 rg BT 492.21 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.17 517.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 518.80 517.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 505.10 Td (full ) Tj ET Q q 0 0 0 rg BT 97.53 505.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 130.17 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.14 505.10 Td (its ) Tj ET Q q 0 0 0 rg BT 153.24 505.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 180.88 505.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 227.96 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.39 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.25 505.10 Td (event ) Tj ET Q q 0 0 0 rg BT 277.55 505.10 Td (that ) Tj ET Q q 0 0 0 rg BT 294.99 505.10 Td (W) Tj ET Q q 0 0 0 rg BT 304.03 505.10 Td (ilton ) Tj ET Q q 0 0 0 rg BT 325.01 505.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 338.76 505.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 358.62 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.05 505.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 397.80 505.10 Td (its ) Tj ET Q q 0 0 0 rg BT 409.89 505.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 456.98 505.10 Td (with ) Tj ET Q q 0 0 0 rg BT 477.40 505.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 508.36 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.78 505.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 493.10 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 120.71 493.10 Td (business. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 468.60 Td (The ) Tj ET Q q 0 0 0 rg BT 113.11 468.60 Td (Front ) Tj ET Q q 0 0 0 rg BT 139.51 468.60 Td (Street ) Tj ET Q q 0 0 0 rg BT 165.90 468.60 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 220.63 468.60 Td (T) Tj ET Q q 0 0 0 rg BT 226.37 468.60 Td (ransactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 452.10 Td (On ) Tj ET Q q 0 0 0 rg BT 119.02 452.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 176.89 452.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 201.19 452.10 Td (following ) Tj ET Q q 0 0 0 rg BT 241.87 452.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 284.76 452.10 Td (approval, ) Tj ET Q q 0 0 0 rg BT 324.04 452.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 342.56 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.35 452.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 385.01 452.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 416.23 452.10 Td (into ) Tj ET Q q 0 0 0 rg BT 433.58 452.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.82 452.10 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 489.37 452.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 440.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 98.87 440.10 Td (Cayman ) Tj ET Q q 0 0 0 rg BT 138.95 440.10 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 190.18 440.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 244.69 440.10 Td (with ) Tj ET Q q 0 0 0 rg BT 264.79 440.10 Td (FSRCI, ) Tj ET Q q 0 0 0 rg BT 297.40 440.10 Td (at ) Tj ET Q q 0 0 0 rg BT 306.94 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.47 440.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 344.07 440.10 Td (an ) Tj ET Q q 0 0 0 rg BT 355.83 440.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 396.46 440.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 426.56 440.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 455.54 440.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 498.97 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.62 440.10 Td (FGL. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 428.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 118.50 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.77 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.48 428.10 Td (Cayman ) Tj ET Q q 0 0 0 rg BT 179.31 428.10 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 230.68 428.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 280.10 428.10 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 310.39 428.10 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 350.09 428.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.02 428.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 377.85 428.10 Td (quota ) Tj ET Q q 0 0 0 rg BT 402.56 428.10 Td (share ) Tj ET Q q 0 0 0 rg BT 426.16 428.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 471.96 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.78 428.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 512.48 428.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.00 428.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 416.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 122.20 416.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 154.53 416.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 194.08 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.74 416.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.83 416.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 277.17 416.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.28 416.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.11 416.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 335.44 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.99 416.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 374.54 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.20 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.75 416.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 446.22 416.10 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 476.35 416.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 495.90 416.10 Td (an ) Tj ET Q q 0 0 0 rg BT 507.67 416.10 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 404.10 Td (ceding ) Tj ET Q q 0 0 0 rg BT 110.03 404.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 152.93 404.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.63 404.10 Td ($15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.63 404.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.01 404.10 Td (which ) Tj ET Q q 0 0 0 rg BT 207.82 404.10 Td (was ) Tj ET Q q 0 0 0 rg BT 225.74 404.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 273.09 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.24 404.10 Td (be ) Tj ET Q q 0 0 0 rg BT 295.05 404.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 311.30 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.11 404.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 373.24 404.10 Td (according ) Tj ET Q q 0 0 0 rg BT 415.04 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.19 404.10 Td (an ) Tj ET Q q 0 0 0 rg BT 437.00 404.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 488.24 404.10 Td (third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.10 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 117.94 392.10 Td (firm. ) Tj ET Q q 0 0 0 rg BT 140.00 392.10 Td (The ) Tj ET Q q 0 0 0 rg BT 158.07 392.10 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 208.35 392.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 252.52 392.10 Td (is ) Tj ET Q q 0 0 0 rg BT 261.71 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.24 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.20 392.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 305.94 392.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 343.46 392.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 368.49 392.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 405.45 392.10 Td (that ) Tj ET Q q 0 0 0 rg BT 422.97 392.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 447.71 392.10 Td (are ) Tj ET Q q 0 0 0 rg BT 462.44 392.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 499.96 392.10 Td (by ) Tj ET Q q 0 0 0 rg BT 512.49 392.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.01 392.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 380.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 124.90 380.10 Td (from ) Tj ET Q q 0 0 0 rg BT 149.36 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.61 380.10 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 219.39 380.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 260.52 380.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 287.21 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.01 380.10 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 332.83 380.10 Td (as ) Tj ET Q q 0 0 0 rg BT 346.19 380.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 388.42 380.10 Td (for ) Tj ET Q q 0 0 0 rg BT 405.10 380.10 Td (FSRCI) Tj ET Q q 0 0 0 rg BT 435.68 380.10 Td (s ) Tj ET Q q 0 0 0 rg BT 444.60 380.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 484.06 380.10 Td (obligations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 368.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 130.34 368.10 Td (, ) Tj ET Q q 0 0 0 rg BT 136.54 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.45 368.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 193.35 368.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 220.38 368.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 251.84 368.10 Td (under ) Tj ET Q q 0 0 0 rg BT 278.31 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.23 368.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 330.70 368.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 376.06 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.09 368.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 406.61 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.31 368.10 Td (Insurance. ) Tj ET Q q 0 0 0 rg BT 455.11 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 474.36 368.10 Td (ef) Tj ET Q q 0 0 0 rg BT 481.95 368.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 504.52 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.55 368.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 356.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 126.74 356.10 Td (were ) Tj ET Q q 0 0 0 rg BT 148.04 356.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 192.12 356.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.77 356.10 Td (our ) Tj ET Q q 0 0 0 rg BT 216.97 356.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 269.38 356.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.23 356.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 350.31 356.10 Td (for ) Tj ET Q q 0 0 0 rg BT 363.84 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.93 356.10 Td (period ) Tj ET Q q 0 0 0 rg BT 405.35 356.10 Td (January ) Tj ET Q q 0 0 0 rg BT 438.31 356.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 447.68 356.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 469.55 356.10 Td (through ) Tj ET Q q 0 0 0 rg BT 502.12 356.10 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 344.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 90.49 344.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 114.98 344.10 Td (See ) Tj ET Q q 0 0 0 rg BT 131.41 344.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 156.92 344.10 Td (13. ) Tj ET Q q 0 0 0 rg BT 171.42 344.10 Td (Reinsurance" ) Tj ET Q q 0 0 0 rg BT 226.91 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.68 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.00 344.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.43 344.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 338.19 344.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 377.40 344.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.28 344.10 Td (. ) Tj ET Q q 0 0 0 rg BT 425.33 344.10 Td (As ) Tj ET Q q 0 0 0 rg BT 438.43 344.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.75 344.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 508.51 344.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 344.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 332.10 Td (ceded ) Tj ET Q q 0 0 0 rg BT 106.82 332.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 142.07 332.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.78 332.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 169.28 332.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.39 332.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 313.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 112.76 313.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 142.09 313.10 Td (September ) Tj ET Q q 0 0 0 rg BT 186.99 313.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 201.62 313.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 226.25 313.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 244.78 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.91 313.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 287.91 313.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 319.46 313.10 Td (into ) Tj ET Q q 0 0 0 rg BT 337.15 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.73 313.10 Td (second ) Tj ET Q q 0 0 0 rg BT 373.63 313.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 421.84 313.10 Td (treaty ) Tj ET Q q 0 0 0 rg BT 446.74 313.10 Td (with ) Tj ET Q q 0 0 0 rg BT 466.65 313.10 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 496.58 313.10 Td (whereby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 301.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 301.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.68 301.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 142.71 301.10 Td (ceded ) Tj ET Q q 0 0 0 rg BT 168.18 301.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 188.67 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.16 301.10 Td (any ) Tj ET Q q 0 0 0 rg BT 215.76 301.10 Td (new ) Tj ET Q q 0 0 0 rg BT 234.58 301.10 Td (business ) Tj ET Q q 0 0 0 rg BT 270.63 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.12 301.10 Td (its ) Tj ET Q q 0 0 0 rg BT 292.73 301.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 336.54 301.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 382.56 301.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 414.72 301.10 Td (\("MYGA"\) ) Tj ET Q q 0 0 0 rg BT 462.26 301.10 Td (block ) Tj ET Q q 0 0 0 rg BT 486.63 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.12 301.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 289.10 Td (on ) Tj ET Q q 0 0 0 rg BT 93.83 289.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.09 289.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 126.14 289.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 163.96 289.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 189.08 289.10 Td (This ) Tj ET Q q 0 0 0 rg BT 209.69 289.10 Td (treaty ) Tj ET Q q 0 0 0 rg BT 235.28 289.10 Td (was ) Tj ET Q q 0 0 0 rg BT 253.65 289.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 308.70 289.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 354.28 289.10 Td (as ) Tj ET Q q 0 0 0 rg BT 365.44 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.04 289.10 Td (new ) Tj ET Q q 0 0 0 rg BT 395.53 289.10 Td (business ) Tj ET Q q 0 0 0 rg BT 432.25 289.10 Td (ef) Tj ET Q q 0 0 0 rg BT 439.83 289.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 469.24 289.10 Td (April ) Tj ET Q q 0 0 0 rg BT 493.17 289.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 508.50 289.10 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 277.10 Td (but ) Tj ET Q q 0 0 0 rg BT 95.86 277.10 Td (will ) Tj ET Q q 0 0 0 rg BT 113.50 277.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 143.35 277.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.21 277.10 Td (ef) Tj ET Q q 0 0 0 rg BT 160.79 277.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 177.86 277.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.61 277.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 224.79 277.10 Td (ceded ) Tj ET Q q 0 0 0 rg BT 250.19 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.05 277.10 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 289.93 277.10 Td (with ) Tj ET Q q 0 0 0 rg BT 309.79 277.10 Td (an ) Tj ET Q q 0 0 0 rg BT 321.31 277.10 Td (ef) Tj ET Q q 0 0 0 rg BT 328.90 277.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 358.18 277.10 Td (date ) Tj ET Q q 0 0 0 rg BT 376.92 277.10 Td (between ) Tj ET Q q 0 0 0 rg BT 412.32 277.10 Td (September ) Tj ET Q q 0 0 0 rg BT 457.16 277.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 471.74 277.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 493.83 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.89 277.10 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 265.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 95.67 265.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 119.86 265.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 169.19 265.10 Td (, ) Tj ET Q q 0 0 0 rg BT 173.86 265.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 207.13 265.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 234.30 265.10 Td (with ) Tj ET Q q 0 0 0 rg BT 254.25 265.10 Td (an ) Tj ET Q q 0 0 0 rg BT 265.85 265.10 Td (ef) Tj ET Q q 0 0 0 rg BT 273.44 265.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 302.81 265.10 Td (date ) Tj ET Q q 0 0 0 rg BT 321.63 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.13 265.10 Td (May ) Tj ET Q q 0 0 0 rg BT 352.63 265.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 362.30 265.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 384.47 265.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.07 265.10 Td (later ) Tj ET Q q 0 0 0 rg BT 421.00 265.10 Td (will ) Tj ET Q q 0 0 0 rg BT 438.73 265.10 Td (not ) Tj ET Q q 0 0 0 rg BT 453.68 265.10 Td (be ) Tj ET Q q 0 0 0 rg BT 465.28 265.10 Td (ceded ) Tj ET Q q 0 0 0 rg BT 490.77 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.71 265.10 Td (FSRCI. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 239.60 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 117.37 239.60 Td (Facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 223.10 Td (Life ) Tj ET Q q 0 0 0 rg BT 123.58 223.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 163.83 223.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 208.52 223.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 248.21 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.92 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.07 223.10 Td (United ) Tj ET Q q 0 0 0 rg BT 301.21 223.10 Td (States ) Tj ET Q q 0 0 0 rg BT 327.03 223.10 Td (must ) Tj ET Q q 0 0 0 rg BT 348.40 223.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 385.86 223.10 Td (required ) Tj ET Q q 0 0 0 rg BT 421.10 223.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 455.79 223.10 Td (for ) Tj ET Q q 0 0 0 rg BT 469.38 223.10 Td (life ) Tj ET Q q 0 0 0 rg BT 484.63 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.00 223.10 Td (annuity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 211.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 115.23 211.10 Td (based ) Tj ET Q q 0 0 0 rg BT 141.13 211.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.25 211.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 192.37 211.10 Td (principles. ) Tj ET Q q 0 0 0 rg BT 237.21 211.10 Td (These ) Tj ET Q q 0 0 0 rg BT 264.21 211.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 326.22 211.10 Td (are ) Tj ET Q q 0 0 0 rg BT 341.55 211.10 Td (governed ) Tj ET Q q 0 0 0 rg BT 381.89 211.10 Td (by ) Tj ET Q q 0 0 0 rg BT 395.01 211.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 446.46 211.10 Td (XXX ) Tj ET Q q 0 0 0 rg BT 475.69 211.10 Td (\(applicable ) Tj ET Q q 0 0 0 rg BT 523.23 211.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 199.10 Td (term ) Tj ET Q q 0 0 0 rg BT 102.14 199.10 Td (life ) Tj ET Q q 0 0 0 rg BT 118.28 199.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 159.42 199.10 Td (policies\), ) Tj ET Q q 0 0 0 rg BT 199.17 199.10 Td (Guideline ) Tj ET Q q 0 0 0 rg BT 245.23 199.10 Td (AXXX ) Tj ET Q q 0 0 0 rg BT 281.37 199.10 Td (\(applicable ) Tj ET Q q 0 0 0 rg BT 328.61 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.20 199.10 Td (universal ) Tj ET Q q 0 0 0 rg BT 378.68 199.10 Td (life ) Tj ET Q q 0 0 0 rg BT 394.82 199.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 435.95 199.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 469.87 199.10 Td (with ) Tj ET Q q 0 0 0 rg BT 490.46 199.10 Td (secondary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 187.10 Td (guarantees\) ) Tj ET Q q 0 0 0 rg BT 130.98 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.32 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.43 187.10 Td (Commissioners ) Tj ET Q q 0 0 0 rg BT 230.69 187.10 Td (Annuity ) Tj ET Q q 0 0 0 rg BT 267.37 187.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 303.19 187.10 Td (V) Tj ET Q q 0 0 0 rg BT 309.30 187.10 Td (aluation ) Tj ET Q q 0 0 0 rg BT 345.41 187.10 Td (Method, ) Tj ET Q q 0 0 0 rg BT 382.92 187.10 Td (known ) Tj ET Q q 0 0 0 rg BT 414.03 187.10 Td (as ) Tj ET Q q 0 0 0 rg BT 426.26 187.10 Td (CAR) Tj ET Q q 0 0 0 rg BT 450.46 187.10 Td (VM ) Tj ET Q q 0 0 0 rg BT 474.91 187.10 Td (\(applicable ) Tj ET Q q 0 0 0 rg BT 523.22 187.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 175.10 Td (annuities\). ) Tj ET Q q 0 0 0 rg BT 125.98 175.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 154.02 175.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 200.95 175.10 Td (XXX, ) Tj ET Q q 0 0 0 rg BT 228.16 175.10 Td (Guideline ) Tj ET Q q 0 0 0 rg BT 269.97 175.10 Td (AXXX ) Tj ET Q q 0 0 0 rg BT 301.91 175.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.40 175.10 Td (CAR) Tj ET Q q 0 0 0 rg BT 339.16 175.10 Td (VM, ) Tj ET Q q 0 0 0 rg BT 360.82 175.10 Td (insurers ) Tj ET Q q 0 0 0 rg BT 395.53 175.10 Td (are ) Tj ET Q q 0 0 0 rg BT 410.78 175.10 Td (required ) Tj ET Q q 0 0 0 rg BT 447.15 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.97 175.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 496.02 175.10 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 163.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 116.82 163.10 Td (for ) Tj ET Q q 0 0 0 rg BT 131.55 163.10 Td (such ) Tj ET Q q 0 0 0 rg BT 152.94 163.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 187.11 163.10 Td (that ) Tj ET Q q 0 0 0 rg BT 205.17 163.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 235.99 163.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 277.92 163.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 316.02 163.10 Td (The ) Tj ET Q q 0 0 0 rg BT 334.63 163.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 370.48 163.10 Td (has ) Tj ET Q q 0 0 0 rg BT 386.87 163.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 421.58 163.10 Td (or ) Tj ET Q q 0 0 0 rg BT 432.97 163.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 478.24 163.10 Td (redundancies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 151.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 113.49 151.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 157.08 151.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 186.23 151.10 Td (using ) Tj ET Q q 0 0 0 rg BT 210.40 151.10 Td (a ) Tj ET Q q 0 0 0 rg BT 217.34 151.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 247.60 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.43 151.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 303.70 151.10 Td (including ) Tj ET Q q 0 0 0 rg BT 343.97 151.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 375.34 151.10 Td (facilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 105.00 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.40 130.10 Td (CAR) Tj ET Q q 0 0 0 rg BT 143.23 130.10 Td (VM ) Tj ET Q q 0 0 0 rg BT 161.07 130.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 192.36 130.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.86 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.15 130.10 Td (On ) Tj ET Q q 0 0 0 rg BT 211.66 130.10 Td (October5, ) Tj ET Q q 0 0 0 rg BT 256.15 130.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 280.94 130.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 299.46 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.75 130.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 342.91 130.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 374.62 130.10 Td (into ) Tj ET Q q 0 0 0 rg BT 392.46 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.19 130.10 Td (yearly ) Tj ET Q q 0 0 0 rg BT 426.46 130.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 469.83 130.10 Td (term ) Tj ET Q q 0 0 0 rg BT 490.44 130.10 Td (indemnity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 118.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 130.92 118.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 176.39 118.10 Td (with ) Tj ET Q q 0 0 0 rg BT 198.00 118.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 227.38 118.10 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 280.64 118.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 323.36 118.10 Td (\("Raven ) Tj ET Q q 0 0 0 rg BT 360.15 118.10 Td (Re"\), ) Tj ET Q q 0 0 0 rg BT 385.00 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.27 118.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 424.88 118.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 455.37 118.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 500.32 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.48 118.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.00 118.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 106.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 122.22 106.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 140.11 106.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 172.45 106.10 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 223.70 106.10 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 280.74 106.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 317.53 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.65 106.10 Td (which ) Tj ET Q q 0 0 0 rg BT 354.44 106.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 372.96 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.31 106.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 416.53 106.10 Td (ceded ) Tj ET Q q 0 0 0 rg BT 442.19 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.98 106.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 474.66 106.10 Td (quota ) Tj ET Q q 0 0 0 rg BT 499.22 106.10 Td (share ) Tj ET Q q 0 0 0 rg BT 522.67 106.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 94.10 Td (its ) Tj ET Q q 0 0 0 rg BT 92.34 94.10 Td (CAR) Tj ET Q q 0 0 0 rg BT 112.10 94.10 Td (VM ) Tj ET Q q 0 0 0 rg BT 130.10 94.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 163.10 94.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.65 94.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 208.53 94.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 242.08 94.10 Td (where ) Tj ET Q q 0 0 0 rg BT 268.40 94.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 308.05 94.10 Td (char) Tj ET Q q 0 0 0 rg BT 325.07 94.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 340.29 94.10 Td (are ) Tj ET Q q 0 0 0 rg BT 354.39 94.10 Td (waived. ) Tj ET Q q 0 0 0 rg BT 387.52 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 392.93 94.10 Td (o ) Tj ET Q q 0 0 0 rg BT 399.82 94.10 Td (collateralize ) Tj ET Q q 0 0 0 rg BT 450.56 94.10 Td (its ) Tj ET Q q 0 0 0 rg BT 461.90 94.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 508.23 94.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.64 82.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 127.61 82.10 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 180.48 82.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 231.83 82.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 261.80 82.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 277.34 82.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 311.18 82.10 Td (into ) Tj ET Q q 0 0 0 rg BT 331.17 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.03 82.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 404.43 82.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 450.50 82.10 Td (with ) Tj ET Q q 0 0 0 rg BT 472.70 82.10 Td (Nomura ) Tj ET Q q 0 0 0 rg BT 509.89 82.10 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 70.10 Td (International ) Tj ET Q q 0 0 0 rg BT 135.39 70.10 Td (plc ) Tj ET Q q 0 0 0 rg BT 150.91 70.10 Td (\(NBI\), ) Tj ET Q q 0 0 0 rg BT 189.47 70.10 Td (an ) Tj ET Q q 0 0 0 rg BT 202.22 70.10 Td (af) Tj ET Q q 0 0 0 rg BT 209.80 70.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 236.43 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.06 70.10 Td (Nomura ) Tj ET Q q 0 0 0 rg BT 284.13 70.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 326.87 70.10 Td (International, ) Tj ET Q q 0 0 0 rg BT 383.76 70.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 404.83 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.57 70.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 441.10 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.40 70.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 463.25 70.10 Td (Reimbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 58.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 135.93 58.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 173.10 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.28 58.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 224.13 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.20 58.10 Td (NBI ) Tj ET Q q 0 0 0 rg BT 255.16 58.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 282.90 58.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 303.42 58.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 327.27 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.45 58.10 Td (NBI ) Tj ET Q q 0 0 0 rg BT 364.41 58.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 392.16 58.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.33 58.10 Td ($295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.33 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.08 58.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 445.36 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.43 58.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 481.93 58.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 502.17 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 512.69 58.10 Td (each ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (case, ) Tj ET Q q 0 0 0 rg BT 102.82 735.60 Td (were ) Tj ET Q q 0 0 0 rg BT 124.36 735.60 Td (deposited ) Tj ET Q q 0 0 0 rg BT 164.79 735.60 Td (into ) Tj ET Q q 0 0 0 rg BT 182.46 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 189.01 735.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 237.21 735.60 Td (trust ) Tj ET Q q 0 0 0 rg BT 257.09 735.60 Td (as ) Tj ET Q q 0 0 0 rg BT 267.54 735.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 306.84 735.60 Td (for ) Tj ET Q q 0 0 0 rg BT 320.61 735.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 348.27 735.60 Td (Re) Tj ET Q q 0 0 0 rg BT 362.16 735.60 Td (s ) Tj ET Q q 0 0 0 rg BT 368.16 735.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 414.72 735.60 Td (under ) Tj ET Q q 0 0 0 rg BT 439.59 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 453.92 735.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 481.58 735.60 Td (Reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 128.79 723.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 147.71 723.60 Td (NBI ) Tj ET Q q 0 0 0 rg BT 172.74 723.60 Td (Facility\). ) Tj ET Q q 0 0 0 rg BT 216.93 723.60 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 255.30 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 266.44 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.03 723.60 Td (NBI ) Tj ET Q q 0 0 0 rg BT 302.62 723.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 332.52 723.60 Td (, ) Tj ET Q q 0 0 0 rg BT 338.39 723.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 356.91 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 360.28 723.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 402.52 723.60 Td (takes ) Tj ET Q q 0 0 0 rg BT 426.43 723.60 Td (full ) Tj ET Q q 0 0 0 rg BT 443.69 723.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 469.82 723.60 Td (on ) Tj ET Q q 0 0 0 rg BT 483.19 723.60 Td (its ) Tj ET Q q 0 0 0 rg BT 496.01 723.60 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.08 711.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 162.40 711.60 Td (for ) Tj ET Q q 0 0 0 rg BT 176.16 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.48 711.60 Td (CAR) Tj ET Q q 0 0 0 rg BT 210.24 711.60 Td (VM ) Tj ET Q q 0 0 0 rg BT 228.45 711.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 259.42 711.60 Td (ceded ) Tj ET Q q 0 0 0 rg BT 284.84 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 294.72 711.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 322.37 711.60 Td (Re. ) Tj ET Q q 0 0 0 rg BT 337.93 711.60 Td (The ) Tj ET Q q 0 0 0 rg BT 355.58 711.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 378.22 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.65 711.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 413.52 711.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 443.94 711.60 Td (automatically ) Tj ET Q q 0 0 0 rg BT 500.47 711.60 Td (reduces ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (each ) Tj ET Q q 0 0 0 rg BT 101.50 699.60 Td (calendar ) Tj ET Q q 0 0 0 rg BT 137.55 699.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 168.06 699.60 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.06 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 180.24 699.60 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.24 699.60 Td (. ) Tj ET Q q 0 0 0 rg BT 194.45 699.60 Td (As ) Tj ET Q q 0 0 0 rg BT 207.75 699.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.27 699.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 278.22 699.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.22 699.60 Td (, ) Tj ET Q q 0 0 0 rg BT 302.90 699.60 Td (there ) Tj ET Q q 0 0 0 rg BT 325.08 699.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.82 699.60 Td ($201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.82 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 365.00 699.60 Td (available ) Tj ET Q q 0 0 0 rg BT 403.28 699.60 Td (under ) Tj ET Q q 0 0 0 rg BT 428.24 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 442.64 699.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 465.37 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.89 699.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 500.84 699.60 Td (facility) Tj ET Q q 0 0 0 rg BT 528.51 699.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (The ) Tj ET Q q 0 0 0 rg BT 98.70 687.60 Td (NBI ) Tj ET Q q 0 0 0 rg BT 118.07 687.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 150.77 687.60 Td (will ) Tj ET Q q 0 0 0 rg BT 168.47 687.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 208.38 687.60 Td (on ) Tj ET Q q 0 0 0 rg BT 220.53 687.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 280.44 687.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 305.09 687.60 Td (although ) Tj ET Q q 0 0 0 rg BT 342.23 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 356.60 687.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 387.06 687.60 Td (may ) Tj ET Q q 0 0 0 rg BT 406.43 687.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 446.34 687.60 Td (earlier) Tj ET Q q 0 0 0 rg BT 471.47 687.60 Td (, ) Tj ET Q q 0 0 0 rg BT 476.12 687.60 Td (in ) Tj ET Q q 0 0 0 rg BT 486.04 687.60 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (with ) Tj ET Q q 0 0 0 rg BT 101.04 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.51 675.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 139.99 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.58 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 165.05 675.60 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 230.13 675.60 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 279.31 675.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 306.56 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.04 675.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 345.51 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 356.10 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.57 675.60 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 435.65 675.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 484.84 675.60 Td (in ) Tj ET Q q 0 0 0 rg BT 494.87 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 509.35 675.60 Td (event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.95 663.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 119.22 663.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.27 663.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 155.77 663.60 Td (is ) Tj ET Q q 0 0 0 rg BT 165.17 663.60 Td (drawn ) Tj ET Q q 0 0 0 rg BT 192.88 663.60 Td (upon, ) Tj ET Q q 0 0 0 rg BT 218.11 663.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 246.39 663.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 260.22 663.60 Td (is ) Tj ET Q q 0 0 0 rg BT 269.62 663.60 Td (required ) Tj ET Q q 0 0 0 rg BT 305.67 663.60 Td (to ) Tj ET Q q 0 0 0 rg BT 316.17 663.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 341.11 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 356.05 663.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 392.67 663.60 Td (utilized, ) Tj ET Q q 0 0 0 rg BT 427.89 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 445.06 663.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 473.90 663.60 Td (is ) Tj ET Q q 0 0 0 rg BT 483.30 663.60 Td (obligated ) Tj ET Q q 0 0 0 rg BT 523.24 663.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 105.58 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.16 651.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 156.42 651.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 188.77 651.60 Td (if ) Tj ET Q q 0 0 0 rg BT 197.25 651.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 225.17 651.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 238.64 651.60 Td (fails ) Tj ET Q q 0 0 0 rg BT 258.23 651.60 Td (to ) Tj ET Q q 0 0 0 rg BT 268.37 651.60 Td (make ) Tj ET Q q 0 0 0 rg BT 292.40 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.98 651.60 Td (required ) Tj ET Q q 0 0 0 rg BT 342.67 651.60 Td (reimbursement. ) Tj ET Q q 0 0 0 rg BT 407.51 651.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 436.00 651.60 Td (also ) Tj ET Q q 0 0 0 rg BT 454.47 651.60 Td (is ) Tj ET Q q 0 0 0 rg BT 463.51 651.60 Td (required ) Tj ET Q q 0 0 0 rg BT 499.19 651.60 Td (to ) Tj ET Q q 0 0 0 rg BT 509.34 651.60 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 110.73 639.60 Td (contributions ) Tj ET Q q 0 0 0 rg BT 166.58 639.60 Td (to ) Tj ET Q q 0 0 0 rg BT 177.44 639.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 206.06 639.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 220.25 639.60 Td (in ) Tj ET Q q 0 0 0 rg BT 231.11 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.40 639.60 Td (event ) Tj ET Q q 0 0 0 rg BT 271.14 639.60 Td (that ) Tj ET Q q 0 0 0 rg BT 289.21 639.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 317.84 639.60 Td (Re) Tj ET Q q 0 0 0 rg BT 331.72 639.60 Td (s ) Tj ET Q q 0 0 0 rg BT 338.69 639.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 376.77 639.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 406.50 639.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.01 639.60 Td (surplus ) Tj ET Q q 0 0 0 rg BT 455.98 639.60 Td (falls ) Tj ET Q q 0 0 0 rg BT 476.28 639.60 Td (below ) Tj ET Q q 0 0 0 rg BT 503.80 639.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 112.34 627.60 Td (levels. ) Tj ET Q q 0 0 0 rg BT 139.21 627.60 Td (As ) Tj ET Q q 0 0 0 rg BT 151.68 627.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.36 627.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 218.79 627.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.79 627.60 Td (, ) Tj ET Q q 0 0 0 rg BT 242.64 627.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 269.54 627.60 Td (Re) Tj ET Q q 0 0 0 rg BT 283.42 627.60 Td (s ) Tj ET Q q 0 0 0 rg BT 288.67 627.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 325.01 627.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 353.01 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 368.80 627.60 Td (surplus ) Tj ET Q q 0 0 0 rg BT 399.04 627.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.94 627.60 Td ($28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.94 627.60 Td ( ) Tj ET Q q 0 0 0 rg BT 432.29 627.60 Td (in ) Tj ET Q q 0 0 0 rg BT 441.42 627.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 468.87 627.60 Td (of ) Tj ET Q q 0 0 0 rg BT 478.55 627.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.12 627.60 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.60 Td (level ) Tj ET Q q 0 0 0 rg BT 102.93 615.60 Td (required ) Tj ET Q q 0 0 0 rg BT 138.75 615.60 Td (under ) Tj ET Q q 0 0 0 rg BT 164.02 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.73 615.60 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 244.00 615.60 Td (Agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 594.60 Td (See ) Tj ET Q q 0 0 0 rg BT 122.24 594.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 147.81 594.60 Td (7A. ) Tj ET Q q 0 0 0 rg BT 165.34 594.60 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 217.57 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.82 594.60 Td (Qualitative ) Tj ET Q q 0 0 0 rg BT 282.05 594.60 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 330.90 594.60 Td (About ) Tj ET Q q 0 0 0 rg BT 358.70 594.60 Td (Market ) Tj ET Q q 0 0 0 rg BT 390.38 594.60 Td (Risk-Credit ) Tj ET Q q 0 0 0 rg BT 439.85 594.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 461.00 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 478.24 594.60 Td (Counterparty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 582.60 Td (Risk. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 557.10 Td (Regulation ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 540.60 Td (Overview ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 524.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 123.52 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.92 524.10 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 169.69 524.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 188.21 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.62 524.10 Td (NY) Tj ET Q q 0 0 0 rg BT 204.69 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.09 524.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 248.36 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.20 524.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 293.15 524.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 306.66 524.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.27 524.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 352.00 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.18 524.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 425.11 524.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 468.06 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.90 524.10 Td (supervision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.41 512.10 Td (their ) Tj ET Q q 0 0 0 rg BT 112.38 512.10 Td (domiciles, ) Tj ET Q q 0 0 0 rg BT 156.39 512.10 Td (Iowa, ) Tj ET Q q 0 0 0 rg BT 181.52 512.10 Td (New ) Tj ET Q q 0 0 0 rg BT 202.64 512.10 Td (Y) Tj ET Q q 0 0 0 rg BT 208.87 512.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 224.83 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.71 512.10 Td (V) Tj ET Q q 0 0 0 rg BT 247.83 512.10 Td (ermont, ) Tj ET Q q 0 0 0 rg BT 281.29 512.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 328.95 512.10 Td (, ) Tj ET Q q 0 0 0 rg BT 334.09 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.16 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.57 512.10 Td (each ) Tj ET Q q 0 0 0 rg BT 382.52 512.10 Td (state ) Tj ET Q q 0 0 0 rg BT 403.49 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.90 512.10 Td (which ) Tj ET Q q 0 0 0 rg BT 440.97 512.10 Td (they ) Tj ET Q q 0 0 0 rg BT 460.83 512.10 Td (do ) Tj ET Q q 0 0 0 rg BT 473.46 512.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 512.49 512.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.01 512.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 500.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 121.70 500.10 Td (does ) Tj ET Q q 0 0 0 rg BT 141.86 500.10 Td (business ) Tj ET Q q 0 0 0 rg BT 177.59 500.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 223.31 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.36 500.10 Td (United ) Tj ET Q q 0 0 0 rg BT 266.41 500.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 294.63 500.10 Td (except ) Tj ET Q q 0 0 0 rg BT 322.56 500.10 Td (for ) Tj ET Q q 0 0 0 rg BT 336.05 500.10 Td (New ) Tj ET Q q 0 0 0 rg BT 356.49 500.10 Td (Y) Tj ET Q q 0 0 0 rg BT 362.72 500.10 Td (ork. ) Tj ET Q q 0 0 0 rg BT 380.38 500.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 398.90 500.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.73 500.10 Td (NY) Tj ET Q q 0 0 0 rg BT 414.81 500.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.64 500.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 457.34 500.10 Td (only ) Tj ET Q q 0 0 0 rg BT 476.95 500.10 Td (does ) Tj ET Q q 0 0 0 rg BT 497.11 500.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.32 488.10 Td (New ) Tj ET Q q 0 0 0 rg BT 112.38 488.10 Td (Y) Tj ET Q q 0 0 0 rg BT 118.60 488.10 Td (ork. ) Tj ET Q q 0 0 0 rg BT 136.97 488.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 165.07 488.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 178.72 488.10 Td (is ) Tj ET Q q 0 0 0 rg BT 187.94 488.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.92 488.10 Td (special ) Tj ET Q q 0 0 0 rg BT 225.23 488.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 259.44 488.10 Td (captive ) Tj ET Q q 0 0 0 rg BT 290.86 488.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 339.49 488.10 Td (company ) Tj ET Q q 0 0 0 rg BT 378.69 488.10 Td (that ) Tj ET Q q 0 0 0 rg BT 396.23 488.10 Td (only ) Tj ET Q q 0 0 0 rg BT 416.55 488.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 453.54 488.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 502.17 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.49 488.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.02 488.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 476.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 122.19 476.10 Td (under ) Tj ET Q q 0 0 0 rg BT 147.29 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.83 476.10 Td (CAR) Tj ET Q q 0 0 0 rg BT 181.59 476.10 Td (VM ) Tj ET Q q 0 0 0 rg BT 199.86 476.10 Td (T) Tj ET Q q 0 0 0 rg BT 205.62 476.10 Td (reaty) Tj ET Q q 0 0 0 rg BT 224.95 476.10 Td (. ) Tj ET Q q 0 0 0 rg BT 229.78 476.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 273.22 476.10 Td (its ) Tj ET Q q 0 0 0 rg BT 285.00 476.10 Td (redomestication ) Tj ET Q q 0 0 0 rg BT 351.19 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.29 476.10 Td (Iowa, ) Tj ET Q q 0 0 0 rg BT 386.11 476.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 404.63 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.96 476.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 448.60 476.10 Td (s ) Tj ET Q q 0 0 0 rg BT 454.82 476.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 492.69 476.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 464.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 126.15 464.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 166.32 464.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.05 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.33 464.10 Td (IID. ) Tj ET Q q 0 0 0 rg BT 213.77 464.10 Td (State ) Tj ET Q q 0 0 0 rg BT 237.82 464.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 280.20 464.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 333.13 464.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 381.08 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.36 464.10 Td (United ) Tj ET Q q 0 0 0 rg BT 428.63 464.10 Td (States ) Tj ET Q q 0 0 0 rg BT 456.58 464.10 Td (also ) Tj ET Q q 0 0 0 rg BT 476.75 464.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 512.48 464.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.00 464.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 452.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 122.65 452.10 Td (s ) Tj ET Q q 0 0 0 rg BT 130.07 452.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 171.91 452.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 217.10 452.10 Td (as ) Tj ET Q q 0 0 0 rg BT 228.96 452.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.93 452.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 273.22 452.10 Td (insurer) Tj ET Q q 0 0 0 rg BT 300.44 452.10 Td (. ) Tj ET Q q 0 0 0 rg BT 306.21 452.10 Td (The ) Tj ET Q q 0 0 0 rg BT 325.29 452.10 Td (New ) Tj ET Q q 0 0 0 rg BT 347.18 452.10 Td (Y) Tj ET Q q 0 0 0 rg BT 353.40 452.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 370.26 452.10 Td (State ) Tj ET Q q 0 0 0 rg BT 393.79 452.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 444.52 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.38 452.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 497.12 452.10 Td (Services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 440.10 Td (\(NYDFS\) ) Tj ET Q q 0 0 0 rg BT 132.30 440.10 Td (regulates ) Tj ET Q q 0 0 0 rg BT 171.36 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.55 440.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 231.17 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.47 440.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 260.99 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.96 440.10 Td (NY) Tj ET Q q 0 0 0 rg BT 278.04 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.01 440.10 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 325.34 440.10 Td (which ) Tj ET Q q 0 0 0 rg BT 352.75 440.10 Td (is ) Tj ET Q q 0 0 0 rg BT 362.39 440.10 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 405.35 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.76 440.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 458.49 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.24 440.10 Td (New ) Tj ET Q q 0 0 0 rg BT 490.65 440.10 Td (Y) Tj ET Q q 0 0 0 rg BT 496.88 440.10 Td (ork. ) Tj ET Q q 0 0 0 rg BT 515.46 440.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 428.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 115.30 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.27 428.10 Td (these ) Tj ET Q q 0 0 0 rg BT 149.45 428.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 196.53 428.10 Td (is ) Tj ET Q q 0 0 0 rg BT 205.84 428.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 245.69 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.10 428.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 286.51 428.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 343.58 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.66 428.10 Td (beneficiaries ) Tj ET Q q 0 0 0 rg BT 414.38 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.45 428.10 Td (not ) Tj ET Q q 0 0 0 rg BT 446.87 428.10 Td (general ) Tj ET Q q 0 0 0 rg BT 478.93 428.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 516.56 428.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 416.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 133.85 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.49 416.10 Td (those ) Tj ET Q q 0 0 0 rg BT 167.91 416.10 Td (insurers. ) Tj ET Q q 0 0 0 rg BT 204.38 416.10 Td (Many ) Tj ET Q q 0 0 0 rg BT 230.02 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.66 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.19 416.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 275.83 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.58 416.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 339.33 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.41 416.10 Td (which ) Tj ET Q q 0 0 0 rg BT 376.16 416.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 394.68 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.00 416.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 438.17 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.92 416.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 473.44 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.75 416.10 Td (NY) Tj ET Q q 0 0 0 rg BT 489.83 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.14 416.10 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 95.61 404.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 126.35 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 140.96 404.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 179.46 404.10 Td (re-examined ) Tj ET Q q 0 0 0 rg BT 231.84 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.69 404.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 282.76 404.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.50 404.10 Td (future ) Tj ET Q q 0 0 0 rg BT 319.78 404.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 340.52 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.36 404.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 404.20 404.10 Td (may ) Tj ET Q q 0 0 0 rg BT 423.83 404.10 Td (become ) Tj ET Q q 0 0 0 rg BT 457.33 404.10 Td (more ) Tj ET Q q 0 0 0 rg BT 480.28 404.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 522.67 404.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 122.38 392.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 163.19 392.10 Td (af) Tj ET Q q 0 0 0 rg BT 170.78 392.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 188.27 392.10 Td (their ) Tj ET Q q 0 0 0 rg BT 209.09 392.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 371.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 143.77 371.10 Td (, ) Tj ET Q q 0 0 0 rg BT 148.04 371.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 188.12 371.10 Td (products ) Tj ET Q q 0 0 0 rg BT 224.33 371.10 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 277.19 371.10 Td (by ) Tj ET Q q 0 0 0 rg BT 288.96 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.16 371.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 325.80 371.10 Td (used ) Tj ET Q q 0 0 0 rg BT 345.90 371.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.67 371.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 376.19 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.95 371.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 418.59 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.79 371.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 453.31 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.08 371.10 Td (NY) Tj ET Q q 0 0 0 rg BT 469.15 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.92 371.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 511.55 371.10 Td (must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 359.10 Td (be ) Tj ET Q q 0 0 0 rg BT 92.66 359.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 132.09 359.10 Td (by ) Tj ET Q q 0 0 0 rg BT 144.32 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.76 359.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 199.30 359.10 Td (regulators ) Tj ET Q q 0 0 0 rg BT 241.51 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.51 359.10 Td (each ) Tj ET Q q 0 0 0 rg BT 272.05 359.10 Td (state ) Tj ET Q q 0 0 0 rg BT 292.60 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.60 359.10 Td (which ) Tj ET Q q 0 0 0 rg BT 329.26 359.10 Td (they ) Tj ET Q q 0 0 0 rg BT 348.71 359.10 Td (are ) Tj ET Q q 0 0 0 rg BT 363.14 359.10 Td (sold. ) Tj ET Q q 0 0 0 rg BT 384.37 359.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 411.03 359.10 Td (products ) Tj ET Q q 0 0 0 rg BT 447.69 359.10 Td (are ) Tj ET Q q 0 0 0 rg BT 462.13 359.10 Td (also ) Tj ET Q q 0 0 0 rg BT 480.46 359.10 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 347.10 Td (af) Tj ET Q q 0 0 0 rg BT 88.59 347.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 115.35 347.10 Td (by ) Tj ET Q q 0 0 0 rg BT 127.68 347.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 157.77 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.55 347.10 Td (state ) Tj ET Q q 0 0 0 rg BT 195.21 347.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.76 347.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 232.93 347.10 Td (For ) Tj ET Q q 0 0 0 rg BT 249.16 347.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 287.87 347.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 322.41 347.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.53 347.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 347.08 347.10 Td (law ) Tj ET Q q 0 0 0 rg BT 363.85 347.10 Td (could ) Tj ET Q q 0 0 0 rg BT 388.41 347.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 417.39 347.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.06 347.10 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 467.60 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.15 347.10 Td (tax-deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 335.10 Td (accumulation ) Tj ET Q q 0 0 0 rg BT 136.98 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.43 335.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 183.42 335.10 Td (on ) Tj ET Q q 0 0 0 rg BT 195.54 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.87 335.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 244.76 335.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 264.10 335.10 Td (by ) Tj ET Q q 0 0 0 rg BT 276.21 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.54 335.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 322.10 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.54 335.10 Td (annuities ) Tj ET Q q 0 0 0 rg BT 370.76 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.32 335.10 Td (life ) Tj ET Q q 0 0 0 rg BT 402.76 335.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 443.19 335.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 482.24 335.10 Td (which ) Tj ET Q q 0 0 0 rg BT 508.80 335.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 323.10 Td (make ) Tj ET Q q 0 0 0 rg BT 105.18 323.10 Td (such ) Tj ET Q q 0 0 0 rg BT 126.04 323.10 Td (products ) Tj ET Q q 0 0 0 rg BT 163.00 323.10 Td (less ) Tj ET Q q 0 0 0 rg BT 180.53 323.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 220.25 323.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.55 323.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 268.07 323.10 Td (purchasers. ) Tj ET Q q 0 0 0 rg BT 315.30 323.10 Td (A) Tj ET Q q 0 0 0 rg BT 321.97 323.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.49 323.10 Td (shift ) Tj ET Q q 0 0 0 rg BT 344.80 323.10 Td (away ) Tj ET Q q 0 0 0 rg BT 368.42 323.10 Td (from ) Tj ET Q q 0 0 0 rg BT 390.39 323.10 Td (life ) Tj ET Q q 0 0 0 rg BT 406.24 323.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 447.08 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.04 323.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 496.56 323.10 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 311.10 Td (could ) Tj ET Q q 0 0 0 rg BT 105.05 311.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 133.53 311.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 152.05 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.89 311.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 195.53 311.10 Td (s ) Tj ET Q q 0 0 0 rg BT 201.26 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.53 311.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 236.05 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.89 311.10 Td (NY) Tj ET Q q 0 0 0 rg BT 251.96 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.80 311.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 295.44 311.10 Td (s ) Tj ET Q q 0 0 0 rg BT 301.17 311.10 Td (income ) Tj ET Q q 0 0 0 rg BT 332.44 311.10 Td (from ) Tj ET Q q 0 0 0 rg BT 353.71 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.76 311.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 385.14 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.31 311.10 Td (such ) Tj ET Q q 0 0 0 rg BT 415.47 311.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 454.25 311.10 Td (as ) Tj ET Q q 0 0 0 rg BT 464.41 311.10 Td (well ) Tj ET Q q 0 0 0 rg BT 483.46 311.10 Td (as ) Tj ET Q q 0 0 0 rg BT 493.63 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.68 311.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 299.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 103.38 299.10 Td (which ) Tj ET Q q 0 0 0 rg BT 130.20 299.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 148.72 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.10 299.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 192.34 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.16 299.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 227.68 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.06 299.10 Td (NY) Tj ET Q q 0 0 0 rg BT 244.13 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.51 299.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 287.76 299.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 307.35 299.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 353.61 299.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 387.92 299.10 Td (In ) Tj ET Q q 0 0 0 rg BT 398.63 299.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 436.28 299.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 476.98 299.10 Td (products ) Tj ET Q q 0 0 0 rg BT 513.80 299.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 287.10 Td (also ) Tj ET Q q 0 0 0 rg BT 99.61 287.10 Td (be ) Tj ET Q q 0 0 0 rg BT 111.55 287.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 142.37 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.65 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.37 287.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 210.41 287.10 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 257.34 287.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 289.82 287.10 Td (Security ) Tj ET Q q 0 0 0 rg BT 325.10 287.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 342.04 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.87 287.10 Td (1974 ) Tj ET Q q 0 0 0 rg BT 375.37 287.10 Td (\("ERISA"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 266.10 Td (State ) Tj ET Q q 0 0 0 rg BT 127.82 266.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 168.96 266.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 213.99 266.10 Td (have ) Tj ET Q q 0 0 0 rg BT 235.69 266.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 261.28 266.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 321.31 266.10 Td (powers ) Tj ET Q q 0 0 0 rg BT 353.01 266.10 Td (over ) Tj ET Q q 0 0 0 rg BT 373.60 266.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 392.12 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.95 266.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 436.64 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.90 266.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 472.42 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.24 266.10 Td (NY) Tj ET Q q 0 0 0 rg BT 489.31 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.13 266.10 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.28 254.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 132.09 254.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.37 254.10 Td (all ) Tj ET Q q 0 0 0 rg BT 154.87 254.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 186.24 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.07 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.79 254.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 252.61 254.10 Td (business ) Tj ET Q q 0 0 0 rg BT 289.00 254.10 Td (including: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 237.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 237.60 Td (licensing ) Tj ET Q q 0 0 0 rg BT 155.60 237.60 Td (to ) Tj ET Q q 0 0 0 rg BT 165.88 237.60 Td (transact ) Tj ET Q q 0 0 0 rg BT 199.48 237.60 Td (business; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 221.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 221.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 155.60 221.10 Td (agents; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 204.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 204.60 Td (prescribing ) Tj ET Q q 0 0 0 rg BT 164.49 204.60 Td (which ) Tj ET Q q 0 0 0 rg BT 191.42 204.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 217.25 204.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.19 204.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 273.91 204.60 Td (are ) Tj ET Q q 0 0 0 rg BT 288.62 204.60 Td (to ) Tj ET Q q 0 0 0 rg BT 298.89 204.60 Td (be ) Tj ET Q q 0 0 0 rg BT 310.83 204.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 356.65 204.60 Td (in ) Tj ET Q q 0 0 0 rg BT 366.93 204.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 417.75 204.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 455.24 204.60 Td (surplus; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 188.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 188.10 Td (regulating ) Tj ET Q q 0 0 0 rg BT 160.04 188.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 198.65 188.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 220.02 188.10 Td (for ) Tj ET Q q 0 0 0 rg BT 234.18 188.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 263.88 188.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 304.70 188.10 Td (products; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 171.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 171.60 Td (approving ) Tj ET Q q 0 0 0 rg BT 160.05 171.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 187.54 171.60 Td (forms ) Tj ET Q q 0 0 0 rg BT 213.37 171.60 Td (and ) Tj ET Q q 0 0 0 rg BT 230.31 171.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 260.01 171.60 Td (related ) Tj ET Q q 0 0 0 rg BT 289.71 171.60 Td (materials; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 155.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 155.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 166.61 155.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 200.10 155.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.83 155.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 249.87 155.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 271.15 155.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 295.22 155.10 Td (as ) Tj ET Q q 0 0 0 rg BT 304.83 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.90 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.40 155.10 Td (suitability ) Tj ET Q q 0 0 0 rg BT 368.69 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.31 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.81 155.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 423.09 155.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 459.92 155.10 Td (recommendations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 143.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 158.93 143.10 Td (make; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 126.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 126.60 Td (regulating ) Tj ET Q q 0 0 0 rg BT 160.04 126.60 Td (unfair ) Tj ET Q q 0 0 0 rg BT 186.42 126.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 208.90 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 225.84 126.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 254.45 126.60 Td (practices; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 110.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 110.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 167.27 110.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 198.64 110.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 253.34 110.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.28 110.10 Td (solvency ) Tj ET Q q 0 0 0 rg BT 308.33 110.10 Td (standards; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 93.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 93.60 Td (regulating ) Tj ET Q q 0 0 0 rg BT 160.04 93.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.76 93.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 207.25 93.60 Td (of ) Tj ET Q q 0 0 0 rg BT 218.08 93.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 259.47 93.60 Td (that ) Tj ET Q q 0 0 0 rg BT 276.97 93.60 Td (may ) Tj ET Q q 0 0 0 rg BT 296.68 93.60 Td (be ) Tj ET Q q 0 0 0 rg BT 308.62 93.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 328.34 93.60 Td (in ) Tj ET Q q 0 0 0 rg BT 338.62 93.60 Td (any ) Tj ET Q q 0 0 0 rg BT 355.55 93.60 Td (year; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 77.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 77.10 Td (regulating ) Tj ET Q q 0 0 0 rg BT 159.60 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.88 77.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 220.93 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.32 77.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 279.46 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.85 77.10 Td (other ) Tj ET Q q 0 0 0 rg BT 312.46 77.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 352.85 77.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 392.68 77.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 433.36 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.63 77.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 471.91 77.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 502.29 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.79 77.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 65.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 145.48 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.73 65.10 Td (an ) Tj ET Q q 0 0 0 rg BT 169.09 65.10 Td (insurer ) Tj ET Q q 0 0 0 rg BT 199.78 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.49 65.10 Td (take ) Tj ET Q q 0 0 0 rg BT 230.07 65.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 255.75 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 268.68 65.10 Td (its ) Tj ET Q q 0 0 0 rg BT 281.05 65.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.95 65.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 364.09 65.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.67 65.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 419.91 65.10 Td (ceded ) Tj ET Q q 0 0 0 rg BT 446.15 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.85 65.10 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 499.21 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 510.46 65.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 53.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 157.83 53.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 198.10 53.10 Td (solutions; ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (18) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 99.00 741.85 Td ( ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 117.00 741.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 729.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 729.85 Td (fixing ) Tj ET Q q 0 0 0 rg BT 143.98 729.85 Td (maximum ) Tj ET Q q 0 0 0 rg BT 187.63 729.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 220.16 729.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 242.13 729.85 Td (on ) Tj ET Q q 0 0 0 rg BT 255.22 729.85 Td (life ) Tj ET Q q 0 0 0 rg BT 271.64 729.85 Td (insurance ) Tj ET Q q 0 0 0 rg BT 313.05 729.85 Td (policy ) Tj ET Q q 0 0 0 rg BT 341.14 729.85 Td (loans ) Tj ET Q q 0 0 0 rg BT 365.35 729.85 Td (and ) Tj ET Q q 0 0 0 rg BT 382.88 729.85 Td (minimum ) Tj ET Q q 0 0 0 rg BT 424.87 729.85 Td (accumulation ) Tj ET Q q 0 0 0 rg BT 481.83 729.85 Td (or ) Tj ET Q q 0 0 0 rg BT 493.25 729.85 Td (surrender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 717.85 Td (values; ) Tj ET Q q 0 0 0 rg BT 147.83 717.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 701.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 701.35 Td (regulating ) Tj ET Q q 0 0 0 rg BT 160.49 701.35 Td (the ) Tj ET Q q 0 0 0 rg BT 175.66 701.35 Td (type, ) Tj ET Q q 0 0 0 rg BT 198.32 701.35 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 237.66 701.35 Td (and ) Tj ET Q q 0 0 0 rg BT 255.05 701.35 Td (valuations ) Tj ET Q q 0 0 0 rg BT 299.10 701.35 Td (of ) Tj ET Q q 0 0 0 rg BT 310.38 701.35 Td (investments ) Tj ET Q q 0 0 0 rg BT 361.10 701.35 Td (permitted, ) Tj ET Q q 0 0 0 rg BT 404.87 701.35 Td (transactions ) Tj ET Q q 0 0 0 rg BT 455.58 701.35 Td (with ) Tj ET Q q 0 0 0 rg BT 476.31 701.35 Td (af) Tj ET Q q 0 0 0 rg BT 483.90 701.35 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 516.56 701.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 689.35 Td (other ) Tj ET Q q 0 0 0 rg BT 140.05 689.35 Td (matters. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 663.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 124.07 663.85 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 647.35 Td (State ) Tj ET Q q 0 0 0 rg BT 126.77 647.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 166.86 647.35 Td (laws ) Tj ET Q q 0 0 0 rg BT 186.96 647.35 Td (and ) Tj ET Q q 0 0 0 rg BT 203.17 647.35 Td (regulations ) Tj ET Q q 0 0 0 rg BT 249.38 647.35 Td (require ) Tj ET Q q 0 0 0 rg BT 279.46 647.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 297.98 647.35 Td ( ) Tj ET Q q 0 0 0 rg BT 299.76 647.35 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 342.90 647.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 361.42 647.35 Td ( ) Tj ET Q q 0 0 0 rg BT 363.19 647.35 Td (NY) Tj ET Q q 0 0 0 rg BT 377.26 647.35 Td ( ) Tj ET Q q 0 0 0 rg BT 379.03 647.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 419.67 647.35 Td (and ) Tj ET Q q 0 0 0 rg BT 435.88 647.35 Td (Raven ) Tj ET Q q 0 0 0 rg BT 463.20 647.35 Td (Re ) Tj ET Q q 0 0 0 rg BT 476.08 647.35 Td (to ) Tj ET Q q 0 0 0 rg BT 485.63 647.35 Td (file ) Tj ET Q q 0 0 0 rg BT 500.73 647.35 Td (reports, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 635.35 Td (including ) Tj ET Q q 0 0 0 rg BT 121.04 635.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.28 635.35 Td (statements, ) Tj ET Q q 0 0 0 rg BT 205.26 635.35 Td (with ) Tj ET Q q 0 0 0 rg BT 225.30 635.35 Td (state ) Tj ET Q q 0 0 0 rg BT 245.89 635.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 286.47 635.35 Td (departments ) Tj ET Q q 0 0 0 rg BT 337.61 635.35 Td (in ) Tj ET Q q 0 0 0 rg BT 347.65 635.35 Td (each ) Tj ET Q q 0 0 0 rg BT 368.23 635.35 Td (state ) Tj ET Q q 0 0 0 rg BT 388.82 635.35 Td (in ) Tj ET Q q 0 0 0 rg BT 398.87 635.35 Td (which ) Tj ET Q q 0 0 0 rg BT 425.57 635.35 Td (they ) Tj ET Q q 0 0 0 rg BT 445.05 635.35 Td (do ) Tj ET Q q 0 0 0 rg BT 457.31 635.35 Td (business, ) Tj ET Q q 0 0 0 rg BT 495.97 635.35 Td (and ) Tj ET Q q 0 0 0 rg BT 512.67 635.35 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 623.35 Td (operations ) Tj ET Q q 0 0 0 rg BT 125.58 623.35 Td (and ) Tj ET Q q 0 0 0 rg BT 142.94 623.35 Td (accounts ) Tj ET Q q 0 0 0 rg BT 180.85 623.35 Td (are ) Tj ET Q q 0 0 0 rg BT 195.99 623.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 227.24 623.35 Td (to ) Tj ET Q q 0 0 0 rg BT 237.94 623.35 Td (examination ) Tj ET Q q 0 0 0 rg BT 290.29 623.35 Td (by ) Tj ET Q q 0 0 0 rg BT 303.22 623.35 Td (those ) Tj ET Q q 0 0 0 rg BT 327.25 623.35 Td (departments ) Tj ET Q q 0 0 0 rg BT 379.05 623.35 Td (at ) Tj ET Q q 0 0 0 rg BT 389.19 623.35 Td (any ) Tj ET Q q 0 0 0 rg BT 406.55 623.35 Td (time. ) Tj ET Q q 0 0 0 rg BT 429.75 623.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 448.27 623.35 Td ( ) Tj ET Q q 0 0 0 rg BT 451.20 623.35 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 495.49 623.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 514.01 623.35 Td ( ) Tj ET Q q 0 0 0 rg BT 516.93 623.35 Td (NY) Tj ET Q q 0 0 0 rg BT 531.00 623.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 611.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 123.98 611.35 Td (and ) Tj ET Q q 0 0 0 rg BT 142.54 611.35 Td (Raven ) Tj ET Q q 0 0 0 rg BT 172.20 611.35 Td (Re ) Tj ET Q q 0 0 0 rg BT 187.43 611.35 Td (prepare ) Tj ET Q q 0 0 0 rg BT 221.52 611.35 Td (statutory ) Tj ET Q q 0 0 0 rg BT 260.63 611.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.73 611.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 346.06 611.35 Td (in ) Tj ET Q q 0 0 0 rg BT 357.95 611.35 Td (accordance ) Tj ET Q q 0 0 0 rg BT 407.03 611.35 Td (with ) Tj ET Q q 0 0 0 rg BT 428.93 611.35 Td (accounting ) Tj ET Q q 0 0 0 rg BT 476.91 611.35 Td (practices ) Tj ET Q q 0 0 0 rg BT 516.56 611.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 599.35 Td (procedures ) Tj ET Q q 0 0 0 rg BT 127.37 599.35 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 171.51 599.35 Td (or ) Tj ET Q q 0 0 0 rg BT 182.34 599.35 Td (permitted ) Tj ET Q q 0 0 0 rg BT 223.16 599.35 Td (by ) Tj ET Q q 0 0 0 rg BT 235.66 599.35 Td (these ) Tj ET Q q 0 0 0 rg BT 258.71 599.35 Td (departments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 578.35 Td (The ) Tj ET Q q 0 0 0 rg BT 125.56 578.35 Td (National ) Tj ET Q q 0 0 0 rg BT 163.90 578.35 Td (Association ) Tj ET Q q 0 0 0 rg BT 216.13 578.35 Td (of ) Tj ET Q q 0 0 0 rg BT 229.47 578.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 273.35 578.35 Td (Commissioners ) Tj ET Q q 0 0 0 rg BT 340.59 578.35 Td (\("NAIC"\) ) Tj ET Q q 0 0 0 rg BT 384.87 578.35 Td (has ) Tj ET Q q 0 0 0 rg BT 403.21 578.35 Td (approved ) Tj ET Q q 0 0 0 rg BT 445.43 578.35 Td (a ) Tj ET Q q 0 0 0 rg BT 454.88 578.35 Td (series ) Tj ET Q q 0 0 0 rg BT 482.66 578.35 Td (of ) Tj ET Q q 0 0 0 rg BT 496.00 578.35 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 566.35 Td (accounting ) Tj ET Q q 0 0 0 rg BT 129.98 566.35 Td (principles ) Tj ET Q q 0 0 0 rg BT 174.52 566.35 Td (and ) Tj ET Q q 0 0 0 rg BT 194.07 566.35 Td (various ) Tj ET Q q 0 0 0 rg BT 228.62 566.35 Td (model ) Tj ET Q q 0 0 0 rg BT 258.72 566.35 Td (regulations ) Tj ET Q q 0 0 0 rg BT 308.26 566.35 Td (that ) Tj ET Q q 0 0 0 rg BT 328.37 566.35 Td (have ) Tj ET Q q 0 0 0 rg BT 352.35 566.35 Td (been ) Tj ET Q q 0 0 0 rg BT 376.34 566.35 Td (adopted, ) Tj ET Q q 0 0 0 rg BT 415.60 566.35 Td (in ) Tj ET Q q 0 0 0 rg BT 428.49 566.35 Td (some ) Tj ET Q q 0 0 0 rg BT 454.70 566.35 Td (cases ) Tj ET Q q 0 0 0 rg BT 480.91 566.35 Td (with ) Tj ET Q q 0 0 0 rg BT 503.80 566.35 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 554.35 Td (modifications, ) Tj ET Q q 0 0 0 rg BT 141.53 554.35 Td (by ) Tj ET Q q 0 0 0 rg BT 154.57 554.35 Td (all ) Tj ET Q q 0 0 0 rg BT 167.61 554.35 Td (state ) Tj ET Q q 0 0 0 rg BT 188.97 554.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 230.33 554.35 Td (departments. ) Tj ET Q q 0 0 0 rg BT 284.52 554.35 Td (These ) Tj ET Q q 0 0 0 rg BT 311.44 554.35 Td (statutory ) Tj ET Q q 0 0 0 rg BT 349.48 554.35 Td (principles ) Tj ET Q q 0 0 0 rg BT 391.95 554.35 Td (are ) Tj ET Q q 0 0 0 rg BT 407.20 554.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 438.57 554.35 Td (to ) Tj ET Q q 0 0 0 rg BT 449.39 554.35 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 485.21 554.35 Td (change ) Tj ET Q q 0 0 0 rg BT 516.56 554.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 542.35 Td (modification. ) Tj ET Q q 0 0 0 rg BT 137.64 542.35 Td (For ) Tj ET Q q 0 0 0 rg BT 154.57 542.35 Td (instance, ) Tj ET Q q 0 0 0 rg BT 192.87 542.35 Td (the ) Tj ET Q q 0 0 0 rg BT 208.13 542.35 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 235.61 542.35 Td (adopted, ) Tj ET Q q 0 0 0 rg BT 272.80 542.35 Td (ef) Tj ET Q q 0 0 0 rg BT 280.39 542.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 310.63 542.35 Td (with ) Tj ET Q q 0 0 0 rg BT 331.45 542.35 Td (the ) Tj ET Q q 0 0 0 rg BT 346.70 542.35 Td (annual ) Tj ET Q q 0 0 0 rg BT 376.40 542.35 Td (reporting ) Tj ET Q q 0 0 0 rg BT 416.09 542.35 Td (period ) Tj ET Q q 0 0 0 rg BT 444.67 542.35 Td (ending ) Tj ET Q q 0 0 0 rg BT 474.93 542.35 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 530.35 Td (2010, ) Tj ET Q q 0 0 0 rg BT 105.85 530.35 Td (revisions ) Tj ET Q q 0 0 0 rg BT 144.30 530.35 Td (to ) Tj ET Q q 0 0 0 rg BT 154.42 530.35 Td (the ) Tj ET Q q 0 0 0 rg BT 168.47 530.35 Td (Annual ) Tj ET Q q 0 0 0 rg BT 200.25 530.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 239.81 530.35 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 282.15 530.35 Td (Model ) Tj ET Q q 0 0 0 rg BT 310.60 530.35 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 356.83 530.35 Td (\(or ) Tj ET Q q 0 0 0 rg BT 370.83 530.35 Td (the ) Tj ET Q q 0 0 0 rg BT 385.40 530.35 Td (Model ) Tj ET Q q 0 0 0 rg BT 413.33 530.35 Td (Audit ) Tj ET Q q 0 0 0 rg BT 438.46 530.35 Td (Rule\) ) Tj ET Q q 0 0 0 rg BT 463.02 530.35 Td (related ) Tj ET Q q 0 0 0 rg BT 492.56 530.35 Td (to ) Tj ET Q q 0 0 0 rg BT 502.69 530.35 Td (auditor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 518.35 Td (independence, ) Tj ET Q q 0 0 0 rg BT 141.84 518.35 Td (corporate ) Tj ET Q q 0 0 0 rg BT 182.96 518.35 Td (governance ) Tj ET Q q 0 0 0 rg BT 232.42 518.35 Td (and ) Tj ET Q q 0 0 0 rg BT 250.22 518.35 Td (internal ) Tj ET Q q 0 0 0 rg BT 284.13 518.35 Td (control ) Tj ET Q q 0 0 0 rg BT 315.83 518.35 Td (over ) Tj ET Q q 0 0 0 rg BT 336.97 518.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 375.32 518.35 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 417.60 518.35 Td (These ) Tj ET Q q 0 0 0 rg BT 444.84 518.35 Td (revisions ) Tj ET Q q 0 0 0 rg BT 484.32 518.35 Td (require ) Tj ET Q q 0 0 0 rg BT 516.01 518.35 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 506.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 121.29 506.35 Td (companies, ) Tj ET Q q 0 0 0 rg BT 168.52 506.35 Td (such ) Tj ET Q q 0 0 0 rg BT 188.83 506.35 Td (as ) Tj ET Q q 0 0 0 rg BT 199.13 506.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 217.65 506.35 Td ( ) Tj ET Q q 0 0 0 rg BT 219.62 506.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 260.46 506.35 Td (and ) Tj ET Q q 0 0 0 rg BT 276.87 506.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 295.39 506.35 Td ( ) Tj ET Q q 0 0 0 rg BT 297.37 506.35 Td (NY) Tj ET Q q 0 0 0 rg BT 311.44 506.35 Td ( ) Tj ET Q q 0 0 0 rg BT 313.41 506.35 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 356.75 506.35 Td (file ) Tj ET Q q 0 0 0 rg BT 372.05 506.35 Td (reports ) Tj ET Q q 0 0 0 rg BT 401.79 506.35 Td (with ) Tj ET Q q 0 0 0 rg BT 421.54 506.35 Td (state ) Tj ET Q q 0 0 0 rg BT 441.84 506.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 482.13 506.35 Td (departments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 494.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 121.45 494.35 Td (their ) Tj ET Q q 0 0 0 rg BT 141.92 494.35 Td (assessments ) Tj ET Q q 0 0 0 rg BT 192.38 494.35 Td (of ) Tj ET Q q 0 0 0 rg BT 202.85 494.35 Td (internal ) Tj ET Q q 0 0 0 rg BT 235.53 494.35 Td (control ) Tj ET Q q 0 0 0 rg BT 265.99 494.35 Td (over ) Tj ET Q q 0 0 0 rg BT 285.90 494.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 323.02 494.35 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 364.31 494.35 Td (Moreover) Tj ET Q q 0 0 0 rg BT 403.34 494.35 Td (, ) Tj ET Q q 0 0 0 rg BT 407.98 494.35 Td (compliance ) Tj ET Q q 0 0 0 rg BT 456.20 494.35 Td (with ) Tj ET Q q 0 0 0 rg BT 476.12 494.35 Td (any ) Tj ET Q q 0 0 0 rg BT 492.70 494.35 Td (particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 482.35 Td (regulator) Tj ET Q q 0 0 0 rg BT 117.46 482.35 Td () Tj ET Q q 0 0 0 rg BT 120.24 482.35 Td (s ) Tj ET Q q 0 0 0 rg BT 127.58 482.35 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 184.88 482.35 Td (of ) Tj ET Q q 0 0 0 rg BT 196.66 482.35 Td (a ) Tj ET Q q 0 0 0 rg BT 204.54 482.35 Td (legal ) Tj ET Q q 0 0 0 rg BT 227.41 482.35 Td (or ) Tj ET Q q 0 0 0 rg BT 239.18 482.35 Td (accounting ) Tj ET Q q 0 0 0 rg BT 286.50 482.35 Td (issue ) Tj ET Q q 0 0 0 rg BT 309.94 482.35 Td (may ) Tj ET Q q 0 0 0 rg BT 330.60 482.35 Td (not ) Tj ET Q q 0 0 0 rg BT 346.82 482.35 Td (result ) Tj ET Q q 0 0 0 rg BT 372.47 482.35 Td (in ) Tj ET Q q 0 0 0 rg BT 383.69 482.35 Td (compliance ) Tj ET Q q 0 0 0 rg BT 433.22 482.35 Td (with ) Tj ET Q q 0 0 0 rg BT 454.44 482.35 Td (another ) Tj ET Q q 0 0 0 rg BT 487.87 482.35 Td (regulator) Tj ET Q q 0 0 0 rg BT 524.33 482.35 Td () Tj ET Q q 0 0 0 rg BT 527.11 482.35 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 470.35 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 137.67 470.35 Td (of ) Tj ET Q q 0 0 0 rg BT 148.81 470.35 Td (the ) Tj ET Q q 0 0 0 rg BT 163.83 470.35 Td (same ) Tj ET Q q 0 0 0 rg BT 187.18 470.35 Td (issue, ) Tj ET Q q 0 0 0 rg BT 212.49 470.35 Td (particularly ) Tj ET Q q 0 0 0 rg BT 261.38 470.35 Td (when ) Tj ET Q q 0 0 0 rg BT 285.85 470.35 Td (compliance ) Tj ET Q q 0 0 0 rg BT 334.74 470.35 Td (is ) Tj ET Q q 0 0 0 rg BT 344.22 470.35 Td (judged ) Tj ET Q q 0 0 0 rg BT 374.24 470.35 Td (in ) Tj ET Q q 0 0 0 rg BT 384.82 470.35 Td (hindsight. ) Tj ET Q q 0 0 0 rg BT 426.73 470.35 Td (Any ) Tj ET Q q 0 0 0 rg BT 446.76 470.35 Td (particular ) Tj ET Q q 0 0 0 rg BT 487.88 470.35 Td (regulator) Tj ET Q q 0 0 0 rg BT 524.34 470.35 Td () Tj ET Q q 0 0 0 rg BT 527.12 470.35 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 458.35 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 137.95 458.35 Td (of ) Tj ET Q q 0 0 0 rg BT 149.36 458.35 Td (a ) Tj ET Q q 0 0 0 rg BT 156.88 458.35 Td (legal ) Tj ET Q q 0 0 0 rg BT 179.39 458.35 Td (or ) Tj ET Q q 0 0 0 rg BT 190.80 458.35 Td (accounting ) Tj ET Q q 0 0 0 rg BT 237.75 458.35 Td (issue ) Tj ET Q q 0 0 0 rg BT 260.83 458.35 Td (may ) Tj ET Q q 0 0 0 rg BT 281.13 458.35 Td (change ) Tj ET Q q 0 0 0 rg BT 312.52 458.35 Td (over ) Tj ET Q q 0 0 0 rg BT 333.37 458.35 Td (time ) Tj ET Q q 0 0 0 rg BT 354.23 458.35 Td (to ) Tj ET Q q 0 0 0 rg BT 365.08 458.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 383.61 458.35 Td ( ) Tj ET Q q 0 0 0 rg BT 386.69 458.35 Td (Insurance) Tj ET Q q 0 0 0 rg BT 428.33 458.35 Td (s ) Tj ET Q q 0 0 0 rg BT 435.30 458.35 Td (or ) Tj ET Q q 0 0 0 rg BT 446.71 458.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 465.23 458.35 Td ( ) Tj ET Q q 0 0 0 rg BT 468.31 458.35 Td (NY) Tj ET Q q 0 0 0 rg BT 482.39 458.35 Td ( ) Tj ET Q q 0 0 0 rg BT 485.47 458.35 Td (Insurance) Tj ET Q q 0 0 0 rg BT 527.11 458.35 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 446.35 Td (detriment, ) Tj ET Q q 0 0 0 rg BT 124.67 446.35 Td (or ) Tj ET Q q 0 0 0 rg BT 135.86 446.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 170.92 446.35 Td (to ) Tj ET Q q 0 0 0 rg BT 181.55 446.35 Td (the ) Tj ET Q q 0 0 0 rg BT 196.62 446.35 Td (overall ) Tj ET Q q 0 0 0 rg BT 227.23 446.35 Td (legal ) Tj ET Q q 0 0 0 rg BT 249.52 446.35 Td (or ) Tj ET Q q 0 0 0 rg BT 260.70 446.35 Td (market ) Tj ET Q q 0 0 0 rg BT 291.32 446.35 Td (environment, ) Tj ET Q q 0 0 0 rg BT 347.22 446.35 Td (even ) Tj ET Q q 0 0 0 rg BT 368.95 446.35 Td (absent ) Tj ET Q q 0 0 0 rg BT 397.35 446.35 Td (any ) Tj ET Q q 0 0 0 rg BT 414.64 446.35 Td (change ) Tj ET Q q 0 0 0 rg BT 445.81 446.35 Td (of ) Tj ET Q q 0 0 0 rg BT 456.99 446.35 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 513.71 446.35 Td (by ) Tj ET Q q 0 0 0 rg BT 526.56 446.35 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 434.35 Td (particular ) Tj ET Q q 0 0 0 rg BT 121.45 434.35 Td (regulator) Tj ET Q q 0 0 0 rg BT 157.14 434.35 Td (, ) Tj ET Q q 0 0 0 rg BT 161.78 434.35 Td (may ) Tj ET Q q 0 0 0 rg BT 181.13 434.35 Td (cause ) Tj ET Q q 0 0 0 rg BT 205.47 434.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 223.99 434.35 Td ( ) Tj ET Q q 0 0 0 rg BT 226.13 434.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 267.13 434.35 Td (and ) Tj ET Q q 0 0 0 rg BT 283.71 434.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 302.23 434.35 Td ( ) Tj ET Q q 0 0 0 rg BT 304.36 434.35 Td (NY) Tj ET Q q 0 0 0 rg BT 318.44 434.35 Td ( ) Tj ET Q q 0 0 0 rg BT 320.57 434.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 361.58 434.35 Td (to ) Tj ET Q q 0 0 0 rg BT 371.49 434.35 Td (change ) Tj ET Q q 0 0 0 rg BT 401.94 434.35 Td (their ) Tj ET Q q 0 0 0 rg BT 422.40 434.35 Td (views ) Tj ET Q q 0 0 0 rg BT 447.87 434.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 488.32 434.35 Td (the ) Tj ET Q q 0 0 0 rg BT 502.67 434.35 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 422.35 Td (they ) Tj ET Q q 0 0 0 rg BT 100.59 422.35 Td (need ) Tj ET Q q 0 0 0 rg BT 121.85 422.35 Td (to ) Tj ET Q q 0 0 0 rg BT 132.00 422.35 Td (take ) Tj ET Q q 0 0 0 rg BT 151.04 422.35 Td (from ) Tj ET Q q 0 0 0 rg BT 172.85 422.35 Td (a ) Tj ET Q q 0 0 0 rg BT 179.67 422.35 Td (legal ) Tj ET Q q 0 0 0 rg BT 201.48 422.35 Td (risk ) Tj ET Q q 0 0 0 rg BT 218.85 422.35 Td (management ) Tj ET Q q 0 0 0 rg BT 272.32 422.35 Td (perspective, ) Tj ET Q q 0 0 0 rg BT 322.73 422.35 Td (which ) Tj ET Q q 0 0 0 rg BT 349.54 422.35 Td (could ) Tj ET Q q 0 0 0 rg BT 374.14 422.35 Td (necessitate ) Tj ET Q q 0 0 0 rg BT 419.83 422.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 454.41 422.35 Td (to ) Tj ET Q q 0 0 0 rg BT 464.56 422.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 483.08 422.35 Td ( ) Tj ET Q q 0 0 0 rg BT 485.46 422.35 Td (Insurance) Tj ET Q q 0 0 0 rg BT 527.11 422.35 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 410.35 Td (or ) Tj ET Q q 0 0 0 rg BT 91.83 410.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 110.35 410.35 Td ( ) Tj ET Q q 0 0 0 rg BT 112.85 410.35 Td (NY) Tj ET Q q 0 0 0 rg BT 126.92 410.35 Td ( ) Tj ET Q q 0 0 0 rg BT 129.42 410.35 Td (Insurance) Tj ET Q q 0 0 0 rg BT 171.07 410.35 Td (s ) Tj ET Q q 0 0 0 rg BT 177.46 410.35 Td (practices ) Tj ET Q q 0 0 0 rg BT 215.49 410.35 Td (that ) Tj ET Q q 0 0 0 rg BT 232.99 410.35 Td (may) Tj ET Q q 0 0 0 rg BT 249.55 410.35 Td (, ) Tj ET Q q 0 0 0 rg BT 254.55 410.35 Td (in ) Tj ET Q q 0 0 0 rg BT 264.83 410.35 Td (some ) Tj ET Q q 0 0 0 rg BT 288.44 410.35 Td (cases, ) Tj ET Q q 0 0 0 rg BT 314.54 410.35 Td (limit ) Tj ET Q q 0 0 0 rg BT 335.93 410.35 Td (their ) Tj ET Q q 0 0 0 rg BT 356.76 410.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 384.81 410.35 Td (to ) Tj ET Q q 0 0 0 rg BT 395.09 410.35 Td (grow ) Tj ET Q q 0 0 0 rg BT 418.14 410.35 Td (and ) Tj ET Q q 0 0 0 rg BT 435.08 410.35 Td (improve ) Tj ET Q q 0 0 0 rg BT 470.90 410.35 Td (profitability) Tj ET Q q 0 0 0 rg BT 518.02 410.35 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 389.35 Td (State ) Tj ET Q q 0 0 0 rg BT 128.01 389.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 169.33 389.35 Td (departments ) Tj ET Q q 0 0 0 rg BT 221.22 389.35 Td (conduct ) Tj ET Q q 0 0 0 rg BT 255.88 389.35 Td (periodic ) Tj ET Q q 0 0 0 rg BT 291.66 389.35 Td (examinations ) Tj ET Q q 0 0 0 rg BT 347.99 389.35 Td (of ) Tj ET Q q 0 0 0 rg BT 359.33 389.35 Td (the ) Tj ET Q q 0 0 0 rg BT 374.56 389.35 Td (books ) Tj ET Q q 0 0 0 rg BT 401.47 389.35 Td (and ) Tj ET Q q 0 0 0 rg BT 418.92 389.35 Td (records, ) Tj ET Q q 0 0 0 rg BT 453.86 389.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 491.85 389.35 Td (reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 377.35 Td (policy ) Tj ET Q q 0 0 0 rg BT 108.93 377.35 Td (and ) Tj ET Q q 0 0 0 rg BT 126.31 377.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 144.23 377.35 Td (filings, ) Tj ET Q q 0 0 0 rg BT 175.22 377.35 Td (market ) Tj ET Q q 0 0 0 rg BT 205.92 377.35 Td (conduct ) Tj ET Q q 0 0 0 rg BT 240.51 377.35 Td (and ) Tj ET Q q 0 0 0 rg BT 257.89 377.35 Td (business ) Tj ET Q q 0 0 0 rg BT 294.71 377.35 Td (practices ) Tj ET Q q 0 0 0 rg BT 333.18 377.35 Td (of ) Tj ET Q q 0 0 0 rg BT 344.45 377.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 385.70 377.35 Td (companies ) Tj ET Q q 0 0 0 rg BT 431.40 377.35 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 474.32 377.35 Td (in ) Tj ET Q q 0 0 0 rg BT 485.04 377.35 Td (their ) Tj ET Q q 0 0 0 rg BT 506.30 377.35 Td (states, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 365.35 Td (generally ) Tj ET Q q 0 0 0 rg BT 120.49 365.35 Td (once ) Tj ET Q q 0 0 0 rg BT 141.65 365.35 Td (every ) Tj ET Q q 0 0 0 rg BT 166.15 365.35 Td (three ) Tj ET Q q 0 0 0 rg BT 188.42 365.35 Td (to ) Tj ET Q q 0 0 0 rg BT 198.48 365.35 Td (five ) Tj ET Q q 0 0 0 rg BT 216.32 365.35 Td (years. ) Tj ET Q q 0 0 0 rg BT 242.20 365.35 Td (Examinations ) Tj ET Q q 0 0 0 rg BT 299.48 365.35 Td (are ) Tj ET Q q 0 0 0 rg BT 313.97 365.35 Td (generally ) Tj ET Q q 0 0 0 rg BT 353.46 365.35 Td (carried ) Tj ET Q q 0 0 0 rg BT 383.50 365.35 Td (out ) Tj ET Q q 0 0 0 rg BT 398.57 365.35 Td (in ) Tj ET Q q 0 0 0 rg BT 408.63 365.35 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 458.12 365.35 Td (with ) Tj ET Q q 0 0 0 rg BT 478.19 365.35 Td (the ) Tj ET Q q 0 0 0 rg BT 492.69 365.35 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 353.35 Td (departments ) Tj ET Q q 0 0 0 rg BT 132.01 353.35 Td (of ) Tj ET Q q 0 0 0 rg BT 142.48 353.35 Td (other ) Tj ET Q q 0 0 0 rg BT 165.17 353.35 Td (states ) Tj ET Q q 0 0 0 rg BT 189.52 353.35 Td (under ) Tj ET Q q 0 0 0 rg BT 214.43 353.35 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 257.67 353.35 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 310.35 353.35 Td (by ) Tj ET Q q 0 0 0 rg BT 322.49 353.35 Td (the ) Tj ET Q q 0 0 0 rg BT 336.84 353.35 Td (NAIC. ) Tj ET Q q 0 0 0 rg BT 365.93 353.35 Td (State ) Tj ET Q q 0 0 0 rg BT 388.06 353.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 428.51 353.35 Td (departments ) Tj ET Q q 0 0 0 rg BT 479.53 353.35 Td (also ) Tj ET Q q 0 0 0 rg BT 497.77 353.35 Td (have ) Tj ET Q q 0 0 0 rg BT 518.79 353.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 341.35 Td (authority ) Tj ET Q q 0 0 0 rg BT 120.80 341.35 Td (to ) Tj ET Q q 0 0 0 rg BT 132.28 341.35 Td (conduct ) Tj ET Q q 0 0 0 rg BT 167.63 341.35 Td (examinations ) Tj ET Q q 0 0 0 rg BT 224.65 341.35 Td (of ) Tj ET Q q 0 0 0 rg BT 236.68 341.35 Td (non-domiciliary ) Tj ET Q q 0 0 0 rg BT 304.81 341.35 Td (insurers ) Tj ET Q q 0 0 0 rg BT 340.17 341.35 Td (that ) Tj ET Q q 0 0 0 rg BT 358.86 341.35 Td (are ) Tj ET Q q 0 0 0 rg BT 374.77 341.35 Td (licensed ) Tj ET Q q 0 0 0 rg BT 411.23 341.35 Td (in ) Tj ET Q q 0 0 0 rg BT 422.71 341.35 Td (their ) Tj ET Q q 0 0 0 rg BT 444.73 341.35 Td (states. ) Tj ET Q q 0 0 0 rg BT 472.88 341.35 Td (The ) Tj ET Q q 0 0 0 rg BT 492.12 341.35 Td (Maryland ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 329.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 121.49 329.35 Td (Administration ) Tj ET Q q 0 0 0 rg BT 184.13 329.35 Td (\(MIA\) ) Tj ET Q q 0 0 0 rg BT 221.20 329.35 Td (completed ) Tj ET Q q 0 0 0 rg BT 264.94 329.35 Td (a ) Tj ET Q q 0 0 0 rg BT 271.46 329.35 Td (routine ) Tj ET Q q 0 0 0 rg BT 301.87 329.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 338.94 329.35 Td (examination ) Tj ET Q q 0 0 0 rg BT 390.45 329.35 Td (of ) Tj ET Q q 0 0 0 rg BT 400.87 329.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 419.39 329.35 Td ( ) Tj ET Q q 0 0 0 rg BT 421.48 329.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 462.43 329.35 Td (for ) Tj ET Q q 0 0 0 rg BT 476.18 329.35 Td (the ) Tj ET Q q 0 0 0 rg BT 490.48 329.35 Td (three-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 317.35 Td (period ) Tj ET Q q 0 0 0 rg BT 108.54 317.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 134.41 317.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 192.48 317.35 Td (2012, ) Tj ET Q q 0 0 0 rg BT 216.97 317.35 Td (and ) Tj ET Q q 0 0 0 rg BT 233.40 317.35 Td (found ) Tj ET Q q 0 0 0 rg BT 258.72 317.35 Td (no ) Tj ET Q q 0 0 0 rg BT 270.71 317.35 Td (material ) Tj ET Q q 0 0 0 rg BT 305.46 317.35 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 355.21 317.35 Td (and ) Tj ET Q q 0 0 0 rg BT 371.63 317.35 Td (proposed ) Tj ET Q q 0 0 0 rg BT 410.29 317.35 Td (no ) Tj ET Q q 0 0 0 rg BT 422.28 317.35 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 472.04 317.35 Td (to ) Tj ET Q q 0 0 0 rg BT 481.81 317.35 Td (the ) Tj ET Q q 0 0 0 rg BT 496.02 317.35 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 305.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 125.76 305.35 Td (as ) Tj ET Q q 0 0 0 rg BT 136.64 305.35 Td (filed. ) Tj ET Q q 0 0 0 rg BT 159.83 305.35 Td (The ) Tj ET Q q 0 0 0 rg BT 177.93 305.35 Td (NYDFS ) Tj ET Q q 0 0 0 rg BT 213.27 305.35 Td (completed ) Tj ET Q q 0 0 0 rg BT 257.47 305.35 Td (a ) Tj ET Q q 0 0 0 rg BT 264.46 305.35 Td (routine ) Tj ET Q q 0 0 0 rg BT 295.33 305.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 332.86 305.35 Td (examination ) Tj ET Q q 0 0 0 rg BT 384.84 305.35 Td (of ) Tj ET Q q 0 0 0 rg BT 395.72 305.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 414.24 305.35 Td ( ) Tj ET Q q 0 0 0 rg BT 416.79 305.35 Td (NY) Tj ET Q q 0 0 0 rg BT 430.87 305.35 Td ( ) Tj ET Q q 0 0 0 rg BT 433.42 305.35 Td (for ) Tj ET Q q 0 0 0 rg BT 447.63 305.35 Td (the ) Tj ET Q q 0 0 0 rg BT 462.40 305.35 Td (three-year ) Tj ET Q q 0 0 0 rg BT 505.47 305.35 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 293.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 108.74 293.35 Td (December ) Tj ET Q q 0 0 0 rg BT 153.68 293.35 Td (31, ) Tj ET Q q 0 0 0 rg BT 170.04 293.35 Td (2009, ) Tj ET Q q 0 0 0 rg BT 196.40 293.35 Td (and ) Tj ET Q q 0 0 0 rg BT 214.70 293.35 Td (found ) Tj ET Q q 0 0 0 rg BT 241.89 293.35 Td (no ) Tj ET Q q 0 0 0 rg BT 255.76 293.35 Td (material ) Tj ET Q q 0 0 0 rg BT 292.38 293.35 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 343.98 293.35 Td (and ) Tj ET Q q 0 0 0 rg BT 362.28 293.35 Td (proposed ) Tj ET Q q 0 0 0 rg BT 402.81 293.35 Td (no ) Tj ET Q q 0 0 0 rg BT 416.67 293.35 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 468.30 293.35 Td (to ) Tj ET Q q 0 0 0 rg BT 479.94 293.35 Td (the ) Tj ET Q q 0 0 0 rg BT 496.02 293.35 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 281.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 126.89 281.35 Td (as ) Tj ET Q q 0 0 0 rg BT 138.90 281.35 Td (filed. ) Tj ET Q q 0 0 0 rg BT 163.13 281.35 Td (The ) Tj ET Q q 0 0 0 rg BT 182.36 281.35 Td (NYDFS ) Tj ET Q q 0 0 0 rg BT 218.82 281.35 Td (is ) Tj ET Q q 0 0 0 rg BT 229.17 281.35 Td (in ) Tj ET Q q 0 0 0 rg BT 240.62 281.35 Td (the ) Tj ET Q q 0 0 0 rg BT 256.52 281.35 Td (process ) Tj ET Q q 0 0 0 rg BT 290.18 281.35 Td (of ) Tj ET Q q 0 0 0 rg BT 302.19 281.35 Td (completing ) Tj ET Q q 0 0 0 rg BT 350.86 281.35 Td (a ) Tj ET Q q 0 0 0 rg BT 358.97 281.35 Td (routine ) Tj ET Q q 0 0 0 rg BT 390.97 281.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 429.63 281.35 Td (examination ) Tj ET Q q 0 0 0 rg BT 482.74 281.35 Td (of ) Tj ET Q q 0 0 0 rg BT 494.74 281.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 513.26 281.35 Td ( ) Tj ET Q q 0 0 0 rg BT 516.94 281.35 Td (NY) Tj ET Q q 0 0 0 rg BT 531.01 281.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 269.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 122.37 269.35 Td (for ) Tj ET Q q 0 0 0 rg BT 136.53 269.35 Td (the ) Tj ET Q q 0 0 0 rg BT 151.24 269.35 Td (three-year ) Tj ET Q q 0 0 0 rg BT 194.27 269.35 Td (periods ) Tj ET Q q 0 0 0 rg BT 226.21 269.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 252.58 269.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 311.17 269.35 Td (2012. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 249.85 Td (Additionally) Tj ET Q q 0 0 0 rg BT 154.90 249.85 Td (, ) Tj ET Q q 0 0 0 rg BT 158.93 249.85 Td (the ) Tj ET Q q 0 0 0 rg BT 172.56 249.85 Td (V) Tj ET Q q 0 0 0 rg BT 178.67 249.85 Td (ermont ) Tj ET Q q 0 0 0 rg BT 208.52 249.85 Td (Department ) Tj ET Q q 0 0 0 rg BT 257.24 249.85 Td (of ) Tj ET Q q 0 0 0 rg BT 267.10 249.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 305.83 249.85 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 351.24 249.85 Td (has ) Tj ET Q q 0 0 0 rg BT 366.09 249.85 Td (completed ) Tj ET Q q 0 0 0 rg BT 409.27 249.85 Td (a ) Tj ET Q q 0 0 0 rg BT 415.23 249.85 Td (routine ) Tj ET Q q 0 0 0 rg BT 445.08 249.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 481.58 249.85 Td (examination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 237.85 Td (of ) Tj ET Q q 0 0 0 rg BT 91.49 237.85 Td (Raven ) Tj ET Q q 0 0 0 rg BT 119.20 237.85 Td (Re ) Tj ET Q q 0 0 0 rg BT 132.47 237.85 Td (for ) Tj ET Q q 0 0 0 rg BT 146.29 237.85 Td (the ) Tj ET Q q 0 0 0 rg BT 160.67 237.85 Td (period ) Tj ET Q q 0 0 0 rg BT 188.37 237.85 Td (from ) Tj ET Q q 0 0 0 rg BT 209.50 237.85 Td (April7, ) Tj ET Q q 0 0 0 rg BT 242.76 237.85 Td (201) Tj ET Q q 0 0 0 rg BT 257.39 237.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 264.55 237.85 Td (\(commencement ) Tj ET Q q 0 0 0 rg BT 333.35 237.85 Td (of ) Tj ET Q q 0 0 0 rg BT 343.84 237.85 Td (business\) ) Tj ET Q q 0 0 0 rg BT 383.22 237.85 Td (through ) Tj ET Q q 0 0 0 rg BT 416.49 237.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 474.74 237.85 Td (2012. ) Tj ET Q q 0 0 0 rg BT 499.40 237.85 Td (It ) Tj ET Q q 0 0 0 rg BT 507.67 237.85 Td (found ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 225.85 Td (no ) Tj ET Q q 0 0 0 rg BT 93.50 225.85 Td (material ) Tj ET Q q 0 0 0 rg BT 128.76 225.85 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 179.01 225.85 Td (and ) Tj ET Q q 0 0 0 rg BT 195.95 225.85 Td (proposed ) Tj ET Q q 0 0 0 rg BT 235.11 225.85 Td (no ) Tj ET Q q 0 0 0 rg BT 247.61 225.85 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 297.88 225.85 Td (to ) Tj ET Q q 0 0 0 rg BT 308.16 225.85 Td (the ) Tj ET Q q 0 0 0 rg BT 322.88 225.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 360.36 225.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 405.07 225.85 Td (as ) Tj ET Q q 0 0 0 rg BT 415.90 225.85 Td (filed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 206.35 Td (Going ) Tj ET Q q 0 0 0 rg BT 132.21 206.35 Td (forward, ) Tj ET Q q 0 0 0 rg BT 168.57 206.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 187.09 206.35 Td ( ) Tj ET Q q 0 0 0 rg BT 189.31 206.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 230.39 206.35 Td (will ) Tj ET Q q 0 0 0 rg BT 248.15 206.35 Td (be ) Tj ET Q q 0 0 0 rg BT 259.80 206.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 290.34 206.35 Td (to ) Tj ET Q q 0 0 0 rg BT 300.33 206.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.52 206.35 Td (and ) Tj ET Q q 0 0 0 rg BT 354.17 206.35 Td (market ) Tj ET Q q 0 0 0 rg BT 384.15 206.35 Td (conduct ) Tj ET Q q 0 0 0 rg BT 418.02 206.35 Td (examinations ) Tj ET Q q 0 0 0 rg BT 473.55 206.35 Td (by ) Tj ET Q q 0 0 0 rg BT 485.76 206.35 Td (the ) Tj ET Q q 0 0 0 rg BT 500.19 206.35 Td (IID, ) Tj ET Q q 0 0 0 rg BT 518.78 206.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 194.35 Td (primary ) Tj ET Q q 0 0 0 rg BT 115.16 194.35 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 158.75 194.35 Td (authority ) Tj ET Q q 0 0 0 rg BT 197.35 194.35 Td (for ) Tj ET Q q 0 0 0 rg BT 211.51 194.35 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 234.00 194.35 Td (domestic ) Tj ET Q q 0 0 0 rg BT 272.61 194.35 Td (life ) Tj ET Q q 0 0 0 rg BT 288.43 194.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 329.25 194.35 Td (companies. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 170.85 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 120.72 170.85 Td (and ) Tj ET Q q 0 0 0 rg BT 138.78 170.85 Td (Other ) Tj ET Q q 0 0 0 rg BT 165.17 170.85 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 217.69 170.85 Td (Payment ) Tj ET Q q 0 0 0 rg BT 256.29 170.85 Td (Limitations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 155.35 Td (The ) Tj ET Q q 0 0 0 rg BT 123.91 155.35 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 147.25 155.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 188.93 155.35 Td (law ) Tj ET Q q 0 0 0 rg BT 206.72 155.35 Td (and ) Tj ET Q q 0 0 0 rg BT 224.52 155.35 Td (the ) Tj ET Q q 0 0 0 rg BT 240.10 155.35 Td (New ) Tj ET Q q 0 0 0 rg BT 261.84 155.35 Td (Y) Tj ET Q q 0 0 0 rg BT 268.06 155.35 Td (ork ) Tj ET Q q 0 0 0 rg BT 284.75 155.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 326.42 155.35 Td (law ) Tj ET Q q 0 0 0 rg BT 344.22 155.35 Td (regulate ) Tj ET Q q 0 0 0 rg BT 379.78 155.35 Td (the ) Tj ET Q q 0 0 0 rg BT 395.35 155.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 428.71 155.35 Td (of ) Tj ET Q q 0 0 0 rg BT 440.40 155.35 Td (dividends ) Tj ET Q q 0 0 0 rg BT 482.64 155.35 Td (that ) Tj ET Q q 0 0 0 rg BT 500.99 155.35 Td (may ) Tj ET Q q 0 0 0 rg BT 521.57 155.35 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 143.35 Td (paidin ) Tj ET Q q 0 0 0 rg BT 110.92 143.35 Td (any ) Tj ET Q q 0 0 0 rg BT 127.78 143.35 Td (year ) Tj ET Q q 0 0 0 rg BT 147.41 143.35 Td (by ) Tj ET Q q 0 0 0 rg BT 159.84 143.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 178.36 143.35 Td ( ) Tj ET Q q 0 0 0 rg BT 180.78 143.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 222.07 143.35 Td (and ) Tj ET Q q 0 0 0 rg BT 238.94 143.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 257.46 143.35 Td ( ) Tj ET Q q 0 0 0 rg BT 259.88 143.35 Td (NY) Tj ET Q q 0 0 0 rg BT 273.95 143.35 Td ( ) Tj ET Q q 0 0 0 rg BT 276.38 143.35 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 320.17 143.35 Td (respectively) Tj ET Q q 0 0 0 rg BT 367.83 143.35 Td (. ) Tj ET Q q 0 0 0 rg BT 372.76 143.35 Td (Each ) Tj ET Q q 0 0 0 rg BT 395.17 143.35 Td (year) Tj ET Q q 0 0 0 rg BT 411.97 143.35 Td (, ) Tj ET Q q 0 0 0 rg BT 416.90 143.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 435.42 143.35 Td ( ) Tj ET Q q 0 0 0 rg BT 437.84 143.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 479.13 143.35 Td (and ) Tj ET Q q 0 0 0 rg BT 496.00 143.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 514.52 143.35 Td ( ) Tj ET Q q 0 0 0 rg BT 516.94 143.35 Td (NY) Tj ET Q q 0 0 0 rg BT 531.01 143.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 131.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 122.10 131.35 Td (may ) Tj ET Q q 0 0 0 rg BT 141.54 131.35 Td (pay ) Tj ET Q q 0 0 0 rg BT 158.21 131.35 Td (a ) Tj ET Q q 0 0 0 rg BT 164.88 131.35 Td (certain ) Tj ET Q q 0 0 0 rg BT 194.31 131.35 Td (limited ) Tj ET Q q 0 0 0 rg BT 224.87 131.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 257.09 131.35 Td (of ) Tj ET Q q 0 0 0 rg BT 267.65 131.35 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 303.76 131.35 Td (dividends ) Tj ET Q q 0 0 0 rg BT 344.87 131.35 Td (or ) Tj ET Q q 0 0 0 rg BT 355.43 131.35 Td (other ) Tj ET Q q 0 0 0 rg BT 378.21 131.35 Td (distributions ) Tj ET Q q 0 0 0 rg BT 430.44 131.35 Td (without ) Tj ET Q q 0 0 0 rg BT 463.23 131.35 Td (being ) Tj ET Q q 0 0 0 rg BT 487.67 131.35 Td (required ) Tj ET Q q 0 0 0 rg BT 523.22 131.35 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 119.35 Td (obtain ) Tj ET Q q 0 0 0 rg BT 107.80 119.35 Td (the ) Tj ET Q q 0 0 0 rg BT 121.81 119.35 Td (prior ) Tj ET Q q 0 0 0 rg BT 143.05 119.35 Td (consent ) Tj ET Q q 0 0 0 rg BT 175.40 119.35 Td (of ) Tj ET Q q 0 0 0 rg BT 185.53 119.35 Td (the ) Tj ET Q q 0 0 0 rg BT 199.55 119.35 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 221.34 119.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 262.01 119.35 Td (Commissioner ) Tj ET Q q 0 0 0 rg BT 322.14 119.35 Td (\(Iowa ) Tj ET Q q 0 0 0 rg BT 351.70 119.35 Td (Commissioner\) ) Tj ET Q q 0 0 0 rg BT 419.61 119.35 Td (or ) Tj ET Q q 0 0 0 rg BT 429.74 119.35 Td (the ) Tj ET Q q 0 0 0 rg BT 443.76 119.35 Td (NYDFS, ) Tj ET Q q 0 0 0 rg BT 480.84 119.35 Td (respectively) Tj ET Q q 0 0 0 rg BT 528.51 119.35 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 107.35 Td (However) Tj ET Q q 0 0 0 rg BT 117.25 107.35 Td (, ) Tj ET Q q 0 0 0 rg BT 121.85 107.35 Td (to ) Tj ET Q q 0 0 0 rg BT 131.72 107.35 Td (pay ) Tj ET Q q 0 0 0 rg BT 148.26 107.35 Td (any ) Tj ET Q q 0 0 0 rg BT 164.79 107.35 Td (dividends ) Tj ET Q q 0 0 0 rg BT 205.77 107.35 Td (or ) Tj ET Q q 0 0 0 rg BT 216.20 107.35 Td (distributions ) Tj ET Q q 0 0 0 rg BT 268.30 107.35 Td (\(including ) Tj ET Q q 0 0 0 rg BT 311.50 107.35 Td (the ) Tj ET Q q 0 0 0 rg BT 325.81 107.35 Td (payment ) Tj ET Q q 0 0 0 rg BT 362.34 107.35 Td (of ) Tj ET Q q 0 0 0 rg BT 372.77 107.35 Td (any ) Tj ET Q q 0 0 0 rg BT 389.30 107.35 Td (dividends ) Tj ET Q q 0 0 0 rg BT 430.29 107.35 Td (or ) Tj ET Q q 0 0 0 rg BT 440.71 107.35 Td (distributions ) Tj ET Q q 0 0 0 rg BT 492.81 107.35 Td (for ) Tj ET Q q 0 0 0 rg BT 506.57 107.35 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 95.35 Td (prior ) Tj ET Q q 0 0 0 rg BT 102.95 95.35 Td (consent ) Tj ET Q q 0 0 0 rg BT 136.00 95.35 Td (is ) Tj ET Q q 0 0 0 rg BT 145.18 95.35 Td (not ) Tj ET Q q 0 0 0 rg BT 160.47 95.35 Td (required\), ) Tj ET Q q 0 0 0 rg BT 202.12 95.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 220.64 95.35 Td ( ) Tj ET Q q 0 0 0 rg BT 223.15 95.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 264.53 95.35 Td (and ) Tj ET Q q 0 0 0 rg BT 281.48 95.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 300.00 95.35 Td ( ) Tj ET Q q 0 0 0 rg BT 302.50 95.35 Td (NY) Tj ET Q q 0 0 0 rg BT 316.58 95.35 Td ( ) Tj ET Q q 0 0 0 rg BT 319.09 95.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 360.46 95.35 Td (must ) Tj ET Q q 0 0 0 rg BT 382.42 95.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 415.47 95.35 Td (advance ) Tj ET Q q 0 0 0 rg BT 450.74 95.35 Td (written ) Tj ET Q q 0 0 0 rg BT 481.57 95.35 Td (notice ) Tj ET Q q 0 0 0 rg BT 508.51 95.35 Td (to ) Tj ET Q q 0 0 0 rg BT 518.80 95.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 83.35 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 103.49 83.35 Td (Commissioner ) Tj ET Q q 0 0 0 rg BT 164.33 83.35 Td (or ) Tj ET Q q 0 0 0 rg BT 175.16 83.35 Td (the ) Tj ET Q q 0 0 0 rg BT 189.87 83.35 Td (NYDFS, ) Tj ET Q q 0 0 0 rg BT 227.66 83.35 Td (respectively) Tj ET Q q 0 0 0 rg BT 275.32 83.35 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 63.85 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 143.22 63.85 Td (to ) Tj ET Q q 0 0 0 rg BT 154.22 63.85 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 177.43 63.85 Td (insurance ) Tj ET Q q 0 0 0 rg BT 218.97 63.85 Td (law) Tj ET Q q 0 0 0 rg BT 232.76 63.85 Td (, ) Tj ET Q q 0 0 0 rg BT 238.48 63.85 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 275.58 63.85 Td (dividends ) Tj ET Q q 0 0 0 rg BT 317.69 63.85 Td (are ) Tj ET Q q 0 0 0 rg BT 333.12 63.85 Td (payments, ) Tj ET Q q 0 0 0 rg BT 377.16 63.85 Td (together ) Tj ET Q q 0 0 0 rg BT 413.15 63.85 Td (with ) Tj ET Q q 0 0 0 rg BT 434.15 63.85 Td (all ) Tj ET Q q 0 0 0 rg BT 447.37 63.85 Td (other ) Tj ET Q q 0 0 0 rg BT 471.13 63.85 Td (such ) Tj ET Q q 0 0 0 rg BT 492.69 63.85 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 51.85 Td (within ) Tj ET Q q 0 0 0 rg BT 108.55 51.85 Td (the ) Tj ET Q q 0 0 0 rg BT 122.75 51.85 Td (preceding ) Tj ET Q q 0 0 0 rg BT 164.17 51.85 Td (twelve ) Tj ET Q q 0 0 0 rg BT 192.81 51.85 Td (months, ) Tj ET Q q 0 0 0 rg BT 226.75 51.85 Td (that ) Tj ET Q q 0 0 0 rg BT 243.73 51.85 Td (do ) Tj ET Q q 0 0 0 rg BT 255.72 51.85 Td (not ) Tj ET Q q 0 0 0 rg BT 270.49 51.85 Td (exceed ) Tj ET Q q 0 0 0 rg BT 300.24 51.85 Td (the ) Tj ET Q q 0 0 0 rg BT 314.44 51.85 Td (greater ) Tj ET Q q 0 0 0 rg BT 344.19 51.85 Td (of ) Tj ET Q q 0 0 0 rg BT 354.51 51.85 Td (\(i\)10% ) Tj ET Q q 0 0 0 rg BT 386.76 51.85 Td (of ) Tj ET Q q 0 0 0 rg BT 397.08 51.85 Td (FGL) Tj ET Q q 0 0 0 rg BT 415.60 51.85 Td ( ) Tj ET Q q 0 0 0 rg BT 417.59 51.85 Td (Insurance) Tj ET Q q 0 0 0 rg BT 459.24 51.85 Td (s ) Tj ET Q q 0 0 0 rg BT 465.12 51.85 Td (statutory ) Tj ET Q q 0 0 0 rg BT 502.11 51.85 Td (surplus ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (as ) Tj ET Q q 0 0 0 rg BT 92.56 735.60 Td (regards ) Tj ET Q q 0 0 0 rg BT 125.23 735.60 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 182.89 735.60 Td (as ) Tj ET Q q 0 0 0 rg BT 194.46 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.02 735.60 Td (December31 ) Tj ET Q q 0 0 0 rg BT 262.84 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 274.40 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 289.85 735.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 332.51 735.60 Td (year; ) Tj ET Q q 0 0 0 rg BT 355.73 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 367.30 735.60 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 397.46 735.60 Td (net ) Tj ET Q q 0 0 0 rg BT 412.91 735.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 433.36 735.60 Td (from ) Tj ET Q q 0 0 0 rg BT 456.04 735.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 500.93 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.49 735.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.01 735.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 122.37 723.60 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 167.63 723.60 Td (realized ) Tj ET Q q 0 0 0 rg BT 201.77 723.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 230.92 723.60 Td (gains\) ) Tj ET Q q 0 0 0 rg BT 257.86 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 272.02 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.74 723.60 Td (12-month ) Tj ET Q q 0 0 0 rg BT 328.12 723.60 Td (period ) Tj ET Q q 0 0 0 rg BT 356.17 723.60 Td (ending ) Tj ET Q q 0 0 0 rg BT 385.89 723.60 Td (December31 ) Tj ET Q q 0 0 0 rg BT 441.97 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 452.80 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.52 723.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 509.44 723.60 Td (year) Tj ET Q q 0 0 0 rg BT 526.10 723.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 704.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 149.55 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.77 704.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 190.31 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.08 704.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 220.61 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.05 704.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 265.69 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 273.03 704.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 310.35 704.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 348.78 704.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 385.54 704.10 Td (are ) Tj ET Q q 0 0 0 rg BT 401.19 704.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 436.26 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.49 704.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.26 704.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 516.56 704.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 692.10 Td (require ) Tj ET Q q 0 0 0 rg BT 111.24 692.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 132.60 692.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 169.50 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.75 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.89 692.10 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 215.80 692.10 Td (Commissioner) Tj ET Q q 0 0 0 rg BT 273.59 692.10 Td (. ) Tj ET Q q 0 0 0 rg BT 278.01 692.10 Td (In ) Tj ET Q q 0 0 0 rg BT 288.26 692.10 Td (deciding ) Tj ET Q q 0 0 0 rg BT 324.62 692.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 358.74 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.44 692.10 Td (approve ) Tj ET Q q 0 0 0 rg BT 402.57 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.93 692.10 Td (request ) Tj ET Q q 0 0 0 rg BT 439.73 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.43 692.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 465.79 692.10 Td (an ) Tj ET Q q 0 0 0 rg BT 477.15 692.10 Td (extraordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 680.10 Td (dividend, ) Tj ET Q q 0 0 0 rg BT 121.03 680.10 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 143.56 680.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 184.42 680.10 Td (law ) Tj ET Q q 0 0 0 rg BT 201.39 680.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 236.14 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.89 680.10 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 273.42 680.10 Td (Commissioner ) Tj ET Q q 0 0 0 rg BT 334.29 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.61 680.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 381.02 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.78 680.10 Td (ef) Tj ET Q q 0 0 0 rg BT 403.37 680.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 420.89 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.76 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.51 680.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 484.05 680.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 521.02 680.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 668.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.59 668.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 144.24 668.10 Td (s ) Tj ET Q q 0 0 0 rg BT 151.20 668.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 183.16 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.67 668.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 238.72 668.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 279.56 668.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 319.84 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.34 668.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 372.62 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.91 668.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 425.41 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.81 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.10 668.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 490.17 668.10 Td (will ) Tj ET Q q 0 0 0 rg BT 508.79 668.10 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.83 656.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 143.00 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.08 656.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 168.72 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.80 656.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 200.54 656.10 Td (its ) Tj ET Q q 0 0 0 rg BT 212.29 656.10 Td (required ) Tj ET Q q 0 0 0 rg BT 247.92 656.10 Td (RBC ) Tj ET Q q 0 0 0 rg BT 270.23 656.10 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 293.36 656.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 336.78 656.10 Td (may ) Tj ET Q q 0 0 0 rg BT 356.30 656.10 Td (only ) Tj ET Q q 0 0 0 rg BT 376.39 656.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.13 656.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 407.65 656.10 Td (out ) Tj ET Q q 0 0 0 rg BT 422.74 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.37 656.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 470.67 656.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 499.63 656.10 Td (surplus. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 636.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.78 636.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 142.65 636.60 Td (calendar ) Tj ET Q q 0 0 0 rg BT 178.96 636.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 205.00 636.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 223.52 636.60 Td ( ) Tj ET Q q 0 0 0 rg BT 225.97 636.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 267.28 636.60 Td (has ) Tj ET Q q 0 0 0 rg BT 283.06 636.60 Td (had ) Tj ET Q q 0 0 0 rg BT 299.94 636.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.60 636.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 352.05 636.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 387.80 636.60 Td (and ) Tj ET Q q 0 0 0 rg BT 404.69 636.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 424.35 636.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 465.68 636.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.91 636.60 Td (us ) Tj ET Q q 0 0 0 rg BT 487.25 636.60 Td (as ) Tj ET Q q 0 0 0 rg BT 498.02 636.60 Td (set ) Tj ET Q q 0 0 0 rg BT 511.58 636.60 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 624.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 624.60 Td (this ) Tj ET Q q 0 0 0 rg BT 108.23 624.60 Td (table: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 596.10 257.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 596.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 596.10 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 596.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 596.10 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 596.10 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 596.10 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 596.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 596.10 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 596.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 596.10 34.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 596.1 m 377.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 596.1 m 381.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 596.1 m 415.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 596.1 m 454.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 596.1 m 492.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 596.1 m 530.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 596.1 m 377.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 596.1 m 381.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 596.1 m 415.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 596.1 m 454.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 596.1 m 492.5 596.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 596.1 m 530.5 596.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.50 600.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.00 600.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.00 600.33 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 600.33 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 600.33 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 586.35 Td (FGL Insurance Ordinary Dividend Capacity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 586.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 586.35 Td (124) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.00 586.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 586.35 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.00 586.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 586.35 Td (124) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 586.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 586.35 Td (106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 586.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 586.35 Td (85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 572.35 Td (FGL Insurance Ordinary Dividends Paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 572.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.30 572.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 572.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 572.35 Td (40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 572.35 Td (40) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 549.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 125.06 549.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 162.33 549.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.50 549.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 215.23 549.10 Td (by ) Tj ET Q q 0 0 0 rg BT 228.07 549.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 246.59 549.10 Td ( ) Tj ET Q q 0 0 0 rg BT 249.43 549.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 291.14 549.10 Td (is ) Tj ET Q q 0 0 0 rg BT 300.64 549.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 331.81 549.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.43 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.48 549.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 401.42 549.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 448.69 549.10 Td (described ) Tj ET Q q 0 0 0 rg BT 489.84 549.10 Td (above ) Tj ET Q q 0 0 0 rg BT 516.56 549.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.06 537.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 133.88 537.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.05 537.10 Td (such ) Tj ET Q q 0 0 0 rg BT 166.23 537.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 203.50 537.10 Td (by ) Tj ET Q q 0 0 0 rg BT 216.34 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.40 537.10 Td (board ) Tj ET Q q 0 0 0 rg BT 257.01 537.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.18 537.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 306.00 537.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.18 537.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 335.70 537.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.54 537.10 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 382.75 537.10 Td (which ) Tj ET Q q 0 0 0 rg BT 410.02 537.10 Td (must ) Tj ET Q q 0 0 0 rg BT 432.31 537.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 469.03 537.10 Td (various ) Tj ET Q q 0 0 0 rg BT 501.31 537.10 Td (factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 525.10 Td (including ) Tj ET Q q 0 0 0 rg BT 120.64 525.10 Td (general ) Tj ET Q q 0 0 0 rg BT 151.94 525.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 192.68 525.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.99 525.10 Td (business ) Tj ET Q q 0 0 0 rg BT 244.75 525.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 290.79 525.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 304.87 525.10 Td (considerations, ) Tj ET Q q 0 0 0 rg BT 367.01 525.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 385.53 525.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.40 525.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 429.04 525.10 Td (s ) Tj ET Q q 0 0 0 rg BT 434.80 525.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 470.55 525.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 496.02 525.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 513.10 Td (results ) Tj ET Q q 0 0 0 rg BT 110.26 513.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.85 513.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 171.27 513.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 189.79 513.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.94 513.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 234.59 513.10 Td (s ) Tj ET Q q 0 0 0 rg BT 241.63 513.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 285.33 513.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 312.09 513.10 Td (any ) Tj ET Q q 0 0 0 rg BT 329.68 513.10 Td (contractual, ) Tj ET Q q 0 0 0 rg BT 379.75 513.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 402.33 513.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.81 513.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 458.06 513.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 505.64 513.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.79 513.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 501.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 116.99 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.88 501.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 167.32 501.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.32 501.10 Td (its ) Tj ET Q q 0 0 0 rg BT 194.32 501.10 Td (ef) Tj ET Q q 0 0 0 rg BT 201.91 501.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 218.45 501.10 Td (on ) Tj ET Q q 0 0 0 rg BT 230.01 501.10 Td (RBC ) Tj ET Q q 0 0 0 rg BT 251.57 501.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.57 501.10 Td (such ) Tj ET Q q 0 0 0 rg BT 287.46 501.10 Td (other ) Tj ET Q q 0 0 0 rg BT 309.56 501.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 338.32 501.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.10 501.10 Td (board ) Tj ET Q q 0 0 0 rg BT 376.42 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.31 501.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 422.85 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.74 501.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 451.26 501.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.81 501.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 493.24 501.10 Td (considers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 489.10 Td (relevant. ) Tj ET Q q 0 0 0 rg BT 117.59 489.10 Td (For ) Tj ET Q q 0 0 0 rg BT 133.37 489.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 171.62 489.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 211.84 489.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.05 489.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 262.83 489.10 Td (could ) Tj ET Q q 0 0 0 rg BT 286.93 489.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 315.46 489.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 333.98 489.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.87 489.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 377.51 489.10 Td (s ) Tj ET Q q 0 0 0 rg BT 383.29 489.10 Td (RBC ) Tj ET Q q 0 0 0 rg BT 405.19 489.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.51 489.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 458.38 489.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 498.04 489.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.36 489.10 Td (lead ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.07 477.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.80 477.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 140.86 477.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.93 477.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 170.45 477.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.75 477.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 215.39 477.10 Td (s ) Tj ET Q q 0 0 0 rg BT 222.58 477.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.85 477.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 296.36 477.10 Td (rating. ) Tj ET Q q 0 0 0 rg BT 325.48 477.10 Td (See ) Tj ET Q q 0 0 0 rg BT 343.21 477.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 369.27 477.10 Td (1A. ) Tj ET Q q 0 0 0 rg BT 387.28 477.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 408.92 477.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 467.21 477.10 Td (Relating ) Tj ET Q q 0 0 0 rg BT 504.39 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.46 477.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 465.10 Td (Business-A) Tj ET Q q 0 0 0 rg BT 126.56 465.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.55 465.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.51 465.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 202.72 465.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 232.92 465.10 Td (downgrade, ) Tj ET Q q 0 0 0 rg BT 282.83 465.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 320.81 465.10 Td (downgrade, ) Tj ET Q q 0 0 0 rg BT 370.72 465.10 Td (or ) Tj ET Q q 0 0 0 rg BT 382.04 465.10 Td (any ) Tj ET Q q 0 0 0 rg BT 399.46 465.10 Td (other ) Tj ET Q q 0 0 0 rg BT 423.00 465.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 459.85 465.10 Td (action ) Tj ET Q q 0 0 0 rg BT 487.27 465.10 Td (by ) Tj ET Q q 0 0 0 rg BT 500.26 465.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.68 465.10 Td (rating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 453.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 111.97 453.10 Td (could ) Tj ET Q q 0 0 0 rg BT 136.84 453.10 Td (make ) Tj ET Q q 0 0 0 rg BT 161.15 453.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.13 453.10 Td (products ) Tj ET Q q 0 0 0 rg BT 214.22 453.10 Td (less ) Tj ET Q q 0 0 0 rg BT 231.87 453.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 271.72 453.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.81 453.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 324.22 453.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.20 453.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 358.97 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.95 453.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 401.75 453.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.84 453.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 451.48 453.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 492.45 453.10 Td (af) Tj ET Q q 0 0 0 rg BT 500.04 453.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 517.68 453.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 441.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.48 441.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 158.75 441.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.69 441.10 Td (results ) Tj ET Q q 0 0 0 rg BT 204.30 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.13 441.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 421.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 123.52 421.60 Td ( ) Tj ET Q q 0 0 0 rg BT 126.35 421.60 Td (NY) Tj ET Q q 0 0 0 rg BT 140.42 421.60 Td ( ) Tj ET Q q 0 0 0 rg BT 143.25 421.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 184.95 421.60 Td (has ) Tj ET Q q 0 0 0 rg BT 201.11 421.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 248.94 421.60 Td (not ) Tj ET Q q 0 0 0 rg BT 264.54 421.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 284.59 421.60 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 328.81 421.60 Td (In ) Tj ET Q q 0 0 0 rg BT 339.97 421.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 365.30 421.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 383.82 421.60 Td ( ) Tj ET Q q 0 0 0 rg BT 386.65 421.60 Td (NY) Tj ET Q q 0 0 0 rg BT 400.73 421.60 Td ( ) Tj ET Q q 0 0 0 rg BT 403.56 421.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 445.26 421.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 465.30 421.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.57 421.60 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.57 421.60 Td ( ) Tj ET Q q 0 0 0 rg BT 485.40 421.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 523.23 421.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 409.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 409.60 Td ( ) Tj ET Q q 0 0 0 rg BT 101.45 409.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 142.24 409.60 Td (after ) Tj ET Q q 0 0 0 rg BT 162.48 409.60 Td (a ) Tj ET Q q 0 0 0 rg BT 168.85 409.60 Td (determination ) Tj ET Q q 0 0 0 rg BT 226.31 409.60 Td (that, ) Tj ET Q q 0 0 0 rg BT 245.73 409.60 Td (as ) Tj ET Q q 0 0 0 rg BT 255.99 409.60 Td (a ) Tj ET Q q 0 0 0 rg BT 262.35 409.60 Td (result ) Tj ET Q q 0 0 0 rg BT 286.50 409.60 Td (of ) Tj ET Q q 0 0 0 rg BT 296.75 409.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.33 409.60 Td (contributions ) Tj ET Q q 0 0 0 rg BT 380.03 409.60 Td (by ) Tj ET Q q 0 0 0 rg BT 391.95 409.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 410.48 409.60 Td ( ) Tj ET Q q 0 0 0 rg BT 412.40 409.60 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 455.69 409.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 474.22 409.60 Td ( ) Tj ET Q q 0 0 0 rg BT 476.14 409.60 Td (NY) Tj ET Q q 0 0 0 rg BT 490.21 409.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.14 409.60 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 397.60 Td (was ) Tj ET Q q 0 0 0 rg BT 99.05 397.60 Td (overcapitalized. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 374.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.25 374.10 Td (Surplus ) Tj ET Q q 0 0 0 rg BT 116.00 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.06 374.10 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 358.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 123.52 358.60 Td ( ) Tj ET Q q 0 0 0 rg BT 126.10 358.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 167.55 358.60 Td (and ) Tj ET Q q 0 0 0 rg BT 184.58 358.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 203.10 358.60 Td ( ) Tj ET Q q 0 0 0 rg BT 205.68 358.60 Td (NY) Tj ET Q q 0 0 0 rg BT 219.75 358.60 Td ( ) Tj ET Q q 0 0 0 rg BT 222.33 358.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 263.78 358.60 Td (are ) Tj ET Q q 0 0 0 rg BT 278.57 358.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 309.48 358.60 Td (to ) Tj ET Q q 0 0 0 rg BT 319.84 358.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.64 358.60 Td (supervision ) Tj ET Q q 0 0 0 rg BT 383.33 358.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.25 358.60 Td (the ) Tj ET Q q 0 0 0 rg BT 409.05 358.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 451.62 358.60 Td (in ) Tj ET Q q 0 0 0 rg BT 461.98 358.60 Td (states ) Tj ET Q q 0 0 0 rg BT 486.78 358.60 Td (where ) Tj ET Q q 0 0 0 rg BT 513.79 358.60 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 346.60 Td (are ) Tj ET Q q 0 0 0 rg BT 94.55 346.60 Td (licensed ) Tj ET Q q 0 0 0 rg BT 128.65 346.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.77 346.60 Td (transact ) Tj ET Q q 0 0 0 rg BT 170.20 346.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 207.93 346.60 Td (Regulators ) Tj ET Q q 0 0 0 rg BT 252.60 346.60 Td (have ) Tj ET Q q 0 0 0 rg BT 272.81 346.60 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 326.35 346.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 363.80 346.60 Td (in ) Tj ET Q q 0 0 0 rg BT 372.91 346.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 418.13 346.60 Td (with ) Tj ET Q q 0 0 0 rg BT 437.24 346.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.80 346.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 494.91 346.60 Td (licensing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 334.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.74 334.60 Td (these ) Tj ET Q q 0 0 0 rg BT 114.70 334.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 146.00 334.60 Td (to ) Tj ET Q q 0 0 0 rg BT 156.19 334.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 177.50 334.60 Td (or ) Tj ET Q q 0 0 0 rg BT 188.24 334.60 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 222.32 334.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 244.17 334.60 Td (to ) Tj ET Q q 0 0 0 rg BT 254.36 334.60 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 311.21 334.60 Td (if, ) Tj ET Q q 0 0 0 rg BT 322.23 334.60 Td (in ) Tj ET Q q 0 0 0 rg BT 332.42 334.60 Td (their ) Tj ET Q q 0 0 0 rg BT 353.16 334.60 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 395.85 334.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.48 334.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 452.88 334.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 495.27 334.60 Td (that ) Tj ET Q q 0 0 0 rg BT 512.68 334.60 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 322.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 113.19 322.60 Td (have ) Tj ET Q q 0 0 0 rg BT 135.37 322.60 Td (not ) Tj ET Q q 0 0 0 rg BT 151.46 322.60 Td (maintained ) Tj ET Q q 0 0 0 rg BT 199.19 322.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.72 322.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 256.92 322.60 Td (surplus ) Tj ET Q q 0 0 0 rg BT 289.12 322.60 Td (or ) Tj ET Q q 0 0 0 rg BT 300.75 322.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 330.71 322.60 Td (or ) Tj ET Q q 0 0 0 rg BT 342.35 322.60 Td (that ) Tj ET Q q 0 0 0 rg BT 360.65 322.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.17 322.60 Td (further ) Tj ET Q q 0 0 0 rg BT 406.69 322.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 453.87 322.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.50 322.60 Td (business ) Tj ET Q q 0 0 0 rg BT 502.70 322.60 Td (will ) Tj ET Q q 0 0 0 rg BT 521.57 322.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 310.60 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 124.04 310.60 Td (to ) Tj ET Q q 0 0 0 rg BT 134.32 310.60 Td (policyholders. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 285.10 Td (Risk-Based ) Tj ET Q q 0 0 0 rg BT 130.17 285.10 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 268.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.72 268.60 Td (order ) Tj ET Q q 0 0 0 rg BT 139.20 268.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.37 268.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 184.51 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.11 268.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 242.04 268.60 Td (of ) Tj ET Q q 0 0 0 rg BT 252.76 268.60 Td (insurers) Tj ET Q q 0 0 0 rg BT 287.00 268.60 Td ( ) Tj ET Q q 0 0 0 rg BT 289.39 268.60 Td (solvency) Tj ET Q q 0 0 0 rg BT 324.29 268.60 Td (, ) Tj ET Q q 0 0 0 rg BT 329.18 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 343.78 268.60 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 370.61 268.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 404.65 268.60 Td (a ) Tj ET Q q 0 0 0 rg BT 411.48 268.60 Td (model ) Tj ET Q q 0 0 0 rg BT 438.86 268.60 Td (law ) Tj ET Q q 0 0 0 rg BT 455.68 268.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.85 268.60 Td (implement ) Tj ET Q q 0 0 0 rg BT 511.00 268.60 Td (RBC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 256.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 135.77 256.60 Td (for ) Tj ET Q q 0 0 0 rg BT 149.99 256.60 Td (life, ) Tj ET Q q 0 0 0 rg BT 168.39 256.60 Td (health ) Tj ET Q q 0 0 0 rg BT 195.38 256.60 Td (and ) Tj ET Q q 0 0 0 rg BT 212.39 256.60 Td (property ) Tj ET Q q 0 0 0 rg BT 248.83 256.60 Td (and ) Tj ET Q q 0 0 0 rg BT 265.84 256.60 Td (casualty ) Tj ET Q q 0 0 0 rg BT 301.17 256.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 342.05 256.60 Td (companies. ) Tj ET Q q 0 0 0 rg BT 389.31 256.60 Td (All ) Tj ET Q q 0 0 0 rg BT 404.65 256.60 Td (states ) Tj ET Q q 0 0 0 rg BT 429.44 256.60 Td (have ) Tj ET Q q 0 0 0 rg BT 450.88 256.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 485.10 256.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.88 256.60 Td (NAIC) Tj ET Q q 0 0 0 rg BT 527.11 256.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 244.60 Td (model ) Tj ET Q q 0 0 0 rg BT 108.46 244.60 Td (law ) Tj ET Q q 0 0 0 rg BT 125.37 244.60 Td (or ) Tj ET Q q 0 0 0 rg BT 136.16 244.60 Td (a ) Tj ET Q q 0 0 0 rg BT 143.07 244.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 196.08 244.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 226.32 244.60 Td (law) Tj ET Q q 0 0 0 rg BT 240.11 244.60 Td (. ) Tj ET Q q 0 0 0 rg BT 245.08 244.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 267.55 244.60 Td (is ) Tj ET Q q 0 0 0 rg BT 276.69 244.60 Td (used ) Tj ET Q q 0 0 0 rg BT 297.48 244.60 Td (to ) Tj ET Q q 0 0 0 rg BT 307.73 244.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 343.50 244.60 Td (the ) Tj ET Q q 0 0 0 rg BT 358.19 244.60 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 398.41 244.60 Td (of ) Tj ET Q q 0 0 0 rg BT 409.20 244.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 438.32 244.60 Td (and ) Tj ET Q q 0 0 0 rg BT 455.22 244.60 Td (surplus ) Tj ET Q q 0 0 0 rg BT 486.58 244.60 Td (maintained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 232.60 Td (by ) Tj ET Q q 0 0 0 rg BT 92.88 232.60 Td (an ) Tj ET Q q 0 0 0 rg BT 104.21 232.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 144.41 232.60 Td (company ) Tj ET Q q 0 0 0 rg BT 182.94 232.60 Td (in ) Tj ET Q q 0 0 0 rg BT 192.61 232.60 Td (relation ) Tj ET Q q 0 0 0 rg BT 225.03 232.60 Td (to ) Tj ET Q q 0 0 0 rg BT 234.69 232.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 255.47 232.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 298.45 232.60 Td (with: ) Tj ET Q q 0 0 0 rg BT 320.89 232.60 Td (\(i\)asset ) Tj ET Q q 0 0 0 rg BT 354.15 232.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 373.53 232.60 Td (\(ii\)insurance ) Tj ET Q q 0 0 0 rg BT 428.45 232.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 447.83 232.60 Td (\(iii\)interest ) Tj ET Q q 0 0 0 rg BT 496.64 232.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 513.51 232.60 Td (risk, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 220.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.50 220.60 Td (\(iv\)business ) Tj ET Q q 0 0 0 rg BT 152.39 220.60 Td (risk. ) Tj ET Q q 0 0 0 rg BT 172.96 220.60 Td (In ) Tj ET Q q 0 0 0 rg BT 184.35 220.60 Td (general, ) Tj ET Q q 0 0 0 rg BT 219.34 220.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 242.41 220.60 Td (is ) Tj ET Q q 0 0 0 rg BT 252.14 220.60 Td (calculated ) Tj ET Q q 0 0 0 rg BT 295.73 220.60 Td (by ) Tj ET Q q 0 0 0 rg BT 308.80 220.60 Td (applying ) Tj ET Q q 0 0 0 rg BT 346.85 220.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 377.12 220.60 Td (to ) Tj ET Q q 0 0 0 rg BT 387.97 220.60 Td (various ) Tj ET Q q 0 0 0 rg BT 420.47 220.60 Td (asset, ) Tj ET Q q 0 0 0 rg BT 445.47 220.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 484.64 220.60 Td (and ) Tj ET Q q 0 0 0 rg BT 502.14 220.60 Td (reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 208.60 Td (items, ) Tj ET Q q 0 0 0 rg BT 108.37 208.60 Td (taking ) Tj ET Q q 0 0 0 rg BT 136.57 208.60 Td (into ) Tj ET Q q 0 0 0 rg BT 155.33 208.60 Td (account ) Tj ET Q q 0 0 0 rg BT 189.63 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 205.06 208.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 223.26 208.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 283.65 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.19 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.61 208.60 Td (insurer) Tj ET Q q 0 0 0 rg BT 337.83 208.60 Td (. ) Tj ET Q q 0 0 0 rg BT 343.30 208.60 Td (W) Tj ET Q q 0 0 0 rg BT 352.34 208.60 Td (ithin ) Tj ET Q q 0 0 0 rg BT 373.88 208.60 Td (a ) Tj ET Q q 0 0 0 rg BT 381.53 208.60 Td (given ) Tj ET Q q 0 0 0 rg BT 406.95 208.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 425.15 208.60 Td (category) Tj ET Q q 0 0 0 rg BT 458.93 208.60 Td (, ) Tj ET Q q 0 0 0 rg BT 464.63 208.60 Td (these ) Tj ET Q q 0 0 0 rg BT 488.39 208.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 518.80 208.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 196.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 110.02 196.60 Td (for ) Tj ET Q q 0 0 0 rg BT 125.14 196.60 Td (those ) Tj ET Q q 0 0 0 rg BT 149.72 196.60 Td (items ) Tj ET Q q 0 0 0 rg BT 174.85 196.60 Td (with ) Tj ET Q q 0 0 0 rg BT 196.10 196.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 227.32 196.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 274.12 196.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 292.58 196.60 Td (and ) Tj ET Q q 0 0 0 rg BT 310.49 196.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 336.73 196.60 Td (for ) Tj ET Q q 0 0 0 rg BT 351.86 196.60 Td (items ) Tj ET Q q 0 0 0 rg BT 376.99 196.60 Td (with ) Tj ET Q q 0 0 0 rg BT 398.24 196.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 424.47 196.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 471.27 196.60 Td (risk. ) Tj ET Q q 0 0 0 rg BT 491.98 196.60 Td (The ) Tj ET Q q 0 0 0 rg BT 511.00 196.60 Td (RBC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 184.60 Td (formula ) Tj ET Q q 0 0 0 rg BT 113.98 184.60 Td (is ) Tj ET Q q 0 0 0 rg BT 121.98 184.60 Td (used ) Tj ET Q q 0 0 0 rg BT 141.64 184.60 Td (as ) Tj ET Q q 0 0 0 rg BT 151.30 184.60 Td (an ) Tj ET Q q 0 0 0 rg BT 162.06 184.60 Td (early ) Tj ET Q q 0 0 0 rg BT 183.38 184.60 Td (warning ) Tj ET Q q 0 0 0 rg BT 217.47 184.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 259.90 184.60 Td (tool ) Tj ET Q q 0 0 0 rg BT 276.78 184.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.89 184.60 Td (identify ) Tj ET Q q 0 0 0 rg BT 318.32 184.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 352.43 184.60 Td (inadequately ) Tj ET Q q 0 0 0 rg BT 404.84 184.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 449.48 184.60 Td (insurers ) Tj ET Q q 0 0 0 rg BT 482.46 184.60 Td (for ) Tj ET Q q 0 0 0 rg BT 495.45 184.60 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 172.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.17 172.60 Td (initiating ) Tj ET Q q 0 0 0 rg BT 129.11 172.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 172.04 172.60 Td (action, ) Tj ET Q q 0 0 0 rg BT 200.81 172.60 Td (and ) Tj ET Q q 0 0 0 rg BT 217.08 172.60 Td (not ) Tj ET Q q 0 0 0 rg BT 231.69 172.60 Td (as ) Tj ET Q q 0 0 0 rg BT 241.86 172.60 Td (a ) Tj ET Q q 0 0 0 rg BT 248.13 172.60 Td (means ) Tj ET Q q 0 0 0 rg BT 275.51 172.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.13 172.60 Td (rank ) Tj ET Q q 0 0 0 rg BT 304.73 172.60 Td (insurers ) Tj ET Q q 0 0 0 rg BT 338.22 172.60 Td (generally) Tj ET Q q 0 0 0 rg BT 374.78 172.60 Td (. ) Tj ET Q q 0 0 0 rg BT 379.11 172.60 Td (Insurers ) Tj ET Q q 0 0 0 rg BT 413.16 172.60 Td (that ) Tj ET Q q 0 0 0 rg BT 429.99 172.60 Td (have ) Tj ET Q q 0 0 0 rg BT 450.70 172.60 Td (less ) Tj ET Q q 0 0 0 rg BT 467.54 172.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 504.37 172.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 160.60 Td (than ) Tj ET Q q 0 0 0 rg BT 100.58 160.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.16 160.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 137.53 160.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 183.76 160.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 218.33 160.60 Td (are ) Tj ET Q q 0 0 0 rg BT 232.90 160.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 278.58 160.60 Td (to ) Tj ET Q q 0 0 0 rg BT 288.72 160.60 Td (have ) Tj ET Q q 0 0 0 rg BT 309.96 160.60 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 355.64 160.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 384.65 160.60 Td (and ) Tj ET Q q 0 0 0 rg BT 401.45 160.60 Td (are ) Tj ET Q q 0 0 0 rg BT 416.02 160.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 446.71 160.60 Td (to ) Tj ET Q q 0 0 0 rg BT 456.85 160.60 Td (varying ) Tj ET Q q 0 0 0 rg BT 489.76 160.60 Td (degrees ) Tj ET Q q 0 0 0 rg BT 522.67 160.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 148.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 124.42 148.60 Td (action ) Tj ET Q q 0 0 0 rg BT 151.17 148.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 195.15 148.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 217.47 148.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.01 148.60 Td (level ) Tj ET Q q 0 0 0 rg BT 253.76 148.60 Td (of ) Tj ET Q q 0 0 0 rg BT 264.42 148.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 293.39 148.60 Td (inadequacy) Tj ET Q q 0 0 0 rg BT 338.27 148.60 Td (. ) Tj ET Q q 0 0 0 rg BT 342.58 148.60 Td (As ) Tj ET Q q 0 0 0 rg BT 356.02 148.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.67 148.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.21 148.60 Td (most ) Tj ET Q q 0 0 0 rg BT 402.98 148.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 429.72 148.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 458.70 148.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 496.02 148.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 136.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 124.84 136.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 144.79 136.60 Td (with ) Tj ET Q q 0 0 0 rg BT 164.19 136.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 204.13 136.60 Td (regulators, ) Tj ET Q q 0 0 0 rg BT 248.24 136.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.08 136.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 283.72 136.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 307.56 136.60 Td (for ) Tj ET Q q 0 0 0 rg BT 320.84 136.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 339.37 136.60 Td ( ) Tj ET Q q 0 0 0 rg BT 340.99 136.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 381.48 136.60 Td (and ) Tj ET Q q 0 0 0 rg BT 397.55 136.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 416.07 136.60 Td ( ) Tj ET Q q 0 0 0 rg BT 417.69 136.60 Td (NY) Tj ET Q q 0 0 0 rg BT 431.76 136.60 Td ( ) Tj ET Q q 0 0 0 rg BT 433.39 136.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 473.88 136.60 Td (each ) Tj ET Q q 0 0 0 rg BT 493.82 136.60 Td (exceeded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 124.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 124.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 137.11 124.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 159.62 124.60 Td (requirements. ) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 735.60 Td (Nevertheless, ) Tj ET Q q 0 0 0 rg BT 160.01 735.60 Td (it ) Tj ET Q q 0 0 0 rg BT 167.92 735.60 Td (may ) Tj ET Q q 0 0 0 rg BT 187.50 735.60 Td (be ) Tj ET Q q 0 0 0 rg BT 199.30 735.60 Td (desirable ) Tj ET Q q 0 0 0 rg BT 237.75 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 247.89 735.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 285.24 735.60 Td (an ) Tj ET Q q 0 0 0 rg BT 297.04 735.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 319.41 735.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 340.09 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 350.23 735.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 378.69 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.38 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.96 735.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 445.21 735.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 499.77 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 509.91 735.60 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.37 723.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 128.96 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 139.88 723.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 175.80 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 191.73 723.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 229.30 723.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 264.11 723.60 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 296.42 723.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 314.57 723.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 354.37 723.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 376.98 723.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 401.79 723.60 Td (are ) Tj ET Q q 0 0 0 rg BT 416.59 723.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 457.50 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 467.87 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.68 723.60 Td (table ) Tj ET Q q 0 0 0 rg BT 504.71 723.60 Td (below) Tj ET Q q 0 0 0 rg BT 528.50 723.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (See ) Tj ET Q q 0 0 0 rg BT 98.95 711.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 125.22 711.60 Td (1A. ) Tj ET Q q 0 0 0 rg BT 143.46 711.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 165.31 711.60 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 223.82 711.60 Td (Relating ) Tj ET Q q 0 0 0 rg BT 261.21 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 272.50 711.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 291.56 711.60 Td (Business-A) Tj ET Q q 0 0 0 rg BT 337.12 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 340.63 711.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.13 711.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 414.85 711.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 445.58 711.60 Td (downgrade, ) Tj ET Q q 0 0 0 rg BT 496.02 711.60 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (downgrade, ) Tj ET Q q 0 0 0 rg BT 130.58 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 141.56 699.60 Td (any ) Tj ET Q q 0 0 0 rg BT 158.65 699.60 Td (other ) Tj ET Q q 0 0 0 rg BT 181.85 699.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 218.37 699.60 Td (action ) Tj ET Q q 0 0 0 rg BT 245.46 699.60 Td (by ) Tj ET Q q 0 0 0 rg BT 258.11 699.60 Td (a ) Tj ET Q q 0 0 0 rg BT 265.20 699.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 291.18 699.60 Td (agency ) Tj ET Q q 0 0 0 rg BT 322.14 699.60 Td (could ) Tj ET Q q 0 0 0 rg BT 347.01 699.60 Td (make ) Tj ET Q q 0 0 0 rg BT 371.32 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 387.30 699.60 Td (product ) Tj ET Q q 0 0 0 rg BT 420.50 699.60 Td (of) Tj ET Q q 0 0 0 rg BT 428.65 699.60 Td (ferings ) Tj ET Q q 0 0 0 rg BT 459.07 699.60 Td (less ) Tj ET Q q 0 0 0 rg BT 476.72 699.60 Td (attractive ) Tj ET Q q 0 0 0 rg BT 516.57 699.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 116.25 687.60 Td (our ) Tj ET Q q 0 0 0 rg BT 132.08 687.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 150.69 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 161.52 687.60 Td (capital, ) Tj ET Q q 0 0 0 rg BT 193.17 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.11 687.60 Td (thereby ) Tj ET Q q 0 0 0 rg BT 242.60 687.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 283.41 687.60 Td (af) Tj ET Q q 0 0 0 rg BT 291.00 687.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 308.49 687.60 Td (our ) Tj ET Q q 0 0 0 rg BT 324.32 687.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.80 687.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 402.07 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 419.01 687.60 Td (results ) Tj ET Q q 0 0 0 rg BT 447.62 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 458.45 687.60 Td (operations. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 658.10 381.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 658.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 658.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 631.10 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 631.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 631.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 603.10 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 603.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 603.10 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 658.1 m 531.5 658.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 662.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.70 662.33 Td (RBC Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.25 662.33 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 649.33 Td (As of:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 649.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 635.35 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 635.35 Td (401) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 635.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 621.35 Td (December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 621.35 Td (388) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 621.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 607.35 Td (December 31, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 607.35 Td (423) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 607.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 593.35 Td (December31, 2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 593.35 Td (406) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 593.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 564.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 125.74 564.10 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 173.79 564.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 226.86 564.10 Td (System ) Tj ET Q q 0 0 0 rg BT 258.25 564.10 Td (T) Tj ET Q q 0 0 0 rg BT 263.44 564.10 Td (ests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 547.60 Td (The ) Tj ET Q q 0 0 0 rg BT 124.84 547.60 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 153.58 547.60 Td (has ) Tj ET Q q 0 0 0 rg BT 171.21 547.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 216.60 547.60 Td (a ) Tj ET Q q 0 0 0 rg BT 225.33 547.60 Td (set ) Tj ET Q q 0 0 0 rg BT 240.74 547.60 Td (of ) Tj ET Q q 0 0 0 rg BT 253.37 547.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.64 547.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 348.04 547.60 Td (or ) Tj ET Q q 0 0 0 rg BT 360.67 547.60 Td (tests ) Tj ET Q q 0 0 0 rg BT 382.74 547.60 Td (known ) Tj ET Q q 0 0 0 rg BT 414.26 547.60 Td (as ) Tj ET Q q 0 0 0 rg BT 426.89 547.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.40 547.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 486.56 547.60 Td (Regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 535.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 132.31 535.60 Td (System ) Tj ET Q q 0 0 0 rg BT 165.31 535.60 Td (\("IRIS"\) ) Tj ET Q q 0 0 0 rg BT 202.58 535.60 Td (to ) Tj ET Q q 0 0 0 rg BT 213.91 535.60 Td (assist ) Tj ET Q q 0 0 0 rg BT 239.13 535.60 Td (state ) Tj ET Q q 0 0 0 rg BT 261.00 535.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 304.54 535.60 Td (in ) Tj ET Q q 0 0 0 rg BT 315.86 535.60 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 363.86 535.60 Td (the ) Tj ET Q q 0 0 0 rg BT 379.62 535.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 418.15 535.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 459.48 535.60 Td (of ) Tj ET Q q 0 0 0 rg BT 471.36 535.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 492.69 535.60 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 523.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 126.32 523.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.31 523.60 Td (identifying ) Tj ET Q q 0 0 0 rg BT 189.75 523.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 235.07 523.60 Td (that ) Tj ET Q q 0 0 0 rg BT 252.62 523.60 Td (require ) Tj ET Q q 0 0 0 rg BT 283.49 523.60 Td (special ) Tj ET Q q 0 0 0 rg BT 313.81 523.60 Td (attention ) Tj ET Q q 0 0 0 rg BT 351.35 523.60 Td (or ) Tj ET Q q 0 0 0 rg BT 362.24 523.60 Td (action ) Tj ET Q q 0 0 0 rg BT 389.23 523.60 Td (by ) Tj ET Q q 0 0 0 rg BT 401.78 523.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 442.65 523.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 486.30 523.60 Td (authorities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 511.60 Td (A) Tj ET Q q 0 0 0 rg BT 87.67 511.60 Td ( ) Tj ET Q q 0 0 0 rg BT 90.51 511.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 111.68 511.60 Td (falling ) Tj ET Q q 0 0 0 rg BT 140.63 511.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 172.36 511.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.42 511.60 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 231.91 511.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 260.30 511.60 Td (range ) Tj ET Q q 0 0 0 rg BT 289.79 511.60 Td (is ) Tj ET Q q 0 0 0 rg BT 299.30 511.60 Td (not ) Tj ET Q q 0 0 0 rg BT 314.92 511.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 361.08 511.60 Td (a ) Tj ET Q q 0 0 0 rg BT 368.36 511.60 Td (failing ) Tj ET Q q 0 0 0 rg BT 397.31 511.60 Td (result. ) Tj ET Q q 0 0 0 rg BT 424.87 511.60 Td (Rather) Tj ET Q q 0 0 0 rg BT 451.12 511.60 Td (, ) Tj ET Q q 0 0 0 rg BT 456.47 511.60 Td (unusual ) Tj ET Q q 0 0 0 rg BT 490.42 511.60 Td (values ) Tj ET Q q 0 0 0 rg BT 518.81 511.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 499.60 Td (viewed ) Tj ET Q q 0 0 0 rg BT 112.78 499.60 Td (as ) Tj ET Q q 0 0 0 rg BT 124.02 499.60 Td (part ) Tj ET Q q 0 0 0 rg BT 142.48 499.60 Td (of ) Tj ET Q q 0 0 0 rg BT 153.71 499.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.84 499.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 212.84 499.60 Td (early ) Tj ET Q q 0 0 0 rg BT 235.73 499.60 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 283.08 499.60 Td (system. ) Tj ET Q q 0 0 0 rg BT 316.27 499.60 Td (In ) Tj ET Q q 0 0 0 rg BT 327.51 499.60 Td (many ) Tj ET Q q 0 0 0 rg BT 352.63 499.60 Td (cases, ) Tj ET Q q 0 0 0 rg BT 379.14 499.60 Td (it ) Tj ET Q q 0 0 0 rg BT 387.60 499.60 Td (is ) Tj ET Q q 0 0 0 rg BT 397.18 499.60 Td (not ) Tj ET Q q 0 0 0 rg BT 412.87 499.60 Td (unusual ) Tj ET Q q 0 0 0 rg BT 446.88 499.60 Td (for ) Tj ET Q q 0 0 0 rg BT 461.45 499.60 Td (financially ) Tj ET Q q 0 0 0 rg BT 507.12 499.60 Td (sound ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 487.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 125.95 487.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.91 487.60 Td (have ) Tj ET Q q 0 0 0 rg BT 156.97 487.60 Td (one ) Tj ET Q q 0 0 0 rg BT 173.59 487.60 Td (or ) Tj ET Q q 0 0 0 rg BT 184.10 487.60 Td (more ) Tj ET Q q 0 0 0 rg BT 206.83 487.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 231.23 487.60 Td (that ) Tj ET Q q 0 0 0 rg BT 248.41 487.60 Td (fall ) Tj ET Q q 0 0 0 rg BT 263.92 487.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 294.98 487.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.38 487.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 332.67 487.60 Td (range. ) Tj ET Q q 0 0 0 rg BT 359.56 487.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 400.61 487.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 445.56 487.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 484.95 487.60 Td (submit ) Tj ET Q q 0 0 0 rg BT 514.35 487.60 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 475.60 Td (annually ) Tj ET Q q 0 0 0 rg BT 118.45 475.60 Td (to ) Tj ET Q q 0 0 0 rg BT 129.24 475.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.47 475.60 Td (NAIC, ) Tj ET Q q 0 0 0 rg BT 174.43 475.60 Td (which ) Tj ET Q q 0 0 0 rg BT 201.89 475.60 Td (in ) Tj ET Q q 0 0 0 rg BT 212.68 475.60 Td (turn ) Tj ET Q q 0 0 0 rg BT 231.80 475.60 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 269.24 475.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.47 475.60 Td (data ) Tj ET Q q 0 0 0 rg BT 304.14 475.60 Td (using ) Tj ET Q q 0 0 0 rg BT 328.83 475.60 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 373.49 475.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.49 475.60 Td (data ) Tj ET Q q 0 0 0 rg BT 431.16 475.60 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 458.89 475.60 Td (each ) Tj ET Q q 0 0 0 rg BT 480.22 475.60 Td (with ) Tj ET Q q 0 0 0 rg BT 501.01 475.60 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 463.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 109.41 463.60 Td (ranges. ) Tj ET Q q 0 0 0 rg BT 145.31 463.60 Td (Generally) Tj ET Q q 0 0 0 rg BT 184.08 463.60 Td (, ) Tj ET Q q 0 0 0 rg BT 189.44 463.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 232.29 463.60 Td (will ) Tj ET Q q 0 0 0 rg BT 250.71 463.60 Td (begin ) Tj ET Q q 0 0 0 rg BT 275.79 463.60 Td (to ) Tj ET Q q 0 0 0 rg BT 286.42 463.60 Td (investigate ) Tj ET Q q 0 0 0 rg BT 332.61 463.60 Td (or ) Tj ET Q q 0 0 0 rg BT 343.80 463.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 378.32 463.60 Td (an ) Tj ET Q q 0 0 0 rg BT 390.62 463.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 431.80 463.60 Td (company ) Tj ET Q q 0 0 0 rg BT 471.32 463.60 Td (if ) Tj ET Q q 0 0 0 rg BT 480.29 463.60 Td (its ) Tj ET Q q 0 0 0 rg BT 492.60 463.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 517.67 463.60 Td (fall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 451.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 112.38 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.09 451.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 150.69 451.60 Td (ranges ) Tj ET Q q 0 0 0 rg BT 179.28 451.60 Td (for ) Tj ET Q q 0 0 0 rg BT 193.43 451.60 Td (four ) Tj ET Q q 0 0 0 rg BT 212.59 451.60 Td (or ) Tj ET Q q 0 0 0 rg BT 223.41 451.60 Td (more ) Tj ET Q q 0 0 0 rg BT 246.45 451.60 Td (of ) Tj ET Q q 0 0 0 rg BT 257.27 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.98 451.60 Td (ratios. ) Tj ET Q q 0 0 0 rg BT 299.19 451.60 Td (IRIS ) Tj ET Q q 0 0 0 rg BT 320.58 451.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 354.74 451.60 Td (of ) Tj ET Q q 0 0 0 rg BT 365.56 451.60 Td (a ) Tj ET Q q 0 0 0 rg BT 372.49 451.60 Td (statistical ) Tj ET Q q 0 0 0 rg BT 412.75 451.60 Td (phase ) Tj ET Q q 0 0 0 rg BT 438.01 451.60 Td (and ) Tj ET Q q 0 0 0 rg BT 454.95 451.60 Td (an ) Tj ET Q q 0 0 0 rg BT 466.88 451.60 Td (analytical ) Tj ET Q q 0 0 0 rg BT 508.24 451.60 Td (phase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 439.60 Td (whereby ) Tj ET Q q 0 0 0 rg BT 117.54 439.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.63 439.60 Td (examiners ) Tj ET Q q 0 0 0 rg BT 197.84 439.60 Td (review ) Tj ET Q q 0 0 0 rg BT 227.15 439.60 Td (insurers) Tj ET Q q 0 0 0 rg BT 261.40 439.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.51 439.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 292.28 439.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 336.60 439.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.15 439.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 390.24 439.60 Td (ratios. ) Tj ET Q q 0 0 0 rg BT 416.92 439.60 Td (The ) Tj ET Q q 0 0 0 rg BT 434.57 439.60 Td (statistical ) Tj ET Q q 0 0 0 rg BT 474.45 439.60 Td (phase ) Tj ET Q q 0 0 0 rg BT 499.33 439.60 Td (consists ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 427.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.85 427.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 104.37 427.60 Td (key ) Tj ET Q q 0 0 0 rg BT 121.33 427.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.84 427.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 183.58 427.60 Td (based ) Tj ET Q q 0 0 0 rg BT 208.87 427.60 Td (on ) Tj ET Q q 0 0 0 rg BT 221.39 427.60 Td (year) Tj ET Q q 0 0 0 rg BT 238.40 427.60 Td (-end ) Tj ET Q q 0 0 0 rg BT 258.69 427.60 Td (data ) Tj ET Q q 0 0 0 rg BT 277.86 427.60 Td (that ) Tj ET Q q 0 0 0 rg BT 295.38 427.60 Td (are ) Tj ET Q q 0 0 0 rg BT 310.11 427.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 351.49 427.60 Td (from ) Tj ET Q q 0 0 0 rg BT 373.45 427.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.19 427.60 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 415.16 427.60 Td (database ) Tj ET Q q 0 0 0 rg BT 452.10 427.60 Td (annually; ) Tj ET Q q 0 0 0 rg BT 491.84 427.60 Td (each ) Tj ET Q q 0 0 0 rg BT 512.67 427.60 Td (ratio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 415.60 Td (has ) Tj ET Q q 0 0 0 rg BT 96.82 415.60 Td (a ) Tj ET Q q 0 0 0 rg BT 103.75 415.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 131.79 415.60 Td (range ) Tj ET Q q 0 0 0 rg BT 160.93 415.60 Td (of ) Tj ET Q q 0 0 0 rg BT 171.75 415.60 Td (results. ) Tj ET Q q 0 0 0 rg BT 202.31 415.60 Td (As ) Tj ET Q q 0 0 0 rg BT 215.91 415.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.73 415.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 285.31 415.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 310.30 415.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 328.82 415.60 Td ( ) Tj ET Q q 0 0 0 rg BT 331.32 415.60 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 375.18 415.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 393.70 415.60 Td ( ) Tj ET Q q 0 0 0 rg BT 396.19 415.60 Td (NY) Tj ET Q q 0 0 0 rg BT 410.26 415.60 Td ( ) Tj ET Q q 0 0 0 rg BT 412.75 415.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 454.11 415.60 Td (and ) Tj ET Q q 0 0 0 rg BT 471.05 415.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 499.08 415.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 512.69 415.60 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 403.60 Td (had ) Tj ET Q q 0 0 0 rg BT 98.59 403.60 Td (two ) Tj ET Q q 0 0 0 rg BT 116.74 403.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 142.11 403.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 174.15 403.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.52 403.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 213.78 403.60 Td (range. ) Tj ET Q q 0 0 0 rg BT 241.64 403.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 260.16 403.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.31 403.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 305.33 403.60 Td (and ) Tj ET Q q 0 0 0 rg BT 322.92 403.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 351.62 403.60 Td (Re's ) Tj ET Q q 0 0 0 rg BT 371.57 403.60 Td (IRIS ) Tj ET Q q 0 0 0 rg BT 393.61 403.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 415.09 403.60 Td (for ) Tj ET Q q 0 0 0 rg BT 429.90 403.60 Td (change ) Tj ET Q q 0 0 0 rg BT 461.37 403.60 Td (in ) Tj ET Q q 0 0 0 rg BT 472.30 403.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 515.45 403.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 391.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 112.68 391.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.69 391.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 151.59 391.60 Td (range. ) Tj ET Q q 0 0 0 rg BT 179.09 391.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 197.61 391.60 Td ( ) Tj ET Q q 0 0 0 rg BT 200.40 391.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 242.06 391.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.30 391.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 277.82 391.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.61 391.60 Td (NY) Tj ET Q q 0 0 0 rg BT 294.68 391.60 Td ( ) Tj ET Q q 0 0 0 rg BT 297.47 391.60 Td (Insurance's ) Tj ET Q q 0 0 0 rg BT 344.83 391.60 Td (IRIS ) Tj ET Q q 0 0 0 rg BT 366.51 391.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 387.63 391.60 Td (for ) Tj ET Q q 0 0 0 rg BT 402.08 391.60 Td (change ) Tj ET Q q 0 0 0 rg BT 433.19 391.60 Td (in ) Tj ET Q q 0 0 0 rg BT 443.76 391.60 Td (reserving ) Tj ET Q q 0 0 0 rg BT 483.76 391.60 Td (was ) Tj ET Q q 0 0 0 rg BT 502.11 391.60 Td (outside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 379.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.65 379.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 119.20 379.60 Td (range. ) Tj ET Q q 0 0 0 rg BT 146.34 379.60 Td (In ) Tj ET Q q 0 0 0 rg BT 157.11 379.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 194.82 379.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 213.34 379.60 Td ( ) Tj ET Q q 0 0 0 rg BT 215.78 379.60 Td (NY) Tj ET Q q 0 0 0 rg BT 229.85 379.60 Td ( ) Tj ET Q q 0 0 0 rg BT 232.28 379.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 273.59 379.60 Td (and ) Tj ET Q q 0 0 0 rg BT 290.46 379.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 318.45 379.60 Td (Re) Tj ET Q q 0 0 0 rg BT 332.33 379.60 Td (s ) Tj ET Q q 0 0 0 rg BT 338.66 379.60 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 378.85 379.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.62 379.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 435.94 379.60 Td (income ) Tj ET Q q 0 0 0 rg BT 467.81 379.60 Td (also ) Tj ET Q q 0 0 0 rg BT 486.35 379.60 Td (fell ) Tj ET Q q 0 0 0 rg BT 502.11 379.60 Td (outside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 367.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 367.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.55 367.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 130.16 367.60 Td (range.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 346.60 Td (In ) Tj ET Q q 0 0 0 rg BT 116.06 346.60 Td (all ) Tj ET Q q 0 0 0 rg BT 128.78 346.60 Td (instances ) Tj ET Q q 0 0 0 rg BT 168.16 346.60 Td (in ) Tj ET Q q 0 0 0 rg BT 178.67 346.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 200.83 346.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 227.16 346.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 269.87 346.60 Td (have ) Tj ET Q q 0 0 0 rg BT 291.47 346.60 Td (been ) Tj ET Q q 0 0 0 rg BT 313.08 346.60 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 349.13 346.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 371.86 346.60 Td (follow-up ) Tj ET Q q 0 0 0 rg BT 414.02 346.60 Td (that ) Tj ET Q q 0 0 0 rg BT 431.75 346.60 Td (no ) Tj ET Q q 0 0 0 rg BT 444.47 346.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 488.29 346.60 Td (action ) Tj ET Q q 0 0 0 rg BT 515.45 346.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 334.60 Td (required. ) Tj ET Q q 0 0 0 rg BT 120.08 334.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 138.60 334.60 Td ( ) Tj ET Q q 0 0 0 rg BT 141.87 334.60 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 186.51 334.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 205.03 334.60 Td ( ) Tj ET Q q 0 0 0 rg BT 208.30 334.60 Td (NY) Tj ET Q q 0 0 0 rg BT 222.37 334.60 Td ( ) Tj ET Q q 0 0 0 rg BT 225.64 334.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 267.78 334.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.48 334.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 314.30 334.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 328.68 334.60 Td (are ) Tj ET Q q 0 0 0 rg BT 344.15 334.60 Td (not ) Tj ET Q q 0 0 0 rg BT 360.20 334.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 399.56 334.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 431.16 334.60 Td (to ) Tj ET Q q 0 0 0 rg BT 442.21 334.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 486.57 334.60 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 322.60 Td (based ) Tj ET Q q 0 0 0 rg BT 106.27 322.60 Td (on ) Tj ET Q q 0 0 0 rg BT 118.77 322.60 Td (these ) Tj ET Q q 0 0 0 rg BT 141.82 322.60 Td (ratios. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 301.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 125.74 301.60 Td (Reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 285.10 Td (State ) Tj ET Q q 0 0 0 rg BT 126.90 285.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 167.11 285.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 187.34 285.10 Td (require ) Tj ET Q q 0 0 0 rg BT 217.56 285.10 Td (insurers ) Tj ET Q q 0 0 0 rg BT 251.12 285.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.80 285.10 Td (analyze ) Tj ET Q q 0 0 0 rg BT 293.23 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.35 285.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 347.01 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.24 285.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 394.26 285.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.71 285.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 454.14 285.10 Td (appointed ) Tj ET Q q 0 0 0 rg BT 495.47 285.10 Td (actuaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.10 Td (for ) Tj ET Q q 0 0 0 rg BT 95.37 273.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 113.89 273.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.60 273.10 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 160.68 273.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 179.20 273.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.91 273.10 Td (NY) Tj ET Q q 0 0 0 rg BT 195.99 273.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.70 273.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 240.28 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.43 273.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 285.68 273.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 299.50 273.10 Td (must ) Tj ET Q q 0 0 0 rg BT 321.66 273.10 Td (each ) Tj ET Q q 0 0 0 rg BT 342.69 273.10 Td (submit ) Tj ET Q q 0 0 0 rg BT 372.63 273.10 Td (an ) Tj ET Q q 0 0 0 rg BT 384.78 273.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 418.05 273.10 Td (on ) Tj ET Q q 0 0 0 rg BT 430.76 273.10 Td (an ) Tj ET Q q 0 0 0 rg BT 442.91 273.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 472.27 273.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 494.99 273.10 Td (that ) Tj ET Q q 0 0 0 rg BT 512.69 273.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 123.24 261.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 160.21 261.10 Td (when ) Tj ET Q q 0 0 0 rg BT 183.59 261.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 228.61 261.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.10 261.10 Td (light ) Tj ET Q q 0 0 0 rg BT 258.15 261.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.19 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.12 261.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 324.36 261.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.40 261.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 367.92 261.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.64 261.10 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 412.71 261.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 431.23 261.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.95 261.10 Td (NY) Tj ET Q q 0 0 0 rg BT 447.02 261.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.73 261.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 489.31 261.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.46 261.10 Td (Raven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 249.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 93.70 249.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 113.07 249.10 Td (with ) Tj ET Q q 0 0 0 rg BT 132.43 249.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 162.34 249.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.71 249.10 Td (those ) Tj ET Q q 0 0 0 rg BT 194.40 249.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 231.25 249.10 Td (make ) Tj ET Q q 0 0 0 rg BT 254.50 249.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 291.62 249.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 330.99 249.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.23 249.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.04 249.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 404.05 249.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 450.08 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.11 249.10 Td (related ) Tj ET Q q 0 0 0 rg BT 494.90 249.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.39 237.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 109.91 237.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.97 237.10 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 155.40 237.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 173.92 237.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.98 237.10 Td (NY) Tj ET Q q 0 0 0 rg BT 190.05 237.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.11 237.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 233.04 237.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.54 237.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 277.15 237.10 Td (Re. ) Tj ET Q q 0 0 0 rg BT 292.82 237.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 311.34 237.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.40 237.10 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 356.83 237.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 375.35 237.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.41 237.10 Td (NY) Tj ET Q q 0 0 0 rg BT 391.48 237.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.54 237.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 434.47 237.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.97 237.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 478.57 237.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 491.74 237.10 Td (have ) Tj ET Q q 0 0 0 rg BT 512.68 237.10 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 225.10 Td (all ) Tj ET Q q 0 0 0 rg BT 93.50 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.33 225.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.04 225.10 Td (required ) Tj ET Q q 0 0 0 rg BT 154.86 225.10 Td (opinions ) Tj ET Q q 0 0 0 rg BT 191.81 225.10 Td (with ) Tj ET Q q 0 0 0 rg BT 212.08 225.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.80 225.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 267.62 225.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 318.99 225.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.27 225.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.98 225.10 Td (states ) Tj ET Q q 0 0 0 rg BT 368.70 225.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.98 225.10 Td (which ) Tj ET Q q 0 0 0 rg BT 405.92 225.10 Td (they ) Tj ET Q q 0 0 0 rg BT 425.63 225.10 Td (do ) Tj ET Q q 0 0 0 rg BT 438.13 225.10 Td (business. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 199.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 109.06 199.60 Td (for ) Tj ET Q q 0 0 0 rg BT 123.78 199.60 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 178.51 199.60 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 183.10 Td (States ) Tj ET Q q 0 0 0 rg BT 131.37 183.10 Td (regulate ) Tj ET Q q 0 0 0 rg BT 166.06 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.77 183.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 207.69 183.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.95 183.10 Td (which ) Tj ET Q q 0 0 0 rg BT 244.88 183.10 Td (insurers ) Tj ET Q q 0 0 0 rg BT 279.02 183.10 Td (are ) Tj ET Q q 0 0 0 rg BT 293.72 183.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 334.52 183.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.79 183.10 Td (take ) Tj ET Q q 0 0 0 rg BT 363.93 183.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 389.18 183.10 Td (on ) Tj ET Q q 0 0 0 rg BT 401.67 183.10 Td (their ) Tj ET Q q 0 0 0 rg BT 422.48 183.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 459.95 183.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 504.65 183.10 Td (for ) Tj ET Q q 0 0 0 rg BT 518.79 183.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 171.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.55 171.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 165.57 171.10 Td (that ) Tj ET Q q 0 0 0 rg BT 183.14 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.93 171.10 Td (insurers ) Tj ET Q q 0 0 0 rg BT 232.16 171.10 Td (cede ) Tj ET Q q 0 0 0 rg BT 253.05 171.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.40 171.10 Td (reinsurers. ) Tj ET Q q 0 0 0 rg BT 307.72 171.10 Td (Where ) Tj ET Q q 0 0 0 rg BT 336.94 171.10 Td (an ) Tj ET Q q 0 0 0 rg BT 348.95 171.10 Td (insurer ) Tj ET Q q 0 0 0 rg BT 379.29 171.10 Td (cedes ) Tj ET Q q 0 0 0 rg BT 404.07 171.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 451.09 171.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.44 171.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.45 171.10 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 506.56 171.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 159.10 Td (is ) Tj ET Q q 0 0 0 rg BT 89.61 159.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 119.31 159.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 154.01 159.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 169.28 159.10 Td (accredited ) Tj ET Q q 0 0 0 rg BT 212.30 159.10 Td (by ) Tj ET Q q 0 0 0 rg BT 224.24 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.39 159.10 Td (state ) Tj ET Q q 0 0 0 rg BT 258.66 159.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 298.91 159.10 Td (department, ) Tj ET Q q 0 0 0 rg BT 348.33 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.48 159.10 Td (ceding ) Tj ET Q q 0 0 0 rg BT 391.08 159.10 Td (insurer ) Tj ET Q q 0 0 0 rg BT 420.79 159.10 Td (is ) Tj ET Q q 0 0 0 rg BT 429.39 159.10 Td (not ) Tj ET Q q 0 0 0 rg BT 444.11 159.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 484.37 159.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.09 159.10 Td (take ) Tj ET Q q 0 0 0 rg BT 512.68 159.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 147.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.62 147.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 159.58 147.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 184.99 147.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 212.63 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.48 147.10 Td (unlicensed ) Tj ET Q q 0 0 0 rg BT 272.89 147.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.86 147.10 Td (unaccredited ) Tj ET Q q 0 0 0 rg BT 337.58 147.10 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 375.76 147.10 Td (secures ) Tj ET Q q 0 0 0 rg BT 407.83 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.68 147.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 462.54 147.10 Td (it ) Tj ET Q q 0 0 0 rg BT 470.74 147.10 Td (will ) Tj ET Q q 0 0 0 rg BT 488.94 147.10 Td (owe ) Tj ET Q q 0 0 0 rg BT 508.24 147.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.88 135.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 142.62 135.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 178.99 135.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 205.64 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.52 135.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 239.51 135.10 Td (regulating ) Tj ET Q q 0 0 0 rg BT 281.71 135.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 306.14 135.10 Td (for ) Tj ET Q q 0 0 0 rg BT 319.46 135.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 367.21 135.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 393.87 135.10 Td (by ) Tj ET Q q 0 0 0 rg BT 405.53 135.10 Td (such ) Tj ET Q q 0 0 0 rg BT 425.52 135.10 Td (unlicensed ) Tj ET Q q 0 0 0 rg BT 469.95 135.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.94 135.10 Td (unaccredited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 123.10 Td (reinsurers, ) Tj ET Q q 0 0 0 rg BT 126.13 123.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.55 123.10 Td (permissible ) Tj ET Q q 0 0 0 rg BT 190.86 123.10 Td (means ) Tj ET Q q 0 0 0 rg BT 219.61 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.14 123.10 Td (securing ) Tj ET Q q 0 0 0 rg BT 268.22 123.10 Td (such ) Tj ET Q q 0 0 0 rg BT 289.75 123.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 330.17 123.10 Td (are ) Tj ET Q q 0 0 0 rg BT 345.58 123.10 Td (\(i\)the ) Tj ET Q q 0 0 0 rg BT 372.94 123.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 431.14 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.67 123.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.31 123.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 471.29 123.10 Td (account ) Tj ET Q q 0 0 0 rg BT 505.59 123.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.79 123.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 111.10 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 118.72 111.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.68 111.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 148.64 111.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 178.03 111.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 221.31 111.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 246.83 111.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.79 111.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.41 111.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 301.13 111.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 321.10 111.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 358.26 111.10 Td (institution, ) Tj ET Q q 0 0 0 rg BT 403.50 111.10 Td (such ) Tj ET Q q 0 0 0 rg BT 424.02 111.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.53 111.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.15 111.10 Td (member ) Tj ET Q q 0 0 0 rg BT 476.10 111.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.61 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.01 111.10 Td (Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 99.10 Td (Reserve, ) Tj ET Q q 0 0 0 rg BT 118.08 99.10 Td (with ) Tj ET Q q 0 0 0 rg BT 138.24 99.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.84 99.10 Td (ceding ) Tj ET Q q 0 0 0 rg BT 181.87 99.10 Td (insurer ) Tj ET Q q 0 0 0 rg BT 212.02 99.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.72 99.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.32 99.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 277.46 99.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 324.81 99.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.52 99.10 Td (such ) Tj ET Q q 0 0 0 rg BT 356.22 99.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 376.38 99.10 Td (account ) Tj ET Q q 0 0 0 rg BT 409.85 99.10 Td (with ) Tj ET Q q 0 0 0 rg BT 430.01 99.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.60 99.10 Td (unconditional ) Tj ET Q q 0 0 0 rg BT 501.97 99.10 Td (right ) Tj ET Q q 0 0 0 rg BT 523.24 99.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 87.10 Td (demand, ) Tj ET Q q 0 0 0 rg BT 117.91 87.10 Td (without ) Tj ET Q q 0 0 0 rg BT 151.21 87.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 178.40 87.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.93 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.89 87.10 Td (reinsurer) Tj ET Q q 0 0 0 rg BT 239.03 87.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.28 87.10 Td (that ) Tj ET Q q 0 0 0 rg BT 262.03 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.99 87.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 306.40 87.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 323.59 87.10 Td (over ) Tj ET Q q 0 0 0 rg BT 344.11 87.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.64 87.10 Td (it ) Tj ET Q q 0 0 0 rg BT 362.94 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.91 87.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 403.99 87.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.52 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.49 87.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 450.02 87.10 Td (account ) Tj ET Q q 0 0 0 rg BT 483.86 87.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 508.27 87.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.79 87.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 75.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 120.59 75.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 144.63 75.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.01 75.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.61 75.10 Td (reinsurer; ) Tj ET Q q 0 0 0 rg BT 212.30 75.10 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 241.61 75.10 Td (posting ) Tj ET Q q 0 0 0 rg BT 273.44 75.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.14 75.10 Td (an ) Tj ET Q q 0 0 0 rg BT 295.96 75.10 Td (unconditional ) Tj ET Q q 0 0 0 rg BT 353.33 75.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.15 75.10 Td (irrevocable ) Tj ET Q q 0 0 0 rg BT 417.49 75.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 440.41 75.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.12 75.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 476.26 75.10 Td (by ) Tj ET Q q 0 0 0 rg BT 488.64 75.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.46 75.10 Td (qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 63.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 101.26 63.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 138.71 63.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 181.75 63.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.01 63.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 215.58 63.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.39 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.08 63.10 Td (ceding ) Tj ET Q q 0 0 0 rg BT 270.21 63.10 Td (company ) Tj ET Q q 0 0 0 rg BT 309.34 63.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 346.81 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.50 63.10 Td (ceding ) Tj ET Q q 0 0 0 rg BT 390.63 63.10 Td (company ) Tj ET Q q 0 0 0 rg BT 429.76 63.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.02 63.10 Td (draw ) Tj ET Q q 0 0 0 rg BT 462.48 63.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 484.96 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.65 63.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 522.67 63.10 Td (of ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 105.95 735.60 Td (up ) Tj ET Q q 0 0 0 rg BT 118.13 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 128.09 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 142.50 735.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 174.67 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.19 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.59 735.60 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 228.99 735.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 268.39 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 278.91 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.31 735.60 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 331.03 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.65 735.60 Td (\(iii\)a ) Tj ET Q q 0 0 0 rg BT 371.77 735.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 400.61 735.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 442.23 735.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 494.38 735.60 Td (by ) Tj ET Q q 0 0 0 rg BT 506.57 735.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.60 723.60 Td (ceding ) Tj ET Q q 0 0 0 rg BT 124.64 723.60 Td (company ) Tj ET Q q 0 0 0 rg BT 163.68 723.60 Td (withholds ) Tj ET Q q 0 0 0 rg BT 205.51 723.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 238.43 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 248.60 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.20 723.60 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 301.12 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 311.83 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.43 723.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 361.58 723.60 Td (which ) Tj ET Q q 0 0 0 rg BT 388.40 723.60 Td (support ) Tj ET Q q 0 0 0 rg BT 420.78 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 435.39 723.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 474.99 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 485.15 723.60 Td (be ) Tj ET Q q 0 0 0 rg BT 496.97 723.60 Td (owed ) Tj ET Q q 0 0 0 rg BT 521.02 723.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.24 711.60 Td (reinsurer) Tj ET Q q 0 0 0 rg BT 131.38 711.60 Td (, ) Tj ET Q q 0 0 0 rg BT 136.90 711.60 Td (with ) Tj ET Q q 0 0 0 rg BT 157.70 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.94 711.60 Td (ceding ) Tj ET Q q 0 0 0 rg BT 202.62 711.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 233.41 711.60 Td (retaining ) Tj ET Q q 0 0 0 rg BT 271.97 711.60 Td (title ) Tj ET Q q 0 0 0 rg BT 290.55 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.35 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 318.81 711.60 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 359.59 711.60 Td (control ) Tj ET Q q 0 0 0 rg BT 390.94 711.60 Td (over ) Tj ET Q q 0 0 0 rg BT 411.73 711.60 Td (such ) Tj ET Q q 0 0 0 rg BT 433.08 711.60 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 471.37 711.60 Td (In ) Tj ET Q q 0 0 0 rg BT 482.72 711.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 521.01 711.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (January ) Tj ET Q q 0 0 0 rg BT 114.72 699.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 124.84 699.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 149.96 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 164.79 699.60 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 191.86 699.60 Td (Model ) Tj ET Q q 0 0 0 rg BT 220.58 699.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 248.20 699.60 Td (for ) Tj ET Q q 0 0 0 rg BT 262.48 699.60 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 313.94 699.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 331.00 699.60 Td (became ) Tj ET Q q 0 0 0 rg BT 364.15 699.60 Td (ef) Tj ET Q q 0 0 0 rg BT 371.74 699.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 401.56 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 411.96 699.60 Td (Iowa, ) Tj ET Q q 0 0 0 rg BT 437.07 699.60 Td (which ) Tj ET Q q 0 0 0 rg BT 464.13 699.60 Td (adds ) Tj ET Q q 0 0 0 rg BT 485.08 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.92 699.60 Td (concept ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.66 687.60 Td (certified ) Tj ET Q q 0 0 0 rg BT 131.74 687.60 Td (reinsurer, ) Tj ET Q q 0 0 0 rg BT 176.54 687.60 Td (whereby ) Tj ET Q q 0 0 0 rg BT 213.30 687.60 Td (a ) Tj ET Q q 0 0 0 rg BT 220.07 687.60 Td (ceding ) Tj ET Q q 0 0 0 rg BT 249.05 687.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 279.15 687.60 Td (may ) Tj ET Q q 0 0 0 rg BT 298.70 687.60 Td (take ) Tj ET Q q 0 0 0 rg BT 317.68 687.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.99 687.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 395.64 687.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 420.73 687.60 Td (for ) Tj ET Q q 0 0 0 rg BT 434.72 687.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 483.13 687.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 521.01 687.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (an ) Tj ET Q q 0 0 0 rg BT 95.38 675.60 Td (unaccredited ) Tj ET Q q 0 0 0 rg BT 151.39 675.60 Td (and ) Tj ET Q q 0 0 0 rg BT 170.77 675.60 Td (unlicensed ) Tj ET Q q 0 0 0 rg BT 218.47 675.60 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 258.94 675.60 Td (which ) Tj ET Q q 0 0 0 rg BT 288.32 675.60 Td (has ) Tj ET Q q 0 0 0 rg BT 306.58 675.60 Td (been ) Tj ET Q q 0 0 0 rg BT 330.40 675.60 Td (certified ) Tj ET Q q 0 0 0 rg BT 368.65 675.60 Td (by ) Tj ET Q q 0 0 0 rg BT 383.58 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 400.74 675.60 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 425.66 675.60 Td (Commissioner) Tj ET Q q 0 0 0 rg BT 483.45 675.60 Td (. ) Tj ET Q q 0 0 0 rg BT 490.53 675.60 Td (The ) Tj ET Q q 0 0 0 rg BT 511.01 675.60 Td (Iowa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (Commissioner ) Tj ET Q q 0 0 0 rg BT 141.57 663.60 Td (certifies ) Tj ET Q q 0 0 0 rg BT 176.00 663.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 217.66 663.60 Td (based ) Tj ET Q q 0 0 0 rg BT 242.67 663.60 Td (on ) Tj ET Q q 0 0 0 rg BT 254.90 663.60 Td (several ) Tj ET Q q 0 0 0 rg BT 285.45 663.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 317.39 663.60 Td (including ) Tj ET Q q 0 0 0 rg BT 357.39 663.60 Td (their ) Tj ET Q q 0 0 0 rg BT 377.95 663.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 415.17 663.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 449.61 663.60 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 481.56 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 498.24 663.60 Td (imposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 120.28 651.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 174.57 651.60 Td (based ) Tj ET Q q 0 0 0 rg BT 199.42 651.60 Td (on ) Tj ET Q q 0 0 0 rg BT 211.51 651.60 Td (such ) Tj ET Q q 0 0 0 rg BT 231.92 651.60 Td (factors. ) Tj ET Q q 0 0 0 rg BT 263.71 651.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 282.24 651.60 Td ( ) Tj ET Q q 0 0 0 rg BT 284.32 651.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 325.27 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 341.80 651.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 360.32 651.60 Td ( ) Tj ET Q q 0 0 0 rg BT 362.40 651.60 Td (NY) Tj ET Q q 0 0 0 rg BT 376.47 651.60 Td ( ) Tj ET Q q 0 0 0 rg BT 378.56 651.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 419.51 651.60 Td (are ) Tj ET Q q 0 0 0 rg BT 433.80 651.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 464.21 651.60 Td (to ) Tj ET Q q 0 0 0 rg BT 474.08 651.60 Td (such ) Tj ET Q q 0 0 0 rg BT 494.49 651.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 519.34 651.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 130.11 639.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 152.57 639.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.37 639.60 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 186.39 639.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.85 639.60 Td (New ) Tj ET Q q 0 0 0 rg BT 225.31 639.60 Td (Y) Tj ET Q q 0 0 0 rg BT 231.53 639.60 Td (ork, ) Tj ET Q q 0 0 0 rg BT 250.38 639.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 298.04 639.60 Td (, ) Tj ET Q q 0 0 0 rg BT 303.57 639.60 Td (insofar ) Tj ET Q q 0 0 0 rg BT 334.36 639.60 Td (as ) Tj ET Q q 0 0 0 rg BT 345.71 639.60 Td (they ) Tj ET Q q 0 0 0 rg BT 365.95 639.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 388.96 639.60 Td (into ) Tj ET Q q 0 0 0 rg BT 407.54 639.60 Td (any ) Tj ET Q q 0 0 0 rg BT 425.00 639.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 474.11 639.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 513.23 639.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 122.93 627.60 Td (which ) Tj ET Q q 0 0 0 rg BT 149.87 627.60 Td (are ) Tj ET Q q 0 0 0 rg BT 164.57 627.60 Td (neither ) Tj ET Q q 0 0 0 rg BT 194.84 627.60 Td (licensed ) Tj ET Q q 0 0 0 rg BT 230.10 627.60 Td (nor ) Tj ET Q q 0 0 0 rg BT 245.93 627.60 Td (accredited ) Tj ET Q q 0 0 0 rg BT 289.51 627.60 Td (in ) Tj ET Q q 0 0 0 rg BT 299.79 627.60 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 322.28 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.22 627.60 Td (New ) Tj ET Q q 0 0 0 rg BT 360.23 627.60 Td (Y) Tj ET Q q 0 0 0 rg BT 366.45 627.60 Td (ork, ) Tj ET Q q 0 0 0 rg BT 384.78 627.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 432.44 627.60 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 602.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 125.74 602.10 Td (Holding ) Tj ET Q q 0 0 0 rg BT 162.13 602.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.08 602.10 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 585.60 Td (As ) Tj ET Q q 0 0 0 rg BT 118.94 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 133.99 585.60 Td (parent ) Tj ET Q q 0 0 0 rg BT 161.80 585.60 Td (company ) Tj ET Q q 0 0 0 rg BT 201.29 585.60 Td (of ) Tj ET Q q 0 0 0 rg BT 212.44 585.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 230.96 585.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.79 585.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 275.49 585.60 Td (and ) Tj ET Q q 0 0 0 rg BT 292.76 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 307.80 585.60 Td (indirect ) Tj ET Q q 0 0 0 rg BT 341.17 585.60 Td (parent ) Tj ET Q q 0 0 0 rg BT 368.99 585.60 Td (company ) Tj ET Q q 0 0 0 rg BT 408.47 585.60 Td (of ) Tj ET Q q 0 0 0 rg BT 419.63 585.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 438.15 585.60 Td ( ) Tj ET Q q 0 0 0 rg BT 440.98 585.60 Td (NY) Tj ET Q q 0 0 0 rg BT 455.05 585.60 Td ( ) Tj ET Q q 0 0 0 rg BT 457.88 585.60 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 502.07 585.60 Td (we ) Tj ET Q q 0 0 0 rg BT 516.56 585.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 573.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 112.30 573.60 Td (af) Tj ET Q q 0 0 0 rg BT 119.89 573.60 Td (filiated ) Tj ET Q q 0 0 0 rg BT 150.62 573.60 Td (for ) Tj ET Q q 0 0 0 rg BT 164.70 573.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 202.67 573.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.41 573.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 254.14 573.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 297.10 573.60 Td (are ) Tj ET Q q 0 0 0 rg BT 311.72 573.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 342.47 573.60 Td (to ) Tj ET Q q 0 0 0 rg BT 352.66 573.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.29 573.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 408.02 573.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 441.00 573.60 Td (company ) Tj ET Q q 0 0 0 rg BT 480.07 573.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 500.81 573.60 Td (in ) Tj ET Q q 0 0 0 rg BT 511.01 573.60 Td (Iowa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 561.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.78 561.60 Td (New ) Tj ET Q q 0 0 0 rg BT 118.66 561.60 Td (Y) Tj ET Q q 0 0 0 rg BT 124.88 561.60 Td (ork. ) Tj ET Q q 0 0 0 rg BT 142.89 561.60 Td (These ) Tj ET Q q 0 0 0 rg BT 169.11 561.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 189.79 561.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 229.33 561.60 Td (require ) Tj ET Q q 0 0 0 rg BT 259.99 561.60 Td (each ) Tj ET Q q 0 0 0 rg BT 280.65 561.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 321.32 561.60 Td (company ) Tj ET Q q 0 0 0 rg BT 360.32 561.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 393.20 561.60 Td (or ) Tj ET Q q 0 0 0 rg BT 403.88 561.60 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 444.54 561.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 473.55 561.60 Td (by ) Tj ET Q q 0 0 0 rg BT 485.89 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.46 561.60 Td (holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 549.60 Td (company ) Tj ET Q q 0 0 0 rg BT 120.69 549.60 Td (to ) Tj ET Q q 0 0 0 rg BT 131.49 549.60 Td (register ) Tj ET Q q 0 0 0 rg BT 164.51 549.60 Td (with ) Tj ET Q q 0 0 0 rg BT 185.32 549.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.56 549.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 241.91 549.60 Td (department ) Tj ET Q q 0 0 0 rg BT 289.92 549.60 Td (in ) Tj ET Q q 0 0 0 rg BT 300.73 549.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.97 549.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 357.32 549.60 Td (company) Tj ET Q q 0 0 0 rg BT 396.75 549.60 Td (s ) Tj ET Q q 0 0 0 rg BT 403.67 549.60 Td (state ) Tj ET Q q 0 0 0 rg BT 425.03 549.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.39 549.60 Td (domicile ) Tj ET Q q 0 0 0 rg BT 474.41 549.60 Td (and ) Tj ET Q q 0 0 0 rg BT 491.88 549.60 Td (to ) Tj ET Q q 0 0 0 rg BT 502.68 549.60 Td (furnish ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 537.60 Td (annually ) Tj ET Q q 0 0 0 rg BT 118.00 537.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.55 537.60 Td (and ) Tj ET Q q 0 0 0 rg BT 172.55 537.60 Td (other ) Tj ET Q q 0 0 0 rg BT 195.67 537.60 Td (information ) Tj ET Q q 0 0 0 rg BT 245.45 537.60 Td (about ) Tj ET Q q 0 0 0 rg BT 270.23 537.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.02 537.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 329.24 537.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.14 537.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 385.47 537.60 Td (within ) Tj ET Q q 0 0 0 rg BT 413.59 537.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.38 537.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 461.50 537.60 Td (company ) Tj ET Q q 0 0 0 rg BT 500.72 537.60 Td (system. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 525.60 Td (Generally) Tj ET Q q 0 0 0 rg BT 119.77 525.60 Td (, ) Tj ET Q q 0 0 0 rg BT 126.25 525.60 Td (all ) Tj ET Q q 0 0 0 rg BT 140.22 525.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 191.96 525.60 Td (between ) Tj ET Q q 0 0 0 rg BT 229.26 525.60 Td (insurers ) Tj ET Q q 0 0 0 rg BT 264.89 525.60 Td (and ) Tj ET Q q 0 0 0 rg BT 283.31 525.60 Td (af) Tj ET Q q 0 0 0 rg BT 290.90 525.60 Td (filiates ) Tj ET Q q 0 0 0 rg BT 322.09 525.60 Td (within ) Tj ET Q q 0 0 0 rg BT 351.62 525.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.81 525.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 402.35 525.60 Td (company ) Tj ET Q q 0 0 0 rg BT 442.98 525.60 Td (system ) Tj ET Q q 0 0 0 rg BT 474.74 525.60 Td (are ) Tj ET Q q 0 0 0 rg BT 490.92 525.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 523.22 525.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 513.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 124.28 513.60 Td (and ) Tj ET Q q 0 0 0 rg BT 141.46 513.60 Td (must ) Tj ET Q q 0 0 0 rg BT 163.64 513.60 Td (be ) Tj ET Q q 0 0 0 rg BT 175.82 513.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 192.44 513.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.61 513.60 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 257.60 513.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.78 513.60 Td (may ) Tj ET Q q 0 0 0 rg BT 294.74 513.60 Td (require ) Tj ET Q q 0 0 0 rg BT 325.79 513.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 347.97 513.60 Td (notice ) Tj ET Q q 0 0 0 rg BT 375.14 513.60 Td (and ) Tj ET Q q 0 0 0 rg BT 392.32 513.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 430.04 513.60 Td (or ) Tj ET Q q 0 0 0 rg BT 441.11 513.60 Td (non-disapproval ) Tj ET Q q 0 0 0 rg BT 508.83 513.60 Td (by ) Tj ET Q q 0 0 0 rg BT 521.57 513.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 501.60 Td (domiciliary ) Tj ET Q q 0 0 0 rg BT 129.60 501.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 170.41 501.60 Td (regulator) Tj ET Q q 0 0 0 rg BT 205.96 501.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 480.60 Td (Most ) Tj ET Q q 0 0 0 rg BT 127.91 480.60 Td (states, ) Tj ET Q q 0 0 0 rg BT 154.97 480.60 Td (including ) Tj ET Q q 0 0 0 rg BT 195.08 480.60 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 217.42 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.20 480.60 Td (New ) Tj ET Q q 0 0 0 rg BT 255.08 480.60 Td (Y) Tj ET Q q 0 0 0 rg BT 261.30 480.60 Td (ork, ) Tj ET Q q 0 0 0 rg BT 279.47 480.60 Td (have ) Tj ET Q q 0 0 0 rg BT 300.69 480.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 341.35 480.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 362.03 480.60 Td (that ) Tj ET Q q 0 0 0 rg BT 379.36 480.60 Td (require ) Tj ET Q q 0 0 0 rg BT 410.02 480.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 453.46 480.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 490.79 480.60 Td (of ) Tj ET Q q 0 0 0 rg BT 501.46 480.60 Td (a ) Tj ET Q q 0 0 0 rg BT 508.25 480.60 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 468.60 Td (or ) Tj ET Q q 0 0 0 rg BT 92.12 468.60 Td (indirect ) Tj ET Q q 0 0 0 rg BT 125.44 468.60 Td (change ) Tj ET Q q 0 0 0 rg BT 156.54 468.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.66 468.60 Td (control ) Tj ET Q q 0 0 0 rg BT 198.77 468.60 Td (of ) Tj ET Q q 0 0 0 rg BT 209.89 468.60 Td (an ) Tj ET Q q 0 0 0 rg BT 222.11 468.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 252.67 468.60 Td (or ) Tj ET Q q 0 0 0 rg BT 263.78 468.60 Td (an ) Tj ET Q q 0 0 0 rg BT 276.00 468.60 Td (insurer) Tj ET Q q 0 0 0 rg BT 304.14 468.60 Td () Tj ET Q q 0 0 0 rg BT 306.92 468.60 Td (s ) Tj ET Q q 0 0 0 rg BT 313.60 468.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 346.94 468.60 Td (company) Tj ET Q q 0 0 0 rg BT 382.95 468.60 Td (. ) Tj ET Q q 0 0 0 rg BT 388.23 468.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 411.02 468.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 432.14 468.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 464.91 468.60 Td (any ) Tj ET Q q 0 0 0 rg BT 482.13 468.60 Td (person ) Tj ET Q q 0 0 0 rg BT 511.58 468.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 456.60 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 121.47 456.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 155.00 456.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 188.24 456.60 Td (or ) Tj ET Q q 0 0 0 rg BT 199.28 456.60 Td (indirectly) Tj ET Q q 0 0 0 rg BT 236.95 456.60 Td (, ) Tj ET Q q 0 0 0 rg BT 242.15 456.60 Td (of ) Tj ET Q q 0 0 0 rg BT 253.19 456.60 Td (HRG, ) Tj ET Q q 0 0 0 rg BT 279.50 456.60 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 303.60 456.60 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 334.92 456.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 353.44 456.60 Td ( ) Tj ET Q q 0 0 0 rg BT 356.14 456.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 397.71 456.60 Td (or ) Tj ET Q q 0 0 0 rg BT 408.75 456.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 427.27 456.60 Td ( ) Tj ET Q q 0 0 0 rg BT 429.97 456.60 Td (NY) Tj ET Q q 0 0 0 rg BT 444.04 456.60 Td ( ) Tj ET Q q 0 0 0 rg BT 446.75 456.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 488.32 456.60 Td (unless ) Tj ET Q q 0 0 0 rg BT 516.02 456.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.60 Td (person ) Tj ET Q q 0 0 0 rg BT 110.13 444.60 Td (has ) Tj ET Q q 0 0 0 rg BT 125.94 444.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 146.74 444.60 Td (a ) Tj ET Q q 0 0 0 rg BT 153.65 444.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 194.45 444.60 Td (with ) Tj ET Q q 0 0 0 rg BT 214.70 444.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 253.27 444.60 Td (information ) Tj ET Q q 0 0 0 rg BT 302.96 444.60 Td (with ) Tj ET Q q 0 0 0 rg BT 323.21 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.90 444.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 378.69 444.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 421.15 444.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.06 444.60 Td (has ) Tj ET Q q 0 0 0 rg BT 453.87 444.60 Td (obtained ) Tj ET Q q 0 0 0 rg BT 490.78 444.60 Td (their ) Tj ET Q q 0 0 0 rg BT 511.58 444.60 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.60 Td (approval. ) Tj ET Q q 0 0 0 rg BT 122.28 432.60 Td (In ) Tj ET Q q 0 0 0 rg BT 134.40 432.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 173.47 432.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 213.38 432.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 248.26 432.60 Td (to ) Tj ET Q q 0 0 0 rg BT 259.84 432.60 Td (have ) Tj ET Q q 0 0 0 rg BT 282.51 432.60 Td (a ) Tj ET Q q 0 0 0 rg BT 290.74 432.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 317.30 432.60 Td (or ) Tj ET Q q 0 0 0 rg BT 329.42 432.60 Td (indirect ) Tj ET Q q 0 0 0 rg BT 363.76 432.60 Td (controlling ) Tj ET Q q 0 0 0 rg BT 411.44 432.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 444.66 432.60 Td (are ) Tj ET Q q 0 0 0 rg BT 460.67 432.60 Td (required ) Tj ET Q q 0 0 0 rg BT 497.77 432.60 Td (to ) Tj ET Q q 0 0 0 rg BT 509.35 432.60 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 420.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 125.26 420.60 Td (filings ) Tj ET Q q 0 0 0 rg BT 153.99 420.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.59 420.60 Td (respond ) Tj ET Q q 0 0 0 rg BT 206.42 420.60 Td (to ) Tj ET Q q 0 0 0 rg BT 217.37 420.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 261.63 420.60 Td (inquiries. ) Tj ET Q q 0 0 0 rg BT 302.29 420.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 330.45 420.60 Td (most ) Tj ET Q q 0 0 0 rg BT 353.07 420.60 Td (states) Tj ET Q q 0 0 0 rg BT 377.87 420.60 Td ( ) Tj ET Q q 0 0 0 rg BT 381.04 420.60 Td (statutes, ) Tj ET Q q 0 0 0 rg BT 416.70 420.60 Td (including ) Tj ET Q q 0 0 0 rg BT 457.64 420.60 Td (those ) Tj ET Q q 0 0 0 rg BT 481.92 420.60 Td (of ) Tj ET Q q 0 0 0 rg BT 493.42 420.60 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 516.58 420.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.60 Td (New ) Tj ET Q q 0 0 0 rg BT 103.61 408.60 Td (Y) Tj ET Q q 0 0 0 rg BT 109.83 408.60 Td (ork, ) Tj ET Q q 0 0 0 rg BT 130.03 408.60 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 172.17 408.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 194.87 408.60 Td (or ) Tj ET Q q 0 0 0 rg BT 207.57 408.60 Td (more ) Tj ET Q q 0 0 0 rg BT 232.49 408.60 Td (of ) Tj ET Q q 0 0 0 rg BT 245.19 408.60 Td (the ) Tj ET Q q 0 0 0 rg BT 261.78 408.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 291.71 408.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 317.19 408.60 Td (of ) Tj ET Q q 0 0 0 rg BT 329.89 408.60 Td (an ) Tj ET Q q 0 0 0 rg BT 343.71 408.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 386.39 408.60 Td (company ) Tj ET Q q 0 0 0 rg BT 427.42 408.60 Td (or ) Tj ET Q q 0 0 0 rg BT 440.12 408.60 Td (its ) Tj ET Q q 0 0 0 rg BT 453.94 408.60 Td (parent ) Tj ET Q q 0 0 0 rg BT 483.30 408.60 Td (company ) Tj ET Q q 0 0 0 rg BT 524.33 408.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.60 Td (presumptively ) Tj ET Q q 0 0 0 rg BT 139.62 396.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 184.34 396.60 Td (a ) Tj ET Q q 0 0 0 rg BT 190.19 396.60 Td (change ) Tj ET Q q 0 0 0 rg BT 219.91 396.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.65 396.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 261.88 396.60 Td (although ) Tj ET Q q 0 0 0 rg BT 298.29 396.60 Td (such ) Tj ET Q q 0 0 0 rg BT 318.02 396.60 Td (presumption ) Tj ET Q q 0 0 0 rg BT 369.43 396.60 Td (may ) Tj ET Q q 0 0 0 rg BT 388.05 396.60 Td (be ) Tj ET Q q 0 0 0 rg BT 398.90 396.60 Td (rebutted. ) Tj ET Q q 0 0 0 rg BT 435.26 396.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 484.59 396.60 Td (, ) Tj ET Q q 0 0 0 rg BT 488.50 396.60 Td (any ) Tj ET Q q 0 0 0 rg BT 504.35 396.60 Td (person ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 384.60 Td (who ) Tj ET Q q 0 0 0 rg BT 101.57 384.60 Td (acquires ) Tj ET Q q 0 0 0 rg BT 138.24 384.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 159.92 384.60 Td (or ) Tj ET Q q 0 0 0 rg BT 171.61 384.60 Td (more ) Tj ET Q q 0 0 0 rg BT 195.50 384.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.19 384.60 Td (our ) Tj ET Q q 0 0 0 rg BT 223.87 384.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 252.78 384.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 293.89 384.60 Td (or ) Tj ET Q q 0 0 0 rg BT 305.58 384.60 Td (that ) Tj ET Q q 0 0 0 rg BT 323.92 384.60 Td (of ) Tj ET Q q 0 0 0 rg BT 335.60 384.60 Td (HRG, ) Tj ET Q q 0 0 0 rg BT 362.57 384.60 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 387.31 384.60 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 419.28 384.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 437.80 384.60 Td ( ) Tj ET Q q 0 0 0 rg BT 441.15 384.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 483.37 384.60 Td (or ) Tj ET Q q 0 0 0 rg BT 495.05 384.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 513.57 384.60 Td ( ) Tj ET Q q 0 0 0 rg BT 516.93 384.60 Td (NY) Tj ET Q q 0 0 0 rg BT 531.00 384.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 372.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 121.78 372.60 Td (without ) Tj ET Q q 0 0 0 rg BT 154.26 372.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.39 372.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 189.75 372.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 226.65 372.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.89 372.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.03 372.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 291.26 372.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 333.16 372.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.41 372.60 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 365.31 372.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.67 372.60 Td (New ) Tj ET Q q 0 0 0 rg BT 402.18 372.60 Td (Y) Tj ET Q q 0 0 0 rg BT 408.40 372.60 Td (ork ) Tj ET Q q 0 0 0 rg BT 423.65 372.60 Td (will ) Tj ET Q q 0 0 0 rg BT 441.12 372.60 Td (be ) Tj ET Q q 0 0 0 rg BT 452.48 372.60 Td (in ) Tj ET Q q 0 0 0 rg BT 462.17 372.60 Td (violation ) Tj ET Q q 0 0 0 rg BT 499.64 372.60 Td (of ) Tj ET Q q 0 0 0 rg BT 509.89 372.60 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.60 Td (states) Tj ET Q q 0 0 0 rg BT 105.80 360.60 Td ( ) Tj ET Q q 0 0 0 rg BT 108.38 360.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 129.29 360.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.31 360.60 Td (may ) Tj ET Q q 0 0 0 rg BT 166.10 360.60 Td (be ) Tj ET Q q 0 0 0 rg BT 178.12 360.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 209.02 360.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.38 360.60 Td (injunctive ) Tj ET Q q 0 0 0 rg BT 261.95 360.60 Td (action ) Tj ET Q q 0 0 0 rg BT 288.96 360.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 328.19 360.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.99 360.60 Td (disposition ) Tj ET Q q 0 0 0 rg BT 389.46 360.60 Td (or ) Tj ET Q q 0 0 0 rg BT 400.37 360.60 Td (seizure ) Tj ET Q q 0 0 0 rg BT 431.26 360.60 Td (of ) Tj ET Q q 0 0 0 rg BT 442.17 360.60 Td (those ) Tj ET Q q 0 0 0 rg BT 465.86 360.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 506.20 360.60 Td (by ) Tj ET Q q 0 0 0 rg BT 518.78 360.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 348.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 116.16 348.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 157.44 348.60 Td (regulator ) Tj ET Q q 0 0 0 rg BT 196.49 348.60 Td (or ) Tj ET Q q 0 0 0 rg BT 207.78 348.60 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 255.19 348.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.36 348.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 298.88 348.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.17 348.60 Td (those ) Tj ET Q q 0 0 0 rg BT 334.24 348.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 374.96 348.60 Td (and ) Tj ET Q q 0 0 0 rg BT 392.36 348.60 Td (to ) Tj ET Q q 0 0 0 rg BT 403.10 348.60 Td (other ) Tj ET Q q 0 0 0 rg BT 426.61 348.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 457.90 348.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 505.84 348.60 Td (by ) Tj ET Q q 0 0 0 rg BT 518.80 348.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 336.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 115.70 336.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 156.52 336.60 Td (regulator) Tj ET Q q 0 0 0 rg BT 192.06 336.60 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 311.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 125.74 311.10 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 167.32 311.10 Td (Association ) Tj ET Q q 0 0 0 rg BT 217.24 311.10 Td (Assessments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 294.60 Td (Each ) Tj ET Q q 0 0 0 rg BT 127.35 294.60 Td (state ) Tj ET Q q 0 0 0 rg BT 148.04 294.60 Td (has ) Tj ET Q q 0 0 0 rg BT 163.73 294.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 204.41 294.60 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 241.75 294.60 Td (association ) Tj ET Q q 0 0 0 rg BT 288.55 294.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 309.24 294.60 Td (under ) Tj ET Q q 0 0 0 rg BT 334.37 294.60 Td (which ) Tj ET Q q 0 0 0 rg BT 361.17 294.60 Td (insurers ) Tj ET Q q 0 0 0 rg BT 395.20 294.60 Td (doing ) Tj ET Q q 0 0 0 rg BT 420.34 294.60 Td (business ) Tj ET Q q 0 0 0 rg BT 456.59 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 466.73 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.31 294.60 Td (state ) Tj ET Q q 0 0 0 rg BT 502.00 294.60 Td (may ) Tj ET Q q 0 0 0 rg BT 521.58 294.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 282.60 Td (assessed ) Tj ET Q q 0 0 0 rg BT 118.65 282.60 Td (by ) Tj ET Q q 0 0 0 rg BT 132.42 282.60 Td (state ) Tj ET Q q 0 0 0 rg BT 154.52 282.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 196.60 282.60 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 235.36 282.60 Td (associations ) Tj ET Q q 0 0 0 rg BT 287.45 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 302.88 282.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 333.86 282.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 382.07 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.17 282.60 Td (insolvent ) Tj ET Q q 0 0 0 rg BT 434.60 282.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 476.69 282.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 523.22 282.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 270.60 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 138.66 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 156.33 270.60 Td (claimants. ) Tj ET Q q 0 0 0 rg BT 200.14 270.60 Td (T) Tj ET Q q 0 0 0 rg BT 205.55 270.60 Td (ypically) Tj ET Q q 0 0 0 rg BT 237.11 270.60 Td (, ) Tj ET Q q 0 0 0 rg BT 242.84 270.60 Td (states ) Tj ET Q q 0 0 0 rg BT 268.28 270.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 295.95 270.60 Td (each ) Tj ET Q q 0 0 0 rg BT 317.49 270.60 Td (member ) Tj ET Q q 0 0 0 rg BT 353.48 270.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 384.48 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 395.48 270.60 Td (an ) Tj ET Q q 0 0 0 rg BT 408.15 270.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 441.37 270.60 Td (related ) Tj ET Q q 0 0 0 rg BT 471.80 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 482.80 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 498.25 270.60 Td (member ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 258.60 Td (insurer) Tj ET Q q 0 0 0 rg BT 109.14 258.60 Td () Tj ET Q q 0 0 0 rg BT 111.92 258.60 Td (s ) Tj ET Q q 0 0 0 rg BT 118.59 258.60 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 175.25 258.60 Td (share ) Tj ET Q q 0 0 0 rg BT 199.13 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 210.24 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.24 258.60 Td (business ) Tj ET Q q 0 0 0 rg BT 261.91 258.60 Td (written ) Tj ET Q q 0 0 0 rg BT 293.02 258.60 Td (by ) Tj ET Q q 0 0 0 rg BT 305.80 258.60 Td (all ) Tj ET Q q 0 0 0 rg BT 318.58 258.60 Td (member ) Tj ET Q q 0 0 0 rg BT 354.13 258.60 Td (insurers ) Tj ET Q q 0 0 0 rg BT 388.57 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 399.13 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.13 258.60 Td (state. ) Tj ET Q q 0 0 0 rg BT 437.12 258.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 477.68 258.60 Td (no ) Tj ET Q q 0 0 0 rg BT 490.46 258.60 Td (prediction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 246.60 Td (can ) Tj ET Q q 0 0 0 rg BT 97.01 246.60 Td (be ) Tj ET Q q 0 0 0 rg BT 108.58 246.60 Td (made ) Tj ET Q q 0 0 0 rg BT 132.36 246.60 Td (as ) Tj ET Q q 0 0 0 rg BT 142.83 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 152.74 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.08 246.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 199.21 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 215.78 246.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 244.02 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 254.49 246.60 Td (any ) Tj ET Q q 0 0 0 rg BT 271.06 246.60 Td (future ) Tj ET Q q 0 0 0 rg BT 297.06 246.60 Td (assessments ) Tj ET Q q 0 0 0 rg BT 347.53 246.60 Td (under ) Tj ET Q q 0 0 0 rg BT 372.43 246.60 Td (these ) Tj ET Q q 0 0 0 rg BT 395.10 246.60 Td (laws, ) Tj ET Q q 0 0 0 rg BT 418.07 246.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 436.59 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 438.72 246.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 479.72 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.29 246.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 514.81 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 516.94 246.60 Td (NY) Tj ET Q q 0 0 0 rg BT 531.01 246.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 234.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 121.79 234.60 Td (have ) Tj ET Q q 0 0 0 rg BT 142.58 234.60 Td (established ) Tj ET Q q 0 0 0 rg BT 188.93 234.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 223.61 234.60 Td (that ) Tj ET Q q 0 0 0 rg BT 240.52 234.60 Td (they ) Tj ET Q q 0 0 0 rg BT 259.66 234.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 290.45 234.60 Td (are ) Tj ET Q q 0 0 0 rg BT 304.57 234.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 342.02 234.60 Td (for ) Tj ET Q q 0 0 0 rg BT 355.60 234.60 Td (assessments ) Tj ET Q q 0 0 0 rg BT 405.85 234.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 438.31 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 448.00 234.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 488.24 234.60 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 222.60 Td (that ) Tj ET Q q 0 0 0 rg BT 98.50 222.60 Td (are ) Tj ET Q q 0 0 0 rg BT 113.20 222.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 151.80 222.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 182.62 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 192.90 222.60 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 238.72 222.60 Td (proceedings. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 201.60 Td (Market ) Tj ET Q q 0 0 0 rg BT 113.50 201.60 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 151.01 201.60 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 185.10 Td (State ) Tj ET Q q 0 0 0 rg BT 127.82 185.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 168.96 185.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 190.11 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.38 185.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 254.64 185.10 Td (include ) Tj ET Q q 0 0 0 rg BT 286.89 185.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 329.16 185.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 373.65 185.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 417.02 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.07 185.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 483.75 185.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 522.67 185.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 173.10 Td (insurers, ) Tj ET Q q 0 0 0 rg BT 116.83 173.10 Td (including ) Tj ET Q q 0 0 0 rg BT 156.28 173.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 199.62 173.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 241.84 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.73 173.10 Td (form ) Tj ET Q q 0 0 0 rg BT 276.84 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.95 173.10 Td (content ) Tj ET Q q 0 0 0 rg BT 324.06 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.06 173.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 376.28 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.73 173.10 Td (consumers, ) Tj ET Q q 0 0 0 rg BT 432.67 173.10 Td (illustrations, ) Tj ET Q q 0 0 0 rg BT 484.06 173.10 Td (advertising, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 161.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 104.13 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.26 161.10 Td (complaint ) Tj ET Q q 0 0 0 rg BT 165.95 161.10 Td (process ) Tj ET Q q 0 0 0 rg BT 199.63 161.10 Td (practices. ) Tj ET Q q 0 0 0 rg BT 241.35 161.10 Td (State ) Tj ET Q q 0 0 0 rg BT 265.04 161.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 309.83 161.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 355.73 161.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 396.63 161.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 430.30 161.10 Td (these ) Tj ET Q q 0 0 0 rg BT 454.54 161.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 499.90 161.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 149.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 115.98 149.10 Td (market ) Tj ET Q q 0 0 0 rg BT 145.95 149.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 179.82 149.10 Td (examinations. ) Tj ET Q q 0 0 0 rg BT 237.86 149.10 Td (In ) Tj ET Q q 0 0 0 rg BT 248.40 149.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 285.89 149.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 304.41 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.62 149.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 347.70 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.35 149.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 382.87 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.09 149.10 Td (NY) Tj ET Q q 0 0 0 rg BT 399.16 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.37 149.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 442.45 149.10 Td (must ) Tj ET Q q 0 0 0 rg BT 464.11 149.10 Td (file, ) Tj ET Q q 0 0 0 rg BT 482.15 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.81 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.80 149.10 Td (many ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 137.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 132.32 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.64 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 162.17 137.10 Td (some ) Tj ET Q q 0 0 0 rg BT 185.16 137.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 205.92 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.13 137.10 Td (business ) Tj ET Q q 0 0 0 rg BT 251.90 137.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 278.77 137.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 321.74 137.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 358.61 137.10 Td (for) Tj ET Q q 0 0 0 rg BT 369.87 137.10 Td (, ) Tj ET Q q 0 0 0 rg BT 374.24 137.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 395.00 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.31 137.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 436.52 137.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 468.94 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.60 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.69 137.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 125.10 Td (written ) Tj ET Q q 0 0 0 rg BT 111.59 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.64 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.12 125.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 187.84 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.88 125.10 Td (which ) Tj ET Q q 0 0 0 rg BT 224.59 125.10 Td (they ) Tj ET Q q 0 0 0 rg BT 244.07 125.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 278.27 125.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 296.79 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.05 125.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 340.19 125.10 Td (is ) Tj ET Q q 0 0 0 rg BT 349.13 125.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 387.49 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.97 125.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 432.57 125.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.17 125.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.93 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 468.20 125.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 503.25 125.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 113.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 114.95 113.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 170.56 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.63 113.10 Td (various ) Tj ET Q q 0 0 0 rg BT 212.36 113.10 Td (states. ) Tj ET Q q 0 0 0 rg BT 239.37 113.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 270.54 113.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 304.48 113.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 360.09 113.10 Td (can ) Tj ET Q q 0 0 0 rg BT 376.26 113.10 Td (result ) Tj ET Q q 0 0 0 rg BT 400.77 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.84 113.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 450.90 113.10 Td (fines ) Tj ET Q q 0 0 0 rg BT 472.63 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.25 113.10 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.63 101.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 139.03 101.10 Td (require ) Tj ET Q q 0 0 0 rg BT 170.53 101.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 189.05 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.25 101.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 234.31 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.28 101.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 275.12 101.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 320.53 101.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 361.48 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.45 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.86 101.10 Td (management ) Tj ET Q q 0 0 0 rg BT 442.14 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.66 101.10 Td (such ) Tj ET Q q 0 0 0 rg BT 475.19 101.10 Td (examinations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 89.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.03 89.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 143.41 89.10 Td (does ) Tj ET Q q 0 0 0 rg BT 164.25 89.10 Td (not ) Tj ET Q q 0 0 0 rg BT 179.54 89.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 210.93 89.10 Td (that ) Tj ET Q q 0 0 0 rg BT 228.44 89.10 Td (any ) Tj ET Q q 0 0 0 rg BT 245.39 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.23 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.96 89.10 Td (current ) Tj ET Q q 0 0 0 rg BT 301.79 89.10 Td (market ) Tj ET Q q 0 0 0 rg BT 332.06 89.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 366.23 89.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 422.06 89.10 Td (it ) Tj ET Q q 0 0 0 rg BT 430.13 89.10 Td (is ) Tj ET Q q 0 0 0 rg BT 439.31 89.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 470.15 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.44 89.10 Td (will ) Tj ET Q q 0 0 0 rg BT 498.51 89.10 Td (result ) Tj ET Q q 0 0 0 rg BT 523.24 89.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 77.10 Td (any ) Tj ET Q q 0 0 0 rg BT 97.94 77.10 Td (fines ) Tj ET Q q 0 0 0 rg BT 119.88 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 130.71 77.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 180.97 77.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 208.46 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.95 77.10 Td (will ) Tj ET Q q 0 0 0 rg BT 244.01 77.10 Td (be ) Tj ET Q q 0 0 0 rg BT 255.95 77.10 Td (material ) Tj ET Q q 0 0 0 rg BT 291.21 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.48 77.10 Td (its ) Tj ET Q q 0 0 0 rg BT 313.43 77.10 Td (business. ) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (22) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 129.07 735.75 Td (of ) Tj ET Q q 0 0 0 rg BT 139.90 735.75 Td (Investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 719.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 123.52 719.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.04 719.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 167.43 719.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.39 719.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 202.91 719.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.43 719.25 Td (NY) Tj ET Q q 0 0 0 rg BT 219.50 719.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.02 719.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 263.41 719.25 Td (are ) Tj ET Q q 0 0 0 rg BT 278.14 719.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 308.99 719.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.29 719.25 Td (state ) Tj ET Q q 0 0 0 rg BT 340.13 719.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 360.98 719.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.94 719.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 424.90 719.25 Td (that ) Tj ET Q q 0 0 0 rg BT 442.41 719.25 Td (require ) Tj ET Q q 0 0 0 rg BT 473.25 719.25 Td (diversification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 707.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.10 707.25 Td (their ) Tj ET Q q 0 0 0 rg BT 115.20 707.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 162.86 707.25 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 205.52 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.73 707.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 246.40 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.39 707.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 296.16 707.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.26 707.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 359.81 707.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.36 707.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 402.34 707.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 425.55 707.25 Td (categories, ) Tj ET Q q 0 0 0 rg BT 472.36 707.25 Td (such ) Tj ET Q q 0 0 0 rg BT 494.46 707.25 Td (as ) Tj ET Q q 0 0 0 rg BT 506.56 707.25 Td (below ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 695.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.48 695.25 Td (grade ) Tj ET Q q 0 0 0 rg BT 152.28 695.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 175.43 695.25 Td (income ) Tj ET Q q 0 0 0 rg BT 207.46 695.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 250.32 695.25 Td (equity) Tj ET Q q 0 0 0 rg BT 274.66 695.25 Td (, ) Tj ET Q q 0 0 0 rg BT 279.76 695.25 Td (real ) Tj ET Q q 0 0 0 rg BT 297.34 695.25 Td (estate, ) Tj ET Q q 0 0 0 rg BT 325.20 695.25 Td (other ) Tj ET Q q 0 0 0 rg BT 348.34 695.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 375.94 695.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 426.31 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.34 695.25 Td (derivatives. ) Tj ET Q q 0 0 0 rg BT 492.31 695.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 523.23 695.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 683.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 113.15 683.25 Td (with ) Tj ET Q q 0 0 0 rg BT 133.09 683.25 Td (these ) Tj ET Q q 0 0 0 rg BT 155.79 683.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 176.28 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.88 683.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 239.47 683.25 Td (would ) Tj ET Q q 0 0 0 rg BT 266.62 683.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 290.99 683.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 340.92 683.25 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 383.61 683.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 426.86 683.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 471.79 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 481.73 683.25 Td (be ) Tj ET Q q 0 0 0 rg BT 493.33 683.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 522.68 683.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 671.25 Td (either ) Tj ET Q q 0 0 0 rg BT 105.38 671.25 Td (non-admitted ) Tj ET Q q 0 0 0 rg BT 160.31 671.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 185.25 671.25 Td (for ) Tj ET Q q 0 0 0 rg BT 198.53 671.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 235.69 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.63 671.25 Td (measuring ) Tj ET Q q 0 0 0 rg BT 288.90 671.25 Td (surplus ) Tj ET Q q 0 0 0 rg BT 319.41 671.25 Td (or ) Tj ET Q q 0 0 0 rg BT 329.35 671.25 Td (as ) Tj ET Q q 0 0 0 rg BT 339.29 671.25 Td (not ) Tj ET Q q 0 0 0 rg BT 353.68 671.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 390.84 671.25 Td (as ) Tj ET Q q 0 0 0 rg BT 400.78 671.25 Td (an ) Tj ET Q q 0 0 0 rg BT 411.83 671.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 432.88 671.25 Td (held ) Tj ET Q q 0 0 0 rg BT 451.71 671.25 Td (for ) Tj ET Q q 0 0 0 rg BT 464.98 671.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 495.46 671.25 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 659.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 100.38 659.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.60 659.25 Td (some ) Tj ET Q q 0 0 0 rg BT 134.15 659.25 Td (instances, ) Tj ET Q q 0 0 0 rg BT 175.74 659.25 Td (would ) Tj ET Q q 0 0 0 rg BT 203.18 659.25 Td (require ) Tj ET Q q 0 0 0 rg BT 233.94 659.25 Td (divestiture ) Tj ET Q q 0 0 0 rg BT 278.59 659.25 Td (or ) Tj ET Q q 0 0 0 rg BT 289.36 659.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 340.66 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.43 659.25 Td (such ) Tj ET Q q 0 0 0 rg BT 372.20 659.25 Td (non-qualifying ) Tj ET Q q 0 0 0 rg BT 434.07 659.25 Td (investments. ) Tj ET Q q 0 0 0 rg BT 486.61 659.25 Td (W) Tj ET Q q 0 0 0 rg BT 495.25 659.25 Td (e ) Tj ET Q q 0 0 0 rg BT 502.13 659.25 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 647.25 Td (that ) Tj ET Q q 0 0 0 rg BT 98.29 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.80 647.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 158.98 647.25 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 200.16 647.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.78 647.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 229.30 647.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.59 647.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 272.76 647.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.49 647.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 308.01 647.25 Td ( ) Tj ET Q q 0 0 0 rg BT 310.30 647.25 Td (NY) Tj ET Q q 0 0 0 rg BT 324.38 647.25 Td ( ) Tj ET Q q 0 0 0 rg BT 326.67 647.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 367.83 647.25 Td (as ) Tj ET Q q 0 0 0 rg BT 378.45 647.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.08 647.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 449.14 647.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.14 647.25 Td ( ) Tj ET Q q 0 0 0 rg BT 471.43 647.25 Td (complied ) Tj ET Q q 0 0 0 rg BT 510.94 647.25 Td (in ) Tj ET Q q 0 0 0 rg BT 521.01 647.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 635.25 Td (material ) Tj ET Q q 0 0 0 rg BT 116.26 635.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 150.97 635.25 Td (with ) Tj ET Q q 0 0 0 rg BT 171.24 635.25 Td (such ) Tj ET Q q 0 0 0 rg BT 192.07 635.25 Td (regulations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 609.75 Td (Privacy ) Tj ET Q q 0 0 0 rg BT 114.59 609.75 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 593.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.74 593.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 166.58 593.25 Td (are ) Tj ET Q q 0 0 0 rg BT 180.98 593.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 211.49 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 221.46 593.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 250.84 593.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 280.79 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.41 593.25 Td (state ) Tj ET Q q 0 0 0 rg BT 317.92 593.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 338.44 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.07 593.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 401.69 593.25 Td (that ) Tj ET Q q 0 0 0 rg BT 418.87 593.25 Td (require ) Tj ET Q q 0 0 0 rg BT 449.38 593.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 486.54 593.25 Td (institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.21 581.25 Td (other ) Tj ET Q q 0 0 0 rg BT 121.52 581.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 166.51 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.06 581.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 207.59 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.57 581.25 Td (security ) Tj ET Q q 0 0 0 rg BT 256.99 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 274.20 581.25 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 335.28 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.38 581.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 383.03 581.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 435.50 581.25 Td (including ) Tj ET Q q 0 0 0 rg BT 476.05 581.25 Td (health-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.50 569.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 136.22 569.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 188.00 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.50 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.34 569.25 Td (notify ) Tj ET Q q 0 0 0 rg BT 240.30 569.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 282.91 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.41 569.25 Td (other ) Tj ET Q q 0 0 0 rg BT 322.02 569.25 Td (individuals ) Tj ET Q q 0 0 0 rg BT 368.53 569.25 Td (about ) Tj ET Q q 0 0 0 rg BT 392.81 569.25 Td (their ) Tj ET Q q 0 0 0 rg BT 413.20 569.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 446.37 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.87 569.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 500.47 569.25 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 90.16 557.25 Td (their ) Tj ET Q q 0 0 0 rg BT 109.87 557.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 150.68 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.50 557.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 208.43 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.14 557.25 Td (health-related ) Tj ET Q q 0 0 0 rg BT 274.49 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.31 557.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 328.34 557.25 Td (information ) Tj ET Q q 0 0 0 rg BT 376.94 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.76 557.25 Td (their ) Tj ET Q q 0 0 0 rg BT 412.46 557.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 449.38 557.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 481.30 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 490.46 557.25 Td (protecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.77 545.25 Td (security ) Tj ET Q q 0 0 0 rg BT 133.97 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.96 545.25 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 215.83 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.71 545.25 Td (such ) Tj ET Q q 0 0 0 rg BT 251.59 545.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 305.52 545.25 Td (These ) Tj ET Q q 0 0 0 rg BT 333.95 545.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 356.83 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 375.82 545.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 424.81 545.25 Td (require ) Tj ET Q q 0 0 0 rg BT 457.67 545.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 486.66 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 498.99 545.25 Td (af) Tj ET Q q 0 0 0 rg BT 506.57 545.25 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 533.25 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 130.14 533.25 Td (law ) Tj ET Q q 0 0 0 rg BT 146.78 533.25 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 198.96 533.25 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 238.08 533.25 Td (regulators ) Tj ET Q q 0 0 0 rg BT 280.27 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.91 533.25 Td (others ) Tj ET Q q 0 0 0 rg BT 323.55 533.25 Td (if ) Tj ET Q q 0 0 0 rg BT 331.86 533.25 Td (there ) Tj ET Q q 0 0 0 rg BT 354.04 533.25 Td (is ) Tj ET Q q 0 0 0 rg BT 362.91 533.25 Td (a ) Tj ET Q q 0 0 0 rg BT 369.55 533.25 Td (breach ) Tj ET Q q 0 0 0 rg BT 398.40 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.93 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.35 533.25 Td (security ) Tj ET Q q 0 0 0 rg BT 457.21 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.74 533.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 497.14 533.25 Td (personal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 521.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 133.14 521.25 Td (including ) Tj ET Q q 0 0 0 rg BT 173.35 521.25 Td (social ) Tj ET Q q 0 0 0 rg BT 199.10 521.25 Td (security ) Tj ET Q q 0 0 0 rg BT 233.19 521.25 Td (numbers, ) Tj ET Q q 0 0 0 rg BT 272.56 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.43 521.25 Td (require ) Tj ET Q q 0 0 0 rg BT 320.17 521.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 352.04 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.80 521.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 392.44 521.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 428.74 521.25 Td (information ) Tj ET Q q 0 0 0 rg BT 478.39 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 488.59 521.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 518.79 521.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 509.25 Td (security ) Tj ET Q q 0 0 0 rg BT 114.84 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.35 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.74 509.25 Td (data. ) Tj ET Q q 0 0 0 rg BT 161.08 509.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 178.81 509.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 222.65 509.25 Td (are ) Tj ET Q q 0 0 0 rg BT 237.03 509.25 Td (also ) Tj ET Q q 0 0 0 rg BT 255.32 509.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 285.83 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.79 509.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 325.17 509.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 355.10 509.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 401.72 509.25 Td (that ) Tj ET Q q 0 0 0 rg BT 418.89 509.25 Td (require ) Tj ET Q q 0 0 0 rg BT 449.39 509.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 486.55 509.25 Td (institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.30 497.25 Td (creditors ) Tj ET Q q 0 0 0 rg BT 134.14 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.78 497.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 188.41 497.25 Td (ef) Tj ET Q q 0 0 0 rg BT 196.00 497.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 225.06 497.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 264.69 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.33 497.25 Td (detect, ) Tj ET Q q 0 0 0 rg BT 302.56 497.25 Td (prevent, ) Tj ET Q q 0 0 0 rg BT 336.91 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.21 497.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 387.84 497.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 420.25 497.25 Td (theft. ) Tj ET Q q 0 0 0 rg BT 442.93 497.25 Td (In ) Tj ET Q q 0 0 0 rg BT 453.12 497.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 490.26 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 505.45 497.25 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.43 485.25 Td (make ) Tj ET Q q 0 0 0 rg BT 115.74 485.25 Td (telemarketing ) Tj ET Q q 0 0 0 rg BT 173.38 485.25 Td (calls ) Tj ET Q q 0 0 0 rg BT 194.36 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.45 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 221.88 485.25 Td (send ) Tj ET Q q 0 0 0 rg BT 242.87 485.25 Td (unsolicited ) Tj ET Q q 0 0 0 rg BT 289.41 485.25 Td (e-mail ) Tj ET Q q 0 0 0 rg BT 317.60 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 328.59 485.25 Td (fax ) Tj ET Q q 0 0 0 rg BT 344.01 485.25 Td (messages ) Tj ET Q q 0 0 0 rg BT 384.44 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.87 485.25 Td (consumers ) Tj ET Q q 0 0 0 rg BT 440.29 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.39 485.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 500.59 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.68 485.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 473.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 101.97 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.05 473.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 145.01 473.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 182.63 473.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 236.10 473.25 Td (including ) Tj ET Q q 0 0 0 rg BT 277.62 473.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 320.25 473.25 Td (report ) Tj ET Q q 0 0 0 rg BT 347.88 473.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 401.34 473.25 Td (are ) Tj ET Q q 0 0 0 rg BT 417.30 473.25 Td (regulated. ) Tj ET Q q 0 0 0 rg BT 460.75 473.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 494.49 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.68 473.25 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 461.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 135.05 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.88 461.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 195.37 461.25 Td (bodies ) Tj ET Q q 0 0 0 rg BT 223.87 461.25 Td (may ) Tj ET Q q 0 0 0 rg BT 243.48 461.25 Td (be ) Tj ET Q q 0 0 0 rg BT 255.31 461.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 293.23 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.40 461.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 339.67 461.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 382.05 461.25 Td (or ) Tj ET Q q 0 0 0 rg BT 392.78 461.25 Td (more ) Tj ET Q q 0 0 0 rg BT 415.72 461.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 449.76 461.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 492.69 461.25 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 449.25 Td (these ) Tj ET Q q 0 0 0 rg BT 104.05 449.25 Td (subjects ) Tj ET Q q 0 0 0 rg BT 138.76 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.70 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.42 449.25 Td (privacy ) Tj ET Q q 0 0 0 rg BT 202.90 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.84 449.25 Td (security ) Tj ET Q q 0 0 0 rg BT 254.00 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.83 449.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 301.21 449.25 Td (information. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 428.25 Td (FIAs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 411.75 Td (In ) Tj ET Q q 0 0 0 rg BT 115.70 411.75 Td (recent ) Tj ET Q q 0 0 0 rg BT 142.50 411.75 Td (years, ) Tj ET Q q 0 0 0 rg BT 168.48 411.75 Td (the ) Tj ET Q q 0 0 0 rg BT 183.07 411.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 203.23 411.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 245.03 411.75 Td (and ) Tj ET Q q 0 0 0 rg BT 261.85 411.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 303.64 411.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 356.59 411.75 Td (\("SEC"\) ) Tj ET Q q 0 0 0 rg BT 392.12 411.75 Td (and ) Tj ET Q q 0 0 0 rg BT 408.94 411.75 Td (state ) Tj ET Q q 0 0 0 rg BT 429.64 411.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 469.77 411.75 Td (regulators ) Tj ET Q q 0 0 0 rg BT 512.13 411.75 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 399.75 Td (questioned ) Tj ET Q q 0 0 0 rg BT 127.73 399.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 163.34 399.75 Td (FIAs, ) Tj ET Q q 0 0 0 rg BT 189.24 399.75 Td (such ) Tj ET Q q 0 0 0 rg BT 210.98 399.75 Td (as ) Tj ET Q q 0 0 0 rg BT 222.71 399.75 Td (those ) Tj ET Q q 0 0 0 rg BT 247.22 399.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 267.29 399.75 Td (by ) Tj ET Q q 0 0 0 rg BT 280.69 399.75 Td (us, ) Tj ET Q q 0 0 0 rg BT 295.49 399.75 Td (should ) Tj ET Q q 0 0 0 rg BT 325.56 399.75 Td (be ) Tj ET Q q 0 0 0 rg BT 338.40 399.75 Td (treated ) Tj ET Q q 0 0 0 rg BT 369.01 399.75 Td (as ) Tj ET Q q 0 0 0 rg BT 380.74 399.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 421.90 399.75 Td (under ) Tj ET Q q 0 0 0 rg BT 448.08 399.75 Td (the ) Tj ET Q q 0 0 0 rg BT 463.69 399.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 494.85 399.75 Td (and ) Tj ET Q q 0 0 0 rg BT 512.69 399.75 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 387.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 120.31 387.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 140.19 387.75 Td (rather ) Tj ET Q q 0 0 0 rg BT 165.06 387.75 Td (than ) Tj ET Q q 0 0 0 rg BT 183.82 387.75 Td (as ) Tj ET Q q 0 0 0 rg BT 193.70 387.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 233.57 387.75 Td (products ) Tj ET Q q 0 0 0 rg BT 269.56 387.75 Td (exempted ) Tj ET Q q 0 0 0 rg BT 309.98 387.75 Td (from ) Tj ET Q q 0 0 0 rg BT 330.96 387.75 Td (such ) Tj ET Q q 0 0 0 rg BT 350.84 387.75 Td (laws. ) Tj ET Q q 0 0 0 rg BT 373.11 387.75 Td (T) Tj ET Q q 0 0 0 rg BT 378.87 387.75 Td (reatment ) Tj ET Q q 0 0 0 rg BT 415.40 387.75 Td (of ) Tj ET Q q 0 0 0 rg BT 425.28 387.75 Td (these ) Tj ET Q q 0 0 0 rg BT 447.37 387.75 Td (products ) Tj ET Q q 0 0 0 rg BT 483.36 387.75 Td (as ) Tj ET Q q 0 0 0 rg BT 493.24 387.75 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 375.75 Td (would ) Tj ET Q q 0 0 0 rg BT 108.34 375.75 Td (require ) Tj ET Q q 0 0 0 rg BT 139.00 375.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 181.34 375.75 Td (registration ) Tj ET Q q 0 0 0 rg BT 229.22 375.75 Td (and ) Tj ET Q q 0 0 0 rg BT 246.00 375.75 Td (licensing ) Tj ET Q q 0 0 0 rg BT 284.45 375.75 Td (of ) Tj ET Q q 0 0 0 rg BT 295.13 375.75 Td (these ) Tj ET Q q 0 0 0 rg BT 318.02 375.75 Td (products ) Tj ET Q q 0 0 0 rg BT 354.80 375.75 Td (and ) Tj ET Q q 0 0 0 rg BT 371.58 375.75 Td (the ) Tj ET Q q 0 0 0 rg BT 386.14 375.75 Td (agents ) Tj ET Q q 0 0 0 rg BT 414.03 375.75 Td (selling ) Tj ET Q q 0 0 0 rg BT 443.04 375.75 Td (them, ) Tj ET Q q 0 0 0 rg BT 467.88 375.75 Td (as ) Tj ET Q q 0 0 0 rg BT 478.55 375.75 Td (well ) Tj ET Q q 0 0 0 rg BT 498.11 375.75 Td (as ) Tj ET Q q 0 0 0 rg BT 508.79 375.75 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 363.75 Td (us ) Tj ET Q q 0 0 0 rg BT 92.21 363.75 Td (to ) Tj ET Q q 0 0 0 rg BT 102.31 363.75 Td (seek ) Tj ET Q q 0 0 0 rg BT 122.40 363.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 164.72 363.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 207.58 363.75 Td (relationships ) Tj ET Q q 0 0 0 rg BT 261.00 363.75 Td (for ) Tj ET Q q 0 0 0 rg BT 274.99 363.75 Td (these ) Tj ET Q q 0 0 0 rg BT 297.86 363.75 Td (products, ) Tj ET Q q 0 0 0 rg BT 337.12 363.75 Td (any ) Tj ET Q q 0 0 0 rg BT 353.88 363.75 Td (of ) Tj ET Q q 0 0 0 rg BT 364.53 363.75 Td (which ) Tj ET Q q 0 0 0 rg BT 391.29 363.75 Td (may ) Tj ET Q q 0 0 0 rg BT 410.83 363.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 442.04 363.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 486.57 363.75 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 351.75 Td (on ) Tj ET Q q 0 0 0 rg BT 93.16 351.75 Td (our ) Tj ET Q q 0 0 0 rg BT 108.64 351.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 136.35 351.75 Td (to ) Tj ET Q q 0 0 0 rg BT 146.29 351.75 Td (conduct ) Tj ET Q q 0 0 0 rg BT 180.10 351.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 223.91 351.75 Td (as ) Tj ET Q q 0 0 0 rg BT 234.40 351.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 272.65 351.75 Td (operated. ) Tj ET Q q 0 0 0 rg BT 311.73 351.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 338.88 351.75 Td (the ) Tj ET Q q 0 0 0 rg BT 353.25 351.75 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 403.82 351.75 Td (Act, ) Tj ET Q q 0 0 0 rg BT 422.91 351.75 Td (annuities ) Tj ET Q q 0 0 0 rg BT 461.17 351.75 Td (that ) Tj ET Q q 0 0 0 rg BT 478.33 351.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 499.92 351.75 Td (specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 339.75 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 137.30 339.75 Td (including ) Tj ET Q q 0 0 0 rg BT 176.66 339.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 230.46 339.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 262.59 339.75 Td (to ) Tj ET Q q 0 0 0 rg BT 271.96 339.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 300.76 339.75 Td (state ) Tj ET Q q 0 0 0 rg BT 320.68 339.75 Td (suitability ) Tj ET Q q 0 0 0 rg BT 362.27 339.75 Td (rules, ) Tj ET Q q 0 0 0 rg BT 385.80 339.75 Td (are ) Tj ET Q q 0 0 0 rg BT 399.60 339.75 Td (specifically ) Tj ET Q q 0 0 0 rg BT 447.29 339.75 Td (exempted ) Tj ET Q q 0 0 0 rg BT 487.75 339.75 Td (from ) Tj ET Q q 0 0 0 rg BT 508.78 339.75 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 327.75 Td (treated ) Tj ET Q q 0 0 0 rg BT 110.47 327.75 Td (as ) Tj ET Q q 0 0 0 rg BT 121.06 327.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 161.09 327.75 Td (by ) Tj ET Q q 0 0 0 rg BT 173.35 327.75 Td (the ) Tj ET Q q 0 0 0 rg BT 187.83 327.75 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 210.77 327.75 Td (W) Tj ET Q q 0 0 0 rg BT 219.41 327.75 Td (e ) Tj ET Q q 0 0 0 rg BT 226.11 327.75 Td (expect ) Tj ET Q q 0 0 0 rg BT 254.46 327.75 Td (that ) Tj ET Q q 0 0 0 rg BT 271.72 327.75 Td (the ) Tj ET Q q 0 0 0 rg BT 286.20 327.75 Td (types ) Tj ET Q q 0 0 0 rg BT 309.57 327.75 Td (of ) Tj ET Q q 0 0 0 rg BT 320.17 327.75 Td (FIAs ) Tj ET Q q 0 0 0 rg BT 342.44 327.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 360.96 327.75 Td ( ) Tj ET Q q 0 0 0 rg BT 363.22 327.75 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 404.35 327.75 Td (and ) Tj ET Q q 0 0 0 rg BT 421.05 327.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 439.57 327.75 Td ( ) Tj ET Q q 0 0 0 rg BT 441.83 327.75 Td (NY) Tj ET Q q 0 0 0 rg BT 455.91 327.75 Td ( ) Tj ET Q q 0 0 0 rg BT 458.17 327.75 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 499.30 327.75 Td (sell ) Tj ET Q q 0 0 0 rg BT 515.45 327.75 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 315.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 102.76 315.75 Td (these ) Tj ET Q q 0 0 0 rg BT 125.64 315.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 180.17 315.75 Td (and ) Tj ET Q q 0 0 0 rg BT 196.94 315.75 Td (therefore ) Tj ET Q q 0 0 0 rg BT 235.36 315.75 Td (are ) Tj ET Q q 0 0 0 rg BT 249.90 315.75 Td (exempt ) Tj ET Q q 0 0 0 rg BT 281.66 315.75 Td (from ) Tj ET Q q 0 0 0 rg BT 303.43 315.75 Td (being ) Tj ET Q q 0 0 0 rg BT 327.98 315.75 Td (treated ) Tj ET Q q 0 0 0 rg BT 357.51 315.75 Td (as ) Tj ET Q q 0 0 0 rg BT 368.17 315.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 408.26 315.75 Td (by ) Tj ET Q q 0 0 0 rg BT 420.59 315.75 Td (the ) Tj ET Q q 0 0 0 rg BT 435.14 315.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 455.81 315.75 Td (and ) Tj ET Q q 0 0 0 rg BT 472.58 315.75 Td (state ) Tj ET Q q 0 0 0 rg BT 493.24 315.75 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 303.75 Td (regulators. ) Tj ET Q q 0 0 0 rg BT 126.63 303.75 Td (However) Tj ET Q q 0 0 0 rg BT 162.88 303.75 Td (, ) Tj ET Q q 0 0 0 rg BT 168.51 303.75 Td (there ) Tj ET Q q 0 0 0 rg BT 191.64 303.75 Td (can ) Tj ET Q q 0 0 0 rg BT 208.66 303.75 Td (be ) Tj ET Q q 0 0 0 rg BT 221.23 303.75 Td (no ) Tj ET Q q 0 0 0 rg BT 234.37 303.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 276.38 303.75 Td (that ) Tj ET Q q 0 0 0 rg BT 294.52 303.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 325.41 303.75 Td (or ) Tj ET Q q 0 0 0 rg BT 336.88 303.75 Td (state ) Tj ET Q q 0 0 0 rg BT 358.34 303.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 399.25 303.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 420.72 303.75 Td (or ) Tj ET Q q 0 0 0 rg BT 432.19 303.75 Td (state ) Tj ET Q q 0 0 0 rg BT 453.65 303.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 495.11 303.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 516.58 303.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 291.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 127.93 291.75 Td (will ) Tj ET Q q 0 0 0 rg BT 145.99 291.75 Td (not ) Tj ET Q q 0 0 0 rg BT 161.27 291.75 Td (be ) Tj ET Q q 0 0 0 rg BT 173.21 291.75 Td (amended ) Tj ET Q q 0 0 0 rg BT 211.80 291.75 Td (or ) Tj ET Q q 0 0 0 rg BT 222.63 291.75 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 268.44 291.75 Td (to ) Tj ET Q q 0 0 0 rg BT 278.72 291.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 310.11 291.75 Td (further ) Tj ET Q q 0 0 0 rg BT 339.81 291.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 394.52 291.75 Td (on ) Tj ET Q q 0 0 0 rg BT 407.02 291.75 Td (FIAs. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 266.25 Td (The ) Tj ET Q q 0 0 0 rg BT 99.61 266.25 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 153.41 266.25 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 249.75 Td (The ) Tj ET Q q 0 0 0 rg BT 123.11 249.75 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 173.99 249.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 190.99 249.75 Td (makes ) Tj ET Q q 0 0 0 rg BT 219.10 249.75 Td (sweeping ) Tj ET Q q 0 0 0 rg BT 259.43 249.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 294.20 249.75 Td (to ) Tj ET Q q 0 0 0 rg BT 304.54 249.75 Td (the ) Tj ET Q q 0 0 0 rg BT 319.32 249.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 362.42 249.75 Td (of ) Tj ET Q q 0 0 0 rg BT 373.32 249.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 410.86 249.75 Td (services ) Tj ET Q q 0 0 0 rg BT 445.63 249.75 Td (entities, ) Tj ET Q q 0 0 0 rg BT 479.57 249.75 Td (products ) Tj ET Q q 0 0 0 rg BT 516.57 249.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 237.75 Td (markets. ) Tj ET Q q 0 0 0 rg BT 117.65 237.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 149.57 237.75 Td (provisions ) Tj ET Q q 0 0 0 rg BT 193.73 237.75 Td (of ) Tj ET Q q 0 0 0 rg BT 204.55 237.75 Td (the ) Tj ET Q q 0 0 0 rg BT 219.26 237.75 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 270.08 237.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 287.01 237.75 Td (are ) Tj ET Q q 0 0 0 rg BT 301.71 237.75 Td (or ) Tj ET Q q 0 0 0 rg BT 312.53 237.75 Td (may ) Tj ET Q q 0 0 0 rg BT 332.23 237.75 Td (become ) Tj ET Q q 0 0 0 rg BT 365.82 237.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 409.40 237.75 Td (to ) Tj ET Q q 0 0 0 rg BT 419.66 237.75 Td (us, ) Tj ET Q q 0 0 0 rg BT 433.55 237.75 Td (our ) Tj ET Q q 0 0 0 rg BT 449.37 237.75 Td (competitors ) Tj ET Q q 0 0 0 rg BT 499.07 237.75 Td (or ) Tj ET Q q 0 0 0 rg BT 509.89 237.75 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 225.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 112.38 225.75 Td (with ) Tj ET Q q 0 0 0 rg BT 132.66 225.75 Td (which ) Tj ET Q q 0 0 0 rg BT 159.60 225.75 Td (we ) Tj ET Q q 0 0 0 rg BT 173.76 225.75 Td (do ) Tj ET Q q 0 0 0 rg BT 186.26 225.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 225.15 225.75 Td (including, ) Tj ET Q q 0 0 0 rg BT 267.92 225.75 Td (but ) Tj ET Q q 0 0 0 rg BT 283.20 225.75 Td (not ) Tj ET Q q 0 0 0 rg BT 298.48 225.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 329.31 225.75 Td (to: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 209.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 209.25 Td (establishment ) Tj ET Q q 0 0 0 rg BT 189.21 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.04 209.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 230.29 209.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 273.88 209.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 312.49 209.25 Td (over ) Tj ET Q q 0 0 0 rg BT 332.76 209.25 Td (derivatives; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 192.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 192.75 Td (the ) Tj ET Q q 0 0 0 rg BT 131.26 192.75 Td (establishment ) Tj ET Q q 0 0 0 rg BT 188.29 192.75 Td (of ) Tj ET Q q 0 0 0 rg BT 198.66 192.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 251.24 192.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 281.04 192.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 323.62 192.75 Td (and ) Tj ET Q q 0 0 0 rg BT 340.10 192.75 Td (resolution ) Tj ET Q q 0 0 0 rg BT 382.14 192.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 420.28 192.75 Td (over ) Tj ET Q q 0 0 0 rg BT 440.09 192.75 Td (systemically ) Tj ET Q q 0 0 0 rg BT 492.12 192.75 Td (important ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 180.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.48 180.75 Td (services ) Tj ET Q q 0 0 0 rg BT 189.19 180.75 Td (firms; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 164.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 164.25 Td (establishment ) Tj ET Q q 0 0 0 rg BT 189.21 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.04 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.75 164.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 247.24 164.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 288.61 164.25 Td (Of) Tj ET Q q 0 0 0 rg BT 298.98 164.25 Td (fice; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 147.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 147.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 147.75 Td (to ) Tj ET Q q 0 0 0 rg BT 161.99 147.75 Td (the ) Tj ET Q q 0 0 0 rg BT 176.70 147.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 219.74 147.75 Td (of ) Tj ET Q q 0 0 0 rg BT 230.57 147.75 Td (broker ) Tj ET Q q 0 0 0 rg BT 259.17 147.75 Td (dealers ) Tj ET Q q 0 0 0 rg BT 289.99 147.75 Td (and ) Tj ET Q q 0 0 0 rg BT 306.93 147.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 353.31 147.75 Td (advisors; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 131.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 131.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 131.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.99 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.70 131.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 219.74 131.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.57 131.25 Td (reinsurance; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 114.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 114.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 114.75 Td (to ) Tj ET Q q 0 0 0 rg BT 161.99 114.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 208.92 114.75 Td (af) Tj ET Q q 0 0 0 rg BT 216.51 114.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 246.77 114.75 Td (the ) Tj ET Q q 0 0 0 rg BT 261.49 114.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 286.77 114.75 Td (of ) Tj ET Q q 0 0 0 rg BT 297.60 114.75 Td (shareholders; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 98.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 98.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 98.25 Td (imposition ) Tj ET Q q 0 0 0 rg BT 177.00 98.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.83 98.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 230.32 98.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 273.36 98.25 Td (over ) Tj ET Q q 0 0 0 rg BT 293.63 98.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 318.89 98.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 344.72 98.25 Td (agencies; ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 99.00 92.55 Td ( ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 117.00 92.55 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 80.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 80.55 Td (the ) Tj ET Q q 0 0 0 rg BT 131.60 80.55 Td (imposition ) Tj ET Q q 0 0 0 rg BT 176.77 80.55 Td (of ) Tj ET Q q 0 0 0 rg BT 187.48 80.55 Td (concentration ) Tj ET Q q 0 0 0 rg BT 244.29 80.55 Td (limits ) Tj ET Q q 0 0 0 rg BT 269.45 80.55 Td (on ) Tj ET Q q 0 0 0 rg BT 281.84 80.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.20 80.55 Td (institutions ) Tj ET Q q 0 0 0 rg BT 366.04 80.55 Td (that ) Tj ET Q q 0 0 0 rg BT 383.42 80.55 Td (restrict ) Tj ET Q q 0 0 0 rg BT 413.57 80.55 Td (the ) Tj ET Q q 0 0 0 rg BT 428.17 80.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 460.55 80.55 Td (of ) Tj ET Q q 0 0 0 rg BT 471.26 80.55 Td (credit ) Tj ET Q q 0 0 0 rg BT 496.41 80.55 Td (that ) Tj ET Q q 0 0 0 rg BT 513.79 80.55 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 68.55 Td (be ) Tj ET Q q 0 0 0 rg BT 128.94 68.55 Td (extended ) Tj ET Q q 0 0 0 rg BT 167.53 68.55 Td (to ) Tj ET Q q 0 0 0 rg BT 177.81 68.55 Td (a ) Tj ET Q q 0 0 0 rg BT 184.75 68.55 Td (single ) Tj ET Q q 0 0 0 rg BT 211.14 68.55 Td (person ) Tj ET Q q 0 0 0 rg BT 240.30 68.55 Td (or ) Tj ET Q q 0 0 0 rg BT 251.13 68.55 Td (entity; ) Tj ET Q q 0 0 0 rg BT 279.18 68.55 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 52.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 52.05 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 52.05 Td (clearing ) Tj ET Q q 0 0 0 rg BT 166.42 52.05 Td (of ) Tj ET Q q 0 0 0 rg BT 177.25 52.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 219.73 52.05 Td (contracts. ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 735.60 Td (Numerous ) Tj ET Q q 0 0 0 rg BT 149.30 735.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 193.61 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 204.58 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 219.43 735.60 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 270.37 735.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 287.45 735.60 Td (require ) Tj ET Q q 0 0 0 rg BT 318.40 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.26 735.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 370.89 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.86 735.60 Td (implementing ) Tj ET Q q 0 0 0 rg BT 440.05 735.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 462.13 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 473.10 735.60 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 522.67 735.60 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 118.50 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.94 723.60 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 183.55 723.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 200.22 723.60 Td (mandates ) Tj ET Q q 0 0 0 rg BT 240.20 723.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 275.76 723.60 Td (studies, ) Tj ET Q q 0 0 0 rg BT 308.26 723.60 Td (which ) Tj ET Q q 0 0 0 rg BT 334.92 723.60 Td (could ) Tj ET Q q 0 0 0 rg BT 359.36 723.60 Td (result ) Tj ET Q q 0 0 0 rg BT 383.81 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 393.81 723.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 436.02 723.60 Td (legislation ) Tj ET Q q 0 0 0 rg BT 479.91 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 490.46 723.60 Td (regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 124.65 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.00 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.78 711.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 190.66 711.60 Td (industry) Tj ET Q q 0 0 0 rg BT 222.79 711.60 Td (, ) Tj ET Q q 0 0 0 rg BT 227.85 711.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 241.81 711.60 Td (our ) Tj ET Q q 0 0 0 rg BT 257.70 711.60 Td (competitors ) Tj ET Q q 0 0 0 rg BT 307.48 711.60 Td (or ) Tj ET Q q 0 0 0 rg BT 318.38 711.60 Td (those ) Tj ET Q q 0 0 0 rg BT 342.05 711.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 373.50 711.60 Td (with ) Tj ET Q q 0 0 0 rg BT 393.84 711.60 Td (which ) Tj ET Q q 0 0 0 rg BT 420.84 711.60 Td (we ) Tj ET Q q 0 0 0 rg BT 435.07 711.60 Td (do ) Tj ET Q q 0 0 0 rg BT 447.63 711.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 486.59 711.60 Td (Legislative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.84 699.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 135.44 699.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 190.15 699.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 226.54 699.60 Td (by ) Tj ET Q q 0 0 0 rg BT 239.05 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 249.89 699.60 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 302.94 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 313.22 699.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 359.60 699.60 Td (with ) Tj ET Q q 0 0 0 rg BT 379.89 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.61 699.60 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 445.45 699.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 462.39 699.60 Td (may ) Tj ET Q q 0 0 0 rg BT 482.12 699.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 511.84 699.60 Td (us ) Tj ET Q q 0 0 0 rg BT 523.23 699.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (many ) Tj ET Q q 0 0 0 rg BT 105.72 687.60 Td (ways, ) Tj ET Q q 0 0 0 rg BT 131.27 687.60 Td (including, ) Tj ET Q q 0 0 0 rg BT 174.04 687.60 Td (but ) Tj ET Q q 0 0 0 rg BT 189.32 687.60 Td (not ) Tj ET Q q 0 0 0 rg BT 204.60 687.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 235.43 687.60 Td (to: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 671.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 671.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 148.93 671.10 Td (us ) Tj ET Q q 0 0 0 rg BT 160.33 671.10 Td (at ) Tj ET Q q 0 0 0 rg BT 170.04 671.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.98 671.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 226.69 671.10 Td (disadvantage ) Tj ET Q q 0 0 0 rg BT 281.39 671.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 313.87 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.15 671.10 Td (our ) Tj ET Q q 0 0 0 rg BT 339.98 671.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 390.25 671.10 Td (or ) Tj ET Q q 0 0 0 rg BT 401.08 671.10 Td (other ) Tj ET Q q 0 0 0 rg BT 424.12 671.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.60 671.10 Td (services ) Tj ET Q q 0 0 0 rg BT 496.31 671.10 Td (entities; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 654.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 654.60 Td (changing ) Tj ET Q q 0 0 0 rg BT 156.16 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.87 654.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 220.58 654.60 Td (landscape ) Tj ET Q q 0 0 0 rg BT 262.50 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.33 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.05 654.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.53 654.60 Td (services ) Tj ET Q q 0 0 0 rg BT 360.24 654.60 Td (sector ) Tj ET Q q 0 0 0 rg BT 386.61 654.60 Td (or ) Tj ET Q q 0 0 0 rg BT 397.44 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.16 654.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 452.98 654.60 Td (industry; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 638.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 638.10 Td (making ) Tj ET Q q 0 0 0 rg BT 149.50 638.10 Td (it ) Tj ET Q q 0 0 0 rg BT 157.55 638.10 Td (more ) Tj ET Q q 0 0 0 rg BT 180.60 638.10 Td (expensive ) Tj ET Q q 0 0 0 rg BT 223.08 638.10 Td (for ) Tj ET Q q 0 0 0 rg BT 237.24 638.10 Td (us ) Tj ET Q q 0 0 0 rg BT 248.64 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.91 638.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 293.07 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 308.90 638.10 Td (business; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 621.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 621.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 156.16 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.87 621.60 Td (reallocation ) Tj ET Q q 0 0 0 rg BT 220.57 621.60 Td (of ) Tj ET Q q 0 0 0 rg BT 231.40 621.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 276.11 621.60 Td (company ) Tj ET Q q 0 0 0 rg BT 315.27 621.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 355.53 621.60 Td (to ) Tj ET Q q 0 0 0 rg BT 365.80 621.60 Td (government ) Tj ET Q q 0 0 0 rg BT 416.07 621.60 Td (af) Tj ET Q q 0 0 0 rg BT 423.66 621.60 Td (fairs; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 605.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 605.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 160.59 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.42 605.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 198.36 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.30 605.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 263.88 605.10 Td (related ) Tj ET Q q 0 0 0 rg BT 293.59 605.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 332.19 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.12 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.84 605.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 386.34 605.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 429.93 605.10 Td (therewith; ) Tj ET Q q 0 0 0 rg BT 472.98 605.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 588.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 588.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 157.40 588.60 Td (having ) Tj ET Q q 0 0 0 rg BT 186.14 588.60 Td (a ) Tj ET Q q 0 0 0 rg BT 192.10 588.60 Td (material ) Tj ET Q q 0 0 0 rg BT 226.38 588.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 258.43 588.60 Td (ef) Tj ET Q q 0 0 0 rg BT 266.02 588.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 282.53 588.60 Td (on ) Tj ET Q q 0 0 0 rg BT 294.05 588.60 Td (the ) Tj ET Q q 0 0 0 rg BT 307.79 588.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 337.07 588.60 Td (business ) Tj ET Q q 0 0 0 rg BT 372.48 588.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 403.43 588.60 Td (as ) Tj ET Q q 0 0 0 rg BT 413.28 588.60 Td (well ) Tj ET Q q 0 0 0 rg BT 432.02 588.60 Td (as ) Tj ET Q q 0 0 0 rg BT 441.87 588.60 Td (our ) Tj ET Q q 0 0 0 rg BT 456.72 588.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 493.23 588.60 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 576.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.94 576.60 Td (results ) Tj ET Q q 0 0 0 rg BT 162.55 576.60 Td (of ) Tj ET Q q 0 0 0 rg BT 173.38 576.60 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 555.60 Td (Until ) Tj ET Q q 0 0 0 rg BT 128.04 555.60 Td (various ) Tj ET Q q 0 0 0 rg BT 159.96 555.60 Td (studies ) Tj ET Q q 0 0 0 rg BT 190.21 555.60 Td (are ) Tj ET Q q 0 0 0 rg BT 204.90 555.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 249.03 555.60 Td (and ) Tj ET Q q 0 0 0 rg BT 265.95 555.60 Td (final ) Tj ET Q q 0 0 0 rg BT 286.76 555.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 333.67 555.60 Td (are ) Tj ET Q q 0 0 0 rg BT 348.36 555.60 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 401.38 555.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 438.30 555.60 Td (to ) Tj ET Q q 0 0 0 rg BT 448.56 555.60 Td (the ) Tj ET Q q 0 0 0 rg BT 463.26 555.60 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 514.07 555.60 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 543.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.99 543.60 Td (full ) Tj ET Q q 0 0 0 rg BT 112.64 543.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 142.63 543.60 Td (of ) Tj ET Q q 0 0 0 rg BT 153.73 543.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.71 543.60 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 219.75 543.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 236.96 543.60 Td (on ) Tj ET Q q 0 0 0 rg BT 249.73 543.60 Td (investments, ) Tj ET Q q 0 0 0 rg BT 302.77 543.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 349.43 543.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 388.30 543.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.50 543.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 446.59 543.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.80 543.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 496.56 543.60 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 531.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 531.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 110.35 531.60 Td ( ) Tj ET Q q 0 0 0 rg BT 112.85 531.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 154.22 531.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.16 531.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 189.68 531.60 Td ( ) Tj ET Q q 0 0 0 rg BT 192.18 531.60 Td (NY) Tj ET Q q 0 0 0 rg BT 206.25 531.60 Td ( ) Tj ET Q q 0 0 0 rg BT 208.75 531.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 250.12 531.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 284.27 531.60 Td (unclear) Tj ET Q q 0 0 0 rg BT 313.14 531.60 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 506.10 Td (ERISA) Tj ET Q q 0 0 0 rg BT 109.91 506.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 489.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 489.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.44 489.60 Td (may ) Tj ET Q q 0 0 0 rg BT 140.02 489.60 Td (of) Tj ET Q q 0 0 0 rg BT 148.17 489.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 161.63 489.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 191.20 489.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 231.88 489.60 Td (and ) Tj ET Q q 0 0 0 rg BT 248.68 489.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 281.04 489.60 Td (products ) Tj ET Q q 0 0 0 rg BT 317.84 489.60 Td (to ) Tj ET Q q 0 0 0 rg BT 327.98 489.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 369.21 489.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 399.34 489.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 422.81 489.60 Td (governed ) Tj ET Q q 0 0 0 rg BT 462.38 489.60 Td (by ) Tj ET Q q 0 0 0 rg BT 474.75 489.60 Td (ERISA) Tj ET Q q 0 0 0 rg BT 503.09 489.60 Td ( ) Tj ET Q q 0 0 0 rg BT 505.45 489.60 Td (and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 477.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.96 477.60 Td (Code, ) Tj ET Q q 0 0 0 rg BT 120.32 477.60 Td (including ) Tj ET Q q 0 0 0 rg BT 159.84 477.60 Td (group ) Tj ET Q q 0 0 0 rg BT 184.92 477.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 216.66 477.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 254.51 477.60 Td (designated ) Tj ET Q q 0 0 0 rg BT 299.02 477.60 Td (to ) Tj ET Q q 0 0 0 rg BT 308.54 477.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 328.62 477.60 Td (tax-qualified ) Tj ET Q q 0 0 0 rg BT 381.46 477.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 424.30 477.60 Td (plans. ) Tj ET Q q 0 0 0 rg BT 449.65 477.60 Td (ERISA) Tj ET Q q 0 0 0 rg BT 477.99 477.60 Td ( ) Tj ET Q q 0 0 0 rg BT 479.74 477.60 Td (and ) Tj ET Q q 0 0 0 rg BT 495.93 477.60 Td (the ) Tj ET Q q 0 0 0 rg BT 509.89 477.60 Td (Code ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 465.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 116.30 465.60 Td (\(among ) Tj ET Q q 0 0 0 rg BT 151.61 465.60 Td (other ) Tj ET Q q 0 0 0 rg BT 176.91 465.60 Td (requirements\) ) Tj ET Q q 0 0 0 rg BT 237.20 465.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 279.73 465.60 Td (of ) Tj ET Q q 0 0 0 rg BT 292.82 465.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 329.23 465.60 Td (for ) Tj ET Q q 0 0 0 rg BT 345.65 465.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 389.27 465.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 421.80 465.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 443.77 465.60 Td (fiduciaries, ) Tj ET Q q 0 0 0 rg BT 493.23 465.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 453.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.16 453.60 Td (managers ) Tj ET Q q 0 0 0 rg BT 167.76 453.60 Td (and ) Tj ET Q q 0 0 0 rg BT 184.48 453.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 230.64 453.60 Td (advisers ) Tj ET Q q 0 0 0 rg BT 265.69 453.60 Td (with ) Tj ET Q q 0 0 0 rg BT 285.75 453.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 316.35 453.60 Td (to ) Tj ET Q q 0 0 0 rg BT 326.41 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 340.91 453.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 366.52 453.60 Td (of ) Tj ET Q q 0 0 0 rg BT 377.13 453.60 Td (such ) Tj ET Q q 0 0 0 rg BT 397.75 453.60 Td (plans, ) Tj ET Q q 0 0 0 rg BT 423.64 453.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.36 453.60 Td (holds ) Tj ET Q q 0 0 0 rg BT 464.31 453.60 Td (fiduciaries ) Tj ET Q q 0 0 0 rg BT 508.79 453.60 Td (liable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 441.60 Td (if ) Tj ET Q q 0 0 0 rg BT 89.61 441.60 Td (they ) Tj ET Q q 0 0 0 rg BT 109.33 441.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 125.15 441.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.43 441.60 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 164.04 441.60 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 202.63 441.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 242.90 441.60 Td (of ) Tj ET Q q 0 0 0 rg BT 253.73 441.60 Td (conduct. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 425.10 Td (In ) Tj ET Q q 0 0 0 rg BT 114.79 425.10 Td (April ) Tj ET Q q 0 0 0 rg BT 137.77 425.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 162.15 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.24 425.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 225.32 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.52 425.10 Td (Labor ) Tj ET Q q 0 0 0 rg BT 261.28 425.10 Td (released ) Tj ET Q q 0 0 0 rg BT 295.90 425.10 Td (its ) Tj ET Q q 0 0 0 rg BT 307.23 425.10 Td (final ) Tj ET Q q 0 0 0 rg BT 327.43 425.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 374.27 425.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 391.70 425.10 Td (which ) Tj ET Q q 0 0 0 rg BT 418.01 425.10 Td (could ) Tj ET Q q 0 0 0 rg BT 442.10 425.10 Td (have ) Tj ET Q q 0 0 0 rg BT 462.85 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.17 425.10 Td (material ) Tj ET Q q 0 0 0 rg BT 503.80 425.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 92.44 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.10 413.10 Td (Company) Tj ET Q q 0 0 0 rg BT 144.33 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 148.28 413.10 Td (its ) Tj ET Q q 0 0 0 rg BT 159.16 413.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 197.54 413.10 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 247.60 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.48 413.10 Td (business ) Tj ET Q q 0 0 0 rg BT 298.81 413.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 327.64 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 344.63 413.10 Td (final ) Tj ET Q q 0 0 0 rg BT 364.39 413.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 381.38 413.10 Td (treats ) Tj ET Q q 0 0 0 rg BT 404.48 413.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 436.47 413.10 Td (who ) Tj ET Q q 0 0 0 rg BT 455.13 413.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 487.12 413.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 401.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 109.33 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 123.22 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 129.89 401.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 144.33 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 154.89 401.10 Td (other ) Tj ET Q q 0 0 0 rg BT 177.67 401.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 235.44 401.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.45 401.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 286.00 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.00 401.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 321.57 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.13 401.10 Td (an ) Tj ET Q q 0 0 0 rg BT 343.80 401.10 Td (employer ) Tj ET Q q 0 0 0 rg BT 383.79 401.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 403.24 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.80 401.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 456.59 401.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 499.91 401.10 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 389.10 Td (\("IRA"\) ) Tj ET Q q 0 0 0 rg BT 115.91 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 127.10 389.10 Td (fiduciaries ) Tj ET Q q 0 0 0 rg BT 172.16 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.35 389.10 Td (that ) Tj ET Q q 0 0 0 rg BT 201.21 389.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 221.29 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.48 389.10 Td (IRA. ) Tj ET Q q 0 0 0 rg BT 255.06 389.10 Td (Significantly) Tj ET Q q 0 0 0 rg BT 306.07 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 311.43 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.51 389.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 344.92 389.10 Td (expands ) Tj ET Q q 0 0 0 rg BT 380.55 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.63 389.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 437.37 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.56 389.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 487.52 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.16 389.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 523.24 389.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 377.10 Td (persons, ) Tj ET Q q 0 0 0 rg BT 116.07 377.10 Td (including ) Tj ET Q q 0 0 0 rg BT 155.86 377.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 196.19 377.10 Td (agents, ) Tj ET Q q 0 0 0 rg BT 226.26 377.10 Td (who ) Tj ET Q q 0 0 0 rg BT 245.50 377.10 Td (advise ) Tj ET Q q 0 0 0 rg BT 273.06 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.52 377.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 305.43 377.10 Td (products ) Tj ET Q q 0 0 0 rg BT 341.88 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.68 377.10 Td (IRA) Tj ET Q q 0 0 0 rg BT 368.35 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.37 377.10 Td (owners. ) Tj ET Q q 0 0 0 rg BT 403.32 377.10 Td (As ) Tj ET Q q 0 0 0 rg BT 416.45 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.91 377.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 459.35 377.10 Td (matter) Tj ET Q q 0 0 0 rg BT 484.49 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 489.01 377.10 Td (this ) Tj ET Q q 0 0 0 rg BT 505.47 377.10 Td (means ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 365.10 Td (commissioned ) Tj ET Q q 0 0 0 rg BT 142.16 365.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 183.85 365.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 212.78 365.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 242.83 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.43 365.10 Td (Company) Tj ET Q q 0 0 0 rg BT 300.10 365.10 Td (s ) Tj ET Q q 0 0 0 rg BT 307.37 365.10 Td (IRA) Tj ET Q q 0 0 0 rg BT 324.04 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.42 365.10 Td (products ) Tj ET Q q 0 0 0 rg BT 365.25 365.10 Td (must ) Tj ET Q q 0 0 0 rg BT 388.08 365.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 419.78 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 434.83 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.65 365.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 487.13 365.10 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 353.10 Td (exemption ) Tj ET Q q 0 0 0 rg BT 125.66 353.10 Td (which ) Tj ET Q q 0 0 0 rg BT 152.56 353.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 187.22 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.88 353.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 225.99 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.88 353.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.32 353.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 323.33 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.56 353.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 355.45 353.10 Td (various ) Tj ET Q q 0 0 0 rg BT 387.34 353.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 431.46 353.10 Td (including ) Tj ET Q q 0 0 0 rg BT 471.68 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 489.13 353.10 Td (an ) Tj ET Q q 0 0 0 rg BT 501.02 353.10 Td (annuity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 341.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 99.85 341.10 Td (be ) Tj ET Q q 0 0 0 rg BT 112.59 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.67 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.19 341.10 Td ("best ) Tj ET Q q 0 0 0 rg BT 162.69 341.10 Td (interest" ) Tj ET Q q 0 0 0 rg BT 199.51 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.14 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.66 341.10 Td (client ) Tj ET Q q 0 0 0 rg BT 252.17 341.10 Td (without ) Tj ET Q q 0 0 0 rg BT 286.03 341.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 314.87 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 329.84 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.36 341.10 Td (agent) Tj ET Q q 0 0 0 rg BT 369.79 341.10 Td (s, ) Tj ET Q q 0 0 0 rg BT 379.49 341.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 417.77 341.10 Td (institution) Tj ET Q q 0 0 0 rg BT 461.11 341.10 Td (s ) Tj ET Q q 0 0 0 rg BT 468.30 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.94 341.10 Td (other ) Tj ET Q q 0 0 0 rg BT 503.79 341.10 Td (party) Tj ET Q q 0 0 0 rg BT 527.11 341.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 329.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.94 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 130.23 329.10 Td (other ) Tj ET Q q 0 0 0 rg BT 153.74 329.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 192.52 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.92 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 227.88 329.10 Td (any ) Tj ET Q q 0 0 0 rg BT 245.28 329.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 303.78 329.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 323.96 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.70 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.87 329.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 374.49 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.89 329.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 429.83 329.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 473.35 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 485.75 329.10 Td (reasonable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 317.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.11 317.10 Td (final ) Tj ET Q q 0 0 0 rg BT 120.00 317.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 138.12 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 147.35 317.10 Td (ef) Tj ET Q q 0 0 0 rg BT 154.94 317.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 184.71 317.10 Td (June ) Tj ET Q q 0 0 0 rg BT 205.60 317.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 228.17 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.17 317.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 284.94 317.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 328.60 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.38 317.10 Td (April ) Tj ET Q q 0 0 0 rg BT 362.05 317.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 386.93 317.10 Td (The ) Tj ET Q q 0 0 0 rg BT 405.04 317.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 423.16 317.10 Td (has ) Tj ET Q q 0 0 0 rg BT 439.05 317.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 480.48 317.10 Td (considerable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 305.10 Td (controversy ) Tj ET Q q 0 0 0 rg BT 131.49 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.21 305.10 Td (is ) Tj ET Q q 0 0 0 rg BT 159.16 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.66 305.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 206.26 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.88 305.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 253.93 305.10 Td (ef) Tj ET Q q 0 0 0 rg BT 261.52 305.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 283.13 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.19 305.10 Td (block ) Tj ET Q q 0 0 0 rg BT 319.69 305.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 385.74 305.10 Td (both ) Tj ET Q q 0 0 0 rg BT 406.80 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.86 305.10 Td (Congress ) Tj ET Q q 0 0 0 rg BT 458.36 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.08 305.10 Td (through ) Tj ET Q q 0 0 0 rg BT 510.47 305.10 Td (court ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 293.10 Td (actions. ) Tj ET Q q 0 0 0 rg BT 114.24 293.10 Td (The ) Tj ET Q q 0 0 0 rg BT 132.40 293.10 Td (success ) Tj ET Q q 0 0 0 rg BT 165.00 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 175.93 293.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 204.63 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.57 293.10 Td (these ) Tj ET Q q 0 0 0 rg BT 238.73 293.10 Td (ef) Tj ET Q q 0 0 0 rg BT 246.31 293.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 267.25 293.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 296.51 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 308.56 293.10 Td (predicted. ) Tj ET Q q 0 0 0 rg BT 350.29 293.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 393.46 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.29 293.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 426.44 293.10 Td (is ) Tj ET Q q 0 0 0 rg BT 435.72 293.10 Td (not ) Tj ET Q q 0 0 0 rg BT 451.10 293.10 Td (blocked, ) Tj ET Q q 0 0 0 rg BT 487.87 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.69 293.10 Td (precise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 281.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 109.91 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.93 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.84 281.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 151.08 281.10 Td (on ) Tj ET Q q 0 0 0 rg BT 162.77 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.68 281.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.36 281.10 Td (services ) Tj ET Q q 0 0 0 rg BT 247.26 281.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 281.73 281.10 Td (more ) Tj ET Q q 0 0 0 rg BT 303.97 281.10 Td (generally) Tj ET Q q 0 0 0 rg BT 340.52 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.71 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.85 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.76 281.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 403.66 281.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.36 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.27 281.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 469.85 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.98 281.10 Td (its ) Tj ET Q q 0 0 0 rg BT 497.12 281.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.99 269.10 Td (particular) Tj ET Q q 0 0 0 rg BT 128.90 269.10 Td (, ) Tj ET Q q 0 0 0 rg BT 133.61 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.49 269.10 Td (dif) Tj ET Q q 0 0 0 rg BT 153.42 269.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 176.73 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.72 269.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 213.38 269.10 Td (because ) Tj ET Q q 0 0 0 rg BT 247.23 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.66 269.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 279.42 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 288.30 269.10 Td (new ) Tj ET Q q 0 0 0 rg BT 307.17 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.82 269.10 Td (still ) Tj ET Q q 0 0 0 rg BT 341.04 269.10 Td (being ) Tj ET Q q 0 0 0 rg BT 365.46 269.10 Td (studied. ) Tj ET Q q 0 0 0 rg BT 398.90 269.10 Td (While ) Tj ET Q q 0 0 0 rg BT 425.55 269.10 Td (we ) Tj ET Q q 0 0 0 rg BT 439.42 269.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 476.06 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.05 269.10 Td (analyze ) Tj ET Q q 0 0 0 rg BT 518.79 269.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 257.10 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 126.70 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 141.02 257.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 172.55 257.10 Td (it ) Tj ET Q q 0 0 0 rg BT 180.76 257.10 Td (could ) Tj ET Q q 0 0 0 rg BT 205.64 257.10 Td (have ) Tj ET Q q 0 0 0 rg BT 227.17 257.10 Td (an ) Tj ET Q q 0 0 0 rg BT 239.27 257.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 272.46 257.10 Td (ef) Tj ET Q q 0 0 0 rg BT 280.05 257.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 297.69 257.10 Td (on ) Tj ET Q q 0 0 0 rg BT 310.35 257.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 332.45 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.43 257.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 376.09 257.10 Td (products ) Tj ET Q q 0 0 0 rg BT 413.18 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.62 257.10 Td (IRA) Tj ET Q q 0 0 0 rg BT 440.29 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.95 257.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 474.49 257.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 523.23 257.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.05 245.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 145.76 245.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 169.26 245.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 217.21 245.10 Td (channel. ) Tj ET Q q 0 0 0 rg BT 252.23 245.10 Td (A) Tj ET Q q 0 0 0 rg BT 258.90 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 260.74 245.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 304.79 245.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 335.51 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.68 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.85 245.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 392.68 245.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 413.96 245.10 Td (are ) Tj ET Q q 0 0 0 rg BT 428.00 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.62 245.10 Td (IRAs. ) Tj ET Q q 0 0 0 rg BT 463.07 245.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 513.23 245.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.75 233.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 141.39 233.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 188.80 233.10 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 238.44 233.10 Td (would ) Tj ET Q q 0 0 0 rg BT 266.97 233.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 293.28 233.10 Td (require ) Tj ET Q q 0 0 0 rg BT 325.13 233.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 368.66 233.10 Td (supervision ) Tj ET Q q 0 0 0 rg BT 418.30 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.17 233.10 Td (agents, ) Tj ET Q q 0 0 0 rg BT 461.75 233.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 487.49 233.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.23 233.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 221.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 138.60 221.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 176.19 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.69 221.10 Td (product ) Tj ET Q q 0 0 0 rg BT 225.30 221.10 Td (of) Tj ET Q q 0 0 0 rg BT 233.45 221.10 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 265.78 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.27 221.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 317.09 221.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 355.25 221.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 374.81 221.10 Td (all ) Tj ET Q q 0 0 0 rg BT 386.87 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.26 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 423.76 221.10 Td (could ) Tj ET Q q 0 0 0 rg BT 448.03 221.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 488.41 221.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 517.68 221.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 209.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 119.89 209.10 Td (results ) Tj ET Q q 0 0 0 rg BT 148.50 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.33 209.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 203.49 209.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 231.53 209.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.01 209.10 Td (condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 185.10 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 167.10 Td (As ) Tj ET Q q 0 0 0 rg BT 116.15 167.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.02 167.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 185.33 167.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.33 167.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.37 167.10 Td (we ) Tj ET Q q 0 0 0 rg BT 222.57 167.10 Td (had ) Tj ET Q q 0 0 0 rg BT 238.55 167.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.85 167.10 Td (267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.85 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.39 167.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 361.08 167.10 Td (W) Tj ET Q q 0 0 0 rg BT 369.72 167.10 Td (e ) Tj ET Q q 0 0 0 rg BT 375.70 167.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 406.11 167.10 Td (that ) Tj ET Q q 0 0 0 rg BT 422.65 167.10 Td (we ) Tj ET Q q 0 0 0 rg BT 435.85 167.10 Td (have ) Tj ET Q q 0 0 0 rg BT 456.26 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.24 167.10 Td (good ) Tj ET Q q 0 0 0 rg BT 483.78 167.10 Td (relationship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 155.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.28 155.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.11 155.10 Td (employees. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 134.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 101.00 134.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.95 134.10 Td (A) Tj ET Q q 0 0 0 rg BT 109.43 134.10 Td (vailable ) Tj ET Q q 0 0 0 rg BT 145.27 134.10 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 113.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 134.97 113.10 Td () Tj ET Q q 0 0 0 rg BT 137.75 113.10 Td (s ) Tj ET Q q 0 0 0 rg BT 143.86 113.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 176.15 113.10 Td (Reports ) Tj ET Q q 0 0 0 rg BT 210.11 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 222.96 113.10 Td (Form10-K, ) Tj ET Q q 0 0 0 rg BT 273.04 113.10 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 314.20 113.10 Td (Reports ) Tj ET Q q 0 0 0 rg BT 348.16 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 361.01 113.10 Td (Form10-Q, ) Tj ET Q q 0 0 0 rg BT 411.08 113.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 444.48 113.10 Td (Reports ) Tj ET Q q 0 0 0 rg BT 478.44 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 491.29 113.10 Td (Form8-K ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.96 101.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 151.03 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.33 101.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 191.63 101.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 212.47 101.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 249.44 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.74 101.10 Td (Sections13\(a\) ) Tj ET Q q 0 0 0 rg BT 319.75 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.71 101.10 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 360.90 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.75 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.49 101.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 428.45 101.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 469.84 101.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 486.81 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.66 101.10 Td (1934, ) Tj ET Q q 0 0 0 rg BT 522.68 101.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 89.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 119.44 89.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 137.34 89.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 183.03 89.10 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 207.59 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 222.14 89.10 Td (made ) Tj ET Q q 0 0 0 rg BT 246.15 89.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 287.08 89.10 Td (free ) Tj ET Q q 0 0 0 rg BT 304.97 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.65 89.10 Td (char) Tj ET Q q 0 0 0 rg BT 332.67 89.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 346.96 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 359.31 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 369.99 89.10 Td (through ) Tj ET Q q 0 0 0 rg BT 403.45 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.01 89.10 Td (Investor ) Tj ET Q q 0 0 0 rg BT 457.57 89.10 Td (Relations ) Tj ET Q q 0 0 0 rg BT 502.13 89.10 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.38 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 106.76 77.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 139.90 77.10 Td (website ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 172.50 77.10 Td (https://home.fglife.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.71 77.10 Td (. ) Tj ET Q q 0 0 0 rg BT 269.11 77.10 Td (The ) Tj ET Q q 0 0 0 rg BT 286.71 77.10 Td (public ) Tj ET Q q 0 0 0 rg BT 313.75 77.10 Td (may ) Tj ET Q q 0 0 0 rg BT 333.02 77.10 Td (read ) Tj ET Q q 0 0 0 rg BT 352.27 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.76 77.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 390.25 77.10 Td (any ) Tj ET Q q 0 0 0 rg BT 406.74 77.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 445.44 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 462.48 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.75 77.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 517.69 77.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 65.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 101.37 65.10 Td (with ) Tj ET Q q 0 0 0 rg BT 121.20 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.47 65.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 155.85 65.10 Td (at ) Tj ET Q q 0 0 0 rg BT 165.12 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.38 65.10 Td (SEC's ) Tj ET Q q 0 0 0 rg BT 205.47 65.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 233.07 65.10 Td (Reference ) Tj ET Q q 0 0 0 rg BT 275.64 65.10 Td (Room ) Tj ET Q q 0 0 0 rg BT 302.14 65.10 Td (located ) Tj ET Q q 0 0 0 rg BT 333.06 65.10 Td (at ) Tj ET Q q 0 0 0 rg BT 342.32 65.10 Td (100F ) Tj ET Q q 0 0 0 rg BT 367.43 65.10 Td (Street, ) Tj ET Q q 0 0 0 rg BT 395.31 65.10 Td (NE, ) Tj ET Q q 0 0 0 rg BT 413.04 65.10 Td (W) Tj ET Q q 0 0 0 rg BT 421.67 65.10 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 465.11 65.10 Td (D.C. ) Tj ET Q q 0 0 0 rg BT 486.05 65.10 Td (20549. ) Tj ET Q q 0 0 0 rg BT 515.45 65.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 53.10 Td (public ) Tj ET Q q 0 0 0 rg BT 107.59 53.10 Td (may ) Tj ET Q q 0 0 0 rg BT 126.39 53.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 152.98 53.10 Td (information ) Tj ET Q q 0 0 0 rg BT 201.78 53.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.37 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.18 53.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 266.54 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.46 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.26 53.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 317.41 53.10 Td (Reference ) Tj ET Q q 0 0 0 rg BT 359.52 53.10 Td (Room ) Tj ET Q q 0 0 0 rg BT 385.56 53.10 Td (by ) Tj ET Q q 0 0 0 rg BT 397.15 53.10 Td (calling ) Tj ET Q q 0 0 0 rg BT 425.96 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.76 53.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 459.70 53.10 Td (at ) Tj ET Q q 0 0 0 rg BT 468.50 53.10 Td (800-SEC-0330. ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (Reports ) Tj ET Q q 0 0 0 rg BT 114.78 735.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 135.77 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 156.22 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 167.22 735.60 Td (furnished ) Tj ET Q q 0 0 0 rg BT 207.65 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 218.10 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.98 735.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 253.99 735.60 Td (will ) Tj ET Q q 0 0 0 rg BT 272.22 735.60 Td (also ) Tj ET Q q 0 0 0 rg BT 291.00 735.60 Td (be ) Tj ET Q q 0 0 0 rg BT 303.10 735.60 Td (available ) Tj ET Q q 0 0 0 rg BT 341.86 735.60 Td (as ) Tj ET Q q 0 0 0 rg BT 352.86 735.60 Td (soon ) Tj ET Q q 0 0 0 rg BT 374.42 735.60 Td (as ) Tj ET Q q 0 0 0 rg BT 385.42 735.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 431.40 735.60 Td (practicable ) Tj ET Q q 0 0 0 rg BT 477.93 735.60 Td (after ) Tj ET Q q 0 0 0 rg BT 498.91 735.60 Td (they ) Tj ET Q q 0 0 0 rg BT 518.80 735.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 101.83 723.60 Td (with ) Tj ET Q q 0 0 0 rg BT 122.10 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 132.93 723.60 Td (furnished ) Tj ET Q q 0 0 0 rg BT 173.20 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 183.48 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.20 723.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 219.04 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.98 723.60 Td (are ) Tj ET Q q 0 0 0 rg BT 250.68 723.60 Td (available ) Tj ET Q q 0 0 0 rg BT 289.27 723.60 Td (over ) Tj ET Q q 0 0 0 rg BT 309.54 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.26 723.60 Td (Internet ) Tj ET Q q 0 0 0 rg BT 357.85 723.60 Td (at ) Tj ET Q q 0 0 0 rg BT 367.57 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 382.28 723.60 Td (SEC's ) Tj ET Q q 0 0 0 rg BT 408.82 723.60 Td (website ) Tj ET Q q 0 0 0 rg BT 441.86 723.60 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.58 723.60 Td (http:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 470.47 723.60 Td (//) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.02 723.60 Td (www) Tj ET Q q 0 0 0 rg BT 495.29 723.60 Td (.sec.gov) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.50 723.60 Td (. ) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Item1A. ) Tj ET Q q 0 0 0 rg BT 120.71 735.75 Td ( ) Tj ET Q q 0 0 0 rg BT 123.21 735.75 Td ( ) Tj ET Q q 0 0 0 rg BT 125.71 735.75 Td ( ) Tj ET Q q 0 0 0 rg BT 128.21 735.75 Td (Risk ) Tj ET Q q 0 0 0 rg BT 150.17 735.75 Td (Factors ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 711.75 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 711.75 Td (In ) Tj ET Q q 0 0 0 rg BT 127.94 711.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 163.88 711.75 Td (to ) Tj ET Q q 0 0 0 rg BT 174.26 711.75 Td (the ) Tj ET Q q 0 0 0 rg BT 189.09 711.75 Td (other ) Tj ET Q q 0 0 0 rg BT 212.80 711.75 Td (information ) Tj ET Q q 0 0 0 rg BT 262.63 711.75 Td (set ) Tj ET Q q 0 0 0 rg BT 276.35 711.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 298.40 711.75 Td (in ) Tj ET Q q 0 0 0 rg BT 308.79 711.75 Td (this ) Tj ET Q q 0 0 0 rg BT 325.65 711.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 357.15 711.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 386.97 711.75 Td (on ) Tj ET Q q 0 0 0 rg BT 399.58 711.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 424.41 711.75 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 449.51 711.75 Td (you ) Tj ET Q q 0 0 0 rg BT 466.56 711.75 Td (should ) Tj ET Q q 0 0 0 rg BT 495.83 711.75 Td (car) Tj ET Q q 0 0 0 rg BT 508.79 711.75 Td (efully ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 699.75 Td (consider ) Tj ET Q q 0 0 0 rg BT 118.44 699.75 Td (the ) Tj ET Q q 0 0 0 rg BT 133.66 699.75 Td (following ) Tj ET Q q 0 0 0 rg BT 174.45 699.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 205.23 699.75 Td (which ) Tj ET Q q 0 0 0 rg BT 232.13 699.75 Td (could ) Tj ET Q q 0 0 0 rg BT 257.35 699.75 Td (have ) Tj ET Q q 0 0 0 rg BT 279.23 699.75 Td (a ) Tj ET Q q 0 0 0 rg BT 287.23 699.75 Td (material ) Tj ET Q q 0 0 0 rg BT 324.12 699.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 358.23 699.75 Td (effect ) Tj ET Q q 0 0 0 rg BT 382.88 699.75 Td (on ) Tj ET Q q 0 0 0 rg BT 395.89 699.75 Td (our ) Tj ET Q q 0 0 0 rg BT 412.78 699.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 452.18 699.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 490.73 699.75 Td (condition, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 687.75 Td (r) Tj ET Q q 0 0 0 rg BT 84.52 687.75 Td (esults ) Tj ET Q q 0 0 0 rg BT 108.90 687.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.27 687.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 162.65 687.75 Td (or ) Tj ET Q q 0 0 0 rg BT 173.14 687.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 195.28 687.75 Td (price. ) Tj ET Q q 0 0 0 rg BT 219.93 687.75 Td (The ) Tj ET Q q 0 0 0 rg BT 236.53 687.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 257.02 687.75 Td (below ) Tj ET Q q 0 0 0 rg BT 282.50 687.75 Td (ar) Tj ET Q q 0 0 0 rg BT 291.02 687.75 Td (e ) Tj ET Q q 0 0 0 rg BT 297.06 687.75 Td (not ) Tj ET Q q 0 0 0 rg BT 311.44 687.75 Td (the ) Tj ET Q q 0 0 0 rg BT 325.25 687.75 Td (only ) Tj ET Q q 0 0 0 rg BT 344.07 687.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 364.56 687.75 Td (we ) Tj ET Q q 0 0 0 rg BT 377.26 687.75 Td (face. ) Tj ET Q q 0 0 0 rg BT 397.90 687.75 Td (Additional ) Tj ET Q q 0 0 0 rg BT 441.72 687.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 462.21 687.75 Td (and ) Tj ET Q q 0 0 0 rg BT 478.81 687.75 Td (uncertainties ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 675.75 Td (not ) Tj ET Q q 0 0 0 rg BT 97.11 675.75 Td (curr) Tj ET Q q 0 0 0 rg BT 113.96 675.75 Td (ently ) Tj ET Q q 0 0 0 rg BT 136.73 675.75 Td (known ) Tj ET Q q 0 0 0 rg BT 166.17 675.75 Td (to ) Tj ET Q q 0 0 0 rg BT 177.28 675.75 Td (us ) Tj ET Q q 0 0 0 rg BT 189.50 675.75 Td (or ) Tj ET Q q 0 0 0 rg BT 201.73 675.75 Td (that ) Tj ET Q q 0 0 0 rg BT 220.62 675.75 Td (we ) Tj ET Q q 0 0 0 rg BT 235.06 675.75 Td (curr) Tj ET Q q 0 0 0 rg BT 251.91 675.75 Td (ently ) Tj ET Q q 0 0 0 rg BT 274.67 675.75 Td (deem ) Tj ET Q q 0 0 0 rg BT 299.11 675.75 Td (to ) Tj ET Q q 0 0 0 rg BT 310.22 675.75 Td (be ) Tj ET Q q 0 0 0 rg BT 322.99 675.75 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 370.21 675.75 Td (may ) Tj ET Q q 0 0 0 rg BT 390.20 675.75 Td (also ) Tj ET Q q 0 0 0 rg BT 410.20 675.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 451.85 675.75 Td (affect ) Tj ET Q q 0 0 0 rg BT 477.39 675.75 Td (our ) Tj ET Q q 0 0 0 rg BT 494.62 675.75 Td (business, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 663.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.05 663.75 Td (condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 635.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 102.95 635.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 134.88 635.25 Td (r) Tj ET Q q 0 0 0 rg BT 139.14 635.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 167.19 635.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.02 635.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.85 635.25 Td (pr) Tj ET Q q 0 0 0 rg BT 203.67 635.25 Td (oposed ) Tj ET Q q 0 0 0 rg BT 235.62 635.25 Td (merger) Tj ET Q q 0 0 0 rg BT 266.52 635.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.02 635.25 Td (with ) Tj ET Q q 0 0 0 rg BT 289.86 635.25 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 326.27 635.25 Td (ar) Tj ET Q q 0 0 0 rg BT 335.53 635.25 Td (e ) Tj ET Q q 0 0 0 rg BT 342.46 635.25 Td (as ) Tj ET Q q 0 0 0 rg BT 353.86 635.25 Td (follows:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 617.25 Td (The ) Tj ET Q q 0 0 0 rg BT 100.92 617.25 Td (Merger ) Tj ET Q q 0 0 0 rg BT 135.27 617.25 Td (is ) Tj ET Q q 0 0 0 rg BT 145.75 617.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 178.44 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.03 617.25 Td (various ) Tj ET Q q 0 0 0 rg BT 224.40 617.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 257.65 617.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 306.75 617.25 Td (including ) Tj ET Q q 0 0 0 rg BT 350.01 617.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 396.60 617.25 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 442.90 617.25 Td (no ) Tj ET Q q 0 0 0 rg BT 457.27 617.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 502.75 617.25 Td (can ) Tj ET Q q 0 0 0 rg BT 521.56 617.25 Td (be ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 605.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 119.05 605.25 Td (that ) Tj ET Q q 0 0 0 rg BT 137.67 605.25 Td (such ) Tj ET Q q 0 0 0 rg BT 159.62 605.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 204.91 605.25 Td (will ) Tj ET Q q 0 0 0 rg BT 222.41 605.25 Td (be ) Tj ET Q q 0 0 0 rg BT 234.35 605.25 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 270.74 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.80 605.25 Td (when, ) Tj ET Q q 0 0 0 rg BT 316.03 605.25 Td (or ) Tj ET Q q 0 0 0 rg BT 327.42 605.25 Td (if, ) Tj ET Q q 0 0 0 rg BT 338.53 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.81 605.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 385.76 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.59 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.86 605.25 Td (Merger ) Tj ET Q q 0 0 0 rg BT 444.92 605.25 Td (will ) Tj ET Q q 0 0 0 rg BT 462.42 605.25 Td (occur) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 588.75 Td (On ) Tj ET Q q 0 0 0 rg BT 119.82 588.75 Td (November ) Tj ET Q q 0 0 0 rg BT 164.63 588.75 Td (8, ) Tj ET Q q 0 0 0 rg BT 174.74 588.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 199.84 588.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 218.36 588.75 Td ( ) Tj ET Q q 0 0 0 rg BT 220.96 588.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 252.99 588.75 Td (into ) Tj ET Q q 0 0 0 rg BT 271.15 588.75 Td (an ) Tj ET Q q 0 0 0 rg BT 282.61 588.75 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 329.64 588.75 Td (and ) Tj ET Q q 0 0 0 rg BT 346.68 588.75 Td (Plan ) Tj ET Q q 0 0 0 rg BT 367.06 588.75 Td (of ) Tj ET Q q 0 0 0 rg BT 378.00 588.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 394.47 588.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 409.85 588.75 Td (\(the ) Tj ET Q q 0 0 0 rg BT 428.00 588.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 448.91 588.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 463.71 588.75 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 521.00 588.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 576.75 Td (and ) Tj ET Q q 0 0 0 rg BT 97.79 576.75 Td (among ) Tj ET Q q 0 0 0 rg BT 127.37 576.75 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 150.59 576.75 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 184.61 576.75 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 225.83 576.75 Td (Group ) Tj ET Q q 0 0 0 rg BT 253.74 576.75 Td (Co., ) Tj ET Q q 0 0 0 rg BT 272.77 576.75 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 294.01 576.75 Td (a ) Tj ET Q q 0 0 0 rg BT 300.80 576.75 Td (joint-stock ) Tj ET Q q 0 0 0 rg BT 345.93 576.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 386.61 576.75 Td (company ) Tj ET Q q 0 0 0 rg BT 425.62 576.75 Td (established ) Tj ET Q q 0 0 0 rg BT 472.41 576.75 Td (in ) Tj ET Q q 0 0 0 rg BT 482.54 576.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.11 576.75 Td (People) Tj ET Q q 0 0 0 rg BT 527.11 576.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 564.75 Td (Republic ) Tj ET Q q 0 0 0 rg BT 119.17 564.75 Td (of ) Tj ET Q q 0 0 0 rg BT 129.56 564.75 Td (China ) Tj ET Q q 0 0 0 rg BT 155.52 564.75 Td (\(Anbang\), ) Tj ET Q q 0 0 0 rg BT 206.82 564.75 Td (AB ) Tj ET Q q 0 0 0 rg BT 222.78 564.75 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 254.84 564.75 Td (Holding, ) Tj ET Q q 0 0 0 rg BT 292.18 564.75 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 312.02 564.75 Td (a ) Tj ET Q q 0 0 0 rg BT 318.52 564.75 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 358.89 564.75 Td (corporation ) Tj ET Q q 0 0 0 rg BT 407.05 564.75 Td (and ) Tj ET Q q 0 0 0 rg BT 423.56 564.75 Td (a ) Tj ET Q q 0 0 0 rg BT 430.06 564.75 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 489.89 564.75 Td (subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 552.75 Td (of ) Tj ET Q q 0 0 0 rg BT 92.10 552.75 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 127.31 552.75 Td (\(Parent\), ) Tj ET Q q 0 0 0 rg BT 174.45 552.75 Td (and ) Tj ET Q q 0 0 0 rg BT 191.65 552.75 Td (AB ) Tj ET Q q 0 0 0 rg BT 209.10 552.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 225.58 552.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 241.90 552.75 Td (Sub, ) Tj ET Q q 0 0 0 rg BT 263.51 552.75 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 284.83 552.75 Td (a ) Tj ET Q q 0 0 0 rg BT 292.82 552.75 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 334.68 552.75 Td (corporation ) Tj ET Q q 0 0 0 rg BT 384.33 552.75 Td (and ) Tj ET Q q 0 0 0 rg BT 402.32 552.75 Td (a ) Tj ET Q q 0 0 0 rg BT 410.31 552.75 Td (newly ) Tj ET Q q 0 0 0 rg BT 438.30 552.75 Td (formed, ) Tj ET Q q 0 0 0 rg BT 473.23 552.75 Td (wholly-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 540.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 124.08 540.75 Td (of ) Tj ET Q q 0 0 0 rg BT 134.39 540.75 Td (Parent ) Tj ET Q q 0 0 0 rg BT 161.91 540.75 Td (\(Mer) Tj ET Q q 0 0 0 rg BT 186.16 540.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 200.90 540.75 Td (Sub\). ) Tj ET Q q 0 0 0 rg BT 228.71 540.75 Td (Completion ) Tj ET Q q 0 0 0 rg BT 277.90 540.75 Td (of ) Tj ET Q q 0 0 0 rg BT 288.21 540.75 Td (the ) Tj ET Q q 0 0 0 rg BT 302.40 540.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 318.88 540.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 333.62 540.75 Td (is ) Tj ET Q q 0 0 0 rg BT 342.27 540.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 372.57 540.75 Td (to ) Tj ET Q q 0 0 0 rg BT 382.32 540.75 Td (various ) Tj ET Q q 0 0 0 rg BT 413.74 540.75 Td (closing ) Tj ET Q q 0 0 0 rg BT 444.60 540.75 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 490.74 540.75 Td (including, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 528.75 Td (but ) Tj ET Q q 0 0 0 rg BT 96.44 528.75 Td (not ) Tj ET Q q 0 0 0 rg BT 111.89 528.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 142.88 528.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 155.83 528.75 Td (\(1\)the ) Tj ET Q q 0 0 0 rg BT 184.87 528.75 Td (information ) Tj ET Q q 0 0 0 rg BT 234.74 528.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 275.73 528.75 Td (to ) Tj ET Q q 0 0 0 rg BT 286.17 528.75 Td (be ) Tj ET Q q 0 0 0 rg BT 298.28 528.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 319.27 528.75 Td (by ) Tj ET Q q 0 0 0 rg BT 331.93 528.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 350.45 528.75 Td ( ) Tj ET Q q 0 0 0 rg BT 353.12 528.75 Td (with ) Tj ET Q q 0 0 0 rg BT 373.56 528.75 Td (the ) Tj ET Q q 0 0 0 rg BT 388.44 528.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 409.45 528.75 Td (in ) Tj ET Q q 0 0 0 rg BT 419.89 528.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 466.43 528.75 Td (with ) Tj ET Q q 0 0 0 rg BT 486.87 528.75 Td (the ) Tj ET Q q 0 0 0 rg BT 501.75 528.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.23 528.75 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 516.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 101.67 516.75 Td (have ) Tj ET Q q 0 0 0 rg BT 122.33 516.75 Td (been ) Tj ET Q q 0 0 0 rg BT 142.99 516.75 Td (cleared ) Tj ET Q q 0 0 0 rg BT 173.63 516.75 Td (by ) Tj ET Q q 0 0 0 rg BT 185.41 516.75 Td (the ) Tj ET Q q 0 0 0 rg BT 199.41 516.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 219.54 516.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.76 516.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 256.42 516.75 Td (have ) Tj ET Q q 0 0 0 rg BT 277.08 516.75 Td (been ) Tj ET Q q 0 0 0 rg BT 297.74 516.75 Td (sent ) Tj ET Q q 0 0 0 rg BT 315.63 516.75 Td (to ) Tj ET Q q 0 0 0 rg BT 325.19 516.75 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 377.52 516.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.64 516.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 406.16 516.75 Td ( ) Tj ET Q q 0 0 0 rg BT 407.94 516.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 420.83 516.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 467.57 516.75 Td (with ) Tj ET Q q 0 0 0 rg BT 487.13 516.75 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 504.75 Td (14C ) Tj ET Q q 0 0 0 rg BT 100.64 504.75 Td (under ) Tj ET Q q 0 0 0 rg BT 126.38 504.75 Td (the ) Tj ET Q q 0 0 0 rg BT 141.57 504.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 183.31 504.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 200.72 504.75 Td (at ) Tj ET Q q 0 0 0 rg BT 210.91 504.75 Td (least ) Tj ET Q q 0 0 0 rg BT 232.20 504.75 Td (20 ) Tj ET Q q 0 0 0 rg BT 245.17 504.75 Td (days ) Tj ET Q q 0 0 0 rg BT 266.47 504.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 288.88 504.75 Td (to ) Tj ET Q q 0 0 0 rg BT 299.63 504.75 Td (the ) Tj ET Q q 0 0 0 rg BT 314.82 504.75 Td (closing\), ) Tj ET Q q 0 0 0 rg BT 352.51 504.75 Td (\(2\)the ) Tj ET Q q 0 0 0 rg BT 381.86 504.75 Td (absence ) Tj ET Q q 0 0 0 rg BT 416.47 504.75 Td (of ) Tj ET Q q 0 0 0 rg BT 427.78 504.75 Td (any ) Tj ET Q q 0 0 0 rg BT 445.19 504.75 Td (law ) Tj ET Q q 0 0 0 rg BT 462.60 504.75 Td (or ) Tj ET Q q 0 0 0 rg BT 473.90 504.75 Td (order ) Tj ET Q q 0 0 0 rg BT 497.97 504.75 Td (enacted, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 492.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 109.05 492.75 Td (or ) Tj ET Q q 0 0 0 rg BT 120.43 492.75 Td (enforced ) Tj ET Q q 0 0 0 rg BT 158.46 492.75 Td (that ) Tj ET Q q 0 0 0 rg BT 176.51 492.75 Td (is ) Tj ET Q q 0 0 0 rg BT 186.23 492.75 Td (in ) Tj ET Q q 0 0 0 rg BT 197.06 492.75 Td (ef) Tj ET Q q 0 0 0 rg BT 204.65 492.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 222.68 492.75 Td (and ) Tj ET Q q 0 0 0 rg BT 240.17 492.75 Td (that ) Tj ET Q q 0 0 0 rg BT 258.22 492.75 Td (makes ) Tj ET Q q 0 0 0 rg BT 286.82 492.75 Td (the ) Tj ET Q q 0 0 0 rg BT 302.09 492.75 Td (consummation ) Tj ET Q q 0 0 0 rg BT 364.02 492.75 Td (of ) Tj ET Q q 0 0 0 rg BT 375.40 492.75 Td (the ) Tj ET Q q 0 0 0 rg BT 390.67 492.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 407.15 492.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 422.97 492.75 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 453.51 492.75 Td (prevents, ) Tj ET Q q 0 0 0 rg BT 492.94 492.75 Td (prohibits, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 480.75 Td (restrains ) Tj ET Q q 0 0 0 rg BT 118.51 480.75 Td (or ) Tj ET Q q 0 0 0 rg BT 130.47 480.75 Td (enjoins ) Tj ET Q q 0 0 0 rg BT 162.99 480.75 Td (the ) Tj ET Q q 0 0 0 rg BT 178.84 480.75 Td (consummation ) Tj ET Q q 0 0 0 rg BT 241.35 480.75 Td (of ) Tj ET Q q 0 0 0 rg BT 253.31 480.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.16 480.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 285.64 480.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 302.04 480.75 Td (and ) Tj ET Q q 0 0 0 rg BT 320.11 480.75 Td (\(3\)obtaining ) Tj ET Q q 0 0 0 rg BT 375.68 480.75 Td (the ) Tj ET Q q 0 0 0 rg BT 391.53 480.75 Td (requisite ) Tj ET Q q 0 0 0 rg BT 429.59 480.75 Td (approvals ) Tj ET Q q 0 0 0 rg BT 472.10 480.75 Td (from ) Tj ET Q q 0 0 0 rg BT 495.17 480.75 Td (the ) Tj ET Q q 0 0 0 rg BT 511.02 480.75 Td (Iowa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 468.75 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 122.67 468.75 Td (Division, ) Tj ET Q q 0 0 0 rg BT 162.43 468.75 Td (New ) Tj ET Q q 0 0 0 rg BT 183.70 468.75 Td (Y) Tj ET Q q 0 0 0 rg BT 189.92 468.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 206.06 468.75 Td (Department ) Tj ET Q q 0 0 0 rg BT 256.07 468.75 Td (of ) Tj ET Q q 0 0 0 rg BT 267.21 468.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 307.23 468.75 Td (Services, ) Tj ET Q q 0 0 0 rg BT 346.21 468.75 Td (V) Tj ET Q q 0 0 0 rg BT 352.32 468.75 Td (ermont ) Tj ET Q q 0 0 0 rg BT 383.46 468.75 Td (Department ) Tj ET Q q 0 0 0 rg BT 433.47 468.75 Td (of ) Tj ET Q q 0 0 0 rg BT 444.60 468.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 484.62 468.75 Td (Regulation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 456.75 Td (China ) Tj ET Q q 0 0 0 rg BT 106.46 456.75 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 146.90 456.75 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 192.90 456.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 245.04 456.75 Td (and ) Tj ET Q q 0 0 0 rg BT 261.05 456.75 Td (the ) Tj ET Q q 0 0 0 rg BT 274.84 456.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 320.85 456.75 Td (on ) Tj ET Q q 0 0 0 rg BT 332.43 456.75 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 365.11 456.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 411.11 456.75 Td (in ) Tj ET Q q 0 0 0 rg BT 420.46 456.75 Td (the ) Tj ET Q q 0 0 0 rg BT 434.25 456.75 Td (United ) Tj ET Q q 0 0 0 rg BT 463.04 456.75 Td (States. ) Tj ET Q q 0 0 0 rg BT 491.00 456.75 Td ( ) Tj ET Q q 0 0 0 rg BT 492.23 456.75 Td (A) Tj ET Q q 0 0 0 rg BT 498.90 456.75 Td ( ) Tj ET Q q 0 0 0 rg BT 500.47 456.75 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.75 Td (of ) Tj ET Q q 0 0 0 rg BT 91.36 444.75 Td (the ) Tj ET Q q 0 0 0 rg BT 105.60 444.75 Td (closing ) Tj ET Q q 0 0 0 rg BT 136.51 444.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 180.20 444.75 Td (are ) Tj ET Q q 0 0 0 rg BT 194.43 444.75 Td (outside ) Tj ET Q q 0 0 0 rg BT 225.34 444.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.70 444.75 Td (our ) Tj ET Q q 0 0 0 rg BT 251.06 444.75 Td (control ) Tj ET Q q 0 0 0 rg BT 281.41 444.75 Td (and ) Tj ET Q q 0 0 0 rg BT 297.87 444.75 Td (we ) Tj ET Q q 0 0 0 rg BT 311.56 444.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 340.24 444.75 Td (predict ) Tj ET Q q 0 0 0 rg BT 370.03 444.75 Td (with ) Tj ET Q q 0 0 0 rg BT 389.83 444.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 426.83 444.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 461.07 444.75 Td (all ) Tj ET Q q 0 0 0 rg BT 473.09 444.75 Td (of ) Tj ET Q q 0 0 0 rg BT 483.44 444.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.69 444.75 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.75 Td (closing ) Tj ET Q q 0 0 0 rg BT 113.03 432.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 157.84 432.75 Td (will ) Tj ET Q q 0 0 0 rg BT 176.54 432.75 Td (be ) Tj ET Q q 0 0 0 rg BT 189.13 432.75 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 225.59 432.75 Td (or ) Tj ET Q q 0 0 0 rg BT 237.07 432.75 Td (waived ) Tj ET Q q 0 0 0 rg BT 269.09 432.75 Td (or ) Tj ET Q q 0 0 0 rg BT 280.57 432.75 Td (if ) Tj ET Q q 0 0 0 rg BT 289.82 432.75 Td (other ) Tj ET Q q 0 0 0 rg BT 313.51 432.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 367.74 432.75 Td (may ) Tj ET Q q 0 0 0 rg BT 388.10 432.75 Td (arise. ) Tj ET Q q 0 0 0 rg BT 412.63 432.75 Td ( ) Tj ET Q q 0 0 0 rg BT 415.77 432.75 Td (In ) Tj ET Q q 0 0 0 rg BT 427.25 432.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 465.66 432.75 Td (regulators ) Tj ET Q q 0 0 0 rg BT 508.79 432.75 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 420.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 112.56 420.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 155.22 420.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 210.10 420.75 Td (or ) Tj ET Q q 0 0 0 rg BT 221.10 420.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 268.22 420.75 Td (as ) Tj ET Q q 0 0 0 rg BT 279.22 420.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 323.56 420.75 Td (for ) Tj ET Q q 0 0 0 rg BT 337.89 420.75 Td (their ) Tj ET Q q 0 0 0 rg BT 358.89 420.75 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 402.94 420.75 Td (which ) Tj ET Q q 0 0 0 rg BT 430.06 420.75 Td (may ) Tj ET Q q 0 0 0 rg BT 449.95 420.75 Td (be ) Tj ET Q q 0 0 0 rg BT 462.06 420.75 Td (burdensome. ) Tj ET Q q 0 0 0 rg BT 516.11 420.75 Td ( ) Tj ET Q q 0 0 0 rg BT 518.78 420.75 Td (No ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 122.05 408.75 Td (can ) Tj ET Q q 0 0 0 rg BT 138.10 408.75 Td (be ) Tj ET Q q 0 0 0 rg BT 149.72 408.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 187.45 408.75 Td (that ) Tj ET Q q 0 0 0 rg BT 204.62 408.75 Td (the ) Tj ET Q q 0 0 0 rg BT 219.02 408.75 Td (various ) Tj ET Q q 0 0 0 rg BT 250.63 408.75 Td (closing ) Tj ET Q q 0 0 0 rg BT 281.70 408.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 325.54 408.75 Td (will ) Tj ET Q q 0 0 0 rg BT 343.28 408.75 Td (be ) Tj ET Q q 0 0 0 rg BT 354.90 408.75 Td (satisfied, ) Tj ET Q q 0 0 0 rg BT 392.90 408.75 Td (the ) Tj ET Q q 0 0 0 rg BT 407.30 408.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 448.34 408.75 Td (waivers ) Tj ET Q q 0 0 0 rg BT 481.62 408.75 Td (or ) Tj ET Q q 0 0 0 rg BT 492.13 408.75 Td (approvals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.75 Td (will ) Tj ET Q q 0 0 0 rg BT 98.60 396.75 Td (be ) Tj ET Q q 0 0 0 rg BT 110.09 396.75 Td (obtained ) Tj ET Q q 0 0 0 rg BT 146.57 396.75 Td (in ) Tj ET Q q 0 0 0 rg BT 156.40 396.75 Td (a ) Tj ET Q q 0 0 0 rg BT 162.89 396.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 190.49 396.75 Td (fashion ) Tj ET Q q 0 0 0 rg BT 221.97 396.75 Td (or ) Tj ET Q q 0 0 0 rg BT 232.35 396.75 Td (at ) Tj ET Q q 0 0 0 rg BT 241.62 396.75 Td (all, ) Tj ET Q q 0 0 0 rg BT 256.16 396.75 Td (in ) Tj ET Q q 0 0 0 rg BT 265.99 396.75 Td (which ) Tj ET Q q 0 0 0 rg BT 292.47 396.75 Td (case ) Tj ET Q q 0 0 0 rg BT 311.73 396.75 Td (the ) Tj ET Q q 0 0 0 rg BT 326.00 396.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 342.47 396.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 357.29 396.75 Td (would ) Tj ET Q q 0 0 0 rg BT 384.34 396.75 Td (be ) Tj ET Q q 0 0 0 rg BT 395.83 396.75 Td (prevented ) Tj ET Q q 0 0 0 rg BT 437.30 396.75 Td (or ) Tj ET Q q 0 0 0 rg BT 447.68 396.75 Td (delayed. ) Tj ET Q q 0 0 0 rg BT 483.32 396.75 Td ( ) Tj ET Q q 0 0 0 rg BT 485.37 396.75 Td (In ) Tj ET Q q 0 0 0 rg BT 495.75 396.75 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 384.75 Td (no ) Tj ET Q q 0 0 0 rg BT 92.74 384.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 133.34 384.75 Td (can ) Tj ET Q q 0 0 0 rg BT 148.95 384.75 Td (be ) Tj ET Q q 0 0 0 rg BT 160.13 384.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 197.41 384.75 Td (that ) Tj ET Q q 0 0 0 rg BT 214.14 384.75 Td (we ) Tj ET Q q 0 0 0 rg BT 227.54 384.75 Td (will ) Tj ET Q q 0 0 0 rg BT 244.83 384.75 Td (not ) Tj ET Q q 0 0 0 rg BT 259.34 384.75 Td (lose ) Tj ET Q q 0 0 0 rg BT 277.19 384.75 Td (the ) Tj ET Q q 0 0 0 rg BT 291.14 384.75 Td (benefit ) Tj ET Q q 0 0 0 rg BT 320.64 384.75 Td (of ) Tj ET Q q 0 0 0 rg BT 330.70 384.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 374.66 384.75 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 409.72 384.75 Td (closing ) Tj ET Q q 0 0 0 rg BT 440.34 384.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 483.74 384.75 Td (and ) Tj ET Q q 0 0 0 rg BT 499.92 384.75 Td (waivers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 372.75 Td (or ) Tj ET Q q 0 0 0 rg BT 91.03 372.75 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 134.11 372.75 Td (in ) Tj ET Q q 0 0 0 rg BT 143.59 372.75 Td (which ) Tj ET Q q 0 0 0 rg BT 169.74 372.75 Td (case ) Tj ET Q q 0 0 0 rg BT 188.65 372.75 Td (we ) Tj ET Q q 0 0 0 rg BT 202.01 372.75 Td (may ) Tj ET Q q 0 0 0 rg BT 220.93 372.75 Td (be ) Tj ET Q q 0 0 0 rg BT 232.07 372.75 Td (required ) Tj ET Q q 0 0 0 rg BT 267.09 372.75 Td (to ) Tj ET Q q 0 0 0 rg BT 276.57 372.75 Td (again ) Tj ET Q q 0 0 0 rg BT 299.93 372.75 Td (seek ) Tj ET Q q 0 0 0 rg BT 319.40 372.75 Td (to ) Tj ET Q q 0 0 0 rg BT 328.88 372.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 356.69 372.75 Td (closing ) Tj ET Q q 0 0 0 rg BT 387.28 372.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 430.65 372.75 Td (and ) Tj ET Q q 0 0 0 rg BT 446.79 372.75 Td (waivers ) Tj ET Q q 0 0 0 rg BT 479.60 372.75 Td (or ) Tj ET Q q 0 0 0 rg BT 489.63 372.75 Td (approvals, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.75 Td (which ) Tj ET Q q 0 0 0 rg BT 107.90 360.75 Td (we ) Tj ET Q q 0 0 0 rg BT 122.03 360.75 Td (may ) Tj ET Q q 0 0 0 rg BT 141.71 360.75 Td (not ) Tj ET Q q 0 0 0 rg BT 156.96 360.75 Td (be ) Tj ET Q q 0 0 0 rg BT 168.86 360.75 Td (able ) Tj ET Q q 0 0 0 rg BT 187.98 360.75 Td (to ) Tj ET Q q 0 0 0 rg BT 198.23 360.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 225.69 360.75 Td (in ) Tj ET Q q 0 0 0 rg BT 235.93 360.75 Td (a ) Tj ET Q q 0 0 0 rg BT 242.84 360.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 270.85 360.75 Td (fashion ) Tj ET Q q 0 0 0 rg BT 302.76 360.75 Td (or ) Tj ET Q q 0 0 0 rg BT 313.55 360.75 Td (at ) Tj ET Q q 0 0 0 rg BT 323.24 360.75 Td (all, ) Tj ET Q q 0 0 0 rg BT 338.20 360.75 Td (in ) Tj ET Q q 0 0 0 rg BT 348.44 360.75 Td (which ) Tj ET Q q 0 0 0 rg BT 375.35 360.75 Td (case ) Tj ET Q q 0 0 0 rg BT 395.02 360.75 Td (the ) Tj ET Q q 0 0 0 rg BT 409.70 360.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 426.18 360.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 441.42 360.75 Td (would ) Tj ET Q q 0 0 0 rg BT 468.88 360.75 Td (be ) Tj ET Q q 0 0 0 rg BT 480.79 360.75 Td (prevented ) Tj ET Q q 0 0 0 rg BT 522.67 360.75 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 348.75 Td (delayed. ) Tj ET Q q 0 0 0 rg BT 117.09 348.75 Td ( ) Tj ET Q q 0 0 0 rg BT 119.59 348.75 Td (For ) Tj ET Q q 0 0 0 rg BT 135.99 348.75 Td (further ) Tj ET Q q 0 0 0 rg BT 165.69 348.75 Td (information ) Tj ET Q q 0 0 0 rg BT 215.40 348.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 256.22 348.75 Td (these ) Tj ET Q q 0 0 0 rg BT 279.27 348.75 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 323.14 348.75 Td (please ) Tj ET Q q 0 0 0 rg BT 350.63 348.75 Td (see ) Tj ET Q q 0 0 0 rg BT 365.90 348.75 Td ("Item ) Tj ET Q q 0 0 0 rg BT 390.80 348.75 Td (1. ) Tj ET Q q 0 0 0 rg BT 400.80 348.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 438.87 348.75 Td (- ) Tj ET Q q 0 0 0 rg BT 444.70 348.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 462.75 348.75 Td (Company". ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 324.75 Td (Failure ) Tj ET Q q 0 0 0 rg BT 114.08 324.75 Td (to ) Tj ET Q q 0 0 0 rg BT 123.83 324.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 150.78 324.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 189.39 324.75 Td (the ) Tj ET Q q 0 0 0 rg BT 204.14 324.75 Td (Merger ) Tj ET Q q 0 0 0 rg BT 236.65 324.75 Td (could ) Tj ET Q q 0 0 0 rg BT 261.40 324.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 301.68 324.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 331.41 324.75 Td (our ) Tj ET Q q 0 0 0 rg BT 347.83 324.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 370.90 324.75 Td (price, ) Tj ET Q q 0 0 0 rg BT 395.92 324.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 435.39 324.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 474.58 324.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 515.45 324.75 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 312.75 Td (results ) Tj ET Q q 0 0 0 rg BT 110.73 312.75 Td (of ) Tj ET Q q 0 0 0 rg BT 121.56 312.75 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 288.75 Td (A) Tj ET Q q 0 0 0 rg BT 110.17 288.75 Td ( ) Tj ET Q q 0 0 0 rg BT 113.07 288.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 142.07 288.75 Td (to ) Tj ET Q q 0 0 0 rg BT 152.75 288.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 192.31 288.75 Td (the ) Tj ET Q q 0 0 0 rg BT 207.43 288.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 223.91 288.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 239.58 288.75 Td (or ) Tj ET Q q 0 0 0 rg BT 250.82 288.75 Td (to ) Tj ET Q q 0 0 0 rg BT 261.50 288.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 301.05 288.75 Td (the ) Tj ET Q q 0 0 0 rg BT 316.18 288.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 334.70 288.75 Td ( ) Tj ET Q q 0 0 0 rg BT 337.60 288.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 354.08 288.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 369.75 288.75 Td (on ) Tj ET Q q 0 0 0 rg BT 382.66 288.75 Td (a ) Tj ET Q q 0 0 0 rg BT 390.00 288.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 418.46 288.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 443.86 288.75 Td (none ) Tj ET Q q 0 0 0 rg BT 466.20 288.75 Td (of ) Tj ET Q q 0 0 0 rg BT 477.44 288.75 Td (which ) Tj ET Q q 0 0 0 rg BT 504.78 288.75 Td (can ) Tj ET Q q 0 0 0 rg BT 521.56 288.75 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 276.75 Td (assured, ) Tj ET Q q 0 0 0 rg BT 115.29 276.75 Td (could ) Tj ET Q q 0 0 0 rg BT 139.31 276.75 Td (result ) Tj ET Q q 0 0 0 rg BT 163.32 276.75 Td (in ) Tj ET Q q 0 0 0 rg BT 172.90 276.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 208.57 276.75 Td (publicity ) Tj ET Q q 0 0 0 rg BT 245.92 276.75 Td (and ) Tj ET Q q 0 0 0 rg BT 262.16 276.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 286.17 276.75 Td (the ) Tj ET Q q 0 0 0 rg BT 300.18 276.75 Td (price ) Tj ET Q q 0 0 0 rg BT 321.97 276.75 Td (of ) Tj ET Q q 0 0 0 rg BT 332.10 276.75 Td (our ) Tj ET Q q 0 0 0 rg BT 347.23 276.75 Td (common ) Tj ET Q q 0 0 0 rg BT 384.02 276.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 406.93 276.75 Td (to ) Tj ET Q q 0 0 0 rg BT 416.51 276.75 Td (decline, ) Tj ET Q q 0 0 0 rg BT 449.68 276.75 Td (in ) Tj ET Q q 0 0 0 rg BT 459.25 276.75 Td (particular ) Tj ET Q q 0 0 0 rg BT 499.36 276.75 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 264.75 Td (our ) Tj ET Q q 0 0 0 rg BT 96.46 264.75 Td (current ) Tj ET Q q 0 0 0 rg BT 126.90 264.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 150.13 264.75 Td (price ) Tj ET Q q 0 0 0 rg BT 172.24 264.75 Td (reflects ) Tj ET Q q 0 0 0 rg BT 203.79 264.75 Td (a ) Tj ET Q q 0 0 0 rg BT 210.35 264.75 Td (market ) Tj ET Q q 0 0 0 rg BT 240.24 264.75 Td (assumption ) Tj ET Q q 0 0 0 rg BT 287.93 264.75 Td (that ) Tj ET Q q 0 0 0 rg BT 305.05 264.75 Td (the ) Tj ET Q q 0 0 0 rg BT 319.39 264.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 335.87 264.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 350.76 264.75 Td (will ) Tj ET Q q 0 0 0 rg BT 368.44 264.75 Td (occur) Tj ET Q q 0 0 0 rg BT 390.10 264.75 Td (. ) Tj ET Q q 0 0 0 rg BT 394.73 264.75 Td ( ) Tj ET Q q 0 0 0 rg BT 396.38 264.75 Td (As ) Tj ET Q q 0 0 0 rg BT 409.62 264.75 Td (a ) Tj ET Q q 0 0 0 rg BT 416.18 264.75 Td (result ) Tj ET Q q 0 0 0 rg BT 440.53 264.75 Td (of ) Tj ET Q q 0 0 0 rg BT 450.98 264.75 Td (the ) Tj ET Q q 0 0 0 rg BT 465.32 264.75 Td (pending ) Tj ET Q q 0 0 0 rg BT 499.67 264.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 516.15 264.75 Td (ger) Tj ET Q q 0 0 0 rg BT 528.51 264.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 252.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 112.31 252.75 Td (in ) Tj ET Q q 0 0 0 rg BT 123.07 252.75 Td (our ) Tj ET Q q 0 0 0 rg BT 139.39 252.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 163.48 252.75 Td (has ) Tj ET Q q 0 0 0 rg BT 179.80 252.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 220.54 252.75 Td (substantially) Tj ET Q q 0 0 0 rg BT 270.44 252.75 Td (. ) Tj ET Q q 0 0 0 rg BT 275.92 252.75 Td ( ) Tj ET Q q 0 0 0 rg BT 278.91 252.75 Td (If ) Tj ET Q q 0 0 0 rg BT 288.55 252.75 Td (the ) Tj ET Q q 0 0 0 rg BT 303.75 252.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 320.23 252.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 335.99 252.75 Td (is ) Tj ET Q q 0 0 0 rg BT 345.64 252.75 Td (not ) Tj ET Q q 0 0 0 rg BT 361.40 252.75 Td (consummated, ) Tj ET Q q 0 0 0 rg BT 422.43 252.75 Td (or ) Tj ET Q q 0 0 0 rg BT 433.75 252.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 462.84 252.75 Td (thereof ) Tj ET Q q 0 0 0 rg BT 494.15 252.75 Td (is ) Tj ET Q q 0 0 0 rg BT 503.80 252.75 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 240.75 Td (delayed, ) Tj ET Q q 0 0 0 rg BT 116.98 240.75 Td (the ) Tj ET Q q 0 0 0 rg BT 131.59 240.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 177.86 240.75 Td (goals ) Tj ET Q q 0 0 0 rg BT 201.35 240.75 Td (of ) Tj ET Q q 0 0 0 rg BT 212.07 240.75 Td (our ) Tj ET Q q 0 0 0 rg BT 227.79 240.75 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 280.72 240.75 Td (may ) Tj ET Q q 0 0 0 rg BT 300.33 240.75 Td (be ) Tj ET Q q 0 0 0 rg BT 312.15 240.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 355.08 240.75 Td (dif) Tj ET Q q 0 0 0 rg BT 366.00 240.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 391.71 240.75 Td (than ) Tj ET Q q 0 0 0 rg BT 411.31 240.75 Td (those ) Tj ET Q q 0 0 0 rg BT 434.81 240.75 Td (of ) Tj ET Q q 0 0 0 rg BT 445.53 240.75 Td (our ) Tj ET Q q 0 0 0 rg BT 461.24 240.75 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 514.18 240.75 Td (on ) Tj ET Q q 0 0 0 rg BT 526.57 240.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 228.75 Td (pre-Mer) Tj ET Q q 0 0 0 rg BT 113.58 228.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 129.37 228.75 Td (announcement ) Tj ET Q q 0 0 0 rg BT 190.70 228.75 Td (basis. ) Tj ET Q q 0 0 0 rg BT 216.22 228.75 Td (In ) Tj ET Q q 0 0 0 rg BT 227.57 228.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 265.87 228.75 Td (we ) Tj ET Q q 0 0 0 rg BT 280.55 228.75 Td (will ) Tj ET Q q 0 0 0 rg BT 299.13 228.75 Td (remain ) Tj ET Q q 0 0 0 rg BT 329.91 228.75 Td (liable ) Tj ET Q q 0 0 0 rg BT 355.15 228.75 Td (for ) Tj ET Q q 0 0 0 rg BT 369.83 228.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 415.06 228.75 Td (transaction ) Tj ET Q q 0 0 0 rg BT 461.96 228.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 484.98 228.75 Td (that ) Tj ET Q q 0 0 0 rg BT 502.99 228.75 Td (will ) Tj ET Q q 0 0 0 rg BT 521.57 228.75 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 216.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 115.31 216.75 Td (even ) Tj ET Q q 0 0 0 rg BT 137.41 216.75 Td (if ) Tj ET Q q 0 0 0 rg BT 146.74 216.75 Td (the ) Tj ET Q q 0 0 0 rg BT 162.17 216.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 178.65 216.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 194.64 216.75 Td (is ) Tj ET Q q 0 0 0 rg BT 204.53 216.75 Td (not ) Tj ET Q q 0 0 0 rg BT 220.53 216.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 265.40 216.75 Td (and ) Tj ET Q q 0 0 0 rg BT 283.05 216.75 Td (could ) Tj ET Q q 0 0 0 rg BT 308.49 216.75 Td (also ) Tj ET Q q 0 0 0 rg BT 327.82 216.75 Td (be ) Tj ET Q q 0 0 0 rg BT 340.48 216.75 Td (required ) Tj ET Q q 0 0 0 rg BT 377.01 216.75 Td (to ) Tj ET Q q 0 0 0 rg BT 388.01 216.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 405.67 216.75 Td (a ) Tj ET Q q 0 0 0 rg BT 413.32 216.75 Td (termination ) Tj ET Q q 0 0 0 rg BT 462.64 216.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 478.07 216.75 Td (to ) Tj ET Q q 0 0 0 rg BT 488.35 216.75 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 523.23 216.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 204.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 114.59 204.75 Td (circumstances. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 180.75 Td (The ) Tj ET Q q 0 0 0 rg BT 99.49 180.75 Td (pending ) Tj ET Q q 0 0 0 rg BT 135.21 180.75 Td (Merger ) Tj ET Q q 0 0 0 rg BT 168.14 180.75 Td (and ) Tj ET Q q 0 0 0 rg BT 186.08 180.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 227.91 180.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 276.41 180.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 319.35 180.75 Td (in ) Tj ET Q q 0 0 0 rg BT 330.07 180.75 Td (the ) Tj ET Q q 0 0 0 rg BT 345.23 180.75 Td (Merger ) Tj ET Q q 0 0 0 rg BT 377.80 180.75 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 425.18 180.75 Td (could ) Tj ET Q q 0 0 0 rg BT 450.34 180.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 491.03 180.75 Td (af) Tj ET Q q 0 0 0 rg BT 499.18 180.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 516.55 180.75 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 168.75 Td (business ) Tj ET Q q 0 0 0 rg BT 118.51 168.75 Td (and ) Tj ET Q q 0 0 0 rg BT 136.58 168.75 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 144.75 Td (The ) Tj ET Q q 0 0 0 rg BT 121.01 144.75 Td (proposed ) Tj ET Q q 0 0 0 rg BT 159.64 144.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 176.12 144.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 190.85 144.75 Td (and ) Tj ET Q q 0 0 0 rg BT 207.25 144.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 236.42 144.75 Td (interim ) Tj ET Q q 0 0 0 rg BT 267.27 144.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 307.00 144.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 348.95 144.75 Td (that ) Tj ET Q q 0 0 0 rg BT 365.91 144.75 Td (govern ) Tj ET Q q 0 0 0 rg BT 395.64 144.75 Td (the ) Tj ET Q q 0 0 0 rg BT 409.83 144.75 Td (conduct ) Tj ET Q q 0 0 0 rg BT 443.45 144.75 Td (of ) Tj ET Q q 0 0 0 rg BT 453.74 144.75 Td (our ) Tj ET Q q 0 0 0 rg BT 469.04 144.75 Td (business ) Tj ET Q q 0 0 0 rg BT 504.89 144.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 132.75 Td (the ) Tj ET Q q 0 0 0 rg BT 95.55 132.75 Td (pendency ) Tj ET Q q 0 0 0 rg BT 136.20 132.75 Td (of ) Tj ET Q q 0 0 0 rg BT 146.86 132.75 Td (the ) Tj ET Q q 0 0 0 rg BT 161.41 132.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 177.89 132.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 192.99 132.75 Td (could ) Tj ET Q q 0 0 0 rg BT 217.54 132.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 242.08 132.75 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 288.86 132.75 Td (to ) Tj ET Q q 0 0 0 rg BT 298.97 132.75 Td (the ) Tj ET Q q 0 0 0 rg BT 313.52 132.75 Td (Company) Tj ET Q q 0 0 0 rg BT 355.19 132.75 Td (s ) Tj ET Q q 0 0 0 rg BT 361.41 132.75 Td (business ) Tj ET Q q 0 0 0 rg BT 397.64 132.75 Td (and ) Tj ET Q q 0 0 0 rg BT 414.41 132.75 Td (business ) Tj ET Q q 0 0 0 rg BT 450.63 132.75 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 506.57 132.75 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 120.75 Td (could ) Tj ET Q q 0 0 0 rg BT 104.56 120.75 Td (have ) Tj ET Q q 0 0 0 rg BT 124.78 120.75 Td (an ) Tj ET Q q 0 0 0 rg BT 135.56 120.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 167.45 120.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 196.00 120.75 Td (on ) Tj ET Q q 0 0 0 rg BT 207.35 120.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.91 120.75 Td (Company) Tj ET Q q 0 0 0 rg BT 262.57 120.75 Td (s ) Tj ET Q q 0 0 0 rg BT 267.81 120.75 Td (results ) Tj ET Q q 0 0 0 rg BT 295.26 120.75 Td (of ) Tj ET Q q 0 0 0 rg BT 304.94 120.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 350.44 120.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 385.67 120.75 Td (and ) Tj ET Q q 0 0 0 rg BT 401.45 120.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.78 120.75 Td (condition. ) Tj ET Q q 0 0 0 rg BT 479.40 120.75 Td (For ) Tj ET Q q 0 0 0 rg BT 494.63 120.75 Td (example, ) Tj ET Q q 0 0 0 rg BT 533.50 120.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 108.75 Td (the ) Tj ET Q q 0 0 0 rg BT 95.19 108.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 136.04 108.75 Td (may ) Tj ET Q q 0 0 0 rg BT 155.23 108.75 Td (be ) Tj ET Q q 0 0 0 rg BT 166.64 108.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 196.94 108.75 Td (or ) Tj ET Q q 0 0 0 rg BT 207.24 108.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 246.41 108.75 Td (from ) Tj ET Q q 0 0 0 rg BT 267.82 108.75 Td (taking ) Tj ET Q q 0 0 0 rg BT 294.79 108.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 323.96 108.75 Td (actions, ) Tj ET Q q 0 0 0 rg BT 356.75 108.75 Td (the ) Tj ET Q q 0 0 0 rg BT 370.94 108.75 Td (attention ) Tj ET Q q 0 0 0 rg BT 407.90 108.75 Td (of ) Tj ET Q q 0 0 0 rg BT 418.20 108.75 Td (the ) Tj ET Q q 0 0 0 rg BT 432.39 108.75 Td (Company) Tj ET Q q 0 0 0 rg BT 474.05 108.75 Td (s ) Tj ET Q q 0 0 0 rg BT 479.92 108.75 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 96.75 Td (may ) Tj ET Q q 0 0 0 rg BT 102.96 96.75 Td (be ) Tj ET Q q 0 0 0 rg BT 117.14 96.75 Td (directed ) Tj ET Q q 0 0 0 rg BT 154.09 96.75 Td (to ) Tj ET Q q 0 0 0 rg BT 166.61 96.75 Td (Mer) Tj ET Q q 0 0 0 rg BT 183.09 96.75 Td (ger) Tj ET Q q 0 0 0 rg BT 195.66 96.75 Td (-related ) Tj ET Q q 0 0 0 rg BT 230.93 96.75 Td (considerations, ) Tj ET Q q 0 0 0 rg BT 295.94 96.75 Td (the ) Tj ET Q q 0 0 0 rg BT 312.90 96.75 Td (Company) Tj ET Q q 0 0 0 rg BT 354.56 96.75 Td (s ) Tj ET Q q 0 0 0 rg BT 363.20 96.75 Td (current ) Tj ET Q q 0 0 0 rg BT 396.26 96.75 Td (and ) Tj ET Q q 0 0 0 rg BT 415.44 96.75 Td (prospective ) Tj ET Q q 0 0 0 rg BT 466.28 96.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 513.78 96.75 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 84.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 126.50 84.75 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 173.68 84.75 Td (about ) Tj ET Q q 0 0 0 rg BT 198.09 84.75 Td (their ) Tj ET Q q 0 0 0 rg BT 218.61 84.75 Td (future ) Tj ET Q q 0 0 0 rg BT 244.69 84.75 Td (roles ) Tj ET Q q 0 0 0 rg BT 266.32 84.75 Td (with ) Tj ET Q q 0 0 0 rg BT 286.30 84.75 Td (the ) Tj ET Q q 0 0 0 rg BT 300.71 84.75 Td (Company) Tj ET Q q 0 0 0 rg BT 338.95 84.75 Td (, ) Tj ET Q q 0 0 0 rg BT 343.65 84.75 Td (which ) Tj ET Q q 0 0 0 rg BT 370.28 84.75 Td (may ) Tj ET Q q 0 0 0 rg BT 389.70 84.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 430.21 84.75 Td (af) Tj ET Q q 0 0 0 rg BT 437.80 84.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 454.98 84.75 Td (our ) Tj ET Q q 0 0 0 rg BT 470.51 84.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 498.26 84.75 Td (to ) Tj ET Q q 0 0 0 rg BT 508.23 84.75 Td (retain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 72.75 Td (and ) Tj ET Q q 0 0 0 rg BT 98.88 72.75 Td (hire ) Tj ET Q q 0 0 0 rg BT 117.86 72.75 Td (key ) Tj ET Q q 0 0 0 rg BT 135.74 72.75 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 180.56 72.75 Td (and ) Tj ET Q q 0 0 0 rg BT 198.43 72.75 Td (parties ) Tj ET Q q 0 0 0 rg BT 228.53 72.75 Td (with ) Tj ET Q q 0 0 0 rg BT 249.75 72.75 Td (which ) Tj ET Q q 0 0 0 rg BT 277.62 72.75 Td (the ) Tj ET Q q 0 0 0 rg BT 293.28 72.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 335.60 72.75 Td (has ) Tj ET Q q 0 0 0 rg BT 352.37 72.75 Td (business ) Tj ET Q q 0 0 0 rg BT 389.70 72.75 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 446.75 72.75 Td (including ) Tj ET Q q 0 0 0 rg BT 487.96 72.75 Td (customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 60.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 118.94 60.75 Td (customers ) Tj ET Q q 0 0 0 rg BT 162.44 60.75 Td (and ) Tj ET Q q 0 0 0 rg BT 179.83 60.75 Td (distributors, ) Tj ET Q q 0 0 0 rg BT 230.84 60.75 Td (may ) Tj ET Q q 0 0 0 rg BT 251.01 60.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 297.27 60.75 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 345.20 60.75 Td (as ) Tj ET Q q 0 0 0 rg BT 356.49 60.75 Td (to ) Tj ET Q q 0 0 0 rg BT 367.22 60.75 Td (the ) Tj ET Q q 0 0 0 rg BT 382.39 60.75 Td (future ) Tj ET Q q 0 0 0 rg BT 409.22 60.75 Td (of ) Tj ET Q q 0 0 0 rg BT 420.50 60.75 Td (such ) Tj ET Q q 0 0 0 rg BT 441.78 60.75 Td (relationships ) Tj ET Q q 0 0 0 rg BT 495.84 60.75 Td (and ) Tj ET Q q 0 0 0 rg BT 513.23 60.75 Td (seek ) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (alternative ) Tj ET Q q 0 0 0 rg BT 126.16 735.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 180.22 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 191.51 735.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 212.24 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 222.97 735.60 Td (alter ) Tj ET Q q 0 0 0 rg BT 243.70 735.60 Td (their ) Tj ET Q q 0 0 0 rg BT 264.98 735.60 Td (present ) Tj ET Q q 0 0 0 rg BT 296.82 735.60 Td (business ) Tj ET Q q 0 0 0 rg BT 333.67 735.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 387.73 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 408.47 735.60 Td (us ) Tj ET Q q 0 0 0 rg BT 420.32 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 431.05 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 438.45 735.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 471.40 735.60 Td (that ) Tj ET Q q 0 0 0 rg BT 489.35 735.60 Td (negatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (impacts ) Tj ET Q q 0 0 0 rg BT 114.60 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.32 723.60 Td (Company) Tj ET Q q 0 0 0 rg BT 167.56 723.60 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 695.10 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 134.97 695.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 175.06 695.10 Td (against ) Tj ET Q q 0 0 0 rg BT 207.92 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.55 695.10 Td (Company) Tj ET Q q 0 0 0 rg BT 262.63 695.10 Td (, ) Tj ET Q q 0 0 0 rg BT 267.98 695.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.28 695.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 324.24 695.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 353.90 695.10 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 389.55 695.10 Td (could ) Tj ET Q q 0 0 0 rg BT 415.18 695.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 439.68 695.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.43 695.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 484.82 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.45 695.10 Td (Merger ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.06 683.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 124.89 683.10 Td (us ) Tj ET Q q 0 0 0 rg BT 136.84 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.12 683.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 171.85 683.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 218.25 683.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 240.75 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.81 683.10 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 666.60 Td (T) Tj ET Q q 0 0 0 rg BT 109.26 666.60 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 156.92 666.60 Td (such ) Tj ET Q q 0 0 0 rg BT 177.93 666.60 Td (as ) Tj ET Q q 0 0 0 rg BT 188.94 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.83 666.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 220.31 666.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 235.76 666.60 Td (are ) Tj ET Q q 0 0 0 rg BT 250.64 666.60 Td (often ) Tj ET Q q 0 0 0 rg BT 273.87 666.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 304.87 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.33 666.60 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 350.79 666.60 Td (by ) Tj ET Q q 0 0 0 rg BT 363.46 666.60 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 419.18 666.60 Td (Conditions ) Tj ET Q q 0 0 0 rg BT 465.75 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 476.21 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 491.10 666.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 522.67 666.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.41 654.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 111.89 654.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 126.85 654.60 Td (require ) Tj ET Q q 0 0 0 rg BT 157.36 654.60 Td (that ) Tj ET Q q 0 0 0 rg BT 174.55 654.60 Td (no ) Tj ET Q q 0 0 0 rg BT 186.74 654.60 Td (law ) Tj ET Q q 0 0 0 rg BT 203.38 654.60 Td (or ) Tj ET Q q 0 0 0 rg BT 213.90 654.60 Td (order ) Tj ET Q q 0 0 0 rg BT 237.19 654.60 Td (must ) Tj ET Q q 0 0 0 rg BT 258.84 654.60 Td (have ) Tj ET Q q 0 0 0 rg BT 279.91 654.60 Td (been ) Tj ET Q q 0 0 0 rg BT 300.98 654.60 Td (enacted, ) Tj ET Q q 0 0 0 rg BT 336.20 654.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 363.40 654.60 Td (or ) Tj ET Q q 0 0 0 rg BT 373.92 654.60 Td (enforced ) Tj ET Q q 0 0 0 rg BT 411.09 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 427.72 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.69 654.60 Td (ef) Tj ET Q q 0 0 0 rg BT 445.28 654.60 Td (fect, ) Tj ET Q q 0 0 0 rg BT 464.96 654.60 Td (that ) Tj ET Q q 0 0 0 rg BT 482.15 654.60 Td (would ) Tj ET Q q 0 0 0 rg BT 509.34 654.60 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.46 642.60 Td (consummation ) Tj ET Q q 0 0 0 rg BT 156.59 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.16 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.62 642.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 198.10 642.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 213.11 642.60 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 242.85 642.60 Td (prevent, ) Tj ET Q q 0 0 0 rg BT 277.57 642.60 Td (prohibit, ) Tj ET Q q 0 0 0 rg BT 313.98 642.60 Td (restrain ) Tj ET Q q 0 0 0 rg BT 346.21 642.60 Td (or ) Tj ET Q q 0 0 0 rg BT 356.79 642.60 Td (enjoin ) Tj ET Q q 0 0 0 rg BT 384.02 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.49 642.60 Td (consummation ) Tj ET Q q 0 0 0 rg BT 459.61 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 470.18 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 484.65 642.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 501.12 642.60 Td (ger) Tj ET Q q 0 0 0 rg BT 513.34 642.60 Td (. ) Tj ET Q q 0 0 0 rg BT 517.92 642.60 Td (W) Tj ET Q q 0 0 0 rg BT 526.56 642.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 630.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 109.49 630.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 141.86 630.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 182.56 630.60 Td (as ) Tj ET Q q 0 0 0 rg BT 192.72 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.33 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 216.38 630.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 252.65 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 262.81 630.60 Td (any ) Tj ET Q q 0 0 0 rg BT 279.08 630.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 315.90 630.60 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 353.01 630.60 Td (including ) Tj ET Q q 0 0 0 rg BT 392.61 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.66 630.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 428.49 630.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 471.42 630.60 Td (with ) Tj ET Q q 0 0 0 rg BT 491.02 630.60 Td (defending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 618.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 124.32 618.60 Td (or ) Tj ET Q q 0 0 0 rg BT 135.15 618.60 Td (any ) Tj ET Q q 0 0 0 rg BT 152.09 618.60 Td (other ) Tj ET Q q 0 0 0 rg BT 175.14 618.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 214.85 618.60 Td (that ) Tj ET Q q 0 0 0 rg BT 232.35 618.60 Td (may ) Tj ET Q q 0 0 0 rg BT 252.06 618.60 Td (be ) Tj ET Q q 0 0 0 rg BT 264.00 618.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 299.82 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 310.10 618.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 356.47 618.60 Td (with ) Tj ET Q q 0 0 0 rg BT 376.75 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 391.46 618.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 430.07 618.60 Td (or ) Tj ET Q q 0 0 0 rg BT 440.90 618.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 484.50 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.33 618.60 Td (lawsuits. ) Tj ET Q q 0 0 0 rg BT 533.11 618.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 582.60 Td (Risks Relating to Our) Tj ET Q q 0 0 0 rg BT 173.88 582.60 Td ( Business) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 560.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 100.17 560.10 Td (business ) Tj ET Q q 0 0 0 rg BT 137.69 560.10 Td (is ) Tj ET Q q 0 0 0 rg BT 146.86 560.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 175.48 560.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 216.86 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.93 560.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 266.31 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.59 560.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 320.78 560.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 343.27 560.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 391.89 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.95 560.10 Td (regulations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.00 543.60 Td (State ) Tj ET Q q 0 0 0 rg BT 127.50 543.60 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 527.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.18 527.10 Td (business ) Tj ET Q q 0 0 0 rg BT 159.70 527.10 Td (is ) Tj ET Q q 0 0 0 rg BT 169.00 527.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 199.96 527.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.36 527.10 Td (government ) Tj ET Q q 0 0 0 rg BT 260.76 527.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 303.93 527.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.34 527.10 Td (each ) Tj ET Q q 0 0 0 rg BT 335.28 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.24 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.09 527.10 Td (states ) Tj ET Q q 0 0 0 rg BT 385.93 527.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.34 527.10 Td (which ) Tj ET Q q 0 0 0 rg BT 423.41 527.10 Td (we ) Tj ET Q q 0 0 0 rg BT 437.70 527.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 471.98 527.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 511.00 527.10 Td (Such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 515.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 123.46 515.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.06 515.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 159.53 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.23 515.10 Td (state ) Tj ET Q q 0 0 0 rg BT 189.48 515.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 225.82 515.10 Td (having ) Tj ET Q q 0 0 0 rg BT 254.96 515.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 279.65 515.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 338.78 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.15 515.10 Td (discretionary) Tj ET Q q 0 0 0 rg BT 406.70 515.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.12 515.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 449.15 515.10 Td (with ) Tj ET Q q 0 0 0 rg BT 468.85 515.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 499.09 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.79 515.10 Td (many ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 503.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 111.66 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.78 503.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.90 503.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 175.07 503.10 Td (which ) Tj ET Q q 0 0 0 rg BT 201.30 503.10 Td (may ) Tj ET Q q 0 0 0 rg BT 220.30 503.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 254.02 503.10 Td (among ) Tj ET Q q 0 0 0 rg BT 283.02 503.10 Td (other ) Tj ET Q q 0 0 0 rg BT 305.36 503.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 334.09 503.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 371.98 503.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 392.64 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.87 503.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 447.30 503.10 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 479.35 503.10 Td (underwriting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 491.10 Td (practices, ) Tj ET Q q 0 0 0 rg BT 123.56 491.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 156.96 491.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 216.19 491.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 261.25 491.10 Td (practices, ) Tj ET Q q 0 0 0 rg BT 303.81 491.10 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 355.28 491.10 Td (privacy) Tj ET Q q 0 0 0 rg BT 384.61 491.10 Td (, ) Tj ET Q q 0 0 0 rg BT 391.64 491.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 421.16 491.10 Td (forms, ) Tj ET Q q 0 0 0 rg BT 451.52 491.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 502.13 491.10 Td (reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 479.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 139.86 479.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 194.29 479.10 Td (mer) Tj ET Q q 0 0 0 rg BT 209.65 479.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 230.47 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.07 479.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 279.87 479.10 Td (adequacy) Tj ET Q q 0 0 0 rg BT 316.98 479.10 Td (, ) Tj ET Q q 0 0 0 rg BT 323.63 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.23 479.10 Td (is ) Tj ET Q q 0 0 0 rg BT 353.05 479.10 Td (concerned ) Tj ET Q q 0 0 0 rg BT 398.29 479.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 439.66 479.10 Td (with ) Tj ET Q q 0 0 0 rg BT 461.60 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.97 479.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 522.67 479.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 467.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 137.77 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.55 467.10 Td (other ) Tj ET Q q 0 0 0 rg BT 177.44 467.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 220.33 467.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 245.98 467.10 Td (than ) Tj ET Q q 0 0 0 rg BT 265.54 467.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 320.40 467.10 Td (At ) Tj ET Q q 0 0 0 rg BT 332.74 467.10 Td (any ) Tj ET Q q 0 0 0 rg BT 349.52 467.10 Td (given ) Tj ET Q q 0 0 0 rg BT 374.08 467.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 396.69 467.10 Td (we ) Tj ET Q q 0 0 0 rg BT 410.69 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.47 467.10 Td (our ) Tj ET Q q 0 0 0 rg BT 443.14 467.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 483.80 467.10 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 455.10 Td (may ) Tj ET Q q 0 0 0 rg BT 101.16 455.10 Td (be ) Tj ET Q q 0 0 0 rg BT 113.54 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.71 455.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 159.97 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.25 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.63 455.10 Td (number ) Tj ET Q q 0 0 0 rg BT 212.12 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.40 455.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 259.12 455.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 297.04 455.10 Td (or ) Tj ET Q q 0 0 0 rg BT 308.32 455.10 Td (market ) Tj ET Q q 0 0 0 rg BT 339.03 455.10 Td (conduct, ) Tj ET Q q 0 0 0 rg BT 376.13 455.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 402.96 455.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.23 455.10 Td (inquiries. ) Tj ET Q q 0 0 0 rg BT 454.67 455.10 Td (From ) Tj ET Q q 0 0 0 rg BT 479.29 455.10 Td (time ) Tj ET Q q 0 0 0 rg BT 500.00 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.73 455.10 Td (time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 443.10 Td (regulators ) Tj ET Q q 0 0 0 rg BT 124.33 443.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 146.56 443.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 173.80 443.10 Td (during ) Tj ET Q q 0 0 0 rg BT 203.26 443.10 Td (such ) Tj ET Q q 0 0 0 rg BT 224.94 443.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 281.60 443.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.28 443.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 320.52 443.10 Td (that ) Tj ET Q q 0 0 0 rg BT 338.86 443.10 Td (could, ) Tj ET Q q 0 0 0 rg BT 366.93 443.10 Td (if ) Tj ET Q q 0 0 0 rg BT 376.38 443.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 424.71 443.10 Td (adversely) Tj ET Q q 0 0 0 rg BT 462.38 443.10 Td (, ) Tj ET Q q 0 0 0 rg BT 468.23 443.10 Td (have ) Tj ET Q q 0 0 0 rg BT 490.45 443.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.24 443.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 431.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.71 431.10 Td (on ) Tj ET Q q 0 0 0 rg BT 123.21 431.10 Td (our ) Tj ET Q q 0 0 0 rg BT 139.04 431.10 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 413.10 Td (e ) Tj ET Q q 0 0 0 rg BT 119.95 413.10 Td (have ) Tj ET Q q 0 0 0 rg BT 140.70 413.10 Td (received ) Tj ET Q q 0 0 0 rg BT 176.44 413.10 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 213.31 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 234.62 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.94 413.10 Td (number ) Tj ET Q q 0 0 0 rg BT 273.36 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.56 413.10 Td (state ) Tj ET Q q 0 0 0 rg BT 303.76 413.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 346.73 413.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 390.82 413.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 431.01 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 446.22 413.10 Td (use ) Tj ET Q q 0 0 0 rg BT 461.42 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.63 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.72 413.10 Td (U.S.Social ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 401.10 Td (Security ) Tj ET Q q 0 0 0 rg BT 116.84 401.10 Td (Administration) Tj ET Q q 0 0 0 rg BT 180.17 401.10 Td (s ) Tj ET Q q 0 0 0 rg BT 187.29 401.10 Td (Death ) Tj ET Q q 0 0 0 rg BT 214.39 401.10 Td (Master ) Tj ET Q q 0 0 0 rg BT 245.39 401.10 Td (File ) Tj ET Q q 0 0 0 rg BT 264.17 401.10 Td (\(Death ) Tj ET Q q 0 0 0 rg BT 299.05 401.10 Td (Master ) Tj ET Q q 0 0 0 rg BT 330.04 401.10 Td (File\) ) Tj ET Q q 0 0 0 rg BT 356.60 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.26 401.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 423.58 401.10 Td (with ) Tj ET Q q 0 0 0 rg BT 444.58 401.10 Td (state ) Tj ET Q q 0 0 0 rg BT 466.14 401.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 495.47 401.10 Td (practices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 389.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 128.25 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.51 389.10 Td (unclaimed ) Tj ET Q q 0 0 0 rg BT 189.99 389.10 Td (property ) Tj ET Q q 0 0 0 rg BT 226.68 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 237.84 389.10 Td (escheatment ) Tj ET Q q 0 0 0 rg BT 290.08 389.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 313.52 389.10 Td (The ) Tj ET Q q 0 0 0 rg BT 331.89 389.10 Td (NYDFS ) Tj ET Q q 0 0 0 rg BT 367.50 389.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 395.32 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.58 389.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 425.95 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.21 389.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 490.46 389.10 Td (regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 377.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 120.05 377.10 Td (life ) Tj ET Q q 0 0 0 rg BT 135.77 377.10 Td (insurers ) Tj ET Q q 0 0 0 rg BT 169.83 377.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 195.00 377.10 Td (business ) Tj ET Q q 0 0 0 rg BT 231.29 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.47 377.10 Td (New ) Tj ET Q q 0 0 0 rg BT 262.39 377.10 Td (Y) Tj ET Q q 0 0 0 rg BT 268.61 377.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 284.34 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.51 377.10 Td (use ) Tj ET Q q 0 0 0 rg BT 310.24 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.85 377.10 Td (Death ) Tj ET Q q 0 0 0 rg BT 351.13 377.10 Td (Master ) Tj ET Q q 0 0 0 rg BT 381.29 377.10 Td (File ) Tj ET Q q 0 0 0 rg BT 399.24 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 409.97 377.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 440.14 377.10 Td (databases ) Tj ET Q q 0 0 0 rg BT 480.85 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.03 377.10 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 365.10 Td (if ) Tj ET Q q 0 0 0 rg BT 90.45 365.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 125.45 365.10 Td (were ) Tj ET Q q 0 0 0 rg BT 148.23 365.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 182.67 365.10 Td (under ) Tj ET Q q 0 0 0 rg BT 208.78 365.10 Td (life ) Tj ET Q q 0 0 0 rg BT 225.45 365.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 267.11 365.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 304.06 365.10 Td (annuities ) Tj ET Q q 0 0 0 rg BT 343.50 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.29 365.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 396.83 365.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 419.62 365.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 460.45 365.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 486.56 365.10 Td (states ) Tj ET Q q 0 0 0 rg BT 512.12 365.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 353.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 114.88 353.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 136.55 353.10 Td (which ) Tj ET Q q 0 0 0 rg BT 164.33 353.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.24 353.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 215.47 353.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 271.01 353.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.36 353.10 Td (insurers ) Tj ET Q q 0 0 0 rg BT 319.36 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.49 353.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 381.59 353.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 419.36 353.10 Td (their ) Tj ET Q q 0 0 0 rg BT 441.03 353.10 Td (in-force ) Tj ET Q q 0 0 0 rg BT 476.02 353.10 Td (life ) Tj ET Q q 0 0 0 rg BT 492.69 353.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 341.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 113.43 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.19 341.10 Td (annuities ) Tj ET Q q 0 0 0 rg BT 166.62 341.10 Td (against ) Tj ET Q q 0 0 0 rg BT 196.27 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.81 341.10 Td (Death ) Tj ET Q q 0 0 0 rg BT 235.01 341.10 Td (Master ) Tj ET Q q 0 0 0 rg BT 264.11 341.10 Td (File ) Tj ET Q q 0 0 0 rg BT 280.99 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.64 341.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 319.74 341.10 Td (databases, ) Tj ET Q q 0 0 0 rg BT 361.88 341.10 Td (investigate ) Tj ET Q q 0 0 0 rg BT 406.53 341.10 Td (any ) Tj ET Q q 0 0 0 rg BT 422.29 341.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 461.93 341.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 498.25 341.10 Td (matches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.13 329.10 Td (confirm ) Tj ET Q q 0 0 0 rg BT 125.15 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.72 329.10 Td (death ) Tj ET Q q 0 0 0 rg BT 163.73 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.42 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.99 329.10 Td (insured ) Tj ET Q q 0 0 0 rg BT 220.78 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.58 329.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 279.91 329.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 314.48 329.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 348.49 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 363.05 329.10 Td (due ) Tj ET Q q 0 0 0 rg BT 379.85 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.64 329.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 428.99 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.12 329.10 Td (locate ) Tj ET Q q 0 0 0 rg BT 465.35 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.92 329.10 Td (beneficiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.96 317.10 Td (any ) Tj ET Q q 0 0 0 rg BT 107.04 317.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 140.33 317.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.96 317.10 Td (are ) Tj ET Q q 0 0 0 rg BT 170.80 317.10 Td (due ) Tj ET Q q 0 0 0 rg BT 186.87 317.10 Td (or) Tj ET Q q 0 0 0 rg BT 194.80 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 198.94 317.10 Td (if ) Tj ET Q q 0 0 0 rg BT 206.68 317.10 Td (no ) Tj ET Q q 0 0 0 rg BT 218.32 317.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 264.92 317.10 Td (can ) Tj ET Q q 0 0 0 rg BT 280.43 317.10 Td (be ) Tj ET Q q 0 0 0 rg BT 291.51 317.10 Td (located, ) Tj ET Q q 0 0 0 rg BT 324.51 317.10 Td (escheat ) Tj ET Q q 0 0 0 rg BT 355.57 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.42 317.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 398.82 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.23 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.09 317.10 Td (state ) Tj ET Q q 0 0 0 rg BT 442.05 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.01 317.10 Td (unclaimed ) Tj ET Q q 0 0 0 rg BT 495.30 317.10 Td (property) Tj ET Q q 0 0 0 rg BT 528.52 317.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 305.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 305.10 Td (e ) Tj ET Q q 0 0 0 rg BT 96.42 305.10 Td (have ) Tj ET Q q 0 0 0 rg BT 117.63 305.10 Td (received ) Tj ET Q q 0 0 0 rg BT 153.84 305.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 180.61 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.28 305.10 Td (escheatment ) Tj ET Q q 0 0 0 rg BT 243.04 305.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 269.27 305.10 Td (from ) Tj ET Q q 0 0 0 rg BT 291.05 305.10 Td (several ) Tj ET Q q 0 0 0 rg BT 321.70 305.10 Td (states. ) Tj ET Q q 0 0 0 rg BT 348.59 305.10 Td (W) Tj ET Q q 0 0 0 rg BT 357.23 305.10 Td (e ) Tj ET Q q 0 0 0 rg BT 364.01 305.10 Td (have ) Tj ET Q q 0 0 0 rg BT 385.22 305.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 405.89 305.10 Td (suit ) Tj ET Q q 0 0 0 rg BT 422.68 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.80 305.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 462.89 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.67 305.10 Td (state ) Tj ET Q q 0 0 0 rg BT 500.33 305.10 Td (court ) Tj ET Q q 0 0 0 rg BT 523.22 305.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 293.10 Td (challenge ) Tj ET Q q 0 0 0 rg BT 122.22 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.34 293.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 160.25 293.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 194.26 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.49 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.62 293.10 Td (California ) Tj ET Q q 0 0 0 rg BT 264.07 293.10 Td (controller ) Tj ET Q q 0 0 0 rg BT 305.85 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.19 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.32 293.10 Td (applicability ) Tj ET Q q 0 0 0 rg BT 391.21 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.45 293.10 Td (California) Tj ET Q q 0 0 0 rg BT 445.77 293.10 Td (s ) Tj ET Q q 0 0 0 rg BT 452.57 293.10 Td (unclaimed ) Tj ET Q q 0 0 0 rg BT 497.13 293.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 281.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 102.32 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.08 281.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 131.60 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.59 281.10 Td (generally) Tj ET Q q 0 0 0 rg BT 171.14 281.10 Td (. ) Tj ET Q q 0 0 0 rg BT 176.63 281.10 Td (It ) Tj ET Q q 0 0 0 rg BT 185.73 281.10 Td (is ) Tj ET Q q 0 0 0 rg BT 195.38 281.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 231.15 281.10 Td (that ) Tj ET Q q 0 0 0 rg BT 249.13 281.10 Td (these ) Tj ET Q q 0 0 0 rg BT 272.67 281.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 327.86 281.10 Td (will ) Tj ET Q q 0 0 0 rg BT 346.40 281.10 Td (result ) Tj ET Q q 0 0 0 rg BT 371.60 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.37 281.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 425.35 281.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 466.66 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.42 281.10 Td (beneficiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 269.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 124.23 269.10 Td (escheatment ) Tj ET Q q 0 0 0 rg BT 176.89 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.46 269.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 213.92 269.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 248.25 269.10 Td (abandoned ) Tj ET Q q 0 0 0 rg BT 294.80 269.10 Td (under ) Tj ET Q q 0 0 0 rg BT 320.81 269.10 Td (state ) Tj ET Q q 0 0 0 rg BT 342.37 269.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 363.94 269.10 Td (or ) Tj ET Q q 0 0 0 rg BT 375.51 269.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 435.96 269.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 474.74 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.42 269.10 Td (expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 257.10 Td (While ) Tj ET Q q 0 0 0 rg BT 107.63 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.48 257.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 152.55 257.10 Td (that ) Tj ET Q q 0 0 0 rg BT 169.74 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 183.59 257.10 Td (have ) Tj ET Q q 0 0 0 rg BT 204.66 257.10 Td (established ) Tj ET Q q 0 0 0 rg BT 251.29 257.10 Td (suf) Tj ET Q q 0 0 0 rg BT 263.33 257.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 291.07 257.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 326.02 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 345.99 257.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 376.50 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.47 257.10 Td (these ) Tj ET Q q 0 0 0 rg BT 409.21 257.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 443.34 257.10 Td (it ) Tj ET Q q 0 0 0 rg BT 451.09 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 459.95 257.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 494.93 257.10 Td (that ) Tj ET Q q 0 0 0 rg BT 512.12 257.10 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 245.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 110.48 245.10 Td (could ) Tj ET Q q 0 0 0 rg BT 135.52 245.10 Td (dispute ) Tj ET Q q 0 0 0 rg BT 167.24 245.10 Td (these ) Tj ET Q q 0 0 0 rg BT 190.61 245.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 227.32 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.59 245.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 287.40 245.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 328.56 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.71 245.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 382.53 245.10 Td (unreported ) Tj ET Q q 0 0 0 rg BT 428.67 245.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 457.60 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.76 245.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 508.80 245.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 233.10 Td (be ) Tj ET Q q 0 0 0 rg BT 92.59 233.10 Td (required ) Tj ET Q q 0 0 0 rg BT 128.07 233.10 Td (or ) Tj ET Q q 0 0 0 rg BT 138.55 233.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 179.03 233.10 Td (given ) Tj ET Q q 0 0 0 rg BT 203.40 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.77 233.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 252.71 233.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 295.96 233.10 Td (developments, ) Tj ET Q q 0 0 0 rg BT 356.15 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.53 233.10 Td (ef) Tj ET Q q 0 0 0 rg BT 378.11 233.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 399.15 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.63 233.10 Td (which ) Tj ET Q q 0 0 0 rg BT 436.23 233.10 Td (could ) Tj ET Q q 0 0 0 rg BT 460.60 233.10 Td (be ) Tj ET Q q 0 0 0 rg BT 472.19 233.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 516.56 233.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 221.10 Td (could ) Tj ET Q q 0 0 0 rg BT 105.72 221.10 Td (have ) Tj ET Q q 0 0 0 rg BT 127.09 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.03 221.10 Td (material ) Tj ET Q q 0 0 0 rg BT 169.29 221.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 202.33 221.10 Td (ef) Tj ET Q q 0 0 0 rg BT 209.92 221.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 227.40 221.10 Td (on ) Tj ET Q q 0 0 0 rg BT 239.90 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 255.73 221.10 Td (results ) Tj ET Q q 0 0 0 rg BT 284.34 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.17 221.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 339.33 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.60 221.10 Td (any ) Tj ET Q q 0 0 0 rg BT 366.54 221.10 Td (one ) Tj ET Q q 0 0 0 rg BT 383.48 221.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 203.10 Td (State ) Tj ET Q q 0 0 0 rg BT 128.01 203.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 169.33 203.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 221.22 203.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 255.88 203.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 291.66 203.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 347.99 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.33 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.56 203.10 Td (books ) Tj ET Q q 0 0 0 rg BT 401.47 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.92 203.10 Td (records, ) Tj ET Q q 0 0 0 rg BT 453.86 203.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 491.85 203.10 Td (reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 191.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 108.93 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.31 191.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 144.23 191.10 Td (filings, ) Tj ET Q q 0 0 0 rg BT 175.22 191.10 Td (market ) Tj ET Q q 0 0 0 rg BT 205.92 191.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 240.51 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.89 191.10 Td (business ) Tj ET Q q 0 0 0 rg BT 294.71 191.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 333.18 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.45 191.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 385.70 191.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 431.40 191.10 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 474.32 191.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.04 191.10 Td (their ) Tj ET Q q 0 0 0 rg BT 506.30 191.10 Td (states, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 179.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 121.07 179.10 Td (once ) Tj ET Q q 0 0 0 rg BT 142.82 179.10 Td (every ) Tj ET Q q 0 0 0 rg BT 167.90 179.10 Td (three ) Tj ET Q q 0 0 0 rg BT 190.75 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.40 179.10 Td (five ) Tj ET Q q 0 0 0 rg BT 219.82 179.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 246.08 179.10 Td (The ) Tj ET Q q 0 0 0 rg BT 264.50 179.10 Td (regulator ) Tj ET Q q 0 0 0 rg BT 303.46 179.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.11 179.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 332.63 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.50 179.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 377.14 179.10 Td (s ) Tj ET Q q 0 0 0 rg BT 383.91 179.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 421.21 179.10 Td (state ) Tj ET Q q 0 0 0 rg BT 442.41 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.61 179.10 Td (domicile, ) Tj ET Q q 0 0 0 rg BT 493.97 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.06 179.10 Td (MIA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 167.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 125.01 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.81 167.10 Td (routine ) Tj ET Q q 0 0 0 rg BT 162.50 167.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.84 167.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 251.63 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.32 167.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 280.84 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.20 167.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 324.43 167.10 Td (for ) Tj ET Q q 0 0 0 rg BT 338.45 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.03 167.10 Td (three-year ) Tj ET Q q 0 0 0 rg BT 395.91 167.10 Td (period ) Tj ET Q q 0 0 0 rg BT 423.82 167.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 450.06 167.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 508.50 167.10 Td (2012. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 155.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.57 155.10 Td (NYDFS ) Tj ET Q q 0 0 0 rg BT 135.38 155.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 180.05 155.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.51 155.10 Td (routine ) Tj ET Q q 0 0 0 rg BT 218.86 155.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.86 155.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 309.32 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.67 155.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 339.19 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.21 155.10 Td (NY) Tj ET Q q 0 0 0 rg BT 356.28 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.31 155.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 401.20 155.10 Td (for ) Tj ET Q q 0 0 0 rg BT 415.88 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.12 155.10 Td (three-year ) Tj ET Q q 0 0 0 rg BT 474.66 155.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 507.12 155.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 143.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 139.52 143.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 161.96 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.84 143.10 Td (is ) Tj ET Q q 0 0 0 rg BT 187.94 143.10 Td (completing ) Tj ET Q q 0 0 0 rg BT 235.37 143.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 293.89 143.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 318.83 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.71 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.19 143.10 Td (V) Tj ET Q q 0 0 0 rg BT 356.30 143.10 Td (ermont ) Tj ET Q q 0 0 0 rg BT 387.06 143.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 436.70 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.47 143.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 487.12 143.10 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 131.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 126.14 131.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.08 131.10 Td (routine ) Tj ET Q q 0 0 0 rg BT 165.90 131.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 204.37 131.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 257.29 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.12 131.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 298.16 131.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 312.76 131.10 Td (for ) Tj ET Q q 0 0 0 rg BT 327.91 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.62 131.10 Td (period ) Tj ET Q q 0 0 0 rg BT 372.66 131.10 Td (from ) Tj ET Q q 0 0 0 rg BT 394.82 131.10 Td (April7, ) Tj ET Q q 0 0 0 rg BT 429.43 131.10 Td (201) Tj ET Q q 0 0 0 rg BT 444.05 131.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 452.55 131.10 Td (\(commencement ) Tj ET Q q 0 0 0 rg BT 522.68 131.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 119.10 Td (business\) ) Tj ET Q q 0 0 0 rg BT 121.01 119.10 Td (through ) Tj ET Q q 0 0 0 rg BT 154.92 119.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 213.79 119.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 239.09 119.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 257.61 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 260.40 119.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 302.06 119.10 Td (is ) Tj ET Q q 0 0 0 rg BT 311.52 119.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 350.41 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.42 119.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 396.54 119.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.66 119.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.43 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 433.22 119.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 468.79 119.10 Td (market ) Tj ET Q q 0 0 0 rg BT 499.35 119.10 Td (conduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 107.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 136.89 107.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.80 107.10 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 185.37 107.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.72 107.10 Td (various ) Tj ET Q q 0 0 0 rg BT 227.73 107.10 Td (states. ) Tj ET Q q 0 0 0 rg BT 254.83 107.10 Td (While ) Tj ET Q q 0 0 0 rg BT 281.84 107.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 300.36 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.93 107.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 344.37 107.10 Td (does ) Tj ET Q q 0 0 0 rg BT 365.28 107.10 Td (not ) Tj ET Q q 0 0 0 rg BT 380.63 107.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 412.07 107.10 Td (that ) Tj ET Q q 0 0 0 rg BT 429.64 107.10 Td (any ) Tj ET Q q 0 0 0 rg BT 446.65 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.56 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.35 107.10 Td (current ) Tj ET Q q 0 0 0 rg BT 503.24 107.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 95.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 116.14 95.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 172.95 95.10 Td (it ) Tj ET Q q 0 0 0 rg BT 181.99 95.10 Td (is ) Tj ET Q q 0 0 0 rg BT 192.14 95.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 223.95 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.22 95.10 Td (will ) Tj ET Q q 0 0 0 rg BT 254.26 95.10 Td (result ) Tj ET Q q 0 0 0 rg BT 279.96 95.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.23 95.10 Td (any ) Tj ET Q q 0 0 0 rg BT 309.15 95.10 Td (fines ) Tj ET Q q 0 0 0 rg BT 332.07 95.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.89 95.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 395.13 95.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 423.61 95.10 Td (that ) Tj ET Q q 0 0 0 rg BT 442.09 95.10 Td (will ) Tj ET Q q 0 0 0 rg BT 461.13 95.10 Td (be ) Tj ET Q q 0 0 0 rg BT 474.05 95.10 Td (material ) Tj ET Q q 0 0 0 rg BT 510.30 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.56 95.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 83.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 120.62 83.10 Td (market ) Tj ET Q q 0 0 0 rg BT 151.62 83.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 186.50 83.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 243.06 83.10 Td (can ) Tj ET Q q 0 0 0 rg BT 260.17 83.10 Td (result ) Tj ET Q q 0 0 0 rg BT 285.61 83.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.62 83.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 337.62 83.10 Td (fines ) Tj ET Q q 0 0 0 rg BT 360.29 83.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.85 83.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 422.84 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.51 83.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 480.94 83.10 Td (require ) Tj ET Q q 0 0 0 rg BT 512.49 83.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.01 83.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 71.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 121.16 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.23 71.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 158.18 71.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 201.69 71.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 240.74 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.81 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.32 71.10 Td (management ) Tj ET Q q 0 0 0 rg BT 315.71 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.33 71.10 Td (such ) Tj ET Q q 0 0 0 rg BT 344.96 71.10 Td (examinations. ) Tj ET Q q 0 0 0 rg BT 401.78 71.10 Td (As ) Tj ET Q q 0 0 0 rg BT 414.19 71.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.92 71.10 Td (result ) Tj ET Q q 0 0 0 rg BT 443.43 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.06 71.10 Td (its ) Tj ET Q q 0 0 0 rg BT 463.80 71.10 Td (re-domestication ) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.97 735.60 Td (Iowa, ) Tj ET Q q 0 0 0 rg BT 117.66 735.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 136.18 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 139.37 735.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 181.43 735.60 Td (became ) Tj ET Q q 0 0 0 rg BT 215.16 735.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 246.67 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 257.65 735.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 295.82 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.45 735.60 Td (market ) Tj ET Q q 0 0 0 rg BT 344.41 735.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 379.26 735.60 Td (examinations ) Tj ET Q q 0 0 0 rg BT 435.77 735.60 Td (by ) Tj ET Q q 0 0 0 rg BT 448.96 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 464.37 735.60 Td (IID, ) Tj ET Q q 0 0 0 rg BT 483.95 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.36 735.60 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 124.59 723.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 163.20 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 177.36 723.60 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 199.85 723.60 Td (domestic ) Tj ET Q q 0 0 0 rg BT 238.45 723.60 Td (life ) Tj ET Q q 0 0 0 rg BT 254.28 723.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 295.09 723.60 Td (companies. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.00 700.10 Td (NAIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 685.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 144.82 685.60 Td (our ) Tj ET Q q 0 0 0 rg BT 160.19 685.60 Td (business ) Tj ET Q q 0 0 0 rg BT 196.12 685.60 Td (is ) Tj ET Q q 0 0 0 rg BT 204.83 685.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 235.20 685.60 Td (to ) Tj ET Q q 0 0 0 rg BT 245.02 685.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 287.60 685.60 Td (in ) Tj ET Q q 0 0 0 rg BT 297.42 685.60 Td (each ) Tj ET Q q 0 0 0 rg BT 317.78 685.60 Td (state ) Tj ET Q q 0 0 0 rg BT 338.14 685.60 Td (in ) Tj ET Q q 0 0 0 rg BT 347.96 685.60 Td (which ) Tj ET Q q 0 0 0 rg BT 374.44 685.60 Td (we ) Tj ET Q q 0 0 0 rg BT 388.14 685.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 421.84 685.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 460.27 685.60 Td (in ) Tj ET Q q 0 0 0 rg BT 470.09 685.60 Td (many ) Tj ET Q q 0 0 0 rg BT 494.35 685.60 Td (instances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 673.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.02 673.60 Td (state ) Tj ET Q q 0 0 0 rg BT 115.16 673.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 158.06 673.60 Td (models ) Tj ET Q q 0 0 0 rg BT 188.75 673.60 Td (emanate ) Tj ET Q q 0 0 0 rg BT 223.87 673.60 Td (from ) Tj ET Q q 0 0 0 rg BT 245.12 673.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.15 673.60 Td (NAIC. ) Tj ET Q q 0 0 0 rg BT 287.90 673.60 Td (State ) Tj ET Q q 0 0 0 rg BT 309.70 673.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 349.82 673.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 391.62 673.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.86 673.60 Td (the ) Tj ET Q q 0 0 0 rg BT 421.89 673.60 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 448.14 673.60 Td (regularly ) Tj ET Q q 0 0 0 rg BT 486.04 673.60 Td (re-examine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 661.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 115.73 661.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 137.12 661.60 Td (and ) Tj ET Q q 0 0 0 rg BT 154.63 661.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 202.12 661.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 246.28 661.60 Td (to ) Tj ET Q q 0 0 0 rg BT 257.12 661.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 298.50 661.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 344.33 661.60 Td (and ) Tj ET Q q 0 0 0 rg BT 361.83 661.60 Td (their ) Tj ET Q q 0 0 0 rg BT 383.22 661.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 423.22 661.60 Td (Changes ) Tj ET Q q 0 0 0 rg BT 460.72 661.60 Td (in ) Tj ET Q q 0 0 0 rg BT 471.56 661.60 Td (these ) Tj ET Q q 0 0 0 rg BT 495.17 661.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 516.57 661.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 649.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 130.94 649.60 Td (or ) Tj ET Q q 0 0 0 rg BT 142.27 649.60 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 203.04 649.60 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 236.86 649.60 Td (are ) Tj ET Q q 0 0 0 rg BT 252.07 649.60 Td (often ) Tj ET Q q 0 0 0 rg BT 275.62 649.60 Td (made ) Tj ET Q q 0 0 0 rg BT 300.28 649.60 Td (for ) Tj ET Q q 0 0 0 rg BT 314.94 649.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.16 649.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 360.93 649.60 Td (of ) Tj ET Q q 0 0 0 rg BT 372.27 649.60 Td (the ) Tj ET Q q 0 0 0 rg BT 387.49 649.60 Td (consumer ) Tj ET Q q 0 0 0 rg BT 429.37 649.60 Td (and ) Tj ET Q q 0 0 0 rg BT 446.81 649.60 Td (at ) Tj ET Q q 0 0 0 rg BT 457.03 649.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.25 649.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 507.47 649.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 649.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 637.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 111.04 637.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 130.24 637.60 Td (thus, ) Tj ET Q q 0 0 0 rg BT 151.68 637.60 Td (could ) Tj ET Q q 0 0 0 rg BT 176.16 637.60 Td (have ) Tj ET Q q 0 0 0 rg BT 197.31 637.60 Td (a ) Tj ET Q q 0 0 0 rg BT 204.01 637.60 Td (material ) Tj ET Q q 0 0 0 rg BT 239.04 637.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 271.84 637.60 Td (ef) Tj ET Q q 0 0 0 rg BT 279.43 637.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 296.68 637.60 Td (on ) Tj ET Q q 0 0 0 rg BT 308.95 637.60 Td (our ) Tj ET Q q 0 0 0 rg BT 324.55 637.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 363.21 637.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 407.13 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 423.83 637.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.08 637.60 Td (condition. ) Tj ET Q q 0 0 0 rg BT 503.46 637.60 Td (W) Tj ET Q q 0 0 0 rg BT 512.09 637.60 Td (e ) Tj ET Q q 0 0 0 rg BT 518.80 637.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 625.60 Td (also ) Tj ET Q q 0 0 0 rg BT 99.32 625.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 129.85 625.60 Td (to ) Tj ET Q q 0 0 0 rg BT 139.84 625.60 Td (the ) Tj ET Q q 0 0 0 rg BT 154.27 625.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 171.48 625.60 Td (that ) Tj ET Q q 0 0 0 rg BT 188.68 625.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 236.98 625.60 Td (with ) Tj ET Q q 0 0 0 rg BT 256.97 625.60 Td (any ) Tj ET Q q 0 0 0 rg BT 273.61 625.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 314.13 625.60 Td (regulator) Tj ET Q q 0 0 0 rg BT 350.60 625.60 Td () Tj ET Q q 0 0 0 rg BT 353.38 625.60 Td (s ) Tj ET Q q 0 0 0 rg BT 359.48 625.60 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 415.56 625.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.10 625.60 Td (a ) Tj ET Q q 0 0 0 rg BT 432.74 625.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 454.39 625.60 Td (or ) Tj ET Q q 0 0 0 rg BT 464.93 625.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 511.01 625.60 Td (issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 613.60 Td (may ) Tj ET Q q 0 0 0 rg BT 99.67 613.60 Td (not ) Tj ET Q q 0 0 0 rg BT 113.89 613.60 Td (result ) Tj ET Q q 0 0 0 rg BT 137.56 613.60 Td (in ) Tj ET Q q 0 0 0 rg BT 146.79 613.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 194.33 613.60 Td (with ) Tj ET Q q 0 0 0 rg BT 213.55 613.60 Td (another ) Tj ET Q q 0 0 0 rg BT 244.99 613.60 Td (regulator) Tj ET Q q 0 0 0 rg BT 281.45 613.60 Td () Tj ET Q q 0 0 0 rg BT 284.23 613.60 Td (s ) Tj ET Q q 0 0 0 rg BT 289.57 613.60 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 344.89 613.60 Td (of ) Tj ET Q q 0 0 0 rg BT 354.67 613.60 Td (the ) Tj ET Q q 0 0 0 rg BT 368.33 613.60 Td (same ) Tj ET Q q 0 0 0 rg BT 390.33 613.60 Td (issue, ) Tj ET Q q 0 0 0 rg BT 414.28 613.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 461.82 613.60 Td (when ) Tj ET Q q 0 0 0 rg BT 484.93 613.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 601.60 Td (is ) Tj ET Q q 0 0 0 rg BT 90.60 601.60 Td (judged ) Tj ET Q q 0 0 0 rg BT 120.75 601.60 Td (in ) Tj ET Q q 0 0 0 rg BT 131.46 601.60 Td (hindsight. ) Tj ET Q q 0 0 0 rg BT 174.12 601.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 202.04 601.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 243.28 601.60 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 281.20 601.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 302.46 601.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 323.72 601.60 Td (in ) Tj ET Q q 0 0 0 rg BT 334.43 601.60 Td (most ) Tj ET Q q 0 0 0 rg BT 356.81 601.60 Td (states, ) Tj ET Q q 0 0 0 rg BT 384.46 601.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 425.71 601.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 471.40 601.60 Td (doing ) Tj ET Q q 0 0 0 rg BT 497.11 601.60 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 589.60 Td (therein ) Tj ET Q q 0 0 0 rg BT 110.76 589.60 Td (can ) Tj ET Q q 0 0 0 rg BT 126.63 589.60 Td (be ) Tj ET Q q 0 0 0 rg BT 138.06 589.60 Td (assessed ) Tj ET Q q 0 0 0 rg BT 173.94 589.60 Td (up ) Tj ET Q q 0 0 0 rg BT 185.93 589.60 Td (to ) Tj ET Q q 0 0 0 rg BT 195.71 589.60 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 239.35 589.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 264.13 589.60 Td (for ) Tj ET Q q 0 0 0 rg BT 277.78 589.60 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 330.32 589.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 356.20 589.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 391.51 589.60 Td (by ) Tj ET Q q 0 0 0 rg BT 403.51 589.60 Td (insolvent ) Tj ET Q q 0 0 0 rg BT 442.17 589.60 Td (companies. ) Tj ET Q q 0 0 0 rg BT 489.28 589.60 Td (W) Tj ET Q q 0 0 0 rg BT 497.92 589.60 Td (e ) Tj ET Q q 0 0 0 rg BT 504.35 589.60 Td (cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 577.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 110.13 577.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.71 577.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 155.07 577.60 Td (or ) Tj ET Q q 0 0 0 rg BT 164.77 577.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 192.25 577.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.95 577.60 Td (any ) Tj ET Q q 0 0 0 rg BT 217.75 577.60 Td (such ) Tj ET Q q 0 0 0 rg BT 237.45 577.60 Td (future ) Tj ET Q q 0 0 0 rg BT 262.69 577.60 Td (assessments. ) Tj ET Q q 0 0 0 rg BT 314.79 577.60 Td (There ) Tj ET Q q 0 0 0 rg BT 339.47 577.60 Td (is ) Tj ET Q q 0 0 0 rg BT 347.51 577.60 Td (an ) Tj ET Q q 0 0 0 rg BT 358.31 577.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 399.67 577.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 416.03 577.60 Td (that ) Tj ET Q q 0 0 0 rg BT 432.39 577.60 Td (any ) Tj ET Q q 0 0 0 rg BT 448.20 577.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 487.88 577.60 Td (regulator) Tj ET Q q 0 0 0 rg BT 524.34 577.60 Td () Tj ET Q q 0 0 0 rg BT 527.12 577.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 565.60 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 137.26 565.60 Td (of ) Tj ET Q q 0 0 0 rg BT 147.98 565.60 Td (a ) Tj ET Q q 0 0 0 rg BT 154.81 565.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 176.64 565.60 Td (or ) Tj ET Q q 0 0 0 rg BT 187.36 565.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 233.62 565.60 Td (issue ) Tj ET Q q 0 0 0 rg BT 256.01 565.60 Td (may ) Tj ET Q q 0 0 0 rg BT 275.62 565.60 Td (change ) Tj ET Q q 0 0 0 rg BT 306.33 565.60 Td (over ) Tj ET Q q 0 0 0 rg BT 326.49 565.60 Td (time ) Tj ET Q q 0 0 0 rg BT 346.65 565.60 Td (to ) Tj ET Q q 0 0 0 rg BT 356.82 565.60 Td (our ) Tj ET Q q 0 0 0 rg BT 372.54 565.60 Td (detriment, ) Tj ET Q q 0 0 0 rg BT 415.76 565.60 Td (or ) Tj ET Q q 0 0 0 rg BT 426.48 565.60 Td (that ) Tj ET Q q 0 0 0 rg BT 443.87 565.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 478.46 565.60 Td (to ) Tj ET Q q 0 0 0 rg BT 488.63 565.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.24 565.60 Td (overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 553.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 103.08 553.60 Td (or ) Tj ET Q q 0 0 0 rg BT 114.06 553.60 Td (market ) Tj ET Q q 0 0 0 rg BT 144.47 553.60 Td (environment, ) Tj ET Q q 0 0 0 rg BT 200.17 553.60 Td (even ) Tj ET Q q 0 0 0 rg BT 221.69 553.60 Td (absent ) Tj ET Q q 0 0 0 rg BT 249.89 553.60 Td (any ) Tj ET Q q 0 0 0 rg BT 266.97 553.60 Td (change ) Tj ET Q q 0 0 0 rg BT 297.94 553.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.92 553.60 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 365.43 553.60 Td (by ) Tj ET Q q 0 0 0 rg BT 378.08 553.60 Td (a ) Tj ET Q q 0 0 0 rg BT 385.17 553.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 426.13 553.60 Td (regulator) Tj ET Q q 0 0 0 rg BT 461.82 553.60 Td (, ) Tj ET Q q 0 0 0 rg BT 466.97 553.60 Td (may ) Tj ET Q q 0 0 0 rg BT 486.84 553.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 511.69 553.60 Td (us ) Tj ET Q q 0 0 0 rg BT 523.23 553.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 541.60 Td (change ) Tj ET Q q 0 0 0 rg BT 112.09 541.60 Td (our ) Tj ET Q q 0 0 0 rg BT 128.19 541.60 Td (views ) Tj ET Q q 0 0 0 rg BT 154.29 541.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 195.38 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.36 541.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 241.46 541.60 Td (we ) Tj ET Q q 0 0 0 rg BT 255.89 541.60 Td (need ) Tj ET Q q 0 0 0 rg BT 277.54 541.60 Td (to ) Tj ET Q q 0 0 0 rg BT 288.09 541.60 Td (take ) Tj ET Q q 0 0 0 rg BT 307.51 541.60 Td (from ) Tj ET Q q 0 0 0 rg BT 329.72 541.60 Td (a ) Tj ET Q q 0 0 0 rg BT 336.93 541.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 359.14 541.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 376.91 541.60 Td (management ) Tj ET Q q 0 0 0 rg BT 430.77 541.60 Td (perspective, ) Tj ET Q q 0 0 0 rg BT 481.57 541.60 Td (which ) Tj ET Q q 0 0 0 rg BT 508.78 541.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 529.60 Td (necessitate ) Tj ET Q q 0 0 0 rg BT 126.81 529.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 161.52 529.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.80 529.60 Td (our ) Tj ET Q q 0 0 0 rg BT 187.63 529.60 Td (practices ) Tj ET Q q 0 0 0 rg BT 225.66 529.60 Td (that ) Tj ET Q q 0 0 0 rg BT 243.15 529.60 Td (may) Tj ET Q q 0 0 0 rg BT 259.72 529.60 Td (, ) Tj ET Q q 0 0 0 rg BT 264.72 529.60 Td (in ) Tj ET Q q 0 0 0 rg BT 275.00 529.60 Td (some ) Tj ET Q q 0 0 0 rg BT 298.61 529.60 Td (cases, ) Tj ET Q q 0 0 0 rg BT 324.71 529.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 346.10 529.60 Td (our ) Tj ET Q q 0 0 0 rg BT 361.93 529.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 389.98 529.60 Td (to ) Tj ET Q q 0 0 0 rg BT 400.26 529.60 Td (grow ) Tj ET Q q 0 0 0 rg BT 423.31 529.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.25 529.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 476.07 529.60 Td (profitability) Tj ET Q q 0 0 0 rg BT 523.19 529.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 508.60 Td (Some ) Tj ET Q q 0 0 0 rg BT 130.20 508.60 Td (of ) Tj ET Q q 0 0 0 rg BT 140.96 508.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.60 508.60 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 182.47 508.60 Td (pronouncements, ) Tj ET Q q 0 0 0 rg BT 253.48 508.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 302.00 508.60 Td (as ) Tj ET Q q 0 0 0 rg BT 312.75 508.60 Td (they ) Tj ET Q q 0 0 0 rg BT 332.39 508.60 Td (af) Tj ET Q q 0 0 0 rg BT 339.98 508.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 357.39 508.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 403.69 508.60 Td (issues, ) Tj ET Q q 0 0 0 rg BT 432.50 508.60 Td (take ) Tj ET Q q 0 0 0 rg BT 451.58 508.60 Td (ef) Tj ET Q q 0 0 0 rg BT 459.17 508.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 476.58 508.60 Td (automatically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 496.60 Td (in ) Tj ET Q q 0 0 0 rg BT 90.36 496.60 Td (the ) Tj ET Q q 0 0 0 rg BT 104.16 496.60 Td (various ) Tj ET Q q 0 0 0 rg BT 135.18 496.60 Td (states ) Tj ET Q q 0 0 0 rg BT 158.98 496.60 Td (without ) Tj ET Q q 0 0 0 rg BT 191.12 496.60 Td (af) Tj ET Q q 0 0 0 rg BT 198.71 496.60 Td (firmative ) Tj ET Q q 0 0 0 rg BT 236.94 496.60 Td (action ) Tj ET Q q 0 0 0 rg BT 262.95 496.60 Td (by ) Tj ET Q q 0 0 0 rg BT 274.54 496.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.33 496.60 Td (states. ) Tj ET Q q 0 0 0 rg BT 314.63 496.60 Td (Statutes, ) Tj ET Q q 0 0 0 rg BT 350.38 496.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 396.40 496.60 Td (and ) Tj ET Q q 0 0 0 rg BT 412.42 496.60 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 471.76 496.60 Td (may ) Tj ET Q q 0 0 0 rg BT 490.56 496.60 Td (be ) Tj ET Q q 0 0 0 rg BT 501.58 496.60 Td (applied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 484.60 Td (with ) Tj ET Q q 0 0 0 rg BT 100.67 484.60 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 145.30 484.60 Td (impact, ) Tj ET Q q 0 0 0 rg BT 176.90 484.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 224.88 484.60 Td (in ) Tj ET Q q 0 0 0 rg BT 234.54 484.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 256.97 484.60 Td (such ) Tj ET Q q 0 0 0 rg BT 277.18 484.60 Td (as ) Tj ET Q q 0 0 0 rg BT 287.40 484.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 333.16 484.60 Td (and ) Tj ET Q q 0 0 0 rg BT 349.49 484.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 380.24 484.60 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 436.41 484.60 Td (Also, ) Tj ET Q q 0 0 0 rg BT 459.69 484.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 502.67 484.60 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 472.60 Td (with ) Tj ET Q q 0 0 0 rg BT 100.89 472.60 Td (prospective ) Tj ET Q q 0 0 0 rg BT 149.10 472.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 178.42 472.60 Td (can ) Tj ET Q q 0 0 0 rg BT 194.41 472.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 239.29 472.60 Td (have ) Tj ET Q q 0 0 0 rg BT 260.28 472.60 Td (a ) Tj ET Q q 0 0 0 rg BT 266.83 472.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 311.15 472.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 340.48 472.60 Td (on ) Tj ET Q q 0 0 0 rg BT 352.59 472.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 390.79 472.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 409.57 472.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 448.47 472.60 Td (The ) Tj ET Q q 0 0 0 rg BT 466.13 472.60 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 492.69 472.60 Td (continues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 460.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.99 460.60 Td (work ) Tj ET Q q 0 0 0 rg BT 115.76 460.60 Td (to ) Tj ET Q q 0 0 0 rg BT 126.75 460.60 Td (reform ) Tj ET Q q 0 0 0 rg BT 157.17 460.60 Td (state ) Tj ET Q q 0 0 0 rg BT 178.71 460.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 222.47 460.60 Td (in ) Tj ET Q q 0 0 0 rg BT 233.46 460.60 Td (various ) Tj ET Q q 0 0 0 rg BT 266.11 460.60 Td (areas, ) Tj ET Q q 0 0 0 rg BT 292.37 460.60 Td (including ) Tj ET Q q 0 0 0 rg BT 333.35 460.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 397.10 460.60 Td (reforms ) Tj ET Q q 0 0 0 rg BT 431.41 460.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 465.17 460.60 Td (to ) Tj ET Q q 0 0 0 rg BT 476.16 460.60 Td (life ) Tj ET Q q 0 0 0 rg BT 492.70 460.60 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 448.60 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 119.42 448.60 Td (On ) Tj ET Q q 0 0 0 rg BT 134.81 448.60 Td (June ) Tj ET Q q 0 0 0 rg BT 156.31 448.60 Td (10, ) Tj ET Q q 0 0 0 rg BT 171.97 448.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 197.64 448.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.02 448.60 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 240.63 448.60 Td (formally ) Tj ET Q q 0 0 0 rg BT 278.23 448.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 318.60 448.60 Td (principle-based ) Tj ET Q q 0 0 0 rg BT 383.41 448.60 Td (reserving ) Tj ET Q q 0 0 0 rg BT 423.78 448.60 Td (for ) Tj ET Q q 0 0 0 rg BT 438.61 448.60 Td (life ) Tj ET Q q 0 0 0 rg BT 455.10 448.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 496.58 448.60 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 436.60 Td (with ) Tj ET Q q 0 0 0 rg BT 102.38 436.60 Td (secondary ) Tj ET Q q 0 0 0 rg BT 146.51 436.60 Td (guarantees, ) Tj ET Q q 0 0 0 rg BT 195.36 436.60 Td (with ) Tj ET Q q 0 0 0 rg BT 216.74 436.60 Td (an ) Tj ET Q q 0 0 0 rg BT 229.77 436.60 Td (ef) Tj ET Q q 0 0 0 rg BT 237.36 436.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 268.16 436.60 Td (date ) Tj ET Q q 0 0 0 rg BT 288.42 436.60 Td (January ) Tj ET Q q 0 0 0 rg BT 323.11 436.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 334.21 436.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 359.51 436.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 409.41 436.60 Td (, ) Tj ET Q q 0 0 0 rg BT 415.51 436.60 Td (various ) Tj ET Q q 0 0 0 rg BT 448.55 436.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 487.14 436.60 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 424.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 119.59 424.60 Td (is ) Tj ET Q q 0 0 0 rg BT 128.76 424.60 Td (being ) Tj ET Q q 0 0 0 rg BT 153.48 424.60 Td (evaluated, ) Tj ET Q q 0 0 0 rg BT 196.79 424.60 Td (including ) Tj ET Q q 0 0 0 rg BT 237.06 424.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 283.45 424.60 Td (value ) Tj ET Q q 0 0 0 rg BT 307.60 424.60 Td (of ) Tj ET Q q 0 0 0 rg BT 318.43 424.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 359.25 424.60 Td (subsidiaries.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 103.50 400.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 137.66 400.60 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 381.60 Td (In ) Tj ET Q q 0 0 0 rg BT 112.95 381.60 Td (April ) Tj ET Q q 0 0 0 rg BT 135.49 381.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 159.43 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.08 381.60 Td (Department ) Tj ET Q q 0 0 0 rg BT 221.72 381.60 Td (of ) Tj ET Q q 0 0 0 rg BT 231.48 381.60 Td (Labor ) Tj ET Q q 0 0 0 rg BT 256.80 381.60 Td (\(DOL\) ) Tj ET Q q 0 0 0 rg BT 294.32 381.60 Td (released ) Tj ET Q q 0 0 0 rg BT 328.51 381.60 Td (its ) Tj ET Q q 0 0 0 rg BT 339.39 381.60 Td (final ) Tj ET Q q 0 0 0 rg BT 359.15 381.60 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 405.56 381.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 422.54 381.60 Td (which ) Tj ET Q q 0 0 0 rg BT 448.42 381.60 Td (could ) Tj ET Q q 0 0 0 rg BT 472.07 381.60 Td (have ) Tj ET Q q 0 0 0 rg BT 492.38 381.60 Td (a ) Tj ET Q q 0 0 0 rg BT 498.26 381.60 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 369.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.55 369.60 Td (on ) Tj ET Q q 0 0 0 rg BT 122.89 369.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.45 369.60 Td (Company) Tj ET Q q 0 0 0 rg BT 175.69 369.60 Td (, ) Tj ET Q q 0 0 0 rg BT 180.53 369.60 Td (its ) Tj ET Q q 0 0 0 rg BT 192.32 369.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 231.59 369.60 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 282.55 369.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.33 369.60 Td (business ) Tj ET Q q 0 0 0 rg BT 335.56 369.60 Td (model. ) Tj ET Q q 0 0 0 rg BT 365.39 369.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.57 369.60 Td (The ) Tj ET Q q 0 0 0 rg BT 385.45 369.60 Td (final ) Tj ET Q q 0 0 0 rg BT 406.12 369.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 424.01 369.60 Td (treats ) Tj ET Q q 0 0 0 rg BT 448.00 369.60 Td (persons ) Tj ET Q q 0 0 0 rg BT 480.89 369.60 Td (who ) Tj ET Q q 0 0 0 rg BT 500.46 369.60 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 357.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.40 357.60 Td (advice ) Tj ET Q q 0 0 0 rg BT 154.02 357.60 Td (for ) Tj ET Q q 0 0 0 rg BT 167.20 357.60 Td (a ) Tj ET Q q 0 0 0 rg BT 173.16 357.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 186.89 357.60 Td (or ) Tj ET Q q 0 0 0 rg BT 196.74 357.60 Td (other ) Tj ET Q q 0 0 0 rg BT 218.81 357.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 275.87 357.60 Td (with ) Tj ET Q q 0 0 0 rg BT 295.17 357.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 325.00 357.60 Td (to ) Tj ET Q q 0 0 0 rg BT 334.30 357.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 359.15 357.60 Td (of ) Tj ET Q q 0 0 0 rg BT 369.01 357.60 Td (an ) Tj ET Q q 0 0 0 rg BT 379.96 357.60 Td (employer ) Tj ET Q q 0 0 0 rg BT 419.25 357.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 437.99 357.60 Td (or ) Tj ET Q q 0 0 0 rg BT 447.84 357.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 489.91 357.60 Td (retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 345.60 Td (account ) Tj ET Q q 0 0 0 rg BT 114.89 345.60 Td (\("IRA"\) ) Tj ET Q q 0 0 0 rg BT 149.74 345.60 Td (as ) Tj ET Q q 0 0 0 rg BT 160.87 345.60 Td (fiduciaries ) Tj ET Q q 0 0 0 rg BT 205.87 345.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.00 345.60 Td (that ) Tj ET Q q 0 0 0 rg BT 234.80 345.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 254.82 345.60 Td (or ) Tj ET Q q 0 0 0 rg BT 265.95 345.60 Td (IRA. ) Tj ET Q q 0 0 0 rg BT 288.47 345.60 Td ( ) Tj ET Q q 0 0 0 rg BT 291.27 345.60 Td (Significantly) Tj ET Q q 0 0 0 rg BT 342.28 345.60 Td (, ) Tj ET Q q 0 0 0 rg BT 347.58 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.60 345.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 380.94 345.60 Td (expands ) Tj ET Q q 0 0 0 rg BT 416.51 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.53 345.60 Td (definition ) Tj ET Q q 0 0 0 rg BT 473.21 345.60 Td (of ) Tj ET Q q 0 0 0 rg BT 484.34 345.60 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 523.24 345.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 333.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 105.68 333.60 Td (to ) Tj ET Q q 0 0 0 rg BT 115.93 333.60 Td (persons, ) Tj ET Q q 0 0 0 rg BT 151.44 333.60 Td (including ) Tj ET Q q 0 0 0 rg BT 191.68 333.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 232.46 333.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 262.98 333.60 Td (who ) Tj ET Q q 0 0 0 rg BT 282.67 333.60 Td (advise ) Tj ET Q q 0 0 0 rg BT 310.68 333.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.58 333.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 343.93 333.60 Td (products ) Tj ET Q q 0 0 0 rg BT 380.84 333.60 Td (to ) Tj ET Q q 0 0 0 rg BT 391.08 333.60 Td (IRA) Tj ET Q q 0 0 0 rg BT 407.75 333.60 Td ( ) Tj ET Q q 0 0 0 rg BT 410.22 333.60 Td (owners. ) Tj ET Q q 0 0 0 rg BT 444.07 333.60 Td ( ) Tj ET Q q 0 0 0 rg BT 445.99 333.60 Td (As ) Tj ET Q q 0 0 0 rg BT 459.57 333.60 Td (a ) Tj ET Q q 0 0 0 rg BT 466.47 333.60 Td (practical ) Tj ET Q q 0 0 0 rg BT 503.36 333.60 Td (matter) Tj ET Q q 0 0 0 rg BT 528.50 333.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 321.60 Td (this ) Tj ET Q q 0 0 0 rg BT 98.87 321.60 Td (means ) Tj ET Q q 0 0 0 rg BT 127.83 321.60 Td (commissioned ) Tj ET Q q 0 0 0 rg BT 189.02 321.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 230.76 321.60 Td (agents ) Tj ET Q q 0 0 0 rg BT 259.72 321.60 Td (selling ) Tj ET Q q 0 0 0 rg BT 289.80 321.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.44 321.60 Td (Company) Tj ET Q q 0 0 0 rg BT 347.10 321.60 Td (s ) Tj ET Q q 0 0 0 rg BT 354.41 321.60 Td (IRA) Tj ET Q q 0 0 0 rg BT 371.08 321.60 Td ( ) Tj ET Q q 0 0 0 rg BT 374.50 321.60 Td (products ) Tj ET Q q 0 0 0 rg BT 412.36 321.60 Td (must ) Tj ET Q q 0 0 0 rg BT 435.22 321.60 Td (qualify ) Tj ET Q q 0 0 0 rg BT 466.97 321.60 Td (for ) Tj ET Q q 0 0 0 rg BT 482.04 321.60 Td (a ) Tj ET Q q 0 0 0 rg BT 489.90 321.60 Td (prohibited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 309.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 127.18 309.60 Td (exemption ) Tj ET Q q 0 0 0 rg BT 171.70 309.60 Td (which ) Tj ET Q q 0 0 0 rg BT 198.45 309.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 232.97 309.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.49 309.60 Td (agent ) Tj ET Q q 0 0 0 rg BT 271.46 309.60 Td (and ) Tj ET Q q 0 0 0 rg BT 288.21 309.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.50 309.60 Td (institution ) Tj ET Q q 0 0 0 rg BT 368.37 309.60 Td (to ) Tj ET Q q 0 0 0 rg BT 378.46 309.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 400.20 309.60 Td (various ) Tj ET Q q 0 0 0 rg BT 431.95 309.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 475.92 309.60 Td (including ) Tj ET Q q 0 0 0 rg BT 516.00 309.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 297.60 Td (an ) Tj ET Q q 0 0 0 rg BT 92.93 297.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 125.41 297.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 143.44 297.60 Td (be ) Tj ET Q q 0 0 0 rg BT 155.37 297.60 Td (in ) Tj ET Q q 0 0 0 rg BT 165.63 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.33 297.60 Td ("best ) Tj ET Q q 0 0 0 rg BT 203.01 297.60 Td (interest" ) Tj ET Q q 0 0 0 rg BT 239.01 297.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.83 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 264.54 297.60 Td (client ) Tj ET Q q 0 0 0 rg BT 289.23 297.60 Td (without ) Tj ET Q q 0 0 0 rg BT 322.28 297.60 Td (regard ) Tj ET Q q 0 0 0 rg BT 350.30 297.60 Td (for ) Tj ET Q q 0 0 0 rg BT 364.45 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 379.15 297.60 Td (agent) Tj ET Q q 0 0 0 rg BT 403.59 297.60 Td (s, ) Tj ET Q q 0 0 0 rg BT 412.46 297.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 449.93 297.60 Td (institution) Tj ET Q q 0 0 0 rg BT 493.27 297.60 Td (s ) Tj ET Q q 0 0 0 rg BT 499.65 297.60 Td (or ) Tj ET Q q 0 0 0 rg BT 510.47 297.60 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 285.60 Td (party) Tj ET Q q 0 0 0 rg BT 104.33 285.60 Td (s ) Tj ET Q q 0 0 0 rg BT 112.30 285.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 151.37 285.60 Td (or ) Tj ET Q q 0 0 0 rg BT 163.79 285.60 Td (other ) Tj ET Q q 0 0 0 rg BT 188.42 285.60 Td (interests, ) Tj ET Q q 0 0 0 rg BT 228.34 285.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.86 285.60 Td (that ) Tj ET Q q 0 0 0 rg BT 265.94 285.60 Td (any ) Tj ET Q q 0 0 0 rg BT 284.47 285.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 344.10 285.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 365.40 285.60 Td (to ) Tj ET Q q 0 0 0 rg BT 377.27 285.60 Td (the ) Tj ET Q q 0 0 0 rg BT 393.57 285.60 Td (agent ) Tj ET Q q 0 0 0 rg BT 419.32 285.60 Td (and ) Tj ET Q q 0 0 0 rg BT 437.84 285.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 476.91 285.60 Td (institution ) Tj ET Q q 0 0 0 rg BT 521.56 285.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.60 Td (reasonable. ) Tj ET Q q 0 0 0 rg BT 128.84 273.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.23 273.60 Td (The ) Tj ET Q q 0 0 0 rg BT 149.36 273.60 Td (final ) Tj ET Q q 0 0 0 rg BT 170.27 273.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 188.40 273.60 Td (is ) Tj ET Q q 0 0 0 rg BT 197.65 273.60 Td (ef) Tj ET Q q 0 0 0 rg BT 205.24 273.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 235.03 273.60 Td (June ) Tj ET Q q 0 0 0 rg BT 255.94 273.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 278.52 273.60 Td (and ) Tj ET Q q 0 0 0 rg BT 295.54 273.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 335.33 273.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 379.00 273.60 Td (in ) Tj ET Q q 0 0 0 rg BT 388.79 273.60 Td (April ) Tj ET Q q 0 0 0 rg BT 412.48 273.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 437.57 273.60 Td ( ) Tj ET Q q 0 0 0 rg BT 439.96 273.60 Td (The ) Tj ET Q q 0 0 0 rg BT 458.09 273.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 476.22 273.60 Td (has ) Tj ET Q q 0 0 0 rg BT 492.14 273.60 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.60 Td (considerable ) Tj ET Q q 0 0 0 rg BT 135.11 261.60 Td (controversy ) Tj ET Q q 0 0 0 rg BT 185.89 261.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.90 261.60 Td (is ) Tj ET Q q 0 0 0 rg BT 214.14 261.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.94 261.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 261.83 261.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.74 261.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 310.09 261.60 Td (ef) Tj ET Q q 0 0 0 rg BT 317.68 261.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 339.58 261.60 Td (to ) Tj ET Q q 0 0 0 rg BT 350.94 261.60 Td (block ) Tj ET Q q 0 0 0 rg BT 376.73 261.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 443.07 261.60 Td (both ) Tj ET Q q 0 0 0 rg BT 464.42 261.60 Td (in ) Tj ET Q q 0 0 0 rg BT 475.77 261.60 Td (Congress ) Tj ET Q q 0 0 0 rg BT 516.57 261.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 249.60 Td (through ) Tj ET Q q 0 0 0 rg BT 113.89 249.60 Td (court ) Tj ET Q q 0 0 0 rg BT 136.21 249.60 Td (actions. ) Tj ET Q q 0 0 0 rg BT 168.82 249.60 Td ( ) Tj ET Q q 0 0 0 rg BT 170.47 249.60 Td (The ) Tj ET Q q 0 0 0 rg BT 187.79 249.60 Td (success ) Tj ET Q q 0 0 0 rg BT 219.56 249.60 Td (or ) Tj ET Q q 0 0 0 rg BT 229.67 249.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 257.54 249.60 Td (of ) Tj ET Q q 0 0 0 rg BT 267.65 249.60 Td (these ) Tj ET Q q 0 0 0 rg BT 289.98 249.60 Td (ef) Tj ET Q q 0 0 0 rg BT 297.57 249.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 317.67 249.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 346.11 249.60 Td (be ) Tj ET Q q 0 0 0 rg BT 357.33 249.60 Td (predicted. ) Tj ET Q q 0 0 0 rg BT 398.81 249.60 Td ( ) Tj ET Q q 0 0 0 rg BT 400.19 249.60 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 442.53 249.60 Td (the ) Tj ET Q q 0 0 0 rg BT 456.53 249.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 473.85 249.60 Td (is ) Tj ET Q q 0 0 0 rg BT 482.30 249.60 Td (not ) Tj ET Q q 0 0 0 rg BT 496.86 249.60 Td (blocked, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.96 237.60 Td (precise ) Tj ET Q q 0 0 0 rg BT 127.02 237.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 156.98 237.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.06 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.02 237.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 201.31 237.60 Td (on ) Tj ET Q q 0 0 0 rg BT 214.06 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.02 237.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 266.75 237.60 Td (services ) Tj ET Q q 0 0 0 rg BT 301.70 237.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 337.22 237.60 Td (more ) Tj ET Q q 0 0 0 rg BT 360.51 237.60 Td (generally) Tj ET Q q 0 0 0 rg BT 397.07 237.60 Td (, ) Tj ET Q q 0 0 0 rg BT 402.31 237.60 Td (and ) Tj ET Q q 0 0 0 rg BT 419.50 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.46 237.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 464.42 237.60 Td (on ) Tj ET Q q 0 0 0 rg BT 477.16 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.13 237.60 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 225.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.29 225.60 Td (its ) Tj ET Q q 0 0 0 rg BT 108.58 225.60 Td (business ) Tj ET Q q 0 0 0 rg BT 144.32 225.60 Td (in ) Tj ET Q q 0 0 0 rg BT 153.95 225.60 Td (particular) Tj ET Q q 0 0 0 rg BT 191.86 225.60 Td (, ) Tj ET Q q 0 0 0 rg BT 196.20 225.60 Td (is ) Tj ET Q q 0 0 0 rg BT 204.72 225.60 Td (dif) Tj ET Q q 0 0 0 rg BT 215.65 225.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 238.60 225.60 Td (to ) Tj ET Q q 0 0 0 rg BT 248.22 225.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 274.51 225.60 Td (because ) Tj ET Q q 0 0 0 rg BT 308.01 225.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.07 225.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 339.46 225.60 Td (is ) Tj ET Q q 0 0 0 rg BT 347.98 225.60 Td (new ) Tj ET Q q 0 0 0 rg BT 366.49 225.60 Td (and ) Tj ET Q q 0 0 0 rg BT 382.77 225.60 Td (still ) Tj ET Q q 0 0 0 rg BT 399.63 225.60 Td (being ) Tj ET Q q 0 0 0 rg BT 423.69 225.60 Td (studied. ) Tj ET Q q 0 0 0 rg BT 456.79 225.60 Td (While ) Tj ET Q q 0 0 0 rg BT 483.07 225.60 Td (we ) Tj ET Q q 0 0 0 rg BT 496.58 225.60 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 213.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.47 213.60 Td (analyze ) Tj ET Q q 0 0 0 rg BT 124.70 213.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.61 213.60 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 185.34 213.60 Td (we ) Tj ET Q q 0 0 0 rg BT 199.69 213.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 231.26 213.60 Td (it ) Tj ET Q q 0 0 0 rg BT 239.51 213.60 Td (could ) Tj ET Q q 0 0 0 rg BT 264.42 213.60 Td (have ) Tj ET Q q 0 0 0 rg BT 285.99 213.60 Td (an ) Tj ET Q q 0 0 0 rg BT 298.12 213.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 331.35 213.60 Td (ef) Tj ET Q q 0 0 0 rg BT 338.94 213.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 356.62 213.60 Td (on ) Tj ET Q q 0 0 0 rg BT 369.31 213.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 391.44 213.60 Td (of ) Tj ET Q q 0 0 0 rg BT 402.46 213.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 435.15 213.60 Td (products ) Tj ET Q q 0 0 0 rg BT 472.28 213.60 Td (to ) Tj ET Q q 0 0 0 rg BT 482.75 213.60 Td (IRA) Tj ET Q q 0 0 0 rg BT 499.42 213.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.12 213.60 Td (owners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 201.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 129.70 201.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.09 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 154.92 201.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 206.41 201.60 Td (agent ) Tj ET Q q 0 0 0 rg BT 230.67 201.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 279.40 201.60 Td (channel. ) Tj ET Q q 0 0 0 rg BT 315.03 201.60 Td (A) Tj ET Q q 0 0 0 rg BT 321.70 201.60 Td ( ) Tj ET Q q 0 0 0 rg BT 324.31 201.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 369.13 201.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 400.63 201.60 Td (of ) Tj ET Q q 0 0 0 rg BT 411.58 201.60 Td (our ) Tj ET Q q 0 0 0 rg BT 427.52 201.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 460.13 201.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 482.18 201.60 Td (are ) Tj ET Q q 0 0 0 rg BT 497.00 201.60 Td (to ) Tj ET Q q 0 0 0 rg BT 507.39 201.60 Td (IRAs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 189.60 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 130.85 189.60 Td (with ) Tj ET Q q 0 0 0 rg BT 150.15 189.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.89 189.60 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 206.52 189.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 251.92 189.60 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 299.55 189.60 Td (would ) Tj ET Q q 0 0 0 rg BT 326.08 189.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 350.38 189.60 Td (require ) Tj ET Q q 0 0 0 rg BT 380.22 189.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 421.73 189.60 Td (supervision ) Tj ET Q q 0 0 0 rg BT 469.37 189.60 Td (of ) Tj ET Q q 0 0 0 rg BT 479.22 189.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 508.80 189.60 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 177.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 115.30 177.60 Td (to ) Tj ET Q q 0 0 0 rg BT 125.18 177.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 182.82 177.60 Td (practices ) Tj ET Q q 0 0 0 rg BT 220.44 177.60 Td (and ) Tj ET Q q 0 0 0 rg BT 236.98 177.60 Td (product ) Tj ET Q q 0 0 0 rg BT 269.62 177.60 Td (of) Tj ET Q q 0 0 0 rg BT 277.77 177.60 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 310.14 177.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.67 177.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 361.52 177.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 399.73 177.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 419.32 177.60 Td (all ) Tj ET Q q 0 0 0 rg BT 431.41 177.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.84 177.60 Td (which ) Tj ET Q q 0 0 0 rg BT 468.37 177.60 Td (could ) Tj ET Q q 0 0 0 rg BT 492.69 177.60 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 165.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.71 165.60 Td (our ) Tj ET Q q 0 0 0 rg BT 126.54 165.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 165.43 165.60 Td (results ) Tj ET Q q 0 0 0 rg BT 194.04 165.60 Td (of ) Tj ET Q q 0 0 0 rg BT 204.87 165.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 249.03 165.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 277.07 165.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 314.55 165.60 Td (condition. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.00 144.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 130.83 144.60 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 128.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 130.38 128.10 Td (types ) Tj ET Q q 0 0 0 rg BT 154.10 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.05 128.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 208.20 128.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.81 128.10 Td (could ) Tj ET Q q 0 0 0 rg BT 250.64 128.10 Td (af) Tj ET Q q 0 0 0 rg BT 258.23 128.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 275.83 128.10 Td (us ) Tj ET Q q 0 0 0 rg BT 287.34 128.10 Td (include ) Tj ET Q q 0 0 0 rg BT 319.38 128.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 360.31 128.10 Td (company ) Tj ET Q q 0 0 0 rg BT 399.58 128.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 446.08 128.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 467.02 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.07 128.10 Td (regulations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 116.10 Td (state ) Tj ET Q q 0 0 0 rg BT 100.82 116.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 133.97 116.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 170.46 116.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 215.82 116.10 Td (principles, ) Tj ET Q q 0 0 0 rg BT 259.25 116.10 Td (antitrust ) Tj ET Q q 0 0 0 rg BT 293.51 116.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 315.84 116.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 356.22 116.10 Td (solvency ) Tj ET Q q 0 0 0 rg BT 393.26 116.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 449.46 116.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 478.70 116.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 510.18 116.10 Td (laws, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 104.10 Td (insurable ) Tj ET Q q 0 0 0 rg BT 120.16 104.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 152.09 104.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 172.92 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.86 104.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 220.11 104.10 Td (anti-money ) Tj ET Q q 0 0 0 rg BT 268.15 104.10 Td (laundering ) Tj ET Q q 0 0 0 rg BT 313.42 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.36 104.10 Td (anti-terrorism ) Tj ET Q q 0 0 0 rg BT 387.84 104.10 Td (laws. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 83.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 155.87 83.10 Td (with ) Tj ET Q q 0 0 0 rg BT 176.20 83.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 219.84 83.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 240.72 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.71 83.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 304.70 83.10 Td (is ) Tj ET Q q 0 0 0 rg BT 313.92 83.10 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 381.46 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.45 83.10 Td (personnel-intensive, ) Tj ET Q q 0 0 0 rg BT 481.81 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.80 83.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 71.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.54 71.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 110.64 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.84 71.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 173.04 71.10 Td (may ) Tj ET Q q 0 0 0 rg BT 192.02 71.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 234.33 71.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 268.84 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.83 71.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 300.70 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.79 71.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 358.65 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.85 71.10 Td (other ) Tj ET Q q 0 0 0 rg BT 397.16 71.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 435.03 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.12 71.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 469.67 71.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 507.70 71.10 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 59.10 Td (are ) Tj ET Q q 0 0 0 rg BT 94.92 59.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.08 59.10 Td (number ) Tj ET Q q 0 0 0 rg BT 133.34 59.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.39 59.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 164.00 59.10 Td (that ) Tj ET Q q 0 0 0 rg BT 180.71 59.10 Td (may ) Tj ET Q q 0 0 0 rg BT 199.64 59.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 220.23 59.10 Td (where ) Tj ET Q q 0 0 0 rg BT 246.38 59.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 289.18 59.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 335.33 59.10 Td (may ) Tj ET Q q 0 0 0 rg BT 354.27 59.10 Td (be ) Tj ET Q q 0 0 0 rg BT 365.42 59.10 Td (unclear) Tj ET Q q 0 0 0 rg BT 394.44 59.10 Td (, ) Tj ET Q q 0 0 0 rg BT 398.66 59.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 428.70 59.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.20 59.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 473.24 59.10 Td (interpretations ) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.79 735.60 Td (under ) Tj ET Q q 0 0 0 rg BT 117.03 735.60 Td (development ) Tj ET Q q 0 0 0 rg BT 171.14 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 181.93 735.60 Td (where ) Tj ET Q q 0 0 0 rg BT 208.82 735.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 255.72 735.60 Td (may ) Tj ET Q q 0 0 0 rg BT 275.40 735.60 Td (conflict ) Tj ET Q q 0 0 0 rg BT 308.41 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 328.65 735.60 Td (one ) Tj ET Q q 0 0 0 rg BT 345.55 735.60 Td (another) Tj ET Q q 0 0 0 rg BT 375.14 735.60 Td (, ) Tj ET Q q 0 0 0 rg BT 380.10 735.60 Td (where ) Tj ET Q q 0 0 0 rg BT 406.99 735.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 449.44 735.60 Td (revise ) Tj ET Q q 0 0 0 rg BT 475.78 735.60 Td (their ) Tj ET Q q 0 0 0 rg BT 496.57 735.60 Td (previous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 120.95 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 133.14 723.60 Td (courts ) Tj ET Q q 0 0 0 rg BT 161.44 723.60 Td (overturn ) Tj ET Q q 0 0 0 rg BT 199.18 723.60 Td (previous ) Tj ET Q q 0 0 0 rg BT 237.48 723.60 Td (rulings, ) Tj ET Q q 0 0 0 rg BT 271.62 723.60 Td (which ) Tj ET Q q 0 0 0 rg BT 299.91 723.60 Td (could ) Tj ET Q q 0 0 0 rg BT 325.99 723.60 Td (result ) Tj ET Q q 0 0 0 rg BT 352.07 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 363.71 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 380.90 723.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 410.85 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 422.49 723.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 445.78 723.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 490.73 723.60 Td (standards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (Regulators ) Tj ET Q q 0 0 0 rg BT 126.76 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.63 711.60 Td (other ) Tj ET Q q 0 0 0 rg BT 166.61 711.60 Td (authorities ) Tj ET Q q 0 0 0 rg BT 211.26 711.60 Td (have ) Tj ET Q q 0 0 0 rg BT 232.57 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.22 711.60 Td (power ) Tj ET Q q 0 0 0 rg BT 274.65 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 284.86 711.60 Td (bring ) Tj ET Q q 0 0 0 rg BT 308.40 711.60 Td (administrative ) Tj ET Q q 0 0 0 rg BT 368.04 711.60 Td (or ) Tj ET Q q 0 0 0 rg BT 378.81 711.60 Td (judicial ) Tj ET Q q 0 0 0 rg BT 411.23 711.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 461.98 711.60 Td (against ) Tj ET Q q 0 0 0 rg BT 492.74 711.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 506.56 711.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (could ) Tj ET Q q 0 0 0 rg BT 105.82 699.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 133.14 699.60 Td (among ) Tj ET Q q 0 0 0 rg BT 162.97 699.60 Td (other ) Tj ET Q q 0 0 0 rg BT 186.12 699.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 215.67 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 226.05 699.60 Td (suspension ) Tj ET Q q 0 0 0 rg BT 272.55 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 283.49 699.60 Td (revocation ) Tj ET Q q 0 0 0 rg BT 328.29 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 339.23 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 355.16 699.60 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 391.92 699.60 Td (cease ) Tj ET Q q 0 0 0 rg BT 416.17 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 433.22 699.60 Td (desist ) Tj ET Q q 0 0 0 rg BT 458.60 699.60 Td (orders, ) Tj ET Q q 0 0 0 rg BT 488.70 699.60 Td (fines, ) Tj ET Q q 0 0 0 rg BT 513.24 699.60 Td (civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 122.11 687.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 158.49 687.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 197.10 687.60 Td (or ) Tj ET Q q 0 0 0 rg BT 208.50 687.60 Td (other ) Tj ET Q q 0 0 0 rg BT 232.11 687.60 Td (disciplinary ) Tj ET Q q 0 0 0 rg BT 282.39 687.60 Td (action, ) Tj ET Q q 0 0 0 rg BT 312.38 687.60 Td (which ) Tj ET Q q 0 0 0 rg BT 339.89 687.60 Td (could ) Tj ET Q q 0 0 0 rg BT 365.17 687.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 408.77 687.60 Td (harm ) Tj ET Q q 0 0 0 rg BT 432.39 687.60 Td (our ) Tj ET Q q 0 0 0 rg BT 448.78 687.60 Td (results ) Tj ET Q q 0 0 0 rg BT 477.96 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.35 687.60 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.08 675.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 135.70 675.60 Td (condition. ) Tj ET Q q 0 0 0 rg BT 178.61 675.60 Td (If ) Tj ET Q q 0 0 0 rg BT 187.92 675.60 Td (we ) Tj ET Q q 0 0 0 rg BT 202.22 675.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 218.18 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 228.60 675.60 Td (address, ) Tj ET Q q 0 0 0 rg BT 263.73 675.60 Td (or ) Tj ET Q q 0 0 0 rg BT 274.70 675.60 Td (appear ) Tj ET Q q 0 0 0 rg BT 303.99 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 314.41 675.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 330.37 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 340.79 675.60 Td (address, ) Tj ET Q q 0 0 0 rg BT 375.92 675.60 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 431.87 675.60 Td (any ) Tj ET Q q 0 0 0 rg BT 448.95 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 459.92 675.60 Td (these ) Tj ET Q q 0 0 0 rg BT 483.11 675.60 Td (matters, ) Tj ET Q q 0 0 0 rg BT 517.69 675.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (reputation ) Tj ET Q q 0 0 0 rg BT 124.62 663.60 Td (could ) Tj ET Q q 0 0 0 rg BT 149.92 663.60 Td (be ) Tj ET Q q 0 0 0 rg BT 162.44 663.60 Td (harmed ) Tj ET Q q 0 0 0 rg BT 195.50 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 213.02 663.60 Td (we ) Tj ET Q q 0 0 0 rg BT 227.76 663.60 Td (could ) Tj ET Q q 0 0 0 rg BT 253.06 663.60 Td (be ) Tj ET Q q 0 0 0 rg BT 265.58 663.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 296.98 663.60 Td (to ) Tj ET Q q 0 0 0 rg BT 307.84 663.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 350.91 663.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 373.42 663.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 394.00 663.60 Td (which ) Tj ET Q q 0 0 0 rg BT 421.52 663.60 Td (could ) Tj ET Q q 0 0 0 rg BT 446.82 663.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 482.65 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.95 663.60 Td (size ) Tj ET Q q 0 0 0 rg BT 516.58 663.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (number ) Tj ET Q q 0 0 0 rg BT 114.23 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 125.25 651.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 154.04 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.17 651.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 208.84 651.60 Td (asserted ) Tj ET Q q 0 0 0 rg BT 243.74 651.60 Td (against ) Tj ET Q q 0 0 0 rg BT 274.75 651.60 Td (us ) Tj ET Q q 0 0 0 rg BT 286.33 651.60 Td (or ) Tj ET Q q 0 0 0 rg BT 297.35 651.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 328.36 651.60 Td (us ) Tj ET Q q 0 0 0 rg BT 339.94 651.60 Td (to ) Tj ET Q q 0 0 0 rg BT 350.41 651.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 403.07 651.60 Td (actions, ) Tj ET Q q 0 0 0 rg BT 436.58 651.60 Td (fines ) Tj ET Q q 0 0 0 rg BT 458.71 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.83 651.60 Td (penalties. ) Tj ET Q q 0 0 0 rg BT 516.56 651.60 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (Business-Regulation ) Tj ET Q q 0 0 0 rg BT 175.15 639.60 Td (for ) Tj ET Q q 0 0 0 rg BT 189.31 639.60 Td (further ) Tj ET Q q 0 0 0 rg BT 219.02 639.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 263.19 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 274.02 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.73 639.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 318.45 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 329.28 639.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 376.21 639.60 Td (on ) Tj ET Q q 0 0 0 rg BT 388.71 639.60 Td (our ) Tj ET Q q 0 0 0 rg BT 404.54 639.60 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 618.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 618.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.23 618.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 149.04 618.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 178.96 618.60 Td (what ) Tj ET Q q 0 0 0 rg BT 200.55 618.60 Td (form ) Tj ET Q q 0 0 0 rg BT 222.14 618.60 Td (any ) Tj ET Q q 0 0 0 rg BT 238.73 618.60 Td (future ) Tj ET Q q 0 0 0 rg BT 264.76 618.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 299.12 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 309.05 618.60 Td (these ) Tj ET Q q 0 0 0 rg BT 331.75 618.60 Td (or ) Tj ET Q q 0 0 0 rg BT 342.24 618.60 Td (other ) Tj ET Q q 0 0 0 rg BT 364.94 618.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 387.63 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 398.11 618.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 440.81 618.60 Td (af) Tj ET Q q 0 0 0 rg BT 448.39 618.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 478.31 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.68 618.60 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 606.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 115.80 606.60 Td (might ) Tj ET Q q 0 0 0 rg BT 141.16 606.60 Td (take ) Tj ET Q q 0 0 0 rg BT 159.84 606.60 Td (or ) Tj ET Q q 0 0 0 rg BT 170.20 606.60 Td (what ) Tj ET Q q 0 0 0 rg BT 191.66 606.60 Td (ef) Tj ET Q q 0 0 0 rg BT 199.25 606.60 Td (fect, ) Tj ET Q q 0 0 0 rg BT 218.76 606.60 Td (if ) Tj ET Q q 0 0 0 rg BT 226.90 606.60 Td (any) Tj ET Q q 0 0 0 rg BT 240.69 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 245.21 606.60 Td (such ) Tj ET Q q 0 0 0 rg BT 265.57 606.60 Td (proposals ) Tj ET Q q 0 0 0 rg BT 305.92 606.60 Td (might ) Tj ET Q q 0 0 0 rg BT 331.28 606.60 Td (have ) Tj ET Q q 0 0 0 rg BT 352.18 606.60 Td (on ) Tj ET Q q 0 0 0 rg BT 364.21 606.60 Td (us ) Tj ET Q q 0 0 0 rg BT 375.13 606.60 Td (if ) Tj ET Q q 0 0 0 rg BT 383.26 606.60 Td (enacted ) Tj ET Q q 0 0 0 rg BT 415.82 606.60 Td (into ) Tj ET Q q 0 0 0 rg BT 433.40 606.60 Td (law) Tj ET Q q 0 0 0 rg BT 447.19 606.60 Td (. ) Tj ET Q q 0 0 0 rg BT 451.71 606.60 Td (In ) Tj ET Q q 0 0 0 rg BT 462.07 606.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 499.37 606.60 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.07 594.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 135.91 594.60 Td (are ) Tj ET Q q 0 0 0 rg BT 150.86 594.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 191.36 594.60 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 245.18 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 255.70 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 262.88 594.60 Td (small ) Tj ET Q q 0 0 0 rg BT 287.28 594.60 Td (number ) Tj ET Q q 0 0 0 rg BT 320.57 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.64 594.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 353.27 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 364.34 594.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 403.47 594.60 Td (any ) Tj ET Q q 0 0 0 rg BT 420.65 594.60 Td (change ) Tj ET Q q 0 0 0 rg BT 451.71 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 462.22 594.60 Td (law ) Tj ET Q q 0 0 0 rg BT 479.40 594.60 Td (or ) Tj ET Q q 0 0 0 rg BT 490.47 594.60 Td (regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 582.60 Td (af) Tj ET Q q 0 0 0 rg BT 88.59 582.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 119.45 582.60 Td (one ) Tj ET Q q 0 0 0 rg BT 137.00 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 148.43 582.60 Td (those ) Tj ET Q q 0 0 0 rg BT 172.64 582.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 194.63 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.06 582.60 Td (business ) Tj ET Q q 0 0 0 rg BT 243.06 582.60 Td (could ) Tj ET Q q 0 0 0 rg BT 268.38 582.60 Td (have ) Tj ET Q q 0 0 0 rg BT 290.36 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 297.90 582.60 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 366.54 582.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 396.86 582.60 Td (on ) Tj ET Q q 0 0 0 rg BT 409.96 582.60 Td (us ) Tj ET Q q 0 0 0 rg BT 421.96 582.60 Td (as ) Tj ET Q q 0 0 0 rg BT 433.39 582.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 475.92 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 486.80 582.60 Td (other ) Tj ET Q q 0 0 0 rg BT 510.45 582.60 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 570.60 Td (diversified ) Tj ET Q q 0 0 0 rg BT 126.26 570.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 167.08 570.60 Td (companies. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 554.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 131.56 554.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 157.40 554.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 194.07 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.62 554.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 253.52 554.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 279.35 554.10 Td (or ) Tj ET Q q 0 0 0 rg BT 291.02 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.58 554.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 331.58 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.69 554.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 384.35 554.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 433.24 554.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 472.67 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.23 554.10 Td (competitors ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 542.10 Td (could ) Tj ET Q q 0 0 0 rg BT 106.28 542.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 150.43 542.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 180.70 542.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 521.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 521.10 Td (e ) Tj ET Q q 0 0 0 rg BT 120.13 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 134.39 521.10 Td (required ) Tj ET Q q 0 0 0 rg BT 169.76 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.59 521.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 211.63 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 231.46 521.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 251.30 521.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 277.42 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 281.52 521.10 Td (A) Tj ET Q q 0 0 0 rg BT 288.19 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.24 521.10 Td (number ) Tj ET Q q 0 0 0 rg BT 322.84 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.22 521.10 Td (or) Tj ET Q q 0 0 0 rg BT 341.37 521.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 388.96 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 403.22 521.10 Td (instrumental ) Tj ET Q q 0 0 0 rg BT 455.27 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.10 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.37 521.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.03 509.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 154.48 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.40 509.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 185.77 509.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 211.88 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 216.97 509.10 Td (such ) Tj ET Q q 0 0 0 rg BT 237.89 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 248.81 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.61 509.10 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 287.04 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.84 509.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 341.07 509.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 390.31 509.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 432.33 509.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 459.36 509.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 471.95 509.10 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 501.76 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.78 509.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 497.10 Td (American ) Tj ET Q q 0 0 0 rg BT 122.03 497.10 Td (Institute ) Tj ET Q q 0 0 0 rg BT 156.41 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.34 497.10 Td (Certified ) Tj ET Q q 0 0 0 rg BT 203.49 497.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 230.29 497.10 Td (Accountants. ) Tj ET Q q 0 0 0 rg BT 284.38 497.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 303.77 497.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 330.62 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 332.23 497.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.50 497.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 370.43 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.81 497.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 414.74 497.10 Td (review ) Tj ET Q q 0 0 0 rg BT 443.55 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 455.16 497.10 Td (these ) Tj ET Q q 0 0 0 rg BT 477.31 497.10 Td (or) Tj ET Q q 0 0 0 rg BT 485.46 497.10 Td (ganizations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.63 485.10 Td (others ) Tj ET Q q 0 0 0 rg BT 126.26 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.23 485.10 Td (an ) Tj ET Q q 0 0 0 rg BT 149.86 485.10 Td (ef) Tj ET Q q 0 0 0 rg BT 157.45 485.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 175.08 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.05 485.10 Td (address ) Tj ET Q q 0 0 0 rg BT 219.24 485.10 Td (emer) Tj ET Q q 0 0 0 rg BT 239.04 485.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 260.01 485.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 307.08 485.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 329.71 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.34 485.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 370.53 485.10 Td (interpretative ) Tj ET Q q 0 0 0 rg BT 427.03 485.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 474.09 485.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 513.38 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 526.57 485.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 473.10 Td (continual ) Tj ET Q q 0 0 0 rg BT 121.01 473.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 146.11 473.10 Td (W) Tj ET Q q 0 0 0 rg BT 154.74 473.10 Td (e ) Tj ET Q q 0 0 0 rg BT 161.98 473.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 191.43 473.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 219.22 473.10 Td (you ) Tj ET Q q 0 0 0 rg BT 237.02 473.10 Td (that ) Tj ET Q q 0 0 0 rg BT 254.81 473.10 Td (future ) Tj ET Q q 0 0 0 rg BT 281.49 473.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 316.49 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.07 473.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 347.65 473.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 374.50 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.30 473.10 Td (will ) Tj ET Q q 0 0 0 rg BT 395.66 473.10 Td (not ) Tj ET Q q 0 0 0 rg BT 411.23 473.10 Td (have ) Tj ET Q q 0 0 0 rg BT 432.91 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.14 473.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 476.81 473.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 506.82 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 519.62 473.10 Td (us. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 461.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 102.34 461.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 129.20 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.76 461.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 169.64 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.42 461.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 237.29 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.63 461.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 272.72 461.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 303.49 461.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 330.38 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.37 461.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 389.15 461.10 Td (at ) Tj ET Q q 0 0 0 rg BT 399.93 461.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 417.36 461.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 444.82 461.10 Td (These ) Tj ET Q q 0 0 0 rg BT 472.26 461.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 489.69 461.10 Td (values ) Tj ET Q q 0 0 0 rg BT 518.80 461.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 449.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 118.08 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.95 449.10 Td (various ) Tj ET Q q 0 0 0 rg BT 159.48 449.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 188.78 449.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 231.14 449.10 Td (but ) Tj ET Q q 0 0 0 rg BT 246.01 449.10 Td (not ) Tj ET Q q 0 0 0 rg BT 260.88 449.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 291.30 449.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 303.67 449.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 335.19 449.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 352.26 449.10 Td (movements, ) Tj ET Q q 0 0 0 rg BT 402.96 449.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 427.81 449.10 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 462.39 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.92 449.10 Td (various ) Tj ET Q q 0 0 0 rg BT 510.45 449.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 437.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 113.36 437.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 149.33 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.32 437.10 Td (this, ) Tj ET Q q 0 0 0 rg BT 179.93 437.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 214.79 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.22 437.10 Td (these ) Tj ET Q q 0 0 0 rg BT 248.43 437.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 264.96 437.10 Td (values ) Tj ET Q q 0 0 0 rg BT 293.16 437.10 Td (may ) Tj ET Q q 0 0 0 rg BT 313.04 437.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 337.90 437.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 378.31 437.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 404.29 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.28 437.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 454.04 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.48 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.46 437.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 425.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.48 425.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 404.10 Td (In ) Tj ET Q q 0 0 0 rg BT 115.47 404.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 152.88 404.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.35 404.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 208.80 404.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 258.15 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.50 404.10 Td (required ) Tj ET Q q 0 0 0 rg BT 307.95 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.87 404.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 350.00 404.10 Td (with ) Tj ET Q q 0 0 0 rg BT 369.92 404.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 407.05 404.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 453.06 404.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 494.63 404.10 Td (\(SAP\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.10 Td (SAP) Tj ET Q q 0 0 0 rg BT 98.97 392.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.01 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.48 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.30 392.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 171.65 392.10 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 209.10 392.10 Td (reserving ) Tj ET Q q 0 0 0 rg BT 249.34 392.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 305.15 392.10 Td (are ) Tj ET Q q 0 0 0 rg BT 320.40 392.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 351.76 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.57 392.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 398.93 392.10 Td (review ) Tj ET Q q 0 0 0 rg BT 429.18 392.10 Td (by ) Tj ET Q q 0 0 0 rg BT 442.21 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.47 392.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 484.95 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.42 392.10 Td (its ) Tj ET Q q 0 0 0 rg BT 514.90 392.10 Td (task ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 380.10 Td (forces ) Tj ET Q q 0 0 0 rg BT 107.42 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.85 380.10 Td (committees ) Tj ET Q q 0 0 0 rg BT 171.94 380.10 Td (as ) Tj ET Q q 0 0 0 rg BT 182.26 380.10 Td (well ) Tj ET Q q 0 0 0 rg BT 201.47 380.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.79 380.10 Td (state ) Tj ET Q q 0 0 0 rg BT 232.11 380.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 272.41 380.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 323.28 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.05 380.10 Td (an ) Tj ET Q q 0 0 0 rg BT 344.48 380.10 Td (ef) Tj ET Q q 0 0 0 rg BT 352.06 380.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 368.49 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.26 380.10 Td (address ) Tj ET Q q 0 0 0 rg BT 410.24 380.10 Td (emer) Tj ET Q q 0 0 0 rg BT 430.05 380.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 449.82 380.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 475.70 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.13 380.10 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 368.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 116.56 368.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 153.77 368.10 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 195.00 368.10 Td (V) Tj ET Q q 0 0 0 rg BT 201.11 368.10 Td (arious ) Tj ET Q q 0 0 0 rg BT 227.78 368.10 Td (proposals ) Tj ET Q q 0 0 0 rg BT 268.35 368.10 Td (are ) Tj ET Q q 0 0 0 rg BT 282.79 368.10 Td (currently) Tj ET Q q 0 0 0 rg BT 318.23 368.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.96 368.10 Td (or ) Tj ET Q q 0 0 0 rg BT 333.53 368.10 Td (have ) Tj ET Q q 0 0 0 rg BT 354.64 368.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 399.09 368.10 Td (been, ) Tj ET Q q 0 0 0 rg BT 422.70 368.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 457.15 368.10 Td (before ) Tj ET Q q 0 0 0 rg BT 484.92 368.10 Td (committees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.15 356.10 Td (task ) Tj ET Q q 0 0 0 rg BT 116.97 356.10 Td (forces ) Tj ET Q q 0 0 0 rg BT 144.11 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.15 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.08 356.10 Td (NAIC, ) Tj ET Q q 0 0 0 rg BT 199.73 356.10 Td (some ) Tj ET Q q 0 0 0 rg BT 223.55 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.60 356.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 264.25 356.10 Td (if ) Tj ET Q q 0 0 0 rg BT 273.07 356.10 Td (enacted, ) Tj ET Q q 0 0 0 rg BT 308.81 356.10 Td (would ) Tj ET Q q 0 0 0 rg BT 336.52 356.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 380.88 356.10 Td (af) Tj ET Q q 0 0 0 rg BT 388.47 356.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 406.17 356.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.21 356.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 463.24 356.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 515.47 356.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 344.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 109.00 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 119.24 344.10 Td (also ) Tj ET Q q 0 0 0 rg BT 138.90 344.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 178.56 344.10 Td (working ) Tj ET Q q 0 0 0 rg BT 215.45 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.79 344.10 Td (reform ) Tj ET Q q 0 0 0 rg BT 257.56 344.10 Td (state ) Tj ET Q q 0 0 0 rg BT 279.44 344.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 323.55 344.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.89 344.10 Td (various ) Tj ET Q q 0 0 0 rg BT 367.89 344.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 394.48 344.10 Td (including ) Tj ET Q q 0 0 0 rg BT 435.82 344.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 499.91 344.10 Td (reforms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 332.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 113.60 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.43 332.10 Td (life ) Tj ET Q q 0 0 0 rg BT 138.81 332.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 179.18 332.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 213.99 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.49 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.76 332.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 290.68 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.40 332.10 Td (such ) Tj ET Q q 0 0 0 rg BT 324.78 332.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 361.95 332.10 Td (W) Tj ET Q q 0 0 0 rg BT 370.59 332.10 Td (e ) Tj ET Q q 0 0 0 rg BT 377.08 332.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 405.79 332.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 435.61 332.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 469.87 332.10 Td (or ) Tj ET Q q 0 0 0 rg BT 480.25 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.09 332.10 Td (what ) Tj ET Q q 0 0 0 rg BT 511.58 332.10 Td (form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 320.10 Td (reforms ) Tj ET Q q 0 0 0 rg BT 114.34 320.10 Td (will ) Tj ET Q q 0 0 0 rg BT 132.14 320.10 Td (be ) Tj ET Q q 0 0 0 rg BT 143.82 320.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 176.59 320.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 195.77 320.10 Td (if ) Tj ET Q q 0 0 0 rg BT 204.12 320.10 Td (so, ) Tj ET Q q 0 0 0 rg BT 217.75 320.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 252.20 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.66 320.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 299.43 320.10 Td (reforms ) Tj ET Q q 0 0 0 rg BT 332.77 320.10 Td (will ) Tj ET Q q 0 0 0 rg BT 350.57 320.10 Td (positively ) Tj ET Q q 0 0 0 rg BT 392.25 320.10 Td (or ) Tj ET Q q 0 0 0 rg BT 402.83 320.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 446.72 320.10 Td (af) Tj ET Q q 0 0 0 rg BT 454.31 320.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 471.53 320.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 485.17 320.10 Td (In ) Tj ET Q q 0 0 0 rg BT 495.74 320.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.66 308.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 123.79 308.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 173.89 308.10 Td (Practices ) Tj ET Q q 0 0 0 rg BT 213.43 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.31 308.10 Td (Procedures ) Tj ET Q q 0 0 0 rg BT 279.19 308.10 Td (manual ) Tj ET Q q 0 0 0 rg BT 312.06 308.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 349.95 308.10 Td (that ) Tj ET Q q 0 0 0 rg BT 368.39 308.10 Td (state ) Tj ET Q q 0 0 0 rg BT 390.16 308.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 431.92 308.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 484.23 308.10 Td (may ) Tj ET Q q 0 0 0 rg BT 504.90 308.10 Td (permit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 296.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 121.78 296.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 167.02 296.10 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 209.47 296.10 Td (therein ) Tj ET Q q 0 0 0 rg BT 239.71 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.95 296.10 Td (depart ) Tj ET Q q 0 0 0 rg BT 277.41 296.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.31 296.10 Td (SAP) Tj ET Q q 0 0 0 rg BT 317.29 296.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.75 296.10 Td (by ) Tj ET Q q 0 0 0 rg BT 332.22 296.10 Td (granting ) Tj ET Q q 0 0 0 rg BT 368.02 296.10 Td (them ) Tj ET Q q 0 0 0 rg BT 390.48 296.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 431.27 296.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 477.61 296.10 Td (practices. ) Tj ET Q q 0 0 0 rg BT 517.93 296.10 Td (W) Tj ET Q q 0 0 0 rg BT 526.57 296.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 284.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 109.76 284.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 139.62 284.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 173.93 284.10 Td (or ) Tj ET Q q 0 0 0 rg BT 184.36 284.10 Td (when ) Tj ET Q q 0 0 0 rg BT 208.12 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.44 284.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 262.86 284.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 313.83 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.26 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.58 284.10 Td (states ) Tj ET Q q 0 0 0 rg BT 362.90 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.33 284.10 Td (domicile ) Tj ET Q q 0 0 0 rg BT 410.42 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.85 284.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.28 284.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 485.59 284.10 Td (may ) Tj ET Q q 0 0 0 rg BT 504.91 284.10 Td (permit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 272.10 Td (them ) Tj ET Q q 0 0 0 rg BT 103.55 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.88 272.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 141.42 272.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 198.40 272.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 244.83 272.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 282.91 272.10 Td (that ) Tj ET Q q 0 0 0 rg BT 300.46 272.10 Td (depart ) Tj ET Q q 0 0 0 rg BT 328.00 272.10 Td (from ) Tj ET Q q 0 0 0 rg BT 349.99 272.10 Td (SAP) Tj ET Q q 0 0 0 rg BT 367.23 272.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.28 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.05 272.10 Td (use ) Tj ET Q q 0 0 0 rg BT 402.94 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.82 272.10 Td (which ) Tj ET Q q 0 0 0 rg BT 440.81 272.10 Td (is ) Tj ET Q q 0 0 0 rg BT 450.04 272.10 Td (not ) Tj ET Q q 0 0 0 rg BT 465.37 272.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 506.24 272.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.80 272.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 260.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 122.05 260.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 173.66 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.73 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.68 260.10 Td (states ) Tj ET Q q 0 0 0 rg BT 224.64 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.70 260.10 Td (domicile ) Tj ET Q q 0 0 0 rg BT 273.43 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.50 260.10 Td (us ) Tj ET Q q 0 0 0 rg BT 296.12 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.30 260.10 Td (our ) Tj ET Q q 0 0 0 rg BT 329.37 260.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 370.42 260.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 422.67 260.10 Td (W) Tj ET Q q 0 0 0 rg BT 431.71 260.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 445.01 260.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 476.06 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.57 260.10 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.19 248.10 Td (guidelines, ) Tj ET Q q 0 0 0 rg BT 144.55 248.10 Td (states ) Tj ET Q q 0 0 0 rg BT 169.52 248.10 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 215.04 248.10 Td (defer ) Tj ET Q q 0 0 0 rg BT 238.33 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.87 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.83 248.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 320.46 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.54 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.51 248.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 387.58 248.10 Td (department ) Tj ET Q q 0 0 0 rg BT 435.31 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.39 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.36 248.10 Td (state ) Tj ET Q q 0 0 0 rg BT 482.44 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.52 248.10 Td (domicile. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 236.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 113.32 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.87 236.10 Td (action ) Tj ET Q q 0 0 0 rg BT 154.64 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.30 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.85 236.10 Td (domiciliary ) Tj ET Q q 0 0 0 rg BT 228.29 236.10 Td (state ) Tj ET Q q 0 0 0 rg BT 248.94 236.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 264.61 236.10 Td (action ) Tj ET Q q 0 0 0 rg BT 291.38 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.04 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.59 236.10 Td (NAICis ) Tj ET Q q 0 0 0 rg BT 352.54 236.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 385.43 236.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.76 236.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.54 236.10 Td (state. ) Tj ET Q q 0 0 0 rg BT 427.18 236.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 476.52 236.10 Td (, ) Tj ET Q q 0 0 0 rg BT 481.35 236.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.12 236.10 Td (state ) Tj ET Q q 0 0 0 rg BT 508.78 236.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 224.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 111.53 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.07 224.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 150.95 224.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.15 224.10 Td (dif) Tj ET Q q 0 0 0 rg BT 169.08 224.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 195.16 224.10 Td (interpretation. ) Tj ET Q q 0 0 0 rg BT 254.09 224.10 Td (W) Tj ET Q q 0 0 0 rg BT 262.72 224.10 Td (e ) Tj ET Q q 0 0 0 rg BT 269.93 224.10 Td (can ) Tj ET Q q 0 0 0 rg BT 286.57 224.10 Td (give ) Tj ET Q q 0 0 0 rg BT 306.55 224.10 Td (no ) Tj ET Q q 0 0 0 rg BT 319.31 224.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 360.94 224.10 Td (that ) Tj ET Q q 0 0 0 rg BT 378.70 224.10 Td (future ) Tj ET Q q 0 0 0 rg BT 405.34 224.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 440.31 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.85 224.10 Td (SAP) Tj ET Q q 0 0 0 rg BT 468.83 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.59 224.10 Td (or ) Tj ET Q q 0 0 0 rg BT 482.69 224.10 Td (components ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 212.10 Td (SAP) Tj ET Q q 0 0 0 rg BT 109.80 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.30 212.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.13 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.85 212.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 160.90 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.73 212.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 212.55 212.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 258.92 212.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 296.95 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.23 212.10 Td (its ) Tj ET Q q 0 0 0 rg BT 319.18 212.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 368.89 212.10 Td (will ) Tj ET Q q 0 0 0 rg BT 386.95 212.10 Td (not ) Tj ET Q q 0 0 0 rg BT 402.23 212.10 Td (have ) Tj ET Q q 0 0 0 rg BT 423.60 212.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.54 212.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 466.91 212.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 496.63 212.10 Td (on ) Tj ET Q q 0 0 0 rg BT 509.13 212.10 Td (us.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 186.60 Td (The ) Tj ET Q q 0 0 0 rg BT 99.86 186.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 149.83 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 168.14 186.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 219.80 186.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 264.22 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 281.42 186.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 301.39 186.60 Td (contain ) Tj ET Q q 0 0 0 rg BT 335.26 186.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 381.91 186.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 424.11 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.42 186.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 482.39 186.60 Td (restrictions, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 174.60 Td (which ) Tj ET Q q 0 0 0 rg BT 108.51 174.60 Td (may ) Tj ET Q q 0 0 0 rg BT 128.23 174.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 161.27 174.60 Td (us ) Tj ET Q q 0 0 0 rg BT 173.23 174.60 Td (from ) Tj ET Q q 0 0 0 rg BT 195.73 174.60 Td (capitalizing ) Tj ET Q q 0 0 0 rg BT 246.01 174.60 Td (on ) Tj ET Q q 0 0 0 rg BT 259.07 174.60 Td (business ) Tj ET Q q 0 0 0 rg BT 296.59 174.60 Td (opportunities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.54 174.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 158.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.31 158.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 163.83 158.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 207.14 158.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.12 158.10 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.95 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.71 158.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 282.90 158.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 306.77 158.10 Td (due ) Tj ET Q q 0 0 0 rg BT 323.97 158.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 346.73 158.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 365.04 158.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 398.35 158.10 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 432.21 158.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 459.97 158.10 Td (by ) Tj ET Q q 0 0 0 rg BT 472.73 158.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 501.60 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.80 158.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.10 Td (three-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.79 146.10 Td ($150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.79 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.06 146.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 191.87 146.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 233.47 146.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 259.50 146.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 291.09 146.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 309.91 146.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 341.89 146.10 Td (Agreement\); ) Tj ET Q q 0 0 0 rg BT 400.13 146.10 Td (each ) Tj ET Q q 0 0 0 rg BT 421.72 146.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 458.31 146.10 Td (various ) Tj ET Q q 0 0 0 rg BT 491.02 146.10 Td (restrictive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 134.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 123.49 134.10 Td (which ) Tj ET Q q 0 0 0 rg BT 150.42 134.10 Td (limit, ) Tj ET Q q 0 0 0 rg BT 174.32 134.10 Td (among ) Tj ET Q q 0 0 0 rg BT 204.03 134.10 Td (other ) Tj ET Q q 0 0 0 rg BT 227.08 134.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 256.53 134.10 Td (FGLH) Tj ET Q q 0 0 0 rg BT 285.42 134.10 Td (s ) Tj ET Q q 0 0 0 rg BT 291.81 134.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 319.86 134.10 Td (to: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 117.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 117.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 140.05 117.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 182.54 117.60 Td (indebtedness; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 101.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 101.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 133.74 101.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 174.94 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 185.57 101.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 215.08 101.10 Td (other ) Tj ET Q q 0 0 0 rg BT 237.94 101.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 290.25 101.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.55 101.10 Td (its ) Tj ET Q q 0 0 0 rg BT 314.31 101.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 343.26 101.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 366.68 101.10 Td (other ) Tj ET Q q 0 0 0 rg BT 389.53 101.10 Td (than ) Tj ET Q q 0 0 0 rg BT 409.05 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 419.69 101.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 453.65 101.10 Td (under ) Tj ET Q q 0 0 0 rg BT 478.73 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.25 101.10 Td (indenture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.94 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.66 89.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 175.60 89.10 Td (Agreement; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 72.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 72.60 Td (make ) Tj ET Q q 0 0 0 rg BT 141.16 72.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 170.86 72.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 221.13 72.60 Td (or ) Tj ET Q q 0 0 0 rg BT 231.96 72.60 Td (other ) Tj ET Q q 0 0 0 rg BT 255.01 72.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 294.71 72.60 Td (payments; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 56.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 56.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 147.82 56.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.09 56.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 208.36 56.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.64 56.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 281.68 56.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.51 56.10 Td (af) Tj ET Q q 0 0 0 rg BT 300.10 56.10 Td (filiates; ) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 735.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 735.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 133.39 735.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 163.09 735.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 188.92 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 199.75 735.60 Td (mer) Tj ET Q q 0 0 0 rg BT 215.12 735.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 227.05 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 247.33 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 258.16 735.60 Td (into ) Tj ET Q q 0 0 0 rg BT 276.22 735.60 Td (other ) Tj ET Q q 0 0 0 rg BT 299.27 735.60 Td (companies; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 719.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 719.10 Td (change ) Tj ET Q q 0 0 0 rg BT 147.82 719.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.65 719.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 210.02 719.10 Td (policies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 701.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 701.70 Td (enter into restrictive agreements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 685.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 685.20 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 158.36 685.20 Td (indebtedness; ) Tj ET Q q 0 0 0 rg BT 215.30 685.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 668.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 668.70 Td (create ) Tj ET Q q 0 0 0 rg BT 143.36 668.70 Td (liens. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 647.70 Td (In ) Tj ET Q q 0 0 0 rg BT 116.29 647.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 154.53 647.70 Td (if ) Tj ET Q q 0 0 0 rg BT 163.60 647.70 Td (FGL) Tj ET Q q 0 0 0 rg BT 182.12 647.70 Td ( ) Tj ET Q q 0 0 0 rg BT 185.09 647.70 Td (or ) Tj ET Q q 0 0 0 rg BT 196.38 647.70 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 225.46 647.70 Td (under) Tj ET Q q 0 0 0 rg BT 248.05 647.70 Td (goes ) Tj ET Q q 0 0 0 rg BT 269.34 647.70 Td (a ) Tj ET Q q 0 0 0 rg BT 276.74 647.70 Td (change ) Tj ET Q q 0 0 0 rg BT 312.46 647.70 Td (of ) Tj ET Q q 0 0 0 rg BT 323.75 647.70 Td (control ) Tj ET Q q 0 0 0 rg BT 359.48 647.70 Td (as ) Tj ET Q q 0 0 0 rg BT 370.78 647.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 403.73 647.70 Td (in ) Tj ET Q q 0 0 0 rg BT 414.47 647.70 Td (the ) Tj ET Q q 0 0 0 rg BT 429.65 647.70 Td (indenture, ) Tj ET Q q 0 0 0 rg BT 472.88 647.70 Td (each ) Tj ET Q q 0 0 0 rg BT 494.16 647.70 Td (holder ) Tj ET Q q 0 0 0 rg BT 522.67 647.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 635.70 Td (Senior ) Tj ET Q q 0 0 0 rg BT 110.26 635.70 Td (Notes ) Tj ET Q q 0 0 0 rg BT 136.75 635.70 Td (will ) Tj ET Q q 0 0 0 rg BT 155.46 635.70 Td (have ) Tj ET Q q 0 0 0 rg BT 177.49 635.70 Td (the ) Tj ET Q q 0 0 0 rg BT 192.86 635.70 Td (right ) Tj ET Q q 0 0 0 rg BT 214.90 635.70 Td (to ) Tj ET Q q 0 0 0 rg BT 225.83 635.70 Td (require ) Tj ET Q q 0 0 0 rg BT 257.30 635.70 Td (us ) Tj ET Q q 0 0 0 rg BT 269.35 635.70 Td (to ) Tj ET Q q 0 0 0 rg BT 280.28 635.70 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 326.74 635.70 Td (their ) Tj ET Q q 0 0 0 rg BT 348.22 635.70 Td (Senior ) Tj ET Q q 0 0 0 rg BT 377.48 635.70 Td (Notes ) Tj ET Q q 0 0 0 rg BT 403.97 635.70 Td (at ) Tj ET Q q 0 0 0 rg BT 414.34 635.70 Td (a ) Tj ET Q q 0 0 0 rg BT 421.93 635.70 Td (price ) Tj ET Q q 0 0 0 rg BT 445.07 635.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 469.88 635.70 Td (to ) Tj ET Q q 0 0 0 rg BT 480.81 635.70 Td (101% ) Tj ET Q q 0 0 0 rg BT 507.30 635.70 Td (of ) Tj ET Q q 0 0 0 rg BT 518.78 635.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 623.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 119.04 623.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 151.54 623.70 Td (and ) Tj ET Q q 0 0 0 rg BT 168.48 623.70 Td (any ) Tj ET Q q 0 0 0 rg BT 185.41 623.70 Td (accrued ) Tj ET Q q 0 0 0 rg BT 219.00 623.70 Td (but ) Tj ET Q q 0 0 0 rg BT 234.28 623.70 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 263.99 623.70 Td (interest. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 602.70 Td (As ) Tj ET Q q 0 0 0 rg BT 118.91 602.70 Td (a ) Tj ET Q q 0 0 0 rg BT 126.15 602.70 Td (result ) Tj ET Q q 0 0 0 rg BT 151.17 602.70 Td (of ) Tj ET Q q 0 0 0 rg BT 162.30 602.70 Td (these ) Tj ET Q q 0 0 0 rg BT 185.65 602.70 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 232.88 602.70 Td (and ) Tj ET Q q 0 0 0 rg BT 250.12 602.70 Td (their ) Tj ET Q q 0 0 0 rg BT 271.25 602.70 Td (ef) Tj ET Q q 0 0 0 rg BT 278.83 602.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 296.62 602.70 Td (on ) Tj ET Q q 0 0 0 rg BT 309.42 602.70 Td (us, ) Tj ET Q q 0 0 0 rg BT 323.61 602.70 Td (we ) Tj ET Q q 0 0 0 rg BT 338.07 602.70 Td (may ) Tj ET Q q 0 0 0 rg BT 358.09 602.70 Td (be ) Tj ET Q q 0 0 0 rg BT 370.33 602.70 Td (limited ) Tj ET Q q 0 0 0 rg BT 401.46 602.70 Td (in ) Tj ET Q q 0 0 0 rg BT 412.04 602.70 Td (how ) Tj ET Q q 0 0 0 rg BT 432.06 602.70 Td (we ) Tj ET Q q 0 0 0 rg BT 446.52 602.70 Td (conduct ) Tj ET Q q 0 0 0 rg BT 480.97 602.70 Td (our ) Tj ET Q q 0 0 0 rg BT 497.10 602.70 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 590.70 Td (and ) Tj ET Q q 0 0 0 rg BT 97.15 590.70 Td (we ) Tj ET Q q 0 0 0 rg BT 110.53 590.70 Td (may ) Tj ET Q q 0 0 0 rg BT 129.46 590.70 Td (be ) Tj ET Q q 0 0 0 rg BT 140.61 590.70 Td (unable ) Tj ET Q q 0 0 0 rg BT 168.98 590.70 Td (to ) Tj ET Q q 0 0 0 rg BT 178.47 590.70 Td (raise ) Tj ET Q q 0 0 0 rg BT 199.06 590.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 240.77 590.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 259.70 590.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 299.17 590.70 Td (to ) Tj ET Q q 0 0 0 rg BT 308.67 590.70 Td (compete ) Tj ET Q q 0 0 0 rg BT 344.25 590.70 Td (ef) Tj ET Q q 0 0 0 rg BT 351.84 590.70 Td (fectively ) Tj ET Q q 0 0 0 rg BT 388.53 590.70 Td (or ) Tj ET Q q 0 0 0 rg BT 398.58 590.70 Td (to ) Tj ET Q q 0 0 0 rg BT 408.07 590.70 Td (take ) Tj ET Q q 0 0 0 rg BT 426.44 590.70 Td (advantage ) Tj ET Q q 0 0 0 rg BT 468.69 590.70 Td (of ) Tj ET Q q 0 0 0 rg BT 478.73 590.70 Td (new ) Tj ET Q q 0 0 0 rg BT 497.10 590.70 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 578.70 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 137.92 578.70 Td (The ) Tj ET Q q 0 0 0 rg BT 155.23 578.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 179.22 578.70 Td (of ) Tj ET Q q 0 0 0 rg BT 189.32 578.70 Td (any ) Tj ET Q q 0 0 0 rg BT 205.53 578.70 Td (future ) Tj ET Q q 0 0 0 rg BT 231.17 578.70 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 284.60 578.70 Td (we ) Tj ET Q q 0 0 0 rg BT 298.03 578.70 Td (or ) Tj ET Q q 0 0 0 rg BT 308.13 578.70 Td (our ) Tj ET Q q 0 0 0 rg BT 323.23 578.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 372.22 578.70 Td (may ) Tj ET Q q 0 0 0 rg BT 391.20 578.70 Td (incur ) Tj ET Q q 0 0 0 rg BT 413.52 578.70 Td (could ) Tj ET Q q 0 0 0 rg BT 437.51 578.70 Td (include ) Tj ET Q q 0 0 0 rg BT 468.71 578.70 Td (more ) Tj ET Q q 0 0 0 rg BT 491.03 578.70 Td (restrictive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 566.70 Td (covenants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 545.70 Td (For ) Tj ET Q q 0 0 0 rg BT 121.39 545.70 Td (detailed ) Tj ET Q q 0 0 0 rg BT 155.54 545.70 Td (information ) Tj ET Q q 0 0 0 rg BT 205.25 545.70 Td (about ) Tj ET Q q 0 0 0 rg BT 229.97 545.70 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 276.90 545.70 Td (governing ) Tj ET Q q 0 0 0 rg BT 319.95 545.70 Td (our ) Tj ET Q q 0 0 0 rg BT 335.78 545.70 Td (debt, ) Tj ET Q q 0 0 0 rg BT 358.00 545.70 Td (see ) Tj ET Q q 0 0 0 rg BT 373.27 545.70 Td (Part ) Tj ET Q q 0 0 0 rg BT 391.88 545.70 Td (II, ) Tj ET Q q 0 0 0 rg BT 403.54 545.70 Td (Item ) Tj ET Q q 0 0 0 rg BT 424.36 545.70 Td (7. ) Tj ET Q q 0 0 0 rg BT 434.36 545.70 Td ("Debt" ) Tj ET Q q 0 0 0 rg BT 464.46 545.70 Td (in ) Tj ET Q q 0 0 0 rg BT 474.74 545.70 Td (this ) Tj ET Q q 0 0 0 rg BT 491.69 545.70 Td (report. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 508.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 99.83 508.20 Td (results ) Tj ET Q q 0 0 0 rg BT 129.22 508.20 Td (of ) Tj ET Q q 0 0 0 rg BT 139.70 508.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 185.20 508.20 Td (and ) Tj ET Q q 0 0 0 rg BT 202.91 508.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 242.29 508.20 Td (condition ) Tj ET Q q 0 0 0 rg BT 283.34 508.20 Td (depend ) Tj ET Q q 0 0 0 rg BT 314.94 508.20 Td (on ) Tj ET Q q 0 0 0 rg BT 327.65 508.20 Td (the ) Tj ET Q q 0 0 0 rg BT 342.59 508.20 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 381.95 508.20 Td (of ) Tj ET Q q 0 0 0 rg BT 392.43 508.20 Td (a ) Tj ET Q q 0 0 0 rg BT 399.59 508.20 Td (broad ) Tj ET Q q 0 0 0 rg BT 425.63 508.20 Td (range ) Tj ET Q q 0 0 0 rg BT 451.68 508.20 Td (of ) Tj ET Q q 0 0 0 rg BT 462.17 508.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 515.45 508.20 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 496.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 121.27 496.20 Td (made ) Tj ET Q q 0 0 0 rg BT 145.99 496.20 Td (by ) Tj ET Q q 0 0 0 rg BT 157.93 496.20 Td (our ) Tj ET Q q 0 0 0 rg BT 174.88 496.20 Td (management. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 479.70 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 479.70 Td (e ) Tj ET Q q 0 0 0 rg BT 121.22 479.70 Td (make ) Tj ET Q q 0 0 0 rg BT 146.01 479.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 176.36 479.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 228.95 479.70 Td (and ) Tj ET Q q 0 0 0 rg BT 246.53 479.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 286.88 479.70 Td (regarding ) Tj ET Q q 0 0 0 rg BT 328.34 479.70 Td (mortality) Tj ET Q q 0 0 0 rg BT 364.35 479.70 Td (, ) Tj ET Q q 0 0 0 rg BT 369.99 479.70 Td (persistency) Tj ET Q q 0 0 0 rg BT 414.32 479.70 Td (, ) Tj ET Q q 0 0 0 rg BT 419.96 479.70 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 461.70 479.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 494.28 479.70 Td (rates, ) Tj ET Q q 0 0 0 rg BT 518.80 479.70 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 467.70 Td (liability) Tj ET Q q 0 0 0 rg BT 111.46 467.70 Td (, ) Tj ET Q q 0 0 0 rg BT 115.69 467.70 Td (business ) Tj ET Q q 0 0 0 rg BT 151.31 467.70 Td (mix, ) Tj ET Q q 0 0 0 rg BT 171.09 467.70 Td (frequency ) Tj ET Q q 0 0 0 rg BT 212.79 467.70 Td (of ) Tj ET Q q 0 0 0 rg BT 222.85 467.70 Td (claims, ) Tj ET Q q 0 0 0 rg BT 253.18 467.70 Td (contingent ) Tj ET Q q 0 0 0 rg BT 297.12 467.70 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 338.57 467.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 384.17 467.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 436.42 467.70 Td (and ) Tj ET Q q 0 0 0 rg BT 452.59 467.70 Td (other ) Tj ET Q q 0 0 0 rg BT 474.87 467.70 Td (factors ) Tj ET Q q 0 0 0 rg BT 503.80 467.70 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 455.70 Td (to ) Tj ET Q q 0 0 0 rg BT 91.47 455.70 Td (our ) Tj ET Q q 0 0 0 rg BT 107.50 455.70 Td (business ) Tj ET Q q 0 0 0 rg BT 144.09 455.70 Td (and ) Tj ET Q q 0 0 0 rg BT 161.22 455.70 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 207.78 455.70 Td (results. ) Tj ET Q q 0 0 0 rg BT 238.89 455.70 Td (W) Tj ET Q q 0 0 0 rg BT 247.53 455.70 Td (e ) Tj ET Q q 0 0 0 rg BT 254.66 455.70 Td (rely ) Tj ET Q q 0 0 0 rg BT 272.90 455.70 Td (on ) Tj ET Q q 0 0 0 rg BT 285.60 455.70 Td (these ) Tj ET Q q 0 0 0 rg BT 308.84 455.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 360.99 455.70 Td (and ) Tj ET Q q 0 0 0 rg BT 378.12 455.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 418.03 455.70 Td (to ) Tj ET Q q 0 0 0 rg BT 428.50 455.70 Td (determine ) Tj ET Q q 0 0 0 rg BT 471.18 455.70 Td (the ) Tj ET Q q 0 0 0 rg BT 486.09 455.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 522.67 455.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 443.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 116.10 443.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 161.78 443.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 179.69 443.70 Td (\(DAC\) ) Tj ET Q q 0 0 0 rg BT 218.14 443.70 Td (and ) Tj ET Q q 0 0 0 rg BT 234.38 443.70 Td (value ) Tj ET Q q 0 0 0 rg BT 257.83 443.70 Td (of ) Tj ET Q q 0 0 0 rg BT 267.96 443.70 Td (business ) Tj ET Q q 0 0 0 rg BT 303.65 443.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 339.87 443.70 Td (\(VOBA\), ) Tj ET Q q 0 0 0 rg BT 388.04 443.70 Td (policy ) Tj ET Q q 0 0 0 rg BT 414.83 443.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 453.85 443.70 Td (and ) Tj ET Q q 0 0 0 rg BT 470.09 443.70 Td (accruals, ) Tj ET Q q 0 0 0 rg BT 507.14 443.70 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 431.70 Td (earnings ) Tj ET Q q 0 0 0 rg BT 117.58 431.70 Td (and ) Tj ET Q q 0 0 0 rg BT 134.73 431.70 Td (various ) Tj ET Q q 0 0 0 rg BT 166.87 431.70 Td (components ) Tj ET Q q 0 0 0 rg BT 217.91 431.70 Td (of ) Tj ET Q q 0 0 0 rg BT 228.94 431.70 Td (our ) Tj ET Q q 0 0 0 rg BT 244.98 431.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 298.23 431.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 331.47 431.70 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 357.02 431.70 Td (These ) Tj ET Q q 0 0 0 rg BT 383.61 431.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 435.76 431.70 Td (are ) Tj ET Q q 0 0 0 rg BT 450.68 431.70 Td (also ) Tj ET Q q 0 0 0 rg BT 469.49 431.70 Td (used ) Tj ET Q q 0 0 0 rg BT 490.53 431.70 Td (in ) Tj ET Q q 0 0 0 rg BT 501.01 431.70 Td (making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 419.70 Td (decisions ) Tj ET Q q 0 0 0 rg BT 120.46 419.70 Td (crucial ) Tj ET Q q 0 0 0 rg BT 149.91 419.70 Td (to ) Tj ET Q q 0 0 0 rg BT 159.94 419.70 Td (the ) Tj ET Q q 0 0 0 rg BT 174.40 419.70 Td (operation ) Tj ET Q q 0 0 0 rg BT 214.42 419.70 Td (of ) Tj ET Q q 0 0 0 rg BT 224.99 419.70 Td (our ) Tj ET Q q 0 0 0 rg BT 240.57 419.70 Td (business, ) Tj ET Q q 0 0 0 rg BT 279.21 419.70 Td (including ) Tj ET Q q 0 0 0 rg BT 319.23 419.70 Td (the ) Tj ET Q q 0 0 0 rg BT 333.70 419.70 Td (pricing ) Tj ET Q q 0 0 0 rg BT 364.27 419.70 Td (of ) Tj ET Q q 0 0 0 rg BT 374.85 419.70 Td (products ) Tj ET Q q 0 0 0 rg BT 411.53 419.70 Td (and ) Tj ET Q q 0 0 0 rg BT 428.22 419.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 462.67 419.70 Td (structures ) Tj ET Q q 0 0 0 rg BT 503.80 419.70 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 407.70 Td (to ) Tj ET Q q 0 0 0 rg BT 90.17 407.70 Td (products. ) Tj ET Q q 0 0 0 rg BT 128.39 407.70 Td (The ) Tj ET Q q 0 0 0 rg BT 145.32 407.70 Td (calculations ) Tj ET Q q 0 0 0 rg BT 194.47 407.70 Td (we ) Tj ET Q q 0 0 0 rg BT 207.52 407.70 Td (use ) Tj ET Q q 0 0 0 rg BT 222.23 407.70 Td (to ) Tj ET Q q 0 0 0 rg BT 231.40 407.70 Td (estimate ) Tj ET Q q 0 0 0 rg BT 266.10 407.70 Td (various ) Tj ET Q q 0 0 0 rg BT 296.93 407.70 Td (components ) Tj ET Q q 0 0 0 rg BT 346.64 407.70 Td (of ) Tj ET Q q 0 0 0 rg BT 356.36 407.70 Td (our ) Tj ET Q q 0 0 0 rg BT 371.08 407.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 402.99 407.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 424.93 407.70 Td (and ) Tj ET Q q 0 0 0 rg BT 440.75 407.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 492.68 407.70 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 395.70 Td (of ) Tj ET Q q 0 0 0 rg BT 93.84 395.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 140.01 395.70 Td (are ) Tj ET Q q 0 0 0 rg BT 156.73 395.70 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 205.66 395.70 Td (complex ) Tj ET Q q 0 0 0 rg BT 244.61 395.70 Td (and ) Tj ET Q q 0 0 0 rg BT 263.56 395.70 Td (involve ) Tj ET Q q 0 0 0 rg BT 298.07 395.70 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 341.45 395.70 Td (and ) Tj ET Q q 0 0 0 rg BT 360.40 395.70 Td (interpreting ) Tj ET Q q 0 0 0 rg BT 411.56 395.70 Td (lar) Tj ET Q q 0 0 0 rg BT 421.93 395.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 435.88 395.70 Td (quantities ) Tj ET Q q 0 0 0 rg BT 479.27 395.70 Td (of ) Tj ET Q q 0 0 0 rg BT 492.11 395.70 Td (data. ) Tj ET Q q 0 0 0 rg BT 515.45 395.70 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 383.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 132.75 383.70 Td (and ) Tj ET Q q 0 0 0 rg BT 149.50 383.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 189.02 383.70 Td (required ) Tj ET Q q 0 0 0 rg BT 224.64 383.70 Td (for ) Tj ET Q q 0 0 0 rg BT 238.60 383.70 Td (these ) Tj ET Q q 0 0 0 rg BT 261.46 383.70 Td (calculations ) Tj ET Q q 0 0 0 rg BT 311.52 383.70 Td (involve ) Tj ET Q q 0 0 0 rg BT 343.82 383.70 Td (judgment ) Tj ET Q q 0 0 0 rg BT 383.90 383.70 Td (and ) Tj ET Q q 0 0 0 rg BT 400.65 383.70 Td (by ) Tj ET Q q 0 0 0 rg BT 412.95 383.70 Td (their ) Tj ET Q q 0 0 0 rg BT 433.59 383.70 Td (nature ) Tj ET Q q 0 0 0 rg BT 460.88 383.70 Td (are ) Tj ET Q q 0 0 0 rg BT 475.39 383.70 Td (imprecise ) Tj ET Q q 0 0 0 rg BT 516.57 383.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 371.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.20 371.70 Td (to ) Tj ET Q q 0 0 0 rg BT 122.85 371.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 157.94 371.70 Td (and ) Tj ET Q q 0 0 0 rg BT 175.25 371.70 Td (revisions ) Tj ET Q q 0 0 0 rg BT 214.23 371.70 Td (over ) Tj ET Q q 0 0 0 rg BT 234.88 371.70 Td (time. ) Tj ET Q q 0 0 0 rg BT 257.82 371.70 Td (These ) Tj ET Q q 0 0 0 rg BT 284.57 371.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 336.89 371.70 Td (and ) Tj ET Q q 0 0 0 rg BT 354.21 371.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 394.29 371.70 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 442.70 371.70 Td (many ) Tj ET Q q 0 0 0 rg BT 467.79 371.70 Td (factors, ) Tj ET Q q 0 0 0 rg BT 500.37 371.70 Td (none ) Tj ET Q q 0 0 0 rg BT 522.69 371.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 359.70 Td (which ) Tj ET Q q 0 0 0 rg BT 108.38 359.70 Td (can ) Tj ET Q q 0 0 0 rg BT 125.20 359.70 Td (be ) Tj ET Q q 0 0 0 rg BT 137.58 359.70 Td (predicted ) Tj ET Q q 0 0 0 rg BT 177.72 359.70 Td (with ) Tj ET Q q 0 0 0 rg BT 198.44 359.70 Td (certainty) Tj ET Q q 0 0 0 rg BT 232.77 359.70 Td (. ) Tj ET Q q 0 0 0 rg BT 238.00 359.70 Td (T) Tj ET Q q 0 0 0 rg BT 243.41 359.70 Td (o ) Tj ET Q q 0 0 0 rg BT 251.35 359.70 Td (the ) Tj ET Q q 0 0 0 rg BT 266.51 359.70 Td (extent ) Tj ET Q q 0 0 0 rg BT 293.88 359.70 Td (our ) Tj ET Q q 0 0 0 rg BT 310.15 359.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 336.97 359.70 Td (experience ) Tj ET Q q 0 0 0 rg BT 383.21 359.70 Td (and ) Tj ET Q q 0 0 0 rg BT 400.59 359.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 435.73 359.70 Td (in ) Tj ET Q q 0 0 0 rg BT 446.45 359.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 486.61 359.70 Td (dif) Tj ET Q q 0 0 0 rg BT 497.53 359.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 511.57 359.70 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 347.70 Td (original ) Tj ET Q q 0 0 0 rg BT 114.89 347.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 154.88 347.70 Td (and ) Tj ET Q q 0 0 0 rg BT 172.11 347.70 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 226.84 347.70 Td (our ) Tj ET Q q 0 0 0 rg BT 242.96 347.70 Td (business, ) Tj ET Q q 0 0 0 rg BT 282.13 347.70 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 337.69 347.70 Td (Statement ) Tj ET Q q 0 0 0 rg BT 380.46 347.70 Td (of ) Tj ET Q q 0 0 0 rg BT 391.58 347.70 Td (Operations ) Tj ET Q q 0 0 0 rg BT 438.24 347.70 Td (and ) Tj ET Q q 0 0 0 rg BT 455.46 347.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 493.23 347.70 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 335.70 Td (may ) Tj ET Q q 0 0 0 rg BT 101.45 335.70 Td (be ) Tj ET Q q 0 0 0 rg BT 114.12 335.70 Td (materially ) Tj ET Q q 0 0 0 rg BT 157.89 335.70 Td (adversely ) Tj ET Q q 0 0 0 rg BT 199.43 335.70 Td (af) Tj ET Q q 0 0 0 rg BT 207.02 335.70 Td (fected. ) Tj ET Q q 0 0 0 rg BT 236.46 335.70 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 285.80 335.70 Td (, ) Tj ET Q q 0 0 0 rg BT 291.53 335.70 Td (our ) Tj ET Q q 0 0 0 rg BT 308.09 335.70 Td (results ) Tj ET Q q 0 0 0 rg BT 337.43 335.70 Td (may ) Tj ET Q q 0 0 0 rg BT 357.88 335.70 Td (be ) Tj ET Q q 0 0 0 rg BT 370.55 335.70 Td (adversely ) Tj ET Q q 0 0 0 rg BT 412.10 335.70 Td (af) Tj ET Q q 0 0 0 rg BT 419.69 335.70 Td (fected ) Tj ET Q q 0 0 0 rg BT 447.34 335.70 Td (by ) Tj ET Q q 0 0 0 rg BT 460.57 335.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 496.01 335.70 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 323.70 Td (from ) Tj ET Q q 0 0 0 rg BT 103.83 323.70 Td (implementing ) Tj ET Q q 0 0 0 rg BT 162.77 323.70 Td (more ) Tj ET Q q 0 0 0 rg BT 186.71 323.70 Td (sophisticated ) Tj ET Q q 0 0 0 rg BT 242.31 323.70 Td (administrative ) Tj ET Q q 0 0 0 rg BT 302.91 323.70 Td (systems ) Tj ET Q q 0 0 0 rg BT 337.97 323.70 Td (and ) Tj ET Q q 0 0 0 rg BT 355.80 323.70 Td (procedures ) Tj ET Q q 0 0 0 rg BT 403.06 323.70 Td (that ) Tj ET Q q 0 0 0 rg BT 421.44 323.70 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 459.81 323.70 Td (the ) Tj ET Q q 0 0 0 rg BT 475.42 323.70 Td (calculation ) Tj ET Q q 0 0 0 rg BT 522.67 323.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 311.70 Td (more ) Tj ET Q q 0 0 0 rg BT 104.05 311.70 Td (precise ) Tj ET Q q 0 0 0 rg BT 134.86 311.70 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 177.07 311.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 295.20 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 295.20 Td (e ) Tj ET Q q 0 0 0 rg BT 121.13 295.20 Td (have ) Tj ET Q q 0 0 0 rg BT 143.06 295.20 Td (minimal ) Tj ET Q q 0 0 0 rg BT 179.45 295.20 Td (experience ) Tj ET Q q 0 0 0 rg BT 225.81 295.20 Td (to ) Tj ET Q q 0 0 0 rg BT 236.64 295.20 Td (date ) Tj ET Q q 0 0 0 rg BT 256.35 295.20 Td (on ) Tj ET Q q 0 0 0 rg BT 269.41 295.20 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 323.00 295.20 Td (behavior ) Tj ET Q q 0 0 0 rg BT 361.05 295.20 Td (for ) Tj ET Q q 0 0 0 rg BT 375.76 295.20 Td (our ) Tj ET Q q 0 0 0 rg BT 392.15 295.20 Td (GMWB ) Tj ET Q q 0 0 0 rg BT 427.42 295.20 Td (products ) Tj ET Q q 0 0 0 rg BT 464.92 295.20 Td (which ) Tj ET Q q 0 0 0 rg BT 492.41 295.20 Td (we ) Tj ET Q q 0 0 0 rg BT 507.13 295.20 Td (began ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 283.20 Td (issuing ) Tj ET Q q 0 0 0 rg BT 112.17 283.20 Td (in ) Tj ET Q q 0 0 0 rg BT 122.78 283.20 Td (2008; ) Tj ET Q q 0 0 0 rg BT 148.38 283.20 Td (as ) Tj ET Q q 0 0 0 rg BT 159.54 283.20 Td (a ) Tj ET Q q 0 0 0 rg BT 166.81 283.20 Td (result, ) Tj ET Q q 0 0 0 rg BT 194.35 283.20 Td (future ) Tj ET Q q 0 0 0 rg BT 221.06 283.20 Td (experience ) Tj ET Q q 0 0 0 rg BT 267.19 283.20 Td (could ) Tj ET Q q 0 0 0 rg BT 292.23 283.20 Td (lead ) Tj ET Q q 0 0 0 rg BT 311.72 283.20 Td (to ) Tj ET Q q 0 0 0 rg BT 322.32 283.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 367.37 283.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 402.40 283.20 Td (in ) Tj ET Q q 0 0 0 rg BT 413.01 283.20 Td (our ) Tj ET Q q 0 0 0 rg BT 429.17 283.20 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 483.94 283.20 Td (If ) Tj ET Q q 0 0 0 rg BT 493.43 283.20 Td (emer) Tj ET Q q 0 0 0 rg BT 513.24 283.20 Td (ging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 271.20 Td (experience ) Tj ET Q q 0 0 0 rg BT 126.70 271.20 Td (deviates ) Tj ET Q q 0 0 0 rg BT 161.86 271.20 Td (from ) Tj ET Q q 0 0 0 rg BT 183.70 271.20 Td (our ) Tj ET Q q 0 0 0 rg BT 199.43 271.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 251.28 271.20 Td (on ) Tj ET Q q 0 0 0 rg BT 263.67 271.20 Td (GMWB ) Tj ET Q q 0 0 0 rg BT 298.30 271.20 Td (utilization, ) Tj ET Q q 0 0 0 rg BT 343.74 271.20 Td (it ) Tj ET Q q 0 0 0 rg BT 351.70 271.20 Td (could ) Tj ET Q q 0 0 0 rg BT 376.31 271.20 Td (have ) Tj ET Q q 0 0 0 rg BT 397.59 271.20 Td (a ) Tj ET Q q 0 0 0 rg BT 404.43 271.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 449.04 271.20 Td (ef) Tj ET Q q 0 0 0 rg BT 456.62 271.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 474.01 271.20 Td (on ) Tj ET Q q 0 0 0 rg BT 486.41 271.20 Td (our ) Tj ET Q q 0 0 0 rg BT 502.14 271.20 Td (reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 259.20 Td (levels ) Tj ET Q q 0 0 0 rg BT 106.89 259.20 Td (and ) Tj ET Q q 0 0 0 rg BT 123.90 259.20 Td (related ) Tj ET Q q 0 0 0 rg BT 153.67 259.20 Td (results ) Tj ET Q q 0 0 0 rg BT 182.34 259.20 Td (of ) Tj ET Q q 0 0 0 rg BT 193.24 259.20 Td (operations. ) Tj ET Q q 0 0 0 rg BT 239.96 259.20 Td (See ) Tj ET Q q 0 0 0 rg BT 256.97 259.20 Td (Management) Tj ET Q q 0 0 0 rg BT 316.39 259.20 Td (s ) Tj ET Q q 0 0 0 rg BT 322.85 259.20 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 369.31 259.20 Td (and ) Tj ET Q q 0 0 0 rg BT 385.75 259.20 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 423.31 259.20 Td (of ) Tj ET Q q 0 0 0 rg BT 434.21 259.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 473.99 259.20 Td (Condition ) Tj ET Q q 0 0 0 rg BT 516.56 259.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 247.20 Td (Results ) Tj ET Q q 0 0 0 rg BT 112.95 247.20 Td (of ) Tj ET Q q 0 0 0 rg BT 123.78 247.20 Td (Operations-Critical ) Tj ET Q q 0 0 0 rg BT 202.92 247.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 252.08 247.20 Td (Policies ) Tj ET Q q 0 0 0 rg BT 286.24 247.20 Td (and ) Tj ET Q q 0 0 0 rg BT 303.18 247.20 Td (Estimates. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 221.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 99.67 221.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 138.90 221.70 Td (condition ) Tj ET Q q 0 0 0 rg BT 179.79 221.70 Td (and ) Tj ET Q q 0 0 0 rg BT 197.35 221.70 Td (results ) Tj ET Q q 0 0 0 rg BT 226.58 221.70 Td (of ) Tj ET Q q 0 0 0 rg BT 236.91 221.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 282.25 221.70 Td (could ) Tj ET Q q 0 0 0 rg BT 307.03 221.70 Td (be ) Tj ET Q q 0 0 0 rg BT 318.46 221.70 Td (adversely ) Tj ET Q q 0 0 0 rg BT 358.78 221.70 Td (impacted ) Tj ET Q q 0 0 0 rg BT 397.99 221.70 Td (if ) Tj ET Q q 0 0 0 rg BT 406.10 221.70 Td (our ) Tj ET Q q 0 0 0 rg BT 422.55 221.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 475.68 221.70 Td (regarding ) Tj ET Q q 0 0 0 rg BT 518.24 221.70 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 209.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 98.50 209.70 Td (value ) Tj ET Q q 0 0 0 rg BT 123.22 209.70 Td (and ) Tj ET Q q 0 0 0 rg BT 141.28 209.70 Td (future ) Tj ET Q q 0 0 0 rg BT 169.34 209.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 224.61 209.70 Td (of ) Tj ET Q q 0 0 0 rg BT 235.44 209.70 Td (our ) Tj ET Q q 0 0 0 rg BT 252.39 209.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 303.23 209.70 Td (dif) Tj ET Q q 0 0 0 rg BT 314.15 209.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 328.31 209.70 Td (from ) Tj ET Q q 0 0 0 rg BT 350.81 209.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 378.87 209.70 Td (experience. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 193.20 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 193.20 Td (e ) Tj ET Q q 0 0 0 rg BT 121.19 193.20 Td (make ) Tj ET Q q 0 0 0 rg BT 145.96 193.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 198.52 193.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 239.94 193.20 Td (the ) Tj ET Q q 0 0 0 rg BT 255.27 193.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 272.26 193.20 Td (value ) Tj ET Q q 0 0 0 rg BT 297.03 193.20 Td (and ) Tj ET Q q 0 0 0 rg BT 314.58 193.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 353.22 193.20 Td (future ) Tj ET Q q 0 0 0 rg BT 380.21 193.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 433.84 193.20 Td (of ) Tj ET Q q 0 0 0 rg BT 445.29 193.20 Td (our ) Tj ET Q q 0 0 0 rg BT 461.73 193.20 Td (investments. ) Tj ET Q q 0 0 0 rg BT 515.11 193.20 Td (It ) Tj ET Q q 0 0 0 rg BT 524.33 193.20 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 181.20 Td (possible ) Tj ET Q q 0 0 0 rg BT 116.40 181.20 Td (that ) Tj ET Q q 0 0 0 rg BT 134.02 181.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 160.52 181.20 Td (values ) Tj ET Q q 0 0 0 rg BT 188.69 181.20 Td (will ) Tj ET Q q 0 0 0 rg BT 206.87 181.20 Td (dif) Tj ET Q q 0 0 0 rg BT 217.80 181.20 Td (fer ) Tj ET Q q 0 0 0 rg BT 231.52 181.20 Td (from ) Tj ET Q q 0 0 0 rg BT 253.59 181.20 Td (our ) Tj ET Q q 0 0 0 rg BT 269.54 181.20 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 324.11 181.20 Td (Such ) Tj ET Q q 0 0 0 rg BT 346.74 181.20 Td (events ) Tj ET Q q 0 0 0 rg BT 374.91 181.20 Td (could ) Tj ET Q q 0 0 0 rg BT 399.75 181.20 Td (result ) Tj ET Q q 0 0 0 rg BT 424.59 181.20 Td (in ) Tj ET Q q 0 0 0 rg BT 434.99 181.20 Td (a ) Tj ET Q q 0 0 0 rg BT 442.06 181.20 Td (material ) Tj ET Q q 0 0 0 rg BT 477.44 181.20 Td (change ) Tj ET Q q 0 0 0 rg BT 508.38 181.20 Td (in ) Tj ET Q q 0 0 0 rg BT 518.78 181.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 169.20 Td (value ) Tj ET Q q 0 0 0 rg BT 105.16 169.20 Td (of ) Tj ET Q q 0 0 0 rg BT 115.99 169.20 Td (our ) Tj ET Q q 0 0 0 rg BT 131.82 169.20 Td (investments, ) Tj ET Q q 0 0 0 rg BT 184.59 169.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 223.48 169.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 267.64 169.20 Td (and ) Tj ET Q q 0 0 0 rg BT 284.57 169.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 322.05 169.20 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 152.70 Td (For ) Tj ET Q q 0 0 0 rg BT 120.83 152.70 Td (example, ) Tj ET Q q 0 0 0 rg BT 159.15 152.70 Td (expectations ) Tj ET Q q 0 0 0 rg BT 211.07 152.70 Td (that ) Tj ET Q q 0 0 0 rg BT 228.01 152.70 Td (our ) Tj ET Q q 0 0 0 rg BT 243.29 152.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 293.00 152.70 Td (in ) Tj ET Q q 0 0 0 rg BT 302.72 152.70 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 332.46 152.70 Td (and ) Tj ET Q q 0 0 0 rg BT 348.84 152.70 Td (CMBS ) Tj ET Q q 0 0 0 rg BT 378.58 152.70 Td (will ) Tj ET Q q 0 0 0 rg BT 396.08 152.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 432.46 152.70 Td (to ) Tj ET Q q 0 0 0 rg BT 442.18 152.70 Td (perform ) Tj ET Q q 0 0 0 rg BT 476.33 152.70 Td (in ) Tj ET Q q 0 0 0 rg BT 486.05 152.70 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.70 Td (with ) Tj ET Q q 0 0 0 rg BT 101.46 140.70 Td (their ) Tj ET Q q 0 0 0 rg BT 122.47 140.70 Td (contractual ) Tj ET Q q 0 0 0 rg BT 169.57 140.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 194.47 140.70 Td (are ) Tj ET Q q 0 0 0 rg BT 209.36 140.70 Td (based ) Tj ET Q q 0 0 0 rg BT 234.81 140.70 Td (on ) Tj ET Q q 0 0 0 rg BT 247.50 140.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 299.63 140.70 Td (a ) Tj ET Q q 0 0 0 rg BT 306.75 140.70 Td (market ) Tj ET Q q 0 0 0 rg BT 337.20 140.70 Td (participant ) Tj ET Q q 0 0 0 rg BT 382.64 140.70 Td (would ) Tj ET Q q 0 0 0 rg BT 410.32 140.70 Td (use ) Tj ET Q q 0 0 0 rg BT 426.33 140.70 Td (in ) Tj ET Q q 0 0 0 rg BT 436.80 140.70 Td (determining ) Tj ET Q q 0 0 0 rg BT 487.80 140.70 Td (the ) Tj ET Q q 0 0 0 rg BT 502.70 140.70 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 128.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 97.50 128.70 Td (value ) Tj ET Q q 0 0 0 rg BT 121.78 128.70 Td (and ) Tj ET Q q 0 0 0 rg BT 138.84 128.70 Td (considering ) Tj ET Q q 0 0 0 rg BT 188.11 128.70 Td (the ) Tj ET Q q 0 0 0 rg BT 202.95 128.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 256.10 128.70 Td (of ) Tj ET Q q 0 0 0 rg BT 267.05 128.70 Td (the ) Tj ET Q q 0 0 0 rg BT 281.89 128.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 327.84 128.70 Td (assets. ) Tj ET Q q 0 0 0 rg BT 356.10 128.70 Td (W) Tj ET Q q 0 0 0 rg BT 364.74 128.70 Td (e ) Tj ET Q q 0 0 0 rg BT 371.80 128.70 Td (have ) Tj ET Q q 0 0 0 rg BT 393.30 128.70 Td (non-agency ) Tj ET Q q 0 0 0 rg BT 442.56 128.70 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 472.98 128.70 Td (holdings ) Tj ET Q q 0 0 0 rg BT 510.05 128.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 128.70 Td ($1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 116.70 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.11 116.70 Td ( ) Tj ET Q q 0 0 0 rg BT 110.71 116.70 Td (as ) Tj ET Q q 0 0 0 rg BT 122.64 116.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.57 116.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 195.94 116.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.94 116.70 Td (. ) Tj ET Q q 0 0 0 rg BT 222.04 116.70 Td (It ) Tj ET Q q 0 0 0 rg BT 231.75 116.70 Td (is ) Tj ET Q q 0 0 0 rg BT 242.02 116.70 Td (possible ) Tj ET Q q 0 0 0 rg BT 278.39 116.70 Td (that ) Tj ET Q q 0 0 0 rg BT 296.99 116.70 Td (the ) Tj ET Q q 0 0 0 rg BT 312.81 116.70 Td (collateral ) Tj ET Q q 0 0 0 rg BT 353.60 116.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 400.53 116.70 Td (these ) Tj ET Q q 0 0 0 rg BT 424.68 116.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 476.05 116.70 Td (will ) Tj ET Q q 0 0 0 rg BT 495.21 116.70 Td (not ) Tj ET Q q 0 0 0 rg BT 511.58 116.70 Td (meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 104.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 133.79 104.70 Td (expectations ) Tj ET Q q 0 0 0 rg BT 186.03 104.70 Td (and ) Tj ET Q q 0 0 0 rg BT 202.74 104.70 Td (the ) Tj ET Q q 0 0 0 rg BT 217.22 104.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 242.25 104.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 295.04 104.70 Td (levels ) Tj ET Q q 0 0 0 rg BT 320.63 104.70 Td (may ) Tj ET Q q 0 0 0 rg BT 340.12 104.70 Td (lead ) Tj ET Q q 0 0 0 rg BT 359.04 104.70 Td (to ) Tj ET Q q 0 0 0 rg BT 369.08 104.70 Td (adverse ) Tj ET Q q 0 0 0 rg BT 401.88 104.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 436.36 104.70 Td (in ) Tj ET Q q 0 0 0 rg BT 446.40 104.70 Td (the ) Tj ET Q q 0 0 0 rg BT 460.88 104.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 480.92 104.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 505.40 104.70 Td (on ) Tj ET Q q 0 0 0 rg BT 517.67 104.70 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.70 Td (holdings ) Tj ET Q q 0 0 0 rg BT 116.94 92.70 Td (of ) Tj ET Q q 0 0 0 rg BT 126.76 92.70 Td (these ) Tj ET Q q 0 0 0 rg BT 148.80 92.70 Td (types ) Tj ET Q q 0 0 0 rg BT 171.40 92.70 Td (of ) Tj ET Q q 0 0 0 rg BT 181.22 92.70 Td (securities. ) Tj ET Q q 0 0 0 rg BT 222.87 92.70 Td (This ) Tj ET Q q 0 0 0 rg BT 242.14 92.70 Td (could ) Tj ET Q q 0 0 0 rg BT 265.85 92.70 Td (lead ) Tj ET Q q 0 0 0 rg BT 284.00 92.70 Td (to ) Tj ET Q q 0 0 0 rg BT 293.27 92.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 329.75 92.70 Td (future ) Tj ET Q q 0 0 0 rg BT 355.12 92.70 Td (other) Tj ET Q q 0 0 0 rg BT 375.46 92.70 Td (-than-temporary ) Tj ET Q q 0 0 0 rg BT 441.92 92.70 Td (impairments ) Tj ET Q q 0 0 0 rg BT 493.41 92.70 Td (\("OTTI"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.70 Td (within ) Tj ET Q q 0 0 0 rg BT 109.60 80.70 Td (our ) Tj ET Q q 0 0 0 rg BT 125.98 80.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 164.02 80.70 Td (of ) Tj ET Q q 0 0 0 rg BT 175.39 80.70 Td (these ) Tj ET Q q 0 0 0 rg BT 198.98 80.70 Td (securities. ) Tj ET Q q 0 0 0 rg BT 242.29 80.70 Td (In ) Tj ET Q q 0 0 0 rg BT 253.66 80.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 291.98 80.70 Td (expectations ) Tj ET Q q 0 0 0 rg BT 345.01 80.70 Td (that ) Tj ET Q q 0 0 0 rg BT 363.05 80.70 Td (our ) Tj ET Q q 0 0 0 rg BT 379.42 80.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 430.24 80.70 Td (in ) Tj ET Q q 0 0 0 rg BT 441.06 80.70 Td (corporate ) Tj ET Q q 0 0 0 rg BT 481.86 80.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 522.67 80.70 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 68.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 99.96 68.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 146.15 68.70 Td (will ) Tj ET Q q 0 0 0 rg BT 163.46 68.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 199.64 68.70 Td (to ) Tj ET Q q 0 0 0 rg BT 209.16 68.70 Td (perform ) Tj ET Q q 0 0 0 rg BT 243.12 68.70 Td (in ) Tj ET Q q 0 0 0 rg BT 252.64 68.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 299.35 68.70 Td (with ) Tj ET Q q 0 0 0 rg BT 318.88 68.70 Td (their ) Tj ET Q q 0 0 0 rg BT 338.95 68.70 Td (contractual ) Tj ET Q q 0 0 0 rg BT 385.12 68.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 409.08 68.70 Td (are ) Tj ET Q q 0 0 0 rg BT 423.03 68.70 Td (based ) Tj ET Q q 0 0 0 rg BT 447.55 68.70 Td (on ) Tj ET Q q 0 0 0 rg BT 459.30 68.70 Td (evidence ) Tj ET Q q 0 0 0 rg BT 496.58 68.70 Td (gathered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 56.70 Td (through ) Tj ET Q q 0 0 0 rg BT 114.42 56.70 Td (our ) Tj ET Q q 0 0 0 rg BT 130.06 56.70 Td (normal ) Tj ET Q q 0 0 0 rg BT 160.70 56.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 185.78 56.70 Td (surveillance ) Tj ET Q q 0 0 0 rg BT 236.40 56.70 Td (process. ) Tj ET Q q 0 0 0 rg BT 271.20 56.70 Td (It ) Tj ET Q q 0 0 0 rg BT 279.62 56.70 Td (is ) Tj ET Q q 0 0 0 rg BT 288.60 56.70 Td (possible ) Tj ET Q q 0 0 0 rg BT 323.69 56.70 Td (that ) Tj ET Q q 0 0 0 rg BT 341.00 56.70 Td (issuers ) Tj ET Q q 0 0 0 rg BT 370.53 56.70 Td (of ) Tj ET Q q 0 0 0 rg BT 381.18 56.70 Td (corporate ) Tj ET Q q 0 0 0 rg BT 421.24 56.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 461.32 56.70 Td (in ) Tj ET Q q 0 0 0 rg BT 471.41 56.70 Td (which ) Tj ET Q q 0 0 0 rg BT 498.16 56.70 Td (we ) Tj ET Q q 0 0 0 rg BT 512.13 56.70 Td (have ) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 116.23 735.60 Td (will ) Tj ET Q q 0 0 0 rg BT 133.69 735.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 167.79 735.60 Td (worse ) Tj ET Q q 0 0 0 rg BT 193.58 735.60 Td (than ) Tj ET Q q 0 0 0 rg BT 212.70 735.60 Td (current ) Tj ET Q q 0 0 0 rg BT 242.91 735.60 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 297.30 735.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 319.20 735.60 Td (events ) Tj ET Q q 0 0 0 rg BT 346.65 735.60 Td (may ) Tj ET Q q 0 0 0 rg BT 365.77 735.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 384.32 735.60 Td (us ) Tj ET Q q 0 0 0 rg BT 395.12 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 404.80 735.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 445.56 735.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 482.45 735.60 Td (future ) Tj ET Q q 0 0 0 rg BT 508.23 735.60 Td (OTTI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (within ) Tj ET Q q 0 0 0 rg BT 108.48 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 123.73 723.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 160.65 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 170.90 723.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 210.58 723.60 Td (securities. ) Tj ET Q q 0 0 0 rg BT 252.63 723.60 Td (W) Tj ET Q q 0 0 0 rg BT 261.27 723.60 Td (e ) Tj ET Q q 0 0 0 rg BT 267.63 723.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 304.52 723.60 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 329.22 723.60 Td (char) Tj ET Q q 0 0 0 rg BT 346.24 723.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 361.50 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 371.75 723.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.43 723.60 Td ($44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.43 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 448.35 723.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.71 723.60 Td ($82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.71 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 481.64 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 495.22 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 509.36 723.60 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (years ) Tj ET Q q 0 0 0 rg BT 104.93 711.60 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.81 711.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.63 711.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 192.23 711.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.23 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 215.06 711.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.33 711.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.33 711.60 Td (, ) Tj ET Q q 0 0 0 rg BT 257.66 711.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 305.32 711.60 Td (. ) Tj ET Q q 0 0 0 rg BT 310.65 711.60 Td (It ) Tj ET Q q 0 0 0 rg BT 319.58 711.60 Td (is ) Tj ET Q q 0 0 0 rg BT 329.08 711.60 Td (also ) Tj ET Q q 0 0 0 rg BT 348.02 711.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 383.63 711.60 Td (that ) Tj ET Q q 0 0 0 rg BT 401.45 711.60 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 458.15 711.60 Td (events ) Tj ET Q q 0 0 0 rg BT 486.53 711.60 Td (would ) Tj ET Q q 0 0 0 rg BT 514.36 711.60 Td (lead ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (us ) Tj ET Q q 0 0 0 rg BT 93.18 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 104.25 699.60 Td (dispose ) Tj ET Q q 0 0 0 rg BT 137.54 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.16 699.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 179.65 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.27 699.60 Td (those ) Tj ET Q q 0 0 0 rg BT 215.67 699.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 253.41 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.14 699.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 313.29 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.80 699.60 Td (ef) Tj ET Q q 0 0 0 rg BT 336.38 699.60 Td (fects ) Tj ET Q q 0 0 0 rg BT 358.55 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 370.17 699.60 Td (any ) Tj ET Q q 0 0 0 rg BT 387.90 699.60 Td (market ) Tj ET Q q 0 0 0 rg BT 418.95 699.60 Td (movements ) Tj ET Q q 0 0 0 rg BT 468.35 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 479.42 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 496.04 699.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (statements. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 662.10 Td (A) Tj ET Q q 0 0 0 rg BT 87.12 662.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.49 662.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 129.09 662.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 165.37 662.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 196.65 662.10 Td (downgrade, ) Tj ET Q q 0 0 0 rg BT 247.08 662.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 285.57 662.10 Td (downgrade, ) Tj ET Q q 0 0 0 rg BT 336.01 662.10 Td (or ) Tj ET Q q 0 0 0 rg BT 347.27 662.10 Td (any ) Tj ET Q q 0 0 0 rg BT 364.65 662.10 Td (other ) Tj ET Q q 0 0 0 rg BT 388.69 662.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 425.50 662.10 Td (action ) Tj ET Q q 0 0 0 rg BT 453.43 662.10 Td (by ) Tj ET Q q 0 0 0 rg BT 465.24 662.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.62 662.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 500.00 662.10 Td (agency) Tj ET Q q 0 0 0 rg BT 528.51 662.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 650.10 Td (could ) Tj ET Q q 0 0 0 rg BT 106.39 650.10 Td (make ) Tj ET Q q 0 0 0 rg BT 131.22 650.10 Td (our ) Tj ET Q q 0 0 0 rg BT 148.29 650.10 Td (product ) Tj ET Q q 0 0 0 rg BT 182.57 650.10 Td (of) Tj ET Q q 0 0 0 rg BT 190.72 650.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 222.22 650.10 Td (less ) Tj ET Q q 0 0 0 rg BT 239.83 650.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 280.77 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.94 650.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 335.99 650.10 Td (our ) Tj ET Q q 0 0 0 rg BT 353.06 650.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 371.78 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.72 650.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 415.60 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.78 650.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 466.94 650.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 507.87 650.10 Td (af) Tj ET Q q 0 0 0 rg BT 516.01 650.10 Td (fect ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 97.95 638.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.68 638.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 179.08 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.14 638.10 Td (results ) Tj ET Q q 0 0 0 rg BT 226.87 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.70 638.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 621.60 Td (V) Tj ET Q q 0 0 0 rg BT 111.11 621.60 Td (arious ) Tj ET Q q 0 0 0 rg BT 138.40 621.60 Td (nationally ) Tj ET Q q 0 0 0 rg BT 181.25 621.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 227.96 621.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 254.14 621.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 291.41 621.60 Td (review ) Tj ET Q q 0 0 0 rg BT 321.47 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.54 621.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.37 621.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 427.74 621.60 Td (and ) Tj ET Q q 0 0 0 rg BT 445.03 621.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 485.66 621.60 Td (of ) Tj ET Q q 0 0 0 rg BT 496.84 621.60 Td (insurers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 609.60 Td (including ) Tj ET Q q 0 0 0 rg BT 120.66 609.60 Td (our ) Tj ET Q q 0 0 0 rg BT 135.88 609.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 176.09 609.60 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 227.69 609.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.02 609.60 Td (publish ) Tj ET Q q 0 0 0 rg BT 275.36 609.60 Td (their ) Tj ET Q q 0 0 0 rg BT 295.58 609.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 332.45 609.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 366.55 609.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 395.66 609.60 Td (as ) Tj ET Q q 0 0 0 rg BT 405.88 609.60 Td (indicators ) Tj ET Q q 0 0 0 rg BT 447.20 609.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.42 609.60 Td (an ) Tj ET Q q 0 0 0 rg BT 468.75 609.60 Td (insurer) Tj ET Q q 0 0 0 rg BT 496.89 609.60 Td () Tj ET Q q 0 0 0 rg BT 499.67 609.60 Td (s ) Tj ET Q q 0 0 0 rg BT 505.45 609.60 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 597.60 Td (to ) Tj ET Q q 0 0 0 rg BT 90.83 597.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 112.32 597.60 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 164.91 597.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.40 597.60 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 241.20 597.60 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 290.05 597.60 Td (These ) Tj ET Q q 0 0 0 rg BT 315.98 597.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 345.25 597.60 Td (are ) Tj ET Q q 0 0 0 rg BT 359.51 597.60 Td (important ) Tj ET Q q 0 0 0 rg BT 400.44 597.60 Td (to ) Tj ET Q q 0 0 0 rg BT 410.27 597.60 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 460.09 597.60 Td (public ) Tj ET Q q 0 0 0 rg BT 487.14 597.60 Td (confidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 585.60 Td (in ) Tj ET Q q 0 0 0 rg BT 90.90 585.60 Td (our ) Tj ET Q q 0 0 0 rg BT 106.36 585.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 145.42 585.60 Td (our ) Tj ET Q q 0 0 0 rg BT 160.88 585.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 188.56 585.60 Td (to ) Tj ET Q q 0 0 0 rg BT 198.46 585.60 Td (market ) Tj ET Q q 0 0 0 rg BT 228.35 585.60 Td (our ) Tj ET Q q 0 0 0 rg BT 243.80 585.60 Td (products ) Tj ET Q q 0 0 0 rg BT 280.37 585.60 Td (and ) Tj ET Q q 0 0 0 rg BT 296.93 585.60 Td (our ) Tj ET Q q 0 0 0 rg BT 312.39 585.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 361.72 585.60 Td (position. ) Tj ET Q q 0 0 0 rg BT 398.10 585.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 417.45 585.60 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 464.00 585.60 Td (or ) Tj ET Q q 0 0 0 rg BT 474.46 585.60 Td (other ) Tj ET Q q 0 0 0 rg BT 497.13 585.60 Td (negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 573.60 Td (action ) Tj ET Q q 0 0 0 rg BT 108.00 573.60 Td (by ) Tj ET Q q 0 0 0 rg BT 120.58 573.60 Td (a ) Tj ET Q q 0 0 0 rg BT 127.58 573.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 153.48 573.60 Td (agency ) Tj ET Q q 0 0 0 rg BT 184.37 573.60 Td (with ) Tj ET Q q 0 0 0 rg BT 204.72 573.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 235.60 573.60 Td (to ) Tj ET Q q 0 0 0 rg BT 245.95 573.60 Td (the ) Tj ET Q q 0 0 0 rg BT 260.74 573.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.29 573.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 333.08 573.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 362.87 573.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.77 573.60 Td (our ) Tj ET Q q 0 0 0 rg BT 389.67 573.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 430.55 573.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 480.34 573.60 Td (could ) Tj ET Q q 0 0 0 rg BT 505.13 573.60 Td (have ) Tj ET Q q 0 0 0 rg BT 526.58 573.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 561.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 124.04 561.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 157.07 561.60 Td (ef) Tj ET Q q 0 0 0 rg BT 164.66 561.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 182.15 561.60 Td (on ) Tj ET Q q 0 0 0 rg BT 194.65 561.60 Td (us ) Tj ET Q q 0 0 0 rg BT 206.04 561.60 Td (in ) Tj ET Q q 0 0 0 rg BT 216.32 561.60 Td (many ) Tj ET Q q 0 0 0 rg BT 241.03 561.60 Td (ways, ) Tj ET Q q 0 0 0 rg BT 266.59 561.60 Td (including ) Tj ET Q q 0 0 0 rg BT 306.86 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.58 561.60 Td (following: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 545.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 545.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 157.14 545.10 Td (af) Tj ET Q q 0 0 0 rg BT 164.73 545.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 194.32 545.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 247.25 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 266.85 545.10 Td (distributors, ) Tj ET Q q 0 0 0 rg BT 316.73 545.10 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 341.89 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.16 545.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 379.42 545.10 Td (agents, ) Tj ET Q q 0 0 0 rg BT 409.29 545.10 Td (which ) Tj ET Q q 0 0 0 rg BT 435.55 545.10 Td (could ) Tj ET Q q 0 0 0 rg BT 459.60 545.10 Td (result ) Tj ET Q q 0 0 0 rg BT 483.64 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.24 545.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 533.10 Td (sales; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 516.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 516.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 160.59 516.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.31 516.60 Td (number ) Tj ET Q q 0 0 0 rg BT 208.36 516.60 Td (or ) Tj ET Q q 0 0 0 rg BT 219.19 516.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 251.68 516.60 Td (of ) Tj ET Q q 0 0 0 rg BT 262.51 516.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 290.01 516.60 Td (lapses ) Tj ET Q q 0 0 0 rg BT 316.95 516.60 Td (or ) Tj ET Q q 0 0 0 rg BT 327.78 516.60 Td (surrenders ) Tj ET Q q 0 0 0 rg BT 371.93 516.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.87 516.60 Td (withdrawals ) Tj ET Q q 0 0 0 rg BT 440.24 516.60 Td (of ) Tj ET Q q 0 0 0 rg BT 451.07 516.60 Td (funds; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 500.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 500.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 156.16 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.09 500.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 203.36 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.64 500.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 240.01 500.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.17 500.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.00 500.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 310.82 500.10 Td (products ) Tj ET Q q 0 0 0 rg BT 347.76 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.70 500.10 Td (services ) Tj ET Q q 0 0 0 rg BT 399.40 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.68 500.10 Td (order ) Tj ET Q q 0 0 0 rg BT 433.28 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.56 500.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 473.82 500.10 Td (competitive; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 483.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 483.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 157.97 483.60 Td (af) Tj ET Q q 0 0 0 rg BT 165.55 483.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 195.97 483.60 Td (our ) Tj ET Q q 0 0 0 rg BT 211.95 483.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 240.15 483.60 Td (to ) Tj ET Q q 0 0 0 rg BT 250.58 483.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 278.23 483.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 326.97 483.60 Td (at ) Tj ET Q q 0 0 0 rg BT 336.83 483.60 Td (a ) Tj ET Q q 0 0 0 rg BT 343.92 483.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 389.33 483.60 Td (price, ) Tj ET Q q 0 0 0 rg BT 414.47 483.60 Td (on ) Tj ET Q q 0 0 0 rg BT 427.12 483.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 472.52 483.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 497.39 483.60 Td (or ) Tj ET Q q 0 0 0 rg BT 508.37 483.60 Td (at ) Tj ET Q q 0 0 0 rg BT 518.24 483.60 Td (all; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 471.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 455.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 455.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 159.31 455.10 Td (us ) Tj ET Q q 0 0 0 rg BT 173.86 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.29 455.10 Td (collateralize ) Tj ET Q q 0 0 0 rg BT 241.80 455.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 282.71 455.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 322.79 455.10 Td (or ) Tj ET Q q 0 0 0 rg BT 336.77 455.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 386.87 455.10 Td (under ) Tj ET Q q 0 0 0 rg BT 415.30 455.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 467.03 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.13 455.10 Td (derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 443.10 Td (agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 424.35 Td (Rating ) Tj ET Q q 0 0 0 rg BT 134.79 424.35 Td (agencies ) Tj ET Q q 0 0 0 rg BT 172.34 424.35 Td (assign ) Tj ET Q q 0 0 0 rg BT 200.46 424.35 Td (ratings ) Tj ET Q q 0 0 0 rg BT 230.80 424.35 Td (based ) Tj ET Q q 0 0 0 rg BT 256.69 424.35 Td (upon ) Tj ET Q q 0 0 0 rg BT 279.82 424.35 Td (several ) Tj ET Q q 0 0 0 rg BT 311.26 424.35 Td (factors. ) Tj ET Q q 0 0 0 rg BT 343.86 424.35 Td (While ) Tj ET Q q 0 0 0 rg BT 371.42 424.35 Td (most ) Tj ET Q q 0 0 0 rg BT 393.99 424.35 Td (of ) Tj ET Q q 0 0 0 rg BT 405.45 424.35 Td (these ) Tj ET Q q 0 0 0 rg BT 429.12 424.35 Td (factors ) Tj ET Q q 0 0 0 rg BT 459.45 424.35 Td (relate ) Tj ET Q q 0 0 0 rg BT 484.77 424.35 Td (to ) Tj ET Q q 0 0 0 rg BT 495.68 424.35 Td (the ) Tj ET Q q 0 0 0 rg BT 511.02 424.35 Td (rated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 412.35 Td (company) Tj ET Q q 0 0 0 rg BT 117.01 412.35 Td (, ) Tj ET Q q 0 0 0 rg BT 122.34 412.35 Td (some ) Tj ET Q q 0 0 0 rg BT 146.29 412.35 Td (factors ) Tj ET Q q 0 0 0 rg BT 176.34 412.35 Td (relate ) Tj ET Q q 0 0 0 rg BT 201.38 412.35 Td (to ) Tj ET Q q 0 0 0 rg BT 211.99 412.35 Td (the ) Tj ET Q q 0 0 0 rg BT 227.05 412.35 Td (views ) Tj ET Q q 0 0 0 rg BT 253.22 412.35 Td (of ) Tj ET Q q 0 0 0 rg BT 264.39 412.35 Td (the ) Tj ET Q q 0 0 0 rg BT 279.44 412.35 Td (rating ) Tj ET Q q 0 0 0 rg BT 305.60 412.35 Td (agency) Tj ET Q q 0 0 0 rg BT 333.27 412.35 Td (, ) Tj ET Q q 0 0 0 rg BT 338.61 412.35 Td (general ) Tj ET Q q 0 0 0 rg BT 370.87 412.35 Td (economic ) Tj ET Q q 0 0 0 rg BT 412.58 412.35 Td (conditions ) Tj ET Q q 0 0 0 rg BT 457.08 412.35 Td (and ) Tj ET Q q 0 0 0 rg BT 474.36 412.35 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 400.35 Td (outside ) Tj ET Q q 0 0 0 rg BT 112.85 400.35 Td (the ) Tj ET Q q 0 0 0 rg BT 128.02 400.35 Td (rated ) Tj ET Q q 0 0 0 rg BT 150.97 400.35 Td (company) Tj ET Q q 0 0 0 rg BT 190.40 400.35 Td (s ) Tj ET Q q 0 0 0 rg BT 197.25 400.35 Td (control. ) Tj ET Q q 0 0 0 rg BT 231.03 400.35 Td (In ) Tj ET Q q 0 0 0 rg BT 242.32 400.35 Td (addition, ) Tj ET Q q 0 0 0 rg BT 280.56 400.35 Td (rating ) Tj ET Q q 0 0 0 rg BT 306.84 400.35 Td (agencies ) Tj ET Q q 0 0 0 rg BT 344.22 400.35 Td (use ) Tj ET Q q 0 0 0 rg BT 360.51 400.35 Td (various ) Tj ET Q q 0 0 0 rg BT 392.91 400.35 Td (models ) Tj ET Q q 0 0 0 rg BT 424.75 400.35 Td (and ) Tj ET Q q 0 0 0 rg BT 442.15 400.35 Td (formulas ) Tj ET Q q 0 0 0 rg BT 480.66 400.35 Td (to ) Tj ET Q q 0 0 0 rg BT 491.40 400.35 Td (assess ) Tj ET Q q 0 0 0 rg BT 518.80 400.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 388.35 Td (strength ) Tj ET Q q 0 0 0 rg BT 115.29 388.35 Td (of ) Tj ET Q q 0 0 0 rg BT 125.70 388.35 Td (a ) Tj ET Q q 0 0 0 rg BT 132.21 388.35 Td (rated ) Tj ET Q q 0 0 0 rg BT 154.27 388.35 Td (company) Tj ET Q q 0 0 0 rg BT 190.28 388.35 Td (, ) Tj ET Q q 0 0 0 rg BT 194.85 388.35 Td (and ) Tj ET Q q 0 0 0 rg BT 211.37 388.35 Td (from ) Tj ET Q q 0 0 0 rg BT 232.88 388.35 Td (time ) Tj ET Q q 0 0 0 rg BT 252.73 388.35 Td (to ) Tj ET Q q 0 0 0 rg BT 262.58 388.35 Td (time ) Tj ET Q q 0 0 0 rg BT 282.43 388.35 Td (rating ) Tj ET Q q 0 0 0 rg BT 307.83 388.35 Td (agencies ) Tj ET Q q 0 0 0 rg BT 344.33 388.35 Td (have, ) Tj ET Q q 0 0 0 rg BT 367.78 388.35 Td (in ) Tj ET Q q 0 0 0 rg BT 377.64 388.35 Td (their ) Tj ET Q q 0 0 0 rg BT 398.04 388.35 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 442.04 388.35 Td (altered ) Tj ET Q q 0 0 0 rg BT 471.32 388.35 Td (the ) Tj ET Q q 0 0 0 rg BT 485.61 388.35 Td (models ) Tj ET Q q 0 0 0 rg BT 516.58 388.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 376.35 Td (may ) Tj ET Q q 0 0 0 rg BT 100.66 376.35 Td (do ) Tj ET Q q 0 0 0 rg BT 113.11 376.35 Td (so ) Tj ET Q q 0 0 0 rg BT 124.44 376.35 Td (in ) Tj ET Q q 0 0 0 rg BT 134.67 376.35 Td (the ) Tj ET Q q 0 0 0 rg BT 149.33 376.35 Td (future ) Tj ET Q q 0 0 0 rg BT 175.65 376.35 Td (in ) Tj ET Q q 0 0 0 rg BT 185.88 376.35 Td (ways ) Tj ET Q q 0 0 0 rg BT 208.87 376.35 Td (that ) Tj ET Q q 0 0 0 rg BT 226.31 376.35 Td (negatively ) Tj ET Q q 0 0 0 rg BT 270.41 376.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 300.07 376.35 Td (the ) Tj ET Q q 0 0 0 rg BT 314.73 376.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 352.15 376.35 Td (strength ) Tj ET Q q 0 0 0 rg BT 386.82 376.35 Td (ratings ) Tj ET Q q 0 0 0 rg BT 416.48 376.35 Td (of ) Tj ET Q q 0 0 0 rg BT 427.25 376.35 Td (our ) Tj ET Q q 0 0 0 rg BT 443.03 376.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 483.79 376.35 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 364.35 Td (and ) Tj ET Q q 0 0 0 rg BT 97.69 364.35 Td (make ) Tj ET Q q 0 0 0 rg BT 121.60 364.35 Td (it ) Tj ET Q q 0 0 0 rg BT 129.42 364.35 Td (more ) Tj ET Q q 0 0 0 rg BT 152.22 364.35 Td (dif) Tj ET Q q 0 0 0 rg BT 163.14 364.35 Td (ficult ) Tj ET Q q 0 0 0 rg BT 186.50 364.35 Td (to ) Tj ET Q q 0 0 0 rg BT 196.54 364.35 Td (maintain ) Tj ET Q q 0 0 0 rg BT 233.78 364.35 Td (or ) Tj ET Q q 0 0 0 rg BT 244.37 364.35 Td (obtain ) Tj ET Q q 0 0 0 rg BT 271.62 364.35 Td (comparable ) Tj ET Q q 0 0 0 rg BT 320.51 364.35 Td (ratings ) Tj ET Q q 0 0 0 rg BT 349.98 364.35 Td (going ) Tj ET Q q 0 0 0 rg BT 375.02 364.35 Td (forward. ) Tj ET Q q 0 0 0 rg BT 410.92 364.35 Td (As ) Tj ET Q q 0 0 0 rg BT 424.29 364.35 Td (rating ) Tj ET Q q 0 0 0 rg BT 449.87 364.35 Td (agencies ) Tj ET Q q 0 0 0 rg BT 486.55 364.35 Td (continue ) Tj ET Q q 0 0 0 rg BT 523.24 364.35 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 352.35 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 117.12 352.35 Td (the ) Tj ET Q q 0 0 0 rg BT 132.14 352.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 169.93 352.35 Td (services ) Tj ET Q q 0 0 0 rg BT 204.95 352.35 Td (industry) Tj ET Q q 0 0 0 rg BT 237.07 352.35 Td (, ) Tj ET Q q 0 0 0 rg BT 242.38 352.35 Td (it ) Tj ET Q q 0 0 0 rg BT 250.75 352.35 Td (is ) Tj ET Q q 0 0 0 rg BT 260.22 352.35 Td (possible ) Tj ET Q q 0 0 0 rg BT 295.81 352.35 Td (that ) Tj ET Q q 0 0 0 rg BT 313.61 352.35 Td (rating ) Tj ET Q q 0 0 0 rg BT 339.75 352.35 Td (agencies ) Tj ET Q q 0 0 0 rg BT 376.98 352.35 Td (will ) Tj ET Q q 0 0 0 rg BT 395.34 352.35 Td (heighten ) Tj ET Q q 0 0 0 rg BT 432.58 352.35 Td (the ) Tj ET Q q 0 0 0 rg BT 447.61 352.35 Td (level ) Tj ET Q q 0 0 0 rg BT 469.85 352.35 Td (of ) Tj ET Q q 0 0 0 rg BT 480.99 352.35 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 516.01 352.35 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 340.35 Td (they ) Tj ET Q q 0 0 0 rg BT 101.34 340.35 Td (apply ) Tj ET Q q 0 0 0 rg BT 126.68 340.35 Td (to ) Tj ET Q q 0 0 0 rg BT 137.58 340.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.68 340.35 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 225.75 340.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 261.63 340.35 Td (the ) Tj ET Q q 0 0 0 rg BT 276.97 340.35 Td (frequency ) Tj ET Q q 0 0 0 rg BT 320.06 340.35 Td (and ) Tj ET Q q 0 0 0 rg BT 337.62 340.35 Td (scope ) Tj ET Q q 0 0 0 rg BT 363.51 340.35 Td (of ) Tj ET Q q 0 0 0 rg BT 374.97 340.35 Td (their ) Tj ET Q q 0 0 0 rg BT 396.41 340.35 Td (credit ) Tj ET Q q 0 0 0 rg BT 422.30 340.35 Td (reviews, ) Tj ET Q q 0 0 0 rg BT 459.02 340.35 Td (request ) Tj ET Q q 0 0 0 rg BT 491.02 340.35 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 328.35 Td (information ) Tj ET Q q 0 0 0 rg BT 131.15 328.35 Td (from ) Tj ET Q q 0 0 0 rg BT 153.52 328.35 Td (the ) Tj ET Q q 0 0 0 rg BT 168.68 328.35 Td (companies ) Tj ET Q q 0 0 0 rg BT 214.38 328.35 Td (that ) Tj ET Q q 0 0 0 rg BT 232.31 328.35 Td (they ) Tj ET Q q 0 0 0 rg BT 252.46 328.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 270.38 328.35 Td (and ) Tj ET Q q 0 0 0 rg BT 287.75 328.35 Td (potentially ) Tj ET Q q 0 0 0 rg BT 333.46 328.35 Td (adjust ) Tj ET Q q 0 0 0 rg BT 360.28 328.35 Td (upward ) Tj ET Q q 0 0 0 rg BT 393.21 328.35 Td (the ) Tj ET Q q 0 0 0 rg BT 408.36 328.35 Td (capital ) Tj ET Q q 0 0 0 rg BT 437.95 328.35 Td (and ) Tj ET Q q 0 0 0 rg BT 455.32 328.35 Td (other ) Tj ET Q q 0 0 0 rg BT 478.81 328.35 Td (requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 316.35 Td (employed ) Tj ET Q q 0 0 0 rg BT 122.86 316.35 Td (in ) Tj ET Q q 0 0 0 rg BT 133.07 316.35 Td (the ) Tj ET Q q 0 0 0 rg BT 147.72 316.35 Td (rating ) Tj ET Q q 0 0 0 rg BT 173.48 316.35 Td (agency ) Tj ET Q q 0 0 0 rg BT 204.22 316.35 Td (models ) Tj ET Q q 0 0 0 rg BT 235.54 316.35 Td (for ) Tj ET Q q 0 0 0 rg BT 249.63 316.35 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 302.59 316.35 Td (of ) Tj ET Q q 0 0 0 rg BT 313.35 316.35 Td (certain ) Tj ET Q q 0 0 0 rg BT 342.98 316.35 Td (ratings ) Tj ET Q q 0 0 0 rg BT 372.63 316.35 Td (levels. ) Tj ET Q q 0 0 0 rg BT 400.89 316.35 Td (It ) Tj ET Q q 0 0 0 rg BT 409.42 316.35 Td (is ) Tj ET Q q 0 0 0 rg BT 418.53 316.35 Td (possible ) Tj ET Q q 0 0 0 rg BT 453.73 316.35 Td (that ) Tj ET Q q 0 0 0 rg BT 471.16 316.35 Td (the ) Tj ET Q q 0 0 0 rg BT 485.81 316.35 Td (outcome ) Tj ET Q q 0 0 0 rg BT 522.67 316.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 304.35 Td (any ) Tj ET Q q 0 0 0 rg BT 97.97 304.35 Td (such ) Tj ET Q q 0 0 0 rg BT 118.83 304.35 Td (review ) Tj ET Q q 0 0 0 rg BT 148.56 304.35 Td (of ) Tj ET Q q 0 0 0 rg BT 159.42 304.35 Td (us ) Tj ET Q q 0 0 0 rg BT 170.84 304.35 Td (would ) Tj ET Q q 0 0 0 rg BT 198.37 304.35 Td (have ) Tj ET Q q 0 0 0 rg BT 219.77 304.35 Td (additional ) Tj ET Q q 0 0 0 rg BT 262.29 304.35 Td (adverse ) Tj ET Q q 0 0 0 rg BT 295.36 304.35 Td (ratings ) Tj ET Q q 0 0 0 rg BT 325.10 304.35 Td (consequences, ) Tj ET Q q 0 0 0 rg BT 385.11 304.35 Td (which ) Tj ET Q q 0 0 0 rg BT 412.07 304.35 Td (could ) Tj ET Q q 0 0 0 rg BT 436.82 304.35 Td (have ) Tj ET Q q 0 0 0 rg BT 458.22 304.35 Td (a ) Tj ET Q q 0 0 0 rg BT 465.19 304.35 Td (material ) Tj ET Q q 0 0 0 rg BT 500.48 304.35 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 292.35 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 292.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 106.37 292.35 Td (on ) Tj ET Q q 0 0 0 rg BT 119.16 292.35 Td (our ) Tj ET Q q 0 0 0 rg BT 135.29 292.35 Td (results ) Tj ET Q q 0 0 0 rg BT 164.19 292.35 Td (of ) Tj ET Q q 0 0 0 rg BT 175.31 292.35 Td (operations, ) Tj ET Q q 0 0 0 rg BT 222.26 292.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.04 292.35 Td (condition ) Tj ET Q q 0 0 0 rg BT 300.61 292.35 Td (and ) Tj ET Q q 0 0 0 rg BT 317.84 292.35 Td (liquidity) Tj ET Q q 0 0 0 rg BT 351.08 292.35 Td (. ) Tj ET Q q 0 0 0 rg BT 356.17 292.35 Td (W) Tj ET Q q 0 0 0 rg BT 364.81 292.35 Td (e ) Tj ET Q q 0 0 0 rg BT 372.04 292.35 Td (may ) Tj ET Q q 0 0 0 rg BT 392.06 292.35 Td (need ) Tj ET Q q 0 0 0 rg BT 413.73 292.35 Td (to ) Tj ET Q q 0 0 0 rg BT 424.30 292.35 Td (take ) Tj ET Q q 0 0 0 rg BT 443.75 292.35 Td (actions ) Tj ET Q q 0 0 0 rg BT 474.87 292.35 Td (in ) Tj ET Q q 0 0 0 rg BT 485.44 292.35 Td (response ) Tj ET Q q 0 0 0 rg BT 523.23 292.35 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 280.35 Td (changing ) Tj ET Q q 0 0 0 rg BT 120.25 280.35 Td (standards ) Tj ET Q q 0 0 0 rg BT 160.60 280.35 Td (or ) Tj ET Q q 0 0 0 rg BT 171.52 280.35 Td (capital ) Tj ET Q q 0 0 0 rg BT 200.77 280.35 Td (requirements ) Tj ET Q q 0 0 0 rg BT 255.56 280.35 Td (set ) Tj ET Q q 0 0 0 rg BT 269.26 280.35 Td (by ) Tj ET Q q 0 0 0 rg BT 281.85 280.35 Td (any ) Tj ET Q q 0 0 0 rg BT 298.88 280.35 Td (of ) Tj ET Q q 0 0 0 rg BT 309.80 280.35 Td (the ) Tj ET Q q 0 0 0 rg BT 324.60 280.35 Td (rating ) Tj ET Q q 0 0 0 rg BT 350.52 280.35 Td (agencies ) Tj ET Q q 0 0 0 rg BT 387.53 280.35 Td (which ) Tj ET Q q 0 0 0 rg BT 414.56 280.35 Td (could ) Tj ET Q q 0 0 0 rg BT 439.37 280.35 Td (cause ) Tj ET Q q 0 0 0 rg BT 464.17 280.35 Td (our ) Tj ET Q q 0 0 0 rg BT 480.09 280.35 Td (business ) Tj ET Q q 0 0 0 rg BT 516.57 280.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 268.35 Td (operations ) Tj ET Q q 0 0 0 rg BT 125.34 268.35 Td (to ) Tj ET Q q 0 0 0 rg BT 135.81 268.35 Td (suf) Tj ET Q q 0 0 0 rg BT 147.85 268.35 Td (fer) Tj ET Q q 0 0 0 rg BT 158.40 268.35 Td (. ) Tj ET Q q 0 0 0 rg BT 163.59 268.35 Td (If ) Tj ET Q q 0 0 0 rg BT 172.94 268.35 Td (the ) Tj ET Q q 0 0 0 rg BT 187.85 268.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.52 268.35 Td (strength ) Tj ET Q q 0 0 0 rg BT 260.42 268.35 Td (ratings ) Tj ET Q q 0 0 0 rg BT 290.33 268.35 Td (of ) Tj ET Q q 0 0 0 rg BT 301.35 268.35 Td (our ) Tj ET Q q 0 0 0 rg BT 317.37 268.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 358.37 268.35 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 408.28 268.35 Td (are ) Tj ET Q q 0 0 0 rg BT 423.17 268.35 Td (downgraded, ) Tj ET Q q 0 0 0 rg BT 477.79 268.35 Td (we ) Tj ET Q q 0 0 0 rg BT 492.14 268.35 Td (anticipate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 256.35 Td (that ) Tj ET Q q 0 0 0 rg BT 98.75 256.35 Td (our ) Tj ET Q q 0 0 0 rg BT 114.83 256.35 Td (sales ) Tj ET Q q 0 0 0 rg BT 137.03 256.35 Td (of ) Tj ET Q q 0 0 0 rg BT 148.11 256.35 Td (new ) Tj ET Q q 0 0 0 rg BT 167.52 256.35 Td (policies ) Tj ET Q q 0 0 0 rg BT 201.38 256.35 Td (will ) Tj ET Q q 0 0 0 rg BT 219.69 256.35 Td (be ) Tj ET Q q 0 0 0 rg BT 231.88 256.35 Td (adversely ) Tj ET Q q 0 0 0 rg BT 272.95 256.35 Td (impacted ) Tj ET Q q 0 0 0 rg BT 312.36 256.35 Td (and ) Tj ET Q q 0 0 0 rg BT 329.55 256.35 Td (that ) Tj ET Q q 0 0 0 rg BT 347.30 256.35 Td (we ) Tj ET Q q 0 0 0 rg BT 361.71 256.35 Td (could ) Tj ET Q q 0 0 0 rg BT 386.68 256.35 Td (experience ) Tj ET Q q 0 0 0 rg BT 432.74 256.35 Td (substantial ) Tj ET Q q 0 0 0 rg BT 478.27 256.35 Td (surrenders ) Tj ET Q q 0 0 0 rg BT 522.67 256.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 244.35 Td (existing ) Tj ET Q q 0 0 0 rg BT 115.30 244.35 Td (policies. ) Tj ET Q q 0 0 0 rg BT 151.54 244.35 Td (In ) Tj ET Q q 0 0 0 rg BT 162.51 244.35 Td (order ) Tj ET Q q 0 0 0 rg BT 186.25 244.35 Td (to ) Tj ET Q q 0 0 0 rg BT 196.67 244.35 Td (improve ) Tj ET Q q 0 0 0 rg BT 232.63 244.35 Td (or ) Tj ET Q q 0 0 0 rg BT 243.60 244.35 Td (maintain ) Tj ET Q q 0 0 0 rg BT 281.23 244.35 Td (their ) Tj ET Q q 0 0 0 rg BT 302.19 244.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 339.81 244.35 Td (strength ) Tj ET Q q 0 0 0 rg BT 374.66 244.35 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 407.02 244.35 Td (our ) Tj ET Q q 0 0 0 rg BT 422.99 244.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 463.94 244.35 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 513.80 244.35 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 232.35 Td (limit ) Tj ET Q q 0 0 0 rg BT 102.80 232.35 Td (the ) Tj ET Q q 0 0 0 rg BT 117.92 232.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 150.82 232.35 Td (of ) Tj ET Q q 0 0 0 rg BT 162.05 232.35 Td (dividends ) Tj ET Q q 0 0 0 rg BT 203.84 232.35 Td (that ) Tj ET Q q 0 0 0 rg BT 221.74 232.35 Td (they ) Tj ET Q q 0 0 0 rg BT 241.86 232.35 Td (would ) Tj ET Q q 0 0 0 rg BT 269.77 232.35 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 311.55 232.35 Td (pay ) Tj ET Q q 0 0 0 rg BT 328.89 232.35 Td (to ) Tj ET Q q 0 0 0 rg BT 339.57 232.35 Td (us. ) Tj ET Q q 0 0 0 rg BT 353.87 232.35 Td (In ) Tj ET Q q 0 0 0 rg BT 365.10 232.35 Td (that ) Tj ET Q q 0 0 0 rg BT 383.00 232.35 Td (regard, ) Tj ET Q q 0 0 0 rg BT 413.94 232.35 Td (we ) Tj ET Q q 0 0 0 rg BT 428.51 232.35 Td (may) Tj ET Q q 0 0 0 rg BT 445.08 232.35 Td (, ) Tj ET Q q 0 0 0 rg BT 450.48 232.35 Td (among ) Tj ET Q q 0 0 0 rg BT 480.60 232.35 Td (other ) Tj ET Q q 0 0 0 rg BT 504.05 232.35 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 220.35 Td (implement ) Tj ET Q q 0 0 0 rg BT 126.06 220.35 Td (business ) Tj ET Q q 0 0 0 rg BT 162.25 220.35 Td (strategies ) Tj ET Q q 0 0 0 rg BT 202.31 220.35 Td (to ) Tj ET Q q 0 0 0 rg BT 212.38 220.35 Td (improve ) Tj ET Q q 0 0 0 rg BT 248.00 220.35 Td (the ) Tj ET Q q 0 0 0 rg BT 262.51 220.35 Td (RBC ) Tj ET Q q 0 0 0 rg BT 284.81 220.35 Td (ratio ) Tj ET Q q 0 0 0 rg BT 305.43 220.35 Td (of ) Tj ET Q q 0 0 0 rg BT 316.05 220.35 Td (our ) Tj ET Q q 0 0 0 rg BT 331.68 220.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 372.29 220.35 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 421.80 220.35 Td (to ) Tj ET Q q 0 0 0 rg BT 431.87 220.35 Td (a ) Tj ET Q q 0 0 0 rg BT 438.60 220.35 Td (level ) Tj ET Q q 0 0 0 rg BT 460.33 220.35 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 506.49 220.35 Td (by ) Tj ET Q q 0 0 0 rg BT 518.79 220.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 208.35 Td (rating ) Tj ET Q q 0 0 0 rg BT 107.52 208.35 Td (agencies ) Tj ET Q q 0 0 0 rg BT 145.14 208.35 Td (to ) Tj ET Q q 0 0 0 rg BT 156.11 208.35 Td (maintain ) Tj ET Q q 0 0 0 rg BT 194.30 208.35 Td (or ) Tj ET Q q 0 0 0 rg BT 205.83 208.35 Td (improve ) Tj ET Q q 0 0 0 rg BT 242.35 208.35 Td (our ) Tj ET Q q 0 0 0 rg BT 258.87 208.35 Td (current ) Tj ET Q q 0 0 0 rg BT 290.38 208.35 Td (rating. ) Tj ET Q q 0 0 0 rg BT 319.41 208.35 Td (If ) Tj ET Q q 0 0 0 rg BT 329.26 208.35 Td (we ) Tj ET Q q 0 0 0 rg BT 344.12 208.35 Td (are ) Tj ET Q q 0 0 0 rg BT 359.52 208.35 Td (unable ) Tj ET Q q 0 0 0 rg BT 389.37 208.35 Td (to ) Tj ET Q q 0 0 0 rg BT 400.35 208.35 Td (achieve ) Tj ET Q q 0 0 0 rg BT 434.07 208.35 Td (this ) Tj ET Q q 0 0 0 rg BT 451.72 208.35 Td (level, ) Tj ET Q q 0 0 0 rg BT 476.85 208.35 Td (we ) Tj ET Q q 0 0 0 rg BT 491.70 208.35 Td (may ) Tj ET Q q 0 0 0 rg BT 512.12 208.35 Td (limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 196.35 Td (dividend ) Tj ET Q q 0 0 0 rg BT 119.57 196.35 Td (payments ) Tj ET Q q 0 0 0 rg BT 161.47 196.35 Td (from ) Tj ET Q q 0 0 0 rg BT 184.49 196.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 203.01 196.35 Td ( ) Tj ET Q q 0 0 0 rg BT 206.58 196.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 249.02 196.35 Td (to ) Tj ET Q q 0 0 0 rg BT 260.38 196.35 Td (the ) Tj ET Q q 0 0 0 rg BT 276.17 196.35 Td (extent ) Tj ET Q q 0 0 0 rg BT 304.18 196.35 Td (necessary) Tj ET Q q 0 0 0 rg BT 342.40 196.35 Td (. ) Tj ET Q q 0 0 0 rg BT 348.22 196.35 Td (W) Tj ET Q q 0 0 0 rg BT 356.85 196.35 Td (e ) Tj ET Q q 0 0 0 rg BT 364.87 196.35 Td (cannot ) Tj ET Q q 0 0 0 rg BT 395.10 196.35 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 437.54 196.35 Td (these ) Tj ET Q q 0 0 0 rg BT 461.66 196.35 Td (measures ) Tj ET Q q 0 0 0 rg BT 502.44 196.35 Td (will ) Tj ET Q q 0 0 0 rg BT 521.57 196.35 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 184.35 Td (successful, ) Tj ET Q q 0 0 0 rg BT 126.54 184.35 Td (and ) Tj ET Q q 0 0 0 rg BT 142.93 184.35 Td (if ) Tj ET Q q 0 0 0 rg BT 150.98 184.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 169.50 184.35 Td ( ) Tj ET Q q 0 0 0 rg BT 171.45 184.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 212.26 184.35 Td (fails ) Tj ET Q q 0 0 0 rg BT 231.42 184.35 Td (to ) Tj ET Q q 0 0 0 rg BT 241.15 184.35 Td (maintain ) Tj ET Q q 0 0 0 rg BT 278.08 184.35 Td (such ) Tj ET Q q 0 0 0 rg BT 298.36 184.35 Td (a ) Tj ET Q q 0 0 0 rg BT 304.75 184.35 Td (tar) Tj ET Q q 0 0 0 rg BT 315.11 184.35 Td (get ) Tj ET Q q 0 0 0 rg BT 329.27 184.35 Td (RBC ) Tj ET Q q 0 0 0 rg BT 351.23 184.35 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 374.00 184.35 Td (its ) Tj ET Q q 0 0 0 rg BT 385.39 184.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 422.32 184.35 Td (strength ) Tj ET Q q 0 0 0 rg BT 456.48 184.35 Td (rating ) Tj ET Q q 0 0 0 rg BT 481.75 184.35 Td (could ) Tj ET Q q 0 0 0 rg BT 505.92 184.35 Td (suf) Tj ET Q q 0 0 0 rg BT 517.96 184.35 Td (fer) Tj ET Q q 0 0 0 rg BT 528.50 184.35 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 172.35 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 172.35 Td (e ) Tj ET Q q 0 0 0 rg BT 96.49 172.35 Td (cannot ) Tj ET Q q 0 0 0 rg BT 125.56 172.35 Td (predict ) Tj ET Q q 0 0 0 rg BT 155.74 172.35 Td (what ) Tj ET Q q 0 0 0 rg BT 177.60 172.35 Td (actions ) Tj ET Q q 0 0 0 rg BT 208.34 172.35 Td (rating ) Tj ET Q q 0 0 0 rg BT 234.08 172.35 Td (agencies ) Tj ET Q q 0 0 0 rg BT 270.92 172.35 Td (may ) Tj ET Q q 0 0 0 rg BT 290.55 172.35 Td (take ) Tj ET Q q 0 0 0 rg BT 309.62 172.35 Td (in ) Tj ET Q q 0 0 0 rg BT 319.82 172.35 Td (the ) Tj ET Q q 0 0 0 rg BT 334.45 172.35 Td (future, ) Tj ET Q q 0 0 0 rg BT 363.24 172.35 Td (and ) Tj ET Q q 0 0 0 rg BT 380.10 172.35 Td (failure ) Tj ET Q q 0 0 0 rg BT 408.61 172.35 Td (to ) Tj ET Q q 0 0 0 rg BT 418.80 172.35 Td (improve ) Tj ET Q q 0 0 0 rg BT 454.54 172.35 Td (or ) Tj ET Q q 0 0 0 rg BT 465.29 172.35 Td (maintain ) Tj ET Q q 0 0 0 rg BT 502.70 172.35 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 160.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.48 160.35 Td (strength ) Tj ET Q q 0 0 0 rg BT 153.20 160.35 Td (ratings ) Tj ET Q q 0 0 0 rg BT 182.91 160.35 Td (could ) Tj ET Q q 0 0 0 rg BT 207.63 160.35 Td (adversely ) Tj ET Q q 0 0 0 rg BT 248.45 160.35 Td (af) Tj ET Q q 0 0 0 rg BT 256.03 160.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 273.52 160.35 Td (our ) Tj ET Q q 0 0 0 rg BT 289.35 160.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 326.83 160.35 Td (condition ) Tj ET Q q 0 0 0 rg BT 367.10 160.35 Td (and ) Tj ET Q q 0 0 0 rg BT 384.04 160.35 Td (results ) Tj ET Q q 0 0 0 rg BT 412.65 160.35 Td (of ) Tj ET Q q 0 0 0 rg BT 423.48 160.35 Td (operations. ) Tj ET Q BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 81.00 138.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 117.00 138.15 Td (Following ) Tj ET Q q 0 0 0 rg BT 160.40 138.15 Td (the ) Tj ET Q q 0 0 0 rg BT 174.89 138.15 Td (announcement ) Tj ET Q q 0 0 0 rg BT 235.48 138.15 Td (of ) Tj ET Q q 0 0 0 rg BT 246.09 138.15 Td (the ) Tj ET Q q 0 0 0 rg BT 260.59 138.15 Td (proposed ) Tj ET Q q 0 0 0 rg BT 299.53 138.15 Td (Mer) Tj ET Q q 0 0 0 rg BT 316.01 138.15 Td (ger) Tj ET Q q 0 0 0 rg BT 328.38 138.15 Td (, ) Tj ET Q q 0 0 0 rg BT 333.16 138.15 Td (the ) Tj ET Q q 0 0 0 rg BT 347.65 138.15 Td (rating ) Tj ET Q q 0 0 0 rg BT 373.26 138.15 Td (or) Tj ET Q q 0 0 0 rg BT 381.41 138.15 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 429.23 138.15 Td (have ) Tj ET Q q 0 0 0 rg BT 450.38 138.15 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 497.09 138.15 Td (a ) Tj ET Q q 0 0 0 rg BT 503.80 138.15 Td (review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 126.15 Td (of ) Tj ET Q q 0 0 0 rg BT 92.34 126.15 Td (our ) Tj ET Q q 0 0 0 rg BT 108.68 126.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 128.90 126.15 Td (ratings ) Tj ET Q q 0 0 0 rg BT 159.13 126.15 Td (and ) Tj ET Q q 0 0 0 rg BT 176.57 126.15 Td (our ) Tj ET Q q 0 0 0 rg BT 192.91 126.15 Td (insurance ) Tj ET Q q 0 0 0 rg BT 234.23 126.15 Td (company ) Tj ET Q q 0 0 0 rg BT 273.90 126.15 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 323.70 126.15 Td ( ) Tj ET Q q 0 0 0 rg BT 326.71 126.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 364.70 126.15 Td (strength ) Tj ET Q q 0 0 0 rg BT 399.92 126.15 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 432.43 126.15 Td (The ) Tj ET Q q 0 0 0 rg BT 450.98 126.15 Td (rating ) Tj ET Q q 0 0 0 rg BT 477.32 126.15 Td (or) Tj ET Q q 0 0 0 rg BT 485.47 126.15 Td (ganizations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 114.15 Td (may ) Tj ET Q q 0 0 0 rg BT 101.29 114.15 Td (take ) Tj ET Q q 0 0 0 rg BT 121.03 114.15 Td (various ) Tj ET Q q 0 0 0 rg BT 153.54 114.15 Td (actions, ) Tj ET Q q 0 0 0 rg BT 187.45 114.15 Td (positive ) Tj ET Q q 0 0 0 rg BT 222.19 114.15 Td (or ) Tj ET Q q 0 0 0 rg BT 233.60 114.15 Td (negative. ) Tj ET Q q 0 0 0 rg BT 273.05 114.15 Td (Such ) Tj ET Q q 0 0 0 rg BT 296.12 114.15 Td (actions ) Tj ET Q q 0 0 0 rg BT 327.53 114.15 Td (are ) Tj ET Q q 0 0 0 rg BT 342.81 114.15 Td (beyond ) Tj ET Q q 0 0 0 rg BT 375.33 114.15 Td (FGL's ) Tj ET Q q 0 0 0 rg BT 402.99 114.15 Td (control ) Tj ET Q q 0 0 0 rg BT 434.39 114.15 Td (and ) Tj ET Q q 0 0 0 rg BT 451.91 114.15 Td (FGL) Tj ET Q q 0 0 0 rg BT 470.43 114.15 Td ( ) Tj ET Q q 0 0 0 rg BT 473.51 114.15 Td (cannot ) Tj ET Q q 0 0 0 rg BT 503.24 114.15 Td (predict ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 102.15 Td (what ) Tj ET Q q 0 0 0 rg BT 102.94 102.15 Td (these ) Tj ET Q q 0 0 0 rg BT 125.99 102.15 Td (actions ) Tj ET Q q 0 0 0 rg BT 156.81 102.15 Td (may ) Tj ET Q q 0 0 0 rg BT 176.53 102.15 Td (be ) Tj ET Q q 0 0 0 rg BT 188.47 102.15 Td (and ) Tj ET Q q 0 0 0 rg BT 205.40 102.15 Td (the ) Tj ET Q q 0 0 0 rg BT 220.12 102.15 Td (timing ) Tj ET Q q 0 0 0 rg BT 248.73 102.15 Td (thereof. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 81.15 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 81.15 Td (e ) Tj ET Q q 0 0 0 rg BT 121.37 81.15 Td (are ) Tj ET Q q 0 0 0 rg BT 136.87 81.15 Td (required ) Tj ET Q q 0 0 0 rg BT 173.48 81.15 Td (to ) Tj ET Q q 0 0 0 rg BT 184.55 81.15 Td (maintain ) Tj ET Q q 0 0 0 rg BT 222.83 81.15 Td (minimum ) Tj ET Q q 0 0 0 rg BT 265.02 81.15 Td (ratings ) Tj ET Q q 0 0 0 rg BT 295.53 81.15 Td (as ) Tj ET Q q 0 0 0 rg BT 307.15 81.15 Td (a ) Tj ET Q q 0 0 0 rg BT 314.89 81.15 Td (matter ) Tj ET Q q 0 0 0 rg BT 343.72 81.15 Td (of ) Tj ET Q q 0 0 0 rg BT 355.34 81.15 Td (routine ) Tj ET Q q 0 0 0 rg BT 386.96 81.15 Td (practice ) Tj ET Q q 0 0 0 rg BT 421.90 81.15 Td (under ) Tj ET Q q 0 0 0 rg BT 447.96 81.15 Td (our ) Tj ET Q q 0 0 0 rg BT 464.58 81.15 Td (over) Tj ET Q q 0 0 0 rg BT 482.15 81.15 Td (-the-counter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 69.15 Td (derivative ) Tj ET Q q 0 0 0 rg BT 124.36 69.15 Td (agreements ) Tj ET Q q 0 0 0 rg BT 173.27 69.15 Td (on ) Tj ET Q q 0 0 0 rg BT 186.65 69.15 Td (forms ) Tj ET Q q 0 0 0 rg BT 213.36 69.15 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 267.29 69.15 Td (by ) Tj ET Q q 0 0 0 rg BT 280.67 69.15 Td (the ) Tj ET Q q 0 0 0 rg BT 296.26 69.15 Td (ISDA. ) Tj ET Q q 0 0 0 rg BT 325.48 69.15 Td (Under ) Tj ET Q q 0 0 0 rg BT 353.85 69.15 Td (some ) Tj ET Q q 0 0 0 rg BT 378.34 69.15 Td (ISDA) Tj ET Q q 0 0 0 rg BT 401.12 69.15 Td ( ) Tj ET Q q 0 0 0 rg BT 404.50 69.15 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 455.92 69.15 Td (we ) Tj ET Q q 0 0 0 rg BT 470.96 69.15 Td (have ) Tj ET Q q 0 0 0 rg BT 493.21 69.15 Td (agreed ) Tj ET Q q 0 0 0 rg BT 523.24 69.15 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 57.15 Td (maintain ) Tj ET Q q 0 0 0 rg BT 118.84 57.15 Td (certain ) Tj ET Q q 0 0 0 rg BT 148.90 57.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 186.73 57.15 Td (strength ) Tj ET Q q 0 0 0 rg BT 221.80 57.15 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 253.74 57.15 Td (A) Tj ET Q q 0 0 0 rg BT 260.41 57.15 Td ( ) Tj ET Q q 0 0 0 rg BT 263.26 57.15 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 310.55 57.15 Td (below ) Tj ET Q q 0 0 0 rg BT 337.84 57.15 Td (these ) Tj ET Q q 0 0 0 rg BT 361.24 57.15 Td (levels ) Tj ET Q q 0 0 0 rg BT 387.42 57.15 Td (provides ) Tj ET Q q 0 0 0 rg BT 424.71 57.15 Td (the ) Tj ET Q q 0 0 0 rg BT 439.78 57.15 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 493.16 57.15 Td (under ) Tj ET Q q 0 0 0 rg BT 518.78 57.15 Td (the ) Tj ET Q endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 125.86 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 141.30 735.60 Td (right ) Tj ET Q q 0 0 0 rg BT 163.41 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.41 735.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 215.39 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 230.83 735.60 Td (open ) Tj ET Q q 0 0 0 rg BT 253.50 735.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 296.70 735.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 336.01 735.60 Td (between ) Tj ET Q q 0 0 0 rg BT 372.55 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 387.99 735.60 Td (parties, ) Tj ET Q q 0 0 0 rg BT 420.37 735.60 Td (at ) Tj ET Q q 0 0 0 rg BT 430.81 735.60 Td (which ) Tj ET Q q 0 0 0 rg BT 458.47 735.60 Td (time ) Tj ET Q q 0 0 0 rg BT 479.47 735.60 Td (any ) Tj ET Q q 0 0 0 rg BT 497.13 735.60 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 114.41 723.60 Td (by ) Tj ET Q q 0 0 0 rg BT 126.72 723.60 Td (us ) Tj ET Q q 0 0 0 rg BT 137.93 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 148.57 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.10 723.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 215.95 723.60 Td (would ) Tj ET Q q 0 0 0 rg BT 243.26 723.60 Td (be ) Tj ET Q q 0 0 0 rg BT 255.01 723.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 298.42 723.60 Td (on ) Tj ET Q q 0 0 0 rg BT 310.73 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.26 723.60 Td (market ) Tj ET Q q 0 0 0 rg BT 355.34 723.60 Td (value ) Tj ET Q q 0 0 0 rg BT 379.31 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.95 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 404.48 723.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 450.12 723.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 492.41 723.60 Td (contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 99.60 711.60 Td (current ) Tj ET Q q 0 0 0 rg BT 130.97 711.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 157.35 711.60 Td (allows ) Tj ET Q q 0 0 0 rg BT 186.51 711.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 222.90 711.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 282.59 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 297.86 711.60 Td (right ) Tj ET Q q 0 0 0 rg BT 319.80 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 330.63 711.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 371.44 711.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 394.23 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 397.28 711.60 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 447.69 711.60 Td (As ) Tj ET Q q 0 0 0 rg BT 461.86 711.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.24 711.60 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 699.60 Td (, ) Tj ET Q q 0 0 0 rg BT 105.42 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 119.56 699.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 151.47 699.60 Td (at ) Tj ET Q q 0 0 0 rg BT 160.61 699.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 177.53 699.60 Td (for ) Tj ET Q q 0 0 0 rg BT 191.11 699.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 213.89 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 215.81 699.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 263.27 699.60 Td (which ) Tj ET Q q 0 0 0 rg BT 289.63 699.60 Td (could ) Tj ET Q q 0 0 0 rg BT 313.76 699.60 Td (be ) Tj ET Q q 0 0 0 rg BT 325.12 699.60 Td (terminated ) Tj ET Q q 0 0 0 rg BT 369.80 699.60 Td (based ) Tj ET Q q 0 0 0 rg BT 394.49 699.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 416.41 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 431.66 699.60 Td (current ) Tj ET Q q 0 0 0 rg BT 461.90 699.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 491.03 699.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.51 699.60 Td ($276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 699.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (which ) Tj ET Q q 0 0 0 rg BT 107.20 687.60 Td (equals ) Tj ET Q q 0 0 0 rg BT 134.51 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 148.48 687.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 164.12 687.60 Td (value ) Tj ET Q q 0 0 0 rg BT 187.54 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 197.07 687.60 Td (us ) Tj ET Q q 0 0 0 rg BT 207.73 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.82 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.79 687.60 Td (open ) Tj ET Q q 0 0 0 rg BT 252.99 687.60 Td (over) Tj ET Q q 0 0 0 rg BT 270.56 687.60 Td (-the-counter ) Tj ET Q q 0 0 0 rg BT 321.18 687.60 Td (call ) Tj ET Q q 0 0 0 rg BT 337.38 687.60 Td (option ) Tj ET Q q 0 0 0 rg BT 364.69 687.60 Td (positions. ) Tj ET Q q 0 0 0 rg BT 404.94 687.60 Td (The ) Tj ET Q q 0 0 0 rg BT 422.25 687.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 437.89 687.60 Td (value ) Tj ET Q q 0 0 0 rg BT 461.30 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 471.40 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 485.37 687.60 Td (call ) Tj ET Q q 0 0 0 rg BT 501.57 687.60 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (can ) Tj ET Q q 0 0 0 rg BT 98.38 675.60 Td (never ) Tj ET Q q 0 0 0 rg BT 124.10 675.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 162.02 675.60 Td (below ) Tj ET Q q 0 0 0 rg BT 189.96 675.60 Td (zero. ) Tj ET Q q 0 0 0 rg BT 213.17 675.60 Td (No ) Tj ET Q q 0 0 0 rg BT 228.90 675.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 251.68 675.60 Td ( ) Tj ET Q q 0 0 0 rg BT 255.19 675.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 304.23 675.60 Td (have ) Tj ET Q q 0 0 0 rg BT 326.61 675.60 Td (been ) Tj ET Q q 0 0 0 rg BT 348.99 675.60 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 397.76 675.60 Td (although ) Tj ET Q q 0 0 0 rg BT 436.26 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.98 675.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 512.13 675.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (reserved ) Tj ET Q q 0 0 0 rg BT 117.22 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.79 663.60 Td (right ) Tj ET Q q 0 0 0 rg BT 153.04 663.60 Td (to ) Tj ET Q q 0 0 0 rg BT 163.17 663.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 203.28 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.85 663.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 240.64 663.60 Td ( ) Tj ET Q q 0 0 0 rg BT 242.99 663.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 290.88 663.60 Td (at ) Tj ET Q q 0 0 0 rg BT 300.45 663.60 Td (any ) Tj ET Q q 0 0 0 rg BT 317.25 663.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 339.87 663.60 Td ( ) Tj ET Q q 0 0 0 rg BT 342.23 663.60 Td (In ) Tj ET Q q 0 0 0 rg BT 352.91 663.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 382.47 663.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 435.09 663.60 Td (we ) Tj ET Q q 0 0 0 rg BT 449.10 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 465.90 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 480.47 663.60 Td (counterparty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (have ) Tj ET Q q 0 0 0 rg BT 102.70 651.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 134.95 651.60 Td (into ) Tj ET Q q 0 0 0 rg BT 153.33 651.60 Td (a ) Tj ET Q q 0 0 0 rg BT 160.59 651.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 200.61 651.60 Td (support ) Tj ET Q q 0 0 0 rg BT 233.44 651.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 277.90 651.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 317.38 651.60 Td (either ) Tj ET Q q 0 0 0 rg BT 342.97 651.60 Td (party ) Tj ET Q q 0 0 0 rg BT 366.34 651.60 Td (to ) Tj ET Q q 0 0 0 rg BT 376.94 651.60 Td (post ) Tj ET Q q 0 0 0 rg BT 396.43 651.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 436.45 651.60 Td (when ) Tj ET Q q 0 0 0 rg BT 460.94 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.98 651.60 Td (net ) Tj ET Q q 0 0 0 rg BT 491.02 651.60 Td (exposures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 111.69 639.60 Td (predetermined ) Tj ET Q q 0 0 0 rg BT 172.38 639.60 Td (thresholds. ) Tj ET Q q 0 0 0 rg BT 218.72 639.60 Td (These ) Tj ET Q q 0 0 0 rg BT 245.54 639.60 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 289.59 639.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 310.30 639.60 Td (by ) Tj ET Q q 0 0 0 rg BT 323.24 639.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 376.71 639.60 Td (and ) Tj ET Q q 0 0 0 rg BT 394.09 639.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 419.80 639.60 Td (rating. ) Tj ET Q q 0 0 0 rg BT 447.91 639.60 Td (As ) Tj ET Q q 0 0 0 rg BT 461.97 639.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.24 639.60 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 627.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.38 627.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.19 627.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.19 627.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.07 627.60 Td ($128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.07 627.60 Td ( ) Tj ET Q q 0 0 0 rg BT 163.44 627.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.26 627.60 Td ($7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.26 627.60 Td (, ) Tj ET Q q 0 0 0 rg BT 193.13 627.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 240.79 627.60 Td (, ) Tj ET Q q 0 0 0 rg BT 244.67 627.60 Td (of ) Tj ET Q q 0 0 0 rg BT 254.38 627.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 292.95 627.60 Td (was ) Tj ET Q q 0 0 0 rg BT 309.88 627.60 Td (posted ) Tj ET Q q 0 0 0 rg BT 337.36 627.60 Td (by ) Tj ET Q q 0 0 0 rg BT 348.74 627.60 Td (our ) Tj ET Q q 0 0 0 rg BT 363.44 627.60 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 423.66 627.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 472.99 627.60 Td (, ) Tj ET Q q 0 0 0 rg BT 476.87 627.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.46 627.60 Td (maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 114.00 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 125.34 615.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 143.90 615.60 Td (due ) Tj ET Q q 0 0 0 rg BT 161.35 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.13 615.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 197.90 615.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 215.90 615.60 Td (that ) Tj ET Q q 0 0 0 rg BT 233.91 615.60 Td (we ) Tj ET Q q 0 0 0 rg BT 248.57 615.60 Td (would ) Tj ET Q q 0 0 0 rg BT 276.58 615.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 300.13 615.60 Td (if ) Tj ET Q q 0 0 0 rg BT 309.24 615.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 338.90 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.69 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.91 615.60 Td (call ) Tj ET Q q 0 0 0 rg BT 382.35 615.60 Td (options ) Tj ET Q q 0 0 0 rg BT 414.80 615.60 Td (failed ) Tj ET Q q 0 0 0 rg BT 440.57 615.60 Td (completely ) Tj ET Q q 0 0 0 rg BT 488.00 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 498.79 615.60 Td (perform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 603.60 Td (according ) Tj ET Q q 0 0 0 rg BT 122.92 603.60 Td (to ) Tj ET Q q 0 0 0 rg BT 133.20 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 147.92 603.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 172.64 603.60 Td (of ) Tj ET Q q 0 0 0 rg BT 183.47 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.18 603.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 236.78 603.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.83 603.60 Td ($148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.83 603.60 Td ( ) Tj ET Q q 0 0 0 rg BT 277.33 603.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.27 603.60 Td ($74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.27 603.60 Td ( ) Tj ET Q q 0 0 0 rg BT 311.77 603.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.48 603.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 381.75 603.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.75 603.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.25 603.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.19 603.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.19 603.60 Td (, ) Tj ET Q q 0 0 0 rg BT 446.19 603.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 493.85 603.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 582.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 154.90 582.60 Td (, ) Tj ET Q q 0 0 0 rg BT 159.76 582.60 Td (under ) Tj ET Q q 0 0 0 rg BT 184.90 582.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 214.46 582.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 255.14 582.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 286.37 582.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 326.49 582.60 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 385.22 582.60 Td (if ) Tj ET Q q 0 0 0 rg BT 393.69 582.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 422.16 582.60 Td (were ) Tj ET Q q 0 0 0 rg BT 443.96 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.10 582.60 Td (take ) Tj ET Q q 0 0 0 rg BT 473.11 582.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.68 582.60 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 570.60 Td (without ) Tj ET Q q 0 0 0 rg BT 114.07 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.79 570.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 187.94 570.60 Td (consent, ) Tj ET Q q 0 0 0 rg BT 223.50 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.45 570.60 Td (such ) Tj ET Q q 0 0 0 rg BT 261.29 570.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 292.12 570.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 326.29 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 336.58 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 343.52 570.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 382.13 570.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.62 570.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 454.34 570.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 484.07 570.60 Td (downgrade, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 558.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 109.61 558.60 Td (would ) Tj ET Q q 0 0 0 rg BT 137.11 558.60 Td (be ) Tj ET Q q 0 0 0 rg BT 149.05 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 159.33 558.60 Td (default. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 537.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 537.60 Td (See ) Tj ET Q q 0 0 0 rg BT 133.94 537.60 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 190.31 537.60 Td (and ) Tj ET Q q 0 0 0 rg BT 207.24 537.60 Td (Qualitative ) Tj ET Q q 0 0 0 rg BT 254.17 537.60 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 303.33 537.60 Td (about ) Tj ET Q q 0 0 0 rg BT 328.05 537.60 Td (Market ) Tj ET Q q 0 0 0 rg BT 359.43 537.60 Td (Risk-Credit ) Tj ET Q q 0 0 0 rg BT 408.59 537.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 429.43 537.60 Td (and ) Tj ET Q q 0 0 0 rg BT 446.37 537.60 Td (Counterparty ) Tj ET Q q 0 0 0 rg BT 501.63 537.60 Td (Risk. ) Tj ET Q q 0 0 0 rg BT 529.41 537.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 512.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.71 512.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 133.99 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.92 512.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 183.64 512.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 214.01 512.10 Td (that ) Tj ET Q q 0 0 0 rg BT 232.73 512.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.78 512.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 293.50 512.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 345.01 512.10 Td (have ) Tj ET Q q 0 0 0 rg BT 367.04 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.21 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.58 512.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 434.86 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.79 512.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 484.51 512.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 514.89 512.10 Td (that ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 500.10 Td (they ) Tj ET Q q 0 0 0 rg BT 100.55 500.10 Td (must ) Tj ET Q q 0 0 0 rg BT 122.89 500.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 143.56 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.67 500.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 193.23 500.10 Td (their ) Tj ET Q q 0 0 0 rg BT 215.01 500.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.57 500.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 290.80 500.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 322.03 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.93 500.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 361.69 500.10 Td (other ) Tj ET Q q 0 0 0 rg BT 385.69 500.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 442.47 500.10 Td (can ) Tj ET Q q 0 0 0 rg BT 459.80 500.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 479.90 500.10 Td (significantly ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 488.10 Td (from ) Tj ET Q q 0 0 0 rg BT 103.50 488.10 Td (time ) Tj ET Q q 0 0 0 rg BT 123.77 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.05 488.10 Td (time ) Tj ET Q q 0 0 0 rg BT 154.33 488.10 Td (due ) Tj ET Q q 0 0 0 rg BT 171.83 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.10 488.10 Td (a ) Tj ET Q q 0 0 0 rg BT 189.60 488.10 Td (number ) Tj ET Q q 0 0 0 rg BT 224.33 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.17 488.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 266.00 488.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 297.94 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.77 488.10 Td (our ) Tj ET Q q 0 0 0 rg BT 325.73 488.10 Td (control. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 471.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.13 471.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 162.02 471.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 210.81 471.60 Td (are ) Tj ET Q q 0 0 0 rg BT 224.60 471.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 254.50 471.60 Td (to ) Tj ET Q q 0 0 0 rg BT 263.85 471.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 309.86 471.60 Td (that ) Tj ET Q q 0 0 0 rg BT 326.43 471.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 358.56 471.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 399.02 471.60 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 454.46 471.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 508.24 471.60 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 459.60 Td (on ) Tj ET Q q 0 0 0 rg BT 93.43 459.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 115.87 459.60 Td (formulas ) Tj ET Q q 0 0 0 rg BT 153.84 459.60 Td (for ) Tj ET Q q 0 0 0 rg BT 167.93 459.60 Td (life ) Tj ET Q q 0 0 0 rg BT 183.69 459.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 224.43 459.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 269.63 459.60 Td (that ) Tj ET Q q 0 0 0 rg BT 287.05 459.60 Td (establish ) Tj ET Q q 0 0 0 rg BT 324.47 459.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 353.55 459.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 408.19 459.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 441.16 459.60 Td (to ) Tj ET Q q 0 0 0 rg BT 451.36 459.60 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 494.61 459.60 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 447.60 Td (asset, ) Tj ET Q q 0 0 0 rg BT 105.44 447.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 137.37 447.60 Td (rate, ) Tj ET Q q 0 0 0 rg BT 157.36 447.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.30 447.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 204.00 447.60 Td (other ) Tj ET Q q 0 0 0 rg BT 227.04 447.60 Td (risks. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 426.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.98 426.60 Td (any ) Tj ET Q q 0 0 0 rg BT 133.06 426.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 174.02 426.60 Td (year) Tj ET Q q 0 0 0 rg BT 190.83 426.60 Td (, ) Tj ET Q q 0 0 0 rg BT 195.98 426.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 233.62 426.60 Td (surplus ) Tj ET Q q 0 0 0 rg BT 265.16 426.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 301.69 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 318.78 426.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 341.44 426.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 366.30 426.60 Td (may ) Tj ET Q q 0 0 0 rg BT 386.17 426.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 421.57 426.60 Td (or ) Tj ET Q q 0 0 0 rg BT 432.55 426.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 469.61 426.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 513.91 426.60 Td (on ) Tj ET Q q 0 0 0 rg BT 526.56 426.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 414.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 111.26 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.09 414.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 154.30 414.60 Td (most ) Tj ET Q q 0 0 0 rg BT 176.25 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 187.08 414.60 Td (which ) Tj ET Q q 0 0 0 rg BT 214.02 414.60 Td (are ) Tj ET Q q 0 0 0 rg BT 228.72 414.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 260.11 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.94 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 286.77 414.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 320.10 414.60 Td (including, ) Tj ET Q q 0 0 0 rg BT 362.87 414.60 Td (but ) Tj ET Q q 0 0 0 rg BT 378.15 414.60 Td (not ) Tj ET Q q 0 0 0 rg BT 393.43 414.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 424.26 414.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 437.04 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.75 414.60 Td (following: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 398.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.19 398.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 163.17 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.47 398.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 210.45 398.10 Td (income ) Tj ET Q q 0 0 0 rg BT 241.86 398.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.17 398.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 278.04 398.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 318.88 398.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.85 398.10 Td (our ) Tj ET Q q 0 0 0 rg BT 346.16 398.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 386.45 398.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 435.65 398.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 465.39 398.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 487.37 398.10 Td (is ) Tj ET Q q 0 0 0 rg BT 496.01 398.10 Td (sensitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.28 386.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 154.77 386.10 Td (market ) Tj ET Q q 0 0 0 rg BT 185.04 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.98 386.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 227.24 386.10 Td (market ) Tj ET Q q 0 0 0 rg BT 257.50 386.10 Td (conditions\); ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 369.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 369.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 369.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 164.21 369.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.04 369.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 217.53 369.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 246.68 369.60 Td (our ) Tj ET Q q 0 0 0 rg BT 262.51 369.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 303.33 369.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 353.04 369.60 Td (must ) Tj ET Q q 0 0 0 rg BT 374.99 369.60 Td (hold ) Tj ET Q q 0 0 0 rg BT 395.27 369.60 Td (to ) Tj ET Q q 0 0 0 rg BT 405.55 369.60 Td (support ) Tj ET Q q 0 0 0 rg BT 438.05 369.60 Td (business ) Tj ET Q q 0 0 0 rg BT 474.44 369.60 Td (growth; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 353.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 353.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.99 353.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 193.35 353.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 248.05 353.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 291.64 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.92 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.75 353.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 358.57 353.10 Td (subsidiaries; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 336.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 336.60 Td (our ) Tj ET Q q 0 0 0 rg BT 132.83 336.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 160.88 336.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.16 336.60 Td (access ) Tj ET Q q 0 0 0 rg BT 199.20 336.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 228.35 336.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 262.50 336.60 Td (to ) Tj ET Q q 0 0 0 rg BT 272.78 336.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 305.83 336.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 337.20 336.60 Td (relief; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 320.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 320.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 320.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.99 320.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 189.48 320.10 Td (market ) Tj ET Q q 0 0 0 rg BT 219.74 320.10 Td (levels; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 303.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 303.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 303.60 Td (value ) Tj ET Q q 0 0 0 rg BT 155.87 303.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.70 303.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 196.40 303.60 Td (fixed-income ) Tj ET Q q 0 0 0 rg BT 252.21 303.60 Td (and ) Tj ET Q q 0 0 0 rg BT 269.15 303.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 296.65 303.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 336.91 303.60 Td (in ) Tj ET Q q 0 0 0 rg BT 347.19 303.60 Td (our ) Tj ET Q q 0 0 0 rg BT 363.02 303.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 409.40 303.60 Td (portfolio; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 287.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 287.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 287.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.99 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.70 287.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 201.97 287.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 231.68 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.51 287.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 292.79 287.10 Td (held ) Tj ET Q q 0 0 0 rg BT 312.50 287.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.78 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 338.61 287.10 Td (portfolio; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 270.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 270.60 Td (value ) Tj ET Q q 0 0 0 rg BT 155.87 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.70 270.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 196.40 270.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 238.88 270.60 Td (instruments; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 254.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 254.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 254.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.99 254.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 193.92 254.10 Td (rates; ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 99.00 248.40 Td ( ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 117.00 248.40 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 236.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 236.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 142.26 236.40 Td (market ) Tj ET Q q 0 0 0 rg BT 172.53 236.40 Td (volatility; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 219.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 219.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 219.90 Td (in ) Tj ET Q q 0 0 0 rg BT 161.99 219.90 Td (consumer ) Tj ET Q q 0 0 0 rg BT 203.36 219.90 Td (behavior; ) Tj ET Q q 0 0 0 rg BT 243.63 219.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 203.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 203.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.11 203.40 Td (to ) Tj ET Q q 0 0 0 rg BT 160.79 203.40 Td (the ) Tj ET Q q 0 0 0 rg BT 174.91 203.40 Td (RBC ) Tj ET Q q 0 0 0 rg BT 196.82 203.40 Td (formulas ) Tj ET Q q 0 0 0 rg BT 234.27 203.40 Td (and ) Tj ET Q q 0 0 0 rg BT 250.61 203.40 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 306.38 203.40 Td (of ) Tj ET Q q 0 0 0 rg BT 316.61 203.40 Td (the ) Tj ET Q q 0 0 0 rg BT 330.73 203.40 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 357.07 203.40 Td (instructions ) Tj ET Q q 0 0 0 rg BT 405.64 203.40 Td (with ) Tj ET Q q 0 0 0 rg BT 425.32 203.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 455.54 203.40 Td (to ) Tj ET Q q 0 0 0 rg BT 465.22 203.40 Td (RBC ) Tj ET Q q 0 0 0 rg BT 487.13 203.40 Td (calculation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 191.40 Td (methodologies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 170.40 Td (The ) Tj ET Q q 0 0 0 rg BT 123.71 170.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 161.86 170.40 Td (strength ) Tj ET Q q 0 0 0 rg BT 197.24 170.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 227.62 170.40 Td (of ) Tj ET Q q 0 0 0 rg BT 239.11 170.40 Td (our ) Tj ET Q q 0 0 0 rg BT 255.61 170.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 297.08 170.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 347.47 170.40 Td (are ) Tj ET Q q 0 0 0 rg BT 362.84 170.40 Td (significantly ) Tj ET Q q 0 0 0 rg BT 415.99 170.40 Td (influenced ) Tj ET Q q 0 0 0 rg BT 461.36 170.40 Td (by ) Tj ET Q q 0 0 0 rg BT 474.52 170.40 Td (their ) Tj ET Q q 0 0 0 rg BT 496.01 170.40 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 158.40 Td (surplus ) Tj ET Q q 0 0 0 rg BT 111.64 158.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 147.28 158.40 Td (and ) Tj ET Q q 0 0 0 rg BT 163.47 158.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 191.87 158.40 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 231.37 158.40 Td (ratios. ) Tj ET Q q 0 0 0 rg BT 257.83 158.40 Td (Rating ) Tj ET Q q 0 0 0 rg BT 286.25 158.40 Td (agencies ) Tj ET Q q 0 0 0 rg BT 322.42 158.40 Td (may ) Tj ET Q q 0 0 0 rg BT 341.39 158.40 Td (also ) Tj ET Q q 0 0 0 rg BT 359.25 158.40 Td (implement ) Tj ET Q q 0 0 0 rg BT 403.77 158.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 437.72 158.40 Td (to ) Tj ET Q q 0 0 0 rg BT 447.25 158.40 Td (their ) Tj ET Q q 0 0 0 rg BT 467.32 158.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 499.62 158.40 Td (models, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.40 Td (which ) Tj ET Q q 0 0 0 rg BT 107.83 146.40 Td (dif) Tj ET Q q 0 0 0 rg BT 118.76 146.40 Td (fer ) Tj ET Q q 0 0 0 rg BT 132.25 146.40 Td (from ) Tj ET Q q 0 0 0 rg BT 154.07 146.40 Td (the ) Tj ET Q q 0 0 0 rg BT 168.68 146.40 Td (RBC ) Tj ET Q q 0 0 0 rg BT 191.08 146.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 220.12 146.40 Td (model, ) Tj ET Q q 0 0 0 rg BT 250.01 146.40 Td (that ) Tj ET Q q 0 0 0 rg BT 267.39 146.40 Td (have ) Tj ET Q q 0 0 0 rg BT 288.66 146.40 Td (the ) Tj ET Q q 0 0 0 rg BT 303.27 146.40 Td (ef) Tj ET Q q 0 0 0 rg BT 310.85 146.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 328.23 146.40 Td (of ) Tj ET Q q 0 0 0 rg BT 338.95 146.40 Td (increasing ) Tj ET Q q 0 0 0 rg BT 382.43 146.40 Td (or ) Tj ET Q q 0 0 0 rg BT 393.15 146.40 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 438.30 146.40 Td (the ) Tj ET Q q 0 0 0 rg BT 452.90 146.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 485.29 146.40 Td (of ) Tj ET Q q 0 0 0 rg BT 496.01 146.40 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 134.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 110.02 134.40 Td (our ) Tj ET Q q 0 0 0 rg BT 125.72 134.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 166.40 134.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 215.99 134.40 Td (must ) Tj ET Q q 0 0 0 rg BT 237.81 134.40 Td (hold ) Tj ET Q q 0 0 0 rg BT 257.96 134.40 Td (in ) Tj ET Q q 0 0 0 rg BT 268.10 134.40 Td (order ) Tj ET Q q 0 0 0 rg BT 291.57 134.40 Td (to ) Tj ET Q q 0 0 0 rg BT 301.72 134.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 339.08 134.40 Td (their ) Tj ET Q q 0 0 0 rg BT 359.78 134.40 Td (current ) Tj ET Q q 0 0 0 rg BT 390.46 134.40 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 422.55 134.40 Td (In ) Tj ET Q q 0 0 0 rg BT 433.25 134.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 470.89 134.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 496.58 134.40 Td (agencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 122.40 Td (may ) Tj ET Q q 0 0 0 rg BT 100.55 122.40 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 147.32 122.40 Td (the ) Tj ET Q q 0 0 0 rg BT 161.87 122.40 Td (investments ) Tj ET Q q 0 0 0 rg BT 211.98 122.40 Td (held ) Tj ET Q q 0 0 0 rg BT 231.53 122.40 Td (in ) Tj ET Q q 0 0 0 rg BT 241.65 122.40 Td (our ) Tj ET Q q 0 0 0 rg BT 257.32 122.40 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 297.15 122.40 Td (which ) Tj ET Q q 0 0 0 rg BT 323.92 122.40 Td (could ) Tj ET Q q 0 0 0 rg BT 348.48 122.40 Td (result ) Tj ET Q q 0 0 0 rg BT 373.03 122.40 Td (in ) Tj ET Q q 0 0 0 rg BT 383.14 122.40 Td (a ) Tj ET Q q 0 0 0 rg BT 389.92 122.40 Td (reduction ) Tj ET Q q 0 0 0 rg BT 430.02 122.40 Td (of ) Tj ET Q q 0 0 0 rg BT 440.69 122.40 Td (our ) Tj ET Q q 0 0 0 rg BT 456.35 122.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 485.34 122.40 Td (and ) Tj ET Q q 0 0 0 rg BT 502.11 122.40 Td (surplus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 110.40 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 110.40 Td (our ) Tj ET Q q 0 0 0 rg BT 113.77 110.40 Td (RBC ) Tj ET Q q 0 0 0 rg BT 136.28 110.40 Td (ratio. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 89.40 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 89.40 Td (In ) Tj ET Q q 0 0 0 rg BT 127.51 89.40 Td (extreme ) Tj ET Q q 0 0 0 rg BT 161.89 89.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 189.06 89.40 Td (market ) Tj ET Q q 0 0 0 rg BT 219.00 89.40 Td (declines, ) Tj ET Q q 0 0 0 rg BT 256.44 89.40 Td (the ) Tj ET Q q 0 0 0 rg BT 270.83 89.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 303.00 89.40 Td (of ) Tj ET Q q 0 0 0 rg BT 313.51 89.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 355.68 89.40 Td (statutory ) Tj ET Q q 0 0 0 rg BT 392.85 89.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 427.79 89.40 Td (our ) Tj ET Q q 0 0 0 rg BT 443.29 89.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 483.78 89.40 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 77.40 Td (are ) Tj ET Q q 0 0 0 rg BT 95.97 77.40 Td (required ) Tj ET Q q 0 0 0 rg BT 132.04 77.40 Td (to ) Tj ET Q q 0 0 0 rg BT 142.58 77.40 Td (hold ) Tj ET Q q 0 0 0 rg BT 163.12 77.40 Td (for ) Tj ET Q q 0 0 0 rg BT 177.55 77.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 200.85 77.40 Td (indexed ) Tj ET Q q 0 0 0 rg BT 235.27 77.40 Td (products ) Tj ET Q q 0 0 0 rg BT 272.47 77.40 Td (may ) Tj ET Q q 0 0 0 rg BT 292.45 77.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 329.62 77.40 Td (at ) Tj ET Q q 0 0 0 rg BT 339.60 77.40 Td (a ) Tj ET Q q 0 0 0 rg BT 346.80 77.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 364.55 77.40 Td (less ) Tj ET Q q 0 0 0 rg BT 382.31 77.40 Td (than ) Tj ET Q q 0 0 0 rg BT 402.29 77.40 Td (the ) Tj ET Q q 0 0 0 rg BT 417.26 77.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 435.01 77.40 Td (of ) Tj ET Q q 0 0 0 rg BT 446.10 77.40 Td (change ) Tj ET Q q 0 0 0 rg BT 477.18 77.40 Td (of ) Tj ET Q q 0 0 0 rg BT 488.27 77.40 Td (the ) Tj ET Q q 0 0 0 rg BT 503.25 77.40 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 65.40 Td (value ) Tj ET Q q 0 0 0 rg BT 105.20 65.40 Td (of ) Tj ET Q q 0 0 0 rg BT 116.07 65.40 Td (the ) Tj ET Q q 0 0 0 rg BT 130.83 65.40 Td (invested ) Tj ET Q q 0 0 0 rg BT 166.70 65.40 Td (assets. ) Tj ET Q q 0 0 0 rg BT 194.89 65.40 Td (This ) Tj ET Q q 0 0 0 rg BT 215.21 65.40 Td (mismatch ) Tj ET Q q 0 0 0 rg BT 256.63 65.40 Td (could ) Tj ET Q q 0 0 0 rg BT 281.39 65.40 Td (result ) Tj ET Q q 0 0 0 rg BT 306.15 65.40 Td (in ) Tj ET Q q 0 0 0 rg BT 316.48 65.40 Td (a ) Tj ET Q q 0 0 0 rg BT 323.46 65.40 Td (reduction ) Tj ET Q q 0 0 0 rg BT 363.76 65.40 Td (of ) Tj ET Q q 0 0 0 rg BT 374.64 65.40 Td (the ) Tj ET Q q 0 0 0 rg BT 389.40 65.40 Td (capital, ) Tj ET Q q 0 0 0 rg BT 421.09 65.40 Td (surplus ) Tj ET Q q 0 0 0 rg BT 452.52 65.40 Td (or ) Tj ET Q q 0 0 0 rg BT 463.40 65.40 Td (RBC ) Tj ET Q q 0 0 0 rg BT 485.95 65.40 Td (ratio ) Tj ET Q q 0 0 0 rg BT 506.82 65.40 Td (of ) Tj ET Q q 0 0 0 rg BT 517.69 65.40 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 53.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 121.96 53.40 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 174.13 53.40 Td (T) Tj ET Q q 0 0 0 rg BT 179.54 53.40 Td (o ) Tj ET Q q 0 0 0 rg BT 187.18 53.40 Td (the ) Tj ET Q q 0 0 0 rg BT 202.04 53.40 Td (extent ) Tj ET Q q 0 0 0 rg BT 229.12 53.40 Td (that ) Tj ET Q q 0 0 0 rg BT 246.76 53.40 Td (an ) Tj ET Q q 0 0 0 rg BT 258.84 53.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 299.80 53.40 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 343.69 53.40 Td (s ) Tj ET Q q 0 0 0 rg BT 350.23 53.40 Td (RBC ) Tj ET Q q 0 0 0 rg BT 372.88 53.40 Td (ratios ) Tj ET Q q 0 0 0 rg BT 397.74 53.40 Td (are ) Tj ET Q q 0 0 0 rg BT 412.59 53.40 Td (deemed ) Tj ET Q q 0 0 0 rg BT 446.33 53.40 Td (to ) Tj ET Q q 0 0 0 rg BT 456.75 53.40 Td (be ) Tj ET Q q 0 0 0 rg BT 468.83 53.40 Td (insuf) Tj ET Q q 0 0 0 rg BT 488.65 53.40 Td (ficient, ) Tj ET Q q 0 0 0 rg BT 519.34 53.40 Td (we ) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (may ) Tj ET Q q 0 0 0 rg BT 102.67 735.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 124.90 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.13 735.60 Td (take ) Tj ET Q q 0 0 0 rg BT 158.24 735.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 191.02 735.60 Td (either ) Tj ET Q q 0 0 0 rg BT 218.24 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 230.47 735.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 267.68 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.35 735.60 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 342.67 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 355.46 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 372.13 735.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 404.35 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 417.14 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 429.37 735.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 460.47 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 477.14 735.60 Td (capitalization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 138.84 723.60 Td (If ) Tj ET Q q 0 0 0 rg BT 148.64 723.60 Td (we ) Tj ET Q q 0 0 0 rg BT 163.43 723.60 Td (are ) Tj ET Q q 0 0 0 rg BT 178.78 723.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 208.57 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.49 723.60 Td (accomplish ) Tj ET Q q 0 0 0 rg BT 268.17 723.60 Td (such ) Tj ET Q q 0 0 0 rg BT 289.63 723.60 Td (actions, ) Tj ET Q q 0 0 0 rg BT 323.60 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.95 723.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 365.41 723.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 402.97 723.60 Td (may ) Tj ET Q q 0 0 0 rg BT 423.33 723.60 Td (view ) Tj ET Q q 0 0 0 rg BT 445.90 723.60 Td (this ) Tj ET Q q 0 0 0 rg BT 463.49 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 474.96 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 482.53 723.60 Td (reason ) Tj ET Q q 0 0 0 rg BT 511.77 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 526.56 723.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 110.72 711.60 Td (downgrade. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 690.60 Td (While ) Tj ET Q q 0 0 0 rg BT 131.03 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.84 690.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 176.43 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.35 690.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 222.94 690.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 257.29 690.60 Td (is ) Tj ET Q q 0 0 0 rg BT 265.55 690.60 Td (not ) Tj ET Q q 0 0 0 rg BT 279.92 690.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 312.06 690.60 Td (af) Tj ET Q q 0 0 0 rg BT 319.65 690.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 345.66 690.60 Td (by ) Tj ET Q q 0 0 0 rg BT 357.26 690.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 391.06 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 400.43 690.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 431.46 690.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 454.43 690.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 496.01 690.60 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 115.70 678.60 Td (may ) Tj ET Q q 0 0 0 rg BT 134.85 678.60 Td (be ) Tj ET Q q 0 0 0 rg BT 146.23 678.60 Td (required ) Tj ET Q q 0 0 0 rg BT 181.48 678.60 Td (as ) Tj ET Q q 0 0 0 rg BT 191.75 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 205.91 678.60 Td (result ) Tj ET Q q 0 0 0 rg BT 230.06 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 240.33 678.60 Td (an ) Tj ET Q q 0 0 0 rg BT 251.71 678.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 273.08 678.60 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 312.78 678.60 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 349.43 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 365.81 678.60 Td (this ) Tj ET Q q 0 0 0 rg BT 382.20 678.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 416.35 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.62 678.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 446.33 678.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 466.60 678.60 Td (testing ) Tj ET Q q 0 0 0 rg BT 495.20 678.60 Td (is ) Tj ET Q q 0 0 0 rg BT 503.81 678.60 Td (altered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 666.60 Td (by ) Tj ET Q q 0 0 0 rg BT 93.50 666.60 Td (rising ) Tj ET Q q 0 0 0 rg BT 118.78 666.60 Td (or ) Tj ET Q q 0 0 0 rg BT 129.61 666.60 Td (falling ) Tj ET Q q 0 0 0 rg BT 158.21 666.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 190.15 666.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 211.52 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 228.46 666.60 Td (widening ) Tj ET Q q 0 0 0 rg BT 268.18 666.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 293.44 666.60 Td (spreads. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 645.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.46 645.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 150.46 645.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.70 645.60 Td (any ) Tj ET Q q 0 0 0 rg BT 177.05 645.60 Td (of ) Tj ET Q q 0 0 0 rg BT 187.29 645.60 Td (our ) Tj ET Q q 0 0 0 rg BT 202.53 645.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 242.76 645.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 291.89 645.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.58 645.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 322.92 645.60 Td (its ) Tj ET Q q 0 0 0 rg BT 334.28 645.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 377.28 645.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 399.20 645.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 453.31 645.60 Td (or ) Tj ET Q q 0 0 0 rg BT 463.55 645.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 504.35 645.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 633.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.65 633.60 Td (surplus ) Tj ET Q q 0 0 0 rg BT 132.76 633.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 189.18 633.60 Td (could ) Tj ET Q q 0 0 0 rg BT 215.61 633.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 248.15 633.60 Td (it ) Tj ET Q q 0 0 0 rg BT 257.93 633.60 Td (to ) Tj ET Q q 0 0 0 rg BT 269.92 633.60 Td (further ) Tj ET Q q 0 0 0 rg BT 301.34 633.60 Td (examination ) Tj ET Q q 0 0 0 rg BT 354.99 633.60 Td (or ) Tj ET Q q 0 0 0 rg BT 367.53 633.60 Td (corrective ) Tj ET Q q 0 0 0 rg BT 411.72 633.60 Td (action ) Tj ET Q q 0 0 0 rg BT 440.37 633.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 478.47 633.60 Td (by ) Tj ET Q q 0 0 0 rg BT 492.69 633.60 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 621.60 Td (regulators, ) Tj ET Q q 0 0 0 rg BT 125.90 621.60 Td (including ) Tj ET Q q 0 0 0 rg BT 166.09 621.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 211.28 621.60 Td (on ) Tj ET Q q 0 0 0 rg BT 223.69 621.60 Td (its ) Tj ET Q q 0 0 0 rg BT 235.55 621.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 263.52 621.60 Td (to ) Tj ET Q q 0 0 0 rg BT 273.71 621.60 Td (write ) Tj ET Q q 0 0 0 rg BT 296.67 621.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 339.07 621.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 377.88 621.60 Td (supervision ) Tj ET Q q 0 0 0 rg BT 426.40 621.60 Td (by ) Tj ET Q q 0 0 0 rg BT 438.82 621.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 481.21 621.60 Td (or ) Tj ET Q q 0 0 0 rg BT 491.96 621.60 Td (seizure ) Tj ET Q q 0 0 0 rg BT 522.69 621.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 609.60 Td (liquidation. ) Tj ET Q q 0 0 0 rg BT 127.89 609.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 146.47 609.60 Td (corrective ) Tj ET Q q 0 0 0 rg BT 187.80 609.60 Td (action ) Tj ET Q q 0 0 0 rg BT 213.59 609.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 248.84 609.60 Td (could ) Tj ET Q q 0 0 0 rg BT 272.41 609.60 Td (have ) Tj ET Q q 0 0 0 rg BT 292.65 609.60 Td (a ) Tj ET Q q 0 0 0 rg BT 298.45 609.60 Td (material ) Tj ET Q q 0 0 0 rg BT 332.56 609.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 364.46 609.60 Td (ef) Tj ET Q q 0 0 0 rg BT 372.05 609.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 388.39 609.60 Td (on ) Tj ET Q q 0 0 0 rg BT 399.75 609.60 Td (our ) Tj ET Q q 0 0 0 rg BT 414.44 609.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 452.19 609.60 Td (results ) Tj ET Q q 0 0 0 rg BT 479.66 609.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.35 609.60 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 597.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.27 597.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.09 597.60 Td (condition. ) Tj ET Q q 0 0 0 rg BT 175.79 597.60 Td (A) Tj ET Q q 0 0 0 rg BT 182.46 597.60 Td ( ) Tj ET Q q 0 0 0 rg BT 184.29 597.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 215.00 597.60 Td (in ) Tj ET Q q 0 0 0 rg BT 224.61 597.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 246.45 597.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 270.50 597.60 Td (also ) Tj ET Q q 0 0 0 rg BT 288.44 597.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 313.06 597.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.11 597.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 354.50 597.60 Td (of ) Tj ET Q q 0 0 0 rg BT 364.66 597.60 Td (an ) Tj ET Q q 0 0 0 rg BT 375.93 597.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 416.08 597.60 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 459.02 597.60 Td (to ) Tj ET Q q 0 0 0 rg BT 468.63 597.60 Td (make ) Tj ET Q q 0 0 0 rg BT 492.12 597.60 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 585.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.48 585.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 143.63 585.60 Td (to ) Tj ET Q q 0 0 0 rg BT 153.56 585.60 Td (us ) Tj ET Q q 0 0 0 rg BT 164.59 585.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.18 585.60 Td (could ) Tj ET Q q 0 0 0 rg BT 205.54 585.60 Td (be ) Tj ET Q q 0 0 0 rg BT 217.13 585.60 Td (a ) Tj ET Q q 0 0 0 rg BT 223.72 585.60 Td (factor ) Tj ET Q q 0 0 0 rg BT 249.18 585.60 Td (in ) Tj ET Q q 0 0 0 rg BT 259.11 585.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 291.80 585.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 317.27 585.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 353.84 585.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.77 585.60 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 410.35 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.71 585.60 Td (insurer) Tj ET Q q 0 0 0 rg BT 452.85 585.60 Td () Tj ET Q q 0 0 0 rg BT 455.63 585.60 Td (s ) Tj ET Q q 0 0 0 rg BT 461.67 585.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.79 585.60 Td (strength ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 573.60 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 113.15 573.60 Td (which ) Tj ET Q q 0 0 0 rg BT 140.02 573.60 Td (could ) Tj ET Q q 0 0 0 rg BT 164.67 573.60 Td (have ) Tj ET Q q 0 0 0 rg BT 185.99 573.60 Td (a ) Tj ET Q q 0 0 0 rg BT 192.86 573.60 Td (material ) Tj ET Q q 0 0 0 rg BT 228.05 573.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 261.02 573.60 Td (ef) Tj ET Q q 0 0 0 rg BT 268.61 573.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 286.03 573.60 Td (on ) Tj ET Q q 0 0 0 rg BT 298.46 573.60 Td (our ) Tj ET Q q 0 0 0 rg BT 314.23 573.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 353.05 573.60 Td (results ) Tj ET Q q 0 0 0 rg BT 381.60 573.60 Td (of ) Tj ET Q q 0 0 0 rg BT 392.36 573.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 436.45 573.60 Td (and ) Tj ET Q q 0 0 0 rg BT 453.32 573.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 490.74 573.60 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 542.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 100.17 542.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 143.80 542.70 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 195.29 542.70 Td ( ) Tj ET Q q 0 0 0 rg BT 197.79 542.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 225.84 542.70 Td (to ) Tj ET Q q 0 0 0 rg BT 236.12 542.70 Td (grow ) Tj ET Q q 0 0 0 rg BT 259.18 542.70 Td (depends ) Tj ET Q q 0 0 0 rg BT 295.01 542.70 Td (in ) Tj ET Q q 0 0 0 rg BT 305.85 542.70 Td (large ) Tj ET Q q 0 0 0 rg BT 329.46 542.70 Td (part ) Tj ET Q q 0 0 0 rg BT 348.63 542.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 372.25 542.70 Td (the ) Tj ET Q q 0 0 0 rg BT 387.53 542.70 Td (continued ) Tj ET Q q 0 0 0 rg BT 431.15 542.70 Td (availability ) Tj ET Q q 0 0 0 rg BT 479.19 542.70 Td (of ) Tj ET Q q 0 0 0 rg BT 490.02 542.70 Td (capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 521.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.72 521.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 163.21 521.70 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 213.01 521.70 Td ( ) Tj ET Q q 0 0 0 rg BT 215.18 521.70 Td (long-term ) Tj ET Q q 0 0 0 rg BT 256.79 521.70 Td (strategic ) Tj ET Q q 0 0 0 rg BT 292.83 521.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 321.65 521.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 376.02 521.70 Td (will ) Tj ET Q q 0 0 0 rg BT 393.75 521.70 Td (depend ) Tj ET Q q 0 0 0 rg BT 424.80 521.70 Td (on ) Tj ET Q q 0 0 0 rg BT 436.97 521.70 Td (many ) Tj ET Q q 0 0 0 rg BT 461.35 521.70 Td (factors, ) Tj ET Q q 0 0 0 rg BT 493.23 521.70 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 509.70 Td (their ) Tj ET Q q 0 0 0 rg BT 102.03 509.70 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 155.27 509.70 Td (statutory ) Tj ET Q q 0 0 0 rg BT 192.97 509.70 Td (earnings ) Tj ET Q q 0 0 0 rg BT 229.56 509.70 Td (and ) Tj ET Q q 0 0 0 rg BT 246.71 509.70 Td (the ) Tj ET Q q 0 0 0 rg BT 261.63 509.70 Td (relationship ) Tj ET Q q 0 0 0 rg BT 311.55 509.70 Td (between ) Tj ET Q q 0 0 0 rg BT 347.58 509.70 Td (their ) Tj ET Q q 0 0 0 rg BT 368.61 509.70 Td (statutory ) Tj ET Q q 0 0 0 rg BT 406.32 509.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 435.68 509.70 Td (and ) Tj ET Q q 0 0 0 rg BT 452.82 509.70 Td (surplus ) Tj ET Q q 0 0 0 rg BT 484.42 509.70 Td (and ) Tj ET Q q 0 0 0 rg BT 501.57 509.70 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 497.70 Td (elements ) Tj ET Q q 0 0 0 rg BT 119.36 497.70 Td (of ) Tj ET Q q 0 0 0 rg BT 130.50 497.70 Td (required ) Tj ET Q q 0 0 0 rg BT 166.63 497.70 Td (capital. ) Tj ET Q q 0 0 0 rg BT 198.39 497.70 Td (T) Tj ET Q q 0 0 0 rg BT 203.80 497.70 Td (o ) Tj ET Q q 0 0 0 rg BT 211.61 497.70 Td (support ) Tj ET Q q 0 0 0 rg BT 244.43 497.70 Td (their ) Tj ET Q q 0 0 0 rg BT 265.57 497.70 Td (long-term ) Tj ET Q q 0 0 0 rg BT 307.81 497.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 337.28 497.70 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 394.80 497.70 Td (we ) Tj ET Q q 0 0 0 rg BT 409.27 497.70 Td (and ) Tj ET Q q 0 0 0 rg BT 426.52 497.70 Td (our ) Tj ET Q q 0 0 0 rg BT 442.67 497.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 483.80 497.70 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 485.70 Td (may ) Tj ET Q q 0 0 0 rg BT 100.45 485.70 Td (need ) Tj ET Q q 0 0 0 rg BT 121.55 485.70 Td (to ) Tj ET Q q 0 0 0 rg BT 131.56 485.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 166.55 485.70 Td (or ) Tj ET Q q 0 0 0 rg BT 177.11 485.70 Td (maintain ) Tj ET Q q 0 0 0 rg BT 214.33 485.70 Td (their ) Tj ET Q q 0 0 0 rg BT 234.88 485.70 Td (statutory ) Tj ET Q q 0 0 0 rg BT 272.11 485.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 300.99 485.70 Td (and ) Tj ET Q q 0 0 0 rg BT 317.66 485.70 Td (surplus ) Tj ET Q q 0 0 0 rg BT 348.78 485.70 Td (through ) Tj ET Q q 0 0 0 rg BT 382.12 485.70 Td (financings, ) Tj ET Q q 0 0 0 rg BT 428.51 485.70 Td (which ) Tj ET Q q 0 0 0 rg BT 455.18 485.70 Td (could ) Tj ET Q q 0 0 0 rg BT 479.62 485.70 Td (include ) Tj ET Q q 0 0 0 rg BT 511.29 485.70 Td (debt, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 473.70 Td (equity) Tj ET Q q 0 0 0 rg BT 105.35 473.70 Td (, ) Tj ET Q q 0 0 0 rg BT 110.53 473.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 150.98 473.70 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 207.53 473.70 Td (or ) Tj ET Q q 0 0 0 rg BT 218.55 473.70 Td (other ) Tj ET Q q 0 0 0 rg BT 241.78 473.70 Td (surplus ) Tj ET Q q 0 0 0 rg BT 273.36 473.70 Td (relief ) Tj ET Q q 0 0 0 rg BT 297.14 473.70 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 349.50 473.70 Td (Adverse ) Tj ET Q q 0 0 0 rg BT 385.51 473.70 Td (market ) Tj ET Q q 0 0 0 rg BT 415.96 473.70 Td (conditions ) Tj ET Q q 0 0 0 rg BT 460.31 473.70 Td (have ) Tj ET Q q 0 0 0 rg BT 481.87 473.70 Td (af) Tj ET Q q 0 0 0 rg BT 489.46 473.70 Td (fected ) Tj ET Q q 0 0 0 rg BT 516.57 473.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 461.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 117.73 461.70 Td (to ) Tj ET Q q 0 0 0 rg BT 127.80 461.70 Td (af) Tj ET Q q 0 0 0 rg BT 135.39 461.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 152.67 461.70 Td (the ) Tj ET Q q 0 0 0 rg BT 167.19 461.70 Td (availability ) Tj ET Q q 0 0 0 rg BT 214.47 461.70 Td (and ) Tj ET Q q 0 0 0 rg BT 231.20 461.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 249.61 461.70 Td (of ) Tj ET Q q 0 0 0 rg BT 260.24 461.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 289.18 461.70 Td (from ) Tj ET Q q 0 0 0 rg BT 310.92 461.70 Td (external ) Tj ET Q q 0 0 0 rg BT 345.42 461.70 Td (sources. ) Tj ET Q q 0 0 0 rg BT 380.04 461.70 Td (W) Tj ET Q q 0 0 0 rg BT 388.67 461.70 Td (e ) Tj ET Q q 0 0 0 rg BT 395.41 461.70 Td (are ) Tj ET Q q 0 0 0 rg BT 409.91 461.70 Td (not ) Tj ET Q q 0 0 0 rg BT 424.99 461.70 Td (obligated, ) Tj ET Q q 0 0 0 rg BT 467.00 461.70 Td (and ) Tj ET Q q 0 0 0 rg BT 483.73 461.70 Td (may ) Tj ET Q q 0 0 0 rg BT 503.24 461.70 Td (choose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 449.70 Td (not ) Tj ET Q q 0 0 0 rg BT 95.54 449.70 Td (or ) Tj ET Q q 0 0 0 rg BT 105.64 449.70 Td (be ) Tj ET Q q 0 0 0 rg BT 116.85 449.70 Td (unable, ) Tj ET Q q 0 0 0 rg BT 147.77 449.70 Td (to ) Tj ET Q q 0 0 0 rg BT 157.31 449.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 189.63 449.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 229.16 449.70 Td (or ) Tj ET Q q 0 0 0 rg BT 239.25 449.70 Td (make ) Tj ET Q q 0 0 0 rg BT 262.68 449.70 Td (any ) Tj ET Q q 0 0 0 rg BT 278.88 449.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 307.30 449.70 Td (contribution ) Tj ET Q q 0 0 0 rg BT 357.95 449.70 Td (to ) Tj ET Q q 0 0 0 rg BT 367.49 449.70 Td (our ) Tj ET Q q 0 0 0 rg BT 382.59 449.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 422.67 449.70 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 474.15 449.70 Td (Consequently) Tj ET Q q 0 0 0 rg BT 528.50 449.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 437.70 Td (financings, ) Tj ET Q q 0 0 0 rg BT 126.51 437.70 Td (if ) Tj ET Q q 0 0 0 rg BT 133.97 437.70 Td (available ) Tj ET Q q 0 0 0 rg BT 171.42 437.70 Td (at ) Tj ET Q q 0 0 0 rg BT 179.99 437.70 Td (all, ) Tj ET Q q 0 0 0 rg BT 193.84 437.70 Td (may ) Tj ET Q q 0 0 0 rg BT 212.41 437.70 Td (be ) Tj ET Q q 0 0 0 rg BT 223.20 437.70 Td (available ) Tj ET Q q 0 0 0 rg BT 260.65 437.70 Td (only ) Tj ET Q q 0 0 0 rg BT 279.78 437.70 Td (on ) Tj ET Q q 0 0 0 rg BT 291.14 437.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 314.71 437.70 Td (that ) Tj ET Q q 0 0 0 rg BT 331.06 437.70 Td (are ) Tj ET Q q 0 0 0 rg BT 344.62 437.70 Td (not ) Tj ET Q q 0 0 0 rg BT 358.75 437.70 Td (favorable ) Tj ET Q q 0 0 0 rg BT 397.86 437.70 Td (to ) Tj ET Q q 0 0 0 rg BT 407.00 437.70 Td (us ) Tj ET Q q 0 0 0 rg BT 417.24 437.70 Td (or ) Tj ET Q q 0 0 0 rg BT 426.93 437.70 Td (our ) Tj ET Q q 0 0 0 rg BT 441.61 437.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 481.28 437.70 Td (subsidiaries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 425.70 Td (If ) Tj ET Q q 0 0 0 rg BT 90.63 425.70 Td (our ) Tj ET Q q 0 0 0 rg BT 106.92 425.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 148.20 425.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 198.39 425.70 Td (cannot ) Tj ET Q q 0 0 0 rg BT 228.01 425.70 Td (maintain ) Tj ET Q q 0 0 0 rg BT 265.97 425.70 Td (adequate ) Tj ET Q q 0 0 0 rg BT 304.46 425.70 Td (capital, ) Tj ET Q q 0 0 0 rg BT 336.58 425.70 Td (they ) Tj ET Q q 0 0 0 rg BT 356.76 425.70 Td (may ) Tj ET Q q 0 0 0 rg BT 376.95 425.70 Td (be ) Tj ET Q q 0 0 0 rg BT 389.35 425.70 Td (required ) Tj ET Q q 0 0 0 rg BT 425.63 425.70 Td (to ) Tj ET Q q 0 0 0 rg BT 436.38 425.70 Td (limit ) Tj ET Q q 0 0 0 rg BT 458.24 425.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 489.53 425.70 Td (in ) Tj ET Q q 0 0 0 rg BT 500.28 425.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 522.68 425.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 413.70 Td (new ) Tj ET Q q 0 0 0 rg BT 100.16 413.70 Td (policies, ) Tj ET Q q 0 0 0 rg BT 136.26 413.70 Td (and ) Tj ET Q q 0 0 0 rg BT 153.20 413.70 Td (such ) Tj ET Q q 0 0 0 rg BT 174.03 413.70 Td (action ) Tj ET Q q 0 0 0 rg BT 200.97 413.70 Td (could ) Tj ET Q q 0 0 0 rg BT 225.68 413.70 Td (materially ) Tj ET Q q 0 0 0 rg BT 268.72 413.70 Td (adversely ) Tj ET Q q 0 0 0 rg BT 309.54 413.70 Td (af) Tj ET Q q 0 0 0 rg BT 317.12 413.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 334.61 413.70 Td (our ) Tj ET Q q 0 0 0 rg BT 350.44 413.70 Td (business, ) Tj ET Q q 0 0 0 rg BT 389.33 413.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 433.49 413.70 Td (and ) Tj ET Q q 0 0 0 rg BT 450.42 413.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 487.90 413.70 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 392.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 368.70 Td (W) Tj ET Q q 0 0 0 rg BT 89.15 368.70 Td (e ) Tj ET Q q 0 0 0 rg BT 96.88 368.70 Td (and ) Tj ET Q q 0 0 0 rg BT 115.73 368.70 Td (HRG ) Tj ET Q q 0 0 0 rg BT 140.69 368.70 Td (may ) Tj ET Q q 0 0 0 rg BT 161.20 368.70 Td (be ) Tj ET Q q 0 0 0 rg BT 173.92 368.70 Td (the ) Tj ET Q q 0 0 0 rg BT 189.99 368.70 Td (target ) Tj ET Q q 0 0 0 rg BT 217.17 368.70 Td (of ) Tj ET Q q 0 0 0 rg BT 228.79 368.70 Td (future ) Tj ET Q q 0 0 0 rg BT 257.64 368.70 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 300.66 368.70 Td (law ) Tj ET Q q 0 0 0 rg BT 318.40 368.70 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 373.35 368.70 Td (investigations ) Tj ET Q q 0 0 0 rg BT 433.31 368.70 Td (or ) Tj ET Q q 0 0 0 rg BT 445.49 368.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 488.22 368.70 Td (regulatory ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 356.70 Td (scrutiny) Tj ET Q q 0 0 0 rg BT 113.97 356.70 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.47 356.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 340.20 Td (The ) Tj ET Q q 0 0 0 rg BT 123.22 340.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.87 340.20 Td (services ) Tj ET Q q 0 0 0 rg BT 195.74 340.20 Td (industry) Tj ET Q q 0 0 0 rg BT 227.87 340.20 Td (, ) Tj ET Q q 0 0 0 rg BT 233.04 340.20 Td (including ) Tj ET Q q 0 0 0 rg BT 273.49 340.20 Td (the ) Tj ET Q q 0 0 0 rg BT 288.37 340.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 329.36 340.20 Td (sector) Tj ET Q q 0 0 0 rg BT 352.83 340.20 Td (, ) Tj ET Q q 0 0 0 rg BT 358.00 340.20 Td (is ) Tj ET Q q 0 0 0 rg BT 367.34 340.20 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 412.79 340.20 Td (the ) Tj ET Q q 0 0 0 rg BT 427.67 340.20 Td (tar) Tj ET Q q 0 0 0 rg BT 438.04 340.20 Td (get ) Tj ET Q q 0 0 0 rg BT 452.93 340.20 Td (of ) Tj ET Q q 0 0 0 rg BT 463.93 340.20 Td (law ) Tj ET Q q 0 0 0 rg BT 481.04 340.20 Td (enforcement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 328.20 Td (and ) Tj ET Q q 0 0 0 rg BT 98.54 328.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 142.74 328.20 Td (investigations ) Tj ET Q q 0 0 0 rg BT 201.40 328.20 Td (or ) Tj ET Q q 0 0 0 rg BT 212.83 328.20 Td (other ) Tj ET Q q 0 0 0 rg BT 236.48 328.20 Td (actions ) Tj ET Q q 0 0 0 rg BT 267.91 328.20 Td (resulting ) Tj ET Q q 0 0 0 rg BT 306.01 328.20 Td (from ) Tj ET Q q 0 0 0 rg BT 328.56 328.20 Td (such ) Tj ET Q q 0 0 0 rg BT 349.99 328.20 Td (investigations. ) Tj ET Q q 0 0 0 rg BT 411.15 328.20 Td (Resulting ) Tj ET Q q 0 0 0 rg BT 452.59 328.20 Td (publicity ) Tj ET Q q 0 0 0 rg BT 491.24 328.20 Td (about ) Tj ET Q q 0 0 0 rg BT 516.56 328.20 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 316.20 Td (such ) Tj ET Q q 0 0 0 rg BT 100.75 316.20 Td (investigation ) Tj ET Q q 0 0 0 rg BT 153.82 316.20 Td (or ) Tj ET Q q 0 0 0 rg BT 163.57 316.20 Td (action ) Tj ET Q q 0 0 0 rg BT 189.42 316.20 Td (may ) Tj ET Q q 0 0 0 rg BT 208.05 316.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 243.33 316.20 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 279.74 316.20 Td (or ) Tj ET Q q 0 0 0 rg BT 289.49 316.20 Td (investigations ) Tj ET Q q 0 0 0 rg BT 346.45 316.20 Td (into ) Tj ET Q q 0 0 0 rg BT 363.43 316.20 Td (or ) Tj ET Q q 0 0 0 rg BT 373.17 316.20 Td (litigation ) Tj ET Q q 0 0 0 rg BT 410.70 316.20 Td (against ) Tj ET Q q 0 0 0 rg BT 440.44 316.20 Td (other ) Tj ET Q q 0 0 0 rg BT 462.40 316.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.80 316.20 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 304.20 Td (companies, ) Tj ET Q q 0 0 0 rg BT 127.67 304.20 Td (even ) Tj ET Q q 0 0 0 rg BT 147.96 304.20 Td (those ) Tj ET Q q 0 0 0 rg BT 170.48 304.20 Td (who ) Tj ET Q q 0 0 0 rg BT 189.11 304.20 Td (do ) Tj ET Q q 0 0 0 rg BT 200.52 304.20 Td (not ) Tj ET Q q 0 0 0 rg BT 214.71 304.20 Td (engage ) Tj ET Q q 0 0 0 rg BT 244.44 304.20 Td (in ) Tj ET Q q 0 0 0 rg BT 253.62 304.20 Td (the ) Tj ET Q q 0 0 0 rg BT 267.25 304.20 Td (business ) Tj ET Q q 0 0 0 rg BT 302.55 304.20 Td (lines ) Tj ET Q q 0 0 0 rg BT 322.85 304.20 Td (or ) Tj ET Q q 0 0 0 rg BT 332.59 304.20 Td (practices ) Tj ET Q q 0 0 0 rg BT 369.53 304.20 Td (at ) Tj ET Q q 0 0 0 rg BT 378.16 304.20 Td (issue ) Tj ET Q q 0 0 0 rg BT 399.57 304.20 Td (in ) Tj ET Q q 0 0 0 rg BT 408.76 304.20 Td (the ) Tj ET Q q 0 0 0 rg BT 422.38 304.20 Td (original ) Tj ET Q q 0 0 0 rg BT 454.90 304.20 Td (action. ) Tj ET Q q 0 0 0 rg BT 483.24 304.20 Td (Responding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 292.20 Td (to ) Tj ET Q q 0 0 0 rg BT 92.47 292.20 Td (these ) Tj ET Q q 0 0 0 rg BT 116.71 292.20 Td (inquiries, ) Tj ET Q q 0 0 0 rg BT 157.90 292.20 Td (investigations ) Tj ET Q q 0 0 0 rg BT 217.14 292.20 Td (and ) Tj ET Q q 0 0 0 rg BT 235.27 292.20 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 274.25 292.20 Td (regardless ) Tj ET Q q 0 0 0 rg BT 318.48 292.20 Td (of ) Tj ET Q q 0 0 0 rg BT 330.50 292.20 Td (the ) Tj ET Q q 0 0 0 rg BT 346.41 292.20 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 382.87 292.20 Td (outcome ) Tj ET Q q 0 0 0 rg BT 421.00 292.20 Td (of ) Tj ET Q q 0 0 0 rg BT 433.02 292.20 Td (the ) Tj ET Q q 0 0 0 rg BT 448.93 292.20 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 499.55 292.20 Td (is ) Tj ET Q q 0 0 0 rg BT 509.91 292.20 Td (time-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 280.20 Td (consuming ) Tj ET Q q 0 0 0 rg BT 127.39 280.20 Td (and ) Tj ET Q q 0 0 0 rg BT 144.33 280.20 Td (expensive ) Tj ET Q q 0 0 0 rg BT 186.81 280.20 Td (and ) Tj ET Q q 0 0 0 rg BT 203.75 280.20 Td (can ) Tj ET Q q 0 0 0 rg BT 220.13 280.20 Td (divert ) Tj ET Q q 0 0 0 rg BT 245.95 280.20 Td (the ) Tj ET Q q 0 0 0 rg BT 260.67 280.20 Td (time ) Tj ET Q q 0 0 0 rg BT 280.94 280.20 Td (and ) Tj ET Q q 0 0 0 rg BT 297.88 280.20 Td (ef) Tj ET Q q 0 0 0 rg BT 305.47 280.20 Td (fort ) Tj ET Q q 0 0 0 rg BT 322.41 280.20 Td (of ) Tj ET Q q 0 0 0 rg BT 333.24 280.20 Td (our ) Tj ET Q q 0 0 0 rg BT 349.07 280.20 Td (management ) Tj ET Q q 0 0 0 rg BT 402.66 280.20 Td (from ) Tj ET Q q 0 0 0 rg BT 424.59 280.20 Td (its ) Tj ET Q q 0 0 0 rg BT 436.54 280.20 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 259.20 Td (Future ) Tj ET Q q 0 0 0 rg BT 132.78 259.20 Td (legislation ) Tj ET Q q 0 0 0 rg BT 176.10 259.20 Td (or ) Tj ET Q q 0 0 0 rg BT 186.10 259.20 Td (regulation ) Tj ET Q q 0 0 0 rg BT 228.31 259.20 Td (or ) Tj ET Q q 0 0 0 rg BT 238.31 259.20 Td (governmental ) Tj ET Q q 0 0 0 rg BT 294.96 259.20 Td (views ) Tj ET Q q 0 0 0 rg BT 319.95 259.20 Td (on ) Tj ET Q q 0 0 0 rg BT 331.62 259.20 Td (business ) Tj ET Q q 0 0 0 rg BT 367.18 259.20 Td (practices ) Tj ET Q q 0 0 0 rg BT 404.38 259.20 Td (in ) Tj ET Q q 0 0 0 rg BT 413.83 259.20 Td (the ) Tj ET Q q 0 0 0 rg BT 427.71 259.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 464.36 259.20 Td (services ) Tj ET Q q 0 0 0 rg BT 498.23 259.20 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 247.20 Td (may ) Tj ET Q q 0 0 0 rg BT 100.63 247.20 Td (result ) Tj ET Q q 0 0 0 rg BT 125.25 247.20 Td (in ) Tj ET Q q 0 0 0 rg BT 135.44 247.20 Td (our ) Tj ET Q q 0 0 0 rg BT 151.18 247.20 Td (altering ) Tj ET Q q 0 0 0 rg BT 184.13 247.20 Td (our ) Tj ET Q q 0 0 0 rg BT 199.87 247.20 Td (practices ) Tj ET Q q 0 0 0 rg BT 237.81 247.20 Td (in ) Tj ET Q q 0 0 0 rg BT 248.00 247.20 Td (ways ) Tj ET Q q 0 0 0 rg BT 270.96 247.20 Td (that ) Tj ET Q q 0 0 0 rg BT 288.37 247.20 Td (could ) Tj ET Q q 0 0 0 rg BT 312.99 247.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 353.72 247.20 Td (af) Tj ET Q q 0 0 0 rg BT 361.31 247.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 378.70 247.20 Td (our ) Tj ET Q q 0 0 0 rg BT 394.44 247.20 Td (business ) Tj ET Q q 0 0 0 rg BT 430.74 247.20 Td (and ) Tj ET Q q 0 0 0 rg BT 447.59 247.20 Td (results ) Tj ET Q q 0 0 0 rg BT 476.11 247.20 Td (of ) Tj ET Q q 0 0 0 rg BT 486.85 247.20 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 235.20 Td (It ) Tj ET Q q 0 0 0 rg BT 89.32 235.20 Td (is ) Tj ET Q q 0 0 0 rg BT 98.21 235.20 Td (impossible ) Tj ET Q q 0 0 0 rg BT 143.75 235.20 Td (to ) Tj ET Q q 0 0 0 rg BT 153.75 235.20 Td (predict ) Tj ET Q q 0 0 0 rg BT 183.72 235.20 Td (the ) Tj ET Q q 0 0 0 rg BT 198.15 235.20 Td (outcome ) Tj ET Q q 0 0 0 rg BT 234.80 235.20 Td (of ) Tj ET Q q 0 0 0 rg BT 245.34 235.20 Td (such ) Tj ET Q q 0 0 0 rg BT 265.89 235.20 Td (investigations ) Tj ET Q q 0 0 0 rg BT 323.65 235.20 Td (or ) Tj ET Q q 0 0 0 rg BT 334.19 235.20 Td (actions, ) Tj ET Q q 0 0 0 rg BT 367.23 235.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 401.65 235.20 Td (they ) Tj ET Q q 0 0 0 rg BT 421.08 235.20 Td (will ) Tj ET Q q 0 0 0 rg BT 438.85 235.20 Td (expand ) Tj ET Q q 0 0 0 rg BT 469.94 235.20 Td (into ) Tj ET Q q 0 0 0 rg BT 487.71 235.20 Td (other ) Tj ET Q q 0 0 0 rg BT 510.47 235.20 Td (areas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 223.20 Td (not ) Tj ET Q q 0 0 0 rg BT 96.18 223.20 Td (yet ) Tj ET Q q 0 0 0 rg BT 110.80 223.20 Td (contemplated, ) Tj ET Q q 0 0 0 rg BT 169.57 223.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 204.18 223.20 Td (they ) Tj ET Q q 0 0 0 rg BT 223.81 223.20 Td (will ) Tj ET Q q 0 0 0 rg BT 241.77 223.20 Td (result ) Tj ET Q q 0 0 0 rg BT 266.39 223.20 Td (in ) Tj ET Q q 0 0 0 rg BT 276.57 223.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 311.18 223.20 Td (in ) Tj ET Q q 0 0 0 rg BT 321.36 223.20 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 366.81 223.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 401.42 223.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 439.92 223.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 478.42 223.20 Td (thought ) Tj ET Q q 0 0 0 rg BT 511.38 223.20 Td (to ) Tj ET Q q 0 0 0 rg BT 521.56 223.20 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 211.20 Td (lawful ) Tj ET Q q 0 0 0 rg BT 110.13 211.20 Td (will ) Tj ET Q q 0 0 0 rg BT 129.26 211.20 Td (be ) Tj ET Q q 0 0 0 rg BT 142.28 211.20 Td (characterized ) Tj ET Q q 0 0 0 rg BT 199.14 211.20 Td (as ) Tj ET Q q 0 0 0 rg BT 211.05 211.20 Td (unlawful, ) Tj ET Q q 0 0 0 rg BT 252.68 211.20 Td (or ) Tj ET Q q 0 0 0 rg BT 264.59 211.20 Td (the ) Tj ET Q q 0 0 0 rg BT 280.38 211.20 Td (impact, ) Tj ET Q q 0 0 0 rg BT 313.68 211.20 Td (if ) Tj ET Q q 0 0 0 rg BT 323.36 211.20 Td (any) Tj ET Q q 0 0 0 rg BT 337.15 211.20 Td (, ) Tj ET Q q 0 0 0 rg BT 343.23 211.20 Td (of ) Tj ET Q q 0 0 0 rg BT 355.14 211.20 Td (such ) Tj ET Q q 0 0 0 rg BT 377.05 211.20 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 412.85 211.20 Td (on ) Tj ET Q q 0 0 0 rg BT 426.42 211.20 Td (the ) Tj ET Q q 0 0 0 rg BT 442.22 211.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.78 211.20 Td (services ) Tj ET Q q 0 0 0 rg BT 516.57 211.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 199.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 120.73 199.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 154.92 199.20 Td (or ) Tj ET Q q 0 0 0 rg BT 164.66 199.20 Td (on ) Tj ET Q q 0 0 0 rg BT 176.07 199.20 Td (us. ) Tj ET Q q 0 0 0 rg BT 188.57 199.20 Td (Adverse ) Tj ET Q q 0 0 0 rg BT 223.30 199.20 Td (publicity) Tj ET Q q 0 0 0 rg BT 258.20 199.20 Td (, ) Tj ET Q q 0 0 0 rg BT 262.11 199.20 Td (governmental ) Tj ET Q q 0 0 0 rg BT 318.51 199.20 Td (scrutiny) Tj ET Q q 0 0 0 rg BT 350.07 199.20 Td (, ) Tj ET Q q 0 0 0 rg BT 353.99 199.20 Td (pending ) Tj ET Q q 0 0 0 rg BT 387.62 199.20 Td (or ) Tj ET Q q 0 0 0 rg BT 397.36 199.20 Td (future ) Tj ET Q q 0 0 0 rg BT 422.65 199.20 Td (investigations ) Tj ET Q q 0 0 0 rg BT 479.61 199.20 Td (by ) Tj ET Q q 0 0 0 rg BT 491.03 199.20 Td (regulators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 187.20 Td (or ) Tj ET Q q 0 0 0 rg BT 91.18 187.20 Td (law ) Tj ET Q q 0 0 0 rg BT 107.47 187.20 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 159.30 187.20 Td (agencies ) Tj ET Q q 0 0 0 rg BT 195.57 187.20 Td (and/or ) Tj ET Q q 0 0 0 rg BT 222.97 187.20 Td (legal ) Tj ET Q q 0 0 0 rg BT 244.26 187.20 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 294.42 187.20 Td (involving ) Tj ET Q q 0 0 0 rg BT 334.61 187.20 Td (us ) Tj ET Q q 0 0 0 rg BT 345.35 187.20 Td (or ) Tj ET Q q 0 0 0 rg BT 355.54 187.20 Td (our ) Tj ET Q q 0 0 0 rg BT 370.72 187.20 Td (af) Tj ET Q q 0 0 0 rg BT 378.31 187.20 Td (filiates ) Tj ET Q q 0 0 0 rg BT 407.37 187.20 Td (can ) Tj ET Q q 0 0 0 rg BT 423.10 187.20 Td (also ) Tj ET Q q 0 0 0 rg BT 441.06 187.20 Td (have ) Tj ET Q q 0 0 0 rg BT 461.79 187.20 Td (a ) Tj ET Q q 0 0 0 rg BT 468.08 187.20 Td (negative ) Tj ET Q q 0 0 0 rg BT 503.80 187.20 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 175.20 Td (on ) Tj ET Q q 0 0 0 rg BT 92.77 175.20 Td (our ) Tj ET Q q 0 0 0 rg BT 107.87 175.20 Td (reputation ) Tj ET Q q 0 0 0 rg BT 150.17 175.20 Td (and ) Tj ET Q q 0 0 0 rg BT 166.38 175.20 Td (on ) Tj ET Q q 0 0 0 rg BT 178.15 175.20 Td (the ) Tj ET Q q 0 0 0 rg BT 192.13 175.20 Td (morale ) Tj ET Q q 0 0 0 rg BT 221.66 175.20 Td (and ) Tj ET Q q 0 0 0 rg BT 237.87 175.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 290.16 175.20 Td (of ) Tj ET Q q 0 0 0 rg BT 300.26 175.20 Td (employees, ) Tj ET Q q 0 0 0 rg BT 347.29 175.20 Td (and ) Tj ET Q q 0 0 0 rg BT 363.50 175.20 Td (on ) Tj ET Q q 0 0 0 rg BT 375.26 175.20 Td (business ) Tj ET Q q 0 0 0 rg BT 410.92 175.20 Td (retention ) Tj ET Q q 0 0 0 rg BT 448.23 175.20 Td (and ) Tj ET Q q 0 0 0 rg BT 464.44 175.20 Td (new ) Tj ET Q q 0 0 0 rg BT 482.87 175.20 Td (sales, ) Tj ET Q q 0 0 0 rg BT 506.57 175.20 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 163.20 Td (could ) Tj ET Q q 0 0 0 rg BT 105.72 163.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 146.53 163.20 Td (af) Tj ET Q q 0 0 0 rg BT 154.12 163.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 171.61 163.20 Td (our ) Tj ET Q q 0 0 0 rg BT 187.44 163.20 Td (business ) Tj ET Q q 0 0 0 rg BT 223.83 163.20 Td (and ) Tj ET Q q 0 0 0 rg BT 240.77 163.20 Td (results ) Tj ET Q q 0 0 0 rg BT 269.37 163.20 Td (of ) Tj ET Q q 0 0 0 rg BT 280.20 163.20 Td (operations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 137.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 124.60 137.70 Td (services ) Tj ET Q q 0 0 0 rg BT 159.84 137.70 Td (companies ) Tj ET Q q 0 0 0 rg BT 206.76 137.70 Td (are ) Tj ET Q q 0 0 0 rg BT 223.12 137.70 Td (frequently ) Tj ET Q q 0 0 0 rg BT 268.37 137.70 Td (the ) Tj ET Q q 0 0 0 rg BT 284.18 137.70 Td (targets ) Tj ET Q q 0 0 0 rg BT 314.99 137.70 Td (of ) Tj ET Q q 0 0 0 rg BT 326.35 137.70 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 369.12 137.70 Td (including ) Tj ET Q q 0 0 0 rg BT 411.61 137.70 Td (class ) Tj ET Q q 0 0 0 rg BT 434.64 137.70 Td (action ) Tj ET Q q 0 0 0 rg BT 463.23 137.70 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 505.99 137.70 Td (which ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 125.70 Td (could ) Tj ET Q q 0 0 0 rg BT 106.28 125.70 Td (result ) Tj ET Q q 0 0 0 rg BT 132.12 125.70 Td (in ) Tj ET Q q 0 0 0 rg BT 142.96 125.70 Td (substantial ) Tj ET Q q 0 0 0 rg BT 190.48 125.70 Td (judgments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.77 125.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 109.20 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 109.20 Td (e, ) Tj ET Q q 0 0 0 rg BT 122.93 109.20 Td (like ) Tj ET Q q 0 0 0 rg BT 140.28 109.20 Td (other ) Tj ET Q q 0 0 0 rg BT 163.18 109.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 200.51 109.20 Td (services ) Tj ET Q q 0 0 0 rg BT 235.07 109.20 Td (companies, ) Tj ET Q q 0 0 0 rg BT 282.68 109.20 Td (are ) Tj ET Q q 0 0 0 rg BT 297.24 109.20 Td (involved ) Tj ET Q q 0 0 0 rg BT 334.59 109.20 Td (in ) Tj ET Q q 0 0 0 rg BT 344.72 109.20 Td (litigation ) Tj ET Q q 0 0 0 rg BT 383.18 109.20 Td (and ) Tj ET Q q 0 0 0 rg BT 399.97 109.20 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 443.98 109.20 Td (in ) Tj ET Q q 0 0 0 rg BT 454.11 109.20 Td (the ) Tj ET Q q 0 0 0 rg BT 468.68 109.20 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 504.91 109.20 Td (course ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 97.20 Td (of ) Tj ET Q q 0 0 0 rg BT 91.66 97.20 Td (business. ) Tj ET Q q 0 0 0 rg BT 129.87 97.20 Td (Although ) Tj ET Q q 0 0 0 rg BT 169.97 97.20 Td (we ) Tj ET Q q 0 0 0 rg BT 183.96 97.20 Td (do ) Tj ET Q q 0 0 0 rg BT 196.29 97.20 Td (not ) Tj ET Q q 0 0 0 rg BT 211.40 97.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 242.60 97.20 Td (that ) Tj ET Q q 0 0 0 rg BT 259.92 97.20 Td (the ) Tj ET Q q 0 0 0 rg BT 274.47 97.20 Td (outcome ) Tj ET Q q 0 0 0 rg BT 311.23 97.20 Td (of ) Tj ET Q q 0 0 0 rg BT 321.89 97.20 Td (any ) Tj ET Q q 0 0 0 rg BT 338.66 97.20 Td (such ) Tj ET Q q 0 0 0 rg BT 359.32 97.20 Td (litigation ) Tj ET Q q 0 0 0 rg BT 397.76 97.20 Td (or ) Tj ET Q q 0 0 0 rg BT 408.42 97.20 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 452.40 97.20 Td (will ) Tj ET Q q 0 0 0 rg BT 470.28 97.20 Td (have ) Tj ET Q q 0 0 0 rg BT 491.49 97.20 Td (a ) Tj ET Q q 0 0 0 rg BT 498.25 97.20 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 85.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 113.61 85.20 Td (ef) Tj ET Q q 0 0 0 rg BT 121.20 85.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 138.25 85.20 Td (on ) Tj ET Q q 0 0 0 rg BT 150.32 85.20 Td (our ) Tj ET Q q 0 0 0 rg BT 165.72 85.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 202.77 85.20 Td (condition, ) Tj ET Q q 0 0 0 rg BT 245.12 85.20 Td (it ) Tj ET Q q 0 0 0 rg BT 252.74 85.20 Td (is ) Tj ET Q q 0 0 0 rg BT 261.48 85.20 Td (possible ) Tj ET Q q 0 0 0 rg BT 296.33 85.20 Td (our ) Tj ET Q q 0 0 0 rg BT 311.73 85.20 Td (results ) Tj ET Q q 0 0 0 rg BT 339.91 85.20 Td (of ) Tj ET Q q 0 0 0 rg BT 350.31 85.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 394.04 85.20 Td (and ) Tj ET Q q 0 0 0 rg BT 410.55 85.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 430.38 85.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 454.68 85.20 Td (could ) Tj ET Q q 0 0 0 rg BT 478.96 85.20 Td (be ) Tj ET Q q 0 0 0 rg BT 490.47 85.20 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 73.20 Td (af) Tj ET Q q 0 0 0 rg BT 88.59 73.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 116.30 73.20 Td (by ) Tj ET Q q 0 0 0 rg BT 129.60 73.20 Td (an ) Tj ET Q q 0 0 0 rg BT 142.33 73.20 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 193.37 73.20 Td (outcome. ) Tj ET Q q 0 0 0 rg BT 233.60 73.20 Td (More ) Tj ET Q q 0 0 0 rg BT 258.55 73.20 Td (generally) Tj ET Q q 0 0 0 rg BT 295.11 73.20 Td (, ) Tj ET Q q 0 0 0 rg BT 300.90 73.20 Td (we ) Tj ET Q q 0 0 0 rg BT 315.85 73.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 348.57 73.20 Td (in ) Tj ET Q q 0 0 0 rg BT 359.64 73.20 Td (an ) Tj ET Q q 0 0 0 rg BT 372.37 73.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 408.44 73.20 Td (in ) Tj ET Q q 0 0 0 rg BT 419.51 73.20 Td (which ) Tj ET Q q 0 0 0 rg BT 447.24 73.20 Td (various ) Tj ET Q q 0 0 0 rg BT 479.97 73.20 Td (practices ) Tj ET Q q 0 0 0 rg BT 518.80 73.20 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 61.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 111.31 61.20 Td (to ) Tj ET Q q 0 0 0 rg BT 121.07 61.20 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 155.27 61.20 Td (and ) Tj ET Q q 0 0 0 rg BT 171.69 61.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 208.67 61.20 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 249.26 61.20 Td (including ) Tj ET Q q 0 0 0 rg BT 289.02 61.20 Td (class ) Tj ET Q q 0 0 0 rg BT 310.44 61.20 Td (actions. ) Tj ET Q q 0 0 0 rg BT 343.25 61.20 Td (In ) Tj ET Q q 0 0 0 rg BT 353.56 61.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 390.82 61.20 Td (we ) Tj ET Q q 0 0 0 rg BT 404.46 61.20 Td (sell ) Tj ET Q q 0 0 0 rg BT 420.34 61.20 Td (our ) Tj ET Q q 0 0 0 rg BT 435.65 61.20 Td (products ) Tj ET Q q 0 0 0 rg BT 472.07 61.20 Td (through ) Tj ET Q q 0 0 0 rg BT 505.16 61.20 Td (IMOs, ) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (whose ) Tj ET Q q 0 0 0 rg BT 109.96 735.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 149.46 735.60 Td (may ) Tj ET Q q 0 0 0 rg BT 170.08 735.60 Td (be ) Tj ET Q q 0 0 0 rg BT 182.92 735.60 Td (dif) Tj ET Q q 0 0 0 rg BT 193.85 735.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 218.36 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 229.54 735.60 Td (monitor) Tj ET Q q 0 0 0 rg BT 260.66 735.60 Td (. ) Tj ET Q q 0 0 0 rg BT 266.56 735.60 Td (Civil ) Tj ET Q q 0 0 0 rg BT 289.97 735.60 Td (jury ) Tj ET Q q 0 0 0 rg BT 309.48 735.60 Td (verdicts ) Tj ET Q q 0 0 0 rg BT 344.54 735.60 Td (have ) Tj ET Q q 0 0 0 rg BT 366.83 735.60 Td (been ) Tj ET Q q 0 0 0 rg BT 389.11 735.60 Td (returned ) Tj ET Q q 0 0 0 rg BT 425.83 735.60 Td (against ) Tj ET Q q 0 0 0 rg BT 457.56 735.60 Td (insurers ) Tj ET Q q 0 0 0 rg BT 492.62 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 510.47 735.60 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 121.71 723.60 Td (services ) Tj ET Q q 0 0 0 rg BT 159.66 723.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 208.15 723.60 Td (involving ) Tj ET Q q 0 0 0 rg BT 252.22 723.60 Td (sales, ) Tj ET Q q 0 0 0 rg BT 279.89 723.60 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 337.28 723.60 Td (practices, ) Tj ET Q q 0 0 0 rg BT 381.05 723.60 Td (product ) Tj ET Q q 0 0 0 rg BT 417.33 723.60 Td (design, ) Tj ET Q q 0 0 0 rg BT 451.67 723.60 Td (product ) Tj ET Q q 0 0 0 rg BT 487.95 723.60 Td (disclosure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (administration, ) Tj ET Q q 0 0 0 rg BT 144.19 711.60 Td (denial ) Tj ET Q q 0 0 0 rg BT 171.54 711.60 Td (or ) Tj ET Q q 0 0 0 rg BT 182.79 711.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 207.37 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 218.62 711.60 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 255.69 711.60 Td (char) Tj ET Q q 0 0 0 rg BT 272.72 711.60 Td (ging ) Tj ET Q q 0 0 0 rg BT 293.42 711.60 Td (excessive ) Tj ET Q q 0 0 0 rg BT 334.65 711.60 Td (or ) Tj ET Q q 0 0 0 rg BT 345.90 711.60 Td (impermissible ) Tj ET Q q 0 0 0 rg BT 405.48 711.60 Td (fees, ) Tj ET Q q 0 0 0 rg BT 427.00 711.60 Td (recommending ) Tj ET Q q 0 0 0 rg BT 489.90 711.60 Td (unsuitable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (products ) Tj ET Q q 0 0 0 rg BT 117.88 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 128.09 699.60 Td (customers, ) Tj ET Q q 0 0 0 rg BT 173.57 699.60 Td (breaching ) Tj ET Q q 0 0 0 rg BT 215.43 699.60 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 253.96 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 264.73 699.60 Td (other ) Tj ET Q q 0 0 0 rg BT 287.71 699.60 Td (duties ) Tj ET Q q 0 0 0 rg BT 314.04 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 324.25 699.60 Td (customers, ) Tj ET Q q 0 0 0 rg BT 369.74 699.60 Td (refund ) Tj ET Q q 0 0 0 rg BT 398.27 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 409.04 699.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 437.58 699.60 Td (practices, ) Tj ET Q q 0 0 0 rg BT 478.05 699.60 Td (alleged ) Tj ET Q q 0 0 0 rg BT 509.35 699.60 Td (agent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (misconduct, ) Tj ET Q q 0 0 0 rg BT 132.43 687.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 161.35 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.96 687.60 Td (properly ) Tj ET Q q 0 0 0 rg BT 208.67 687.60 Td (supervise ) Tj ET Q q 0 0 0 rg BT 249.26 687.60 Td (representatives, ) Tj ET Q q 0 0 0 rg BT 314.56 687.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 368.50 687.60 Td (with ) Tj ET Q q 0 0 0 rg BT 389.10 687.60 Td (agents ) Tj ET Q q 0 0 0 rg BT 417.48 687.60 Td (or ) Tj ET Q q 0 0 0 rg BT 428.64 687.60 Td (other ) Tj ET Q q 0 0 0 rg BT 452.01 687.60 Td (persons ) Tj ET Q q 0 0 0 rg BT 485.39 687.60 Td (with ) Tj ET Q q 0 0 0 rg BT 506.00 687.60 Td (whom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.48 675.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 125.51 675.60 Td (does ) Tj ET Q q 0 0 0 rg BT 146.10 675.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 184.76 675.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 221.46 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 232.05 675.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 253.75 675.60 Td (or ) Tj ET Q q 0 0 0 rg BT 264.34 675.60 Td (other ) Tj ET Q q 0 0 0 rg BT 287.15 675.60 Td (contingent ) Tj ET Q q 0 0 0 rg BT 331.63 675.60 Td (commissions ) Tj ET Q q 0 0 0 rg BT 386.12 675.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.82 675.60 Td (other ) Tj ET Q q 0 0 0 rg BT 425.63 675.60 Td (matters. ) Tj ET Q q 0 0 0 rg BT 459.83 675.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 482.09 675.60 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 517.13 675.60 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (result ) Tj ET Q q 0 0 0 rg BT 106.70 663.60 Td (in ) Tj ET Q q 0 0 0 rg BT 117.96 663.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 164.21 663.60 Td (judgments ) Tj ET Q q 0 0 0 rg BT 209.36 663.60 Td (that ) Tj ET Q q 0 0 0 rg BT 227.83 663.60 Td (are ) Tj ET Q q 0 0 0 rg BT 243.52 663.60 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 312.54 663.60 Td (to ) Tj ET Q q 0 0 0 rg BT 323.80 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 339.50 663.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 366.85 663.60 Td (damages, ) Tj ET Q q 0 0 0 rg BT 407.82 663.60 Td (including ) Tj ET Q q 0 0 0 rg BT 449.07 663.60 Td (material ) Tj ET Q q 0 0 0 rg BT 485.31 663.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 522.68 663.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (punitive ) Tj ET Q q 0 0 0 rg BT 117.46 651.60 Td (non-economic ) Tj ET Q q 0 0 0 rg BT 178.36 651.60 Td (compensatory ) Tj ET Q q 0 0 0 rg BT 238.14 651.60 Td (damages. ) Tj ET Q q 0 0 0 rg BT 279.32 651.60 Td (In ) Tj ET Q q 0 0 0 rg BT 291.34 651.60 Td (some ) Tj ET Q q 0 0 0 rg BT 316.14 651.60 Td (states, ) Tj ET Q q 0 0 0 rg BT 344.54 651.60 Td (juries, ) Tj ET Q q 0 0 0 rg BT 372.95 651.60 Td (judges ) Tj ET Q q 0 0 0 rg BT 402.75 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.88 651.60 Td (arbitrators ) Tj ET Q q 0 0 0 rg BT 465.66 651.60 Td (have ) Tj ET Q q 0 0 0 rg BT 488.23 651.60 Td (substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (discretion ) Tj ET Q q 0 0 0 rg BT 125.14 639.60 Td (in ) Tj ET Q q 0 0 0 rg BT 137.63 639.60 Td (awarding ) Tj ET Q q 0 0 0 rg BT 179.55 639.60 Td (punitive ) Tj ET Q q 0 0 0 rg BT 217.04 639.60 Td (and ) Tj ET Q q 0 0 0 rg BT 236.19 639.60 Td (non-economic ) Tj ET Q q 0 0 0 rg BT 298.10 639.60 Td (compensatory ) Tj ET Q q 0 0 0 rg BT 358.90 639.60 Td (damages, ) Tj ET Q q 0 0 0 rg BT 401.10 639.60 Td (which ) Tj ET Q q 0 0 0 rg BT 430.25 639.60 Td (creates ) Tj ET Q q 0 0 0 rg BT 462.71 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.64 639.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 519.34 639.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.60 Td (unpredictable ) Tj ET Q q 0 0 0 rg BT 138.56 627.60 Td (material ) Tj ET Q q 0 0 0 rg BT 174.45 627.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 208.12 627.60 Td (judgments ) Tj ET Q q 0 0 0 rg BT 252.92 627.60 Td (or ) Tj ET Q q 0 0 0 rg BT 264.39 627.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 295.85 627.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.76 627.60 Td (any ) Tj ET Q q 0 0 0 rg BT 324.34 627.60 Td (given ) Tj ET Q q 0 0 0 rg BT 349.69 627.60 Td (lawsuit ) Tj ET Q q 0 0 0 rg BT 381.71 627.60 Td (or ) Tj ET Q q 0 0 0 rg BT 393.18 627.60 Td (arbitration. ) Tj ET Q q 0 0 0 rg BT 439.77 627.60 Td (Arbitration ) Tj ET Q q 0 0 0 rg BT 487.34 627.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 518.80 627.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.38 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.21 615.60 Td (very ) Tj ET Q q 0 0 0 rg BT 144.03 615.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 175.42 615.60 Td (appellate ) Tj ET Q q 0 0 0 rg BT 214.56 615.60 Td (review) Tj ET Q q 0 0 0 rg BT 241.11 615.60 Td (. ) Tj ET Q q 0 0 0 rg BT 246.67 615.60 Td (In ) Tj ET Q q 0 0 0 rg BT 258.05 615.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 296.38 615.60 Td (in ) Tj ET Q q 0 0 0 rg BT 307.21 615.60 Td (some ) Tj ET Q q 0 0 0 rg BT 331.37 615.60 Td (class ) Tj ET Q q 0 0 0 rg BT 353.86 615.60 Td (action ) Tj ET Q q 0 0 0 rg BT 381.35 615.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.84 615.60 Td (other ) Tj ET Q q 0 0 0 rg BT 422.44 615.60 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 460.77 615.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.81 615.60 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 603.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 126.26 603.60 Td (have ) Tj ET Q q 0 0 0 rg BT 147.64 603.60 Td (made ) Tj ET Q q 0 0 0 rg BT 171.80 603.60 Td (material ) Tj ET Q q 0 0 0 rg BT 207.05 603.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 250.65 603.60 Td (payments. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 578.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 100.30 578.10 Td (reinsurers, ) Tj ET Q q 0 0 0 rg BT 147.66 578.10 Td (including ) Tj ET Q q 0 0 0 rg BT 189.56 578.10 Td (W) Tj ET Q q 0 0 0 rg BT 198.08 578.10 Td (ilton ) Tj ET Q q 0 0 0 rg BT 219.60 578.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 233.33 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.52 578.10 Td (FSRCI, ) Tj ET Q q 0 0 0 rg BT 286.11 578.10 Td (could ) Tj ET Q q 0 0 0 rg BT 311.52 578.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 328.03 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.43 578.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 360.49 578.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 398.68 578.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 449.37 578.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 486.44 578.10 Td (their ) Tj ET Q q 0 0 0 rg BT 508.51 578.10 Td (rates, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 566.10 Td (or ) Tj ET Q q 0 0 0 rg BT 94.16 566.10 Td (become ) Tj ET Q q 0 0 0 rg BT 129.53 566.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 162.68 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.73 566.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 210.10 566.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 269.91 566.10 Td (that ) Tj ET Q q 0 0 0 rg BT 290.30 566.10 Td (could ) Tj ET Q q 0 0 0 rg BT 317.35 566.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 363.28 566.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 405.86 566.10 Td (af) Tj ET Q q 0 0 0 rg BT 414.01 566.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 433.27 566.10 Td (our ) Tj ET Q q 0 0 0 rg BT 451.99 566.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 493.78 566.10 Td (financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 554.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 122.40 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.46 554.10 Td (results ) Tj ET Q q 0 0 0 rg BT 170.19 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.02 554.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 537.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 121.91 537.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 161.58 537.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 210.15 537.60 Td (cede ) Tj ET Q q 0 0 0 rg BT 229.82 537.60 Td (material ) Tj ET Q q 0 0 0 rg BT 263.93 537.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 299.17 537.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.85 537.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 348.52 537.60 Td (and ) Tj ET Q q 0 0 0 rg BT 364.31 537.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 396.21 537.60 Td (related ) Tj ET Q q 0 0 0 rg BT 424.76 537.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.45 537.60 Td (and ) Tj ET Q q 0 0 0 rg BT 465.24 537.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 493.79 537.60 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 525.60 Td (to ) Tj ET Q q 0 0 0 rg BT 92.24 525.60 Td (other ) Tj ET Q q 0 0 0 rg BT 116.25 525.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 158.03 525.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 204.26 525.60 Td (through ) Tj ET Q q 0 0 0 rg BT 238.83 525.60 Td (reinsurance. ) Tj ET Q q 0 0 0 rg BT 290.88 525.60 Td (For ) Tj ET Q q 0 0 0 rg BT 308.23 525.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 348.07 525.60 Td (a ) Tj ET Q q 0 0 0 rg BT 355.97 525.60 Td (material ) Tj ET Q q 0 0 0 rg BT 392.19 525.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 425.65 525.60 Td (of ) Tj ET Q q 0 0 0 rg BT 437.44 525.60 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 478.11 525.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 518.79 525.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 513.60 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 134.45 513.60 Td (with ) Tj ET Q q 0 0 0 rg BT 154.42 513.60 Td (W) Tj ET Q q 0 0 0 rg BT 163.46 513.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 184.16 513.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 197.64 513.60 Td (and ) Tj ET Q q 0 0 0 rg BT 214.45 513.60 Td (FSRCI. ) Tj ET Q q 0 0 0 rg BT 246.59 513.60 Td (As ) Tj ET Q q 0 0 0 rg BT 260.07 513.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.77 513.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 330.90 513.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.90 513.60 Td (, ) Tj ET Q q 0 0 0 rg BT 355.77 513.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.35 513.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 402.71 513.60 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 451.71 513.60 Td (from ) Tj ET Q q 0 0 0 rg BT 473.35 513.60 Td (W) Tj ET Q q 0 0 0 rg BT 482.39 513.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 503.09 513.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 516.57 513.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 501.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 111.45 501.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.66 501.60 Td ($1,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.16 501.60 Td ( ) Tj ET Q q 0 0 0 rg BT 159.81 501.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.90 501.60 Td ($1,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.40 501.60 Td (, ) Tj ET Q q 0 0 0 rg BT 209.56 501.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 257.22 501.60 Td (. ) Tj ET Q q 0 0 0 rg BT 262.38 501.60 Td (Given ) Tj ET Q q 0 0 0 rg BT 289.47 501.60 Td (our ) Tj ET Q q 0 0 0 rg BT 305.46 501.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 350.32 501.60 Td (concentration ) Tj ET Q q 0 0 0 rg BT 407.40 501.60 Td (of ) Tj ET Q q 0 0 0 rg BT 418.38 501.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 467.12 501.60 Td (with ) Tj ET Q q 0 0 0 rg BT 487.36 501.60 Td (W) Tj ET Q q 0 0 0 rg BT 496.40 501.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 517.39 501.60 Td (Re, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 489.60 Td (if ) Tj ET Q q 0 0 0 rg BT 88.65 489.60 Td (W) Tj ET Q q 0 0 0 rg BT 97.68 489.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 117.68 489.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 130.44 489.60 Td (fails ) Tj ET Q q 0 0 0 rg BT 149.32 489.60 Td (to ) Tj ET Q q 0 0 0 rg BT 158.75 489.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 192.62 489.60 Td (its ) Tj ET Q q 0 0 0 rg BT 203.72 489.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 249.83 489.60 Td (under ) Tj ET Q q 0 0 0 rg BT 274.25 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.13 489.60 Td (various ) Tj ET Q q 0 0 0 rg BT 319.22 489.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 366.96 489.60 Td (treaties, ) Tj ET Q q 0 0 0 rg BT 399.99 489.60 Td (such ) Tj ET Q q 0 0 0 rg BT 419.98 489.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 447.73 489.60 Td (could ) Tj ET Q q 0 0 0 rg BT 471.61 489.60 Td (have ) Tj ET Q q 0 0 0 rg BT 492.14 489.60 Td (a ) Tj ET Q q 0 0 0 rg BT 498.24 489.60 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 477.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.39 477.60 Td (on ) Tj ET Q q 0 0 0 rg BT 122.56 477.60 Td (our ) Tj ET Q q 0 0 0 rg BT 138.07 477.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.22 477.60 Td (position. ) Tj ET Q q 0 0 0 rg BT 212.13 477.60 Td (See ) Tj ET Q q 0 0 0 rg BT 228.74 477.60 Td (Business- ) Tj ET Q q 0 0 0 rg BT 274.24 477.60 Td (Reinsurance-W) Tj ET Q q 0 0 0 rg BT 336.04 477.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 356.55 477.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 369.67 477.60 Td (T) Tj ET Q q 0 0 0 rg BT 375.43 477.60 Td (ransaction. ) Tj ET Q q 0 0 0 rg BT 425.64 477.60 Td (However) Tj ET Q q 0 0 0 rg BT 461.89 477.60 Td (, ) Tj ET Q q 0 0 0 rg BT 466.56 477.60 Td (notwithstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.09 465.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 129.49 465.60 Td (of ) Tj ET Q q 0 0 0 rg BT 140.69 465.60 Td (related ) Tj ET Q q 0 0 0 rg BT 170.77 465.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 196.97 465.60 Td (and ) Tj ET Q q 0 0 0 rg BT 214.28 465.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 244.35 465.60 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 286.93 465.60 Td (we ) Tj ET Q q 0 0 0 rg BT 301.46 465.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 332.10 465.60 Td (liable ) Tj ET Q q 0 0 0 rg BT 357.18 465.60 Td (with ) Tj ET Q q 0 0 0 rg BT 377.83 465.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 409.01 465.60 Td (to ) Tj ET Q q 0 0 0 rg BT 419.66 465.60 Td (ceded ) Tj ET Q q 0 0 0 rg BT 445.85 465.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 487.03 465.60 Td (should ) Tj ET Q q 0 0 0 rg BT 516.57 465.60 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 453.60 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 118.64 453.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 134.06 453.60 Td (to ) Tj ET Q q 0 0 0 rg BT 143.94 453.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 165.47 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.79 453.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 226.33 453.60 Td (assumed. ) Tj ET Q q 0 0 0 rg BT 264.91 453.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 314.24 453.60 Td (, ) Tj ET Q q 0 0 0 rg BT 318.84 453.60 Td (we ) Tj ET Q q 0 0 0 rg BT 332.60 453.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 351.91 453.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 376.77 453.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 393.87 453.60 Td (with ) Tj ET Q q 0 0 0 rg BT 413.75 453.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 444.16 453.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.04 453.60 Td (our ) Tj ET Q q 0 0 0 rg BT 469.47 453.60 Td (reinsurers. ) Tj ET Q q 0 0 0 rg BT 513.50 453.60 Td ( ) Tj ET Q q 0 0 0 rg BT 515.45 453.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 441.60 Td (failure, ) Tj ET Q q 0 0 0 rg BT 112.35 441.60 Td (insolvency) Tj ET Q q 0 0 0 rg BT 155.03 441.60 Td (, ) Tj ET Q q 0 0 0 rg BT 160.28 441.60 Td (inability ) Tj ET Q q 0 0 0 rg BT 196.37 441.60 Td (or ) Tj ET Q q 0 0 0 rg BT 207.46 441.60 Td (unwillingness ) Tj ET Q q 0 0 0 rg BT 265.77 441.60 Td (of ) Tj ET Q q 0 0 0 rg BT 276.85 441.60 Td (any ) Tj ET Q q 0 0 0 rg BT 294.05 441.60 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 332.34 441.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.88 441.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 360.07 441.60 Td (under ) Tj ET Q q 0 0 0 rg BT 385.60 441.60 Td (the ) Tj ET Q q 0 0 0 rg BT 400.57 441.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 425.54 441.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.63 441.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 485.47 441.60 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 429.60 Td (with ) Tj ET Q q 0 0 0 rg BT 101.52 429.60 Td (us ) Tj ET Q q 0 0 0 rg BT 113.16 429.60 Td (could ) Tj ET Q q 0 0 0 rg BT 138.13 429.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 181.41 429.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 222.47 429.60 Td (af) Tj ET Q q 0 0 0 rg BT 230.06 429.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 247.79 429.60 Td (our ) Tj ET Q q 0 0 0 rg BT 263.87 429.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 303.01 429.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 340.73 429.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 381.25 429.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.44 429.60 Td (results ) Tj ET Q q 0 0 0 rg BT 427.29 429.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.37 429.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 485.07 429.60 Td (T) Tj ET Q q 0 0 0 rg BT 490.48 429.60 Td (o ) Tj ET Q q 0 0 0 rg BT 498.23 429.60 Td (mitigate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 417.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.44 417.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 148.21 417.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 165.43 417.60 Td (for ) Tj ET Q q 0 0 0 rg BT 179.32 417.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.77 417.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 223.79 417.60 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 272.39 417.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.83 417.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 312.39 417.60 Td (are ) Tj ET Q q 0 0 0 rg BT 326.83 417.60 Td (held ) Tj ET Q q 0 0 0 rg BT 346.27 417.60 Td (on ) Tj ET Q q 0 0 0 rg BT 358.50 417.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 377.02 417.60 Td ( ) Tj ET Q q 0 0 0 rg BT 379.25 417.60 Td (Insurance's ) Tj ET Q q 0 0 0 rg BT 426.04 417.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 458.80 417.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 481.57 417.60 Td (and ) Tj ET Q q 0 0 0 rg BT 498.24 417.60 Td (are ) Tj ET Q q 0 0 0 rg BT 512.67 417.60 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 405.60 Td (as ) Tj ET Q q 0 0 0 rg BT 92.04 405.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 131.95 405.60 Td (in ) Tj ET Q q 0 0 0 rg BT 142.43 405.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.36 405.60 Td (event ) Tj ET Q q 0 0 0 rg BT 181.72 405.60 Td (of ) Tj ET Q q 0 0 0 rg BT 192.76 405.60 Td (a ) Tj ET Q q 0 0 0 rg BT 199.91 405.60 Td (failure. ) Tj ET Q q 0 0 0 rg BT 231.21 405.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.92 405.60 Td (For ) Tj ET Q q 0 0 0 rg BT 250.33 405.60 Td (W) Tj ET Q q 0 0 0 rg BT 259.36 405.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 280.41 405.60 Td (Re, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.13 405.60 Td (A+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.99 405.60 Td ( ) Tj ET Q q 0 0 0 rg BT 311.70 405.60 Td (rated ) Tj ET Q q 0 0 0 rg BT 334.39 405.60 Td (from ) Tj ET Q q 0 0 0 rg BT 356.54 405.60 Td (Fitch, ) Tj ET Q q 0 0 0 rg BT 382.30 405.60 Td (we ) Tj ET Q q 0 0 0 rg BT 396.67 405.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 431.05 405.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.97 405.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 471.45 405.60 Td (rating. ) Tj ET Q q 0 0 0 rg BT 499.98 405.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.69 405.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 393.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 103.04 393.60 Td (W) Tj ET Q q 0 0 0 rg BT 112.08 393.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 132.62 393.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 145.93 393.60 Td (announced ) Tj ET Q q 0 0 0 rg BT 191.44 393.60 Td (their ) Tj ET Q q 0 0 0 rg BT 211.97 393.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 249.71 393.60 Td (by ) Tj ET Q q 0 0 0 rg BT 261.91 393.60 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 301.87 393.60 Td (Pension ) Tj ET Q q 0 0 0 rg BT 335.74 393.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 355.72 393.60 Td (Investment ) Tj ET Q q 0 0 0 rg BT 402.36 393.60 Td (Board, ) Tj ET Q q 0 0 0 rg BT 431.50 393.60 Td (\("CCIB"\), ) Tj ET Q q 0 0 0 rg BT 474.36 393.60 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 393.60 Td ( ) Tj ET Q q 0 0 0 rg BT 487.72 393.60 Td (AAA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.83 393.60 Td ( ) Tj ET Q q 0 0 0 rg BT 511.03 393.60 Td (rated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 381.60 Td (or) Tj ET Q q 0 0 0 rg BT 89.15 381.60 Td (ganization. ) Tj ET Q q 0 0 0 rg BT 135.84 381.60 Td ( ) Tj ET Q q 0 0 0 rg BT 138.20 381.60 Td (W) Tj ET Q q 0 0 0 rg BT 147.24 381.60 Td (ith ) Tj ET Q q 0 0 0 rg BT 160.34 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.09 381.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 204.29 381.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 244.59 381.60 Td (of ) Tj ET Q q 0 0 0 rg BT 255.46 381.60 Td (CCIB ) Tj ET Q q 0 0 0 rg BT 281.34 381.60 Td (behind ) Tj ET Q q 0 0 0 rg BT 310.91 381.60 Td (W) Tj ET Q q 0 0 0 rg BT 319.95 381.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 340.83 381.60 Td (Re, ) Tj ET Q q 0 0 0 rg BT 356.98 381.60 Td (we ) Tj ET Q q 0 0 0 rg BT 371.18 381.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 402.59 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 417.35 381.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 470.43 381.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 487.97 381.60 Td (is ) Tj ET Q q 0 0 0 rg BT 497.18 381.60 Td (low) Tj ET Q q 0 0 0 rg BT 511.53 381.60 Td (. ) Tj ET Q q 0 0 0 rg BT 516.57 381.60 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 369.60 Td (Business- ) Tj ET Q q 0 0 0 rg BT 126.83 369.60 Td (Reinsurance-W) Tj ET Q q 0 0 0 rg BT 188.62 369.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 209.46 369.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 222.88 369.60 Td (T) Tj ET Q q 0 0 0 rg BT 228.64 369.60 Td (ransaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 348.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.57 348.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 150.14 348.60 Td (to ) Tj ET Q q 0 0 0 rg BT 159.94 348.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 195.83 348.60 Td (is ) Tj ET Q q 0 0 0 rg BT 204.52 348.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 247.63 348.60 Td (on ) Tj ET Q q 0 0 0 rg BT 259.65 348.60 Td (the ) Tj ET Q q 0 0 0 rg BT 273.89 348.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 320.89 348.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.24 348.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 379.34 348.60 Td (or ) Tj ET Q q 0 0 0 rg BT 389.69 348.60 Td (other ) Tj ET Q q 0 0 0 rg BT 412.26 348.60 Td (substitute ) Tj ET Q q 0 0 0 rg BT 452.61 348.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 492.40 348.60 Td (solutions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 336.60 Td (both ) Tj ET Q q 0 0 0 rg BT 101.77 336.60 Td (of ) Tj ET Q q 0 0 0 rg BT 113.09 336.60 Td (which ) Tj ET Q q 0 0 0 rg BT 140.52 336.60 Td (could ) Tj ET Q q 0 0 0 rg BT 165.73 336.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 198.71 336.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.92 336.60 Td (use ) Tj ET Q q 0 0 0 rg BT 230.24 336.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.56 336.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 290.64 336.60 Td (af) Tj ET Q q 0 0 0 rg BT 298.22 336.60 Td (filiates ) Tj ET Q q 0 0 0 rg BT 328.43 336.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 363.05 336.60 Td (to ) Tj ET Q q 0 0 0 rg BT 373.82 336.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 414.02 336.60 Td (as ) Tj ET Q q 0 0 0 rg BT 425.34 336.60 Td (captives. ) Tj ET Q q 0 0 0 rg BT 472.47 336.60 Td (Premium ) Tj ET Q q 0 0 0 rg BT 512.12 336.60 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 324.60 Td (char) Tj ET Q q 0 0 0 rg BT 98.03 324.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 114.30 324.60 Td (by ) Tj ET Q q 0 0 0 rg BT 126.14 324.60 Td (us ) Tj ET Q q 0 0 0 rg BT 136.87 324.60 Td (are ) Tj ET Q q 0 0 0 rg BT 150.91 324.60 Td (based, ) Tj ET Q q 0 0 0 rg BT 178.02 324.60 Td (in ) Tj ET Q q 0 0 0 rg BT 187.63 324.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 207.52 324.60 Td (on ) Tj ET Q q 0 0 0 rg BT 219.36 324.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.41 324.60 Td (assumption ) Tj ET Q q 0 0 0 rg BT 280.80 324.60 Td (that ) Tj ET Q q 0 0 0 rg BT 297.64 324.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 345.56 324.60 Td (will ) Tj ET Q q 0 0 0 rg BT 362.95 324.60 Td (be ) Tj ET Q q 0 0 0 rg BT 374.23 324.60 Td (available ) Tj ET Q q 0 0 0 rg BT 412.15 324.60 Td (at ) Tj ET Q q 0 0 0 rg BT 421.21 324.60 Td (a ) Tj ET Q q 0 0 0 rg BT 427.48 324.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 456.52 324.60 Td (cost. ) Tj ET Q q 0 0 0 rg BT 476.97 324.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 503.80 324.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 312.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 129.29 312.60 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 179.53 312.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.95 312.60 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 231.69 312.60 Td (may ) Tj ET Q q 0 0 0 rg BT 251.12 312.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 286.08 312.60 Td (the ) Tj ET Q q 0 0 0 rg BT 300.50 312.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 317.69 312.60 Td (it ) Tj ET Q q 0 0 0 rg BT 325.45 312.60 Td (char) Tj ET Q q 0 0 0 rg BT 342.48 312.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 358.02 312.60 Td (us ) Tj ET Q q 0 0 0 rg BT 369.11 312.60 Td (for ) Tj ET Q q 0 0 0 rg BT 382.98 312.60 Td (the ) Tj ET Q q 0 0 0 rg BT 397.40 312.60 Td (reinsurance. ) Tj ET Q q 0 0 0 rg BT 448.03 312.60 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 492.15 312.60 Td (if ) Tj ET Q q 0 0 0 rg BT 500.47 312.60 Td (the ) Tj ET Q q 0 0 0 rg BT 514.89 312.60 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 300.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.88 300.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 140.52 300.60 Td (were ) Tj ET Q q 0 0 0 rg BT 162.50 300.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.83 300.60 Td (increase, ) Tj ET Q q 0 0 0 rg BT 210.63 300.60 Td (if ) Tj ET Q q 0 0 0 rg BT 219.29 300.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 267.93 300.60 Td (were ) Tj ET Q q 0 0 0 rg BT 289.91 300.60 Td (to ) Tj ET Q q 0 0 0 rg BT 300.24 300.60 Td (become ) Tj ET Q q 0 0 0 rg BT 333.88 300.60 Td (unavailable ) Tj ET Q q 0 0 0 rg BT 382.52 300.60 Td (on ) Tj ET Q q 0 0 0 rg BT 395.07 300.60 Td (commercially ) Tj ET Q q 0 0 0 rg BT 452.60 300.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 497.90 300.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 522.67 300.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 288.60 Td (at ) Tj ET Q q 0 0 0 rg BT 90.10 288.60 Td (all, ) Tj ET Q q 0 0 0 rg BT 104.47 288.60 Td (if ) Tj ET Q q 0 0 0 rg BT 112.46 288.60 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 160.43 288.60 Td (to ) Tj ET Q q 0 0 0 rg BT 170.09 288.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 218.06 288.60 Td (were ) Tj ET Q q 0 0 0 rg BT 239.37 288.60 Td (not ) Tj ET Q q 0 0 0 rg BT 254.03 288.60 Td (available ) Tj ET Q q 0 0 0 rg BT 292.00 288.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.66 288.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 314.93 288.60 Td (if ) Tj ET Q q 0 0 0 rg BT 322.92 288.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.02 288.60 Td (use ) Tj ET Q q 0 0 0 rg BT 352.23 288.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.44 288.60 Td (captives ) Tj ET Q q 0 0 0 rg BT 397.09 288.60 Td (were ) Tj ET Q q 0 0 0 rg BT 418.40 288.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 460.82 288.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 499.90 288.60 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 276.60 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 126.17 276.60 Td (including ) Tj ET Q q 0 0 0 rg BT 166.07 276.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 195.39 276.60 Td (general ) Tj ET Q q 0 0 0 rg BT 226.94 276.60 Td (proposals ) Tj ET Q q 0 0 0 rg BT 267.40 276.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 305.62 276.60 Td (under ) Tj ET Q q 0 0 0 rg BT 330.51 276.60 Td (consideration ) Tj ET Q q 0 0 0 rg BT 386.51 276.60 Td (by ) Tj ET Q q 0 0 0 rg BT 398.64 276.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.98 276.60 Td (NAIC, ) Tj ET Q q 0 0 0 rg BT 442.05 276.60 Td (our ) Tj ET Q q 0 0 0 rg BT 457.50 276.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 496.02 276.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 264.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 121.27 264.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.21 264.60 Td (results ) Tj ET Q q 0 0 0 rg BT 166.82 264.60 Td (of ) Tj ET Q q 0 0 0 rg BT 177.65 264.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 221.81 264.60 Td (could ) Tj ET Q q 0 0 0 rg BT 246.52 264.60 Td (be ) Tj ET Q q 0 0 0 rg BT 258.46 264.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 301.50 264.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 342.31 264.60 Td (af) Tj ET Q q 0 0 0 rg BT 349.90 264.60 Td (fected. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 243.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.83 243.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 149.89 243.60 Td (for ) Tj ET Q q 0 0 0 rg BT 164.83 243.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 214.21 243.60 Td (taken ) Tj ET Q q 0 0 0 rg BT 239.15 243.60 Td (by ) Tj ET Q q 0 0 0 rg BT 252.44 243.60 Td (our ) Tj ET Q q 0 0 0 rg BT 269.05 243.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 310.66 243.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 361.16 243.60 Td (under ) Tj ET Q q 0 0 0 rg BT 387.22 243.60 Td (of) Tj ET Q q 0 0 0 rg BT 395.37 243.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 423.64 243.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 473.02 243.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 521.84 243.60 Td (is, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 231.60 Td (under ) Tj ET Q q 0 0 0 rg BT 105.54 231.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 134.52 231.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 180.46 231.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 223.33 231.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 245.10 231.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.10 231.60 Td (of) Tj ET Q q 0 0 0 rg BT 267.25 231.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 294.01 231.60 Td (reinsurer) Tj ET Q q 0 0 0 rg BT 329.92 231.60 Td () Tj ET Q q 0 0 0 rg BT 332.70 231.60 Td (s ) Tj ET Q q 0 0 0 rg BT 338.36 231.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 365.69 231.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.24 231.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 402.01 231.60 Td (and ) Tj ET Q q 0 0 0 rg BT 418.23 231.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 450.55 231.60 Td (suf) Tj ET Q q 0 0 0 rg BT 462.59 231.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 489.91 231.60 Td (qualifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 219.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 106.83 219.60 Td (in ) Tj ET Q q 0 0 0 rg BT 117.11 219.60 Td (a ) Tj ET Q q 0 0 0 rg BT 124.05 219.60 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 167.65 219.60 Td (trust ) Tj ET Q q 0 0 0 rg BT 187.93 219.60 Td (or ) Tj ET Q q 0 0 0 rg BT 198.76 219.60 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 242.36 219.60 Td (letters ) Tj ET Q q 0 0 0 rg BT 269.30 219.60 Td (of ) Tj ET Q q 0 0 0 rg BT 280.13 219.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 305.39 219.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 332.89 219.60 Td (by ) Tj ET Q q 0 0 0 rg BT 345.39 219.60 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 388.99 219.60 Td (lending ) Tj ET Q q 0 0 0 rg BT 421.49 219.60 Td (banks. ) Tj ET Q q 0 0 0 rg BT 449.64 219.60 Td (The ) Tj ET Q q 0 0 0 rg BT 467.68 219.60 Td (cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 207.60 Td (of letters of credit, when available, continues to be very expensive in the current economic environment. Loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 195.60 Td (reserve credit by an insurance subsidiary would require it to establish additional reserves and would result in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 183.60 Td (decrease in the level of its capital, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 375.13 183.60 Td (fect on our profitability) Tj ET Q q 0 0 0 rg BT 468.06 183.60 Td (, results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 171.60 Td (operations and financial condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 150.60 Td (In ) Tj ET Q q 0 0 0 rg BT 114.69 150.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 140.48 150.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 165.44 150.60 Td (access ) Tj ET Q q 0 0 0 rg BT 192.34 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 201.49 150.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 248.93 150.60 Td (has ) Tj ET Q q 0 0 0 rg BT 263.63 150.60 Td (become ) Tj ET Q q 0 0 0 rg BT 296.09 150.60 Td (more ) Tj ET Q q 0 0 0 rg BT 318.00 150.60 Td (costly ) Tj ET Q q 0 0 0 rg BT 343.25 150.60 Td (for ) Tj ET Q q 0 0 0 rg BT 356.27 150.60 Td (members ) Tj ET Q q 0 0 0 rg BT 394.29 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 403.98 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 417.56 150.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 457.24 150.60 Td (industry) Tj ET Q q 0 0 0 rg BT 489.37 150.60 Td (, ) Tj ET Q q 0 0 0 rg BT 493.24 150.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 138.60 Td (us. ) Tj ET Q q 0 0 0 rg BT 95.98 138.60 Td (In ) Tj ET Q q 0 0 0 rg BT 107.89 138.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 146.75 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.55 138.60 Td (number ) Tj ET Q q 0 0 0 rg BT 196.68 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 208.59 138.60 Td (life ) Tj ET Q q 0 0 0 rg BT 225.50 138.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 268.51 138.60 Td (has ) Tj ET Q q 0 0 0 rg BT 285.43 138.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 328.43 138.60 Td (as ) Tj ET Q q 0 0 0 rg BT 340.34 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 356.14 138.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 405.81 138.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 442.17 138.60 Td (has ) Tj ET Q q 0 0 0 rg BT 459.09 138.60 Td (consolidated. ) Tj ET Q q 0 0 0 rg BT 515.45 138.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 126.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 123.83 126.60 Td (number ) Tj ET Q q 0 0 0 rg BT 157.80 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.55 126.60 Td (participants ) Tj ET Q q 0 0 0 rg BT 219.62 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 230.82 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.46 126.60 Td (life ) Tj ET Q q 0 0 0 rg BT 263.20 126.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 312.71 126.60 Td (market ) Tj ET Q q 0 0 0 rg BT 343.89 126.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 378.97 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 390.17 126.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 431.34 126.60 Td (concentration ) Tj ET Q q 0 0 0 rg BT 489.18 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 500.93 126.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 519.35 126.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 114.60 Td (insurers, ) Tj ET Q q 0 0 0 rg BT 117.65 114.60 Td (including ) Tj ET Q q 0 0 0 rg BT 157.91 114.60 Td (us. ) Tj ET Q q 0 0 0 rg BT 171.79 114.60 Td (If ) Tj ET Q q 0 0 0 rg BT 180.93 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.64 114.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 244.21 114.60 Td (market ) Tj ET Q q 0 0 0 rg BT 274.46 114.60 Td (further ) Tj ET Q q 0 0 0 rg BT 304.15 114.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 345.23 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 361.05 114.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 389.09 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 399.35 114.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 436.27 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 446.54 114.60 Td (of) Tj ET Q q 0 0 0 rg BT 454.69 114.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 468.27 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 484.09 114.60 Td (products ) Tj ET Q q 0 0 0 rg BT 521.02 114.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 102.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 105.45 102.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 145.43 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 155.44 102.60 Td (us ) Tj ET Q q 0 0 0 rg BT 166.57 102.60 Td (could ) Tj ET Q q 0 0 0 rg BT 191.01 102.60 Td (be ) Tj ET Q q 0 0 0 rg BT 202.68 102.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 246.57 102.60 Td (impacted, ) Tj ET Q q 0 0 0 rg BT 287.95 102.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 325.17 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 335.18 102.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 367.95 102.60 Td (consequences ) Tj ET Q q 0 0 0 rg BT 425.16 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 435.17 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 450.73 102.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 489.35 102.60 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 90.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 135.42 90.60 Td (condition. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 80.40 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 68.40 Td (In ) Tj ET Q q 0 0 0 rg BT 116.28 68.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 154.51 68.40 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 196.89 68.40 Td (are ) Tj ET Q q 0 0 0 rg BT 212.05 68.40 Td (facing ) Tj ET Q q 0 0 0 rg BT 239.98 68.40 Td (many ) Tj ET Q q 0 0 0 rg BT 265.15 68.40 Td (challenges ) Tj ET Q q 0 0 0 rg BT 310.31 68.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 351.57 68.40 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 383.42 68.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 409.13 68.40 Td (or ) Tj ET Q q 0 0 0 rg BT 420.41 68.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 450.01 68.40 Td (markets, ) Tj ET Q q 0 0 0 rg BT 487.12 68.40 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 56.40 Td (downgrades, ) Tj ET Q q 0 0 0 rg BT 133.78 56.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 159.06 56.40 Td (agency ) Tj ET Q q 0 0 0 rg BT 189.33 56.40 Td (downgrades, ) Tj ET Q q 0 0 0 rg BT 242.11 56.40 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 295.16 56.40 Td (of ) Tj ET Q q 0 0 0 rg BT 305.45 56.40 Td (general ) Tj ET Q q 0 0 0 rg BT 336.83 56.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 377.66 56.40 Td (conditions ) Tj ET Q q 0 0 0 rg BT 421.28 56.40 Td (and ) Tj ET Q q 0 0 0 rg BT 437.68 56.40 Td (other ) Tj ET Q q 0 0 0 rg BT 460.18 56.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 489.35 56.40 Td (negatively ) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (impacting ) Tj ET Q q 0 0 0 rg BT 123.42 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.07 735.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.49 735.60 Td (services ) Tj ET Q q 0 0 0 rg BT 210.13 735.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 245.34 735.60 Td (generally) Tj ET Q q 0 0 0 rg BT 281.89 735.60 Td (. ) Tj ET Q q 0 0 0 rg BT 286.82 735.60 Td (If ) Tj ET Q q 0 0 0 rg BT 295.92 735.60 Td (such ) Tj ET Q q 0 0 0 rg BT 316.68 735.60 Td (events ) Tj ET Q q 0 0 0 rg BT 344.66 735.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 369.30 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 376.17 735.60 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 414.14 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 424.35 735.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 440.11 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 450.32 735.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 472.19 735.60 Td (its ) Tj ET Q q 0 0 0 rg BT 484.07 735.60 Td (obligations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 96.83 723.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 135.72 723.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 173.20 723.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 213.48 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 230.41 723.60 Td (results ) Tj ET Q q 0 0 0 rg BT 259.02 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 269.85 723.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 314.01 723.60 Td (could ) Tj ET Q q 0 0 0 rg BT 338.72 723.60 Td (be ) Tj ET Q q 0 0 0 rg BT 350.66 723.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 393.70 723.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 434.52 723.60 Td (af) Tj ET Q q 0 0 0 rg BT 442.10 723.60 Td (fected. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 698.10 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 132.04 698.10 Td (on ) Tj ET Q q 0 0 0 rg BT 144.75 698.10 Td (our ) Tj ET Q q 0 0 0 rg BT 161.35 698.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 189.05 698.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.98 698.10 Td (use ) Tj ET Q q 0 0 0 rg BT 215.02 698.10 Td (captive ) Tj ET Q q 0 0 0 rg BT 246.04 698.10 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 290.42 698.10 Td (could ) Tj ET Q q 0 0 0 rg BT 315.35 698.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 355.81 698.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 385.73 698.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.33 698.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 451.12 698.10 Td (position ) Tj ET Q q 0 0 0 rg BT 486.06 698.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.77 698.10 Td (results ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 686.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.62 670.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 146.64 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.65 670.10 Td (state ) Tj ET Q q 0 0 0 rg BT 182.55 670.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 222.44 670.10 Td (regulators ) Tj ET Q q 0 0 0 rg BT 264.00 670.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 300.00 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.36 670.10 Td (review ) Tj ET Q q 0 0 0 rg BT 338.14 670.10 Td (life ) Tj ET Q q 0 0 0 rg BT 353.04 670.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 392.93 670.10 Td (companies) Tj ET Q q 0 0 0 rg BT 438.28 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 439.85 670.10 Td (use ) Tj ET Q q 0 0 0 rg BT 454.75 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.66 670.10 Td (af) Tj ET Q q 0 0 0 rg BT 472.25 670.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 502.14 670.10 Td (captive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 658.10 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 123.65 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.20 658.10 Td (of) Tj ET Q q 0 0 0 rg BT 143.35 658.10 Td (f-shore ) Tj ET Q q 0 0 0 rg BT 174.89 658.10 Td (entities. ) Tj ET Q q 0 0 0 rg BT 209.50 658.10 Td (On ) Tj ET Q q 0 0 0 rg BT 224.94 658.10 Td (June ) Tj ET Q q 0 0 0 rg BT 246.49 658.10 Td (4, ) Tj ET Q q 0 0 0 rg BT 257.21 658.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 282.94 658.10 Td (Rector ) Tj ET Q q 0 0 0 rg BT 312.81 658.10 Td (& ) Tj ET Q q 0 0 0 rg BT 323.10 658.10 Td (Associates, ) Tj ET Q q 0 0 0 rg BT 371.59 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.25 658.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 424.14 658.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 444.58 658.10 Td (commissioned ) Tj ET Q q 0 0 0 rg BT 505.57 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.79 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 646.10 Td (NAIC, ) Tj ET Q q 0 0 0 rg BT 111.00 646.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 152.36 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.85 646.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 191.78 646.10 Td (report ) Tj ET Q q 0 0 0 rg BT 218.71 646.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 237.31 646.10 Td (Rector ) Tj ET Q q 0 0 0 rg BT 271.45 646.10 Td (Report\) ) Tj ET Q q 0 0 0 rg BT 309.49 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.32 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.59 646.10 Td (Principle-Based ) Tj ET Q q 0 0 0 rg BT 402.51 646.10 Td (Reserving ) Tj ET Q q 0 0 0 rg BT 446.11 646.10 Td (Implementation ) Tj ET Q q 0 0 0 rg BT 512.26 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 517.67 646.10 Td (ask ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 634.10 Td (Force ) Tj ET Q q 0 0 0 rg BT 105.44 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.45 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.34 634.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 155.46 634.10 Td (which ) Tj ET Q q 0 0 0 rg BT 181.58 634.10 Td (proposes ) Tj ET Q q 0 0 0 rg BT 218.81 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.92 634.10 Td (new ) Tj ET Q q 0 0 0 rg BT 243.26 634.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 286.03 634.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 331.57 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.91 634.10 Td (captives ) Tj ET Q q 0 0 0 rg BT 379.35 634.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 418.80 634.10 Td (term ) Tj ET Q q 0 0 0 rg BT 438.80 634.10 Td (life ) Tj ET Q q 0 0 0 rg BT 453.81 634.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 493.80 634.10 Td (\(XXX\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.54 622.10 Td (universal ) Tj ET Q q 0 0 0 rg BT 130.41 622.10 Td (life ) Tj ET Q q 0 0 0 rg BT 145.95 622.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 186.47 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 206.46 622.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 249.21 622.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 294.18 622.10 Td (\(AXXX\) ) Tj ET Q q 0 0 0 rg BT 340.81 622.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 379.42 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.07 622.10 Td (recommends, ) Tj ET Q q 0 0 0 rg BT 451.87 622.10 Td (among ) Tj ET Q q 0 0 0 rg BT 481.30 622.10 Td (other ) Tj ET Q q 0 0 0 rg BT 504.06 622.10 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 610.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 113.19 610.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 158.72 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 171.48 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.45 610.10 Td (types ) Tj ET Q q 0 0 0 rg BT 210.32 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.41 610.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.49 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.24 610.10 Td (may ) Tj ET Q q 0 0 0 rg BT 285.22 610.10 Td (be ) Tj ET Q q 0 0 0 rg BT 297.41 610.10 Td (used ) Tj ET Q q 0 0 0 rg BT 318.50 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.03 610.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 361.21 610.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 396.73 610.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 440.58 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 461.11 610.10 Td (XXX ) Tj ET Q q 0 0 0 rg BT 485.53 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.12 610.10 Td (AXXX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 598.10 Td (business ) Tj ET Q q 0 0 0 rg BT 117.78 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.11 598.10 Td (making ) Tj ET Q q 0 0 0 rg BT 167.99 598.10 Td (an ) Tj ET Q q 0 0 0 rg BT 180.32 598.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 223.76 598.10 Td (state) Tj ET Q q 0 0 0 rg BT 244.86 598.10 Td (s ) Tj ET Q q 0 0 0 rg BT 251.64 598.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 289.52 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.74 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.85 598.10 Td (new ) Tj ET Q q 0 0 0 rg BT 335.39 598.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 382.72 598.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 439.47 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 452.36 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.46 598.10 Td (report ) Tj ET Q q 0 0 0 rg BT 494.23 598.10 Td (an ) Tj ET Q q 0 0 0 rg BT 506.56 598.10 Td (NAIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 586.10 Td (accreditation ) Tj ET Q q 0 0 0 rg BT 136.98 586.10 Td (standard. ) Tj ET Q q 0 0 0 rg BT 177.70 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.04 586.10 Td (On ) Tj ET Q q 0 0 0 rg BT 197.65 586.10 Td (August ) Tj ET Q q 0 0 0 rg BT 230.88 586.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 247.72 586.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 274.57 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.13 586.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 319.91 586.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 364.24 586.10 Td (\(EX\) ) Tj ET Q q 0 0 0 rg BT 388.57 586.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 437.35 586.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 473.35 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.91 586.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 574.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 126.73 574.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 165.26 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 177.13 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.21 574.10 Td (Rector ) Tj ET Q q 0 0 0 rg BT 219.74 574.10 Td (Report, ) Tj ET Q q 0 0 0 rg BT 251.32 574.10 Td (including ) Tj ET Q q 0 0 0 rg BT 290.96 574.10 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 363.92 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.57 574.10 Td (have ) Tj ET Q q 0 0 0 rg BT 394.31 574.10 Td (various ) Tj ET Q q 0 0 0 rg BT 425.62 574.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 451.93 574.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 489.88 574.10 Td (subgroups ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 562.10 Td (propose ) Tj ET Q q 0 0 0 rg BT 116.15 562.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 164.07 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.00 562.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 226.59 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.86 562.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 284.12 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.82 562.10 Td (new ) Tj ET Q q 0 0 0 rg BT 319.97 562.10 Td (framework. ) Tj ET Q q 0 0 0 rg BT 369.83 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.06 562.10 Td (These ) Tj ET Q q 0 0 0 rg BT 400.43 562.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 440.01 562.10 Td (working ) Tj ET Q q 0 0 0 rg BT 476.82 562.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 507.54 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.23 562.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 550.10 Td (various ) Tj ET Q q 0 0 0 rg BT 112.27 550.10 Td (stages ) Tj ET Q q 0 0 0 rg BT 138.53 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.69 550.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 194.96 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.22 550.10 Td (proposing ) Tj ET Q q 0 0 0 rg BT 253.05 550.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 299.31 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.58 550.10 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 361.01 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.84 550.10 Td (On ) Tj ET Q q 0 0 0 rg BT 376.89 550.10 Td (October ) Tj ET Q q 0 0 0 rg BT 410.93 550.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 420.26 550.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 444.58 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.63 550.10 Td (NAIC) Tj ET Q q 0 0 0 rg BT 485.85 550.10 Td (s ) Tj ET Q q 0 0 0 rg BT 491.57 550.10 Td (Principle-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 538.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 108.70 538.10 Td (Reserving ) Tj ET Q q 0 0 0 rg BT 152.51 538.10 Td (Implementation ) Tj ET Q q 0 0 0 rg BT 218.85 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 224.26 538.10 Td (ask ) Tj ET Q q 0 0 0 rg BT 240.86 538.10 Td (Force ) Tj ET Q q 0 0 0 rg BT 266.89 538.10 Td (voted ) Tj ET Q q 0 0 0 rg BT 292.37 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.41 538.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 334.44 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.37 538.10 Td (comment ) Tj ET Q q 0 0 0 rg BT 389.84 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 397.54 538.10 Td (new ) Tj ET Q q 0 0 0 rg BT 416.75 538.10 Td (Actuarial ) Tj ET Q q 0 0 0 rg BT 457.21 538.10 Td (Guideline ) Tj ET Q q 0 0 0 rg BT 499.91 538.10 Td (\(AG48\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 526.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 118.50 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.23 526.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 172.95 526.10 Td (many ) Tj ET Q q 0 0 0 rg BT 197.12 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.40 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.57 526.10 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 294.61 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.34 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.51 526.10 Td (Rector ) Tj ET Q q 0 0 0 rg BT 347.12 526.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 376.29 526.10 Td (related ) Tj ET Q q 0 0 0 rg BT 405.44 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.17 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.34 526.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 461.29 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.57 526.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 496.85 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 513.80 526.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 514.10 Td (be ) Tj ET Q q 0 0 0 rg BT 94.44 514.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 137.88 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 151.87 514.10 Td (dif) Tj ET Q q 0 0 0 rg BT 162.80 514.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 190.12 514.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 213.55 514.10 Td (classes ) Tj ET Q q 0 0 0 rg BT 245.32 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.10 514.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 304.97 514.10 Td (with ) Tj ET Q q 0 0 0 rg BT 326.75 514.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 357.95 514.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 409.71 514.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 452.04 514.10 Td (captive ) Tj ET Q q 0 0 0 rg BT 484.92 514.10 Td (reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 502.10 Td (companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 486.10 Td (If ) Tj ET Q q 0 0 0 rg BT 112.41 486.10 Td (state ) Tj ET Q q 0 0 0 rg BT 132.98 486.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 173.54 486.10 Td (regulators ) Tj ET Q q 0 0 0 rg BT 215.78 486.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 245.79 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.25 486.10 Td (use ) Tj ET Q q 0 0 0 rg BT 275.83 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.41 486.10 Td (captive ) Tj ET Q q 0 0 0 rg BT 317.53 486.10 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 359.20 486.10 Td (or ) Tj ET Q q 0 0 0 rg BT 369.78 486.10 Td (if ) Tj ET Q q 0 0 0 rg BT 378.14 486.10 Td (we ) Tj ET Q q 0 0 0 rg BT 392.04 486.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 433.17 486.10 Td (are ) Tj ET Q q 0 0 0 rg BT 447.62 486.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 476.53 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.55 486.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 523.23 486.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 474.10 Td (use ) Tj ET Q q 0 0 0 rg BT 97.52 474.10 Td (captive ) Tj ET Q q 0 0 0 rg BT 129.58 474.10 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 172.19 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.16 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.56 474.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 228.13 474.10 Td (our ) Tj ET Q q 0 0 0 rg BT 244.65 474.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 273.38 474.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.35 474.10 Td (write ) Tj ET Q q 0 0 0 rg BT 308.08 474.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 338.47 474.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 378.60 474.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.57 474.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 423.85 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.25 474.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 483.53 474.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 505.61 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.24 474.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 462.10 Td (deploy ) Tj ET Q q 0 0 0 rg BT 110.33 462.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 139.09 462.10 Td (ef) Tj ET Q q 0 0 0 rg BT 146.68 462.10 Td (ficiently) Tj ET Q q 0 0 0 rg BT 179.35 462.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.97 462.10 Td (could ) Tj ET Q q 0 0 0 rg BT 208.30 462.10 Td (be ) Tj ET Q q 0 0 0 rg BT 219.85 462.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 260.28 462.10 Td (af) Tj ET Q q 0 0 0 rg BT 267.86 462.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 296.90 462.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.34 462.10 Td (we ) Tj ET Q q 0 0 0 rg BT 321.12 462.10 Td (may ) Tj ET Q q 0 0 0 rg BT 340.45 462.10 Td (need ) Tj ET Q q 0 0 0 rg BT 361.44 462.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.33 462.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 406.20 462.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 432.19 462.10 Td (on ) Tj ET Q q 0 0 0 rg BT 444.30 462.10 Td (those ) Tj ET Q q 0 0 0 rg BT 467.52 462.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 506.57 462.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 450.10 Td (could ) Tj ET Q q 0 0 0 rg BT 105.72 450.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 146.53 450.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 176.24 450.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.07 450.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 241.78 450.10 Td (position ) Tj ET Q q 0 0 0 rg BT 276.51 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.45 450.10 Td (our ) Tj ET Q q 0 0 0 rg BT 309.28 450.10 Td (results ) Tj ET Q q 0 0 0 rg BT 337.88 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.71 450.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 424.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 115.82 424.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 135.07 424.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 187.67 424.60 Td (and ) Tj ET Q q 0 0 0 rg BT 206.38 424.60 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 255.66 424.60 Td (demands ) Tj ET Q q 0 0 0 rg BT 295.47 424.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.96 424.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 336.20 424.60 Td (of ) Tj ET Q q 0 0 0 rg BT 347.68 424.60 Td (our ) Tj ET Q q 0 0 0 rg BT 365.28 424.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 419.56 424.60 Td (could ) Tj ET Q q 0 0 0 rg BT 445.48 424.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 490.28 424.60 Td (af) Tj ET Q q 0 0 0 rg BT 498.43 424.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 516.56 424.60 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 412.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 121.01 412.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.74 412.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 202.14 412.60 Td (and ) Tj ET Q q 0 0 0 rg BT 220.20 412.60 Td (results ) Tj ET Q q 0 0 0 rg BT 249.93 412.60 Td (of ) Tj ET Q q 0 0 0 rg BT 260.76 412.60 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 396.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 396.10 Td (e ) Tj ET Q q 0 0 0 rg BT 120.51 396.10 Td (of) Tj ET Q q 0 0 0 rg BT 128.66 396.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 142.19 396.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 171.83 396.10 Td (products ) Tj ET Q q 0 0 0 rg BT 208.70 396.10 Td (that ) Tj ET Q q 0 0 0 rg BT 226.13 396.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 250.78 396.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 307.65 396.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.86 396.10 Td (withdraw ) Tj ET Q q 0 0 0 rg BT 358.06 396.10 Td (their ) Tj ET Q q 0 0 0 rg BT 378.82 396.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 403.48 396.10 Td (under ) Tj ET Q q 0 0 0 rg BT 428.68 396.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 461.10 396.10 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 522.68 396.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 384.10 Td (order ) Tj ET Q q 0 0 0 rg BT 104.34 384.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.37 384.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 136.05 384.10 Td (such ) Tj ET Q q 0 0 0 rg BT 156.62 384.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 189.97 384.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 239.16 384.10 Td (we ) Tj ET Q q 0 0 0 rg BT 253.07 384.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 286.41 384.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.98 384.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 341.44 384.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.13 384.10 Td (configure ) Tj ET Q q 0 0 0 rg BT 398.69 384.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.26 384.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 460.39 384.10 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 501.52 384.10 Td (so ) Tj ET Q q 0 0 0 rg BT 512.66 384.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.23 384.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 372.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 115.54 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.98 372.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 172.97 372.10 Td (suf) Tj ET Q q 0 0 0 rg BT 185.01 372.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 214.55 372.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 252.44 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.22 372.10 Td (support ) Tj ET Q q 0 0 0 rg BT 298.21 372.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 337.75 372.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 386.73 372.10 Td (demands ) Tj ET Q q 0 0 0 rg BT 426.27 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.71 372.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 480.91 372.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 516.56 372.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.10 Td (maturities. ) Tj ET Q q 0 0 0 rg BT 125.83 360.10 Td (However) Tj ET Q q 0 0 0 rg BT 162.08 360.10 Td (, ) Tj ET Q q 0 0 0 rg BT 166.93 360.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.05 360.10 Td (order ) Tj ET Q q 0 0 0 rg BT 200.49 360.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.61 360.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 243.50 360.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 284.72 360.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 326.49 360.10 Td (returns, ) Tj ET Q q 0 0 0 rg BT 359.11 360.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.89 360.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 395.43 360.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 426.66 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.34 360.10 Td (our ) Tj ET Q q 0 0 0 rg BT 453.01 360.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 478.69 360.10 Td (are ) Tj ET Q q 0 0 0 rg BT 493.24 360.10 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 348.10 Td (illiquid. ) Tj ET Q q 0 0 0 rg BT 114.95 348.10 Td (There ) Tj ET Q q 0 0 0 rg BT 141.03 348.10 Td (can ) Tj ET Q q 0 0 0 rg BT 157.67 348.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.87 348.10 Td (no ) Tj ET Q q 0 0 0 rg BT 182.64 348.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 224.27 348.10 Td (that ) Tj ET Q q 0 0 0 rg BT 242.02 348.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 289.77 348.10 Td (demands ) Tj ET Q q 0 0 0 rg BT 328.08 348.10 Td (will ) Tj ET Q q 0 0 0 rg BT 346.40 348.10 Td (match ) Tj ET Q q 0 0 0 rg BT 373.60 348.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.69 348.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 434.11 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.21 348.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 492.95 348.10 Td (demands. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 336.10 Td (As ) Tj ET Q q 0 0 0 rg BT 94.43 336.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 126.17 336.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 147.36 336.10 Td (increase, ) Tj ET Q q 0 0 0 rg BT 184.93 336.10 Td (we ) Tj ET Q q 0 0 0 rg BT 198.91 336.10 Td (are ) Tj ET Q q 0 0 0 rg BT 213.43 336.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 248.51 336.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.60 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.13 336.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 290.44 336.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.09 336.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 338.38 336.10 Td (disintermediation ) Tj ET Q q 0 0 0 rg BT 410.68 336.10 Td (through ) Tj ET Q q 0 0 0 rg BT 444.10 336.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.85 336.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 488.16 336.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 523.22 336.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.80 324.10 Td (number ) Tj ET Q q 0 0 0 rg BT 126.93 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.84 324.10 Td (withdrawals. ) Tj ET Q q 0 0 0 rg BT 189.80 324.10 Td (Disintermediation ) Tj ET Q q 0 0 0 rg BT 263.60 324.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 280.18 324.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 304.52 324.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.88 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.68 324.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 344.27 324.10 Td (that ) Tj ET Q q 0 0 0 rg BT 360.85 324.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 416.86 324.10 Td (may ) Tj ET Q q 0 0 0 rg BT 435.66 324.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 475.00 324.10 Td (their ) Tj ET Q q 0 0 0 rg BT 494.91 324.10 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 312.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.73 312.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.12 312.10 Td (rising ) Tj ET Q q 0 0 0 rg BT 121.85 312.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 153.24 312.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 170.17 312.10 Td (environment, ) Tj ET Q q 0 0 0 rg BT 225.17 312.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 263.78 312.10 Td (us ) Tj ET Q q 0 0 0 rg BT 274.62 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.35 312.10 Td (liquidate ) Tj ET Q q 0 0 0 rg BT 321.29 312.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 346.58 312.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.31 312.10 Td (an ) Tj ET Q q 0 0 0 rg BT 367.70 312.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 411.29 312.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 428.80 312.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 465.48 312.10 Td (If ) Tj ET Q q 0 0 0 rg BT 474.09 312.10 Td (we ) Tj ET Q q 0 0 0 rg BT 487.71 312.10 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 300.10 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 128.88 300.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 176.22 300.10 Td (activity) Tj ET Q q 0 0 0 rg BT 205.56 300.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.41 300.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 244.97 300.10 Td (as ) Tj ET Q q 0 0 0 rg BT 255.65 300.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.43 300.10 Td (result ) Tj ET Q q 0 0 0 rg BT 287.00 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.68 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.03 300.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 331.82 300.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 349.15 300.10 Td (movements, ) Tj ET Q q 0 0 0 rg BT 400.10 300.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.44 300.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 472.00 300.10 Td (downgrades ) Tj ET Q q 0 0 0 rg BT 522.67 300.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 288.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 124.84 288.10 Td (we ) Tj ET Q q 0 0 0 rg BT 138.96 288.10 Td (could ) Tj ET Q q 0 0 0 rg BT 163.64 288.10 Td (exhaust ) Tj ET Q q 0 0 0 rg BT 196.64 288.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.44 288.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 238.23 288.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 264.02 288.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.92 288.10 Td (be ) Tj ET Q q 0 0 0 rg BT 292.82 288.10 Td (forced ) Tj ET Q q 0 0 0 rg BT 320.82 288.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.06 288.10 Td (liquidate ) Tj ET Q q 0 0 0 rg BT 368.51 288.10 Td (other ) Tj ET Q q 0 0 0 rg BT 391.52 288.10 Td (less ) Tj ET Q q 0 0 0 rg BT 408.98 288.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 434.77 288.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 463.07 288.10 Td (possibly ) Tj ET Q q 0 0 0 rg BT 498.87 288.10 Td (at ) Tj ET Q q 0 0 0 rg BT 508.54 288.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.44 288.10 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 276.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.44 276.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.55 276.10 Td (other ) Tj ET Q q 0 0 0 rg BT 126.21 276.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 176.08 276.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 202.91 276.10 Td (which ) Tj ET Q q 0 0 0 rg BT 229.46 276.10 Td (could ) Tj ET Q q 0 0 0 rg BT 253.79 276.10 Td (have ) Tj ET Q q 0 0 0 rg BT 274.77 276.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.32 276.10 Td (material ) Tj ET Q q 0 0 0 rg BT 316.20 276.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 348.84 276.10 Td (ef) Tj ET Q q 0 0 0 rg BT 356.43 276.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 373.53 276.10 Td (on ) Tj ET Q q 0 0 0 rg BT 385.64 276.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.08 276.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 439.59 276.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 476.68 276.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 516.56 276.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 264.10 Td (results ) Tj ET Q q 0 0 0 rg BT 109.72 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.66 264.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 166.85 264.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 216.75 264.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.86 264.10 Td (we ) Tj ET Q q 0 0 0 rg BT 236.13 264.10 Td (may ) Tj ET Q q 0 0 0 rg BT 255.96 264.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 301.87 264.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 330.58 264.10 Td (compression, ) Tj ET Q q 0 0 0 rg BT 386.23 264.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.28 264.10 Td (a ) Tj ET Q q 0 0 0 rg BT 410.33 264.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 428.50 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.44 264.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 485.92 264.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 524.90 264.10 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 252.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 115.61 252.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 147.45 252.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 168.74 252.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.35 252.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 223.52 252.10 Td (on ) Tj ET Q q 0 0 0 rg BT 235.93 252.10 Td (renewing ) Tj ET Q q 0 0 0 rg BT 275.54 252.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 314.04 252.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.23 252.10 Td (an ) Tj ET Q q 0 0 0 rg BT 336.08 252.10 Td (ef) Tj ET Q q 0 0 0 rg BT 343.67 252.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 360.51 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.70 252.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 407.52 252.10 Td (or ) Tj ET Q q 0 0 0 rg BT 418.26 252.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 451.76 252.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 499.16 252.10 Td (activity) Tj ET Q q 0 0 0 rg BT 528.50 252.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 235.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 137.31 235.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 158.52 235.60 Td (are ) Tj ET Q q 0 0 0 rg BT 173.06 235.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 203.71 235.60 Td (to ) Tj ET Q q 0 0 0 rg BT 213.82 235.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 252.26 235.60 Td (and ) Tj ET Q q 0 0 0 rg BT 269.02 235.60 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 321.06 235.60 Td (For ) Tj ET Q q 0 0 0 rg BT 337.29 235.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.83 235.60 Td (past ) Tj ET Q q 0 0 0 rg BT 370.27 235.60 Td (several ) Tj ET Q q 0 0 0 rg BT 400.91 235.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 426.84 235.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 458.60 235.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 479.81 235.60 Td (have ) Tj ET Q q 0 0 0 rg BT 501.02 235.60 Td (trended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 223.60 Td (downwards ) Tj ET Q q 0 0 0 rg BT 130.44 223.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.56 223.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 189.89 223.60 Td (low ) Tj ET Q q 0 0 0 rg BT 208.23 223.60 Td (levels. ) Tj ET Q q 0 0 0 rg BT 237.40 223.60 Td (In ) Tj ET Q q 0 0 0 rg BT 249.07 223.60 Td (order ) Tj ET Q q 0 0 0 rg BT 273.50 223.60 Td (to ) Tj ET Q q 0 0 0 rg BT 284.62 223.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 307.40 223.60 Td (our ) Tj ET Q q 0 0 0 rg BT 324.07 223.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 352.40 223.60 Td (and ) Tj ET Q q 0 0 0 rg BT 370.18 223.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 417.94 223.60 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 468.22 223.60 Td (we ) Tj ET Q q 0 0 0 rg BT 483.22 223.60 Td (must ) Tj ET Q q 0 0 0 rg BT 506.01 223.60 Td (earn ) Tj ET Q q 0 0 0 rg BT 526.56 223.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 211.60 Td (suf) Tj ET Q q 0 0 0 rg BT 93.04 211.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 120.14 211.60 Td (return ) Tj ET Q q 0 0 0 rg BT 145.58 211.60 Td (on ) Tj ET Q q 0 0 0 rg BT 157.13 211.60 Td (our ) Tj ET Q q 0 0 0 rg BT 172.02 211.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 206.90 211.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 233.95 211.60 Td (A) Tj ET Q q 0 0 0 rg BT 240.62 211.60 Td ( ) Tj ET Q q 0 0 0 rg BT 242.17 211.60 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 284.28 211.60 Td (period ) Tj ET Q q 0 0 0 rg BT 311.38 211.60 Td (of ) Tj ET Q q 0 0 0 rg BT 321.27 211.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 367.82 211.60 Td (low ) Tj ET Q q 0 0 0 rg BT 384.38 211.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 404.81 211.60 Td (or ) Tj ET Q q 0 0 0 rg BT 414.70 211.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 458.47 211.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 492.23 211.60 Td (in ) Tj ET Q q 0 0 0 rg BT 501.57 211.60 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 199.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 101.47 199.60 Td (could ) Tj ET Q q 0 0 0 rg BT 125.29 199.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 154.65 199.60 Td (us ) Tj ET Q q 0 0 0 rg BT 165.14 199.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.51 199.60 Td (the ) Tj ET Q q 0 0 0 rg BT 188.32 199.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 204.92 199.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.84 199.60 Td (not ) Tj ET Q q 0 0 0 rg BT 229.22 199.60 Td (achieving ) Tj ET Q q 0 0 0 rg BT 269.69 199.60 Td (suf) Tj ET Q q 0 0 0 rg BT 281.73 199.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 308.87 199.60 Td (return ) Tj ET Q q 0 0 0 rg BT 334.34 199.60 Td (on ) Tj ET Q q 0 0 0 rg BT 345.93 199.60 Td (our ) Tj ET Q q 0 0 0 rg BT 360.86 199.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 395.78 199.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 420.71 199.60 Td (by ) Tj ET Q q 0 0 0 rg BT 432.30 199.60 Td (not ) Tj ET Q q 0 0 0 rg BT 446.68 199.60 Td (achieving ) Tj ET Q q 0 0 0 rg BT 487.14 199.60 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 187.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 113.55 187.60 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 153.05 187.60 Td (or ) Tj ET Q q 0 0 0 rg BT 164.49 187.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.94 187.60 Td (not ) Tj ET Q q 0 0 0 rg BT 191.84 187.60 Td (earning ) Tj ET Q q 0 0 0 rg BT 224.94 187.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 271.93 187.60 Td (spreads ) Tj ET Q q 0 0 0 rg BT 305.03 187.60 Td (between ) Tj ET Q q 0 0 0 rg BT 341.47 187.60 Td (the ) Tj ET Q q 0 0 0 rg BT 356.80 187.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 389.35 187.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 407.46 187.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 437.22 187.60 Td (on ) Tj ET Q q 0 0 0 rg BT 450.34 187.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 501.23 187.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.78 187.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 175.60 Td (credited ) Tj ET Q q 0 0 0 rg BT 115.62 175.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 147.48 175.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 168.78 175.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 188.41 175.60 Td (on ) Tj ET Q q 0 0 0 rg BT 200.83 175.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 249.92 175.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 283.44 175.60 Td (and ) Tj ET Q q 0 0 0 rg BT 300.30 175.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 340.78 175.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 390.69 175.60 Td (, ) Tj ET Q q 0 0 0 rg BT 395.61 175.60 Td (a ) Tj ET Q q 0 0 0 rg BT 402.47 175.60 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 445.43 175.60 Td (period ) Tj ET Q q 0 0 0 rg BT 473.40 175.60 Td (of ) Tj ET Q q 0 0 0 rg BT 484.15 175.60 Td (low ) Tj ET Q q 0 0 0 rg BT 501.57 175.60 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 163.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 102.44 163.60 Td (in ) Tj ET Q q 0 0 0 rg BT 112.77 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.55 163.60 Td (future ) Tj ET Q q 0 0 0 rg BT 153.98 163.60 Td (may ) Tj ET Q q 0 0 0 rg BT 173.76 163.60 Td (lengthen ) Tj ET Q q 0 0 0 rg BT 210.75 163.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 244.42 163.60 Td (maturity) Tj ET Q q 0 0 0 rg BT 277.65 163.60 Td (, ) Tj ET Q q 0 0 0 rg BT 282.71 163.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 301.94 163.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 345.59 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 360.37 163.60 Td (need ) Tj ET Q q 0 0 0 rg BT 381.80 163.60 Td (for ) Tj ET Q q 0 0 0 rg BT 396.02 163.60 Td (a ) Tj ET Q q 0 0 0 rg BT 403.02 163.60 Td (re-investment ) Tj ET Q q 0 0 0 rg BT 460.56 163.60 Td (of ) Tj ET Q q 0 0 0 rg BT 471.44 163.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 497.33 163.60 Td (at ) Tj ET Q q 0 0 0 rg BT 507.11 163.60 Td (yields ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 151.60 Td (that ) Tj ET Q q 0 0 0 rg BT 97.59 151.60 Td (are ) Tj ET Q q 0 0 0 rg BT 111.39 151.60 Td (below ) Tj ET Q q 0 0 0 rg BT 137.42 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.23 151.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 186.72 151.60 Td (required ) Tj ET Q q 0 0 0 rg BT 221.63 151.60 Td (to ) Tj ET Q q 0 0 0 rg BT 231.00 151.60 Td (support ) Tj ET Q q 0 0 0 rg BT 262.59 151.60 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 303.05 151.60 Td (features ) Tj ET Q q 0 0 0 rg BT 336.29 151.60 Td (of ) Tj ET Q q 0 0 0 rg BT 346.21 151.60 Td (our ) Tj ET Q q 0 0 0 rg BT 361.14 151.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 401.32 151.60 Td (Both ) Tj ET Q q 0 0 0 rg BT 422.37 151.60 Td (rising ) Tj ET Q q 0 0 0 rg BT 446.74 151.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.77 151.60 Td (declining ) Tj ET Q q 0 0 0 rg BT 501.58 151.60 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 139.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 102.13 139.60 Td (can ) Tj ET Q q 0 0 0 rg BT 118.27 139.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 162.17 139.60 Td (af) Tj ET Q q 0 0 0 rg BT 169.76 139.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 187.00 139.60 Td (our ) Tj ET Q q 0 0 0 rg BT 202.59 139.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.28 139.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 270.41 139.60 Td (and ) Tj ET Q q 0 0 0 rg BT 287.10 139.60 Td (spread ) Tj ET Q q 0 0 0 rg BT 315.46 139.60 Td (income ) Tj ET Q q 0 0 0 rg BT 347.15 139.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 364.95 139.60 Td (dif) Tj ET Q q 0 0 0 rg BT 375.88 139.60 Td (ference ) Tj ET Q q 0 0 0 rg BT 407.55 139.60 Td (between ) Tj ET Q q 0 0 0 rg BT 443.12 139.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.59 139.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 487.62 139.60 Td (we ) Tj ET Q q 0 0 0 rg BT 501.53 139.60 Td (earn ) Tj ET Q q 0 0 0 rg BT 521.00 139.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 127.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.56 127.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 148.56 127.60 Td (and ) Tj ET Q q 0 0 0 rg BT 166.22 127.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.67 127.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 218.78 127.60 Td (we ) Tj ET Q q 0 0 0 rg BT 233.67 127.60 Td (must ) Tj ET Q q 0 0 0 rg BT 256.35 127.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 282.34 127.60 Td (to ) Tj ET Q q 0 0 0 rg BT 293.34 127.60 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 351.00 127.60 Td (and ) Tj ET Q q 0 0 0 rg BT 368.67 127.60 Td (contractholders\). ) Tj ET Q q 0 0 0 rg BT 439.14 127.60 Td (While ) Tj ET Q q 0 0 0 rg BT 466.80 127.60 Td (we ) Tj ET Q q 0 0 0 rg BT 481.68 127.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 516.57 127.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 115.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 118.08 115.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 139.60 115.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 172.80 115.60 Td (management ) Tj ET Q q 0 0 0 rg BT 225.98 115.60 Td (\(ALM\) ) Tj ET Q q 0 0 0 rg BT 265.82 115.60 Td (programs ) Tj ET Q q 0 0 0 rg BT 305.68 115.60 Td (and ) Tj ET Q q 0 0 0 rg BT 322.20 115.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 368.16 115.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 405.79 115.60 Td (to ) Tj ET Q q 0 0 0 rg BT 415.66 115.60 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 450.51 115.60 Td (the ) Tj ET Q q 0 0 0 rg BT 464.82 115.60 Td (ef) Tj ET Q q 0 0 0 rg BT 472.41 115.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 489.48 115.60 Td (on ) Tj ET Q q 0 0 0 rg BT 501.57 115.60 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 103.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 117.12 103.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.81 103.60 Td (spread ) Tj ET Q q 0 0 0 rg BT 162.16 103.60 Td (income ) Tj ET Q q 0 0 0 rg BT 193.84 103.60 Td (in ) Tj ET Q q 0 0 0 rg BT 203.86 103.60 Td (rising ) Tj ET Q q 0 0 0 rg BT 228.89 103.60 Td (or ) Tj ET Q q 0 0 0 rg BT 239.47 103.60 Td (falling ) Tj ET Q q 0 0 0 rg BT 267.82 103.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 299.50 103.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 316.73 103.60 Td (environments, ) Tj ET Q q 0 0 0 rg BT 375.91 103.60 Td (no ) Tj ET Q q 0 0 0 rg BT 388.16 103.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 429.28 103.60 Td (can ) Tj ET Q q 0 0 0 rg BT 445.40 103.60 Td (be ) Tj ET Q q 0 0 0 rg BT 457.09 103.60 Td (given ) Tj ET Q q 0 0 0 rg BT 481.55 103.60 Td (that ) Tj ET Q q 0 0 0 rg BT 498.79 103.60 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 91.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 91.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.21 91.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 144.59 91.60 Td (will ) Tj ET Q q 0 0 0 rg BT 162.65 91.60 Td (not ) Tj ET Q q 0 0 0 rg BT 177.92 91.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 220.96 91.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 261.78 91.60 Td (af) Tj ET Q q 0 0 0 rg BT 269.36 91.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 286.85 91.60 Td (our ) Tj ET Q q 0 0 0 rg BT 302.68 91.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 341.57 91.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.05 91.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 419.33 91.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.26 91.60 Td (results ) Tj ET Q q 0 0 0 rg BT 464.87 91.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.70 91.60 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 70.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.25 70.60 Td (expectation ) Tj ET Q q 0 0 0 rg BT 172.04 70.60 Td (for ) Tj ET Q q 0 0 0 rg BT 186.40 70.60 Td (future ) Tj ET Q q 0 0 0 rg BT 212.98 70.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 245.11 70.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 281.69 70.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.83 70.60 Td (spread ) Tj ET Q q 0 0 0 rg BT 327.63 70.60 Td (income ) Tj ET Q q 0 0 0 rg BT 359.76 70.60 Td (is ) Tj ET Q q 0 0 0 rg BT 369.13 70.60 Td (an ) Tj ET Q q 0 0 0 rg BT 381.27 70.60 Td (important ) Tj ET Q q 0 0 0 rg BT 422.85 70.60 Td (component ) Tj ET Q q 0 0 0 rg BT 469.99 70.60 Td (in ) Tj ET Q q 0 0 0 rg BT 480.46 70.60 Td (amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 58.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.87 58.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 115.52 58.60 Td (and ) Tj ET Q q 0 0 0 rg BT 132.31 58.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 160.10 58.60 Td ( ) Tj ET Q q 0 0 0 rg BT 162.63 58.60 Td (and ) Tj ET Q q 0 0 0 rg BT 179.61 58.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 232.14 58.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 257.45 58.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 289.42 58.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 325.83 58.60 Td (or ) Tj ET Q q 0 0 0 rg BT 336.70 58.60 Td (spreads ) Tj ET Q q 0 0 0 rg BT 369.23 58.60 Td (may ) Tj ET Q q 0 0 0 rg BT 388.98 58.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 413.73 58.60 Td (us ) Tj ET Q q 0 0 0 rg BT 425.16 58.60 Td (to ) Tj ET Q q 0 0 0 rg BT 435.47 58.60 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 477.97 58.60 Td (amortization, ) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (thereby ) Tj ET Q q 0 0 0 rg BT 113.74 735.60 Td (reducing ) Tj ET Q q 0 0 0 rg BT 151.48 735.60 Td (net ) Tj ET Q q 0 0 0 rg BT 166.45 735.60 Td (income ) Tj ET Q q 0 0 0 rg BT 198.63 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 209.16 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.13 735.60 Td (af) Tj ET Q q 0 0 0 rg BT 231.72 735.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 258.90 735.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 298.31 735.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 328.50 735.60 Td (An ) Tj ET Q q 0 0 0 rg BT 343.47 735.60 Td (extended ) Tj ET Q q 0 0 0 rg BT 382.32 735.60 Td (period ) Tj ET Q q 0 0 0 rg BT 410.62 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 421.70 735.60 Td (declining ) Tj ET Q q 0 0 0 rg BT 461.67 735.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 493.85 735.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 515.48 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 526.57 735.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 123.75 723.60 Td (period ) Tj ET Q q 0 0 0 rg BT 151.50 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 162.03 723.60 Td (low ) Tj ET Q q 0 0 0 rg BT 179.23 723.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 210.87 723.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 231.95 723.60 Td (may ) Tj ET Q q 0 0 0 rg BT 251.37 723.60 Td (also ) Tj ET Q q 0 0 0 rg BT 269.68 723.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 294.09 723.60 Td (us ) Tj ET Q q 0 0 0 rg BT 305.18 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.16 723.60 Td (change ) Tj ET Q q 0 0 0 rg BT 345.68 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 361.21 723.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 402.85 723.60 Td (view ) Tj ET Q q 0 0 0 rg BT 424.49 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 435.02 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 449.44 723.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 481.07 723.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 502.15 723.60 Td (that ) Tj ET Q q 0 0 0 rg BT 519.35 723.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (can ) Tj ET Q q 0 0 0 rg BT 97.31 711.60 Td (earn ) Tj ET Q q 0 0 0 rg BT 116.96 711.60 Td (on ) Tj ET Q q 0 0 0 rg BT 129.40 711.60 Td (our ) Tj ET Q q 0 0 0 rg BT 145.17 711.60 Td (investments. ) Tj ET Q q 0 0 0 rg BT 197.88 711.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 220.32 711.60 Td (a ) Tj ET Q q 0 0 0 rg BT 227.19 711.60 Td (change ) Tj ET Q q 0 0 0 rg BT 257.95 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 268.16 711.60 Td (our ) Tj ET Q q 0 0 0 rg BT 283.93 711.60 Td (view ) Tj ET Q q 0 0 0 rg BT 305.81 711.60 Td (would ) Tj ET Q q 0 0 0 rg BT 333.24 711.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 357.89 711.60 Td (us ) Tj ET Q q 0 0 0 rg BT 369.22 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 379.44 711.60 Td (change ) Tj ET Q q 0 0 0 rg BT 410.19 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.84 711.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 466.71 711.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 498.59 711.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 516.01 711.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (we ) Tj ET Q q 0 0 0 rg BT 95.50 699.60 Td (assume ) Tj ET Q q 0 0 0 rg BT 127.79 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 138.41 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 154.58 699.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 201.30 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 212.47 699.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 253.63 699.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 279.80 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.09 699.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 337.15 699.60 Td (under ) Tj ET Q q 0 0 0 rg BT 362.76 699.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 383.39 699.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 409.51 699.60 Td (. ) Tj ET Q q 0 0 0 rg BT 414.64 699.60 Td (This ) Tj ET Q q 0 0 0 rg BT 435.27 699.60 Td (revision ) Tj ET Q q 0 0 0 rg BT 470.33 699.60 Td (would ) Tj ET Q q 0 0 0 rg BT 498.17 699.60 Td (result ) Tj ET Q q 0 0 0 rg BT 523.23 699.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 121.13 687.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 156.27 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.09 687.60 Td (other ) Tj ET Q q 0 0 0 rg BT 196.02 687.60 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 246.15 687.60 Td (consequences. ) Tj ET Q q 0 0 0 rg BT 306.01 687.60 Td (In ) Tj ET Q q 0 0 0 rg BT 316.72 687.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 354.37 687.60 Td (while ) Tj ET Q q 0 0 0 rg BT 378.97 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 393.57 687.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 425.94 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.65 687.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 474.03 687.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 509.17 687.60 Td (is ) Tj ET Q q 0 0 0 rg BT 518.22 687.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 113.71 675.60 Td (af) Tj ET Q q 0 0 0 rg BT 121.30 675.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 147.88 675.60 Td (by ) Tj ET Q q 0 0 0 rg BT 160.05 675.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 194.42 675.60 Td (in ) Tj ET Q q 0 0 0 rg BT 204.37 675.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 235.97 675.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 259.51 675.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 301.66 675.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 338.82 675.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 373.75 675.60 Td (may ) Tj ET Q q 0 0 0 rg BT 393.13 675.60 Td (be ) Tj ET Q q 0 0 0 rg BT 404.74 675.60 Td (required ) Tj ET Q q 0 0 0 rg BT 440.22 675.60 Td (as ) Tj ET Q q 0 0 0 rg BT 450.71 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.09 675.60 Td (result ) Tj ET Q q 0 0 0 rg BT 489.48 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.97 675.60 Td (an ) Tj ET Q q 0 0 0 rg BT 511.58 675.60 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 121.25 663.60 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 158.47 663.60 Td (which ) Tj ET Q q 0 0 0 rg BT 185.41 663.60 Td (is ) Tj ET Q q 0 0 0 rg BT 194.58 663.60 Td (altered ) Tj ET Q q 0 0 0 rg BT 224.28 663.60 Td (by ) Tj ET Q q 0 0 0 rg BT 236.78 663.60 Td (rising ) Tj ET Q q 0 0 0 rg BT 262.06 663.60 Td (or ) Tj ET Q q 0 0 0 rg BT 272.89 663.60 Td (falling ) Tj ET Q q 0 0 0 rg BT 301.49 663.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 333.43 663.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 354.80 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.74 663.60 Td (widening ) Tj ET Q q 0 0 0 rg BT 411.46 663.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 436.72 663.60 Td (spreads.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 642.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 154.90 642.60 Td (, ) Tj ET Q q 0 0 0 rg BT 160.37 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 176.02 642.60 Td (ALM ) Tj ET Q q 0 0 0 rg BT 201.21 642.60 Td (programs ) Tj ET Q q 0 0 0 rg BT 241.95 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.36 642.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 306.20 642.60 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 354.70 642.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 407.12 642.60 Td (about ) Tj ET Q q 0 0 0 rg BT 432.31 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 447.50 642.60 Td (relationship ) Tj ET Q q 0 0 0 rg BT 497.68 642.60 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 630.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 124.87 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 141.52 630.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 183.17 630.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 214.81 630.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 235.90 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 252.56 630.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 305.87 630.60 Td (between ) Tj ET Q q 0 0 0 rg BT 341.40 630.60 Td (risk-adjusted ) Tj ET Q q 0 0 0 rg BT 395.27 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 411.92 630.60 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 448.00 630.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 479.65 630.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 503.24 630.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 117.86 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 135.26 618.60 Td (other ) Tj ET Q q 0 0 0 rg BT 158.77 618.60 Td (factors. ) Tj ET Q q 0 0 0 rg BT 191.23 618.60 Td (The ) Tj ET Q q 0 0 0 rg BT 209.74 618.60 Td (ef) Tj ET Q q 0 0 0 rg BT 217.32 618.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 264.71 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 276.01 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 291.65 618.60 Td (ALM ) Tj ET Q q 0 0 0 rg BT 316.83 618.60 Td (programs ) Tj ET Q q 0 0 0 rg BT 357.56 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.97 618.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 421.80 618.60 Td (may ) Tj ET Q q 0 0 0 rg BT 441.98 618.60 Td (be ) Tj ET Q q 0 0 0 rg BT 454.38 618.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 498.99 618.60 Td (af) Tj ET Q q 0 0 0 rg BT 506.58 618.60 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 606.60 Td (whenever ) Tj ET Q q 0 0 0 rg BT 122.37 606.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 148.74 606.60 Td (results ) Tj ET Q q 0 0 0 rg BT 177.35 606.60 Td (dif) Tj ET Q q 0 0 0 rg BT 188.28 606.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 201.87 606.60 Td (from ) Tj ET Q q 0 0 0 rg BT 223.81 606.60 Td (these ) Tj ET Q q 0 0 0 rg BT 246.86 606.60 Td (assumptions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 585.60 Td (Changes ) Tj ET Q q 0 0 0 rg BT 142.30 585.60 Td (in ) Tj ET Q q 0 0 0 rg BT 152.94 585.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 185.23 585.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 206.97 585.60 Td (may ) Tj ET Q q 0 0 0 rg BT 227.05 585.60 Td (also ) Tj ET Q q 0 0 0 rg BT 246.02 585.60 Td (af) Tj ET Q q 0 0 0 rg BT 253.61 585.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 271.46 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.53 585.60 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 343.81 585.60 Td (of ) Tj ET Q q 0 0 0 rg BT 355.00 585.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 385.07 585.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.26 585.60 Td (our ) Tj ET Q q 0 0 0 rg BT 412.45 585.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 452.25 585.60 Td (For ) Tj ET Q q 0 0 0 rg BT 469.00 585.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 508.24 585.60 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 573.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 112.93 573.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 134.31 573.60 Td (may ) Tj ET Q q 0 0 0 rg BT 154.03 573.60 Td (result ) Tj ET Q q 0 0 0 rg BT 178.74 573.60 Td (in ) Tj ET Q q 0 0 0 rg BT 189.02 573.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 230.94 573.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 252.88 573.60 Td (of ) Tj ET Q q 0 0 0 rg BT 263.71 573.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 293.41 573.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.24 573.60 Td (our ) Tj ET Q q 0 0 0 rg BT 320.07 573.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 360.88 573.60 Td (and ) Tj ET Q q 0 0 0 rg BT 377.82 573.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 424.20 573.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 463.64 573.60 Td (However) Tj ET Q q 0 0 0 rg BT 499.89 573.60 Td (, ) Tj ET Q q 0 0 0 rg BT 504.89 573.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 561.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 113.40 561.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.68 561.60 Td (declining ) Tj ET Q q 0 0 0 rg BT 164.85 561.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 197.24 561.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 221.57 561.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 251.73 561.60 Td (life ) Tj ET Q q 0 0 0 rg BT 268.01 561.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 309.29 561.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.68 561.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 359.63 561.60 Td (products ) Tj ET Q q 0 0 0 rg BT 397.03 561.60 Td (may ) Tj ET Q q 0 0 0 rg BT 417.20 561.60 Td (be ) Tj ET Q q 0 0 0 rg BT 429.60 561.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 470.31 561.60 Td (more ) Tj ET Q q 0 0 0 rg BT 493.81 561.60 Td (attractive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 549.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 131.17 549.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.35 549.60 Td (consumers, ) Tj ET Q q 0 0 0 rg BT 189.02 549.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 226.42 549.60 Td (in ) Tj ET Q q 0 0 0 rg BT 236.60 549.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 276.76 549.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 315.26 549.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 355.99 549.60 Td (on ) Tj ET Q q 0 0 0 rg BT 368.39 549.60 Td (products ) Tj ET Q q 0 0 0 rg BT 405.23 549.60 Td (with ) Tj ET Q q 0 0 0 rg BT 425.41 549.60 Td (flexible ) Tj ET Q q 0 0 0 rg BT 458.35 549.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 496.86 549.60 Td (features, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 537.60 Td (repayment ) Tj ET Q q 0 0 0 rg BT 126.44 537.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.00 537.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 166.23 537.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 190.57 537.60 Td (and ) Tj ET Q q 0 0 0 rg BT 208.24 537.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 249.23 537.60 Td (persistency ) Tj ET Q q 0 0 0 rg BT 297.45 537.60 Td (or ) Tj ET Q q 0 0 0 rg BT 309.01 537.60 Td (a ) Tj ET Q q 0 0 0 rg BT 316.69 537.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 345.47 537.60 Td (percentage ) Tj ET Q q 0 0 0 rg BT 392.00 537.60 Td (of ) Tj ET Q q 0 0 0 rg BT 403.57 537.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 445.12 537.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 479.45 537.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 523.23 537.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 525.60 Td (force ) Tj ET Q q 0 0 0 rg BT 104.21 525.60 Td (from ) Tj ET Q q 0 0 0 rg BT 126.32 525.60 Td (year ) Tj ET Q q 0 0 0 rg BT 146.20 525.60 Td (to ) Tj ET Q q 0 0 0 rg BT 156.64 525.60 Td (year ) Tj ET Q q 0 0 0 rg BT 176.52 525.60 Td (during ) Tj ET Q q 0 0 0 rg BT 205.30 525.60 Td (a ) Tj ET Q q 0 0 0 rg BT 212.41 525.60 Td (period ) Tj ET Q q 0 0 0 rg BT 240.63 525.60 Td (when ) Tj ET Q q 0 0 0 rg BT 264.96 525.60 Td (our ) Tj ET Q q 0 0 0 rg BT 280.96 525.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 331.41 525.60 Td (carry ) Tj ET Q q 0 0 0 rg BT 354.61 525.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 380.05 525.60 Td (returns. ) Tj ET Q q 0 0 0 rg BT 412.40 525.60 Td (As ) Tj ET Q q 0 0 0 rg BT 426.19 525.60 Td (a ) Tj ET Q q 0 0 0 rg BT 433.30 525.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 460.68 525.60 Td (we ) Tj ET Q q 0 0 0 rg BT 475.02 525.60 Td (could ) Tj ET Q q 0 0 0 rg BT 499.90 525.60 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 513.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 110.16 513.60 Td (to ) Tj ET Q q 0 0 0 rg BT 120.43 513.60 Td (earn ) Tj ET Q q 0 0 0 rg BT 140.14 513.60 Td (our ) Tj ET Q q 0 0 0 rg BT 155.97 513.60 Td (desired ) Tj ET Q q 0 0 0 rg BT 187.35 513.60 Td (level ) Tj ET Q q 0 0 0 rg BT 209.28 513.60 Td (of ) Tj ET Q q 0 0 0 rg BT 220.11 513.60 Td (spread ) Tj ET Q q 0 0 0 rg BT 248.71 513.60 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 492.60 Td (During ) Tj ET Q q 0 0 0 rg BT 134.39 492.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 166.40 492.60 Td (of ) Tj ET Q q 0 0 0 rg BT 177.29 492.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 220.95 492.60 Td (market ) Tj ET Q q 0 0 0 rg BT 251.27 492.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 283.27 492.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 307.21 492.60 Td (we ) Tj ET Q q 0 0 0 rg BT 321.43 492.60 Td (may ) Tj ET Q q 0 0 0 rg BT 341.21 492.60 Td (of) Tj ET Q q 0 0 0 rg BT 349.36 492.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 363.03 492.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 391.14 492.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 429.24 492.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 450.68 492.60 Td (on ) Tj ET Q q 0 0 0 rg BT 463.25 492.60 Td (interest-sensitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 480.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 121.21 480.60 Td (such ) Tj ET Q q 0 0 0 rg BT 142.82 480.60 Td (as ) Tj ET Q q 0 0 0 rg BT 154.42 480.60 Td (universal ) Tj ET Q q 0 0 0 rg BT 194.35 480.60 Td (life ) Tj ET Q q 0 0 0 rg BT 210.95 480.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 252.54 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 270.25 480.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 294.07 480.60 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 335.95 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.66 480.60 Td (we ) Tj ET Q q 0 0 0 rg BT 368.60 480.60 Td (may ) Tj ET Q q 0 0 0 rg BT 389.09 480.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 425.11 480.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 463.93 480.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 486.08 480.60 Td (on ) Tj ET Q q 0 0 0 rg BT 499.35 480.60 Td (in-force ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 468.60 Td (products ) Tj ET Q q 0 0 0 rg BT 118.17 468.60 Td (to ) Tj ET Q q 0 0 0 rg BT 128.68 468.60 Td (keep ) Tj ET Q q 0 0 0 rg BT 150.29 468.60 Td (these ) Tj ET Q q 0 0 0 rg BT 173.57 468.60 Td (products ) Tj ET Q q 0 0 0 rg BT 210.74 468.60 Td (competitive. ) Tj ET Q q 0 0 0 rg BT 263.18 468.60 Td (Increases ) Tj ET Q q 0 0 0 rg BT 303.11 468.60 Td (in ) Tj ET Q q 0 0 0 rg BT 313.62 468.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 351.89 468.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 376.00 468.60 Td (as ) Tj ET Q q 0 0 0 rg BT 387.06 468.60 Td (well ) Tj ET Q q 0 0 0 rg BT 407.01 468.60 Td (as ) Tj ET Q q 0 0 0 rg BT 418.07 468.60 Td (surrenders ) Tj ET Q q 0 0 0 rg BT 462.46 468.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.63 468.60 Td (withdrawals, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 456.60 Td (could ) Tj ET Q q 0 0 0 rg BT 105.77 456.60 Td (have ) Tj ET Q q 0 0 0 rg BT 127.20 456.60 Td (a ) Tj ET Q q 0 0 0 rg BT 134.19 456.60 Td (material ) Tj ET Q q 0 0 0 rg BT 169.50 456.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 202.59 456.60 Td (ef) Tj ET Q q 0 0 0 rg BT 210.18 456.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 227.72 456.60 Td (on ) Tj ET Q q 0 0 0 rg BT 240.27 456.60 Td (our ) Tj ET Q q 0 0 0 rg BT 256.15 456.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 295.10 456.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 332.63 456.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 372.96 456.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.95 456.60 Td (results ) Tj ET Q q 0 0 0 rg BT 418.61 456.60 Td (of ) Tj ET Q q 0 0 0 rg BT 429.49 456.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 476.20 456.60 Td (In ) Tj ET Q q 0 0 0 rg BT 487.08 456.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 524.91 456.60 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 123.13 444.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 155.27 444.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 176.84 444.60 Td (rise ) Tj ET Q q 0 0 0 rg BT 193.98 444.60 Td (dramatically ) Tj ET Q q 0 0 0 rg BT 246.66 444.60 Td (within ) Tj ET Q q 0 0 0 rg BT 274.92 444.60 Td (a ) Tj ET Q q 0 0 0 rg BT 282.05 444.60 Td (six- ) Tj ET Q q 0 0 0 rg BT 299.75 444.60 Td (to ) Tj ET Q q 0 0 0 rg BT 310.23 444.60 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 368.48 444.60 Td (time ) Tj ET Q q 0 0 0 rg BT 388.95 444.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 419.70 444.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 449.60 444.60 Td (of ) Tj ET Q q 0 0 0 rg BT 460.63 444.60 Td (our ) Tj ET Q q 0 0 0 rg BT 476.66 444.60 Td (products ) Tj ET Q q 0 0 0 rg BT 513.80 444.60 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.60 Td (be ) Tj ET Q q 0 0 0 rg BT 93.76 432.60 Td (exposed ) Tj ET Q q 0 0 0 rg BT 129.86 432.60 Td (to ) Tj ET Q q 0 0 0 rg BT 140.96 432.60 Td (disintermediation ) Tj ET Q q 0 0 0 rg BT 214.27 432.60 Td (risk. ) Tj ET Q q 0 0 0 rg BT 235.09 432.60 Td (Higher ) Tj ET Q q 0 0 0 rg BT 266.18 432.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 298.94 432.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 321.14 432.60 Td (may ) Tj ET Q q 0 0 0 rg BT 341.68 432.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 377.76 432.60 Td (the ) Tj ET Q q 0 0 0 rg BT 393.30 432.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 412.74 432.60 Td (of ) Tj ET Q q 0 0 0 rg BT 424.39 432.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 444.93 432.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.69 432.60 Td (other ) Tj ET Q q 0 0 0 rg BT 486.57 432.60 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 420.60 Td (having ) Tj ET Q q 0 0 0 rg BT 110.41 420.60 Td (floating ) Tj ET Q q 0 0 0 rg BT 143.71 420.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 160.90 420.60 Td (or ) Tj ET Q q 0 0 0 rg BT 171.42 420.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 188.61 420.60 Td (reset ) Tj ET Q q 0 0 0 rg BT 209.68 420.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 253.55 420.60 Td (and ) Tj ET Q q 0 0 0 rg BT 270.18 420.60 Td (may ) Tj ET Q q 0 0 0 rg BT 289.60 420.60 Td (result ) Tj ET Q q 0 0 0 rg BT 314.01 420.60 Td (in ) Tj ET Q q 0 0 0 rg BT 323.99 420.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 348.95 420.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 370.59 420.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.12 420.60 Td (other ) Tj ET Q q 0 0 0 rg BT 403.86 420.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 442.51 420.60 Td (A) Tj ET Q q 0 0 0 rg BT 449.18 420.60 Td ( ) Tj ET Q q 0 0 0 rg BT 451.38 420.60 Td (rise ) Tj ET Q q 0 0 0 rg BT 468.02 420.60 Td (in ) Tj ET Q q 0 0 0 rg BT 477.99 420.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.62 420.60 Td (rates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.30 408.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.05 408.60 Td (absence ) Tj ET Q q 0 0 0 rg BT 140.22 408.60 Td (of ) Tj ET Q q 0 0 0 rg BT 151.07 408.60 Td (other ) Tj ET Q q 0 0 0 rg BT 174.15 408.60 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 234.43 408.60 Td (changes, ) Tj ET Q q 0 0 0 rg BT 271.66 408.60 Td (will ) Tj ET Q q 0 0 0 rg BT 289.75 408.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 325.03 408.60 Td (the ) Tj ET Q q 0 0 0 rg BT 339.77 408.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 363.41 408.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 407.58 408.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 425.66 408.60 Td (position ) Tj ET Q q 0 0 0 rg BT 460.42 408.60 Td (of ) Tj ET Q q 0 0 0 rg BT 471.27 408.60 Td (our ) Tj ET Q q 0 0 0 rg BT 487.13 408.60 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 118.70 396.60 Td (which ) Tj ET Q q 0 0 0 rg BT 145.84 396.60 Td (will ) Tj ET Q q 0 0 0 rg BT 164.10 396.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 201.22 396.60 Td (our ) Tj ET Q q 0 0 0 rg BT 217.25 396.60 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 270.49 396.60 Td (other ) Tj ET Q q 0 0 0 rg BT 293.74 396.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 356.97 396.60 Td (income ) Tj ET Q q 0 0 0 rg BT 389.11 396.60 Td (and ) Tj ET Q q 0 0 0 rg BT 406.25 396.60 Td (shareholders) Tj ET Q q 0 0 0 rg BT 459.38 396.60 Td ( ) Tj ET Q q 0 0 0 rg BT 462.08 396.60 Td (equity) Tj ET Q q 0 0 0 rg BT 486.43 396.60 Td (. ) Tj ET Q q 0 0 0 rg BT 491.63 396.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 509.89 396.60 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 384.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 125.04 384.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 143.01 384.60 Td (on ) Tj ET Q q 0 0 0 rg BT 155.41 384.60 Td (our ) Tj ET Q q 0 0 0 rg BT 171.14 384.60 Td (available ) Tj ET Q q 0 0 0 rg BT 209.63 384.60 Td (for ) Tj ET Q q 0 0 0 rg BT 223.70 384.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 241.64 384.60 Td (\("AFS"\) ) Tj ET Q q 0 0 0 rg BT 277.22 384.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 314.61 384.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.57 384.60 Td ($269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.57 384.60 Td ( ) Tj ET Q q 0 0 0 rg BT 354.97 384.60 Td (as ) Tj ET Q q 0 0 0 rg BT 365.70 384.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.43 384.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 436.60 384.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.60 384.60 Td ( ) Tj ET Q q 0 0 0 rg BT 459.00 384.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 500.83 384.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.01 384.60 Td ($498) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 372.60 Td (as ) Tj ET Q q 0 0 0 rg BT 91.83 372.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.66 372.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 162.92 372.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.92 372.60 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 347.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 99.13 347.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 148.92 347.10 Td (are ) Tj ET Q q 0 0 0 rg BT 163.70 347.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 194.04 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.28 347.10 Td (market ) Tj ET Q q 0 0 0 rg BT 233.62 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.63 347.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 275.41 347.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 298.82 347.10 Td (These ) Tj ET Q q 0 0 0 rg BT 324.71 347.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 345.62 347.10 Td (could ) Tj ET Q q 0 0 0 rg BT 369.85 347.10 Td (be ) Tj ET Q q 0 0 0 rg BT 380.74 347.10 Td (heightened ) Tj ET Q q 0 0 0 rg BT 427.75 347.10 Td (during ) Tj ET Q q 0 0 0 rg BT 457.00 347.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 488.46 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.24 347.10 Td (extreme ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 335.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 119.05 335.10 Td (or ) Tj ET Q q 0 0 0 rg BT 130.44 335.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 175.18 335.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.02 335.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.75 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.81 335.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 269.63 335.10 Td (markets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.91 335.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 318.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.29 318.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 159.36 318.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 185.44 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.62 318.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 245.34 318.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.07 318.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 332.47 318.60 Td (are ) Tj ET Q q 0 0 0 rg BT 347.42 318.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 378.49 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 389.01 318.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 410.65 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 421.72 318.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 447.23 318.60 Td (defaults ) Tj ET Q q 0 0 0 rg BT 481.63 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 498.81 318.60 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 90.63 306.60 Td (market ) Tj ET Q q 0 0 0 rg BT 120.25 306.60 Td (values. ) Tj ET Q q 0 0 0 rg BT 150.16 306.60 Td (Periods ) Tj ET Q q 0 0 0 rg BT 182.01 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 192.20 306.60 Td (extreme ) Tj ET Q q 0 0 0 rg BT 226.25 306.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 264.22 306.60 Td (or ) Tj ET Q q 0 0 0 rg BT 274.40 306.60 Td (disruption ) Tj ET Q q 0 0 0 rg BT 316.82 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 326.45 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 340.52 306.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 377.36 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 393.65 306.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 418.27 306.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 451.78 306.60 Td (could ) Tj ET Q q 0 0 0 rg BT 475.85 306.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 510.46 306.60 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 294.60 Td (risks. ) Tj ET Q q 0 0 0 rg BT 105.84 294.60 Td (Underlying ) Tj ET Q q 0 0 0 rg BT 154.84 294.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 185.49 294.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 219.48 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 230.71 294.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 270.27 294.60 Td (af) Tj ET Q q 0 0 0 rg BT 277.85 294.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 309.07 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.73 294.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 363.16 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.05 294.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 407.26 294.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 442.37 294.60 Td (could ) Tj ET Q q 0 0 0 rg BT 468.03 294.60 Td (have ) Tj ET Q q 0 0 0 rg BT 490.36 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 498.24 294.60 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 282.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 114.04 282.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 143.75 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 156.25 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 172.08 282.60 Td (results ) Tj ET Q q 0 0 0 rg BT 200.69 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 211.52 282.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 255.67 282.60 Td (or ) Tj ET Q q 0 0 0 rg BT 266.50 282.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 303.98 282.60 Td (condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 261.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.07 261.60 Td (value ) Tj ET Q q 0 0 0 rg BT 147.24 261.60 Td (of ) Tj ET Q q 0 0 0 rg BT 158.10 261.60 Td (our ) Tj ET Q q 0 0 0 rg BT 173.95 261.60 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 245.88 261.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 296.17 261.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 331.46 261.60 Td (in ) Tj ET Q q 0 0 0 rg BT 341.76 261.60 Td (part ) Tj ET Q q 0 0 0 rg BT 359.83 261.60 Td (on ) Tj ET Q q 0 0 0 rg BT 372.35 261.60 Td (the ) Tj ET Q q 0 0 0 rg BT 387.09 261.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 424.59 261.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 464.88 261.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.73 261.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.47 261.60 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 249.60 Td (and ) Tj ET Q q 0 0 0 rg BT 96.76 249.60 Td (tenants ) Tj ET Q q 0 0 0 rg BT 126.41 249.60 Td (for ) Tj ET Q q 0 0 0 rg BT 139.39 249.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.93 249.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 194.24 249.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 238.89 249.60 Td (those ) Tj ET Q q 0 0 0 rg BT 261.32 249.60 Td (investments, ) Tj ET Q q 0 0 0 rg BT 312.92 249.60 Td (as ) Tj ET Q q 0 0 0 rg BT 322.57 249.60 Td (well ) Tj ET Q q 0 0 0 rg BT 341.11 249.60 Td (as ) Tj ET Q q 0 0 0 rg BT 350.77 249.60 Td (general ) Tj ET Q q 0 0 0 rg BT 381.51 249.60 Td (and ) Tj ET Q q 0 0 0 rg BT 397.27 249.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 429.69 249.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 469.89 249.60 Td (trends ) Tj ET Q q 0 0 0 rg BT 495.65 249.60 Td (af) Tj ET Q q 0 0 0 rg BT 503.24 249.60 Td (fecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.23 237.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 127.01 237.60 Td (default ) Tj ET Q q 0 0 0 rg BT 157.79 237.60 Td (rate. ) Tj ET Q q 0 0 0 rg BT 178.08 237.60 Td (W) Tj ET Q q 0 0 0 rg BT 186.72 237.60 Td (e ) Tj ET Q q 0 0 0 rg BT 194.17 237.60 Td (are ) Tj ET Q q 0 0 0 rg BT 209.39 237.60 Td (also ) Tj ET Q q 0 0 0 rg BT 228.52 237.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 259.86 237.60 Td (to ) Tj ET Q q 0 0 0 rg BT 270.66 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.89 237.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 303.91 237.60 Td (that ) Tj ET Q q 0 0 0 rg BT 321.92 237.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 342.70 237.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 367.94 237.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 405.95 237.60 Td (from ) Tj ET Q q 0 0 0 rg BT 428.41 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.64 237.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 484.98 237.60 Td (on ) Tj ET Q q 0 0 0 rg BT 498.00 237.60 Td (pools ) Tj ET Q q 0 0 0 rg BT 522.69 237.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 225.60 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 127.16 225.60 Td (that ) Tj ET Q q 0 0 0 rg BT 146.67 225.60 Td (serve ) Tj ET Q q 0 0 0 rg BT 172.27 225.60 Td (as ) Tj ET Q q 0 0 0 rg BT 185.11 225.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 226.82 225.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 274.65 225.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.38 225.60 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 365.29 225.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 407.57 225.60 Td (we ) Tj ET Q q 0 0 0 rg BT 423.73 225.60 Td (own ) Tj ET Q q 0 0 0 rg BT 445.46 225.60 Td (may ) Tj ET Q q 0 0 0 rg BT 467.19 225.60 Td (dif) Tj ET Q q 0 0 0 rg BT 478.12 225.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 493.72 225.60 Td (from ) Tj ET Q q 0 0 0 rg BT 517.67 225.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 213.60 Td (expectations ) Tj ET Q q 0 0 0 rg BT 135.61 213.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.02 213.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 178.77 213.60 Td (or ) Tj ET Q q 0 0 0 rg BT 191.73 213.60 Td (size. ) Tj ET Q q 0 0 0 rg BT 214.41 213.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 239.05 213.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 262.01 213.60 Td (variability ) Tj ET Q q 0 0 0 rg BT 307.74 213.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 339.59 213.60 Td (from ) Tj ET Q q 0 0 0 rg BT 363.66 213.60 Td (an ) Tj ET Q q 0 0 0 rg BT 377.73 213.60 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 427.90 213.60 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 480.83 213.60 Td (in ) Tj ET Q q 0 0 0 rg BT 493.24 213.60 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 201.60 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 130.62 201.60 Td (behavior ) Tj ET Q q 0 0 0 rg BT 168.01 201.60 Td (can ) Tj ET Q q 0 0 0 rg BT 184.31 201.60 Td (be ) Tj ET Q q 0 0 0 rg BT 196.16 201.60 Td (significant, ) Tj ET Q q 0 0 0 rg BT 243.28 201.60 Td (and ) Tj ET Q q 0 0 0 rg BT 260.13 201.60 Td (could ) Tj ET Q q 0 0 0 rg BT 284.77 201.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 309.39 201.60 Td (a ) Tj ET Q q 0 0 0 rg BT 316.24 201.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 347.52 201.60 Td (in ) Tj ET Q q 0 0 0 rg BT 357.72 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 372.35 201.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 413.08 201.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 429.37 201.60 Td (value ) Tj ET Q q 0 0 0 rg BT 453.44 201.60 Td (of ) Tj ET Q q 0 0 0 rg BT 464.18 201.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 493.80 201.60 Td (interest-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 189.60 Td (only ) Tj ET Q q 0 0 0 rg BT 105.99 189.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 146.53 189.60 Td (within ) Tj ET Q q 0 0 0 rg BT 174.85 189.60 Td (our ) Tj ET Q q 0 0 0 rg BT 190.96 189.60 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 263.14 189.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 303.67 189.60 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 343.33 189.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 363.32 189.60 Td (event ) Tj ET Q q 0 0 0 rg BT 387.75 189.60 Td (reducing ) Tj ET Q q 0 0 0 rg BT 425.51 189.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.50 189.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 481.59 189.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 498.24 189.60 Td (value ) Tj ET Q q 0 0 0 rg BT 522.67 189.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 177.60 Td (these ) Tj ET Q q 0 0 0 rg BT 103.43 177.60 Td (securities, ) Tj ET Q q 0 0 0 rg BT 145.58 177.60 Td (other ) Tj ET Q q 0 0 0 rg BT 168.02 177.60 Td (than ) Tj ET Q q 0 0 0 rg BT 187.12 177.60 Td (on ) Tj ET Q q 0 0 0 rg BT 199.01 177.60 Td (a ) Tj ET Q q 0 0 0 rg BT 205.33 177.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 248.31 177.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 272.70 177.60 Td (could ) Tj ET Q q 0 0 0 rg BT 296.80 177.60 Td (have ) Tj ET Q q 0 0 0 rg BT 317.56 177.60 Td (an ) Tj ET Q q 0 0 0 rg BT 328.89 177.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 361.31 177.60 Td (ef) Tj ET Q q 0 0 0 rg BT 368.90 177.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 385.77 177.60 Td (on ) Tj ET Q q 0 0 0 rg BT 397.66 177.60 Td (our ) Tj ET Q q 0 0 0 rg BT 412.87 177.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 451.15 177.60 Td (results ) Tj ET Q q 0 0 0 rg BT 479.15 177.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.36 177.60 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 165.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 165.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 135.42 165.60 Td (condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 146.60 Td (Significant ) Tj ET Q q 0 0 0 rg BT 151.65 146.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 193.85 146.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.60 146.60 Td (and ) Tj ET Q q 0 0 0 rg BT 248.80 146.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 274.34 146.60 Td (market ) Tj ET Q q 0 0 0 rg BT 304.87 146.60 Td (volatility) Tj ET Q q 0 0 0 rg BT 340.33 146.60 Td (, ) Tj ET Q q 0 0 0 rg BT 345.59 146.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 380.57 146.60 Td (in ) Tj ET Q q 0 0 0 rg BT 391.11 146.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 423.32 146.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 447.46 146.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 472.99 146.60 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 508.25 146.60 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 134.60 Td (defaults, ) Tj ET Q q 0 0 0 rg BT 118.61 134.60 Td (real ) Tj ET Q q 0 0 0 rg BT 137.04 134.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 163.26 134.60 Td (values, ) Tj ET Q q 0 0 0 rg BT 194.76 134.60 Td (market ) Tj ET Q q 0 0 0 rg BT 225.97 134.60 Td (illiquidity) Tj ET Q q 0 0 0 rg BT 264.77 134.60 Td (, ) Tj ET Q q 0 0 0 rg BT 270.72 134.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 306.94 134.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.17 134.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 346.61 134.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 376.44 134.60 Td (acts ) Tj ET Q q 0 0 0 rg BT 395.44 134.60 Td (of ) Tj ET Q q 0 0 0 rg BT 407.22 134.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 448.42 134.60 Td (malfeasance, ) Tj ET Q q 0 0 0 rg BT 503.78 134.60 Td (ratings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 122.60 Td (downgrades ) Tj ET Q q 0 0 0 rg BT 131.76 122.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.52 122.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.17 122.60 Td (issuers ) Tj ET Q q 0 0 0 rg BT 186.83 122.60 Td (or ) Tj ET Q q 0 0 0 rg BT 197.60 122.60 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 242.24 122.60 Td (of ) Tj ET Q q 0 0 0 rg BT 253.00 122.60 Td (these ) Tj ET Q q 0 0 0 rg BT 275.99 122.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 326.20 122.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.07 122.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 378.27 122.60 Td (in ) Tj ET Q q 0 0 0 rg BT 388.48 122.60 Td (general ) Tj ET Q q 0 0 0 rg BT 420.34 122.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 461.65 122.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 508.25 122.60 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 110.60 Td (alone ) Tj ET Q q 0 0 0 rg BT 105.05 110.60 Td (or ) Tj ET Q q 0 0 0 rg BT 115.77 110.60 Td (in ) Tj ET Q q 0 0 0 rg BT 125.95 110.60 Td (combination, ) Tj ET Q q 0 0 0 rg BT 180.83 110.60 Td (could ) Tj ET Q q 0 0 0 rg BT 205.44 110.60 Td (have ) Tj ET Q q 0 0 0 rg BT 226.71 110.60 Td (a ) Tj ET Q q 0 0 0 rg BT 233.54 110.60 Td (material ) Tj ET Q q 0 0 0 rg BT 268.70 110.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 301.63 110.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 331.23 110.60 Td (on ) Tj ET Q q 0 0 0 rg BT 343.63 110.60 Td (our ) Tj ET Q q 0 0 0 rg BT 359.35 110.60 Td (results ) Tj ET Q q 0 0 0 rg BT 387.85 110.60 Td (of ) Tj ET Q q 0 0 0 rg BT 398.58 110.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 445.13 110.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 482.50 110.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 522.67 110.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 98.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 101.13 98.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 125.71 98.60 Td (through ) Tj ET Q q 0 0 0 rg BT 159.18 98.60 Td (realized ) Tj ET Q q 0 0 0 rg BT 193.18 98.60 Td (losses, ) Tj ET Q q 0 0 0 rg BT 221.94 98.60 Td (OTTI, ) Tj ET Q q 0 0 0 rg BT 249.56 98.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 284.13 98.60 Td (in ) Tj ET Q q 0 0 0 rg BT 294.27 98.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 338.27 98.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 356.20 98.60 Td (positions ) Tj ET Q q 0 0 0 rg BT 394.67 98.60 Td (and ) Tj ET Q q 0 0 0 rg BT 411.47 98.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 451.59 98.60 Td (demands ) Tj ET Q q 0 0 0 rg BT 489.50 98.60 Td (on ) Tj ET Q q 0 0 0 rg BT 501.86 98.60 Td (capital. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 86.60 Td (As ) Tj ET Q q 0 0 0 rg BT 95.55 86.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.33 86.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 168.53 86.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.53 86.60 Td ( ) Tj ET Q q 0 0 0 rg BT 191.97 86.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.85 86.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.85 86.60 Td (, ) Tj ET Q q 0 0 0 rg BT 235.79 86.60 Td (we ) Tj ET Q q 0 0 0 rg BT 250.90 86.60 Td (had ) Tj ET Q q 0 0 0 rg BT 268.78 86.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 293.33 86.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 338.41 86.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 365.75 86.60 Td (on ) Tj ET Q q 0 0 0 rg BT 379.19 86.60 Td (our ) Tj ET Q q 0 0 0 rg BT 395.20 86.60 Td (AFS ) Tj ET Q q 0 0 0 rg BT 416.98 86.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 455.42 86.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.19 86.60 Td ($269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.19 86.60 Td ( ) Tj ET Q q 0 0 0 rg BT 490.63 86.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.51 86.60 Td ($498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 86.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 74.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 128.66 74.60 Td (. ) Tj ET Q q 0 0 0 rg BT 133.54 74.60 Td (In ) Tj ET Q q 0 0 0 rg BT 144.24 74.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 181.89 74.60 Td (our ) Tj ET Q q 0 0 0 rg BT 197.59 74.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 243.85 74.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 281.22 74.60 Td (is ) Tj ET Q q 0 0 0 rg BT 290.26 74.60 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 343.72 74.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.87 74.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 383.45 74.60 Td (industries. ) Tj ET Q q 0 0 0 rg BT 426.68 74.60 Td (As ) Tj ET Q q 0 0 0 rg BT 440.17 74.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.88 74.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 511.01 74.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 62.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.17 62.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.17 62.60 Td (, ) Tj ET Q q 0 0 0 rg BT 123.40 62.60 Td (our ) Tj ET Q q 0 0 0 rg BT 139.46 62.60 Td (most ) Tj ET Q q 0 0 0 rg BT 161.64 62.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 206.58 62.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 253.20 62.60 Td (in ) Tj ET Q q 0 0 0 rg BT 263.71 62.60 Td (one ) Tj ET Q q 0 0 0 rg BT 280.88 62.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 316.38 62.60 Td (was ) Tj ET Q q 0 0 0 rg BT 334.67 62.60 Td (our ) Tj ET Q q 0 0 0 rg BT 350.73 62.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 397.34 62.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 437.84 62.60 Td (in ) Tj ET Q q 0 0 0 rg BT 448.34 62.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.29 62.60 Td (banking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.51 62.60 Td ( ) Tj ET Q q 0 0 0 rg BT 498.24 62.60 Td (industry ) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 100.63 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 106.92 735.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 122.65 735.60 Td (value ) Tj ET Q q 0 0 0 rg BT 146.16 735.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.34 735.60 Td ($2,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.84 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 185.70 735.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.99 735.60 Td ($1,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.49 735.60 Td (, ) Tj ET Q q 0 0 0 rg BT 233.84 735.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.02 735.60 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.35 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 264.21 735.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.50 735.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.83 735.60 Td (, ) Tj ET Q q 0 0 0 rg BT 303.18 735.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 350.84 735.60 Td (, ) Tj ET Q q 0 0 0 rg BT 355.20 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 365.38 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 379.45 735.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 414.63 735.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 439.81 735.60 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 479.16 735.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 496.56 735.60 Td (holdings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 90.69 723.60 Td (this ) Tj ET Q q 0 0 0 rg BT 107.06 723.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 141.75 723.60 Td (include ) Tj ET Q q 0 0 0 rg BT 173.10 723.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 222.79 723.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.49 723.60 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.49 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 244.41 723.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.76 723.60 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.76 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 272.68 723.60 Td (dif) Tj ET Q q 0 0 0 rg BT 283.60 723.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 308.84 723.60 Td (issuers ) Tj ET Q q 0 0 0 rg BT 337.98 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 348.22 723.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.47 723.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 418.15 723.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 440.06 723.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.42 723.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.42 723.60 Td (, ) Tj ET Q q 0 0 0 rg BT 480.84 723.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 528.50 723.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (with ) Tj ET Q q 0 0 0 rg BT 100.80 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.04 711.60 Td (top ) Tj ET Q q 0 0 0 rg BT 129.84 711.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 144.08 711.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 193.87 711.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 239.76 711.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.45 711.60 Td (34%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.78 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.80 711.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.26 711.60 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.59 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 310.61 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.96 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 335.20 711.60 Td (total ) Tj ET Q q 0 0 0 rg BT 354.99 711.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 391.46 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.26 711.60 Td (this ) Tj ET Q q 0 0 0 rg BT 417.73 711.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 452.53 711.60 Td (as ) Tj ET Q q 0 0 0 rg BT 462.88 711.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.24 711.60 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.98 699.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.40 699.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.40 699.60 Td (, ) Tj ET Q q 0 0 0 rg BT 143.88 699.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 191.54 699.60 Td (. ) Tj ET Q q 0 0 0 rg BT 196.03 699.60 Td (In ) Tj ET Q q 0 0 0 rg BT 206.34 699.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 243.59 699.60 Td (market ) Tj ET Q q 0 0 0 rg BT 273.34 699.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 311.43 699.60 Td (can ) Tj ET Q q 0 0 0 rg BT 327.29 699.60 Td (make ) Tj ET Q q 0 0 0 rg BT 350.92 699.60 Td (it ) Tj ET Q q 0 0 0 rg BT 358.46 699.60 Td (dif) Tj ET Q q 0 0 0 rg BT 369.39 699.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 392.47 699.60 Td (for ) Tj ET Q q 0 0 0 rg BT 406.11 699.60 Td (us ) Tj ET Q q 0 0 0 rg BT 416.99 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 426.75 699.60 Td (value ) Tj ET Q q 0 0 0 rg BT 450.38 699.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 479.57 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.88 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 505.19 699.60 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (especially ) Tj ET Q q 0 0 0 rg BT 124.92 687.60 Td (if ) Tj ET Q q 0 0 0 rg BT 134.96 687.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 167.23 687.60 Td (becomes ) Tj ET Q q 0 0 0 rg BT 206.15 687.60 Td (less ) Tj ET Q q 0 0 0 rg BT 225.09 687.60 Td (frequent. ) Tj ET Q q 0 0 0 rg BT 264.56 687.60 Td (V) Tj ET Q q 0 0 0 rg BT 270.67 687.60 Td (aluations ) Tj ET Q q 0 0 0 rg BT 310.71 687.60 Td (may ) Tj ET Q q 0 0 0 rg BT 331.86 687.60 Td (include ) Tj ET Q q 0 0 0 rg BT 365.23 687.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 418.62 687.60 Td (or ) Tj ET Q q 0 0 0 rg BT 430.89 687.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 472.04 687.60 Td (that ) Tj ET Q q 0 0 0 rg BT 490.97 687.60 Td (may ) Tj ET Q q 0 0 0 rg BT 512.12 687.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 126.15 675.60 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 194.62 675.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 229.76 675.60 Td (that ) Tj ET Q q 0 0 0 rg BT 247.69 675.60 Td (could ) Tj ET Q q 0 0 0 rg BT 272.84 675.60 Td (have ) Tj ET Q q 0 0 0 rg BT 294.66 675.60 Td (an ) Tj ET Q q 0 0 0 rg BT 307.03 675.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 340.50 675.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 370.65 675.60 Td (on ) Tj ET Q q 0 0 0 rg BT 383.59 675.60 Td (our ) Tj ET Q q 0 0 0 rg BT 399.85 675.60 Td (results ) Tj ET Q q 0 0 0 rg BT 428.90 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 440.16 675.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 484.76 675.60 Td (or ) Tj ET Q q 0 0 0 rg BT 496.02 675.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 644.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 644.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.07 644.60 Td (are ) Tj ET Q q 0 0 0 rg BT 134.28 644.60 Td (exposed ) Tj ET Q q 0 0 0 rg BT 169.05 644.60 Td (to ) Tj ET Q q 0 0 0 rg BT 178.82 644.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 203.59 644.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 221.15 644.60 Td (in ) Tj ET Q q 0 0 0 rg BT 230.92 644.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.14 644.60 Td (event ) Tj ET Q q 0 0 0 rg BT 268.79 644.60 Td (of ) Tj ET Q q 0 0 0 rg BT 279.12 644.60 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 349.97 644.60 Td (by ) Tj ET Q q 0 0 0 rg BT 361.97 644.60 Td (our ) Tj ET Q q 0 0 0 rg BT 377.30 644.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 435.94 644.60 Td (on ) Tj ET Q q 0 0 0 rg BT 447.94 644.60 Td (call ) Tj ET Q q 0 0 0 rg BT 464.37 644.60 Td (options. ) Tj ET Q q 0 0 0 rg BT 498.17 644.60 Td (W) Tj ET Q q 0 0 0 rg BT 506.81 644.60 Td (e ) Tj ET Q q 0 0 0 rg BT 513.25 644.60 Td (seek ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 632.60 Td (to ) Tj ET Q q 0 0 0 rg BT 90.26 632.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 118.39 632.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.09 632.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 148.58 632.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 191.16 632.60 Td (with ) Tj ET Q q 0 0 0 rg BT 210.42 632.60 Td (such ) Tj ET Q q 0 0 0 rg BT 230.23 632.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 277.25 632.60 Td (by ) Tj ET Q q 0 0 0 rg BT 288.73 632.60 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 334.10 632.60 Td (such ) Tj ET Q q 0 0 0 rg BT 353.91 632.60 Td (options ) Tj ET Q q 0 0 0 rg BT 384.84 632.60 Td (from ) Tj ET Q q 0 0 0 rg BT 405.77 632.60 Td (lar) Tj ET Q q 0 0 0 rg BT 416.13 632.60 Td (ge, ) Tj ET Q q 0 0 0 rg BT 429.55 632.60 Td (well-established ) Tj ET Q q 0 0 0 rg BT 496.02 632.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.60 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 129.30 620.60 Td (but ) Tj ET Q q 0 0 0 rg BT 143.42 620.60 Td (there ) Tj ET Q q 0 0 0 rg BT 164.75 620.60 Td (can ) Tj ET Q q 0 0 0 rg BT 179.97 620.60 Td (be ) Tj ET Q q 0 0 0 rg BT 190.76 620.60 Td (no ) Tj ET Q q 0 0 0 rg BT 202.10 620.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 242.32 620.60 Td (that ) Tj ET Q q 0 0 0 rg BT 258.66 620.60 Td (we ) Tj ET Q q 0 0 0 rg BT 271.66 620.60 Td (will ) Tj ET Q q 0 0 0 rg BT 288.56 620.60 Td (not ) Tj ET Q q 0 0 0 rg BT 302.69 620.60 Td (suf) Tj ET Q q 0 0 0 rg BT 314.73 620.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 327.17 620.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 352.41 620.60 Td (in ) Tj ET Q q 0 0 0 rg BT 361.53 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 375.09 620.60 Td (event ) Tj ET Q q 0 0 0 rg BT 398.09 620.60 Td (of ) Tj ET Q q 0 0 0 rg BT 407.77 620.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 459.65 620.60 Td (non-performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 608.60 Td (As ) Tj ET Q q 0 0 0 rg BT 95.18 608.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.58 608.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 167.41 608.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.41 608.60 Td ( ) Tj ET Q q 0 0 0 rg BT 190.48 608.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.99 608.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.99 608.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.56 608.60 Td ($128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.56 608.60 Td ( ) Tj ET Q q 0 0 0 rg BT 256.63 608.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.13 608.60 Td ($7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.13 608.60 Td (, ) Tj ET Q q 0 0 0 rg BT 289.70 608.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 337.36 608.60 Td (, ) Tj ET Q q 0 0 0 rg BT 342.93 608.60 Td (of ) Tj ET Q q 0 0 0 rg BT 354.33 608.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 394.60 608.60 Td (was ) Tj ET Q q 0 0 0 rg BT 413.22 608.60 Td (posted ) Tj ET Q q 0 0 0 rg BT 442.40 608.60 Td (by ) Tj ET Q q 0 0 0 rg BT 455.47 608.60 Td (our ) Tj ET Q q 0 0 0 rg BT 471.86 608.60 Td (counterparties. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 596.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 130.34 596.60 Td (, ) Tj ET Q q 0 0 0 rg BT 134.83 596.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.04 596.60 Td (maximum ) Tj ET Q q 0 0 0 rg BT 191.59 596.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 223.58 596.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.91 596.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 251.47 596.60 Td (due ) Tj ET Q q 0 0 0 rg BT 267.90 596.60 Td (to ) Tj ET Q q 0 0 0 rg BT 277.68 596.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 302.44 596.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 319.43 596.60 Td (that ) Tj ET Q q 0 0 0 rg BT 336.42 596.60 Td (we ) Tj ET Q q 0 0 0 rg BT 350.08 596.60 Td (would ) Tj ET Q q 0 0 0 rg BT 377.08 596.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 399.62 596.60 Td (if ) Tj ET Q q 0 0 0 rg BT 407.72 596.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 436.38 596.60 Td (to ) Tj ET Q q 0 0 0 rg BT 446.15 596.60 Td (the ) Tj ET Q q 0 0 0 rg BT 460.36 596.60 Td (call ) Tj ET Q q 0 0 0 rg BT 476.79 596.60 Td (options ) Tj ET Q q 0 0 0 rg BT 508.24 596.60 Td (failed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 584.60 Td (completely ) Tj ET Q q 0 0 0 rg BT 127.67 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.70 584.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 172.15 584.60 Td (according ) Tj ET Q q 0 0 0 rg BT 213.82 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 223.84 584.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.30 584.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 262.77 584.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.34 584.60 Td (the ) Tj ET Q q 0 0 0 rg BT 287.80 584.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 326.14 584.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.94 584.60 Td ($148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.94 584.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.18 584.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.87 584.60 Td ($74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.87 584.60 Td ( ) Tj ET Q q 0 0 0 rg BT 400.11 584.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.57 584.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 469.58 584.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.58 584.60 Td ( ) Tj ET Q q 0 0 0 rg BT 491.83 584.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.51 584.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 584.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 572.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 128.66 572.60 Td (. ) Tj ET Q q 0 0 0 rg BT 133.25 572.60 Td (See ) Tj ET Q q 0 0 0 rg BT 149.78 572.60 Td ("Note5. ) Tj ET Q q 0 0 0 rg BT 185.40 572.60 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 229.69 572.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 269.00 572.60 Td (Instruments" ) Tj ET Q q 0 0 0 rg BT 322.39 572.60 Td (to ) Tj ET Q q 0 0 0 rg BT 332.26 572.60 Td (our ) Tj ET Q q 0 0 0 rg BT 347.68 572.60 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.21 572.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 434.07 572.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 473.38 572.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.26 572.60 Td ( ) Tj ET Q q 0 0 0 rg BT 519.35 572.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 560.60 Td (further ) Tj ET Q q 0 0 0 rg BT 110.71 560.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 154.88 560.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.71 560.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 190.97 560.60 Td (risk. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 538.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 110.73 538.10 Td (market ) Tj ET Q q 0 0 0 rg BT 142.11 538.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 180.16 538.10 Td (could ) Tj ET Q q 0 0 0 rg BT 205.44 538.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 249.59 538.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 279.86 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.82 538.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.33 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 522.60 Td (Equity ) Tj ET Q q 0 0 0 rg BT 133.92 522.60 Td (market ) Tj ET Q q 0 0 0 rg BT 163.94 522.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 202.31 522.60 Td (can ) Tj ET Q q 0 0 0 rg BT 218.44 522.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 262.35 522.60 Td (af) Tj ET Q q 0 0 0 rg BT 269.94 522.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 287.18 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 302.77 522.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 340.56 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 357.26 522.60 Td (profitability ) Tj ET Q q 0 0 0 rg BT 407.29 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 417.32 522.60 Td (various ) Tj ET Q q 0 0 0 rg BT 449.02 522.60 Td (ways, ) Tj ET Q q 0 0 0 rg BT 474.33 522.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 522.67 522.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.59 510.60 Td (result ) Tj ET Q q 0 0 0 rg BT 111.96 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.45 510.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 168.46 510.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 209.51 510.60 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 256.64 510.60 Td (or ) Tj ET Q q 0 0 0 rg BT 267.13 510.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 307.04 510.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 340.85 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 350.78 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 366.26 510.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 405.20 510.60 Td (The ) Tj ET Q q 0 0 0 rg BT 422.90 510.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 463.37 510.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 481.64 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 492.12 510.60 Td (providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 498.60 Td (GMWB ) Tj ET Q q 0 0 0 rg BT 116.99 498.60 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 170.19 498.60 Td (various ) Tj ET Q q 0 0 0 rg BT 203.40 498.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 256.62 498.60 Td (about ) Tj ET Q q 0 0 0 rg BT 282.60 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.59 498.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 330.13 498.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 384.42 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.52 498.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 425.29 498.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 460.71 498.60 Td (over ) Tj ET Q q 0 0 0 rg BT 482.25 498.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 513.23 498.60 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 486.60 Td (periods. ) Tj ET Q q 0 0 0 rg BT 114.78 486.60 Td (Periods ) Tj ET Q q 0 0 0 rg BT 146.62 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 156.79 486.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 200.84 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 217.12 486.60 Td (sustained ) Tj ET Q q 0 0 0 rg BT 256.17 486.60 Td (downturns ) Tj ET Q q 0 0 0 rg BT 300.24 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 309.85 486.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 336.69 486.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 370.18 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 380.35 486.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 419.95 486.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 446.78 486.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 484.73 486.60 Td (could ) Tj ET Q q 0 0 0 rg BT 508.79 486.60 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.71 474.60 Td (an ) Tj ET Q q 0 0 0 rg BT 104.07 474.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 139.75 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 150.46 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 165.60 474.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 205.74 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.00 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.14 474.60 Td (future ) Tj ET Q q 0 0 0 rg BT 258.95 474.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 286.87 474.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 317.56 474.60 Td (or ) Tj ET Q q 0 0 0 rg BT 328.82 474.60 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 382.29 474.60 Td (account ) Tj ET Q q 0 0 0 rg BT 416.31 474.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 449.77 474.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 489.91 474.60 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 462.60 Td (with ) Tj ET Q q 0 0 0 rg BT 101.07 462.60 Td (such ) Tj ET Q q 0 0 0 rg BT 121.70 462.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 160.94 462.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 198.23 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 208.30 462.60 Td (a ) Tj ET Q q 0 0 0 rg BT 215.04 462.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 255.10 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 265.17 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 280.80 462.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 318.63 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 335.37 462.60 Td (net ) Tj ET Q q 0 0 0 rg BT 349.88 462.60 Td (income. ) Tj ET Q q 0 0 0 rg BT 383.94 462.60 Td (The ) Tj ET Q q 0 0 0 rg BT 401.79 462.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 419.07 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 429.70 462.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 482.53 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 493.16 462.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 516.56 462.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 450.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 108.78 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 112.12 450.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 135.46 450.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 169.34 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 180.46 450.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 196.02 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 199.36 450.60 Td (products ) Tj ET Q q 0 0 0 rg BT 237.14 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 254.92 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.48 450.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 289.93 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 301.60 450.60 Td (providing ) Tj ET Q q 0 0 0 rg BT 343.82 450.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 391.02 450.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 433.26 450.60 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 481.58 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 493.25 450.60 Td (surrender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 438.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 115.09 438.60 Td (could ) Tj ET Q q 0 0 0 rg BT 139.75 438.60 Td (also ) Tj ET Q q 0 0 0 rg BT 158.29 438.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 193.49 438.60 Td (if ) Tj ET Q q 0 0 0 rg BT 202.03 438.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 229.47 438.60 Td (market ) Tj ET Q q 0 0 0 rg BT 259.67 438.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 312.63 438.60 Td (is ) Tj ET Q q 0 0 0 rg BT 321.74 438.60 Td (worse ) Tj ET Q q 0 0 0 rg BT 348.06 438.60 Td (than ) Tj ET Q q 0 0 0 rg BT 367.71 438.60 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 407.09 438.60 Td (hence ) Tj ET Q q 0 0 0 rg BT 432.84 438.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 475.82 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 492.69 438.60 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 426.60 Td (impacting ) Tj ET Q q 0 0 0 rg BT 123.49 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 139.32 426.60 Td (results ) Tj ET Q q 0 0 0 rg BT 167.93 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 178.76 426.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 222.91 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 239.85 426.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.33 426.60 Td (condition. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 404.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 109.06 404.10 Td (market ) Tj ET Q q 0 0 0 rg BT 140.44 404.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 178.49 404.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.88 404.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 234.62 404.10 Td (could ) Tj ET Q q 0 0 0 rg BT 259.90 404.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 300.72 404.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 330.99 404.10 Td (our ) Tj ET Q q 0 0 0 rg BT 347.94 404.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 387.67 404.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 429.07 404.10 Td (or ) Tj ET Q q 0 0 0 rg BT 440.46 404.10 Td (results ) Tj ET Q q 0 0 0 rg BT 470.19 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.02 404.10 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.86 404.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 388.60 Td (Significant ) Tj ET Q q 0 0 0 rg BT 151.80 388.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 190.83 388.60 Td (or ) Tj ET Q q 0 0 0 rg BT 202.08 388.60 Td (disruption ) Tj ET Q q 0 0 0 rg BT 245.56 388.60 Td (in ) Tj ET Q q 0 0 0 rg BT 256.25 388.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 281.94 388.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 316.51 388.60 Td (could ) Tj ET Q q 0 0 0 rg BT 341.65 388.60 Td (have ) Tj ET Q q 0 0 0 rg BT 363.45 388.60 Td (a ) Tj ET Q q 0 0 0 rg BT 370.81 388.60 Td (material ) Tj ET Q q 0 0 0 rg BT 406.48 388.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 439.94 388.60 Td (ef) Tj ET Q q 0 0 0 rg BT 447.53 388.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 465.43 388.60 Td (on ) Tj ET Q q 0 0 0 rg BT 478.35 388.60 Td (our ) Tj ET Q q 0 0 0 rg BT 494.60 388.60 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 376.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.13 376.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 158.04 376.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.63 376.60 Td (results ) Tj ET Q q 0 0 0 rg BT 202.88 376.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.36 376.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 259.66 376.60 Td (Changes ) Tj ET Q q 0 0 0 rg BT 296.24 376.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.16 376.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 337.74 376.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 358.76 376.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.35 376.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 400.26 376.60 Td (spreads ) Tj ET Q q 0 0 0 rg BT 432.39 376.60 Td (could ) Tj ET Q q 0 0 0 rg BT 456.75 376.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 481.10 376.60 Td (market ) Tj ET Q q 0 0 0 rg BT 511.01 376.60 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 364.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.43 364.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.18 364.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 140.50 364.60 Td (variability ) Tj ET Q q 0 0 0 rg BT 184.58 364.60 Td (in ) Tj ET Q q 0 0 0 rg BT 195.35 364.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.55 364.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 234.09 364.60 Td (income ) Tj ET Q q 0 0 0 rg BT 266.51 364.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 316.16 364.60 Td (in ) Tj ET Q q 0 0 0 rg BT 326.93 364.60 Td (our ) Tj ET Q q 0 0 0 rg BT 343.25 364.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 390.11 364.60 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 430.60 364.60 Td (Significant ) Tj ET Q q 0 0 0 rg BT 477.47 364.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 516.56 364.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 352.60 Td (lack ) Tj ET Q q 0 0 0 rg BT 99.62 352.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.92 352.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 145.78 352.60 Td (in ) Tj ET Q q 0 0 0 rg BT 155.53 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.71 352.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 194.44 352.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 228.07 352.60 Td (could ) Tj ET Q q 0 0 0 rg BT 252.25 352.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 276.42 352.60 Td (issuers ) Tj ET Q q 0 0 0 rg BT 305.61 352.60 Td (of ) Tj ET Q q 0 0 0 rg BT 315.91 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.10 352.60 Td (fixed-income ) Tj ET Q q 0 0 0 rg BT 385.38 352.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 425.11 352.60 Td (in ) Tj ET Q q 0 0 0 rg BT 434.85 352.60 Td (our ) Tj ET Q q 0 0 0 rg BT 450.15 352.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 496.00 352.60 Td (portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 340.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.54 340.60 Td (default ) Tj ET Q q 0 0 0 rg BT 122.06 340.60 Td (on ) Tj ET Q q 0 0 0 rg BT 134.82 340.60 Td (either ) Tj ET Q q 0 0 0 rg BT 160.35 340.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 198.65 340.60 Td (or ) Tj ET Q q 0 0 0 rg BT 209.74 340.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 241.93 340.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 283.02 340.60 Td (on ) Tj ET Q q 0 0 0 rg BT 295.78 340.60 Td (these ) Tj ET Q q 0 0 0 rg BT 319.09 340.60 Td (securities. ) Tj ET Q q 0 0 0 rg BT 361.50 340.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 411.40 340.60 Td (, ) Tj ET Q q 0 0 0 rg BT 416.66 340.60 Td (market ) Tj ET Q q 0 0 0 rg BT 447.19 340.60 Td (price ) Tj ET Q q 0 0 0 rg BT 469.93 340.60 Td (valuations ) Tj ET Q q 0 0 0 rg BT 513.80 340.60 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 328.60 Td (not ) Tj ET Q q 0 0 0 rg BT 96.28 328.60 Td (accurately ) Tj ET Q q 0 0 0 rg BT 139.86 328.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 167.89 328.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.61 328.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 228.43 328.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 266.46 328.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 286.73 328.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 311.45 328.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.28 328.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 362.55 328.60 Td (within ) Tj ET Q q 0 0 0 rg BT 390.60 328.60 Td (our ) Tj ET Q q 0 0 0 rg BT 406.43 328.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 452.82 328.60 Td (portfolio. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 306.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.25 306.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 119.87 306.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.71 306.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 162.09 306.10 Td (or ) Tj ET Q q 0 0 0 rg BT 173.48 306.10 Td (state ) Tj ET Q q 0 0 0 rg BT 194.87 306.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 210.15 306.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 230.99 306.10 Td (may ) Tj ET Q q 0 0 0 rg BT 250.70 306.10 Td (af) Tj ET Q q 0 0 0 rg BT 258.85 306.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 276.34 306.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 298.84 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.67 306.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.62 306.10 Td (products ) Tj ET Q q 0 0 0 rg BT 364.68 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.74 306.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 430.70 306.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.20 306.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 290.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.03 290.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 153.51 290.60 Td (and ) Tj ET Q q 0 0 0 rg BT 169.44 290.60 Td (life ) Tj ET Q q 0 0 0 rg BT 184.25 290.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 224.05 290.60 Td (products ) Tj ET Q q 0 0 0 rg BT 259.97 290.60 Td (that ) Tj ET Q q 0 0 0 rg BT 276.46 290.60 Td (we ) Tj ET Q q 0 0 0 rg BT 289.60 290.60 Td (market ) Tj ET Q q 0 0 0 rg BT 318.85 290.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 357.54 290.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 389.57 290.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.27 290.60 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 455.30 290.60 Td (with ) Tj ET Q q 0 0 0 rg BT 474.57 290.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 503.25 290.60 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 278.60 Td (income ) Tj ET Q q 0 0 0 rg BT 113.26 278.60 Td (or ) Tj ET Q q 0 0 0 rg BT 124.42 278.60 Td (state ) Tj ET Q q 0 0 0 rg BT 145.57 278.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 160.61 278.60 Td (advantages. ) Tj ET Q q 0 0 0 rg BT 210.36 278.60 Td (For ) Tj ET Q q 0 0 0 rg BT 227.08 278.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 266.28 278.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 296.86 278.60 Td (income ) Tj ET Q q 0 0 0 rg BT 329.12 278.60 Td (taxation ) Tj ET Q q 0 0 0 rg BT 364.15 278.60 Td (on ) Tj ET Q q 0 0 0 rg BT 376.98 278.60 Td (any ) Tj ET Q q 0 0 0 rg BT 394.25 278.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 433.72 278.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.32 278.60 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 501.02 278.60 Td (annuity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 114.50 266.60 Td (values ) Tj ET Q q 0 0 0 rg BT 141.34 266.60 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 160.68 266.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.19 266.60 Td (inside ) Tj ET Q q 0 0 0 rg BT 203.81 266.60 Td (build-up\) ) Tj ET Q q 0 0 0 rg BT 246.76 266.60 Td (is ) Tj ET Q q 0 0 0 rg BT 254.72 266.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 289.32 266.60 Td (until ) Tj ET Q q 0 0 0 rg BT 308.95 266.60 Td (it ) Tj ET Q q 0 0 0 rg BT 315.80 266.60 Td (is ) Tj ET Q q 0 0 0 rg BT 323.76 266.60 Td (received ) Tj ET Q q 0 0 0 rg BT 358.92 266.60 Td (by ) Tj ET Q q 0 0 0 rg BT 370.21 266.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.72 266.60 Td (policyholder) Tj ET Q q 0 0 0 rg BT 433.71 266.60 Td (. ) Tj ET Q q 0 0 0 rg BT 437.51 266.60 Td (Non-qualified ) Tj ET Q q 0 0 0 rg BT 494.90 266.60 Td (annuities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.60 Td (are ) Tj ET Q q 0 0 0 rg BT 95.90 254.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 134.69 254.60 Td (that ) Tj ET Q q 0 0 0 rg BT 152.38 254.60 Td (are ) Tj ET Q q 0 0 0 rg BT 167.27 254.60 Td (not ) Tj ET Q q 0 0 0 rg BT 182.74 254.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 202.10 254.60 Td (to ) Tj ET Q q 0 0 0 rg BT 212.57 254.60 Td (a ) Tj ET Q q 0 0 0 rg BT 219.70 254.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 257.93 254.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 301.71 254.60 Td (plan. ) Tj ET Q q 0 0 0 rg BT 323.93 254.60 Td (W) Tj ET Q q 0 0 0 rg BT 332.96 254.60 Td (ith ) Tj ET Q q 0 0 0 rg BT 346.21 254.60 Td (other ) Tj ET Q q 0 0 0 rg BT 369.45 254.60 Td (savings ) Tj ET Q q 0 0 0 rg BT 402.14 254.60 Td (investments, ) Tj ET Q q 0 0 0 rg BT 455.10 254.60 Td (such ) Tj ET Q q 0 0 0 rg BT 476.12 254.60 Td (as ) Tj ET Q q 0 0 0 rg BT 487.14 254.60 Td (certificates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 242.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.84 242.60 Td (deposit ) Tj ET Q q 0 0 0 rg BT 123.24 242.60 Td (and ) Tj ET Q q 0 0 0 rg BT 140.20 242.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 171.58 242.60 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 200.49 242.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.22 242.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 250.49 242.60 Td (in ) Tj ET Q q 0 0 0 rg BT 260.78 242.60 Td (value ) Tj ET Q q 0 0 0 rg BT 284.95 242.60 Td (is ) Tj ET Q q 0 0 0 rg BT 294.13 242.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 333.85 242.60 Td (taxed ) Tj ET Q q 0 0 0 rg BT 358.01 242.60 Td (each ) Tj ET Q q 0 0 0 rg BT 378.84 242.60 Td (year ) Tj ET Q q 0 0 0 rg BT 398.56 242.60 Td (as ) Tj ET Q q 0 0 0 rg BT 409.41 242.60 Td (it ) Tj ET Q q 0 0 0 rg BT 417.48 242.60 Td (is ) Tj ET Q q 0 0 0 rg BT 426.66 242.60 Td (realized. ) Tj ET Q q 0 0 0 rg BT 462.76 242.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 512.66 242.60 Td (, ) Tj ET Q q 0 0 0 rg BT 517.68 242.60 Td (life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 230.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 121.82 230.60 Td (death ) Tj ET Q q 0 0 0 rg BT 145.97 230.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 180.13 230.60 Td (are ) Tj ET Q q 0 0 0 rg BT 194.83 230.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 234.54 230.60 Td (exempt ) Tj ET Q q 0 0 0 rg BT 266.47 230.60 Td (from ) Tj ET Q q 0 0 0 rg BT 288.41 230.60 Td (income ) Tj ET Q q 0 0 0 rg BT 320.34 230.60 Td (tax. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 211.60 Td (From ) Tj ET Q q 0 0 0 rg BT 129.66 211.60 Td (time ) Tj ET Q q 0 0 0 rg BT 150.42 211.60 Td (to ) Tj ET Q q 0 0 0 rg BT 161.19 211.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 184.46 211.60 Td (various ) Tj ET Q q 0 0 0 rg BT 216.89 211.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 232.09 211.60 Td (law ) Tj ET Q q 0 0 0 rg BT 249.52 211.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 284.72 211.60 Td (have ) Tj ET Q q 0 0 0 rg BT 306.59 211.60 Td (been ) Tj ET Q q 0 0 0 rg BT 328.46 211.60 Td (proposed ) Tj ET Q q 0 0 0 rg BT 368.11 211.60 Td (that ) Tj ET Q q 0 0 0 rg BT 386.09 211.60 Td (could ) Tj ET Q q 0 0 0 rg BT 411.30 211.60 Td (have ) Tj ET Q q 0 0 0 rg BT 433.17 211.60 Td (an ) Tj ET Q q 0 0 0 rg BT 445.60 211.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 479.13 211.60 Td (ef) Tj ET Q q 0 0 0 rg BT 486.71 211.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 504.69 211.60 Td (on ) Tj ET Q q 0 0 0 rg BT 517.68 211.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 199.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 119.83 199.60 Td (including ) Tj ET Q q 0 0 0 rg BT 160.05 199.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.71 199.60 Td (elimination ) Tj ET Q q 0 0 0 rg BT 222.70 199.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.47 199.60 Td (all ) Tj ET Q q 0 0 0 rg BT 245.91 199.60 Td (or ) Tj ET Q q 0 0 0 rg BT 256.68 199.60 Td (a ) Tj ET Q q 0 0 0 rg BT 263.57 199.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 294.90 199.60 Td (of ) Tj ET Q q 0 0 0 rg BT 305.67 199.60 Td (the ) Tj ET Q q 0 0 0 rg BT 320.33 199.60 Td (income ) Tj ET Q q 0 0 0 rg BT 352.20 199.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 366.86 199.60 Td (advantages ) Tj ET Q q 0 0 0 rg BT 413.73 199.60 Td (described ) Tj ET Q q 0 0 0 rg BT 454.49 199.60 Td (above ) Tj ET Q q 0 0 0 rg BT 480.81 199.60 Td (for ) Tj ET Q q 0 0 0 rg BT 494.91 199.60 Td (annuities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 187.60 Td (and ) Tj ET Q q 0 0 0 rg BT 96.83 187.60 Td (life ) Tj ET Q q 0 0 0 rg BT 111.54 187.60 Td (insurance. ) Tj ET Q q 0 0 0 rg BT 153.44 187.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 203.34 187.60 Td (, ) Tj ET Q q 0 0 0 rg BT 207.23 187.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 246.94 187.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 285.26 187.60 Td (including ) Tj ET Q q 0 0 0 rg BT 324.43 187.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.03 187.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 351.64 187.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 390.78 187.60 Td (features ) Tj ET Q q 0 0 0 rg BT 423.82 187.60 Td (of ) Tj ET Q q 0 0 0 rg BT 433.54 187.60 Td (these ) Tj ET Q q 0 0 0 rg BT 455.47 187.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 493.80 187.60 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 175.60 Td (must ) Tj ET Q q 0 0 0 rg BT 103.46 175.60 Td (be ) Tj ET Q q 0 0 0 rg BT 115.92 175.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 156.14 175.60 Td (by ) Tj ET Q q 0 0 0 rg BT 169.16 175.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.39 175.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 225.73 175.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 268.73 175.60 Td (in ) Tj ET Q q 0 0 0 rg BT 279.52 175.60 Td (each ) Tj ET Q q 0 0 0 rg BT 300.85 175.60 Td (state ) Tj ET Q q 0 0 0 rg BT 322.20 175.60 Td (in ) Tj ET Q q 0 0 0 rg BT 332.99 175.60 Td (which ) Tj ET Q q 0 0 0 rg BT 360.45 175.60 Td (they ) Tj ET Q q 0 0 0 rg BT 380.68 175.60 Td (are ) Tj ET Q q 0 0 0 rg BT 395.90 175.60 Td (sold. ) Tj ET Q q 0 0 0 rg BT 417.87 175.60 Td (This ) Tj ET Q q 0 0 0 rg BT 438.67 175.60 Td (review ) Tj ET Q q 0 0 0 rg BT 468.89 175.60 Td (could ) Tj ET Q q 0 0 0 rg BT 494.12 175.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 518.80 175.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 163.60 Td (introduction ) Tj ET Q q 0 0 0 rg BT 132.50 163.60 Td (of ) Tj ET Q q 0 0 0 rg BT 143.46 163.60 Td (new ) Tj ET Q q 0 0 0 rg BT 162.74 163.60 Td (products ) Tj ET Q q 0 0 0 rg BT 199.80 163.60 Td (or ) Tj ET Q q 0 0 0 rg BT 210.75 163.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 240.58 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 255.42 163.60 Td (features ) Tj ET Q q 0 0 0 rg BT 289.69 163.60 Td (that ) Tj ET Q q 0 0 0 rg BT 307.31 163.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 340.48 163.60 Td (for ) Tj ET Q q 0 0 0 rg BT 354.76 163.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 369.60 163.60 Td (advantages ) Tj ET Q q 0 0 0 rg BT 416.64 163.60 Td (and ) Tj ET Q q 0 0 0 rg BT 433.71 163.60 Td (make ) Tj ET Q q 0 0 0 rg BT 457.98 163.60 Td (such ) Tj ET Q q 0 0 0 rg BT 478.93 163.60 Td (products ) Tj ET Q q 0 0 0 rg BT 516.00 163.60 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 151.60 Td (attractive ) Tj ET Q q 0 0 0 rg BT 121.51 151.60 Td (to ) Tj ET Q q 0 0 0 rg BT 132.60 151.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 170.90 151.60 Td (purchasers. ) Tj ET Q q 0 0 0 rg BT 219.47 151.60 Td (If ) Tj ET Q q 0 0 0 rg BT 229.44 151.60 Td (legislation ) Tj ET Q q 0 0 0 rg BT 274.41 151.60 Td (were ) Tj ET Q q 0 0 0 rg BT 297.15 151.60 Td (enacted ) Tj ET Q q 0 0 0 rg BT 330.99 151.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.08 151.60 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 382.60 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.12 151.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 413.65 151.60 Td (deferral ) Tj ET Q q 0 0 0 rg BT 448.05 151.60 Td (for ) Tj ET Q q 0 0 0 rg BT 463.02 151.60 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 504.93 151.60 Td (such ) Tj ET Q q 0 0 0 rg BT 526.57 151.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 139.60 Td (change ) Tj ET Q q 0 0 0 rg BT 111.82 139.60 Td (would ) Tj ET Q q 0 0 0 rg BT 139.32 139.60 Td (have ) Tj ET Q q 0 0 0 rg BT 160.69 139.60 Td (a ) Tj ET Q q 0 0 0 rg BT 167.63 139.60 Td (material ) Tj ET Q q 0 0 0 rg BT 202.89 139.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 235.93 139.60 Td (ef) Tj ET Q q 0 0 0 rg BT 243.51 139.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 261.00 139.60 Td (on ) Tj ET Q q 0 0 0 rg BT 273.50 139.60 Td (our ) Tj ET Q q 0 0 0 rg BT 289.33 139.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 317.38 139.60 Td (to ) Tj ET Q q 0 0 0 rg BT 327.66 139.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 344.05 139.60 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 400.42 139.60 Td (annuities. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 117.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.15 117.10 Td (e ) Tj ET Q q 0 0 0 rg BT 95.02 117.10 Td (may ) Tj ET Q q 0 0 0 rg BT 113.67 117.10 Td (be ) Tj ET Q q 0 0 0 rg BT 124.54 117.10 Td (required ) Tj ET Q q 0 0 0 rg BT 160.98 117.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.19 117.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 206.06 117.10 Td (our ) Tj ET Q q 0 0 0 rg BT 221.94 117.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 262.27 117.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 305.37 117.10 Td (against ) Tj ET Q q 0 0 0 rg BT 336.82 117.10 Td (our ) Tj ET Q q 0 0 0 rg BT 352.70 117.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 388.56 117.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 402.77 117.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 430.60 117.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.59 117.10 Td (may ) Tj ET Q q 0 0 0 rg BT 466.24 117.10 Td (face ) Tj ET Q q 0 0 0 rg BT 484.88 117.10 Td (restrictions ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 105.10 Td (on ) Tj ET Q q 0 0 0 rg BT 93.97 105.10 Td (our ) Tj ET Q q 0 0 0 rg BT 110.83 105.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 138.79 105.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.97 105.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 170.26 105.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 197.67 105.10 Td (such ) Tj ET Q q 0 0 0 rg BT 219.53 105.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 245.83 105.10 Td (which ) Tj ET Q q 0 0 0 rg BT 273.25 105.10 Td (could ) Tj ET Q q 0 0 0 rg BT 298.43 105.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 342.50 105.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 383.22 105.10 Td (af) Tj ET Q q 0 0 0 rg BT 391.37 105.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 408.76 105.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.62 105.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 455.80 105.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 493.49 105.10 Td (business, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 93.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 126.84 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.90 93.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 184.63 93.10 Td (condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.02 93.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 77.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 142.40 77.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 156.48 77.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 181.68 77.60 Td (refer ) Tj ET Q q 0 0 0 rg BT 202.42 77.60 Td (to ) Tj ET Q q 0 0 0 rg BT 212.07 77.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 237.27 77.60 Td (that ) Tj ET Q q 0 0 0 rg BT 254.14 77.60 Td (are ) Tj ET Q q 0 0 0 rg BT 268.21 77.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 315.62 77.60 Td (to ) Tj ET Q q 0 0 0 rg BT 325.27 77.60 Td (dif) Tj ET Q q 0 0 0 rg BT 336.20 77.60 Td (ferences ) Tj ET Q q 0 0 0 rg BT 371.37 77.60 Td (between ) Tj ET Q q 0 0 0 rg BT 406.56 77.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.64 77.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 457.50 77.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 497.69 77.60 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 65.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 117.73 65.60 Td (of ) Tj ET Q q 0 0 0 rg BT 128.90 65.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 163.40 65.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.57 65.60 Td (and ) Tj ET Q q 0 0 0 rg BT 206.85 65.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 246.90 65.60 Td (and ) Tj ET Q q 0 0 0 rg BT 264.18 65.60 Td (their ) Tj ET Q q 0 0 0 rg BT 285.35 65.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 328.72 65.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 343.77 65.60 Td (bases. ) Tj ET Q q 0 0 0 rg BT 370.77 65.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 409.14 65.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 424.20 65.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 450.37 65.60 Td (in ) Tj ET Q q 0 0 0 rg BT 460.98 65.60 Td (essence ) Tj ET Q q 0 0 0 rg BT 494.36 65.60 Td (represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 53.60 Td (future ) Tj ET Q q 0 0 0 rg BT 106.93 53.60 Td (savings ) Tj ET Q q 0 0 0 rg BT 138.97 53.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.35 53.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 171.95 53.60 Td (that ) Tj ET Q q 0 0 0 rg BT 188.99 53.60 Td (would ) Tj ET Q q 0 0 0 rg BT 216.04 53.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 256.96 53.60 Td (be ) Tj ET Q q 0 0 0 rg BT 268.45 53.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 287.72 53.60 Td (in ) Tj ET Q q 0 0 0 rg BT 297.54 53.60 Td (cash. ) Tj ET Q q 0 0 0 rg BT 319.71 53.60 Td (The ) Tj ET Q q 0 0 0 rg BT 337.31 53.60 Td (realization ) Tj ET Q q 0 0 0 rg BT 381.55 53.60 Td (of ) Tj ET Q q 0 0 0 rg BT 391.93 53.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.20 53.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 441.55 53.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 455.82 53.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 481.19 53.60 Td (is ) Tj ET Q q 0 0 0 rg BT 489.91 53.60 Td (dependent ) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 102.92 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.05 735.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 161.17 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 171.42 735.60 Td (suf) Tj ET Q q 0 0 0 rg BT 183.46 735.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 210.91 735.60 Td (future ) Tj ET Q q 0 0 0 rg BT 236.71 735.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 267.50 735.60 Td (income, ) Tj ET Q q 0 0 0 rg BT 301.35 735.60 Td (including ) Tj ET Q q 0 0 0 rg BT 341.04 735.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 369.60 735.60 Td (gains. ) Tj ET Q q 0 0 0 rg BT 395.13 735.60 Td (If ) Tj ET Q q 0 0 0 rg BT 403.71 735.60 Td (it ) Tj ET Q q 0 0 0 rg BT 411.18 735.60 Td (is ) Tj ET Q q 0 0 0 rg BT 419.76 735.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 466.66 735.60 Td (that ) Tj ET Q q 0 0 0 rg BT 483.57 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.71 735.60 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.39 723.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 120.90 723.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 149.73 723.60 Td (be ) Tj ET Q q 0 0 0 rg BT 161.34 723.60 Td (realized, ) Tj ET Q q 0 0 0 rg BT 197.66 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 204.27 723.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 239.75 723.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 254.14 723.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 293.53 723.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 336.24 723.60 Td (must ) Tj ET Q q 0 0 0 rg BT 357.86 723.60 Td (be ) Tj ET Q q 0 0 0 rg BT 369.48 723.60 Td (established, ) Tj ET Q q 0 0 0 rg BT 418.59 723.60 Td (with ) Tj ET Q q 0 0 0 rg BT 438.54 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 445.15 723.60 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 504.54 723.60 Td (char) Tj ET Q q 0 0 0 rg BT 521.56 723.60 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 711.60 Td (net ) Tj ET Q q 0 0 0 rg BT 106.00 711.60 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 690.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 132.22 690.60 Td (on ) Tj ET Q q 0 0 0 rg BT 145.00 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 161.10 690.60 Td (current ) Tj ET Q q 0 0 0 rg BT 192.20 690.60 Td (assessment ) Tj ET Q q 0 0 0 rg BT 239.41 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 250.52 690.60 Td (future ) Tj ET Q q 0 0 0 rg BT 277.18 690.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 308.83 690.60 Td (income, ) Tj ET Q q 0 0 0 rg BT 343.54 690.60 Td (including ) Tj ET Q q 0 0 0 rg BT 384.09 690.60 Td (available ) Tj ET Q q 0 0 0 rg BT 422.96 690.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 437.95 690.60 Td (planning ) Tj ET Q q 0 0 0 rg BT 475.73 690.60 Td (opportunities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 95.71 678.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 137.62 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 155.66 678.60 Td (it ) Tj ET Q q 0 0 0 rg BT 164.26 678.60 Td (is ) Tj ET Q q 0 0 0 rg BT 173.98 678.60 Td (more ) Tj ET Q q 0 0 0 rg BT 197.57 678.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 223.39 678.60 Td (than ) Tj ET Q q 0 0 0 rg BT 243.65 678.60 Td (not ) Tj ET Q q 0 0 0 rg BT 259.48 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 277.52 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 292.22 678.60 Td (will ) Tj ET Q q 0 0 0 rg BT 310.83 678.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 347.74 678.60 Td (suf) Tj ET Q q 0 0 0 rg BT 359.78 678.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 388.36 678.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 420.28 678.60 Td (income ) Tj ET Q q 0 0 0 rg BT 452.76 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 463.59 678.60 Td (realize ) Tj ET Q q 0 0 0 rg BT 493.27 678.60 Td (all ) Tj ET Q q 0 0 0 rg BT 506.31 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 517.69 678.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 666.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 117.64 666.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 133.20 666.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 159.86 666.60 Td (as ) Tj ET Q q 0 0 0 rg BT 171.53 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.65 666.60 Td (which ) Tj ET Q q 0 0 0 rg BT 210.42 666.60 Td (we ) Tj ET Q q 0 0 0 rg BT 225.42 666.60 Td (do ) Tj ET Q q 0 0 0 rg BT 238.76 666.60 Td (not ) Tj ET Q q 0 0 0 rg BT 254.87 666.60 Td (have ) Tj ET Q q 0 0 0 rg BT 277.09 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 284.86 666.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 325.41 666.60 Td (allowance. ) Tj ET Q q 0 0 0 rg BT 371.78 666.60 Td (If ) Tj ET Q q 0 0 0 rg BT 381.78 666.60 Td (future ) Tj ET Q q 0 0 0 rg BT 409.00 666.60 Td (events ) Tj ET Q q 0 0 0 rg BT 437.88 666.60 Td (dif) Tj ET Q q 0 0 0 rg BT 448.81 666.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 463.24 666.60 Td (from ) Tj ET Q q 0 0 0 rg BT 486.02 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 502.69 666.60 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.60 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 121.14 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.46 654.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 174.78 654.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 217.41 654.60 Td (may ) Tj ET Q q 0 0 0 rg BT 236.73 654.60 Td (need ) Tj ET Q q 0 0 0 rg BT 257.71 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 267.59 654.60 Td (be ) Tj ET Q q 0 0 0 rg BT 279.14 654.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 318.99 654.60 Td (from ) Tj ET Q q 0 0 0 rg BT 340.54 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.86 654.60 Td (current ) Tj ET Q q 0 0 0 rg BT 385.28 654.60 Td (amount, ) Tj ET Q q 0 0 0 rg BT 419.87 654.60 Td (which ) Tj ET Q q 0 0 0 rg BT 446.42 654.60 Td (could ) Tj ET Q q 0 0 0 rg BT 470.74 654.60 Td (have ) Tj ET Q q 0 0 0 rg BT 491.72 654.60 Td (a ) Tj ET Q q 0 0 0 rg BT 498.26 654.60 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 642.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 114.04 642.60 Td (ef) Tj ET Q q 0 0 0 rg BT 121.63 642.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 139.11 642.60 Td (on ) Tj ET Q q 0 0 0 rg BT 151.61 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 167.44 642.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 196.59 642.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 233.82 642.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 272.71 642.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 316.86 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 333.80 642.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 371.28 642.60 Td (condition. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 620.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.15 620.10 Td (e ) Tj ET Q q 0 0 0 rg BT 95.49 620.10 Td (may ) Tj ET Q q 0 0 0 rg BT 114.61 620.10 Td (be ) Tj ET Q q 0 0 0 rg BT 125.95 620.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 156.74 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.42 620.10 Td (an ) Tj ET Q q 0 0 0 rg BT 178.89 620.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 222.47 620.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 237.15 620.10 Td (as ) Tj ET Q q 0 0 0 rg BT 247.94 620.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.85 620.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 292.31 620.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 325.90 620.10 Td (company ) Tj ET Q q 0 0 0 rg BT 365.02 620.10 Td (on ) Tj ET Q q 0 0 0 rg BT 377.48 620.10 Td (future ) Tj ET Q q 0 0 0 rg BT 404.95 620.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 461.87 620.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 499.33 620.10 Td (holding ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 608.10 Td (company ) Tj ET Q q 0 0 0 rg BT 120.85 608.10 Td (income ) Tj ET Q q 0 0 0 rg BT 153.48 608.10 Td (if ) Tj ET Q q 0 0 0 rg BT 162.22 608.10 Td (we ) Tj ET Q q 0 0 0 rg BT 175.96 608.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 214.14 608.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 246.21 608.10 Td (income ) Tj ET Q q 0 0 0 rg BT 278.84 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.82 608.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 318.55 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.51 608.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 371.59 608.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 410.89 608.10 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 445.74 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.15 608.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 487.67 608.10 Td (exclusions ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 596.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 115.73 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.00 596.10 Td (our ) Tj ET Q q 0 0 0 rg BT 142.96 596.10 Td (life ) Tj ET Q q 0 0 0 rg BT 158.78 596.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 202.41 596.10 Td (subsidiaries\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 575.10 Td (Section541 ) Tj ET Q q 0 0 0 rg BT 154.39 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.61 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.72 575.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 201.72 575.10 Td (subjects ) Tj ET Q q 0 0 0 rg BT 235.83 575.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.17 575.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 290.15 575.10 Td (\(not ) Tj ET Q q 0 0 0 rg BT 308.16 575.10 Td (including ) Tj ET Q q 0 0 0 rg BT 347.82 575.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.16 575.10 Td (life ) Tj ET Q q 0 0 0 rg BT 369.37 575.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 409.58 575.10 Td (corporation\) ) Tj ET Q q 0 0 0 rg BT 460.90 575.10 Td (that ) Tj ET Q q 0 0 0 rg BT 477.79 575.10 Td (is ) Tj ET Q q 0 0 0 rg BT 486.35 575.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.68 575.10 Td (personal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 563.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 114.41 563.10 Td (company ) Tj ET Q q 0 0 0 rg BT 158.36 563.10 Td (\(PHC\) ) Tj ET Q q 0 0 0 rg BT 196.20 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.83 563.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.13 563.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 235.31 563.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 250.38 563.10 Td (on ) Tj ET Q q 0 0 0 rg BT 263.24 563.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 323.30 563.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 360.03 563.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 393.44 563.10 Td (company ) Tj ET Q q 0 0 0 rg BT 432.95 563.10 Td (income ) Tj ET Q q 0 0 0 rg BT 469.68 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.31 563.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 515.94 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.57 563.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 551.10 Td (corporation) Tj ET Q q 0 0 0 rg BT 129.87 551.10 Td (s ) Tj ET Q q 0 0 0 rg BT 136.87 551.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 168.31 551.10 Td (income ) Tj ET Q q 0 0 0 rg BT 200.85 551.10 Td (tax. ) Tj ET Q q 0 0 0 rg BT 217.99 551.10 Td (A) Tj ET Q q 0 0 0 rg BT 224.66 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.77 551.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 276.98 551.10 Td (\(not ) Tj ET Q q 0 0 0 rg BT 296.20 551.10 Td (including ) Tj ET Q q 0 0 0 rg BT 337.08 551.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.63 551.10 Td (life ) Tj ET Q q 0 0 0 rg BT 361.07 551.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 402.49 551.10 Td (corporation\) ) Tj ET Q q 0 0 0 rg BT 455.03 551.10 Td (is ) Tj ET Q q 0 0 0 rg BT 464.81 551.10 Td (also ) Tj ET Q q 0 0 0 rg BT 484.02 551.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 524.34 551.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 539.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 126.68 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.81 539.10 Td (be ) Tj ET Q q 0 0 0 rg BT 148.61 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.41 539.10 Td (PHC ) Tj ET Q q 0 0 0 rg BT 177.22 539.10 Td (if ) Tj ET Q q 0 0 0 rg BT 185.69 539.10 Td (\(i\)at ) Tj ET Q q 0 0 0 rg BT 207.21 539.10 Td (least ) Tj ET Q q 0 0 0 rg BT 227.89 539.10 Td (60% ) Tj ET Q q 0 0 0 rg BT 248.58 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.27 539.10 Td (its ) Tj ET Q q 0 0 0 rg BT 271.08 539.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 306.76 539.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 343.00 539.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 366.47 539.10 Td (income ) Tj ET Q q 0 0 0 rg BT 398.27 539.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 443.39 539.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 484.64 539.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 504.21 539.10 Td (by ) Tj ET Q q 0 0 0 rg BT 516.57 539.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 527.10 Td (non-consolidated ) Tj ET Q q 0 0 0 rg BT 152.08 527.10 Td (life ) Tj ET Q q 0 0 0 rg BT 167.62 527.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 208.15 527.10 Td (subsidiary\) ) Tj ET Q q 0 0 0 rg BT 254.80 527.10 Td (is ) Tj ET Q q 0 0 0 rg BT 263.68 527.10 Td (PHC ) Tj ET Q q 0 0 0 rg BT 285.35 527.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 317.54 527.10 Td (\(defined ) Tj ET Q q 0 0 0 rg BT 353.07 527.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 383.05 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.70 527.10 Td (\(ii\)more ) Tj ET Q q 0 0 0 rg BT 437.18 527.10 Td (than ) Tj ET Q q 0 0 0 rg BT 456.61 527.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 477.15 527.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.14 527.10 Td (value ) Tj ET Q q 0 0 0 rg BT 511.00 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.55 527.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 515.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 129.86 515.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 153.17 515.10 Td (is ) Tj ET Q q 0 0 0 rg BT 162.04 515.10 Td (owned, ) Tj ET Q q 0 0 0 rg BT 193.40 515.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 226.14 515.10 Td (or ) Tj ET Q q 0 0 0 rg BT 236.67 515.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 274.34 515.10 Td (, ) Tj ET Q q 0 0 0 rg BT 279.04 515.10 Td (by ) Tj ET Q q 0 0 0 rg BT 291.24 515.10 Td (five ) Tj ET Q q 0 0 0 rg BT 308.99 515.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.52 515.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 344.48 515.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 391.12 515.10 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 436.93 515.10 Td (for ) Tj ET Q q 0 0 0 rg BT 450.79 515.10 Td (this ) Tj ET Q q 0 0 0 rg BT 467.43 515.10 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 503.79 515.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 503.10 Td (or) Tj ET Q q 0 0 0 rg BT 89.15 503.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 137.63 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.02 503.10 Td (trusts\) ) Tj ET Q q 0 0 0 rg BT 182.96 503.10 Td (at ) Tj ET Q q 0 0 0 rg BT 193.12 503.10 Td (any ) Tj ET Q q 0 0 0 rg BT 210.50 503.10 Td (time ) Tj ET Q q 0 0 0 rg BT 231.22 503.10 Td (during ) Tj ET Q q 0 0 0 rg BT 260.27 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.43 503.10 Td (last ) Tj ET Q q 0 0 0 rg BT 292.26 503.10 Td (half ) Tj ET Q q 0 0 0 rg BT 310.75 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.02 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.18 503.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 369.00 503.10 Td (year) Tj ET Q q 0 0 0 rg BT 385.66 503.10 Td (. ) Tj ET Q q 0 0 0 rg BT 391.10 503.10 Td (Personal ) Tj ET Q q 0 0 0 rg BT 428.48 503.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 461.98 503.10 Td (company ) Tj ET Q q 0 0 0 rg BT 501.58 503.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 491.10 Td (\(PHC ) Tj ET Q q 0 0 0 rg BT 110.69 491.10 Td (Income\) ) Tj ET Q q 0 0 0 rg BT 150.91 491.10 Td (is ) Tj ET Q q 0 0 0 rg BT 160.05 491.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 204.17 491.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 243.85 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.65 491.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 286.56 491.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 332.91 491.10 Td (income ) Tj ET Q q 0 0 0 rg BT 364.81 491.10 Td (\(but ) Tj ET Q q 0 0 0 rg BT 383.39 491.10 Td (does ) Tj ET Q q 0 0 0 rg BT 404.19 491.10 Td (not ) Tj ET Q q 0 0 0 rg BT 419.43 491.10 Td (include ) Tj ET Q q 0 0 0 rg BT 451.33 491.10 Td (non-passive ) Tj ET Q q 0 0 0 rg BT 501.57 491.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 479.10 Td (such ) Tj ET Q q 0 0 0 rg BT 102.85 479.10 Td (as ) Tj ET Q q 0 0 0 rg BT 114.70 479.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 156.53 479.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 200.05 479.10 Td (or ) Tj ET Q q 0 0 0 rg BT 211.90 479.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 254.30 479.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 275.04 479.10 Td (by ) Tj ET Q q 0 0 0 rg BT 288.56 479.10 Td (any ) Tj ET Q q 0 0 0 rg BT 306.52 479.10 Td (non-consolidated ) Tj ET Q q 0 0 0 rg BT 378.91 479.10 Td (life ) Tj ET Q q 0 0 0 rg BT 395.75 479.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 437.59 479.10 Td (subsidiary\) ) Tj ET Q q 0 0 0 rg BT 485.55 479.10 Td (plus, ) Tj ET Q q 0 0 0 rg BT 508.24 479.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 467.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 110.70 467.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 172.34 467.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 208.72 467.10 Td (service ) Tj ET Q q 0 0 0 rg BT 239.54 467.10 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 446.10 Td (So ) Tj ET Q q 0 0 0 rg BT 118.63 446.10 Td (long ) Tj ET Q q 0 0 0 rg BT 139.47 446.10 Td (as ) Tj ET Q q 0 0 0 rg BT 150.87 446.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 198.38 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.88 446.10 Td (their ) Tj ET Q q 0 0 0 rg BT 237.27 446.10 Td (af) Tj ET Q q 0 0 0 rg BT 244.86 446.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 275.13 446.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 295.98 446.10 Td (\(directly ) Tj ET Q q 0 0 0 rg BT 332.92 446.10 Td (or ) Tj ET Q q 0 0 0 rg BT 344.31 446.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.38 446.10 Td (attribution\) ) Tj ET Q q 0 0 0 rg BT 405.43 446.10 Td (more ) Tj ET Q q 0 0 0 rg BT 429.04 446.10 Td (than ) Tj ET Q q 0 0 0 rg BT 449.33 446.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 470.72 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.57 446.10 Td (value ) Tj ET Q q 0 0 0 rg BT 506.29 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.68 446.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 434.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 130.47 434.10 Td (common ) Tj ET Q q 0 0 0 rg BT 168.26 434.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 194.67 434.10 Td (including ) Tj ET Q q 0 0 0 rg BT 235.24 434.10 Td (through ) Tj ET Q q 0 0 0 rg BT 269.15 434.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 313.61 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.74 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.76 434.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 389.23 434.10 Td (common ) Tj ET Q q 0 0 0 rg BT 427.02 434.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 450.93 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.06 434.10 Td (HRG ) Tj ET Q q 0 0 0 rg BT 485.97 434.10 Td (at ) Tj ET Q q 0 0 0 rg BT 495.99 434.10 Td (any ) Tj ET Q q 0 0 0 rg BT 513.23 434.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 422.10 Td (during ) Tj ET Q q 0 0 0 rg BT 109.03 422.10 Td (any ) Tj ET Q q 0 0 0 rg BT 125.38 422.10 Td (future ) Tj ET Q q 0 0 0 rg BT 151.18 422.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 165.32 422.10 Td (year) Tj ET Q q 0 0 0 rg BT 182.12 422.10 Td (, ) Tj ET Q q 0 0 0 rg BT 186.54 422.10 Td (it ) Tj ET Q q 0 0 0 rg BT 194.02 422.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.61 422.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 237.30 422.10 Td (that ) Tj ET Q q 0 0 0 rg BT 254.22 422.10 Td (we ) Tj ET Q q 0 0 0 rg BT 267.80 422.10 Td (will ) Tj ET Q q 0 0 0 rg BT 285.27 422.10 Td (be ) Tj ET Q q 0 0 0 rg BT 296.63 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.99 422.10 Td (PHC ) Tj ET Q q 0 0 0 rg BT 324.36 422.10 Td (if ) Tj ET Q q 0 0 0 rg BT 332.39 422.10 Td (at ) Tj ET Q q 0 0 0 rg BT 341.52 422.10 Td (least ) Tj ET Q q 0 0 0 rg BT 361.77 422.10 Td (60% ) Tj ET Q q 0 0 0 rg BT 382.02 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.26 422.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.51 422.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 442.76 422.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 478.55 422.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 501.59 422.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 410.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 115.27 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.20 410.10 Td (PHC ) Tj ET Q q 0 0 0 rg BT 148.25 410.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 180.83 410.10 Td (\(taking ) Tj ET Q q 0 0 0 rg BT 211.76 410.10 Td (into ) Tj ET Q q 0 0 0 rg BT 229.92 410.10 Td (account ) Tj ET Q q 0 0 0 rg BT 263.61 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.42 410.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 300.46 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.50 410.10 Td (exclusions ) Tj ET Q q 0 0 0 rg BT 362.31 410.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 403.24 410.10 Td (above\). ) Tj ET Q q 0 0 0 rg BT 435.55 410.10 Td (In ) Tj ET Q q 0 0 0 rg BT 446.48 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.30 410.10 Td (past, ) Tj ET Q q 0 0 0 rg BT 482.50 410.10 Td (we ) Tj ET Q q 0 0 0 rg BT 496.76 410.10 Td (have ) Tj ET Q q 0 0 0 rg BT 518.24 410.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 398.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 117.45 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.80 398.10 Td (PHC ) Tj ET Q q 0 0 0 rg BT 155.39 398.10 Td (tax. ) Tj ET Q q 0 0 0 rg BT 173.24 398.10 Td (However) Tj ET Q q 0 0 0 rg BT 209.49 398.10 Td (, ) Tj ET Q q 0 0 0 rg BT 215.12 398.10 Td (there ) Tj ET Q q 0 0 0 rg BT 238.24 398.10 Td (can ) Tj ET Q q 0 0 0 rg BT 255.25 398.10 Td (be ) Tj ET Q q 0 0 0 rg BT 267.82 398.10 Td (no ) Tj ET Q q 0 0 0 rg BT 280.96 398.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 322.96 398.10 Td (that ) Tj ET Q q 0 0 0 rg BT 341.09 398.10 Td (we ) Tj ET Q q 0 0 0 rg BT 355.88 398.10 Td (will ) Tj ET Q q 0 0 0 rg BT 374.57 398.10 Td (not ) Tj ET Q q 0 0 0 rg BT 390.48 398.10 Td (be ) Tj ET Q q 0 0 0 rg BT 403.06 398.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 434.51 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.43 398.10 Td (this ) Tj ET Q q 0 0 0 rg BT 463.01 398.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 478.36 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.27 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.62 398.10 Td (future, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 386.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 110.62 386.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.08 386.10 Td (turn, ) Tj ET Q q 0 0 0 rg BT 142.37 386.10 Td (may ) Tj ET Q q 0 0 0 rg BT 162.27 386.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 205.49 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.61 386.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 263.61 386.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 293.50 386.10 Td (our ) Tj ET Q q 0 0 0 rg BT 309.51 386.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.18 386.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 384.59 386.10 Td (results ) Tj ET Q q 0 0 0 rg BT 413.38 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.39 386.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 471.23 386.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 491.68 386.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 516.58 386.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 374.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 114.24 374.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 348.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 100.36 348.60 Td (business ) Tj ET Q q 0 0 0 rg BT 138.07 348.60 Td (model ) Tj ET Q q 0 0 0 rg BT 165.75 348.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 201.77 348.60 Td (on ) Tj ET Q q 0 0 0 rg BT 215.02 348.60 Td (the ) Tj ET Q q 0 0 0 rg BT 230.48 348.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 285.94 348.60 Td (of ) Tj ET Q q 0 0 0 rg BT 296.96 348.60 Td (various ) Tj ET Q q 0 0 0 rg BT 330.21 348.60 Td (third ) Tj ET Q q 0 0 0 rg BT 352.90 348.60 Td (parties, ) Tj ET Q q 0 0 0 rg BT 385.87 348.60 Td (including ) Tj ET Q q 0 0 0 rg BT 428.02 348.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 481.26 348.60 Td (distributors, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 336.60 Td (underwriters, ) Tj ET Q q 0 0 0 rg BT 138.79 336.60 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 178.52 336.60 Td (consultants ) Tj ET Q q 0 0 0 rg BT 228.26 336.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.32 336.60 Td (other ) Tj ET Q q 0 0 0 rg BT 270.49 336.60 Td (service ) Tj ET Q q 0 0 0 rg BT 301.31 336.60 Td (providers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.14 336.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 320.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 320.10 Td (e ) Tj ET Q q 0 0 0 rg BT 120.84 320.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 139.15 320.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 191.90 320.10 Td (on ) Tj ET Q q 0 0 0 rg BT 204.66 320.10 Td (various ) Tj ET Q q 0 0 0 rg BT 236.86 320.10 Td (third ) Tj ET Q q 0 0 0 rg BT 258.51 320.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 287.92 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.46 320.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 331.77 320.10 Td (services ) Tj ET Q q 0 0 0 rg BT 366.74 320.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.16 320.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.25 320.10 Td (business ) Tj ET Q q 0 0 0 rg BT 433.90 320.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 480.21 320.10 Td (As ) Tj ET Q q 0 0 0 rg BT 494.09 320.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 517.68 320.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 308.10 Td (results ) Tj ET Q q 0 0 0 rg BT 108.83 308.10 Td (may ) Tj ET Q q 0 0 0 rg BT 127.77 308.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.93 308.10 Td (af) Tj ET Q q 0 0 0 rg BT 146.52 308.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 172.66 308.10 Td (by ) Tj ET Q q 0 0 0 rg BT 184.38 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.32 308.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 250.56 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.61 308.10 Td (those ) Tj ET Q q 0 0 0 rg BT 283.44 308.10 Td (other ) Tj ET Q q 0 0 0 rg BT 305.71 308.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 336.59 308.10 Td (For ) Tj ET Q q 0 0 0 rg BT 352.20 308.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 390.29 308.10 Td (we ) Tj ET Q q 0 0 0 rg BT 403.68 308.10 Td (are ) Tj ET Q q 0 0 0 rg BT 417.60 308.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 460.42 308.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 482.14 308.10 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 296.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 128.75 296.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 165.37 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.78 296.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 190.30 296.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.26 296.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 243.83 296.10 Td (third ) Tj ET Q q 0 0 0 rg BT 264.35 296.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 292.64 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.05 296.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 335.89 296.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 362.52 296.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 421.92 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.99 296.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 491.28 296.10 Td (functions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.12 284.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 149.68 284.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 197.36 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.83 284.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 242.72 284.10 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 279.82 284.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 316.39 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.51 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.97 284.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 377.75 284.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 407.64 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.66 284.10 Td (our ) Tj ET Q q 0 0 0 rg BT 434.67 284.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 462.59 284.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 512.50 284.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.68 284.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 272.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 125.39 272.10 Td (are ) Tj ET Q q 0 0 0 rg BT 140.33 272.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 184.15 272.10 Td (on ) Tj ET Q q 0 0 0 rg BT 196.88 272.10 Td (various ) Tj ET Q q 0 0 0 rg BT 229.05 272.10 Td (service ) Tj ET Q q 0 0 0 rg BT 260.10 272.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 300.60 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.77 272.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.50 272.10 Td (various ) Tj ET Q q 0 0 0 rg BT 362.67 272.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 418.45 272.10 Td (some ) Tj ET Q q 0 0 0 rg BT 442.29 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.35 272.10 Td (which ) Tj ET Q q 0 0 0 rg BT 480.52 272.10 Td (are ) Tj ET Q q 0 0 0 rg BT 495.46 272.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 260.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.83 260.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 138.76 260.10 Td (by ) Tj ET Q q 0 0 0 rg BT 151.26 260.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 180.96 260.10 Td (key ) Tj ET Q q 0 0 0 rg BT 197.90 260.10 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 247.62 260.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 282.32 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.26 260.10 Td (other ) Tj ET Q q 0 0 0 rg BT 322.31 260.10 Td (parties. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 239.10 Td (Many ) Tj ET Q q 0 0 0 rg BT 130.17 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.35 239.10 Td (our ) Tj ET Q q 0 0 0 rg BT 155.52 239.10 Td (products ) Tj ET Q q 0 0 0 rg BT 191.81 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.09 239.10 Td (services ) Tj ET Q q 0 0 0 rg BT 242.14 239.10 Td (are ) Tj ET Q q 0 0 0 rg BT 256.19 239.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 292.47 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.76 239.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.81 239.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 341.32 239.10 Td (through ) Tj ET Q q 0 0 0 rg BT 374.28 239.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 418.88 239.10 Td (intermediaries. ) Tj ET Q q 0 0 0 rg BT 480.43 239.10 Td (In ) Tj ET Q q 0 0 0 rg BT 490.60 239.10 Td (particular) Tj ET Q q 0 0 0 rg BT 528.51 239.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 227.10 Td (our ) Tj ET Q q 0 0 0 rg BT 97.67 227.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 139.33 227.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 184.90 227.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.45 227.10 Td (reliant ) Tj ET Q q 0 0 0 rg BT 229.33 227.10 Td (on ) Tj ET Q q 0 0 0 rg BT 242.68 227.10 Td (these ) Tj ET Q q 0 0 0 rg BT 266.57 227.10 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 327.11 227.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.23 227.10 Td (describe ) Tj ET Q q 0 0 0 rg BT 374.89 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.67 227.10 Td (explain ) Tj ET Q q 0 0 0 rg BT 425.45 227.10 Td (their ) Tj ET Q q 0 0 0 rg BT 447.12 227.10 Td (products ) Tj ET Q q 0 0 0 rg BT 484.90 227.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.02 227.10 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 215.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 125.83 215.10 Td (The ) Tj ET Q q 0 0 0 rg BT 143.30 215.10 Td (intentional ) Tj ET Q q 0 0 0 rg BT 187.99 215.10 Td (or ) Tj ET Q q 0 0 0 rg BT 198.24 215.10 Td (unintentional ) Tj ET Q q 0 0 0 rg BT 252.94 215.10 Td (misrepresentation ) Tj ET Q q 0 0 0 rg BT 325.95 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.20 215.10 Td (our ) Tj ET Q q 0 0 0 rg BT 351.45 215.10 Td (products ) Tj ET Q q 0 0 0 rg BT 387.81 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.18 215.10 Td (services ) Tj ET Q q 0 0 0 rg BT 438.31 215.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.01 215.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 494.36 215.10 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 203.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.41 203.10 Td (other ) Tj ET Q q 0 0 0 rg BT 114.04 203.10 Td (external ) Tj ET Q q 0 0 0 rg BT 148.32 203.10 Td (communications, ) Tj ET Q q 0 0 0 rg BT 219.00 203.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.42 203.10 Td (inappropriate ) Tj ET Q q 0 0 0 rg BT 284.81 203.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 322.99 203.10 Td (by ) Tj ET Q q 0 0 0 rg BT 335.07 203.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.48 203.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 391.44 203.10 Td (or ) Tj ET Q q 0 0 0 rg BT 401.85 203.10 Td (an ) Tj ET Q q 0 0 0 rg BT 413.37 203.10 Td (intermediary) Tj ET Q q 0 0 0 rg BT 463.81 203.10 Td (, ) Tj ET Q q 0 0 0 rg BT 468.39 203.10 Td (could ) Tj ET Q q 0 0 0 rg BT 492.69 203.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 191.10 Td (af) Tj ET Q q 0 0 0 rg BT 88.59 191.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 106.07 191.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.90 191.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 164.95 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.88 191.10 Td (business ) Tj ET Q q 0 0 0 rg BT 218.28 191.10 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 261.04 191.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.87 191.10 Td (well ) Tj ET Q q 0 0 0 rg BT 291.59 191.10 Td (as ) Tj ET Q q 0 0 0 rg BT 302.42 191.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 321.58 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.85 191.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 369.34 191.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 412.94 191.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 443.76 191.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.59 191.10 Td (litigation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 170.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.39 170.10 Td (third ) Tj ET Q q 0 0 0 rg BT 143.12 170.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 171.61 170.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 193.45 170.10 Td (which ) Tj ET Q q 0 0 0 rg BT 219.73 170.10 Td (we ) Tj ET Q q 0 0 0 rg BT 233.23 170.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 263.95 170.10 Td (may ) Tj ET Q q 0 0 0 rg BT 283.01 170.10 Td (default ) Tj ET Q q 0 0 0 rg BT 312.61 170.10 Td (on ) Tj ET Q q 0 0 0 rg BT 324.45 170.10 Td (their ) Tj ET Q q 0 0 0 rg BT 344.62 170.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 390.90 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.52 170.10 Td (us ) Tj ET Q q 0 0 0 rg BT 411.25 170.10 Td (due ) Tj ET Q q 0 0 0 rg BT 427.53 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.15 170.10 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 481.49 170.10 Td (, ) Tj ET Q q 0 0 0 rg BT 485.83 170.10 Td (insolvency) Tj ET Q q 0 0 0 rg BT 528.51 170.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 158.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 100.15 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.98 158.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 144.22 158.10 Td (, ) Tj ET Q q 0 0 0 rg BT 149.22 158.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 182.25 158.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 223.62 158.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 270.29 158.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 317.77 158.10 Td (failure, ) Tj ET Q q 0 0 0 rg BT 348.86 158.10 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 374.95 158.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 393.01 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.84 158.10 Td (key ) Tj ET Q q 0 0 0 rg BT 420.78 158.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 464.65 158.10 Td (or ) Tj ET Q q 0 0 0 rg BT 475.48 158.10 Td (other ) Tj ET Q q 0 0 0 rg BT 498.52 158.10 Td (reasons. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 103.01 146.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 136.68 146.10 Td (could ) Tj ET Q q 0 0 0 rg BT 160.91 146.10 Td (have ) Tj ET Q q 0 0 0 rg BT 181.80 146.10 Td (a ) Tj ET Q q 0 0 0 rg BT 188.25 146.10 Td (material ) Tj ET Q q 0 0 0 rg BT 223.03 146.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 255.58 146.10 Td (ef) Tj ET Q q 0 0 0 rg BT 263.16 146.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 280.16 146.10 Td (on ) Tj ET Q q 0 0 0 rg BT 292.18 146.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.52 146.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.51 146.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 384.30 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.75 146.10 Td (results ) Tj ET Q q 0 0 0 rg BT 428.87 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.22 146.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 485.38 146.10 Td (In ) Tj ET Q q 0 0 0 rg BT 495.73 146.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 134.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 111.03 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.18 134.10 Td (these ) Tj ET Q q 0 0 0 rg BT 145.56 134.10 Td (other ) Tj ET Q q 0 0 0 rg BT 168.93 134.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 198.41 134.10 Td (may ) Tj ET Q q 0 0 0 rg BT 218.46 134.10 Td (act, ) Tj ET Q q 0 0 0 rg BT 235.44 134.10 Td (or ) Tj ET Q q 0 0 0 rg BT 246.59 134.10 Td (be ) Tj ET Q q 0 0 0 rg BT 258.86 134.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 292.78 134.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.38 134.10 Td (act, ) Tj ET Q q 0 0 0 rg BT 320.36 134.10 Td (on ) Tj ET Q q 0 0 0 rg BT 333.19 134.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 361.00 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.16 134.10 Td (us ) Tj ET Q q 0 0 0 rg BT 383.88 134.10 Td (or ) Tj ET Q q 0 0 0 rg BT 395.03 134.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 434.50 134.10 Td (us ) Tj ET Q q 0 0 0 rg BT 446.22 134.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.83 134.10 Td (various ) Tj ET Q q 0 0 0 rg BT 489.09 134.10 Td (capacities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 122.10 Td (Consequently) Tj ET Q q 0 0 0 rg BT 135.35 122.10 Td (, ) Tj ET Q q 0 0 0 rg BT 141.21 122.10 Td (we ) Tj ET Q q 0 0 0 rg BT 156.23 122.10 Td (may ) Tj ET Q q 0 0 0 rg BT 176.81 122.10 Td (be ) Tj ET Q q 0 0 0 rg BT 189.60 122.10 Td (held ) Tj ET Q q 0 0 0 rg BT 210.18 122.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 259.09 122.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.11 122.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 321.92 122.10 Td (that ) Tj ET Q q 0 0 0 rg BT 340.27 122.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 362.51 122.10 Td (from ) Tj ET Q q 0 0 0 rg BT 385.31 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.89 122.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 419.79 122.10 Td (or ) Tj ET Q q 0 0 0 rg BT 431.48 122.10 Td (omissions ) Tj ET Q q 0 0 0 rg BT 474.85 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.55 122.10 Td (these ) Tj ET Q q 0 0 0 rg BT 510.45 122.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 110.10 Td (parties. ) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (38) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 101.70 735.75 Td (business ) Tj ET Q q 0 0 0 rg BT 140.75 735.75 Td (could ) Tj ET Q q 0 0 0 rg BT 167.56 735.75 Td (be ) Tj ET Q q 0 0 0 rg BT 181.02 735.75 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 231.17 735.75 Td (or ) Tj ET Q q 0 0 0 rg BT 244.09 735.75 Td (compromised ) Tj ET Q q 0 0 0 rg BT 303.12 735.75 Td (if ) Tj ET Q q 0 0 0 rg BT 313.25 735.75 Td (we ) Tj ET Q q 0 0 0 rg BT 328.39 735.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 376.84 735.75 Td (dif) Tj ET Q q 0 0 0 rg BT 387.77 735.75 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 424.58 735.75 Td (arising ) Tj ET Q q 0 0 0 rg BT 457.51 735.75 Td (from ) Tj ET Q q 0 0 0 rg BT 481.54 735.75 Td (outsourcing ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 723.75 Td (relationships.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 702.75 Td (In ) Tj ET Q q 0 0 0 rg BT 116.17 702.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 151.78 702.75 Td (to ) Tj ET Q q 0 0 0 rg BT 162.40 702.75 Td (services ) Tj ET Q q 0 0 0 rg BT 197.45 702.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 235.83 702.75 Td (by ) Tj ET Q q 0 0 0 rg BT 248.67 702.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 294.27 702.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 316.55 702.75 Td (managers ) Tj ET Q q 0 0 0 rg BT 357.71 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 374.99 702.75 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 412.24 702.75 Td (consultants, ) Tj ET Q q 0 0 0 rg BT 462.58 702.75 Td (we ) Tj ET Q q 0 0 0 rg BT 477.08 702.75 Td (outsource ) Tj ET Q q 0 0 0 rg BT 518.79 702.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 690.75 Td (following ) Tj ET Q q 0 0 0 rg BT 122.02 690.75 Td (functions ) Tj ET Q q 0 0 0 rg BT 161.36 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 171.27 690.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 216.17 690.75 Td (service ) Tj ET Q q 0 0 0 rg BT 246.61 690.75 Td (providers, ) Tj ET Q q 0 0 0 rg BT 289.01 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 305.58 690.75 Td (expect ) Tj ET Q q 0 0 0 rg BT 333.80 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 343.71 690.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 380.28 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 390.19 690.75 Td (do ) Tj ET Q q 0 0 0 rg BT 402.32 690.75 Td (so ) Tj ET Q q 0 0 0 rg BT 413.34 690.75 Td (in ) Tj ET Q q 0 0 0 rg BT 423.25 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 437.59 690.75 Td (future: ) Tj ET Q q 0 0 0 rg BT 466.38 690.75 Td (\(i\)new ) Tj ET Q q 0 0 0 rg BT 497.11 690.75 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.75 Td (administration, ) Tj ET Q q 0 0 0 rg BT 144.44 678.75 Td (\(ii\)hosting ) Tj ET Q q 0 0 0 rg BT 191.78 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 203.29 678.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.45 678.75 Td (systems, ) Tj ET Q q 0 0 0 rg BT 278.79 678.75 Td (\(iii\)servicing ) Tj ET Q q 0 0 0 rg BT 336.12 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 347.62 678.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 382.46 678.75 Td (policies, ) Tj ET Q q 0 0 0 rg BT 419.24 678.75 Td (\(iv\)information ) Tj ET Q q 0 0 0 rg BT 486.57 678.75 Td (technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 666.75 Td (development ) Tj ET Q q 0 0 0 rg BT 134.72 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 151.24 666.75 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 206.34 666.75 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 220.07 666.75 Td (call ) Tj ET Q q 0 0 0 rg BT 236.58 666.75 Td (centers ) Tj ET Q q 0 0 0 rg BT 266.97 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 283.48 666.75 Td (\(vi\)underwriting ) Tj ET Q q 0 0 0 rg BT 354.15 666.75 Td (administration ) Tj ET Q q 0 0 0 rg BT 413.99 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 424.40 666.75 Td (life ) Tj ET Q q 0 0 0 rg BT 439.80 666.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 480.19 666.75 Td (applications. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.75 Td (If ) Tj ET Q q 0 0 0 rg BT 90.18 654.75 Td (we ) Tj ET Q q 0 0 0 rg BT 104.36 654.75 Td (do ) Tj ET Q q 0 0 0 rg BT 116.88 654.75 Td (not ) Tj ET Q q 0 0 0 rg BT 132.18 654.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 169.69 654.75 Td (an ) Tj ET Q q 0 0 0 rg BT 181.64 654.75 Td (ef) Tj ET Q q 0 0 0 rg BT 189.23 654.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 218.95 654.75 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 268.69 654.75 Td (strategy ) Tj ET Q q 0 0 0 rg BT 302.87 654.75 Td (or ) Tj ET Q q 0 0 0 rg BT 313.71 654.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 359.00 654.75 Td (providers ) Tj ET Q q 0 0 0 rg BT 399.29 654.75 Td (do ) Tj ET Q q 0 0 0 rg BT 411.81 654.75 Td (not ) Tj ET Q q 0 0 0 rg BT 427.10 654.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 461.83 654.75 Td (as ) Tj ET Q q 0 0 0 rg BT 472.68 654.75 Td (contracted, ) Tj ET Q q 0 0 0 rg BT 519.34 654.75 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 642.75 Td (may ) Tj ET Q q 0 0 0 rg BT 100.76 642.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 146.60 642.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 194.12 642.75 Td (dif) Tj ET Q q 0 0 0 rg BT 205.04 642.75 Td (ficulties, ) Tj ET Q q 0 0 0 rg BT 242.29 642.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 282.59 642.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 305.13 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 322.10 642.75 Td (a ) Tj ET Q q 0 0 0 rg BT 329.08 642.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 347.18 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 358.05 642.75 Td (business ) Tj ET Q q 0 0 0 rg BT 394.48 642.75 Td (that ) Tj ET Q q 0 0 0 rg BT 412.02 642.75 Td (could ) Tj ET Q q 0 0 0 rg BT 436.77 642.75 Td (have ) Tj ET Q q 0 0 0 rg BT 458.19 642.75 Td (a ) Tj ET Q q 0 0 0 rg BT 465.17 642.75 Td (material ) Tj ET Q q 0 0 0 rg BT 500.46 642.75 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 630.75 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 630.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 105.81 630.75 Td (on ) Tj ET Q q 0 0 0 rg BT 118.05 630.75 Td (our ) Tj ET Q q 0 0 0 rg BT 133.62 630.75 Td (results ) Tj ET Q q 0 0 0 rg BT 161.97 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 172.54 630.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 218.94 630.75 Td (In ) Tj ET Q q 0 0 0 rg BT 229.51 630.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 267.02 630.75 Td (our ) Tj ET Q q 0 0 0 rg BT 282.59 630.75 Td (reliance ) Tj ET Q q 0 0 0 rg BT 316.47 630.75 Td (on ) Tj ET Q q 0 0 0 rg BT 328.71 630.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 373.72 630.75 Td (service ) Tj ET Q q 0 0 0 rg BT 404.27 630.75 Td (providers ) Tj ET Q q 0 0 0 rg BT 444.28 630.75 Td (that ) Tj ET Q q 0 0 0 rg BT 461.52 630.75 Td (we ) Tj ET Q q 0 0 0 rg BT 475.42 630.75 Td (do ) Tj ET Q q 0 0 0 rg BT 487.66 630.75 Td (not ) Tj ET Q q 0 0 0 rg BT 502.68 630.75 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.75 Td (does ) Tj ET Q q 0 0 0 rg BT 101.68 618.75 Td (not ) Tj ET Q q 0 0 0 rg BT 116.81 618.75 Td (relieve ) Tj ET Q q 0 0 0 rg BT 146.36 618.75 Td (us ) Tj ET Q q 0 0 0 rg BT 157.60 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 168.28 618.75 Td (our ) Tj ET Q q 0 0 0 rg BT 183.96 618.75 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 246.86 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 263.65 618.75 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 320.19 618.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 339.76 618.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 368.20 618.75 Td (or ) Tj ET Q q 0 0 0 rg BT 378.88 618.75 Td (negligence ) Tj ET Q q 0 0 0 rg BT 424.54 618.75 Td (by ) Tj ET Q q 0 0 0 rg BT 436.89 618.75 Td (such ) Tj ET Q q 0 0 0 rg BT 457.57 618.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 502.69 618.75 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 606.75 Td (providers ) Tj ET Q q 0 0 0 rg BT 121.59 606.75 Td (in ) Tj ET Q q 0 0 0 rg BT 132.18 606.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 168.31 606.75 Td (out ) Tj ET Q q 0 0 0 rg BT 183.91 606.75 Td (their ) Tj ET Q q 0 0 0 rg BT 205.05 606.75 Td (contractual ) Tj ET Q q 0 0 0 rg BT 252.29 606.75 Td (duties ) Tj ET Q q 0 0 0 rg BT 278.99 606.75 Td (may ) Tj ET Q q 0 0 0 rg BT 299.03 606.75 Td (result ) Tj ET Q q 0 0 0 rg BT 324.06 606.75 Td (in ) Tj ET Q q 0 0 0 rg BT 334.66 606.75 Td (us ) Tj ET Q q 0 0 0 rg BT 346.37 606.75 Td (becoming ) Tj ET Q q 0 0 0 rg BT 388.62 606.75 Td (subjected ) Tj ET Q q 0 0 0 rg BT 429.20 606.75 Td (to ) Tj ET Q q 0 0 0 rg BT 439.79 606.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 473.72 606.75 Td (to ) Tj ET Q q 0 0 0 rg BT 484.32 606.75 Td (parties ) Tj ET Q q 0 0 0 rg BT 513.79 606.75 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 594.75 Td (are ) Tj ET Q q 0 0 0 rg BT 96.46 594.75 Td (harmed ) Tj ET Q q 0 0 0 rg BT 129.70 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 147.39 594.75 Td (ensuing ) Tj ET Q q 0 0 0 rg BT 181.75 594.75 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 222.90 594.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 243.37 594.75 Td (litigation ) Tj ET Q q 0 0 0 rg BT 282.73 594.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 316.53 594.75 Td (to ) Tj ET Q q 0 0 0 rg BT 327.56 594.75 Td (such ) Tj ET Q q 0 0 0 rg BT 349.14 594.75 Td (matters ) Tj ET Q q 0 0 0 rg BT 381.83 594.75 Td (could ) Tj ET Q q 0 0 0 rg BT 407.30 594.75 Td (be ) Tj ET Q q 0 0 0 rg BT 419.99 594.75 Td (costly) Tj ET Q q 0 0 0 rg BT 443.23 594.75 Td (, ) Tj ET Q q 0 0 0 rg BT 448.98 594.75 Td (expensive ) Tj ET Q q 0 0 0 rg BT 492.22 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 509.91 594.75 Td (time-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 582.75 Td (consuming, ) Tj ET Q q 0 0 0 rg BT 129.89 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 146.83 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 161.54 582.75 Td (outcome ) Tj ET Q q 0 0 0 rg BT 198.48 582.75 Td (of ) Tj ET Q q 0 0 0 rg BT 209.31 582.75 Td (any ) Tj ET Q q 0 0 0 rg BT 226.24 582.75 Td (such ) Tj ET Q q 0 0 0 rg BT 247.07 582.75 Td (litigation ) Tj ET Q q 0 0 0 rg BT 285.68 582.75 Td (may ) Tj ET Q q 0 0 0 rg BT 305.40 582.75 Td (be ) Tj ET Q q 0 0 0 rg BT 317.34 582.75 Td (uncertain.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 561.75 Td (Moreover) Tj ET Q q 0 0 0 rg BT 144.03 561.75 Td (, ) Tj ET Q q 0 0 0 rg BT 149.31 561.75 Td (any ) Tj ET Q q 0 0 0 rg BT 166.54 561.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 199.86 561.75 Td (publicity ) Tj ET Q q 0 0 0 rg BT 238.20 561.75 Td (arising ) Tj ET Q q 0 0 0 rg BT 268.20 561.75 Td (from ) Tj ET Q q 0 0 0 rg BT 290.42 561.75 Td (such ) Tj ET Q q 0 0 0 rg BT 311.54 561.75 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 352.93 561.75 Td (even ) Tj ET Q q 0 0 0 rg BT 374.60 561.75 Td (if ) Tj ET Q q 0 0 0 rg BT 383.49 561.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.49 561.75 Td (litigation ) Tj ET Q q 0 0 0 rg BT 437.39 561.75 Td (is ) Tj ET Q q 0 0 0 rg BT 446.84 561.75 Td (not ) Tj ET Q q 0 0 0 rg BT 462.41 561.75 Td (successful, ) Tj ET Q q 0 0 0 rg BT 508.79 561.75 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 549.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 121.82 549.75 Td (af) Tj ET Q q 0 0 0 rg BT 129.40 549.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 146.89 549.75 Td (our ) Tj ET Q q 0 0 0 rg BT 162.72 549.75 Td (reputation ) Tj ET Q q 0 0 0 rg BT 205.76 549.75 Td (and ) Tj ET Q q 0 0 0 rg BT 222.70 549.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 244.64 549.75 Td (of ) Tj ET Q q 0 0 0 rg BT 255.47 549.75 Td (our ) Tj ET Q q 0 0 0 rg BT 271.30 549.75 Td (products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 524.25 Td (The ) Tj ET Q q 0 0 0 rg BT 99.50 524.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 117.46 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.19 524.25 Td (key ) Tj ET Q q 0 0 0 rg BT 144.46 524.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 187.42 524.25 Td (could ) Tj ET Q q 0 0 0 rg BT 212.60 524.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 256.64 524.25 Td (af) Tj ET Q q 0 0 0 rg BT 264.79 524.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 282.17 524.25 Td (our ) Tj ET Q q 0 0 0 rg BT 299.02 524.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 338.65 524.25 Td (results ) Tj ET Q q 0 0 0 rg BT 368.27 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.23 524.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 415.86 524.25 Td (our ) Tj ET Q q 0 0 0 rg BT 432.71 524.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 460.65 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.83 524.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 516.55 524.25 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 512.25 Td (business ) Tj ET Q q 0 0 0 rg BT 118.51 512.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 150.36 512.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.86 512.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 495.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.06 495.75 Td (success ) Tj ET Q q 0 0 0 rg BT 155.57 495.75 Td (depends ) Tj ET Q q 0 0 0 rg BT 190.85 495.75 Td (in ) Tj ET Q q 0 0 0 rg BT 201.14 495.75 Td (lar) Tj ET Q q 0 0 0 rg BT 211.50 495.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 223.45 495.75 Td (part ) Tj ET Q q 0 0 0 rg BT 241.51 495.75 Td (on ) Tj ET Q q 0 0 0 rg BT 254.03 495.75 Td (our ) Tj ET Q q 0 0 0 rg BT 269.87 495.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 297.93 495.75 Td (to ) Tj ET Q q 0 0 0 rg BT 308.22 495.75 Td (attract ) Tj ET Q q 0 0 0 rg BT 335.72 495.75 Td (and ) Tj ET Q q 0 0 0 rg BT 352.67 495.75 Td (retain ) Tj ET Q q 0 0 0 rg BT 377.94 495.75 Td (key ) Tj ET Q q 0 0 0 rg BT 394.89 495.75 Td (people. ) Tj ET Q q 0 0 0 rg BT 426.56 495.75 Td (Intense ) Tj ET Q q 0 0 0 rg BT 457.95 495.75 Td (competition ) Tj ET Q q 0 0 0 rg BT 508.23 495.75 Td (exists ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 483.75 Td (for ) Tj ET Q q 0 0 0 rg BT 95.70 483.75 Td (key ) Tj ET Q q 0 0 0 rg BT 113.17 483.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 158.97 483.75 Td (with ) Tj ET Q q 0 0 0 rg BT 179.79 483.75 Td (demonstrated ) Tj ET Q q 0 0 0 rg BT 236.70 483.75 Td (ability) Tj ET Q q 0 0 0 rg BT 261.60 483.75 Td (, ) Tj ET Q q 0 0 0 rg BT 267.14 483.75 Td (and ) Tj ET Q q 0 0 0 rg BT 284.61 483.75 Td (we ) Tj ET Q q 0 0 0 rg BT 299.31 483.75 Td (may ) Tj ET Q q 0 0 0 rg BT 319.56 483.75 Td (be ) Tj ET Q q 0 0 0 rg BT 332.04 483.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 361.73 483.75 Td (to ) Tj ET Q q 0 0 0 rg BT 372.55 483.75 Td (hire ) Tj ET Q q 0 0 0 rg BT 391.13 483.75 Td (or ) Tj ET Q q 0 0 0 rg BT 402.50 483.75 Td (retain ) Tj ET Q q 0 0 0 rg BT 428.30 483.75 Td (such ) Tj ET Q q 0 0 0 rg BT 449.67 483.75 Td (employees. ) Tj ET Q q 0 0 0 rg BT 497.97 483.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 516.56 483.75 Td (key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 471.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 127.48 471.75 Td (include ) Tj ET Q q 0 0 0 rg BT 160.64 471.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 208.24 471.75 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 267.23 471.75 Td (such ) Tj ET Q q 0 0 0 rg BT 289.28 471.75 Td (as ) Tj ET Q q 0 0 0 rg BT 301.33 471.75 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 340.05 471.75 Td (managers, ) Tj ET Q q 0 0 0 rg BT 384.58 471.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 407.74 471.75 Td (and ) Tj ET Q q 0 0 0 rg BT 425.90 471.75 Td (distribution ) Tj ET Q q 0 0 0 rg BT 475.74 471.75 Td (professionals, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 459.75 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 118.48 459.75 Td (and ) Tj ET Q q 0 0 0 rg BT 135.98 459.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 168.47 459.75 Td (professionals ) Tj ET Q q 0 0 0 rg BT 224.30 459.75 Td (and ) Tj ET Q q 0 0 0 rg BT 241.80 459.75 Td (information ) Tj ET Q q 0 0 0 rg BT 292.07 459.75 Td (technology ) Tj ET Q q 0 0 0 rg BT 339.56 459.75 Td (professionals. ) Tj ET Q q 0 0 0 rg BT 397.67 459.75 Td (While ) Tj ET Q q 0 0 0 rg BT 425.17 459.75 Td (we ) Tj ET Q q 0 0 0 rg BT 439.89 459.75 Td (do ) Tj ET Q q 0 0 0 rg BT 452.95 459.75 Td (not ) Tj ET Q q 0 0 0 rg BT 468.79 459.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 500.73 459.75 Td (that ) Tj ET Q q 0 0 0 rg BT 518.78 459.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 447.75 Td (departure ) Tj ET Q q 0 0 0 rg BT 120.77 447.75 Td (of ) Tj ET Q q 0 0 0 rg BT 131.12 447.75 Td (any ) Tj ET Q q 0 0 0 rg BT 147.58 447.75 Td (particular ) Tj ET Q q 0 0 0 rg BT 187.91 447.75 Td (individual ) Tj ET Q q 0 0 0 rg BT 230.48 447.75 Td (would ) Tj ET Q q 0 0 0 rg BT 257.50 447.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 281.73 447.75 Td (a ) Tj ET Q q 0 0 0 rg BT 288.18 447.75 Td (material ) Tj ET Q q 0 0 0 rg BT 322.96 447.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 355.52 447.75 Td (ef) Tj ET Q q 0 0 0 rg BT 363.10 447.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 380.11 447.75 Td (on ) Tj ET Q q 0 0 0 rg BT 392.13 447.75 Td (our ) Tj ET Q q 0 0 0 rg BT 407.48 447.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 453.65 447.75 Td (the ) Tj ET Q q 0 0 0 rg BT 467.89 447.75 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 515.44 447.75 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 435.75 Td (of ) Tj ET Q q 0 0 0 rg BT 92.17 435.75 Td (several ) Tj ET Q q 0 0 0 rg BT 123.33 435.75 Td (of ) Tj ET Q q 0 0 0 rg BT 134.50 435.75 Td (our ) Tj ET Q q 0 0 0 rg BT 150.67 435.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 177.95 435.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 234.38 435.75 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 272.21 435.75 Td (managers ) Tj ET Q q 0 0 0 rg BT 313.37 435.75 Td (or ) Tj ET Q q 0 0 0 rg BT 324.54 435.75 Td (other ) Tj ET Q q 0 0 0 rg BT 347.93 435.75 Td (key ) Tj ET Q q 0 0 0 rg BT 365.21 435.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 410.81 435.75 Td (could ) Tj ET Q q 0 0 0 rg BT 435.87 435.75 Td (have ) Tj ET Q q 0 0 0 rg BT 457.59 435.75 Td (a ) Tj ET Q q 0 0 0 rg BT 464.87 435.75 Td (material ) Tj ET Q q 0 0 0 rg BT 500.47 435.75 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 423.75 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 423.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 107.01 423.75 Td (on ) Tj ET Q q 0 0 0 rg BT 120.45 423.75 Td (our ) Tj ET Q q 0 0 0 rg BT 137.21 423.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 182.30 423.75 Td (due ) Tj ET Q q 0 0 0 rg BT 200.18 423.75 Td (to ) Tj ET Q q 0 0 0 rg BT 211.39 423.75 Td (the ) Tj ET Q q 0 0 0 rg BT 227.05 423.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 246.05 423.75 Td (of ) Tj ET Q q 0 0 0 rg BT 257.81 423.75 Td (their ) Tj ET Q q 0 0 0 rg BT 279.57 423.75 Td (skills, ) Tj ET Q q 0 0 0 rg BT 306.63 423.75 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 353.94 423.75 Td (of ) Tj ET Q q 0 0 0 rg BT 365.71 423.75 Td (our ) Tj ET Q q 0 0 0 rg BT 382.48 423.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 422.30 423.75 Td (and ) Tj ET Q q 0 0 0 rg BT 440.18 423.75 Td (their ) Tj ET Q q 0 0 0 rg BT 461.94 423.75 Td (years ) Tj ET Q q 0 0 0 rg BT 486.48 423.75 Td (of ) Tj ET Q q 0 0 0 rg BT 498.24 423.75 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 411.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 127.00 411.75 Td (as ) Tj ET Q q 0 0 0 rg BT 138.03 411.75 Td (well ) Tj ET Q q 0 0 0 rg BT 157.95 411.75 Td (as ) Tj ET Q q 0 0 0 rg BT 168.98 411.75 Td (the ) Tj ET Q q 0 0 0 rg BT 183.90 411.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 221.59 411.75 Td (dif) Tj ET Q q 0 0 0 rg BT 232.51 411.75 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 261.32 411.75 Td (of ) Tj ET Q q 0 0 0 rg BT 272.35 411.75 Td (promptly ) Tj ET Q q 0 0 0 rg BT 311.71 411.75 Td (finding ) Tj ET Q q 0 0 0 rg BT 343.30 411.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 381.54 411.75 Td (replacement ) Tj ET Q q 0 0 0 rg BT 433.10 411.75 Td (employees. ) Tj ET Q q 0 0 0 rg BT 480.87 411.75 Td (W) Tj ET Q q 0 0 0 rg BT 489.51 411.75 Td (e ) Tj ET Q q 0 0 0 rg BT 496.64 411.75 Td (also ) Tj ET Q q 0 0 0 rg BT 515.45 411.75 Td (rely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 399.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 103.71 399.75 Td (the ) Tj ET Q q 0 0 0 rg BT 118.65 399.75 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 165.24 399.75 Td (and ) Tj ET Q q 0 0 0 rg BT 182.39 399.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 228.41 399.75 Td (of ) Tj ET Q q 0 0 0 rg BT 239.45 399.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 284.93 399.75 Td (involved ) Tj ET Q q 0 0 0 rg BT 322.64 399.75 Td (in ) Tj ET Q q 0 0 0 rg BT 333.13 399.75 Td (functions ) Tj ET Q q 0 0 0 rg BT 373.07 399.75 Td (that ) Tj ET Q q 0 0 0 rg BT 390.78 399.75 Td (require ) Tj ET Q q 0 0 0 rg BT 421.81 399.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 460.61 399.75 Td (expertise ) Tj ET Q q 0 0 0 rg BT 499.42 399.75 Td (in ) Tj ET Q q 0 0 0 rg BT 509.91 399.75 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 387.75 Td (to ) Tj ET Q q 0 0 0 rg BT 91.14 387.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 124.05 387.75 Td (for ) Tj ET Q q 0 0 0 rg BT 138.07 387.75 Td (sound ) Tj ET Q q 0 0 0 rg BT 164.33 387.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 211.67 387.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 246.25 387.75 Td (for ) Tj ET Q q 0 0 0 rg BT 260.27 387.75 Td (our ) Tj ET Q q 0 0 0 rg BT 275.96 387.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 306.09 387.75 Td (enterprise, ) Tj ET Q q 0 0 0 rg BT 350.38 387.75 Td (including ) Tj ET Q q 0 0 0 rg BT 390.51 387.75 Td (the ) Tj ET Q q 0 0 0 rg BT 405.09 387.75 Td (accurate ) Tj ET Q q 0 0 0 rg BT 440.75 387.75 Td (and ) Tj ET Q q 0 0 0 rg BT 457.55 387.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 485.47 387.75 Td (preparation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 375.75 Td (of ) Tj ET Q q 0 0 0 rg BT 91.34 375.75 Td (required ) Tj ET Q q 0 0 0 rg BT 126.67 375.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 169.78 375.75 Td (filings ) Tj ET Q q 0 0 0 rg BT 197.35 375.75 Td (and ) Tj ET Q q 0 0 0 rg BT 213.81 375.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 233.60 375.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 260.46 375.75 Td ( ) Tj ET Q q 0 0 0 rg BT 262.47 375.75 Td (and ) Tj ET Q q 0 0 0 rg BT 278.92 375.75 Td (statutory ) Tj ET Q q 0 0 0 rg BT 315.93 375.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 352.93 375.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 397.15 375.75 Td (and ) Tj ET Q q 0 0 0 rg BT 413.61 375.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 453.39 375.75 Td (of ) Tj ET Q q 0 0 0 rg BT 463.73 375.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 496.29 375.75 Td (controls. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 363.75 Td (A) Tj ET Q q 0 0 0 rg BT 87.67 363.75 Td ( ) Tj ET Q q 0 0 0 rg BT 88.95 363.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 105.80 363.75 Td (of ) Tj ET Q q 0 0 0 rg BT 115.41 363.75 Td (such ) Tj ET Q q 0 0 0 rg BT 135.02 363.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 179.07 363.75 Td (could ) Tj ET Q q 0 0 0 rg BT 202.57 363.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 242.17 363.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 270.67 363.75 Td (our ) Tj ET Q q 0 0 0 rg BT 285.28 363.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 312.11 363.75 Td (to ) Tj ET Q q 0 0 0 rg BT 321.17 363.75 Td (execute ) Tj ET Q q 0 0 0 rg BT 352.99 363.75 Td (key ) Tj ET Q q 0 0 0 rg BT 368.71 363.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 414.98 363.75 Td (functions ) Tj ET Q q 0 0 0 rg BT 453.48 363.75 Td (and ) Tj ET Q q 0 0 0 rg BT 469.20 363.75 Td (could ) Tj ET Q q 0 0 0 rg BT 492.70 363.75 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 351.75 Td (af) Tj ET Q q 0 0 0 rg BT 88.59 351.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 106.07 351.75 Td (our ) Tj ET Q q 0 0 0 rg BT 121.90 351.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 169.38 351.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 206.60 351.75 Td (including ) Tj ET Q q 0 0 0 rg BT 246.87 351.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 279.92 351.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 314.63 351.75 Td (over ) Tj ET Q q 0 0 0 rg BT 334.90 351.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 372.38 351.75 Td (reporting. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 326.25 Td (Interruption ) Tj ET Q q 0 0 0 rg BT 134.02 326.25 Td (or ) Tj ET Q q 0 0 0 rg BT 144.80 326.25 Td (other ) Tj ET Q q 0 0 0 rg BT 168.36 326.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 217.48 326.25 Td (failures ) Tj ET Q q 0 0 0 rg BT 251.03 326.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.26 326.25 Td (telecommunication, ) Tj ET Q q 0 0 0 rg BT 344.54 326.25 Td (information ) Tj ET Q q 0 0 0 rg BT 395.88 326.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 442.77 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.22 326.25 Td (other ) Tj ET Q q 0 0 0 rg BT 483.78 326.25 Td (operational ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 314.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 117.28 314.25 Td (or ) Tj ET Q q 0 0 0 rg BT 128.84 314.25 Td (a ) Tj ET Q q 0 0 0 rg BT 136.51 314.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 166.95 314.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.40 314.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 217.30 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.75 314.25 Td (security) Tj ET Q q 0 0 0 rg BT 264.60 314.25 Td (, ) Tj ET Q q 0 0 0 rg BT 269.76 314.25 Td (integrity) Tj ET Q q 0 0 0 rg BT 303.84 314.25 Td (, ) Tj ET Q q 0 0 0 rg BT 309.01 314.25 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 371.11 314.25 Td (or ) Tj ET Q q 0 0 0 rg BT 382.67 314.25 Td (privacy ) Tj ET Q q 0 0 0 rg BT 415.33 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.32 314.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 463.99 314.25 Td (data ) Tj ET Q q 0 0 0 rg BT 484.44 314.25 Td (residing ) Tj ET Q q 0 0 0 rg BT 520.44 314.25 Td (on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 302.25 Td (such ) Tj ET Q q 0 0 0 rg BT 102.95 302.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 139.06 302.25 Td (including ) Tj ET Q q 0 0 0 rg BT 181.02 302.25 Td (as ) Tj ET Q q 0 0 0 rg BT 192.41 302.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.91 302.25 Td (result ) Tj ET Q q 0 0 0 rg BT 225.75 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.58 302.25 Td (human ) Tj ET Q q 0 0 0 rg BT 268.54 302.25 Td (error) Tj ET Q q 0 0 0 rg BT 289.11 302.25 Td (, ) Tj ET Q q 0 0 0 rg BT 294.11 302.25 Td (could ) Tj ET Q q 0 0 0 rg BT 319.38 302.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 344.12 302.25 Td (our ) Tj ET Q q 0 0 0 rg BT 361.07 302.25 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.58 302.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 285.75 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 285.75 Td (e ) Tj ET Q q 0 0 0 rg BT 119.61 285.75 Td (are ) Tj ET Q q 0 0 0 rg BT 133.36 285.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 160.45 285.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 203.08 285.75 Td (on ) Tj ET Q q 0 0 0 rg BT 214.62 285.75 Td (automated ) Tj ET Q q 0 0 0 rg BT 257.81 285.75 Td (and ) Tj ET Q q 0 0 0 rg BT 273.78 285.75 Td (information ) Tj ET Q q 0 0 0 rg BT 322.53 285.75 Td (technology ) Tj ET Q q 0 0 0 rg BT 368.50 285.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 401.71 285.75 Td (to ) Tj ET Q q 0 0 0 rg BT 411.02 285.75 Td (record ) Tj ET Q q 0 0 0 rg BT 438.10 285.75 Td (and ) Tj ET Q q 0 0 0 rg BT 454.07 285.75 Td (process ) Tj ET Q q 0 0 0 rg BT 485.60 285.75 Td (our ) Tj ET Q q 0 0 0 rg BT 500.47 285.75 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 131.39 273.75 Td (and ) Tj ET Q q 0 0 0 rg BT 148.46 273.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 198.85 273.75 Td (involving ) Tj ET Q q 0 0 0 rg BT 239.82 273.75 Td (our ) Tj ET Q q 0 0 0 rg BT 255.78 273.75 Td (customers, ) Tj ET Q q 0 0 0 rg BT 301.45 273.75 Td (as ) Tj ET Q q 0 0 0 rg BT 312.41 273.75 Td (well ) Tj ET Q q 0 0 0 rg BT 332.26 273.75 Td (as ) Tj ET Q q 0 0 0 rg BT 343.22 273.75 Td (to ) Tj ET Q q 0 0 0 rg BT 353.63 273.75 Td (calculate ) Tj ET Q q 0 0 0 rg BT 391.78 273.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 429.67 273.75 Td (value-invested ) Tj ET Q q 0 0 0 rg BT 490.61 273.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 516.57 273.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 120.25 261.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 150.06 261.75 Td (other ) Tj ET Q q 0 0 0 rg BT 173.20 261.75 Td (components ) Tj ET Q q 0 0 0 rg BT 224.13 261.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.06 261.75 Td (our ) Tj ET Q q 0 0 0 rg BT 250.99 261.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 271.38 261.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 298.23 261.75 Td ( ) Tj ET Q q 0 0 0 rg BT 300.84 261.75 Td (and ) Tj ET Q q 0 0 0 rg BT 317.88 261.75 Td (statutory ) Tj ET Q q 0 0 0 rg BT 355.47 261.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 393.05 261.75 Td (statements. ) Tj ET Q q 0 0 0 rg BT 440.18 261.75 Td (W) Tj ET Q q 0 0 0 rg BT 448.82 261.75 Td (e ) Tj ET Q q 0 0 0 rg BT 455.86 261.75 Td (could ) Tj ET Q q 0 0 0 rg BT 480.68 261.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 526.58 261.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 249.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 110.09 249.75 Td (of ) Tj ET Q q 0 0 0 rg BT 121.42 249.75 Td (one ) Tj ET Q q 0 0 0 rg BT 138.86 249.75 Td (of ) Tj ET Q q 0 0 0 rg BT 150.18 249.75 Td (these ) Tj ET Q q 0 0 0 rg BT 173.73 249.75 Td (systems, ) Tj ET Q q 0 0 0 rg BT 210.90 249.75 Td (our ) Tj ET Q q 0 0 0 rg BT 227.23 249.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 272.99 249.75 Td (or ) Tj ET Q q 0 0 0 rg BT 284.32 249.75 Td (agents ) Tj ET Q q 0 0 0 rg BT 312.86 249.75 Td (could ) Tj ET Q q 0 0 0 rg BT 338.08 249.75 Td (fail ) Tj ET Q q 0 0 0 rg BT 354.40 249.75 Td (to ) Tj ET Q q 0 0 0 rg BT 365.17 249.75 Td (monitor ) Tj ET Q q 0 0 0 rg BT 399.84 249.75 Td (and ) Tj ET Q q 0 0 0 rg BT 417.27 249.75 Td (implement ) Tj ET Q q 0 0 0 rg BT 463.04 249.75 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 522.68 249.75 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 237.75 Td (other ) Tj ET Q q 0 0 0 rg BT 103.50 237.75 Td (modifications ) Tj ET Q q 0 0 0 rg BT 160.44 237.75 Td (to ) Tj ET Q q 0 0 0 rg BT 170.17 237.75 Td (a ) Tj ET Q q 0 0 0 rg BT 176.57 237.75 Td (system ) Tj ET Q q 0 0 0 rg BT 206.30 237.75 Td (in ) Tj ET Q q 0 0 0 rg BT 216.03 237.75 Td (a ) Tj ET Q q 0 0 0 rg BT 222.42 237.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 249.93 237.75 Td (and ) Tj ET Q q 0 0 0 rg BT 266.32 237.75 Td (ef) Tj ET Q q 0 0 0 rg BT 273.91 237.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 303.06 237.75 Td (manner) Tj ET Q q 0 0 0 rg BT 332.65 237.75 Td (, ) Tj ET Q q 0 0 0 rg BT 337.10 237.75 Td (or ) Tj ET Q q 0 0 0 rg BT 347.38 237.75 Td (our ) Tj ET Q q 0 0 0 rg BT 362.67 237.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 407.38 237.75 Td (or ) Tj ET Q q 0 0 0 rg BT 417.67 237.75 Td (agents ) Tj ET Q q 0 0 0 rg BT 445.17 237.75 Td (could ) Tj ET Q q 0 0 0 rg BT 469.33 237.75 Td (fail ) Tj ET Q q 0 0 0 rg BT 484.61 237.75 Td (to ) Tj ET Q q 0 0 0 rg BT 494.34 237.75 Td (complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 225.75 Td (all ) Tj ET Q q 0 0 0 rg BT 94.97 225.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 137.82 225.75 Td (data ) Tj ET Q q 0 0 0 rg BT 158.45 225.75 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 217.41 225.75 Td (or ) Tj ET Q q 0 0 0 rg BT 229.71 225.75 Td (other ) Tj ET Q q 0 0 0 rg BT 254.24 225.75 Td (conversion ) Tj ET Q q 0 0 0 rg BT 302.09 225.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 338.29 225.75 Td (when ) Tj ET Q q 0 0 0 rg BT 363.93 225.75 Td (implementing ) Tj ET Q q 0 0 0 rg BT 423.45 225.75 Td (a ) Tj ET Q q 0 0 0 rg BT 431.87 225.75 Td (new ) Tj ET Q q 0 0 0 rg BT 452.51 225.75 Td (software ) Tj ET Q q 0 0 0 rg BT 490.91 225.75 Td (system ) Tj ET Q q 0 0 0 rg BT 522.67 225.75 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 213.75 Td (implementing ) Tj ET Q q 0 0 0 rg BT 138.73 213.75 Td (modifications ) Tj ET Q q 0 0 0 rg BT 195.91 213.75 Td (to ) Tj ET Q q 0 0 0 rg BT 205.88 213.75 Td (an ) Tj ET Q q 0 0 0 rg BT 217.50 213.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 251.36 213.75 Td (system. ) Tj ET Q q 0 0 0 rg BT 283.82 213.75 Td (Despite ) Tj ET Q q 0 0 0 rg BT 316.56 213.75 Td (the ) Tj ET Q q 0 0 0 rg BT 330.96 213.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 395.91 213.75 Td (of ) Tj ET Q q 0 0 0 rg BT 406.43 213.75 Td (security ) Tj ET Q q 0 0 0 rg BT 440.27 213.75 Td (and ) Tj ET Q q 0 0 0 rg BT 456.90 213.75 Td (back-up ) Tj ET Q q 0 0 0 rg BT 491.29 213.75 Td (measures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 201.75 Td (our ) Tj ET Q q 0 0 0 rg BT 96.08 201.75 Td (information ) Tj ET Q q 0 0 0 rg BT 145.04 201.75 Td (technology ) Tj ET Q q 0 0 0 rg BT 191.22 201.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 224.64 201.75 Td (may ) Tj ET Q q 0 0 0 rg BT 243.61 201.75 Td (be ) Tj ET Q q 0 0 0 rg BT 254.80 201.75 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 298.75 201.75 Td (to ) Tj ET Q q 0 0 0 rg BT 308.28 201.75 Td (physical ) Tj ET Q q 0 0 0 rg BT 343.35 201.75 Td (or ) Tj ET Q q 0 0 0 rg BT 353.43 201.75 Td (electronic ) Tj ET Q q 0 0 0 rg BT 394.60 201.75 Td (intrusions, ) Tj ET Q q 0 0 0 rg BT 438.30 201.75 Td (viruses ) Tj ET Q q 0 0 0 rg BT 468.38 201.75 Td (or ) Tj ET Q q 0 0 0 rg BT 478.46 201.75 Td (other ) Tj ET Q q 0 0 0 rg BT 500.75 201.75 Td (attacks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 189.75 Td (programming ) Tj ET Q q 0 0 0 rg BT 137.57 189.75 Td (errors ) Tj ET Q q 0 0 0 rg BT 163.03 189.75 Td (and ) Tj ET Q q 0 0 0 rg BT 179.60 189.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 209.51 189.75 Td (disruptions. ) Tj ET Q q 0 0 0 rg BT 258.44 189.75 Td (W) Tj ET Q q 0 0 0 rg BT 267.08 189.75 Td (e ) Tj ET Q q 0 0 0 rg BT 273.65 189.75 Td (may ) Tj ET Q q 0 0 0 rg BT 293.01 189.75 Td (also ) Tj ET Q q 0 0 0 rg BT 311.25 189.75 Td (be ) Tj ET Q q 0 0 0 rg BT 322.83 189.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 353.29 189.75 Td (to ) Tj ET Q q 0 0 0 rg BT 363.20 189.75 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 409.79 189.75 Td (of ) Tj ET Q q 0 0 0 rg BT 420.25 189.75 Td (any ) Tj ET Q q 0 0 0 rg BT 436.83 189.75 Td (of ) Tj ET Q q 0 0 0 rg BT 447.29 189.75 Td (these ) Tj ET Q q 0 0 0 rg BT 469.98 189.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 503.78 189.75 Td (arising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 177.75 Td (from ) Tj ET Q q 0 0 0 rg BT 104.08 177.75 Td (events ) Tj ET Q q 0 0 0 rg BT 133.26 177.75 Td (that ) Tj ET Q q 0 0 0 rg BT 151.89 177.75 Td (are ) Tj ET Q q 0 0 0 rg BT 167.74 177.75 Td (wholly ) Tj ET Q q 0 0 0 rg BT 199.15 177.75 Td (or ) Tj ET Q q 0 0 0 rg BT 211.12 177.75 Td (partially ) Tj ET Q q 0 0 0 rg BT 248.08 177.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 281.16 177.75 Td (our ) Tj ET Q q 0 0 0 rg BT 298.12 177.75 Td (control ) Tj ET Q q 0 0 0 rg BT 330.09 177.75 Td (\(for ) Tj ET Q q 0 0 0 rg BT 348.71 177.75 Td (example, ) Tj ET Q q 0 0 0 rg BT 388.72 177.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 420.13 177.75 Td (disasters, ) Tj ET Q q 0 0 0 rg BT 460.70 177.75 Td (acts ) Tj ET Q q 0 0 0 rg BT 479.89 177.75 Td (of ) Tj ET Q q 0 0 0 rg BT 491.85 177.75 Td (terrorism, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 165.75 Td (epidemics, ) Tj ET Q q 0 0 0 rg BT 127.45 165.75 Td (computer ) Tj ET Q q 0 0 0 rg BT 168.63 165.75 Td (viruses ) Tj ET Q q 0 0 0 rg BT 200.36 165.75 Td (and ) Tj ET Q q 0 0 0 rg BT 218.21 165.75 Td (electrical/telecommunications ) Tj ET Q q 0 0 0 rg BT 341.57 165.75 Td (outages\). ) Tj ET Q q 0 0 0 rg BT 380.60 165.75 Td (All ) Tj ET Q q 0 0 0 rg BT 396.79 165.75 Td (of ) Tj ET Q q 0 0 0 rg BT 408.53 165.75 Td (these ) Tj ET Q q 0 0 0 rg BT 432.49 165.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 454.79 165.75 Td (are ) Tj ET Q q 0 0 0 rg BT 470.40 165.75 Td (also ) Tj ET Q q 0 0 0 rg BT 489.92 165.75 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 153.75 Td (where ) Tj ET Q q 0 0 0 rg BT 107.83 153.75 Td (we ) Tj ET Q q 0 0 0 rg BT 121.89 153.75 Td (rely ) Tj ET Q q 0 0 0 rg BT 139.83 153.75 Td (on ) Tj ET Q q 0 0 0 rg BT 152.23 153.75 Td (outside ) Tj ET Q q 0 0 0 rg BT 183.52 153.75 Td (vendors, ) Tj ET Q q 0 0 0 rg BT 220.08 153.75 Td (including ) Tj ET Q q 0 0 0 rg BT 260.25 153.75 Td (Dell, ) Tj ET Q q 0 0 0 rg BT 282.36 153.75 Td (to ) Tj ET Q q 0 0 0 rg BT 292.54 153.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 325.49 153.75 Td (services ) Tj ET Q q 0 0 0 rg BT 360.09 153.75 Td (to ) Tj ET Q q 0 0 0 rg BT 370.27 153.75 Td (us ) Tj ET Q q 0 0 0 rg BT 381.56 153.75 Td (and ) Tj ET Q q 0 0 0 rg BT 398.40 153.75 Td (our ) Tj ET Q q 0 0 0 rg BT 414.13 153.75 Td (customers. ) Tj ET Q q 0 0 0 rg BT 459.40 153.75 Td (The ) Tj ET Q q 0 0 0 rg BT 477.35 153.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 505.84 153.75 Td (of ) Tj ET Q q 0 0 0 rg BT 516.57 153.75 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 141.75 Td (one ) Tj ET Q q 0 0 0 rg BT 97.17 141.75 Td (of ) Tj ET Q q 0 0 0 rg BT 107.23 141.75 Td (these ) Tj ET Q q 0 0 0 rg BT 129.51 141.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 162.91 141.75 Td (for ) Tj ET Q q 0 0 0 rg BT 176.30 141.75 Td (any ) Tj ET Q q 0 0 0 rg BT 192.47 141.75 Td (reason, ) Tj ET Q q 0 0 0 rg BT 222.80 141.75 Td (or ) Tj ET Q q 0 0 0 rg BT 232.86 141.75 Td (errors ) Tj ET Q q 0 0 0 rg BT 257.91 141.75 Td (made ) Tj ET Q q 0 0 0 rg BT 281.30 141.75 Td (by ) Tj ET Q q 0 0 0 rg BT 293.03 141.75 Td (our ) Tj ET Q q 0 0 0 rg BT 308.09 141.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 352.58 141.75 Td (or ) Tj ET Q q 0 0 0 rg BT 362.65 141.75 Td (agents, ) Tj ET Q q 0 0 0 rg BT 392.42 141.75 Td (could ) Tj ET Q q 0 0 0 rg BT 416.37 141.75 Td (in ) Tj ET Q q 0 0 0 rg BT 425.88 141.75 Td (each ) Tj ET Q q 0 0 0 rg BT 445.93 141.75 Td (case ) Tj ET Q q 0 0 0 rg BT 464.86 141.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 488.80 141.75 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 129.75 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 133.72 129.75 Td (to ) Tj ET Q q 0 0 0 rg BT 143.11 129.75 Td (our ) Tj ET Q q 0 0 0 rg BT 158.06 129.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 203.83 129.75 Td (which ) Tj ET Q q 0 0 0 rg BT 229.88 129.75 Td (could ) Tj ET Q q 0 0 0 rg BT 253.71 129.75 Td (harm ) Tj ET Q q 0 0 0 rg BT 275.88 129.75 Td (our ) Tj ET Q q 0 0 0 rg BT 290.82 129.75 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 335.48 129.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 375.41 129.75 Td (af) Tj ET Q q 0 0 0 rg BT 383.00 129.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 399.60 129.75 Td (our ) Tj ET Q q 0 0 0 rg BT 414.54 129.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 446.70 129.75 Td (control ) Tj ET Q q 0 0 0 rg BT 476.64 129.75 Td (over ) Tj ET Q q 0 0 0 rg BT 496.02 129.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 117.75 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 122.66 117.75 Td (or ) Tj ET Q q 0 0 0 rg BT 133.49 117.75 Td (have ) Tj ET Q q 0 0 0 rg BT 154.86 117.75 Td (a ) Tj ET Q q 0 0 0 rg BT 161.80 117.75 Td (material ) Tj ET Q q 0 0 0 rg BT 197.06 117.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 230.10 117.75 Td (ef) Tj ET Q q 0 0 0 rg BT 237.68 117.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 255.17 117.75 Td (on ) Tj ET Q q 0 0 0 rg BT 267.67 117.75 Td (our ) Tj ET Q q 0 0 0 rg BT 283.50 117.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 322.39 117.75 Td (results ) Tj ET Q q 0 0 0 rg BT 351.00 117.75 Td (of ) Tj ET Q q 0 0 0 rg BT 361.83 117.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 405.99 117.75 Td (and ) Tj ET Q q 0 0 0 rg BT 422.92 117.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.40 117.75 Td (condition. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 107.55 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 95.55 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 95.55 Td (e ) Tj ET Q q 0 0 0 rg BT 119.86 95.55 Td (retain ) Tj ET Q q 0 0 0 rg BT 144.41 95.55 Td (confidential ) Tj ET Q q 0 0 0 rg BT 193.95 95.55 Td (information ) Tj ET Q q 0 0 0 rg BT 242.95 95.55 Td (in ) Tj ET Q q 0 0 0 rg BT 252.51 95.55 Td (our ) Tj ET Q q 0 0 0 rg BT 267.62 95.55 Td (information ) Tj ET Q q 0 0 0 rg BT 316.62 95.55 Td (technology ) Tj ET Q q 0 0 0 rg BT 362.83 95.55 Td (systems ) Tj ET Q q 0 0 0 rg BT 396.29 95.55 Td (and ) Tj ET Q q 0 0 0 rg BT 412.51 95.55 Td (those ) Tj ET Q q 0 0 0 rg BT 435.40 95.55 Td (of ) Tj ET Q q 0 0 0 rg BT 445.52 95.55 Td (our ) Tj ET Q q 0 0 0 rg BT 460.63 95.55 Td (business ) Tj ET Q q 0 0 0 rg BT 496.30 95.55 Td (partners, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 83.55 Td (and ) Tj ET Q q 0 0 0 rg BT 97.93 83.55 Td (we ) Tj ET Q q 0 0 0 rg BT 112.08 83.55 Td (rely ) Tj ET Q q 0 0 0 rg BT 130.12 83.55 Td (on ) Tj ET Q q 0 0 0 rg BT 142.61 83.55 Td (industry ) Tj ET Q q 0 0 0 rg BT 177.88 83.55 Td (standard ) Tj ET Q q 0 0 0 rg BT 214.24 83.55 Td (commercial ) Tj ET Q q 0 0 0 rg BT 263.93 83.55 Td (technologies ) Tj ET Q q 0 0 0 rg BT 316.96 83.55 Td (to ) Tj ET Q q 0 0 0 rg BT 327.23 83.55 Td (maintain ) Tj ET Q q 0 0 0 rg BT 364.71 83.55 Td (the ) Tj ET Q q 0 0 0 rg BT 379.42 83.55 Td (security ) Tj ET Q q 0 0 0 rg BT 413.56 83.55 Td (of ) Tj ET Q q 0 0 0 rg BT 424.38 83.55 Td (those ) Tj ET Q q 0 0 0 rg BT 447.98 83.55 Td (systems. ) Tj ET Q q 0 0 0 rg BT 484.64 83.55 Td (Despite ) Tj ET Q q 0 0 0 rg BT 517.68 83.55 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 71.55 Td (implementation ) Tj ET Q q 0 0 0 rg BT 146.51 71.55 Td (of ) Tj ET Q q 0 0 0 rg BT 157.59 71.55 Td (network ) Tj ET Q q 0 0 0 rg BT 193.11 71.55 Td (security ) Tj ET Q q 0 0 0 rg BT 227.51 71.55 Td (measures, ) Tj ET Q q 0 0 0 rg BT 269.97 71.55 Td (our ) Tj ET Q q 0 0 0 rg BT 286.05 71.55 Td (servers ) Tj ET Q q 0 0 0 rg BT 317.12 71.55 Td (could ) Tj ET Q q 0 0 0 rg BT 342.08 71.55 Td (be ) Tj ET Q q 0 0 0 rg BT 354.27 71.55 Td (subject ) Tj ET Q q 0 0 0 rg BT 385.35 71.55 Td (to ) Tj ET Q q 0 0 0 rg BT 395.87 71.55 Td (physical ) Tj ET Q q 0 0 0 rg BT 431.95 71.55 Td (and ) Tj ET Q q 0 0 0 rg BT 449.13 71.55 Td (electronic ) Tj ET Q q 0 0 0 rg BT 491.30 71.55 Td (break-ins, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 59.55 Td (and ) Tj ET Q q 0 0 0 rg BT 99.55 59.55 Td (similar ) Tj ET Q q 0 0 0 rg BT 131.44 59.55 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 180.00 59.55 Td (from ) Tj ET Q q 0 0 0 rg BT 203.55 59.55 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 259.86 59.55 Td (tampering ) Tj ET Q q 0 0 0 rg BT 304.51 59.55 Td (with ) Tj ET Q q 0 0 0 rg BT 326.40 59.55 Td (our ) Tj ET Q q 0 0 0 rg BT 343.85 59.55 Td (computer ) Tj ET Q q 0 0 0 rg BT 385.72 59.55 Td (systems. ) Tj ET Q q 0 0 0 rg BT 423.71 59.55 Td (While ) Tj ET Q q 0 0 0 rg BT 452.25 59.55 Td (we ) Tj ET Q q 0 0 0 rg BT 468.02 59.55 Td (perform ) Tj ET Q q 0 0 0 rg BT 504.34 59.55 Td (annual ) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (penetration ) Tj ET Q q 0 0 0 rg BT 128.90 735.60 Td (tests ) Tj ET Q q 0 0 0 rg BT 149.59 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 166.95 735.60 Td (have ) Tj ET Q q 0 0 0 rg BT 188.74 735.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 223.32 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 230.67 735.60 Td (number ) Tj ET Q q 0 0 0 rg BT 264.14 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.38 735.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 315.51 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 326.21 735.60 Td (protect ) Tj ET Q q 0 0 0 rg BT 356.89 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 372.02 735.60 Td (security ) Tj ET Q q 0 0 0 rg BT 406.59 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.84 735.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 457.41 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 474.77 735.60 Td (company ) Tj ET Q q 0 0 0 rg BT 514.34 735.60 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.16 723.60 Td (have ) Tj ET Q q 0 0 0 rg BT 119.76 723.60 Td (not ) Tj ET Q q 0 0 0 rg BT 135.27 723.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 186.29 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 193.46 723.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 237.28 723.60 Td (cyber) Tj ET Q q 0 0 0 rg BT 259.29 723.60 Td (-attack, ) Tj ET Q q 0 0 0 rg BT 291.71 723.60 Td (there ) Tj ET Q q 0 0 0 rg BT 314.42 723.60 Td (is ) Tj ET Q q 0 0 0 rg BT 323.82 723.60 Td (no ) Tj ET Q q 0 0 0 rg BT 336.54 723.60 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 374.25 723.60 Td (that ) Tj ET Q q 0 0 0 rg BT 391.97 723.60 Td (such ) Tj ET Q q 0 0 0 rg BT 413.03 723.60 Td (an ) Tj ET Q q 0 0 0 rg BT 425.19 723.60 Td (attack ) Tj ET Q q 0 0 0 rg BT 451.79 723.60 Td (will ) Tj ET Q q 0 0 0 rg BT 470.07 723.60 Td (not ) Tj ET Q q 0 0 0 rg BT 485.57 723.60 Td (occur ) Tj ET Q q 0 0 0 rg BT 510.50 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 521.56 723.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 124.87 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 135.42 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.41 711.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 178.95 711.60 Td (Anyone ) Tj ET Q q 0 0 0 rg BT 213.39 711.60 Td (who ) Tj ET Q q 0 0 0 rg BT 233.38 711.60 Td (is ) Tj ET Q q 0 0 0 rg BT 242.82 711.60 Td (able ) Tj ET Q q 0 0 0 rg BT 262.25 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 272.80 711.60 Td (circumvent ) Tj ET Q q 0 0 0 rg BT 320.56 711.60 Td (our ) Tj ET Q q 0 0 0 rg BT 336.66 711.60 Td (security ) Tj ET Q q 0 0 0 rg BT 371.09 711.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 411.07 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 428.28 711.60 Td (penetrate ) Tj ET Q q 0 0 0 rg BT 467.70 711.60 Td (our ) Tj ET Q q 0 0 0 rg BT 483.80 711.60 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (technology ) Tj ET Q q 0 0 0 rg BT 129.18 699.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 164.59 699.60 Td (could ) Tj ET Q q 0 0 0 rg BT 190.55 699.60 Td (access, ) Tj ET Q q 0 0 0 rg BT 222.33 699.60 Td (view) Tj ET Q q 0 0 0 rg BT 241.12 699.60 Td (, ) Tj ET Q q 0 0 0 rg BT 247.36 699.60 Td (misappropriate, ) Tj ET Q q 0 0 0 rg BT 313.58 699.60 Td (alter) Tj ET Q q 0 0 0 rg BT 330.95 699.60 Td (, ) Tj ET Q q 0 0 0 rg BT 337.19 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 349.26 699.60 Td (delete ) Tj ET Q q 0 0 0 rg BT 376.88 699.60 Td (information ) Tj ET Q q 0 0 0 rg BT 427.83 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 439.35 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 455.31 699.60 Td (systems, ) Tj ET Q q 0 0 0 rg BT 493.22 699.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (personally ) Tj ET Q q 0 0 0 rg BT 124.66 687.60 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 172.20 687.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 210.87 687.60 Td (information ) Tj ET Q q 0 0 0 rg BT 260.08 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 276.53 687.60 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 322.96 687.60 Td (business ) Tj ET Q q 0 0 0 rg BT 358.85 687.60 Td (information. ) Tj ET Q q 0 0 0 rg BT 410.57 687.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 460.34 687.60 Td (security ) Tj ET Q q 0 0 0 rg BT 494.00 687.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 514.90 687.60 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (exist ) Tj ET Q q 0 0 0 rg BT 102.71 675.60 Td (with ) Tj ET Q q 0 0 0 rg BT 123.30 675.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 154.44 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 165.04 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.07 675.60 Td (use ) Tj ET Q q 0 0 0 rg BT 196.22 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.37 675.60 Td (portable ) Tj ET Q q 0 0 0 rg BT 242.96 675.60 Td (electronic ) Tj ET Q q 0 0 0 rg BT 285.20 675.60 Td (devices, ) Tj ET Q q 0 0 0 rg BT 320.50 675.60 Td (such ) Tj ET Q q 0 0 0 rg BT 341.65 675.60 Td (as ) Tj ET Q q 0 0 0 rg BT 352.80 675.60 Td (laptops, ) Tj ET Q q 0 0 0 rg BT 387.01 675.60 Td (which ) Tj ET Q q 0 0 0 rg BT 414.27 675.60 Td (are ) Tj ET Q q 0 0 0 rg BT 429.29 675.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 478.20 675.60 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 523.22 675.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 99.51 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 116.90 663.60 Td (theft. ) Tj ET Q q 0 0 0 rg BT 140.67 663.60 Td (In ) Tj ET Q q 0 0 0 rg BT 151.95 663.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 190.17 663.60 Td (an ) Tj ET Q q 0 0 0 rg BT 202.56 663.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 246.60 663.60 Td (number ) Tj ET Q q 0 0 0 rg BT 280.09 663.60 Td (of ) Tj ET Q q 0 0 0 rg BT 291.37 663.60 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 343.76 663.60 Td (require ) Tj ET Q q 0 0 0 rg BT 375.03 663.60 Td (that ) Tj ET Q q 0 0 0 rg BT 392.97 663.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 436.47 663.60 Td (be ) Tj ET Q q 0 0 0 rg BT 448.85 663.60 Td (notified ) Tj ET Q q 0 0 0 rg BT 482.90 663.60 Td (if ) Tj ET Q q 0 0 0 rg BT 491.96 663.60 Td (a ) Tj ET Q q 0 0 0 rg BT 499.35 663.60 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (breach ) Tj ET Q q 0 0 0 rg BT 110.26 651.60 Td (results ) Tj ET Q q 0 0 0 rg BT 138.97 651.60 Td (in ) Tj ET Q q 0 0 0 rg BT 149.36 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 164.19 651.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 207.35 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 218.29 651.60 Td (personally ) Tj ET Q q 0 0 0 rg BT 262.55 651.60 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 310.70 651.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 349.96 651.60 Td (information. ) Tj ET Q q 0 0 0 rg BT 401.71 651.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 421.54 651.60 Td (compromise ) Tj ET Q q 0 0 0 rg BT 473.58 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 484.52 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.35 651.60 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.80 639.60 Td (our ) Tj ET Q q 0 0 0 rg BT 111.60 639.60 Td (information ) Tj ET Q q 0 0 0 rg BT 163.29 639.60 Td (technology ) Tj ET Q q 0 0 0 rg BT 212.19 639.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 248.33 639.60 Td (that ) Tj ET Q q 0 0 0 rg BT 267.80 639.60 Td (results ) Tj ET Q q 0 0 0 rg BT 298.38 639.60 Td (in ) Tj ET Q q 0 0 0 rg BT 310.63 639.60 Td (inappropriate ) Tj ET Q q 0 0 0 rg BT 368.41 639.60 Td (access, ) Tj ET Q q 0 0 0 rg BT 400.92 639.60 Td (use ) Tj ET Q q 0 0 0 rg BT 418.72 639.60 Td (or ) Tj ET Q q 0 0 0 rg BT 431.53 639.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 476.54 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.35 639.60 Td (personally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.60 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 128.25 627.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 166.63 627.60 Td (information ) Tj ET Q q 0 0 0 rg BT 215.56 627.60 Td (could ) Tj ET Q q 0 0 0 rg BT 239.49 627.60 Td (damage ) Tj ET Q q 0 0 0 rg BT 272.30 627.60 Td (our ) Tj ET Q q 0 0 0 rg BT 287.35 627.60 Td (reputation ) Tj ET Q q 0 0 0 rg BT 329.61 627.60 Td (in ) Tj ET Q q 0 0 0 rg BT 339.11 627.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.04 627.60 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 406.12 627.60 Td (deter ) Tj ET Q q 0 0 0 rg BT 427.82 627.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 468.97 627.60 Td (of ) Tj ET Q q 0 0 0 rg BT 479.01 627.60 Td (our ) Tj ET Q q 0 0 0 rg BT 494.06 627.60 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 113.12 615.60 Td (us ) Tj ET Q q 0 0 0 rg BT 125.80 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.37 615.60 Td (heightened ) Tj ET Q q 0 0 0 rg BT 185.04 615.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 229.92 615.60 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 265.93 615.60 Td (or ) Tj ET Q q 0 0 0 rg BT 278.05 615.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 324.06 615.60 Td (civil ) Tj ET Q q 0 0 0 rg BT 345.62 615.60 Td (and ) Tj ET Q q 0 0 0 rg BT 363.85 615.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 400.96 615.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 435.86 615.60 Td (and ) Tj ET Q q 0 0 0 rg BT 454.09 615.60 Td (require ) Tj ET Q q 0 0 0 rg BT 486.20 615.60 Td (us ) Tj ET Q q 0 0 0 rg BT 498.89 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 510.46 615.60 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 603.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 125.71 603.60 Td (technical, ) Tj ET Q q 0 0 0 rg BT 166.80 603.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 188.73 603.60 Td (and ) Tj ET Q q 0 0 0 rg BT 205.67 603.60 Td (other ) Tj ET Q q 0 0 0 rg BT 228.72 603.60 Td (expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 582.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.80 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.49 582.60 Td (event ) Tj ET Q q 0 0 0 rg BT 154.62 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.42 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 172.33 582.60 Td (disaster ) Tj ET Q q 0 0 0 rg BT 205.35 582.60 Td (such ) Tj ET Q q 0 0 0 rg BT 226.15 582.60 Td (as ) Tj ET Q q 0 0 0 rg BT 236.96 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 243.87 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 274.10 582.60 Td (catastrophe, ) Tj ET Q q 0 0 0 rg BT 324.61 582.60 Td (an ) Tj ET Q q 0 0 0 rg BT 336.52 582.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 376.76 582.60 Td (accident, ) Tj ET Q q 0 0 0 rg BT 415.04 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 421.96 582.60 Td (blackout, ) Tj ET Q q 0 0 0 rg BT 461.36 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 468.27 582.60 Td (computer ) Tj ET Q q 0 0 0 rg BT 508.51 582.60 Td (virus, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.64 570.60 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 121.50 570.60 Td (attack ) Tj ET Q q 0 0 0 rg BT 147.58 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 158.11 570.60 Td (war) Tj ET Q q 0 0 0 rg BT 172.70 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 177.40 570.60 Td (our ) Tj ET Q q 0 0 0 rg BT 192.94 570.60 Td (information ) Tj ET Q q 0 0 0 rg BT 242.35 570.60 Td (technology ) Tj ET Q q 0 0 0 rg BT 288.99 570.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 322.86 570.60 Td (may ) Tj ET Q q 0 0 0 rg BT 342.28 570.60 Td (be ) Tj ET Q q 0 0 0 rg BT 353.93 570.60 Td (inaccessible ) Tj ET Q q 0 0 0 rg BT 404.44 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 414.42 570.60 Td (our ) Tj ET Q q 0 0 0 rg BT 429.96 570.60 Td (employees, ) Tj ET Q q 0 0 0 rg BT 477.42 570.60 Td (customers, ) Tj ET Q q 0 0 0 rg BT 522.67 570.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 558.60 Td (business ) Tj ET Q q 0 0 0 rg BT 117.62 558.60 Td (partners ) Tj ET Q q 0 0 0 rg BT 152.56 558.60 Td (for ) Tj ET Q q 0 0 0 rg BT 166.95 558.60 Td (an ) Tj ET Q q 0 0 0 rg BT 179.12 558.60 Td (extended ) Tj ET Q q 0 0 0 rg BT 217.94 558.60 Td (period ) Tj ET Q q 0 0 0 rg BT 246.21 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 257.27 558.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 280.28 558.60 Td (Even ) Tj ET Q q 0 0 0 rg BT 303.55 558.60 Td (if ) Tj ET Q q 0 0 0 rg BT 312.39 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 328.45 558.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 373.94 558.60 Td (are ) Tj ET Q q 0 0 0 rg BT 388.88 558.60 Td (able ) Tj ET Q q 0 0 0 rg BT 408.27 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 418.77 558.60 Td (report ) Tj ET Q q 0 0 0 rg BT 445.38 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 455.89 558.60 Td (work, ) Tj ET Q q 0 0 0 rg BT 481.67 558.60 Td (they ) Tj ET Q q 0 0 0 rg BT 501.62 558.60 Td (may ) Tj ET Q q 0 0 0 rg BT 521.56 558.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 546.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 109.87 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.86 546.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 154.28 546.60 Td (their ) Tj ET Q q 0 0 0 rg BT 174.81 546.60 Td (duties ) Tj ET Q q 0 0 0 rg BT 200.91 546.60 Td (for ) Tj ET Q q 0 0 0 rg BT 214.78 546.60 Td (an ) Tj ET Q q 0 0 0 rg BT 226.43 546.60 Td (extended ) Tj ET Q q 0 0 0 rg BT 264.74 546.60 Td (period ) Tj ET Q q 0 0 0 rg BT 292.50 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.04 546.60 Td (time ) Tj ET Q q 0 0 0 rg BT 323.03 546.60 Td (if ) Tj ET Q q 0 0 0 rg BT 331.35 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 346.89 546.60 Td (data ) Tj ET Q q 0 0 0 rg BT 365.76 546.60 Td (or ) Tj ET Q q 0 0 0 rg BT 376.30 546.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 410.18 546.60 Td (are ) Tj ET Q q 0 0 0 rg BT 424.60 546.60 Td (disabled ) Tj ET Q q 0 0 0 rg BT 460.14 546.60 Td (or ) Tj ET Q q 0 0 0 rg BT 470.68 546.60 Td (destroyed. ) Tj ET Q q 0 0 0 rg BT 513.78 546.60 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 534.60 Td (such ) Tj ET Q q 0 0 0 rg BT 101.83 534.60 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 148.18 534.60 Td (could ) Tj ET Q q 0 0 0 rg BT 172.90 534.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 215.94 534.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 256.75 534.60 Td (af) Tj ET Q q 0 0 0 rg BT 264.34 534.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 281.83 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 297.66 534.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 336.55 534.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 380.70 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 397.64 534.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 435.12 534.60 Td (condition. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 509.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 100.87 509.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 119.62 509.10 Td (management ) Tj ET Q q 0 0 0 rg BT 176.15 509.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 210.45 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.20 509.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 277.95 509.10 Td (could ) Tj ET Q q 0 0 0 rg BT 303.92 509.10 Td (leave ) Tj ET Q q 0 0 0 rg BT 328.21 509.10 Td (us ) Tj ET Q q 0 0 0 rg BT 340.85 509.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 376.82 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.79 509.10 Td (unidentified ) Tj ET Q q 0 0 0 rg BT 440.99 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 453.07 509.10 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 512.94 509.10 Td (risk, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 108.51 497.10 Td (could ) Tj ET Q q 0 0 0 rg BT 133.79 497.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 177.94 497.10 Td (af) Tj ET Q q 0 0 0 rg BT 186.09 497.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 203.57 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 220.53 497.10 Td (business ) Tj ET Q q 0 0 0 rg BT 258.04 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 269.43 497.10 Td (result ) Tj ET Q q 0 0 0 rg BT 295.27 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.11 497.10 Td (losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 480.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 480.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.18 480.60 Td (have ) Tj ET Q q 0 0 0 rg BT 141.16 480.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 184.35 480.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 201.46 480.60 Td (management ) Tj ET Q q 0 0 0 rg BT 254.65 480.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 287.85 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 304.39 480.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 350.36 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.90 480.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 395.10 480.60 Td (to ) Tj ET Q q 0 0 0 rg BT 404.98 480.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 441.51 480.60 Td (to ) Tj ET Q q 0 0 0 rg BT 451.39 480.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 486.25 480.60 Td (these ) Tj ET Q q 0 0 0 rg BT 508.90 480.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.78 480.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 468.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 109.75 468.60 Td (Nonetheless, ) Tj ET Q q 0 0 0 rg BT 163.50 468.60 Td (our ) Tj ET Q q 0 0 0 rg BT 179.21 468.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 212.69 468.60 Td (and ) Tj ET Q q 0 0 0 rg BT 229.50 468.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 275.75 468.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.90 468.60 Td (identify) Tj ET Q q 0 0 0 rg BT 316.35 468.60 Td (, ) Tj ET Q q 0 0 0 rg BT 321.23 468.60 Td (monitor) Tj ET Q q 0 0 0 rg BT 352.49 468.60 Td (, ) Tj ET Q q 0 0 0 rg BT 357.37 468.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.18 468.60 Td (manage ) Tj ET Q q 0 0 0 rg BT 407.65 468.60 Td (both ) Tj ET Q q 0 0 0 rg BT 427.81 468.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 460.72 468.60 Td (and ) Tj ET Q q 0 0 0 rg BT 477.54 468.60 Td (external ) Tj ET Q q 0 0 0 rg BT 512.12 468.60 Td (risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 456.60 Td (may ) Tj ET Q q 0 0 0 rg BT 99.86 456.60 Td (not ) Tj ET Q q 0 0 0 rg BT 114.29 456.60 Td (ef) Tj ET Q q 0 0 0 rg BT 121.88 456.60 Td (fectively ) Tj ET Q q 0 0 0 rg BT 158.51 456.60 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 192.92 456.60 Td (these ) Tj ET Q q 0 0 0 rg BT 215.12 456.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 235.66 456.60 Td (or ) Tj ET Q q 0 0 0 rg BT 245.64 456.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 275.05 456.60 Td (future ) Tj ET Q q 0 0 0 rg BT 300.57 456.60 Td (exposures, ) Tj ET Q q 0 0 0 rg BT 344.71 456.60 Td (which ) Tj ET Q q 0 0 0 rg BT 370.80 456.60 Td (could ) Tj ET Q q 0 0 0 rg BT 394.66 456.60 Td (be ) Tj ET Q q 0 0 0 rg BT 405.75 456.60 Td (dif) Tj ET Q q 0 0 0 rg BT 416.68 456.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 441.64 456.60 Td (or ) Tj ET Q q 0 0 0 rg BT 451.62 456.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 503.26 456.60 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.60 Td (than ) Tj ET Q q 0 0 0 rg BT 101.15 444.60 Td (expected. ) Tj ET Q q 0 0 0 rg BT 141.90 444.60 Td (These ) Tj ET Q q 0 0 0 rg BT 168.71 444.60 Td (identified ) Tj ET Q q 0 0 0 rg BT 209.97 444.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 231.79 444.60 Td (may ) Tj ET Q q 0 0 0 rg BT 251.94 444.60 Td (not ) Tj ET Q q 0 0 0 rg BT 267.66 444.60 Td (be ) Tj ET Q q 0 0 0 rg BT 280.03 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.18 444.60 Td (only ) Tj ET Q q 0 0 0 rg BT 315.89 444.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 337.72 444.60 Td (facing ) Tj ET Q q 0 0 0 rg BT 365.63 444.60 Td (us. ) Tj ET Q q 0 0 0 rg BT 379.31 444.60 Td (Additional ) Tj ET Q q 0 0 0 rg BT 425.02 444.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 446.84 444.60 Td (and ) Tj ET Q q 0 0 0 rg BT 464.22 444.60 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 518.24 444.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 119.97 432.60 Td (known ) Tj ET Q q 0 0 0 rg BT 150.08 432.60 Td (to ) Tj ET Q q 0 0 0 rg BT 160.73 432.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 175.00 432.60 Td (or ) Tj ET Q q 0 0 0 rg BT 186.21 432.60 Td (that ) Tj ET Q q 0 0 0 rg BT 204.09 432.60 Td (we ) Tj ET Q q 0 0 0 rg BT 218.63 432.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 257.60 432.60 Td (deem ) Tj ET Q q 0 0 0 rg BT 282.14 432.60 Td (to ) Tj ET Q q 0 0 0 rg BT 292.80 432.60 Td (be ) Tj ET Q q 0 0 0 rg BT 305.12 432.60 Td (immaterial, ) Tj ET Q q 0 0 0 rg BT 353.81 432.60 Td (may ) Tj ET Q q 0 0 0 rg BT 373.91 432.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 415.10 432.60 Td (af) Tj ET Q q 0 0 0 rg BT 422.69 432.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 440.56 432.60 Td (our ) Tj ET Q q 0 0 0 rg BT 456.77 432.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 496.04 432.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 420.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 122.18 420.60 Td (or ) Tj ET Q q 0 0 0 rg BT 133.91 420.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 175.08 420.60 Td (results. ) Tj ET Q q 0 0 0 rg BT 207.09 420.60 Td (For ) Tj ET Q q 0 0 0 rg BT 224.39 420.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 264.17 420.60 Td (we ) Tj ET Q q 0 0 0 rg BT 279.23 420.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 306.51 420.60 Td (our ) Tj ET Q q 0 0 0 rg BT 323.25 420.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 338.81 420.60 Td ( ) Tj ET Q q 0 0 0 rg BT 342.22 420.60 Td (index ) Tj ET Q q 0 0 0 rg BT 367.84 420.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 397.90 420.60 Td (with ) Tj ET Q q 0 0 0 rg BT 419.08 420.60 Td (a ) Tj ET Q q 0 0 0 rg BT 426.92 420.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 480.32 420.60 Td (of ) Tj ET Q q 0 0 0 rg BT 492.05 420.60 Td (static ) Tj ET Q q 0 0 0 rg BT 516.56 420.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.60 Td (dynamic ) Tj ET Q q 0 0 0 rg BT 118.64 408.60 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 162.12 408.60 Td (which ) Tj ET Q q 0 0 0 rg BT 189.76 408.60 Td (can ) Tj ET Q q 0 0 0 rg BT 206.85 408.60 Td (result ) Tj ET Q q 0 0 0 rg BT 232.28 408.60 Td (in ) Tj ET Q q 0 0 0 rg BT 243.26 408.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 280.35 408.60 Td (volatility) Tj ET Q q 0 0 0 rg BT 315.81 408.60 Td (. ) Tj ET Q q 0 0 0 rg BT 321.52 408.60 Td (In ) Tj ET Q q 0 0 0 rg BT 333.06 408.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 371.54 408.60 Td (our ) Tj ET Q q 0 0 0 rg BT 388.08 408.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 403.64 408.60 Td ( ) Tj ET Q q 0 0 0 rg BT 406.85 408.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 442.28 408.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 477.14 408.60 Td (economically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.60 Td (hedges ) Tj ET Q q 0 0 0 rg BT 111.04 396.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.53 396.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 152.80 396.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 182.85 396.60 Td (and ) Tj ET Q q 0 0 0 rg BT 199.56 396.60 Td (exposes ) Tj ET Q q 0 0 0 rg BT 233.49 396.60 Td (us ) Tj ET Q q 0 0 0 rg BT 244.66 396.60 Td (to ) Tj ET Q q 0 0 0 rg BT 254.71 396.60 Td (the ) Tj ET Q q 0 0 0 rg BT 269.20 396.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 286.48 396.60 Td (that ) Tj ET Q q 0 0 0 rg BT 303.75 396.60 Td (unhedged ) Tj ET Q q 0 0 0 rg BT 344.90 396.60 Td (market ) Tj ET Q q 0 0 0 rg BT 374.94 396.60 Td (exposures ) Tj ET Q q 0 0 0 rg BT 417.20 396.60 Td (result ) Tj ET Q q 0 0 0 rg BT 441.69 396.60 Td (in ) Tj ET Q q 0 0 0 rg BT 451.75 396.60 Td (diver) Tj ET Q q 0 0 0 rg BT 472.11 396.60 Td (gence ) Tj ET Q q 0 0 0 rg BT 497.70 396.60 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 384.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 115.71 384.60 Td (in ) Tj ET Q q 0 0 0 rg BT 125.99 384.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.70 384.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 157.08 384.60 Td (value ) Tj ET Q q 0 0 0 rg BT 181.23 384.60 Td (of ) Tj ET Q q 0 0 0 rg BT 192.06 384.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.78 384.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 246.50 384.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.44 384.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.15 384.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 312.87 384.60 Td (assets. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 359.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 94.15 359.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 119.20 359.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 165.37 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.09 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.25 359.10 Td (economy ) Tj ET Q q 0 0 0 rg BT 233.29 359.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 275.00 359.10 Td (could ) Tj ET Q q 0 0 0 rg BT 301.16 359.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 342.86 359.10 Td (af) Tj ET Q q 0 0 0 rg BT 351.01 359.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 369.38 359.10 Td (our ) Tj ET Q q 0 0 0 rg BT 387.21 359.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 428.11 359.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 474.83 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.78 359.10 Td (financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 347.10 Td (condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 330.60 Td (A) Tj ET Q q 0 0 0 rg BT 111.67 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 114.29 330.60 Td (general ) Tj ET Q q 0 0 0 rg BT 146.33 330.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 187.82 330.60 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 231.55 330.60 Td (could ) Tj ET Q q 0 0 0 rg BT 256.38 330.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 297.31 330.60 Td (af) Tj ET Q q 0 0 0 rg BT 304.90 330.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 322.50 330.60 Td (us ) Tj ET Q q 0 0 0 rg BT 334.01 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 344.41 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.24 330.60 Td (form ) Tj ET Q q 0 0 0 rg BT 381.30 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 392.25 330.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 427.07 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.47 330.60 Td (consumer ) Tj ET Q q 0 0 0 rg BT 478.96 330.60 Td (behavior ) Tj ET Q q 0 0 0 rg BT 516.56 330.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 318.60 Td (pressure ) Tj ET Q q 0 0 0 rg BT 117.74 318.60 Td (on ) Tj ET Q q 0 0 0 rg BT 131.16 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 147.91 318.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 195.21 318.60 Td (portfolios. ) Tj ET Q q 0 0 0 rg BT 240.02 318.60 Td (Concerns ) Tj ET Q q 0 0 0 rg BT 281.20 318.60 Td (over ) Tj ET Q q 0 0 0 rg BT 302.39 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.03 318.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 351.43 318.60 Td (Reserve) Tj ET Q q 0 0 0 rg BT 386.42 318.60 Td (s ) Tj ET Q q 0 0 0 rg BT 393.73 318.60 Td (stimulus ) Tj ET Q q 0 0 0 rg BT 431.05 318.60 Td (plan, ) Tj ET Q q 0 0 0 rg BT 454.18 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.82 318.60 Td (slow ) Tj ET Q q 0 0 0 rg BT 492.13 318.60 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 306.60 Td (recovery) Tj ET Q q 0 0 0 rg BT 115.33 306.60 Td (, ) Tj ET Q q 0 0 0 rg BT 120.70 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.80 306.60 Td (level ) Tj ET Q q 0 0 0 rg BT 158.11 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.32 306.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 189.98 306.60 Td (national ) Tj ET Q q 0 0 0 rg BT 225.07 306.60 Td (debt, ) Tj ET Q q 0 0 0 rg BT 247.67 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.76 306.60 Td (global ) Tj ET Q q 0 0 0 rg BT 290.64 306.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 332.39 306.60 Td (concerns ) Tj ET Q q 0 0 0 rg BT 370.80 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.12 306.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 425.98 306.60 Td (sector ) Tj ET Q q 0 0 0 rg BT 452.73 306.60 Td (issues, ) Tj ET Q q 0 0 0 rg BT 482.00 306.60 Td (sluggish ) Tj ET Q q 0 0 0 rg BT 518.22 306.60 Td (job ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 294.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 112.77 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.66 294.60 Td (wage ) Tj ET Q q 0 0 0 rg BT 155.20 294.60 Td (stagnation, ) Tj ET Q q 0 0 0 rg BT 202.25 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.91 294.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 266.34 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 284.23 294.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 303.78 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 315.55 294.60 Td (credit, ) Tj ET Q q 0 0 0 rg BT 344.26 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.92 294.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 381.15 294.60 Td (housing ) Tj ET Q q 0 0 0 rg BT 416.27 294.60 Td (market, ) Tj ET Q q 0 0 0 rg BT 449.97 294.60 Td (inflation ) Tj ET Q q 0 0 0 rg BT 487.30 294.60 Td (levels, ) Tj ET Q q 0 0 0 rg BT 516.57 294.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 282.60 Td (geopolitical ) Tj ET Q q 0 0 0 rg BT 130.84 282.60 Td (issues ) Tj ET Q q 0 0 0 rg BT 157.36 282.60 Td (have ) Tj ET Q q 0 0 0 rg BT 178.86 282.60 Td (contributed ) Tj ET Q q 0 0 0 rg BT 227.03 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 237.44 282.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 277.82 282.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 316.56 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 333.62 282.60 Td (diminished ) Tj ET Q q 0 0 0 rg BT 380.70 282.60 Td (expectations ) Tj ET Q q 0 0 0 rg BT 433.30 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 447.59 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.44 282.60 Td (economy ) Tj ET Q q 0 0 0 rg BT 501.72 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.79 282.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 270.60 Td (markets. ) Tj ET Q q 0 0 0 rg BT 118.29 270.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 136.97 270.60 Td (top ) Tj ET Q q 0 0 0 rg BT 152.89 270.60 Td (five ) Tj ET Q q 0 0 0 rg BT 171.57 270.60 Td (states ) Tj ET Q q 0 0 0 rg BT 196.92 270.60 Td (for ) Tj ET Q q 0 0 0 rg BT 211.71 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.06 270.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 276.31 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.77 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 304.24 270.60 Td (products ) Tj ET Q q 0 0 0 rg BT 341.81 270.60 Td (are ) Tj ET Q q 0 0 0 rg BT 357.15 270.60 Td (California, ) Tj ET Q q 0 0 0 rg BT 403.10 270.60 Td (T) Tj ET Q q 0 0 0 rg BT 408.51 270.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 431.91 270.60 Td (Florida, ) Tj ET Q q 0 0 0 rg BT 466.43 270.60 Td (New ) Tj ET Q q 0 0 0 rg BT 488.45 270.60 Td (Jersey ) Tj ET Q q 0 0 0 rg BT 516.57 270.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 258.60 Td (Michigan, ) Tj ET Q q 0 0 0 rg BT 124.56 258.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 144.24 258.60 Td (as ) Tj ET Q q 0 0 0 rg BT 155.31 258.60 Td (a ) Tj ET Q q 0 0 0 rg BT 162.49 258.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 189.94 258.60 Td (any ) Tj ET Q q 0 0 0 rg BT 207.12 258.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 240.39 258.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 282.00 258.60 Td (developments ) Tj ET Q q 0 0 0 rg BT 340.28 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 350.80 258.60 Td (these ) Tj ET Q q 0 0 0 rg BT 374.08 258.60 Td (states ) Tj ET Q q 0 0 0 rg BT 399.04 258.60 Td (could ) Tj ET Q q 0 0 0 rg BT 424.00 258.60 Td (have ) Tj ET Q q 0 0 0 rg BT 445.61 258.60 Td (an ) Tj ET Q q 0 0 0 rg BT 457.79 258.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 491.06 258.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 521.01 258.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 246.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.38 246.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 136.15 246.60 Td (As ) Tj ET Q q 0 0 0 rg BT 150.32 246.60 Td (a ) Tj ET Q q 0 0 0 rg BT 157.81 246.60 Td (result ) Tj ET Q q 0 0 0 rg BT 183.08 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 194.47 246.60 Td (these ) Tj ET Q q 0 0 0 rg BT 218.07 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.56 246.60 Td (other ) Tj ET Q q 0 0 0 rg BT 259.16 246.60 Td (concerns, ) Tj ET Q q 0 0 0 rg BT 300.25 246.60 Td (consumer ) Tj ET Q q 0 0 0 rg BT 342.18 246.60 Td (behavior ) Tj ET Q q 0 0 0 rg BT 380.22 246.60 Td (could ) Tj ET Q q 0 0 0 rg BT 405.49 246.60 Td (change, ) Tj ET Q q 0 0 0 rg BT 439.36 246.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 485.18 246.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 523.23 246.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 234.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 122.55 234.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 156.35 234.60 Td (for ) Tj ET Q q 0 0 0 rg BT 170.15 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 185.62 234.60 Td (products ) Tj ET Q q 0 0 0 rg BT 222.20 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 238.78 234.60 Td (elevated ) Tj ET Q q 0 0 0 rg BT 274.23 234.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 299.69 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.16 234.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 337.30 234.60 Td (lapses, ) Tj ET Q q 0 0 0 rg BT 366.38 234.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 393.51 234.60 Td (loans, ) Tj ET Q q 0 0 0 rg BT 419.26 234.60 Td (withdrawals ) Tj ET Q q 0 0 0 rg BT 470.28 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 486.86 234.60 Td (surrenders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 222.60 Td (In ) Tj ET Q q 0 0 0 rg BT 91.60 222.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 129.14 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 144.74 222.60 Td (investments, ) Tj ET Q q 0 0 0 rg BT 197.28 222.60 Td (including ) Tj ET Q q 0 0 0 rg BT 237.32 222.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 287.36 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 297.41 222.60 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 369.09 222.60 Td (securities, ) Tj ET Q q 0 0 0 rg BT 411.62 222.60 Td (could ) Tj ET Q q 0 0 0 rg BT 436.10 222.60 Td (be ) Tj ET Q q 0 0 0 rg BT 447.81 222.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 488.39 222.60 Td (af) Tj ET Q q 0 0 0 rg BT 495.98 222.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 522.67 222.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 210.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.99 210.60 Td (result ) Tj ET Q q 0 0 0 rg BT 112.76 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 123.65 210.60 Td (deteriorating ) Tj ET Q q 0 0 0 rg BT 177.29 210.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.82 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.82 210.60 Td (business ) Tj ET Q q 0 0 0 rg BT 268.26 210.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 312.48 210.60 Td (af) Tj ET Q q 0 0 0 rg BT 320.07 210.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 350.38 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.16 210.60 Td (issuers ) Tj ET Q q 0 0 0 rg BT 394.93 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 405.81 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.58 210.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 460.90 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 471.23 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 487.12 210.60 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 198.60 Td (portfolio. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 173.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.15 173.10 Td (e ) Tj ET Q q 0 0 0 rg BT 96.09 173.10 Td (may ) Tj ET Q q 0 0 0 rg BT 115.80 173.10 Td (not ) Tj ET Q q 0 0 0 rg BT 131.64 173.10 Td (be ) Tj ET Q q 0 0 0 rg BT 143.58 173.10 Td (able ) Tj ET Q q 0 0 0 rg BT 163.30 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.58 173.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 204.40 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 221.36 173.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 269.96 173.10 Td (property ) Tj ET Q q 0 0 0 rg BT 306.90 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.96 173.10 Td (may ) Tj ET Q q 0 0 0 rg BT 344.68 173.10 Td (be ) Tj ET Q q 0 0 0 rg BT 356.62 173.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 388.01 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.29 173.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 454.68 173.10 Td (claims. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 156.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 156.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.75 156.60 Td (rely ) Tj ET Q q 0 0 0 rg BT 138.97 156.60 Td (on ) Tj ET Q q 0 0 0 rg BT 151.65 156.60 Td (a ) Tj ET Q q 0 0 0 rg BT 158.76 156.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 211.43 156.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.43 156.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 269.52 156.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 294.98 156.60 Td (and ) Tj ET Q q 0 0 0 rg BT 312.09 156.60 Td (copyright, ) Tj ET Q q 0 0 0 rg BT 355.59 156.60 Td (trademark ) Tj ET Q q 0 0 0 rg BT 398.80 156.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.91 156.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 438.57 156.60 Td (secret ) Tj ET Q q 0 0 0 rg BT 464.56 156.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 485.57 156.60 Td (to ) Tj ET Q q 0 0 0 rg BT 496.02 156.60 Td (establish ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 144.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.19 144.60 Td (protect ) Tj ET Q q 0 0 0 rg BT 126.71 144.60 Td (our ) Tj ET Q q 0 0 0 rg BT 141.80 144.60 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 187.97 144.60 Td (property) Tj ET Q q 0 0 0 rg BT 221.20 144.60 Td (. ) Tj ET Q q 0 0 0 rg BT 225.07 144.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 264.60 144.60 Td (we ) Tj ET Q q 0 0 0 rg BT 278.02 144.60 Td (use ) Tj ET Q q 0 0 0 rg BT 293.10 144.60 Td (a ) Tj ET Q q 0 0 0 rg BT 299.29 144.60 Td (broad ) Tj ET Q q 0 0 0 rg BT 323.82 144.60 Td (range ) Tj ET Q q 0 0 0 rg BT 347.78 144.60 Td (of ) Tj ET Q q 0 0 0 rg BT 357.86 144.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 396.82 144.60 Td (to ) Tj ET Q q 0 0 0 rg BT 406.36 144.60 Td (protect ) Tj ET Q q 0 0 0 rg BT 435.87 144.60 Td (our ) Tj ET Q q 0 0 0 rg BT 450.96 144.60 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 497.14 144.60 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 132.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 109.17 132.60 Td (third ) Tj ET Q q 0 0 0 rg BT 130.95 132.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 160.49 132.60 Td (may ) Tj ET Q q 0 0 0 rg BT 180.60 132.60 Td (infringe ) Tj ET Q q 0 0 0 rg BT 215.15 132.60 Td (or ) Tj ET Q q 0 0 0 rg BT 226.37 132.60 Td (misappropriate ) Tj ET Q q 0 0 0 rg BT 289.24 132.60 Td (our ) Tj ET Q q 0 0 0 rg BT 305.46 132.60 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 352.77 132.60 Td (property) Tj ET Q q 0 0 0 rg BT 386.00 132.60 Td (. ) Tj ET Q q 0 0 0 rg BT 391.18 132.60 Td (W) Tj ET Q q 0 0 0 rg BT 399.82 132.60 Td (e ) Tj ET Q q 0 0 0 rg BT 407.15 132.60 Td (may ) Tj ET Q q 0 0 0 rg BT 427.26 132.60 Td (have ) Tj ET Q q 0 0 0 rg BT 449.02 132.60 Td (to ) Tj ET Q q 0 0 0 rg BT 459.69 132.60 Td (litigate ) Tj ET Q q 0 0 0 rg BT 490.35 132.60 Td (to ) Tj ET Q q 0 0 0 rg BT 501.02 132.60 Td (enforce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 120.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.43 120.60 Td (protect ) Tj ET Q q 0 0 0 rg BT 131.18 120.60 Td (our ) Tj ET Q q 0 0 0 rg BT 148.50 120.60 Td (copyrights, ) Tj ET Q q 0 0 0 rg BT 197.21 120.60 Td (trademarks, ) Tj ET Q q 0 0 0 rg BT 248.13 120.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 272.10 120.60 Td (secrets ) Tj ET Q q 0 0 0 rg BT 303.30 120.60 Td (and ) Tj ET Q q 0 0 0 rg BT 321.73 120.60 Td (know-how ) Tj ET Q q 0 0 0 rg BT 368.49 120.60 Td (or ) Tj ET Q q 0 0 0 rg BT 380.81 120.60 Td (to ) Tj ET Q q 0 0 0 rg BT 392.58 120.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 436.55 120.60 Td (their ) Tj ET Q q 0 0 0 rg BT 458.87 120.60 Td (scope, ) Tj ET Q q 0 0 0 rg BT 488.13 120.60 Td (validity ) Tj ET Q q 0 0 0 rg BT 522.67 120.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 108.60 Td (enforceability) Tj ET Q q 0 0 0 rg BT 135.88 108.60 Td (, ) Tj ET Q q 0 0 0 rg BT 141.57 108.60 Td (which ) Tj ET Q q 0 0 0 rg BT 169.20 108.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 212.93 108.60 Td (a ) Tj ET Q q 0 0 0 rg BT 220.56 108.60 Td (diversion ) Tj ET Q q 0 0 0 rg BT 260.97 108.60 Td (of ) Tj ET Q q 0 0 0 rg BT 272.49 108.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 313.44 108.60 Td (that ) Tj ET Q q 0 0 0 rg BT 331.63 108.60 Td (may ) Tj ET Q q 0 0 0 rg BT 352.04 108.60 Td (be ) Tj ET Q q 0 0 0 rg BT 364.67 108.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 410.08 108.60 Td (in ) Tj ET Q q 0 0 0 rg BT 421.05 108.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 454.23 108.60 Td (and ) Tj ET Q q 0 0 0 rg BT 471.87 108.60 Td (may ) Tj ET Q q 0 0 0 rg BT 492.27 108.60 Td (not ) Tj ET Q q 0 0 0 rg BT 508.25 108.60 Td (prove ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 96.60 Td (successful. ) Tj ET Q q 0 0 0 rg BT 127.24 96.60 Td (The ) Tj ET Q q 0 0 0 rg BT 145.64 96.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 164.05 96.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.22 96.60 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 222.50 96.60 Td (property ) Tj ET Q q 0 0 0 rg BT 259.22 96.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 302.61 96.60 Td (or ) Tj ET Q q 0 0 0 rg BT 313.79 96.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.85 96.60 Td (inability ) Tj ET Q q 0 0 0 rg BT 365.03 96.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.66 96.60 Td (secure ) Tj ET Q q 0 0 0 rg BT 404.04 96.60 Td (or ) Tj ET Q q 0 0 0 rg BT 415.22 96.60 Td (enforce ) Tj ET Q q 0 0 0 rg BT 448.05 96.60 Td (the ) Tj ET Q q 0 0 0 rg BT 463.11 96.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 506.50 96.60 Td (of ) Tj ET Q q 0 0 0 rg BT 517.68 96.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 84.60 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 127.92 84.60 Td (property ) Tj ET Q q 0 0 0 rg BT 164.30 84.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 190.13 84.60 Td (could ) Tj ET Q q 0 0 0 rg BT 214.85 84.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 255.66 84.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 285.38 84.60 Td (our ) Tj ET Q q 0 0 0 rg BT 301.21 84.60 Td (business ) Tj ET Q q 0 0 0 rg BT 337.60 84.60 Td (and ) Tj ET Q q 0 0 0 rg BT 354.54 84.60 Td (its ) Tj ET Q q 0 0 0 rg BT 366.48 84.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 394.54 84.60 Td (to ) Tj ET Q q 0 0 0 rg BT 404.81 84.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 441.19 84.60 Td (ef) Tj ET Q q 0 0 0 rg BT 448.77 84.60 Td (fectively) Tj ET Q q 0 0 0 rg BT 483.10 84.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 63.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 63.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.28 63.60 Td (also ) Tj ET Q q 0 0 0 rg BT 138.60 63.60 Td (may ) Tj ET Q q 0 0 0 rg BT 158.02 63.60 Td (be ) Tj ET Q q 0 0 0 rg BT 169.66 63.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 200.20 63.60 Td (to ) Tj ET Q q 0 0 0 rg BT 210.18 63.60 Td (costly ) Tj ET Q q 0 0 0 rg BT 236.27 63.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 274.59 63.60 Td (in ) Tj ET Q q 0 0 0 rg BT 284.57 63.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.99 63.60 Td (event ) Tj ET Q q 0 0 0 rg BT 322.86 63.60 Td (that ) Tj ET Q q 0 0 0 rg BT 340.06 63.60 Td (another ) Tj ET Q q 0 0 0 rg BT 372.25 63.60 Td (party ) Tj ET Q q 0 0 0 rg BT 395.00 63.60 Td (alleges ) Tj ET Q q 0 0 0 rg BT 424.97 63.60 Td (our ) Tj ET Q q 0 0 0 rg BT 440.51 63.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 484.37 63.60 Td (or ) Tj ET Q q 0 0 0 rg BT 494.90 63.60 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 51.60 Td (infringe ) Tj ET Q q 0 0 0 rg BT 114.92 51.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 137.19 51.60 Td (that ) Tj ET Q q 0 0 0 rg BT 154.45 51.60 Td (party) Tj ET Q q 0 0 0 rg BT 177.78 51.60 Td (s ) Tj ET Q q 0 0 0 rg BT 183.94 51.60 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 230.63 51.60 Td (property ) Tj ET Q q 0 0 0 rg BT 266.78 51.60 Td (rights. ) Tj ET Q q 0 0 0 rg BT 294.16 51.60 Td (W) Tj ET Q q 0 0 0 rg BT 302.80 51.60 Td (e ) Tj ET Q q 0 0 0 rg BT 309.50 51.60 Td (may ) Tj ET Q q 0 0 0 rg BT 328.99 51.60 Td (also ) Tj ET Q q 0 0 0 rg BT 347.36 51.60 Td (be ) Tj ET Q q 0 0 0 rg BT 359.07 51.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 389.66 51.60 Td (to ) Tj ET Q q 0 0 0 rg BT 399.71 51.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 428.08 51.60 Td (by ) Tj ET Q q 0 0 0 rg BT 440.35 51.60 Td (third ) Tj ET Q q 0 0 0 rg BT 461.50 51.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 490.43 51.60 Td (for ) Tj ET Q q 0 0 0 rg BT 504.36 51.60 Td (breach ) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.28 735.60 Td (copyright, ) Tj ET Q q 0 0 0 rg BT 136.05 735.60 Td (trademark, ) Tj ET Q q 0 0 0 rg BT 182.03 735.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 204.97 735.60 Td (secret ) Tj ET Q q 0 0 0 rg BT 231.23 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 242.51 735.60 Td (license ) Tj ET Q q 0 0 0 rg BT 273.22 735.60 Td (usage ) Tj ET Q q 0 0 0 rg BT 298.94 735.60 Td (rights. ) Tj ET Q q 0 0 0 rg BT 326.51 735.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 346.68 735.60 Td (such ) Tj ET Q q 0 0 0 rg BT 367.96 735.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 397.01 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 414.40 735.60 Td (any ) Tj ET Q q 0 0 0 rg BT 431.79 735.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 469.73 735.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 508.79 735.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (result ) Tj ET Q q 0 0 0 rg BT 105.51 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 115.58 723.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 160.09 723.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 194.59 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 211.33 723.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 244.73 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 258.69 723.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 295.97 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 306.59 723.60 Td (we ) Tj ET Q q 0 0 0 rg BT 320.55 723.60 Td (could ) Tj ET Q q 0 0 0 rg BT 345.06 723.60 Td (be ) Tj ET Q q 0 0 0 rg BT 356.79 723.60 Td (enjoined ) Tj ET Q q 0 0 0 rg BT 393.52 723.60 Td (from ) Tj ET Q q 0 0 0 rg BT 415.25 723.60 Td (providing ) Tj ET Q q 0 0 0 rg BT 456.43 723.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 485.93 723.60 Td (products ) Tj ET Q q 0 0 0 rg BT 522.67 723.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (services ) Tj ET Q q 0 0 0 rg BT 114.92 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 124.42 711.60 Td (our ) Tj ET Q q 0 0 0 rg BT 139.46 711.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 181.73 711.60 Td (or ) Tj ET Q q 0 0 0 rg BT 191.77 711.60 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 226.82 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 242.98 711.60 Td (benefiting ) Tj ET Q q 0 0 0 rg BT 285.23 711.60 Td (from ) Tj ET Q q 0 0 0 rg BT 306.39 711.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 335.31 711.60 Td (methods, ) Tj ET Q q 0 0 0 rg BT 373.41 711.60 Td (processes, ) Tj ET Q q 0 0 0 rg BT 415.95 711.60 Td (copyrights, ) Tj ET Q q 0 0 0 rg BT 462.38 711.60 Td (trademarks, ) Tj ET Q q 0 0 0 rg BT 511.02 711.60 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (secrets ) Tj ET Q q 0 0 0 rg BT 111.31 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 122.75 699.60 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 160.01 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 171.44 699.60 Td (alternatively) Tj ET Q q 0 0 0 rg BT 220.77 699.60 Td (, ) Tj ET Q q 0 0 0 rg BT 226.38 699.60 Td (we ) Tj ET Q q 0 0 0 rg BT 241.14 699.60 Td (could ) Tj ET Q q 0 0 0 rg BT 266.46 699.60 Td (be ) Tj ET Q q 0 0 0 rg BT 279.01 699.60 Td (required ) Tj ET Q q 0 0 0 rg BT 315.43 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 326.31 699.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 349.40 699.60 Td (into ) Tj ET Q q 0 0 0 rg BT 368.07 699.60 Td (costly ) Tj ET Q q 0 0 0 rg BT 395.06 699.60 Td (licensing ) Tj ET Q q 0 0 0 rg BT 434.27 699.60 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 491.23 699.60 Td (with ) Tj ET Q q 0 0 0 rg BT 512.12 699.60 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (parties, ) Tj ET Q q 0 0 0 rg BT 113.77 687.60 Td (all ) Tj ET Q q 0 0 0 rg BT 127.38 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.32 687.60 Td (which ) Tj ET Q q 0 0 0 rg BT 167.38 687.60 Td (could ) Tj ET Q q 0 0 0 rg BT 193.21 687.60 Td (have ) Tj ET Q q 0 0 0 rg BT 215.70 687.60 Td (a ) Tj ET Q q 0 0 0 rg BT 223.75 687.60 Td (material ) Tj ET Q q 0 0 0 rg BT 260.13 687.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 294.28 687.60 Td (ef) Tj ET Q q 0 0 0 rg BT 301.87 687.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 320.47 687.60 Td (on ) Tj ET Q q 0 0 0 rg BT 334.08 687.60 Td (our ) Tj ET Q q 0 0 0 rg BT 351.03 687.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 391.03 687.60 Td (results ) Tj ET Q q 0 0 0 rg BT 420.76 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.70 687.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 477.97 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.02 687.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (condition. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 650.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.15 650.10 Td (e ) Tj ET Q q 0 0 0 rg BT 95.73 650.10 Td (are ) Tj ET Q q 0 0 0 rg BT 111.21 650.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 146.12 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.04 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.97 650.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 192.57 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.04 650.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 235.76 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.46 650.10 Td (man-made ) Tj ET Q q 0 0 0 rg BT 299.50 650.10 Td (catastrophes, ) Tj ET Q q 0 0 0 rg BT 355.81 650.10 Td (pandemics ) Tj ET Q q 0 0 0 rg BT 401.84 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.55 650.10 Td (malicious ) Tj ET Q q 0 0 0 rg BT 461.70 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.41 650.10 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 514.89 650.10 Td (acts ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 638.10 Td (that ) Tj ET Q q 0 0 0 rg BT 99.62 638.10 Td (could ) Tj ET Q q 0 0 0 rg BT 124.90 638.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 169.06 638.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 209.87 638.10 Td (af) Tj ET Q q 0 0 0 rg BT 218.02 638.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 235.51 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.46 638.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 292.47 638.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 332.20 638.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 373.60 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.66 638.10 Td (results ) Tj ET Q q 0 0 0 rg BT 421.39 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.22 638.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 614.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 137.04 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.04 614.10 Td (man-made ) Tj ET Q q 0 0 0 rg BT 200.80 614.10 Td (catastrophes, ) Tj ET Q q 0 0 0 rg BT 256.28 614.10 Td (pandemics ) Tj ET Q q 0 0 0 rg BT 302.60 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.59 614.10 Td (malicious ) Tj ET Q q 0 0 0 rg BT 363.03 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.03 614.10 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 416.24 614.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 435.35 614.10 Td (present ) Tj ET Q q 0 0 0 rg BT 467.78 614.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 490.23 614.10 Td (that ) Tj ET Q q 0 0 0 rg BT 508.78 614.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 602.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 124.26 602.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 165.31 602.10 Td (af) Tj ET Q q 0 0 0 rg BT 172.89 602.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 190.61 602.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.66 602.10 Td (results ) Tj ET Q q 0 0 0 rg BT 235.50 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.56 602.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 292.84 602.10 Td (A) Tj ET Q q 0 0 0 rg BT 299.51 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.23 602.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 332.72 602.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.78 602.10 Td (man-made ) Tj ET Q q 0 0 0 rg BT 388.71 602.10 Td (catastrophe, ) Tj ET Q q 0 0 0 rg BT 439.47 602.10 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 481.07 602.10 Td (or ) Tj ET Q q 0 0 0 rg BT 492.13 602.10 Td (malicious ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 590.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.93 590.10 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 128.18 590.10 Td (act ) Tj ET Q q 0 0 0 rg BT 143.43 590.10 Td (could ) Tj ET Q q 0 0 0 rg BT 169.25 590.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 213.38 590.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 255.30 590.10 Td (af) Tj ET Q q 0 0 0 rg BT 262.88 590.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 281.47 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.28 590.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 337.54 590.10 Td (or ) Tj ET Q q 0 0 0 rg BT 349.47 590.10 Td (morbidity ) Tj ET Q q 0 0 0 rg BT 392.51 590.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 439.41 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.33 590.10 Td (our ) Tj ET Q q 0 0 0 rg BT 468.26 590.10 Td (business ) Tj ET Q q 0 0 0 rg BT 505.75 590.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.68 590.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 578.10 Td (reinsurers. ) Tj ET Q q 0 0 0 rg BT 126.28 578.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 149.64 578.10 Td (events ) Tj ET Q q 0 0 0 rg BT 178.54 578.10 Td (could ) Tj ET Q q 0 0 0 rg BT 204.12 578.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 245.79 578.10 Td (af) Tj ET Q q 0 0 0 rg BT 253.38 578.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 271.72 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.29 578.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 327.31 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.10 578.10 Td (morbidity ) Tj ET Q q 0 0 0 rg BT 387.90 578.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 434.56 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.24 578.10 Td (our ) Tj ET Q q 0 0 0 rg BT 462.93 578.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 502.68 578.10 Td (Claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 566.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 110.53 566.10 Td (from ) Tj ET Q q 0 0 0 rg BT 132.28 566.10 Td (such ) Tj ET Q q 0 0 0 rg BT 152.92 566.10 Td (events ) Tj ET Q q 0 0 0 rg BT 180.78 566.10 Td (could ) Tj ET Q q 0 0 0 rg BT 205.31 566.10 Td (have ) Tj ET Q q 0 0 0 rg BT 226.50 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.25 566.10 Td (material ) Tj ET Q q 0 0 0 rg BT 268.32 566.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 301.17 566.10 Td (ef) Tj ET Q q 0 0 0 rg BT 308.76 566.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 326.05 566.10 Td (on ) Tj ET Q q 0 0 0 rg BT 338.37 566.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.01 566.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 392.71 566.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 436.68 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.43 566.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 490.72 566.10 Td (condition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 554.10 Td (either ) Tj ET Q q 0 0 0 rg BT 106.43 554.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 139.64 554.10 Td (or ) Tj ET Q q 0 0 0 rg BT 150.63 554.10 Td (as ) Tj ET Q q 0 0 0 rg BT 161.63 554.10 Td (a ) Tj ET Q q 0 0 0 rg BT 168.73 554.10 Td (result ) Tj ET Q q 0 0 0 rg BT 193.61 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.61 554.10 Td (their ) Tj ET Q q 0 0 0 rg BT 225.60 554.10 Td (ef) Tj ET Q q 0 0 0 rg BT 233.18 554.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 250.83 554.10 Td (on ) Tj ET Q q 0 0 0 rg BT 263.50 554.10 Td (our ) Tj ET Q q 0 0 0 rg BT 279.50 554.10 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 321.59 554.10 Td (or ) Tj ET Q q 0 0 0 rg BT 332.58 554.10 Td (other ) Tj ET Q q 0 0 0 rg BT 355.80 554.10 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 417.60 554.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 440.27 554.10 Td (events ) Tj ET Q q 0 0 0 rg BT 468.48 554.10 Td (could ) Tj ET Q q 0 0 0 rg BT 493.36 554.10 Td (also ) Tj ET Q q 0 0 0 rg BT 512.13 554.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 542.10 Td (an ) Tj ET Q q 0 0 0 rg BT 93.42 542.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 126.94 542.10 Td (ef) Tj ET Q q 0 0 0 rg BT 134.53 542.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 152.50 542.10 Td (on ) Tj ET Q q 0 0 0 rg BT 165.48 542.10 Td (lapses ) Tj ET Q q 0 0 0 rg BT 192.90 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.32 542.10 Td (surrenders ) Tj ET Q q 0 0 0 rg BT 254.95 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.27 542.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 300.91 542.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 337.50 542.10 Td (as ) Tj ET Q q 0 0 0 rg BT 348.81 542.10 Td (well ) Tj ET Q q 0 0 0 rg BT 369.01 542.10 Td (as ) Tj ET Q q 0 0 0 rg BT 380.32 542.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 402.74 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.06 542.10 Td (new ) Tj ET Q q 0 0 0 rg BT 433.70 542.10 Td (policies. ) Tj ET Q q 0 0 0 rg BT 470.07 542.10 Td (While ) Tj ET Q q 0 0 0 rg BT 497.49 542.10 Td (we ) Tj ET Q q 0 0 0 rg BT 512.13 542.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 530.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 105.45 530.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 128.24 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.81 530.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 172.71 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.94 530.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 223.82 530.10 Td (these ) Tj ET Q q 0 0 0 rg BT 247.16 530.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 271.34 530.10 Td (such ) Tj ET Q q 0 0 0 rg BT 292.47 530.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 314.15 530.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 343.60 530.10 Td (be ) Tj ET Q q 0 0 0 rg BT 355.83 530.10 Td (predicted ) Tj ET Q q 0 0 0 rg BT 395.82 530.10 Td (with ) Tj ET Q q 0 0 0 rg BT 416.39 530.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 450.72 530.10 Td (, ) Tj ET Q q 0 0 0 rg BT 456.01 530.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 472.14 530.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 493.82 530.10 Td (protected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 518.10 Td (against ) Tj ET Q q 0 0 0 rg BT 111.22 518.10 Td (even ) Tj ET Q q 0 0 0 rg BT 132.00 518.10 Td (if ) Tj ET Q q 0 0 0 rg BT 140.01 518.10 Td (anticipated. ) Tj ET Q q 0 0 0 rg BT 188.28 518.10 Td (In ) Tj ET Q q 0 0 0 rg BT 198.50 518.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 235.68 518.10 Td (such ) Tj ET Q q 0 0 0 rg BT 255.91 518.10 Td (events ) Tj ET Q q 0 0 0 rg BT 283.35 518.10 Td (could ) Tj ET Q q 0 0 0 rg BT 307.47 518.10 Td (result ) Tj ET Q q 0 0 0 rg BT 331.59 518.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.26 518.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 370.93 518.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 436.68 518.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 474.69 518.10 Td (or ) Tj ET Q q 0 0 0 rg BT 484.92 518.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 533.51 518.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 506.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.91 506.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 122.80 506.10 Td (or ) Tj ET Q q 0 0 0 rg BT 132.61 506.10 Td (halt ) Tj ET Q q 0 0 0 rg BT 149.08 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.34 506.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 198.68 506.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 230.15 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.41 506.10 Td (lar) Tj ET Q q 0 0 0 rg BT 249.77 506.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 260.69 506.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 306.59 506.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 331.10 506.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 370.89 506.10 Td (af) Tj ET Q q 0 0 0 rg BT 378.48 506.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 407.72 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.41 506.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 463.43 506.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.24 506.10 Td (administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 494.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.30 494.10 Td (our ) Tj ET Q q 0 0 0 rg BT 106.60 494.10 Td (business ) Tj ET Q q 0 0 0 rg BT 142.46 494.10 Td (within ) Tj ET Q q 0 0 0 rg BT 169.99 494.10 Td (such ) Tj ET Q q 0 0 0 rg BT 190.28 494.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 236.68 494.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 259.18 494.10 Td (or ) Tj ET Q q 0 0 0 rg BT 269.48 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.67 494.10 Td (general ) Tj ET Q q 0 0 0 rg BT 315.06 494.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 355.90 494.10 Td (climate, ) Tj ET Q q 0 0 0 rg BT 389.80 494.10 Td (which ) Tj ET Q q 0 0 0 rg BT 416.21 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.96 494.10 Td (turn ) Tj ET Q q 0 0 0 rg BT 444.03 494.10 Td (could ) Tj ET Q q 0 0 0 rg BT 468.22 494.10 Td (have ) Tj ET Q q 0 0 0 rg BT 489.07 494.10 Td (an ) Tj ET Q q 0 0 0 rg BT 500.47 494.10 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 482.10 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 482.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 106.84 482.10 Td (on ) Tj ET Q q 0 0 0 rg BT 120.11 482.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.71 482.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 176.37 482.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 221.29 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.00 482.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.25 482.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 320.55 482.10 Td (The ) Tj ET Q q 0 0 0 rg BT 339.37 482.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 375.41 482.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 442.54 482.10 Td (ef) Tj ET Q q 0 0 0 rg BT 450.13 482.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 472.27 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.87 482.10 Td (such ) Tj ET Q q 0 0 0 rg BT 505.47 482.10 Td (events ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 470.10 Td (could ) Tj ET Q q 0 0 0 rg BT 105.72 470.10 Td (also ) Tj ET Q q 0 0 0 rg BT 124.33 470.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 165.14 470.10 Td (af) Tj ET Q q 0 0 0 rg BT 172.73 470.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 190.21 470.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.04 470.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 227.98 470.10 Td (portfolio. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 444.60 Td (W) Tj ET Q q 0 0 0 rg BT 89.15 444.60 Td (e ) Tj ET Q q 0 0 0 rg BT 96.38 444.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 129.72 444.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.85 444.60 Td (a ) Tj ET Q q 0 0 0 rg BT 148.64 444.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 177.55 444.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 226.98 444.60 Td (industry) Tj ET Q q 0 0 0 rg BT 260.51 444.60 Td (, ) Tj ET Q q 0 0 0 rg BT 265.80 444.60 Td (which ) Tj ET Q q 0 0 0 rg BT 293.60 444.60 Td (could ) Tj ET Q q 0 0 0 rg BT 319.17 444.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 340.85 444.60 Td (our ) Tj ET Q q 0 0 0 rg BT 358.10 444.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 386.44 444.60 Td (to ) Tj ET Q q 0 0 0 rg BT 397.01 444.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 418.14 444.60 Td (or ) Tj ET Q q 0 0 0 rg BT 429.82 444.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 469.85 444.60 Td (our ) Tj ET Q q 0 0 0 rg BT 487.09 444.60 Td (position ) Tj ET Q q 0 0 0 rg BT 522.67 444.60 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 432.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.28 432.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 132.68 432.60 Td (and ) Tj ET Q q 0 0 0 rg BT 150.74 432.60 Td (could ) Tj ET Q q 0 0 0 rg BT 176.02 432.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 220.18 432.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 261.00 432.60 Td (af) Tj ET Q q 0 0 0 rg BT 269.14 432.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 286.63 432.60 Td (our ) Tj ET Q q 0 0 0 rg BT 303.58 432.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 343.60 432.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 383.32 432.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 424.72 432.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.78 432.60 Td (results ) Tj ET Q q 0 0 0 rg BT 472.51 432.60 Td (of ) Tj ET Q q 0 0 0 rg BT 483.34 432.60 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 416.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 416.10 Td (e ) Tj ET Q q 0 0 0 rg BT 120.12 416.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 151.59 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.41 416.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.89 416.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 195.49 416.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 244.74 416.10 Td (industry) Tj ET Q q 0 0 0 rg BT 276.87 416.10 Td (. ) Tj ET Q q 0 0 0 rg BT 281.27 416.10 Td (W) Tj ET Q q 0 0 0 rg BT 289.90 416.10 Td (e ) Tj ET Q q 0 0 0 rg BT 296.39 416.10 Td (encounter ) Tj ET Q q 0 0 0 rg BT 337.85 416.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 382.11 416.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 431.92 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.74 416.10 Td (all ) Tj ET Q q 0 0 0 rg BT 453.78 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.15 416.10 Td (our ) Tj ET Q q 0 0 0 rg BT 479.53 416.10 Td (product ) Tj ET Q q 0 0 0 rg BT 512.12 416.10 Td (lines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 404.10 Td (from ) Tj ET Q q 0 0 0 rg BT 103.65 404.10 Td (other ) Tj ET Q q 0 0 0 rg BT 127.40 404.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 168.92 404.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 217.39 404.10 Td (many ) Tj ET Q q 0 0 0 rg BT 242.82 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.35 404.10 Td (which ) Tj ET Q q 0 0 0 rg BT 282.00 404.10 Td (have ) Tj ET Q q 0 0 0 rg BT 304.08 404.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 335.04 404.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 373.23 404.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 414.20 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.84 404.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 460.60 404.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.78 404.10 Td (strength ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 110.42 392.10 Td (than ) Tj ET Q q 0 0 0 rg BT 129.83 392.10 Td (us ) Tj ET Q q 0 0 0 rg BT 140.92 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.56 392.10 Td (which ) Tj ET Q q 0 0 0 rg BT 184.20 392.10 Td (may ) Tj ET Q q 0 0 0 rg BT 203.61 392.10 Td (have ) Tj ET Q q 0 0 0 rg BT 224.69 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.32 392.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 261.28 392.10 Td (market ) Tj ET Q q 0 0 0 rg BT 291.24 392.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 317.04 392.10 Td (of) Tj ET Q q 0 0 0 rg BT 325.19 392.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 338.48 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.12 392.10 Td (broader ) Tj ET Q q 0 0 0 rg BT 377.86 392.10 Td (range ) Tj ET Q q 0 0 0 rg BT 402.26 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.79 392.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 451.93 392.10 Td (services ) Tj ET Q q 0 0 0 rg BT 486.33 392.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.86 392.10 Td (features, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 380.10 Td (assume ) Tj ET Q q 0 0 0 rg BT 112.68 380.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.36 380.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 149.36 380.10 Td (level ) Tj ET Q q 0 0 0 rg BT 171.04 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.61 380.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 201.36 380.10 Td (have ) Tj ET Q q 0 0 0 rg BT 222.48 380.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 247.49 380.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 287.50 380.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.07 380.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 338.08 380.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 362.82 380.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.40 380.10 Td (have ) Tj ET Q q 0 0 0 rg BT 394.52 380.10 Td (dif) Tj ET Q q 0 0 0 rg BT 405.44 380.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 431.00 380.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 481.01 380.10 Td (expectations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 368.10 Td (than ) Tj ET Q q 0 0 0 rg BT 100.72 368.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 114.61 368.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 167.11 368.10 Td (could ) Tj ET Q q 0 0 0 rg BT 191.83 368.10 Td (result ) Tj ET Q q 0 0 0 rg BT 216.54 368.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 229.32 368.10 Td (among ) Tj ET Q q 0 0 0 rg BT 259.04 368.10 Td (other ) Tj ET Q q 0 0 0 rg BT 282.08 368.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 311.53 368.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 336.80 368.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 358.74 368.10 Td (or ) Tj ET Q q 0 0 0 rg BT 369.57 368.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 397.62 368.10 Td (lapses ) Tj ET Q q 0 0 0 rg BT 424.55 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.38 368.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 469.55 368.10 Td (products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 347.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.94 347.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 155.33 347.10 Td (products ) Tj ET Q q 0 0 0 rg BT 192.16 347.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 228.42 347.10 Td (with ) Tj ET Q q 0 0 0 rg BT 248.59 347.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 271.52 347.10 Td (indexed, ) Tj ET Q q 0 0 0 rg BT 308.07 347.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 331.01 347.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 348.38 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.21 347.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 399.80 347.10 Td (annuities ) Tj ET Q q 0 0 0 rg BT 438.30 347.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 457.36 347.10 Td (by ) Tj ET Q q 0 0 0 rg BT 469.75 347.10 Td (other ) Tj ET Q q 0 0 0 rg BT 492.68 347.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 335.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 128.41 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.49 335.10 Td (also ) Tj ET Q q 0 0 0 rg BT 168.24 335.10 Td (with ) Tj ET Q q 0 0 0 rg BT 190.67 335.10 Td (mutual ) Tj ET Q q 0 0 0 rg BT 223.08 335.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 246.06 335.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 287.64 335.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 333.39 335.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 357.47 335.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 409.89 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.97 335.10 Td (other ) Tj ET Q q 0 0 0 rg BT 454.16 335.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 499.89 335.10 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 323.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 129.79 323.10 Td (of) Tj ET Q q 0 0 0 rg BT 137.94 323.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 161.17 323.10 Td (by ) Tj ET Q q 0 0 0 rg BT 173.87 323.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 196.00 323.10 Td (managers, ) Tj ET Q q 0 0 0 rg BT 239.52 323.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 265.55 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.68 323.10 Td (broker) Tj ET Q q 0 0 0 rg BT 308.58 323.10 Td (-dealers. ) Tj ET Q q 0 0 0 rg BT 345.42 323.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 363.67 323.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 404.69 323.10 Td (products ) Tj ET Q q 0 0 0 rg BT 441.82 323.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 478.39 323.10 Td (with ) Tj ET Q q 0 0 0 rg BT 498.87 323.10 Td (those ) Tj ET Q q 0 0 0 rg BT 522.67 323.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 311.10 Td (other ) Tj ET Q q 0 0 0 rg BT 103.74 311.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 144.25 311.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 191.70 311.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.88 311.10 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 288.27 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.90 311.10 Td (other ) Tj ET Q q 0 0 0 rg BT 327.64 311.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 374.28 311.10 Td (based ) Tj ET Q q 0 0 0 rg BT 399.24 311.10 Td (on ) Tj ET Q q 0 0 0 rg BT 411.43 311.10 Td (a ) Tj ET Q q 0 0 0 rg BT 418.07 311.10 Td (number ) Tj ET Q q 0 0 0 rg BT 450.80 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.33 311.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 493.23 311.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 299.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 119.82 299.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 143.92 299.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 171.64 299.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 196.58 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.74 299.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 260.62 299.10 Td (service ) Tj ET Q q 0 0 0 rg BT 291.66 299.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 329.93 299.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.43 299.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 389.26 299.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 426.97 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.13 299.10 Td (policyholders, ) Tj ET Q q 0 0 0 rg BT 503.78 299.10 Td (ratings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 287.10 Td (by ) Tj ET Q q 0 0 0 rg BT 93.50 287.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 119.33 287.10 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 158.75 287.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 201.79 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.73 287.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 269.56 287.10 Td (structures. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 266.10 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 164.19 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.04 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.33 266.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 231.72 266.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 267.58 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.09 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.95 266.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 345.13 266.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 383.19 266.10 Td (may ) Tj ET Q q 0 0 0 rg BT 403.49 266.10 Td (result ) Tj ET Q q 0 0 0 rg BT 428.78 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.63 266.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 483.80 266.10 Td (competitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.10 Td (pressures ) Tj ET Q q 0 0 0 rg BT 120.25 254.10 Td (on ) Tj ET Q q 0 0 0 rg BT 132.28 254.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 145.71 254.10 Td (Lar) Tj ET Q q 0 0 0 rg BT 159.41 254.10 Td (ger) Tj ET Q q 0 0 0 rg BT 171.77 254.10 Td (, ) Tj ET Q q 0 0 0 rg BT 176.31 254.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 221.11 254.10 Td (more ) Tj ET Q q 0 0 0 rg BT 243.69 254.10 Td (ef) Tj ET Q q 0 0 0 rg BT 251.28 254.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 278.86 254.10 Td (or) Tj ET Q q 0 0 0 rg BT 287.01 254.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 334.59 254.10 Td (may ) Tj ET Q q 0 0 0 rg BT 353.84 254.10 Td (emer) Tj ET Q q 0 0 0 rg BT 373.64 254.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 385.12 254.10 Td (from ) Tj ET Q q 0 0 0 rg BT 406.59 254.10 Td (such ) Tj ET Q q 0 0 0 rg BT 426.96 254.10 Td (consolidation. ) Tj ET Q q 0 0 0 rg BT 485.37 254.10 Td (In ) Tj ET Q q 0 0 0 rg BT 495.74 254.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 242.10 Td (some ) Tj ET Q q 0 0 0 rg BT 104.47 242.10 Td (mutual ) Tj ET Q q 0 0 0 rg BT 134.61 242.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 175.28 242.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 220.41 242.10 Td (have ) Tj ET Q q 0 0 0 rg BT 241.65 242.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 283.44 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.58 242.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 317.05 242.10 Td (ownership, ) Tj ET Q q 0 0 0 rg BT 363.57 242.10 Td (which ) Tj ET Q q 0 0 0 rg BT 390.37 242.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 413.84 242.10 Td (them ) Tj ET Q q 0 0 0 rg BT 436.20 242.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 466.31 242.10 Td (access ) Tj ET Q q 0 0 0 rg BT 494.21 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.35 242.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 230.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 114.17 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.12 230.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 159.39 230.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 186.46 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.75 230.10 Td (compete. ) Tj ET Q q 0 0 0 rg BT 233.53 230.10 Td (The ) Tj ET Q q 0 0 0 rg BT 250.59 230.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 277.66 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.50 230.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 312.35 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.64 230.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 355.91 230.10 Td (their ) Tj ET Q q 0 0 0 rg BT 375.75 230.10 Td (securities-related ) Tj ET Q q 0 0 0 rg BT 445.56 230.10 Td (business ) Tj ET Q q 0 0 0 rg BT 480.97 230.10 Td (or ) Tj ET Q q 0 0 0 rg BT 490.82 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.11 230.10 Td (af) Tj ET Q q 0 0 0 rg BT 507.70 230.10 Td (filiate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 218.10 Td (with ) Tj ET Q q 0 0 0 rg BT 100.19 218.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 139.91 218.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 184.09 218.10 Td (may ) Tj ET Q q 0 0 0 rg BT 202.71 218.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 244.66 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.51 218.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 300.24 218.10 Td (af) Tj ET Q q 0 0 0 rg BT 307.82 218.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 324.22 218.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 345.07 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.81 218.10 Td (all ) Tj ET Q q 0 0 0 rg BT 366.21 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.95 218.10 Td (our ) Tj ET Q q 0 0 0 rg BT 390.69 218.10 Td (products ) Tj ET Q q 0 0 0 rg BT 426.54 218.10 Td (by ) Tj ET Q q 0 0 0 rg BT 437.95 218.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 489.92 218.10 Td (increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.53 206.10 Td (number ) Tj ET Q q 0 0 0 rg BT 128.40 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.15 206.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.45 206.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 216.98 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.63 206.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 264.93 206.10 Td (competitors. ) Tj ET Q q 0 0 0 rg BT 316.96 206.10 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 375.39 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.14 206.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 435.01 206.10 Td (among ) Tj ET Q q 0 0 0 rg BT 464.54 206.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 492.68 206.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 194.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 126.56 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.80 194.10 Td (other ) Tj ET Q q 0 0 0 rg BT 167.15 194.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 204.93 194.10 Td (services ) Tj ET Q q 0 0 0 rg BT 239.93 194.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 285.50 194.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.07 194.10 Td (which ) Tj ET Q q 0 0 0 rg BT 333.31 194.10 Td (we ) Tj ET Q q 0 0 0 rg BT 347.77 194.10 Td (do ) Tj ET Q q 0 0 0 rg BT 360.57 194.10 Td (business ) Tj ET Q q 0 0 0 rg BT 397.26 194.10 Td (could ) Tj ET Q q 0 0 0 rg BT 422.28 194.10 Td (also ) Tj ET Q q 0 0 0 rg BT 441.19 194.10 Td (have ) Tj ET Q q 0 0 0 rg BT 462.86 194.10 Td (an ) Tj ET Q q 0 0 0 rg BT 475.10 194.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 508.44 194.10 Td (ef) Tj ET Q q 0 0 0 rg BT 516.02 194.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 182.10 Td (on ) Tj ET Q q 0 0 0 rg BT 92.63 182.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.60 182.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 145.63 182.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 188.92 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.99 182.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.60 182.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 281.01 182.10 Td (if ) Tj ET Q q 0 0 0 rg BT 288.76 182.10 Td (they ) Tj ET Q q 0 0 0 rg BT 307.61 182.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 340.90 182.10 Td (more ) Tj ET Q q 0 0 0 rg BT 363.08 182.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 402.47 182.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 426.32 182.10 Td (than ) Tj ET Q q 0 0 0 rg BT 445.17 182.10 Td (we ) Tj ET Q q 0 0 0 rg BT 458.47 182.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 502.32 182.10 Td (of) Tj ET Q q 0 0 0 rg BT 510.47 182.10 Td (fered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 170.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.83 170.10 Td (if ) Tj ET Q q 0 0 0 rg BT 100.44 170.10 Td (they ) Tj ET Q q 0 0 0 rg BT 120.16 170.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 141.53 170.10 Td (not ) Tj ET Q q 0 0 0 rg BT 156.81 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.08 170.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 204.02 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.30 170.10 Td (do ) Tj ET Q q 0 0 0 rg BT 226.80 170.10 Td (business ) Tj ET Q q 0 0 0 rg BT 263.19 170.10 Td (with ) Tj ET Q q 0 0 0 rg BT 283.47 170.10 Td (us ) Tj ET Q q 0 0 0 rg BT 294.86 170.10 Td (following ) Tj ET Q q 0 0 0 rg BT 336.24 170.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 392.63 170.10 Td (or ) Tj ET Q q 0 0 0 rg BT 403.46 170.10 Td (expansion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 149.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 124.44 149.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 153.88 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.54 149.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 203.30 149.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.86 149.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 258.84 149.10 Td (upon, ) Tj ET Q q 0 0 0 rg BT 285.23 149.10 Td (among ) Tj ET Q q 0 0 0 rg BT 316.33 149.10 Td (other ) Tj ET Q q 0 0 0 rg BT 340.77 149.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 371.60 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 388.82 149.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 418.26 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.92 149.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 465.47 149.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 516.56 149.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 137.10 Td (profitable ) Tj ET Q q 0 0 0 rg BT 123.21 137.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 163.50 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 180.17 137.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 209.06 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.18 137.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 258.51 137.10 Td (low ) Tj ET Q q 0 0 0 rg BT 276.86 137.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 295.76 137.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 321.60 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.38 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.05 137.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 409.92 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.59 137.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 460.47 137.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.79 137.10 Td (strength ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 125.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 111.31 125.10 Td (from ) Tj ET Q q 0 0 0 rg BT 133.84 125.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 160.26 125.10 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 200.28 125.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 218.93 125.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 247.58 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.45 125.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 295.42 125.10 Td (is ) Tj ET Q q 0 0 0 rg BT 305.18 125.10 Td (also ) Tj ET Q q 0 0 0 rg BT 324.38 125.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 368.57 125.10 Td (upon, ) Tj ET Q q 0 0 0 rg BT 394.17 125.10 Td (among ) Tj ET Q q 0 0 0 rg BT 424.48 125.10 Td (other ) Tj ET Q q 0 0 0 rg BT 448.12 125.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 478.16 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 494.59 125.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 523.23 125.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 113.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 108.10 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.65 113.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 149.53 113.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 197.76 113.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 234.86 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.76 113.10 Td (market ) Tj ET Q q 0 0 0 rg BT 274.64 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.09 113.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 329.14 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.48 113.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 393.36 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 407.14 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 433.69 113.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.48 113.10 Td (vigorous. ) Tj ET Q q 0 0 0 rg BT 481.94 113.10 Td (W) Tj ET Q q 0 0 0 rg BT 490.58 113.10 Td (e ) Tj ET Q q 0 0 0 rg BT 497.14 113.10 Td (compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.22 101.10 Td (marketers ) Tj ET Q q 0 0 0 rg BT 139.21 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.21 101.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 186.32 101.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 227.10 101.10 Td (on ) Tj ET Q q 0 0 0 rg BT 240.66 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.44 101.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 280.01 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.90 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 308.79 101.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.34 101.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 385.63 101.10 Td (support ) Tj ET Q q 0 0 0 rg BT 419.19 101.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 457.46 101.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 516.57 101.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 89.10 Td (product ) Tj ET Q q 0 0 0 rg BT 113.70 89.10 Td (features. ) Tj ET Q q 0 0 0 rg BT 150.00 89.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 172.15 89.10 Td (marketers ) Tj ET Q q 0 0 0 rg BT 213.73 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.32 89.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 258.02 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 277.38 89.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 312.86 89.10 Td (products ) Tj ET Q q 0 0 0 rg BT 349.45 89.10 Td (of) Tj ET Q q 0 0 0 rg BT 357.60 89.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 380.29 89.10 Td (by ) Tj ET Q q 0 0 0 rg BT 392.44 89.10 Td (other ) Tj ET Q q 0 0 0 rg BT 415.14 89.10 Td (life ) Tj ET Q q 0 0 0 rg BT 430.62 89.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 471.09 89.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 516.00 89.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 77.10 Td (may ) Tj ET Q q 0 0 0 rg BT 100.21 77.10 Td (of) Tj ET Q q 0 0 0 rg BT 108.35 77.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 121.44 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.87 77.10 Td (lar) Tj ET Q q 0 0 0 rg BT 138.24 77.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 152.99 77.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 182.75 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.06 77.10 Td (products ) Tj ET Q q 0 0 0 rg BT 229.49 77.10 Td (than ) Tj ET Q q 0 0 0 rg BT 248.70 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 262.35 77.10 Td (do. ) Tj ET Q q 0 0 0 rg BT 276.83 77.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 294.38 77.10 Td (competitiveness ) Tj ET Q q 0 0 0 rg BT 360.79 77.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.44 77.10 Td (such ) Tj ET Q q 0 0 0 rg BT 394.76 77.10 Td (marketers ) Tj ET Q q 0 0 0 rg BT 436.17 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.60 77.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 480.14 77.10 Td (also ) Tj ET Q q 0 0 0 rg BT 498.23 77.10 Td (depends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 65.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 103.32 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.87 65.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 159.62 65.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 213.05 65.10 Td (we ) Tj ET Q q 0 0 0 rg BT 227.04 65.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 261.01 65.10 Td (with ) Tj ET Q q 0 0 0 rg BT 281.12 65.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 305.94 65.10 Td (If ) Tj ET Q q 0 0 0 rg BT 314.92 65.10 Td (we ) Tj ET Q q 0 0 0 rg BT 328.91 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 343.44 65.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 372.42 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.52 65.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 409.82 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.59 65.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 451.67 65.10 Td (suf) Tj ET Q q 0 0 0 rg BT 463.71 65.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 491.58 65.10 Td (marketers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 53.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 125.99 53.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.26 53.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 152.65 53.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.48 53.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 207.92 53.10 Td (our ) Tj ET Q q 0 0 0 rg BT 223.75 53.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 251.80 53.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.08 53.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 298.45 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.39 53.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.22 53.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 369.26 53.10 Td (will ) Tj ET Q q 0 0 0 rg BT 387.31 53.10 Td (suf) Tj ET Q q 0 0 0 rg BT 399.35 53.10 Td (fer) Tj ET Q q 0 0 0 rg BT 409.90 53.10 Td (. ) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (41) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 99.51 735.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 126.89 735.75 Td (to ) Tj ET Q q 0 0 0 rg BT 136.50 735.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 175.57 735.75 Td (competitive ) Tj ET Q q 0 0 0 rg BT 224.05 735.75 Td (policy ) Tj ET Q q 0 0 0 rg BT 250.32 735.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 284.92 735.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 306.75 735.75 Td (is ) Tj ET Q q 0 0 0 rg BT 315.25 735.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 359.30 735.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 382.26 735.75 Td (the ) Tj ET Q q 0 0 0 rg BT 396.87 735.75 Td (level ) Tj ET Q q 0 0 0 rg BT 417.57 735.75 Td (of ) Tj ET Q q 0 0 0 rg BT 427.73 735.75 Td (new ) Tj ET Q q 0 0 0 rg BT 446.24 735.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 468.07 735.75 Td (and ) Tj ET Q q 0 0 0 rg BT 485.46 735.75 Td (persistency ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 723.75 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 723.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 126.56 723.75 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 707.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.79 707.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 150.58 707.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.60 707.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 197.83 707.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 247.27 707.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 274.51 707.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 308.95 707.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 331.19 707.25 Td (is ) Tj ET Q q 0 0 0 rg BT 340.10 707.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 383.43 707.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 405.67 707.25 Td (a ) Tj ET Q q 0 0 0 rg BT 412.35 707.25 Td (number ) Tj ET Q q 0 0 0 rg BT 445.13 707.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.70 707.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 487.65 707.25 Td (such ) Tj ET Q q 0 0 0 rg BT 508.22 707.25 Td (as ) Tj ET Q q 0 0 0 rg BT 518.79 707.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 695.25 Td (level ) Tj ET Q q 0 0 0 rg BT 103.15 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.20 695.25 Td (new ) Tj ET Q q 0 0 0 rg BT 133.58 695.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 158.24 695.25 Td (persistency ) Tj ET Q q 0 0 0 rg BT 205.95 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.00 695.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 251.38 695.25 Td (business ) Tj ET Q q 0 0 0 rg BT 287.99 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.15 695.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 340.08 695.25 Td (management. ) Tj ET Q q 0 0 0 rg BT 395.79 695.25 Td (A) Tj ET Q q 0 0 0 rg BT 402.46 695.25 Td ( ) Tj ET Q q 0 0 0 rg BT 405.18 695.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 442.31 695.25 Td (in ) Tj ET Q q 0 0 0 rg BT 452.81 695.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 474.97 695.25 Td (or ) Tj ET Q q 0 0 0 rg BT 486.02 695.25 Td (persistency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 683.25 Td (without ) Tj ET Q q 0 0 0 rg BT 114.06 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 121.00 683.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 180.70 683.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 220.97 683.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.24 683.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 269.84 683.25 Td (may ) Tj ET Q q 0 0 0 rg BT 289.56 683.25 Td (result ) Tj ET Q q 0 0 0 rg BT 314.28 683.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.55 683.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 352.60 683.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 380.10 683.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 414.80 683.25 Td (costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 662.25 Td (In ) Tj ET Q q 0 0 0 rg BT 115.46 662.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 152.86 662.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 177.75 662.25 Td (persistency ) Tj ET Q q 0 0 0 rg BT 224.86 662.25 Td (may ) Tj ET Q q 0 0 0 rg BT 244.21 662.25 Td (result ) Tj ET Q q 0 0 0 rg BT 268.55 662.25 Td (in ) Tj ET Q q 0 0 0 rg BT 278.45 662.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 306.13 662.25 Td (or ) Tj ET Q q 0 0 0 rg BT 316.58 662.25 Td (more ) Tj ET Q q 0 0 0 rg BT 339.26 662.25 Td (rapid ) Tj ET Q q 0 0 0 rg BT 361.93 662.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 414.59 662.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.90 662.25 Td (VOBA) Tj ET Q q 0 0 0 rg BT 452.68 662.25 Td ( ) Tj ET Q q 0 0 0 rg BT 454.81 662.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 479.43 662.25 Td (which ) Tj ET Q q 0 0 0 rg BT 506.00 662.25 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 650.25 Td (result ) Tj ET Q q 0 0 0 rg BT 105.49 650.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.54 650.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 143.36 650.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 161.19 650.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 183.46 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.17 650.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 225.22 650.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 260.80 650.25 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 298.95 650.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 339.00 650.25 Td (many ) Tj ET Q q 0 0 0 rg BT 363.49 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.10 650.25 Td (our ) Tj ET Q q 0 0 0 rg BT 389.70 650.25 Td (products ) Tj ET Q q 0 0 0 rg BT 426.41 650.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 458.12 650.25 Td (surrender ) Tj ET Q q 0 0 0 rg BT 498.15 650.25 Td (char) Tj ET Q q 0 0 0 rg BT 515.18 650.25 Td (ges, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 638.25 Td (such ) Tj ET Q q 0 0 0 rg BT 101.93 638.25 Td (char) Tj ET Q q 0 0 0 rg BT 118.96 638.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 134.89 638.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 171.90 638.25 Td (over ) Tj ET Q q 0 0 0 rg BT 192.27 638.25 Td (time ) Tj ET Q q 0 0 0 rg BT 212.64 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.68 638.25 Td (may ) Tj ET Q q 0 0 0 rg BT 249.50 638.25 Td (not ) Tj ET Q q 0 0 0 rg BT 264.88 638.25 Td (be ) Tj ET Q q 0 0 0 rg BT 276.92 638.25 Td (suf) Tj ET Q q 0 0 0 rg BT 288.96 638.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 317.10 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.48 638.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 352.28 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.10 638.25 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 419.68 638.25 Td (DAC ) Tj ET Q q 0 0 0 rg BT 443.40 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.25 638.25 Td (VOBA) Tj ET Q q 0 0 0 rg BT 488.03 638.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.63 638.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 513.23 638.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 626.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 111.43 626.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.32 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.65 626.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 176.07 626.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 203.18 626.25 Td (or ) Tj ET Q q 0 0 0 rg BT 213.62 626.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 245.73 626.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 280.04 626.25 Td (being ) Tj ET Q q 0 0 0 rg BT 304.37 626.25 Td (surrendered. ) Tj ET Q q 0 0 0 rg BT 356.18 626.25 Td (Refer ) Tj ET Q q 0 0 0 rg BT 380.50 626.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.39 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.72 626.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 440.14 626.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 472.24 626.25 Td (account ) Tj ET Q q 0 0 0 rg BT 505.45 626.25 Td (values ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 614.25 Td (surrender ) Tj ET Q q 0 0 0 rg BT 138.20 614.25 Td (char) Tj ET Q q 0 0 0 rg BT 155.22 614.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 167.16 614.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 210.20 614.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 253.25 614.25 Td (included ) Tj ET Q q 0 0 0 rg BT 290.18 614.25 Td (within ) Tj ET Q q 0 0 0 rg BT 318.24 614.25 Td ("Item ) Tj ET Q q 0 0 0 rg BT 343.15 614.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 353.15 614.25 Td (Business, ) Tj ET Q q 0 0 0 rg BT 393.71 614.25 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 418.99 614.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 439.26 614.25 Td (Annuities." ) Tj ET Q q 0 0 0 rg BT 487.23 614.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 588.75 Td (There ) Tj ET Q q 0 0 0 rg BT 107.09 588.75 Td (may ) Tj ET Q q 0 0 0 rg BT 125.95 588.75 Td (be ) Tj ET Q q 0 0 0 rg BT 137.04 588.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 169.79 588.75 Td (consequences ) Tj ET Q q 0 0 0 rg BT 228.10 588.75 Td (if ) Tj ET Q q 0 0 0 rg BT 235.86 588.75 Td (the ) Tj ET Q q 0 0 0 rg BT 250.29 588.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 302.49 588.75 Td (contractor ) Tj ET Q q 0 0 0 rg BT 346.92 588.75 Td (status ) Tj ET Q q 0 0 0 rg BT 372.47 588.75 Td (of ) Tj ET Q q 0 0 0 rg BT 382.45 588.75 Td (our ) Tj ET Q q 0 0 0 rg BT 398.55 588.75 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 424.10 588.75 Td (is ) Tj ET Q q 0 0 0 rg BT 432.42 588.75 Td (successfully ) Tj ET Q q 0 0 0 rg BT 483.50 588.75 Td (challenged. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 572.25 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 572.25 Td (e ) Tj ET Q q 0 0 0 rg BT 121.45 572.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 138.71 572.25 Td (our ) Tj ET Q q 0 0 0 rg BT 155.41 572.25 Td (products ) Tj ET Q q 0 0 0 rg BT 193.22 572.25 Td (through ) Tj ET Q q 0 0 0 rg BT 227.71 572.25 Td (a ) Tj ET Q q 0 0 0 rg BT 235.52 572.25 Td (network ) Tj ET Q q 0 0 0 rg BT 271.66 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.36 572.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.49 572.25 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.49 572.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.87 572.25 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 389.57 572.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 442.37 572.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.50 572.25 Td (35,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 560.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 132.35 560.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 160.38 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.31 560.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 219.22 560.25 Td (general ) Tj ET Q q 0 0 0 rg BT 251.13 560.25 Td (agents. ) Tj ET Q q 0 0 0 rg BT 281.48 560.25 Td (W) Tj ET Q q 0 0 0 rg BT 290.12 560.25 Td (e ) Tj ET Q q 0 0 0 rg BT 297.04 560.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 335.62 560.25 Td (treat ) Tj ET Q q 0 0 0 rg BT 355.86 560.25 Td (these ) Tj ET Q q 0 0 0 rg BT 378.89 560.25 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 404.71 560.25 Td (as ) Tj ET Q q 0 0 0 rg BT 415.52 560.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 466.88 560.25 Td (contractors ) Tj ET Q q 0 0 0 rg BT 513.78 560.25 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 548.25 Td (own ) Tj ET Q q 0 0 0 rg BT 100.55 548.25 Td (their ) Tj ET Q q 0 0 0 rg BT 121.21 548.25 Td (own ) Tj ET Q q 0 0 0 rg BT 140.76 548.25 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 187.81 548.25 Td (However) Tj ET Q q 0 0 0 rg BT 224.06 548.25 Td (, ) Tj ET Q q 0 0 0 rg BT 228.89 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.44 548.25 Td (tests ) Tj ET Q q 0 0 0 rg BT 263.55 548.25 Td (governing ) Tj ET Q q 0 0 0 rg BT 306.43 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.97 548.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 378.84 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.50 548.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 424.04 548.25 Td (an ) Tj ET Q q 0 0 0 rg BT 435.81 548.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 478.69 548.25 Td (is ) Tj ET Q q 0 0 0 rg BT 487.69 548.25 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 90.37 536.25 Td (be ) Tj ET Q q 0 0 0 rg BT 101.41 536.25 Td (an ) Tj ET Q q 0 0 0 rg BT 112.44 536.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 162.90 536.25 Td (contractor ) Tj ET Q q 0 0 0 rg BT 205.03 536.25 Td (or ) Tj ET Q q 0 0 0 rg BT 214.96 536.25 Td (an ) Tj ET Q q 0 0 0 rg BT 225.99 536.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 266.45 536.25 Td (are ) Tj ET Q q 0 0 0 rg BT 280.26 536.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 316.84 536.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 333.42 536.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 370.01 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.04 536.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 405.40 536.25 Td (from ) Tj ET Q q 0 0 0 rg BT 426.44 536.25 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 473.58 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.96 536.25 Td (jurisdiction. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 524.25 Td (Laws ) Tj ET Q q 0 0 0 rg BT 104.04 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.86 524.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 165.67 524.25 Td (that ) Tj ET Q q 0 0 0 rg BT 182.05 524.25 Td (govern ) Tj ET Q q 0 0 0 rg BT 211.20 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.80 524.25 Td (status ) Tj ET Q q 0 0 0 rg BT 248.96 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.67 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.27 524.25 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 296.98 524.25 Td (are ) Tj ET Q q 0 0 0 rg BT 310.57 524.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 340.28 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.43 524.25 Td (change ) Tj ET Q q 0 0 0 rg BT 379.13 524.25 Td (or ) Tj ET Q q 0 0 0 rg BT 388.84 524.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 444.09 524.25 Td (by ) Tj ET Q q 0 0 0 rg BT 455.47 524.25 Td (various ) Tj ET Q q 0 0 0 rg BT 486.29 524.25 Td (authorities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 512.25 Td (If ) Tj ET Q q 0 0 0 rg BT 89.85 512.25 Td (a ) Tj ET Q q 0 0 0 rg BT 96.47 512.25 Td (federal, ) Tj ET Q q 0 0 0 rg BT 128.91 512.25 Td (state ) Tj ET Q q 0 0 0 rg BT 149.42 512.25 Td (or ) Tj ET Q q 0 0 0 rg BT 159.93 512.25 Td (local ) Tj ET Q q 0 0 0 rg BT 181.55 512.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 219.84 512.25 Td (or ) Tj ET Q q 0 0 0 rg BT 230.36 512.25 Td (court ) Tj ET Q q 0 0 0 rg BT 253.09 512.25 Td (enacts ) Tj ET Q q 0 0 0 rg BT 280.26 512.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 324.10 512.25 Td (or ) Tj ET Q q 0 0 0 rg BT 334.62 512.25 Td (adopts ) Tj ET Q q 0 0 0 rg BT 362.91 512.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 409.53 512.25 Td (or ) Tj ET Q q 0 0 0 rg BT 420.05 512.25 Td (adopts ) Tj ET Q q 0 0 0 rg BT 448.34 512.25 Td (an ) Tj ET Q q 0 0 0 rg BT 459.96 512.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 516.01 512.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 500.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 117.78 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.57 500.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 169.13 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.49 500.25 Td (which ) Tj ET Q q 0 0 0 rg BT 210.50 500.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 257.84 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.85 500.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 330.30 500.25 Td (contractors ) Tj ET Q q 0 0 0 rg BT 379.30 500.25 Td (are ) Tj ET Q q 0 0 0 rg BT 396.08 500.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 438.42 500.25 Td (or ) Tj ET Q q 0 0 0 rg BT 451.33 500.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 481.45 500.25 Td (any ) Tj ET Q q 0 0 0 rg BT 500.46 500.25 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 488.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 140.24 488.25 Td (with ) Tj ET Q q 0 0 0 rg BT 161.73 488.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 193.75 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 205.23 488.25 Td (some ) Tj ET Q q 0 0 0 rg BT 230.05 488.25 Td (or ) Tj ET Q q 0 0 0 rg BT 242.08 488.25 Td (all ) Tj ET Q q 0 0 0 rg BT 255.79 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.82 488.25 Td (our ) Tj ET Q q 0 0 0 rg BT 284.86 488.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 337.44 488.25 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 388.07 488.25 Td (we ) Tj ET Q q 0 0 0 rg BT 403.43 488.25 Td (could ) Tj ET Q q 0 0 0 rg BT 429.35 488.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 453.61 488.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 499.53 488.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 523.23 488.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 476.25 Td (complying ) Tj ET Q q 0 0 0 rg BT 126.24 476.25 Td (with ) Tj ET Q q 0 0 0 rg BT 146.49 476.25 Td (such ) Tj ET Q q 0 0 0 rg BT 167.28 476.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 190.58 476.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 237.48 476.25 Td (or ) Tj ET Q q 0 0 0 rg BT 248.28 476.25 Td (interpretations, ) Tj ET Q q 0 0 0 rg BT 311.01 476.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 353.75 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 363.99 476.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 394.77 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.57 476.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 420.26 476.25 Td (withholding, ) Tj ET Q q 0 0 0 rg BT 473.56 476.25 Td (social ) Tj ET Q q 0 0 0 rg BT 499.35 476.25 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 464.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 121.51 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.13 464.25 Td (recordkeeping, ) Tj ET Q q 0 0 0 rg BT 200.01 464.25 Td (or ) Tj ET Q q 0 0 0 rg BT 210.53 464.25 Td (we ) Tj ET Q q 0 0 0 rg BT 224.37 464.25 Td (could ) Tj ET Q q 0 0 0 rg BT 248.77 464.25 Td (be ) Tj ET Q q 0 0 0 rg BT 260.40 464.25 Td (held ) Tj ET Q q 0 0 0 rg BT 279.80 464.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 304.20 464.25 Td (for ) Tj ET Q q 0 0 0 rg BT 318.04 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.44 464.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 362.95 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.47 464.25 Td (such ) Tj ET Q q 0 0 0 rg BT 393.98 464.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 445.04 464.25 Td (contractors ) Tj ET Q q 0 0 0 rg BT 491.65 464.25 Td (or ) Tj ET Q q 0 0 0 rg BT 502.16 464.25 Td (may ) Tj ET Q q 0 0 0 rg BT 521.57 464.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 452.25 Td (required ) Tj ET Q q 0 0 0 rg BT 116.09 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.65 452.25 Td (modify ) Tj ET Q q 0 0 0 rg BT 156.31 452.25 Td (our ) Tj ET Q q 0 0 0 rg BT 171.42 452.25 Td (business ) Tj ET Q q 0 0 0 rg BT 207.09 452.25 Td (model, ) Tj ET Q q 0 0 0 rg BT 236.36 452.25 Td (any ) Tj ET Q q 0 0 0 rg BT 252.58 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.68 452.25 Td (which ) Tj ET Q q 0 0 0 rg BT 288.90 452.25 Td (could ) Tj ET Q q 0 0 0 rg BT 312.89 452.25 Td (have ) Tj ET Q q 0 0 0 rg BT 333.55 452.25 Td (a ) Tj ET Q q 0 0 0 rg BT 339.76 452.25 Td (material ) Tj ET Q q 0 0 0 rg BT 374.30 452.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 406.62 452.25 Td (ef) Tj ET Q q 0 0 0 rg BT 414.20 452.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 430.97 452.25 Td (on ) Tj ET Q q 0 0 0 rg BT 442.74 452.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.85 452.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 496.02 452.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 440.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 121.68 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.03 440.25 Td (results ) Tj ET Q q 0 0 0 rg BT 168.04 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.28 440.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 226.34 440.25 Td (In ) Tj ET Q q 0 0 0 rg BT 237.58 440.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 275.76 440.25 Td (there ) Tj ET Q q 0 0 0 rg BT 298.66 440.25 Td (is ) Tj ET Q q 0 0 0 rg BT 308.23 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.36 440.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 341.27 440.25 Td (that ) Tj ET Q q 0 0 0 rg BT 359.17 440.25 Td (we ) Tj ET Q q 0 0 0 rg BT 373.74 440.25 Td (may ) Tj ET Q q 0 0 0 rg BT 393.86 440.25 Td (be ) Tj ET Q q 0 0 0 rg BT 406.21 440.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 437.44 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 448.13 440.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 493.25 440.25 Td (monetary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 428.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 120.99 428.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 150.97 428.25 Td (from ) Tj ET Q q 0 0 0 rg BT 173.18 428.25 Td (fines ) Tj ET Q q 0 0 0 rg BT 195.39 428.25 Td (or ) Tj ET Q q 0 0 0 rg BT 206.49 428.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 250.93 428.25 Td (as ) Tj ET Q q 0 0 0 rg BT 262.03 428.25 Td (a ) Tj ET Q q 0 0 0 rg BT 269.23 428.25 Td (result ) Tj ET Q q 0 0 0 rg BT 294.22 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.32 428.25 Td (any ) Tj ET Q q 0 0 0 rg BT 322.53 428.25 Td (such ) Tj ET Q q 0 0 0 rg BT 343.63 428.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 370.27 428.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.37 428.25 Td (alleged ) Tj ET Q q 0 0 0 rg BT 413.01 428.25 Td (non-compliance ) Tj ET Q q 0 0 0 rg BT 480.20 428.25 Td (with ) Tj ET Q q 0 0 0 rg BT 500.75 428.25 Td (federal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 416.25 Td (state ) Tj ET Q q 0 0 0 rg BT 101.24 416.25 Td (or ) Tj ET Q q 0 0 0 rg BT 111.48 416.25 Td (local ) Tj ET Q q 0 0 0 rg BT 132.83 416.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 146.96 416.25 Td (or ) Tj ET Q q 0 0 0 rg BT 157.21 416.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 209.11 416.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 231.85 416.25 Td (Further) Tj ET Q q 0 0 0 rg BT 260.89 416.25 Td (, ) Tj ET Q q 0 0 0 rg BT 265.31 416.25 Td (if ) Tj ET Q q 0 0 0 rg BT 273.33 416.25 Td (it ) Tj ET Q q 0 0 0 rg BT 280.80 416.25 Td (were ) Tj ET Q q 0 0 0 rg BT 302.14 416.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 349.04 416.25 Td (that ) Tj ET Q q 0 0 0 rg BT 365.95 416.25 Td (our ) Tj ET Q q 0 0 0 rg BT 381.19 416.25 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 406.44 416.25 Td (should ) Tj ET Q q 0 0 0 rg BT 435.02 416.25 Td (be ) Tj ET Q q 0 0 0 rg BT 446.38 416.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 475.49 416.25 Td (as ) Tj ET Q q 0 0 0 rg BT 485.74 416.25 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 404.25 Td (we ) Tj ET Q q 0 0 0 rg BT 95.16 404.25 Td (could ) Tj ET Q q 0 0 0 rg BT 119.88 404.25 Td (possibly ) Tj ET Q q 0 0 0 rg BT 155.72 404.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 178.76 404.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 221.25 404.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 260.97 404.25 Td (with ) Tj ET Q q 0 0 0 rg BT 281.25 404.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 312.06 404.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.34 404.25 Td (any ) Tj ET Q q 0 0 0 rg BT 339.28 404.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 382.87 404.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 424.24 404.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 454.51 404.25 Td (plan. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 378.75 Td (If ) Tj ET Q q 0 0 0 rg BT 91.01 378.75 Td (we ) Tj ET Q q 0 0 0 rg BT 104.91 378.75 Td (are ) Tj ET Q q 0 0 0 rg BT 121.04 378.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 152.17 378.75 Td (to ) Tj ET Q q 0 0 0 rg BT 162.74 378.75 Td (attract ) Tj ET Q q 0 0 0 rg BT 192.20 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 210.55 378.75 Td (retain ) Tj ET Q q 0 0 0 rg BT 237.79 378.75 Td (national ) Tj ET Q q 0 0 0 rg BT 275.04 378.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 320.06 378.75 Td (organizations ) Tj ET Q q 0 0 0 rg BT 378.98 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 397.34 378.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 450.68 378.75 Td (agents, ) Tj ET Q q 0 0 0 rg BT 482.65 378.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 505.44 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 516.56 378.75 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 366.75 Td (products ) Tj ET Q q 0 0 0 rg BT 119.06 366.75 Td (may ) Tj ET Q q 0 0 0 rg BT 138.78 366.75 Td (be ) Tj ET Q q 0 0 0 rg BT 150.72 366.75 Td (reduced. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 350.25 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 350.25 Td (e ) Tj ET Q q 0 0 0 rg BT 121.44 350.25 Td (must ) Tj ET Q q 0 0 0 rg BT 144.26 350.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 172.60 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.41 350.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 216.54 350.25 Td (our ) Tj ET Q q 0 0 0 rg BT 233.24 350.25 Td (network ) Tj ET Q q 0 0 0 rg BT 269.37 350.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.07 350.25 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 307.77 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.58 350.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 377.81 350.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 406.73 350.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.87 350.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 435.13 350.25 Td (our ) Tj ET Q q 0 0 0 rg BT 451.82 350.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 492.13 350.25 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 338.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 128.16 338.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 166.42 338.25 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 213.59 338.25 Td (for ) Tj ET Q q 0 0 0 rg BT 229.64 338.25 Td (productive ) Tj ET Q q 0 0 0 rg BT 276.80 338.25 Td (agents. ) Tj ET Q q 0 0 0 rg BT 308.92 338.25 Td (W) Tj ET Q q 0 0 0 rg BT 317.56 338.25 Td (e ) Tj ET Q q 0 0 0 rg BT 326.39 338.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 364.65 338.25 Td (with ) Tj ET Q q 0 0 0 rg BT 386.82 338.25 Td (other ) Tj ET Q q 0 0 0 rg BT 411.76 338.25 Td (life ) Tj ET Q q 0 0 0 rg BT 429.48 338.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 472.19 338.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 519.34 338.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 326.25 Td (marketers ) Tj ET Q q 0 0 0 rg BT 122.73 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.47 326.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 167.32 326.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 206.84 326.25 Td (on ) Tj ET Q q 0 0 0 rg BT 219.14 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.67 326.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 255.97 326.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.61 326.25 Td (our ) Tj ET Q q 0 0 0 rg BT 282.24 326.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.53 326.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 356.56 326.25 Td (support ) Tj ET Q q 0 0 0 rg BT 388.86 326.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 425.87 326.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 483.72 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.46 326.25 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 314.25 Td (features. ) Tj ET Q q 0 0 0 rg BT 118.19 314.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 141.23 314.25 Td (marketers ) Tj ET Q q 0 0 0 rg BT 183.69 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.17 314.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 229.76 314.25 Td (may ) Tj ET Q q 0 0 0 rg BT 250.02 314.25 Td (promote ) Tj ET Q q 0 0 0 rg BT 286.38 314.25 Td (products ) Tj ET Q q 0 0 0 rg BT 323.86 314.25 Td (of) Tj ET Q q 0 0 0 rg BT 332.01 314.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 355.59 314.25 Td (by ) Tj ET Q q 0 0 0 rg BT 368.63 314.25 Td (other ) Tj ET Q q 0 0 0 rg BT 392.22 314.25 Td (life ) Tj ET Q q 0 0 0 rg BT 408.59 314.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 449.94 314.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 495.75 314.25 Td (that ) Tj ET Q q 0 0 0 rg BT 513.78 314.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 302.25 Td (of) Tj ET Q q 0 0 0 rg BT 89.15 302.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 103.37 302.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.92 302.25 Td (lar) Tj ET Q q 0 0 0 rg BT 121.29 302.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 137.18 302.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 168.06 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.51 302.25 Td (products ) Tj ET Q q 0 0 0 rg BT 217.07 302.25 Td (than ) Tj ET Q q 0 0 0 rg BT 237.40 302.25 Td (we ) Tj ET Q q 0 0 0 rg BT 252.18 302.25 Td (do. ) Tj ET Q q 0 0 0 rg BT 267.80 302.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 286.47 302.25 Td (competitiveness ) Tj ET Q q 0 0 0 rg BT 354.02 302.25 Td (for ) Tj ET Q q 0 0 0 rg BT 368.80 302.25 Td (such ) Tj ET Q q 0 0 0 rg BT 390.25 302.25 Td (marketers ) Tj ET Q q 0 0 0 rg BT 432.79 302.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.35 302.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 479.02 302.25 Td (also ) Tj ET Q q 0 0 0 rg BT 498.24 302.25 Td (depends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 290.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 103.87 290.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.95 290.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 161.25 290.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 215.21 290.25 Td (we ) Tj ET Q q 0 0 0 rg BT 229.74 290.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 264.26 290.25 Td (with ) Tj ET Q q 0 0 0 rg BT 284.90 290.25 Td (them. ) Tj ET Q q 0 0 0 rg BT 310.26 290.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 328.68 290.25 Td (most ) Tj ET Q q 0 0 0 rg BT 351.00 290.25 Td (important ) Tj ET Q q 0 0 0 rg BT 392.74 290.25 Td (IMOs ) Tj ET Q q 0 0 0 rg BT 418.94 290.25 Td (\(those ) Tj ET Q q 0 0 0 rg BT 446.25 290.25 Td (who ) Tj ET Q q 0 0 0 rg BT 466.33 290.25 Td (are ) Tj ET Q q 0 0 0 rg BT 481.41 290.25 Td (able ) Tj ET Q q 0 0 0 rg BT 500.93 290.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.57 290.25 Td (meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 278.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 109.97 278.25 Td (production ) Tj ET Q q 0 0 0 rg BT 155.06 278.25 Td (tar) Tj ET Q q 0 0 0 rg BT 165.43 278.25 Td (gets\) ) Tj ET Q q 0 0 0 rg BT 186.63 278.25 Td (are ) Tj ET Q q 0 0 0 rg BT 200.61 278.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 234.01 278.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.55 278.25 Td (as ) Tj ET Q q 0 0 0 rg BT 253.65 278.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 285.41 278.25 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 326.75 278.25 Td (W) Tj ET Q q 0 0 0 rg BT 335.39 278.25 Td (e ) Tj ET Q q 0 0 0 rg BT 341.59 278.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 379.46 278.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.10 278.25 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.10 278.25 Td ( ) Tj ET Q q 0 0 0 rg BT 411.87 278.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 439.18 278.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 473.72 278.25 Td (that ) Tj ET Q q 0 0 0 rg BT 490.48 278.25 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.25 Td (for ) Tj ET Q q 0 0 0 rg BT 95.80 266.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.70 266.25 Td (95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.03 266.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.17 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.64 266.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.11 266.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 233.14 266.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.14 266.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.28 266.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 278.86 266.25 Td (volume. ) Tj ET Q q 0 0 0 rg BT 314.27 266.25 Td (There ) Tj ET Q q 0 0 0 rg BT 340.73 266.25 Td (can ) Tj ET Q q 0 0 0 rg BT 357.75 266.25 Td (be ) Tj ET Q q 0 0 0 rg BT 370.33 266.25 Td (no ) Tj ET Q q 0 0 0 rg BT 383.47 266.25 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 421.59 266.25 Td (that ) Tj ET Q q 0 0 0 rg BT 439.73 266.25 Td (such ) Tj ET Q q 0 0 0 rg BT 461.20 266.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 515.45 266.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 118.23 254.25 Td (in ) Tj ET Q q 0 0 0 rg BT 128.81 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.82 254.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 172.99 254.25 Td (If ) Tj ET Q q 0 0 0 rg BT 182.45 254.25 Td (we ) Tj ET Q q 0 0 0 rg BT 196.91 254.25 Td (are ) Tj ET Q q 0 0 0 rg BT 211.91 254.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 241.36 254.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.94 254.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 279.72 254.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.95 254.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 322.51 254.25 Td (suf) Tj ET Q q 0 0 0 rg BT 334.55 254.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 362.89 254.25 Td (marketers ) Tj ET Q q 0 0 0 rg BT 405.11 254.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.35 254.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 450.69 254.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.27 254.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 477.95 254.25 Td (our ) Tj ET Q q 0 0 0 rg BT 494.08 254.25 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 242.25 Td (our ) Tj ET Q q 0 0 0 rg BT 96.83 242.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 124.88 242.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.16 242.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 171.53 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.47 242.25 Td (our ) Tj ET Q q 0 0 0 rg BT 204.30 242.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 242.34 242.25 Td (would ) Tj ET Q q 0 0 0 rg BT 269.84 242.25 Td (suf) Tj ET Q q 0 0 0 rg BT 281.88 242.25 Td (fer) Tj ET Q q 0 0 0 rg BT 292.43 242.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 216.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 99.67 216.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 150.58 216.75 Td (may ) Tj ET Q q 0 0 0 rg BT 169.79 216.75 Td (not ) Tj ET Q q 0 0 0 rg BT 185.13 216.75 Td (be ) Tj ET Q q 0 0 0 rg BT 196.57 216.75 Td (able ) Tj ET Q q 0 0 0 rg BT 215.79 216.75 Td (to ) Tj ET Q q 0 0 0 rg BT 225.56 216.75 Td (generate ) Tj ET Q q 0 0 0 rg BT 263.11 216.75 Td (suf) Tj ET Q q 0 0 0 rg BT 275.71 216.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 303.81 216.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 324.71 216.75 Td (to ) Tj ET Q q 0 0 0 rg BT 334.48 216.75 Td (service ) Tj ET Q q 0 0 0 rg BT 364.80 216.75 Td (all ) Tj ET Q q 0 0 0 rg BT 377.35 216.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.68 216.75 Td (their ) Tj ET Q q 0 0 0 rg BT 409.13 216.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 456.70 216.75 Td (and ) Tj ET Q q 0 0 0 rg BT 474.26 216.75 Td (may ) Tj ET Q q 0 0 0 rg BT 493.48 216.75 Td (be ) Tj ET Q q 0 0 0 rg BT 504.91 216.75 Td (forced ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 204.75 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 204.75 Td (take ) Tj ET Q q 0 0 0 rg BT 111.00 204.75 Td (other ) Tj ET Q q 0 0 0 rg BT 135.17 204.75 Td (actions ) Tj ET Q q 0 0 0 rg BT 167.11 204.75 Td (to ) Tj ET Q q 0 0 0 rg BT 177.39 204.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 206.00 204.75 Td (their ) Tj ET Q q 0 0 0 rg BT 227.95 204.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 278.51 204.75 Td (which ) Tj ET Q q 0 0 0 rg BT 306.02 204.75 Td (may ) Tj ET Q q 0 0 0 rg BT 325.74 204.75 Td (not ) Tj ET Q q 0 0 0 rg BT 341.58 204.75 Td (be ) Tj ET Q q 0 0 0 rg BT 353.52 204.75 Td (successful.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.24 204.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 188.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.66 188.25 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 172.46 188.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.57 188.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 202.22 188.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.10 188.25 Td (make ) Tj ET Q q 0 0 0 rg BT 235.86 188.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 277.95 188.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 318.38 188.25 Td (on ) Tj ET Q q 0 0 0 rg BT 330.49 188.25 Td (or ) Tj ET Q q 0 0 0 rg BT 340.92 188.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.81 188.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 390.10 188.25 Td (their ) Tj ET Q q 0 0 0 rg BT 410.53 188.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 429.85 188.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 478.90 188.25 Td (including ) Tj ET Q q 0 0 0 rg BT 518.78 188.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 176.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 108.47 176.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 135.67 176.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 169.80 176.25 Td (on ) Tj ET Q q 0 0 0 rg BT 181.16 176.25 Td (their ) Tj ET Q q 0 0 0 rg BT 200.85 176.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.20 176.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 276.33 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.13 176.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 331.26 176.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 385.65 176.25 Td (which ) Tj ET Q q 0 0 0 rg BT 411.45 176.25 Td (in ) Tj ET Q q 0 0 0 rg BT 420.59 176.25 Td (turn ) Tj ET Q q 0 0 0 rg BT 438.06 176.25 Td (are ) Tj ET Q q 0 0 0 rg BT 451.64 176.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 481.32 176.25 Td (to ) Tj ET Q q 0 0 0 rg BT 490.47 176.25 Td (prevailing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 164.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 121.92 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.41 164.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 187.66 164.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 231.37 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.86 164.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.68 164.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 286.93 164.25 Td (financial, ) Tj ET Q q 0 0 0 rg BT 326.46 164.25 Td (business ) Tj ET Q q 0 0 0 rg BT 362.40 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.89 164.25 Td (other ) Tj ET Q q 0 0 0 rg BT 401.48 164.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 430.73 164.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 462.22 164.25 Td (their ) Tj ET Q q 0 0 0 rg BT 482.59 164.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 515.47 164.25 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 130.83 152.25 Td (may ) Tj ET Q q 0 0 0 rg BT 150.65 152.25 Td (not ) Tj ET Q q 0 0 0 rg BT 166.04 152.25 Td (be ) Tj ET Q q 0 0 0 rg BT 178.09 152.25 Td (able ) Tj ET Q q 0 0 0 rg BT 197.35 152.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.74 152.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 245.34 152.25 Td (a ) Tj ET Q q 0 0 0 rg BT 252.39 152.25 Td (level ) Tj ET Q q 0 0 0 rg BT 274.44 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.38 152.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 305.75 152.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 330.58 152.25 Td (from ) Tj ET Q q 0 0 0 rg BT 352.63 152.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 393.01 152.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 431.72 152.25 Td (suf) Tj ET Q q 0 0 0 rg BT 443.76 152.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 471.91 152.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.30 152.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 511.01 152.25 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 140.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 108.22 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.93 140.25 Td (principal, ) Tj ET Q q 0 0 0 rg BT 163.48 140.25 Td (premium, ) Tj ET Q q 0 0 0 rg BT 204.58 140.25 Td (if ) Tj ET Q q 0 0 0 rg BT 213.19 140.25 Td (any) Tj ET Q q 0 0 0 rg BT 226.98 140.25 Td (, ) Tj ET Q q 0 0 0 rg BT 231.98 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.92 140.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 280.85 140.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.35 140.25 Td (indebtedness. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 119.25 Td (If ) Tj ET Q q 0 0 0 rg BT 113.79 119.25 Td (our ) Tj ET Q q 0 0 0 rg BT 129.25 119.25 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 179.06 119.25 Td ( ) Tj ET Q q 0 0 0 rg BT 181.19 119.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 201.08 119.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 225.44 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.01 119.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 270.79 119.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 310.68 119.25 Td (are ) Tj ET Q q 0 0 0 rg BT 325.01 119.25 Td (insuf) Tj ET Q q 0 0 0 rg BT 344.83 119.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 372.50 119.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.41 119.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 402.87 119.25 Td (our ) Tj ET Q q 0 0 0 rg BT 418.33 119.25 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 468.14 119.25 Td ( ) Tj ET Q q 0 0 0 rg BT 470.27 119.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 519.34 119.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 107.25 Td (could ) Tj ET Q q 0 0 0 rg BT 104.70 107.25 Td (face ) Tj ET Q q 0 0 0 rg BT 122.83 107.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 167.09 107.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 202.47 107.25 Td (problems ) Tj ET Q q 0 0 0 rg BT 241.17 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.10 107.25 Td (may ) Tj ET Q q 0 0 0 rg BT 275.80 107.25 Td (be ) Tj ET Q q 0 0 0 rg BT 286.72 107.25 Td (forced ) Tj ET Q q 0 0 0 rg BT 313.75 107.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.01 107.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 351.14 107.25 Td (or ) Tj ET Q q 0 0 0 rg BT 360.96 107.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 384.10 107.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 433.36 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.28 107.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 477.42 107.25 Td (expenditures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 95.25 Td (or ) Tj ET Q q 0 0 0 rg BT 93.02 95.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.49 95.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 122.07 95.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 151.59 95.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 173.05 95.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 216.73 95.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 247.07 95.25 Td (or ) Tj ET Q q 0 0 0 rg BT 259.09 95.25 Td (restructure ) Tj ET Q q 0 0 0 rg BT 305.53 95.25 Td (or ) Tj ET Q q 0 0 0 rg BT 317.55 95.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 358.44 95.25 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 416.28 95.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 435.52 95.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 464.77 95.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.23 95.25 Td (restructure ) Tj ET Q q 0 0 0 rg BT 522.68 95.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 83.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 120.63 83.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.40 83.25 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 186.20 83.25 Td ( ) Tj ET Q q 0 0 0 rg BT 188.64 83.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 208.30 83.25 Td (will ) Tj ET Q q 0 0 0 rg BT 226.29 83.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 257.61 83.25 Td (on ) Tj ET Q q 0 0 0 rg BT 270.04 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.70 83.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 324.91 83.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.68 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.33 83.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 379.42 83.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 413.51 83.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.39 83.25 Td (our ) Tj ET Q q 0 0 0 rg BT 446.16 83.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 483.58 83.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 523.79 83.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 71.25 Td (such ) Tj ET Q q 0 0 0 rg BT 101.78 71.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 123.97 71.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 143.64 71.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 191.63 71.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.41 71.25 Td (our ) Tj ET Q q 0 0 0 rg BT 218.20 71.25 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 268.00 71.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.46 71.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 290.13 71.25 Td (could ) Tj ET Q q 0 0 0 rg BT 314.80 71.25 Td (be ) Tj ET Q q 0 0 0 rg BT 326.69 71.25 Td (at ) Tj ET Q q 0 0 0 rg BT 336.36 71.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 364.36 71.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 396.25 71.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 417.58 71.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.47 71.25 Td (may ) Tj ET Q q 0 0 0 rg BT 454.14 71.25 Td (require ) Tj ET Q q 0 0 0 rg BT 484.91 71.25 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 59.25 Td (with ) Tj ET Q q 0 0 0 rg BT 100.57 59.25 Td (more ) Tj ET Q q 0 0 0 rg BT 122.90 59.25 Td (onerous ) Tj ET Q q 0 0 0 rg BT 156.35 59.25 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 200.62 59.25 Td (which ) Tj ET Q q 0 0 0 rg BT 226.84 59.25 Td (could ) Tj ET Q q 0 0 0 rg BT 250.85 59.25 Td (further ) Tj ET Q q 0 0 0 rg BT 279.84 59.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 309.39 59.25 Td (our ) Tj ET Q q 0 0 0 rg BT 324.51 59.25 Td (business ) Tj ET Q q 0 0 0 rg BT 360.19 59.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 406.00 59.25 Td (The ) Tj ET Q q 0 0 0 rg BT 423.34 59.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 447.34 59.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.46 59.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 490.91 59.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.14 59.25 Td (future ) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 99.83 735.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 148.10 735.60 Td (may ) Tj ET Q q 0 0 0 rg BT 166.93 735.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 196.30 735.60 Td (us ) Tj ET Q q 0 0 0 rg BT 206.80 735.60 Td (from ) Tj ET Q q 0 0 0 rg BT 227.85 735.60 Td (adopting ) Tj ET Q q 0 0 0 rg BT 264.45 735.60 Td (some ) Tj ET Q q 0 0 0 rg BT 287.17 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 297.11 735.60 Td (these ) Tj ET Q q 0 0 0 rg BT 319.26 735.60 Td (alternatives. ) Tj ET Q q 0 0 0 rg BT 369.46 735.60 Td (In ) Tj ET Q q 0 0 0 rg BT 379.40 735.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 416.28 735.60 Td (any ) Tj ET Q q 0 0 0 rg BT 432.33 735.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 460.03 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 469.42 735.60 Td (make ) Tj ET Q q 0 0 0 rg BT 492.68 735.60 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (on ) Tj ET Q q 0 0 0 rg BT 93.80 723.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 143.26 723.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 190.50 723.60 Td (on ) Tj ET Q q 0 0 0 rg BT 203.30 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 210.54 723.60 Td (timely ) Tj ET Q q 0 0 0 rg BT 238.89 723.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 261.68 723.60 Td (would ) Tj ET Q q 0 0 0 rg BT 289.48 723.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 315.05 723.60 Td (result ) Tj ET Q q 0 0 0 rg BT 340.07 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 350.64 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 357.88 723.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 398.44 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 409.57 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 425.70 723.60 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 458.21 723.60 Td (which ) Tj ET Q q 0 0 0 rg BT 485.45 723.60 Td (could ) Tj ET Q q 0 0 0 rg BT 510.46 723.60 Td (harm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.10 711.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 125.42 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.96 711.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 170.39 711.60 Td (our ) Tj ET Q q 0 0 0 rg BT 186.48 711.60 Td (business ) Tj ET Q q 0 0 0 rg BT 223.14 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.35 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 250.89 711.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 274.21 711.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 316.97 711.60 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 373.89 711.60 Td (In ) Tj ET Q q 0 0 0 rg BT 384.99 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.97 711.60 Td (face ) Tj ET Q q 0 0 0 rg BT 419.38 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.48 711.60 Td (such ) Tj ET Q q 0 0 0 rg BT 451.58 711.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 497.12 711.60 Td (liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (problems, ) Tj ET Q q 0 0 0 rg BT 123.17 699.60 Td (we ) Tj ET Q q 0 0 0 rg BT 137.29 699.60 Td (may ) Tj ET Q q 0 0 0 rg BT 156.96 699.60 Td (be ) Tj ET Q q 0 0 0 rg BT 168.86 699.60 Td (required ) Tj ET Q q 0 0 0 rg BT 204.63 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 214.86 699.60 Td (dispose ) Tj ET Q q 0 0 0 rg BT 247.32 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 258.10 699.60 Td (material ) Tj ET Q q 0 0 0 rg BT 293.32 699.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.11 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 329.89 699.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 374.00 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 384.24 699.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 406.13 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 421.91 699.60 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 471.14 699.60 Td (W) Tj ET Q q 0 0 0 rg BT 479.77 699.60 Td (e ) Tj ET Q q 0 0 0 rg BT 486.67 699.60 Td (may ) Tj ET Q q 0 0 0 rg BT 506.34 699.60 Td (not ) Tj ET Q q 0 0 0 rg BT 521.57 699.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (able ) Tj ET Q q 0 0 0 rg BT 100.03 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 110.19 687.60 Td (consummate ) Tj ET Q q 0 0 0 rg BT 163.11 687.60 Td (those ) Tj ET Q q 0 0 0 rg BT 186.59 687.60 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 236.76 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 253.57 687.60 Td (these ) Tj ET Q q 0 0 0 rg BT 276.50 687.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 314.41 687.60 Td (may ) Tj ET Q q 0 0 0 rg BT 334.00 687.60 Td (not ) Tj ET Q q 0 0 0 rg BT 349.16 687.60 Td (be ) Tj ET Q q 0 0 0 rg BT 360.97 687.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 398.88 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 409.04 687.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 430.85 687.60 Td (any ) Tj ET Q q 0 0 0 rg BT 447.67 687.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 494.49 687.60 Td (then ) Tj ET Q q 0 0 0 rg BT 514.08 687.60 Td (due. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 662.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.15 662.10 Td (e ) Tj ET Q q 0 0 0 rg BT 96.43 662.10 Td (have ) Tj ET Q q 0 0 0 rg BT 118.71 662.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 152.10 662.10 Td (into ) Tj ET Q q 0 0 0 rg BT 171.06 662.10 Td (business ) Tj ET Q q 0 0 0 rg BT 208.92 662.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 262.33 662.10 Td (with ) Tj ET Q q 0 0 0 rg BT 282.96 662.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 302.23 662.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 333.95 662.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 381.24 662.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 425.76 662.10 Td (through ) Tj ET Q q 0 0 0 rg BT 461.96 662.10 Td (Salus ) Tj ET Q q 0 0 0 rg BT 487.59 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.00 662.10 Td (would ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 650.10 Td (be ) Tj ET Q q 0 0 0 rg BT 92.94 650.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 133.75 650.10 Td (af) Tj ET Q q 0 0 0 rg BT 141.90 650.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 168.83 650.10 Td (if ) Tj ET Q q 0 0 0 rg BT 177.44 650.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 224.38 650.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 268.56 650.10 Td (were ) Tj ET Q q 0 0 0 rg BT 290.50 650.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 321.34 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.62 650.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 353.55 650.10 Td (their ) Tj ET Q q 0 0 0 rg BT 375.50 650.10 Td (obligations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.56 650.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 626.10 Td (W) Tj ET Q q 0 0 0 rg BT 125.64 626.10 Td (e ) Tj ET Q q 0 0 0 rg BT 132.77 626.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 170.46 626.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 209.25 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.72 626.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 246.86 626.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 280.09 626.10 Td (asset-based ) Tj ET Q q 0 0 0 rg BT 328.32 626.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 352.13 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.60 626.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 380.19 626.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 411.20 626.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 456.66 626.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 499.90 626.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 614.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 104.60 614.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 147.64 614.10 Td (by ) Tj ET Q q 0 0 0 rg BT 160.14 614.10 Td (Salus, ) Tj ET Q q 0 0 0 rg BT 186.80 614.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.73 614.10 Td (company ) Tj ET Q q 0 0 0 rg BT 232.88 614.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 273.70 614.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 302.86 614.10 Td (by ) Tj ET Q q 0 0 0 rg BT 315.35 614.10 Td (HRG. ) Tj ET Q q 0 0 0 rg BT 343.96 614.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 362.48 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.97 614.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 406.34 614.10 Td (has ) Tj ET Q q 0 0 0 rg BT 422.16 614.10 Td (not ) Tj ET Q q 0 0 0 rg BT 437.44 614.10 Td (participated ) Tj ET Q q 0 0 0 rg BT 487.13 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.40 614.10 Td (any ) Tj ET Q q 0 0 0 rg BT 514.33 614.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 602.10 Td (originations ) Tj ET Q q 0 0 0 rg BT 131.30 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.60 602.10 Td (asset-based ) Tj ET Q q 0 0 0 rg BT 189.65 602.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 213.29 602.10 Td (through ) Tj ET Q q 0 0 0 rg BT 246.92 602.10 Td (Salus ) Tj ET Q q 0 0 0 rg BT 271.11 602.10 Td (since ) Tj ET Q q 0 0 0 rg BT 294.18 602.10 Td (October ) Tj ET Q q 0 0 0 rg BT 328.91 602.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 353.93 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.89 602.10 Td (this ) Tj ET Q q 0 0 0 rg BT 387.86 602.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 425.38 602.10 Td (has ) Tj ET Q q 0 0 0 rg BT 441.23 602.10 Td (been ) Tj ET Q q 0 0 0 rg BT 462.63 602.10 Td (winding ) Tj ET Q q 0 0 0 rg BT 497.93 602.10 Td (down ) Tj ET Q q 0 0 0 rg BT 522.67 602.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 590.10 Td (exposures ) Tj ET Q q 0 0 0 rg BT 123.76 590.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 154.28 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.49 590.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 214.79 590.10 Td (refinance. ) Tj ET Q q 0 0 0 rg BT 259.14 590.10 Td (As ) Tj ET Q q 0 0 0 rg BT 273.02 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.12 590.10 Td (September ) Tj ET Q q 0 0 0 rg BT 329.64 590.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 344.91 590.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.17 590.10 Td ($21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.17 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.94 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.04 590.10 Td (such ) Tj ET Q q 0 0 0 rg BT 420.13 590.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 444.00 590.10 Td (were ) Tj ET Q q 0 0 0 rg BT 466.20 590.10 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 517.93 590.10 Td (W) Tj ET Q q 0 0 0 rg BT 526.57 590.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 578.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 119.59 578.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 155.41 578.10 Td (that ) Tj ET Q q 0 0 0 rg BT 172.91 578.10 Td (this ) Tj ET Q q 0 0 0 rg BT 189.86 578.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 227.35 578.10 Td (will ) Tj ET Q q 0 0 0 rg BT 245.41 578.10 Td (be ) Tj ET Q q 0 0 0 rg BT 257.35 578.10 Td (lar) Tj ET Q q 0 0 0 rg BT 267.71 578.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 287.43 578.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 307.15 578.10 Td (down ) Tj ET Q q 0 0 0 rg BT 331.87 578.10 Td (by ) Tj ET Q q 0 0 0 rg BT 344.37 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.09 578.10 Td (end ) Tj ET Q q 0 0 0 rg BT 376.02 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.85 578.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 423.22 578.10 Td (year ) Tj ET Q q 0 0 0 rg BT 442.92 578.10 Td (2017.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 552.60 Td (W) Tj ET Q q 0 0 0 rg BT 89.15 552.60 Td (e ) Tj ET Q q 0 0 0 rg BT 96.42 552.60 Td (are ) Tj ET Q q 0 0 0 rg BT 112.59 552.60 Td (a ) Tj ET Q q 0 0 0 rg BT 120.43 552.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 154.95 552.60 Td (company ) Tj ET Q q 0 0 0 rg BT 195.00 552.60 Td (with ) Tj ET Q q 0 0 0 rg BT 215.62 552.60 Td (no ) Tj ET Q q 0 0 0 rg BT 229.02 552.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 275.20 552.60 Td (of ) Tj ET Q q 0 0 0 rg BT 286.37 552.60 Td (our ) Tj ET Q q 0 0 0 rg BT 303.66 552.60 Td (own. ) Tj ET Q q 0 0 0 rg BT 325.80 552.60 Td (As ) Tj ET Q q 0 0 0 rg BT 339.20 552.60 Td (a ) Tj ET Q q 0 0 0 rg BT 347.04 552.60 Td (consequence, ) Tj ET Q q 0 0 0 rg BT 405.14 552.60 Td (our ) Tj ET Q q 0 0 0 rg BT 422.43 552.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 450.82 552.60 Td (to ) Tj ET Q q 0 0 0 rg BT 461.44 552.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 478.71 552.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 520.44 552.60 Td (on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 540.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.95 540.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 121.56 540.60 Td (will ) Tj ET Q q 0 0 0 rg BT 139.07 540.60 Td (depend ) Tj ET Q q 0 0 0 rg BT 171.00 540.60 Td (on ) Tj ET Q q 0 0 0 rg BT 184.07 540.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.34 540.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 227.40 540.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.23 540.60 Td (our ) Tj ET Q q 0 0 0 rg BT 255.18 540.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 306.58 540.60 Td (to ) Tj ET Q q 0 0 0 rg BT 316.86 540.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 333.80 540.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 375.18 540.60 Td (to ) Tj ET Q q 0 0 0 rg BT 385.46 540.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 399.92 540.60 Td (which ) Tj ET Q q 0 0 0 rg BT 427.43 540.60 Td (may ) Tj ET Q q 0 0 0 rg BT 447.14 540.60 Td (be ) Tj ET Q q 0 0 0 rg BT 459.08 540.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 499.91 540.60 Td (by ) Tj ET Q q 0 0 0 rg BT 511.84 540.60 Td (law) Tj ET Q q 0 0 0 rg BT 525.92 540.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.42 540.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 524.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 524.10 Td (e ) Tj ET Q q 0 0 0 rg BT 119.39 524.10 Td (are ) Tj ET Q q 0 0 0 rg BT 132.92 524.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.68 524.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 170.55 524.10 Td (company ) Tj ET Q q 0 0 0 rg BT 208.53 524.10 Td (with ) Tj ET Q q 0 0 0 rg BT 227.62 524.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 257.27 524.10 Td (business ) Tj ET Q q 0 0 0 rg BT 292.48 524.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 335.45 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.10 524.10 Td (our ) Tj ET Q q 0 0 0 rg BT 359.75 524.10 Td (own. ) Tj ET Q q 0 0 0 rg BT 380.79 524.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 397.66 524.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 430.63 524.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 479.17 524.10 Td (are ) Tj ET Q q 0 0 0 rg BT 492.70 524.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 512.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 130.97 512.10 Td (that ) Tj ET Q q 0 0 0 rg BT 148.72 512.10 Td (own ) Tj ET Q q 0 0 0 rg BT 168.70 512.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 222.01 512.10 Td (all ) Tj ET Q q 0 0 0 rg BT 234.76 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.85 512.10 Td (our ) Tj ET Q q 0 0 0 rg BT 261.94 512.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 288.02 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.22 512.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 339.63 512.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 392.94 512.10 Td (all ) Tj ET Q q 0 0 0 rg BT 405.69 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.77 512.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.86 512.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 479.16 512.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 528.50 512.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 500.10 Td (our ) Tj ET Q q 0 0 0 rg BT 96.78 500.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 133.65 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.43 500.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 185.76 500.10 Td (is ) Tj ET Q q 0 0 0 rg BT 194.88 500.10 Td (dependent, ) Tj ET Q q 0 0 0 rg BT 240.92 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.14 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.02 500.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 302.68 500.10 Td (extent, ) Tj ET Q q 0 0 0 rg BT 332.06 500.10 Td (on ) Tj ET Q q 0 0 0 rg BT 344.50 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.17 500.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 403.81 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.59 500.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 434.80 500.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 455.58 500.10 Td (by ) Tj ET Q q 0 0 0 rg BT 468.02 500.10 Td (our ) Tj ET Q q 0 0 0 rg BT 483.80 500.10 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.79 488.10 Td (their ) Tj ET Q q 0 0 0 rg BT 118.47 488.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 146.38 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.51 488.10 Td (make ) Tj ET Q q 0 0 0 rg BT 180.52 488.10 Td (such ) Tj ET Q q 0 0 0 rg BT 201.20 488.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.32 488.10 Td (available ) Tj ET Q q 0 0 0 rg BT 259.76 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.90 488.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 283.64 488.10 Td (by ) Tj ET Q q 0 0 0 rg BT 296.00 488.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 333.34 488.10 Td (or ) Tj ET Q q 0 0 0 rg BT 344.03 488.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 387.76 488.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 405.66 488.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 455.23 488.10 Td (may ) Tj ET Q q 0 0 0 rg BT 474.80 488.10 Td (not ) Tj ET Q q 0 0 0 rg BT 489.94 488.10 Td (be ) Tj ET Q q 0 0 0 rg BT 501.73 488.10 Td (able ) Tj ET Q q 0 0 0 rg BT 520.74 488.10 Td (to, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 476.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.88 476.10 Td (may ) Tj ET Q q 0 0 0 rg BT 113.66 476.10 Td (not ) Tj ET Q q 0 0 0 rg BT 129.99 476.10 Td (be ) Tj ET Q q 0 0 0 rg BT 142.98 476.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 184.86 476.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 198.69 476.10 Td (make ) Tj ET Q q 0 0 0 rg BT 223.90 476.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 277.46 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.79 476.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 318.44 476.10 Td (us ) Tj ET Q q 0 0 0 rg BT 330.89 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.22 476.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 365.21 476.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.09 476.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 430.09 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.08 476.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 466.08 476.10 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 511.02 476.10 Td (Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 464.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 124.74 464.10 Td (is ) Tj ET Q q 0 0 0 rg BT 134.04 464.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.10 464.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 173.18 464.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 195.24 464.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 220.64 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.71 464.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 259.77 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.84 464.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 323.89 464.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 370.95 464.10 Td (may ) Tj ET Q q 0 0 0 rg BT 390.80 464.10 Td (also ) Tj ET Q q 0 0 0 rg BT 409.54 464.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 431.06 464.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.02 464.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 475.20 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.61 464.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 513.23 464.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 452.10 Td (from ) Tj ET Q q 0 0 0 rg BT 102.94 452.10 Td (our ) Tj ET Q q 0 0 0 rg BT 118.77 452.10 Td (subsidiaries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 431.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.11 431.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 163.98 431.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 213.75 431.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.52 431.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 259.40 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.73 431.10 Td (various ) Tj ET Q q 0 0 0 rg BT 301.73 431.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 339.28 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.27 431.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 399.92 431.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 446.91 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.91 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.68 431.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 506.79 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.67 431.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 419.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 122.28 419.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 172.46 419.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.20 419.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 200.60 419.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 242.46 419.10 Td (is ) Tj ET Q q 0 0 0 rg BT 252.09 419.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 283.38 419.10 Td (by ) Tj ET Q q 0 0 0 rg BT 296.35 419.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 340.40 419.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 381.68 419.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 402.97 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.38 419.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 470.27 419.10 Td (See ) Tj ET Q q 0 0 0 rg BT 487.67 419.10 Td (Business-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 407.10 Td (Regulation-Dividend ) Tj ET Q q 0 0 0 rg BT 168.45 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.91 407.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 211.70 407.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 263.06 407.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 301.07 407.10 Td (Limitations. ) Tj ET Q q 0 0 0 rg BT 356.92 407.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.49 407.10 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 398.50 407.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 439.84 407.10 Td (law ) Tj ET Q q 0 0 0 rg BT 457.30 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.76 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.00 407.10 Td (New ) Tj ET Q q 0 0 0 rg BT 511.45 407.10 Td (Y) Tj ET Q q 0 0 0 rg BT 517.67 407.10 Td (ork ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 395.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 122.63 395.10 Td (law ) Tj ET Q q 0 0 0 rg BT 140.38 395.10 Td (regulate ) Tj ET Q q 0 0 0 rg BT 175.89 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.42 395.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 224.72 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.36 395.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 278.56 395.10 Td (that ) Tj ET Q q 0 0 0 rg BT 296.86 395.10 Td (may ) Tj ET Q q 0 0 0 rg BT 317.39 395.10 Td (be ) Tj ET Q q 0 0 0 rg BT 330.14 395.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 350.67 395.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.76 395.10 Td (any ) Tj ET Q q 0 0 0 rg BT 379.51 395.10 Td (year ) Tj ET Q q 0 0 0 rg BT 400.02 395.10 Td (by ) Tj ET Q q 0 0 0 rg BT 413.33 395.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 431.85 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.17 395.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 477.34 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.09 395.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 513.61 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.92 395.10 Td (NY) Tj ET Q q 0 0 0 rg BT 531.00 395.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 383.10 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 126.15 383.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 173.81 383.10 Td (. ) Tj ET Q q 0 0 0 rg BT 179.82 383.10 Td (This ) Tj ET Q q 0 0 0 rg BT 201.37 383.10 Td (could ) Tj ET Q q 0 0 0 rg BT 227.37 383.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 250.04 383.10 Td (both ) Tj ET Q q 0 0 0 rg BT 271.60 383.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.71 383.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 318.04 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.60 383.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 362.25 383.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 383.79 383.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 405.90 383.10 Td (from ) Tj ET Q q 0 0 0 rg BT 429.12 383.10 Td (our ) Tj ET Q q 0 0 0 rg BT 446.23 383.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 472.78 383.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 504.34 383.10 Td (owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 371.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 121.46 371.10 Td (, ) Tj ET Q q 0 0 0 rg BT 126.52 371.10 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 157.69 371.10 Td (FGLH) Tj ET Q q 0 0 0 rg BT 186.59 371.10 Td (s ) Tj ET Q q 0 0 0 rg BT 193.04 371.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 221.15 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.49 371.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 262.91 371.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 283.24 371.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 304.13 371.10 Td (from ) Tj ET Q q 0 0 0 rg BT 326.13 371.10 Td (its ) Tj ET Q q 0 0 0 rg BT 338.14 371.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 363.47 371.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 393.81 371.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 423.03 371.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 463.49 371.10 Td (, ) Tj ET Q q 0 0 0 rg BT 468.55 371.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 487.07 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.63 371.10 Td (Insurance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 359.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 116.46 359.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.96 359.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 160.60 359.10 Td (s ) Tj ET Q q 0 0 0 rg BT 167.00 359.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 195.05 359.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.33 359.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 236.69 359.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 256.96 359.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 277.79 359.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.73 359.10 Td (its ) Tj ET Q q 0 0 0 rg BT 311.67 359.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 336.94 359.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 367.22 359.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 396.38 359.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 436.83 359.10 Td (, ) Tj ET Q q 0 0 0 rg BT 441.83 359.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 460.36 359.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.86 359.10 Td (NY) Tj ET Q q 0 0 0 rg BT 476.93 359.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.43 359.10 Td (Insurance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 338.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 128.31 338.10 Td (year ) Tj ET Q q 0 0 0 rg BT 148.84 338.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 167.36 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.68 338.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 212.87 338.10 Td (may ) Tj ET Q q 0 0 0 rg BT 233.41 338.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 251.17 338.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.93 338.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 289.45 338.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 321.10 338.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 354.42 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.07 338.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 403.27 338.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 445.48 338.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.13 338.10 Td (other ) Tj ET Q q 0 0 0 rg BT 481.00 338.10 Td (distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 326.10 Td (without ) Tj ET Q q 0 0 0 rg BT 113.46 326.10 Td (being ) Tj ET Q q 0 0 0 rg BT 137.59 326.10 Td (required ) Tj ET Q q 0 0 0 rg BT 172.81 326.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.49 326.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 209.40 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.52 326.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 244.86 326.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 277.32 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.56 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.68 326.10 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 323.58 326.10 Td (Commissioner) Tj ET Q q 0 0 0 rg BT 381.36 326.10 Td (. ) Tj ET Q q 0 0 0 rg BT 385.77 326.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 404.29 326.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.19 326.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 446.97 326.10 Td (is ) Tj ET Q q 0 0 0 rg BT 455.54 326.10 Td (required ) Tj ET Q q 0 0 0 rg BT 490.77 326.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.45 326.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 314.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 117.48 314.10 Td (written ) Tj ET Q q 0 0 0 rg BT 149.53 314.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 177.68 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.18 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.12 314.10 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 228.84 314.10 Td (Commissioner ) Tj ET Q q 0 0 0 rg BT 290.90 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.95 314.10 Td (its ) Tj ET Q q 0 0 0 rg BT 316.12 314.10 Td (intention ) Tj ET Q q 0 0 0 rg BT 355.39 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.90 314.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 385.06 314.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 427.67 314.10 Td (that ) Tj ET Q q 0 0 0 rg BT 446.39 314.10 Td (are ) Tj ET Q q 0 0 0 rg BT 462.32 314.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 497.13 314.10 Td (ordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 302.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 123.06 302.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.68 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.63 302.10 Td (request ) Tj ET Q q 0 0 0 rg BT 183.68 302.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 221.84 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.80 302.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 250.41 302.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 292.47 302.10 Td (that ) Tj ET Q q 0 0 0 rg BT 310.64 302.10 Td (are ) Tj ET Q q 0 0 0 rg BT 326.02 302.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 360.29 302.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 417.33 302.10 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 461.89 302.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 500.07 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.02 302.10 Td (Iowa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 290.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 121.18 290.10 Td (law) Tj ET Q q 0 0 0 rg BT 134.97 290.10 Td (, ) Tj ET Q q 0 0 0 rg BT 139.34 290.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 175.08 290.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 215.84 290.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.91 290.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 272.61 290.10 Td (together ) Tj ET Q q 0 0 0 rg BT 307.24 290.10 Td (with ) Tj ET Q q 0 0 0 rg BT 326.88 290.10 Td (all ) Tj ET Q q 0 0 0 rg BT 338.75 290.10 Td (other ) Tj ET Q q 0 0 0 rg BT 361.16 290.10 Td (such ) Tj ET Q q 0 0 0 rg BT 381.36 290.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 421.55 290.10 Td (within ) Tj ET Q q 0 0 0 rg BT 448.98 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.06 290.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 504.35 290.10 Td (twelve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 278.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 115.13 278.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.32 278.10 Td (do ) Tj ET Q q 0 0 0 rg BT 144.50 278.10 Td (not ) Tj ET Q q 0 0 0 rg BT 159.47 278.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 189.41 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.81 278.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 233.75 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.27 278.10 Td (\(i\)10% ) Tj ET Q q 0 0 0 rg BT 276.72 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.24 278.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 305.76 278.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.95 278.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 349.59 278.10 Td (s ) Tj ET Q q 0 0 0 rg BT 355.67 278.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 392.85 278.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 423.93 278.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.45 278.10 Td (regards ) Tj ET Q q 0 0 0 rg BT 466.06 278.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 522.68 278.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.97 266.10 Td (December31 ) Tj ET Q q 0 0 0 rg BT 148.19 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.16 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.02 266.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 216.08 266.10 Td (year; ) Tj ET Q q 0 0 0 rg BT 238.71 266.10 Td (or ) Tj ET Q q 0 0 0 rg BT 249.67 266.10 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 279.25 266.10 Td (net ) Tj ET Q q 0 0 0 rg BT 294.10 266.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 313.96 266.10 Td (from ) Tj ET Q q 0 0 0 rg BT 336.04 266.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 380.33 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.30 266.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 409.82 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 412.46 266.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 453.97 266.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 499.37 266.10 Td (realized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 109.72 254.10 Td (gains\) ) Tj ET Q q 0 0 0 rg BT 136.22 254.10 Td (for ) Tj ET Q q 0 0 0 rg BT 149.95 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.23 254.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 205.19 254.10 Td (period ) Tj ET Q q 0 0 0 rg BT 232.80 254.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 262.08 254.10 Td (December31 ) Tj ET Q q 0 0 0 rg BT 317.74 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.13 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.42 254.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 383.91 254.10 Td (year) Tj ET Q q 0 0 0 rg BT 400.56 254.10 Td (. ) Tj ET Q q 0 0 0 rg BT 405.13 254.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 448.30 254.10 Td (may ) Tj ET Q q 0 0 0 rg BT 467.59 254.10 Td (only ) Tj ET Q q 0 0 0 rg BT 487.43 254.10 Td (be ) Tj ET Q q 0 0 0 rg BT 498.94 254.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 518.22 254.10 Td (out ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 242.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 129.33 242.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 158.47 242.10 Td (surplus. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 231.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 219.90 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 149.55 219.90 Td (in ) Tj ET Q q 0 0 0 rg BT 160.77 219.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 190.31 219.90 Td (of ) Tj ET Q q 0 0 0 rg BT 202.08 219.90 Td (FGL) Tj ET Q q 0 0 0 rg BT 220.61 219.90 Td ( ) Tj ET Q q 0 0 0 rg BT 224.05 219.90 Td (Insurance) Tj ET Q q 0 0 0 rg BT 265.69 219.90 Td (s ) Tj ET Q q 0 0 0 rg BT 273.03 219.90 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 310.35 219.90 Td (dividend ) Tj ET Q q 0 0 0 rg BT 348.78 219.90 Td (capacity ) Tj ET Q q 0 0 0 rg BT 385.54 219.90 Td (are ) Tj ET Q q 0 0 0 rg BT 401.19 219.90 Td (referred ) Tj ET Q q 0 0 0 rg BT 436.26 219.90 Td (to ) Tj ET Q q 0 0 0 rg BT 447.49 219.90 Td (as ) Tj ET Q q 0 0 0 rg BT 459.26 219.90 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 516.56 219.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 207.90 Td (require ) Tj ET Q q 0 0 0 rg BT 111.24 207.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 132.60 207.90 Td (approval ) Tj ET Q q 0 0 0 rg BT 169.50 207.90 Td (of ) Tj ET Q q 0 0 0 rg BT 179.75 207.90 Td (the ) Tj ET Q q 0 0 0 rg BT 193.89 207.90 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 215.80 207.90 Td (Commissioner) Tj ET Q q 0 0 0 rg BT 273.59 207.90 Td (. ) Tj ET Q q 0 0 0 rg BT 278.01 207.90 Td (In ) Tj ET Q q 0 0 0 rg BT 288.26 207.90 Td (deciding ) Tj ET Q q 0 0 0 rg BT 324.62 207.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 358.74 207.90 Td (to ) Tj ET Q q 0 0 0 rg BT 368.44 207.90 Td (approve ) Tj ET Q q 0 0 0 rg BT 402.57 207.90 Td (a ) Tj ET Q q 0 0 0 rg BT 408.93 207.90 Td (request ) Tj ET Q q 0 0 0 rg BT 439.73 207.90 Td (to ) Tj ET Q q 0 0 0 rg BT 449.43 207.90 Td (pay ) Tj ET Q q 0 0 0 rg BT 465.79 207.90 Td (an ) Tj ET Q q 0 0 0 rg BT 477.15 207.90 Td (extraordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 195.90 Td (dividend, ) Tj ET Q q 0 0 0 rg BT 121.03 195.90 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 143.56 195.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 184.42 195.90 Td (law ) Tj ET Q q 0 0 0 rg BT 201.39 195.90 Td (requires ) Tj ET Q q 0 0 0 rg BT 236.14 195.90 Td (the ) Tj ET Q q 0 0 0 rg BT 250.89 195.90 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 273.42 195.90 Td (Commissioner ) Tj ET Q q 0 0 0 rg BT 334.29 195.90 Td (to ) Tj ET Q q 0 0 0 rg BT 344.61 195.90 Td (consider ) Tj ET Q q 0 0 0 rg BT 381.02 195.90 Td (the ) Tj ET Q q 0 0 0 rg BT 395.78 195.90 Td (ef) Tj ET Q q 0 0 0 rg BT 403.37 195.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 420.89 195.90 Td (of ) Tj ET Q q 0 0 0 rg BT 431.76 195.90 Td (the ) Tj ET Q q 0 0 0 rg BT 446.51 195.90 Td (dividend ) Tj ET Q q 0 0 0 rg BT 484.05 195.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 521.02 195.90 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 183.90 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 183.90 Td ( ) Tj ET Q q 0 0 0 rg BT 102.59 183.90 Td (Insurance) Tj ET Q q 0 0 0 rg BT 144.24 183.90 Td (s ) Tj ET Q q 0 0 0 rg BT 151.20 183.90 Td (surplus ) Tj ET Q q 0 0 0 rg BT 183.16 183.90 Td (and ) Tj ET Q q 0 0 0 rg BT 200.67 183.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 238.72 183.90 Td (condition ) Tj ET Q q 0 0 0 rg BT 279.56 183.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 319.84 183.90 Td (and ) Tj ET Q q 0 0 0 rg BT 337.34 183.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 372.62 183.90 Td (the ) Tj ET Q q 0 0 0 rg BT 387.91 183.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 425.41 183.90 Td (of ) Tj ET Q q 0 0 0 rg BT 436.81 183.90 Td (the ) Tj ET Q q 0 0 0 rg BT 452.10 183.90 Td (dividend ) Tj ET Q q 0 0 0 rg BT 490.17 183.90 Td (will ) Tj ET Q q 0 0 0 rg BT 508.79 183.90 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 171.90 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 171.90 Td ( ) Tj ET Q q 0 0 0 rg BT 102.52 171.90 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 144.39 171.90 Td (to ) Tj ET Q q 0 0 0 rg BT 155.17 171.90 Td (fail ) Tj ET Q q 0 0 0 rg BT 171.50 171.90 Td (to ) Tj ET Q q 0 0 0 rg BT 182.28 171.90 Td (meet ) Tj ET Q q 0 0 0 rg BT 204.72 171.90 Td (its ) Tj ET Q q 0 0 0 rg BT 217.17 171.90 Td (required ) Tj ET Q q 0 0 0 rg BT 253.49 171.90 Td (RBC ) Tj ET Q q 0 0 0 rg BT 276.50 171.90 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 300.33 171.90 Td (In ) Tj ET Q q 0 0 0 rg BT 311.66 171.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 349.94 171.90 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 391.25 171.90 Td (law ) Tj ET Q q 0 0 0 rg BT 408.69 171.90 Td (may ) Tj ET Q q 0 0 0 rg BT 428.91 171.90 Td (impose ) Tj ET Q q 0 0 0 rg BT 460.80 171.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 516.00 171.90 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 159.90 Td (may ) Tj ET Q q 0 0 0 rg BT 102.33 159.90 Td (restrict ) Tj ET Q q 0 0 0 rg BT 134.21 159.90 Td (our ) Tj ET Q q 0 0 0 rg BT 151.65 159.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 181.32 159.90 Td (to ) Tj ET Q q 0 0 0 rg BT 193.21 159.90 Td (pay ) Tj ET Q q 0 0 0 rg BT 211.77 159.90 Td (dividends ) Tj ET Q q 0 0 0 rg BT 254.77 159.90 Td (to ) Tj ET Q q 0 0 0 rg BT 266.66 159.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 300.22 159.90 Td (of ) Tj ET Q q 0 0 0 rg BT 312.66 159.90 Td (our ) Tj ET Q q 0 0 0 rg BT 330.10 159.90 Td (common ) Tj ET Q q 0 0 0 rg BT 369.21 159.90 Td (stock. ) Tj ET Q q 0 0 0 rg BT 396.94 159.90 Td (FGL) Tj ET Q q 0 0 0 rg BT 415.46 159.90 Td ( ) Tj ET Q q 0 0 0 rg BT 419.57 159.90 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 462.56 159.90 Td (has ) Tj ET Q q 0 0 0 rg BT 480.00 159.90 Td (not ) Tj ET Q q 0 0 0 rg BT 496.89 159.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 518.22 159.90 Td (out ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 147.90 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 137.49 147.90 Td (dividends ) Tj ET Q q 0 0 0 rg BT 179.01 147.90 Td (since ) Tj ET Q q 0 0 0 rg BT 202.18 147.90 Td (2008, ) Tj ET Q q 0 0 0 rg BT 227.31 147.90 Td (and ) Tj ET Q q 0 0 0 rg BT 244.38 147.90 Td (in ) Tj ET Q q 0 0 0 rg BT 254.78 147.90 Td (the ) Tj ET Q q 0 0 0 rg BT 269.63 147.90 Td (future ) Tj ET Q q 0 0 0 rg BT 296.13 147.90 Td (FGL) Tj ET Q q 0 0 0 rg BT 314.65 147.90 Td ( ) Tj ET Q q 0 0 0 rg BT 317.28 147.90 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 358.78 147.90 Td (may ) Tj ET Q q 0 0 0 rg BT 378.62 147.90 Td (be ) Tj ET Q q 0 0 0 rg BT 390.69 147.90 Td (required ) Tj ET Q q 0 0 0 rg BT 426.63 147.90 Td (to ) Tj ET Q q 0 0 0 rg BT 437.04 147.90 Td (request ) Tj ET Q q 0 0 0 rg BT 468.55 147.90 Td (approval ) Tj ET Q q 0 0 0 rg BT 506.16 147.90 Td (to ) Tj ET Q q 0 0 0 rg BT 516.57 147.90 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 135.90 Td (an ) Tj ET Q q 0 0 0 rg BT 92.55 135.90 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 148.53 135.90 Td (dividend ) Tj ET Q q 0 0 0 rg BT 185.64 135.90 Td (and ) Tj ET Q q 0 0 0 rg BT 202.20 135.90 Td (there ) Tj ET Q q 0 0 0 rg BT 224.30 135.90 Td (is ) Tj ET Q q 0 0 0 rg BT 233.08 135.90 Td (no ) Tj ET Q q 0 0 0 rg BT 245.20 135.90 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 286.18 135.90 Td (such ) Tj ET Q q 0 0 0 rg BT 306.62 135.90 Td (a ) Tj ET Q q 0 0 0 rg BT 313.18 135.90 Td (request ) Tj ET Q q 0 0 0 rg BT 344.17 135.90 Td (would ) Tj ET Q q 0 0 0 rg BT 371.29 135.90 Td (be ) Tj ET Q q 0 0 0 rg BT 382.84 135.90 Td (approved ) Tj ET Q q 0 0 0 rg BT 422.16 135.90 Td (by ) Tj ET Q q 0 0 0 rg BT 434.28 135.90 Td (the ) Tj ET Q q 0 0 0 rg BT 448.61 135.90 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 470.72 135.90 Td (Commissioner) Tj ET Q q 0 0 0 rg BT 528.50 135.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 114.90 Td (It ) Tj ET Q q 0 0 0 rg BT 113.90 114.90 Td (is ) Tj ET Q q 0 0 0 rg BT 123.36 114.90 Td (possible ) Tj ET Q q 0 0 0 rg BT 158.93 114.90 Td (that ) Tj ET Q q 0 0 0 rg BT 176.72 114.90 Td (in ) Tj ET Q q 0 0 0 rg BT 187.29 114.90 Td (the ) Tj ET Q q 0 0 0 rg BT 202.30 114.90 Td (future, ) Tj ET Q q 0 0 0 rg BT 231.47 114.90 Td (our ) Tj ET Q q 0 0 0 rg BT 247.59 114.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 288.70 114.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 338.71 114.90 Td (may ) Tj ET Q q 0 0 0 rg BT 358.71 114.90 Td (be ) Tj ET Q q 0 0 0 rg BT 370.95 114.90 Td (unable ) Tj ET Q q 0 0 0 rg BT 400.39 114.90 Td (to ) Tj ET Q q 0 0 0 rg BT 410.96 114.90 Td (pay ) Tj ET Q q 0 0 0 rg BT 428.19 114.90 Td (dividends ) Tj ET Q q 0 0 0 rg BT 469.87 114.90 Td (or ) Tj ET Q q 0 0 0 rg BT 480.99 114.90 Td (distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 102.90 Td (to ) Tj ET Q q 0 0 0 rg BT 91.52 102.90 Td (us ) Tj ET Q q 0 0 0 rg BT 103.16 102.90 Td (in ) Tj ET Q q 0 0 0 rg BT 113.69 102.90 Td (an ) Tj ET Q q 0 0 0 rg BT 125.87 102.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 158.61 102.90 Td (suf) Tj ET Q q 0 0 0 rg BT 170.66 102.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 198.94 102.90 Td (to ) Tj ET Q q 0 0 0 rg BT 209.47 102.90 Td (meet ) Tj ET Q q 0 0 0 rg BT 231.65 102.90 Td (our ) Tj ET Q q 0 0 0 rg BT 247.73 102.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 294.92 102.90 Td (or ) Tj ET Q q 0 0 0 rg BT 305.99 102.90 Td (to ) Tj ET Q q 0 0 0 rg BT 316.52 102.90 Td (pay ) Tj ET Q q 0 0 0 rg BT 333.70 102.90 Td (dividends ) Tj ET Q q 0 0 0 rg BT 375.34 102.90 Td (due ) Tj ET Q q 0 0 0 rg BT 392.52 102.90 Td (to ) Tj ET Q q 0 0 0 rg BT 403.05 102.90 Td (a ) Tj ET Q q 0 0 0 rg BT 410.23 102.90 Td (lack ) Tj ET Q q 0 0 0 rg BT 429.63 102.90 Td (of ) Tj ET Q q 0 0 0 rg BT 440.71 102.90 Td (suf) Tj ET Q q 0 0 0 rg BT 452.75 102.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 481.04 102.90 Td (statutory ) Tj ET Q q 0 0 0 rg BT 518.78 102.90 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 90.90 Td (gain ) Tj ET Q q 0 0 0 rg BT 100.84 90.90 Td (from ) Tj ET Q q 0 0 0 rg BT 122.89 90.90 Td (operations, ) Tj ET Q q 0 0 0 rg BT 169.67 90.90 Td (a ) Tj ET Q q 0 0 0 rg BT 176.72 90.90 Td (diminishing ) Tj ET Q q 0 0 0 rg BT 227.13 90.90 Td (statutory ) Tj ET Q q 0 0 0 rg BT 264.74 90.90 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 321.79 90.90 Td (surplus, ) Tj ET Q q 0 0 0 rg BT 355.80 90.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 390.63 90.90 Td (to ) Tj ET Q q 0 0 0 rg BT 401.02 90.90 Td (the ) Tj ET Q q 0 0 0 rg BT 415.86 90.90 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 438.47 90.90 Td (or ) Tj ET Q q 0 0 0 rg BT 449.42 90.90 Td (New ) Tj ET Q q 0 0 0 rg BT 470.53 90.90 Td (Y) Tj ET Q q 0 0 0 rg BT 476.75 90.90 Td (ork ) Tj ET Q q 0 0 0 rg BT 492.70 90.90 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 78.90 Td (laws ) Tj ET Q q 0 0 0 rg BT 103.01 78.90 Td (or ) Tj ET Q q 0 0 0 rg BT 115.02 78.90 Td (regulations ) Tj ET Q q 0 0 0 rg BT 163.13 78.90 Td (or ) Tj ET Q q 0 0 0 rg BT 175.14 78.90 Td (for ) Tj ET Q q 0 0 0 rg BT 190.48 78.90 Td (some ) Tj ET Q q 0 0 0 rg BT 215.27 78.90 Td (other ) Tj ET Q q 0 0 0 rg BT 239.49 78.90 Td (reason. ) Tj ET Q q 0 0 0 rg BT 271.77 78.90 Td (Further) Tj ET Q q 0 0 0 rg BT 300.81 78.90 Td (, ) Tj ET Q q 0 0 0 rg BT 306.99 78.90 Td (the ) Tj ET Q q 0 0 0 rg BT 322.88 78.90 Td (covenants ) Tj ET Q q 0 0 0 rg BT 366.55 78.90 Td (in ) Tj ET Q q 0 0 0 rg BT 378.01 78.90 Td (the ) Tj ET Q q 0 0 0 rg BT 393.90 78.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 439.22 78.90 Td (governing ) Tj ET Q q 0 0 0 rg BT 483.45 78.90 Td (the ) Tj ET Q q 0 0 0 rg BT 499.34 78.90 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 66.90 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 135.25 66.90 Td (of ) Tj ET Q q 0 0 0 rg BT 146.17 66.90 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 174.87 66.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 227.46 66.90 Td (restrict ) Tj ET Q q 0 0 0 rg BT 257.81 66.90 Td (its ) Tj ET Q q 0 0 0 rg BT 269.85 66.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 298.00 66.90 Td (to ) Tj ET Q q 0 0 0 rg BT 308.37 66.90 Td (pay ) Tj ET Q q 0 0 0 rg BT 325.40 66.90 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 369.37 66.90 Td (which ) Tj ET Q q 0 0 0 rg BT 396.40 66.90 Td (further ) Tj ET Q q 0 0 0 rg BT 426.20 66.90 Td (limits ) Tj ET Q q 0 0 0 rg BT 451.58 66.90 Td (our ) Tj ET Q q 0 0 0 rg BT 467.50 66.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 495.64 66.90 Td (to ) Tj ET Q q 0 0 0 rg BT 506.01 66.90 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 54.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 100.99 54.90 Td (or ) Tj ET Q q 0 0 0 rg BT 111.54 54.90 Td (other ) Tj ET Q q 0 0 0 rg BT 134.31 54.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 159.86 54.90 Td (from ) Tj ET Q q 0 0 0 rg BT 181.52 54.90 Td (our ) Tj ET Q q 0 0 0 rg BT 197.07 54.90 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 249.01 54.90 Td (If ) Tj ET Q q 0 0 0 rg BT 257.89 54.90 Td (our ) Tj ET Q q 0 0 0 rg BT 273.45 54.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 322.88 54.90 Td (cannot ) Tj ET Q q 0 0 0 rg BT 351.76 54.90 Td (pay ) Tj ET Q q 0 0 0 rg BT 368.42 54.90 Td (suf) Tj ET Q q 0 0 0 rg BT 380.46 54.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 408.23 54.90 Td (dividends ) Tj ET Q q 0 0 0 rg BT 449.33 54.90 Td (or ) Tj ET Q q 0 0 0 rg BT 459.89 54.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 512.11 54.90 Td (to ) Tj ET Q q 0 0 0 rg BT 522.11 54.90 Td (us ) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.61 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.66 735.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 135.87 735.60 Td (we ) Tj ET Q q 0 0 0 rg BT 150.37 735.60 Td (would ) Tj ET Q q 0 0 0 rg BT 178.20 735.60 Td (be ) Tj ET Q q 0 0 0 rg BT 190.47 735.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 219.96 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 230.57 735.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 252.84 735.60 Td (our ) Tj ET Q q 0 0 0 rg BT 269.00 735.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 316.28 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 327.44 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 338.06 735.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 355.33 735.60 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 399.34 735.60 Td (This ) Tj ET Q q 0 0 0 rg BT 419.95 735.60 Td (would ) Tj ET Q q 0 0 0 rg BT 447.79 735.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 492.27 735.60 Td (af) Tj ET Q q 0 0 0 rg BT 499.86 735.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 517.68 735.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (business ) Tj ET Q q 0 0 0 rg BT 117.39 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.33 723.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.81 723.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 212.08 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 222.91 723.60 Td (well ) Tj ET Q q 0 0 0 rg BT 242.63 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 253.46 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 268.18 723.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 299.00 723.60 Td (price ) Tj ET Q q 0 0 0 rg BT 321.49 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 332.32 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 348.15 723.60 Td (common ) Tj ET Q q 0 0 0 rg BT 385.64 723.60 Td (stock. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 698.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 106.84 698.10 Td (Relating ) Tj ET Q q 0 0 0 rg BT 145.45 698.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.28 698.10 Td (Our) Tj ET Q q 0 0 0 rg BT 173.88 698.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.38 698.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 218.32 698.10 Td (Stock ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 681.60 Td (The ) Tj ET Q q 0 0 0 rg BT 99.61 681.60 Td (market ) Tj ET Q q 0 0 0 rg BT 131.00 681.60 Td (price ) Tj ET Q q 0 0 0 rg BT 154.04 681.60 Td (of ) Tj ET Q q 0 0 0 rg BT 164.87 681.60 Td (our ) Tj ET Q q 0 0 0 rg BT 181.83 681.60 Td (common ) Tj ET Q q 0 0 0 rg BT 219.88 681.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 243.49 681.60 Td (may ) Tj ET Q q 0 0 0 rg BT 263.21 681.60 Td (be ) Tj ET Q q 0 0 0 rg BT 275.15 681.60 Td (volatile ) Tj ET Q q 0 0 0 rg BT 307.64 681.60 Td (and ) Tj ET Q q 0 0 0 rg BT 325.70 681.60 Td (could ) Tj ET Q q 0 0 0 rg BT 350.98 681.60 Td (decline.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.91 681.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.27 665.10 Td (market ) Tj ET Q q 0 0 0 rg BT 153.76 665.10 Td (price ) Tj ET Q q 0 0 0 rg BT 176.48 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.53 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 203.59 665.10 Td (common ) Tj ET Q q 0 0 0 rg BT 241.31 665.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 265.15 665.10 Td (may ) Tj ET Q q 0 0 0 rg BT 285.09 665.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 322.80 665.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 375.52 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.02 665.10 Td (response ) Tj ET Q q 0 0 0 rg BT 423.74 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.25 665.10 Td (various ) Tj ET Q q 0 0 0 rg BT 466.41 665.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 498.85 665.10 Td (some ) Tj ET Q q 0 0 0 rg BT 522.68 665.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 653.10 Td (which ) Tj ET Q q 0 0 0 rg BT 107.87 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 122.50 653.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 154.37 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 170.13 653.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 203.39 653.10 Td (In ) Tj ET Q q 0 0 0 rg BT 214.14 653.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 249.35 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.55 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.20 653.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 303.84 653.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 344.60 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.80 653.10 Td (this ) Tj ET Q q 0 0 0 rg BT 371.68 653.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 396.89 653.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 433.19 653.10 Td (section ) Tj ET Q q 0 0 0 rg BT 463.95 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.82 653.10 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 523.22 653.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 641.10 Td (this ) Tj ET Q q 0 0 0 rg BT 97.95 641.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 122.12 641.10 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 147.67 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.39 641.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 192.09 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 209.59 641.10 Td (could ) Tj ET Q q 0 0 0 rg BT 234.31 641.10 Td (af) Tj ET Q q 0 0 0 rg BT 241.89 641.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 259.38 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.21 641.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 298.82 641.10 Td (price ) Tj ET Q q 0 0 0 rg BT 321.30 641.10 Td (are: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 624.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 624.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 152.28 624.60 Td (or ) Tj ET Q q 0 0 0 rg BT 163.11 624.60 Td (general ) Tj ET Q q 0 0 0 rg BT 195.03 624.60 Td (market ) Tj ET Q q 0 0 0 rg BT 225.30 624.60 Td (conditions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 608.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 608.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 155.60 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.54 608.10 Td (international ) Tj ET Q q 0 0 0 rg BT 225.58 608.10 Td (political ) Tj ET Q q 0 0 0 rg BT 260.85 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.79 608.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 319.16 608.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 348.87 608.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 388.57 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.85 608.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.68 608.10 Td (performance; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 591.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 591.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 143.37 591.60 Td (or ) Tj ET Q q 0 0 0 rg BT 154.20 591.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 200.57 591.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 250.28 591.60 Td (in ) Tj ET Q q 0 0 0 rg BT 260.56 591.60 Td (our ) Tj ET Q q 0 0 0 rg BT 276.39 591.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 314.98 591.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 355.25 591.60 Td (results; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 575.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 575.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.99 575.10 Td (or ) Tj ET Q q 0 0 0 rg BT 172.82 575.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 201.41 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.69 575.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 233.62 575.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 268.89 575.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 308.61 575.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 361.09 575.10 Td (as ) Tj ET Q q 0 0 0 rg BT 371.92 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.20 575.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.03 575.10 Td (future ) Tj ET Q q 0 0 0 rg BT 424.41 575.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.89 575.10 Td (performance; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 558.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 558.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.76 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 162.09 558.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 202.40 558.60 Td (analysts) Tj ET Q q 0 0 0 rg BT 237.20 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 239.75 558.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 279.52 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 290.40 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 306.28 558.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 343.81 558.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 396.88 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 407.76 558.60 Td (lack ) Tj ET Q q 0 0 0 rg BT 426.97 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 437.85 558.60 Td (research ) Tj ET Q q 0 0 0 rg BT 473.70 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.69 558.60 Td (reports ) Tj ET Q q 0 0 0 rg BT 521.01 558.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 546.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 152.28 546.60 Td (analysts; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 530.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 530.10 Td (action ) Tj ET Q q 0 0 0 rg BT 144.57 530.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.71 530.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 208.62 530.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 262.30 530.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.77 530.10 Td (other ) Tj ET Q q 0 0 0 rg BT 297.45 530.10 Td (lar) Tj ET Q q 0 0 0 rg BT 307.82 530.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 320.39 530.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 376.57 530.10 Td (such ) Tj ET Q q 0 0 0 rg BT 398.03 530.10 Td (as ) Tj ET Q q 0 0 0 rg BT 409.50 530.10 Td (HRG, ) Tj ET Q q 0 0 0 rg BT 436.25 530.10 Td (including ) Tj ET Q q 0 0 0 rg BT 477.16 530.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 499.74 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.20 530.10 Td (lar) Tj ET Q q 0 0 0 rg BT 521.57 530.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 518.10 Td (blocks ) Tj ET Q q 0 0 0 rg BT 145.61 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.44 518.10 Td (common ) Tj ET Q q 0 0 0 rg BT 193.93 518.10 Td (stock; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 501.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 501.60 Td (speculation ) Tj ET Q q 0 0 0 rg BT 165.04 501.60 Td (in ) Tj ET Q q 0 0 0 rg BT 175.32 501.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.04 501.60 Td (press ) Tj ET Q q 0 0 0 rg BT 213.09 501.60 Td (or ) Tj ET Q q 0 0 0 rg BT 223.92 501.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 270.30 501.60 Td (community; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 485.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 485.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.99 485.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 196.70 485.10 Td (perception ) Tj ET Q q 0 0 0 rg BT 241.40 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.23 485.10 Td (us ) Tj ET Q q 0 0 0 rg BT 263.63 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.56 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.39 485.10 Td (industry; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 468.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 468.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 468.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.99 468.60 Td (market ) Tj ET Q q 0 0 0 rg BT 192.25 468.60 Td (valuations ) Tj ET Q q 0 0 0 rg BT 235.85 468.60 Td (or ) Tj ET Q q 0 0 0 rg BT 246.68 468.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 283.06 468.60 Td (of ) Tj ET Q q 0 0 0 rg BT 293.89 468.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 324.16 468.60 Td (companies; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 452.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 452.10 Td (announcements ) Tj ET Q q 0 0 0 rg BT 183.20 452.10 Td (by ) Tj ET Q q 0 0 0 rg BT 197.20 452.10 Td (us ) Tj ET Q q 0 0 0 rg BT 210.09 452.10 Td (or ) Tj ET Q q 0 0 0 rg BT 222.42 452.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.75 452.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 290.96 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.29 452.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 349.50 452.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 390.43 452.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 433.03 452.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 484.80 452.10 Td (or ) Tj ET Q q 0 0 0 rg BT 497.13 452.10 Td (strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 440.10 Td (partnerships; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 423.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 423.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.71 423.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.99 423.60 Td (our ) Tj ET Q q 0 0 0 rg BT 177.82 423.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 206.97 423.60 Td (structure, ) Tj ET Q q 0 0 0 rg BT 246.95 423.60 Td (such ) Tj ET Q q 0 0 0 rg BT 267.78 423.60 Td (as ) Tj ET Q q 0 0 0 rg BT 278.61 423.60 Td (future ) Tj ET Q q 0 0 0 rg BT 304.99 423.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 326.93 423.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.76 423.60 Td (our ) Tj ET Q q 0 0 0 rg BT 353.59 423.60 Td (common ) Tj ET Q q 0 0 0 rg BT 391.08 423.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 414.69 423.60 Td (or ) Tj ET Q q 0 0 0 rg BT 425.52 423.60 Td (other ) Tj ET Q q 0 0 0 rg BT 448.57 423.60 Td (securities; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 407.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 407.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 151.58 407.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.73 407.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 205.19 407.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 228.39 407.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 250.20 407.10 Td (or ) Tj ET Q q 0 0 0 rg BT 260.91 407.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 310.21 407.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 353.68 407.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 384.37 407.10 Td (af) Tj ET Q q 0 0 0 rg BT 391.96 407.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 422.10 407.10 Td (us ) Tj ET Q q 0 0 0 rg BT 433.36 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.17 407.10 Td (other ) Tj ET Q q 0 0 0 rg BT 473.09 407.10 Td (dynamics; ) Tj ET Q q 0 0 0 rg BT 516.57 407.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 390.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 390.60 Td (additions ) Tj ET Q q 0 0 0 rg BT 156.17 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 167.00 390.60 Td (departures ) Tj ET Q q 0 0 0 rg BT 211.14 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.97 390.60 Td (key ) Tj ET Q q 0 0 0 rg BT 238.91 390.60 Td (personnel. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 370.35 Td (The ) Tj ET Q q 0 0 0 rg BT 122.22 370.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 145.00 370.35 Td (markets ) Tj ET Q q 0 0 0 rg BT 178.32 370.35 Td (have ) Tj ET Q q 0 0 0 rg BT 198.87 370.35 Td (experienced ) Tj ET Q q 0 0 0 rg BT 248.85 370.35 Td (extreme ) Tj ET Q q 0 0 0 rg BT 282.72 370.35 Td (volatility ) Tj ET Q q 0 0 0 rg BT 320.50 370.35 Td (in ) Tj ET Q q 0 0 0 rg BT 329.95 370.35 Td (recent ) Tj ET Q q 0 0 0 rg BT 356.04 370.35 Td (years ) Tj ET Q q 0 0 0 rg BT 378.81 370.35 Td (that ) Tj ET Q q 0 0 0 rg BT 395.48 370.35 Td (has ) Tj ET Q q 0 0 0 rg BT 410.48 370.35 Td (been ) Tj ET Q q 0 0 0 rg BT 431.03 370.35 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 469.90 370.35 Td (to ) Tj ET Q q 0 0 0 rg BT 479.35 370.35 Td (the ) Tj ET Q q 0 0 0 rg BT 493.24 370.35 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 358.35 Td (performance ) Tj ET Q q 0 0 0 rg BT 134.32 358.35 Td (of ) Tj ET Q q 0 0 0 rg BT 145.45 358.35 Td (particular ) Tj ET Q q 0 0 0 rg BT 186.56 358.35 Td (companies. ) Tj ET Q q 0 0 0 rg BT 234.43 358.35 Td (These ) Tj ET Q q 0 0 0 rg BT 261.10 358.35 Td (broad ) Tj ET Q q 0 0 0 rg BT 286.67 358.35 Td (market ) Tj ET Q q 0 0 0 rg BT 317.24 358.35 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 367.25 358.35 Td (may ) Tj ET Q q 0 0 0 rg BT 387.27 358.35 Td (adversely ) Tj ET Q q 0 0 0 rg BT 428.38 358.35 Td (af) Tj ET Q q 0 0 0 rg BT 435.97 358.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 453.75 358.35 Td (the ) Tj ET Q q 0 0 0 rg BT 468.77 358.35 Td (trading ) Tj ET Q q 0 0 0 rg BT 499.90 358.35 Td (price ) Tj ET Q q 0 0 0 rg BT 522.68 358.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 346.35 Td (our ) Tj ET Q q 0 0 0 rg BT 96.70 346.35 Td (common ) Tj ET Q q 0 0 0 rg BT 134.06 346.35 Td (stock. ) Tj ET Q q 0 0 0 rg BT 160.04 346.35 Td (In ) Tj ET Q q 0 0 0 rg BT 170.73 346.35 Td (the ) Tj ET Q q 0 0 0 rg BT 185.32 346.35 Td (past, ) Tj ET Q q 0 0 0 rg BT 206.29 346.35 Td (following ) Tj ET Q q 0 0 0 rg BT 247.55 346.35 Td (periods ) Tj ET Q q 0 0 0 rg BT 279.35 346.35 Td (of ) Tj ET Q q 0 0 0 rg BT 290.05 346.35 Td (volatility ) Tj ET Q q 0 0 0 rg BT 328.52 346.35 Td (in ) Tj ET Q q 0 0 0 rg BT 338.67 346.35 Td (the ) Tj ET Q q 0 0 0 rg BT 353.25 346.35 Td (market ) Tj ET Q q 0 0 0 rg BT 383.38 346.35 Td (price ) Tj ET Q q 0 0 0 rg BT 405.74 346.35 Td (of ) Tj ET Q q 0 0 0 rg BT 416.43 346.35 Td (a ) Tj ET Q q 0 0 0 rg BT 423.24 346.35 Td (company) Tj ET Q q 0 0 0 rg BT 462.67 346.35 Td (s ) Tj ET Q q 0 0 0 rg BT 468.93 346.35 Td (securities, ) Tj ET Q q 0 0 0 rg BT 511.56 346.35 Td (class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 334.35 Td (action ) Tj ET Q q 0 0 0 rg BT 107.25 334.35 Td (litigation ) Tj ET Q q 0 0 0 rg BT 145.17 334.35 Td (has ) Tj ET Q q 0 0 0 rg BT 160.32 334.35 Td (often ) Tj ET Q q 0 0 0 rg BT 182.68 334.35 Td (been ) Tj ET Q q 0 0 0 rg BT 203.37 334.35 Td (instituted ) Tj ET Q q 0 0 0 rg BT 242.41 334.35 Td (against ) Tj ET Q q 0 0 0 rg BT 272.55 334.35 Td (such ) Tj ET Q q 0 0 0 rg BT 292.70 334.35 Td (company) Tj ET Q q 0 0 0 rg BT 328.70 334.35 Td (. ) Tj ET Q q 0 0 0 rg BT 332.62 334.35 Td (Any ) Tj ET Q q 0 0 0 rg BT 351.65 334.35 Td (litigation ) Tj ET Q q 0 0 0 rg BT 389.58 334.35 Td (of ) Tj ET Q q 0 0 0 rg BT 399.72 334.35 Td (this ) Tj ET Q q 0 0 0 rg BT 415.99 334.35 Td (type ) Tj ET Q q 0 0 0 rg BT 435.02 334.35 Td (brought ) Tj ET Q q 0 0 0 rg BT 467.94 334.35 Td (against ) Tj ET Q q 0 0 0 rg BT 498.08 334.35 Td (us ) Tj ET Q q 0 0 0 rg BT 508.79 334.35 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 322.35 Td (result ) Tj ET Q q 0 0 0 rg BT 106.26 322.35 Td (in ) Tj ET Q q 0 0 0 rg BT 117.09 322.35 Td (substantial ) Tj ET Q q 0 0 0 rg BT 162.91 322.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 185.95 322.35 Td (and ) Tj ET Q q 0 0 0 rg BT 203.44 322.35 Td (a ) Tj ET Q q 0 0 0 rg BT 210.92 322.35 Td (diversion ) Tj ET Q q 0 0 0 rg BT 251.18 322.35 Td (of ) Tj ET Q q 0 0 0 rg BT 262.56 322.35 Td (our ) Tj ET Q q 0 0 0 rg BT 278.94 322.35 Td (management) Tj ET Q q 0 0 0 rg BT 332.80 322.35 Td (s ) Tj ET Q q 0 0 0 rg BT 339.74 322.35 Td (attention ) Tj ET Q q 0 0 0 rg BT 377.78 322.35 Td (and ) Tj ET Q q 0 0 0 rg BT 395.26 322.35 Td (resources, ) Tj ET Q q 0 0 0 rg BT 438.57 322.35 Td (which ) Tj ET Q q 0 0 0 rg BT 466.05 322.35 Td (would ) Tj ET Q q 0 0 0 rg BT 494.10 322.35 Td (harm ) Tj ET Q q 0 0 0 rg BT 517.69 322.35 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 310.35 Td (business, ) Tj ET Q q 0 0 0 rg BT 119.89 310.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.16 310.35 Td (results ) Tj ET Q q 0 0 0 rg BT 188.76 310.35 Td (and ) Tj ET Q q 0 0 0 rg BT 205.70 310.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.18 310.35 Td (condition. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 290.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 112.17 290.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 134.44 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.04 290.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.31 290.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 199.60 290.10 Td (number ) Tj ET Q q 0 0 0 rg BT 234.10 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.70 290.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 273.64 290.10 Td (by ) Tj ET Q q 0 0 0 rg BT 285.35 290.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 319.85 290.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 375.46 290.10 Td (could ) Tj ET Q q 0 0 0 rg BT 400.51 290.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 426.11 290.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.83 290.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 466.21 290.10 Td (price ) Tj ET Q q 0 0 0 rg BT 489.03 290.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.07 290.10 Td (decline.) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 269.85 Td (Sales ) Tj ET Q q 0 0 0 rg BT 129.00 269.85 Td (of ) Tj ET Q q 0 0 0 rg BT 140.22 269.85 Td (substantial ) Tj ET Q q 0 0 0 rg BT 185.89 269.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 222.67 269.85 Td (of ) Tj ET Q q 0 0 0 rg BT 233.89 269.85 Td (our ) Tj ET Q q 0 0 0 rg BT 250.11 269.85 Td (common ) Tj ET Q q 0 0 0 rg BT 288.00 269.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.00 269.85 Td (in ) Tj ET Q q 0 0 0 rg BT 322.67 269.85 Td (the ) Tj ET Q q 0 0 0 rg BT 337.78 269.85 Td (public ) Tj ET Q q 0 0 0 rg BT 365.67 269.85 Td (market, ) Tj ET Q q 0 0 0 rg BT 398.82 269.85 Td (or ) Tj ET Q q 0 0 0 rg BT 410.04 269.85 Td (the ) Tj ET Q q 0 0 0 rg BT 425.15 269.85 Td (perception ) Tj ET Q q 0 0 0 rg BT 470.25 269.85 Td (that ) Tj ET Q q 0 0 0 rg BT 488.13 269.85 Td (these ) Tj ET Q q 0 0 0 rg BT 511.57 269.85 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 257.85 Td (could ) Tj ET Q q 0 0 0 rg BT 106.14 257.85 Td (occur) Tj ET Q q 0 0 0 rg BT 127.94 257.85 Td (, ) Tj ET Q q 0 0 0 rg BT 133.37 257.85 Td (could ) Tj ET Q q 0 0 0 rg BT 158.50 257.85 Td (cause ) Tj ET Q q 0 0 0 rg BT 183.63 257.85 Td (the ) Tj ET Q q 0 0 0 rg BT 198.77 257.85 Td (market ) Tj ET Q q 0 0 0 rg BT 229.46 257.85 Td (price ) Tj ET Q q 0 0 0 rg BT 252.36 257.85 Td (of ) Tj ET Q q 0 0 0 rg BT 263.61 257.85 Td (our ) Tj ET Q q 0 0 0 rg BT 279.87 257.85 Td (common ) Tj ET Q q 0 0 0 rg BT 317.78 257.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 341.81 257.85 Td (to ) Tj ET Q q 0 0 0 rg BT 352.51 257.85 Td (decline. ) Tj ET Q q 0 0 0 rg BT 386.16 257.85 Td (As ) Tj ET Q q 0 0 0 rg BT 400.19 257.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.45 257.85 Td (September30, ) Tj ET Q q 0 0 0 rg BT 472.13 257.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.13 257.85 Td (, ) Tj ET Q q 0 0 0 rg BT 497.55 257.85 Td (we ) Tj ET Q q 0 0 0 rg BT 512.13 257.85 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 245.85 Td (58,956 ) Tj ET Q q 0 0 0 rg BT 110.64 245.85 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.75 245.85 Td ( ) Tj ET Q q 0 0 0 rg BT 148.90 245.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 197.70 245.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 224.84 245.85 Td (of ) Tj ET Q q 0 0 0 rg BT 235.31 245.85 Td (common ) Tj ET Q q 0 0 0 rg BT 272.45 245.85 Td (stock. ) Tj ET Q q 0 0 0 rg BT 298.05 245.85 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.74 245.85 Td (9,750 ) Tj ET Q q 0 0 0 rg BT 340.38 245.85 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.49 245.85 Td ( ) Tj ET Q q 0 0 0 rg BT 378.63 245.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 405.77 245.85 Td (sold ) Tj ET Q q 0 0 0 rg BT 424.58 245.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 461.16 245.85 Td (to ) Tj ET Q q 0 0 0 rg BT 471.08 245.85 Td (the ) Tj ET Q q 0 0 0 rg BT 485.44 245.85 Td (Company) Tj ET Q q 0 0 0 rg BT 527.11 245.85 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 233.85 Td (initial ) Tj ET Q q 0 0 0 rg BT 106.73 233.85 Td (public ) Tj ET Q q 0 0 0 rg BT 134.12 233.85 Td (of) Tj ET Q q 0 0 0 rg BT 142.27 233.85 Td (fering ) Tj ET Q q 0 0 0 rg BT 168.54 233.85 Td (\("IPO"\) ) Tj ET Q q 0 0 0 rg BT 201.88 233.85 Td (on ) Tj ET Q q 0 0 0 rg BT 214.27 233.85 Td (December ) Tj ET Q q 0 0 0 rg BT 257.75 233.85 Td (13, ) Tj ET Q q 0 0 0 rg BT 272.65 233.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 297.54 233.85 Td (as ) Tj ET Q q 0 0 0 rg BT 308.27 233.85 Td (well ) Tj ET Q q 0 0 0 rg BT 327.88 233.85 Td (as ) Tj ET Q q 0 0 0 rg BT 338.61 233.85 Td (the ) Tj ET Q q 0 0 0 rg BT 353.22 233.85 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.61 233.85 Td (1,463 ) Tj ET Q q 0 0 0 rg BT 420.51 233.85 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.62 233.85 Td ( ) Tj ET Q q 0 0 0 rg BT 459.01 233.85 Td (options ) Tj ET Q q 0 0 0 rg BT 490.86 233.85 Td (granted ) Tj ET Q q 0 0 0 rg BT 523.24 233.85 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 221.85 Td (the ) Tj ET Q q 0 0 0 rg BT 97.00 221.85 Td (underwriters ) Tj ET Q q 0 0 0 rg BT 151.33 221.85 Td (that ) Tj ET Q q 0 0 0 rg BT 170.11 221.85 Td (was ) Tj ET Q q 0 0 0 rg BT 189.44 221.85 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 245.45 221.85 Td (exercised, ) Tj ET Q q 0 0 0 rg BT 289.49 221.85 Td (became ) Tj ET Q q 0 0 0 rg BT 323.80 221.85 Td (immediately ) Tj ET Q q 0 0 0 rg BT 377.57 221.85 Td (tradable ) Tj ET Q q 0 0 0 rg BT 413.56 221.85 Td (without ) Tj ET Q q 0 0 0 rg BT 447.90 221.85 Td (restriction ) Tj ET Q q 0 0 0 rg BT 492.23 221.85 Td (under ) Tj ET Q q 0 0 0 rg BT 518.79 221.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 209.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 122.42 209.85 Td (Act ) Tj ET Q q 0 0 0 rg BT 139.40 209.85 Td (unless ) Tj ET Q q 0 0 0 rg BT 166.94 209.85 Td (held ) Tj ET Q q 0 0 0 rg BT 186.70 209.85 Td (by ) Tj ET Q q 0 0 0 rg BT 199.25 209.85 Td (af) Tj ET Q q 0 0 0 rg BT 211.27 209.85 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 247.97 209.85 Td (as ) Tj ET Q q 0 0 0 rg BT 258.84 209.85 Td (that ) Tj ET Q q 0 0 0 rg BT 276.38 209.85 Td (term ) Tj ET Q q 0 0 0 rg BT 297.25 209.85 Td (is ) Tj ET Q q 0 0 0 rg BT 306.46 209.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 338.99 209.85 Td (in ) Tj ET Q q 0 0 0 rg BT 349.32 209.85 Td (Rule ) Tj ET Q q 0 0 0 rg BT 370.75 209.85 Td (144 ) Tj ET Q q 0 0 0 rg BT 388.29 209.85 Td (under ) Tj ET Q q 0 0 0 rg BT 413.60 209.85 Td (the ) Tj ET Q q 0 0 0 rg BT 428.36 209.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 469.78 209.85 Td (Act ) Tj ET Q q 0 0 0 rg BT 486.76 209.85 Td (of ) Tj ET Q q 0 0 0 rg BT 497.64 209.85 Td (1933, ) Tj ET Q q 0 0 0 rg BT 522.68 209.85 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 197.85 Td (amended ) Tj ET Q q 0 0 0 rg BT 120.02 197.85 Td (\(Securities ) Tj ET Q q 0 0 0 rg BT 169.51 197.85 Td (Act\). ) Tj ET Q q 0 0 0 rg BT 196.94 197.85 Td (The ) Tj ET Q q 0 0 0 rg BT 215.42 197.85 Td (remaining) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.46 197.85 Td (47,000 ) Tj ET Q q 0 0 0 rg BT 288.89 197.85 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 197.85 Td ( ) Tj ET Q q 0 0 0 rg BT 327.93 197.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 355.85 197.85 Td (of ) Tj ET Q q 0 0 0 rg BT 367.11 197.85 Td (common ) Tj ET Q q 0 0 0 rg BT 405.04 197.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 429.08 197.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 478.67 197.85 Td (are ) Tj ET Q q 0 0 0 rg BT 493.81 197.85 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 185.85 Td (securities ) Tj ET Q q 0 0 0 rg BT 120.18 185.85 Td (within ) Tj ET Q q 0 0 0 rg BT 147.15 185.85 Td (the ) Tj ET Q q 0 0 0 rg BT 160.77 185.85 Td (meaning ) Tj ET Q q 0 0 0 rg BT 196.62 185.85 Td (of ) Tj ET Q q 0 0 0 rg BT 206.36 185.85 Td (Rule ) Tj ET Q q 0 0 0 rg BT 226.66 185.85 Td (144 ) Tj ET Q q 0 0 0 rg BT 243.08 185.85 Td (under ) Tj ET Q q 0 0 0 rg BT 267.26 185.85 Td (the ) Tj ET Q q 0 0 0 rg BT 280.89 185.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 321.42 185.85 Td (Act, ) Tj ET Q q 0 0 0 rg BT 339.77 185.85 Td (but ) Tj ET Q q 0 0 0 rg BT 353.96 185.85 Td (will ) Tj ET Q q 0 0 0 rg BT 370.93 185.85 Td (be ) Tj ET Q q 0 0 0 rg BT 381.78 185.85 Td (eligible ) Tj ET Q q 0 0 0 rg BT 413.19 185.85 Td (for ) Tj ET Q q 0 0 0 rg BT 426.26 185.85 Td (resale ) Tj ET Q q 0 0 0 rg BT 450.99 185.85 Td (subject ) Tj ET Q q 0 0 0 rg BT 480.72 185.85 Td (to ) Tj ET Q q 0 0 0 rg BT 489.92 185.85 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 173.85 Td (volume, ) Tj ET Q q 0 0 0 rg BT 115.95 173.85 Td (means ) Tj ET Q q 0 0 0 rg BT 143.95 173.85 Td (of ) Tj ET Q q 0 0 0 rg BT 154.73 173.85 Td (sale, ) Tj ET Q q 0 0 0 rg BT 175.23 173.85 Td (holding ) Tj ET Q q 0 0 0 rg BT 208.24 173.85 Td (period ) Tj ET Q q 0 0 0 rg BT 236.24 173.85 Td (and ) Tj ET Q q 0 0 0 rg BT 253.14 173.85 Td (other ) Tj ET Q q 0 0 0 rg BT 276.14 173.85 Td (limitations ) Tj ET Q q 0 0 0 rg BT 321.37 173.85 Td (of ) Tj ET Q q 0 0 0 rg BT 332.15 173.85 Td (Rule ) Tj ET Q q 0 0 0 rg BT 353.49 173.85 Td (144. ) Tj ET Q q 0 0 0 rg BT 373.27 173.85 Td (W) Tj ET Q q 0 0 0 rg BT 381.91 173.85 Td (e ) Tj ET Q q 0 0 0 rg BT 388.80 173.85 Td (also ) Tj ET Q q 0 0 0 rg BT 407.36 173.85 Td (have ) Tj ET Q q 0 0 0 rg BT 428.69 173.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 460.57 173.85 Td (into ) Tj ET Q q 0 0 0 rg BT 478.58 173.85 Td (a ) Tj ET Q q 0 0 0 rg BT 485.47 173.85 Td (registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 161.85 Td (rights ) Tj ET Q q 0 0 0 rg BT 106.29 161.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 150.45 161.85 Td (with ) Tj ET Q q 0 0 0 rg BT 170.74 161.85 Td (HRG ) Tj ET Q q 0 0 0 rg BT 194.37 161.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 231.32 161.85 Td (to ) Tj ET Q q 0 0 0 rg BT 241.61 161.85 Td (which ) Tj ET Q q 0 0 0 rg BT 268.56 161.85 Td (HRG ) Tj ET Q q 0 0 0 rg BT 292.19 161.85 Td (is ) Tj ET Q q 0 0 0 rg BT 301.37 161.85 Td (able ) Tj ET Q q 0 0 0 rg BT 320.54 161.85 Td (to ) Tj ET Q q 0 0 0 rg BT 330.83 161.85 Td (require ) Tj ET Q q 0 0 0 rg BT 361.66 161.85 Td (us ) Tj ET Q q 0 0 0 rg BT 373.07 161.85 Td (to ) Tj ET Q q 0 0 0 rg BT 383.36 161.85 Td (register ) Tj ET Q q 0 0 0 rg BT 415.86 161.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 443.36 161.85 Td (it ) Tj ET Q q 0 0 0 rg BT 451.43 161.85 Td (holds ) Tj ET Q q 0 0 0 rg BT 475.62 161.85 Td (for ) Tj ET Q q 0 0 0 rg BT 489.79 161.85 Td (resale. ) Tj ET Q q 0 0 0 rg BT 517.94 161.85 Td (W) Tj ET Q q 0 0 0 rg BT 526.58 161.85 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 149.85 Td (have ) Tj ET Q q 0 0 0 rg BT 101.92 149.85 Td (filed ) Tj ET Q q 0 0 0 rg BT 122.28 149.85 Td (and ) Tj ET Q q 0 0 0 rg BT 138.76 149.85 Td (intend ) Tj ET Q q 0 0 0 rg BT 165.79 149.85 Td (to ) Tj ET Q q 0 0 0 rg BT 175.61 149.85 Td (file ) Tj ET Q q 0 0 0 rg BT 190.97 149.85 Td (registration ) Tj ET Q q 0 0 0 rg BT 238.55 149.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 282.80 149.85 Td (under ) Tj ET Q q 0 0 0 rg BT 307.61 149.85 Td (the ) Tj ET Q q 0 0 0 rg BT 321.86 149.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 362.89 149.85 Td (Act ) Tj ET Q q 0 0 0 rg BT 379.36 149.85 Td (to ) Tj ET Q q 0 0 0 rg BT 389.18 149.85 Td (register ) Tj ET Q q 0 0 0 rg BT 421.20 149.85 Td (the ) Tj ET Q q 0 0 0 rg BT 435.46 149.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 462.49 149.85 Td (of ) Tj ET Q q 0 0 0 rg BT 472.86 149.85 Td (common ) Tj ET Q q 0 0 0 rg BT 509.89 149.85 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 137.85 Td (to ) Tj ET Q q 0 0 0 rg BT 91.13 137.85 Td (be ) Tj ET Q q 0 0 0 rg BT 102.92 137.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 130.28 137.85 Td (under ) Tj ET Q q 0 0 0 rg BT 155.40 137.85 Td (our ) Tj ET Q q 0 0 0 rg BT 171.08 137.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 193.44 137.85 Td (Stock ) Tj ET Q q 0 0 0 rg BT 218.57 137.85 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 258.12 137.85 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 280.76 137.85 Td (as ) Tj ET Q q 0 0 0 rg BT 291.44 137.85 Td (amended ) Tj ET Q q 0 0 0 rg BT 329.89 137.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 347.79 137.85 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 391.25 137.85 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 419.15 137.85 Td (and, ) Tj ET Q q 0 0 0 rg BT 438.44 137.85 Td (as ) Tj ET Q q 0 0 0 rg BT 449.13 137.85 Td (a ) Tj ET Q q 0 0 0 rg BT 455.92 137.85 Td (result, ) Tj ET Q q 0 0 0 rg BT 482.99 137.85 Td (all ) Tj ET Q q 0 0 0 rg BT 495.34 137.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 522.68 137.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 125.85 Td (common ) Tj ET Q q 0 0 0 rg BT 118.09 125.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 141.29 125.85 Td (acquired ) Tj ET Q q 0 0 0 rg BT 177.80 125.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 199.90 125.85 Td (exercise ) Tj ET Q q 0 0 0 rg BT 234.74 125.85 Td (of ) Tj ET Q q 0 0 0 rg BT 245.17 125.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 268.37 125.85 Td (options ) Tj ET Q q 0 0 0 rg BT 299.91 125.85 Td (and ) Tj ET Q q 0 0 0 rg BT 316.44 125.85 Td (vesting ) Tj ET Q q 0 0 0 rg BT 347.42 125.85 Td (of ) Tj ET Q q 0 0 0 rg BT 357.84 125.85 Td (unvested ) Tj ET Q q 0 0 0 rg BT 395.48 125.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 434.77 125.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 461.85 125.85 Td (granted ) Tj ET Q q 0 0 0 rg BT 493.93 125.85 Td (under ) Tj ET Q q 0 0 0 rg BT 518.79 125.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 113.85 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 121.16 113.85 Td (Plan ) Tj ET Q q 0 0 0 rg BT 142.42 113.85 Td (will ) Tj ET Q q 0 0 0 rg BT 161.46 113.85 Td (also ) Tj ET Q q 0 0 0 rg BT 181.06 113.85 Td (be ) Tj ET Q q 0 0 0 rg BT 193.98 113.85 Td (freely ) Tj ET Q q 0 0 0 rg BT 220.79 113.85 Td (tradable ) Tj ET Q q 0 0 0 rg BT 256.47 113.85 Td (under ) Tj ET Q q 0 0 0 rg BT 282.73 113.85 Td (the ) Tj ET Q q 0 0 0 rg BT 298.43 113.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 340.58 113.85 Td (Act, ) Tj ET Q q 0 0 0 rg BT 361.01 113.85 Td (unless ) Tj ET Q q 0 0 0 rg BT 389.49 113.85 Td (purchased ) Tj ET Q q 0 0 0 rg BT 433.52 113.85 Td (by ) Tj ET Q q 0 0 0 rg BT 447.00 113.85 Td (our ) Tj ET Q q 0 0 0 rg BT 463.82 113.85 Td (af) Tj ET Q q 0 0 0 rg BT 471.41 113.85 Td (filiates.) Tj ET Q q 0 0 0 rg BT 503.07 113.85 Td (A) Tj ET Q q 0 0 0 rg BT 509.74 113.85 Td ( ) Tj ET Q q 0 0 0 rg BT 513.22 113.85 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 101.85 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.83 101.85 Td (2,838 ) Tj ET Q q 0 0 0 rg BT 117.03 101.85 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.13 101.85 Td ( ) Tj ET Q q 0 0 0 rg BT 155.83 101.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 183.51 101.85 Td (of ) Tj ET Q q 0 0 0 rg BT 194.54 101.85 Td (common ) Tj ET Q q 0 0 0 rg BT 232.23 101.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 256.03 101.85 Td (are ) Tj ET Q q 0 0 0 rg BT 270.94 101.85 Td (reserved ) Tj ET Q q 0 0 0 rg BT 307.50 101.85 Td (for ) Tj ET Q q 0 0 0 rg BT 321.85 101.85 Td (issuance ) Tj ET Q q 0 0 0 rg BT 358.43 101.85 Td (under ) Tj ET Q q 0 0 0 rg BT 383.89 101.85 Td (the ) Tj ET Q q 0 0 0 rg BT 398.80 101.85 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 438.17 101.85 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 460.55 101.85 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.24 101.85 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 89.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 89.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 89.85 Td (1,159 ) Tj ET Q q 0 0 0 rg BT 131.00 89.85 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.11 89.85 Td ( ) Tj ET Q q 0 0 0 rg BT 169.61 89.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 197.10 89.85 Td (remain ) Tj ET Q q 0 0 0 rg BT 227.36 89.85 Td (available ) Tj ET Q q 0 0 0 rg BT 265.95 89.85 Td (for ) Tj ET Q q 0 0 0 rg BT 280.11 89.85 Td (future ) Tj ET Q q 0 0 0 rg BT 306.49 89.85 Td (issuance ) Tj ET Q q 0 0 0 rg BT 342.87 89.85 Td (under ) Tj ET Q q 0 0 0 rg BT 368.13 89.85 Td (the ) Tj ET Q q 0 0 0 rg BT 382.85 89.85 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 422.02 89.85 Td (Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 69.60 Td (In ) Tj ET Q q 0 0 0 rg BT 116.06 69.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.01 69.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 160.11 69.60 Td (we ) Tj ET Q q 0 0 0 rg BT 174.50 69.60 Td (may ) Tj ET Q q 0 0 0 rg BT 194.45 69.60 Td (issue ) Tj ET Q q 0 0 0 rg BT 217.18 69.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 259.90 69.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 287.62 69.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.68 69.60 Td (common ) Tj ET Q q 0 0 0 rg BT 336.40 69.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 360.24 69.60 Td (or ) Tj ET Q q 0 0 0 rg BT 371.30 69.60 Td (other ) Tj ET Q q 0 0 0 rg BT 394.58 69.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 422.30 69.60 Td (or ) Tj ET Q q 0 0 0 rg BT 433.36 69.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 456.64 69.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 493.25 69.60 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 57.60 Td (convertible ) Tj ET Q q 0 0 0 rg BT 129.71 57.60 Td (into ) Tj ET Q q 0 0 0 rg BT 148.99 57.60 Td (common ) Tj ET Q q 0 0 0 rg BT 187.71 57.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 212.55 57.60 Td (in ) Tj ET Q q 0 0 0 rg BT 224.05 57.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 271.65 57.60 Td (with ) Tj ET Q q 0 0 0 rg BT 293.16 57.60 Td (a ) Tj ET Q q 0 0 0 rg BT 301.32 57.60 Td (financing, ) Tj ET Q q 0 0 0 rg BT 345.31 57.60 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 395.42 57.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 435.26 57.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 480.08 57.60 Td (or ) Tj ET Q q 0 0 0 rg BT 492.14 57.60 Td (employee ) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 133.48 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 144.32 735.60 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 187.65 735.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 207.38 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 218.21 735.60 Td (these ) Tj ET Q q 0 0 0 rg BT 241.27 735.60 Td (issuances ) Tj ET Q q 0 0 0 rg BT 281.54 735.60 Td (could ) Tj ET Q q 0 0 0 rg BT 306.27 735.60 Td (result ) Tj ET Q q 0 0 0 rg BT 330.99 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 341.28 735.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 386.56 735.60 Td (dilution ) Tj ET Q q 0 0 0 rg BT 420.18 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 430.46 735.60 Td (our ) Tj ET Q q 0 0 0 rg BT 446.30 735.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 480.47 735.60 Td (shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 723.60 Td (could ) Tj ET Q q 0 0 0 rg BT 122.66 723.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 147.36 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.08 723.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 192.90 723.60 Td (price ) Tj ET Q q 0 0 0 rg BT 215.39 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.22 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.05 723.60 Td (common ) Tj ET Q q 0 0 0 rg BT 279.54 723.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 303.15 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 313.43 723.60 Td (decline. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 714.15 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 702.15 Td (If ) Tj ET Q q 0 0 0 rg BT 90.63 702.15 Td (securities ) Tj ET Q q 0 0 0 rg BT 131.92 702.15 Td (or ) Tj ET Q q 0 0 0 rg BT 143.21 702.15 Td (industry ) Tj ET Q q 0 0 0 rg BT 179.52 702.15 Td (analysts ) Tj ET Q q 0 0 0 rg BT 215.26 702.15 Td (do ) Tj ET Q q 0 0 0 rg BT 227.66 702.15 Td (not ) Tj ET Q q 0 0 0 rg BT 243.41 702.15 Td (publish ) Tj ET Q q 0 0 0 rg BT 276.38 702.15 Td (research ) Tj ET Q q 0 0 0 rg BT 314.34 702.15 Td (or ) Tj ET Q q 0 0 0 rg BT 325.63 702.15 Td (publish ) Tj ET Q q 0 0 0 rg BT 358.61 702.15 Td (misleading ) Tj ET Q q 0 0 0 rg BT 406.02 702.15 Td (or ) Tj ET Q q 0 0 0 rg BT 417.31 702.15 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 469.72 702.15 Td (research ) Tj ET Q q 0 0 0 rg BT 507.67 702.15 Td (about ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 690.15 Td (our ) Tj ET Q q 0 0 0 rg BT 97.95 690.15 Td (business, ) Tj ET Q q 0 0 0 rg BT 137.97 690.15 Td (our ) Tj ET Q q 0 0 0 rg BT 154.92 690.15 Td (stock ) Tj ET Q q 0 0 0 rg BT 178.53 690.15 Td (price ) Tj ET Q q 0 0 0 rg BT 201.58 690.15 Td (and ) Tj ET Q q 0 0 0 rg BT 219.64 690.15 Td (trading ) Tj ET Q q 0 0 0 rg BT 252.15 690.15 Td (volume ) Tj ET Q q 0 0 0 rg BT 284.64 690.15 Td (could ) Tj ET Q q 0 0 0 rg BT 309.92 690.15 Td (decline.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.85 690.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 669.90 Td (The ) Tj ET Q q 0 0 0 rg BT 123.98 669.90 Td (trading ) Tj ET Q q 0 0 0 rg BT 155.74 669.90 Td (market ) Tj ET Q q 0 0 0 rg BT 186.93 669.90 Td (for ) Tj ET Q q 0 0 0 rg BT 202.03 669.90 Td (our ) Tj ET Q q 0 0 0 rg BT 218.79 669.90 Td (common ) Tj ET Q q 0 0 0 rg BT 257.22 669.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 281.76 669.90 Td (depends ) Tj ET Q q 0 0 0 rg BT 317.96 669.90 Td (in ) Tj ET Q q 0 0 0 rg BT 329.17 669.90 Td (part ) Tj ET Q q 0 0 0 rg BT 348.15 669.90 Td (on ) Tj ET Q q 0 0 0 rg BT 361.58 669.90 Td (the ) Tj ET Q q 0 0 0 rg BT 377.23 669.90 Td (research ) Tj ET Q q 0 0 0 rg BT 413.97 669.90 Td (and ) Tj ET Q q 0 0 0 rg BT 431.84 669.90 Td (reports ) Tj ET Q q 0 0 0 rg BT 463.04 669.90 Td (that ) Tj ET Q q 0 0 0 rg BT 481.47 669.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 522.67 669.90 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 657.90 Td (industry ) Tj ET Q q 0 0 0 rg BT 116.59 657.90 Td (analysts ) Tj ET Q q 0 0 0 rg BT 151.62 657.90 Td (publish ) Tj ET Q q 0 0 0 rg BT 183.88 657.90 Td (about ) Tj ET Q q 0 0 0 rg BT 208.91 657.90 Td (us ) Tj ET Q q 0 0 0 rg BT 220.61 657.90 Td (or ) Tj ET Q q 0 0 0 rg BT 231.75 657.90 Td (our ) Tj ET Q q 0 0 0 rg BT 247.89 657.90 Td (business. ) Tj ET Q q 0 0 0 rg BT 286.89 657.90 Td (W) Tj ET Q q 0 0 0 rg BT 295.53 657.90 Td (e ) Tj ET Q q 0 0 0 rg BT 302.78 657.90 Td (are ) Tj ET Q q 0 0 0 rg BT 317.80 657.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 356.70 657.90 Td (covered ) Tj ET Q q 0 0 0 rg BT 391.16 657.90 Td (by ) Tj ET Q q 0 0 0 rg BT 403.97 657.90 Td (one ) Tj ET Q q 0 0 0 rg BT 421.22 657.90 Td (or ) Tj ET Q q 0 0 0 rg BT 432.36 657.90 Td (more ) Tj ET Q q 0 0 0 rg BT 455.72 657.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 496.30 657.90 Td (analysts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 645.90 Td (but ) Tj ET Q q 0 0 0 rg BT 95.58 645.90 Td (there ) Tj ET Q q 0 0 0 rg BT 117.38 645.90 Td (is ) Tj ET Q q 0 0 0 rg BT 125.85 645.90 Td (no ) Tj ET Q q 0 0 0 rg BT 137.66 645.90 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 178.33 645.90 Td (such ) Tj ET Q q 0 0 0 rg BT 198.47 645.90 Td (coverage ) Tj ET Q q 0 0 0 rg BT 236.36 645.90 Td (will ) Tj ET Q q 0 0 0 rg BT 253.72 645.90 Td (continue. ) Tj ET Q q 0 0 0 rg BT 292.46 645.90 Td (If ) Tj ET Q q 0 0 0 rg BT 300.93 645.90 Td (one ) Tj ET Q q 0 0 0 rg BT 317.17 645.90 Td (or ) Tj ET Q q 0 0 0 rg BT 327.31 645.90 Td (more ) Tj ET Q q 0 0 0 rg BT 349.66 645.90 Td (of ) Tj ET Q q 0 0 0 rg BT 359.80 645.90 Td (the ) Tj ET Q q 0 0 0 rg BT 373.82 645.90 Td (analysts ) Tj ET Q q 0 0 0 rg BT 407.85 645.90 Td (covering ) Tj ET Q q 0 0 0 rg BT 444.64 645.90 Td (our ) Tj ET Q q 0 0 0 rg BT 459.77 645.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 482.69 645.90 Td (downgrades ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 633.90 Td (our ) Tj ET Q q 0 0 0 rg BT 96.25 633.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 119.27 633.90 Td (or ) Tj ET Q q 0 0 0 rg BT 129.52 633.90 Td (publishes ) Tj ET Q q 0 0 0 rg BT 169.22 633.90 Td (misleading ) Tj ET Q q 0 0 0 rg BT 215.02 633.90 Td (or ) Tj ET Q q 0 0 0 rg BT 225.27 633.90 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 274.94 633.90 Td (research ) Tj ET Q q 0 0 0 rg BT 310.16 633.90 Td (about ) Tj ET Q q 0 0 0 rg BT 334.30 633.90 Td (our ) Tj ET Q q 0 0 0 rg BT 349.54 633.90 Td (business, ) Tj ET Q q 0 0 0 rg BT 387.85 633.90 Td (our ) Tj ET Q q 0 0 0 rg BT 403.10 633.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 426.13 633.90 Td (price ) Tj ET Q q 0 0 0 rg BT 448.03 633.90 Td (would ) Tj ET Q q 0 0 0 rg BT 474.95 633.90 Td (likely ) Tj ET Q q 0 0 0 rg BT 499.64 633.90 Td (decline. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 621.90 Td (If ) Tj ET Q q 0 0 0 rg BT 89.66 621.90 Td (one ) Tj ET Q q 0 0 0 rg BT 106.10 621.90 Td (or ) Tj ET Q q 0 0 0 rg BT 116.42 621.90 Td (more ) Tj ET Q q 0 0 0 rg BT 138.97 621.90 Td (of ) Tj ET Q q 0 0 0 rg BT 149.30 621.90 Td (these ) Tj ET Q q 0 0 0 rg BT 171.84 621.90 Td (analysts ) Tj ET Q q 0 0 0 rg BT 206.06 621.90 Td (ceases ) Tj ET Q q 0 0 0 rg BT 233.59 621.90 Td (coverage ) Tj ET Q q 0 0 0 rg BT 271.68 621.90 Td (of ) Tj ET Q q 0 0 0 rg BT 282.01 621.90 Td (our ) Tj ET Q q 0 0 0 rg BT 297.33 621.90 Td (company ) Tj ET Q q 0 0 0 rg BT 335.99 621.90 Td (or ) Tj ET Q q 0 0 0 rg BT 346.32 621.90 Td (fails ) Tj ET Q q 0 0 0 rg BT 365.53 621.90 Td (to ) Tj ET Q q 0 0 0 rg BT 375.31 621.90 Td (publish ) Tj ET Q q 0 0 0 rg BT 406.76 621.90 Td (reports ) Tj ET Q q 0 0 0 rg BT 436.52 621.90 Td (on ) Tj ET Q q 0 0 0 rg BT 448.52 621.90 Td (us ) Tj ET Q q 0 0 0 rg BT 459.41 621.90 Td (regularly) Tj ET Q q 0 0 0 rg BT 494.86 621.90 Td (, ) Tj ET Q q 0 0 0 rg BT 499.35 621.90 Td (demand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 609.90 Td (for ) Tj ET Q q 0 0 0 rg BT 95.16 609.90 Td (our ) Tj ET Q q 0 0 0 rg BT 110.99 609.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 134.60 609.90 Td (could ) Tj ET Q q 0 0 0 rg BT 159.32 609.90 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 198.73 609.90 Td (which ) Tj ET Q q 0 0 0 rg BT 225.67 609.90 Td (could ) Tj ET Q q 0 0 0 rg BT 250.38 609.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 275.09 609.90 Td (our ) Tj ET Q q 0 0 0 rg BT 290.92 609.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 314.53 609.90 Td (price ) Tj ET Q q 0 0 0 rg BT 337.02 609.90 Td (or ) Tj ET Q q 0 0 0 rg BT 347.85 609.90 Td (trading ) Tj ET Q q 0 0 0 rg BT 378.67 609.90 Td (volume ) Tj ET Q q 0 0 0 rg BT 411.17 609.90 Td (to ) Tj ET Q q 0 0 0 rg BT 421.44 609.90 Td (decline. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 584.40 Td (Under ) Tj ET Q q 0 0 0 rg BT 111.53 584.40 Td (our ) Tj ET Q q 0 0 0 rg BT 130.40 584.40 Td (amended ) Tj ET Q q 0 0 0 rg BT 172.03 584.40 Td (and ) Tj ET Q q 0 0 0 rg BT 192.01 584.40 Td (restated ) Tj ET Q q 0 0 0 rg BT 228.64 584.40 Td (certificate ) Tj ET Q q 0 0 0 rg BT 274.15 584.40 Td (of ) Tj ET Q q 0 0 0 rg BT 286.90 584.40 Td (incorporation, ) Tj ET Q q 0 0 0 rg BT 350.49 584.40 Td (HRG ) Tj ET Q q 0 0 0 rg BT 376.58 584.40 Td (and ) Tj ET Q q 0 0 0 rg BT 396.56 584.40 Td (its ) Tj ET Q q 0 0 0 rg BT 410.42 584.40 Td (af) Tj ET Q q 0 0 0 rg BT 418.57 584.40 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 453.26 584.40 Td (including ) Tj ET Q q 0 0 0 rg BT 497.14 584.40 Td (in ) Tj ET Q q 0 0 0 rg BT 509.89 584.40 Td (some ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 572.40 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 144.60 572.40 Td (any ) Tj ET Q q 0 0 0 rg BT 161.81 572.40 Td (of ) Tj ET Q q 0 0 0 rg BT 172.36 572.40 Td (our ) Tj ET Q q 0 0 0 rg BT 189.02 572.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 227.35 572.40 Td (and ) Tj ET Q q 0 0 0 rg BT 245.12 572.40 Td (of) Tj ET Q q 0 0 0 rg BT 253.27 572.40 Td (ficers ) Tj ET Q q 0 0 0 rg BT 278.25 572.40 Td (who ) Tj ET Q q 0 0 0 rg BT 297.70 572.40 Td (is ) Tj ET Q q 0 0 0 rg BT 306.58 572.40 Td (also ) Tj ET Q q 0 0 0 rg BT 325.46 572.40 Td (a ) Tj ET Q q 0 0 0 rg BT 332.68 572.40 Td (director) Tj ET Q q 0 0 0 rg BT 364.34 572.40 Td (, ) Tj ET Q q 0 0 0 rg BT 369.05 572.40 Td (of) Tj ET Q q 0 0 0 rg BT 377.20 572.40 Td (ficer) Tj ET Q q 0 0 0 rg BT 395.53 572.40 Td (, ) Tj ET Q q 0 0 0 rg BT 400.24 572.40 Td (employee, ) Tj ET Q q 0 0 0 rg BT 443.27 572.40 Td (member ) Tj ET Q q 0 0 0 rg BT 478.81 572.40 Td (or ) Tj ET Q q 0 0 0 rg BT 489.91 572.40 Td (partner ) Tj ET Q q 0 0 0 rg BT 522.69 572.40 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 560.40 Td (HRG ) Tj ET Q q 0 0 0 rg BT 105.17 560.40 Td (and ) Tj ET Q q 0 0 0 rg BT 123.23 560.40 Td (its ) Tj ET Q q 0 0 0 rg BT 135.18 560.40 Td (af) Tj ET Q q 0 0 0 rg BT 143.33 560.40 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 176.10 560.40 Td (have ) Tj ET Q q 0 0 0 rg BT 198.04 560.40 Td (no ) Tj ET Q q 0 0 0 rg BT 211.10 560.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 255.28 560.40 Td (to ) Tj ET Q q 0 0 0 rg BT 265.56 560.40 Td (of) Tj ET Q q 0 0 0 rg BT 273.71 560.40 Td (fer ) Tj ET Q q 0 0 0 rg BT 287.87 560.40 Td (us ) Tj ET Q q 0 0 0 rg BT 299.82 560.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 341.76 560.40 Td (opportunities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.71 560.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 543.90 Td (The ) Tj ET Q q 0 0 0 rg BT 122.74 543.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 156.03 543.90 Td (relating ) Tj ET Q q 0 0 0 rg BT 188.76 543.90 Td (to ) Tj ET Q q 0 0 0 rg BT 198.73 543.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 238.67 543.90 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 293.63 543.90 Td (and ) Tj ET Q q 0 0 0 rg BT 310.26 543.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 360.21 543.90 Td (with ) Tj ET Q q 0 0 0 rg BT 380.18 543.90 Td (HRG ) Tj ET Q q 0 0 0 rg BT 403.48 543.90 Td (are ) Tj ET Q q 0 0 0 rg BT 417.88 543.90 Td (set ) Tj ET Q q 0 0 0 rg BT 431.17 543.90 Td (forth ) Tj ET Q q 0 0 0 rg BT 452.80 543.90 Td (in ) Tj ET Q q 0 0 0 rg BT 462.77 543.90 Td (our ) Tj ET Q q 0 0 0 rg BT 478.29 543.90 Td (amended ) Tj ET Q q 0 0 0 rg BT 516.57 543.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 531.90 Td (restated ) Tj ET Q q 0 0 0 rg BT 114.48 531.90 Td (certificate ) Tj ET Q q 0 0 0 rg BT 156.83 531.90 Td (of ) Tj ET Q q 0 0 0 rg BT 167.55 531.90 Td (incorporation, ) Tj ET Q q 0 0 0 rg BT 226.31 531.90 Td (address ) Tj ET Q q 0 0 0 rg BT 258.69 531.90 Td (potential ) Tj ET Q q 0 0 0 rg BT 296.07 531.90 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 332.89 531.90 Td (of ) Tj ET Q q 0 0 0 rg BT 343.61 531.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 375.43 531.90 Td (between ) Tj ET Q q 0 0 0 rg BT 411.13 531.90 Td (us, ) Tj ET Q q 0 0 0 rg BT 424.91 531.90 Td (on ) Tj ET Q q 0 0 0 rg BT 437.30 531.90 Td (the ) Tj ET Q q 0 0 0 rg BT 451.90 531.90 Td (one ) Tj ET Q q 0 0 0 rg BT 468.73 531.90 Td (hand, ) Tj ET Q q 0 0 0 rg BT 493.06 531.90 Td (and ) Tj ET Q q 0 0 0 rg BT 509.88 531.90 Td (HRG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 519.90 Td (and ) Tj ET Q q 0 0 0 rg BT 97.76 519.90 Td (its ) Tj ET Q q 0 0 0 rg BT 109.52 519.90 Td (af) Tj ET Q q 0 0 0 rg BT 117.11 519.90 Td (filiates ) Tj ET Q q 0 0 0 rg BT 146.64 519.90 Td (on ) Tj ET Q q 0 0 0 rg BT 158.95 519.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.49 519.90 Td (other ) Tj ET Q q 0 0 0 rg BT 196.35 519.90 Td (hand. ) Tj ET Q q 0 0 0 rg BT 220.61 519.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 238.48 519.90 Td (certificate ) Tj ET Q q 0 0 0 rg BT 280.76 519.90 Td (of ) Tj ET Q q 0 0 0 rg BT 291.41 519.90 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 347.59 519.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 384.35 519.90 Td (that ) Tj ET Q q 0 0 0 rg BT 401.66 519.90 Td (HRG ) Tj ET Q q 0 0 0 rg BT 425.09 519.90 Td (and ) Tj ET Q q 0 0 0 rg BT 441.85 519.90 Td (its ) Tj ET Q q 0 0 0 rg BT 453.61 519.90 Td (af) Tj ET Q q 0 0 0 rg BT 461.20 519.90 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 493.23 519.90 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 507.90 Td (in ) Tj ET Q q 0 0 0 rg BT 92.16 507.90 Td (some ) Tj ET Q q 0 0 0 rg BT 116.64 507.90 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 179.16 507.90 Td (any ) Tj ET Q q 0 0 0 rg BT 196.98 507.90 Td (of ) Tj ET Q q 0 0 0 rg BT 208.69 507.90 Td (our ) Tj ET Q q 0 0 0 rg BT 225.40 507.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 263.76 507.90 Td (and ) Tj ET Q q 0 0 0 rg BT 281.58 507.90 Td (of) Tj ET Q q 0 0 0 rg BT 289.73 507.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 315.32 507.90 Td (who ) Tj ET Q q 0 0 0 rg BT 335.92 507.90 Td (is ) Tj ET Q q 0 0 0 rg BT 345.97 507.90 Td (also ) Tj ET Q q 0 0 0 rg BT 365.45 507.90 Td (a ) Tj ET Q q 0 0 0 rg BT 373.27 507.90 Td (director) Tj ET Q q 0 0 0 rg BT 403.96 507.90 Td (, ) Tj ET Q q 0 0 0 rg BT 409.84 507.90 Td (of) Tj ET Q q 0 0 0 rg BT 417.99 507.90 Td (ficer) Tj ET Q q 0 0 0 rg BT 435.91 507.90 Td (, ) Tj ET Q q 0 0 0 rg BT 441.79 507.90 Td (employee, ) Tj ET Q q 0 0 0 rg BT 486.54 507.90 Td (member ) Tj ET Q q 0 0 0 rg BT 522.68 507.90 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 495.90 Td (partner ) Tj ET Q q 0 0 0 rg BT 111.98 495.90 Td (of ) Tj ET Q q 0 0 0 rg BT 122.97 495.90 Td (HRG ) Tj ET Q q 0 0 0 rg BT 146.74 495.90 Td (and ) Tj ET Q q 0 0 0 rg BT 163.84 495.90 Td (its ) Tj ET Q q 0 0 0 rg BT 175.95 495.90 Td (af) Tj ET Q q 0 0 0 rg BT 183.54 495.90 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 215.91 495.90 Td (will ) Tj ET Q q 0 0 0 rg BT 234.13 495.90 Td (not ) Tj ET Q q 0 0 0 rg BT 249.57 495.90 Td (have ) Tj ET Q q 0 0 0 rg BT 271.11 495.90 Td (any ) Tj ET Q q 0 0 0 rg BT 288.21 495.90 Td (obligation ) Tj ET Q q 0 0 0 rg BT 331.42 495.90 Td (to ) Tj ET Q q 0 0 0 rg BT 341.86 495.90 Td (present ) Tj ET Q q 0 0 0 rg BT 373.40 495.90 Td (to ) Tj ET Q q 0 0 0 rg BT 383.84 495.90 Td (us, ) Tj ET Q q 0 0 0 rg BT 397.89 495.90 Td (and ) Tj ET Q q 0 0 0 rg BT 414.99 495.90 Td (HRG ) Tj ET Q q 0 0 0 rg BT 438.76 495.90 Td (may ) Tj ET Q q 0 0 0 rg BT 458.64 495.90 Td (separately ) Tj ET Q q 0 0 0 rg BT 501.83 495.90 Td (pursue, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 483.90 Td (or ) Tj ET Q q 0 0 0 rg BT 93.89 483.90 Td (present ) Tj ET Q q 0 0 0 rg BT 127.32 483.90 Td (to ) Tj ET Q q 0 0 0 rg BT 139.66 483.90 Td (other ) Tj ET Q q 0 0 0 rg BT 164.76 483.90 Td (of ) Tj ET Q q 0 0 0 rg BT 177.65 483.90 Td (its ) Tj ET Q q 0 0 0 rg BT 191.65 483.90 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 245.92 483.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 288.23 483.90 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 345.56 483.90 Td (of ) Tj ET Q q 0 0 0 rg BT 358.45 483.90 Td (which ) Tj ET Q q 0 0 0 rg BT 387.45 483.90 Td (they ) Tj ET Q q 0 0 0 rg BT 409.22 483.90 Td (become ) Tj ET Q q 0 0 0 rg BT 444.87 483.90 Td (aware, ) Tj ET Q q 0 0 0 rg BT 475.79 483.90 Td (even ) Tj ET Q q 0 0 0 rg BT 499.23 483.90 Td (if ) Tj ET Q q 0 0 0 rg BT 509.89 483.90 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 471.90 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 136.46 471.90 Td (are ) Tj ET Q q 0 0 0 rg BT 151.35 471.90 Td (ones ) Tj ET Q q 0 0 0 rg BT 172.37 471.90 Td (that ) Tj ET Q q 0 0 0 rg BT 190.05 471.90 Td (we ) Tj ET Q q 0 0 0 rg BT 204.39 471.90 Td (would ) Tj ET Q q 0 0 0 rg BT 232.08 471.90 Td (have ) Tj ET Q q 0 0 0 rg BT 253.64 471.90 Td (pursued ) Tj ET Q q 0 0 0 rg BT 287.99 471.90 Td (if ) Tj ET Q q 0 0 0 rg BT 296.78 471.90 Td (granted ) Tj ET Q q 0 0 0 rg BT 329.45 471.90 Td (the ) Tj ET Q q 0 0 0 rg BT 344.35 471.90 Td (opportunity) Tj ET Q q 0 0 0 rg BT 390.37 471.90 Td (. ) Tj ET Q q 0 0 0 rg BT 395.36 471.90 Td (This ) Tj ET Q q 0 0 0 rg BT 415.83 471.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 451.84 471.90 Td (FSRCI, ) Tj ET Q q 0 0 0 rg BT 484.81 471.90 Td (which ) Tj ET Q q 0 0 0 rg BT 511.94 471.90 Td (may) Tj ET Q q 0 0 0 rg BT 528.51 471.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 459.90 Td (for ) Tj ET Q q 0 0 0 rg BT 94.84 459.90 Td (example, ) Tj ET Q q 0 0 0 rg BT 133.39 459.90 Td (be ) Tj ET Q q 0 0 0 rg BT 145.01 459.90 Td (interested ) Tj ET Q q 0 0 0 rg BT 186.06 459.90 Td (in ) Tj ET Q q 0 0 0 rg BT 196.02 459.90 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 233.20 459.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 283.16 459.90 Td (of ) Tj ET Q q 0 0 0 rg BT 293.67 459.90 Td (blocks ) Tj ET Q q 0 0 0 rg BT 321.95 459.90 Td (of ) Tj ET Q q 0 0 0 rg BT 332.46 459.90 Td (business ) Tj ET Q q 0 0 0 rg BT 368.54 459.90 Td (or ) Tj ET Q q 0 0 0 rg BT 379.05 459.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 419.54 459.90 Td (companies ) Tj ET Q q 0 0 0 rg BT 464.49 459.90 Td (that ) Tj ET Q q 0 0 0 rg BT 481.66 459.90 Td (we ) Tj ET Q q 0 0 0 rg BT 495.50 459.90 Td (may ) Tj ET Q q 0 0 0 rg BT 514.90 459.90 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 447.90 Td (be ) Tj ET Q q 0 0 0 rg BT 92.94 447.90 Td (interested ) Tj ET Q q 0 0 0 rg BT 134.32 447.90 Td (in ) Tj ET Q q 0 0 0 rg BT 144.61 447.90 Td (pursuing. ) Tj ET Q q 0 0 0 rg BT 184.61 447.90 Td (By ) Tj ET Q q 0 0 0 rg BT 198.79 447.90 Td (becoming ) Tj ET Q q 0 0 0 rg BT 240.73 447.90 Td (one ) Tj ET Q q 0 0 0 rg BT 257.68 447.90 Td (of ) Tj ET Q q 0 0 0 rg BT 268.51 447.90 Td (our ) Tj ET Q q 0 0 0 rg BT 284.35 447.90 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 339.89 447.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 371.84 447.90 Td (of ) Tj ET Q q 0 0 0 rg BT 382.67 447.90 Td (our ) Tj ET Q q 0 0 0 rg BT 398.51 447.90 Td (common ) Tj ET Q q 0 0 0 rg BT 436.01 447.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 459.63 447.90 Td (will ) Tj ET Q q 0 0 0 rg BT 477.69 447.90 Td (be ) Tj ET Q q 0 0 0 rg BT 489.63 447.90 Td (deemed ) Tj ET Q q 0 0 0 rg BT 523.23 447.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 435.90 Td (have ) Tj ET Q q 0 0 0 rg BT 101.70 435.90 Td (notice ) Tj ET Q q 0 0 0 rg BT 127.95 435.90 Td (of ) Tj ET Q q 0 0 0 rg BT 138.10 435.90 Td (and ) Tj ET Q q 0 0 0 rg BT 154.36 435.90 Td (have ) Tj ET Q q 0 0 0 rg BT 175.06 435.90 Td (consented ) Tj ET Q q 0 0 0 rg BT 216.87 435.90 Td (to ) Tj ET Q q 0 0 0 rg BT 226.47 435.90 Td (these ) Tj ET Q q 0 0 0 rg BT 248.84 435.90 Td (provisions ) Tj ET Q q 0 0 0 rg BT 292.33 435.90 Td (of ) Tj ET Q q 0 0 0 rg BT 302.48 435.90 Td (our ) Tj ET Q q 0 0 0 rg BT 317.63 435.90 Td (certificate ) Tj ET Q q 0 0 0 rg BT 359.42 435.90 Td (of ) Tj ET Q q 0 0 0 rg BT 369.57 435.90 Td (incorporation. ) Tj ET Q q 0 0 0 rg BT 427.36 435.90 Td (Although ) Tj ET Q q 0 0 0 rg BT 466.96 435.90 Td (these ) Tj ET Q q 0 0 0 rg BT 489.33 435.90 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 423.90 Td (are ) Tj ET Q q 0 0 0 rg BT 95.65 423.90 Td (designed ) Tj ET Q q 0 0 0 rg BT 133.65 423.90 Td (to ) Tj ET Q q 0 0 0 rg BT 143.87 423.90 Td (resolve ) Tj ET Q q 0 0 0 rg BT 175.19 423.90 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 212.07 423.90 Td (between ) Tj ET Q q 0 0 0 rg BT 247.84 423.90 Td (us ) Tj ET Q q 0 0 0 rg BT 259.17 423.90 Td (and ) Tj ET Q q 0 0 0 rg BT 276.06 423.90 Td (HRG ) Tj ET Q q 0 0 0 rg BT 299.62 423.90 Td (and ) Tj ET Q q 0 0 0 rg BT 316.50 423.90 Td (our ) Tj ET Q q 0 0 0 rg BT 332.28 423.90 Td (respective ) Tj ET Q q 0 0 0 rg BT 375.26 423.90 Td (af) Tj ET Q q 0 0 0 rg BT 382.85 423.90 Td (filiates ) Tj ET Q q 0 0 0 rg BT 412.50 423.90 Td (fairly) Tj ET Q q 0 0 0 rg BT 433.51 423.90 Td (, ) Tj ET Q q 0 0 0 rg BT 438.46 423.90 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 475.34 423.90 Td (may ) Tj ET Q q 0 0 0 rg BT 495.00 423.90 Td (not ) Tj ET Q q 0 0 0 rg BT 510.22 423.90 Td (be ) Tj ET Q q 0 0 0 rg BT 522.11 423.90 Td (so ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 411.90 Td (resolved. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 386.40 Td (Future ) Tj ET Q q 0 0 0 rg BT 113.09 386.40 Td (of) Tj ET Q q 0 0 0 rg BT 121.24 386.40 Td (ferings ) Tj ET Q q 0 0 0 rg BT 153.33 386.40 Td (of ) Tj ET Q q 0 0 0 rg BT 164.85 386.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 185.26 386.40 Td (or ) Tj ET Q q 0 0 0 rg BT 197.34 386.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 225.53 386.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 267.61 386.40 Td (that ) Tj ET Q q 0 0 0 rg BT 286.92 386.40 Td (rank ) Tj ET Q q 0 0 0 rg BT 309.57 386.40 Td (senior ) Tj ET Q q 0 0 0 rg BT 338.32 386.40 Td (to ) Tj ET Q q 0 0 0 rg BT 349.29 386.40 Td (our ) Tj ET Q q 0 0 0 rg BT 366.94 386.40 Td (common ) Tj ET Q q 0 0 0 rg BT 405.68 386.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 429.99 386.40 Td (may ) Tj ET Q q 0 0 0 rg BT 450.39 386.40 Td (adversely ) Tj ET Q q 0 0 0 rg BT 491.90 386.40 Td (af) Tj ET Q q 0 0 0 rg BT 500.05 386.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 518.23 386.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 374.40 Td (market ) Tj ET Q q 0 0 0 rg BT 112.39 374.40 Td (price ) Tj ET Q q 0 0 0 rg BT 135.43 374.40 Td (of ) Tj ET Q q 0 0 0 rg BT 146.26 374.40 Td (our ) Tj ET Q q 0 0 0 rg BT 163.22 374.40 Td (common ) Tj ET Q q 0 0 0 rg BT 201.27 374.40 Td (stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.88 374.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 357.90 Td (If, ) Tj ET Q q 0 0 0 rg BT 116.29 357.90 Td (in ) Tj ET Q q 0 0 0 rg BT 126.20 357.90 Td (the ) Tj ET Q q 0 0 0 rg BT 140.55 357.90 Td (future, ) Tj ET Q q 0 0 0 rg BT 169.05 357.90 Td (we ) Tj ET Q q 0 0 0 rg BT 182.84 357.90 Td (decide ) Tj ET Q q 0 0 0 rg BT 211.07 357.90 Td (to ) Tj ET Q q 0 0 0 rg BT 220.98 357.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 243.11 357.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 262.45 357.90 Td (or ) Tj ET Q q 0 0 0 rg BT 272.92 357.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 300.04 357.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 339.93 357.90 Td (that ) Tj ET Q q 0 0 0 rg BT 357.06 357.90 Td (rank ) Tj ET Q q 0 0 0 rg BT 376.96 357.90 Td (senior ) Tj ET Q q 0 0 0 rg BT 403.53 357.90 Td (to ) Tj ET Q q 0 0 0 rg BT 413.44 357.90 Td (our ) Tj ET Q q 0 0 0 rg BT 428.90 357.90 Td (common ) Tj ET Q q 0 0 0 rg BT 466.02 357.90 Td (stock, ) Tj ET Q q 0 0 0 rg BT 491.76 357.90 Td (it ) Tj ET Q q 0 0 0 rg BT 499.45 357.90 Td (is ) Tj ET Q q 0 0 0 rg BT 508.25 357.90 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 345.90 Td (that ) Tj ET Q q 0 0 0 rg BT 99.45 345.90 Td (such ) Tj ET Q q 0 0 0 rg BT 121.23 345.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 162.45 345.90 Td (will ) Tj ET Q q 0 0 0 rg BT 181.46 345.90 Td (be ) Tj ET Q q 0 0 0 rg BT 194.35 345.90 Td (governed ) Tj ET Q q 0 0 0 rg BT 235.01 345.90 Td (by ) Tj ET Q q 0 0 0 rg BT 248.47 345.90 Td (an ) Tj ET Q q 0 0 0 rg BT 261.36 345.90 Td (indenture ) Tj ET Q q 0 0 0 rg BT 302.58 345.90 Td (or ) Tj ET Q q 0 0 0 rg BT 314.36 345.90 Td (other ) Tj ET Q q 0 0 0 rg BT 338.36 345.90 Td (instrument ) Tj ET Q q 0 0 0 rg BT 384.59 345.90 Td (containing ) Tj ET Q q 0 0 0 rg BT 430.25 345.90 Td (covenants ) Tj ET Q q 0 0 0 rg BT 473.69 345.90 Td (restricting ) Tj ET Q q 0 0 0 rg BT 517.69 345.90 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 333.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 120.93 333.90 Td (flexibility) Tj ET Q q 0 0 0 rg BT 159.72 333.90 Td (. ) Tj ET Q q 0 0 0 rg BT 163.91 333.90 Td (Additionally) Tj ET Q q 0 0 0 rg BT 213.81 333.90 Td (, ) Tj ET Q q 0 0 0 rg BT 218.47 333.90 Td (any ) Tj ET Q q 0 0 0 rg BT 235.08 333.90 Td (convertible ) Tj ET Q q 0 0 0 rg BT 282.22 333.90 Td (or ) Tj ET Q q 0 0 0 rg BT 292.72 333.90 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 349.29 333.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 389.22 333.90 Td (that ) Tj ET Q q 0 0 0 rg BT 406.38 333.90 Td (we ) Tj ET Q q 0 0 0 rg BT 420.21 333.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 442.38 333.90 Td (in ) Tj ET Q q 0 0 0 rg BT 452.32 333.90 Td (the ) Tj ET Q q 0 0 0 rg BT 466.70 333.90 Td (future ) Tj ET Q q 0 0 0 rg BT 492.74 333.90 Td (may ) Tj ET Q q 0 0 0 rg BT 512.13 333.90 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 321.90 Td (rights, ) Tj ET Q q 0 0 0 rg BT 109.18 321.90 Td (preferences ) Tj ET Q q 0 0 0 rg BT 158.15 321.90 Td (and ) Tj ET Q q 0 0 0 rg BT 175.49 321.90 Td (privileges ) Tj ET Q q 0 0 0 rg BT 217.83 321.90 Td (more ) Tj ET Q q 0 0 0 rg BT 241.27 321.90 Td (favorable ) Tj ET Q q 0 0 0 rg BT 281.93 321.90 Td (than ) Tj ET Q q 0 0 0 rg BT 302.04 321.90 Td (those ) Tj ET Q q 0 0 0 rg BT 326.05 321.90 Td (of ) Tj ET Q q 0 0 0 rg BT 337.28 321.90 Td (our ) Tj ET Q q 0 0 0 rg BT 353.51 321.90 Td (common ) Tj ET Q q 0 0 0 rg BT 391.41 321.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 415.42 321.90 Td (and ) Tj ET Q q 0 0 0 rg BT 432.76 321.90 Td (may ) Tj ET Q q 0 0 0 rg BT 452.88 321.90 Td (result ) Tj ET Q q 0 0 0 rg BT 477.99 321.90 Td (in ) Tj ET Q q 0 0 0 rg BT 488.67 321.90 Td (dilution ) Tj ET Q q 0 0 0 rg BT 522.68 321.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 309.90 Td (the ) Tj ET Q q 0 0 0 rg BT 95.64 309.90 Td (percentage ) Tj ET Q q 0 0 0 rg BT 141.37 309.90 Td (ownership ) Tj ET Q q 0 0 0 rg BT 185.45 309.90 Td (of ) Tj ET Q q 0 0 0 rg BT 196.21 309.90 Td (the ) Tj ET Q q 0 0 0 rg BT 210.85 309.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 242.71 309.90 Td (of ) Tj ET Q q 0 0 0 rg BT 253.46 309.90 Td (our ) Tj ET Q q 0 0 0 rg BT 269.22 309.90 Td (common ) Tj ET Q q 0 0 0 rg BT 306.64 309.90 Td (stock. ) Tj ET Q q 0 0 0 rg BT 332.49 309.90 Td (W) Tj ET Q q 0 0 0 rg BT 341.13 309.90 Td (e ) Tj ET Q q 0 0 0 rg BT 348.00 309.90 Td (and, ) Tj ET Q q 0 0 0 rg BT 367.36 309.90 Td (indirectly) Tj ET Q q 0 0 0 rg BT 405.03 309.90 Td (, ) Tj ET Q q 0 0 0 rg BT 409.95 309.90 Td (our ) Tj ET Q q 0 0 0 rg BT 425.71 309.90 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 481.17 309.90 Td (will ) Tj ET Q q 0 0 0 rg BT 499.15 309.90 Td (bear ) Tj ET Q q 0 0 0 rg BT 518.78 309.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 297.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 99.63 297.90 Td (of ) Tj ET Q q 0 0 0 rg BT 110.48 297.90 Td (issuing ) Tj ET Q q 0 0 0 rg BT 141.34 297.90 Td (and ) Tj ET Q q 0 0 0 rg BT 158.30 297.90 Td (servicing ) Tj ET Q q 0 0 0 rg BT 197.48 297.90 Td (such ) Tj ET Q q 0 0 0 rg BT 218.33 297.90 Td (securities. ) Tj ET Q q 0 0 0 rg BT 261.12 297.90 Td (Because ) Tj ET Q q 0 0 0 rg BT 296.96 297.90 Td (our ) Tj ET Q q 0 0 0 rg BT 312.81 297.90 Td (decision ) Tj ET Q q 0 0 0 rg BT 348.66 297.90 Td (to ) Tj ET Q q 0 0 0 rg BT 358.96 297.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 381.48 297.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 401.22 297.90 Td (or ) Tj ET Q q 0 0 0 rg BT 412.07 297.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 439.59 297.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 479.87 297.90 Td (in ) Tj ET Q q 0 0 0 rg BT 490.17 297.90 Td (any ) Tj ET Q q 0 0 0 rg BT 507.13 297.90 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 285.90 Td (of) Tj ET Q q 0 0 0 rg BT 89.15 285.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 115.28 285.90 Td (will ) Tj ET Q q 0 0 0 rg BT 133.10 285.90 Td (depend ) Tj ET Q q 0 0 0 rg BT 164.23 285.90 Td (on ) Tj ET Q q 0 0 0 rg BT 176.49 285.90 Td (market ) Tj ET Q q 0 0 0 rg BT 206.52 285.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 250.44 285.90 Td (and ) Tj ET Q q 0 0 0 rg BT 267.14 285.90 Td (other ) Tj ET Q q 0 0 0 rg BT 289.94 285.90 Td (factors ) Tj ET Q q 0 0 0 rg BT 319.41 285.90 Td (beyond ) Tj ET Q q 0 0 0 rg BT 351.10 285.90 Td (our ) Tj ET Q q 0 0 0 rg BT 366.69 285.90 Td (control, ) Tj ET Q q 0 0 0 rg BT 399.77 285.90 Td (we ) Tj ET Q q 0 0 0 rg BT 413.69 285.90 Td (cannot ) Tj ET Q q 0 0 0 rg BT 442.61 285.90 Td (predict ) Tj ET Q q 0 0 0 rg BT 472.63 285.90 Td (or ) Tj ET Q q 0 0 0 rg BT 483.22 285.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 518.80 285.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.90 Td (amount, ) Tj ET Q q 0 0 0 rg BT 115.45 273.90 Td (timing ) Tj ET Q q 0 0 0 rg BT 143.51 273.90 Td (or ) Tj ET Q q 0 0 0 rg BT 153.79 273.90 Td (nature ) Tj ET Q q 0 0 0 rg BT 180.73 273.90 Td (of ) Tj ET Q q 0 0 0 rg BT 191.01 273.90 Td (our ) Tj ET Q q 0 0 0 rg BT 206.30 273.90 Td (future ) Tj ET Q q 0 0 0 rg BT 232.13 273.90 Td (of) Tj ET Q q 0 0 0 rg BT 240.28 273.90 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 272.35 273.90 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 296.81 273.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 328.20 273.90 Td (of ) Tj ET Q q 0 0 0 rg BT 338.48 273.90 Td (our ) Tj ET Q q 0 0 0 rg BT 353.76 273.90 Td (common ) Tj ET Q q 0 0 0 rg BT 390.71 273.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 413.77 273.90 Td (will ) Tj ET Q q 0 0 0 rg BT 431.28 273.90 Td (bear ) Tj ET Q q 0 0 0 rg BT 450.44 273.90 Td (the ) Tj ET Q q 0 0 0 rg BT 464.61 273.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 481.56 273.90 Td (of ) Tj ET Q q 0 0 0 rg BT 491.84 273.90 Td (our ) Tj ET Q q 0 0 0 rg BT 507.12 273.90 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.90 Td (of) Tj ET Q q 0 0 0 rg BT 89.15 261.90 Td (ferings ) Tj ET Q q 0 0 0 rg BT 119.42 261.90 Td (reducing ) Tj ET Q q 0 0 0 rg BT 156.90 261.90 Td (the ) Tj ET Q q 0 0 0 rg BT 171.62 261.90 Td (market ) Tj ET Q q 0 0 0 rg BT 201.88 261.90 Td (price ) Tj ET Q q 0 0 0 rg BT 224.37 261.90 Td (of ) Tj ET Q q 0 0 0 rg BT 235.20 261.90 Td (our ) Tj ET Q q 0 0 0 rg BT 251.03 261.90 Td (common ) Tj ET Q q 0 0 0 rg BT 288.52 261.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.13 261.90 Td (and ) Tj ET Q q 0 0 0 rg BT 329.07 261.90 Td (diluting ) Tj ET Q q 0 0 0 rg BT 362.68 261.90 Td (the ) Tj ET Q q 0 0 0 rg BT 377.40 261.90 Td (value ) Tj ET Q q 0 0 0 rg BT 401.56 261.90 Td (of ) Tj ET Q q 0 0 0 rg BT 412.39 261.90 Td (their ) Tj ET Q q 0 0 0 rg BT 433.21 261.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 456.82 261.90 Td (holdings ) Tj ET Q q 0 0 0 rg BT 493.77 261.90 Td (in ) Tj ET Q q 0 0 0 rg BT 504.05 261.90 Td (us. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 236.40 Td (Fulfilling ) Tj ET Q q 0 0 0 rg BT 122.96 236.40 Td (our ) Tj ET Q q 0 0 0 rg BT 139.36 236.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 186.88 236.40 Td (incident ) Tj ET Q q 0 0 0 rg BT 222.16 236.40 Td (to ) Tj ET Q q 0 0 0 rg BT 231.88 236.40 Td (being ) Tj ET Q q 0 0 0 rg BT 256.61 236.40 Td (a ) Tj ET Q q 0 0 0 rg BT 263.56 236.40 Td (public ) Tj ET Q q 0 0 0 rg BT 291.06 236.40 Td (company) Tj ET Q q 0 0 0 rg BT 327.91 236.40 Td (, ) Tj ET Q q 0 0 0 rg BT 332.35 236.40 Td (including ) Tj ET Q q 0 0 0 rg BT 373.76 236.40 Td (with ) Tj ET Q q 0 0 0 rg BT 393.49 236.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 424.32 236.40 Td (to ) Tj ET Q q 0 0 0 rg BT 434.04 236.40 Td (the ) Tj ET Q q 0 0 0 rg BT 448.77 236.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 505.17 236.40 Td (of ) Tj ET Q q 0 0 0 rg BT 515.44 236.40 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 224.40 Td (related ) Tj ET Q q 0 0 0 rg BT 113.18 224.40 Td (rules ) Tj ET Q q 0 0 0 rg BT 137.59 224.40 Td (under ) Tj ET Q q 0 0 0 rg BT 165.90 224.40 Td (the ) Tj ET Q q 0 0 0 rg BT 182.53 224.40 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 251.36 224.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 269.10 224.40 Td (of ) Tj ET Q q 0 0 0 rg BT 281.29 224.40 Td (2002, ) Tj ET Q q 0 0 0 rg BT 307.64 224.40 Td (is ) Tj ET Q q 0 0 0 rg BT 318.16 224.40 Td (expensive ) Tj ET Q q 0 0 0 rg BT 362.00 224.40 Td (and ) Tj ET Q q 0 0 0 rg BT 381.41 224.40 Td (time-consuming, ) Tj ET Q q 0 0 0 rg BT 454.44 224.40 Td (and ) Tj ET Q q 0 0 0 rg BT 473.86 224.40 Td (any ) Tj ET Q q 0 0 0 rg BT 492.71 224.40 Td (delays ) Tj ET Q q 0 0 0 rg BT 522.11 224.40 Td (or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 212.40 Td (dif) Tj ET Q q 0 0 0 rg BT 91.93 212.40 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 126.39 212.40 Td (in ) Tj ET Q q 0 0 0 rg BT 136.42 212.40 Td (satisfying ) Tj ET Q q 0 0 0 rg BT 177.56 212.40 Td (these ) Tj ET Q q 0 0 0 rg BT 200.36 212.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 247.61 212.40 Td (could ) Tj ET Q q 0 0 0 rg BT 272.08 212.40 Td (have ) Tj ET Q q 0 0 0 rg BT 293.21 212.40 Td (a ) Tj ET Q q 0 0 0 rg BT 299.90 212.40 Td (material ) Tj ET Q q 0 0 0 rg BT 336.03 212.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 368.82 212.40 Td (ef) Tj ET Q q 0 0 0 rg BT 376.41 212.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 393.08 212.40 Td (on ) Tj ET Q q 0 0 0 rg BT 405.33 212.40 Td (our ) Tj ET Q q 0 0 0 rg BT 421.47 212.40 Td (future ) Tj ET Q q 0 0 0 rg BT 448.72 212.40 Td (results ) Tj ET Q q 0 0 0 rg BT 477.65 212.40 Td (of ) Tj ET Q q 0 0 0 rg BT 487.67 212.40 Td (operations ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 200.40 Td (and ) Tj ET Q q 0 0 0 rg BT 99.06 200.40 Td (our ) Tj ET Q q 0 0 0 rg BT 116.01 200.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 139.62 200.40 Td (price.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.67 200.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 183.90 Td (Prior ) Tj ET Q q 0 0 0 rg BT 126.69 183.90 Td (to ) Tj ET Q q 0 0 0 rg BT 136.16 183.90 Td (our ) Tj ET Q q 0 0 0 rg BT 151.18 183.90 Td (IPO ) Tj ET Q q 0 0 0 rg BT 168.99 183.90 Td (in ) Tj ET Q q 0 0 0 rg BT 178.45 183.90 Td (December ) Tj ET Q q 0 0 0 rg BT 221.23 183.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 245.42 183.90 Td (we ) Tj ET Q q 0 0 0 rg BT 258.77 183.90 Td (operated ) Tj ET Q q 0 0 0 rg BT 294.89 183.90 Td (as ) Tj ET Q q 0 0 0 rg BT 304.91 183.90 Td (a ) Tj ET Q q 0 0 0 rg BT 311.04 183.90 Td (private ) Tj ET Q q 0 0 0 rg BT 340.49 183.90 Td (company) Tj ET Q q 0 0 0 rg BT 376.50 183.90 Td (, ) Tj ET Q q 0 0 0 rg BT 380.69 183.90 Td (or ) Tj ET Q q 0 0 0 rg BT 390.71 183.90 Td (as ) Tj ET Q q 0 0 0 rg BT 400.73 183.90 Td (a ) Tj ET Q q 0 0 0 rg BT 406.86 183.90 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 449.66 183.90 Td (of ) Tj ET Q q 0 0 0 rg BT 459.68 183.90 Td (a ) Tj ET Q q 0 0 0 rg BT 465.81 183.90 Td (public ) Tj ET Q q 0 0 0 rg BT 492.50 183.90 Td (company) Tj ET Q q 0 0 0 rg BT 528.50 183.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 171.90 Td (and ) Tj ET Q q 0 0 0 rg BT 97.77 171.90 Td (were ) Tj ET Q q 0 0 0 rg BT 119.53 171.90 Td (not ) Tj ET Q q 0 0 0 rg BT 134.64 171.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 165.30 171.90 Td (to ) Tj ET Q q 0 0 0 rg BT 175.41 171.90 Td (the ) Tj ET Q q 0 0 0 rg BT 189.96 171.90 Td (same ) Tj ET Q q 0 0 0 rg BT 212.83 171.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 250.15 171.90 Td (and ) Tj ET Q q 0 0 0 rg BT 266.92 171.90 Td (other ) Tj ET Q q 0 0 0 rg BT 289.79 171.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 328.78 171.90 Td (and ) Tj ET Q q 0 0 0 rg BT 345.55 171.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 385.64 171.90 Td (governance ) Tj ET Q q 0 0 0 rg BT 434.05 171.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 488.59 171.90 Td (as ) Tj ET Q q 0 0 0 rg BT 499.25 171.90 Td (a ) Tj ET Q q 0 0 0 rg BT 506.02 171.90 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 159.90 Td (company) Tj ET Q q 0 0 0 rg BT 117.01 159.90 Td (. ) Tj ET Q q 0 0 0 rg BT 122.73 159.90 Td (Since ) Tj ET Q q 0 0 0 rg BT 148.16 159.90 Td (the ) Tj ET Q q 0 0 0 rg BT 163.60 159.90 Td (IPO, ) Tj ET Q q 0 0 0 rg BT 185.43 159.90 Td (we ) Tj ET Q q 0 0 0 rg BT 200.31 159.90 Td (became ) Tj ET Q q 0 0 0 rg BT 234.07 159.90 Td (required ) Tj ET Q q 0 0 0 rg BT 270.60 159.90 Td (to ) Tj ET Q q 0 0 0 rg BT 281.60 159.90 Td (file ) Tj ET Q q 0 0 0 rg BT 298.15 159.90 Td (annual, ) Tj ET Q q 0 0 0 rg BT 330.52 159.90 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 369.84 159.90 Td (and ) Tj ET Q q 0 0 0 rg BT 387.49 159.90 Td (other ) Tj ET Q q 0 0 0 rg BT 411.26 159.90 Td (reports ) Tj ET Q q 0 0 0 rg BT 442.25 159.90 Td (with ) Tj ET Q q 0 0 0 rg BT 463.25 159.90 Td (the ) Tj ET Q q 0 0 0 rg BT 478.69 159.90 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 502.51 159.90 Td (W) Tj ET Q q 0 0 0 rg BT 511.15 159.90 Td (e ) Tj ET Q q 0 0 0 rg BT 518.81 159.90 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 147.90 Td (required ) Tj ET Q q 0 0 0 rg BT 116.49 147.90 Td (to ) Tj ET Q q 0 0 0 rg BT 126.43 147.90 Td (prepare ) Tj ET Q q 0 0 0 rg BT 158.58 147.90 Td (and ) Tj ET Q q 0 0 0 rg BT 175.19 147.90 Td (timely ) Tj ET Q q 0 0 0 rg BT 202.91 147.90 Td (file ) Tj ET Q q 0 0 0 rg BT 218.41 147.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 255.56 147.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 299.94 147.90 Td (that ) Tj ET Q q 0 0 0 rg BT 317.11 147.90 Td (comply ) Tj ET Q q 0 0 0 rg BT 349.27 147.90 Td (with ) Tj ET Q q 0 0 0 rg BT 369.22 147.90 Td (SEC ) Tj ET Q q 0 0 0 rg BT 389.73 147.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 428.56 147.90 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 485.27 147.90 Td (W) Tj ET Q q 0 0 0 rg BT 493.91 147.90 Td (e ) Tj ET Q q 0 0 0 rg BT 500.52 147.90 Td (are ) Tj ET Q q 0 0 0 rg BT 514.90 147.90 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 135.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 111.01 135.90 Td (to ) Tj ET Q q 0 0 0 rg BT 120.47 135.90 Td (other ) Tj ET Q q 0 0 0 rg BT 142.70 135.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 181.04 135.90 Td (and ) Tj ET Q q 0 0 0 rg BT 197.17 135.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 236.61 135.90 Td (governance ) Tj ET Q q 0 0 0 rg BT 284.37 135.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 338.26 135.90 Td (under ) Tj ET Q q 0 0 0 rg BT 362.71 135.90 Td (the ) Tj ET Q q 0 0 0 rg BT 376.62 135.90 Td (listing ) Tj ET Q q 0 0 0 rg BT 403.30 135.90 Td (standards ) Tj ET Q q 0 0 0 rg BT 442.76 135.90 Td (of ) Tj ET Q q 0 0 0 rg BT 452.77 135.90 Td (the ) Tj ET Q q 0 0 0 rg BT 466.67 135.90 Td (New ) Tj ET Q q 0 0 0 rg BT 486.99 135.90 Td (Y) Tj ET Q q 0 0 0 rg BT 493.21 135.90 Td (ork ) Tj ET Q q 0 0 0 rg BT 508.23 135.90 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 123.90 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 124.89 123.90 Td (\(NYSE\) ) Tj ET Q q 0 0 0 rg BT 171.01 123.90 Td (and ) Tj ET Q q 0 0 0 rg BT 189.91 123.90 Td (the ) Tj ET Q q 0 0 0 rg BT 206.59 123.90 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 273.94 123.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 292.84 123.90 Td (of ) Tj ET Q q 0 0 0 rg BT 305.64 123.90 Td (2002, ) Tj ET Q q 0 0 0 rg BT 332.61 123.90 Td (which ) Tj ET Q q 0 0 0 rg BT 361.51 123.90 Td (impose ) Tj ET Q q 0 0 0 rg BT 394.86 123.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 441.54 123.90 Td (compliance ) Tj ET Q q 0 0 0 rg BT 492.10 123.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 516.56 123.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 111.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 128.52 111.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 151.60 111.90 Td (us. ) Tj ET Q q 0 0 0 rg BT 165.85 111.90 Td (The ) Tj ET Q q 0 0 0 rg BT 184.47 111.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 219.76 111.90 Td (necessitated ) Tj ET Q q 0 0 0 rg BT 271.15 111.90 Td (by ) Tj ET Q q 0 0 0 rg BT 284.23 111.90 Td (being ) Tj ET Q q 0 0 0 rg BT 309.52 111.90 Td (a ) Tj ET Q q 0 0 0 rg BT 317.04 111.90 Td (public ) Tj ET Q q 0 0 0 rg BT 345.11 111.90 Td (company ) Tj ET Q q 0 0 0 rg BT 384.85 111.90 Td (require ) Tj ET Q q 0 0 0 rg BT 416.24 111.90 Td (a ) Tj ET Q q 0 0 0 rg BT 423.76 111.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 469.05 111.90 Td (commitment ) Tj ET Q q 0 0 0 rg BT 522.67 111.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 99.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 123.17 99.90 Td (resources ) Tj ET Q q 0 0 0 rg BT 163.11 99.90 Td (and ) Tj ET Q q 0 0 0 rg BT 179.73 99.90 Td (management ) Tj ET Q q 0 0 0 rg BT 233.00 99.90 Td (oversight ) Tj ET Q q 0 0 0 rg BT 272.40 99.90 Td (which ) Tj ET Q q 0 0 0 rg BT 299.02 99.90 Td (increases ) Tj ET Q q 0 0 0 rg BT 337.85 99.90 Td (our ) Tj ET Q q 0 0 0 rg BT 353.36 99.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 393.31 99.90 Td (costs. ) Tj ET Q q 0 0 0 rg BT 417.83 99.90 Td (These ) Tj ET Q q 0 0 0 rg BT 443.89 99.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 478.28 99.90 Td (also ) Tj ET Q q 0 0 0 rg BT 496.57 99.90 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 87.90 Td (to ) Tj ET Q q 0 0 0 rg BT 92.18 87.90 Td (place ) Tj ET Q q 0 0 0 rg BT 116.68 87.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 162.30 87.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 205.70 87.90 Td (demands ) Tj ET Q q 0 0 0 rg BT 244.65 87.90 Td (on ) Tj ET Q q 0 0 0 rg BT 258.06 87.90 Td (our ) Tj ET Q q 0 0 0 rg BT 274.79 87.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 307.62 87.90 Td (and ) Tj ET Q q 0 0 0 rg BT 325.47 87.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 372.74 87.90 Td (staf) Tj ET Q q 0 0 0 rg BT 387.00 87.90 Td (f, ) Tj ET Q q 0 0 0 rg BT 396.24 87.90 Td (which ) Tj ET Q q 0 0 0 rg BT 424.08 87.90 Td (may ) Tj ET Q q 0 0 0 rg BT 444.70 87.90 Td (not ) Tj ET Q q 0 0 0 rg BT 460.89 87.90 Td (have ) Tj ET Q q 0 0 0 rg BT 483.17 87.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 506.01 87.90 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 75.90 Td (company ) Tj ET Q q 0 0 0 rg BT 120.99 75.90 Td (experience ) Tj ET Q q 0 0 0 rg BT 167.62 75.90 Td (or ) Tj ET Q q 0 0 0 rg BT 179.28 75.90 Td (experience ) Tj ET Q q 0 0 0 rg BT 225.92 75.90 Td (working ) Tj ET Q q 0 0 0 rg BT 262.58 75.90 Td (for ) Tj ET Q q 0 0 0 rg BT 277.57 75.90 Td (a ) Tj ET Q q 0 0 0 rg BT 285.34 75.90 Td (newly ) Tj ET Q q 0 0 0 rg BT 313.11 75.90 Td (public ) Tj ET Q q 0 0 0 rg BT 341.44 75.90 Td (company) Tj ET Q q 0 0 0 rg BT 377.45 75.90 Td (, ) Tj ET Q q 0 0 0 rg BT 383.28 75.90 Td (and ) Tj ET Q q 0 0 0 rg BT 401.05 75.90 Td (on ) Tj ET Q q 0 0 0 rg BT 414.38 75.90 Td (our ) Tj ET Q q 0 0 0 rg BT 431.05 75.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 469.36 75.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 516.56 75.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 63.90 Td (information ) Tj ET Q q 0 0 0 rg BT 130.07 63.90 Td (systems. ) Tj ET Q q 0 0 0 rg BT 165.96 63.90 Td (W) Tj ET Q q 0 0 0 rg BT 174.60 63.90 Td (e ) Tj ET Q q 0 0 0 rg BT 180.89 63.90 Td (have ) Tj ET Q q 0 0 0 rg BT 201.62 63.90 Td (hired ) Tj ET Q q 0 0 0 rg BT 224.02 63.90 Td (and ) Tj ET Q q 0 0 0 rg BT 240.32 63.90 Td (in ) Tj ET Q q 0 0 0 rg BT 249.95 63.90 Td (the ) Tj ET Q q 0 0 0 rg BT 264.02 63.90 Td (future ) Tj ET Q q 0 0 0 rg BT 289.76 63.90 Td (may ) Tj ET Q q 0 0 0 rg BT 308.83 63.90 Td (hire ) Tj ET Q q 0 0 0 rg BT 326.23 63.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 368.08 63.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 413.81 63.90 Td (and ) Tj ET Q q 0 0 0 rg BT 430.10 63.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 466.94 63.90 Td (staf) Tj ET Q q 0 0 0 rg BT 481.19 63.90 Td (f ) Tj ET Q q 0 0 0 rg BT 486.38 63.90 Td (with ) Tj ET Q q 0 0 0 rg BT 506.01 63.90 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 51.90 Td (company ) Tj ET Q q 0 0 0 rg BT 119.44 51.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 157.88 51.90 Td (experience ) Tj ET Q q 0 0 0 rg BT 202.97 51.90 Td (and ) Tj ET Q q 0 0 0 rg BT 219.20 51.90 Td (technical ) Tj ET Q q 0 0 0 rg BT 257.07 51.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 302.73 51.90 Td (knowledge. ) Tj ET Q q 0 0 0 rg BT 350.90 51.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 375.45 51.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 413.34 51.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 456.22 51.90 Td (with ) Tj ET Q q 0 0 0 rg BT 475.79 51.90 Td (being ) Tj ET Q q 0 0 0 rg BT 499.79 51.90 Td (a ) Tj ET Q q 0 0 0 rg BT 506.01 51.90 Td (public ) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (company ) Tj ET Q q 0 0 0 rg BT 121.66 735.60 Td (include ) Tj ET Q q 0 0 0 rg BT 155.10 735.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 195.75 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 207.54 735.60 Td (auditing, ) Tj ET Q q 0 0 0 rg BT 246.82 735.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 294.70 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.14 735.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 336.58 735.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 356.69 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.13 735.60 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 417.74 735.60 Td (investor ) Tj ET Q q 0 0 0 rg BT 453.96 735.60 Td (relations ) Tj ET Q q 0 0 0 rg BT 492.40 735.60 Td (expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 122.07 723.60 Td (directors) Tj ET Q q 0 0 0 rg BT 159.64 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 162.96 723.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 182.37 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 200.13 723.60 Td (director ) Tj ET Q q 0 0 0 rg BT 234.54 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 252.29 723.60 Td (of) Tj ET Q q 0 0 0 rg BT 260.44 723.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 282.07 723.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 316.49 723.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 358.12 723.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 383.94 723.60 Td (registrar ) Tj ET Q q 0 0 0 rg BT 420.57 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.32 723.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 472.18 723.60 Td (agent ) Tj ET Q q 0 0 0 rg BT 497.15 723.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 516.56 723.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 108.50 711.60 Td (fees, ) Tj ET Q q 0 0 0 rg BT 129.60 711.60 Td (as ) Tj ET Q q 0 0 0 rg BT 140.43 711.60 Td (well ) Tj ET Q q 0 0 0 rg BT 160.15 711.60 Td (as ) Tj ET Q q 0 0 0 rg BT 170.98 711.60 Td (other ) Tj ET Q q 0 0 0 rg BT 194.03 711.60 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 234.57 711.60 Td (As ) Tj ET Q q 0 0 0 rg BT 248.19 711.60 Td (a ) Tj ET Q q 0 0 0 rg BT 255.13 711.60 Td (public ) Tj ET Q q 0 0 0 rg BT 282.62 711.60 Td (company) Tj ET Q q 0 0 0 rg BT 318.63 711.60 Td (, ) Tj ET Q q 0 0 0 rg BT 323.63 711.60 Td (we ) Tj ET Q q 0 0 0 rg BT 337.79 711.60 Td (are ) Tj ET Q q 0 0 0 rg BT 352.49 711.60 Td (required, ) Tj ET Q q 0 0 0 rg BT 390.81 711.60 Td (among ) Tj ET Q q 0 0 0 rg BT 420.53 711.60 Td (other ) Tj ET Q q 0 0 0 rg BT 443.57 711.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 473.02 711.60 Td (to: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 695.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 695.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 149.77 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.01 695.10 Td (file ) Tj ET Q q 0 0 0 rg BT 183.14 695.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 218.70 695.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 251.77 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.01 695.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 309.58 695.10 Td (other ) Tj ET Q q 0 0 0 rg BT 332.92 695.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 382.37 695.10 Td (communications, ) Tj ET Q q 0 0 0 rg BT 453.77 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.35 695.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 513.23 695.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 683.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 161.97 683.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 202.23 683.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 223.06 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.00 683.10 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 268.62 683.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 296.12 683.10 Td (standards; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 666.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 666.60 Td (define ) Tj ET Q q 0 0 0 rg BT 144.49 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 161.42 666.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 192.80 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 207.52 666.60 Td (roles ) Tj ET Q q 0 0 0 rg BT 229.46 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.39 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 261.11 666.60 Td (duties ) Tj ET Q q 0 0 0 rg BT 287.50 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.33 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 314.16 666.60 Td (board ) Tj ET Q q 0 0 0 rg BT 339.43 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 350.26 666.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 387.74 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 404.68 666.60 Td (its ) Tj ET Q q 0 0 0 rg BT 416.63 666.60 Td (committees; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 650.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 650.10 Td (institute ) Tj ET Q q 0 0 0 rg BT 151.72 650.10 Td (more ) Tj ET Q q 0 0 0 rg BT 174.77 650.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 237.80 650.10 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 288.89 650.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 323.61 650.10 Td (relations ) Tj ET Q q 0 0 0 rg BT 360.54 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.48 650.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 410.52 650.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 433.02 650.10 Td (functions; ) Tj ET Q q 0 0 0 rg BT 475.51 650.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 633.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 633.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 152.10 633.60 Td (and ) Tj ET Q q 0 0 0 rg BT 168.32 633.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 205.09 633.60 Td (our ) Tj ET Q q 0 0 0 rg BT 220.21 633.60 Td (system ) Tj ET Q q 0 0 0 rg BT 249.77 633.60 Td (of ) Tj ET Q q 0 0 0 rg BT 259.89 633.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 292.21 633.60 Td (control ) Tj ET Q q 0 0 0 rg BT 322.32 633.60 Td (over ) Tj ET Q q 0 0 0 rg BT 341.88 633.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 378.64 633.60 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 419.58 633.60 Td (and ) Tj ET Q q 0 0 0 rg BT 435.80 633.60 Td (report ) Tj ET Q q 0 0 0 rg BT 461.47 633.60 Td (on ) Tj ET Q q 0 0 0 rg BT 473.25 633.60 Td (management) Tj ET Q q 0 0 0 rg BT 527.12 633.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 621.60 Td (assessment ) Tj ET Q q 0 0 0 rg BT 165.64 621.60 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 200.65 621.60 Td (in ) Tj ET Q q 0 0 0 rg BT 212.63 621.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 262.92 621.60 Td (with ) Tj ET Q q 0 0 0 rg BT 284.90 621.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 308.54 621.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.18 621.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 375.81 621.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.34 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 404.76 621.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 427.30 621.60 Td (and ) Tj ET Q q 0 0 0 rg BT 445.94 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.35 621.60 Td (Public ) Tj ET Q q 0 0 0 rg BT 492.11 621.60 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 609.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 166.16 609.60 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 208.09 609.60 Td (Board. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 588.60 Td (In ) Tj ET Q q 0 0 0 rg BT 114.84 588.60 Td (particular) Tj ET Q q 0 0 0 rg BT 152.75 588.60 Td (, ) Tj ET Q q 0 0 0 rg BT 156.76 588.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.49 588.60 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 235.53 588.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 251.48 588.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.32 588.60 Td (2002 ) Tj ET Q q 0 0 0 rg BT 282.83 588.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 316.55 588.60 Td (us ) Tj ET Q q 0 0 0 rg BT 326.95 588.60 Td (to ) Tj ET Q q 0 0 0 rg BT 336.24 588.60 Td (document ) Tj ET Q q 0 0 0 rg BT 377.18 588.60 Td (and ) Tj ET Q q 0 0 0 rg BT 393.13 588.60 Td (test ) Tj ET Q q 0 0 0 rg BT 408.53 588.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.26 588.60 Td (ef) Tj ET Q q 0 0 0 rg BT 429.84 588.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 475.78 588.60 Td (of ) Tj ET Q q 0 0 0 rg BT 485.62 588.60 Td (our ) Tj ET Q q 0 0 0 rg BT 500.46 588.60 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 576.60 Td (control ) Tj ET Q q 0 0 0 rg BT 111.40 576.60 Td (over ) Tj ET Q q 0 0 0 rg BT 131.25 576.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.30 576.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 207.04 576.60 Td (in ) Tj ET Q q 0 0 0 rg BT 216.89 576.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 263.93 576.60 Td (with ) Tj ET Q q 0 0 0 rg BT 283.78 576.60 Td (an ) Tj ET Q q 0 0 0 rg BT 295.30 576.60 Td (established ) Tj ET Q q 0 0 0 rg BT 341.81 576.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 374.43 576.60 Td (control ) Tj ET Q q 0 0 0 rg BT 404.83 576.60 Td (framework, ) Tj ET Q q 0 0 0 rg BT 453.27 576.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.79 576.60 Td (to ) Tj ET Q q 0 0 0 rg BT 479.64 576.60 Td (report ) Tj ET Q q 0 0 0 rg BT 505.60 576.60 Td (on ) Tj ET Q q 0 0 0 rg BT 517.67 576.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 564.60 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 131.99 564.60 Td (as ) Tj ET Q q 0 0 0 rg BT 144.09 564.60 Td (to ) Tj ET Q q 0 0 0 rg BT 155.64 564.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.62 564.60 Td (ef) Tj ET Q q 0 0 0 rg BT 179.21 564.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 227.40 564.60 Td (of ) Tj ET Q q 0 0 0 rg BT 239.50 564.60 Td (our ) Tj ET Q q 0 0 0 rg BT 256.60 564.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 290.92 564.60 Td (controls. ) Tj ET Q q 0 0 0 rg BT 329.40 564.60 Td (In ) Tj ET Q q 0 0 0 rg BT 341.50 564.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 380.55 564.60 Td (we ) Tj ET Q q 0 0 0 rg BT 395.98 564.60 Td (are ) Tj ET Q q 0 0 0 rg BT 411.95 564.60 Td (required ) Tj ET Q q 0 0 0 rg BT 449.04 564.60 Td (under ) Tj ET Q q 0 0 0 rg BT 475.58 564.60 Td (the ) Tj ET Q q 0 0 0 rg BT 491.56 564.60 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 552.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 123.02 552.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 140.79 552.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.45 552.60 Td (1934, ) Tj ET Q q 0 0 0 rg BT 178.28 552.60 Td (as ) Tj ET Q q 0 0 0 rg BT 189.94 552.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 229.37 552.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 248.25 552.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 294.71 552.60 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 322.75 552.60 Td (to ) Tj ET Q q 0 0 0 rg BT 333.86 552.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 372.18 552.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 416.06 552.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 451.60 552.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.37 552.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 516.57 552.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 540.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 113.07 540.60 Td (control ) Tj ET Q q 0 0 0 rg BT 142.92 540.60 Td (over ) Tj ET Q q 0 0 0 rg BT 162.21 540.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.72 540.60 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 239.06 540.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 257.81 540.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 285.43 540.60 Td (to ) Tj ET Q q 0 0 0 rg BT 294.74 540.60 Td (implement ) Tj ET Q q 0 0 0 rg BT 339.03 540.60 Td (required ) Tj ET Q q 0 0 0 rg BT 373.87 540.60 Td (new ) Tj ET Q q 0 0 0 rg BT 392.06 540.60 Td (or ) Tj ET Q q 0 0 0 rg BT 401.91 540.60 Td (improved ) Tj ET Q q 0 0 0 rg BT 441.76 540.60 Td (controls, ) Tj ET Q q 0 0 0 rg BT 478.01 540.60 Td (or ) Tj ET Q q 0 0 0 rg BT 487.86 540.60 Td (dif) Tj ET Q q 0 0 0 rg BT 498.79 540.60 Td (ficulties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 528.60 Td (encountered ) Tj ET Q q 0 0 0 rg BT 132.93 528.60 Td (in ) Tj ET Q q 0 0 0 rg BT 143.77 528.60 Td (their ) Tj ET Q q 0 0 0 rg BT 165.16 528.60 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 233.49 528.60 Td (could ) Tj ET Q q 0 0 0 rg BT 258.77 528.60 Td (harm ) Tj ET Q q 0 0 0 rg BT 282.38 528.60 Td (our ) Tj ET Q q 0 0 0 rg BT 298.77 528.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 339.60 528.60 Td (results ) Tj ET Q q 0 0 0 rg BT 368.77 528.60 Td (or ) Tj ET Q q 0 0 0 rg BT 380.17 528.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 405.44 528.60 Td (us ) Tj ET Q q 0 0 0 rg BT 417.39 528.60 Td (to ) Tj ET Q q 0 0 0 rg BT 428.23 528.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 444.62 528.60 Td (to ) Tj ET Q q 0 0 0 rg BT 455.47 528.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 477.96 528.60 Td (our ) Tj ET Q q 0 0 0 rg BT 494.36 528.60 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 516.60 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 130.12 516.60 Td (If ) Tj ET Q q 0 0 0 rg BT 138.95 516.60 Td (we ) Tj ET Q q 0 0 0 rg BT 152.79 516.60 Td (are ) Tj ET Q q 0 0 0 rg BT 167.17 516.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 196.00 516.60 Td (to ) Tj ET Q q 0 0 0 rg BT 205.96 516.60 Td (conclude ) Tj ET Q q 0 0 0 rg BT 244.23 516.60 Td (that ) Tj ET Q q 0 0 0 rg BT 261.40 516.60 Td (we ) Tj ET Q q 0 0 0 rg BT 275.23 516.60 Td (have ) Tj ET Q q 0 0 0 rg BT 296.28 516.60 Td (ef) Tj ET Q q 0 0 0 rg BT 303.87 516.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 333.25 516.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 365.97 516.60 Td (control ) Tj ET Q q 0 0 0 rg BT 396.47 516.60 Td (over ) Tj ET Q q 0 0 0 rg BT 416.41 516.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.57 516.60 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 494.90 516.60 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 504.60 Td (could ) Tj ET Q q 0 0 0 rg BT 105.79 504.60 Td (lose ) Tj ET Q q 0 0 0 rg BT 124.48 504.60 Td (confidence ) Tj ET Q q 0 0 0 rg BT 170.92 504.60 Td (in ) Tj ET Q q 0 0 0 rg BT 181.27 504.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.07 504.60 Td (reliability ) Tj ET Q q 0 0 0 rg BT 237.52 504.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.43 504.60 Td (our ) Tj ET Q q 0 0 0 rg BT 264.34 504.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 301.89 504.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 349.00 504.60 Td (This ) Tj ET Q q 0 0 0 rg BT 369.35 504.60 Td (could ) Tj ET Q q 0 0 0 rg BT 394.15 504.60 Td (result ) Tj ET Q q 0 0 0 rg BT 418.94 504.60 Td (in ) Tj ET Q q 0 0 0 rg BT 429.30 504.60 Td (a ) Tj ET Q q 0 0 0 rg BT 436.31 504.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 473.30 504.60 Td (in ) Tj ET Q q 0 0 0 rg BT 483.66 504.60 Td (the ) Tj ET Q q 0 0 0 rg BT 498.45 504.60 Td (value ) Tj ET Q q 0 0 0 rg BT 522.68 504.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 492.60 Td (our ) Tj ET Q q 0 0 0 rg BT 96.01 492.60 Td (common ) Tj ET Q q 0 0 0 rg BT 132.68 492.60 Td (stock. ) Tj ET Q q 0 0 0 rg BT 157.97 492.60 Td (Failure ) Tj ET Q q 0 0 0 rg BT 187.97 492.60 Td (to ) Tj ET Q q 0 0 0 rg BT 197.42 492.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 229.10 492.60 Td (with ) Tj ET Q q 0 0 0 rg BT 248.55 492.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.45 492.60 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 327.62 492.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 343.74 492.60 Td (of ) Tj ET Q q 0 0 0 rg BT 353.74 492.60 Td (2002 ) Tj ET Q q 0 0 0 rg BT 375.42 492.60 Td (could ) Tj ET Q q 0 0 0 rg BT 399.31 492.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 443.76 492.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 473.76 492.60 Td (us ) Tj ET Q q 0 0 0 rg BT 484.33 492.60 Td (to ) Tj ET Q q 0 0 0 rg BT 493.79 492.60 Td (sanctions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 480.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.83 480.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 149.88 480.60 Td (by ) Tj ET Q q 0 0 0 rg BT 162.38 480.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.10 480.60 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 200.44 480.60 Td (NYSE, ) Tj ET Q q 0 0 0 rg BT 231.55 480.60 Td (or ) Tj ET Q q 0 0 0 rg BT 242.38 480.60 Td (other ) Tj ET Q q 0 0 0 rg BT 265.43 480.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 309.02 480.60 Td (authorities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 459.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.39 459.60 Td (1992, ) Tj ET Q q 0 0 0 rg BT 139.80 459.60 Td (The ) Tj ET Q q 0 0 0 rg BT 157.41 459.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 203.91 459.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.31 459.60 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 261.93 459.60 Td (Or) Tj ET Q q 0 0 0 rg BT 272.30 459.60 Td (ganization ) Tj ET Q q 0 0 0 rg BT 316.01 459.60 Td (of ) Tj ET Q q 0 0 0 rg BT 326.41 459.60 Td (the ) Tj ET Q q 0 0 0 rg BT 340.53 459.60 Td (T) Tj ET Q q 0 0 0 rg BT 346.29 459.60 Td (readway ) Tj ET Q q 0 0 0 rg BT 382.22 459.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 434.85 459.60 Td (\("COSO"\) ) Tj ET Q q 0 0 0 rg BT 478.41 459.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 521.57 459.60 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 447.60 Td (integrated ) Tj ET Q q 0 0 0 rg BT 122.43 447.60 Td (framework ) Tj ET Q q 0 0 0 rg BT 167.75 447.60 Td (for ) Tj ET Q q 0 0 0 rg BT 180.86 447.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.52 447.60 Td (design ) Tj ET Q q 0 0 0 rg BT 222.08 447.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.97 447.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 281.07 447.60 Td (of ) Tj ET Q q 0 0 0 rg BT 290.85 447.60 Td (or) Tj ET Q q 0 0 0 rg BT 299.00 447.60 Td (ganization ) Tj ET Q q 0 0 0 rg BT 342.09 447.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 374.09 447.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 407.75 447.60 Td (over ) Tj ET Q q 0 0 0 rg BT 426.97 447.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.40 447.60 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 504.00 447.60 Td ( ) Tj ET Q q 0 0 0 rg BT 505.45 447.60 Td (Public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 435.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 126.51 435.60 Td (have ) Tj ET Q q 0 0 0 rg BT 148.13 435.60 Td (used ) Tj ET Q q 0 0 0 rg BT 169.21 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.17 435.60 Td (framework ) Tj ET Q q 0 0 0 rg BT 230.78 435.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.31 435.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 277.36 435.60 Td (and ) Tj ET Q q 0 0 0 rg BT 294.55 435.60 Td (document ) Tj ET Q q 0 0 0 rg BT 336.73 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.69 435.60 Td (ef) Tj ET Q q 0 0 0 rg BT 359.28 435.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 406.45 435.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.52 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.48 435.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 465.77 435.60 Td (control ) Tj ET Q q 0 0 0 rg BT 496.84 435.60 Td (systems. ) Tj ET Q q 0 0 0 rg BT 533.51 435.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 423.60 Td (In ) Tj ET Q q 0 0 0 rg BT 91.12 423.60 Td (May ) Tj ET Q q 0 0 0 rg BT 111.23 423.60 Td (of ) Tj ET Q q 0 0 0 rg BT 121.35 423.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 145.64 423.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.64 423.60 Td (COSO ) Tj ET Q q 0 0 0 rg BT 188.10 423.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 214.33 423.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 247.77 423.60 Td (an ) Tj ET Q q 0 0 0 rg BT 259.00 423.60 Td (updated ) Tj ET Q q 0 0 0 rg BT 292.44 423.60 Td (framework ) Tj ET Q q 0 0 0 rg BT 338.09 423.60 Td (which ) Tj ET Q q 0 0 0 rg BT 364.32 423.60 Td (will ) Tj ET Q q 0 0 0 rg BT 381.66 423.60 Td (supersede ) Tj ET Q q 0 0 0 rg BT 422.88 423.60 Td (the ) Tj ET Q q 0 0 0 rg BT 436.88 423.60 Td (COSO ) Tj ET Q q 0 0 0 rg BT 465.35 423.60 Td (1992 ) Tj ET Q q 0 0 0 rg BT 487.13 423.60 Td (framework ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 411.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.07 411.60 Td (year ) Tj ET Q q 0 0 0 rg BT 114.69 411.60 Td (ends ) Tj ET Q q 0 0 0 rg BT 135.43 411.60 Td (after ) Tj ET Q q 0 0 0 rg BT 156.16 411.60 Td (December ) Tj ET Q q 0 0 0 rg BT 199.65 411.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 214.56 411.60 Td (2014. ) Tj ET Q q 0 0 0 rg BT 239.47 411.60 Td ( ) Tj ET Q q 0 0 0 rg BT 241.71 411.60 Td (The ) Tj ET Q q 0 0 0 rg BT 259.67 411.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 290.96 411.60 Td (framework ) Tj ET Q q 0 0 0 rg BT 337.24 411.60 Td (is ) Tj ET Q q 0 0 0 rg BT 346.32 411.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 384.27 411.60 Td (to ) Tj ET Q q 0 0 0 rg BT 394.46 411.60 Td (address ) Tj ET Q q 0 0 0 rg BT 426.87 411.60 Td (global, ) Tj ET Q q 0 0 0 rg BT 456.77 411.60 Td (more ) Tj ET Q q 0 0 0 rg BT 479.73 411.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 516.57 411.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 399.60 Td (technology ) Tj ET Q q 0 0 0 rg BT 129.74 399.60 Td (driven ) Tj ET Q q 0 0 0 rg BT 159.60 399.60 Td (companies, ) Tj ET Q q 0 0 0 rg BT 209.17 399.60 Td (creates ) Tj ET Q q 0 0 0 rg BT 241.23 399.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 273.29 399.60 Td (transparency ) Tj ET Q q 0 0 0 rg BT 328.68 399.60 Td (for ) Tj ET Q q 0 0 0 rg BT 344.65 399.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 385.07 399.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.81 399.60 Td (helps ) Tj ET Q q 0 0 0 rg BT 429.23 399.60 Td (to ) Tj ET Q q 0 0 0 rg BT 441.31 399.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 465.05 399.60 Td (more ) Tj ET Q q 0 0 0 rg BT 489.91 399.60 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 387.60 Td (oversight. ) Tj ET Q q 0 0 0 rg BT 123.22 387.60 Td ( ) Tj ET Q q 0 0 0 rg BT 125.17 387.60 Td (As ) Tj ET Q q 0 0 0 rg BT 138.78 387.60 Td (a ) Tj ET Q q 0 0 0 rg BT 145.72 387.60 Td (September ) Tj ET Q q 0 0 0 rg BT 190.98 387.60 Td (30th ) Tj ET Q q 0 0 0 rg BT 211.26 387.60 Td (filer) Tj ET Q q 0 0 0 rg BT 227.51 387.60 Td (, ) Tj ET Q q 0 0 0 rg BT 232.51 387.60 Td (we ) Tj ET Q q 0 0 0 rg BT 246.67 387.60 Td (implemented ) Tj ET Q q 0 0 0 rg BT 301.38 387.60 Td (the ) Tj ET Q q 0 0 0 rg BT 316.10 387.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 347.47 387.60 Td (framework ) Tj ET Q q 0 0 0 rg BT 393.84 387.60 Td (for ) Tj ET Q q 0 0 0 rg BT 408.00 387.60 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 434.02 387.60 Td (Y) Tj ET Q q 0 0 0 rg BT 440.24 387.60 Td (ear ) Tj ET Q q 0 0 0 rg BT 454.95 387.60 Td (2015.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 362.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 104.59 362.10 Td (if ) Tj ET Q q 0 0 0 rg BT 113.17 362.10 Td (HRG ) Tj ET Q q 0 0 0 rg BT 137.32 362.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 157.58 362.10 Td (suf) Tj ET Q q 0 0 0 rg BT 170.18 362.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 198.76 362.10 Td (common ) Tj ET Q q 0 0 0 rg BT 236.80 362.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 260.38 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.20 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.46 362.10 Td (future ) Tj ET Q q 0 0 0 rg BT 314.50 362.10 Td (so ) Tj ET Q q 0 0 0 rg BT 325.87 362.10 Td (that ) Tj ET Q q 0 0 0 rg BT 344.46 362.10 Td (it ) Tj ET Q q 0 0 0 rg BT 352.50 362.10 Td (is ) Tj ET Q q 0 0 0 rg BT 361.64 362.10 Td (no ) Tj ET Q q 0 0 0 rg BT 374.68 362.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 403.83 362.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.76 362.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 457.68 362.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 506.59 362.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.56 362.10 Td (anti-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 350.10 Td (takeover ) Tj ET Q q 0 0 0 rg BT 118.63 350.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 163.51 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.50 350.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.61 350.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 224.25 350.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 271.35 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.56 350.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 331.65 350.10 Td (law ) Tj ET Q q 0 0 0 rg BT 348.75 350.10 Td (could ) Tj ET Q q 0 0 0 rg BT 374.17 350.10 Td (discourage, ) Tj ET Q q 0 0 0 rg BT 424.32 350.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 448.63 350.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.17 350.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 493.36 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.01 350.10 Td (change ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.84 338.10 Td (control ) Tj ET Q q 0 0 0 rg BT 123.79 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.62 338.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.57 338.10 Td (company ) Tj ET Q q 0 0 0 rg BT 191.29 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.35 338.10 Td (may ) Tj ET Q q 0 0 0 rg BT 229.07 338.10 Td (af) Tj ET Q q 0 0 0 rg BT 237.22 338.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 254.70 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.98 338.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 302.49 338.10 Td (price ) Tj ET Q q 0 0 0 rg BT 325.54 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.37 338.10 Td (our ) Tj ET Q q 0 0 0 rg BT 353.32 338.10 Td (common ) Tj ET Q q 0 0 0 rg BT 391.38 338.10 Td (stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.98 338.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 321.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.20 321.60 Td (certificate ) Tj ET Q q 0 0 0 rg BT 165.82 321.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.80 321.60 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 233.32 321.60 Td (and ) Tj ET Q q 0 0 0 rg BT 250.41 321.60 Td (by-laws ) Tj ET Q q 0 0 0 rg BT 284.72 321.60 Td (include ) Tj ET Q q 0 0 0 rg BT 316.80 321.60 Td (a ) Tj ET Q q 0 0 0 rg BT 323.89 321.60 Td (number ) Tj ET Q q 0 0 0 rg BT 357.09 321.60 Td (of ) Tj ET Q q 0 0 0 rg BT 368.07 321.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 412.39 321.60 Td (that ) Tj ET Q q 0 0 0 rg BT 430.04 321.60 Td (may ) Tj ET Q q 0 0 0 rg BT 449.90 321.60 Td (discourage, ) Tj ET Q q 0 0 0 rg BT 498.37 321.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 522.68 321.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 309.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 113.25 309.60 Td (a ) Tj ET Q q 0 0 0 rg BT 119.95 309.60 Td (change ) Tj ET Q q 0 0 0 rg BT 150.53 309.60 Td (in ) Tj ET Q q 0 0 0 rg BT 160.57 309.60 Td (our ) Tj ET Q q 0 0 0 rg BT 176.16 309.60 Td (management ) Tj ET Q q 0 0 0 rg BT 229.52 309.60 Td (or ) Tj ET Q q 0 0 0 rg BT 240.11 309.60 Td (control ) Tj ET Q q 0 0 0 rg BT 270.70 309.60 Td (over ) Tj ET Q q 0 0 0 rg BT 290.73 309.60 Td (us ) Tj ET Q q 0 0 0 rg BT 301.88 309.60 Td (that ) Tj ET Q q 0 0 0 rg BT 319.14 309.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 371.94 309.60 Td (may ) Tj ET Q q 0 0 0 rg BT 391.42 309.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 427.56 309.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 467.58 309.60 Td (in ) Tj ET Q q 0 0 0 rg BT 477.62 309.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.10 309.60 Td (event ) Tj ET Q q 0 0 0 rg BT 516.02 309.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 297.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 104.29 297.60 Td (sells ) Tj ET Q q 0 0 0 rg BT 124.25 297.60 Td (suf) Tj ET Q q 0 0 0 rg BT 136.29 297.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 164.01 297.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 187.30 297.60 Td (in ) Tj ET Q q 0 0 0 rg BT 197.26 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.65 297.60 Td (future ) Tj ET Q q 0 0 0 rg BT 237.71 297.60 Td (so ) Tj ET Q q 0 0 0 rg BT 248.78 297.60 Td (that ) Tj ET Q q 0 0 0 rg BT 265.95 297.60 Td (it ) Tj ET Q q 0 0 0 rg BT 273.69 297.60 Td (is ) Tj ET Q q 0 0 0 rg BT 282.54 297.60 Td (no ) Tj ET Q q 0 0 0 rg BT 294.72 297.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 322.44 297.60 Td (our ) Tj ET Q q 0 0 0 rg BT 337.95 297.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 374.02 297.60 Td (shareholder) Tj ET Q q 0 0 0 rg BT 420.11 297.60 Td (. ) Tj ET Q q 0 0 0 rg BT 424.79 297.60 Td (For ) Tj ET Q q 0 0 0 rg BT 440.86 297.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 479.41 297.60 Td (our ) Tj ET Q q 0 0 0 rg BT 494.92 297.60 Td (amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 285.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 285.60 Td (restated ) Tj ET Q q 0 0 0 rg BT 131.53 285.60 Td (certificate ) Tj ET Q q 0 0 0 rg BT 174.00 285.60 Td (of ) Tj ET Q q 0 0 0 rg BT 184.83 285.60 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 241.20 285.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.14 285.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 296.73 285.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.67 285.60 Td (restated ) Tj ET Q q 0 0 0 rg BT 347.26 285.60 Td (by-laws: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 269.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 269.10 Td (authorize ) Tj ET Q q 0 0 0 rg BT 156.64 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.29 269.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 207.60 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.36 269.10 Td (blank ) Tj ET Q q 0 0 0 rg BT 247.45 269.10 Td (check ) Tj ET Q q 0 0 0 rg BT 277.64 269.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 316.71 269.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 340.25 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 357.68 269.10 Td (could ) Tj ET Q q 0 0 0 rg BT 382.33 269.10 Td (be ) Tj ET Q q 0 0 0 rg BT 394.20 269.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 421.64 269.10 Td (by ) Tj ET Q q 0 0 0 rg BT 434.07 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.84 269.10 Td (board ) Tj ET Q q 0 0 0 rg BT 475.04 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.80 269.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 523.22 269.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 257.10 Td (thwart ) Tj ET Q q 0 0 0 rg BT 145.05 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.99 257.10 Td (takeover ) Tj ET Q q 0 0 0 rg BT 188.91 257.10 Td (attempt; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 240.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 240.60 Td (establish ) Tj ET Q q 0 0 0 rg BT 154.80 240.60 Td (a ) Tj ET Q q 0 0 0 rg BT 162.05 240.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 202.62 240.60 Td (board ) Tj ET Q q 0 0 0 rg BT 228.19 240.60 Td (of ) Tj ET Q q 0 0 0 rg BT 239.33 240.60 Td (directors, ) Tj ET Q q 0 0 0 rg BT 279.62 240.60 Td (as ) Tj ET Q q 0 0 0 rg BT 290.76 240.60 Td (a ) Tj ET Q q 0 0 0 rg BT 298.00 240.60 Td (result ) Tj ET Q q 0 0 0 rg BT 323.03 240.60 Td (of ) Tj ET Q q 0 0 0 rg BT 334.16 240.60 Td (which ) Tj ET Q q 0 0 0 rg BT 361.41 240.60 Td (our ) Tj ET Q q 0 0 0 rg BT 377.54 240.60 Td (board ) Tj ET Q q 0 0 0 rg BT 403.12 240.60 Td (of ) Tj ET Q q 0 0 0 rg BT 414.26 240.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 452.05 240.60 Td (will ) Tj ET Q q 0 0 0 rg BT 470.41 240.60 Td (be ) Tj ET Q q 0 0 0 rg BT 482.66 240.60 Td (divided ) Tj ET Q q 0 0 0 rg BT 515.46 240.60 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 228.60 Td (three ) Tj ET Q q 0 0 0 rg BT 138.63 228.60 Td (classes, ) Tj ET Q q 0 0 0 rg BT 170.54 228.60 Td (with ) Tj ET Q q 0 0 0 rg BT 189.97 228.60 Td (members ) Tj ET Q q 0 0 0 rg BT 228.27 228.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.25 228.60 Td (each ) Tj ET Q q 0 0 0 rg BT 258.21 228.60 Td (class ) Tj ET Q q 0 0 0 rg BT 279.29 228.60 Td (serving ) Tj ET Q q 0 0 0 rg BT 310.37 228.60 Td (staggered ) Tj ET Q q 0 0 0 rg BT 350.33 228.60 Td (three-year ) Tj ET Q q 0 0 0 rg BT 392.50 228.60 Td (terms, ) Tj ET Q q 0 0 0 rg BT 418.87 228.60 Td (which ) Tj ET Q q 0 0 0 rg BT 444.95 228.60 Td (prevents ) Tj ET Q q 0 0 0 rg BT 480.47 228.60 Td (shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 216.60 Td (from ) Tj ET Q q 0 0 0 rg BT 138.94 216.60 Td (electing ) Tj ET Q q 0 0 0 rg BT 173.09 216.60 Td (an ) Tj ET Q q 0 0 0 rg BT 185.03 216.60 Td (entirely ) Tj ET Q q 0 0 0 rg BT 218.07 216.60 Td (new ) Tj ET Q q 0 0 0 rg BT 237.23 216.60 Td (board ) Tj ET Q q 0 0 0 rg BT 262.50 216.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.33 216.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 310.81 216.60 Td (at ) Tj ET Q q 0 0 0 rg BT 320.53 216.60 Td (an ) Tj ET Q q 0 0 0 rg BT 332.47 216.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 361.62 216.60 Td (meeting; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 200.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 200.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 138.39 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.11 200.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 181.16 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.99 200.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 245.03 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.31 200.10 Td (remove ) Tj ET Q q 0 0 0 rg BT 287.79 200.10 Td (directors; ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 99.00 194.40 Td ( ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 117.00 194.40 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 182.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 182.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 150.38 182.40 Td (that ) Tj ET Q q 0 0 0 rg BT 168.20 182.40 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 209.89 182.40 Td (on ) Tj ET Q q 0 0 0 rg BT 222.72 182.40 Td (our ) Tj ET Q q 0 0 0 rg BT 238.88 182.40 Td (board ) Tj ET Q q 0 0 0 rg BT 264.48 182.40 Td (of ) Tj ET Q q 0 0 0 rg BT 275.64 182.40 Td (directors, ) Tj ET Q q 0 0 0 rg BT 315.96 182.40 Td (including ) Tj ET Q q 0 0 0 rg BT 356.56 182.40 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 398.25 182.40 Td (resulting ) Tj ET Q q 0 0 0 rg BT 436.07 182.40 Td (from ) Tj ET Q q 0 0 0 rg BT 458.34 182.40 Td (an ) Tj ET Q q 0 0 0 rg BT 470.61 182.40 Td (enlar) Tj ET Q q 0 0 0 rg BT 490.42 182.40 Td (gement ) Tj ET Q q 0 0 0 rg BT 522.68 182.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 170.40 Td (our ) Tj ET Q q 0 0 0 rg BT 132.83 170.40 Td (board ) Tj ET Q q 0 0 0 rg BT 158.10 170.40 Td (of ) Tj ET Q q 0 0 0 rg BT 168.93 170.40 Td (directors, ) Tj ET Q q 0 0 0 rg BT 208.91 170.40 Td (may ) Tj ET Q q 0 0 0 rg BT 228.63 170.40 Td (be ) Tj ET Q q 0 0 0 rg BT 240.57 170.40 Td (filled ) Tj ET Q q 0 0 0 rg BT 264.17 170.40 Td (only ) Tj ET Q q 0 0 0 rg BT 284.45 170.40 Td (by ) Tj ET Q q 0 0 0 rg BT 296.95 170.40 Td (a ) Tj ET Q q 0 0 0 rg BT 303.89 170.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 340.27 170.40 Td (vote ) Tj ET Q q 0 0 0 rg BT 359.99 170.40 Td (of ) Tj ET Q q 0 0 0 rg BT 370.82 170.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 408.30 170.40 Td (then ) Tj ET Q q 0 0 0 rg BT 428.02 170.40 Td (in ) Tj ET Q q 0 0 0 rg BT 438.30 170.40 Td (of) Tj ET Q q 0 0 0 rg BT 446.45 170.40 Td (fice; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 153.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 153.90 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 151.38 153.90 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 204.64 153.90 Td (from ) Tj ET Q q 0 0 0 rg BT 226.80 153.90 Td (calling ) Tj ET Q q 0 0 0 rg BT 256.73 153.90 Td (special ) Tj ET Q q 0 0 0 rg BT 287.21 153.90 Td (meetings ) Tj ET Q q 0 0 0 rg BT 326.04 153.90 Td (of ) Tj ET Q q 0 0 0 rg BT 337.09 153.90 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 390.34 153.90 Td (if ) Tj ET Q q 0 0 0 rg BT 399.17 153.90 Td (HRG ) Tj ET Q q 0 0 0 rg BT 423.01 153.90 Td (ceases ) Tj ET Q q 0 0 0 rg BT 451.26 153.90 Td (to ) Tj ET Q q 0 0 0 rg BT 461.76 153.90 Td (own ) Tj ET Q q 0 0 0 rg BT 481.70 153.90 Td (at ) Tj ET Q q 0 0 0 rg BT 491.64 153.90 Td (least ) Tj ET Q q 0 0 0 rg BT 512.68 153.90 Td (50% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 141.90 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 141.90 Td (the ) Tj ET Q q 0 0 0 rg BT 142.55 141.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 191.71 141.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 219.20 141.90 Td (of ) Tj ET Q q 0 0 0 rg BT 230.03 141.90 Td (our ) Tj ET Q q 0 0 0 rg BT 245.86 141.90 Td (common ) Tj ET Q q 0 0 0 rg BT 283.36 141.90 Td (stock; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 125.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 125.40 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 151.41 125.40 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 200.79 125.40 Td (action ) Tj ET Q q 0 0 0 rg BT 227.97 125.40 Td (by ) Tj ET Q q 0 0 0 rg BT 240.71 125.40 Td (written ) Tj ET Q q 0 0 0 rg BT 271.78 125.40 Td (consent, ) Tj ET Q q 0 0 0 rg BT 307.57 125.40 Td (thereby ) Tj ET Q q 0 0 0 rg BT 340.29 125.40 Td (requiring ) Tj ET Q q 0 0 0 rg BT 379.69 125.40 Td (all ) Tj ET Q q 0 0 0 rg BT 392.43 125.40 Td (actions ) Tj ET Q q 0 0 0 rg BT 423.49 125.40 Td (to ) Tj ET Q q 0 0 0 rg BT 434.01 125.40 Td (be ) Tj ET Q q 0 0 0 rg BT 446.19 125.40 Td (taken ) Tj ET Q q 0 0 0 rg BT 470.59 125.40 Td (at ) Tj ET Q q 0 0 0 rg BT 480.55 125.40 Td (a ) Tj ET Q q 0 0 0 rg BT 487.73 125.40 Td (meeting ) Tj ET Q q 0 0 0 rg BT 522.68 125.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 113.40 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 113.40 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 187.25 113.40 Td (if ) Tj ET Q q 0 0 0 rg BT 195.86 113.40 Td (HRG ) Tj ET Q q 0 0 0 rg BT 219.48 113.40 Td (ceases ) Tj ET Q q 0 0 0 rg BT 247.51 113.40 Td (to ) Tj ET Q q 0 0 0 rg BT 257.79 113.40 Td (own ) Tj ET Q q 0 0 0 rg BT 277.51 113.40 Td (at ) Tj ET Q q 0 0 0 rg BT 287.23 113.40 Td (least ) Tj ET Q q 0 0 0 rg BT 308.05 113.40 Td (50% ) Tj ET Q q 0 0 0 rg BT 328.88 113.40 Td (of ) Tj ET Q q 0 0 0 rg BT 339.71 113.40 Td (the ) Tj ET Q q 0 0 0 rg BT 354.43 113.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 403.60 113.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 431.09 113.40 Td (of ) Tj ET Q q 0 0 0 rg BT 441.92 113.40 Td (our ) Tj ET Q q 0 0 0 rg BT 457.75 113.40 Td (common ) Tj ET Q q 0 0 0 rg BT 495.24 113.40 Td (stock; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 96.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 96.90 Td (establish ) Tj ET Q q 0 0 0 rg BT 154.43 96.90 Td (advance ) Tj ET Q q 0 0 0 rg BT 189.63 96.90 Td (notice ) Tj ET Q q 0 0 0 rg BT 216.50 96.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 271.14 96.90 Td (for ) Tj ET Q q 0 0 0 rg BT 285.24 96.90 Td (nominations ) Tj ET Q q 0 0 0 rg BT 337.12 96.90 Td (of ) Tj ET Q q 0 0 0 rg BT 347.89 96.90 Td (candidates ) Tj ET Q q 0 0 0 rg BT 392.53 96.90 Td (for ) Tj ET Q q 0 0 0 rg BT 406.63 96.90 Td (election ) Tj ET Q q 0 0 0 rg BT 440.72 96.90 Td (as ) Tj ET Q q 0 0 0 rg BT 451.49 96.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 488.91 96.90 Td (or ) Tj ET Q q 0 0 0 rg BT 499.68 96.90 Td (to ) Tj ET Q q 0 0 0 rg BT 509.90 96.90 Td (bring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 84.90 Td (other ) Tj ET Q q 0 0 0 rg BT 140.05 84.90 Td (business ) Tj ET Q q 0 0 0 rg BT 176.44 84.90 Td (before ) Tj ET Q q 0 0 0 rg BT 204.48 84.90 Td (an ) Tj ET Q q 0 0 0 rg BT 216.41 84.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 245.57 84.90 Td (meeting ) Tj ET Q q 0 0 0 rg BT 280.28 84.90 Td (of ) Tj ET Q q 0 0 0 rg BT 291.11 84.90 Td (our ) Tj ET Q q 0 0 0 rg BT 306.94 84.90 Td (shareholders; ) Tj ET Q q 0 0 0 rg BT 362.76 84.90 Td (and ) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 735.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 735.60 Td (require ) Tj ET Q q 0 0 0 rg BT 148.54 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.98 735.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 202.18 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.73 735.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 246.39 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 257.95 735.60 Td (at ) Tj ET Q q 0 0 0 rg BT 268.38 735.60 Td (least ) Tj ET Q q 0 0 0 rg BT 289.93 735.60 Td (66 ) Tj ET Q q 0 0 0 rg BT 303.15 735.60 Td (2/3% ) Tj ET Q q 0 0 0 rg BT 327.48 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 339.04 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.47 735.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 404.36 735.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 432.57 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 444.12 735.60 Td (our ) Tj ET Q q 0 0 0 rg BT 460.68 735.60 Td (common ) Tj ET Q q 0 0 0 rg BT 498.89 735.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 523.22 735.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 723.60 Td (amend ) Tj ET Q q 0 0 0 rg BT 146.10 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 161.87 723.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 200.40 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 217.28 723.60 Td (restated ) Tj ET Q q 0 0 0 rg BT 250.81 723.60 Td (by-laws ) Tj ET Q q 0 0 0 rg BT 284.91 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 301.79 723.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 331.44 723.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 375.55 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.32 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 402.09 723.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 440.62 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 457.50 723.60 Td (restated ) Tj ET Q q 0 0 0 rg BT 491.03 723.60 Td (certificate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 711.60 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 184.20 711.60 Td (if ) Tj ET Q q 0 0 0 rg BT 192.81 711.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 216.42 711.60 Td (ceases ) Tj ET Q q 0 0 0 rg BT 244.46 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 254.74 711.60 Td (own ) Tj ET Q q 0 0 0 rg BT 274.46 711.60 Td (at ) Tj ET Q q 0 0 0 rg BT 284.18 711.60 Td (least ) Tj ET Q q 0 0 0 rg BT 305.00 711.60 Td (50% ) Tj ET Q q 0 0 0 rg BT 325.83 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 336.66 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.38 711.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 400.54 711.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 428.04 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.87 711.60 Td (our ) Tj ET Q q 0 0 0 rg BT 454.70 711.60 Td (common ) Tj ET Q q 0 0 0 rg BT 492.19 711.60 Td (stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 690.60 Td (These ) Tj ET Q q 0 0 0 rg BT 131.21 690.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 175.22 690.60 Td (may ) Tj ET Q q 0 0 0 rg BT 194.77 690.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 227.09 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.76 690.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 295.63 690.60 Td (from ) Tj ET Q q 0 0 0 rg BT 317.40 690.60 Td (receiving ) Tj ET Q q 0 0 0 rg BT 356.94 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 371.49 690.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 401.59 690.60 Td (from ) Tj ET Q q 0 0 0 rg BT 423.37 690.60 Td (any ) Tj ET Q q 0 0 0 rg BT 440.14 690.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 478.58 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 488.69 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.24 690.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.60 Td (price ) Tj ET Q q 0 0 0 rg BT 103.64 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.63 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 130.62 678.60 Td (common ) Tj ET Q q 0 0 0 rg BT 168.27 678.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 192.04 678.60 Td (of) Tj ET Q q 0 0 0 rg BT 200.19 678.60 Td (fered ) Tj ET Q q 0 0 0 rg BT 223.38 678.60 Td (by ) Tj ET Q q 0 0 0 rg BT 236.04 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 243.14 678.60 Td (bidder ) Tj ET Q q 0 0 0 rg BT 271.34 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 281.78 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 288.87 678.60 Td (takeover ) Tj ET Q q 0 0 0 rg BT 325.95 678.60 Td (context. ) Tj ET Q q 0 0 0 rg BT 360.55 678.60 Td (Even ) Tj ET Q q 0 0 0 rg BT 383.75 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 394.19 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 409.06 678.60 Td (absence ) Tj ET Q q 0 0 0 rg BT 443.36 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 454.35 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 461.45 678.60 Td (takeover ) Tj ET Q q 0 0 0 rg BT 498.53 678.60 Td (attempt, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.47 666.60 Td (existence ) Tj ET Q q 0 0 0 rg BT 136.93 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 148.52 666.60 Td (these ) Tj ET Q q 0 0 0 rg BT 172.32 666.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 217.25 666.60 Td (may ) Tj ET Q q 0 0 0 rg BT 237.72 666.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 279.29 666.60 Td (af) Tj ET Q q 0 0 0 rg BT 286.88 666.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 305.12 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 320.59 666.60 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 364.39 666.60 Td (market ) Tj ET Q q 0 0 0 rg BT 395.41 666.60 Td (price ) Tj ET Q q 0 0 0 rg BT 418.65 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.24 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 446.82 666.60 Td (common ) Tj ET Q q 0 0 0 rg BT 485.07 666.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 509.44 666.60 Td (if ) Tj ET Q q 0 0 0 rg BT 518.80 666.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 125.17 654.60 Td (are ) Tj ET Q q 0 0 0 rg BT 139.88 654.60 Td (viewed ) Tj ET Q q 0 0 0 rg BT 171.25 654.60 Td (as ) Tj ET Q q 0 0 0 rg BT 182.08 654.60 Td (discouraging ) Tj ET Q q 0 0 0 rg BT 236.24 654.60 Td (takeover ) Tj ET Q q 0 0 0 rg BT 273.16 654.60 Td (attempts ) Tj ET Q q 0 0 0 rg BT 309.54 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 319.82 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.54 654.60 Td (future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 633.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.58 633.60 Td (certificate ) Tj ET Q q 0 0 0 rg BT 164.58 633.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.93 633.60 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 230.83 633.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.30 633.60 Td (by-laws ) Tj ET Q q 0 0 0 rg BT 280.99 633.60 Td (may ) Tj ET Q q 0 0 0 rg BT 300.24 633.60 Td (also ) Tj ET Q q 0 0 0 rg BT 318.37 633.60 Td (make ) Tj ET Q q 0 0 0 rg BT 342.06 633.60 Td (it ) Tj ET Q q 0 0 0 rg BT 349.64 633.60 Td (dif) Tj ET Q q 0 0 0 rg BT 360.57 633.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 383.70 633.60 Td (for ) Tj ET Q q 0 0 0 rg BT 397.39 633.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 449.96 633.60 Td (to ) Tj ET Q q 0 0 0 rg BT 459.77 633.60 Td (replace ) Tj ET Q q 0 0 0 rg BT 490.66 633.60 Td (or ) Tj ET Q q 0 0 0 rg BT 501.02 633.60 Td (remove ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 621.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.11 621.60 Td (management. ) Tj ET Q q 0 0 0 rg BT 153.28 621.60 Td (These ) Tj ET Q q 0 0 0 rg BT 179.94 621.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 224.39 621.60 Td (may ) Tj ET Q q 0 0 0 rg BT 244.39 621.60 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 282.14 621.60 Td (management ) Tj ET Q q 0 0 0 rg BT 336.01 621.60 Td (entrenchment ) Tj ET Q q 0 0 0 rg BT 393.21 621.60 Td (that ) Tj ET Q q 0 0 0 rg BT 410.99 621.60 Td (may ) Tj ET Q q 0 0 0 rg BT 430.98 621.60 Td (delay) Tj ET Q q 0 0 0 rg BT 451.99 621.60 Td (, ) Tj ET Q q 0 0 0 rg BT 457.27 621.60 Td (deter) Tj ET Q q 0 0 0 rg BT 476.86 621.60 Td (, ) Tj ET Q q 0 0 0 rg BT 482.14 621.60 Td (render ) Tj ET Q q 0 0 0 rg BT 510.45 621.60 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 609.60 Td (dif) Tj ET Q q 0 0 0 rg BT 91.93 609.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 115.53 609.60 Td (or ) Tj ET Q q 0 0 0 rg BT 126.36 609.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 158.85 609.60 Td (a ) Tj ET Q q 0 0 0 rg BT 165.79 609.60 Td (change ) Tj ET Q q 0 0 0 rg BT 196.60 609.60 Td (in ) Tj ET Q q 0 0 0 rg BT 206.88 609.60 Td (our ) Tj ET Q q 0 0 0 rg BT 222.71 609.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 256.03 609.60 Td (which ) Tj ET Q q 0 0 0 rg BT 282.97 609.60 Td (may ) Tj ET Q q 0 0 0 rg BT 302.69 609.60 Td (not ) Tj ET Q q 0 0 0 rg BT 317.97 609.60 Td (be ) Tj ET Q q 0 0 0 rg BT 329.91 609.60 Td (in ) Tj ET Q q 0 0 0 rg BT 340.18 609.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.90 609.60 Td (best ) Tj ET Q q 0 0 0 rg BT 373.51 609.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 409.33 609.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.17 609.60 Td (our ) Tj ET Q q 0 0 0 rg BT 436.00 609.60 Td (shareholders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 588.60 Td (Many ) Tj ET Q q 0 0 0 rg BT 130.59 588.60 Td (states, ) Tj ET Q q 0 0 0 rg BT 157.56 588.60 Td (including ) Tj ET Q q 0 0 0 rg BT 197.59 588.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.07 588.60 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 263.77 588.60 Td (where ) Tj ET Q q 0 0 0 rg BT 290.45 588.60 Td (our ) Tj ET Q q 0 0 0 rg BT 306.04 588.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 343.84 588.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 384.41 588.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 433.89 588.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 452.41 588.60 Td ( ) Tj ET Q q 0 0 0 rg BT 454.66 588.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 495.79 588.60 Td (and ) Tj ET Q q 0 0 0 rg BT 512.48 588.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.01 588.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 576.60 Td (NY) Tj ET Q q 0 0 0 rg BT 95.07 576.60 Td ( ) Tj ET Q q 0 0 0 rg BT 97.43 576.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 138.66 576.60 Td (are ) Tj ET Q q 0 0 0 rg BT 153.23 576.60 Td (or) Tj ET Q q 0 0 0 rg BT 161.38 576.60 Td (ganized ) Tj ET Q q 0 0 0 rg BT 194.84 576.60 Td (\(Iowa ) Tj ET Q q 0 0 0 rg BT 220.52 576.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.32 576.60 Td (New ) Tj ET Q q 0 0 0 rg BT 258.22 576.60 Td (Y) Tj ET Q q 0 0 0 rg BT 264.44 576.60 Td (ork, ) Tj ET Q q 0 0 0 rg BT 282.63 576.60 Td (respectively\), ) Tj ET Q q 0 0 0 rg BT 339.13 576.60 Td (have ) Tj ET Q q 0 0 0 rg BT 360.37 576.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 401.05 576.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 421.74 576.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.54 576.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 485.34 576.60 Td (that ) Tj ET Q q 0 0 0 rg BT 502.69 576.60 Td (require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 564.60 Td (advance ) Tj ET Q q 0 0 0 rg BT 116.88 564.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 154.99 564.60 Td (by ) Tj ET Q q 0 0 0 rg BT 168.12 564.60 Td (state ) Tj ET Q q 0 0 0 rg BT 189.57 564.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 227.13 564.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.58 564.60 Td (any ) Tj ET Q q 0 0 0 rg BT 256.15 564.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 282.04 564.60 Td (or ) Tj ET Q q 0 0 0 rg BT 293.50 564.60 Td (indirect ) Tj ET Q q 0 0 0 rg BT 327.17 564.60 Td (change ) Tj ET Q q 0 0 0 rg BT 358.61 564.60 Td (in ) Tj ET Q q 0 0 0 rg BT 369.52 564.60 Td (control ) Tj ET Q q 0 0 0 rg BT 400.97 564.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.43 564.60 Td (an ) Tj ET Q q 0 0 0 rg BT 424.99 564.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 466.43 564.60 Td (company ) Tj ET Q q 0 0 0 rg BT 506.22 564.60 Td (that ) Tj ET Q q 0 0 0 rg BT 524.34 564.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 552.60 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 123.92 552.60 Td (in ) Tj ET Q q 0 0 0 rg BT 134.63 552.60 Td (or) Tj ET Q q 0 0 0 rg BT 142.56 552.60 Td (, ) Tj ET Q q 0 0 0 rg BT 147.98 552.60 Td (in ) Tj ET Q q 0 0 0 rg BT 158.69 552.60 Td (some ) Tj ET Q q 0 0 0 rg BT 182.73 552.60 Td (cases, ) Tj ET Q q 0 0 0 rg BT 209.26 552.60 Td (has ) Tj ET Q q 0 0 0 rg BT 225.51 552.60 Td (such ) Tj ET Q q 0 0 0 rg BT 246.77 552.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 292.48 552.60 Td (business ) Tj ET Q q 0 0 0 rg BT 329.30 552.60 Td (that ) Tj ET Q q 0 0 0 rg BT 347.22 552.60 Td (it ) Tj ET Q q 0 0 0 rg BT 355.71 552.60 Td (is ) Tj ET Q q 0 0 0 rg BT 365.30 552.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 399.33 552.60 Td (to ) Tj ET Q q 0 0 0 rg BT 410.03 552.60 Td (be ) Tj ET Q q 0 0 0 rg BT 422.40 552.60 Td (commercially ) Tj ET Q q 0 0 0 rg BT 480.30 552.60 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 523.22 552.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 540.60 Td (that ) Tj ET Q q 0 0 0 rg BT 99.11 540.60 Td (state. ) Tj ET Q q 0 0 0 rg BT 122.82 540.60 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 167.85 540.60 Td (any ) Tj ET Q q 0 0 0 rg BT 185.40 540.60 Td (person ) Tj ET Q q 0 0 0 rg BT 215.18 540.60 Td (seeking ) Tj ET Q q 0 0 0 rg BT 248.84 540.60 Td (to ) Tj ET Q q 0 0 0 rg BT 259.73 540.60 Td (acquire ) Tj ET Q q 0 0 0 rg BT 292.27 540.60 Td (a ) Tj ET Q q 0 0 0 rg BT 299.82 540.60 Td (controlling ) Tj ET Q q 0 0 0 rg BT 346.82 540.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 379.37 540.60 Td (in ) Tj ET Q q 0 0 0 rg BT 390.26 540.60 Td (us ) Tj ET Q q 0 0 0 rg BT 402.27 540.60 Td (would ) Tj ET Q q 0 0 0 rg BT 430.38 540.60 Td (face ) Tj ET Q q 0 0 0 rg BT 450.14 540.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 494.35 540.60 Td (obstacles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 528.60 Td (which ) Tj ET Q q 0 0 0 rg BT 107.94 528.60 Td (may ) Tj ET Q q 0 0 0 rg BT 127.66 528.60 Td (delay) Tj ET Q q 0 0 0 rg BT 148.66 528.60 Td (, ) Tj ET Q q 0 0 0 rg BT 153.66 528.60 Td (deter ) Tj ET Q q 0 0 0 rg BT 176.15 528.60 Td (or ) Tj ET Q q 0 0 0 rg BT 186.98 528.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 219.46 528.60 Td (an ) Tj ET Q q 0 0 0 rg BT 231.40 528.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 277.78 528.60 Td (that ) Tj ET Q q 0 0 0 rg BT 295.28 528.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 348.31 528.60 Td (might ) Tj ET Q q 0 0 0 rg BT 374.15 528.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 410.53 528.60 Td (in ) Tj ET Q q 0 0 0 rg BT 420.80 528.60 Td (their ) Tj ET Q q 0 0 0 rg BT 441.63 528.60 Td (best ) Tj ET Q q 0 0 0 rg BT 460.24 528.60 Td (interests. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 503.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.15 503.10 Td (e ) Tj ET Q q 0 0 0 rg BT 96.10 503.10 Td (are ) Tj ET Q q 0 0 0 rg BT 111.93 503.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.44 503.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 168.61 503.10 Td (company ) Tj ET Q q 0 0 0 rg BT 213.34 503.10 Td (within ) Tj ET Q q 0 0 0 rg BT 241.97 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.26 503.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 295.88 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.72 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.01 503.10 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 350.07 503.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 378.15 503.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 420.67 503.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 441.24 503.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.64 503.10 Td (a ) Tj ET Q q 0 0 0 rg BT 460.15 503.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 488.49 503.10 Td (we ) Tj ET Q q 0 0 0 rg BT 502.11 503.10 Td (qualify ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 491.10 Td (for) Tj ET Q q 0 0 0 rg BT 92.67 491.10 Td (, ) Tj ET Q q 0 0 0 rg BT 98.09 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.56 491.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 135.03 491.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 151.01 491.10 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 200.59 491.10 Td (from ) Tj ET Q q 0 0 0 rg BT 223.50 491.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 255.31 491.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 297.66 491.10 Td (governance ) Tj ET Q q 0 0 0 rg BT 348.35 491.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 408.21 491.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 427.80 491.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 482.39 491.10 Td (do ) Tj ET Q q 0 0 0 rg BT 495.31 491.10 Td (not ) Tj ET Q q 0 0 0 rg BT 511.56 491.10 Td (have ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.28 479.10 Td (same ) Tj ET Q q 0 0 0 rg BT 119.89 479.10 Td (protections ) Tj ET Q q 0 0 0 rg BT 167.94 479.10 Td (af) Tj ET Q q 0 0 0 rg BT 176.09 479.10 Td (forded ) Tj ET Q q 0 0 0 rg BT 205.25 479.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.53 479.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 271.38 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.21 479.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 328.59 479.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.21 479.10 Td (are ) Tj ET Q q 0 0 0 rg BT 363.04 479.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 394.43 479.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.71 479.10 Td (such ) Tj ET Q q 0 0 0 rg BT 426.66 479.10 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.61 479.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 462.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 129.82 462.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 164.07 462.60 Td (or ) Tj ET Q q 0 0 0 rg BT 176.11 462.60 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 218.14 462.60 Td (holds ) Tj ET Q q 0 0 0 rg BT 243.52 462.60 Td (more ) Tj ET Q q 0 0 0 rg BT 267.77 462.60 Td (than ) Tj ET Q q 0 0 0 rg BT 288.70 462.60 Td (50% ) Tj ET Q q 0 0 0 rg BT 310.74 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.78 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 339.81 462.60 Td (common ) Tj ET Q q 0 0 0 rg BT 378.52 462.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 405.83 462.60 Td (so ) Tj ET Q q 0 0 0 rg BT 418.44 462.60 Td (we ) Tj ET Q q 0 0 0 rg BT 433.80 462.60 Td (qualify ) Tj ET Q q 0 0 0 rg BT 465.84 462.60 Td (as ) Tj ET Q q 0 0 0 rg BT 477.88 462.60 Td (a ) Tj ET Q q 0 0 0 rg BT 486.02 462.60 Td (controlled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 450.60 Td (company ) Tj ET Q q 0 0 0 rg BT 124.33 450.60 Td (within ) Tj ET Q q 0 0 0 rg BT 152.11 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 166.56 450.60 Td (meaning ) Tj ET Q q 0 0 0 rg BT 203.23 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.79 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 228.24 450.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 268.22 450.60 Td (governance ) Tj ET Q q 0 0 0 rg BT 316.54 450.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 338.21 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.77 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.22 450.60 Td (NYSE. ) Tj ET Q q 0 0 0 rg BT 394.06 450.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 421.28 450.60 Td (these ) Tj ET Q q 0 0 0 rg BT 444.06 450.60 Td (rules, ) Tj ET Q q 0 0 0 rg BT 468.23 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 474.90 450.60 Td (company ) Tj ET Q q 0 0 0 rg BT 513.79 450.60 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 438.60 Td (elect ) Tj ET Q q 0 0 0 rg BT 102.37 438.60 Td (not ) Tj ET Q q 0 0 0 rg BT 117.65 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 127.93 438.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 160.42 438.60 Td (with ) Tj ET Q q 0 0 0 rg BT 180.70 438.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 210.40 438.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 250.66 438.60 Td (governance ) Tj ET Q q 0 0 0 rg BT 299.24 438.60 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 356.44 438.60 Td (including: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 422.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 422.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 182.53 422.10 Td (that ) Tj ET Q q 0 0 0 rg BT 200.02 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.96 422.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 243.34 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.17 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.89 422.10 Td (board ) Tj ET Q q 0 0 0 rg BT 294.16 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.99 422.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 342.47 422.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 372.75 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.58 422.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 434.95 422.10 Td (directors; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 405.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 405.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.98 405.60 Td (requirement ) Tj ET Q q 0 0 0 rg BT 181.06 405.60 Td (that ) Tj ET Q q 0 0 0 rg BT 197.82 405.60 Td (we ) Tj ET Q q 0 0 0 rg BT 211.24 405.60 Td (have ) Tj ET Q q 0 0 0 rg BT 231.89 405.60 Td (a ) Tj ET Q q 0 0 0 rg BT 238.09 405.60 Td (nominating ) Tj ET Q q 0 0 0 rg BT 285.41 405.60 Td (and ) Tj ET Q q 0 0 0 rg BT 301.61 405.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 341.13 405.60 Td (governance ) Tj ET Q q 0 0 0 rg BT 388.98 405.60 Td (committee ) Tj ET Q q 0 0 0 rg BT 432.95 405.60 Td (that ) Tj ET Q q 0 0 0 rg BT 449.71 405.60 Td (is ) Tj ET Q q 0 0 0 rg BT 458.15 405.60 Td (composed ) Tj ET Q q 0 0 0 rg BT 500.46 405.60 Td (entirely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 393.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 393.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 179.20 393.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 216.69 393.60 Td (with ) Tj ET Q q 0 0 0 rg BT 236.97 393.60 Td (a ) Tj ET Q q 0 0 0 rg BT 243.90 393.60 Td (written ) Tj ET Q q 0 0 0 rg BT 274.73 393.60 Td (charter ) Tj ET Q q 0 0 0 rg BT 304.98 393.60 Td (addressing ) Tj ET Q q 0 0 0 rg BT 350.25 393.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.97 393.60 Td (committee) Tj ET Q q 0 0 0 rg BT 409.95 393.60 Td (s ) Tj ET Q q 0 0 0 rg BT 416.35 393.60 Td (purpose ) Tj ET Q q 0 0 0 rg BT 450.51 393.60 Td (and ) Tj ET Q q 0 0 0 rg BT 467.44 393.60 Td (responsibilities; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 377.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.70 377.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 180.50 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 196.98 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 210.13 377.10 Td (have ) Tj ET Q q 0 0 0 rg BT 230.49 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.42 377.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 293.45 377.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 337.14 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 353.62 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 361.78 377.10 Td (composed ) Tj ET Q q 0 0 0 rg BT 403.81 377.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 435.84 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.66 377.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 496.02 377.10 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 365.10 Td (with ) Tj ET Q q 0 0 0 rg BT 137.28 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.22 365.10 Td (written ) Tj ET Q q 0 0 0 rg BT 175.04 365.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 205.30 365.10 Td (addressing ) Tj ET Q q 0 0 0 rg BT 250.56 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.28 365.10 Td (committee) Tj ET Q q 0 0 0 rg BT 310.27 365.10 Td (s ) Tj ET Q q 0 0 0 rg BT 316.66 365.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 350.82 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.76 365.10 Td (responsibilities; ) Tj ET Q q 0 0 0 rg BT 433.59 365.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 348.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 348.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.89 348.60 Td (requirement ) Tj ET Q q 0 0 0 rg BT 182.87 348.60 Td (for ) Tj ET Q q 0 0 0 rg BT 197.20 348.60 Td (an ) Tj ET Q q 0 0 0 rg BT 209.32 348.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 238.64 348.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 291.84 348.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 336.16 348.60 Td (of ) Tj ET Q q 0 0 0 rg BT 347.16 348.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.05 348.60 Td (nominating ) Tj ET Q q 0 0 0 rg BT 410.28 348.60 Td (and ) Tj ET Q q 0 0 0 rg BT 427.39 348.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 467.81 348.60 Td (governance ) Tj ET Q q 0 0 0 rg BT 516.57 348.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 336.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 175.04 336.60 Td (committees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 315.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 315.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.15 315.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 147.21 315.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 176.48 315.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.89 315.60 Td (these ) Tj ET Q q 0 0 0 rg BT 209.50 315.60 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 257.68 315.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.19 315.60 Td (intend ) Tj ET Q q 0 0 0 rg BT 301.26 315.60 Td (to ) Tj ET Q q 0 0 0 rg BT 311.11 315.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 347.61 315.60 Td (to ) Tj ET Q q 0 0 0 rg BT 357.46 315.60 Td (do ) Tj ET Q q 0 0 0 rg BT 369.53 315.60 Td (so. ) Tj ET Q q 0 0 0 rg BT 382.54 315.60 Td (As ) Tj ET Q q 0 0 0 rg BT 395.73 315.60 Td (a ) Tj ET Q q 0 0 0 rg BT 402.24 315.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 429.02 315.60 Td (we ) Tj ET Q q 0 0 0 rg BT 442.76 315.60 Td (do ) Tj ET Q q 0 0 0 rg BT 454.83 315.60 Td (not ) Tj ET Q q 0 0 0 rg BT 469.68 315.60 Td (have ) Tj ET Q q 0 0 0 rg BT 490.63 315.60 Td (a ) Tj ET Q q 0 0 0 rg BT 497.14 315.60 Td (majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 303.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.77 303.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 143.09 303.60 Td (directors, ) Tj ET Q q 0 0 0 rg BT 183.02 303.60 Td (and ) Tj ET Q q 0 0 0 rg BT 199.90 303.60 Td (our ) Tj ET Q q 0 0 0 rg BT 215.68 303.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 273.66 303.60 Td (committee ) Tj ET Q q 0 0 0 rg BT 318.31 303.60 Td (and ) Tj ET Q q 0 0 0 rg BT 335.19 303.60 Td (nominating ) Tj ET Q q 0 0 0 rg BT 383.19 303.60 Td (and ) Tj ET Q q 0 0 0 rg BT 400.07 303.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 440.27 303.60 Td (governance ) Tj ET Q q 0 0 0 rg BT 488.80 303.60 Td (committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 291.60 Td (do ) Tj ET Q q 0 0 0 rg BT 93.22 291.60 Td (not ) Tj ET Q q 0 0 0 rg BT 108.22 291.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 138.22 291.60 Td (entirely ) Tj ET Q q 0 0 0 rg BT 170.99 291.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.54 291.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 232.63 291.60 Td (directors, ) Tj ET Q q 0 0 0 rg BT 272.34 291.60 Td (however) Tj ET Q q 0 0 0 rg BT 306.37 291.60 Td (, ) Tj ET Q q 0 0 0 rg BT 311.09 291.60 Td (such ) Tj ET Q q 0 0 0 rg BT 331.64 291.60 Td (board ) Tj ET Q q 0 0 0 rg BT 356.63 291.60 Td (committees ) Tj ET Q q 0 0 0 rg BT 404.95 291.60 Td (do ) Tj ET Q q 0 0 0 rg BT 417.17 291.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 451.60 291.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 480.48 291.60 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 279.60 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 129.04 279.60 Td (even ) Tj ET Q q 0 0 0 rg BT 150.42 279.60 Td (though ) Tj ET Q q 0 0 0 rg BT 180.70 279.60 Td (they ) Tj ET Q q 0 0 0 rg BT 200.41 279.60 Td (are ) Tj ET Q q 0 0 0 rg BT 215.12 279.60 Td (not ) Tj ET Q q 0 0 0 rg BT 230.40 279.60 Td (required ) Tj ET Q q 0 0 0 rg BT 266.21 279.60 Td (to ) Tj ET Q q 0 0 0 rg BT 276.49 279.60 Td (do ) Tj ET Q q 0 0 0 rg BT 288.99 279.60 Td (so ) Tj ET Q q 0 0 0 rg BT 300.38 279.60 Td (by ) Tj ET Q q 0 0 0 rg BT 312.88 279.60 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 341.50 279.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 369.00 279.60 Td (standards. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 254.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 100.84 254.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 145.09 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.58 254.10 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 216.42 254.10 Td (designates ) Tj ET Q q 0 0 0 rg BT 262.36 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.30 254.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 305.36 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.85 254.10 Td (Chancery ) Tj ET Q q 0 0 0 rg BT 360.02 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.51 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.45 254.10 Td (State ) Tj ET Q q 0 0 0 rg BT 411.17 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.66 254.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 465.26 254.10 Td (as ) Tj ET Q q 0 0 0 rg BT 477.31 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.25 254.10 Td (exclusive ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 242.10 Td (forum ) Tj ET Q q 0 0 0 rg BT 108.25 242.10 Td (for ) Tj ET Q q 0 0 0 rg BT 122.17 242.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 152.75 242.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 191.67 242.10 Td (that ) Tj ET Q q 0 0 0 rg BT 209.49 242.10 Td (may ) Tj ET Q q 0 0 0 rg BT 228.40 242.10 Td (be ) Tj ET Q q 0 0 0 rg BT 239.53 242.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 275.11 242.10 Td (by ) Tj ET Q q 0 0 0 rg BT 286.25 242.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.39 242.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 359.93 242.10 Td (which ) Tj ET Q q 0 0 0 rg BT 386.63 242.10 Td (could ) Tj ET Q q 0 0 0 rg BT 411.10 242.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 431.69 242.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.84 242.10 Td (shareholders) Tj ET Q q 0 0 0 rg BT 503.77 242.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.46 242.10 Td (ability ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 230.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 119.90 230.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.40 230.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 168.77 230.10 Td (judicial ) Tj ET Q q 0 0 0 rg BT 202.39 230.10 Td (forum ) Tj ET Q q 0 0 0 rg BT 230.45 230.10 Td (for ) Tj ET Q q 0 0 0 rg BT 245.17 230.10 Td (disputes ) Tj ET Q q 0 0 0 rg BT 281.01 230.10 Td (with ) Tj ET Q q 0 0 0 rg BT 301.30 230.10 Td (us. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 213.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.59 213.60 Td (certificate ) Tj ET Q q 0 0 0 rg BT 164.60 213.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.97 213.60 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 230.88 213.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 267.36 213.60 Td (that ) Tj ET Q q 0 0 0 rg BT 284.39 213.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.65 213.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 323.47 213.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.84 213.60 Td (Chancery ) Tj ET Q q 0 0 0 rg BT 374.19 213.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.56 213.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.82 213.60 Td (State ) Tj ET Q q 0 0 0 rg BT 420.86 213.60 Td (of ) Tj ET Q q 0 0 0 rg BT 431.23 213.60 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 471.57 213.60 Td (will ) Tj ET Q q 0 0 0 rg BT 489.17 213.60 Td (be ) Tj ET Q q 0 0 0 rg BT 500.65 213.60 Td (the ) Tj ET Q q 0 0 0 rg BT 514.90 213.60 Td (sole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 201.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.10 201.60 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 138.53 201.60 Td (forum ) Tj ET Q q 0 0 0 rg BT 165.64 201.60 Td (for ) Tj ET Q q 0 0 0 rg BT 179.96 201.60 Td (\(i\)any ) Tj ET Q q 0 0 0 rg BT 209.01 201.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 251.65 201.60 Td (action ) Tj ET Q q 0 0 0 rg BT 278.75 201.60 Td (or ) Tj ET Q q 0 0 0 rg BT 289.75 201.60 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 336.84 201.60 Td (brought ) Tj ET Q q 0 0 0 rg BT 370.61 201.60 Td (on ) Tj ET Q q 0 0 0 rg BT 383.28 201.60 Td (our ) Tj ET Q q 0 0 0 rg BT 399.28 201.60 Td (behalf, ) Tj ET Q q 0 0 0 rg BT 429.43 201.60 Td (\(ii\)any ) Tj ET Q q 0 0 0 rg BT 461.25 201.60 Td (action ) Tj ET Q q 0 0 0 rg BT 488.35 201.60 Td (asserting ) Tj ET Q q 0 0 0 rg BT 526.56 201.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 189.60 Td (claim ) Tj ET Q q 0 0 0 rg BT 105.62 189.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.35 189.60 Td (breach ) Tj ET Q q 0 0 0 rg BT 145.41 189.60 Td (of ) Tj ET Q q 0 0 0 rg BT 156.14 189.60 Td (a ) Tj ET Q q 0 0 0 rg BT 162.99 189.60 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 201.49 189.60 Td (duty ) Tj ET Q q 0 0 0 rg BT 221.67 189.60 Td (owed ) Tj ET Q q 0 0 0 rg BT 245.74 189.60 Td (to ) Tj ET Q q 0 0 0 rg BT 255.92 189.60 Td (us ) Tj ET Q q 0 0 0 rg BT 267.22 189.60 Td (or ) Tj ET Q q 0 0 0 rg BT 277.96 189.60 Td (our ) Tj ET Q q 0 0 0 rg BT 293.69 189.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 346.64 189.60 Td (by ) Tj ET Q q 0 0 0 rg BT 359.04 189.60 Td (any ) Tj ET Q q 0 0 0 rg BT 375.89 189.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.62 189.60 Td (our ) Tj ET Q q 0 0 0 rg BT 402.36 189.60 Td (directors, ) Tj ET Q q 0 0 0 rg BT 442.25 189.60 Td (of) Tj ET Q q 0 0 0 rg BT 450.40 189.60 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 477.51 189.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 522.68 189.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 177.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 112.42 177.60 Td (\(iii\)any ) Tj ET Q q 0 0 0 rg BT 147.73 177.60 Td (action ) Tj ET Q q 0 0 0 rg BT 175.54 177.60 Td (asserting ) Tj ET Q q 0 0 0 rg BT 214.46 177.60 Td (a ) Tj ET Q q 0 0 0 rg BT 222.27 177.60 Td (claim ) Tj ET Q q 0 0 0 rg BT 247.86 177.60 Td (against ) Tj ET Q q 0 0 0 rg BT 279.55 177.60 Td (us ) Tj ET Q q 0 0 0 rg BT 291.82 177.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 322.41 177.60 Td (under ) Tj ET Q q 0 0 0 rg BT 348.55 177.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.14 177.60 Td (General ) Tj ET Q q 0 0 0 rg BT 399.16 177.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 450.86 177.60 Td (Law ) Tj ET Q q 0 0 0 rg BT 472.01 177.60 Td (of ) Tj ET Q q 0 0 0 rg BT 483.71 177.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.30 177.60 Td (State ) Tj ET Q q 0 0 0 rg BT 522.67 177.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 165.60 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 121.26 165.60 Td (\(DGCL\) ) Tj ET Q q 0 0 0 rg BT 165.96 165.60 Td (or ) Tj ET Q q 0 0 0 rg BT 176.24 165.60 Td (\(iv\)any ) Tj ET Q q 0 0 0 rg BT 209.57 165.60 Td (action ) Tj ET Q q 0 0 0 rg BT 235.95 165.60 Td (asserting ) Tj ET Q q 0 0 0 rg BT 273.45 165.60 Td (a ) Tj ET Q q 0 0 0 rg BT 279.84 165.60 Td (claim ) Tj ET Q q 0 0 0 rg BT 304.00 165.60 Td (against ) Tj ET Q q 0 0 0 rg BT 334.27 165.60 Td (us ) Tj ET Q q 0 0 0 rg BT 345.12 165.60 Td (that ) Tj ET Q q 0 0 0 rg BT 362.06 165.60 Td (is ) Tj ET Q q 0 0 0 rg BT 370.68 165.60 Td (governed ) Tj ET Q q 0 0 0 rg BT 409.84 165.60 Td (by ) Tj ET Q q 0 0 0 rg BT 421.79 165.60 Td (the ) Tj ET Q q 0 0 0 rg BT 435.95 165.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 468.45 165.60 Td (af) Tj ET Q q 0 0 0 rg BT 476.03 165.60 Td (fairs ) Tj ET Q q 0 0 0 rg BT 495.75 165.60 Td (doctrine. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 153.60 Td (By ) Tj ET Q q 0 0 0 rg BT 95.36 153.60 Td (becoming ) Tj ET Q q 0 0 0 rg BT 137.48 153.60 Td (a ) Tj ET Q q 0 0 0 rg BT 144.60 153.60 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 193.94 153.60 Td (in ) Tj ET Q q 0 0 0 rg BT 204.40 153.60 Td (our ) Tj ET Q q 0 0 0 rg BT 220.42 153.60 Td (company) Tj ET Q q 0 0 0 rg BT 256.42 153.60 Td (, ) Tj ET Q q 0 0 0 rg BT 261.61 153.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 293.74 153.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.75 153.60 Td (our ) Tj ET Q q 0 0 0 rg BT 320.77 153.60 Td (common ) Tj ET Q q 0 0 0 rg BT 358.45 153.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 382.25 153.60 Td (will ) Tj ET Q q 0 0 0 rg BT 400.49 153.60 Td (be ) Tj ET Q q 0 0 0 rg BT 412.62 153.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 446.40 153.60 Td (to ) Tj ET Q q 0 0 0 rg BT 456.86 153.60 Td (have ) Tj ET Q q 0 0 0 rg BT 478.43 153.60 Td (notice ) Tj ET Q q 0 0 0 rg BT 505.55 153.60 Td (of ) Tj ET Q q 0 0 0 rg BT 516.56 153.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 141.60 Td (have ) Tj ET Q q 0 0 0 rg BT 101.51 141.60 Td (consented ) Tj ET Q q 0 0 0 rg BT 143.12 141.60 Td (to ) Tj ET Q q 0 0 0 rg BT 152.53 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 166.37 141.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 209.67 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.63 141.60 Td (our ) Tj ET Q q 0 0 0 rg BT 234.59 141.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 272.31 141.60 Td (and ) Tj ET Q q 0 0 0 rg BT 288.38 141.60 Td (restated ) Tj ET Q q 0 0 0 rg BT 321.10 141.60 Td (certificate ) Tj ET Q q 0 0 0 rg BT 362.69 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 372.65 141.60 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 428.15 141.60 Td (related ) Tj ET Q q 0 0 0 rg BT 456.98 141.60 Td (to ) Tj ET Q q 0 0 0 rg BT 466.39 141.60 Td (choice ) Tj ET Q q 0 0 0 rg BT 494.11 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.07 141.60 Td (forum. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 129.60 Td (The ) Tj ET Q q 0 0 0 rg BT 98.44 129.60 Td (choice ) Tj ET Q q 0 0 0 rg BT 126.43 129.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.66 129.60 Td (forum ) Tj ET Q q 0 0 0 rg BT 163.00 129.60 Td (provision ) Tj ET Q q 0 0 0 rg BT 202.67 129.60 Td (in ) Tj ET Q q 0 0 0 rg BT 212.35 129.60 Td (our ) Tj ET Q q 0 0 0 rg BT 227.57 129.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 265.57 129.60 Td (and ) Tj ET Q q 0 0 0 rg BT 281.90 129.60 Td (restated ) Tj ET Q q 0 0 0 rg BT 314.89 129.60 Td (certificate ) Tj ET Q q 0 0 0 rg BT 356.75 129.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.98 129.60 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 422.75 129.60 Td (may ) Tj ET Q q 0 0 0 rg BT 441.86 129.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 462.65 129.60 Td (our ) Tj ET Q q 0 0 0 rg BT 477.88 129.60 Td (shareholders) Tj ET Q q 0 0 0 rg BT 531.00 129.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 117.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 109.05 117.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.33 117.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 146.83 117.60 Td (a ) Tj ET Q q 0 0 0 rg BT 153.76 117.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 194.02 117.60 Td (judicial ) Tj ET Q q 0 0 0 rg BT 226.51 117.60 Td (forum ) Tj ET Q q 0 0 0 rg BT 253.45 117.60 Td (for ) Tj ET Q q 0 0 0 rg BT 267.61 117.60 Td (disputes ) Tj ET Q q 0 0 0 rg BT 302.88 117.60 Td (with ) Tj ET Q q 0 0 0 rg BT 323.16 117.60 Td (us. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 102.90 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 90.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 100.17 90.90 Td (Principal ) Tj ET Q q 0 0 0 rg BT 141.01 90.90 Td (Shareholder) Tj ET Q q 0 0 0 rg BT 192.50 90.90 Td () Tj ET Q q 0 0 0 rg BT 195.09 90.90 Td (s ) Tj ET Q q 0 0 0 rg BT 201.48 90.90 Td (interests ) Tj ET Q q 0 0 0 rg BT 238.43 90.90 Td (may ) Tj ET Q q 0 0 0 rg BT 258.15 90.90 Td (conflict ) Tj ET Q q 0 0 0 rg BT 291.75 90.90 Td (with ) Tj ET Q q 0 0 0 rg BT 312.04 90.90 Td (yours.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 74.40 Td (HRG ) Tj ET Q q 0 0 0 rg BT 128.10 74.40 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 177.28 74.40 Td (owns ) Tj ET Q q 0 0 0 rg BT 200.38 74.40 Td (\(directly ) Tj ET Q q 0 0 0 rg BT 236.24 74.40 Td (or ) Tj ET Q q 0 0 0 rg BT 246.55 74.40 Td (indirectly\) ) Tj ET Q q 0 0 0 rg BT 290.19 74.40 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.93 74.40 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.26 74.40 Td ( ) Tj ET Q q 0 0 0 rg BT 370.24 74.40 Td (of ) Tj ET Q q 0 0 0 rg BT 380.56 74.40 Td (the ) Tj ET Q q 0 0 0 rg BT 394.76 74.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 443.41 74.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 470.39 74.40 Td (of ) Tj ET Q q 0 0 0 rg BT 480.70 74.40 Td (our ) Tj ET Q q 0 0 0 rg BT 496.02 74.40 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 62.40 Td (stock. ) Tj ET Q q 0 0 0 rg BT 107.09 62.40 Td (As ) Tj ET Q q 0 0 0 rg BT 121.39 62.40 Td (a ) Tj ET Q q 0 0 0 rg BT 129.02 62.40 Td (result, ) Tj ET Q q 0 0 0 rg BT 156.92 62.40 Td (HRG ) Tj ET Q q 0 0 0 rg BT 181.22 62.40 Td (is ) Tj ET Q q 0 0 0 rg BT 191.07 62.40 Td (in ) Tj ET Q q 0 0 0 rg BT 202.04 62.40 Td (a ) Tj ET Q q 0 0 0 rg BT 209.66 62.40 Td (position ) Tj ET Q q 0 0 0 rg BT 245.07 62.40 Td (to ) Tj ET Q q 0 0 0 rg BT 256.04 62.40 Td (exercise ) Tj ET Q q 0 0 0 rg BT 291.98 62.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 337.38 62.40 Td (influence ) Tj ET Q q 0 0 0 rg BT 377.77 62.40 Td (over ) Tj ET Q q 0 0 0 rg BT 398.72 62.40 Td (all ) Tj ET Q q 0 0 0 rg BT 411.90 62.40 Td (matters ) Tj ET Q q 0 0 0 rg BT 444.52 62.40 Td (requiring ) Tj ET Q q 0 0 0 rg BT 484.36 62.40 Td (shareholder ) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 117.62 735.60 Td (for ) Tj ET Q q 0 0 0 rg BT 130.91 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.75 735.60 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 191.91 735.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 219.92 735.60 Td (including ) Tj ET Q q 0 0 0 rg BT 259.32 735.60 Td (decisions ) Tj ET Q q 0 0 0 rg BT 298.17 735.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 338.11 735.60 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 393.61 735.60 Td (business ) Tj ET Q q 0 0 0 rg BT 429.13 735.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 481.02 735.60 Td (fundamental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 121.38 723.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 174.28 723.60 Td (appointment ) Tj ET Q q 0 0 0 rg BT 226.90 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 237.86 723.60 Td (members ) Tj ET Q q 0 0 0 rg BT 277.15 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 288.11 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 304.07 723.60 Td (management, ) Tj ET Q q 0 0 0 rg BT 360.29 723.60 Td (election ) Tj ET Q q 0 0 0 rg BT 394.57 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 405.53 723.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 443.15 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 460.22 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 476.18 723.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 516.56 723.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (management ) Tj ET Q q 0 0 0 rg BT 134.59 711.60 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 690.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.44 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.76 690.60 Td (event ) Tj ET Q q 0 0 0 rg BT 153.52 690.60 Td (that ) Tj ET Q q 0 0 0 rg BT 170.63 690.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 193.85 690.60 Td (reduces ) Tj ET Q q 0 0 0 rg BT 226.49 690.60 Td (its ) Tj ET Q q 0 0 0 rg BT 238.04 690.60 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 279.57 690.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 323.34 690.60 Td (below ) Tj ET Q q 0 0 0 rg BT 349.88 690.60 Td (50% ) Tj ET Q q 0 0 0 rg BT 370.32 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.76 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 396.19 690.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 444.97 690.60 Td (common ) Tj ET Q q 0 0 0 rg BT 482.07 690.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 507.78 690.60 Td (it ) Tj ET Q q 0 0 0 rg BT 515.45 690.60 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 106.58 678.60 Td (still ) Tj ET Q q 0 0 0 rg BT 124.38 678.60 Td (be ) Tj ET Q q 0 0 0 rg BT 136.63 678.60 Td (able ) Tj ET Q q 0 0 0 rg BT 156.08 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 166.66 678.60 Td (assert ) Tj ET Q q 0 0 0 rg BT 192.24 678.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 237.25 678.60 Td (influence ) Tj ET Q q 0 0 0 rg BT 277.25 678.60 Td (over ) Tj ET Q q 0 0 0 rg BT 297.83 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 313.96 678.60 Td (board ) Tj ET Q q 0 0 0 rg BT 339.53 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 350.66 678.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 388.45 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.69 678.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 435.70 678.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 476.25 678.60 Td (actions. ) Tj ET Q q 0 0 0 rg BT 509.88 678.60 Td (HRG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 666.60 Td (has ) Tj ET Q q 0 0 0 rg BT 96.64 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.16 666.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 139.02 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.11 666.60 Td (designate ) Tj ET Q q 0 0 0 rg BT 189.18 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 203.14 666.60 Td (nomination ) Tj ET Q q 0 0 0 rg BT 251.00 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 264.97 666.60 Td (election ) Tj ET Q q 0 0 0 rg BT 298.93 666.60 Td (at ) Tj ET Q q 0 0 0 rg BT 308.45 666.60 Td (least ) Tj ET Q q 0 0 0 rg BT 329.08 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 335.83 666.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 372.02 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.66 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 398.29 666.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 435.58 666.60 Td (as ) Tj ET Q q 0 0 0 rg BT 446.22 666.60 Td (long ) Tj ET Q q 0 0 0 rg BT 466.31 666.60 Td (as ) Tj ET Q q 0 0 0 rg BT 476.94 666.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 500.37 666.60 Td (owns ) Tj ET Q q 0 0 0 rg BT 523.79 666.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.60 Td (least ) Tj ET Q q 0 0 0 rg BT 101.83 654.60 Td (50% ) Tj ET Q q 0 0 0 rg BT 122.66 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.49 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 149.32 654.60 Td (common ) Tj ET Q q 0 0 0 rg BT 186.81 654.60 Td (stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 633.60 Td (HRG) Tj ET Q q 0 0 0 rg BT 128.89 633.60 Td (s ) Tj ET Q q 0 0 0 rg BT 134.67 633.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 169.88 633.60 Td (may ) Tj ET Q q 0 0 0 rg BT 188.98 633.60 Td (dif) Tj ET Q q 0 0 0 rg BT 199.90 633.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 212.89 633.60 Td (from ) Tj ET Q q 0 0 0 rg BT 234.21 633.60 Td (your ) Tj ET Q q 0 0 0 rg BT 254.42 633.60 Td (interests, ) Tj ET Q q 0 0 0 rg BT 292.13 633.60 Td (and ) Tj ET Q q 0 0 0 rg BT 308.45 633.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 337.54 633.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 367.75 633.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 390.75 633.60 Td (takes ) Tj ET Q q 0 0 0 rg BT 413.18 633.60 Td (as ) Tj ET Q q 0 0 0 rg BT 423.39 633.60 Td (our ) Tj ET Q q 0 0 0 rg BT 438.60 633.60 Td (controlling ) Tj ET Q q 0 0 0 rg BT 484.37 633.60 Td (shareholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 621.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.75 621.60 Td (as ) Tj ET Q q 0 0 0 rg BT 102.49 621.60 Td (a ) Tj ET Q q 0 0 0 rg BT 109.35 621.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 153.97 621.60 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 203.04 621.60 Td (may ) Tj ET Q q 0 0 0 rg BT 222.67 621.60 Td (not ) Tj ET Q q 0 0 0 rg BT 237.86 621.60 Td (be ) Tj ET Q q 0 0 0 rg BT 249.72 621.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 289.89 621.60 Td (to ) Tj ET Q q 0 0 0 rg BT 300.08 621.60 Td (you. ) Tj ET Q q 0 0 0 rg BT 320.00 621.60 Td (For ) Tj ET Q q 0 0 0 rg BT 336.31 621.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 375.09 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 389.73 621.60 Td (concentration ) Tj ET Q q 0 0 0 rg BT 446.56 621.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.31 621.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 501.38 621.60 Td (held ) Tj ET Q q 0 0 0 rg BT 521.02 621.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 609.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 105.69 609.60 Td (could ) Tj ET Q q 0 0 0 rg BT 131.49 609.60 Td (delay) Tj ET Q q 0 0 0 rg BT 152.50 609.60 Td (, ) Tj ET Q q 0 0 0 rg BT 158.58 609.60 Td (defer ) Tj ET Q q 0 0 0 rg BT 182.70 609.60 Td (or ) Tj ET Q q 0 0 0 rg BT 194.61 609.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 228.18 609.60 Td (a ) Tj ET Q q 0 0 0 rg BT 236.20 609.60 Td (change ) Tj ET Q q 0 0 0 rg BT 268.09 609.60 Td (of ) Tj ET Q q 0 0 0 rg BT 280.01 609.60 Td (control ) Tj ET Q q 0 0 0 rg BT 311.91 609.60 Td (of ) Tj ET Q q 0 0 0 rg BT 323.82 609.60 Td (us ) Tj ET Q q 0 0 0 rg BT 336.30 609.60 Td (or ) Tj ET Q q 0 0 0 rg BT 348.21 609.60 Td (impede ) Tj ET Q q 0 0 0 rg BT 381.22 609.60 Td (a ) Tj ET Q q 0 0 0 rg BT 389.24 609.60 Td (mer) Tj ET Q q 0 0 0 rg BT 404.61 609.60 Td (ger) Tj ET Q q 0 0 0 rg BT 416.98 609.60 Td (, ) Tj ET Q q 0 0 0 rg BT 423.06 609.60 Td (takeover ) Tj ET Q q 0 0 0 rg BT 461.07 609.60 Td (or ) Tj ET Q q 0 0 0 rg BT 472.98 609.60 Td (other ) Tj ET Q q 0 0 0 rg BT 497.11 609.60 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 597.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 133.74 597.60 Td (which ) Tj ET Q q 0 0 0 rg BT 160.94 597.60 Td (another ) Tj ET Q q 0 0 0 rg BT 193.68 597.60 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 243.08 597.60 Td (may ) Tj ET Q q 0 0 0 rg BT 263.05 597.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 304.68 597.60 Td (view ) Tj ET Q q 0 0 0 rg BT 326.87 597.60 Td (favorably) Tj ET Q q 0 0 0 rg BT 364.54 597.60 Td (. ) Tj ET Q q 0 0 0 rg BT 369.79 597.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 395.31 597.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 433.06 597.60 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 470.24 597.60 Td (could ) Tj ET Q q 0 0 0 rg BT 495.21 597.60 Td (arise, ) Tj ET Q q 0 0 0 rg BT 519.34 597.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 585.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 119.73 585.60 Td (over ) Tj ET Q q 0 0 0 rg BT 139.86 585.60 Td (matters ) Tj ET Q q 0 0 0 rg BT 171.66 585.60 Td (such ) Tj ET Q q 0 0 0 rg BT 192.35 585.60 Td (as ) Tj ET Q q 0 0 0 rg BT 203.04 585.60 Td (our ) Tj ET Q q 0 0 0 rg BT 218.73 585.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 256.09 585.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 283.44 585.60 Td (or ) Tj ET Q q 0 0 0 rg BT 294.13 585.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 344.26 585.60 Td (that ) Tj ET Q q 0 0 0 rg BT 361.61 585.60 Td (we ) Tj ET Q q 0 0 0 rg BT 375.63 585.60 Td (may ) Tj ET Q q 0 0 0 rg BT 395.21 585.60 Td (engage ) Tj ET Q q 0 0 0 rg BT 425.89 585.60 Td (in, ) Tj ET Q q 0 0 0 rg BT 438.53 585.60 Td (from ) Tj ET Q q 0 0 0 rg BT 460.33 585.60 Td (time ) Tj ET Q q 0 0 0 rg BT 480.46 585.60 Td (to ) Tj ET Q q 0 0 0 rg BT 490.60 585.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 513.23 585.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 573.60 Td (other ) Tj ET Q q 0 0 0 rg BT 104.05 573.60 Td (business ) Tj ET Q q 0 0 0 rg BT 140.44 573.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 169.60 573.60 Td (by ) Tj ET Q q 0 0 0 rg BT 182.10 573.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 205.71 573.60 Td (Group, ) Tj ET Q q 0 0 0 rg BT 236.26 573.60 Td (such ) Tj ET Q q 0 0 0 rg BT 257.09 573.60 Td (as ) Tj ET Q q 0 0 0 rg BT 267.92 573.60 Td (Salus ) Tj ET Q q 0 0 0 rg BT 292.09 573.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 320.14 573.60 Td (FSRCI. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 533.60 Td (Item2. ) Tj ET Q q 0 0 0 rg BT 113.49 533.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.99 533.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.49 533.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 128.86 533.60 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 514.60 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 514.60 Td (e ) Tj ET Q q 0 0 0 rg BT 119.62 514.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 142.65 514.60 Td (our ) Tj ET Q q 0 0 0 rg BT 159.02 514.60 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 213.15 514.60 Td (at ) Tj ET Q q 0 0 0 rg BT 223.41 514.60 Td (601 ) Tj ET Q q 0 0 0 rg BT 241.46 514.60 Td (Locust ) Tj ET Q q 0 0 0 rg BT 271.72 514.60 Td (Street, ) Tj ET Q q 0 0 0 rg BT 300.59 514.60 Td (Des ) Tj ET Q q 0 0 0 rg BT 319.19 514.60 Td (Moines, ) Tj ET Q q 0 0 0 rg BT 354.73 514.60 Td (Iowa, ) Tj ET Q q 0 0 0 rg BT 380.27 514.60 Td (and ) Tj ET Q q 0 0 0 rg BT 397.75 514.60 Td (sublease ) Tj ET Q q 0 0 0 rg BT 434.67 514.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 477.70 514.60 Td (in ) Tj ET Q q 0 0 0 rg BT 488.52 514.60 Td (Baltimore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 502.60 Td (Maryland ) Tj ET Q q 0 0 0 rg BT 122.04 502.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.63 502.60 Td (Lincoln, ) Tj ET Q q 0 0 0 rg BT 174.39 502.60 Td (Nebraska ) Tj ET Q q 0 0 0 rg BT 214.31 502.60 Td (for ) Tj ET Q q 0 0 0 rg BT 228.13 502.60 Td (legal, ) Tj ET Q q 0 0 0 rg BT 252.22 502.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 280.48 502.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.08 502.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 342.01 502.60 Td (needs. ) Tj ET Q q 0 0 0 rg BT 369.43 502.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 391.59 502.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 417.63 502.60 Td (expire ) Tj ET Q q 0 0 0 rg BT 444.77 502.60 Td (December ) Tj ET Q q 0 0 0 rg BT 488.01 502.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 512.67 502.60 Td (May ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 490.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 103.88 490.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.19 490.60 Td (January ) Tj ET Q q 0 0 0 rg BT 155.16 490.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 178.04 490.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 225.70 490.60 Td (. ) Tj ET Q q 0 0 0 rg BT 230.87 490.60 Td (W) Tj ET Q q 0 0 0 rg BT 239.50 490.60 Td (e ) Tj ET Q q 0 0 0 rg BT 246.82 490.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 278.56 490.60 Td (our ) Tj ET Q q 0 0 0 rg BT 294.77 490.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 329.31 490.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 366.61 490.60 Td (are ) Tj ET Q q 0 0 0 rg BT 381.69 490.60 Td (suitable ) Tj ET Q q 0 0 0 rg BT 415.67 490.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.99 490.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 471.39 490.60 Td (for ) Tj ET Q q 0 0 0 rg BT 485.93 490.60 Td (our ) Tj ET Q q 0 0 0 rg BT 502.13 490.60 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 478.60 Td (purposes. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 440.20 Td (Item3. ) Tj ET Q q 0 0 0 rg BT 113.49 440.20 Td ( ) Tj ET Q q 0 0 0 rg BT 115.99 440.20 Td ( ) Tj ET Q q 0 0 0 rg BT 118.49 440.20 Td (Legal ) Tj ET Q q 0 0 0 rg BT 144.88 440.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 155.24 440.20 Td (oceedings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 419.20 Td (See ) Tj ET Q q 0 0 0 rg BT 133.94 419.20 Td ("Note ) Tj ET Q q 0 0 0 rg BT 159.96 419.20 Td (12. ) Tj ET Q q 0 0 0 rg BT 174.96 419.20 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 234.13 419.20 Td (and ) Tj ET Q q 0 0 0 rg BT 251.07 419.20 Td (Contingencies" ) Tj ET Q q 0 0 0 rg BT 314.86 419.20 Td (to ) Tj ET Q q 0 0 0 rg BT 325.14 419.20 Td (our ) Tj ET Q q 0 0 0 rg BT 340.97 419.20 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.90 419.20 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 428.18 419.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 467.89 419.20 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.77 419.20 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 382.80 Td (Item 4. Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 212.19 382.80 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 363.80 Td (Not applicable.) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 735.75 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 735.75 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 735.75 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 735.75 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 702.75 Td (Item 5. Market for) Tj ET Q q 0 0 0 rg BT 165.79 702.75 Td ( Registrant) Tj ET Q q 0 0 0 rg BT 216.23 702.75 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 292.92 702.75 Td (, Related Stockholder) Tj ET Q q 0 0 0 rg BT 384.68 702.75 Td ( Matters and Issuer) Tj ET Q q 0 0 0 rg BT 468.10 702.75 Td ( Pur) Tj ET Q q 0 0 0 rg BT 486.53 702.75 Td (chases of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 690.75 Td (Equity Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 672.15 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 672.15 Td (Our ) Tj ET Q q 0 0 0 rg BT 135.37 672.15 Td (common ) Tj ET Q q 0 0 0 rg BT 173.18 672.15 Td (stock ) Tj ET Q q 0 0 0 rg BT 197.10 672.15 Td (is ) Tj ET Q q 0 0 0 rg BT 206.58 672.15 Td (listed ) Tj ET Q q 0 0 0 rg BT 231.06 672.15 Td (on ) Tj ET Q q 0 0 0 rg BT 243.88 672.15 Td (the ) Tj ET Q q 0 0 0 rg BT 258.91 672.15 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 287.84 672.15 Td (and ) Tj ET Q q 0 0 0 rg BT 305.09 672.15 Td (trades ) Tj ET Q q 0 0 0 rg BT 331.79 672.15 Td (under ) Tj ET Q q 0 0 0 rg BT 357.37 672.15 Td (the ) Tj ET Q q 0 0 0 rg BT 372.40 672.15 Td (symbol ) Tj ET Q q 0 0 0 rg BT 404.66 672.15 Td (FGL. ) Tj ET Q q 0 0 0 rg BT 437.54 672.15 Td (The ) Tj ET Q q 0 0 0 rg BT 455.91 672.15 Td (high ) Tj ET Q q 0 0 0 rg BT 476.50 672.15 Td (and ) Tj ET Q q 0 0 0 rg BT 493.75 672.15 Td (low ) Tj ET Q q 0 0 0 rg BT 511.57 672.15 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 660.15 Td (prices ) Tj ET Q q 0 0 0 rg BT 107.38 660.15 Td (for ) Tj ET Q q 0 0 0 rg BT 121.54 660.15 Td (our ) Tj ET Q q 0 0 0 rg BT 137.37 660.15 Td (common ) Tj ET Q q 0 0 0 rg BT 174.86 660.15 Td (stock ) Tj ET Q q 0 0 0 rg BT 198.47 660.15 Td (for ) Tj ET Q q 0 0 0 rg BT 212.63 660.15 Td (each ) Tj ET Q q 0 0 0 rg BT 233.45 660.15 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 272.04 660.15 Td (period ) Tj ET Q q 0 0 0 rg BT 300.09 660.15 Td (for ) Tj ET Q q 0 0 0 rg BT 314.25 660.15 Td (the ) Tj ET Q q 0 0 0 rg BT 328.96 660.15 Td (last ) Tj ET Q q 0 0 0 rg BT 345.35 660.15 Td (two ) Tj ET Q q 0 0 0 rg BT 362.85 660.15 Td (years ) Tj ET Q q 0 0 0 rg BT 386.45 660.15 Td (are ) Tj ET Q q 0 0 0 rg BT 401.16 660.15 Td (shown ) Tj ET Q q 0 0 0 rg BT 429.77 660.15 Td (in ) Tj ET Q q 0 0 0 rg BT 440.05 660.15 Td (the ) Tj ET Q q 0 0 0 rg BT 454.76 660.15 Td (following ) Tj ET Q q 0 0 0 rg BT 496.15 660.15 Td (table.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 635.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 635.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 635.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 635.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 635.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 607.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 607.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 607.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 607.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 607.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 579.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 579.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 579.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 579.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 579.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 551.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 551.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 551.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 551.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 551.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 523.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 523.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 523.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 523.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 523.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 495.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 495.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 495.65 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 495.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 495.65 52.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 635.65 m 474.5 635.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 635.65 m 530.5 635.65 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 640.22 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.55 639.88 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.40 639.88 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 625.88 Td (Year ended September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 611.90 Td (First Quarter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.00 611.90 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 611.90 Td (27.87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 611.90 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 611.90 Td (24.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 597.90 Td (Second Quarter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 597.90 Td (26.55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 597.90 Td (23.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 583.90 Td (Third Quarter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 583.90 Td (26.49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 583.90 Td (22.17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 569.90 Td (Fourth Quarter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 569.90 Td (24.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 569.90 Td (21.42) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 541.88 Td (Year ended September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 527.90 Td (First Quarter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.00 527.90 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 527.90 Td (26.59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 527.90 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 527.90 Td (20.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 513.90 Td (Second Quarter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 513.90 Td (24.85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 513.90 Td (20.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 499.90 Td (Third Quarter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 499.90 Td (24.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 499.90 Td (20.53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 485.90 Td (Fourth Quarter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 485.90 Td (27.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 485.90 Td (23.01) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 456.95 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 456.95 Td (As ) Tj ET Q q 0 0 0 rg BT 130.08 456.95 Td (of ) Tj ET Q q 0 0 0 rg BT 140.38 456.95 Td (October ) Tj ET Q q 0 0 0 rg BT 174.55 456.95 Td (1, ) Tj ET Q q 0 0 0 rg BT 184.02 456.95 Td (2016, ) Tj ET Q q 0 0 0 rg BT 208.48 456.95 Td (there ) Tj ET Q q 0 0 0 rg BT 230.44 456.95 Td (were ) Tj ET Q q 0 0 0 rg BT 251.83 456.95 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.56 456.95 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.56 456.95 Td ( ) Tj ET Q q 0 0 0 rg BT 323.52 456.95 Td (holders ) Tj ET Q q 0 0 0 rg BT 354.93 456.95 Td (of ) Tj ET Q q 0 0 0 rg BT 365.23 456.95 Td (record ) Tj ET Q q 0 0 0 rg BT 392.73 456.95 Td (of ) Tj ET Q q 0 0 0 rg BT 403.03 456.95 Td (our ) Tj ET Q q 0 0 0 rg BT 418.32 456.95 Td (common ) Tj ET Q q 0 0 0 rg BT 455.29 456.95 Td (stock. ) Tj ET Q q 0 0 0 rg BT 480.72 456.95 Td (This ) Tj ET Q q 0 0 0 rg BT 500.46 456.95 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.95 Td (does ) Tj ET Q q 0 0 0 rg BT 101.91 444.95 Td (not ) Tj ET Q q 0 0 0 rg BT 117.26 444.95 Td (include ) Tj ET Q q 0 0 0 rg BT 149.28 444.95 Td (the ) Tj ET Q q 0 0 0 rg BT 164.07 444.95 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 217.20 444.95 Td (for ) Tj ET Q q 0 0 0 rg BT 231.43 444.95 Td (whom ) Tj ET Q q 0 0 0 rg BT 259.01 444.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 286.58 444.95 Td (are ) Tj ET Q q 0 0 0 rg BT 301.37 444.95 Td (held ) Tj ET Q q 0 0 0 rg BT 321.16 444.95 Td (in ) Tj ET Q q 0 0 0 rg BT 331.52 444.95 Td (a ) Tj ET Q q 0 0 0 rg BT 338.53 444.95 Td (nominee ) Tj ET Q q 0 0 0 rg BT 384.42 444.95 Td (or ) Tj ET Q q 0 0 0 rg BT 395.33 444.95 Td (street ) Tj ET Q q 0 0 0 rg BT 428.44 444.95 Td (name. ) Tj ET Q q 0 0 0 rg BT 455.17 444.95 Td ( ) Tj ET Q q 0 0 0 rg BT 457.75 444.95 Td (In ) Tj ET Q q 0 0 0 rg BT 468.66 444.95 Td (the ) Tj ET Q q 0 0 0 rg BT 483.46 444.95 Td (years ) Tj ET Q q 0 0 0 rg BT 507.13 444.95 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.95 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.82 432.95 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.82 432.95 Td ( ) Tj ET Q q 0 0 0 rg BT 164.87 432.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.36 432.95 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.36 432.95 Td (, ) Tj ET Q q 0 0 0 rg BT 207.91 432.95 Td (we ) Tj ET Q q 0 0 0 rg BT 222.62 432.95 Td (paid ) Tj ET Q q 0 0 0 rg BT 242.89 432.95 Td (total ) Tj ET Q q 0 0 0 rg BT 263.71 432.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 284.54 432.95 Td (dividends ) Tj ET Q q 0 0 0 rg BT 326.47 432.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.86 432.95 Td ($0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.36 432.95 Td ( ) Tj ET Q q 0 0 0 rg BT 363.41 432.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.90 432.95 Td ($0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.40 432.95 Td (, ) Tj ET Q q 0 0 0 rg BT 408.95 432.95 Td (respectively) Tj ET Q q 0 0 0 rg BT 456.61 432.95 Td (, ) Tj ET Q q 0 0 0 rg BT 462.16 432.95 Td (per ) Tj ET Q q 0 0 0 rg BT 477.98 432.95 Td (share, ) Tj ET Q q 0 0 0 rg BT 504.63 432.95 Td (on ) Tj ET Q q 0 0 0 rg BT 517.68 432.95 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 420.95 Td (common ) Tj ET Q q 0 0 0 rg BT 118.31 420.95 Td (stock. ) Tj ET Q q 0 0 0 rg BT 144.24 420.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.55 420.95 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 172.75 420.95 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.75 420.95 Td ( ) Tj ET Q q 0 0 0 rg BT 195.07 420.95 Td (dividends ) Tj ET Q q 0 0 0 rg BT 236.27 420.95 Td (were ) Tj ET Q q 0 0 0 rg BT 258.02 420.95 Td (paid ) Tj ET Q q 0 0 0 rg BT 277.55 420.95 Td (to ) Tj ET Q q 0 0 0 rg BT 287.64 420.95 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 340.50 420.95 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.92 420.95 Td (December ) Tj ET Q q 0 0 0 rg BT 412.32 420.95 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.32 420.95 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.14 420.95 Td (March ) Tj ET Q q 0 0 0 rg BT 465.55 420.95 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.55 420.95 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.37 420.95 Td (May ) Tj ET Q q 0 0 0 rg BT 511.01 420.95 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.83 408.95 Td (September ) Tj ET Q q 0 0 0 rg BT 143.00 408.95 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 408.95 Td (. ) Tj ET Q q 0 0 0 rg BT 167.89 408.95 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 194.17 408.95 Td (2015 ) Tj ET Q q 0 0 0 rg BT 216.57 408.95 Td (dividends ) Tj ET Q q 0 0 0 rg BT 257.85 408.95 Td (were ) Tj ET Q q 0 0 0 rg BT 279.68 408.95 Td (paid ) Tj ET Q q 0 0 0 rg BT 299.29 408.95 Td (to ) Tj ET Q q 0 0 0 rg BT 309.47 408.95 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 362.40 408.95 Td (during ) Tj ET Q q 0 0 0 rg BT 390.91 408.95 Td (December ) Tj ET Q q 0 0 0 rg BT 434.39 408.95 Td (2014, ) Tj ET Q q 0 0 0 rg BT 459.28 408.95 Td (March ) Tj ET Q q 0 0 0 rg BT 487.78 408.95 Td (2015, ) Tj ET Q q 0 0 0 rg BT 512.67 408.95 Td (June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.95 Td (2015 ) Tj ET Q q 0 0 0 rg BT 103.46 396.95 Td (and ) Tj ET Q q 0 0 0 rg BT 119.82 396.95 Td (August ) Tj ET Q q 0 0 0 rg BT 151.18 396.95 Td (2015. ) Tj ET Q q 0 0 0 rg BT 175.97 396.95 Td (W) Tj ET Q q 0 0 0 rg BT 184.60 396.95 Td (e ) Tj ET Q q 0 0 0 rg BT 191.51 396.95 Td (intend ) Tj ET Q q 0 0 0 rg BT 218.97 396.95 Td (to ) Tj ET Q q 0 0 0 rg BT 229.21 396.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 266.11 396.95 Td (to ) Tj ET Q q 0 0 0 rg BT 276.35 396.95 Td (pay ) Tj ET Q q 0 0 0 rg BT 293.26 396.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.49 396.95 Td (dividends ) Tj ET Q q 0 0 0 rg BT 354.84 396.95 Td (on ) Tj ET Q q 0 0 0 rg BT 367.31 396.95 Td (such ) Tj ET Q q 0 0 0 rg BT 388.10 396.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 415.56 396.95 Td (so ) Tj ET Q q 0 0 0 rg BT 426.91 396.95 Td (long ) Tj ET Q q 0 0 0 rg BT 447.16 396.95 Td (as ) Tj ET Q q 0 0 0 rg BT 457.95 396.95 Td (we ) Tj ET Q q 0 0 0 rg BT 472.08 396.95 Td (have ) Tj ET Q q 0 0 0 rg BT 493.42 396.95 Td (suf) Tj ET Q q 0 0 0 rg BT 505.46 396.95 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 384.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 109.73 384.95 Td (and/or ) Tj ET Q q 0 0 0 rg BT 137.36 384.95 Td (future ) Tj ET Q q 0 0 0 rg BT 163.31 384.95 Td (earnings ) Tj ET Q q 0 0 0 rg BT 199.27 384.95 Td (to ) Tj ET Q q 0 0 0 rg BT 209.13 384.95 Td (do ) Tj ET Q q 0 0 0 rg BT 221.21 384.95 Td (so, ) Tj ET Q q 0 0 0 rg BT 234.68 384.95 Td (while ) Tj ET Q q 0 0 0 rg BT 258.98 384.95 Td (retaining ) Tj ET Q q 0 0 0 rg BT 296.60 384.95 Td (most ) Tj ET Q q 0 0 0 rg BT 318.13 384.95 Td (of ) Tj ET Q q 0 0 0 rg BT 328.54 384.95 Td (our ) Tj ET Q q 0 0 0 rg BT 343.95 384.95 Td (future ) Tj ET Q q 0 0 0 rg BT 369.91 384.95 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 408.36 384.95 Td (if ) Tj ET Q q 0 0 0 rg BT 416.55 384.95 Td (any) Tj ET Q q 0 0 0 rg BT 430.34 384.95 Td (, ) Tj ET Q q 0 0 0 rg BT 434.92 384.95 Td (for ) Tj ET Q q 0 0 0 rg BT 448.66 384.95 Td (use ) Tj ET Q q 0 0 0 rg BT 464.07 384.95 Td (in ) Tj ET Q q 0 0 0 rg BT 473.93 384.95 Td (our ) Tj ET Q q 0 0 0 rg BT 489.34 384.95 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 372.95 Td (and ) Tj ET Q q 0 0 0 rg BT 98.92 372.95 Td (the ) Tj ET Q q 0 0 0 rg BT 114.61 372.95 Td (expansion ) Tj ET Q q 0 0 0 rg BT 158.64 372.95 Td (of ) Tj ET Q q 0 0 0 rg BT 170.44 372.95 Td (our ) Tj ET Q q 0 0 0 rg BT 187.25 372.95 Td (business. ) Tj ET Q q 0 0 0 rg BT 227.12 372.95 Td (Further ) Tj ET Q q 0 0 0 rg BT 260.04 372.95 Td (determination ) Tj ET Q q 0 0 0 rg BT 319.05 372.95 Td (as ) Tj ET Q q 0 0 0 rg BT 330.86 372.95 Td (to ) Tj ET Q q 0 0 0 rg BT 342.12 372.95 Td (dividend ) Tj ET Q q 0 0 0 rg BT 380.59 372.95 Td (policy ) Tj ET Q q 0 0 0 rg BT 409.06 372.95 Td (will ) Tj ET Q q 0 0 0 rg BT 428.10 372.95 Td (be ) Tj ET Q q 0 0 0 rg BT 441.02 372.95 Td (made ) Tj ET Q q 0 0 0 rg BT 466.15 372.95 Td (by ) Tj ET Q q 0 0 0 rg BT 479.63 372.95 Td (our ) Tj ET Q q 0 0 0 rg BT 496.44 372.95 Td (board ) Tj ET Q q 0 0 0 rg BT 522.68 372.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.95 Td (directors, ) Tj ET Q q 0 0 0 rg BT 121.23 360.95 Td (based ) Tj ET Q q 0 0 0 rg BT 146.75 360.95 Td (on ) Tj ET Q q 0 0 0 rg BT 159.50 360.95 Td (our ) Tj ET Q q 0 0 0 rg BT 175.58 360.95 Td (future ) Tj ET Q q 0 0 0 rg BT 202.21 360.95 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 241.33 360.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 270.73 360.95 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 328.18 360.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 365.91 360.95 Td (condition, ) Tj ET Q q 0 0 0 rg BT 408.93 360.95 Td (future ) Tj ET Q q 0 0 0 rg BT 435.56 360.95 Td (prospects ) Tj ET Q q 0 0 0 rg BT 476.08 360.95 Td (and ) Tj ET Q q 0 0 0 rg BT 493.27 360.95 Td (any ) Tj ET Q q 0 0 0 rg BT 510.45 360.95 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 348.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 110.71 348.95 Td (our ) Tj ET Q q 0 0 0 rg BT 126.54 348.95 Td (board ) Tj ET Q q 0 0 0 rg BT 151.81 348.95 Td (of ) Tj ET Q q 0 0 0 rg BT 162.64 348.95 Td (directors ) Tj ET Q q 0 0 0 rg BT 200.12 348.95 Td (may ) Tj ET Q q 0 0 0 rg BT 219.84 348.95 Td (deem ) Tj ET Q q 0 0 0 rg BT 243.99 348.95 Td (relevant.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 107.39 735.75 Td (Performance ) Tj ET Q q 0 0 0 rg BT 165.41 735.75 Td (Graph) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 714.75 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 714.75 Td (The ) Tj ET Q q 0 0 0 rg BT 133.97 714.75 Td (information ) Tj ET Q q 0 0 0 rg BT 183.17 714.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 224.58 714.75 Td (in ) Tj ET Q q 0 0 0 rg BT 234.33 714.75 Td (this ) Tj ET Q q 0 0 0 rg BT 250.76 714.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 274.39 714.75 Td (Performance ) Tj ET Q q 0 0 0 rg BT 328.57 714.75 Td (Graph ) Tj ET Q q 0 0 0 rg BT 356.66 714.75 Td (section ) Tj ET Q q 0 0 0 rg BT 386.95 714.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 408.38 714.75 Td (not ) Tj ET Q q 0 0 0 rg BT 423.13 714.75 Td (be ) Tj ET Q q 0 0 0 rg BT 434.54 714.75 Td (deemed ) Tj ET Q q 0 0 0 rg BT 467.05 714.75 Td (to ) Tj ET Q q 0 0 0 rg BT 476.81 714.75 Td (be ) Tj ET Q q 0 0 0 rg BT 488.22 714.75 Td (soliciting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 702.75 Td (material ) Tj ET Q q 0 0 0 rg BT 123.58 702.75 Td (or ) Tj ET Q q 0 0 0 rg BT 135.61 702.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 167.64 702.75 Td (or ) Tj ET Q q 0 0 0 rg BT 179.67 702.75 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 235.02 702.75 Td (by ) Tj ET Q q 0 0 0 rg BT 247.59 702.75 Td (r) Tj ET Q q 0 0 0 rg BT 251.11 702.75 Td (efer) Tj ET Q q 0 0 0 rg BT 266.29 702.75 Td (ence ) Tj ET Q q 0 0 0 rg BT 287.74 702.75 Td (in ) Tj ET Q q 0 0 0 rg BT 298.65 702.75 Td (futur) Tj ET Q q 0 0 0 rg BT 317.73 702.75 Td (e ) Tj ET Q q 0 0 0 rg BT 325.30 702.75 Td (filings ) Tj ET Q q 0 0 0 rg BT 353.44 702.75 Td (with ) Tj ET Q q 0 0 0 rg BT 373.80 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 389.15 702.75 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 412.57 702.75 Td (or ) Tj ET Q q 0 0 0 rg BT 424.59 702.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 456.05 702.75 Td (to ) Tj ET Q q 0 0 0 rg BT 466.97 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 482.32 702.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 523.23 702.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 690.75 Td (Section18 ) Tj ET Q q 0 0 0 rg BT 124.32 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 133.48 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 147.08 690.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 187.90 690.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 228.60 690.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 243.31 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 252.47 690.75 Td (1934, ) Tj ET Q q 0 0 0 rg BT 276.36 690.75 Td (except ) Tj ET Q q 0 0 0 rg BT 303.27 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 312.43 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 326.03 690.75 Td (extent ) Tj ET Q q 0 0 0 rg BT 351.29 690.75 Td (that ) Tj ET Q q 0 0 0 rg BT 368.23 690.75 Td (we ) Tj ET Q q 0 0 0 rg BT 380.72 690.75 Td (specifically ) Tj ET Q q 0 0 0 rg BT 427.64 690.75 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 476.24 690.75 Td (it ) Tj ET Q q 0 0 0 rg BT 483.18 690.75 Td (by ) Tj ET Q q 0 0 0 rg BT 494.00 690.75 Td (r) Tj ET Q q 0 0 0 rg BT 497.52 690.75 Td (efer) Tj ET Q q 0 0 0 rg BT 512.70 690.75 Td (ence ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 678.75 Td (into ) Tj ET Q q 0 0 0 rg BT 99.06 678.75 Td (a ) Tj ET Q q 0 0 0 rg BT 106.56 678.75 Td (document ) Tj ET Q q 0 0 0 rg BT 147.93 678.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 168.21 678.75 Td (under ) Tj ET Q q 0 0 0 rg BT 194.04 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.75 678.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 250.51 678.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 266.33 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 276.61 678.75 Td (1933 ) Tj ET Q q 0 0 0 rg BT 299.11 678.75 Td (or ) Tj ET Q q 0 0 0 rg BT 310.50 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 325.22 678.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 367.15 678.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 408.90 678.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 424.72 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 435.00 678.75 Td (1934.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 657.75 Td (The ) Tj ET Q q 0 0 0 rg BT 98.14 657.75 Td (following ) Tj ET Q q 0 0 0 rg BT 138.61 657.75 Td (graph ) Tj ET Q q 0 0 0 rg BT 162.97 657.75 Td (shows ) Tj ET Q q 0 0 0 rg BT 189.56 657.75 Td (a ) Tj ET Q q 0 0 0 rg BT 195.59 657.75 Td (comparison ) Tj ET Q q 0 0 0 rg BT 243.83 657.75 Td (from ) Tj ET Q q 0 0 0 rg BT 264.86 657.75 Td (December ) Tj ET Q q 0 0 0 rg BT 307.53 657.75 Td (13, ) Tj ET Q q 0 0 0 rg BT 321.62 657.75 Td (2013 ) Tj ET Q q 0 0 0 rg BT 343.21 657.75 Td (\(the ) Tj ET Q q 0 0 0 rg BT 360.34 657.75 Td (date ) Tj ET Q q 0 0 0 rg BT 378.59 657.75 Td (our ) Tj ET Q q 0 0 0 rg BT 393.50 657.75 Td (common ) Tj ET Q q 0 0 0 rg BT 430.09 657.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 452.78 657.75 Td (commenced ) Tj ET Q q 0 0 0 rg BT 502.68 657.75 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 645.75 Td (on ) Tj ET Q q 0 0 0 rg BT 93.57 645.75 Td (the ) Tj ET Q q 0 0 0 rg BT 108.36 645.75 Td (NYSE\) ) Tj ET Q q 0 0 0 rg BT 140.37 645.75 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.05 645.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 234.39 645.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.39 645.75 Td ( ) Tj ET Q q 0 0 0 rg BT 256.96 645.75 Td (of ) Tj ET Q q 0 0 0 rg BT 267.86 645.75 Td (the ) Tj ET Q q 0 0 0 rg BT 282.65 645.75 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 329.65 645.75 Td (total ) Tj ET Q q 0 0 0 rg BT 349.99 645.75 Td (return ) Tj ET Q q 0 0 0 rg BT 376.44 645.75 Td (for ) Tj ET Q q 0 0 0 rg BT 390.67 645.75 Td (our ) Tj ET Q q 0 0 0 rg BT 406.57 645.75 Td (common ) Tj ET Q q 0 0 0 rg BT 444.13 645.75 Td (stock, ) Tj ET Q q 0 0 0 rg BT 470.31 645.75 Td (the ) Tj ET Q q 0 0 0 rg BT 485.10 645.75 Td (Standard ) Tj ET Q q 0 0 0 rg BT 523.22 645.75 Td (& ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 633.75 Td (Poor's ) Tj ET Q q 0 0 0 rg BT 107.69 633.75 Td (500 ) Tj ET Q q 0 0 0 rg BT 124.80 633.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 149.68 633.75 Td (Index ) Tj ET Q q 0 0 0 rg BT 174.56 633.75 Td (\(S&P) Tj ET Q q 0 0 0 rg BT 196.42 633.75 Td ( ) Tj ET Q q 0 0 0 rg BT 198.52 633.75 Td (500 ) Tj ET Q q 0 0 0 rg BT 215.63 633.75 Td (Index\) ) Tj ET Q q 0 0 0 rg BT 243.83 633.75 Td (and ) Tj ET Q q 0 0 0 rg BT 260.38 633.75 Td (the ) Tj ET Q q 0 0 0 rg BT 274.70 633.75 Td (S&P) Tj ET Q q 0 0 0 rg BT 293.23 633.75 Td ( ) Tj ET Q q 0 0 0 rg BT 295.34 633.75 Td (500 ) Tj ET Q q 0 0 0 rg BT 312.44 633.75 Td (Life ) Tj ET Q q 0 0 0 rg BT 331.20 633.75 Td (& ) Tj ET Q q 0 0 0 rg BT 341.09 633.75 Td (Health ) Tj ET Q q 0 0 0 rg BT 369.85 633.75 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 410.82 633.75 Td (Index. ) Tj ET Q q 0 0 0 rg BT 438.04 633.75 Td (The ) Tj ET Q q 0 0 0 rg BT 455.70 633.75 Td (graph ) Tj ET Q q 0 0 0 rg BT 480.57 633.75 Td (assumes ) Tj ET Q q 0 0 0 rg BT 516.01 633.75 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 621.75 Td ($100 ) Tj ET Q q 0 0 0 rg BT 103.64 621.75 Td (was ) Tj ET Q q 0 0 0 rg BT 121.83 621.75 Td (invested ) Tj ET Q q 0 0 0 rg BT 157.79 621.75 Td (at ) Tj ET Q q 0 0 0 rg BT 167.65 621.75 Td (the ) Tj ET Q q 0 0 0 rg BT 182.50 621.75 Td (market ) Tj ET Q q 0 0 0 rg BT 212.90 621.75 Td (close ) Tj ET Q q 0 0 0 rg BT 236.09 621.75 Td (on ) Tj ET Q q 0 0 0 rg BT 248.73 621.75 Td (December ) Tj ET Q q 0 0 0 rg BT 292.45 621.75 Td (13, ) Tj ET Q q 0 0 0 rg BT 307.59 621.75 Td (2013 ) Tj ET Q q 0 0 0 rg BT 330.23 621.75 Td (in ) Tj ET Q q 0 0 0 rg BT 340.64 621.75 Td (common ) Tj ET Q q 0 0 0 rg BT 378.27 621.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 402.02 621.75 Td (of ) Tj ET Q q 0 0 0 rg BT 412.99 621.75 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 446.74 621.75 Td (& ) Tj ET Q q 0 0 0 rg BT 457.16 621.75 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 497.00 621.75 Td (Life, ) Tj ET Q q 0 0 0 rg BT 518.80 621.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 609.75 Td (S&P) Tj ET Q q 0 0 0 rg BT 99.53 609.75 Td ( ) Tj ET Q q 0 0 0 rg BT 102.62 609.75 Td (500 ) Tj ET Q q 0 0 0 rg BT 120.70 609.75 Td (Index ) Tj ET Q q 0 0 0 rg BT 146.55 609.75 Td (and ) Tj ET Q q 0 0 0 rg BT 164.08 609.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.38 609.75 Td (S&P) Tj ET Q q 0 0 0 rg BT 197.91 609.75 Td ( ) Tj ET Q q 0 0 0 rg BT 200.99 609.75 Td (500 ) Tj ET Q q 0 0 0 rg BT 219.08 609.75 Td (Life ) Tj ET Q q 0 0 0 rg BT 238.82 609.75 Td (& ) Tj ET Q q 0 0 0 rg BT 249.68 609.75 Td (Health ) Tj ET Q q 0 0 0 rg BT 279.42 609.75 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 321.38 609.75 Td (Index ) Tj ET Q q 0 0 0 rg BT 347.23 609.75 Td (and ) Tj ET Q q 0 0 0 rg BT 364.75 609.75 Td (assumes ) Tj ET Q q 0 0 0 rg BT 401.17 609.75 Td (reinvestments ) Tj ET Q q 0 0 0 rg BT 459.79 609.75 Td (of ) Tj ET Q q 0 0 0 rg BT 471.21 609.75 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 515.46 609.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 597.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 104.61 597.75 Td (price ) Tj ET Q q 0 0 0 rg BT 127.09 597.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 180.12 597.75 Td (of ) Tj ET Q q 0 0 0 rg BT 190.95 597.75 Td (the ) Tj ET Q q 0 0 0 rg BT 205.66 597.75 Td (following ) Tj ET Q q 0 0 0 rg BT 247.05 597.75 Td (graph ) Tj ET Q q 0 0 0 rg BT 272.32 597.75 Td (is ) Tj ET Q q 0 0 0 rg BT 281.49 597.75 Td (not ) Tj ET Q q 0 0 0 rg BT 296.77 597.75 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 343.69 597.75 Td (indicative ) Tj ET Q q 0 0 0 rg BT 385.62 597.75 Td (of ) Tj ET Q q 0 0 0 rg BT 396.45 597.75 Td (future ) Tj ET Q q 0 0 0 rg BT 422.83 597.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 446.43 597.75 Td (price ) Tj ET Q q 0 0 0 rg BT 468.92 597.75 Td (performance.) Tj ET Q /GS0 gs q 450.00 0 0 237.90 81.00 324.85 cm /I17 Do Q BT /F1 10.00 Tf ET endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Item 6. Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 711.75 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 711.75 Td (e ) Tj ET Q q 0 0 0 rg BT 119.42 711.75 Td (have ) Tj ET Q q 0 0 0 rg BT 141.13 711.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 178.95 711.75 Td (the ) Tj ET Q q 0 0 0 rg BT 194.00 711.75 Td (following ) Tj ET Q q 0 0 0 rg BT 235.73 711.75 Td (selected ) Tj ET Q q 0 0 0 rg BT 270.77 711.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 308.59 711.75 Td (data ) Tj ET Q q 0 0 0 rg BT 328.08 711.75 Td (as ) Tj ET Q q 0 0 0 rg BT 339.25 711.75 Td (of ) Tj ET Q q 0 0 0 rg BT 350.42 711.75 Td (and ) Tj ET Q q 0 0 0 rg BT 367.70 711.75 Td (for ) Tj ET Q q 0 0 0 rg BT 382.20 711.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.26 711.75 Td (years ) Tj ET Q q 0 0 0 rg BT 421.20 711.75 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.07 711.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.91 711.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 508.51 711.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 711.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 699.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 699.75 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 699.75 Td (, ) Tj ET Q q 0 0 0 rg BT 131.00 699.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 156.00 699.75 Td (and ) Tj ET Q q 0 0 0 rg BT 172.94 699.75 Td (2012. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.75 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 575.25 195.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 575.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 575.25 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 575.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 575.25 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 575.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 575.25 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 575.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 575.25 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 575.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 575.25 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 540.25 195.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 540.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 540.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 540.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 540.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 540.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 512.25 195.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 512.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 512.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 512.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 512.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 512.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 484.25 195.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 484.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 484.25 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 484.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 484.25 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 484.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 484.25 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 484.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 484.25 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 484.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 484.25 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 442.25 195.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 442.25 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 442.25 47.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 442.25 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 442.25 47.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 442.25 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 442.25 47.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 442.25 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 442.25 47.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 442.25 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 442.25 47.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 408.25 195.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 408.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 408.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 408.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 408.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 408.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 408.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 408.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 408.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 408.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 408.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 380.25 195.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 380.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 380.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 380.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 380.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 380.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 380.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 380.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 380.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 380.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 380.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 352.25 195.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 352.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 352.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 352.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 352.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 352.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 352.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 352.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 352.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 352.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 352.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 324.25 195.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 324.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 324.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 324.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 324.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 324.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 324.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 324.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 324.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 324.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 324.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 296.25 195.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 296.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 296.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 296.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 296.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 296.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 296.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 296.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 296.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 296.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 296.25 47.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 640.25 m 326.5 640.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 640.25 m 330.5 640.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 640.25 m 377.5 640.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 640.25 m 381.5 640.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 640.25 m 428.5 640.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 640.25 m 432.5 640.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 640.25 m 479.5 640.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 640.25 m 483.5 640.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 640.25 m 530.5 640.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 618.25 m 326.5 618.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 618.25 m 330.5 618.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 618.25 m 377.5 618.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 618.25 m 381.5 618.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 618.25 m 428.5 618.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 618.25 m 479.5 618.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 618.25 m 530.5 618.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 589.25 m 326.5 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 589.25 m 377.5 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 589.25 m 428.5 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 589.25 m 479.5 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 589.25 m 530.5 589.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 644.48 Td (Fidelity & Guaranty Life) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.05 622.48 Td (Year Ended September 30,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 593.50 Td (\(In millions, except share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.50 593.48 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.50 593.48 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.50 593.48 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.50 593.48 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.50 593.48 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 558.48 Td (SUMMARY OF OPERATIONS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 544.50 Td (Total operating revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 544.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.25 544.50 Td (1,139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.00 544.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 544.50 Td (961) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.00 544.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.25 544.50 Td (1,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.00 544.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.25 544.50 Td (1,347) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 544.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.25 544.50 Td (1,222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 530.50 Td (Total benefits and expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 530.50 Td (964) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 530.50 Td (755) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 530.50 Td (979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 530.50 Td (827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.25 530.50 Td (1,062) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 516.50 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 516.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 516.50 Td (97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.00 516.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 516.50 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.00 516.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 516.50 Td (163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.00 516.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 516.50 Td (348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 516.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 516.50 Td (344) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 488.48 Td (PER SHARE DATA \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 467.50 Td (Net income per common share - basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 467.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.30 467.50 Td (1.67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.00 467.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.30 467.50 Td (2.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.00 467.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 467.50 Td (2.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.00 467.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 467.50 Td (7.40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 467.50 Td (7.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 446.50 Td (Net income per common share - diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.30 446.50 Td (1.66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.30 446.50 Td (2.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 446.50 Td (2.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 446.50 Td (7.40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 446.50 Td (7.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 426.50 Td (Cash dividends declared per common share \(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.30 426.50 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.30 426.50 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 426.50 Td (1.11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 426.50 Td (1.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 426.50 Td (0.85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 412.50 Td (Common shares outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.30 412.50 Td (59.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.30 412.50 Td (58.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 412.50 Td (58.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 412.50 Td (47.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 412.50 Td (47.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 384.48 Td (BALANCE SHEET) Tj ET Q q 0 0 0 rg BT 150.65 384.48 Td ( DA) Tj ET Q q 0 0 0 rg BT 163.61 384.48 Td (T) Tj ET Q q 0 0 0 rg BT 168.36 384.48 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 370.50 Td (Total investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 370.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 370.50 Td (21,025) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.00 370.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.25 370.50 Td (19,094) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.00 370.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.25 370.50 Td (18,802) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.00 370.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.25 370.50 Td (16,223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 370.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 370.50 Td (16,557) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 356.50 Td (T) Tj ET Q q 0 0 0 rg BT 87.33 356.50 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 356.50 Td (27,035) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.25 356.50 Td (24,925) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.25 356.50 Td (24,153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.25 356.50 Td (22,403) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 356.50 Td (20,990) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 342.50 Td (Debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 342.50 Td (400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 342.50 Td (300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 342.50 Td (300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 342.50 Td (300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 342.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 328.50 Td (Total liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 328.50 Td (25,101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.25 328.50 Td (23,423) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.25 328.50 Td (22,494) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.25 328.50 Td (21,264) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 328.50 Td (19,700) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 314.50 Td (T) Tj ET Q q 0 0 0 rg BT 87.33 314.50 Td (otal equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.25 314.50 Td (1,934) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.25 314.50 Td (1,502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.25 314.50 Td (1,659) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.25 314.50 Td (1,139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.25 314.50 Td (1,291) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 300.50 Td (T) Tj ET Q q 0 0 0 rg BT 87.33 300.50 Td (otal equity excluding ) Tj ET Q q 0 0 0 rg BT 156.43 300.50 Td (AOCI) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.25 300.50 Td (1,495) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.25 300.50 Td (1,414) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.25 300.50 Td (1,310) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.25 300.50 Td (1,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 300.50 Td (856) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 286.50 Td (Book value per share) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.25 286.50 Td (32.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.25 286.50 Td (25.51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.25 286.50 Td (28.39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.25 286.50 Td (24.23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.25 286.50 Td (27.46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 273.50 Td (Book value per share, excluding ) Tj ET Q q 0 0 0 rg BT 187.86 273.50 Td (AOCI \(c\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 273.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.25 273.50 Td (25.36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.00 273.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.25 273.50 Td (24.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.00 273.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.25 273.50 Td (22.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.00 273.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.25 273.50 Td (21.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.25 273.50 Td (18.22) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 254.15 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 91.96 254.15 Td (Common ) Tj ET Q q 0 0 0 rg BT 123.81 254.15 Td (shares ) Tj ET Q q 0 0 0 rg BT 145.88 254.15 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 185.29 254.15 Td (and ) Tj ET Q q 0 0 0 rg BT 198.92 254.15 Td (per ) Tj ET Q q 0 0 0 rg BT 211.21 254.15 Td (share ) Tj ET Q q 0 0 0 rg BT 230.16 254.15 Td (amounts ) Tj ET Q q 0 0 0 rg BT 259.35 254.15 Td (give ) Tj ET Q q 0 0 0 rg BT 275.20 254.15 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 311.47 254.15 Td (ef) Tj ET Q q 0 0 0 rg BT 317.54 254.15 Td (fect ) Tj ET Q q 0 0 0 rg BT 331.61 254.15 Td (to ) Tj ET Q q 0 0 0 rg BT 339.91 254.15 Td (our ) Tj ET Q q 0 0 0 rg BT 352.65 254.15 Td (statutory ) Tj ET Q q 0 0 0 rg BT 382.72 254.15 Td (conversion ) Tj ET Q q 0 0 0 rg BT 419.90 254.15 Td (on ) Tj ET Q q 0 0 0 rg BT 429.51 254.15 Td (August ) Tj ET Q q 0 0 0 rg BT 454.70 254.15 Td (26, ) Tj ET Q q 0 0 0 rg BT 466.78 254.15 Td (2013 ) Tj ET Q q 0 0 0 rg BT 484.86 254.15 Td (and ) Tj ET Q q 0 0 0 rg BT 498.48 254.15 Td (the ) Tj ET Q q 0 0 0 rg BT 510.33 254.15 Td (4,700-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 244.55 Td (for) Tj ET Q q 0 0 0 rg BT 90.17 244.55 Td (-1 ) Tj ET Q q 0 0 0 rg BT 98.83 244.55 Td (stock ) Tj ET Q q 0 0 0 rg BT 117.72 244.55 Td (split ) Tj ET Q q 0 0 0 rg BT 133.50 244.55 Td (of ) Tj ET Q q 0 0 0 rg BT 142.16 244.55 Td (our ) Tj ET Q q 0 0 0 rg BT 154.83 244.55 Td (shares ) Tj ET Q q 0 0 0 rg BT 176.82 244.55 Td (of ) Tj ET Q q 0 0 0 rg BT 185.48 244.55 Td (common ) Tj ET Q q 0 0 0 rg BT 215.48 244.55 Td (stock ) Tj ET Q q 0 0 0 rg BT 234.37 244.55 Td (ef) Tj ET Q q 0 0 0 rg BT 240.44 244.55 Td (fected ) Tj ET Q q 0 0 0 rg BT 261.98 244.55 Td (on ) Tj ET Q q 0 0 0 rg BT 271.98 244.55 Td (November ) Tj ET Q q 0 0 0 rg BT 307.74 244.55 Td (26, ) Tj ET Q q 0 0 0 rg BT 319.74 244.55 Td (2013.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 228.95 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 92.43 228.95 Td (On ) Tj ET Q q 0 0 0 rg BT 103.85 228.95 Td (August ) Tj ET Q q 0 0 0 rg BT 129.07 228.95 Td (9, ) Tj ET Q q 0 0 0 rg BT 137.18 228.95 Td (2013, ) Tj ET Q q 0 0 0 rg BT 157.28 228.95 Td (we ) Tj ET Q q 0 0 0 rg BT 168.71 228.95 Td (distributed ) Tj ET Q q 0 0 0 rg BT 205.04 228.95 Td (our ) Tj ET Q q 0 0 0 rg BT 217.81 228.95 Td (ownership ) Tj ET Q q 0 0 0 rg BT 253.24 228.95 Td (interests ) Tj ET Q q 0 0 0 rg BT 282.01 228.95 Td (in ) Tj ET Q q 0 0 0 rg BT 290.34 228.95 Td (the ) Tj ET Q q 0 0 0 rg BT 302.21 228.95 Td (parent ) Tj ET Q q 0 0 0 rg BT 324.31 228.95 Td (company ) Tj ET Q q 0 0 0 rg BT 355.74 228.95 Td (of ) Tj ET Q q 0 0 0 rg BT 364.51 228.95 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 388.85 228.95 Td (to ) Tj ET Q q 0 0 0 rg BT 397.18 228.95 Td (HRG. ) Tj ET Q q 0 0 0 rg BT 417.71 228.95 Td (As ) Tj ET Q q 0 0 0 rg BT 428.70 228.95 Td (a ) Tj ET Q q 0 0 0 rg BT 434.36 228.95 Td (result, ) Tj ET Q q 0 0 0 rg BT 456.24 228.95 Td (FSRCI) Tj ET Q q 0 0 0 rg BT 480.70 228.95 Td (s ) Tj ET Q q 0 0 0 rg BT 485.91 228.95 Td (results ) Tj ET Q q 0 0 0 rg BT 508.91 228.95 Td (are ) Tj ET Q q 0 0 0 rg BT 520.78 228.95 Td (not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 219.35 Td (included ) Tj ET Q q 0 0 0 rg BT 110.80 219.35 Td (in ) Tj ET Q q 0 0 0 rg BT 119.27 219.35 Td (our ) Tj ET Q q 0 0 0 rg BT 132.19 219.35 Td (results ) Tj ET Q q 0 0 0 rg BT 155.32 219.35 Td (for ) Tj ET Q q 0 0 0 rg BT 166.90 219.35 Td (any ) Tj ET Q q 0 0 0 rg BT 180.71 219.35 Td (period ) Tj ET Q q 0 0 0 rg BT 203.39 219.35 Td (after ) Tj ET Q q 0 0 0 rg BT 220.30 219.35 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 241.66 219.35 Td (2013. ) Tj ET Q q 0 0 0 rg BT 261.91 219.35 Td (See ) Tj ET Q q 0 0 0 rg BT 275.71 219.35 Td (Management) Tj ET Q q 0 0 0 rg BT 323.25 219.35 Td (s ) Tj ET Q q 0 0 0 rg BT 328.61 219.35 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 365.97 219.35 Td (and ) Tj ET Q q 0 0 0 rg BT 379.28 219.35 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 409.53 219.35 Td (of ) Tj ET Q q 0 0 0 rg BT 418.44 219.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 450.47 219.35 Td (Condition ) Tj ET Q q 0 0 0 rg BT 484.72 219.35 Td (and ) Tj ET Q q 0 0 0 rg BT 498.52 219.35 Td (Results ) Tj ET Q q 0 0 0 rg BT 524.33 219.35 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 209.75 Td (OperationsResults ) Tj ET Q q 0 0 0 rg BT 149.66 209.75 Td (of ) Tj ET Q q 0 0 0 rg BT 158.32 209.75 Td (Operations ) Tj ET Q q 0 0 0 rg BT 198.98 209.75 Td (for ) Tj ET Q q 0 0 0 rg BT 210.30 209.75 Td (further ) Tj ET Q q 0 0 0 rg BT 234.07 209.75 Td (details ) Tj ET Q q 0 0 0 rg BT 256.95 209.75 Td (on ) Tj ET Q q 0 0 0 rg BT 266.95 209.75 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 291.19 209.75 Td (results.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 194.15 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 91.70 194.15 Td (Book ) Tj ET Q q 0 0 0 rg BT 110.85 194.15 Td (value ) Tj ET Q q 0 0 0 rg BT 130.00 194.15 Td (per ) Tj ET Q q 0 0 0 rg BT 142.03 194.15 Td (share ) Tj ET Q q 0 0 0 rg BT 160.73 194.15 Td (excluding ) Tj ET Q q 0 0 0 rg BT 193.69 194.15 Td (AOCI ) Tj ET Q q 0 0 0 rg BT 215.07 194.15 Td (\(a ) Tj ET Q q 0 0 0 rg BT 223.10 194.15 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 259.25 194.15 Td ( ) Tj ET Q q 0 0 0 rg BT 261.07 194.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.87 194.15 Td (measure\) ) Tj ET Q q 0 0 0 rg BT 322.01 194.15 Td (is ) Tj ET Q q 0 0 0 rg BT 329.17 194.15 Td (based ) Tj ET Q q 0 0 0 rg BT 349.20 194.15 Td (on ) Tj ET Q q 0 0 0 rg BT 359.02 194.15 Td (stockholders) Tj ET Q q 0 0 0 rg BT 401.53 194.15 Td ( ) Tj ET Q q 0 0 0 rg BT 403.35 194.15 Td (equity ) Tj ET Q q 0 0 0 rg BT 425.16 194.15 Td (excluding ) Tj ET Q q 0 0 0 rg BT 458.53 194.15 Td (the ) Tj ET Q q 0 0 0 rg BT 470.12 194.15 Td (ef) Tj ET Q q 0 0 0 rg BT 476.19 194.15 Td (fect ) Tj ET Q q 0 0 0 rg BT 490.00 194.15 Td (of ) Tj ET Q q 0 0 0 rg BT 498.08 194.15 Td (AOCI ) Tj ET Q q 0 0 0 rg BT 519.45 194.15 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 184.55 Td (is ) Tj ET Q q 0 0 0 rg BT 88.54 184.55 Td (calculated ) Tj ET Q q 0 0 0 rg BT 123.16 184.55 Td (as ) Tj ET Q q 0 0 0 rg BT 132.03 184.55 Td (total ) Tj ET Q q 0 0 0 rg BT 148.45 184.55 Td (stockholders' ) Tj ET Q q 0 0 0 rg BT 192.54 184.55 Td (equity ) Tj ET Q q 0 0 0 rg BT 214.73 184.55 Td (excluding ) Tj ET Q q 0 0 0 rg BT 248.00 184.55 Td (AOCI ) Tj ET Q q 0 0 0 rg BT 269.76 184.55 Td (divided ) Tj ET Q q 0 0 0 rg BT 295.96 184.55 Td (by ) Tj ET Q q 0 0 0 rg BT 306.16 184.55 Td (the ) Tj ET Q q 0 0 0 rg BT 318.13 184.55 Td (total ) Tj ET Q q 0 0 0 rg BT 334.56 184.55 Td (number ) Tj ET Q q 0 0 0 rg BT 361.20 184.55 Td (of ) Tj ET Q q 0 0 0 rg BT 370.06 184.55 Td (shares ) Tj ET Q q 0 0 0 rg BT 392.26 184.55 Td (of ) Tj ET Q q 0 0 0 rg BT 401.13 184.55 Td (common ) Tj ET Q q 0 0 0 rg BT 431.33 184.55 Td (stock ) Tj ET Q q 0 0 0 rg BT 450.42 184.55 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 491.95 184.55 Td (Since ) Tj ET Q q 0 0 0 rg BT 511.44 184.55 Td (AOCI ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 174.95 Td (fluctuates ) Tj ET Q q 0 0 0 rg BT 114.38 174.95 Td (from ) Tj ET Q q 0 0 0 rg BT 132.22 174.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 157.16 174.95 Td (to ) Tj ET Q q 0 0 0 rg BT 165.67 174.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 190.61 174.95 Td (due ) Tj ET Q q 0 0 0 rg BT 204.45 174.95 Td (to ) Tj ET Q q 0 0 0 rg BT 212.96 174.95 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 248.56 174.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 276.61 174.95 Td (in ) Tj ET Q q 0 0 0 rg BT 285.12 174.95 Td (the ) Tj ET Q q 0 0 0 rg BT 297.18 174.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 310.57 174.95 Td (value ) Tj ET Q q 0 0 0 rg BT 330.18 174.95 Td (of ) Tj ET Q q 0 0 0 rg BT 339.13 174.95 Td (available ) Tj ET Q q 0 0 0 rg BT 370.29 174.95 Td (for ) Tj ET Q q 0 0 0 rg BT 381.91 174.95 Td (sale ) Tj ET Q q 0 0 0 rg BT 396.63 174.95 Td (investments, ) Tj ET Q q 0 0 0 rg BT 439.14 174.95 Td (we ) Tj ET Q q 0 0 0 rg BT 450.75 174.95 Td (believe ) Tj ET Q q 0 0 0 rg BT 476.14 174.95 Td (these ) Tj ET Q q 0 0 0 rg BT 494.86 174.95 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 531.01 174.95 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 165.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 110.98 165.35 Td (measures ) Tj ET Q q 0 0 0 rg BT 142.75 165.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 169.19 165.35 Td (useful ) Tj ET Q q 0 0 0 rg BT 190.74 165.35 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 235.39 165.35 Td (information.) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Item7. ) Tj ET Q q 0 0 0 rg BT 113.49 735.75 Td ( ) Tj ET Q q 0 0 0 rg BT 115.99 735.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 118.49 735.75 Td (Management) Tj ET Q q 0 0 0 rg BT 175.53 735.75 Td (s ) Tj ET Q q 0 0 0 rg BT 181.92 735.75 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 229.43 735.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.12 735.75 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 284.63 735.75 Td (of ) Tj ET Q q 0 0 0 rg BT 295.46 735.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 338.53 735.75 Td (Condition ) Tj ET Q q 0 0 0 rg BT 382.16 735.75 Td (and ) Tj ET Q q 0 0 0 rg BT 400.22 735.75 Td (Results ) Tj ET Q q 0 0 0 rg BT 432.73 735.75 Td (of ) Tj ET Q q 0 0 0 rg BT 443.56 735.75 Td (Operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 709.35 Td ( ) Tj ET Q q 0 0 0 rg BT 83.50 709.35 Td (Intr) Tj ET Q q 0 0 0 rg BT 100.54 709.35 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 692.35 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 692.35 Td (This ) Tj ET Q q 0 0 0 rg BT 138.61 692.35 Td (Management) Tj ET Q q 0 0 0 rg BT 198.03 692.35 Td (s ) Tj ET Q q 0 0 0 rg BT 205.76 692.35 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 253.49 692.35 Td (and ) Tj ET Q q 0 0 0 rg BT 270.91 692.35 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 309.75 692.35 Td (of ) Tj ET Q q 0 0 0 rg BT 321.91 692.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 362.96 692.35 Td (Condition ) Tj ET Q q 0 0 0 rg BT 406.80 692.35 Td (and ) Tj ET Q q 0 0 0 rg BT 425.07 692.35 Td (Results ) Tj ET Q q 0 0 0 rg BT 458.36 692.35 Td (of ) Tj ET Q q 0 0 0 rg BT 470.52 692.35 Td (Operations ) Tj ET Q q 0 0 0 rg BT 522.67 692.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 680.35 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 114.72 680.35 Td (& ) Tj ET Q q 0 0 0 rg BT 125.10 680.35 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 164.91 680.35 Td (Life ) Tj ET Q q 0 0 0 rg BT 184.16 680.35 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 202.04 680.35 Td (\(FGL, ) Tj ET Q q 0 0 0 rg BT 238.24 680.35 Td (we, ) Tj ET Q q 0 0 0 rg BT 263.88 680.35 Td (us, ) Tj ET Q q 0 0 0 rg BT 286.75 680.35 Td (our ) Tj ET Q q 0 0 0 rg BT 311.56 680.35 Td (and, ) Tj ET Q q 0 0 0 rg BT 331.10 680.35 Td (collectively ) Tj ET Q q 0 0 0 rg BT 380.35 680.35 Td (with ) Tj ET Q q 0 0 0 rg BT 400.73 680.35 Td (its ) Tj ET Q q 0 0 0 rg BT 412.78 680.35 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 465.10 680.35 Td (the ) Tj ET Q q 0 0 0 rg BT 479.92 680.35 Td (Company\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 668.35 Td (should ) Tj ET Q q 0 0 0 rg BT 109.35 668.35 Td (be ) Tj ET Q q 0 0 0 rg BT 120.46 668.35 Td (read ) Tj ET Q q 0 0 0 rg BT 139.35 668.35 Td (in ) Tj ET Q q 0 0 0 rg BT 148.80 668.35 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 197.69 668.35 Td (with ) Tj ET Q q 0 0 0 rg BT 217.15 668.35 Td (Item ) Tj ET Q q 0 0 0 rg BT 241.59 668.35 Td (6. ) Tj ET Q q 0 0 0 rg BT 250.77 668.35 Td (Selected ) Tj ET Q q 0 0 0 rg BT 286.31 668.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 325.20 668.35 Td (Data, ) Tj ET Q q 0 0 0 rg BT 352.70 668.35 Td (and ) Tj ET Q q 0 0 0 rg BT 368.81 668.35 Td (our ) Tj ET Q q 0 0 0 rg BT 383.82 668.35 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 443.81 668.35 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 496.03 668.35 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 124.99 656.35 Td (and ) Tj ET Q q 0 0 0 rg BT 141.20 656.35 Td (related ) Tj ET Q q 0 0 0 rg BT 170.18 656.35 Td (notes ) Tj ET Q q 0 0 0 rg BT 193.07 656.35 Td (\(the ) Tj ET Q q 0 0 0 rg BT 210.39 656.35 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 269.38 656.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 308.37 656.35 Td (Statements\) ) Tj ET Q q 0 0 0 rg BT 361.79 656.35 Td (referred ) Tj ET Q q 0 0 0 rg BT 395.21 656.35 Td (to ) Tj ET Q q 0 0 0 rg BT 404.76 656.35 Td (in ) Tj ET Q q 0 0 0 rg BT 414.31 656.35 Td (Item ) Tj ET Q q 0 0 0 rg BT 438.85 656.35 Td (8. ) Tj ET Q q 0 0 0 rg BT 448.13 656.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 487.12 656.35 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 644.35 Td (and ) Tj ET Q q 0 0 0 rg BT 98.14 644.35 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 161.38 644.35 Td (Data ) Tj ET Q q 0 0 0 rg BT 187.40 644.35 Td (of ) Tj ET Q q 0 0 0 rg BT 198.43 644.35 Td (this ) Tj ET Q q 0 0 0 rg BT 214.99 644.35 Td (Annual ) Tj ET Q q 0 0 0 rg BT 247.13 644.35 Td (Report ) Tj ET Q q 0 0 0 rg BT 277.04 644.35 Td (on ) Tj ET Q q 0 0 0 rg BT 289.75 644.35 Td (Form ) Tj ET Q q 0 0 0 rg BT 314.12 644.35 Td (10-K ) Tj ET Q q 0 0 0 rg BT 337.37 644.35 Td (\(the ) Tj ET Q q 0 0 0 rg BT 355.62 644.35 Td (Form ) Tj ET Q q 0 0 0 rg BT 384.43 644.35 Td (10-K\). ) Tj ET Q q 0 0 0 rg BT 417.95 644.35 Td (Certain ) Tj ET Q q 0 0 0 rg BT 450.09 644.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 495.00 644.35 Td (we ) Tj ET Q q 0 0 0 rg BT 509.36 644.35 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 632.35 Td (under ) Tj ET Q q 0 0 0 rg BT 106.56 632.35 Td (this ) Tj ET Q q 0 0 0 rg BT 123.80 632.35 Td (Item ) Tj ET Q q 0 0 0 rg BT 144.91 632.35 Td (7 ) Tj ET Q q 0 0 0 rg BT 152.70 632.35 Td (constitute ) Tj ET Q q 0 0 0 rg BT 194.38 632.35 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 267.14 632.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 316.58 632.35 Td (under ) Tj ET Q q 0 0 0 rg BT 342.14 632.35 Td (the ) Tj ET Q q 0 0 0 rg BT 357.15 632.35 Td (Private ) Tj ET Q q 0 0 0 rg BT 388.27 632.35 Td (Securities ) Tj ET Q q 0 0 0 rg BT 430.49 632.35 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 472.72 632.35 Td (Reform ) Tj ET Q q 0 0 0 rg BT 505.44 632.35 Td (Act ) Tj ET Q q 0 0 0 rg BT 522.67 632.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.35 Td (1995. ) Tj ET Q q 0 0 0 rg BT 106.14 620.35 Td (See ) Tj ET Q q 0 0 0 rg BT 123.21 620.35 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 201.38 620.35 Td (Statements ) Tj ET Q q 0 0 0 rg BT 252.34 620.35 Td (at ) Tj ET Q q 0 0 0 rg BT 262.19 620.35 Td (the ) Tj ET Q q 0 0 0 rg BT 277.04 620.35 Td (beginning ) Tj ET Q q 0 0 0 rg BT 319.67 620.35 Td (of ) Tj ET Q q 0 0 0 rg BT 330.64 620.35 Td (Part ) Tj ET Q q 0 0 0 rg BT 349.38 620.35 Td (I ) Tj ET Q q 0 0 0 rg BT 355.35 620.35 Td (of ) Tj ET Q q 0 0 0 rg BT 366.32 620.35 Td (this ) Tj ET Q q 0 0 0 rg BT 383.40 620.35 Td (Form ) Tj ET Q q 0 0 0 rg BT 407.71 620.35 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 433.00 620.35 Td (Y) Tj ET Q q 0 0 0 rg BT 439.22 620.35 Td (ou ) Tj ET Q q 0 0 0 rg BT 451.86 620.35 Td (should ) Tj ET Q q 0 0 0 rg BT 481.16 620.35 Td (consider ) Tj ET Q q 0 0 0 rg BT 517.68 620.35 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 608.35 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 150.16 608.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 195.99 608.35 Td (in ) Tj ET Q q 0 0 0 rg BT 207.39 608.35 Td (light ) Tj ET Q q 0 0 0 rg BT 229.34 608.35 Td (of ) Tj ET Q q 0 0 0 rg BT 241.29 608.35 Td (our ) Tj ET Q q 0 0 0 rg BT 258.24 608.35 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 314.63 608.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 355.46 608.35 Td (Statements ) Tj ET Q q 0 0 0 rg BT 402.97 608.35 Td (and ) Tj ET Q q 0 0 0 rg BT 421.02 608.35 Td (other ) Tj ET Q q 0 0 0 rg BT 445.19 608.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 483.79 608.35 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 596.35 Td (appearing ) Tj ET Q q 0 0 0 rg BT 123.10 596.35 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 165.76 596.35 Td (in ) Tj ET Q q 0 0 0 rg BT 176.22 596.35 Td (this ) Tj ET Q q 0 0 0 rg BT 193.35 596.35 Td (Form ) Tj ET Q q 0 0 0 rg BT 217.70 596.35 Td (10-K ) Tj ET Q q 0 0 0 rg BT 240.93 596.35 Td (and ) Tj ET Q q 0 0 0 rg BT 258.05 596.35 Td (our ) Tj ET Q q 0 0 0 rg BT 274.06 596.35 Td (other ) Tj ET Q q 0 0 0 rg BT 297.29 596.35 Td (filings ) Tj ET Q q 0 0 0 rg BT 325.53 596.35 Td (with ) Tj ET Q q 0 0 0 rg BT 345.99 596.35 Td (the ) Tj ET Q q 0 0 0 rg BT 360.88 596.35 Td (Securities ) Tj ET Q q 0 0 0 rg BT 403.00 596.35 Td (and ) Tj ET Q q 0 0 0 rg BT 420.12 596.35 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 462.22 596.35 Td (Commission ) Tj ET Q q 0 0 0 rg BT 515.47 596.35 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 584.35 Td (SEC\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 565.35 Td (All ) Tj ET Q q 0 0 0 rg BT 119.32 565.35 Td (references ) Tj ET Q q 0 0 0 rg BT 163.44 565.35 Td (to ) Tj ET Q q 0 0 0 rg BT 174.27 565.35 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.20 565.35 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.20 565.35 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.75 565.35 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.75 565.35 Td ( ) Tj ET Q q 0 0 0 rg BT 249.79 565.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.28 565.35 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.28 565.35 Td ( ) Tj ET Q q 0 0 0 rg BT 290.32 565.35 Td (refer ) Tj ET Q q 0 0 0 rg BT 312.24 565.35 Td (to ) Tj ET Q q 0 0 0 rg BT 323.06 565.35 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 347.76 565.35 Td (periods ) Tj ET Q q 0 0 0 rg BT 380.25 565.35 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.17 565.35 Td (September30, ) Tj ET Q q 0 0 0 rg BT 467.98 565.35 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.98 565.35 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.52 565.35 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.52 565.35 Td ( ) Tj ET Q q 0 0 0 rg BT 516.57 565.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 553.35 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 553.35 Td (, ) Tj ET Q q 0 0 0 rg BT 106.00 553.35 Td (respectively) Tj ET Q q 0 0 0 rg BT 153.66 553.35 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 532.35 Td (Overview ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 513.35 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 513.35 Td (e ) Tj ET Q q 0 0 0 rg BT 120.20 513.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 152.88 513.35 Td (our ) Tj ET Q q 0 0 0 rg BT 168.34 513.35 Td (principal ) Tj ET Q q 0 0 0 rg BT 206.01 513.35 Td (life ) Tj ET Q q 0 0 0 rg BT 221.46 513.35 Td (and ) Tj ET Q q 0 0 0 rg BT 238.03 513.35 Td (annuity ) Tj ET Q q 0 0 0 rg BT 270.15 513.35 Td (products ) Tj ET Q q 0 0 0 rg BT 306.72 513.35 Td (through ) Tj ET Q q 0 0 0 rg BT 339.95 513.35 Td (our ) Tj ET Q q 0 0 0 rg BT 355.41 513.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 395.85 513.35 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 445.20 513.35 Td (- ) Tj ET Q q 0 0 0 rg BT 450.66 513.35 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 483.90 513.35 Td (& ) Tj ET Q q 0 0 0 rg BT 493.80 513.35 Td (Guaranty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 501.35 Td (Life ) Tj ET Q q 0 0 0 rg BT 99.39 501.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 139.99 501.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.61 501.35 Td (\("FGL) Tj ET Q q 0 0 0 rg BT 206.54 501.35 Td ( ) Tj ET Q q 0 0 0 rg BT 208.28 501.35 Td (Insurance"\) ) Tj ET Q q 0 0 0 rg BT 256.29 501.35 Td (and ) Tj ET Q q 0 0 0 rg BT 272.46 501.35 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 305.31 501.35 Td (& ) Tj ET Q q 0 0 0 rg BT 314.82 501.35 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 353.76 501.35 Td (Life ) Tj ET Q q 0 0 0 rg BT 372.15 501.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 412.75 501.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 453.37 501.35 Td (of ) Tj ET Q q 0 0 0 rg BT 463.43 501.35 Td (New ) Tj ET Q q 0 0 0 rg BT 483.79 501.35 Td (Y) Tj ET Q q 0 0 0 rg BT 490.01 501.35 Td (ork ) Tj ET Q q 0 0 0 rg BT 505.07 501.35 Td (\("FGL) Tj ET Q q 0 0 0 rg BT 531.01 501.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 489.35 Td (NY) Tj ET Q q 0 0 0 rg BT 95.07 489.35 Td ( ) Tj ET Q q 0 0 0 rg BT 97.82 489.35 Td (Insurance"\). ) Tj ET Q q 0 0 0 rg BT 149.35 489.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 167.65 489.35 Td (customers ) Tj ET Q q 0 0 0 rg BT 210.94 489.35 Td (range ) Tj ET Q q 0 0 0 rg BT 235.90 489.35 Td (across ) Tj ET Q q 0 0 0 rg BT 263.64 489.35 Td (a ) Tj ET Q q 0 0 0 rg BT 270.82 489.35 Td (variety ) Tj ET Q q 0 0 0 rg BT 301.33 489.35 Td (of ) Tj ET Q q 0 0 0 rg BT 312.41 489.35 Td (age ) Tj ET Q q 0 0 0 rg BT 329.04 489.35 Td (groups ) Tj ET Q q 0 0 0 rg BT 359.01 489.35 Td (and ) Tj ET Q q 0 0 0 rg BT 376.19 489.35 Td (are ) Tj ET Q q 0 0 0 rg BT 391.15 489.35 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 444.98 489.35 Td (in ) Tj ET Q q 0 0 0 rg BT 455.50 489.35 Td (the ) Tj ET Q q 0 0 0 rg BT 470.47 489.35 Td (middle-income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 477.35 Td (market. ) Tj ET Q q 0 0 0 rg BT 113.34 477.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 130.97 477.35 Td (fixed ) Tj ET Q q 0 0 0 rg BT 153.59 477.35 Td (indexed ) Tj ET Q q 0 0 0 rg BT 187.32 477.35 Td (annuities ) Tj ET Q q 0 0 0 rg BT 225.50 477.35 Td (\(FIAs\) ) Tj ET Q q 0 0 0 rg BT 263.11 477.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 295.74 477.35 Td (for ) Tj ET Q q 0 0 0 rg BT 309.47 477.35 Td (pre-retirement ) Tj ET Q q 0 0 0 rg BT 368.73 477.35 Td (wealth ) Tj ET Q q 0 0 0 rg BT 397.46 477.35 Td (accumulation ) Tj ET Q q 0 0 0 rg BT 453.41 477.35 Td (and ) Tj ET Q q 0 0 0 rg BT 469.92 477.35 Td (post-retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 465.35 Td (income ) Tj ET Q q 0 0 0 rg BT 113.57 465.35 Td (management. ) Tj ET Q q 0 0 0 rg BT 170.30 465.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 188.99 465.35 Td (life ) Tj ET Q q 0 0 0 rg BT 205.45 465.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 246.90 465.35 Td (provides ) Tj ET Q q 0 0 0 rg BT 284.48 465.35 Td (wealth ) Tj ET Q q 0 0 0 rg BT 314.27 465.35 Td (protection ) Tj ET Q q 0 0 0 rg BT 357.95 465.35 Td (and ) Tj ET Q q 0 0 0 rg BT 375.52 465.35 Td (transfer ) Tj ET Q q 0 0 0 rg BT 409.20 465.35 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 465.11 465.35 Td (through ) Tj ET Q q 0 0 0 rg BT 499.35 465.35 Td (indexed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 453.35 Td (universal ) Tj ET Q q 0 0 0 rg BT 122.09 453.35 Td (life ) Tj ET Q q 0 0 0 rg BT 139.84 453.35 Td (products. ) Tj ET Q q 0 0 0 rg BT 181.21 453.35 Td (Life ) Tj ET Q q 0 0 0 rg BT 202.30 453.35 Td (and ) Tj ET Q q 0 0 0 rg BT 221.17 453.35 Td (annuity ) Tj ET Q q 0 0 0 rg BT 255.59 453.35 Td (products ) Tj ET Q q 0 0 0 rg BT 294.46 453.35 Td (are ) Tj ET Q q 0 0 0 rg BT 311.10 453.35 Td (primarily ) Tj ET Q q 0 0 0 rg BT 352.75 453.35 Td (distributed ) Tj ET Q q 0 0 0 rg BT 399.95 453.35 Td (through ) Tj ET Q q 0 0 0 rg BT 435.49 453.35 Td (Independent ) Tj ET Q q 0 0 0 rg BT 489.34 453.35 Td (Marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 441.35 Td (Or) Tj ET Q q 0 0 0 rg BT 91.37 441.35 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 139.41 441.35 Td (\("IMOs"\) ) Tj ET Q q 0 0 0 rg BT 180.07 441.35 Td (and ) Tj ET Q q 0 0 0 rg BT 197.01 441.35 Td (independent ) Tj ET Q q 0 0 0 rg BT 248.38 441.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 289.20 441.35 Td (agents. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 422.35 Td (In ) Tj ET Q q 0 0 0 rg BT 115.37 422.35 Td (setting ) Tj ET Q q 0 0 0 rg BT 144.08 422.35 Td (the ) Tj ET Q q 0 0 0 rg BT 158.34 422.35 Td (features ) Tj ET Q q 0 0 0 rg BT 192.03 422.35 Td (and ) Tj ET Q q 0 0 0 rg BT 208.51 422.35 Td (pricing ) Tj ET Q q 0 0 0 rg BT 238.88 422.35 Td (new ) Tj ET Q q 0 0 0 rg BT 257.59 422.35 Td (FIA) Tj ET Q q 0 0 0 rg BT 273.15 422.35 Td ( ) Tj ET Q q 0 0 0 rg BT 275.19 422.35 Td (products ) Tj ET Q q 0 0 0 rg BT 311.67 422.35 Td (relative ) Tj ET Q q 0 0 0 rg BT 343.70 422.35 Td (to ) Tj ET Q q 0 0 0 rg BT 353.52 422.35 Td (our ) Tj ET Q q 0 0 0 rg BT 368.89 422.35 Td (tar) Tj ET Q q 0 0 0 rg BT 379.26 422.35 Td (geted ) Tj ET Q q 0 0 0 rg BT 402.96 422.35 Td (net ) Tj ET Q q 0 0 0 rg BT 417.22 422.35 Td (mar) Tj ET Q q 0 0 0 rg BT 432.58 422.35 Td (gin, ) Tj ET Q q 0 0 0 rg BT 449.90 422.35 Td (we ) Tj ET Q q 0 0 0 rg BT 463.61 422.35 Td (take ) Tj ET Q q 0 0 0 rg BT 482.31 422.35 Td (into ) Tj ET Q q 0 0 0 rg BT 499.91 422.35 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 410.35 Td (our ) Tj ET Q q 0 0 0 rg BT 96.82 410.35 Td (expectations ) Tj ET Q q 0 0 0 rg BT 149.28 410.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 190.09 410.35 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 204.23 410.35 Td (net ) Tj ET Q q 0 0 0 rg BT 218.94 410.35 Td (investment ) Tj ET Q q 0 0 0 rg BT 265.31 410.35 Td (spread, ) Tj ET Q q 0 0 0 rg BT 296.39 410.35 Td (which ) Tj ET Q q 0 0 0 rg BT 323.32 410.35 Td (is ) Tj ET Q q 0 0 0 rg BT 332.47 410.35 Td (the ) Tj ET Q q 0 0 0 rg BT 347.18 410.35 Td (dif) Tj ET Q q 0 0 0 rg BT 358.10 410.35 Td (ference ) Tj ET Q q 0 0 0 rg BT 390.01 410.35 Td (between ) Tj ET Q q 0 0 0 rg BT 425.81 410.35 Td (the ) Tj ET Q q 0 0 0 rg BT 440.51 410.35 Td (net ) Tj ET Q q 0 0 0 rg BT 455.21 410.35 Td (investment ) Tj ET Q q 0 0 0 rg BT 501.58 410.35 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 398.35 Td (we ) Tj ET Q q 0 0 0 rg BT 95.23 398.35 Td (earn ) Tj ET Q q 0 0 0 rg BT 115.01 398.35 Td (and ) Tj ET Q q 0 0 0 rg BT 132.02 398.35 Td (the ) Tj ET Q q 0 0 0 rg BT 146.81 398.35 Td (sum ) Tj ET Q q 0 0 0 rg BT 166.05 398.35 Td (of ) Tj ET Q q 0 0 0 rg BT 176.96 398.35 Td (the ) Tj ET Q q 0 0 0 rg BT 191.75 398.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 223.75 398.35 Td (credited ) Tj ET Q q 0 0 0 rg BT 258.53 398.35 Td (to ) Tj ET Q q 0 0 0 rg BT 268.88 398.35 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 325.88 398.35 Td (and ) Tj ET Q q 0 0 0 rg BT 342.89 398.35 Td (the ) Tj ET Q q 0 0 0 rg BT 357.68 398.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 376.36 398.35 Td (of ) Tj ET Q q 0 0 0 rg BT 387.26 398.35 Td (hedging ) Tj ET Q q 0 0 0 rg BT 422.05 398.35 Td (our ) Tj ET Q q 0 0 0 rg BT 437.96 398.35 Td (risk ) Tj ET Q q 0 0 0 rg BT 455.53 398.35 Td (on ) Tj ET Q q 0 0 0 rg BT 468.10 398.35 Td (the ) Tj ET Q q 0 0 0 rg BT 482.89 398.35 Td (policies; ) Tj ET Q q 0 0 0 rg BT 519.34 398.35 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 386.35 Td (fees, ) Tj ET Q q 0 0 0 rg BT 102.41 386.35 Td (including ) Tj ET Q q 0 0 0 rg BT 142.99 386.35 Td (surrender ) Tj ET Q q 0 0 0 rg BT 183.56 386.35 Td (char) Tj ET Q q 0 0 0 rg BT 200.58 386.35 Td (ges ) Tj ET Q q 0 0 0 rg BT 216.72 386.35 Td (and ) Tj ET Q q 0 0 0 rg BT 233.97 386.35 Td (rider ) Tj ET Q q 0 0 0 rg BT 255.66 386.35 Td (fees, ) Tj ET Q q 0 0 0 rg BT 277.06 386.35 Td (partly ) Tj ET Q q 0 0 0 rg BT 303.20 386.35 Td (of) Tj ET Q q 0 0 0 rg BT 311.35 386.35 Td (fset ) Tj ET Q q 0 0 0 rg BT 328.60 386.35 Td (by ) Tj ET Q q 0 0 0 rg BT 341.41 386.35 Td (vesting ) Tj ET Q q 0 0 0 rg BT 373.10 386.35 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 408.13 386.35 Td (that ) Tj ET Q q 0 0 0 rg BT 425.94 386.35 Td (we ) Tj ET Q q 0 0 0 rg BT 440.41 386.35 Td (pay ) Tj ET Q q 0 0 0 rg BT 457.65 386.35 Td (our ) Tj ET Q q 0 0 0 rg BT 473.79 386.35 Td (policyholders; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 374.35 Td (and ) Tj ET Q q 0 0 0 rg BT 100.17 374.35 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 116.56 374.35 Td (a ) Tj ET Q q 0 0 0 rg BT 125.73 374.35 Td (number ) Tj ET Q q 0 0 0 rg BT 161.01 374.35 Td (of ) Tj ET Q q 0 0 0 rg BT 174.07 374.35 Td (related ) Tj ET Q q 0 0 0 rg BT 206.01 374.35 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 249.34 374.35 Td (including ) Tj ET Q q 0 0 0 rg BT 291.84 374.35 Td (benefits ) Tj ET Q q 0 0 0 rg BT 328.23 374.35 Td (and ) Tj ET Q q 0 0 0 rg BT 347.40 374.35 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 387.39 374.35 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 436.01 374.35 Td (costs, ) Tj ET Q q 0 0 0 rg BT 463.24 374.35 Td (and ) Tj ET Q q 0 0 0 rg BT 482.41 374.35 Td (general ) Tj ET Q q 0 0 0 rg BT 516.56 374.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 362.35 Td (administrative ) Tj ET Q q 0 0 0 rg BT 140.71 362.35 Td (expenses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 335.95 Td (T) Tj ET Q q 0 0 0 rg BT 86.93 335.95 Td (r) Tj ET Q q 0 0 0 rg BT 91.19 335.95 Td (ends ) Tj ET Q q 0 0 0 rg BT 113.14 335.95 Td (and ) Tj ET Q q 0 0 0 rg BT 131.76 335.95 Td (Uncertainties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 316.95 Td (The ) Tj ET Q q 0 0 0 rg BT 121.99 316.95 Td (following ) Tj ET Q q 0 0 0 rg BT 162.33 316.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 190.98 316.95 Td (represent ) Tj ET Q q 0 0 0 rg BT 229.08 316.95 Td (some ) Tj ET Q q 0 0 0 rg BT 251.63 316.95 Td (of ) Tj ET Q q 0 0 0 rg BT 261.41 316.95 Td (the ) Tj ET Q q 0 0 0 rg BT 275.08 316.95 Td (key ) Tj ET Q q 0 0 0 rg BT 290.96 316.95 Td (trends ) Tj ET Q q 0 0 0 rg BT 316.85 316.95 Td (and ) Tj ET Q q 0 0 0 rg BT 332.73 316.95 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 385.27 316.95 Td (that ) Tj ET Q q 0 0 0 rg BT 401.71 316.95 Td (have ) Tj ET Q q 0 0 0 rg BT 422.04 316.95 Td (influenced ) Tj ET Q q 0 0 0 rg BT 465.69 316.95 Td (the ) Tj ET Q q 0 0 0 rg BT 479.35 316.95 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 304.95 Td (of ) Tj ET Q q 0 0 0 rg BT 91.20 304.95 Td (our ) Tj ET Q q 0 0 0 rg BT 106.40 304.95 Td (business ) Tj ET Q q 0 0 0 rg BT 142.17 304.95 Td (and ) Tj ET Q q 0 0 0 rg BT 158.48 304.95 Td (our ) Tj ET Q q 0 0 0 rg BT 173.68 304.95 Td (historical ) Tj ET Q q 0 0 0 rg BT 212.76 304.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 249.61 304.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 302.01 304.95 Td (and ) Tj ET Q q 0 0 0 rg BT 318.32 304.95 Td (that ) Tj ET Q q 0 0 0 rg BT 335.18 304.95 Td (we ) Tj ET Q q 0 0 0 rg BT 348.72 304.95 Td (believe ) Tj ET Q q 0 0 0 rg BT 379.46 304.95 Td (will ) Tj ET Q q 0 0 0 rg BT 396.89 304.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 433.19 304.95 Td (to ) Tj ET Q q 0 0 0 rg BT 442.84 304.95 Td (influence ) Tj ET Q q 0 0 0 rg BT 481.92 304.95 Td (our ) Tj ET Q q 0 0 0 rg BT 497.12 304.95 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 292.95 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 292.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 135.42 292.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 188.44 292.95 Td (in ) Tj ET Q q 0 0 0 rg BT 198.72 292.95 Td (the ) Tj ET Q q 0 0 0 rg BT 213.44 292.95 Td (future. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 267.45 Td (Market ) Tj ET Q q 0 0 0 rg BT 125.50 267.45 Td (Conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 250.95 Td (Market ) Tj ET Q q 0 0 0 rg BT 136.13 250.95 Td (volatility ) Tj ET Q q 0 0 0 rg BT 174.49 250.95 Td (has ) Tj ET Q q 0 0 0 rg BT 190.07 250.95 Td (af) Tj ET Q q 0 0 0 rg BT 197.65 250.95 Td (fected ) Tj ET Q q 0 0 0 rg BT 224.33 250.95 Td (and ) Tj ET Q q 0 0 0 rg BT 241.02 250.95 Td (may ) Tj ET Q q 0 0 0 rg BT 260.48 250.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 297.17 250.95 Td (to ) Tj ET Q q 0 0 0 rg BT 307.19 250.95 Td (af) Tj ET Q q 0 0 0 rg BT 314.78 250.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 332.02 250.95 Td (our ) Tj ET Q q 0 0 0 rg BT 347.60 250.95 Td (business ) Tj ET Q q 0 0 0 rg BT 383.74 250.95 Td (and ) Tj ET Q q 0 0 0 rg BT 400.43 250.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.66 250.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 490.43 250.95 Td (in ) Tj ET Q q 0 0 0 rg BT 500.46 250.95 Td (varying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 238.95 Td (ways. ) Tj ET Q q 0 0 0 rg BT 105.32 238.95 Td (V) Tj ET Q q 0 0 0 rg BT 111.25 238.95 Td (olatility ) Tj ET Q q 0 0 0 rg BT 143.72 238.95 Td (can ) Tj ET Q q 0 0 0 rg BT 158.96 238.95 Td (pressure ) Tj ET Q q 0 0 0 rg BT 193.64 238.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 214.44 238.95 Td (and ) Tj ET Q q 0 0 0 rg BT 230.24 238.95 Td (reduce ) Tj ET Q q 0 0 0 rg BT 258.25 238.95 Td (demand ) Tj ET Q q 0 0 0 rg BT 291.27 238.95 Td (as ) Tj ET Q q 0 0 0 rg BT 300.96 238.95 Td (consumers ) Tj ET Q q 0 0 0 rg BT 345.09 238.95 Td (hesitate ) Tj ET Q q 0 0 0 rg BT 377.00 238.95 Td (to ) Tj ET Q q 0 0 0 rg BT 386.14 238.95 Td (make ) Tj ET Q q 0 0 0 rg BT 409.15 238.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 445.50 238.95 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 486.48 238.95 Td (T) Tj ET Q q 0 0 0 rg BT 491.89 238.95 Td (o ) Tj ET Q q 0 0 0 rg BT 498.25 238.95 Td (enhance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 226.95 Td (the ) Tj ET Q q 0 0 0 rg BT 97.13 226.95 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 155.47 226.95 Td (and ) Tj ET Q q 0 0 0 rg BT 173.82 226.95 Td (profitability ) Tj ET Q q 0 0 0 rg BT 225.50 226.95 Td (of ) Tj ET Q q 0 0 0 rg BT 237.75 226.95 Td (our ) Tj ET Q q 0 0 0 rg BT 255.00 226.95 Td (products ) Tj ET Q q 0 0 0 rg BT 293.35 226.95 Td (and ) Tj ET Q q 0 0 0 rg BT 311.70 226.95 Td (services, ) Tj ET Q q 0 0 0 rg BT 350.33 226.95 Td (we ) Tj ET Q q 0 0 0 rg BT 365.90 226.95 Td (continually ) Tj ET Q q 0 0 0 rg BT 414.81 226.95 Td (monitor ) Tj ET Q q 0 0 0 rg BT 450.39 226.95 Td (the ) Tj ET Q q 0 0 0 rg BT 466.52 226.95 Td (behavior ) Tj ET Q q 0 0 0 rg BT 505.42 226.95 Td (of ) Tj ET Q q 0 0 0 rg BT 517.67 226.95 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 214.95 Td (customers, ) Tj ET Q q 0 0 0 rg BT 127.50 214.95 Td (as ) Tj ET Q q 0 0 0 rg BT 139.28 214.95 Td (evidenced ) Tj ET Q q 0 0 0 rg BT 183.27 214.95 Td (by ) Tj ET Q q 0 0 0 rg BT 196.72 214.95 Td (mortality ) Tj ET Q q 0 0 0 rg BT 236.84 214.95 Td (rates, ) Tj ET Q q 0 0 0 rg BT 261.67 214.95 Td (morbidity ) Tj ET Q q 0 0 0 rg BT 304.56 214.95 Td (rates, ) Tj ET Q q 0 0 0 rg BT 329.40 214.95 Td (annuitization ) Tj ET Q q 0 0 0 rg BT 385.06 214.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 407.39 214.95 Td (and ) Tj ET Q q 0 0 0 rg BT 425.28 214.95 Td (lapse ) Tj ET Q q 0 0 0 rg BT 449.28 214.95 Td (rates, ) Tj ET Q q 0 0 0 rg BT 474.11 214.95 Td (which ) Tj ET Q q 0 0 0 rg BT 502.00 214.95 Td (vary ) Tj ET Q q 0 0 0 rg BT 523.22 214.95 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 202.95 Td (response ) Tj ET Q q 0 0 0 rg BT 118.49 202.95 Td (to ) Tj ET Q q 0 0 0 rg BT 128.77 202.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 163.48 202.95 Td (in ) Tj ET Q q 0 0 0 rg BT 173.75 202.95 Td (market ) Tj ET Q q 0 0 0 rg BT 204.02 202.95 Td (conditions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 177.45 Td (Interest ) Tj ET Q q 0 0 0 rg BT 127.17 177.45 Td (Rate ) Tj ET Q q 0 0 0 rg BT 148.56 177.45 Td (Environment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 156.45 Td (Some ) Tj ET Q q 0 0 0 rg BT 130.72 156.45 Td (of ) Tj ET Q q 0 0 0 rg BT 141.98 156.45 Td (our ) Tj ET Q q 0 0 0 rg BT 158.25 156.45 Td (products ) Tj ET Q q 0 0 0 rg BT 195.63 156.45 Td (include ) Tj ET Q q 0 0 0 rg BT 228.00 156.45 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 274.79 156.45 Td (minimum ) Tj ET Q q 0 0 0 rg BT 316.62 156.45 Td (crediting ) Tj ET Q q 0 0 0 rg BT 355.10 156.45 Td (rates, ) Tj ET Q q 0 0 0 rg BT 379.42 156.45 Td (most ) Tj ET Q q 0 0 0 rg BT 401.80 156.45 Td (notably ) Tj ET Q q 0 0 0 rg BT 434.73 156.45 Td (our ) Tj ET Q q 0 0 0 rg BT 451.00 156.45 Td (fixed ) Tj ET Q q 0 0 0 rg BT 474.48 156.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 492.41 156.45 Td (annuities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 144.45 Td (As ) Tj ET Q q 0 0 0 rg BT 94.13 144.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.47 144.45 Td (September30, ) Tj ET Q q 0 0 0 rg BT 164.24 144.45 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.24 144.45 Td (, ) Tj ET Q q 0 0 0 rg BT 188.75 144.45 Td (the ) Tj ET Q q 0 0 0 rg BT 202.98 144.45 Td (Company's ) Tj ET Q q 0 0 0 rg BT 249.57 144.45 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 286.84 144.45 Td (net ) Tj ET Q q 0 0 0 rg BT 301.07 144.45 Td (of ) Tj ET Q q 0 0 0 rg BT 311.42 144.45 Td (reinsurance, ) Tj ET Q q 0 0 0 rg BT 362.01 144.45 Td (and ) Tj ET Q q 0 0 0 rg BT 378.46 144.45 Td (average ) Tj ET Q q 0 0 0 rg BT 411.56 144.45 Td (crediting ) Tj ET Q q 0 0 0 rg BT 449.11 144.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 466.11 144.45 Td (on ) Tj ET Q q 0 0 0 rg BT 478.12 144.45 Td (our ) Tj ET Q q 0 0 0 rg BT 493.46 144.45 Td (fixed ) Tj ET Q q 0 0 0 rg BT 516.02 144.45 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 132.45 Td (annuities ) Tj ET Q q 0 0 0 rg BT 119.58 132.45 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.48 132.45 Td ($3 ) Tj ET Q q 0 0 0 rg BT 153.95 132.45 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.06 132.45 Td ( ) Tj ET Q q 0 0 0 rg BT 182.54 132.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.45 132.45 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.78 132.45 Td (, ) Tj ET Q q 0 0 0 rg BT 217.75 132.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 265.41 132.45 Td (. ) Tj ET Q q 0 0 0 rg BT 270.21 132.45 Td (W) Tj ET Q q 0 0 0 rg BT 278.85 132.45 Td (e ) Tj ET Q q 0 0 0 rg BT 285.76 132.45 Td (are ) Tj ET Q q 0 0 0 rg BT 300.44 132.45 Td (required ) Tj ET Q q 0 0 0 rg BT 336.23 132.45 Td (to ) Tj ET Q q 0 0 0 rg BT 346.48 132.45 Td (pay ) Tj ET Q q 0 0 0 rg BT 363.39 132.45 Td (these ) Tj ET Q q 0 0 0 rg BT 386.41 132.45 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 432.75 132.45 Td (minimum ) Tj ET Q q 0 0 0 rg BT 474.11 132.45 Td (crediting ) Tj ET Q q 0 0 0 rg BT 512.13 132.45 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 120.45 Td (even ) Tj ET Q q 0 0 0 rg BT 103.05 120.45 Td (if ) Tj ET Q q 0 0 0 rg BT 112.34 120.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 149.39 120.45 Td (on ) Tj ET Q q 0 0 0 rg BT 162.56 120.45 Td (our ) Tj ET Q q 0 0 0 rg BT 179.07 120.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 226.13 120.45 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 264.30 120.45 Td (decline, ) Tj ET Q q 0 0 0 rg BT 298.84 120.45 Td (which ) Tj ET Q q 0 0 0 rg BT 326.46 120.45 Td (would ) Tj ET Q q 0 0 0 rg BT 354.63 120.45 Td (negatively ) Tj ET Q q 0 0 0 rg BT 399.46 120.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 429.85 120.45 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 469.40 120.45 Td (In ) Tj ET Q q 0 0 0 rg BT 480.90 120.45 Td (addition, ) Tj ET Q q 0 0 0 rg BT 519.35 120.45 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 108.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 109.59 108.45 Td (more ) Tj ET Q q 0 0 0 rg BT 132.63 108.45 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 189.55 108.45 Td (to ) Tj ET Q q 0 0 0 rg BT 199.82 108.45 Td (hold ) Tj ET Q q 0 0 0 rg BT 220.09 108.45 Td (policies ) Tj ET Q q 0 0 0 rg BT 253.69 108.45 Td (with ) Tj ET Q q 0 0 0 rg BT 273.96 108.45 Td (comparatively ) Tj ET Q q 0 0 0 rg BT 333.65 108.45 Td (high ) Tj ET Q q 0 0 0 rg BT 353.92 108.45 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 400.28 108.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 421.65 108.45 Td (for ) Tj ET Q q 0 0 0 rg BT 435.80 108.45 Td (a ) Tj ET Q q 0 0 0 rg BT 442.73 108.45 Td (longer ) Tj ET Q q 0 0 0 rg BT 470.77 108.45 Td (period ) Tj ET Q q 0 0 0 rg BT 498.81 108.45 Td (in ) Tj ET Q q 0 0 0 rg BT 509.08 108.45 Td (a ) Tj ET Q q 0 0 0 rg BT 516.01 108.45 Td (low ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 96.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 112.67 96.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 129.90 96.45 Td (environment. ) Tj ET Q q 0 0 0 rg BT 185.18 96.45 Td (Conversely) Tj ET Q q 0 0 0 rg BT 230.07 96.45 Td (, ) Tj ET Q q 0 0 0 rg BT 234.81 96.45 Td (a ) Tj ET Q q 0 0 0 rg BT 241.49 96.45 Td (rise ) Tj ET Q q 0 0 0 rg BT 258.17 96.45 Td (in ) Tj ET Q q 0 0 0 rg BT 268.19 96.45 Td (average ) Tj ET Q q 0 0 0 rg BT 301.51 96.45 Td (yield ) Tj ET Q q 0 0 0 rg BT 323.74 96.45 Td (on ) Tj ET Q q 0 0 0 rg BT 335.98 96.45 Td (our ) Tj ET Q q 0 0 0 rg BT 351.55 96.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 397.67 96.45 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 434.90 96.45 Td (would ) Tj ET Q q 0 0 0 rg BT 462.14 96.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 497.14 96.45 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 84.45 Td (if ) Tj ET Q q 0 0 0 rg BT 91.11 84.45 Td (the ) Tj ET Q q 0 0 0 rg BT 107.34 84.45 Td (average ) Tj ET Q q 0 0 0 rg BT 142.43 84.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 175.87 84.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 194.86 84.45 Td (we ) Tj ET Q q 0 0 0 rg BT 210.52 84.45 Td (pay ) Tj ET Q q 0 0 0 rg BT 228.97 84.45 Td (on ) Tj ET Q q 0 0 0 rg BT 242.97 84.45 Td (our ) Tj ET Q q 0 0 0 rg BT 260.31 84.45 Td (products ) Tj ET Q q 0 0 0 rg BT 298.75 84.45 Td (does ) Tj ET Q q 0 0 0 rg BT 321.09 84.45 Td (not ) Tj ET Q q 0 0 0 rg BT 337.87 84.45 Td (rise ) Tj ET Q q 0 0 0 rg BT 356.32 84.45 Td (correspondingly) Tj ET Q q 0 0 0 rg BT 420.65 84.45 Td (. ) Tj ET Q q 0 0 0 rg BT 427.16 84.45 Td (Similarly) Tj ET Q q 0 0 0 rg BT 463.73 84.45 Td (, ) Tj ET Q q 0 0 0 rg BT 470.24 84.45 Td (we ) Tj ET Q q 0 0 0 rg BT 485.90 84.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 516.00 84.45 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 72.45 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 138.19 72.45 Td (would ) Tj ET Q q 0 0 0 rg BT 165.94 72.45 Td (be ) Tj ET Q q 0 0 0 rg BT 178.13 72.45 Td (less ) Tj ET Q q 0 0 0 rg BT 195.88 72.45 Td (likely ) Tj ET Q q 0 0 0 rg BT 221.41 72.45 Td (to ) Tj ET Q q 0 0 0 rg BT 231.94 72.45 Td (hold ) Tj ET Q q 0 0 0 rg BT 252.47 72.45 Td (policies ) Tj ET Q q 0 0 0 rg BT 286.33 72.45 Td (with ) Tj ET Q q 0 0 0 rg BT 306.86 72.45 Td (existing ) Tj ET Q q 0 0 0 rg BT 341.28 72.45 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 386.79 72.45 Td (as ) Tj ET Q q 0 0 0 rg BT 397.87 72.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 430.05 72.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 451.68 72.45 Td (rise ) Tj ET Q q 0 0 0 rg BT 468.88 72.45 Td (and ) Tj ET Q q 0 0 0 rg BT 486.07 72.45 Td (the ) Tj ET Q q 0 0 0 rg BT 501.04 72.45 Td (relative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 60.45 Td (value ) Tj ET Q q 0 0 0 rg BT 105.04 60.45 Td (of ) Tj ET Q q 0 0 0 rg BT 115.75 60.45 Td (other ) Tj ET Q q 0 0 0 rg BT 138.68 60.45 Td (new ) Tj ET Q q 0 0 0 rg BT 157.72 60.45 Td (business ) Tj ET Q q 0 0 0 rg BT 193.99 60.45 Td (of) Tj ET Q q 0 0 0 rg BT 202.14 60.45 Td (ferings ) Tj ET Q q 0 0 0 rg BT 232.29 60.45 Td (are ) Tj ET Q q 0 0 0 rg BT 246.88 60.45 Td (increased, ) Tj ET Q q 0 0 0 rg BT 289.52 60.45 Td (which ) Tj ET Q q 0 0 0 rg BT 316.34 60.45 Td (would ) Tj ET Q q 0 0 0 rg BT 343.72 60.45 Td (negatively ) Tj ET Q q 0 0 0 rg BT 387.75 60.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 417.35 60.45 Td (our ) Tj ET Q q 0 0 0 rg BT 433.06 60.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 469.32 60.45 Td (and ) Tj ET Q q 0 0 0 rg BT 486.14 60.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 506.29 60.45 Td (flows. ) Tj ET Q q 0 0 0 rg BT 533.51 60.45 Td ( ) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 735.60 Td (See ) Tj ET Q q 0 0 0 rg BT 121.96 735.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 147.24 735.60 Td (7A. ) Tj ET Q q 0 0 0 rg BT 164.49 735.60 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 216.44 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.40 735.60 Td (Qualitative ) Tj ET Q q 0 0 0 rg BT 280.35 735.60 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 329.53 735.60 Td (about ) Tj ET Q q 0 0 0 rg BT 354.26 735.60 Td (Market ) Tj ET Q q 0 0 0 rg BT 385.66 735.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 410.96 735.60 Td (for ) Tj ET Q q 0 0 0 rg BT 425.14 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 432.10 735.60 Td (more ) Tj ET Q q 0 0 0 rg BT 455.17 735.60 Td (detailed ) Tj ET Q q 0 0 0 rg BT 489.34 735.60 Td (discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 723.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.76 723.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 141.25 723.60 Td (risk.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 698.10 Td (Aging ) Tj ET Q q 0 0 0 rg BT 120.51 698.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.34 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.62 698.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 166.90 698.10 Td (Population ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 681.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 681.60 Td (e ) Tj ET Q q 0 0 0 rg BT 121.01 681.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 152.82 681.60 Td (that ) Tj ET Q q 0 0 0 rg BT 170.75 681.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.90 681.60 Td (aging ) Tj ET Q q 0 0 0 rg BT 211.06 681.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.32 681.60 Td (the ) Tj ET Q q 0 0 0 rg BT 237.48 681.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 258.20 681.60 Td (population ) Tj ET Q q 0 0 0 rg BT 303.90 681.60 Td (will ) Tj ET Q q 0 0 0 rg BT 322.40 681.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 358.09 681.60 Td (the ) Tj ET Q q 0 0 0 rg BT 373.24 681.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 407.83 681.60 Td (for ) Tj ET Q q 0 0 0 rg BT 422.43 681.60 Td (our ) Tj ET Q q 0 0 0 rg BT 438.69 681.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 477.92 681.60 Td (As ) Tj ET Q q 0 0 0 rg BT 491.97 681.60 Td (the ) Tj ET Q q 0 0 0 rg BT 507.12 681.60 Td (baby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 669.60 Td (boomer ) Tj ET Q q 0 0 0 rg BT 118.60 669.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 163.41 669.60 Td (prepares ) Tj ET Q q 0 0 0 rg BT 199.89 669.60 Td (for ) Tj ET Q q 0 0 0 rg BT 214.16 669.60 Td (retirement, ) Tj ET Q q 0 0 0 rg BT 260.37 669.60 Td (we ) Tj ET Q q 0 0 0 rg BT 274.64 669.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 306.12 669.60 Td (that ) Tj ET Q q 0 0 0 rg BT 323.73 669.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 358.00 669.60 Td (for ) Tj ET Q q 0 0 0 rg BT 372.27 669.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 415.97 669.60 Td (savings, ) Tj ET Q q 0 0 0 rg BT 451.08 669.60 Td (growth, ) Tj ET Q q 0 0 0 rg BT 484.53 669.60 Td (and ) Tj ET Q q 0 0 0 rg BT 501.58 669.60 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 657.60 Td (products ) Tj ET Q q 0 0 0 rg BT 118.50 657.60 Td (will ) Tj ET Q q 0 0 0 rg BT 137.11 657.60 Td (grow) Tj ET Q q 0 0 0 rg BT 157.01 657.60 Td (. ) Tj ET Q q 0 0 0 rg BT 162.35 657.60 Td (The ) Tj ET Q q 0 0 0 rg BT 180.96 657.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 211.23 657.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.61 657.60 Td (this ) Tj ET Q q 0 0 0 rg BT 240.12 657.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 271.51 657.60 Td (may ) Tj ET Q q 0 0 0 rg BT 291.78 657.60 Td (be ) Tj ET Q q 0 0 0 rg BT 304.28 657.60 Td (of) Tj ET Q q 0 0 0 rg BT 312.43 657.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 329.93 657.60 Td (to ) Tj ET Q q 0 0 0 rg BT 340.76 657.60 Td (some ) Tj ET Q q 0 0 0 rg BT 364.93 657.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 392.42 657.60 Td (by ) Tj ET Q q 0 0 0 rg BT 405.48 657.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 427.98 657.60 Td (outflows ) Tj ET Q q 0 0 0 rg BT 466.03 657.60 Td (as ) Tj ET Q q 0 0 0 rg BT 477.42 657.60 Td (an ) Tj ET Q q 0 0 0 rg BT 489.92 657.60 Td (increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 645.60 Td (percentage ) Tj ET Q q 0 0 0 rg BT 126.80 645.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.63 645.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.35 645.60 Td (population ) Tj ET Q q 0 0 0 rg BT 197.62 645.60 Td (begins ) Tj ET Q q 0 0 0 rg BT 226.23 645.60 Td (withdrawing ) Tj ET Q q 0 0 0 rg BT 279.28 645.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 305.11 645.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.38 645.60 Td (convert ) Tj ET Q q 0 0 0 rg BT 347.87 645.60 Td (their ) Tj ET Q q 0 0 0 rg BT 368.70 645.60 Td (savings ) Tj ET Q q 0 0 0 rg BT 401.20 645.60 Td (into ) Tj ET Q q 0 0 0 rg BT 419.25 645.60 Td (income. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 620.10 Td (Industry ) Tj ET Q q 0 0 0 rg BT 130.51 620.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 164.68 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.75 620.10 Td (T) Tj ET Q q 0 0 0 rg BT 188.48 620.10 Td (rends ) Tj ET Q q 0 0 0 rg BT 213.40 620.10 Td (Af) Tj ET Q q 0 0 0 rg BT 223.21 620.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 254.04 620.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 273.21 620.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 305.72 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.55 620.10 Td (Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 603.60 Td (Demographics ) Tj ET Q q 0 0 0 rg BT 166.54 603.60 Td (and ) Tj ET Q q 0 0 0 rg BT 184.20 603.60 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 251.28 603.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 281.71 603.60 Td (are ) Tj ET Q q 0 0 0 rg BT 297.15 603.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 341.46 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 356.90 603.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 391.78 603.60 Td (for ) Tj ET Q q 0 0 0 rg BT 406.67 603.60 Td (our ) Tj ET Q q 0 0 0 rg BT 423.22 603.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 438.78 603.60 Td ( ) Tj ET Q q 0 0 0 rg BT 442.01 603.60 Td (and ) Tj ET Q q 0 0 0 rg BT 459.67 603.60 Td (IUL) Tj ET Q q 0 0 0 rg BT 475.96 603.60 Td ( ) Tj ET Q q 0 0 0 rg BT 479.18 603.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 519.35 603.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 591.60 Td (which ) Tj ET Q q 0 0 0 rg BT 108.05 591.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 142.32 591.60 Td (is ) Tj ET Q q 0 0 0 rg BT 151.60 591.60 Td (lar) Tj ET Q q 0 0 0 rg BT 161.97 591.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 174.02 591.60 Td (and ) Tj ET Q q 0 0 0 rg BT 191.07 591.60 Td (growing: ) Tj ET Q q 0 0 0 rg BT 229.79 591.60 Td (over ) Tj ET Q q 0 0 0 rg BT 250.17 591.60 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 280.28 591.60 Td (people ) Tj ET Q q 0 0 0 rg BT 309.55 591.60 Td (will ) Tj ET Q q 0 0 0 rg BT 327.72 591.60 Td (turn ) Tj ET Q q 0 0 0 rg BT 346.44 591.60 Td (65 ) Tj ET Q q 0 0 0 rg BT 359.05 591.60 Td (each ) Tj ET Q q 0 0 0 rg BT 379.98 591.60 Td (day ) Tj ET Q q 0 0 0 rg BT 397.03 591.60 Td (in ) Tj ET Q q 0 0 0 rg BT 407.42 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.25 591.60 Td (United ) Tj ET Q q 0 0 0 rg BT 452.08 591.60 Td (States ) Tj ET Q q 0 0 0 rg BT 478.58 591.60 Td (over ) Tj ET Q q 0 0 0 rg BT 498.96 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 513.79 591.60 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 579.60 Td (15 ) Tj ET Q q 0 0 0 rg BT 92.83 579.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 117.86 579.60 Td (According ) Tj ET Q q 0 0 0 rg BT 161.89 579.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.50 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.55 579.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 205.17 579.60 Td (Census ) Tj ET Q q 0 0 0 rg BT 235.89 579.60 Td (Bureau, ) Tj ET Q q 0 0 0 rg BT 269.10 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 283.14 579.60 Td (proportion ) Tj ET Q q 0 0 0 rg BT 327.19 579.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.35 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.40 579.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 371.02 579.60 Td (population ) Tj ET Q q 0 0 0 rg BT 415.62 579.60 Td (over ) Tj ET Q q 0 0 0 rg BT 435.22 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 449.27 579.60 Td (age ) Tj ET Q q 0 0 0 rg BT 464.98 579.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.14 579.60 Td (65 ) Tj ET Q q 0 0 0 rg BT 486.97 579.60 Td (is ) Tj ET Q q 0 0 0 rg BT 495.47 579.60 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 567.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 567.60 Td (grow ) Tj ET Q q 0 0 0 rg BT 114.33 567.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.27 567.60 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.60 567.60 Td ( ) Tj ET Q q 0 0 0 rg BT 157.10 567.60 Td (in ) Tj ET Q q 0 0 0 rg BT 167.38 567.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 189.88 567.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.16 567.60 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.49 567.60 Td ( ) Tj ET Q q 0 0 0 rg BT 220.99 567.60 Td (in ) Tj ET Q q 0 0 0 rg BT 231.26 567.60 Td (2030. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 546.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 546.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.82 546.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 152.99 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.52 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.48 546.60 Td (sector ) Tj ET Q q 0 0 0 rg BT 205.10 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 216.18 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.15 546.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 272.21 546.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 307.73 546.60 Td (that ) Tj ET Q q 0 0 0 rg BT 325.47 546.60 Td (focuses ) Tj ET Q q 0 0 0 rg BT 358.21 546.60 Td (on ) Tj ET Q q 0 0 0 rg BT 370.96 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.92 546.60 Td (needs ) Tj ET Q q 0 0 0 rg BT 411.44 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 422.51 546.60 Td (middle-income ) Tj ET Q q 0 0 0 rg BT 485.19 546.60 Td (Americans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 534.60 Td (The ) Tj ET Q q 0 0 0 rg BT 98.94 534.60 Td (underserved ) Tj ET Q q 0 0 0 rg BT 150.20 534.60 Td (middle-income ) Tj ET Q q 0 0 0 rg BT 213.14 534.60 Td (market ) Tj ET Q q 0 0 0 rg BT 243.29 534.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 286.23 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 293.06 534.60 Td (major ) Tj ET Q q 0 0 0 rg BT 318.78 534.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 349.51 534.60 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 398.57 534.60 Td (for ) Tj ET Q q 0 0 0 rg BT 412.62 534.60 Td (FGL. ) Tj ET Q q 0 0 0 rg BT 435.88 534.60 Td (As ) Tj ET Q q 0 0 0 rg BT 449.39 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 456.22 534.60 Td (tool ) Tj ET Q q 0 0 0 rg BT 474.17 534.60 Td (for ) Tj ET Q q 0 0 0 rg BT 488.23 534.60 Td (addressing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.17 522.60 Td (unmet ) Tj ET Q q 0 0 0 rg BT 122.11 522.60 Td (need ) Tj ET Q q 0 0 0 rg BT 142.93 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 156.54 522.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 199.58 522.60 Td (planning, ) Tj ET Q q 0 0 0 rg BT 239.02 522.60 Td (we ) Tj ET Q q 0 0 0 rg BT 252.63 522.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 283.45 522.60 Td (that ) Tj ET Q q 0 0 0 rg BT 300.39 522.60 Td (many ) Tj ET Q q 0 0 0 rg BT 324.56 522.60 Td (middle-income ) Tj ET Q q 0 0 0 rg BT 386.61 522.60 Td (Americans ) Tj ET Q q 0 0 0 rg BT 431.88 522.60 Td (have ) Tj ET Q q 0 0 0 rg BT 452.70 522.60 Td (grown ) Tj ET Q q 0 0 0 rg BT 480.20 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 489.93 522.60 Td (appreciate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.89 510.60 Td (sleep ) Tj ET Q q 0 0 0 rg BT 123.55 510.60 Td (at ) Tj ET Q q 0 0 0 rg BT 133.44 510.60 Td (night ) Tj ET Q q 0 0 0 rg BT 156.67 510.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 204.32 510.60 Td (that ) Tj ET Q q 0 0 0 rg BT 221.99 510.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 260.76 510.60 Td (such ) Tj ET Q q 0 0 0 rg BT 281.76 510.60 Td (as ) Tj ET Q q 0 0 0 rg BT 292.77 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 308.77 510.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 324.33 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 327.00 510.60 Td (products ) Tj ET Q q 0 0 0 rg BT 364.11 510.60 Td (af) Tj ET Q q 0 0 0 rg BT 371.70 510.60 Td (ford. ) Tj ET Q q 0 0 0 rg BT 392.94 510.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 442.28 510.60 Td (, ) Tj ET Q q 0 0 0 rg BT 447.45 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.34 510.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 477.90 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 480.58 510.60 Td (market ) Tj ET Q q 0 0 0 rg BT 511.01 510.60 Td (grew ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 103.76 498.60 Td (nearly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.07 498.60 Td ($12 ) Tj ET Q q 0 0 0 rg BT 150.39 498.60 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.50 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 179.82 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.48 498.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 214.24 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 225.34 498.60 Td (2002 ) Tj ET Q q 0 0 0 rg BT 248.66 498.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.76 498.60 Td ($53 ) Tj ET Q q 0 0 0 rg BT 278.08 498.60 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.19 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 307.52 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 319.17 498.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 341.93 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.03 498.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 378.12 498.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 428.02 498.60 Td (, ) Tj ET Q q 0 0 0 rg BT 433.84 498.60 Td (this ) Tj ET Q q 0 0 0 rg BT 451.61 498.60 Td (market ) Tj ET Q q 0 0 0 rg BT 482.70 498.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 517.67 498.60 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 486.60 Td (positively ) Tj ET Q q 0 0 0 rg BT 122.40 486.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 161.00 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.17 486.60 Td (IUL) Tj ET Q q 0 0 0 rg BT 191.46 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 193.42 486.60 Td (market ) Tj ET Q q 0 0 0 rg BT 223.14 486.60 Td (as ) Tj ET Q q 0 0 0 rg BT 233.42 486.60 Td (it ) Tj ET Q q 0 0 0 rg BT 240.93 486.60 Td (has ) Tj ET Q q 0 0 0 rg BT 256.22 486.60 Td (expanded ) Tj ET Q q 0 0 0 rg BT 296.49 486.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.88 486.60 Td ($100 ) Tj ET Q q 0 0 0 rg BT 339.83 486.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.73 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 370.68 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.97 486.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 409.58 486.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 451.52 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 461.26 486.60 Td (2002 ) Tj ET Q q 0 0 0 rg BT 483.21 486.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.95 486.60 Td ($2 ) Tj ET Q q 0 0 0 rg BT 504.90 486.60 Td (billion) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 474.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 120.99 474.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 163.48 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 173.76 474.60 Td (2015. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 464.40 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 452.40 Td (Competition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 435.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 121.92 435.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 161.61 435.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 210.20 435.90 Td (operate ) Tj ET Q q 0 0 0 rg BT 241.00 435.90 Td (in ) Tj ET Q q 0 0 0 rg BT 250.15 435.90 Td (highly ) Tj ET Q q 0 0 0 rg BT 277.08 435.90 Td (competitive ) Tj ET Q q 0 0 0 rg BT 325.65 435.90 Td (markets. ) Tj ET Q q 0 0 0 rg BT 361.08 435.90 Td (W) Tj ET Q q 0 0 0 rg BT 369.72 435.90 Td (e ) Tj ET Q q 0 0 0 rg BT 375.53 435.90 Td (face ) Tj ET Q q 0 0 0 rg BT 393.55 435.90 Td (a ) Tj ET Q q 0 0 0 rg BT 399.36 435.90 Td (variety ) Tj ET Q q 0 0 0 rg BT 428.49 435.90 Td (of ) Tj ET Q q 0 0 0 rg BT 438.20 435.90 Td (lar) Tj ET Q q 0 0 0 rg BT 448.56 435.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 459.37 435.90 Td (and ) Tj ET Q q 0 0 0 rg BT 475.18 435.90 Td (small ) Tj ET Q q 0 0 0 rg BT 498.22 435.90 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 423.90 Td (participants. ) Tj ET Q q 0 0 0 rg BT 132.72 423.90 Td (These ) Tj ET Q q 0 0 0 rg BT 159.36 423.90 Td (companies ) Tj ET Q q 0 0 0 rg BT 204.89 423.90 Td (compete ) Tj ET Q q 0 0 0 rg BT 241.52 423.90 Td (for ) Tj ET Q q 0 0 0 rg BT 255.95 423.90 Td (the ) Tj ET Q q 0 0 0 rg BT 270.93 423.90 Td (growing ) Tj ET Q q 0 0 0 rg BT 307.03 423.90 Td (pool ) Tj ET Q q 0 0 0 rg BT 327.57 423.90 Td (of ) Tj ET Q q 0 0 0 rg BT 338.66 423.90 Td (retirement ) Tj ET Q q 0 0 0 rg BT 382.52 423.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 408.61 423.90 Td (driven ) Tj ET Q q 0 0 0 rg BT 436.93 423.90 Td (by ) Tj ET Q q 0 0 0 rg BT 449.69 423.90 Td (a ) Tj ET Q q 0 0 0 rg BT 456.89 423.90 Td (number ) Tj ET Q q 0 0 0 rg BT 490.21 423.90 Td (of ) Tj ET Q q 0 0 0 rg BT 501.30 423.90 Td (factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 411.90 Td (such ) Tj ET Q q 0 0 0 rg BT 100.66 411.90 Td (as ) Tj ET Q q 0 0 0 rg BT 110.33 411.90 Td (the ) Tj ET Q q 0 0 0 rg BT 123.88 411.90 Td (continued ) Tj ET Q q 0 0 0 rg BT 164.65 411.90 Td (aging ) Tj ET Q q 0 0 0 rg BT 188.20 411.90 Td (of ) Tj ET Q q 0 0 0 rg BT 197.86 411.90 Td (the ) Tj ET Q q 0 0 0 rg BT 211.42 411.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 230.53 411.90 Td (population ) Tj ET Q q 0 0 0 rg BT 274.64 411.90 Td (and ) Tj ET Q q 0 0 0 rg BT 290.41 411.90 Td (the ) Tj ET Q q 0 0 0 rg BT 303.97 411.90 Td (reduction ) Tj ET Q q 0 0 0 rg BT 343.06 411.90 Td (in ) Tj ET Q q 0 0 0 rg BT 352.18 411.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 388.49 411.90 Td (safety ) Tj ET Q q 0 0 0 rg BT 413.70 411.90 Td (nets ) Tj ET Q q 0 0 0 rg BT 431.15 411.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 468.03 411.90 Td (by ) Tj ET Q q 0 0 0 rg BT 479.36 411.90 Td (governments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 399.90 Td (and ) Tj ET Q q 0 0 0 rg BT 98.53 399.90 Td (corporations. ) Tj ET Q q 0 0 0 rg BT 154.11 399.90 Td (In ) Tj ET Q q 0 0 0 rg BT 165.53 399.90 Td (many ) Tj ET Q q 0 0 0 rg BT 190.83 399.90 Td (segments, ) Tj ET Q q 0 0 0 rg BT 233.64 399.90 Td (product ) Tj ET Q q 0 0 0 rg BT 267.28 399.90 Td (dif) Tj ET Q q 0 0 0 rg BT 278.21 399.90 Td (ferentiation ) Tj ET Q q 0 0 0 rg BT 327.39 399.90 Td (is ) Tj ET Q q 0 0 0 rg BT 337.15 399.90 Td (dif) Tj ET Q q 0 0 0 rg BT 348.08 399.90 Td (ficult ) Tj ET Q q 0 0 0 rg BT 372.27 399.90 Td (as ) Tj ET Q q 0 0 0 rg BT 383.69 399.90 Td (product ) Tj ET Q q 0 0 0 rg BT 417.33 399.90 Td (development ) Tj ET Q q 0 0 0 rg BT 472.07 399.90 Td (and ) Tj ET Q q 0 0 0 rg BT 489.60 399.90 Td (life ) Tj ET Q q 0 0 0 rg BT 506.01 399.90 Td (cycles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 387.90 Td (have ) Tj ET Q q 0 0 0 rg BT 102.38 387.90 Td (shortened. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 368.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 368.90 Td (Annuity ) Tj ET Q q 0 0 0 rg BT 130.35 368.90 Td (and ) Tj ET Q q 0 0 0 rg BT 148.41 368.90 Td (Life ) Tj ET Q q 0 0 0 rg BT 167.57 368.90 Td (Sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 347.90 Td (Sales ) Tj ET Q q 0 0 0 rg BT 128.61 347.90 Td (of ) Tj ET Q q 0 0 0 rg BT 139.44 347.90 Td (annuities ) Tj ET Q q 0 0 0 rg BT 178.04 347.90 Td (and ) Tj ET Q q 0 0 0 rg BT 194.98 347.90 Td (IULs ) Tj ET Q q 0 0 0 rg BT 218.03 347.90 Td (by ) Tj ET Q q 0 0 0 rg BT 230.53 347.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 261.35 347.90 Td (were ) Tj ET Q q 0 0 0 rg BT 283.28 347.90 Td (as ) Tj ET Q q 0 0 0 rg BT 294.11 347.90 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 302.40 148.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 302.40 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 302.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 302.40 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 302.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 302.40 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 302.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 302.40 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 302.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 302.40 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 302.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 302.40 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 277.40 148.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 277.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 277.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 277.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 277.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 277.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 277.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 277.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 277.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 277.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 277.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 277.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 251.40 148.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 251.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 251.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 251.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 251.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 251.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 251.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 251.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 251.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 251.40 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 251.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 251.40 47.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 251.39999999999998 m 275.5 251.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 239.39999999999998 m 275.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 237.39999999999998 m 275.5 237.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 251.39999999999998 m 326.5 251.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 239.39999999999998 m 326.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 237.39999999999998 m 326.5 237.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 251.39999999999998 m 377.5 251.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 239.39999999999998 m 377.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 237.39999999999998 m 377.5 237.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 251.39999999999998 m 381.5 251.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 239.39999999999998 m 381.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 237.39999999999998 m 381.5 237.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 251.39999999999998 m 428.5 251.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 239.39999999999998 m 428.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 237.39999999999998 m 428.5 237.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 251.39999999999998 m 479.5 251.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 239.39999999999998 m 479.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 237.39999999999998 m 479.5 237.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 251.39999999999998 m 483.5 251.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 239.39999999999998 m 483.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 237.39999999999998 m 483.5 237.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 251.39999999999998 m 530.5 251.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 239.39999999999998 m 530.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 237.39999999999998 m 530.5 237.39999999999998 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 319.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.80 319.63 Td (Annuity Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.90 319.63 Td (IUL Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 306.63 Td (\(dollars inmillions\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 149.68 306.63 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 232.5 306.230078125 m 270.49609375 306.230078125 l s q 0 0 0 rg BT 232.50 307.48 Td (Fiscal 2016) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 283.5 306.230078125 m 321.49609375 306.230078125 l s q 0 0 0 rg BT 283.50 307.48 Td (Fiscal 2015) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 334.5 306.230078125 m 372.49609375 306.230078125 l s q 0 0 0 rg BT 334.50 307.48 Td (Fiscal 2014) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 385.5 306.230078125 m 423.49609375 306.230078125 l s q 0 0 0 rg BT 385.50 307.48 Td (Fiscal 2016) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 436.5 306.230078125 m 474.49609375 306.230078125 l s q 0 0 0 rg BT 436.50 307.48 Td (Fiscal 2015) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 487.5 306.230078125 m 525.49609375 306.230078125 l s q 0 0 0 rg BT 487.50 307.48 Td (Fiscal 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 294.35 Td (First Fiscal Quarter) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 231.00 294.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 262.15 294.45 Td (489) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 282.00 294.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 313.15 294.45 Td (903) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 333.00 294.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 364.15 294.45 Td (540) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 384.00 294.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 418.65 294.45 Td (13) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 435.00 294.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.15 294.45 Td (7) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 486.00 294.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 294.45 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 281.65 Td (Second Fiscal Quarter) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 262.15 281.45 Td (601) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 313.15 281.45 Td (610) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 364.15 281.45 Td (728) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 418.25 281.45 Td (11) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.15 281.45 Td (7) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 281.45 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 268.65 Td (Third Fiscal Quarter) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 262.15 268.45 Td (832) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 313.15 268.45 Td (519) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 364.15 268.45 Td (392) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 418.00 268.45 Td (15) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 469.65 268.45 Td (10) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 268.45 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 255.65 Td (Fourth Fiscal Quarter) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 262.15 255.45 Td (603) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 313.15 255.45 Td (434) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 364.15 255.45 Td (501) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 418.00 255.45 Td (17) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 469.65 255.45 Td (11) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 255.45 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 242.63 Td (Total) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 231.00 242.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 256.90 242.45 Td (2,525) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 282.00 242.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 307.90 242.45 Td (2,466) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 333.00 242.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.90 242.45 Td (2,161) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 384.00 242.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 418.65 242.45 Td (56) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 435.00 242.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 469.65 242.45 Td (35) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 486.00 242.45 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 242.45 Td (21) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 214.90 Td (Key ) Tj ET Q q 0 0 0 rg BT 100.72 214.90 Td (Components ) Tj ET Q q 0 0 0 rg BT 157.11 214.90 Td (of ) Tj ET Q q 0 0 0 rg BT 167.94 214.90 Td (Our) Tj ET Q q 0 0 0 rg BT 185.54 214.90 Td ( ) Tj ET Q q 0 0 0 rg BT 188.04 214.90 Td (Historical ) Tj ET Q q 0 0 0 rg BT 232.75 214.90 Td (Results ) Tj ET Q q 0 0 0 rg BT 266.37 214.90 Td (of ) Tj ET Q q 0 0 0 rg BT 277.20 214.90 Td (Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 195.90 Td (Under ) Tj ET Q q 0 0 0 rg BT 131.81 195.90 Td (GAAP) Tj ET Q q 0 0 0 rg BT 157.92 195.90 Td (, ) Tj ET Q q 0 0 0 rg BT 162.24 195.90 Td (premium ) Tj ET Q q 0 0 0 rg BT 200.16 195.90 Td (collections ) Tj ET Q q 0 0 0 rg BT 245.30 195.90 Td (for ) Tj ET Q q 0 0 0 rg BT 258.77 195.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 281.14 195.90 Td (indexed ) Tj ET Q q 0 0 0 rg BT 314.61 195.90 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 355.03 195.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 377.39 195.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 394.19 195.90 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 434.61 195.90 Td (and ) Tj ET Q q 0 0 0 rg BT 450.87 195.90 Td (immediate ) Tj ET Q q 0 0 0 rg BT 494.89 195.90 Td (annuities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 183.90 Td (without ) Tj ET Q q 0 0 0 rg BT 114.33 183.90 Td (life ) Tj ET Q q 0 0 0 rg BT 130.42 183.90 Td (contingency ) Tj ET Q q 0 0 0 rg BT 182.06 183.90 Td (are ) Tj ET Q q 0 0 0 rg BT 197.04 183.90 Td (reported ) Tj ET Q q 0 0 0 rg BT 233.12 183.90 Td (in ) Tj ET Q q 0 0 0 rg BT 243.67 183.90 Td (the ) Tj ET Q q 0 0 0 rg BT 258.65 183.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 296.40 183.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 341.38 183.90 Td (as ) Tj ET Q q 0 0 0 rg BT 352.48 183.90 Td (deposit ) Tj ET Q q 0 0 0 rg BT 384.13 183.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 424.12 183.90 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 444.94 183.90 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 505.45 183.90 Td (funds\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 171.90 Td (instead ) Tj ET Q q 0 0 0 rg BT 111.59 171.90 Td (of ) Tj ET Q q 0 0 0 rg BT 122.19 171.90 Td (as ) Tj ET Q q 0 0 0 rg BT 132.79 171.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 154.49 171.90 Td (or ) Tj ET Q q 0 0 0 rg BT 165.09 171.90 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 205.39 171.90 Td (Similarly) Tj ET Q q 0 0 0 rg BT 241.97 171.90 Td (, ) Tj ET Q q 0 0 0 rg BT 246.73 171.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 266.77 171.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 307.36 171.90 Td (to ) Tj ET Q q 0 0 0 rg BT 317.41 171.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 360.22 171.90 Td (are ) Tj ET Q q 0 0 0 rg BT 374.69 171.90 Td (reported ) Tj ET Q q 0 0 0 rg BT 410.28 171.90 Td (as ) Tj ET Q q 0 0 0 rg BT 420.87 171.90 Td (decreases ) Tj ET Q q 0 0 0 rg BT 461.45 171.90 Td (in ) Tj ET Q q 0 0 0 rg BT 471.49 171.90 Td (the ) Tj ET Q q 0 0 0 rg BT 485.98 171.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 519.35 171.90 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 159.90 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 140.96 159.90 Td (funds ) Tj ET Q q 0 0 0 rg BT 165.40 159.90 Td (and ) Tj ET Q q 0 0 0 rg BT 182.05 159.90 Td (not ) Tj ET Q q 0 0 0 rg BT 197.04 159.90 Td (as ) Tj ET Q q 0 0 0 rg BT 207.59 159.90 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 248.40 159.90 Td (Sources ) Tj ET Q q 0 0 0 rg BT 282.28 159.90 Td (of ) Tj ET Q q 0 0 0 rg BT 292.82 159.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 330.57 159.90 Td (for ) Tj ET Q q 0 0 0 rg BT 344.45 159.90 Td (products ) Tj ET Q q 0 0 0 rg BT 381.10 159.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 423.85 159.90 Td (for ) Tj ET Q q 0 0 0 rg BT 437.72 159.90 Td (as ) Tj ET Q q 0 0 0 rg BT 448.27 159.90 Td (deposit ) Tj ET Q q 0 0 0 rg BT 479.37 159.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 518.80 159.90 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 147.90 Td (net ) Tj ET Q q 0 0 0 rg BT 96.18 147.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 143.02 147.90 Td (income, ) Tj ET Q q 0 0 0 rg BT 177.92 147.90 Td (surrender ) Tj ET Q q 0 0 0 rg BT 218.64 147.90 Td (and ) Tj ET Q q 0 0 0 rg BT 236.04 147.90 Td (other ) Tj ET Q q 0 0 0 rg BT 259.54 147.90 Td (char) Tj ET Q q 0 0 0 rg BT 276.57 147.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 292.86 147.90 Td (deducted ) Tj ET Q q 0 0 0 rg BT 331.92 147.90 Td (from ) Tj ET Q q 0 0 0 rg BT 354.32 147.90 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 415.03 147.90 Td (funds, ) Tj ET Q q 0 0 0 rg BT 442.71 147.90 Td (and ) Tj ET Q q 0 0 0 rg BT 460.11 147.90 Td (net ) Tj ET Q q 0 0 0 rg BT 475.29 147.90 Td (realized ) Tj ET Q q 0 0 0 rg BT 509.89 147.90 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 135.90 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 114.87 135.90 Td (on ) Tj ET Q q 0 0 0 rg BT 128.20 135.90 Td (investments. ) Tj ET Q q 0 0 0 rg BT 181.79 135.90 Td (Components ) Tj ET Q q 0 0 0 rg BT 235.67 135.90 Td (of ) Tj ET Q q 0 0 0 rg BT 247.32 135.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 286.74 135.90 Td (for ) Tj ET Q q 0 0 0 rg BT 301.72 135.90 Td (products ) Tj ET Q q 0 0 0 rg BT 339.48 135.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 383.34 135.90 Td (for ) Tj ET Q q 0 0 0 rg BT 398.32 135.90 Td (as ) Tj ET Q q 0 0 0 rg BT 409.97 135.90 Td (deposit ) Tj ET Q q 0 0 0 rg BT 442.18 135.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 482.72 135.90 Td (are ) Tj ET Q q 0 0 0 rg BT 498.25 135.90 Td (interest-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 123.90 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 118.16 123.90 Td (and ) Tj ET Q q 0 0 0 rg BT 134.76 123.90 Td (index ) Tj ET Q q 0 0 0 rg BT 159.14 123.90 Td (product ) Tj ET Q q 0 0 0 rg BT 191.85 123.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 225.66 123.90 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 268.37 123.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 299.96 123.90 Td (credited ) Tj ET Q q 0 0 0 rg BT 334.33 123.90 Td (to ) Tj ET Q q 0 0 0 rg BT 344.27 123.90 Td (account ) Tj ET Q q 0 0 0 rg BT 377.52 123.90 Td (balances ) Tj ET Q q 0 0 0 rg BT 414.11 123.90 Td (or ) Tj ET Q q 0 0 0 rg BT 424.60 123.90 Td (the ) Tj ET Q q 0 0 0 rg BT 438.98 123.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 457.25 123.90 Td (of ) Tj ET Q q 0 0 0 rg BT 467.74 123.90 Td (providing ) Tj ET Q q 0 0 0 rg BT 508.79 123.90 Td (index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 111.90 Td (credits ) Tj ET Q q 0 0 0 rg BT 110.90 111.90 Td (to ) Tj ET Q q 0 0 0 rg BT 121.92 111.90 Td (the ) Tj ET Q q 0 0 0 rg BT 137.38 111.90 Td (policyholder\), ) Tj ET Q q 0 0 0 rg BT 197.00 111.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 250.78 111.90 Td (of ) Tj ET Q q 0 0 0 rg BT 262.36 111.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 298.91 111.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 346.03 111.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 365.39 111.90 Td (\(DAC\) ) Tj ET Q q 0 0 0 rg BT 405.28 111.90 Td (and ) Tj ET Q q 0 0 0 rg BT 422.97 111.90 Td (value ) Tj ET Q q 0 0 0 rg BT 447.87 111.90 Td (of ) Tj ET Q q 0 0 0 rg BT 459.44 111.90 Td (business ) Tj ET Q q 0 0 0 rg BT 496.58 111.90 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 99.90 Td (\(VOBA\), ) Tj ET Q q 0 0 0 rg BT 129.87 99.90 Td (other ) Tj ET Q q 0 0 0 rg BT 152.92 99.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 193.18 99.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 215.68 99.90 Td (and ) Tj ET Q q 0 0 0 rg BT 232.62 99.90 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 273.72 99.90 Td (and ) Tj ET Q q 0 0 0 rg BT 290.66 99.90 Td (income ) Tj ET Q q 0 0 0 rg BT 322.59 99.90 Td (taxes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 83.40 Td (Through ) Tj ET Q q 0 0 0 rg BT 139.91 83.40 Td (our ) Tj ET Q q 0 0 0 rg BT 155.21 83.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 195.50 83.40 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 247.19 83.40 Td (we ) Tj ET Q q 0 0 0 rg BT 260.82 83.40 Td (issue ) Tj ET Q q 0 0 0 rg BT 282.80 83.40 Td (a ) Tj ET Q q 0 0 0 rg BT 289.21 83.40 Td (broad ) Tj ET Q q 0 0 0 rg BT 313.95 83.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 350.92 83.40 Td (of ) Tj ET Q q 0 0 0 rg BT 361.22 83.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 396.50 83.40 Td (annuities ) Tj ET Q q 0 0 0 rg BT 434.57 83.40 Td (\(fixed ) Tj ET Q q 0 0 0 rg BT 460.42 83.40 Td (indexed ) Tj ET Q q 0 0 0 rg BT 494.05 83.40 Td (and ) Tj ET Q q 0 0 0 rg BT 510.46 83.40 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 71.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 98.73 71.40 Td (annuities\) ) Tj ET Q q 0 0 0 rg BT 140.91 71.40 Td (and ) Tj ET Q q 0 0 0 rg BT 158.09 71.40 Td (immediate ) Tj ET Q q 0 0 0 rg BT 203.04 71.40 Td (annuities. ) Tj ET Q q 0 0 0 rg BT 243.78 71.40 Td (A) Tj ET Q q 0 0 0 rg BT 250.45 71.40 Td ( ) Tj ET Q q 0 0 0 rg BT 253.20 71.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 289.25 71.40 Td (annuity ) Tj ET Q q 0 0 0 rg BT 321.99 71.40 Td (is ) Tj ET Q q 0 0 0 rg BT 331.40 71.40 Td (a ) Tj ET Q q 0 0 0 rg BT 338.58 71.40 Td (type ) Tj ET Q q 0 0 0 rg BT 358.54 71.40 Td (of ) Tj ET Q q 0 0 0 rg BT 369.62 71.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 404.56 71.40 Td (that ) Tj ET Q q 0 0 0 rg BT 422.30 71.40 Td (accumulates ) Tj ET Q q 0 0 0 rg BT 474.47 71.40 Td (value ) Tj ET Q q 0 0 0 rg BT 498.87 71.40 Td (on ) Tj ET Q q 0 0 0 rg BT 511.61 71.40 Td (a ) Tj ET Q q 0 0 0 rg BT 518.79 71.40 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 59.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 117.23 59.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 140.16 59.40 Td (and ) Tj ET Q q 0 0 0 rg BT 157.52 59.40 Td (typically ) Tj ET Q q 0 0 0 rg BT 195.44 59.40 Td (begins ) Tj ET Q q 0 0 0 rg BT 224.47 59.40 Td (making ) Tj ET Q q 0 0 0 rg BT 257.40 59.40 Td (specified ) Tj ET Q q 0 0 0 rg BT 296.42 59.40 Td (periodic ) Tj ET Q q 0 0 0 rg BT 332.11 59.40 Td (or ) Tj ET Q q 0 0 0 rg BT 343.36 59.40 Td (lump ) Tj ET Q q 0 0 0 rg BT 366.84 59.40 Td (sum ) Tj ET Q q 0 0 0 rg BT 386.44 59.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 427.69 59.40 Td (a ) Tj ET Q q 0 0 0 rg BT 435.06 59.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 465.19 59.40 Td (number ) Tj ET Q q 0 0 0 rg BT 498.66 59.40 Td (of ) Tj ET Q q 0 0 0 rg BT 509.92 59.40 Td (years ) Tj ET Q endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (after ) Tj ET Q q 0 0 0 rg BT 100.93 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 114.77 735.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 148.59 735.60 Td (has ) Tj ET Q q 0 0 0 rg BT 163.54 735.60 Td (been ) Tj ET Q q 0 0 0 rg BT 184.03 735.60 Td (issued. ) Tj ET Q q 0 0 0 rg BT 212.79 735.60 Td (An ) Tj ET Q q 0 0 0 rg BT 226.63 735.60 Td (immediate ) Tj ET Q q 0 0 0 rg BT 270.45 735.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 302.07 735.60 Td (is ) Tj ET Q q 0 0 0 rg BT 310.35 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 316.41 735.60 Td (type ) Tj ET Q q 0 0 0 rg BT 335.25 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 345.19 735.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 379.01 735.60 Td (that ) Tj ET Q q 0 0 0 rg BT 395.63 735.60 Td (begins ) Tj ET Q q 0 0 0 rg BT 423.35 735.60 Td (making ) Tj ET Q q 0 0 0 rg BT 454.96 735.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 492.68 735.60 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (within ) Tj ET Q q 0 0 0 rg BT 109.49 723.60 Td (one ) Tj ET Q q 0 0 0 rg BT 126.86 723.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 159.79 723.60 Td (period ) Tj ET Q q 0 0 0 rg BT 188.27 723.60 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 211.47 723.60 Td (one ) Tj ET Q q 0 0 0 rg BT 228.84 723.60 Td (month ) Tj ET Q q 0 0 0 rg BT 257.33 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 268.59 723.60 Td (one ) Tj ET Q q 0 0 0 rg BT 285.96 723.60 Td (year\) ) Tj ET Q q 0 0 0 rg BT 309.43 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.80 723.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 364.72 723.60 Td (makes ) Tj ET Q q 0 0 0 rg BT 393.20 723.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 434.46 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 445.72 723.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 484.19 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 501.56 723.60 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 117.38 711.60 Td (over ) Tj ET Q q 0 0 0 rg BT 137.65 711.60 Td (a ) Tj ET Q q 0 0 0 rg BT 144.58 711.60 Td (period ) Tj ET Q q 0 0 0 rg BT 172.63 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 183.46 711.60 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.54 695.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.91 695.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 193.17 695.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 222.87 695.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 258.13 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.95 695.10 Td (its ) Tj ET Q q 0 0 0 rg BT 280.89 695.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 319.48 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.75 695.10 Td (product ) Tj ET Q q 0 0 0 rg BT 362.79 695.10 Td (related ) Tj ET Q q 0 0 0 rg BT 392.48 695.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 419.96 695.10 Td (market ) Tj ET Q q 0 0 0 rg BT 450.22 695.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 467.71 695.10 Td (by ) Tj ET Q q 0 0 0 rg BT 480.20 695.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 515.45 695.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 683.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 123.50 683.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 176.10 683.10 Td (W) Tj ET Q q 0 0 0 rg BT 184.74 683.10 Td (e ) Tj ET Q q 0 0 0 rg BT 191.70 683.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 229.76 683.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 276.15 683.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 319.23 683.10 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 380.07 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.92 683.10 Td (call ) Tj ET Q q 0 0 0 rg BT 407.88 683.10 Td (options ) Tj ET Q q 0 0 0 rg BT 439.85 683.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 459.31 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.60 683.10 Td (a ) Tj ET Q q 0 0 0 rg BT 476.56 683.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 501.85 683.10 Td (degree, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 671.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 111.94 671.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 151.21 671.10 Td (on ) Tj ET Q q 0 0 0 rg BT 164.38 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.76 671.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 207.93 671.10 Td (indices ) Tj ET Q q 0 0 0 rg BT 239.43 671.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 285.92 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.31 671.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 345.57 671.10 Td (policy) Tj ET Q q 0 0 0 rg BT 369.92 671.10 Td (. ) Tj ET Q q 0 0 0 rg BT 375.36 671.10 Td (These ) Tj ET Q q 0 0 0 rg BT 402.41 671.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 449.45 671.10 Td (are ) Tj ET Q q 0 0 0 rg BT 464.83 671.10 Td (used ) Tj ET Q q 0 0 0 rg BT 486.33 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.28 671.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 518.78 671.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 659.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 118.09 659.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 149.06 659.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 178.37 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.80 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.12 659.10 Td (index ) Tj ET Q q 0 0 0 rg BT 227.44 659.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 256.19 659.10 Td (due ) Tj ET Q q 0 0 0 rg BT 272.73 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.61 659.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 339.14 659.10 Td (under ) Tj ET Q q 0 0 0 rg BT 364.01 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.32 659.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 393.89 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.99 659.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 436.53 659.10 Td (The ) Tj ET Q q 0 0 0 rg BT 454.17 659.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 490.15 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.58 659.10 Td (all ) Tj ET Q q 0 0 0 rg BT 512.68 659.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 647.10 Td (call ) Tj ET Q q 0 0 0 rg BT 98.01 647.10 Td (options ) Tj ET Q q 0 0 0 rg BT 130.03 647.10 Td (are ) Tj ET Q q 0 0 0 rg BT 144.82 647.10 Td (one-year ) Tj ET Q q 0 0 0 rg BT 182.37 647.10 Td (options ) Tj ET Q q 0 0 0 rg BT 214.39 647.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 257.50 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.86 647.10 Td (match ) Tj ET Q q 0 0 0 rg BT 294.87 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.66 647.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 343.34 647.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 398.12 647.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 444.02 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.81 647.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 474.38 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.95 647.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 517.94 647.10 Td (W) Tj ET Q q 0 0 0 rg BT 526.57 647.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 635.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 113.50 635.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.78 635.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 157.38 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.11 635.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 190.72 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.56 635.10 Td (these ) Tj ET Q q 0 0 0 rg BT 224.62 635.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 266.55 635.10 Td (through ) Tj ET Q q 0 0 0 rg BT 300.17 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.89 635.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 339.62 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.45 635.10 Td (our ) Tj ET Q q 0 0 0 rg BT 366.29 635.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 381.85 635.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.36 635.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 425.46 635.10 Td (which ) Tj ET Q q 0 0 0 rg BT 452.41 635.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 481.02 635.10 Td (us ) Tj ET Q q 0 0 0 rg BT 492.42 635.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.70 635.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 623.10 Td (caps, ) Tj ET Q q 0 0 0 rg BT 103.70 623.10 Td (spread, ) Tj ET Q q 0 0 0 rg BT 134.73 623.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.48 623.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 198.45 623.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 222.26 623.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 253.01 623.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.22 623.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 292.85 623.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 339.14 623.10 Td (minimums ) Tj ET Q q 0 0 0 rg BT 384.35 623.10 Td (that ) Tj ET Q q 0 0 0 rg BT 401.78 623.10 Td (must ) Tj ET Q q 0 0 0 rg BT 423.66 623.10 Td (be ) Tj ET Q q 0 0 0 rg BT 435.52 623.10 Td (maintained. ) Tj ET Q q 0 0 0 rg BT 484.71 623.10 Td (The ) Tj ET Q q 0 0 0 rg BT 502.68 623.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 611.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.40 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.24 611.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 122.74 611.10 Td (value ) Tj ET Q q 0 0 0 rg BT 147.01 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.96 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.80 611.10 Td (call ) Tj ET Q q 0 0 0 rg BT 189.86 611.10 Td (options ) Tj ET Q q 0 0 0 rg BT 221.92 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.98 611.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 269.37 611.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 308.09 611.10 Td (is ) Tj ET Q q 0 0 0 rg BT 317.38 611.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 357.20 611.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 395.37 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.77 611.10 Td (of) Tj ET Q q 0 0 0 rg BT 413.92 611.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 430.98 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.82 611.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 473.43 611.10 Td (market ) Tj ET Q q 0 0 0 rg BT 503.82 611.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 599.10 Td (change ) Tj ET Q q 0 0 0 rg BT 112.07 599.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.61 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.58 599.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 154.22 599.10 Td (value ) Tj ET Q q 0 0 0 rg BT 178.63 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.72 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.69 599.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 220.26 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.01 599.10 Td (contract) Tj ET Q q 0 0 0 rg BT 257.99 599.10 Td (s ) Tj ET Q q 0 0 0 rg BT 264.64 599.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 296.27 599.10 Td (liability) Tj ET Q q 0 0 0 rg BT 326.73 599.10 Td (. ) Tj ET Q q 0 0 0 rg BT 331.79 599.10 Td (The ) Tj ET Q q 0 0 0 rg BT 350.09 599.10 Td (call ) Tj ET Q q 0 0 0 rg BT 367.28 599.10 Td (options ) Tj ET Q q 0 0 0 rg BT 399.49 599.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.68 599.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 447.21 599.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 486.06 599.10 Td (are ) Tj ET Q q 0 0 0 rg BT 501.03 599.10 Td (marked ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.47 587.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 108.04 587.10 Td (value ) Tj ET Q q 0 0 0 rg BT 132.39 587.10 Td (with ) Tj ET Q q 0 0 0 rg BT 152.87 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.78 587.10 Td (change ) Tj ET Q q 0 0 0 rg BT 198.79 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.26 587.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 225.83 587.10 Td (value ) Tj ET Q q 0 0 0 rg BT 250.18 587.10 Td (included ) Tj ET Q q 0 0 0 rg BT 287.31 587.10 Td (as ) Tj ET Q q 0 0 0 rg BT 298.33 587.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.47 587.10 Td (component ) Tj ET Q q 0 0 0 rg BT 352.59 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.62 587.10 Td (net ) Tj ET Q q 0 0 0 rg BT 378.53 587.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 425.11 587.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 448.91 587.10 Td (\(losses\). ) Tj ET Q q 0 0 0 rg BT 484.46 587.10 Td (The ) Tj ET Q q 0 0 0 rg BT 502.70 587.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.24 575.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.58 575.10 Td (value ) Tj ET Q q 0 0 0 rg BT 131.71 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.50 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.18 575.10 Td (call ) Tj ET Q q 0 0 0 rg BT 174.08 575.10 Td (options ) Tj ET Q q 0 0 0 rg BT 205.99 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.90 575.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 253.13 575.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 291.69 575.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 327.48 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.16 575.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 365.73 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.64 575.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 408.99 575.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 455.32 575.10 Td (at ) Tj ET Q q 0 0 0 rg BT 465.00 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.68 575.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 522.69 575.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 563.10 Td (instruments) Tj ET Q q 0 0 0 rg BT 144.97 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.47 563.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 172.19 563.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.02 563.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 205.52 563.10 Td (early ) Tj ET Q q 0 0 0 rg BT 228.00 563.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 276.60 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.54 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.26 563.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 342.96 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.24 563.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 369.62 563.10 Td (value ) Tj ET Q q 0 0 0 rg BT 393.77 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.60 563.10 Td (open ) Tj ET Q q 0 0 0 rg BT 426.54 563.10 Td (positions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 544.10 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 143.44 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 165.77 544.10 Td (products ) Tj ET Q q 0 0 0 rg BT 203.10 544.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 246.52 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.08 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.30 544.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 304.08 544.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 344.19 544.10 Td (are ) Tj ET Q q 0 0 0 rg BT 359.29 544.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 399.39 544.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 441.14 544.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.47 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.58 544.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 507.57 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 544.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 532.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.64 532.10 Td (income ) Tj ET Q q 0 0 0 rg BT 159.82 532.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 189.22 532.10 Td (over ) Tj ET Q q 0 0 0 rg BT 209.75 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.72 532.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 244.14 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.22 532.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 287.41 532.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 322.37 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.90 532.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 390.09 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.28 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.25 532.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 441.11 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.20 532.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 487.17 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.25 532.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 521.00 532.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 520.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 96.56 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.07 520.10 Td (policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.17 520.10 Td (, ) Tj ET Q q 0 0 0 rg BT 135.18 520.10 Td (known ) Tj ET Q q 0 0 0 rg BT 164.91 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 175.74 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.47 520.10 Td (net ) Tj ET Q q 0 0 0 rg BT 205.19 520.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 251.58 520.10 Td (spread. ) Tj ET Q q 0 0 0 rg BT 282.50 520.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.54 520.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 304.60 520.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 335.42 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.71 520.10 Td (FIAs, ) Tj ET Q q 0 0 0 rg BT 370.72 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.44 520.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 404.06 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.89 520.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 449.62 520.10 Td (our ) Tj ET Q q 0 0 0 rg BT 465.45 520.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 482.96 520.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 518.79 520.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 508.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 119.59 508.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 155.40 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.67 508.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 186.49 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.20 508.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 230.35 508.10 Td (index ) Tj ET Q q 0 0 0 rg BT 255.06 508.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 286.71 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.64 508.10 Td (where ) Tj ET Q q 0 0 0 rg BT 330.56 508.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 376.64 508.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 418.03 508.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 464.38 508.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 496.31 508.10 Td (credited. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 496.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 119.50 496.10 Td (received ) Tj ET Q q 0 0 0 rg BT 155.77 496.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 178.18 496.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 221.13 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.86 496.10 Td (early ) Tj ET Q q 0 0 0 rg BT 254.26 496.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 302.76 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.50 496.10 Td (call ) Tj ET Q q 0 0 0 rg BT 330.34 496.10 Td (options ) Tj ET Q q 0 0 0 rg BT 362.19 496.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 405.13 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.32 496.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 436.06 496.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 465.12 496.10 Td (index ) Tj ET Q q 0 0 0 rg BT 489.74 496.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 518.80 496.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 484.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 118.74 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 129.83 484.10 Td (part ) Tj ET Q q 0 0 0 rg BT 148.14 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.24 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.22 484.10 Td (change ) Tj ET Q q 0 0 0 rg BT 205.30 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.84 484.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 232.48 484.10 Td (value ) Tj ET Q q 0 0 0 rg BT 256.90 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.99 484.10 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 317.13 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.33 484.10 Td (are ) Tj ET Q q 0 0 0 rg BT 349.30 484.10 Td (lar) Tj ET Q q 0 0 0 rg BT 359.67 484.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 379.65 484.10 Td (of) Tj ET Q q 0 0 0 rg BT 387.80 484.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 405.00 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 417.76 484.10 Td (an ) Tj ET Q q 0 0 0 rg BT 429.96 484.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 464.94 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 479.36 484.10 Td (index ) Tj ET Q q 0 0 0 rg BT 504.34 484.10 Td (credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 472.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 110.15 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 122.65 472.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 155.14 472.10 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 215.39 472.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 236.22 472.10 Td (balances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 453.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 124.10 453.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 175.42 453.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 211.74 453.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.07 453.10 Td (lar) Tj ET Q q 0 0 0 rg BT 233.43 453.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 246.42 453.10 Td (part ) Tj ET Q q 0 0 0 rg BT 265.52 453.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 289.07 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.83 453.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 338.38 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.26 453.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 377.14 453.10 Td (under ) Tj ET Q q 0 0 0 rg BT 403.46 453.10 Td (management ) Tj ET Q q 0 0 0 rg BT 458.10 453.10 Td (\(AUM\), ) Tj ET Q q 0 0 0 rg BT 503.02 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.78 453.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 441.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.20 441.10 Td (spreads ) Tj ET Q q 0 0 0 rg BT 157.52 441.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 185.48 441.10 Td (on ) Tj ET Q q 0 0 0 rg BT 196.81 441.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.46 441.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.78 441.10 Td (average ) Tj ET Q q 0 0 0 rg BT 245.19 441.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 269.84 441.10 Td (under ) Tj ET Q q 0 0 0 rg BT 293.93 441.10 Td (management ) Tj ET Q q 0 0 0 rg BT 346.34 441.10 Td (\("AAUM"\), ) Tj ET Q q 0 0 0 rg BT 395.54 441.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.20 441.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 437.07 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.17 441.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 478.59 441.10 Td (our ) Tj ET Q q 0 0 0 rg BT 493.24 441.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 429.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 120.55 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.44 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.11 429.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 177.56 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.34 429.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 230.55 429.10 Td (new ) Tj ET Q q 0 0 0 rg BT 250.67 429.10 Td (business ) Tj ET Q q 0 0 0 rg BT 288.01 429.10 Td (\(principally ) Tj ET Q q 0 0 0 rg BT 338.11 429.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 393.79 429.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.02 429.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 434.02 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.91 429.10 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 487.58 429.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 523.23 429.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 417.10 Td (policyholders\). ) Tj ET Q q 0 0 0 rg BT 142.93 417.10 Td (As ) Tj ET Q q 0 0 0 rg BT 156.17 417.10 Td (we ) Tj ET Q q 0 0 0 rg BT 169.97 417.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 192.18 417.10 Td (AUM, ) Tj ET Q q 0 0 0 rg BT 220.15 417.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 256.16 417.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 295.50 417.10 Td (increase. ) Tj ET Q q 0 0 0 rg BT 332.42 417.10 Td (AUM ) Tj ET Q q 0 0 0 rg BT 357.88 417.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 396.66 417.10 Td (when ) Tj ET Q q 0 0 0 rg BT 420.46 417.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 440.36 417.10 Td (inflows, ) Tj ET Q q 0 0 0 rg BT 474.99 417.10 Td (which ) Tj ET Q q 0 0 0 rg BT 501.57 417.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 405.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 106.56 405.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 137.93 405.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 159.32 405.10 Td (outflows. ) Tj ET Q q 0 0 0 rg BT 200.44 405.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 244.61 405.10 Td (net ) Tj ET Q q 0 0 0 rg BT 260.44 405.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 307.94 405.10 Td (spreads ) Tj ET Q q 0 0 0 rg BT 341.55 405.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 379.06 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.90 405.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 424.07 405.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.47 405.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 470.18 405.10 Td (our ) Tj ET Q q 0 0 0 rg BT 487.13 405.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 393.10 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 123.50 393.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.90 393.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 177.94 393.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 209.33 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.38 393.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 268.76 393.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 291.27 393.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.89 393.10 Td (our ) Tj ET Q q 0 0 0 rg BT 321.03 393.10 Td (AUM ) Tj ET Q q 0 0 0 rg BT 347.99 393.10 Td (such ) Tj ET Q q 0 0 0 rg BT 369.93 393.10 Td (as ) Tj ET Q q 0 0 0 rg BT 381.88 393.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 414.93 393.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 433.53 393.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 469.35 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.40 393.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 522.68 393.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 381.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 130.56 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.36 381.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 196.09 381.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.99 381.10 Td (our ) Tj ET Q q 0 0 0 rg BT 230.79 381.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 259.80 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.04 381.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 305.60 381.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 338.50 381.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 360.84 381.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 396.50 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.75 381.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 465.64 381.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.54 381.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 507.01 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 381.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 369.10 Td (options ) Tj ET Q q 0 0 0 rg BT 112.50 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.00 369.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 158.82 369.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 201.41 369.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.24 369.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 231.63 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.90 369.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 274.61 369.10 Td (index ) Tj ET Q q 0 0 0 rg BT 298.88 369.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 327.59 369.10 Td (on ) Tj ET Q q 0 0 0 rg BT 339.65 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.92 369.10 Td (FIAs ) Tj ET Q q 0 0 0 rg BT 375.98 369.10 Td (or ) Tj ET Q q 0 0 0 rg BT 386.36 369.10 Td (IULs. ) Tj ET Q q 0 0 0 rg BT 411.32 369.10 Td (W) Tj ET Q q 0 0 0 rg BT 419.96 369.10 Td (e ) Tj ET Q q 0 0 0 rg BT 426.45 369.10 Td (analyze ) Tj ET Q q 0 0 0 rg BT 459.04 369.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 488.86 369.10 Td (on ) Tj ET Q q 0 0 0 rg BT 500.46 369.10 Td (AAUM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 357.10 Td (pre- ) Tj ET Q q 0 0 0 rg BT 100.07 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.48 357.10 Td (post-DAC ) Tj ET Q q 0 0 0 rg BT 161.56 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.75 357.10 Td (VOBA) Tj ET Q q 0 0 0 rg BT 206.54 357.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.51 357.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.81 357.10 Td (well ) Tj ET Q q 0 0 0 rg BT 241.00 357.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.30 357.10 Td (pre- ) Tj ET Q q 0 0 0 rg BT 271.36 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.77 357.10 Td (post-tax ) Tj ET Q q 0 0 0 rg BT 323.96 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.71 357.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 370.99 357.10 Td (our ) Tj ET Q q 0 0 0 rg BT 387.29 357.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 438.03 357.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.78 357.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 473.97 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.27 357.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 516.57 357.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 345.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 121.83 345.10 Td (earnings. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 318.70 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 122.40 318.70 Td (Operating ) Tj ET Q q 0 0 0 rg BT 168.78 318.70 Td (Income ) Tj ET Q q 0 0 0 rg BT 202.94 318.70 Td (\("AOI"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 299.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 157.27 299.70 Td (believes ) Tj ET Q q 0 0 0 rg BT 191.60 299.70 Td (that ) Tj ET Q q 0 0 0 rg BT 208.16 299.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 236.92 299.70 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 282.11 299.70 Td ( ) Tj ET Q q 0 0 0 rg BT 283.67 299.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 320.22 299.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 358.99 299.70 Td (may ) Tj ET Q q 0 0 0 rg BT 377.77 299.70 Td (be ) Tj ET Q q 0 0 0 rg BT 388.78 299.70 Td (useful ) Tj ET Q q 0 0 0 rg BT 414.78 299.70 Td (in ) Tj ET Q q 0 0 0 rg BT 424.12 299.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 452.89 299.70 Td (instances ) Tj ET Q q 0 0 0 rg BT 491.11 299.70 Td (to ) Tj ET Q q 0 0 0 rg BT 500.45 299.70 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 287.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 123.20 287.70 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 170.95 287.70 Td (comparisons ) Tj ET Q q 0 0 0 rg BT 223.71 287.70 Td (between ) Tj ET Q q 0 0 0 rg BT 259.23 287.70 Td (current ) Tj ET Q q 0 0 0 rg BT 289.76 287.70 Td (results ) Tj ET Q q 0 0 0 rg BT 318.08 287.70 Td (and ) Tj ET Q q 0 0 0 rg BT 334.72 287.70 Td (results ) Tj ET Q q 0 0 0 rg BT 363.04 287.70 Td (in ) Tj ET Q q 0 0 0 rg BT 373.03 287.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 394.68 287.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 434.65 287.70 Td (periods. ) Tj ET Q q 0 0 0 rg BT 468.80 287.70 Td (Reconciliations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 275.70 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 275.70 Td (such ) Tj ET Q q 0 0 0 rg BT 112.66 275.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 152.37 275.70 Td (to ) Tj ET Q q 0 0 0 rg BT 162.65 275.70 Td (the ) Tj ET Q q 0 0 0 rg BT 177.36 275.70 Td (most ) Tj ET Q q 0 0 0 rg BT 199.31 275.70 Td (comparable ) Tj ET Q q 0 0 0 rg BT 248.45 275.70 Td (GAAP) Tj ET Q q 0 0 0 rg BT 275.31 275.70 Td ( ) Tj ET Q q 0 0 0 rg BT 277.81 275.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 317.51 275.70 Td (are ) Tj ET Q q 0 0 0 rg BT 332.22 275.70 Td (included ) Tj ET Q q 0 0 0 rg BT 369.15 275.70 Td (herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 256.70 Td (AOI ) Tj ET Q q 0 0 0 rg BT 126.65 256.70 Td (is ) Tj ET Q q 0 0 0 rg BT 137.21 256.70 Td (a ) Tj ET Q q 0 0 0 rg BT 145.52 256.70 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 190.71 256.70 Td ( ) Tj ET Q q 0 0 0 rg BT 194.59 256.70 Td (economic ) Tj ET Q q 0 0 0 rg BT 237.34 256.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 274.54 256.70 Td (we ) Tj ET Q q 0 0 0 rg BT 290.08 256.70 Td (use ) Tj ET Q q 0 0 0 rg BT 307.29 256.70 Td (to ) Tj ET Q q 0 0 0 rg BT 318.95 256.70 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 356.14 256.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.00 256.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 449.41 256.70 Td (each ) Tj ET Q q 0 0 0 rg BT 471.60 256.70 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.67 256.70 Td (AOI ) Tj ET Q q 0 0 0 rg BT 524.33 256.70 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 244.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 125.62 244.70 Td (by ) Tj ET Q q 0 0 0 rg BT 139.71 244.70 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 180.46 244.70 Td (net ) Tj ET Q q 0 0 0 rg BT 196.77 244.70 Td (income ) Tj ET Q q 0 0 0 rg BT 230.30 244.70 Td (to ) Tj ET Q q 0 0 0 rg BT 242.17 244.70 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 283.46 244.70 Td (\(i\)the ) Tj ET Q q 0 0 0 rg BT 311.71 244.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 343.01 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 355.43 244.70 Td (net ) Tj ET Q q 0 0 0 rg BT 371.74 244.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 419.71 244.70 Td (gains ) Tj ET Q q 0 0 0 rg BT 444.91 244.70 Td (including ) Tj ET Q q 0 0 0 rg BT 486.78 244.70 Td (other) Tj ET Q q 0 0 0 rg BT 507.12 244.70 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 232.70 Td (temporary ) Tj ET Q q 0 0 0 rg BT 125.17 232.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 174.35 232.70 Td (\("OTTI"\) ) Tj ET Q q 0 0 0 rg BT 215.02 232.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 241.99 232.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 288.93 232.70 Td (in ) Tj ET Q q 0 0 0 rg BT 299.78 232.70 Td (operations, ) Tj ET Q q 0 0 0 rg BT 347.02 232.70 Td (but ) Tj ET Q q 0 0 0 rg BT 362.87 232.70 Td (excluding ) Tj ET Q q 0 0 0 rg BT 405.38 232.70 Td (gains ) Tj ET Q q 0 0 0 rg BT 429.57 232.70 Td (and ) Tj ET Q q 0 0 0 rg BT 447.09 232.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 474.05 232.70 Td (on ) Tj ET Q q 0 0 0 rg BT 487.13 232.70 Td (derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 220.70 Td (hedging ) Tj ET Q q 0 0 0 rg BT 116.86 220.70 Td (our ) Tj ET Q q 0 0 0 rg BT 133.83 220.70 Td (indexed ) Tj ET Q q 0 0 0 rg BT 169.13 220.70 Td (annuity ) Tj ET Q q 0 0 0 rg BT 202.77 220.70 Td (policies, ) Tj ET Q q 0 0 0 rg BT 240.02 220.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 255.88 220.70 Td (the ) Tj ET Q q 0 0 0 rg BT 271.74 220.70 Td (ef) Tj ET Q q 0 0 0 rg BT 279.33 220.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 297.96 220.70 Td (of ) Tj ET Q q 0 0 0 rg BT 309.93 220.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 345.79 220.70 Td (in ) Tj ET Q q 0 0 0 rg BT 357.21 220.70 Td (the ) Tj ET Q q 0 0 0 rg BT 373.07 220.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 406.15 220.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 428.67 220.70 Td (used ) Tj ET Q q 0 0 0 rg BT 450.64 220.70 Td (to ) Tj ET Q q 0 0 0 rg BT 462.06 220.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 499.59 220.70 Td (the ) Tj ET Q q 0 0 0 rg BT 515.46 220.70 Td (FIA) Tj ET Q q 0 0 0 rg BT 531.02 220.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 208.70 Td (embedded ) Tj ET Q q 0 0 0 rg BT 123.90 208.70 Td (derivative ) Tj ET Q q 0 0 0 rg BT 165.68 208.70 Td (liability) Tj ET Q q 0 0 0 rg BT 196.14 208.70 Td (, ) Tj ET Q q 0 0 0 rg BT 200.44 208.70 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 217.24 208.70 Td (the ) Tj ET Q q 0 0 0 rg BT 231.25 208.70 Td (ef) Tj ET Q q 0 0 0 rg BT 238.84 208.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 255.63 208.70 Td (of ) Tj ET Q q 0 0 0 rg BT 265.76 208.70 Td (change ) Tj ET Q q 0 0 0 rg BT 295.88 208.70 Td (in ) Tj ET Q q 0 0 0 rg BT 305.46 208.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 321.14 208.70 Td (value ) Tj ET Q q 0 0 0 rg BT 344.59 208.70 Td (of ) Tj ET Q q 0 0 0 rg BT 354.73 208.70 Td (the ) Tj ET Q q 0 0 0 rg BT 368.74 208.70 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 416.63 208.70 Td (related ) Tj ET Q q 0 0 0 rg BT 445.63 208.70 Td (embedded ) Tj ET Q q 0 0 0 rg BT 488.53 208.70 Td (derivative, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 196.70 Td (and ) Tj ET Q q 0 0 0 rg BT 98.11 196.70 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 115.22 196.70 Td (the ) Tj ET Q q 0 0 0 rg BT 130.11 196.70 Td (ef) Tj ET Q q 0 0 0 rg BT 137.69 196.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 155.35 196.70 Td (of ) Tj ET Q q 0 0 0 rg BT 166.35 196.70 Td (class ) Tj ET Q q 0 0 0 rg BT 188.46 196.70 Td (action ) Tj ET Q q 0 0 0 rg BT 215.57 196.70 Td (litigation ) Tj ET Q q 0 0 0 rg BT 254.34 196.70 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 291.69 196.70 Td (All ) Tj ET Q q 0 0 0 rg BT 307.13 196.70 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 357.58 196.70 Td (to ) Tj ET Q q 0 0 0 rg BT 367.44 196.70 Td (AOI ) Tj ET Q q 0 0 0 rg BT 387.88 196.70 Td (are ) Tj ET Q q 0 0 0 rg BT 402.76 196.70 Td (net ) Tj ET Q q 0 0 0 rg BT 417.65 196.70 Td (of ) Tj ET Q q 0 0 0 rg BT 428.65 196.70 Td (the ) Tj ET Q q 0 0 0 rg BT 443.54 196.70 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 503.22 196.70 Td (VOBA) Tj ET Q q 0 0 0 rg BT 531.01 196.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 184.70 Td (and ) Tj ET Q q 0 0 0 rg BT 98.26 184.70 Td (DAC ) Tj ET Q q 0 0 0 rg BT 122.20 184.70 Td (impact. ) Tj ET Q q 0 0 0 rg BT 154.53 184.70 Td (The ) Tj ET Q q 0 0 0 rg BT 172.90 184.70 Td (income ) Tj ET Q q 0 0 0 rg BT 205.16 184.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 220.20 184.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 250.23 184.70 Td (related ) Tj ET Q q 0 0 0 rg BT 280.26 184.70 Td (to ) Tj ET Q q 0 0 0 rg BT 290.86 184.70 Td (these ) Tj ET Q q 0 0 0 rg BT 314.23 184.70 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 364.83 184.70 Td (is ) Tj ET Q q 0 0 0 rg BT 374.32 184.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 415.46 184.70 Td (using ) Tj ET Q q 0 0 0 rg BT 439.96 184.70 Td (an ) Tj ET Q q 0 0 0 rg BT 452.22 184.70 Td (ef) Tj ET Q q 0 0 0 rg BT 459.81 184.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 489.83 184.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 504.87 184.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 522.68 184.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 172.70 Td (35%, ) Tj ET Q q 0 0 0 rg BT 104.33 172.70 Td (as ) Tj ET Q q 0 0 0 rg BT 115.16 172.70 Td (appropriate. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 154.70 Td (While ) Tj ET Q q 0 0 0 rg BT 125.67 154.70 Td (these ) Tj ET Q q 0 0 0 rg BT 148.45 154.70 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 198.46 154.70 Td (are ) Tj ET Q q 0 0 0 rg BT 212.91 154.70 Td (an ) Tj ET Q q 0 0 0 rg BT 224.58 154.70 Td (integral ) Tj ET Q q 0 0 0 rg BT 257.36 154.70 Td (part ) Tj ET Q q 0 0 0 rg BT 275.14 154.70 Td (of ) Tj ET Q q 0 0 0 rg BT 285.71 154.70 Td (the ) Tj ET Q q 0 0 0 rg BT 300.16 154.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 330.16 154.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 382.92 154.70 Td (of ) Tj ET Q q 0 0 0 rg BT 393.49 154.70 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 417.12 154.70 Td (market ) Tj ET Q q 0 0 0 rg BT 447.12 154.70 Td (conditions ) Tj ET Q q 0 0 0 rg BT 491.02 154.70 Td (impacting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 142.70 Td (these ) Tj ET Q q 0 0 0 rg BT 103.63 142.70 Td (items ) Tj ET Q q 0 0 0 rg BT 127.38 142.70 Td (can ) Tj ET Q q 0 0 0 rg BT 143.34 142.70 Td (overshadow ) Tj ET Q q 0 0 0 rg BT 193.75 142.70 Td (the ) Tj ET Q q 0 0 0 rg BT 208.05 142.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 253.46 142.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 306.06 142.70 Td (of ) Tj ET Q q 0 0 0 rg BT 316.48 142.70 Td (the ) Tj ET Q q 0 0 0 rg BT 330.78 142.70 Td (business. ) Tj ET Q q 0 0 0 rg BT 368.79 142.70 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 418.13 142.70 Td (, ) Tj ET Q q 0 0 0 rg BT 422.71 142.70 Td (we ) Tj ET Q q 0 0 0 rg BT 436.46 142.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 467.41 142.70 Td (using ) Tj ET Q q 0 0 0 rg BT 491.17 142.70 Td (a ) Tj ET Q q 0 0 0 rg BT 497.69 142.70 Td (measure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 130.70 Td (which ) Tj ET Q q 0 0 0 rg BT 107.89 130.70 Td (excludes ) Tj ET Q q 0 0 0 rg BT 145.34 130.70 Td (their ) Tj ET Q q 0 0 0 rg BT 166.12 130.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 195.79 130.70 Td (is ) Tj ET Q q 0 0 0 rg BT 204.91 130.70 Td (ef) Tj ET Q q 0 0 0 rg BT 212.50 130.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 242.16 130.70 Td (in ) Tj ET Q q 0 0 0 rg BT 252.39 130.70 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 293.72 130.70 Td (the ) Tj ET Q q 0 0 0 rg BT 308.39 130.70 Td (trends ) Tj ET Q q 0 0 0 rg BT 335.29 130.70 Td (of ) Tj ET Q q 0 0 0 rg BT 346.07 130.70 Td (our ) Tj ET Q q 0 0 0 rg BT 361.86 130.70 Td (operations. ) Tj ET Q q 0 0 0 rg BT 408.47 130.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 426.48 130.70 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 471.66 130.70 Td ( ) Tj ET Q q 0 0 0 rg BT 474.12 130.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 513.78 130.70 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 118.70 Td (not ) Tj ET Q q 0 0 0 rg BT 95.52 118.70 Td (be ) Tj ET Q q 0 0 0 rg BT 106.70 118.70 Td (comparable ) Tj ET Q q 0 0 0 rg BT 155.08 118.70 Td (to ) Tj ET Q q 0 0 0 rg BT 164.59 118.70 Td (similarly ) Tj ET Q q 0 0 0 rg BT 201.89 118.70 Td (titled ) Tj ET Q q 0 0 0 rg BT 224.18 118.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 263.12 118.70 Td (of ) Tj ET Q q 0 0 0 rg BT 273.19 118.70 Td (other ) Tj ET Q q 0 0 0 rg BT 295.48 118.70 Td (or) Tj ET Q q 0 0 0 rg BT 303.63 118.70 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 350.91 118.70 Td (because ) Tj ET Q q 0 0 0 rg BT 384.30 118.70 Td (other ) Tj ET Q q 0 0 0 rg BT 406.58 118.70 Td (or) Tj ET Q q 0 0 0 rg BT 414.73 118.70 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 462.02 118.70 Td (may ) Tj ET Q q 0 0 0 rg BT 480.97 118.70 Td (not ) Tj ET Q q 0 0 0 rg BT 495.49 118.70 Td (calculate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 106.70 Td (such ) Tj ET Q q 0 0 0 rg BT 101.83 106.70 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 147.02 106.70 Td ( ) Tj ET Q q 0 0 0 rg BT 149.52 106.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 189.22 106.70 Td (in ) Tj ET Q q 0 0 0 rg BT 199.50 106.70 Td (the ) Tj ET Q q 0 0 0 rg BT 214.22 106.70 Td (same ) Tj ET Q q 0 0 0 rg BT 237.26 106.70 Td (manner ) Tj ET Q q 0 0 0 rg BT 269.75 106.70 Td (as ) Tj ET Q q 0 0 0 rg BT 280.58 106.70 Td (we ) Tj ET Q q 0 0 0 rg BT 294.74 106.70 Td (do.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.24 106.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 88.70 Td (AUM ) Tj ET Q q 0 0 0 rg BT 124.53 88.70 Td (is ) Tj ET Q q 0 0 0 rg BT 133.40 88.70 Td (the ) Tj ET Q q 0 0 0 rg BT 147.82 88.70 Td (sum ) Tj ET Q q 0 0 0 rg BT 166.69 88.70 Td (of ) Tj ET Q q 0 0 0 rg BT 177.22 88.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 188.86 88.70 Td (total ) Tj ET Q q 0 0 0 rg BT 208.83 88.70 Td (invested ) Tj ET Q q 0 0 0 rg BT 244.36 88.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 269.89 88.70 Td (at ) Tj ET Q q 0 0 0 rg BT 279.30 88.70 Td (amortized ) Tj ET Q q 0 0 0 rg BT 321.48 88.70 Td (cost, ) Tj ET Q q 0 0 0 rg BT 342.29 88.70 Td (excluding ) Tj ET Q q 0 0 0 rg BT 383.92 88.70 Td (derivatives; ) Tj ET Q q 0 0 0 rg BT 432.77 88.70 Td (and ) Tj ET Q q 0 0 0 rg BT 449.41 88.70 Td (including ) Tj ET Q q 0 0 0 rg BT 489.39 88.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 503.80 88.70 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 76.70 Td (party ) Tj ET Q q 0 0 0 rg BT 104.63 76.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 128.83 76.70 Td (and ) Tj ET Q q 0 0 0 rg BT 146.36 76.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 197.22 76.70 Td (and ) Tj ET Q q 0 0 0 rg BT 214.74 76.70 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 232.83 76.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 253.68 76.70 Td (and ) Tj ET Q q 0 0 0 rg BT 271.21 76.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 292.06 76.70 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 342.51 76.70 Td (AAUM ) Tj ET Q q 0 0 0 rg BT 376.15 76.70 Td (is ) Tj ET Q q 0 0 0 rg BT 385.91 76.70 Td (the ) Tj ET Q q 0 0 0 rg BT 401.22 76.70 Td (sum ) Tj ET Q q 0 0 0 rg BT 420.97 76.70 Td (of ) Tj ET Q q 0 0 0 rg BT 431.71 76.70 Td (AUM ) Tj ET Q q 0 0 0 rg BT 458.13 76.70 Td (at ) Tj ET Q q 0 0 0 rg BT 468.44 76.70 Td (the ) Tj ET Q q 0 0 0 rg BT 483.74 76.70 Td (end ) Tj ET Q q 0 0 0 rg BT 501.27 76.70 Td (of ) Tj ET Q q 0 0 0 rg BT 512.68 76.70 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 64.70 Td (month ) Tj ET Q q 0 0 0 rg BT 109.06 64.70 Td (in ) Tj ET Q q 0 0 0 rg BT 119.33 64.70 Td (the ) Tj ET Q q 0 0 0 rg BT 134.05 64.70 Td (period ) Tj ET Q q 0 0 0 rg BT 162.10 64.70 Td (divided ) Tj ET Q q 0 0 0 rg BT 194.59 64.70 Td (by ) Tj ET Q q 0 0 0 rg BT 207.09 64.70 Td (the ) Tj ET Q q 0 0 0 rg BT 221.81 64.70 Td (number ) Tj ET Q q 0 0 0 rg BT 254.86 64.70 Td (of ) Tj ET Q q 0 0 0 rg BT 265.69 64.70 Td (months ) Tj ET Q q 0 0 0 rg BT 297.64 64.70 Td (in ) Tj ET Q q 0 0 0 rg BT 307.91 64.70 Td (the ) Tj ET Q q 0 0 0 rg BT 322.63 64.70 Td (period. ) Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 735.60 Td (T) Tj ET Q q 0 0 0 rg BT 104.41 735.60 Td (ogether ) Tj ET Q q 0 0 0 rg BT 138.87 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 161.13 735.60 Td (net ) Tj ET Q q 0 0 0 rg BT 177.83 735.60 Td (income ) Tj ET Q q 0 0 0 rg BT 211.74 735.60 Td (we ) Tj ET Q q 0 0 0 rg BT 227.88 735.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 260.24 735.60 Td (AOI ) Tj ET Q q 0 0 0 rg BT 282.49 735.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 321.41 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 330.33 735.60 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 380.35 735.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.81 735.60 Td (metric ) Tj ET Q q 0 0 0 rg BT 449.83 735.60 Td (that ) Tj ET Q q 0 0 0 rg BT 469.30 735.60 Td (helps ) Tj ET Q q 0 0 0 rg BT 494.89 735.60 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (understand ) Tj ET Q q 0 0 0 rg BT 127.38 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 143.21 723.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 189.03 723.60 Td (results ) Tj ET Q q 0 0 0 rg BT 217.64 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.58 723.60 Td (profitability) Tj ET Q q 0 0 0 rg BT 281.70 723.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 705.60 Td (AOI ) Tj ET Q q 0 0 0 rg BT 120.06 705.60 Td (should ) Tj ET Q q 0 0 0 rg BT 150.02 705.60 Td (not ) Tj ET Q q 0 0 0 rg BT 166.08 705.60 Td (be ) Tj ET Q q 0 0 0 rg BT 178.81 705.60 Td (used ) Tj ET Q q 0 0 0 rg BT 200.43 705.60 Td (as ) Tj ET Q q 0 0 0 rg BT 212.05 705.60 Td (a ) Tj ET Q q 0 0 0 rg BT 219.77 705.60 Td (substitute ) Tj ET Q q 0 0 0 rg BT 261.39 705.60 Td (for ) Tj ET Q q 0 0 0 rg BT 276.34 705.60 Td (net ) Tj ET Q q 0 0 0 rg BT 291.85 705.60 Td (income. ) Tj ET Q q 0 0 0 rg BT 327.07 705.60 Td (However) Tj ET Q q 0 0 0 rg BT 363.32 705.60 Td (, ) Tj ET Q q 0 0 0 rg BT 369.11 705.60 Td (we ) Tj ET Q q 0 0 0 rg BT 384.05 705.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 416.21 705.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.72 705.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 482.78 705.60 Td (made ) Tj ET Q q 0 0 0 rg BT 507.72 705.60 Td (to ) Tj ET Q q 0 0 0 rg BT 518.79 705.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 693.60 Td (income ) Tj ET Q q 0 0 0 rg BT 112.25 693.60 Td (in ) Tj ET Q q 0 0 0 rg BT 121.85 693.60 Td (order ) Tj ET Q q 0 0 0 rg BT 144.77 693.60 Td (to ) Tj ET Q q 0 0 0 rg BT 154.37 693.60 Td (derive ) Tj ET Q q 0 0 0 rg BT 180.77 693.60 Td (AOI ) Tj ET Q q 0 0 0 rg BT 200.37 693.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 232.73 693.60 Td (an ) Tj ET Q q 0 0 0 rg BT 243.99 693.60 Td (understanding ) Tj ET Q q 0 0 0 rg BT 302.47 693.60 Td (of ) Tj ET Q q 0 0 0 rg BT 312.62 693.60 Td (our ) Tj ET Q q 0 0 0 rg BT 327.77 693.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 357.35 693.60 Td (results ) Tj ET Q q 0 0 0 rg BT 385.28 693.60 Td (of ) Tj ET Q q 0 0 0 rg BT 395.43 693.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 441.41 693.60 Td (For ) Tj ET Q q 0 0 0 rg BT 457.12 693.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 495.31 693.60 Td (we ) Tj ET Q q 0 0 0 rg BT 508.79 693.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 681.60 Td (have ) Tj ET Q q 0 0 0 rg BT 102.31 681.60 Td (strong ) Tj ET Q q 0 0 0 rg BT 129.75 681.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 169.94 681.60 Td (results ) Tj ET Q q 0 0 0 rg BT 198.49 681.60 Td (in ) Tj ET Q q 0 0 0 rg BT 208.70 681.60 Td (a ) Tj ET Q q 0 0 0 rg BT 215.57 681.60 Td (given ) Tj ET Q q 0 0 0 rg BT 240.22 681.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 270.70 681.60 Td (yet ) Tj ET Q q 0 0 0 rg BT 285.35 681.60 Td (report ) Tj ET Q q 0 0 0 rg BT 311.66 681.60 Td (net ) Tj ET Q q 0 0 0 rg BT 326.31 681.60 Td (income ) Tj ET Q q 0 0 0 rg BT 358.18 681.60 Td (that ) Tj ET Q q 0 0 0 rg BT 375.61 681.60 Td (is ) Tj ET Q q 0 0 0 rg BT 384.72 681.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 427.69 681.60 Td (less, ) Tj ET Q q 0 0 0 rg BT 447.62 681.60 Td (if ) Tj ET Q q 0 0 0 rg BT 456.16 681.60 Td (during ) Tj ET Q q 0 0 0 rg BT 484.71 681.60 Td (such ) Tj ET Q q 0 0 0 rg BT 505.47 681.60 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.27 669.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 113.19 669.60 Td (value ) Tj ET Q q 0 0 0 rg BT 137.89 669.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.27 669.60 Td (our ) Tj ET Q q 0 0 0 rg BT 165.65 669.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 208.68 669.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 235.06 669.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 270.32 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.59 669.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 301.15 669.60 Td ( ) Tj ET Q q 0 0 0 rg BT 304.20 669.60 Td (index ) Tj ET Q q 0 0 0 rg BT 329.46 669.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 355.28 669.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 402.77 669.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 445.23 669.60 Td (due ) Tj ET Q q 0 0 0 rg BT 462.72 669.60 Td (to ) Tj ET Q q 0 0 0 rg BT 473.54 669.60 Td (general ) Tj ET Q q 0 0 0 rg BT 506.02 669.60 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 657.60 Td (market ) Tj ET Q q 0 0 0 rg BT 111.45 657.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 155.79 657.60 Td (but ) Tj ET Q q 0 0 0 rg BT 171.26 657.60 Td (the ) Tj ET Q q 0 0 0 rg BT 186.16 657.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 229.93 657.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 272.60 657.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 306.39 657.60 Td (related ) Tj ET Q q 0 0 0 rg BT 336.27 657.60 Td (to ) Tj ET Q q 0 0 0 rg BT 346.73 657.60 Td (the ) Tj ET Q q 0 0 0 rg BT 361.63 657.60 Td (index ) Tj ET Q q 0 0 0 rg BT 386.53 657.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 411.98 657.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 455.22 657.60 Td (did ) Tj ET Q q 0 0 0 rg BT 470.68 657.60 Td (not ) Tj ET Q q 0 0 0 rg BT 486.14 657.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 523.24 657.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 645.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.29 645.60 Td (same ) Tj ET Q q 0 0 0 rg BT 117.91 645.60 Td (proportion ) Tj ET Q q 0 0 0 rg BT 162.21 645.60 Td (as ) Tj ET Q q 0 0 0 rg BT 172.61 645.60 Td (the ) Tj ET Q q 0 0 0 rg BT 186.90 645.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 228.96 645.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 254.36 645.60 Td (because ) Tj ET Q q 0 0 0 rg BT 288.08 645.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.49 645.60 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 343.89 645.60 Td (market ) Tj ET Q q 0 0 0 rg BT 373.73 645.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 403.01 645.60 Td (such ) Tj ET Q q 0 0 0 rg BT 423.42 645.60 Td (as ) Tj ET Q q 0 0 0 rg BT 433.82 645.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 465.33 645.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 482.39 645.60 Td (movements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 633.60 Td (Similarly) Tj ET Q q 0 0 0 rg BT 117.57 633.60 Td (, ) Tj ET Q q 0 0 0 rg BT 121.80 633.60 Td (we ) Tj ET Q q 0 0 0 rg BT 135.19 633.60 Td (could ) Tj ET Q q 0 0 0 rg BT 159.13 633.60 Td (also ) Tj ET Q q 0 0 0 rg BT 176.97 633.60 Td (have ) Tj ET Q q 0 0 0 rg BT 197.58 633.60 Td (poor ) Tj ET Q q 0 0 0 rg BT 217.64 633.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 257.13 633.60 Td (results ) Tj ET Q q 0 0 0 rg BT 284.96 633.60 Td (in ) Tj ET Q q 0 0 0 rg BT 294.47 633.60 Td (a ) Tj ET Q q 0 0 0 rg BT 300.64 633.60 Td (given ) Tj ET Q q 0 0 0 rg BT 324.58 633.60 Td (period ) Tj ET Q q 0 0 0 rg BT 351.86 633.60 Td (yet ) Tj ET Q q 0 0 0 rg BT 365.80 633.60 Td (show ) Tj ET Q q 0 0 0 rg BT 388.65 633.60 Td (net ) Tj ET Q q 0 0 0 rg BT 402.59 633.60 Td (income ) Tj ET Q q 0 0 0 rg BT 433.75 633.60 Td (that ) Tj ET Q q 0 0 0 rg BT 450.48 633.60 Td (is ) Tj ET Q q 0 0 0 rg BT 458.88 633.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 501.14 633.60 Td (greater) Tj ET Q q 0 0 0 rg BT 528.50 633.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 621.60 Td (if ) Tj ET Q q 0 0 0 rg BT 89.49 621.60 Td (during ) Tj ET Q q 0 0 0 rg BT 117.99 621.60 Td (such ) Tj ET Q q 0 0 0 rg BT 138.70 621.60 Td (period ) Tj ET Q q 0 0 0 rg BT 166.63 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.24 621.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 197.50 621.60 Td (value ) Tj ET Q q 0 0 0 rg BT 221.54 621.60 Td (of ) Tj ET Q q 0 0 0 rg BT 232.25 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.86 621.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 289.22 621.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 314.94 621.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 353.97 621.60 Td (but ) Tj ET Q q 0 0 0 rg BT 369.13 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.73 621.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 427.21 621.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 469.58 621.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 503.07 621.60 Td (did ) Tj ET Q q 0 0 0 rg BT 518.24 621.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 609.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 116.70 609.60 Td (in ) Tj ET Q q 0 0 0 rg BT 127.43 609.60 Td (the ) Tj ET Q q 0 0 0 rg BT 142.60 609.60 Td (same ) Tj ET Q q 0 0 0 rg BT 166.09 609.60 Td (proportion ) Tj ET Q q 0 0 0 rg BT 211.26 609.60 Td (as ) Tj ET Q q 0 0 0 rg BT 222.54 609.60 Td (the ) Tj ET Q q 0 0 0 rg BT 237.70 609.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 280.63 609.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 309.20 609.60 Td (W) Tj ET Q q 0 0 0 rg BT 317.84 609.60 Td (e ) Tj ET Q q 0 0 0 rg BT 325.23 609.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 352.05 609.60 Td (our ) Tj ET Q q 0 0 0 rg BT 368.33 609.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 383.89 609.60 Td ( ) Tj ET Q q 0 0 0 rg BT 386.84 609.60 Td (index ) Tj ET Q q 0 0 0 rg BT 412.01 609.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 441.61 609.60 Td (with ) Tj ET Q q 0 0 0 rg BT 462.34 609.60 Td (a ) Tj ET Q q 0 0 0 rg BT 469.73 609.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 522.67 609.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 597.60 Td (static ) Tj ET Q q 0 0 0 rg BT 104.94 597.60 Td (and ) Tj ET Q q 0 0 0 rg BT 122.21 597.60 Td (dynamic ) Tj ET Q q 0 0 0 rg BT 159.48 597.60 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 202.58 597.60 Td (which ) Tj ET Q q 0 0 0 rg BT 229.86 597.60 Td (can ) Tj ET Q q 0 0 0 rg BT 246.57 597.60 Td (result ) Tj ET Q q 0 0 0 rg BT 271.62 597.60 Td (in ) Tj ET Q q 0 0 0 rg BT 282.24 597.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 318.95 597.60 Td (volatility) Tj ET Q q 0 0 0 rg BT 354.41 597.60 Td (, ) Tj ET Q q 0 0 0 rg BT 359.75 597.60 Td (the ) Tj ET Q q 0 0 0 rg BT 374.80 597.60 Td (ef) Tj ET Q q 0 0 0 rg BT 382.39 597.60 Td (fects ) Tj ET Q q 0 0 0 rg BT 404.10 597.60 Td (of ) Tj ET Q q 0 0 0 rg BT 415.26 597.60 Td (which ) Tj ET Q q 0 0 0 rg BT 442.54 597.60 Td (are ) Tj ET Q q 0 0 0 rg BT 457.58 597.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 497.62 597.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 523.23 597.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 585.60 Td (reverse ) Tj ET Q q 0 0 0 rg BT 111.83 585.60 Td (over ) Tj ET Q q 0 0 0 rg BT 131.56 585.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 153.80 585.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 171.31 585.60 Td (management ) Tj ET Q q 0 0 0 rg BT 224.36 585.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.77 585.60 Td (board ) Tj ET Q q 0 0 0 rg BT 265.50 585.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.79 585.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 312.74 585.60 Td (review ) Tj ET Q q 0 0 0 rg BT 341.48 585.60 Td (AOI ) Tj ET Q q 0 0 0 rg BT 361.21 585.60 Td (and ) Tj ET Q q 0 0 0 rg BT 377.61 585.60 Td (net ) Tj ET Q q 0 0 0 rg BT 391.79 585.60 Td (income ) Tj ET Q q 0 0 0 rg BT 423.19 585.60 Td (as ) Tj ET Q q 0 0 0 rg BT 433.48 585.60 Td (part ) Tj ET Q q 0 0 0 rg BT 450.99 585.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.28 585.60 Td (their ) Tj ET Q q 0 0 0 rg BT 481.57 585.60 Td (examination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 573.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.31 573.60 Td (our ) Tj ET Q q 0 0 0 rg BT 106.63 573.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 136.38 573.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 173.34 573.60 Td (results. ) Tj ET Q q 0 0 0 rg BT 203.94 573.60 Td (However) Tj ET Q q 0 0 0 rg BT 240.19 573.60 Td (, ) Tj ET Q q 0 0 0 rg BT 244.67 573.60 Td (these ) Tj ET Q q 0 0 0 rg BT 267.20 573.60 Td (examples ) Tj ET Q q 0 0 0 rg BT 306.95 573.60 Td (illustrate ) Tj ET Q q 0 0 0 rg BT 343.93 573.60 Td (the ) Tj ET Q q 0 0 0 rg BT 358.13 573.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 402.33 573.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 431.52 573.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 473.49 573.60 Td (and ) Tj ET Q q 0 0 0 rg BT 489.91 573.60 Td (embedded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 561.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 123.33 561.60 Td (movements ) Tj ET Q q 0 0 0 rg BT 171.78 561.60 Td (can ) Tj ET Q q 0 0 0 rg BT 188.00 561.60 Td (have ) Tj ET Q q 0 0 0 rg BT 209.23 561.60 Td (on ) Tj ET Q q 0 0 0 rg BT 221.58 561.60 Td (our ) Tj ET Q q 0 0 0 rg BT 237.25 561.60 Td (net ) Tj ET Q q 0 0 0 rg BT 251.82 561.60 Td (income. ) Tj ET Q q 0 0 0 rg BT 285.58 561.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 334.92 561.60 Td (, ) Tj ET Q q 0 0 0 rg BT 339.76 561.60 Td (our ) Tj ET Q q 0 0 0 rg BT 355.44 561.60 Td (management ) Tj ET Q q 0 0 0 rg BT 408.88 561.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.67 561.60 Td (board ) Tj ET Q q 0 0 0 rg BT 450.78 561.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.46 561.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 498.79 561.60 Td (perform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 549.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.94 549.60 Td (review ) Tj ET Q q 0 0 0 rg BT 117.65 549.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.58 549.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 169.30 549.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.13 549.60 Td (these ) Tj ET Q q 0 0 0 rg BT 203.18 549.60 Td (items, ) Tj ET Q q 0 0 0 rg BT 229.84 549.60 Td (as ) Tj ET Q q 0 0 0 rg BT 240.67 549.60 Td (part ) Tj ET Q q 0 0 0 rg BT 258.72 549.60 Td (of ) Tj ET Q q 0 0 0 rg BT 269.55 549.60 Td (their ) Tj ET Q q 0 0 0 rg BT 290.38 549.60 Td (review ) Tj ET Q q 0 0 0 rg BT 320.08 549.60 Td (of ) Tj ET Q q 0 0 0 rg BT 330.91 549.60 Td (our ) Tj ET Q q 0 0 0 rg BT 346.74 549.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 381.46 549.60 Td (results ) Tj ET Q q 0 0 0 rg BT 410.07 549.60 Td (each ) Tj ET Q q 0 0 0 rg BT 430.88 549.60 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 531.60 Td (The ) Tj ET Q q 0 0 0 rg BT 116.49 531.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 166.20 531.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.91 531.60 Td (net ) Tj ET Q q 0 0 0 rg BT 190.07 531.60 Td (income ) Tj ET Q q 0 0 0 rg BT 221.44 531.60 Td (are ) Tj ET Q q 0 0 0 rg BT 235.59 531.60 Td (net ) Tj ET Q q 0 0 0 rg BT 249.74 531.60 Td (of ) Tj ET Q q 0 0 0 rg BT 260.01 531.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 283.06 531.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.30 531.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 327.08 531.60 Td ( ) Tj ET Q q 0 0 0 rg BT 329.02 531.60 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 383.57 531.60 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 422.18 531.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 469.65 531.60 Td (to ) Tj ET Q q 0 0 0 rg BT 479.37 531.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.52 531.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.34 531.60 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 519.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 127.78 519.60 Td (for ) Tj ET Q q 0 0 0 rg BT 142.35 519.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 189.13 519.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 224.25 519.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.38 519.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 254.94 519.60 Td ( ) Tj ET Q q 0 0 0 rg BT 257.85 519.60 Td (index ) Tj ET Q q 0 0 0 rg BT 282.97 519.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 312.53 519.60 Td (and ) Tj ET Q q 0 0 0 rg BT 329.88 519.60 Td (the ) Tj ET Q q 0 0 0 rg BT 345.00 519.60 Td (related ) Tj ET Q q 0 0 0 rg BT 375.11 519.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 419.12 519.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 462.00 519.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 496.02 519.60 Td (fluctuate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 507.60 Td (from ) Tj ET Q q 0 0 0 rg BT 103.46 507.60 Td (period ) Tj ET Q q 0 0 0 rg BT 132.02 507.60 Td (to ) Tj ET Q q 0 0 0 rg BT 142.82 507.60 Td (period ) Tj ET Q q 0 0 0 rg BT 171.39 507.60 Td (based ) Tj ET Q q 0 0 0 rg BT 197.17 507.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 220.19 507.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 255.42 507.60 Td (in ) Tj ET Q q 0 0 0 rg BT 266.22 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 281.45 507.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 298.35 507.60 Td (values ) Tj ET Q q 0 0 0 rg BT 326.91 507.60 Td (of ) Tj ET Q q 0 0 0 rg BT 338.26 507.60 Td (call ) Tj ET Q q 0 0 0 rg BT 355.72 507.60 Td (options ) Tj ET Q q 0 0 0 rg BT 388.18 507.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 431.74 507.60 Td (to ) Tj ET Q q 0 0 0 rg BT 442.54 507.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 463.89 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.12 507.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 508.80 507.60 Td (index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 495.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 109.89 495.60 Td (for ) Tj ET Q q 0 0 0 rg BT 123.79 495.60 Td (FIAs, ) Tj ET Q q 0 0 0 rg BT 148.53 495.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 182.97 495.60 Td (in ) Tj ET Q q 0 0 0 rg BT 192.98 495.60 Td (the ) Tj ET Q q 0 0 0 rg BT 207.43 495.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.10 495.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 260.22 495.60 Td (used ) Tj ET Q q 0 0 0 rg BT 280.78 495.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.79 495.60 Td (discount ) Tj ET Q q 0 0 0 rg BT 326.92 495.60 Td (the ) Tj ET Q q 0 0 0 rg BT 341.37 495.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 384.70 495.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 426.91 495.60 Td (liability) Tj ET Q q 0 0 0 rg BT 457.37 495.60 Td (, ) Tj ET Q q 0 0 0 rg BT 462.11 495.60 Td (and ) Tj ET Q q 0 0 0 rg BT 478.78 495.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.23 495.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.35 495.60 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 483.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 133.07 483.60 Td (reflected ) Tj ET Q q 0 0 0 rg BT 170.66 483.60 Td (in ) Tj ET Q q 0 0 0 rg BT 181.06 483.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.89 483.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 239.61 483.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 282.21 483.60 Td (liability) Tj ET Q q 0 0 0 rg BT 312.67 483.60 Td (. ) Tj ET Q q 0 0 0 rg BT 317.60 483.60 Td (The ) Tj ET Q q 0 0 0 rg BT 335.76 483.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 382.25 483.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 422.64 483.60 Td (for ) Tj ET Q q 0 0 0 rg BT 436.92 483.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 453.42 483.60 Td (value ) Tj ET Q q 0 0 0 rg BT 477.69 483.60 Td (measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 471.60 Td (require ) Tj ET Q q 0 0 0 rg BT 112.72 471.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.35 471.60 Td (discount ) Tj ET Q q 0 0 0 rg BT 165.64 471.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 187.93 471.60 Td (used ) Tj ET Q q 0 0 0 rg BT 209.67 471.60 Td (in ) Tj ET Q q 0 0 0 rg BT 220.85 471.60 Td (the ) Tj ET Q q 0 0 0 rg BT 236.48 471.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 283.75 471.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.49 471.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.12 471.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 355.62 471.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 399.01 471.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 433.52 471.60 Td (to ) Tj ET Q q 0 0 0 rg BT 444.71 471.60 Td (be ) Tj ET Q q 0 0 0 rg BT 457.56 471.60 Td (based ) Tj ET Q q 0 0 0 rg BT 483.73 471.60 Td (on ) Tj ET Q q 0 0 0 rg BT 497.14 471.60 Td (risk-free ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 459.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 112.54 459.60 Td (rates. ) Tj ET Q q 0 0 0 rg BT 135.86 459.60 Td (The ) Tj ET Q q 0 0 0 rg BT 153.51 459.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 182.83 459.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.26 459.60 Td (the ) Tj ET Q q 0 0 0 rg BT 207.58 459.60 Td (change ) Tj ET Q q 0 0 0 rg BT 237.99 459.60 Td (in ) Tj ET Q q 0 0 0 rg BT 247.87 459.60 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 283.84 459.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 315.38 459.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 336.36 459.60 Td (has ) Tj ET Q q 0 0 0 rg BT 351.79 459.60 Td (been ) Tj ET Q q 0 0 0 rg BT 372.77 459.60 Td (removed ) Tj ET Q q 0 0 0 rg BT 409.86 459.60 Td (from ) Tj ET Q q 0 0 0 rg BT 431.40 459.60 Td (net ) Tj ET Q q 0 0 0 rg BT 445.72 459.60 Td (income ) Tj ET Q q 0 0 0 rg BT 477.25 459.60 Td (in ) Tj ET Q q 0 0 0 rg BT 487.13 459.60 Td (calculating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 447.60 Td (AOI. ) Tj ET Q q 0 0 0 rg BT 103.37 447.60 Td (Additionally ) Tj ET Q q 0 0 0 rg BT 156.61 447.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.51 447.60 Td (ef) Tj ET Q q 0 0 0 rg BT 179.10 447.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 196.77 447.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.79 447.60 Td (change ) Tj ET Q q 0 0 0 rg BT 238.80 447.60 Td (in ) Tj ET Q q 0 0 0 rg BT 249.26 447.60 Td (the ) Tj ET Q q 0 0 0 rg BT 264.17 447.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 280.73 447.60 Td (value ) Tj ET Q q 0 0 0 rg BT 305.07 447.60 Td (of ) Tj ET Q q 0 0 0 rg BT 316.09 447.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 447.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 379.77 447.60 Td (related ) Tj ET Q q 0 0 0 rg BT 409.66 447.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 453.44 447.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 496.11 447.60 Td (has ) Tj ET Q q 0 0 0 rg BT 512.13 447.60 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 435.60 Td (removed ) Tj ET Q q 0 0 0 rg BT 118.49 435.60 Td (from ) Tj ET Q q 0 0 0 rg BT 140.42 435.60 Td (net ) Tj ET Q q 0 0 0 rg BT 155.14 435.60 Td (income ) Tj ET Q q 0 0 0 rg BT 187.07 435.60 Td (in ) Tj ET Q q 0 0 0 rg BT 197.35 435.60 Td (calculating ) Tj ET Q q 0 0 0 rg BT 243.17 435.60 Td (AOI. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 417.60 Td (In ) Tj ET Q q 0 0 0 rg BT 109.23 417.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 146.41 417.60 Td (we ) Tj ET Q q 0 0 0 rg BT 159.98 417.60 Td (regularly ) Tj ET Q q 0 0 0 rg BT 197.97 417.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 231.54 417.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.89 417.60 Td (report ) Tj ET Q q 0 0 0 rg BT 273.67 417.60 Td (the ) Tj ET Q q 0 0 0 rg BT 287.79 417.60 Td (production ) Tj ET Q q 0 0 0 rg BT 333.02 417.60 Td (volume ) Tj ET Q q 0 0 0 rg BT 364.92 417.60 Td (metric ) Tj ET Q q 0 0 0 rg BT 392.36 417.60 Td (titled ) Tj ET Q q 0 0 0 rg BT 414.82 417.60 Td (Sales. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.21 417.60 Td (Sales ) Tj ET Q q 0 0 0 rg BT 472.22 417.60 Td (are ) Tj ET Q q 0 0 0 rg BT 486.33 417.60 Td (not ) Tj ET Q q 0 0 0 rg BT 501.02 417.60 Td (derived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 405.60 Td (from ) Tj ET Q q 0 0 0 rg BT 102.60 405.60 Td (any ) Tj ET Q q 0 0 0 rg BT 119.20 405.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 152.45 405.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 179.31 405.60 Td ( ) Tj ET Q q 0 0 0 rg BT 181.47 405.60 Td (income ) Tj ET Q q 0 0 0 rg BT 213.06 405.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 253.54 405.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 290.69 405.60 Td (or ) Tj ET Q q 0 0 0 rg BT 301.18 405.60 Td (line ) Tj ET Q q 0 0 0 rg BT 318.34 405.60 Td (items ) Tj ET Q q 0 0 0 rg BT 342.16 405.60 Td (and ) Tj ET Q q 0 0 0 rg BT 358.76 405.60 Td (should ) Tj ET Q q 0 0 0 rg BT 387.59 405.60 Td (not ) Tj ET Q q 0 0 0 rg BT 402.53 405.60 Td (be ) Tj ET Q q 0 0 0 rg BT 414.13 405.60 Td (viewed ) Tj ET Q q 0 0 0 rg BT 445.17 405.60 Td (as ) Tj ET Q q 0 0 0 rg BT 455.66 405.60 Td (a ) Tj ET Q q 0 0 0 rg BT 462.26 405.60 Td (substitute ) Tj ET Q q 0 0 0 rg BT 502.75 405.60 Td (for ) Tj ET Q q 0 0 0 rg BT 516.57 405.60 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 393.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.81 393.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 152.96 393.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 199.77 393.60 Td (in ) Tj ET Q q 0 0 0 rg BT 209.38 393.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 256.17 393.60 Td (with ) Tj ET Q q 0 0 0 rg BT 275.78 393.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 301.90 393.60 Td (. ) Tj ET Q q 0 0 0 rg BT 306.23 393.60 Td (For ) Tj ET Q q 0 0 0 rg BT 321.95 393.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 348.81 393.60 Td ( ) Tj ET Q q 0 0 0 rg BT 350.64 393.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 388.02 393.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 419.85 393.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 441.12 393.60 Td (are ) Tj ET Q q 0 0 0 rg BT 455.16 393.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 491.96 393.60 Td (as ) Tj ET Q q 0 0 0 rg BT 502.12 393.60 Td (deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 381.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 120.03 381.60 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 137.40 381.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 171.42 381.60 Td (holder ) Tj ET Q q 0 0 0 rg BT 198.78 381.60 Td (funds\). ) Tj ET Q q 0 0 0 rg BT 228.65 381.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 282.67 381.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 317.26 381.60 Td (that ) Tj ET Q q 0 0 0 rg BT 334.07 381.60 Td (presentation ) Tj ET Q q 0 0 0 rg BT 384.76 381.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.91 381.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 416.16 381.60 Td (as ) Tj ET Q q 0 0 0 rg BT 426.31 381.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 466.44 381.60 Td (for ) Tj ET Q q 0 0 0 rg BT 479.92 381.60 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 369.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 118.68 369.60 Td (enhances ) Tj ET Q q 0 0 0 rg BT 157.46 369.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.81 369.60 Td (understanding ) Tj ET Q q 0 0 0 rg BT 230.59 369.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.06 369.60 Td (our ) Tj ET Q q 0 0 0 rg BT 256.52 369.60 Td (business ) Tj ET Q q 0 0 0 rg BT 292.54 369.60 Td (and ) Tj ET Q q 0 0 0 rg BT 309.11 369.60 Td (helps ) Tj ET Q q 0 0 0 rg BT 332.35 369.60 Td (depict ) Tj ET Q q 0 0 0 rg BT 358.92 369.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 386.59 369.60 Td (term ) Tj ET Q q 0 0 0 rg BT 407.05 369.60 Td (trends ) Tj ET Q q 0 0 0 rg BT 433.62 369.60 Td (that ) Tj ET Q q 0 0 0 rg BT 450.75 369.60 Td (may ) Tj ET Q q 0 0 0 rg BT 470.09 369.60 Td (not ) Tj ET Q q 0 0 0 rg BT 485.00 369.60 Td (be ) Tj ET Q q 0 0 0 rg BT 496.57 369.60 Td (apparent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 357.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 357.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.00 357.60 Td (results ) Tj ET Q q 0 0 0 rg BT 134.60 357.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.43 357.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.59 357.60 Td (due ) Tj ET Q q 0 0 0 rg BT 206.53 357.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.81 357.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.52 357.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 260.14 357.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.97 357.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 292.90 357.60 Td (and ) Tj ET Q q 0 0 0 rg BT 309.84 357.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 343.99 357.60 Td (recognition.) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 325.20 Td (Critical ) Tj ET Q q 0 0 0 rg BT 115.71 325.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 167.10 325.20 Td (Policies ) Tj ET Q q 0 0 0 rg BT 201.82 325.20 Td (and ) Tj ET Q q 0 0 0 rg BT 220.44 325.20 Td (Estimates ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 308.70 Td (General ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 292.20 Td (The ) Tj ET Q q 0 0 0 rg BT 123.34 292.20 Td (preparation ) Tj ET Q q 0 0 0 rg BT 171.67 292.20 Td (of ) Tj ET Q q 0 0 0 rg BT 182.80 292.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 220.57 292.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 265.58 292.20 Td (in ) Tj ET Q q 0 0 0 rg BT 276.15 292.20 Td (conformity ) Tj ET Q q 0 0 0 rg BT 323.38 292.20 Td (with ) Tj ET Q q 0 0 0 rg BT 343.96 292.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 370.81 292.20 Td ( ) Tj ET Q q 0 0 0 rg BT 373.61 292.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 408.61 292.20 Td (us ) Tj ET Q q 0 0 0 rg BT 420.30 292.20 Td (to ) Tj ET Q q 0 0 0 rg BT 430.87 292.20 Td (make ) Tj ET Q q 0 0 0 rg BT 455.32 292.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 495.33 292.20 Td (and ) Tj ET Q q 0 0 0 rg BT 512.56 292.20 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 280.20 Td (that ) Tj ET Q q 0 0 0 rg BT 98.17 280.20 Td (af) Tj ET Q q 0 0 0 rg BT 105.76 280.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 122.92 280.20 Td (the ) Tj ET Q q 0 0 0 rg BT 137.32 280.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 172.81 280.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 208.88 280.20 Td (of ) Tj ET Q q 0 0 0 rg BT 219.38 280.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 244.89 280.20 Td (and ) Tj ET Q q 0 0 0 rg BT 261.51 280.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 300.90 280.20 Td (and ) Tj ET Q q 0 0 0 rg BT 317.52 280.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 360.24 280.20 Td (of ) Tj ET Q q 0 0 0 rg BT 370.75 280.20 Td (contingent ) Tj ET Q q 0 0 0 rg BT 415.14 280.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 440.65 280.20 Td (and ) Tj ET Q q 0 0 0 rg BT 457.26 280.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 496.66 280.20 Td (at ) Tj ET Q q 0 0 0 rg BT 506.05 280.20 Td (the ) Tj ET Q q 0 0 0 rg BT 520.45 280.20 Td (date ) Tj ET Q q 0 0 0 rg BT 539.28 280.20 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 280.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 268.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.00 268.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 164.24 268.20 Td (and ) Tj ET Q q 0 0 0 rg BT 181.70 268.20 Td (the ) Tj ET Q q 0 0 0 rg BT 196.93 268.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 233.27 268.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 270.18 268.20 Td (of ) Tj ET Q q 0 0 0 rg BT 281.53 268.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 320.09 268.20 Td (and ) Tj ET Q q 0 0 0 rg BT 337.55 268.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 376.67 268.20 Td (during ) Tj ET Q q 0 0 0 rg BT 405.80 268.20 Td (the ) Tj ET Q q 0 0 0 rg BT 421.04 268.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 460.71 268.20 Td (period. ) Tj ET Q q 0 0 0 rg BT 491.78 268.20 Td (Critical ) Tj ET Q q 0 0 0 rg BT 524.79 268.20 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 256.20 Td (and ) Tj ET Q q 0 0 0 rg BT 97.92 256.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 149.85 256.20 Td (are ) Tj ET Q q 0 0 0 rg BT 164.54 256.20 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 205.33 256.20 Td (on ) Tj ET Q q 0 0 0 rg BT 217.81 256.20 Td (an ) Tj ET Q q 0 0 0 rg BT 229.73 256.20 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 264.98 256.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 287.46 256.20 Td (based ) Tj ET Q q 0 0 0 rg BT 312.71 256.20 Td (on ) Tj ET Q q 0 0 0 rg BT 325.19 256.20 Td (historical ) Tj ET Q q 0 0 0 rg BT 364.89 256.20 Td (developments, ) Tj ET Q q 0 0 0 rg BT 425.41 256.20 Td (market ) Tj ET Q q 0 0 0 rg BT 455.65 256.20 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 502.30 256.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 537.56 256.20 Td (trends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 244.20 Td (and ) Tj ET Q q 0 0 0 rg BT 97.13 244.20 Td (other ) Tj ET Q q 0 0 0 rg BT 119.37 244.20 Td (information ) Tj ET Q q 0 0 0 rg BT 168.28 244.20 Td (that ) Tj ET Q q 0 0 0 rg BT 184.97 244.20 Td (is ) Tj ET Q q 0 0 0 rg BT 193.33 244.20 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 237.78 244.20 Td (under ) Tj ET Q q 0 0 0 rg BT 262.24 244.20 Td (the ) Tj ET Q q 0 0 0 rg BT 276.15 244.20 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 336.86 244.20 Td (There ) Tj ET Q q 0 0 0 rg BT 361.87 244.20 Td (can ) Tj ET Q q 0 0 0 rg BT 377.44 244.20 Td (be ) Tj ET Q q 0 0 0 rg BT 388.57 244.20 Td (no ) Tj ET Q q 0 0 0 rg BT 400.26 244.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 440.82 244.20 Td (that ) Tj ET Q q 0 0 0 rg BT 457.51 244.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 483.08 244.20 Td (results ) Tj ET Q q 0 0 0 rg BT 510.88 244.20 Td (will ) Tj ET Q q 0 0 0 rg BT 528.13 244.20 Td (conform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 232.20 Td (to ) Tj ET Q q 0 0 0 rg BT 91.54 232.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 131.51 232.20 Td (and ) Tj ET Q q 0 0 0 rg BT 148.71 232.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 200.92 232.20 Td (and ) Tj ET Q q 0 0 0 rg BT 218.12 232.20 Td (that ) Tj ET Q q 0 0 0 rg BT 235.87 232.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 271.95 232.20 Td (results ) Tj ET Q q 0 0 0 rg BT 300.82 232.20 Td (of ) Tj ET Q q 0 0 0 rg BT 311.91 232.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 356.32 232.20 Td (will ) Tj ET Q q 0 0 0 rg BT 374.64 232.20 Td (not ) Tj ET Q q 0 0 0 rg BT 390.18 232.20 Td (be ) Tj ET Q q 0 0 0 rg BT 402.38 232.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 445.67 232.20 Td (af) Tj ET Q q 0 0 0 rg BT 453.26 232.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 480.45 232.20 Td (by ) Tj ET Q q 0 0 0 rg BT 493.21 232.20 Td (the ) Tj ET Q q 0 0 0 rg BT 508.18 232.20 Td (need ) Tj ET Q q 0 0 0 rg BT 529.82 232.20 Td (to ) Tj ET Q q 0 0 0 rg BT 540.36 232.20 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 220.20 Td (future ) Tj ET Q q 0 0 0 rg BT 107.38 220.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 153.75 220.20 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 204.02 220.20 Td (to ) Tj ET Q q 0 0 0 rg BT 214.30 220.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 242.33 220.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 277.04 220.20 Td (in ) Tj ET Q q 0 0 0 rg BT 287.32 220.20 Td (these ) Tj ET Q q 0 0 0 rg BT 310.37 220.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 350.08 220.20 Td (and ) Tj ET Q q 0 0 0 rg BT 367.02 220.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 418.96 220.20 Td (from ) Tj ET Q q 0 0 0 rg BT 440.90 220.20 Td (time ) Tj ET Q q 0 0 0 rg BT 461.18 220.20 Td (to ) Tj ET Q q 0 0 0 rg BT 471.45 220.20 Td (time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 199.20 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 199.20 Td (e ) Tj ET Q q 0 0 0 rg BT 119.77 199.20 Td (have ) Tj ET Q q 0 0 0 rg BT 140.34 199.20 Td (identified ) Tj ET Q q 0 0 0 rg BT 180.35 199.20 Td (the ) Tj ET Q q 0 0 0 rg BT 194.26 199.20 Td (following ) Tj ET Q q 0 0 0 rg BT 234.84 199.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 280.41 199.20 Td (policies, ) Tj ET Q q 0 0 0 rg BT 315.71 199.20 Td (judgments ) Tj ET Q q 0 0 0 rg BT 359.06 199.20 Td (and ) Tj ET Q q 0 0 0 rg BT 375.20 199.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 414.10 199.20 Td (as ) Tj ET Q q 0 0 0 rg BT 424.13 199.20 Td (critical ) Tj ET Q q 0 0 0 rg BT 453.58 199.20 Td (in ) Tj ET Q q 0 0 0 rg BT 463.05 199.20 Td (that ) Tj ET Q q 0 0 0 rg BT 479.74 199.20 Td (they ) Tj ET Q q 0 0 0 rg BT 498.65 199.20 Td (involve ) Tj ET Q q 0 0 0 rg BT 530.34 199.20 Td (a ) Tj ET Q q 0 0 0 rg BT 536.47 199.20 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 187.20 Td (degree ) Tj ET Q q 0 0 0 rg BT 109.82 187.20 Td (of ) Tj ET Q q 0 0 0 rg BT 120.32 187.20 Td (judgment ) Tj ET Q q 0 0 0 rg BT 160.26 187.20 Td (and ) Tj ET Q q 0 0 0 rg BT 176.87 187.20 Td (are ) Tj ET Q q 0 0 0 rg BT 191.25 187.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 221.74 187.20 Td (to ) Tj ET Q q 0 0 0 rg BT 231.69 187.20 Td (a ) Tj ET Q q 0 0 0 rg BT 238.30 187.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 282.68 187.20 Td (degree ) Tj ET Q q 0 0 0 rg BT 311.50 187.20 Td (of ) Tj ET Q q 0 0 0 rg BT 322.00 187.20 Td (variability: ) Tj ET Q q 0 0 0 rg BT 368.05 187.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 407.43 187.20 Td (of ) Tj ET Q q 0 0 0 rg BT 417.93 187.20 Td (available-for ) Tj ET Q q 0 0 0 rg BT 471.18 187.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 488.90 187.20 Td (\("AFS"\) ) Tj ET Q q 0 0 0 rg BT 524.23 187.20 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 175.20 Td (and ) Tj ET Q q 0 0 0 rg BT 98.56 175.20 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 148.06 175.20 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 192.83 175.20 Td (of ) Tj ET Q q 0 0 0 rg BT 204.29 175.20 Td (OTTI, ) Tj ET Q q 0 0 0 rg BT 232.68 175.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 286.34 175.20 Td (of ) Tj ET Q q 0 0 0 rg BT 297.79 175.20 Td (DAC ) Tj ET Q q 0 0 0 rg BT 322.03 175.20 Td (and ) Tj ET Q q 0 0 0 rg BT 339.37 175.20 Td (VOBA, ) Tj ET Q q 0 0 0 rg BT 373.33 175.20 Td (reserves ) Tj ET Q q 0 0 0 rg BT 409.21 175.20 Td (for ) Tj ET Q q 0 0 0 rg BT 423.99 175.20 Td (future ) Tj ET Q q 0 0 0 rg BT 451.00 175.20 Td (policy ) Tj ET Q q 0 0 0 rg BT 479.11 175.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 513.89 175.20 Td (and ) Tj ET Q q 0 0 0 rg BT 531.46 175.20 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 163.20 Td (guarantees, ) Tj ET Q q 0 0 0 rg BT 129.23 163.20 Td (recognition ) Tj ET Q q 0 0 0 rg BT 177.76 163.20 Td (of ) Tj ET Q q 0 0 0 rg BT 189.07 163.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 225.36 163.20 Td (income ) Tj ET Q q 0 0 0 rg BT 257.77 163.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 272.97 163.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 299.28 163.20 Td (and ) Tj ET Q q 0 0 0 rg BT 316.70 163.20 Td (related ) Tj ET Q q 0 0 0 rg BT 346.88 163.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 387.07 163.20 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 436.98 163.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 477.17 163.20 Td (of ) Tj ET Q q 0 0 0 rg BT 488.48 163.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 507.03 163.20 Td (contingencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 151.20 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 151.20 Td (recognition ) Tj ET Q q 0 0 0 rg BT 145.98 151.20 Td (of ) Tj ET Q q 0 0 0 rg BT 156.81 151.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 180.42 151.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 238.46 151.20 Td (expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 130.20 Td (In ) Tj ET Q q 0 0 0 rg BT 114.83 130.20 Td (developing ) Tj ET Q q 0 0 0 rg BT 160.75 130.20 Td (these ) Tj ET Q q 0 0 0 rg BT 182.80 130.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 228.17 130.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 266.87 130.20 Td (and ) Tj ET Q q 0 0 0 rg BT 282.81 130.20 Td (policies, ) Tj ET Q q 0 0 0 rg BT 317.91 130.20 Td (we ) Tj ET Q q 0 0 0 rg BT 331.06 130.20 Td (make ) Tj ET Q q 0 0 0 rg BT 354.21 130.20 Td (subjective ) Tj ET Q q 0 0 0 rg BT 396.25 130.20 Td (and ) Tj ET Q q 0 0 0 rg BT 412.18 130.20 Td (complex ) Tj ET Q q 0 0 0 rg BT 448.11 130.20 Td (judgments ) Tj ET Q q 0 0 0 rg BT 491.27 130.20 Td (that ) Tj ET Q q 0 0 0 rg BT 507.76 130.20 Td (are ) Tj ET Q q 0 0 0 rg BT 521.47 130.20 Td (inherently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 118.20 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 121.32 118.20 Td (and ) Tj ET Q q 0 0 0 rg BT 138.88 118.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 170.32 118.20 Td (to ) Tj ET Q q 0 0 0 rg BT 181.22 118.20 Td (material ) Tj ET Q q 0 0 0 rg BT 217.10 118.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 252.42 118.20 Td (as ) Tj ET Q q 0 0 0 rg BT 263.87 118.20 Td (facts ) Tj ET Q q 0 0 0 rg BT 285.87 118.20 Td (and ) Tj ET Q q 0 0 0 rg BT 303.43 118.20 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 363.19 118.20 Td (develop. ) Tj ET Q q 0 0 0 rg BT 399.77 118.20 Td (Although ) Tj ET Q q 0 0 0 rg BT 440.67 118.20 Td (variability ) Tj ET Q q 0 0 0 rg BT 484.89 118.20 Td (is ) Tj ET Q q 0 0 0 rg BT 494.68 118.20 Td (inherent ) Tj ET Q q 0 0 0 rg BT 530.56 118.20 Td (in ) Tj ET Q q 0 0 0 rg BT 541.46 118.20 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 106.20 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 122.76 106.20 Td (we ) Tj ET Q q 0 0 0 rg BT 136.47 106.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 167.39 106.20 Td (the ) Tj ET Q q 0 0 0 rg BT 181.65 106.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 217.58 106.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 255.18 106.20 Td (are ) Tj ET Q q 0 0 0 rg BT 269.43 106.20 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 317.01 106.20 Td (based ) Tj ET Q q 0 0 0 rg BT 341.83 106.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 363.88 106.20 Td (the ) Tj ET Q q 0 0 0 rg BT 378.14 106.20 Td (facts ) Tj ET Q q 0 0 0 rg BT 399.06 106.20 Td (available ) Tj ET Q q 0 0 0 rg BT 437.20 106.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 459.25 106.20 Td (preparation ) Tj ET Q q 0 0 0 rg BT 506.83 106.20 Td (of ) Tj ET Q q 0 0 0 rg BT 517.21 106.20 Td (our ) Tj ET Q q 0 0 0 rg BT 532.58 106.20 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 94.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 134.75 94.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 172.93 94.20 Td (statements. ) Tj ET Q q 0 0 0 rg BT 220.61 94.20 Td (W) Tj ET Q q 0 0 0 rg BT 229.25 94.20 Td (e ) Tj ET Q q 0 0 0 rg BT 236.89 94.20 Td (continually ) Tj ET Q q 0 0 0 rg BT 285.08 94.20 Td (update ) Tj ET Q q 0 0 0 rg BT 314.94 94.20 Td (and ) Tj ET Q q 0 0 0 rg BT 332.58 94.20 Td (assess ) Tj ET Q q 0 0 0 rg BT 360.23 94.20 Td (the ) Tj ET Q q 0 0 0 rg BT 375.65 94.20 Td (facts ) Tj ET Q q 0 0 0 rg BT 397.73 94.20 Td (and ) Tj ET Q q 0 0 0 rg BT 415.37 94.20 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 475.22 94.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 516.74 94.20 Td (all ) Tj ET Q q 0 0 0 rg BT 529.93 94.20 Td (of ) Tj ET Q q 0 0 0 rg BT 541.47 94.20 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 82.20 Td (critical ) Tj ET Q q 0 0 0 rg BT 111.26 82.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 157.63 82.20 Td (matters ) Tj ET Q q 0 0 0 rg BT 189.56 82.20 Td (and ) Tj ET Q q 0 0 0 rg BT 206.50 82.20 Td (other ) Tj ET Q q 0 0 0 rg BT 229.55 82.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 274.26 82.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 320.63 82.20 Td (matters ) Tj ET Q q 0 0 0 rg BT 352.57 82.20 Td (af) Tj ET Q q 0 0 0 rg BT 360.16 82.20 Td (fecting ) Tj ET Q q 0 0 0 rg BT 390.42 82.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 430.13 82.20 Td (in ) Tj ET Q q 0 0 0 rg BT 440.41 82.20 Td (our ) Tj ET Q q 0 0 0 rg BT 456.24 82.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 493.72 82.20 Td (statements. ) Tj ET Q endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.34 742.10 Td (above ) Tj ET Q q 0 0 0 rg BT 148.01 742.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 177.56 742.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 223.22 742.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 262.23 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 276.23 742.10 Td (also ) Tj ET Q q 0 0 0 rg BT 294.13 742.10 Td (described ) Tj ET Q q 0 0 0 rg BT 334.23 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.80 742.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 369.12 742.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 378.41 742.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 423.69 742.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 472.13 742.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 505.59 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.82 742.10 Td (Practices" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.11 730.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.04 730.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 194.32 730.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 234.03 730.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.91 730.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 704.60 Td (V) Tj ET Q q 0 0 0 rg BT 98.56 704.60 Td (aluation ) Tj ET Q q 0 0 0 rg BT 135.52 704.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.98 704.60 Td (AFS ) Tj ET Q q 0 0 0 rg BT 167.38 704.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 210.44 704.60 Td (and ) Tj ET Q q 0 0 0 rg BT 228.50 704.60 Td (Derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 688.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.56 688.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 145.12 688.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 181.02 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.47 688.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 224.47 688.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 264.25 688.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 304.02 688.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.92 688.10 Td (AFS ) Tj ET Q q 0 0 0 rg BT 334.28 688.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.50 688.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 383.82 688.10 Td (at ) Tj ET Q q 0 0 0 rg BT 393.05 688.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 408.94 688.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 435.11 688.10 Td (with ) Tj ET Q q 0 0 0 rg BT 454.90 688.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 498.55 688.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 521.67 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.12 688.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 676.10 Td (included ) Tj ET Q q 0 0 0 rg BT 119.53 676.10 Td (within ) Tj ET Q q 0 0 0 rg BT 149.18 676.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 203.80 676.10 Td (other ) Tj ET Q q 0 0 0 rg BT 228.45 676.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 293.08 676.10 Td (income ) Tj ET Q q 0 0 0 rg BT 326.60 676.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 352.92 676.10 Td (\("AOCI"\), ) Tj ET Q q 0 0 0 rg BT 398.79 676.10 Td (net ) Tj ET Q q 0 0 0 rg BT 415.10 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.52 676.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 472.71 676.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 504.02 676.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.12 676.10 Td (intangibles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 664.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 130.68 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.03 664.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 182.25 664.10 Td (income ) Tj ET Q q 0 0 0 rg BT 213.59 664.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 238.54 664.10 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 284.32 664.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 307.33 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.68 664.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 349.48 664.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 388.04 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.16 664.10 Td (dif) Tj ET Q q 0 0 0 rg BT 413.09 664.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 444.41 664.10 Td (between ) Tj ET Q q 0 0 0 rg BT 479.64 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.76 664.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 511.78 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 522.02 664.10 Td (amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 652.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 99.62 652.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 122.13 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.07 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.80 652.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 170.18 652.10 Td (value ) Tj ET Q q 0 0 0 rg BT 194.35 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.19 652.10 Td (these ) Tj ET Q q 0 0 0 rg BT 228.24 652.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 280.84 652.10 Td (W) Tj ET Q q 0 0 0 rg BT 289.48 652.10 Td (e ) Tj ET Q q 0 0 0 rg BT 296.43 652.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 332.25 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.98 652.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 363.36 652.10 Td (value ) Tj ET Q q 0 0 0 rg BT 387.53 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.37 652.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.65 652.10 Td (AFS ) Tj ET Q q 0 0 0 rg BT 434.51 652.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 474.78 652.10 Td (based ) Tj ET Q q 0 0 0 rg BT 500.06 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 512.56 652.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 640.10 Td (used ) Tj ET Q q 0 0 0 rg BT 101.84 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 114.35 640.10 Td (market ) Tj ET Q q 0 0 0 rg BT 144.63 640.10 Td (participants, ) Tj ET Q q 0 0 0 rg BT 196.29 640.10 Td (which ) Tj ET Q q 0 0 0 rg BT 223.24 640.10 Td (may ) Tj ET Q q 0 0 0 rg BT 242.97 640.10 Td (include ) Tj ET Q q 0 0 0 rg BT 274.91 640.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 310.19 640.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 327.70 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.65 640.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 391.59 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 404.10 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.83 640.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 436.89 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 447.73 640.10 Td (use ) Tj ET Q q 0 0 0 rg BT 463.57 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.41 640.10 Td (an ) Tj ET Q q 0 0 0 rg BT 486.36 640.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 510.63 640.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.69 640.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.42 628.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.39 628.10 Td (value ) Tj ET Q q 0 0 0 rg BT 131.14 628.10 Td (is ) Tj ET Q q 0 0 0 rg BT 139.91 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.22 628.10 Td (price ) Tj ET Q q 0 0 0 rg BT 176.30 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 193.39 628.10 Td (would ) Tj ET Q q 0 0 0 rg BT 220.48 628.10 Td (be ) Tj ET Q q 0 0 0 rg BT 232.01 628.10 Td (received ) Tj ET Q q 0 0 0 rg BT 267.97 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.84 628.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 293.82 628.10 Td (an ) Tj ET Q q 0 0 0 rg BT 305.35 628.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 326.88 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.76 628.10 Td (an ) Tj ET Q q 0 0 0 rg BT 348.29 628.10 Td (orderly ) Tj ET Q q 0 0 0 rg BT 379.26 628.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 425.23 628.10 Td (between ) Tj ET Q q 0 0 0 rg BT 460.63 628.10 Td (market ) Tj ET Q q 0 0 0 rg BT 490.49 628.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 539.24 628.10 Td (\(exit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 616.10 Td (price\) ) Tj ET Q q 0 0 0 rg BT 111.79 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.59 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.84 616.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 176.42 616.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 209.71 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 221.07 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.32 616.10 Td (most ) Tj ET Q q 0 0 0 rg BT 258.80 616.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 316.25 616.10 Td (market ) Tj ET Q q 0 0 0 rg BT 347.05 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.86 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.11 616.10 Td (absence ) Tj ET Q q 0 0 0 rg BT 407.78 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.15 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.62 616.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 465.19 616.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 498.48 616.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.17 616.10 Td (that ) Tj ET Q q 0 0 0 rg BT 531.20 616.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 553.67 616.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 604.10 Td (liability) Tj ET Q q 0 0 0 rg BT 111.46 604.10 Td (. ) Tj ET Q q 0 0 0 rg BT 116.32 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 124.96 604.10 Td (e ) Tj ET Q q 0 0 0 rg BT 131.94 604.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 159.48 604.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 210.90 604.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 241.77 604.10 Td (services ) Tj ET Q q 0 0 0 rg BT 276.52 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.85 604.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 331.06 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.82 604.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 362.24 604.10 Td (values ) Tj ET Q q 0 0 0 rg BT 390.33 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.65 604.10 Td (AFS ) Tj ET Q q 0 0 0 rg BT 421.54 604.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 464.17 604.10 Td (The ) Tj ET Q q 0 0 0 rg BT 482.26 604.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 533.68 604.10 Td (pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 592.10 Td (services ) Tj ET Q q 0 0 0 rg BT 115.73 592.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 163.79 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.75 592.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 201.04 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.89 592.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 257.73 592.10 Td (market ) Tj ET Q q 0 0 0 rg BT 288.01 592.10 Td (data ) Tj ET Q q 0 0 0 rg BT 307.19 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.50 592.10 Td (their ) Tj ET Q q 0 0 0 rg BT 338.34 592.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 378.08 592.10 Td (techniques, ) Tj ET Q q 0 0 0 rg BT 425.87 592.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 468.94 592.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 504.78 592.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 535.63 592.10 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 580.10 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 128.04 580.10 Td (yields, ) Tj ET Q q 0 0 0 rg BT 157.05 580.10 Td (broker) Tj ET Q q 0 0 0 rg BT 182.95 580.10 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 213.32 580.10 Td (quotes, ) Tj ET Q q 0 0 0 rg BT 244.55 580.10 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 291.59 580.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 334.48 580.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 353.77 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.82 580.10 Td (of) Tj ET Q q 0 0 0 rg BT 378.97 580.10 Td (fers, ) Tj ET Q q 0 0 0 rg BT 399.08 580.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 424.47 580.10 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 456.80 580.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 489.40 580.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 514.79 580.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 568.10 Td (other ) Tj ET Q q 0 0 0 rg BT 120.99 568.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 160.67 568.10 Td (data. ) Tj ET Q endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 121.21 742.10 Td (categorize ) Tj ET Q q 0 0 0 rg BT 165.42 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.20 742.10 Td (AFS ) Tj ET Q q 0 0 0 rg BT 202.68 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 243.58 742.10 Td (into ) Tj ET Q q 0 0 0 rg BT 262.27 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.84 742.10 Td (three-level ) Tj ET Q q 0 0 0 rg BT 315.72 742.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 356.61 742.10 Td (based ) Tj ET Q q 0 0 0 rg BT 382.52 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 395.65 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.00 742.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 444.13 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.60 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.95 742.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 498.53 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.44 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.80 742.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (technique. ) Tj ET Q q 0 0 0 rg BT 124.49 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 142.32 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 158.48 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 182.41 730.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 222.45 730.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 245.84 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.34 730.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 291.51 730.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 323.78 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.84 730.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 363.34 730.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 389.50 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.56 730.10 Td (active ) Tj ET Q q 0 0 0 rg BT 425.71 730.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 459.65 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 473.59 730.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 510.30 730.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 535.92 730.10 Td (\(Level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (1\) ) Tj ET Q q 0 0 0 rg BT 92.13 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.37 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.39 718.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 153.30 718.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 186.10 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.68 718.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 252.80 718.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 280.05 718.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 308.95 718.10 Td (3\). ) Tj ET Q q 0 0 0 rg BT 322.58 718.10 Td (If ) Tj ET Q q 0 0 0 rg BT 332.04 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.06 718.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 374.32 718.10 Td (used ) Tj ET Q q 0 0 0 rg BT 395.45 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.03 718.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 442.15 718.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 458.83 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 483.29 718.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 499.41 718.10 Td (within ) Tj ET Q q 0 0 0 rg BT 527.77 718.10 Td (dif) Tj ET Q q 0 0 0 rg BT 538.70 718.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 107.39 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.78 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.06 706.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 171.16 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 176.72 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.00 706.10 Td (category ) Tj ET Q q 0 0 0 rg BT 229.49 706.10 Td (level ) Tj ET Q q 0 0 0 rg BT 251.98 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 261.71 706.10 Td (based ) Tj ET Q q 0 0 0 rg BT 287.54 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 300.60 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.88 706.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 345.05 706.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 378.11 706.10 Td (level ) Tj ET Q q 0 0 0 rg BT 400.60 706.10 Td (input ) Tj ET Q q 0 0 0 rg BT 424.22 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 442.28 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 452.01 706.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 497.28 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.12 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.40 706.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.34 706.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 136.96 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.93 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.79 694.10 Td (instrument. ) Tj ET Q q 0 0 0 rg BT 210.52 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 228.71 694.10 Td (following ) Tj ET Q q 0 0 0 rg BT 270.25 694.10 Td (table ) Tj ET Q q 0 0 0 rg BT 292.33 694.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 327.74 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.60 694.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 359.12 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 383.42 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.40 694.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 417.59 694.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 454.12 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.20 694.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 498.84 694.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 541.17 694.10 Td (AFS, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 93.50 682.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 124.33 682.10 Td (source ) Tj ET Q q 0 0 0 rg BT 152.92 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.86 682.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 210.12 682.10 Td (level ) Tj ET Q q 0 0 0 rg BT 232.05 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.88 682.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.71 682.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 313.97 682.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.97 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.47 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.41 682.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.41 682.10 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 579.10 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 579.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 579.10 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 579.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 579.10 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 579.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 579.10 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 579.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 579.10 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 551.10 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 551.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 551.10 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 551.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 551.10 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 551.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 551.10 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 551.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 551.10 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 523.10 149.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 523.10 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 523.10 79.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 523.10 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 523.10 79.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 523.10 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 523.10 79.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 523.10 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 523.10 79.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 490.10 149.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 490.10 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 490.10 79.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 490.10 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 490.10 79.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 490.10 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 490.10 79.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 490.10 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 490.10 79.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 445.10 149.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 445.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 445.10 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 445.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 445.10 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 445.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 445.10 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 445.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 445.10 79.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 642.1 m 312.5 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 642.1 m 316.5 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 642.1 m 395.5 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 642.1 m 399.5 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 642.1 m 478.5 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 642.1 m 482.5 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 642.1 m 561.5 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 600.1 m 312.5 600.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 600.1 m 395.5 600.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 600.1 m 478.5 600.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 600.1 m 561.5 600.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 537.1 m 312.5 537.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 537.1 m 395.5 537.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 537.1 m 478.5 537.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 537.1 m 561.5 537.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 445.1 m 312.5 445.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 445.1 m 312.5 445.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 432.1 m 312.5 432.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 445.1 m 395.5 445.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 432.1 m 395.5 432.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 445.1 m 478.5 445.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 432.1 m 478.5 432.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 445.1 m 561.5 445.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 432.1 m 561.5 432.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 432.1 m 312.5 432.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.85 646.33 Td (As of September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 613.48 Td (\(dollars in millions\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 92.50 604.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.05 634.18 Td (QuotedPricesin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.10 626.18 Td (ActiveMarketsfor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.90 618.18 Td (Identical ) Tj ET Q q 0 0 0 rg BT 277.68 618.18 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.50 610.18 Td (\(Level 1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.49 610.18 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.05 629.48 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.80 621.48 Td (ObservableInputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.50 613.48 Td (\(Level 2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.49 613.48 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.50 604.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.05 634.18 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.90 626.18 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.35 618.18 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.50 610.18 Td (\(Level 3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.49 610.18 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.75 613.48 Td (T) Tj ET Q q 0 0 0 rg BT 517.35 613.48 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.24 613.48 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 604.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 591.33 Td (Fixed maturity securities and equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 583.33 Td (securities available-for-sale:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 569.35 Td (Prices via third party pricing services) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.00 569.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 569.35 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 569.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 569.35 Td (18,554) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 569.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 569.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 569.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 569.35 Td (18,637) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 555.35 Td (Priced via independent broker quotations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 555.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 555.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 555.35 Td (1,199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 555.35 Td (1,199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 541.35 Td (Priced via other methods) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 541.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 541.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 541.35 Td (258) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.30 541.35 Td (258) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 527.35 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.00 527.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 527.35 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 527.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 527.35 Td (18,554) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 527.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 527.35 Td (1,457) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 527.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 527.35 Td (20,094) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 507.33 Td (Available-for-sale embedded derivative:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 494.35 Td (Priced via other methods) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 494.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 494.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 494.35 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 494.35 Td (13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 470.33 Td (Salus participations, included in other) Tj ET Q q 0 0 0 rg BT 212.88 470.33 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 462.33 Td (invested assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 449.35 Td (Priced via other methods) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 449.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 449.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 449.35 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 449.35 Td (21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 436.33 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.00 436.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 436.35 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 436.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 436.35 Td (18,554) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 436.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 436.35 Td (1,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 436.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 436.35 Td (20,128) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 422.35 Td (% of Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 422.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.30 422.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 422.35 Td (92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 422.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 422.35 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 422.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.30 422.35 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 422.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 315.60 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 315.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 315.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 315.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 315.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 315.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 315.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 315.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 315.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 287.60 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 287.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 287.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 287.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 287.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 287.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 287.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 287.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 287.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 259.60 149.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 259.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 259.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 259.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 259.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 259.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 259.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 259.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 259.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 233.60 149.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 233.60 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 233.60 79.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 233.60 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 233.60 79.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 233.60 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 233.60 79.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 233.60 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 233.60 79.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 183.60 149.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 183.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 183.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 183.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 183.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 183.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 183.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 183.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 183.60 79.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 378.6 m 312.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 378.6 m 316.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 378.6 m 395.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 378.6 m 399.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 378.6 m 478.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 378.6 m 482.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 378.6 m 561.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 336.6 m 312.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 336.6 m 395.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 336.6 m 478.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 336.6 m 561.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 273.6 m 233.5 273.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 259.6 m 233.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 273.6 m 312.5 273.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 259.6 m 312.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 273.6 m 395.5 273.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 259.6 m 395.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 273.6 m 478.5 273.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 259.6 m 478.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 273.6 m 561.5 273.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 259.6 m 561.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 183.60000000000002 m 312.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 170.60000000000002 m 312.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 183.60000000000002 m 395.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 170.60000000000002 m 395.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 183.60000000000002 m 478.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 170.60000000000002 m 478.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 183.60000000000002 m 561.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 170.60000000000002 m 561.5 170.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.85 382.83 Td (As of September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 348.83 Td (\(dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 340.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.05 370.68 Td (QuotedPricesin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.10 362.68 Td (ActiveMarketsfor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.90 354.68 Td (Identical Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.50 346.68 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.05 364.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.80 356.83 Td (ObservableInputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.50 348.83 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.50 340.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.05 370.68 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.90 362.68 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.35 354.68 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.50 346.68 Td (\(Level 3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.75 348.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 340.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 327.83 Td (Fixed maturity securities and equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 319.83 Td (securities available-for-sale:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 305.85 Td (Prices via third party pricing services) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.00 305.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 305.85 Td (86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 305.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 305.85 Td (17,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 305.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 305.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 305.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 305.85 Td (17,147) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 291.85 Td (Priced via independent broker quotations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 291.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 291.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 291.85 Td (1,119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 291.85 Td (1,119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 277.85 Td (Priced via other methods) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 277.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 277.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 277.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.30 277.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 263.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.00 263.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 263.85 Td (86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 263.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 263.85 Td (17,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 263.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 263.85 Td (1,219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 263.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 263.85 Td (18,366) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 250.83 Td (Available-for-sale embedded derivative:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 237.85 Td (Priced via other methods) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 237.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 237.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 237.85 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 237.85 Td (10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 224.83 Td (Salus and Energy & Infrastructur) Tj ET Q q 0 0 0 rg BT 199.31 224.83 Td (e ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 216.83 Td (Capital \("EIC"\) participations, included ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 208.83 Td (in other) Tj ET Q q 0 0 0 rg BT 109.74 208.83 Td ( invested assets:) Tj ET Q BT /F2 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 187.85 Td (Priced via other methods) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 187.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 187.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 187.85 Td (119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.30 187.85 Td (119) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 174.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.00 174.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 174.85 Td (86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 174.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 174.85 Td (17,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 174.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 174.85 Td (1,348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 174.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 174.85 Td (18,495) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 160.85 Td (% of Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 160.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.30 160.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 160.85 Td (93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 160.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 160.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 160.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.30 160.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 160.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 136.10 Td (Management) Tj ET Q q 0 0 0 rg BT 159.98 136.10 Td (s ) Tj ET Q q 0 0 0 rg BT 166.86 136.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 214.29 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.60 136.10 Td (all ) Tj ET Q q 0 0 0 rg BT 238.58 136.10 Td (available ) Tj ET Q q 0 0 0 rg BT 277.66 136.10 Td (data ) Tj ET Q q 0 0 0 rg BT 297.30 136.10 Td (when ) Tj ET Q q 0 0 0 rg BT 321.95 136.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 373.26 136.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 390.12 136.10 Td (value ) Tj ET Q q 0 0 0 rg BT 414.77 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.08 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.63 136.10 Td (AFS ) Tj ET Q q 0 0 0 rg BT 461.96 136.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 502.71 136.10 Td (is ) Tj ET Q q 0 0 0 rg BT 512.37 136.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 554.22 136.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 124.10 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 138.09 124.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 164.08 124.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 181.73 124.10 Td (value ) Tj ET Q q 0 0 0 rg BT 207.16 124.10 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 257.03 124.10 Td (The ) Tj ET Q q 0 0 0 rg BT 276.35 124.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 329.00 124.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 361.10 124.10 Td (services ) Tj ET Q q 0 0 0 rg BT 397.08 124.10 Td (also ) Tj ET Q q 0 0 0 rg BT 416.97 124.10 Td (take ) Tj ET Q q 0 0 0 rg BT 437.40 124.10 Td (into ) Tj ET Q q 0 0 0 rg BT 456.73 124.10 Td (account ) Tj ET Q q 0 0 0 rg BT 491.60 124.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 534.23 124.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 112.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 129.39 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.11 112.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 172.26 112.10 Td (news, ) Tj ET Q q 0 0 0 rg BT 197.60 112.10 Td (as ) Tj ET Q q 0 0 0 rg BT 208.21 112.10 Td (well ) Tj ET Q q 0 0 0 rg BT 227.71 112.10 Td (as ) Tj ET Q q 0 0 0 rg BT 238.32 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.04 112.10 Td (security) Tj ET Q q 0 0 0 rg BT 279.47 112.10 Td (s ) Tj ET Q q 0 0 0 rg BT 285.65 112.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 310.15 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.87 112.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 373.31 112.10 Td (including ) Tj ET Q q 0 0 0 rg BT 413.37 112.10 Td (any ) Tj ET Q q 0 0 0 rg BT 430.09 112.10 Td (features ) Tj ET Q q 0 0 0 rg BT 464.02 112.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 497.39 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.45 112.10 Td (that ) Tj ET Q q 0 0 0 rg BT 524.73 112.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 547.01 112.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 100.10 Td (may ) Tj ET Q q 0 0 0 rg BT 100.73 100.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 140.44 100.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 157.96 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.91 100.10 Td (marketability) Tj ET Q q 0 0 0 rg BT 227.57 100.10 Td (. ) Tj ET Q q 0 0 0 rg BT 232.58 100.10 Td (Depending ) Tj ET Q q 0 0 0 rg BT 278.97 100.10 Td (on ) Tj ET Q q 0 0 0 rg BT 291.49 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.21 100.10 Td (security) Tj ET Q q 0 0 0 rg BT 337.22 100.10 Td (, ) Tj ET Q q 0 0 0 rg BT 342.23 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.96 100.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 389.47 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.31 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.04 100.10 Td (use ) Tj ET Q q 0 0 0 rg BT 430.88 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.73 100.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 487.55 100.10 Td (market ) Tj ET Q q 0 0 0 rg BT 517.83 100.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 544.79 100.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 88.10 Td (change ) Tj ET Q q 0 0 0 rg BT 111.58 88.10 Td (as ) Tj ET Q q 0 0 0 rg BT 122.18 88.10 Td (some ) Tj ET Q q 0 0 0 rg BT 145.56 88.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 191.15 88.10 Td (market ) Tj ET Q q 0 0 0 rg BT 221.18 88.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 247.90 88.10 Td (may ) Tj ET Q q 0 0 0 rg BT 267.38 88.10 Td (not ) Tj ET Q q 0 0 0 rg BT 282.43 88.10 Td (be ) Tj ET Q q 0 0 0 rg BT 294.14 88.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 328.61 88.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.21 88.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 381.47 88.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 408.19 88.10 Td (may ) Tj ET Q q 0 0 0 rg BT 427.68 88.10 Td (be ) Tj ET Q q 0 0 0 rg BT 439.38 88.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 477.60 88.10 Td (. ) Tj ET Q q 0 0 0 rg BT 482.21 88.10 Td (W) Tj ET Q q 0 0 0 rg BT 490.84 88.10 Td (e ) Tj ET Q q 0 0 0 rg BT 497.55 88.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 537.02 88.10 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 76.10 Td (one ) Tj ET Q q 0 0 0 rg BT 98.64 76.10 Td (value ) Tj ET Q q 0 0 0 rg BT 123.49 76.10 Td (from ) Tj ET Q q 0 0 0 rg BT 146.13 76.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.66 76.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 197.51 76.10 Td (external ) Tj ET Q q 0 0 0 rg BT 232.91 76.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 264.43 76.10 Td (service. ) Tj ET Q q 0 0 0 rg BT 298.45 76.10 Td (In ) Tj ET Q q 0 0 0 rg BT 309.97 76.10 Td (situations ) Tj ET Q q 0 0 0 rg BT 351.51 76.10 Td (where ) Tj ET Q q 0 0 0 rg BT 379.13 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.77 76.10 Td (price ) Tj ET Q q 0 0 0 rg BT 409.96 76.10 Td (is ) Tj ET Q q 0 0 0 rg BT 419.82 76.10 Td (not ) Tj ET Q q 0 0 0 rg BT 435.80 76.10 Td (available ) Tj ET Q q 0 0 0 rg BT 475.09 76.10 Td (from ) Tj ET Q q 0 0 0 rg BT 497.72 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.14 76.10 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 64.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 112.07 64.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 145.63 64.10 Td (we ) Tj ET Q q 0 0 0 rg BT 160.03 64.10 Td (may ) Tj ET Q q 0 0 0 rg BT 179.99 64.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 207.73 64.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 236.57 64.10 Td (quotes ) Tj ET Q q 0 0 0 rg BT 265.42 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 276.50 64.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 303.12 64.10 Td (from ) Tj ET Q q 0 0 0 rg BT 325.30 64.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 368.03 64.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 397.43 64.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 444.03 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.56 64.10 Td (be ) Tj ET Q q 0 0 0 rg BT 466.74 64.10 Td (market ) Tj ET Q q 0 0 0 rg BT 497.24 64.10 Td (participants. ) Tj ET Q q 0 0 0 rg BT 548.94 64.10 Td (W) Tj ET Q q 0 0 0 rg BT 557.58 64.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 52.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 111.86 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.07 52.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 154.16 52.10 Td (quotes ) Tj ET Q q 0 0 0 rg BT 182.26 52.10 Td (are ) Tj ET Q q 0 0 0 rg BT 196.46 52.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 222.33 52.10 Td (at ) Tj ET Q q 0 0 0 rg BT 231.54 52.10 Td (which ) Tj ET Q q 0 0 0 rg BT 257.97 52.10 Td (trades ) Tj ET Q q 0 0 0 rg BT 283.84 52.10 Td (could ) Tj ET Q q 0 0 0 rg BT 308.05 52.10 Td (be ) Tj ET Q q 0 0 0 rg BT 319.48 52.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 357.01 52.10 Td (based ) Tj ET Q q 0 0 0 rg BT 381.77 52.10 Td (on ) Tj ET Q q 0 0 0 rg BT 393.76 52.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 432.96 52.10 Td (trades ) Tj ET Q q 0 0 0 rg BT 458.83 52.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 496.36 52.10 Td (at ) Tj ET Q q 0 0 0 rg BT 505.57 52.10 Td (broker) Tj ET Q q 0 0 0 rg BT 531.46 52.10 Td (-quoted ) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.50 742.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 123.68 742.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 151.40 742.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 179.79 742.10 Td (When ) Tj ET Q q 0 0 0 rg BT 205.84 742.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 235.23 742.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 261.28 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.23 742.10 Td (active ) Tj ET Q q 0 0 0 rg BT 297.28 742.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 331.11 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 345.49 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 360.44 742.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 401.20 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.59 742.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 473.30 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.80 742.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 524.29 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.34 742.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 90.61 730.10 Td (based ) Tj ET Q q 0 0 0 rg BT 116.33 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 129.27 730.10 Td (market ) Tj ET Q q 0 0 0 rg BT 159.98 730.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 196.80 730.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 236.96 730.10 Td (methodologies, ) Tj ET Q q 0 0 0 rg BT 301.28 730.10 Td (including ) Tj ET Q q 0 0 0 rg BT 342.00 730.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 388.27 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 408.98 730.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 436.65 730.10 Td (matrix ) Tj ET Q q 0 0 0 rg BT 465.70 730.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 499.47 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 510.74 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 534.23 730.10 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (techniques. ) Tj ET Q q 0 0 0 rg BT 127.78 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.29 718.10 Td (For ) Tj ET Q q 0 0 0 rg BT 144.69 718.10 Td (further ) Tj ET Q q 0 0 0 rg BT 173.41 718.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 216.60 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 228.11 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.84 718.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 280.56 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.41 718.10 Td (Salus ) Tj ET Q q 0 0 0 rg BT 313.59 718.10 Td (participations, ) Tj ET Q q 0 0 0 rg BT 372.03 718.10 Td (see ) Tj ET Q q 0 0 0 rg BT 386.31 718.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 411.34 718.10 Td (6. ) Tj ET Q q 0 0 0 rg BT 420.36 718.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 437.87 718.10 Td (V) Tj ET Q q 0 0 0 rg BT 443.98 718.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 462.15 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.99 718.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 510.72 718.10 Td (Instruments" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.11 706.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.04 706.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 194.32 706.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 234.03 706.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.91 706.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 685.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 685.10 Td (e ) Tj ET Q q 0 0 0 rg BT 120.83 685.10 Td (validate ) Tj ET Q q 0 0 0 rg BT 155.23 685.10 Td (external ) Tj ET Q q 0 0 0 rg BT 190.19 685.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 234.05 685.10 Td (at ) Tj ET Q q 0 0 0 rg BT 244.02 685.10 Td (least ) Tj ET Q q 0 0 0 rg BT 265.10 685.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 303.95 685.10 Td (through ) Tj ET Q q 0 0 0 rg BT 337.81 685.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.00 685.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 397.74 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.83 685.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 455.45 685.10 Td (that ) Tj ET Q q 0 0 0 rg BT 473.20 685.10 Td (include ) Tj ET Q q 0 0 0 rg BT 505.39 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.36 685.10 Td (evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.67 673.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 150.88 673.10 Td (used ) Tj ET Q q 0 0 0 rg BT 170.55 673.10 Td (by ) Tj ET Q q 0 0 0 rg BT 181.88 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.44 673.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 225.10 673.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 261.14 673.10 Td (comparisons ) Tj ET Q q 0 0 0 rg BT 313.02 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.14 673.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 364.57 673.10 Td (from ) Tj ET Q q 0 0 0 rg BT 385.35 673.10 Td (other ) Tj ET Q q 0 0 0 rg BT 407.23 673.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 457.44 673.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 487.10 673.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 523.14 673.10 Td (analytical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 661.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 115.07 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.48 661.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 185.97 661.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 221.16 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.46 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.65 661.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 274.50 661.10 Td (against ) Tj ET Q q 0 0 0 rg BT 305.79 661.10 Td (trends, ) Tj ET Q q 0 0 0 rg BT 335.70 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.11 661.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 406.61 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.91 661.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.32 661.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 466.06 661.10 Td (watch ) Tj ET Q q 0 0 0 rg BT 492.91 661.10 Td (list. ) Tj ET Q q 0 0 0 rg BT 510.60 661.10 Td (See ) Tj ET Q q 0 0 0 rg BT 528.01 661.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 554.51 661.10 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 649.10 Td (Investments" ) Tj ET Q q 0 0 0 rg BT 136.35 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.74 649.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 180.20 649.10 Td (6. ) Tj ET Q q 0 0 0 rg BT 190.65 649.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 209.49 649.10 Td (V) Tj ET Q q 0 0 0 rg BT 215.60 649.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 235.21 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.48 649.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 286.64 649.10 Td (Instruments" ) Tj ET Q q 0 0 0 rg BT 340.88 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.61 649.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.88 649.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.26 649.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 455.98 649.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 496.14 649.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 649.10 Td ( ) Tj ET Q q 0 0 0 rg BT 542.97 649.10 Td (for ) Tj ET Q q 0 0 0 rg BT 557.57 649.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 637.10 Td (more ) Tj ET Q q 0 0 0 rg BT 104.05 637.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 143.20 637.10 Td (discussion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 616.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.65 616.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 139.21 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.30 616.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 181.49 616.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 210.69 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.00 616.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 254.64 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.52 616.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 287.48 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.36 616.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 330.31 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.85 616.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 363.70 616.10 Td (based ) Tj ET Q q 0 0 0 rg BT 389.57 616.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.66 616.10 Td (an ) Tj ET Q q 0 0 0 rg BT 415.20 616.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 447.72 616.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 465.80 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 477.23 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.54 616.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 546.16 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.58 616.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 604.10 Td (market ) Tj ET Q q 0 0 0 rg BT 111.07 604.10 Td (index. ) Tj ET Q q 0 0 0 rg BT 137.93 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 146.57 604.10 Td (e ) Tj ET Q q 0 0 0 rg BT 153.32 604.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 179.50 604.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 209.02 604.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 244.10 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.74 604.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.38 604.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 308.79 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.88 604.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 346.18 604.10 Td (market ) Tj ET Q q 0 0 0 rg BT 376.26 604.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 393.57 604.10 Td (by ) Tj ET Q q 0 0 0 rg BT 405.88 604.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 440.95 604.10 Td (into ) Tj ET Q q 0 0 0 rg BT 458.82 604.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 501.11 604.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 553.68 604.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 592.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 106.36 592.10 Td (so, ) Tj ET Q q 0 0 0 rg BT 120.33 592.10 Td (we ) Tj ET Q q 0 0 0 rg BT 134.56 592.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 172.68 592.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 219.13 592.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 262.26 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.17 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.19 592.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 332.76 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.67 592.10 Td (call ) Tj ET Q q 0 0 0 rg BT 360.68 592.10 Td (options ) Tj ET Q q 0 0 0 rg BT 392.70 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.72 592.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 440.07 592.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 478.74 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 491.32 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.11 592.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 533.69 592.10 Td (indices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 580.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 126.42 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.74 580.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 183.93 580.10 Td (policy) Tj ET Q q 0 0 0 rg BT 208.28 580.10 Td (. ) Tj ET Q q 0 0 0 rg BT 212.72 580.10 Td (These ) Tj ET Q q 0 0 0 rg BT 238.70 580.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 284.67 580.10 Td (are ) Tj ET Q q 0 0 0 rg BT 298.98 580.10 Td (used ) Tj ET Q q 0 0 0 rg BT 319.41 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.29 580.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 349.72 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.03 580.10 Td (index ) Tj ET Q q 0 0 0 rg BT 388.35 580.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 417.10 580.10 Td (due ) Tj ET Q q 0 0 0 rg BT 433.64 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.52 580.10 Td (contractholders ) Tj ET Q q 0 0 0 rg BT 507.26 580.10 Td (under ) Tj ET Q q 0 0 0 rg BT 532.13 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.44 580.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 562.01 580.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 568.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 123.12 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 142.46 568.10 Td (call ) Tj ET Q q 0 0 0 rg BT 160.70 568.10 Td (options ) Tj ET Q q 0 0 0 rg BT 193.94 568.10 Td (are ) Tj ET Q q 0 0 0 rg BT 209.95 568.10 Td (one-, ) Tj ET Q q 0 0 0 rg BT 234.02 568.10 Td (two- ) Tj ET Q q 0 0 0 rg BT 256.15 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.38 568.10 Td (three-year ) Tj ET Q q 0 0 0 rg BT 318.70 568.10 Td (call ) Tj ET Q q 0 0 0 rg BT 336.94 568.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 372.68 568.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 417.02 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.60 568.10 Td (match ) Tj ET Q q 0 0 0 rg BT 456.83 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.07 568.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 502.75 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.88 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.89 568.10 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 556.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 135.30 556.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 180.71 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.03 556.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 210.59 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.68 556.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 253.37 556.10 Td (with ) Tj ET Q q 0 0 0 rg BT 273.24 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.55 556.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 320.18 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.60 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.91 556.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 372.00 556.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 410.19 556.10 Td (hedged ) Tj ET Q q 0 0 0 rg BT 441.16 556.10 Td (using ) Tj ET Q q 0 0 0 rg BT 464.93 556.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 494.79 556.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 535.48 556.10 Td (On ) Tj ET Q q 0 0 0 rg BT 549.79 556.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 544.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 124.53 544.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 174.17 544.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 197.71 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.03 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.24 544.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 268.33 544.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 283.89 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 286.88 544.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 328.47 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.68 544.10 Td (market ) Tj ET Q q 0 0 0 rg BT 374.44 544.10 Td (index ) Tj ET Q q 0 0 0 rg BT 399.65 544.10 Td (used ) Tj ET Q q 0 0 0 rg BT 420.98 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.75 544.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 469.18 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.39 544.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 514.04 544.10 Td (index ) Tj ET Q q 0 0 0 rg BT 539.25 544.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 532.10 Td (under ) Tj ET Q q 0 0 0 rg BT 106.48 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.41 532.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 165.22 532.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 180.78 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.49 532.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 218.41 532.10 Td (is ) Tj ET Q q 0 0 0 rg BT 227.79 532.10 Td (reset. ) Tj ET Q q 0 0 0 rg BT 251.28 532.10 Td (At ) Tj ET Q q 0 0 0 rg BT 264.00 532.10 Td (such ) Tj ET Q q 0 0 0 rg BT 285.04 532.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 308.03 532.10 Td (we ) Tj ET Q q 0 0 0 rg BT 322.40 532.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 360.65 532.10 Td (new ) Tj ET Q q 0 0 0 rg BT 380.03 532.10 Td (one-, ) Tj ET Q q 0 0 0 rg BT 403.01 532.10 Td (two-, ) Tj ET Q q 0 0 0 rg BT 426.55 532.10 Td (three-, ) Tj ET Q q 0 0 0 rg BT 455.08 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 466.13 532.10 Td (five-year ) Tj ET Q q 0 0 0 rg BT 504.92 532.10 Td (call ) Tj ET Q q 0 0 0 rg BT 522.07 532.10 Td (options ) Tj ET Q q 0 0 0 rg BT 554.23 532.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 520.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 101.36 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.61 520.10 Td (next ) Tj ET Q q 0 0 0 rg BT 134.86 520.10 Td (index ) Tj ET Q q 0 0 0 rg BT 159.11 520.10 Td (credit. ) Tj ET Q q 0 0 0 rg BT 186.25 520.10 Td (W) Tj ET Q q 0 0 0 rg BT 194.89 520.10 Td (e ) Tj ET Q q 0 0 0 rg BT 201.36 520.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 233.38 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.19 520.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 276.32 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.56 520.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 308.70 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.07 520.10 Td (these ) Tj ET Q q 0 0 0 rg BT 341.64 520.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 383.10 520.10 Td (through ) Tj ET Q q 0 0 0 rg BT 416.24 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.49 520.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 454.74 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.10 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.35 520.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 494.91 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.94 520.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 537.57 520.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 508.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 110.11 508.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 145.32 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.10 508.10 Td (caps ) Tj ET Q q 0 0 0 rg BT 176.88 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 188.21 508.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 241.75 508.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 266.13 508.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 297.46 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.24 508.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 338.45 508.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 385.32 508.10 Td (minimums ) Tj ET Q q 0 0 0 rg BT 431.11 508.10 Td (that ) Tj ET Q q 0 0 0 rg BT 449.10 508.10 Td (must ) Tj ET Q q 0 0 0 rg BT 471.56 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 484.00 508.10 Td (maintained. ) Tj ET Q q 0 0 0 rg BT 533.72 508.10 Td (W) Tj ET Q q 0 0 0 rg BT 542.35 508.10 Td (e ) Tj ET Q q 0 0 0 rg BT 549.80 508.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 496.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 116.03 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.07 496.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 151.09 496.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 168.91 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.95 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.43 496.10 Td (event ) Tj ET Q q 0 0 0 rg BT 217.34 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.93 496.10 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 299.04 496.10 Td (by ) Tj ET Q q 0 0 0 rg BT 311.30 496.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.89 496.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 385.79 496.10 Td (on ) Tj ET Q q 0 0 0 rg BT 398.05 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.53 496.10 Td (call ) Tj ET Q q 0 0 0 rg BT 429.22 496.10 Td (options. ) Tj ET Q q 0 0 0 rg BT 463.27 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 471.90 496.10 Td (e ) Tj ET Q q 0 0 0 rg BT 478.60 496.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 510.85 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.89 496.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 549.80 496.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 484.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 106.10 484.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 123.43 484.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 166.86 484.10 Td (with ) Tj ET Q q 0 0 0 rg BT 186.98 484.10 Td (such ) Tj ET Q q 0 0 0 rg BT 207.64 484.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 255.51 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 267.85 484.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 314.06 484.10 Td (such ) Tj ET Q q 0 0 0 rg BT 334.72 484.10 Td (options ) Tj ET Q q 0 0 0 rg BT 366.51 484.10 Td (from ) Tj ET Q q 0 0 0 rg BT 388.28 484.10 Td (lar) Tj ET Q q 0 0 0 rg BT 398.65 484.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 412.92 484.10 Td (well-established ) Tj ET Q q 0 0 0 rg BT 480.24 484.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.55 484.10 Td (institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 91.83 472.10 Td (well ) Tj ET Q q 0 0 0 rg BT 111.55 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 122.38 472.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 155.43 472.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 195.13 472.10 Td (when ) Tj ET Q q 0 0 0 rg BT 219.29 472.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 262.34 472.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 315.38 472.10 Td (exposures ) Tj ET Q q 0 0 0 rg BT 357.87 472.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 388.12 472.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 417.82 472.10 Td (thresholds. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 451.10 Td (All ) Tj ET Q q 0 0 0 rg BT 119.50 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.56 451.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.61 451.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 186.32 451.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 234.71 451.10 Td (are ) Tj ET Q q 0 0 0 rg BT 248.64 451.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 294.23 451.10 Td (as ) Tj ET Q q 0 0 0 rg BT 304.28 451.10 Td (either ) Tj ET Q q 0 0 0 rg BT 328.77 451.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 353.83 451.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.88 451.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 402.83 451.10 Td (at ) Tj ET Q q 0 0 0 rg BT 411.77 451.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 427.37 451.10 Td (value ) Tj ET Q q 0 0 0 rg BT 450.75 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.25 451.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.31 451.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 529.81 451.10 Td (Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 439.10 Td (Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.11 439.10 Td (. ) Tj ET Q q 0 0 0 rg BT 111.38 439.10 Td (The ) Tj ET Q q 0 0 0 rg BT 128.83 439.10 Td (change ) Tj ET Q q 0 0 0 rg BT 159.05 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.74 439.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 184.52 439.10 Td (value ) Tj ET Q q 0 0 0 rg BT 208.08 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.32 439.10 Td (our ) Tj ET Q q 0 0 0 rg BT 233.56 439.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 275.44 439.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 300.68 439.10 Td (is ) Tj ET Q q 0 0 0 rg BT 309.26 439.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 355.03 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.71 439.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.95 439.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 434.63 439.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 480.42 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.65 439.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.53 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.44 439.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 427.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 102.38 427.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 148.76 427.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 172.37 427.10 Td (\(losses\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 406.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 136.41 406.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 151.97 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.94 406.10 Td (products ) Tj ET Q q 0 0 0 rg BT 190.35 406.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 221.76 406.10 Td (an ) Tj ET Q q 0 0 0 rg BT 233.17 406.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 276.24 406.10 Td (derivative; ) Tj ET Q q 0 0 0 rg BT 320.97 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 327.38 406.10 Td (feature ) Tj ET Q q 0 0 0 rg BT 357.10 406.10 Td (that ) Tj ET Q q 0 0 0 rg BT 374.07 406.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 406.04 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.23 406.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 447.75 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.50 406.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 478.34 406.10 Td (an ) Tj ET Q q 0 0 0 rg BT 489.76 406.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 521.16 406.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 538.12 406.10 Td (return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.42 394.10 Td (an ) Tj ET Q q 0 0 0 rg BT 102.94 394.10 Td (equity-index ) Tj ET Q q 0 0 0 rg BT 155.57 394.10 Td (linked ) Tj ET Q q 0 0 0 rg BT 182.65 394.10 Td (component, ) Tj ET Q q 0 0 0 rg BT 231.67 394.10 Td (where ) Tj ET Q q 0 0 0 rg BT 258.19 394.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 289.71 394.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 324.00 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.86 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.16 394.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 382.45 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 391.21 394.10 Td (linked ) Tj ET Q q 0 0 0 rg BT 418.29 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.15 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.46 394.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 495.07 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.48 394.10 Td (various ) Tj ET Q q 0 0 0 rg BT 537.01 394.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 382.10 Td (indices. ) Tj ET Q q 0 0 0 rg BT 114.24 382.10 Td (The ) Tj ET Q q 0 0 0 rg BT 132.38 382.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 147.95 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.55 382.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 194.24 382.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 236.82 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.09 382.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 275.35 382.10 Td (at ) Tj ET Q q 0 0 0 rg BT 285.16 382.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 301.64 382.10 Td (value ) Tj ET Q q 0 0 0 rg BT 325.90 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.93 382.10 Td (included ) Tj ET Q q 0 0 0 rg BT 379.97 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.35 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.16 382.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 438.87 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 453.13 382.10 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 513.48 382.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 538.30 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 382.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 370.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 135.94 370.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 170.30 370.10 Td (Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.41 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.57 370.10 Td (with ) Tj ET Q q 0 0 0 rg BT 218.51 370.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 252.88 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.83 370.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 278.87 370.10 Td (value ) Tj ET Q q 0 0 0 rg BT 302.68 370.10 Td (included ) Tj ET Q q 0 0 0 rg BT 339.28 370.10 Td (as ) Tj ET Q q 0 0 0 rg BT 349.77 370.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.38 370.10 Td (component ) Tj ET Q q 0 0 0 rg BT 402.97 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.47 370.10 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 453.39 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.99 370.10 Td (other ) Tj ET Q q 0 0 0 rg BT 492.70 370.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 527.07 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.02 370.10 Td (policy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 358.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 120.70 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.98 358.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.81 358.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 202.08 358.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 248.46 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.29 358.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.17 358.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 337.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.65 337.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 140.62 337.10 Td (value ) Tj ET Q q 0 0 0 rg BT 165.38 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.81 337.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 219.89 337.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 246.32 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.86 337.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 304.17 337.10 Td (is ) Tj ET Q q 0 0 0 rg BT 313.94 337.10 Td (based ) Tj ET Q q 0 0 0 rg BT 339.81 337.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 362.91 337.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 403.22 337.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 434.65 337.10 Td (models ) Tj ET Q q 0 0 0 rg BT 466.63 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.17 337.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 527.81 337.10 Td (what ) Tj ET Q q 0 0 0 rg BT 550.34 337.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 325.10 Td (would ) Tj ET Q q 0 0 0 rg BT 108.82 325.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 137.73 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.32 325.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 180.00 325.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.15 325.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 208.41 325.10 Td (at ) Tj ET Q q 0 0 0 rg BT 218.44 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.48 325.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 266.83 325.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 290.19 325.10 Td (date ) Tj ET Q q 0 0 0 rg BT 309.66 325.10 Td (if ) Tj ET Q q 0 0 0 rg BT 318.59 325.10 Td (we ) Tj ET Q q 0 0 0 rg BT 333.07 325.10 Td (canceled ) Tj ET Q q 0 0 0 rg BT 370.85 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.89 325.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 420.65 325.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 452.89 325.10 Td (into ) Tj ET Q q 0 0 0 rg BT 471.27 325.10 Td (of) Tj ET Q q 0 0 0 rg BT 479.42 325.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 512.23 325.10 Td (positions, ) Tj ET Q q 0 0 0 rg BT 553.67 325.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 313.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 122.02 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.51 313.10 Td (options. ) Tj ET Q q 0 0 0 rg BT 172.49 313.10 Td (The ) Tj ET Q q 0 0 0 rg BT 191.31 313.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 208.46 313.10 Td (value ) Tj ET Q q 0 0 0 rg BT 233.38 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.99 313.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 276.02 313.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 315.39 313.10 Td (at ) Tj ET Q q 0 0 0 rg BT 325.88 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.36 313.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 375.17 313.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 398.98 313.10 Td (date ) Tj ET Q q 0 0 0 rg BT 418.91 313.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 462.72 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.20 313.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 525.90 313.10 Td (unsettled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 301.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 119.32 301.10 Td (mar) Tj ET Q q 0 0 0 rg BT 134.68 301.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 150.24 301.10 Td (\(open ) Tj ET Q q 0 0 0 rg BT 175.78 301.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 198.54 301.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 226.31 301.10 Td (net ) Tj ET Q q 0 0 0 rg BT 241.30 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.41 301.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 272.95 301.10 Td (settlements\). ) Tj ET Q q 0 0 0 rg BT 326.55 301.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 345.43 301.10 Td (values ) Tj ET Q q 0 0 0 rg BT 373.75 301.10 Td (for ) Tj ET Q q 0 0 0 rg BT 388.19 301.10 Td (these ) Tj ET Q q 0 0 0 rg BT 411.51 301.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 460.95 301.10 Td (are ) Tj ET Q q 0 0 0 rg BT 475.93 301.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 523.68 301.10 Td (internally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 289.10 Td (using ) Tj ET Q q 0 0 0 rg BT 104.43 289.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.62 289.10 Td (conventional ) Tj ET Q q 0 0 0 rg BT 164.02 289.10 Td (model ) Tj ET Q q 0 0 0 rg BT 190.78 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.97 289.10 Td (market ) Tj ET Q q 0 0 0 rg BT 236.49 289.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 281.56 289.10 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 310.26 289.10 Td (including ) Tj ET Q q 0 0 0 rg BT 349.79 289.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 380.98 289.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 404.11 289.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 425.86 289.10 Td (curve ) Tj ET Q q 0 0 0 rg BT 449.83 289.10 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 493.80 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.99 289.10 Td (other ) Tj ET Q q 0 0 0 rg BT 532.29 289.10 Td (factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 277.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 108.24 277.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 125.49 277.10 Td (related ) Tj ET Q q 0 0 0 rg BT 154.94 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.97 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.44 277.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 232.22 277.10 Td (is ) Tj ET Q q 0 0 0 rg BT 241.13 277.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 286.70 277.10 Td (when ) Tj ET Q q 0 0 0 rg BT 310.61 277.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 354.52 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.98 277.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 385.11 277.10 Td (values ) Tj ET Q q 0 0 0 rg BT 412.90 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.48 277.10 Td (these ) Tj ET Q q 0 0 0 rg BT 446.28 277.10 Td (derivatives. ) Tj ET Q q 0 0 0 rg BT 494.90 277.10 Td (However) Tj ET Q q 0 0 0 rg BT 531.15 277.10 Td (, ) Tj ET Q q 0 0 0 rg BT 535.90 277.10 Td (we ) Tj ET Q q 0 0 0 rg BT 549.80 277.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 265.10 Td (lar) Tj ET Q q 0 0 0 rg BT 91.37 265.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 111.34 265.10 Td (protected ) Tj ET Q q 0 0 0 rg BT 151.29 265.10 Td (by ) Tj ET Q q 0 0 0 rg BT 164.05 265.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 204.00 265.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 260.61 265.10 Td (with ) Tj ET Q q 0 0 0 rg BT 281.15 265.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 340.54 265.10 Td (when ) Tj ET Q q 0 0 0 rg BT 364.96 265.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 408.26 265.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 461.55 265.10 Td (exposures ) Tj ET Q q 0 0 0 rg BT 504.29 265.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 534.80 265.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 253.10 Td (thresholds. ) Tj ET Q q 0 0 0 rg BT 127.23 253.10 Td (The ) Tj ET Q q 0 0 0 rg BT 145.60 253.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 162.29 253.10 Td (values ) Tj ET Q q 0 0 0 rg BT 190.66 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.82 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.86 253.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 260.77 253.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 307.47 253.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.07 253.10 Td (our ) Tj ET Q q 0 0 0 rg BT 334.22 253.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 349.78 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.60 253.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 391.52 253.10 Td (are ) Tj ET Q q 0 0 0 rg BT 406.55 253.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 439.36 253.10 Td (using ) Tj ET Q q 0 0 0 rg BT 463.85 253.10 Td (market ) Tj ET Q q 0 0 0 rg BT 494.43 253.10 Td (value ) Tj ET Q q 0 0 0 rg BT 518.91 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.06 253.10 Td (options, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 241.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 102.84 241.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 125.50 241.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 163.45 241.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 186.11 241.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 225.15 241.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 245.32 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.04 241.10 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 331.18 241.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 358.56 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.29 241.10 Td (are ) Tj ET Q q 0 0 0 rg BT 387.78 241.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 426.83 241.10 Td (as ) Tj ET Q q 0 0 0 rg BT 436.44 241.10 Td (Level3. ) Tj ET Q q 0 0 0 rg BT 470.49 241.10 Td (See ) Tj ET Q q 0 0 0 rg BT 486.22 241.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 511.02 241.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 519.81 241.10 Td (Derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 229.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 120.02 229.10 Td (Instruments" ) Tj ET Q q 0 0 0 rg BT 173.12 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.36 229.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 214.68 229.10 Td (6. ) Tj ET Q q 0 0 0 rg BT 223.99 229.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 241.77 229.10 Td (V) Tj ET Q q 0 0 0 rg BT 247.88 229.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 266.34 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.47 229.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 315.49 229.10 Td (Instruments" ) Tj ET Q q 0 0 0 rg BT 368.59 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.17 229.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.30 229.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.54 229.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 479.12 229.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 518.13 229.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 217.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.23 217.10 Td (a ) Tj ET Q q 0 0 0 rg BT 100.24 217.10 Td (more ) Tj ET Q q 0 0 0 rg BT 122.36 217.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 160.58 217.10 Td (discussion. ) Tj ET Q q 0 0 0 rg BT 206.21 217.10 Td (The ) Tj ET Q q 0 0 0 rg BT 223.33 217.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 258.79 217.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 275.35 217.10 Td (used ) Tj ET Q q 0 0 0 rg BT 295.25 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.60 217.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 346.15 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.94 217.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.39 217.10 Td (value ) Tj ET Q q 0 0 0 rg BT 398.62 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.52 217.10 Td (our ) Tj ET Q q 0 0 0 rg BT 423.43 217.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 438.99 217.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.56 217.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 483.23 217.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 524.78 217.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 205.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 116.93 205.10 Td (an ) Tj ET Q q 0 0 0 rg BT 128.96 205.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 175.45 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.82 205.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 213.96 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.77 205.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 246.37 205.10 Td (that ) Tj ET Q q 0 0 0 rg BT 263.97 205.10 Td (these ) Tj ET Q q 0 0 0 rg BT 287.12 205.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 334.16 205.10 Td (will ) Tj ET Q q 0 0 0 rg BT 352.32 205.10 Td (not ) Tj ET Q q 0 0 0 rg BT 367.69 205.10 Td (be ) Tj ET Q q 0 0 0 rg BT 379.73 205.10 Td (fulfilled ) Tj ET Q q 0 0 0 rg BT 414.54 205.10 Td (\(non-performance ) Tj ET Q q 0 0 0 rg BT 493.77 205.10 Td (risk\). ) Tj ET Q q 0 0 0 rg BT 521.63 205.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.13 205.10 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 193.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 193.10 Td (, ) Tj ET Q q 0 0 0 rg BT 105.68 193.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.18 193.10 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 192.21 193.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 209.39 193.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 255.45 193.10 Td (was ) Tj ET Q q 0 0 0 rg BT 273.18 193.10 Td (based ) Tj ET Q q 0 0 0 rg BT 298.12 193.10 Td (on ) Tj ET Q q 0 0 0 rg BT 310.30 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.69 193.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 362.40 193.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 380.14 193.10 Td (due ) Tj ET Q q 0 0 0 rg BT 396.75 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.71 193.10 Td (default ) Tj ET Q q 0 0 0 rg BT 436.65 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.61 193.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 466.00 193.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 512.62 193.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.46 193.10 Td (similarly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 181.10 Td (rated ) Tj ET Q q 0 0 0 rg BT 102.30 181.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 138.59 181.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 185.17 181.10 Td (See ) Tj ET Q q 0 0 0 rg BT 200.92 181.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 225.76 181.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 234.57 181.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 278.08 181.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 316.61 181.10 Td (Instruments" ) Tj ET Q q 0 0 0 rg BT 369.22 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.97 181.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 409.81 181.10 Td (6. ) Tj ET Q q 0 0 0 rg BT 418.62 181.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 435.95 181.10 Td (V) Tj ET Q q 0 0 0 rg BT 442.06 181.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 460.03 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.67 181.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 508.20 181.10 Td (Instruments", ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 169.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.11 169.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.04 169.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 194.32 169.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 234.03 169.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.91 169.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.41 169.10 Td (for ) Tj ET Q q 0 0 0 rg BT 294.57 169.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.51 169.10 Td (more ) Tj ET Q q 0 0 0 rg BT 324.55 169.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 363.71 169.10 Td (discussion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 150.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 122.02 150.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.86 150.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 166.56 150.10 Td (has ) Tj ET Q q 0 0 0 rg BT 182.73 150.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.00 150.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 228.94 150.10 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 279.54 150.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 332.34 150.10 Td (with ) Tj ET Q q 0 0 0 rg BT 352.96 150.10 Td (Front ) Tj ET Q q 0 0 0 rg BT 377.46 150.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 403.63 150.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 417.57 150.10 Td (\(Cayman\) ) Tj ET Q q 0 0 0 rg BT 460.39 150.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 479.62 150.10 Td (\("FSRCI"\), ) Tj ET Q q 0 0 0 rg BT 527.57 150.10 Td (meaning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 138.10 Td (that ) Tj ET Q q 0 0 0 rg BT 98.66 138.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 123.55 138.10 Td (are ) Tj ET Q q 0 0 0 rg BT 138.43 138.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 176.09 138.10 Td (by ) Tj ET Q q 0 0 0 rg BT 188.76 138.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 207.28 138.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.94 138.10 Td (Insurance. ) Tj ET Q q 0 0 0 rg BT 253.79 138.10 Td (This ) Tj ET Q q 0 0 0 rg BT 274.23 138.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 326.87 138.10 Td (creates ) Tj ET Q q 0 0 0 rg BT 357.29 138.10 Td (an ) Tj ET Q q 0 0 0 rg BT 369.40 138.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 412.62 138.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.94 138.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 445.46 138.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.13 138.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 489.67 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.11 138.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 517.22 138.10 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 547.68 138.10 Td (at ) Tj ET Q q 0 0 0 rg BT 557.56 138.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 126.10 Td (later ) Tj ET Q q 0 0 0 rg BT 102.34 126.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 125.07 126.10 Td (which ) Tj ET Q q 0 0 0 rg BT 153.08 126.10 Td (results ) Tj ET Q q 0 0 0 rg BT 182.76 126.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.11 126.10 Td (an ) Tj ET Q q 0 0 0 rg BT 207.12 126.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 251.79 126.10 Td (derivative.) Tj ET Q q 0 0 0 rg BT 296.59 126.10 Td (This ) Tj ET Q q 0 0 0 rg BT 317.94 126.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 362.61 126.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 406.16 126.10 Td (is ) Tj ET Q q 0 0 0 rg BT 416.40 126.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 463.29 126.10 Td (a ) Tj ET Q q 0 0 0 rg BT 471.30 126.10 Td (total ) Tj ET Q q 0 0 0 rg BT 492.65 126.10 Td (return ) Tj ET Q q 0 0 0 rg BT 520.10 126.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 544.23 126.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 114.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 127.92 114.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 158.19 114.10 Td (that ) Tj ET Q q 0 0 0 rg BT 175.68 114.10 Td (are ) Tj ET Q q 0 0 0 rg BT 190.39 114.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 238.42 114.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.70 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.42 114.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 289.24 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.18 114.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 345.90 114.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 389.49 114.10 Td (with ) Tj ET Q q 0 0 0 rg BT 409.77 114.10 Td (this ) Tj ET Q q 0 0 0 rg BT 426.71 114.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 475.30 114.10 Td (arrangement.) Tj ET Q q 0 0 0 rg BT 530.09 114.10 Td (The ) Tj ET Q q 0 0 0 rg BT 548.13 114.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 102.10 Td (value ) Tj ET Q q 0 0 0 rg BT 105.91 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.50 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.98 102.10 Td (total ) Tj ET Q q 0 0 0 rg BT 154.01 102.10 Td (return ) Tj ET Q q 0 0 0 rg BT 181.14 102.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 204.95 102.10 Td (is ) Tj ET Q q 0 0 0 rg BT 214.88 102.10 Td (based ) Tj ET Q q 0 0 0 rg BT 240.91 102.10 Td (on ) Tj ET Q q 0 0 0 rg BT 254.17 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.64 102.10 Td (change ) Tj ET Q q 0 0 0 rg BT 301.22 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.25 102.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 329.39 102.10 Td (value ) Tj ET Q q 0 0 0 rg BT 354.30 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.89 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.37 102.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 427.95 102.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 454.54 102.10 Td (held ) Tj ET Q q 0 0 0 rg BT 475.01 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.05 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.52 102.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 527.00 102.10 Td (withheld ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 90.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 121.87 90.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 169.68 90.10 Td (results ) Tj ET Q q 0 0 0 rg BT 199.16 90.10 Td (for ) Tj ET Q q 0 0 0 rg BT 214.19 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.78 90.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 256.49 90.10 Td (that ) Tj ET Q q 0 0 0 rg BT 274.86 90.10 Td (support ) Tj ET Q q 0 0 0 rg BT 308.23 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.82 90.10 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 374.95 90.10 Td (with ) Tj ET Q q 0 0 0 rg BT 396.10 90.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 421.70 90.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 460.07 90.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 509.53 90.10 Td (arrangement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 78.10 Td (including ) Tj ET Q q 0 0 0 rg BT 121.11 78.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 144.55 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.32 78.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 187.54 78.10 Td (from ) Tj ET Q q 0 0 0 rg BT 209.32 78.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 233.59 78.10 Td (are ) Tj ET Q q 0 0 0 rg BT 248.13 78.10 Td (passed ) Tj ET Q q 0 0 0 rg BT 277.12 78.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 310.00 78.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.11 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.66 78.10 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 372.53 78.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 409.30 78.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.41 78.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 466.16 78.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 490.71 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.37 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.92 78.10 Td (reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 66.10 Td (arrangement.) Tj ET Q q 0 0 0 rg BT 135.79 66.10 Td (The ) Tj ET Q q 0 0 0 rg BT 153.45 66.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 201.64 66.10 Td (related ) Tj ET Q q 0 0 0 rg BT 230.96 66.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 274.16 66.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 316.26 66.10 Td (is ) Tj ET Q q 0 0 0 rg BT 325.04 66.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 360.47 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.36 66.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 399.67 66.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 429.55 66.10 Td (if ) Tj ET Q q 0 0 0 rg BT 437.77 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.67 66.10 Td (a ) Tj ET Q q 0 0 0 rg BT 454.22 66.10 Td (net ) Tj ET Q q 0 0 0 rg BT 468.54 66.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 487.87 66.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 524.71 66.10 Td (or ) Tj ET Q q 0 0 0 rg BT 535.15 66.10 Td ("Other ) Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (liabilities", ) Tj ET Q q 0 0 0 rg BT 126.88 742.10 Td (if ) Tj ET Q q 0 0 0 rg BT 135.07 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.93 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.45 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 165.75 742.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 183.39 742.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 220.20 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.28 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.58 742.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 301.43 742.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 335.72 742.10 Td (Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.83 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.91 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.43 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.73 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 424.01 742.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 447.20 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.61 742.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 483.58 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 497.87 742.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 533.27 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 543.13 742.10 Td (Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.38 730.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 155.43 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.93 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.65 730.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 237.92 730.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 284.30 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.13 730.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.01 730.10 Td (. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 715.40 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 703.40 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 141.07 703.40 Td (of ) Tj ET Q q 0 0 0 rg BT 151.90 703.40 Td (OTTI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 682.40 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 682.40 Td (e ) Tj ET Q q 0 0 0 rg BT 120.46 682.40 Td (have ) Tj ET Q q 0 0 0 rg BT 141.73 682.40 Td (a ) Tj ET Q q 0 0 0 rg BT 148.55 682.40 Td (policy ) Tj ET Q q 0 0 0 rg BT 175.93 682.40 Td (and ) Tj ET Q q 0 0 0 rg BT 192.76 682.40 Td (process ) Tj ET Q q 0 0 0 rg BT 225.14 682.40 Td (in ) Tj ET Q q 0 0 0 rg BT 235.30 682.40 Td (place ) Tj ET Q q 0 0 0 rg BT 258.78 682.40 Td (to ) Tj ET Q q 0 0 0 rg BT 268.95 682.40 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 304.64 682.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 344.79 682.40 Td (in ) Tj ET Q q 0 0 0 rg BT 354.96 682.40 Td (our ) Tj ET Q q 0 0 0 rg BT 370.68 682.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 416.94 682.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 454.33 682.40 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 492.81 682.40 Td (to ) Tj ET Q q 0 0 0 rg BT 502.97 682.40 Td (assess ) Tj ET Q q 0 0 0 rg BT 529.80 682.40 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 670.40 Td (there ) Tj ET Q q 0 0 0 rg BT 103.76 670.40 Td (has ) Tj ET Q q 0 0 0 rg BT 119.86 670.40 Td (been ) Tj ET Q q 0 0 0 rg BT 141.51 670.40 Td (an ) Tj ET Q q 0 0 0 rg BT 153.72 670.40 Td (OTTI. ) Tj ET Q q 0 0 0 rg BT 181.57 670.40 Td (This ) Tj ET Q q 0 0 0 rg BT 202.12 670.40 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 246.54 670.40 Td (process ) Tj ET Q q 0 0 0 rg BT 279.31 670.40 Td (entails ) Tj ET Q q 0 0 0 rg BT 308.18 670.40 Td (considerable ) Tj ET Q q 0 0 0 rg BT 361.49 670.40 Td (judgment ) Tj ET Q q 0 0 0 rg BT 402.04 670.40 Td (and ) Tj ET Q q 0 0 0 rg BT 419.25 670.40 Td (estimation ) Tj ET Q q 0 0 0 rg BT 463.68 670.40 Td (and ) Tj ET Q q 0 0 0 rg BT 480.89 670.40 Td (involves ) Tj ET Q q 0 0 0 rg BT 517.55 670.40 Td (monitoring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 658.40 Td (market ) Tj ET Q q 0 0 0 rg BT 110.98 658.40 Td (events ) Tj ET Q q 0 0 0 rg BT 138.74 658.40 Td (and ) Tj ET Q q 0 0 0 rg BT 155.40 658.40 Td (other ) Tj ET Q q 0 0 0 rg BT 178.16 658.40 Td (items ) Tj ET Q q 0 0 0 rg BT 202.04 658.40 Td (that ) Tj ET Q q 0 0 0 rg BT 219.26 658.40 Td (could ) Tj ET Q q 0 0 0 rg BT 243.69 658.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 273.12 658.40 Td (issuers. ) Tj ET Q q 0 0 0 rg BT 304.90 658.40 Td (The ) Tj ET Q q 0 0 0 rg BT 322.66 658.40 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 366.53 658.40 Td (includes, ) Tj ET Q q 0 0 0 rg BT 404.57 658.40 Td (but ) Tj ET Q q 0 0 0 rg BT 419.57 658.40 Td (is ) Tj ET Q q 0 0 0 rg BT 428.45 658.40 Td (not ) Tj ET Q q 0 0 0 rg BT 443.45 658.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 473.99 658.40 Td (to, ) Tj ET Q q 0 0 0 rg BT 486.49 658.40 Td (such ) Tj ET Q q 0 0 0 rg BT 507.04 658.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 536.46 658.40 Td (as: ) Tj ET Q q 0 0 0 rg BT 549.79 658.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 646.40 Td (length ) Tj ET Q q 0 0 0 rg BT 108.10 646.40 Td (of ) Tj ET Q q 0 0 0 rg BT 118.53 646.40 Td (time ) Tj ET Q q 0 0 0 rg BT 138.41 646.40 Td (and ) Tj ET Q q 0 0 0 rg BT 154.95 646.40 Td (the ) Tj ET Q q 0 0 0 rg BT 169.27 646.40 Td (extent ) Tj ET Q q 0 0 0 rg BT 195.81 646.40 Td (to ) Tj ET Q q 0 0 0 rg BT 205.69 646.40 Td (which ) Tj ET Q q 0 0 0 rg BT 232.23 646.40 Td (the ) Tj ET Q q 0 0 0 rg BT 246.55 646.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 262.53 646.40 Td (value ) Tj ET Q q 0 0 0 rg BT 286.29 646.40 Td (has ) Tj ET Q q 0 0 0 rg BT 301.73 646.40 Td (been ) Tj ET Q q 0 0 0 rg BT 322.71 646.40 Td (less ) Tj ET Q q 0 0 0 rg BT 339.81 646.40 Td (than ) Tj ET Q q 0 0 0 rg BT 359.13 646.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 377.34 646.40 Td (or ) Tj ET Q q 0 0 0 rg BT 387.78 646.40 Td (amortized ) Tj ET Q q 0 0 0 rg BT 429.86 646.40 Td (cost; ) Tj ET Q q 0 0 0 rg BT 450.85 646.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 485.16 646.40 Td (the ) Tj ET Q q 0 0 0 rg BT 499.48 646.40 Td (issuer ) Tj ET Q q 0 0 0 rg BT 524.91 646.40 Td (is ) Tj ET Q q 0 0 0 rg BT 533.69 646.40 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 634.40 Td (on ) Tj ET Q q 0 0 0 rg BT 93.63 634.40 Td (all ) Tj ET Q q 0 0 0 rg BT 106.25 634.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 147.21 634.40 Td (and ) Tj ET Q q 0 0 0 rg BT 164.27 634.40 Td (all ) Tj ET Q q 0 0 0 rg BT 176.90 634.40 Td (contractual ) Tj ET Q q 0 0 0 rg BT 223.94 634.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 264.90 634.40 Td (have ) Tj ET Q q 0 0 0 rg BT 286.40 634.40 Td (been ) Tj ET Q q 0 0 0 rg BT 307.91 634.40 Td (made ) Tj ET Q q 0 0 0 rg BT 332.19 634.40 Td (as ) Tj ET Q q 0 0 0 rg BT 343.15 634.40 Td (agreed; ) Tj ET Q q 0 0 0 rg BT 375.20 634.40 Td (the ) Tj ET Q q 0 0 0 rg BT 390.05 634.40 Td (remaining ) Tj ET Q q 0 0 0 rg BT 433.22 634.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 470.28 634.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 495.13 634.40 Td (and ) Tj ET Q q 0 0 0 rg BT 512.19 634.40 Td (the ) Tj ET Q q 0 0 0 rg BT 527.04 634.40 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 622.40 Td (condition ) Tj ET Q q 0 0 0 rg BT 122.03 622.40 Td (and ) Tj ET Q q 0 0 0 rg BT 139.72 622.40 Td (near ) Tj ET Q q 0 0 0 rg BT 160.17 622.40 Td (term ) Tj ET Q q 0 0 0 rg BT 181.75 622.40 Td (prospects ) Tj ET Q q 0 0 0 rg BT 222.77 622.40 Td (of ) Tj ET Q q 0 0 0 rg BT 234.35 622.40 Td (the ) Tj ET Q q 0 0 0 rg BT 249.82 622.40 Td (issuer; ) Tj ET Q q 0 0 0 rg BT 279.18 622.40 Td (the ) Tj ET Q q 0 0 0 rg BT 294.65 622.40 Td (lack ) Tj ET Q q 0 0 0 rg BT 314.56 622.40 Td (of ) Tj ET Q q 0 0 0 rg BT 326.14 622.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 354.95 622.40 Td (to ) Tj ET Q q 0 0 0 rg BT 365.98 622.40 Td (refinance ) Tj ET Q q 0 0 0 rg BT 406.42 622.40 Td (due ) Tj ET Q q 0 0 0 rg BT 424.11 622.40 Td (to ) Tj ET Q q 0 0 0 rg BT 435.14 622.40 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 472.28 622.40 Td (problems ) Tj ET Q q 0 0 0 rg BT 512.75 622.40 Td (in ) Tj ET Q q 0 0 0 rg BT 523.78 622.40 Td (the ) Tj ET Q q 0 0 0 rg BT 539.25 622.40 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 610.40 Td (market; ) Tj ET Q q 0 0 0 rg BT 114.24 610.40 Td (the ) Tj ET Q q 0 0 0 rg BT 129.15 610.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 145.72 610.40 Td (value ) Tj ET Q q 0 0 0 rg BT 170.07 610.40 Td (of ) Tj ET Q q 0 0 0 rg BT 181.09 610.40 Td (any ) Tj ET Q q 0 0 0 rg BT 198.23 610.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 244.25 610.40 Td (collateral; ) Tj ET Q q 0 0 0 rg BT 286.92 610.40 Td (the ) Tj ET Q q 0 0 0 rg BT 301.83 610.40 Td (existence ) Tj ET Q q 0 0 0 rg BT 341.72 610.40 Td (of ) Tj ET Q q 0 0 0 rg BT 352.75 610.40 Td (any ) Tj ET Q q 0 0 0 rg BT 369.88 610.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 395.34 610.40 Td (protection ) Tj ET Q q 0 0 0 rg BT 438.57 610.40 Td (available; ) Tj ET Q q 0 0 0 rg BT 480.14 610.40 Td (the ) Tj ET Q q 0 0 0 rg BT 495.05 610.40 Td (intent ) Tj ET Q q 0 0 0 rg BT 520.51 610.40 Td (to ) Tj ET Q q 0 0 0 rg BT 530.99 610.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 547.57 610.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 598.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 114.96 598.40 Td (it ) Tj ET Q q 0 0 0 rg BT 122.26 598.40 Td (is ) Tj ET Q q 0 0 0 rg BT 130.68 598.40 Td (more ) Tj ET Q q 0 0 0 rg BT 152.97 598.40 Td (likely ) Tj ET Q q 0 0 0 rg BT 177.49 598.40 Td (than ) Tj ET Q q 0 0 0 rg BT 196.46 598.40 Td (not ) Tj ET Q q 0 0 0 rg BT 210.99 598.40 Td (we ) Tj ET Q q 0 0 0 rg BT 224.39 598.40 Td (would ) Tj ET Q q 0 0 0 rg BT 251.14 598.40 Td (be ) Tj ET Q q 0 0 0 rg BT 262.33 598.40 Td (required ) Tj ET Q q 0 0 0 rg BT 297.39 598.40 Td (to ) Tj ET Q q 0 0 0 rg BT 306.92 598.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 322.55 598.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 343.74 598.40 Td (to ) Tj ET Q q 0 0 0 rg BT 353.27 598.40 Td (recovery ) Tj ET Q q 0 0 0 rg BT 389.99 598.40 Td (for ) Tj ET Q q 0 0 0 rg BT 403.40 598.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 425.69 598.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 461.32 598.40 Td (securities; ) Tj ET Q q 0 0 0 rg BT 503.61 598.40 Td (the ) Tj ET Q q 0 0 0 rg BT 517.58 598.40 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 586.40 Td (in ) Tj ET Q q 0 0 0 rg BT 90.48 586.40 Td (the ) Tj ET Q q 0 0 0 rg BT 104.40 586.40 Td (case ) Tj ET Q q 0 0 0 rg BT 123.31 586.40 Td (of ) Tj ET Q q 0 0 0 rg BT 133.35 586.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 160.05 586.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 199.52 586.40 Td (including ) Tj ET Q q 0 0 0 rg BT 238.99 586.40 Td (perpetual ) Tj ET Q q 0 0 0 rg BT 277.90 586.40 Td (preferred ) Tj ET Q q 0 0 0 rg BT 316.24 586.40 Td (stocks ) Tj ET Q q 0 0 0 rg BT 342.94 586.40 Td (with ) Tj ET Q q 0 0 0 rg BT 362.43 586.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 386.89 586.40 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 439.69 586.40 Td (that ) Tj ET Q q 0 0 0 rg BT 456.39 586.40 Td (the ) Tj ET Q q 0 0 0 rg BT 470.31 586.40 Td (security ) Tj ET Q q 0 0 0 rg BT 503.67 586.40 Td (cannot ) Tj ET Q q 0 0 0 rg BT 532.03 586.40 Td (recover ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 574.40 Td (to ) Tj ET Q q 0 0 0 rg BT 91.79 574.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 110.92 574.40 Td (in ) Tj ET Q q 0 0 0 rg BT 121.71 574.40 Td (a ) Tj ET Q q 0 0 0 rg BT 129.16 574.40 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 174.93 574.40 Td (period ) Tj ET Q q 0 0 0 rg BT 203.50 574.40 Td (of ) Tj ET Q q 0 0 0 rg BT 214.84 574.40 Td (time; ) Tj ET Q q 0 0 0 rg BT 238.41 574.40 Td (the ) Tj ET Q q 0 0 0 rg BT 253.64 574.40 Td (intent ) Tj ET Q q 0 0 0 rg BT 279.43 574.40 Td (and ) Tj ET Q q 0 0 0 rg BT 296.88 574.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 325.45 574.40 Td (to ) Tj ET Q q 0 0 0 rg BT 336.24 574.40 Td (retain ) Tj ET Q q 0 0 0 rg BT 362.02 574.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 390.03 574.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 430.81 574.40 Td (for ) Tj ET Q q 0 0 0 rg BT 445.48 574.40 Td (a ) Tj ET Q q 0 0 0 rg BT 452.94 574.40 Td (period ) Tj ET Q q 0 0 0 rg BT 481.50 574.40 Td (of ) Tj ET Q q 0 0 0 rg BT 492.85 574.40 Td (time ) Tj ET Q q 0 0 0 rg BT 513.63 574.40 Td (suf) Tj ET Q q 0 0 0 rg BT 525.68 574.40 Td (ficient ) Tj ET Q q 0 0 0 rg BT 554.23 574.40 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 562.40 Td (allow ) Tj ET Q q 0 0 0 rg BT 105.76 562.40 Td (for ) Tj ET Q q 0 0 0 rg BT 119.96 562.40 Td (recovery; ) Tj ET Q q 0 0 0 rg BT 160.25 562.40 Td (consideration ) Tj ET Q q 0 0 0 rg BT 216.66 562.40 Td (of ) Tj ET Q q 0 0 0 rg BT 227.53 562.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 253.39 562.40 Td (agency ) Tj ET Q q 0 0 0 rg BT 284.25 562.40 Td (actions; ) Tj ET Q q 0 0 0 rg BT 317.89 562.40 Td (and ) Tj ET Q q 0 0 0 rg BT 334.87 562.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 369.61 562.40 Td (in ) Tj ET Q q 0 0 0 rg BT 379.93 562.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 420.79 562.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 441.10 562.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 465.86 562.40 Td (of ) Tj ET Q q 0 0 0 rg BT 476.73 562.40 Td (residential ) Tj ET Q q 0 0 0 rg BT 520.92 562.40 Td (mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 550.40 Td (backed ) Tj ET Q q 0 0 0 rg BT 111.69 550.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 151.83 550.40 Td (\("RMBS"\) ) Tj ET Q q 0 0 0 rg BT 196.82 550.40 Td (and ) Tj ET Q q 0 0 0 rg BT 213.63 550.40 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 267.09 550.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 307.23 550.40 Td (\("ABS"\). ) Tj ET Q q 0 0 0 rg BT 345.86 550.40 Td (An ) Tj ET Q q 0 0 0 rg BT 360.45 550.40 Td (extended ) Tj ET Q q 0 0 0 rg BT 398.92 550.40 Td (and ) Tj ET Q q 0 0 0 rg BT 415.73 550.40 Td (severe ) Tj ET Q q 0 0 0 rg BT 443.65 550.40 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 487.66 550.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 505.60 550.40 Td (position ) Tj ET Q q 0 0 0 rg BT 540.20 550.40 Td (on ) Tj ET Q q 0 0 0 rg BT 552.57 550.40 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 538.40 Td (AFS ) Tj ET Q q 0 0 0 rg BT 101.97 538.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 125.15 538.40 Td (income ) Tj ET Q q 0 0 0 rg BT 157.21 538.40 Td (security ) Tj ET Q q 0 0 0 rg BT 191.49 538.40 Td (may ) Tj ET Q q 0 0 0 rg BT 211.33 538.40 Td (not ) Tj ET Q q 0 0 0 rg BT 226.74 538.40 Td (have ) Tj ET Q q 0 0 0 rg BT 248.24 538.40 Td (any ) Tj ET Q q 0 0 0 rg BT 265.31 538.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 295.15 538.40 Td (on: ) Tj ET Q q 0 0 0 rg BT 310.55 538.40 Td (\(a\)the ) Tj ET Q q 0 0 0 rg BT 338.99 538.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 367.17 538.40 Td (of ) Tj ET Q q 0 0 0 rg BT 378.13 538.40 Td (the ) Tj ET Q q 0 0 0 rg BT 392.97 538.40 Td (issuer ) Tj ET Q q 0 0 0 rg BT 418.93 538.40 Td (to ) Tj ET Q q 0 0 0 rg BT 429.33 538.40 Td (service ) Tj ET Q q 0 0 0 rg BT 460.28 538.40 Td (all ) Tj ET Q q 0 0 0 rg BT 472.90 538.40 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 515.51 538.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 547.57 538.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 526.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 118.48 526.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 158.73 526.40 Td (and ) Tj ET Q q 0 0 0 rg BT 175.11 526.40 Td (\(b\)the ) Tj ET Q q 0 0 0 rg BT 203.42 526.40 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 247.00 526.40 Td (of ) Tj ET Q q 0 0 0 rg BT 257.26 526.40 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 314.73 526.40 Td (of ) Tj ET Q q 0 0 0 rg BT 324.99 526.40 Td (all ) Tj ET Q q 0 0 0 rg BT 336.92 526.40 Td (contractual ) Tj ET Q q 0 0 0 rg BT 383.27 526.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 402.97 526.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 427.13 526.40 Td (or ) Tj ET Q q 0 0 0 rg BT 437.39 526.40 Td (the ) Tj ET Q q 0 0 0 rg BT 451.54 526.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 479.03 526.40 Td (to ) Tj ET Q q 0 0 0 rg BT 488.74 526.40 Td (recover ) Tj ET Q q 0 0 0 rg BT 520.65 526.40 Td (an ) Tj ET Q q 0 0 0 rg BT 532.02 526.40 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 514.40 Td (at ) Tj ET Q q 0 0 0 rg BT 91.34 514.40 Td (least ) Tj ET Q q 0 0 0 rg BT 112.79 514.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 137.56 514.40 Td (to ) Tj ET Q q 0 0 0 rg BT 148.47 514.40 Td (its ) Tj ET Q q 0 0 0 rg BT 161.04 514.40 Td (amortized ) Tj ET Q q 0 0 0 rg BT 204.14 514.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 223.37 514.40 Td (based ) Tj ET Q q 0 0 0 rg BT 249.26 514.40 Td (on ) Tj ET Q q 0 0 0 rg BT 262.38 514.40 Td (the ) Tj ET Q q 0 0 0 rg BT 277.72 514.40 Td (present ) Tj ET Q q 0 0 0 rg BT 309.72 514.40 Td (value ) Tj ET Q q 0 0 0 rg BT 334.50 514.40 Td (of ) Tj ET Q q 0 0 0 rg BT 345.95 514.40 Td (the ) Tj ET Q q 0 0 0 rg BT 361.29 514.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 399.95 514.40 Td (future ) Tj ET Q q 0 0 0 rg BT 426.95 514.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 447.84 514.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 473.18 514.40 Td (to ) Tj ET Q q 0 0 0 rg BT 484.08 514.40 Td (be ) Tj ET Q q 0 0 0 rg BT 496.64 514.40 Td (collected. ) Tj ET Q q 0 0 0 rg BT 538.13 514.40 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 502.40 Td (assessing ) Tj ET Q q 0 0 0 rg BT 120.79 502.40 Td (our ) Tj ET Q q 0 0 0 rg BT 136.69 502.40 Td (intent ) Tj ET Q q 0 0 0 rg BT 162.04 502.40 Td (to ) Tj ET Q q 0 0 0 rg BT 172.39 502.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 188.84 502.40 Td (a ) Tj ET Q q 0 0 0 rg BT 195.85 502.40 Td (security ) Tj ET Q q 0 0 0 rg BT 230.08 502.40 Td (or ) Tj ET Q q 0 0 0 rg BT 240.98 502.40 Td (if ) Tj ET Q q 0 0 0 rg BT 249.66 502.40 Td (it ) Tj ET Q q 0 0 0 rg BT 257.79 502.40 Td (is ) Tj ET Q q 0 0 0 rg BT 267.03 502.40 Td (more ) Tj ET Q q 0 0 0 rg BT 290.15 502.40 Td (likely ) Tj ET Q q 0 0 0 rg BT 315.49 502.40 Td (than ) Tj ET Q q 0 0 0 rg BT 335.28 502.40 Td (not ) Tj ET Q q 0 0 0 rg BT 350.63 502.40 Td (we ) Tj ET Q q 0 0 0 rg BT 364.86 502.40 Td (will ) Tj ET Q q 0 0 0 rg BT 382.98 502.40 Td (be ) Tj ET Q q 0 0 0 rg BT 394.99 502.40 Td (required ) Tj ET Q q 0 0 0 rg BT 430.88 502.40 Td (to ) Tj ET Q q 0 0 0 rg BT 441.23 502.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 457.69 502.40 Td (a ) Tj ET Q q 0 0 0 rg BT 464.70 502.40 Td (security ) Tj ET Q q 0 0 0 rg BT 498.92 502.40 Td (before ) Tj ET Q q 0 0 0 rg BT 527.03 502.40 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 490.40 Td (of ) Tj ET Q q 0 0 0 rg BT 92.01 490.40 Td (its ) Tj ET Q q 0 0 0 rg BT 104.14 490.40 Td (amortized ) Tj ET Q q 0 0 0 rg BT 146.81 490.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 165.60 490.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 190.78 490.40 Td (we ) Tj ET Q q 0 0 0 rg BT 205.12 490.40 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 241.11 490.40 Td (facts ) Tj ET Q q 0 0 0 rg BT 262.67 490.40 Td (and ) Tj ET Q q 0 0 0 rg BT 279.79 490.40 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 339.12 490.40 Td (such ) Tj ET Q q 0 0 0 rg BT 360.13 490.40 Td (as, ) Tj ET Q q 0 0 0 rg BT 373.64 490.40 Td (but ) Tj ET Q q 0 0 0 rg BT 389.10 490.40 Td (not ) Tj ET Q q 0 0 0 rg BT 404.56 490.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 435.57 490.40 Td (to, ) Tj ET Q q 0 0 0 rg BT 448.53 490.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 470.65 490.40 Td (of ) Tj ET Q q 0 0 0 rg BT 481.67 490.40 Td (investments ) Tj ET Q q 0 0 0 rg BT 532.12 490.40 Td (to ) Tj ET Q q 0 0 0 rg BT 542.58 490.40 Td (meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 478.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 101.27 478.40 Td (flow ) Tj ET Q q 0 0 0 rg BT 122.10 478.40 Td (or ) Tj ET Q q 0 0 0 rg BT 132.93 478.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 162.08 478.40 Td (needs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 457.40 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 457.40 Td (e ) Tj ET Q q 0 0 0 rg BT 120.86 457.40 Td (determine ) Tj ET Q q 0 0 0 rg BT 163.63 457.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 198.63 457.40 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 224.18 457.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 250.86 457.40 Td (should ) Tj ET Q q 0 0 0 rg BT 280.32 457.40 Td (be ) Tj ET Q q 0 0 0 rg BT 292.55 457.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 339.20 457.40 Td (for ) Tj ET Q q 0 0 0 rg BT 353.65 457.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 376.98 457.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 413.65 457.40 Td (and ) Tj ET Q q 0 0 0 rg BT 430.88 457.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 458.66 457.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 499.21 457.40 Td (by ) Tj ET Q q 0 0 0 rg BT 512.00 457.40 Td (assessing ) Tj ET Q q 0 0 0 rg BT 552.01 457.40 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 445.40 Td (facts ) Tj ET Q q 0 0 0 rg BT 103.57 445.40 Td (and ) Tj ET Q q 0 0 0 rg BT 121.70 445.40 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 182.03 445.40 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 234.05 445.40 Td (each ) Tj ET Q q 0 0 0 rg BT 256.05 445.40 Td (security) Tj ET Q q 0 0 0 rg BT 287.06 445.40 Td (. ) Tj ET Q q 0 0 0 rg BT 292.98 445.40 Td (Where ) Tj ET Q q 0 0 0 rg BT 323.32 445.40 Td (the ) Tj ET Q q 0 0 0 rg BT 339.23 445.40 Td (decline ) Tj ET Q q 0 0 0 rg BT 371.79 445.40 Td (in ) Tj ET Q q 0 0 0 rg BT 383.26 445.40 Td (market ) Tj ET Q q 0 0 0 rg BT 414.71 445.40 Td (value ) Tj ET Q q 0 0 0 rg BT 440.06 445.40 Td (of ) Tj ET Q q 0 0 0 rg BT 452.08 445.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 476.31 445.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 513.89 445.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 555.34 445.40 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 433.40 Td (attributable ) Tj ET Q q 0 0 0 rg BT 129.17 433.40 Td (to ) Tj ET Q q 0 0 0 rg BT 139.58 433.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 174.42 433.40 Td (in ) Tj ET Q q 0 0 0 rg BT 184.82 433.40 Td (market ) Tj ET Q q 0 0 0 rg BT 215.22 433.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.28 433.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 268.79 433.40 Td (or ) Tj ET Q q 0 0 0 rg BT 279.75 433.40 Td (to ) Tj ET Q q 0 0 0 rg BT 290.16 433.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 320.00 433.40 Td (such ) Tj ET Q q 0 0 0 rg BT 340.96 433.40 Td (as ) Tj ET Q q 0 0 0 rg BT 351.92 433.40 Td (market ) Tj ET Q q 0 0 0 rg BT 382.32 433.40 Td (volatility) Tj ET Q q 0 0 0 rg BT 417.77 433.40 Td (, ) Tj ET Q q 0 0 0 rg BT 422.91 433.40 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 459.43 433.40 Td (and ) Tj ET Q q 0 0 0 rg BT 476.50 433.40 Td (spread ) Tj ET Q q 0 0 0 rg BT 505.23 433.40 Td (widening, ) Tj ET Q q 0 0 0 rg BT 547.57 433.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 421.40 Td (we ) Tj ET Q q 0 0 0 rg BT 95.47 421.40 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 137.15 421.40 Td (recovery ) Tj ET Q q 0 0 0 rg BT 174.93 421.40 Td (of ) Tj ET Q q 0 0 0 rg BT 186.07 421.40 Td (all ) Tj ET Q q 0 0 0 rg BT 198.88 421.40 Td (contractual ) Tj ET Q q 0 0 0 rg BT 246.11 421.40 Td (or ) Tj ET Q q 0 0 0 rg BT 257.25 421.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 295.59 421.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 316.17 421.40 Td (flows, ) Tj ET Q q 0 0 0 rg BT 343.70 421.40 Td (we ) Tj ET Q q 0 0 0 rg BT 358.17 421.40 Td (do ) Tj ET Q q 0 0 0 rg BT 370.98 421.40 Td (not ) Tj ET Q q 0 0 0 rg BT 386.57 421.40 Td (consider ) Tj ET Q q 0 0 0 rg BT 423.26 421.40 Td (these ) Tj ET Q q 0 0 0 rg BT 446.61 421.40 Td (investments ) Tj ET Q q 0 0 0 rg BT 497.20 421.40 Td (to ) Tj ET Q q 0 0 0 rg BT 507.78 421.40 Td (be ) Tj ET Q q 0 0 0 rg BT 520.03 421.40 Td (OTTI. ) Tj ET Q q 0 0 0 rg BT 548.11 421.40 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 409.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 108.33 409.40 Td (securities, ) Tj ET Q q 0 0 0 rg BT 150.93 409.40 Td (we ) Tj ET Q q 0 0 0 rg BT 164.93 409.40 Td (recognize ) Tj ET Q q 0 0 0 rg BT 206.13 409.40 Td (an ) Tj ET Q q 0 0 0 rg BT 217.91 409.40 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 243.02 409.40 Td (in ) Tj ET Q q 0 0 0 rg BT 253.13 409.40 Td (the ) Tj ET Q q 0 0 0 rg BT 267.69 409.40 Td (period ) Tj ET Q q 0 0 0 rg BT 295.57 409.40 Td (in ) Tj ET Q q 0 0 0 rg BT 305.69 409.40 Td (which ) Tj ET Q q 0 0 0 rg BT 332.46 409.40 Td (we ) Tj ET Q q 0 0 0 rg BT 346.46 409.40 Td (do ) Tj ET Q q 0 0 0 rg BT 358.80 409.40 Td (not ) Tj ET Q q 0 0 0 rg BT 373.92 409.40 Td (have ) Tj ET Q q 0 0 0 rg BT 395.13 409.40 Td (the ) Tj ET Q q 0 0 0 rg BT 409.69 409.40 Td (intent ) Tj ET Q q 0 0 0 rg BT 434.80 409.40 Td (and ) Tj ET Q q 0 0 0 rg BT 451.57 409.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 479.46 409.40 Td (to ) Tj ET Q q 0 0 0 rg BT 489.58 409.40 Td (hold ) Tj ET Q q 0 0 0 rg BT 509.70 409.40 Td (the ) Tj ET Q q 0 0 0 rg BT 524.25 409.40 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 397.40 Td (until ) Tj ET Q q 0 0 0 rg BT 101.71 397.40 Td (recovery ) Tj ET Q q 0 0 0 rg BT 139.05 397.40 Td (of ) Tj ET Q q 0 0 0 rg BT 149.75 397.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 168.23 397.40 Td (or ) Tj ET Q q 0 0 0 rg BT 178.93 397.40 Td (we ) Tj ET Q q 0 0 0 rg BT 192.96 397.40 Td (determine ) Tj ET Q q 0 0 0 rg BT 235.31 397.40 Td (that ) Tj ET Q q 0 0 0 rg BT 252.68 397.40 Td (the ) Tj ET Q q 0 0 0 rg BT 267.27 397.40 Td (security ) Tj ET Q q 0 0 0 rg BT 301.29 397.40 Td (will ) Tj ET Q q 0 0 0 rg BT 319.22 397.40 Td (not ) Tj ET Q q 0 0 0 rg BT 334.37 397.40 Td (recover ) Tj ET Q q 0 0 0 rg BT 366.72 397.40 Td (to ) Tj ET Q q 0 0 0 rg BT 376.86 397.40 Td (book ) Tj ET Q q 0 0 0 rg BT 399.23 397.40 Td (value ) Tj ET Q q 0 0 0 rg BT 423.26 397.40 Td (within ) Tj ET Q q 0 0 0 rg BT 451.19 397.40 Td (a ) Tj ET Q q 0 0 0 rg BT 458.00 397.40 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 503.12 397.40 Td (period ) Tj ET Q q 0 0 0 rg BT 531.04 397.40 Td (of ) Tj ET Q q 0 0 0 rg BT 541.74 397.40 Td (time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 385.40 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 385.40 Td (e ) Tj ET Q q 0 0 0 rg BT 96.32 385.40 Td (determine ) Tj ET Q q 0 0 0 rg BT 138.54 385.40 Td (what ) Tj ET Q q 0 0 0 rg BT 160.22 385.40 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 205.23 385.40 Td (a ) Tj ET Q q 0 0 0 rg BT 211.91 385.40 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 256.90 385.40 Td (period ) Tj ET Q q 0 0 0 rg BT 284.69 385.40 Td (of ) Tj ET Q q 0 0 0 rg BT 295.26 385.40 Td (time ) Tj ET Q q 0 0 0 rg BT 315.27 385.40 Td (on ) Tj ET Q q 0 0 0 rg BT 327.51 385.40 Td (a ) Tj ET Q q 0 0 0 rg BT 334.19 385.40 Td (security-by-security ) Tj ET Q q 0 0 0 rg BT 416.40 385.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 438.64 385.40 Td (by ) Tj ET Q q 0 0 0 rg BT 450.88 385.40 Td (considering ) Tj ET Q q 0 0 0 rg BT 499.78 385.40 Td (all ) Tj ET Q q 0 0 0 rg BT 512.01 385.40 Td (the ) Tj ET Q q 0 0 0 rg BT 526.47 385.40 Td (evidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 373.40 Td (available, ) Tj ET Q q 0 0 0 rg BT 121.60 373.40 Td (including ) Tj ET Q q 0 0 0 rg BT 161.39 373.40 Td (the ) Tj ET Q q 0 0 0 rg BT 175.63 373.40 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 219.85 373.40 Td (of ) Tj ET Q q 0 0 0 rg BT 230.20 373.40 Td (any ) Tj ET Q q 0 0 0 rg BT 246.65 373.40 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 290.31 373.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 307.89 373.40 Td (and ) Tj ET Q q 0 0 0 rg BT 324.34 373.40 Td (its ) Tj ET Q q 0 0 0 rg BT 335.80 373.40 Td (duration. ) Tj ET Q q 0 0 0 rg BT 373.65 373.40 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 422.31 373.40 Td (analysis ) Tj ET Q q 0 0 0 rg BT 456.54 373.40 Td (of ) Tj ET Q q 0 0 0 rg BT 466.89 373.40 Td (the ) Tj ET Q q 0 0 0 rg BT 481.12 373.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 527.02 373.40 Td (portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 361.40 Td (involves ) Tj ET Q q 0 0 0 rg BT 117.97 361.40 Td (considerable ) Tj ET Q q 0 0 0 rg BT 171.59 361.40 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 214.95 361.40 Td (is ) Tj ET Q q 0 0 0 rg BT 224.70 361.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 256.11 361.40 Td (to ) Tj ET Q q 0 0 0 rg BT 266.98 361.40 Td (considerable ) Tj ET Q q 0 0 0 rg BT 320.59 361.40 Td (variability) Tj ET Q q 0 0 0 rg BT 361.04 361.40 Td (, ) Tj ET Q q 0 0 0 rg BT 366.63 361.40 Td (is ) Tj ET Q q 0 0 0 rg BT 376.38 361.40 Td (established ) Tj ET Q q 0 0 0 rg BT 423.90 361.40 Td (using ) Tj ET Q q 0 0 0 rg BT 448.66 361.40 Td (management) Tj ET Q q 0 0 0 rg BT 502.52 361.40 Td (s ) Tj ET Q q 0 0 0 rg BT 509.50 361.40 Td (best ) Tj ET Q q 0 0 0 rg BT 528.69 361.40 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 349.40 Td (and ) Tj ET Q q 0 0 0 rg BT 97.89 349.40 Td (is ) Tj ET Q q 0 0 0 rg BT 107.01 349.40 Td (revised ) Tj ET Q q 0 0 0 rg BT 138.34 349.40 Td (as ) Tj ET Q q 0 0 0 rg BT 149.12 349.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 191.56 349.40 Td (information ) Tj ET Q q 0 0 0 rg BT 241.22 349.40 Td (becomes ) Tj ET Q q 0 0 0 rg BT 278.65 349.40 Td (available. ) Tj ET Q q 0 0 0 rg BT 319.15 349.40 Td (As ) Tj ET Q q 0 0 0 rg BT 332.72 349.40 Td (such, ) Tj ET Q q 0 0 0 rg BT 356.00 349.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 390.65 349.40 Td (in ) Tj ET Q q 0 0 0 rg BT 400.88 349.40 Td (or ) Tj ET Q q 0 0 0 rg BT 411.66 349.40 Td (deviations ) Tj ET Q q 0 0 0 rg BT 455.22 349.40 Td (from ) Tj ET Q q 0 0 0 rg BT 477.10 349.40 Td (the ) Tj ET Q q 0 0 0 rg BT 491.77 349.40 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 543.67 349.40 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 337.40 Td (in ) Tj ET Q q 0 0 0 rg BT 91.10 337.40 Td (such ) Tj ET Q q 0 0 0 rg BT 111.75 337.40 Td (analysis ) Tj ET Q q 0 0 0 rg BT 146.29 337.40 Td (can ) Tj ET Q q 0 0 0 rg BT 162.49 337.40 Td (have ) Tj ET Q q 0 0 0 rg BT 183.68 337.40 Td (a ) Tj ET Q q 0 0 0 rg BT 190.44 337.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 234.98 337.40 Td (ef) Tj ET Q q 0 0 0 rg BT 242.56 337.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 259.87 337.40 Td (on ) Tj ET Q q 0 0 0 rg BT 272.19 337.40 Td (the ) Tj ET Q q 0 0 0 rg BT 286.73 337.40 Td (results ) Tj ET Q q 0 0 0 rg BT 315.16 337.40 Td (of ) Tj ET Q q 0 0 0 rg BT 325.81 337.40 Td (operations. ) Tj ET Q q 0 0 0 rg BT 372.28 337.40 Td (During ) Tj ET Q q 0 0 0 rg BT 402.93 337.40 Td (the ) Tj ET Q q 0 0 0 rg BT 417.47 337.40 Td (twelve ) Tj ET Q q 0 0 0 rg BT 446.45 337.40 Td (months ) Tj ET Q q 0 0 0 rg BT 478.22 337.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 504.42 337.40 Td (September ) Tj ET Q q 0 0 0 rg BT 549.50 337.40 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 325.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 105.12 325.40 Td (we ) Tj ET Q q 0 0 0 rg BT 120.90 325.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 168.88 325.40 Td (credit-related ) Tj ET Q q 0 0 0 rg BT 226.29 325.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 276.51 325.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 304.51 325.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.96 325.40 Td ($59,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.96 325.40 Td ( ) Tj ET Q q 0 0 0 rg BT 371.08 325.40 Td (on ) Tj ET Q q 0 0 0 rg BT 385.20 325.40 Td (available-for) Tj ET Q q 0 0 0 rg BT 436.08 325.40 Td (-sale ) Tj ET Q q 0 0 0 rg BT 459.07 325.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 483.74 325.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 521.74 325.40 Td (securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 313.40 Td (available-for) Tj ET Q q 0 0 0 rg BT 131.88 313.40 Td (-sale ) Tj ET Q q 0 0 0 rg BT 153.07 313.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 180.38 313.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 220.46 313.40 Td (and ) Tj ET Q q 0 0 0 rg BT 237.21 313.40 Td (other ) Tj ET Q q 0 0 0 rg BT 260.07 313.40 Td (invested ) Tj ET Q q 0 0 0 rg BT 295.71 313.40 Td (assets, ) Tj ET Q q 0 0 0 rg BT 323.86 313.40 Td (net ) Tj ET Q q 0 0 0 rg BT 338.39 313.40 Td (of ) Tj ET Q q 0 0 0 rg BT 349.03 313.40 Td (reinsurance, ) Tj ET Q q 0 0 0 rg BT 399.93 313.40 Td (related ) Tj ET Q q 0 0 0 rg BT 429.45 313.40 Td (to ) Tj ET Q q 0 0 0 rg BT 439.54 313.40 Td (direct ) Tj ET Q q 0 0 0 rg BT 464.62 313.40 Td (and ) Tj ET Q q 0 0 0 rg BT 481.37 313.40 Td (indirect ) Tj ET Q q 0 0 0 rg BT 514.23 313.40 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 301.40 Td (in ) Tj ET Q q 0 0 0 rg BT 90.83 301.40 Td (RadioShack ) Tj ET Q q 0 0 0 rg BT 141.20 301.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 191.57 301.40 Td (\("RSH"\) ) Tj ET Q q 0 0 0 rg BT 227.90 301.40 Td (and ) Tj ET Q q 0 0 0 rg BT 244.39 301.40 Td (other ) Tj ET Q q 0 0 0 rg BT 266.98 301.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 290.14 301.40 Td (because ) Tj ET Q q 0 0 0 rg BT 323.83 301.40 Td (the ) Tj ET Q q 0 0 0 rg BT 338.10 301.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 379.03 301.40 Td (concluded ) Tj ET Q q 0 0 0 rg BT 422.17 301.40 Td (the ) Tj ET Q q 0 0 0 rg BT 436.44 301.40 Td (decline ) Tj ET Q q 0 0 0 rg BT 467.36 301.40 Td (in ) Tj ET Q q 0 0 0 rg BT 477.19 301.40 Td (the ) Tj ET Q q 0 0 0 rg BT 491.45 301.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 507.38 301.40 Td (value ) Tj ET Q q 0 0 0 rg BT 531.08 301.40 Td (of ) Tj ET Q q 0 0 0 rg BT 541.46 301.40 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 289.40 Td (investments ) Tj ET Q q 0 0 0 rg BT 130.38 289.40 Td (was ) Tj ET Q q 0 0 0 rg BT 147.54 289.40 Td (other ) Tj ET Q q 0 0 0 rg BT 169.70 289.40 Td (than ) Tj ET Q q 0 0 0 rg BT 188.52 289.40 Td (temporary) Tj ET Q q 0 0 0 rg BT 228.97 289.40 Td (. ) Tj ET Q q 0 0 0 rg BT 233.08 289.40 Td (See ) Tj ET Q q 0 0 0 rg BT 249.13 289.40 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 277.94 289.40 Td (and ) Tj ET Q q 0 0 0 rg BT 293.87 289.40 Td (W) Tj ET Q q 0 0 0 rg BT 302.51 289.40 Td (atch ) Tj ET Q q 0 0 0 rg BT 320.77 289.40 Td (List, ) Tj ET Q q 0 0 0 rg BT 344.88 289.40 Td ("Note ) Tj ET Q q 0 0 0 rg BT 370.01 289.40 Td (2. ) Tj ET Q q 0 0 0 rg BT 379.12 289.40 Td (Significant ) Tj ET Q q 0 0 0 rg BT 424.25 289.40 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 472.52 289.40 Td (Policies ) Tj ET Q q 0 0 0 rg BT 505.79 289.40 Td (and ) Tj ET Q q 0 0 0 rg BT 521.84 289.40 Td (Practices" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 277.40 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 277.40 Td ("Note ) Tj ET Q q 0 0 0 rg BT 123.96 277.40 Td (4. ) Tj ET Q q 0 0 0 rg BT 133.96 277.40 Td (Investments" ) Tj ET Q q 0 0 0 rg BT 188.87 277.40 Td (to ) Tj ET Q q 0 0 0 rg BT 199.14 277.40 Td (our ) Tj ET Q q 0 0 0 rg BT 214.97 277.40 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.91 277.40 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 302.18 277.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 341.89 277.40 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.78 277.40 Td ( ) Tj ET Q q 0 0 0 rg BT 388.28 277.40 Td (for ) Tj ET Q q 0 0 0 rg BT 402.44 277.40 Td (a ) Tj ET Q q 0 0 0 rg BT 409.37 277.40 Td (more ) Tj ET Q q 0 0 0 rg BT 432.42 277.40 Td (complete ) Tj ET Q q 0 0 0 rg BT 471.57 277.40 Td (discussion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 256.40 Td (W) Tj ET Q q 0 0 0 rg BT 111.64 256.40 Td (e ) Tj ET Q q 0 0 0 rg BT 119.17 256.40 Td (also ) Tj ET Q q 0 0 0 rg BT 138.38 256.40 Td (have ) Tj ET Q q 0 0 0 rg BT 160.35 256.40 Td (a ) Tj ET Q q 0 0 0 rg BT 167.88 256.40 Td (policy ) Tj ET Q q 0 0 0 rg BT 195.97 256.40 Td (and ) Tj ET Q q 0 0 0 rg BT 213.51 256.40 Td (process ) Tj ET Q q 0 0 0 rg BT 246.59 256.40 Td (in ) Tj ET Q q 0 0 0 rg BT 257.47 256.40 Td (place ) Tj ET Q q 0 0 0 rg BT 281.66 256.40 Td (to ) Tj ET Q q 0 0 0 rg BT 292.53 256.40 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 328.94 256.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 369.80 256.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 394.00 256.40 Td (held ) Tj ET Q q 0 0 0 rg BT 414.31 256.40 Td (in ) Tj ET Q q 0 0 0 rg BT 425.19 256.40 Td (our ) Tj ET Q q 0 0 0 rg BT 441.61 256.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 488.59 256.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 526.68 256.40 Td (to ) Tj ET Q q 0 0 0 rg BT 537.56 256.40 Td (assess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 244.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 116.74 244.40 Td (any ) Tj ET Q q 0 0 0 rg BT 134.71 244.40 Td (of ) Tj ET Q q 0 0 0 rg BT 146.57 244.40 Td (the ) Tj ET Q q 0 0 0 rg BT 162.32 244.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 186.96 244.40 Td (are ) Tj ET Q q 0 0 0 rg BT 202.70 244.40 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 244.27 244.40 Td ( ) Tj ET Q q 0 0 0 rg BT 247.80 244.40 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 290.21 244.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 314.85 244.40 Td (on ) Tj ET Q q 0 0 0 rg BT 328.38 244.40 Td (real ) Tj ET Q q 0 0 0 rg BT 346.90 244.40 Td (estate ) Tj ET Q q 0 0 0 rg BT 373.20 244.40 Td (are ) Tj ET Q q 0 0 0 rg BT 388.94 244.40 Td (all ) Tj ET Q q 0 0 0 rg BT 402.46 244.40 Td (commercial ) Tj ET Q q 0 0 0 rg BT 453.19 244.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 494.49 244.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 519.13 244.40 Td (\("CMLs"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 232.40 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 122.56 232.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 146.35 232.40 Td (are ) Tj ET Q q 0 0 0 rg BT 161.23 232.40 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 202.23 232.40 Td (by ) Tj ET Q q 0 0 0 rg BT 214.91 232.40 Td (the ) Tj ET Q q 0 0 0 rg BT 229.80 232.40 Td (Company) Tj ET Q q 0 0 0 rg BT 271.47 232.40 Td (s ) Tj ET Q q 0 0 0 rg BT 278.04 232.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 324.60 232.40 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 382.55 232.40 Td (including ) Tj ET Q q 0 0 0 rg BT 423.01 232.40 Td (an ) Tj ET Q q 0 0 0 rg BT 435.13 232.40 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 473.90 232.40 Td (of ) Tj ET Q q 0 0 0 rg BT 484.91 232.40 Td (loan-specific ) Tj ET Q q 0 0 0 rg BT 539.23 232.40 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 220.40 Td (quality) Tj ET Q q 0 0 0 rg BT 108.12 220.40 Td (, ) Tj ET Q q 0 0 0 rg BT 113.09 220.40 Td (property ) Tj ET Q q 0 0 0 rg BT 149.44 220.40 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 209.10 220.40 Td (and ) Tj ET Q q 0 0 0 rg BT 226.01 220.40 Td (market ) Tj ET Q q 0 0 0 rg BT 256.24 220.40 Td (trends. ) Tj ET Q q 0 0 0 rg BT 285.65 220.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 308.67 220.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 361.66 220.40 Td (is ) Tj ET Q q 0 0 0 rg BT 370.80 220.40 Td (continuously ) Tj ET Q q 0 0 0 rg BT 424.94 220.40 Td (monitored ) Tj ET Q q 0 0 0 rg BT 468.51 220.40 Td (on ) Tj ET Q q 0 0 0 rg BT 480.99 220.40 Td (a ) Tj ET Q q 0 0 0 rg BT 487.89 220.40 Td (loan-specific ) Tj ET Q q 0 0 0 rg BT 542.01 220.40 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 208.40 Td (throughout ) Tj ET Q q 0 0 0 rg BT 126.86 208.40 Td (the ) Tj ET Q q 0 0 0 rg BT 141.06 208.40 Td (year) Tj ET Q q 0 0 0 rg BT 157.71 208.40 Td (. ) Tj ET Q q 0 0 0 rg BT 162.05 208.40 Td (The ) Tj ET Q q 0 0 0 rg BT 179.57 208.40 Td (Company) Tj ET Q q 0 0 0 rg BT 221.23 208.40 Td (s ) Tj ET Q q 0 0 0 rg BT 227.10 208.40 Td (review ) Tj ET Q q 0 0 0 rg BT 256.29 208.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 291.59 208.40 Td (submitted ) Tj ET Q q 0 0 0 rg BT 333.01 208.40 Td (appraisals, ) Tj ET Q q 0 0 0 rg BT 377.47 208.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 417.21 208.40 Td (statements, ) Tj ET Q q 0 0 0 rg BT 463.90 208.40 Td (rent ) Tj ET Q q 0 0 0 rg BT 481.42 208.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 518.94 208.40 Td (and ) Tj ET Q q 0 0 0 rg BT 535.35 208.40 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 196.40 Td (inspection ) Tj ET Q q 0 0 0 rg BT 125.11 196.40 Td (reports, ) Tj ET Q q 0 0 0 rg BT 158.38 196.40 Td (among ) Tj ET Q q 0 0 0 rg BT 188.60 196.40 Td (other ) Tj ET Q q 0 0 0 rg BT 212.15 196.40 Td (items. ) Tj ET Q q 0 0 0 rg BT 239.10 196.40 Td (This ) Tj ET Q q 0 0 0 rg BT 259.88 196.40 Td (review ) Tj ET Q q 0 0 0 rg BT 290.09 196.40 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 330.29 196.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 365.50 196.40 Td (the ) Tj ET Q q 0 0 0 rg BT 380.72 196.40 Td (properties ) Tj ET Q q 0 0 0 rg BT 423.71 196.40 Td (are ) Tj ET Q q 0 0 0 rg BT 438.92 196.40 Td (performing ) Tj ET Q q 0 0 0 rg BT 486.91 196.40 Td (at ) Tj ET Q q 0 0 0 rg BT 497.13 196.40 Td (a ) Tj ET Q q 0 0 0 rg BT 504.57 196.40 Td (consistent ) Tj ET Q q 0 0 0 rg BT 547.57 196.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 184.40 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 125.78 184.40 Td (level ) Tj ET Q q 0 0 0 rg BT 147.80 184.40 Td (to ) Tj ET Q q 0 0 0 rg BT 158.17 184.40 Td (secure ) Tj ET Q q 0 0 0 rg BT 186.30 184.40 Td (the ) Tj ET Q q 0 0 0 rg BT 201.11 184.40 Td (debt. ) Tj ET Q q 0 0 0 rg BT 223.42 184.40 Td (If ) Tj ET Q q 0 0 0 rg BT 232.67 184.40 Td (a ) Tj ET Q q 0 0 0 rg BT 239.70 184.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 280.06 184.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 299.87 184.40 Td (is ) Tj ET Q q 0 0 0 rg BT 309.13 184.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 356.70 184.40 Td (to ) Tj ET Q q 0 0 0 rg BT 367.07 184.40 Td (be ) Tj ET Q q 0 0 0 rg BT 379.10 184.40 Td (impaired ) Tj ET Q q 0 0 0 rg BT 417.24 184.40 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 435.37 184.40 Td (when ) Tj ET Q q 0 0 0 rg BT 459.63 184.40 Td (it ) Tj ET Q q 0 0 0 rg BT 467.77 184.40 Td (is ) Tj ET Q q 0 0 0 rg BT 477.04 184.40 Td (probable ) Tj ET Q q 0 0 0 rg BT 514.61 184.40 Td (that ) Tj ET Q q 0 0 0 rg BT 532.20 184.40 Td (we ) Tj ET Q q 0 0 0 rg BT 546.45 184.40 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 172.40 Td (be ) Tj ET Q q 0 0 0 rg BT 93.10 172.40 Td (unable ) Tj ET Q q 0 0 0 rg BT 122.41 172.40 Td (to ) Tj ET Q q 0 0 0 rg BT 132.85 172.40 Td (collect ) Tj ET Q q 0 0 0 rg BT 162.15 172.40 Td (all ) Tj ET Q q 0 0 0 rg BT 174.81 172.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 211.35 172.40 Td (due ) Tj ET Q q 0 0 0 rg BT 228.45 172.40 Td (according ) Tj ET Q q 0 0 0 rg BT 270.53 172.40 Td (to ) Tj ET Q q 0 0 0 rg BT 280.96 172.40 Td (the ) Tj ET Q q 0 0 0 rg BT 295.84 172.40 Td (contractual ) Tj ET Q q 0 0 0 rg BT 342.92 172.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 367.79 172.40 Td (of ) Tj ET Q q 0 0 0 rg BT 378.78 172.40 Td (the ) Tj ET Q q 0 0 0 rg BT 393.65 172.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 413.53 172.40 Td (agreement\), ) Tj ET Q q 0 0 0 rg BT 463.66 172.40 Td (the ) Tj ET Q q 0 0 0 rg BT 478.53 172.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 514.50 172.40 Td (value ) Tj ET Q q 0 0 0 rg BT 538.82 172.40 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 172.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 160.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 121.16 160.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 140.78 160.40 Td (is ) Tj ET Q q 0 0 0 rg BT 149.84 160.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 183.89 160.40 Td (to ) Tj ET Q q 0 0 0 rg BT 194.06 160.40 Td (the ) Tj ET Q q 0 0 0 rg BT 208.68 160.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 233.84 160.40 Td (of ) Tj ET Q q 0 0 0 rg BT 244.57 160.40 Td (either ) Tj ET Q q 0 0 0 rg BT 269.73 160.40 Td (the ) Tj ET Q q 0 0 0 rg BT 284.34 160.40 Td (present ) Tj ET Q q 0 0 0 rg BT 315.62 160.40 Td (value ) Tj ET Q q 0 0 0 rg BT 339.67 160.40 Td (of ) Tj ET Q q 0 0 0 rg BT 350.40 160.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 388.33 160.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 408.50 160.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 433.11 160.40 Td (from ) Tj ET Q q 0 0 0 rg BT 454.95 160.40 Td (the ) Tj ET Q q 0 0 0 rg BT 469.56 160.40 Td (loan, ) Tj ET Q q 0 0 0 rg BT 491.68 160.40 Td (discounted ) Tj ET Q q 0 0 0 rg BT 537.40 160.40 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 160.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 148.40 Td (loan) Tj ET Q q 0 0 0 rg BT 101.00 148.40 Td (s ) Tj ET Q q 0 0 0 rg BT 108.59 148.40 Td (original ) Tj ET Q q 0 0 0 rg BT 143.41 148.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 182.65 148.40 Td (yield, ) Tj ET Q q 0 0 0 rg BT 208.85 148.40 Td (or ) Tj ET Q q 0 0 0 rg BT 220.89 148.40 Td (the ) Tj ET Q q 0 0 0 rg BT 236.81 148.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 254.40 148.40 Td (value ) Tj ET Q q 0 0 0 rg BT 279.76 148.40 Td (of ) Tj ET Q q 0 0 0 rg BT 291.80 148.40 Td (the ) Tj ET Q q 0 0 0 rg BT 307.72 148.40 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 351.13 148.40 Td (For ) Tj ET Q q 0 0 0 rg BT 368.73 148.40 Td (those ) Tj ET Q q 0 0 0 rg BT 393.54 148.40 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 438.91 148.40 Td (that ) Tj ET Q q 0 0 0 rg BT 457.61 148.40 Td (are ) Tj ET Q q 0 0 0 rg BT 473.52 148.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 522.21 148.40 Td (to ) Tj ET Q q 0 0 0 rg BT 533.70 148.40 Td (require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 136.40 Td (foreclosure, ) Tj ET Q q 0 0 0 rg BT 130.62 136.40 Td (the ) Tj ET Q q 0 0 0 rg BT 144.98 136.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 180.44 136.40 Td (value ) Tj ET Q q 0 0 0 rg BT 204.23 136.40 Td (is ) Tj ET Q q 0 0 0 rg BT 213.05 136.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 246.83 136.40 Td (to ) Tj ET Q q 0 0 0 rg BT 256.75 136.40 Td (the ) Tj ET Q q 0 0 0 rg BT 271.11 136.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 287.13 136.40 Td (value ) Tj ET Q q 0 0 0 rg BT 310.93 136.40 Td (of ) Tj ET Q q 0 0 0 rg BT 321.40 136.40 Td (the ) Tj ET Q q 0 0 0 rg BT 335.76 136.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 381.23 136.40 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 423.07 136.40 Td (net ) Tj ET Q q 0 0 0 rg BT 437.43 136.40 Td (of ) Tj ET Q q 0 0 0 rg BT 447.90 136.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 488.37 136.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 510.51 136.40 Td (to ) Tj ET Q q 0 0 0 rg BT 520.43 136.40 Td (obtain ) Tj ET Q q 0 0 0 rg BT 547.57 136.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 124.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 97.62 124.40 Td (at ) Tj ET Q q 0 0 0 rg BT 107.57 124.40 Td (the ) Tj ET Q q 0 0 0 rg BT 122.51 124.40 Td (point ) Tj ET Q q 0 0 0 rg BT 145.80 124.40 Td (of ) Tj ET Q q 0 0 0 rg BT 156.86 124.40 Td (foreclosure. ) Tj ET Q q 0 0 0 rg BT 206.87 124.40 Td (W) Tj ET Q q 0 0 0 rg BT 215.51 124.40 Td (e ) Tj ET Q q 0 0 0 rg BT 222.68 124.40 Td (also ) Tj ET Q q 0 0 0 rg BT 241.52 124.40 Td (establish ) Tj ET Q q 0 0 0 rg BT 279.24 124.40 Td (a ) Tj ET Q q 0 0 0 rg BT 286.41 124.40 Td (valuation ) Tj ET Q q 0 0 0 rg BT 326.36 124.40 Td (allowance ) Tj ET Q q 0 0 0 rg BT 369.62 124.40 Td (for ) Tj ET Q q 0 0 0 rg BT 384.01 124.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 425.06 124.40 Td (probable ) Tj ET Q q 0 0 0 rg BT 462.78 124.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 488.27 124.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 514.89 124.40 Td (for ) Tj ET Q q 0 0 0 rg BT 529.29 124.40 Td (pools ) Tj ET Q q 0 0 0 rg BT 553.69 124.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 112.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 104.61 112.40 Td (with ) Tj ET Q q 0 0 0 rg BT 124.89 112.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 155.16 112.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 172.66 112.40 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 232.35 112.40 Td (where ) Tj ET Q q 0 0 0 rg BT 259.28 112.40 Td (a ) Tj ET Q q 0 0 0 rg BT 266.21 112.40 Td (property ) Tj ET Q q 0 0 0 rg BT 302.59 112.40 Td (specific ) Tj ET Q q 0 0 0 rg BT 336.19 112.40 Td (or ) Tj ET Q q 0 0 0 rg BT 347.02 112.40 Td (market ) Tj ET Q q 0 0 0 rg BT 377.28 112.40 Td (specific ) Tj ET Q q 0 0 0 rg BT 410.87 112.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 428.37 112.40 Td (has ) Tj ET Q q 0 0 0 rg BT 444.20 112.40 Td (not ) Tj ET Q q 0 0 0 rg BT 459.48 112.40 Td (been ) Tj ET Q q 0 0 0 rg BT 480.86 112.40 Td (identified.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 86.90 Td (DAC ) Tj ET Q q 0 0 0 rg BT 116.06 86.90 Td (and ) Tj ET Q q 0 0 0 rg BT 134.12 86.90 Td (VOBA) Tj ET Q q 0 0 0 rg BT 160.80 86.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 70.40 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 154.31 70.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 176.95 70.40 Td (that ) Tj ET Q q 0 0 0 rg BT 194.59 70.40 Td (are ) Tj ET Q q 0 0 0 rg BT 209.44 70.40 Td (incremental, ) Tj ET Q q 0 0 0 rg BT 261.78 70.40 Td (direct ) Tj ET Q q 0 0 0 rg BT 287.19 70.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 309.84 70.40 Td (of ) Tj ET Q q 0 0 0 rg BT 320.81 70.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 355.66 70.40 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 404.68 70.40 Td (as ) Tj ET Q q 0 0 0 rg BT 415.66 70.40 Td (well ) Tj ET Q q 0 0 0 rg BT 435.52 70.40 Td (as ) Tj ET Q q 0 0 0 rg BT 446.49 70.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 476.34 70.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 498.98 70.40 Td (that ) Tj ET Q q 0 0 0 rg BT 516.62 70.40 Td (are ) Tj ET Q q 0 0 0 rg BT 531.47 70.40 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 58.40 Td (related ) Tj ET Q q 0 0 0 rg BT 110.81 58.40 Td (to ) Tj ET Q q 0 0 0 rg BT 121.21 58.40 Td (successful ) Tj ET Q q 0 0 0 rg BT 164.92 58.40 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 211.41 58.40 Td (activities ) Tj ET Q q 0 0 0 rg BT 250.12 58.40 Td (are ) Tj ET Q q 0 0 0 rg BT 264.94 58.40 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 310.86 58.40 Td (as ) Tj ET Q q 0 0 0 rg BT 321.80 58.40 Td (DAC. ) Tj ET Q q 0 0 0 rg BT 348.03 58.40 Td (DAC ) Tj ET Q q 0 0 0 rg BT 371.75 58.40 Td (consists ) Tj ET Q q 0 0 0 rg BT 406.03 58.40 Td (principally ) Tj ET Q q 0 0 0 rg BT 451.97 58.40 Td (of ) Tj ET Q q 0 0 0 rg BT 462.91 58.40 Td (commissions ) Tj ET Q q 0 0 0 rg BT 517.75 58.40 Td (and ) Tj ET Q q 0 0 0 rg BT 534.80 58.40 Td (certain ) Tj ET Q endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 104.06 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.45 742.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 143.50 742.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 180.43 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 198.49 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 213.75 742.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 247.35 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 277.61 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.45 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.72 742.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 347.88 742.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 394.82 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.21 742.10 Td (new ) Tj ET Q q 0 0 0 rg BT 425.93 742.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 465.38 742.10 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 499.53 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 510.92 742.10 Td (unsuccessful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 127.38 730.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 152.38 730.10 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 207.91 730.10 Td (product ) Tj ET Q q 0 0 0 rg BT 240.96 730.10 Td (development ) Tj ET Q q 0 0 0 rg BT 295.11 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.04 730.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 351.19 730.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 389.79 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 404.50 730.10 Td (char) Tj ET Q q 0 0 0 rg BT 421.52 730.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 438.46 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.74 730.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 483.45 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 494.28 730.10 Td (incurred. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 709.10 Td (VOBA) Tj ET Q q 0 0 0 rg BT 132.78 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.37 709.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.63 709.10 Td (an ) Tj ET Q q 0 0 0 rg BT 156.66 709.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 199.24 709.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 221.27 709.10 Td (that ) Tj ET Q q 0 0 0 rg BT 238.85 709.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 270.86 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.67 709.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 326.58 709.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 343.05 709.10 Td (value ) Tj ET Q q 0 0 0 rg BT 367.29 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.21 709.10 Td (in-force ) Tj ET Q q 0 0 0 rg BT 412.45 709.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 451.13 709.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.50 709.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.52 709.10 Td (life ) Tj ET Q q 0 0 0 rg BT 484.44 709.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 525.34 709.10 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 697.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 127.15 697.10 Td (less ) Tj ET Q q 0 0 0 rg BT 144.43 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.91 697.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 191.18 697.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 228.43 697.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.03 697.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 279.62 697.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 314.09 697.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 356.08 697.10 Td (It ) Tj ET Q q 0 0 0 rg BT 364.46 697.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 407.27 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.76 697.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 452.92 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.52 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.01 697.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 515.82 697.10 Td (price ) Tj ET Q q 0 0 0 rg BT 538.08 697.10 Td (that ) Tj ET Q q 0 0 0 rg BT 555.34 697.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 685.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 119.59 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.87 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.58 685.10 Td (value ) Tj ET Q q 0 0 0 rg BT 168.74 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.57 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.29 685.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 219.56 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.84 685.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 261.21 685.10 Td (future ) Tj ET Q q 0 0 0 rg BT 287.58 685.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 307.85 685.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 332.57 685.10 Td (from ) Tj ET Q q 0 0 0 rg BT 354.51 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.23 685.10 Td (business ) Tj ET Q q 0 0 0 rg BT 405.62 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.90 685.10 Td (force ) Tj ET Q q 0 0 0 rg BT 438.93 685.10 Td (at ) Tj ET Q q 0 0 0 rg BT 448.65 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.37 685.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 509.75 685.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 664.10 Td (DAC ) Tj ET Q q 0 0 0 rg BT 127.98 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.14 664.10 Td (VOBA) Tj ET Q q 0 0 0 rg BT 171.93 664.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.79 664.10 Td (are ) Tj ET Q q 0 0 0 rg BT 187.86 664.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 218.05 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.69 664.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.11 664.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 292.52 664.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 321.04 664.10 Td (on ) Tj ET Q q 0 0 0 rg BT 332.91 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.21 664.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 377.17 664.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 399.03 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 409.22 664.10 Td (when ) Tj ET Q q 0 0 0 rg BT 432.74 664.10 Td (an ) Tj ET Q q 0 0 0 rg BT 444.04 664.10 Td (event ) Tj ET Q q 0 0 0 rg BT 467.56 664.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 495.52 664.10 Td (that ) Tj ET Q q 0 0 0 rg BT 512.38 664.10 Td (may ) Tj ET Q q 0 0 0 rg BT 531.46 664.10 Td (warrant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 652.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 99.06 652.10 Td (recognition. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 81.00 641.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 629.90 Td (For ) Tj ET Q q 0 0 0 rg BT 122.21 629.90 Td (annuity ) Tj ET Q q 0 0 0 rg BT 155.53 629.90 Td (products ) Tj ET Q q 0 0 0 rg BT 193.29 629.90 Td (and ) Tj ET Q q 0 0 0 rg BT 211.05 629.90 Td (IUL, ) Tj ET Q q 0 0 0 rg BT 233.54 629.90 Td (DAC ) Tj ET Q q 0 0 0 rg BT 257.97 629.90 Td (and ) Tj ET Q q 0 0 0 rg BT 275.49 629.90 Td (VOBA) Tj ET Q q 0 0 0 rg BT 303.28 629.90 Td ( ) Tj ET Q q 0 0 0 rg BT 306.60 629.90 Td (are ) Tj ET Q q 0 0 0 rg BT 322.13 629.90 Td (being ) Tj ET Q q 0 0 0 rg BT 347.67 629.90 Td (amortized ) Tj ET Q q 0 0 0 rg BT 390.97 629.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 431.50 629.90 Td (in ) Tj ET Q q 0 0 0 rg BT 442.60 629.90 Td (proportion ) Tj ET Q q 0 0 0 rg BT 488.14 629.90 Td (to ) Tj ET Q q 0 0 0 rg BT 499.24 629.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 540.88 629.90 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 617.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 111.17 617.90 Td (from ) Tj ET Q q 0 0 0 rg BT 134.66 617.90 Td (net ) Tj ET Q q 0 0 0 rg BT 150.93 617.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 198.87 617.90 Td (spread ) Tj ET Q q 0 0 0 rg BT 229.03 617.90 Td (mar) Tj ET Q q 0 0 0 rg BT 244.39 617.90 Td (gins, ) Tj ET Q q 0 0 0 rg BT 267.62 617.90 Td (surrender ) Tj ET Q q 0 0 0 rg BT 309.44 617.90 Td (char) Tj ET Q q 0 0 0 rg BT 326.46 617.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 343.85 617.90 Td (and ) Tj ET Q q 0 0 0 rg BT 362.34 617.90 Td (other ) Tj ET Q q 0 0 0 rg BT 386.95 617.90 Td (product ) Tj ET Q q 0 0 0 rg BT 421.55 617.90 Td (fees, ) Tj ET Q q 0 0 0 rg BT 444.21 617.90 Td (policy ) Tj ET Q q 0 0 0 rg BT 473.26 617.90 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 511.47 617.90 Td (maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 605.90 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 121.58 605.90 Td (mortality ) Tj ET Q q 0 0 0 rg BT 160.21 605.90 Td (net ) Tj ET Q q 0 0 0 rg BT 174.41 605.90 Td (of ) Tj ET Q q 0 0 0 rg BT 184.71 605.90 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 232.77 605.90 Td (ceded ) Tj ET Q q 0 0 0 rg BT 258.06 605.90 Td (and ) Tj ET Q q 0 0 0 rg BT 274.48 605.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 308.66 605.90 Td (mar) Tj ET Q q 0 0 0 rg BT 324.03 605.90 Td (gins, ) Tj ET Q q 0 0 0 rg BT 345.18 605.90 Td (and ) Tj ET Q q 0 0 0 rg BT 361.59 605.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 407.43 605.90 Td (gain ) Tj ET Q q 0 0 0 rg BT 426.62 605.90 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 450.82 605.90 Td (on ) Tj ET Q q 0 0 0 rg BT 462.80 605.90 Td (investments. ) Tj ET Q q 0 0 0 rg BT 515.05 605.90 Td (Current ) Tj ET Q q 0 0 0 rg BT 547.57 605.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 593.90 Td (future ) Tj ET Q q 0 0 0 rg BT 107.63 593.90 Td (period ) Tj ET Q q 0 0 0 rg BT 135.93 593.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 159.80 593.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 188.66 593.90 Td (for ) Tj ET Q q 0 0 0 rg BT 203.07 593.90 Td (FIA) Tj ET Q q 0 0 0 rg BT 218.63 593.90 Td ( ) Tj ET Q q 0 0 0 rg BT 221.38 593.90 Td (contracts ) Tj ET Q q 0 0 0 rg BT 260.23 593.90 Td (also ) Tj ET Q q 0 0 0 rg BT 279.09 593.90 Td (include ) Tj ET Q q 0 0 0 rg BT 311.28 593.90 Td (the ) Tj ET Q q 0 0 0 rg BT 326.25 593.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 356.21 593.90 Td (of ) Tj ET Q q 0 0 0 rg BT 367.30 593.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 403.94 593.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 441.67 593.90 Td (for ) Tj ET Q q 0 0 0 rg BT 456.08 593.90 Td (the ) Tj ET Q q 0 0 0 rg BT 471.05 593.90 Td (change ) Tj ET Q q 0 0 0 rg BT 502.12 593.90 Td (in ) Tj ET Q q 0 0 0 rg BT 512.65 593.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 529.28 593.90 Td (value ) Tj ET Q q 0 0 0 rg BT 553.69 593.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 581.90 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 126.48 581.90 Td (and ) Tj ET Q q 0 0 0 rg BT 142.53 581.90 Td (the ) Tj ET Q q 0 0 0 rg BT 156.35 581.90 Td (change ) Tj ET Q q 0 0 0 rg BT 186.28 581.90 Td (in ) Tj ET Q q 0 0 0 rg BT 195.67 581.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 211.15 581.90 Td (value ) Tj ET Q q 0 0 0 rg BT 234.42 581.90 Td (of ) Tj ET Q q 0 0 0 rg BT 244.35 581.90 Td (embedded ) Tj ET Q q 0 0 0 rg BT 287.06 581.90 Td (derivatives. ) Tj ET Q q 0 0 0 rg BT 334.68 581.90 Td (At ) Tj ET Q q 0 0 0 rg BT 346.29 581.90 Td (each ) Tj ET Q q 0 0 0 rg BT 366.22 581.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 405.04 581.90 Td (date, ) Tj ET Q q 0 0 0 rg BT 425.80 581.90 Td (the ) Tj ET Q q 0 0 0 rg BT 439.63 581.90 Td (most ) Tj ET Q q 0 0 0 rg BT 460.68 581.90 Td (recent ) Tj ET Q q 0 0 0 rg BT 486.72 581.90 Td (quarter) Tj ET Q q 0 0 0 rg BT 515.40 581.90 Td () Tj ET Q q 0 0 0 rg BT 518.18 581.90 Td (s ) Tj ET Q q 0 0 0 rg BT 523.68 581.90 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 569.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 103.39 569.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 130.77 569.90 Td (are ) Tj ET Q q 0 0 0 rg BT 144.26 569.90 Td (updated ) Tj ET Q q 0 0 0 rg BT 177.19 569.90 Td (with ) Tj ET Q q 0 0 0 rg BT 196.24 569.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 221.39 569.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 243.78 569.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 271.16 569.90 Td (and ) Tj ET Q q 0 0 0 rg BT 286.88 569.90 Td (the ) Tj ET Q q 0 0 0 rg BT 300.37 569.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 351.09 569.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 395.70 569.90 Td (future ) Tj ET Q q 0 0 0 rg BT 420.85 569.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 460.44 569.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 482.83 569.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 510.22 569.90 Td (are ) Tj ET Q q 0 0 0 rg BT 523.70 569.90 Td (evaluated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 557.90 Td (for ) Tj ET Q q 0 0 0 rg BT 95.56 557.90 Td (continued ) Tj ET Q q 0 0 0 rg BT 137.88 557.90 Td (reasonableness. ) Tj ET Q q 0 0 0 rg BT 203.26 557.90 Td (If ) Tj ET Q q 0 0 0 rg BT 212.81 557.90 Td (the ) Tj ET Q q 0 0 0 rg BT 227.92 557.90 Td (update ) Tj ET Q q 0 0 0 rg BT 257.47 557.90 Td (of ) Tj ET Q q 0 0 0 rg BT 268.70 557.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 321.04 557.90 Td (causes ) Tj ET Q q 0 0 0 rg BT 350.04 557.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 391.25 557.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 415.26 557.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 444.27 557.90 Td (to ) Tj ET Q q 0 0 0 rg BT 454.94 557.90 Td (increase, ) Tj ET Q q 0 0 0 rg BT 493.09 557.90 Td (DAC ) Tj ET Q q 0 0 0 rg BT 517.10 557.90 Td (and ) Tj ET Q q 0 0 0 rg BT 534.22 557.90 Td (VOBA) Tj ET Q q 0 0 0 rg BT 562.01 557.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 545.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 134.68 545.90 Td (will ) Tj ET Q q 0 0 0 rg BT 153.38 545.90 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 193.43 545.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 231.57 545.90 Td (in ) Tj ET Q q 0 0 0 rg BT 242.49 545.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 268.40 545.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 322.08 545.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 357.43 545.90 Td (in ) Tj ET Q q 0 0 0 rg BT 368.35 545.90 Td (the ) Tj ET Q q 0 0 0 rg BT 383.71 545.90 Td (period. ) Tj ET Q q 0 0 0 rg BT 414.67 545.90 Td (The ) Tj ET Q q 0 0 0 rg BT 433.36 545.90 Td (opposite ) Tj ET Q q 0 0 0 rg BT 470.39 545.90 Td (result ) Tj ET Q q 0 0 0 rg BT 495.75 545.90 Td (occurs ) Tj ET Q q 0 0 0 rg BT 524.99 545.90 Td (when ) Tj ET Q q 0 0 0 rg BT 549.79 545.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 533.90 Td (assumption ) Tj ET Q q 0 0 0 rg BT 130.13 533.90 Td (update ) Tj ET Q q 0 0 0 rg BT 160.35 533.90 Td (causes ) Tj ET Q q 0 0 0 rg BT 190.02 533.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 231.91 533.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 256.60 533.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 286.28 533.90 Td (to ) Tj ET Q q 0 0 0 rg BT 297.63 533.90 Td (decrease. ) Tj ET Q q 0 0 0 rg BT 338.11 533.90 Td (Current ) Tj ET Q q 0 0 0 rg BT 372.23 533.90 Td (period ) Tj ET Q q 0 0 0 rg BT 401.35 533.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 455.45 533.90 Td (is ) Tj ET Q q 0 0 0 rg BT 465.70 533.90 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 502.59 533.90 Td (retrospectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 521.90 Td (through ) Tj ET Q q 0 0 0 rg BT 116.03 521.90 Td (an ) Tj ET Q q 0 0 0 rg BT 129.40 521.90 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 173.32 521.90 Td (process ) Tj ET Q q 0 0 0 rg BT 207.23 521.90 Td (when ) Tj ET Q q 0 0 0 rg BT 232.82 521.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 273.95 521.90 Td (of ) Tj ET Q q 0 0 0 rg BT 286.21 521.90 Td (current ) Tj ET Q q 0 0 0 rg BT 318.45 521.90 Td (or ) Tj ET Q q 0 0 0 rg BT 330.70 521.90 Td (future ) Tj ET Q q 0 0 0 rg BT 358.50 521.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 383.54 521.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 413.58 521.90 Td (\(including ) Tj ET Q q 0 0 0 rg BT 458.60 521.90 Td (the ) Tj ET Q q 0 0 0 rg BT 474.75 521.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 505.88 521.90 Td (of ) Tj ET Q q 0 0 0 rg BT 518.14 521.90 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 509.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.26 509.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 150.74 509.90 Td (and ) Tj ET Q q 0 0 0 rg BT 167.56 509.90 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 197.16 509.90 Td (to ) Tj ET Q q 0 0 0 rg BT 207.31 509.90 Td (be ) Tj ET Q q 0 0 0 rg BT 219.13 509.90 Td (realized ) Tj ET Q q 0 0 0 rg BT 253.15 509.90 Td (from ) Tj ET Q q 0 0 0 rg BT 274.96 509.90 Td (a ) Tj ET Q q 0 0 0 rg BT 281.78 509.90 Td (group ) Tj ET Q q 0 0 0 rg BT 307.48 509.90 Td (of ) Tj ET Q q 0 0 0 rg BT 318.19 509.90 Td (products ) Tj ET Q q 0 0 0 rg BT 355.01 509.90 Td (are ) Tj ET Q q 0 0 0 rg BT 369.59 509.90 Td (revised. ) Tj ET Q q 0 0 0 rg BT 403.34 509.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 421.27 509.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 460.86 509.90 Td (of ) Tj ET Q q 0 0 0 rg BT 471.57 509.90 Td (future ) Tj ET Q q 0 0 0 rg BT 497.82 509.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 521.31 509.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 549.80 509.90 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 497.90 Td (based ) Tj ET Q q 0 0 0 rg BT 106.48 497.90 Td (on ) Tj ET Q q 0 0 0 rg BT 119.19 497.90 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 156.31 497.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 208.47 497.90 Td (related ) Tj ET Q q 0 0 0 rg BT 238.38 497.90 Td (to ) Tj ET Q q 0 0 0 rg BT 248.87 497.90 Td (the ) Tj ET Q q 0 0 0 rg BT 263.80 497.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 309.83 497.90 Td (policies) Tj ET Q q 0 0 0 rg BT 343.52 497.90 Td ( ) Tj ET Q q 0 0 0 rg BT 346.23 497.90 Td (terms, ) Tj ET Q q 0 0 0 rg BT 373.66 497.90 Td (lives ) Tj ET Q q 0 0 0 rg BT 395.25 497.90 Td (of ) Tj ET Q q 0 0 0 rg BT 406.29 497.90 Td (the ) Tj ET Q q 0 0 0 rg BT 421.22 497.90 Td (policies, ) Tj ET Q q 0 0 0 rg BT 457.53 497.90 Td (duration ) Tj ET Q q 0 0 0 rg BT 493.56 497.90 Td (of ) Tj ET Q q 0 0 0 rg BT 504.60 497.90 Td (contract, ) Tj ET Q q 0 0 0 rg BT 542.01 497.90 Td (yield ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 485.90 Td (on ) Tj ET Q q 0 0 0 rg BT 93.96 485.90 Td (investments ) Tj ET Q q 0 0 0 rg BT 144.69 485.90 Td (supporting ) Tj ET Q q 0 0 0 rg BT 190.43 485.90 Td (the ) Tj ET Q q 0 0 0 rg BT 205.60 485.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 245.78 485.90 Td (and ) Tj ET Q q 0 0 0 rg BT 263.18 485.90 Td (level ) Tj ET Q q 0 0 0 rg BT 285.57 485.90 Td (of ) Tj ET Q q 0 0 0 rg BT 296.86 485.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 335.92 485.90 Td (necessary ) Tj ET Q q 0 0 0 rg BT 377.74 485.90 Td (to ) Tj ET Q q 0 0 0 rg BT 388.48 485.90 Td (maintain ) Tj ET Q q 0 0 0 rg BT 426.43 485.90 Td (the ) Tj ET Q q 0 0 0 rg BT 441.61 485.90 Td (polices ) Tj ET Q q 0 0 0 rg BT 472.89 485.90 Td (over ) Tj ET Q q 0 0 0 rg BT 493.62 485.90 Td (their ) Tj ET Q q 0 0 0 rg BT 514.90 485.90 Td (entire ) Tj ET Q q 0 0 0 rg BT 540.62 485.90 Td (lives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 473.90 Td (Revisions ) Tj ET Q q 0 0 0 rg BT 122.88 473.90 Td (are ) Tj ET Q q 0 0 0 rg BT 137.53 473.90 Td (made ) Tj ET Q q 0 0 0 rg BT 161.62 473.90 Td (based ) Tj ET Q q 0 0 0 rg BT 186.83 473.90 Td (on ) Tj ET Q q 0 0 0 rg BT 199.26 473.90 Td (historical ) Tj ET Q q 0 0 0 rg BT 238.91 473.90 Td (results ) Tj ET Q q 0 0 0 rg BT 267.46 473.90 Td (and ) Tj ET Q q 0 0 0 rg BT 284.33 473.90 Td (our ) Tj ET Q q 0 0 0 rg BT 300.10 473.90 Td (best ) Tj ET Q q 0 0 0 rg BT 318.64 473.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 358.29 473.90 Td (of ) Tj ET Q q 0 0 0 rg BT 369.06 473.90 Td (future ) Tj ET Q q 0 0 0 rg BT 395.37 473.90 Td (experience. ) Tj ET Q q 0 0 0 rg BT 443.61 473.90 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 486.03 473.90 Td (future ) Tj ET Q q 0 0 0 rg BT 512.35 473.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 535.90 473.90 Td (profits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 461.90 Td (vary ) Tj ET Q q 0 0 0 rg BT 100.78 461.90 Td (based ) Tj ET Q q 0 0 0 rg BT 125.56 461.90 Td (on ) Tj ET Q q 0 0 0 rg BT 137.57 461.90 Td (a ) Tj ET Q q 0 0 0 rg BT 144.02 461.90 Td (number ) Tj ET Q q 0 0 0 rg BT 176.58 461.90 Td (of ) Tj ET Q q 0 0 0 rg BT 186.92 461.90 Td (sources, ) Tj ET Q q 0 0 0 rg BT 221.42 461.90 Td (including ) Tj ET Q q 0 0 0 rg BT 261.20 461.90 Td (net ) Tj ET Q q 0 0 0 rg BT 275.43 461.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 321.32 461.90 Td (spread ) Tj ET Q q 0 0 0 rg BT 349.43 461.90 Td (mar) Tj ET Q q 0 0 0 rg BT 364.80 461.90 Td (gins, ) Tj ET Q q 0 0 0 rg BT 385.98 461.90 Td (surrender ) Tj ET Q q 0 0 0 rg BT 425.75 461.90 Td (char) Tj ET Q q 0 0 0 rg BT 442.77 461.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 454.22 461.90 Td (income, ) Tj ET Q q 0 0 0 rg BT 488.17 461.90 Td (policy ) Tj ET Q q 0 0 0 rg BT 515.17 461.90 Td (persistency) Tj ET Q q 0 0 0 rg BT 559.51 461.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 449.90 Td (policy ) Tj ET Q q 0 0 0 rg BT 109.59 449.90 Td (administrative ) Tj ET Q q 0 0 0 rg BT 170.39 449.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 210.08 449.90 Td (and ) Tj ET Q q 0 0 0 rg BT 228.11 449.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 275.57 449.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 300.27 449.90 Td (and ) Tj ET Q q 0 0 0 rg BT 318.30 449.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 345.78 449.90 Td (on ) Tj ET Q q 0 0 0 rg BT 359.38 449.90 Td (investments ) Tj ET Q q 0 0 0 rg BT 410.74 449.90 Td (including ) Tj ET Q q 0 0 0 rg BT 452.11 449.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 478.46 449.90 Td (related ) Tj ET Q q 0 0 0 rg BT 509.26 449.90 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 535.62 449.90 Td (losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 437.90 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 123.20 437.90 Td (future ) Tj ET Q q 0 0 0 rg BT 149.28 437.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 172.61 437.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 200.92 437.90 Td (are ) Tj ET Q q 0 0 0 rg BT 215.34 437.90 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 252.54 437.90 Td (to ) Tj ET Q q 0 0 0 rg BT 262.53 437.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 296.94 437.90 Td (in ) Tj ET Q q 0 0 0 rg BT 306.93 437.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 338.57 437.90 Td (rates, ) Tj ET Q q 0 0 0 rg BT 362.16 437.90 Td (which ) Tj ET Q q 0 0 0 rg BT 388.81 437.90 Td (are ) Tj ET Q q 0 0 0 rg BT 403.22 437.90 Td (the ) Tj ET Q q 0 0 0 rg BT 417.65 437.90 Td (most ) Tj ET Q q 0 0 0 rg BT 439.30 437.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 483.72 437.90 Td (component ) Tj ET Q q 0 0 0 rg BT 530.37 437.90 Td (of ) Tj ET Q q 0 0 0 rg BT 540.90 437.90 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 425.90 Td (profits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 404.90 Td (Changes ) Tj ET Q q 0 0 0 rg BT 143.46 404.90 Td (in ) Tj ET Q q 0 0 0 rg BT 155.26 404.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 208.73 404.90 Td (can ) Tj ET Q q 0 0 0 rg BT 226.62 404.90 Td (have ) Tj ET Q q 0 0 0 rg BT 249.52 404.90 Td (a ) Tj ET Q q 0 0 0 rg BT 257.98 404.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 304.21 404.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 335.45 404.90 Td (on ) Tj ET Q q 0 0 0 rg BT 349.47 404.90 Td (DAC ) Tj ET Q q 0 0 0 rg BT 374.60 404.90 Td (and ) Tj ET Q q 0 0 0 rg BT 392.77 404.90 Td (VOBA, ) Tj ET Q q 0 0 0 rg BT 427.62 404.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 482.18 404.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 505.08 404.90 Td (and ) Tj ET Q q 0 0 0 rg BT 523.54 404.90 Td (results ) Tj ET Q q 0 0 0 rg BT 553.67 404.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.90 Td (operations. ) Tj ET Q q 0 0 0 rg BT 128.94 392.90 Td (Assumptions ) Tj ET Q q 0 0 0 rg BT 186.03 392.90 Td (are ) Tj ET Q q 0 0 0 rg BT 203.10 392.90 Td (management) Tj ET Q q 0 0 0 rg BT 256.96 392.90 Td (s ) Tj ET Q q 0 0 0 rg BT 265.71 392.90 Td (best ) Tj ET Q q 0 0 0 rg BT 286.68 392.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 324.86 392.90 Td (of ) Tj ET Q q 0 0 0 rg BT 338.05 392.90 Td (future ) Tj ET Q q 0 0 0 rg BT 366.78 392.90 Td (outcomes. ) Tj ET Q q 0 0 0 rg BT 412.47 392.90 Td (Several ) Tj ET Q q 0 0 0 rg BT 447.31 392.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 501.62 392.90 Td (are ) Tj ET Q q 0 0 0 rg BT 518.68 392.90 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 380.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 125.35 380.90 Td (and ) Tj ET Q q 0 0 0 rg BT 141.93 380.90 Td (require ) Tj ET Q q 0 0 0 rg BT 172.38 380.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 216.73 380.90 Td (judgment ) Tj ET Q q 0 0 0 rg BT 256.64 380.90 Td (in ) Tj ET Q q 0 0 0 rg BT 266.56 380.90 Td (the ) Tj ET Q q 0 0 0 rg BT 280.92 380.90 Td (estimation ) Tj ET Q q 0 0 0 rg BT 324.72 380.90 Td (of ) Tj ET Q q 0 0 0 rg BT 335.18 380.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 358.44 380.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 386.68 380.90 Td (and ) Tj ET Q q 0 0 0 rg BT 403.26 380.90 Td (are ) Tj ET Q q 0 0 0 rg BT 417.61 380.90 Td (listed ) Tj ET Q q 0 0 0 rg BT 441.41 380.90 Td (below) Tj ET Q q 0 0 0 rg BT 465.20 380.90 Td (. ) Tj ET Q q 0 0 0 rg BT 469.68 380.90 Td (W) Tj ET Q q 0 0 0 rg BT 478.32 380.90 Td (e ) Tj ET Q q 0 0 0 rg BT 484.90 380.90 Td (periodically ) Tj ET Q q 0 0 0 rg BT 534.80 380.90 Td (review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 368.90 Td (these ) Tj ET Q q 0 0 0 rg BT 104.52 368.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 156.95 368.90 Td (against ) Tj ET Q q 0 0 0 rg BT 188.25 368.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 215.10 368.90 Td (experience ) Tj ET Q q 0 0 0 rg BT 261.38 368.90 Td (and ) Tj ET Q q 0 0 0 rg BT 278.80 368.90 Td (update ) Tj ET Q q 0 0 0 rg BT 308.43 368.90 Td (our ) Tj ET Q q 0 0 0 rg BT 324.74 368.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 377.16 368.90 Td (based ) Tj ET Q q 0 0 0 rg BT 402.91 368.90 Td (on ) Tj ET Q q 0 0 0 rg BT 415.89 368.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 458.85 368.90 Td (information ) Tj ET Q q 0 0 0 rg BT 509.04 368.90 Td (that ) Tj ET Q q 0 0 0 rg BT 527.02 368.90 Td (becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 356.90 Td (available. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 340.40 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 340.40 Td (Assumptions ) Tj ET Q q 0 0 0 rg BT 158.49 340.40 Td (related ) Tj ET Q q 0 0 0 rg BT 188.46 340.40 Td (to ) Tj ET Q q 0 0 0 rg BT 199.00 340.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 231.19 340.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 248.94 340.40 Td (spreads ) Tj ET Q q 0 0 0 rg BT 281.69 340.40 Td (and ) Tj ET Q q 0 0 0 rg BT 298.89 340.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 324.41 340.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 351.07 340.40 Td (also ) Tj ET Q q 0 0 0 rg BT 369.94 340.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 399.91 340.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 440.99 340.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 464.86 340.40 Td (profits ) Tj ET Q q 0 0 0 rg BT 493.73 340.40 Td (for ) Tj ET Q q 0 0 0 rg BT 508.16 340.40 Td (all ) Tj ET Q q 0 0 0 rg BT 520.91 340.40 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 328.40 Td (products ) Tj ET Q q 0 0 0 rg BT 118.38 328.40 Td (with ) Tj ET Q q 0 0 0 rg BT 139.09 328.40 Td (credited ) Tj ET Q q 0 0 0 rg BT 174.23 328.40 Td (rates. ) Tj ET Q q 0 0 0 rg BT 198.33 328.40 Td (These ) Tj ET Q q 0 0 0 rg BT 225.15 328.40 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 277.53 328.40 Td (are ) Tj ET Q q 0 0 0 rg BT 292.67 328.40 Td (based ) Tj ET Q q 0 0 0 rg BT 318.38 328.40 Td (on ) Tj ET Q q 0 0 0 rg BT 331.32 328.40 Td (the ) Tj ET Q q 0 0 0 rg BT 346.47 328.40 Td (current ) Tj ET Q q 0 0 0 rg BT 377.72 328.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 424.54 328.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 462.47 328.40 Td (yields ) Tj ET Q q 0 0 0 rg BT 489.30 328.40 Td (and ) Tj ET Q q 0 0 0 rg BT 506.67 328.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 532.37 328.40 Td (quality) Tj ET Q q 0 0 0 rg BT 559.50 328.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 316.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 121.82 316.40 Td (future ) Tj ET Q q 0 0 0 rg BT 148.20 316.40 Td (crediting ) Tj ET Q q 0 0 0 rg BT 186.24 316.40 Td (rates, ) Tj ET Q q 0 0 0 rg BT 210.12 316.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 239.27 316.40 Td (markets, ) Tj ET Q q 0 0 0 rg BT 275.92 316.40 Td (and ) Tj ET Q q 0 0 0 rg BT 292.86 316.40 Td (estimates ) Tj ET Q q 0 0 0 rg BT 332.57 316.40 Td (of ) Tj ET Q q 0 0 0 rg BT 343.40 316.40 Td (future ) Tj ET Q q 0 0 0 rg BT 369.78 316.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 401.71 316.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 423.09 316.40 Td (and ) Tj ET Q q 0 0 0 rg BT 440.03 316.40 Td (defaults. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 299.90 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 299.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 129.17 299.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 174.29 299.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 226.64 299.90 Td (include ) Tj ET Q q 0 0 0 rg BT 258.98 299.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 300.20 299.90 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 353.65 299.90 Td (behavior ) Tj ET Q q 0 0 0 rg BT 391.54 299.90 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 446.39 299.90 Td (such ) Tj ET Q q 0 0 0 rg BT 467.63 299.90 Td (as ) Tj ET Q q 0 0 0 rg BT 478.86 299.90 Td (surrender) Tj ET Q q 0 0 0 rg BT 516.22 299.90 Td (, ) Tj ET Q q 0 0 0 rg BT 521.62 299.90 Td (lapse, ) Tj ET Q q 0 0 0 rg BT 547.58 299.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 287.90 Td (annuitization ) Tj ET Q q 0 0 0 rg BT 135.86 287.90 Td (rates. ) Tj ET Q q 0 0 0 rg BT 159.70 287.90 Td (W) Tj ET Q q 0 0 0 rg BT 168.33 287.90 Td (e ) Tj ET Q q 0 0 0 rg BT 175.42 287.90 Td (use ) Tj ET Q q 0 0 0 rg BT 191.40 287.90 Td (a ) Tj ET Q q 0 0 0 rg BT 198.49 287.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 251.14 287.90 Td (of ) Tj ET Q q 0 0 0 rg BT 262.12 287.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 288.64 287.90 Td (and ) Tj ET Q q 0 0 0 rg BT 305.73 287.90 Td (industry ) Tj ET Q q 0 0 0 rg BT 341.16 287.90 Td (experience ) Tj ET Q q 0 0 0 rg BT 387.11 287.90 Td (when ) Tj ET Q q 0 0 0 rg BT 411.42 287.90 Td (setting ) Tj ET Q q 0 0 0 rg BT 440.74 287.90 Td (and ) Tj ET Q q 0 0 0 rg BT 457.83 287.90 Td (updating ) Tj ET Q q 0 0 0 rg BT 495.48 287.90 Td (our ) Tj ET Q q 0 0 0 rg BT 511.46 287.90 Td (policyholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 275.90 Td (behavior ) Tj ET Q q 0 0 0 rg BT 118.49 275.90 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 172.93 275.90 Td (which ) Tj ET Q q 0 0 0 rg BT 199.87 275.90 Td (require ) Tj ET Q q 0 0 0 rg BT 230.69 275.90 Td (considerable ) Tj ET Q q 0 0 0 rg BT 283.72 275.90 Td (judgment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 254.90 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 254.90 Td (e ) Tj ET Q q 0 0 0 rg BT 119.48 254.90 Td (perform ) Tj ET Q q 0 0 0 rg BT 153.10 254.90 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 195.62 254.90 Td (analyses ) Tj ET Q q 0 0 0 rg BT 230.91 254.90 Td (to ) Tj ET Q q 0 0 0 rg BT 240.10 254.90 Td (assess ) Tj ET Q q 0 0 0 rg BT 265.95 254.90 Td (the ) Tj ET Q q 0 0 0 rg BT 279.57 254.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 308.19 254.90 Td (that ) Tj ET Q q 0 0 0 rg BT 324.60 254.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 353.21 254.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 404.06 254.90 Td (have ) Tj ET Q q 0 0 0 rg BT 424.35 254.90 Td (on ) Tj ET Q q 0 0 0 rg BT 435.76 254.90 Td (DAC ) Tj ET Q q 0 0 0 rg BT 458.28 254.90 Td (and ) Tj ET Q q 0 0 0 rg BT 474.03 254.90 Td (VOBA. ) Tj ET Q q 0 0 0 rg BT 506.17 254.90 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 254.90 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 242.90 Td (table ) Tj ET Q q 0 0 0 rg BT 103.32 242.90 Td (presents ) Tj ET Q q 0 0 0 rg BT 138.97 242.90 Td (the ) Tj ET Q q 0 0 0 rg BT 154.07 242.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 195.27 242.90 Td (instantaneous ) Tj ET Q q 0 0 0 rg BT 252.59 242.90 Td (net ) Tj ET Q q 0 0 0 rg BT 267.69 242.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 297.78 242.90 Td (to ) Tj ET Q q 0 0 0 rg BT 308.45 242.90 Td (income ) Tj ET Q q 0 0 0 rg BT 340.76 242.90 Td (before ) Tj ET Q q 0 0 0 rg BT 369.18 242.90 Td (income ) Tj ET Q q 0 0 0 rg BT 401.50 242.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 424.93 242.90 Td (of ) Tj ET Q q 0 0 0 rg BT 436.14 242.90 Td (various ) Tj ET Q q 0 0 0 rg BT 468.47 242.90 Td (assumption ) Tj ET Q q 0 0 0 rg BT 516.91 242.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 552.00 242.90 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 230.90 Td (our ) Tj ET Q q 0 0 0 rg BT 97.13 230.90 Td (DAC ) Tj ET Q q 0 0 0 rg BT 121.05 230.90 Td (and ) Tj ET Q q 0 0 0 rg BT 138.08 230.90 Td (VOBA. ) Tj ET Q q 0 0 0 rg BT 171.52 230.90 Td (The ) Tj ET Q q 0 0 0 rg BT 189.87 230.90 Td (ef) Tj ET Q q 0 0 0 rg BT 197.46 230.90 Td (fects, ) Tj ET Q q 0 0 0 rg BT 221.63 230.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 257.19 230.90 Td (or ) Tj ET Q q 0 0 0 rg BT 268.32 230.90 Td (\(decrease\), ) Tj ET Q q 0 0 0 rg BT 314.70 230.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 355.81 230.90 Td (are ) Tj ET Q q 0 0 0 rg BT 370.82 230.90 Td (not ) Tj ET Q q 0 0 0 rg BT 386.40 230.90 Td (representative ) Tj ET Q q 0 0 0 rg BT 445.28 230.90 Td (of ) Tj ET Q q 0 0 0 rg BT 456.42 230.90 Td (the ) Tj ET Q q 0 0 0 rg BT 471.43 230.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 513.10 230.90 Td (impacts ) Tj ET Q q 0 0 0 rg BT 547.00 230.90 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 218.90 Td (could ) Tj ET Q q 0 0 0 rg BT 105.72 218.90 Td (result ) Tj ET Q q 0 0 0 rg BT 130.43 218.90 Td (if ) Tj ET Q q 0 0 0 rg BT 139.04 218.90 Td (a ) Tj ET Q q 0 0 0 rg BT 145.98 218.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 198.47 218.90 Td (of ) Tj ET Q q 0 0 0 rg BT 209.30 218.90 Td (such ) Tj ET Q q 0 0 0 rg BT 230.13 218.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 264.84 218.90 Td (to ) Tj ET Q q 0 0 0 rg BT 275.12 218.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 307.05 218.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 328.43 218.90 Td (and ) Tj ET Q q 0 0 0 rg BT 345.37 218.90 Td (other ) Tj ET Q q 0 0 0 rg BT 368.41 218.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 420.36 218.90 Td (occurred. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 179.40 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 179.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 179.40 93.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 151.40 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 151.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 151.40 93.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 187.39999999999998 m 561.5 187.39999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 191.63 Td (\(dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.35 191.63 Td (As of September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 169.65 Td (A change to the long-term interest rate assumption of -50 basis points) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.00 169.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.60 169.65 Td (\(56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 169.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 155.65 Td (A change to the long-term interest rate assumption of +50 basis points) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 155.65 Td (48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 141.65 Td (An assumed 10% increase in surrender rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.60 141.65 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 141.65 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 119.90 Td (Assumptions ) Tj ET Q q 0 0 0 rg BT 159.07 119.90 Td (regarding ) Tj ET Q q 0 0 0 rg BT 199.22 119.90 Td (shifts ) Tj ET Q q 0 0 0 rg BT 222.72 119.90 Td (in ) Tj ET Q q 0 0 0 rg BT 232.33 119.90 Td (market ) Tj ET Q q 0 0 0 rg BT 261.93 119.90 Td (factors ) Tj ET Q q 0 0 0 rg BT 290.98 119.90 Td (may ) Tj ET Q q 0 0 0 rg BT 310.03 119.90 Td (be ) Tj ET Q q 0 0 0 rg BT 321.30 119.90 Td (overly ) Tj ET Q q 0 0 0 rg BT 348.68 119.90 Td (simplistic ) Tj ET Q q 0 0 0 rg BT 389.41 119.90 Td (and ) Tj ET Q q 0 0 0 rg BT 405.68 119.90 Td (not ) Tj ET Q q 0 0 0 rg BT 420.30 119.90 Td (indicative ) Tj ET Q q 0 0 0 rg BT 461.56 119.90 Td (of ) Tj ET Q q 0 0 0 rg BT 471.72 119.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 497.43 119.90 Td (market ) Tj ET Q q 0 0 0 rg BT 527.03 119.90 Td (behavior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 107.90 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 107.90 Td (stress ) Tj ET Q q 0 0 0 rg BT 116.00 107.90 Td (scenarios. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 91.40 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 91.40 Td (Lower ) Tj ET Q q 0 0 0 rg BT 145.96 91.40 Td (assumed ) Tj ET Q q 0 0 0 rg BT 183.25 91.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 215.54 91.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 237.28 91.40 Td (or ) Tj ET Q q 0 0 0 rg BT 248.47 91.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 276.87 91.40 Td (assumed ) Tj ET Q q 0 0 0 rg BT 314.17 91.40 Td (annuity ) Tj ET Q q 0 0 0 rg BT 347.02 91.40 Td (surrender ) Tj ET Q q 0 0 0 rg BT 387.64 91.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 409.37 91.40 Td (tend ) Tj ET Q q 0 0 0 rg BT 429.45 91.40 Td (to ) Tj ET Q q 0 0 0 rg BT 440.08 91.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 477.36 91.40 Td (the ) Tj ET Q q 0 0 0 rg BT 492.43 91.40 Td (balances ) Tj ET Q q 0 0 0 rg BT 529.71 91.40 Td (of ) Tj ET Q q 0 0 0 rg BT 540.90 91.40 Td (DAC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 79.40 Td (and ) Tj ET Q q 0 0 0 rg BT 133.76 79.40 Td (VOBA, ) Tj ET Q q 0 0 0 rg BT 167.09 79.40 Td (thus ) Tj ET Q q 0 0 0 rg BT 186.26 79.40 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 231.52 79.40 Td (income ) Tj ET Q q 0 0 0 rg BT 263.45 79.40 Td (before ) Tj ET Q q 0 0 0 rg BT 291.49 79.40 Td (income ) Tj ET Q q 0 0 0 rg BT 323.42 79.40 Td (taxes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 62.90 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 62.90 Td (Higher ) Tj ET Q q 0 0 0 rg BT 146.77 62.90 Td (assumed ) Tj ET Q q 0 0 0 rg BT 183.21 62.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 214.65 62.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 235.53 62.90 Td (or ) Tj ET Q q 0 0 0 rg BT 245.86 62.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 270.64 62.90 Td (assumed ) Tj ET Q q 0 0 0 rg BT 307.08 62.90 Td (annuity ) Tj ET Q q 0 0 0 rg BT 339.08 62.90 Td (surrender ) Tj ET Q q 0 0 0 rg BT 378.84 62.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 399.72 62.90 Td (tend ) Tj ET Q q 0 0 0 rg BT 418.94 62.90 Td (to ) Tj ET Q q 0 0 0 rg BT 428.72 62.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 463.48 62.90 Td (the ) Tj ET Q q 0 0 0 rg BT 477.70 62.90 Td (balances ) Tj ET Q q 0 0 0 rg BT 514.13 62.90 Td (of ) Tj ET Q q 0 0 0 rg BT 524.46 62.90 Td (DAC ) Tj ET Q q 0 0 0 rg BT 547.58 62.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 50.90 Td (VOBA, ) Tj ET Q q 0 0 0 rg BT 150.33 50.90 Td (thus ) Tj ET Q q 0 0 0 rg BT 169.50 50.90 Td (increasing ) Tj ET Q q 0 0 0 rg BT 213.10 50.90 Td (income ) Tj ET Q q 0 0 0 rg BT 245.03 50.90 Td (before ) Tj ET Q q 0 0 0 rg BT 273.07 50.90 Td (income ) Tj ET Q q 0 0 0 rg BT 305.00 50.90 Td (taxes. ) Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 742.10 Td (See ) Tj ET Q q 0 0 0 rg BT 121.15 742.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 146.38 742.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 155.60 742.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 200.81 742.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 249.18 742.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 282.56 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.71 742.10 Td (Practices", ) Tj ET Q q 0 0 0 rg BT 343.10 742.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 368.33 742.10 Td (3. ) Tj ET Q q 0 0 0 rg BT 377.55 742.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 423.14 742.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 447.09 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.24 742.10 Td (Uncertainties" ) Tj ET Q q 0 0 0 rg BT 522.34 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.49 742.10 Td ("Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (7. ) Tj ET Q q 0 0 0 rg BT 91.00 730.10 Td (Intangibles" ) Tj ET Q q 0 0 0 rg BT 142.02 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.29 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.12 730.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.06 730.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 255.33 730.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 295.04 730.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.92 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.42 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 355.58 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.52 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 385.57 730.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 424.72 730.10 Td (discussion. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 704.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 131.60 704.60 Td (for ) Tj ET Q q 0 0 0 rg BT 146.32 704.60 Td (Future ) Tj ET Q q 0 0 0 rg BT 177.72 704.60 Td (Policy ) Tj ET Q q 0 0 0 rg BT 205.76 704.60 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 242.15 704.60 Td (and ) Tj ET Q q 0 0 0 rg BT 260.21 704.60 Td (Product ) Tj ET Q q 0 0 0 rg BT 295.49 704.60 Td (Guarantees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 688.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.24 688.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 179.46 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.48 688.10 Td (future ) Tj ET Q q 0 0 0 rg BT 215.05 688.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 241.73 688.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 271.19 688.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 305.63 688.10 Td (is ) Tj ET Q q 0 0 0 rg BT 313.99 688.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 356.78 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 368.47 688.10 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 404.58 688.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 458.09 688.10 Td (The ) Tj ET Q q 0 0 0 rg BT 475.33 688.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 512.56 688.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 676.10 Td (used ) Tj ET Q q 0 0 0 rg BT 102.24 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.92 676.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 150.82 676.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 190.95 676.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.51 676.10 Td (future ) Tj ET Q q 0 0 0 rg BT 232.30 676.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 260.20 676.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 294.76 676.10 Td (are ) Tj ET Q q 0 0 0 rg BT 309.88 676.10 Td (based ) Tj ET Q q 0 0 0 rg BT 335.55 676.10 Td (on ) Tj ET Q q 0 0 0 rg BT 348.46 676.10 Td (our ) Tj ET Q q 0 0 0 rg BT 364.69 676.10 Td (experience. ) Tj ET Q q 0 0 0 rg BT 413.19 676.10 Td (These ) Tj ET Q q 0 0 0 rg BT 439.98 676.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 492.33 676.10 Td (are ) Tj ET Q q 0 0 0 rg BT 507.44 676.10 Td (established ) Tj ET Q q 0 0 0 rg BT 554.78 676.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 664.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 102.87 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.06 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.15 664.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 161.22 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.52 664.10 Td (include ) Tj ET Q q 0 0 0 rg BT 208.82 664.10 Td (mortality) Tj ET Q q 0 0 0 rg BT 244.83 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 249.20 664.10 Td (morbidity) Tj ET Q q 0 0 0 rg BT 287.99 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 292.36 664.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 326.43 664.10 Td (full ) Tj ET Q q 0 0 0 rg BT 342.18 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.49 664.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 385.90 664.10 Td (surrenders, ) Tj ET Q q 0 0 0 rg BT 431.91 664.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 477.66 664.10 Td (returns, ) Tj ET Q q 0 0 0 rg BT 509.80 664.10 Td (annuitization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 652.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 102.59 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.73 652.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 160.85 652.10 Td (The ) Tj ET Q q 0 0 0 rg BT 179.10 652.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 231.26 652.10 Td (used ) Tj ET Q q 0 0 0 rg BT 252.30 652.10 Td (require ) Tj ET Q q 0 0 0 rg BT 283.32 652.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 336.56 652.10 Td (judgment. ) Tj ET Q q 0 0 0 rg BT 379.35 652.10 Td (W) Tj ET Q q 0 0 0 rg BT 387.99 652.10 Td (e ) Tj ET Q q 0 0 0 rg BT 395.13 652.10 Td (review ) Tj ET Q q 0 0 0 rg BT 425.05 652.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 455.52 652.10 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 508.77 652.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 554.78 652.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 640.10 Td (least ) Tj ET Q q 0 0 0 rg BT 103.30 640.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 141.70 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.11 640.10 Td (update ) Tj ET Q q 0 0 0 rg BT 190.73 640.10 Td (these ) Tj ET Q q 0 0 0 rg BT 215.25 640.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 268.67 640.10 Td (when ) Tj ET Q q 0 0 0 rg BT 294.30 640.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 329.36 640.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 372.20 640.10 Td (based ) Tj ET Q q 0 0 0 rg BT 398.94 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.91 640.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 456.87 640.10 Td (information ) Tj ET Q q 0 0 0 rg BT 508.05 640.10 Td (that ) Tj ET Q q 0 0 0 rg BT 527.02 640.10 Td (becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 628.10 Td (available. ) Tj ET Q q 0 0 0 rg BT 122.65 628.10 Td (For ) Tj ET Q q 0 0 0 rg BT 139.60 628.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 183.75 628.10 Td (life ) Tj ET Q q 0 0 0 rg BT 200.14 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.63 628.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 262.90 628.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 295.95 628.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 335.95 628.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 388.45 628.10 Td (used ) Tj ET Q q 0 0 0 rg BT 409.84 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.68 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.95 628.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 467.88 628.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 514.80 628.10 Td (can ) Tj ET Q q 0 0 0 rg BT 531.74 628.10 Td (only ) Tj ET Q q 0 0 0 rg BT 552.58 628.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 616.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 116.69 616.10 Td (if ) Tj ET Q q 0 0 0 rg BT 125.18 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.78 616.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 171.03 616.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.07 616.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 213.55 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.71 616.10 Td (be ) Tj ET Q q 0 0 0 rg BT 235.52 616.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 255.34 616.10 Td (ficient. ) Tj ET Q q 0 0 0 rg BT 285.76 616.10 Td (For ) Tj ET Q q 0 0 0 rg BT 302.04 616.10 Td (all ) Tj ET Q q 0 0 0 rg BT 314.41 616.10 Td (other ) Tj ET Q q 0 0 0 rg BT 337.34 616.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 378.03 616.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 417.35 616.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 451.94 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.09 616.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 513.92 616.10 Td (will ) Tj ET Q q 0 0 0 rg BT 531.86 616.10 Td (be ) Tj ET Q q 0 0 0 rg BT 543.67 616.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.01 604.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 130.78 604.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 169.04 604.10 Td (These ) Tj ET Q q 0 0 0 rg BT 196.15 604.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 231.60 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.61 604.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 295.30 604.10 Td (will ) Tj ET Q q 0 0 0 rg BT 314.09 604.10 Td (also ) Tj ET Q q 0 0 0 rg BT 333.43 604.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 382.20 604.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 417.65 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.66 604.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 446.90 604.10 Td (free ) Tj ET Q q 0 0 0 rg BT 465.67 604.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 487.78 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.46 604.10 Td (option ) Tj ET Q q 0 0 0 rg BT 534.25 604.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 592.10 Td (values. ) Tj ET Q q 0 0 0 rg BT 112.06 592.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 149.52 592.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 162.81 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.16 592.10 Td (deviations ) Tj ET Q q 0 0 0 rg BT 218.28 592.10 Td (from, ) Tj ET Q q 0 0 0 rg BT 243.24 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.47 592.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 310.93 592.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 356.17 592.10 Td (used ) Tj ET Q q 0 0 0 rg BT 377.51 592.10 Td (can ) Tj ET Q q 0 0 0 rg BT 394.41 592.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 447.41 592.10 Td (af) Tj ET Q q 0 0 0 rg BT 455.00 592.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 473.00 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.35 592.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 521.23 592.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 547.58 592.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 580.10 Td (related ) Tj ET Q q 0 0 0 rg BT 110.70 580.10 Td (results ) Tj ET Q q 0 0 0 rg BT 139.31 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.14 580.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 559.10 Td (Mortality ) Tj ET Q q 0 0 0 rg BT 145.03 559.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.96 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.43 559.10 Td (incidence ) Tj ET Q q 0 0 0 rg BT 208.99 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.58 559.10 Td (death ) Tj ET Q q 0 0 0 rg BT 243.49 559.10 Td (amongst ) Tj ET Q q 0 0 0 rg BT 279.63 559.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 336.32 559.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 378.01 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.49 559.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 429.17 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.76 559.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 485.34 559.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 525.91 559.10 Td (coverage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 547.10 Td (by ) Tj ET Q q 0 0 0 rg BT 93.75 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.72 547.10 Td (insurer) Tj ET Q q 0 0 0 rg BT 135.93 547.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.19 547.10 Td (In ) Tj ET Q q 0 0 0 rg BT 152.27 547.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 190.29 547.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 229.70 547.10 Td (also ) Tj ET Q q 0 0 0 rg BT 248.56 547.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 274.07 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.60 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.56 547.10 Td (ceasing ) Tj ET Q q 0 0 0 rg BT 332.30 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.38 547.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 384.46 547.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.21 547.10 Td (life-contingent ) Tj ET Q q 0 0 0 rg BT 458.82 547.10 Td (annuities ) Tj ET Q q 0 0 0 rg BT 497.68 547.10 Td (due ) Tj ET Q q 0 0 0 rg BT 514.87 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.40 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.36 547.10 Td (death ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.55 535.10 Td (annuitant. ) Tj ET Q q 0 0 0 rg BT 148.58 535.10 Td (W) Tj ET Q q 0 0 0 rg BT 157.22 535.10 Td (e ) Tj ET Q q 0 0 0 rg BT 164.15 535.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 191.64 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.58 535.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 251.07 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.90 535.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 288.28 535.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.21 535.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 340.49 535.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 386.29 535.10 Td (when ) Tj ET Q q 0 0 0 rg BT 410.45 535.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 439.62 535.10 Td (our ) Tj ET Q q 0 0 0 rg BT 455.45 535.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 494.61 535.10 Td (assumptions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 514.10 Td (A) Tj ET Q q 0 0 0 rg BT 111.67 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.37 514.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 154.83 514.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 172.52 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 181.89 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.81 514.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 242.81 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.84 514.10 Td (account ) Tj ET Q q 0 0 0 rg BT 287.64 514.10 Td (value ) Tj ET Q q 0 0 0 rg BT 312.00 514.10 Td (surrendered ) Tj ET Q q 0 0 0 rg BT 361.89 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 374.60 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.51 514.10 Td (policyholder) Tj ET Q q 0 0 0 rg BT 439.50 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 444.11 514.10 Td (A) Tj ET Q q 0 0 0 rg BT 450.78 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.48 514.10 Td (lapse ) Tj ET Q q 0 0 0 rg BT 476.73 514.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 494.42 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 503.79 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.71 514.10 Td (percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.03 502.10 Td (account ) Tj ET Q q 0 0 0 rg BT 123.83 502.10 Td (value ) Tj ET Q q 0 0 0 rg BT 147.19 502.10 Td (canceled ) Tj ET Q q 0 0 0 rg BT 183.87 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 195.57 502.10 Td (us ) Tj ET Q q 0 0 0 rg BT 206.17 502.10 Td (due ) Tj ET Q q 0 0 0 rg BT 222.31 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.79 502.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 282.93 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.96 502.10 Td (premiums. ) Tj ET Q q 0 0 0 rg BT 337.04 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 345.68 502.10 Td (e ) Tj ET Q q 0 0 0 rg BT 351.82 502.10 Td (make ) Tj ET Q q 0 0 0 rg BT 375.18 502.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 414.09 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.13 502.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 461.37 502.10 Td (full ) Tj ET Q q 0 0 0 rg BT 476.96 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.10 502.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 520.34 502.10 Td (surrenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.08 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.16 490.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 131.45 490.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 164.20 490.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 203.89 490.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 222.19 490.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 262.69 490.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 280.43 490.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 326.48 490.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.01 490.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 363.64 490.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.64 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 386.39 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.14 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.11 490.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 437.40 490.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 470.15 490.10 Td (products ) Tj ET Q q 0 0 0 rg BT 507.33 490.10 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.17 490.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 490.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 478.10 Td (which ) Tj ET Q q 0 0 0 rg BT 108.44 478.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.11 478.10 Td (within ) Tj ET Q q 0 0 0 rg BT 146.67 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.00 478.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 200.44 478.10 Td (ranges. ) Tj ET Q q 0 0 0 rg BT 232.04 478.10 Td (Management) Tj ET Q q 0 0 0 rg BT 287.02 478.10 Td (s ) Tj ET Q q 0 0 0 rg BT 293.91 478.10 Td (best ) Tj ET Q q 0 0 0 rg BT 313.02 478.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 349.34 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.67 478.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 401.43 478.10 Td (behavior ) Tj ET Q q 0 0 0 rg BT 439.41 478.10 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 491.84 478.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 518.71 478.10 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 466.10 Td (over ) Tj ET Q q 0 0 0 rg BT 100.61 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.67 466.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 139.28 466.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 169.17 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 179.34 466.10 Td (we ) Tj ET Q q 0 0 0 rg BT 192.84 466.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 223.55 466.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 242.89 466.10 Td (over ) Tj ET Q q 0 0 0 rg BT 262.50 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.56 466.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 311.73 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.90 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.96 466.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 371.41 466.10 Td (we ) Tj ET Q q 0 0 0 rg BT 384.91 466.10 Td (will ) Tj ET Q q 0 0 0 rg BT 402.31 466.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 447.45 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.51 466.10 Td (full ) Tj ET Q q 0 0 0 rg BT 477.24 466.10 Td (range ) Tj ET Q q 0 0 0 rg BT 501.29 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.46 466.10 Td (policyholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 454.10 Td (behavior ) Tj ET Q q 0 0 0 rg BT 118.39 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.22 454.10 Td (market ) Tj ET Q q 0 0 0 rg BT 165.39 454.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 211.95 454.10 Td (If ) Tj ET Q q 0 0 0 rg BT 221.01 454.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 247.28 454.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 287.44 454.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 308.72 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 323.33 454.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 375.72 454.10 Td (dif) Tj ET Q q 0 0 0 rg BT 386.64 454.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 412.36 454.10 Td (from ) Tj ET Q q 0 0 0 rg BT 434.20 454.10 Td (those ) Tj ET Q q 0 0 0 rg BT 457.71 454.10 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 497.04 454.10 Td (such ) Tj ET Q q 0 0 0 rg BT 517.77 454.10 Td (dif) Tj ET Q q 0 0 0 rg BT 528.70 454.10 Td (ferences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 442.10 Td (could ) Tj ET Q q 0 0 0 rg BT 105.72 442.10 Td (have ) Tj ET Q q 0 0 0 rg BT 127.09 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.03 442.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 178.74 442.10 Td (ef) Tj ET Q q 0 0 0 rg BT 186.33 442.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 203.82 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 216.32 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 232.15 442.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 263.51 442.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 289.34 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.28 442.10 Td (related ) Tj ET Q q 0 0 0 rg BT 335.98 442.10 Td (results ) Tj ET Q q 0 0 0 rg BT 364.59 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.42 442.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 421.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.21 421.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 175.32 421.10 Td (used ) Tj ET Q q 0 0 0 rg BT 196.31 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.75 421.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 244.40 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.28 421.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 299.16 421.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.48 421.10 Td (our ) Tj ET Q q 0 0 0 rg BT 329.47 421.10 Td (product ) Tj ET Q q 0 0 0 rg BT 362.68 421.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 408.10 421.10 Td (require ) Tj ET Q q 0 0 0 rg BT 439.07 421.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 492.27 421.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 532.70 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 421.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 409.10 Td (established ) Tj ET Q q 0 0 0 rg BT 127.19 409.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.28 409.10 Td (management) Tj ET Q q 0 0 0 rg BT 191.14 409.10 Td (s ) Tj ET Q q 0 0 0 rg BT 196.79 409.10 Td (best ) Tj ET Q q 0 0 0 rg BT 214.66 409.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 249.74 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.82 409.10 Td (future ) Tj ET Q q 0 0 0 rg BT 285.46 409.10 Td (outcomes. ) Tj ET Q q 0 0 0 rg BT 327.91 409.10 Td (W) Tj ET Q q 0 0 0 rg BT 336.55 409.10 Td (e ) Tj ET Q q 0 0 0 rg BT 342.74 409.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 392.26 409.10 Td (review ) Tj ET Q q 0 0 0 rg BT 421.22 409.10 Td (these ) Tj ET Q q 0 0 0 rg BT 443.53 409.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 494.73 409.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 513.43 409.10 Td (if ) Tj ET Q q 0 0 0 rg BT 521.29 409.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 559.51 409.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 397.10 Td (update ) Tj ET Q q 0 0 0 rg BT 109.83 397.10 Td (them ) Tj ET Q q 0 0 0 rg BT 131.99 397.10 Td (based ) Tj ET Q q 0 0 0 rg BT 156.93 397.10 Td (on ) Tj ET Q q 0 0 0 rg BT 169.10 397.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 211.26 397.10 Td (information ) Tj ET Q q 0 0 0 rg BT 260.64 397.10 Td (that ) Tj ET Q q 0 0 0 rg BT 277.81 397.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 314.96 397.10 Td (available. ) Tj ET Q q 0 0 0 rg BT 355.72 397.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 392.33 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.28 397.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.78 397.10 Td (deviations ) Tj ET Q q 0 0 0 rg BT 456.06 397.10 Td (from ) Tj ET Q q 0 0 0 rg BT 477.67 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.05 397.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 543.67 397.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 385.10 Td (can ) Tj ET Q q 0 0 0 rg BT 97.38 385.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 149.87 385.10 Td (af) Tj ET Q q 0 0 0 rg BT 157.46 385.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 174.94 385.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.77 385.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 222.14 385.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 247.96 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.90 385.10 Td (related ) Tj ET Q q 0 0 0 rg BT 294.60 385.10 Td (results ) Tj ET Q q 0 0 0 rg BT 323.21 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.04 385.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 364.10 Td (At ) Tj ET Q q 0 0 0 rg BT 117.56 364.10 Td (issue, ) Tj ET Q q 0 0 0 rg BT 142.62 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.61 364.10 Td (at ) Tj ET Q q 0 0 0 rg BT 169.39 364.10 Td (each ) Tj ET Q q 0 0 0 rg BT 190.26 364.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 237.25 364.10 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 279.52 364.10 Td (we ) Tj ET Q q 0 0 0 rg BT 293.74 364.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 336.28 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.05 364.10 Td (present ) Tj ET Q q 0 0 0 rg BT 382.49 364.10 Td (value ) Tj ET Q q 0 0 0 rg BT 406.70 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.59 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.36 364.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 451.03 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.92 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.69 364.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 523.11 364.10 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 352.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 128.20 352.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 158.18 352.10 Td (\("GMWB"\) ) Tj ET Q q 0 0 0 rg BT 207.44 352.10 Td (rider ) Tj ET Q q 0 0 0 rg BT 228.53 352.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 262.39 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.39 352.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 300.70 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.24 352.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 345.11 352.10 Td (that ) Tj ET Q q 0 0 0 rg BT 362.32 352.10 Td (are ) Tj ET Q q 0 0 0 rg BT 376.74 352.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 406.72 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 418.93 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.36 352.10 Td (account ) Tj ET Q q 0 0 0 rg BT 466.67 352.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 492.88 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 501.52 352.10 Td (e ) Tj ET Q q 0 0 0 rg BT 508.17 352.10 Td (also ) Tj ET Q q 0 0 0 rg BT 526.49 352.10 Td (calculate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.15 340.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 132.62 340.10 Td (value ) Tj ET Q q 0 0 0 rg BT 156.21 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.48 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.63 340.10 Td (future ) Tj ET Q q 0 0 0 rg BT 206.44 340.10 Td (rider ) Tj ET Q q 0 0 0 rg BT 227.26 340.10 Td (char) Tj ET Q q 0 0 0 rg BT 244.28 340.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 259.55 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 273.15 340.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 313.97 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 327.56 340.10 Td (these ) Tj ET Q q 0 0 0 rg BT 350.05 340.10 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 386.00 340.10 Td (W) Tj ET Q q 0 0 0 rg BT 394.64 340.10 Td (e ) Tj ET Q q 0 0 0 rg BT 401.01 340.10 Td (accumulate ) Tj ET Q q 0 0 0 rg BT 448.47 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 454.85 340.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 485.65 340.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 509.24 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.96 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.11 340.10 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.11 328.10 Td (these ) Tj ET Q q 0 0 0 rg BT 115.44 328.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 134.31 328.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.09 328.10 Td (would ) Tj ET Q q 0 0 0 rg BT 179.87 328.10 Td (be ) Tj ET Q q 0 0 0 rg BT 192.09 328.10 Td (required ) Tj ET Q q 0 0 0 rg BT 228.18 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.74 328.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 259.85 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.85 328.10 Td (future ) Tj ET Q q 0 0 0 rg BT 301.50 328.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 335.94 328.10 Td (less ) Tj ET Q q 0 0 0 rg BT 353.72 328.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 388.15 328.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 408.15 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.71 328.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 440.64 328.10 Td (In ) Tj ET Q q 0 0 0 rg BT 451.75 328.10 Td (making ) Tj ET Q q 0 0 0 rg BT 484.53 328.10 Td (these ) Tj ET Q q 0 0 0 rg BT 507.86 328.10 Td (projections, ) Tj ET Q q 0 0 0 rg BT 557.57 328.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 316.10 Td (number ) Tj ET Q q 0 0 0 rg BT 113.23 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.25 316.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 174.38 316.10 Td (are ) Tj ET Q q 0 0 0 rg BT 188.28 316.10 Td (made ) Tj ET Q q 0 0 0 rg BT 211.62 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.74 316.10 Td (we ) Tj ET Q q 0 0 0 rg BT 241.09 316.10 Td (update ) Tj ET Q q 0 0 0 rg BT 269.43 316.10 Td (these ) Tj ET Q q 0 0 0 rg BT 291.66 316.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 342.80 316.10 Td (as ) Tj ET Q q 0 0 0 rg BT 352.81 316.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 397.80 316.10 Td (emer) Tj ET Q q 0 0 0 rg BT 417.60 316.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 432.62 316.10 Td (when ) Tj ET Q q 0 0 0 rg BT 455.97 316.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 493.35 316.10 Td (W) Tj ET Q q 0 0 0 rg BT 501.98 316.10 Td (e ) Tj ET Q q 0 0 0 rg BT 508.11 316.10 Td (have ) Tj ET Q q 0 0 0 rg BT 528.67 316.10 Td (minimal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 304.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 126.71 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.91 304.10 Td (date ) Tj ET Q q 0 0 0 rg BT 155.98 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 168.39 304.10 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 221.34 304.10 Td (behavior ) Tj ET Q q 0 0 0 rg BT 258.74 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 272.82 304.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.56 304.10 Td (GMWB ) Tj ET Q q 0 0 0 rg BT 323.20 304.10 Td (products ) Tj ET Q q 0 0 0 rg BT 360.05 304.10 Td (which ) Tj ET Q q 0 0 0 rg BT 386.90 304.10 Td (we ) Tj ET Q q 0 0 0 rg BT 400.97 304.10 Td (began ) Tj ET Q q 0 0 0 rg BT 427.26 304.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 458.02 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.21 304.10 Td (2008; ) Tj ET Q q 0 0 0 rg BT 493.40 304.10 Td (as ) Tj ET Q q 0 0 0 rg BT 504.15 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 511.00 304.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 538.13 304.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 292.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 127.04 292.10 Td (could ) Tj ET Q q 0 0 0 rg BT 151.99 292.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 171.38 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.90 292.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 226.85 292.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 261.79 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.31 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.37 292.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 343.06 292.10 Td (If ) Tj ET Q q 0 0 0 rg BT 352.46 292.10 Td (emer) Tj ET Q q 0 0 0 rg BT 372.26 292.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 392.77 292.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 438.81 292.10 Td (deviates ) Tj ET Q q 0 0 0 rg BT 474.31 292.10 Td (from ) Tj ET Q q 0 0 0 rg BT 496.49 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 512.56 292.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 280.10 Td (on ) Tj ET Q q 0 0 0 rg BT 92.46 280.10 Td (GMWB ) Tj ET Q q 0 0 0 rg BT 126.15 280.10 Td (utilizations, ) Tj ET Q q 0 0 0 rg BT 174.55 280.10 Td (such ) Tj ET Q q 0 0 0 rg BT 194.35 280.10 Td (deviations ) Tj ET Q q 0 0 0 rg BT 236.91 280.10 Td (could ) Tj ET Q q 0 0 0 rg BT 260.59 280.10 Td (have ) Tj ET Q q 0 0 0 rg BT 280.93 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 286.84 280.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 330.51 280.10 Td (ef) Tj ET Q q 0 0 0 rg BT 338.10 280.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 354.55 280.10 Td (on ) Tj ET Q q 0 0 0 rg BT 366.01 280.10 Td (our ) Tj ET Q q 0 0 0 rg BT 380.81 280.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 411.14 280.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 435.93 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.83 280.10 Td (related ) Tj ET Q q 0 0 0 rg BT 480.50 280.10 Td (results ) Tj ET Q q 0 0 0 rg BT 508.07 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.86 280.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 259.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.28 259.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 164.86 259.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 200.34 259.10 Td (for ) Tj ET Q q 0 0 0 rg BT 214.73 259.10 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 275.20 259.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 302.65 259.10 Td (future ) Tj ET Q q 0 0 0 rg BT 329.25 259.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 356.96 259.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 391.34 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.51 259.10 Td (product ) Tj ET Q q 0 0 0 rg BT 441.78 259.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 487.25 259.10 Td (on ) Tj ET Q q 0 0 0 rg BT 499.98 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.14 259.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 532.63 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 259.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 247.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 103.50 247.10 Td (as ) Tj ET Q q 0 0 0 rg BT 114.33 247.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.16 247.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 185.42 247.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.42 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.92 247.10 Td (are ) Tj ET Q q 0 0 0 rg BT 222.63 247.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 274.00 247.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.83 247.10 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 194.60 325.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 194.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 194.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 194.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 194.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 194.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 194.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 166.60 325.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 166.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 166.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 166.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 166.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 166.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 166.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 138.60 325.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 138.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 138.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 138.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 138.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 138.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 138.60 48.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 208.60000000000002 m 456.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 208.60000000000002 m 509.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 208.60000000000002 m 561.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 124.60000000000002 m 456.5 124.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 110.60000000000002 m 456.5 110.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 124.60000000000002 m 509.5 124.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 110.60000000000002 m 509.5 110.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 124.60000000000002 m 561.5 124.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 110.60000000000002 m 561.5 110.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 212.83 Td (\(dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.90 212.83 Td (Direct) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.15 220.83 Td (Reinsurance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.35 212.83 Td (Recoverable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.00 212.83 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 184.85 Td (Fixed indexed annuities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.00 184.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.25 184.85 Td (13,148) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.00 184.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.60 184.85 Td (\(650) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 184.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.00 184.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.25 184.85 Td (12,498) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 170.85 Td (Fixed rate annuities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.25 170.85 Td (3,566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.60 170.85 Td (\(330) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 170.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.25 170.85 Td (3,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 156.85 Td (Immediate annuities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.25 156.85 Td (2,917) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.60 156.85 Td (\(337) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 156.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.25 156.85 Td (2,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 142.85 Td (Universal life) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.25 142.85 Td (1,399) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 142.85 Td (\(1,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 142.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 142.85 Td (338) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 128.85 Td (Traditional life) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.25 128.85 Td (1,688) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 128.85 Td (\(1,086) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 128.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 128.85 Td (602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 114.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.00 114.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.25 114.85 Td (22,718) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.00 114.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 114.85 Td (\(3,464) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 114.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.00 114.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.25 114.85 Td (19,254) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 93.10 Td (See "Note 2. Significant ) Tj ET Q q 0 0 0 rg BT 203.79 93.10 Td (Account Policies and Practices" to our audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.99 93.10 Td (Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.85 93.10 Td ( for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 81.10 Td (more complete discussion. ) Tj ET Q endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 742.25 Td (Deferred Income T) Tj ET Q q 0 0 0 rg BT 170.95 742.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 183.08 742.25 Td (Assets and Related V) Tj ET Q q 0 0 0 rg BT 268.37 742.25 Td (aluation ) Tj ET Q q 0 0 0 rg BT 304.95 742.25 Td (Allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 721.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 155.09 721.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 197.96 721.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 251.39 721.25 Td (section ) Tj ET Q q 0 0 0 rg BT 283.15 721.25 Td (740, ) Tj ET Q q 0 0 0 rg BT 304.08 721.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 337.25 721.25 Td (T) Tj ET Q q 0 0 0 rg BT 342.66 721.25 Td (axes ) Tj ET Q q 0 0 0 rg BT 363.86 721.25 Td (\(ASC ) Tj ET Q q 0 0 0 rg BT 390.08 721.25 Td (740\), ) Tj ET Q q 0 0 0 rg BT 414.34 721.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 452.22 721.25 Td (that ) Tj ET Q q 0 0 0 rg BT 470.65 721.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 507.39 721.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 523.04 721.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 549.80 721.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 709.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 127.40 709.25 Td (for ) Tj ET Q q 0 0 0 rg BT 141.60 709.25 Td (deductible ) Tj ET Q q 0 0 0 rg BT 185.79 709.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 229.43 709.25 Td (dif) Tj ET Q q 0 0 0 rg BT 240.36 709.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 276.20 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.18 709.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 333.49 709.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 351.59 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.57 709.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 383.32 709.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 408.63 709.25 Td (carry-forwards. ) Tj ET Q q 0 0 0 rg BT 472.52 709.25 Td (A) Tj ET Q q 0 0 0 rg BT 479.19 709.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.73 709.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 521.48 709.25 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 697.25 Td (is ) Tj ET Q q 0 0 0 rg BT 90.72 697.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 128.74 697.25 Td (if, ) Tj ET Q q 0 0 0 rg BT 140.39 697.25 Td (based ) Tj ET Q q 0 0 0 rg BT 166.21 697.25 Td (on ) Tj ET Q q 0 0 0 rg BT 179.25 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.51 697.25 Td (weight ) Tj ET Q q 0 0 0 rg BT 224.78 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.15 697.25 Td (available ) Tj ET Q q 0 0 0 rg BT 275.29 697.25 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 316.37 697.25 Td (it ) Tj ET Q q 0 0 0 rg BT 324.97 697.25 Td (is ) Tj ET Q q 0 0 0 rg BT 334.68 697.25 Td (more ) Tj ET Q q 0 0 0 rg BT 358.28 697.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 384.10 697.25 Td (than ) Tj ET Q q 0 0 0 rg BT 404.36 697.25 Td (not ) Tj ET Q q 0 0 0 rg BT 420.18 697.25 Td (that ) Tj ET Q q 0 0 0 rg BT 438.22 697.25 Td (a ) Tj ET Q q 0 0 0 rg BT 445.71 697.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 477.64 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.02 697.25 Td (or ) Tj ET Q q 0 0 0 rg BT 500.39 697.25 Td (all ) Tj ET Q q 0 0 0 rg BT 513.43 697.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 549.79 697.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 685.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 106.03 685.25 Td (are ) Tj ET Q q 0 0 0 rg BT 119.94 685.25 Td (not ) Tj ET Q q 0 0 0 rg BT 134.42 685.25 Td (more-likely-than-not ) Tj ET Q q 0 0 0 rg BT 219.42 685.25 Td (realizable. ) Tj ET Q q 0 0 0 rg BT 262.11 685.25 Td (Assessing ) Tj ET Q q 0 0 0 rg BT 303.81 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.73 685.25 Td (need ) Tj ET Q q 0 0 0 rg BT 338.31 685.25 Td (for) Tj ET Q q 0 0 0 rg BT 349.57 685.25 Td (, ) Tj ET Q q 0 0 0 rg BT 353.77 685.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.91 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.82 685.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 415.52 685.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 428.05 685.25 Td (a ) Tj ET Q q 0 0 0 rg BT 434.19 685.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 473.10 685.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 515.34 685.25 Td (for ) Tj ET Q q 0 0 0 rg BT 528.70 685.25 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 673.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.57 673.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 121.26 673.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 155.82 673.25 Td (management) Tj ET Q q 0 0 0 rg BT 209.69 673.25 Td (s ) Tj ET Q q 0 0 0 rg BT 215.94 673.25 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 258.57 673.25 Td (considering ) Tj ET Q q 0 0 0 rg BT 307.58 673.25 Td (all ) Tj ET Q q 0 0 0 rg BT 319.93 673.25 Td (available ) Tj ET Q q 0 0 0 rg BT 358.37 673.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 392.39 673.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.19 673.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 445.42 673.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 483.30 673.25 Td (as ) Tj ET Q q 0 0 0 rg BT 493.99 673.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.13 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.70 673.25 Td (relizability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 661.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 127.64 661.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 142.35 661.25 Td (assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 640.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 134.48 640.25 Td (realization ) Tj ET Q q 0 0 0 rg BT 180.06 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.77 640.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 228.45 640.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 244.04 640.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 270.75 640.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 314.67 640.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 350.82 640.25 Td (on ) Tj ET Q q 0 0 0 rg BT 364.19 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.79 640.25 Td (existence ) Tj ET Q q 0 0 0 rg BT 420.36 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.07 640.25 Td (suf) Tj ET Q q 0 0 0 rg BT 444.11 640.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 473.03 640.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 505.28 640.25 Td (income ) Tj ET Q q 0 0 0 rg BT 538.09 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 640.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 628.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 128.83 628.25 Td (character ) Tj ET Q q 0 0 0 rg BT 167.77 628.25 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 188.11 628.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 224.29 628.25 Td (income ) Tj ET Q q 0 0 0 rg BT 256.03 628.25 Td (or ) Tj ET Q q 0 0 0 rg BT 266.66 628.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 295.61 628.25 Td (gain\) ) Tj ET Q q 0 0 0 rg BT 318.46 628.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.54 628.25 Td (either ) Tj ET Q q 0 0 0 rg BT 353.60 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.12 628.25 Td (carryback ) Tj ET Q q 0 0 0 rg BT 409.84 628.25 Td (or ) Tj ET Q q 0 0 0 rg BT 420.47 628.25 Td (carry-forward ) Tj ET Q q 0 0 0 rg BT 478.29 628.25 Td (period ) Tj ET Q q 0 0 0 rg BT 506.13 628.25 Td (under ) Tj ET Q q 0 0 0 rg BT 531.20 628.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 545.72 628.25 Td (law) Tj ET Q q 0 0 0 rg BT 559.51 628.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 616.25 Td (The ) Tj ET Q q 0 0 0 rg BT 98.87 616.25 Td (four ) Tj ET Q q 0 0 0 rg BT 117.85 616.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 150.16 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.80 616.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 192.00 616.25 Td (income ) Tj ET Q q 0 0 0 rg BT 223.75 616.25 Td (that ) Tj ET Q q 0 0 0 rg BT 241.06 616.25 Td (may ) Tj ET Q q 0 0 0 rg BT 260.60 616.25 Td (be ) Tj ET Q q 0 0 0 rg BT 272.36 616.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 317.99 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.09 616.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 378.73 616.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 413.26 616.25 Td (a ) Tj ET Q q 0 0 0 rg BT 420.01 616.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 459.54 616.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 502.40 616.25 Td (is ) Tj ET Q q 0 0 0 rg BT 511.39 616.25 Td (required ) Tj ET Q q 0 0 0 rg BT 547.02 616.25 Td (are: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 599.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 599.75 Td (Future ) Tj ET Q q 0 0 0 rg BT 170.75 599.75 Td (reversals ) Tj ET Q q 0 0 0 rg BT 208.92 599.75 Td (of ) Tj ET Q q 0 0 0 rg BT 219.89 599.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 254.19 599.75 Td (taxable ) Tj ET Q q 0 0 0 rg BT 285.70 599.75 Td (temporary ) Tj ET Q q 0 0 0 rg BT 329.43 599.75 Td (dif) Tj ET Q q 0 0 0 rg BT 340.35 599.75 Td (ferences ) Tj ET Q q 0 0 0 rg BT 376.30 599.75 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 396.98 599.75 Td (of) Tj ET Q q 0 0 0 rg BT 405.13 599.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 422.21 599.75 Td (of ) Tj ET Q q 0 0 0 rg BT 433.17 599.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 456.92 599.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 492.86 599.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 507.72 599.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 533.68 599.75 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 587.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 165.61 587.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 201.42 587.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 216.14 587.75 Td (liabilities\); ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 571.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 571.25 Td (T) Tj ET Q q 0 0 0 rg BT 147.41 571.25 Td (axable ) Tj ET Q q 0 0 0 rg BT 176.00 571.25 Td (income ) Tj ET Q q 0 0 0 rg BT 207.94 571.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.22 571.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 240.15 571.25 Td (carryback ) Tj ET Q q 0 0 0 rg BT 282.07 571.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 308.17 571.25 Td (if ) Tj ET Q q 0 0 0 rg BT 316.78 571.25 Td (carryback ) Tj ET Q q 0 0 0 rg BT 358.69 571.25 Td (is ) Tj ET Q q 0 0 0 rg BT 367.86 571.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 408.68 571.25 Td (under ) Tj ET Q q 0 0 0 rg BT 433.95 571.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 448.67 571.25 Td (law; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 554.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 554.75 Td (T) Tj ET Q q 0 0 0 rg BT 147.41 554.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 159.35 554.75 Td (planning ) Tj ET Q q 0 0 0 rg BT 196.84 554.75 Td (strategies; ) Tj ET Q q 0 0 0 rg BT 239.89 554.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 538.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 538.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 170.61 538.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 201.98 538.25 Td (income ) Tj ET Q q 0 0 0 rg BT 233.91 538.25 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 274.18 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.01 538.25 Td (reversing ) Tj ET Q q 0 0 0 rg BT 324.71 538.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 368.31 538.25 Td (dif) Tj ET Q q 0 0 0 rg BT 379.24 538.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 415.04 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.98 538.25 Td (carry-forwards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 517.25 Td (At ) Tj ET Q q 0 0 0 rg BT 119.62 517.25 Td (each ) Tj ET Q q 0 0 0 rg BT 142.55 517.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 183.82 517.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 207.60 517.25 Td (management ) Tj ET Q q 0 0 0 rg BT 263.30 517.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 305.69 517.25 Td (new ) Tj ET Q q 0 0 0 rg BT 326.97 517.25 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 369.62 517.25 Td (both ) Tj ET Q q 0 0 0 rg BT 392.01 517.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 428.30 517.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.35 517.25 Td (negative, ) Tj ET Q q 0 0 0 rg BT 488.34 517.25 Td (that ) Tj ET Q q 0 0 0 rg BT 507.95 517.25 Td (could ) Tj ET Q q 0 0 0 rg BT 534.79 517.25 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 505.25 Td (management) Tj ET Q q 0 0 0 rg BT 134.87 505.25 Td (s ) Tj ET Q q 0 0 0 rg BT 141.54 505.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 182.10 505.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 223.20 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.21 505.25 Td (future ) Tj ET Q q 0 0 0 rg BT 264.87 505.25 Td (realization ) Tj ET Q q 0 0 0 rg BT 309.85 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.97 505.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 357.06 505.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 372.06 505.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 400.06 505.25 Td (As ) Tj ET Q q 0 0 0 rg BT 413.96 505.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.08 505.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 485.63 505.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.63 505.25 Td (, ) Tj ET Q q 0 0 0 rg BT 510.91 505.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 493.25 Td (gathered ) Tj ET Q q 0 0 0 rg BT 117.92 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.64 493.25 Td (following ) Tj ET Q q 0 0 0 rg BT 174.03 493.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 208.19 493.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.13 493.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 261.50 493.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 299.54 493.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 346.46 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.18 493.25 Td (future ) Tj ET Q q 0 0 0 rg BT 387.55 493.25 Td (realization ) Tj ET Q q 0 0 0 rg BT 432.25 493.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.08 493.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 478.89 493.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 493.60 493.25 Td (assets: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 472.25 Td (Positive ) Tj ET Q q 0 0 0 rg BT 139.73 472.25 Td (Evidence: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 455.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 455.75 Td (As ) Tj ET Q q 0 0 0 rg BT 156.26 455.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.75 455.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 228.66 455.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.66 455.75 Td (, ) Tj ET Q q 0 0 0 rg BT 254.31 455.75 Td (we ) Tj ET Q q 0 0 0 rg BT 269.12 455.75 Td (were ) Tj ET Q q 0 0 0 rg BT 291.70 455.75 Td (in ) Tj ET Q q 0 0 0 rg BT 302.63 455.75 Td (a ) Tj ET Q q 0 0 0 rg BT 310.22 455.75 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 357.80 455.75 Td (income ) Tj ET Q q 0 0 0 rg BT 390.38 455.75 Td (position ) Tj ET Q q 0 0 0 rg BT 425.76 455.75 Td (based ) Tj ET Q q 0 0 0 rg BT 451.68 455.75 Td (on ) Tj ET Q q 0 0 0 rg BT 464.83 455.75 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 496.30 455.75 Td (income ) Tj ET Q q 0 0 0 rg BT 528.88 455.75 Td (over ) Tj ET Q q 0 0 0 rg BT 549.80 455.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 443.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 163.94 443.75 Td (12 ) Tj ET Q q 0 0 0 rg BT 176.44 443.75 Td (quarters; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 427.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 427.25 Td (W) Tj ET Q q 0 0 0 rg BT 150.64 427.25 Td (e ) Tj ET Q q 0 0 0 rg BT 157.58 427.25 Td (are ) Tj ET Q q 0 0 0 rg BT 172.28 427.25 Td (projecting ) Tj ET Q q 0 0 0 rg BT 215.33 427.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 260.04 427.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 290.85 427.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 317.71 427.25 Td ( ) Tj ET Q q 0 0 0 rg BT 320.21 427.25 Td (income ) Tj ET Q q 0 0 0 rg BT 352.14 427.25 Td (from ) Tj ET Q q 0 0 0 rg BT 374.08 427.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 419.35 427.25 Td (operations; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 410.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 410.75 Td (W) Tj ET Q q 0 0 0 rg BT 150.64 410.75 Td (e ) Tj ET Q q 0 0 0 rg BT 158.23 410.75 Td (have ) Tj ET Q q 0 0 0 rg BT 180.25 410.75 Td (projected ) Tj ET Q q 0 0 0 rg BT 220.61 410.75 Td (that ) Tj ET Q q 0 0 0 rg BT 238.75 410.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.12 410.75 Td (reversal ) Tj ET Q q 0 0 0 rg BT 288.92 410.75 Td (of ) Tj ET Q q 0 0 0 rg BT 300.40 410.75 Td (taxable ) Tj ET Q q 0 0 0 rg BT 332.42 410.75 Td (temporary ) Tj ET Q q 0 0 0 rg BT 376.67 410.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 405.93 410.75 Td (dif) Tj ET Q q 0 0 0 rg BT 416.86 410.75 Td (ferences ) Tj ET Q q 0 0 0 rg BT 453.31 410.75 Td (will ) Tj ET Q q 0 0 0 rg BT 472.02 410.75 Td (unwind ) Tj ET Q q 0 0 0 rg BT 505.17 410.75 Td (in ) Tj ET Q q 0 0 0 rg BT 516.10 410.75 Td (the ) Tj ET Q q 0 0 0 rg BT 531.47 410.75 Td (20-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 398.75 Td (projection ) Tj ET Q q 0 0 0 rg BT 185.04 398.75 Td (period; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 382.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 382.25 Td (W) Tj ET Q q 0 0 0 rg BT 150.64 382.25 Td (e ) Tj ET Q q 0 0 0 rg BT 157.58 382.25 Td (have ) Tj ET Q q 0 0 0 rg BT 178.95 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 185.89 382.25 Td (history ) Tj ET Q q 0 0 0 rg BT 216.17 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.00 382.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 262.83 382.25 Td (all ) Tj ET Q q 0 0 0 rg BT 275.33 382.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 320.04 382.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 334.75 382.25 Td (attributes ) Tj ET Q q 0 0 0 rg BT 374.47 382.25 Td (before ) Tj ET Q q 0 0 0 rg BT 402.50 382.25 Td (they ) Tj ET Q q 0 0 0 rg BT 422.22 382.25 Td (expire; ) Tj ET Q q 0 0 0 rg BT 452.48 382.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 365.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 365.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 160.49 365.75 Td (inventory ) Tj ET Q q 0 0 0 rg BT 201.74 365.75 Td (of ) Tj ET Q q 0 0 0 rg BT 213.01 365.75 Td (IRC ) Tj ET Q q 0 0 0 rg BT 232.61 365.75 Td (Section ) Tj ET Q q 0 0 0 rg BT 265.54 365.75 Td (382 ) Tj ET Q q 0 0 0 rg BT 283.47 365.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 314.74 365.75 Td (attributes ) Tj ET Q q 0 0 0 rg BT 354.88 365.75 Td (has ) Tj ET Q q 0 0 0 rg BT 371.15 365.75 Td (been ) Tj ET Q q 0 0 0 rg BT 392.96 365.75 Td (significantly ) Tj ET Q q 0 0 0 rg BT 445.88 365.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 480.46 365.75 Td (over ) Tj ET Q q 0 0 0 rg BT 501.16 365.75 Td (the ) Tj ET Q q 0 0 0 rg BT 516.31 365.75 Td (past ) Tj ET Q q 0 0 0 rg BT 535.35 365.75 Td (couple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 353.75 Td (years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 332.75 Td (Negative ) Tj ET Q q 0 0 0 rg BT 142.09 332.75 Td (Evidence: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 316.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 316.25 Td ( ) Tj ET Q q 0 0 0 rg BT 144.50 316.25 Td (382 ) Tj ET Q q 0 0 0 rg BT 167.00 316.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 197.83 316.25 Td (carry-forwards ) Tj ET Q q 0 0 0 rg BT 259.74 316.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 288.88 316.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.71 316.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 332.77 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.04 316.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 370.54 316.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 385.25 316.25 Td (attributes ) Tj ET Q q 0 0 0 rg BT 424.96 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 435.24 316.25 Td (future ) Tj ET Q q 0 0 0 rg BT 461.62 316.25 Td (years; ) Tj ET Q q 0 0 0 rg BT 488.00 316.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.00 299.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 299.75 Td ( ) Tj ET Q q 0 0 0 rg BT 144.50 299.75 Td (Brief ) Tj ET Q q 0 0 0 rg BT 167.55 299.75 Td (carryback/carry-forward ) Tj ET Q q 0 0 0 rg BT 267.76 299.75 Td (period ) Tj ET Q q 0 0 0 rg BT 295.80 299.75 Td (for ) Tj ET Q q 0 0 0 rg BT 309.96 299.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 339.11 299.75 Td (losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 275.75 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 275.75 Td (Based ) Tj ET Q q 0 0 0 rg BT 144.09 275.75 Td (on ) Tj ET Q q 0 0 0 rg BT 156.74 275.75 Td (management) Tj ET Q q 0 0 0 rg BT 210.61 275.75 Td (s ) Tj ET Q q 0 0 0 rg BT 217.15 275.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 261.45 275.75 Td (of ) Tj ET Q q 0 0 0 rg BT 272.43 275.75 Td (the ) Tj ET Q q 0 0 0 rg BT 287.30 275.75 Td (above ) Tj ET Q q 0 0 0 rg BT 313.82 275.75 Td (positive ) Tj ET Q q 0 0 0 rg BT 348.14 275.75 Td (and ) Tj ET Q q 0 0 0 rg BT 365.23 275.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 401.75 275.75 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 442.43 275.75 Td (management ) Tj ET Q q 0 0 0 rg BT 496.17 275.75 Td (concluded ) Tj ET Q q 0 0 0 rg BT 539.92 275.75 Td (that ) Tj ET Q q 0 0 0 rg BT 557.56 275.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 263.75 Td (valuation ) Tj ET Q q 0 0 0 rg BT 120.77 263.75 Td (allowance ) Tj ET Q q 0 0 0 rg BT 163.86 263.75 Td (continued ) Tj ET Q q 0 0 0 rg BT 205.85 263.75 Td (to ) Tj ET Q q 0 0 0 rg BT 216.19 263.75 Td (be ) Tj ET Q q 0 0 0 rg BT 228.19 263.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 269.61 263.75 Td (for ) Tj ET Q q 0 0 0 rg BT 283.83 263.75 Td (some ) Tj ET Q q 0 0 0 rg BT 307.50 263.75 Td (of ) Tj ET Q q 0 0 0 rg BT 318.39 263.75 Td (the ) Tj ET Q q 0 0 0 rg BT 333.16 263.75 Td (Company) Tj ET Q q 0 0 0 rg BT 374.83 263.75 Td (s ) Tj ET Q q 0 0 0 rg BT 381.28 263.75 Td (DT) Tj ET Q q 0 0 0 rg BT 393.81 263.75 Td (As ) Tj ET Q q 0 0 0 rg BT 407.48 263.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.25 263.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 477.58 263.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.58 263.75 Td (. ) Tj ET Q q 0 0 0 rg BT 502.64 263.75 Td ( ) Tj ET Q q 0 0 0 rg BT 505.01 263.75 Td (The ) Tj ET Q q 0 0 0 rg BT 523.11 263.75 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 251.75 Td (maintains ) Tj ET Q q 0 0 0 rg BT 123.26 251.75 Td (a ) Tj ET Q q 0 0 0 rg BT 131.09 251.75 Td (full ) Tj ET Q q 0 0 0 rg BT 148.36 251.75 Td (valuation ) Tj ET Q q 0 0 0 rg BT 188.95 251.75 Td (allowance ) Tj ET Q q 0 0 0 rg BT 232.87 251.75 Td (for ) Tj ET Q q 0 0 0 rg BT 247.91 251.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.51 251.75 Td (DT) Tj ET Q q 0 0 0 rg BT 276.04 251.75 Td (As ) Tj ET Q q 0 0 0 rg BT 290.53 251.75 Td (of ) Tj ET Q q 0 0 0 rg BT 302.25 251.75 Td (the ) Tj ET Q q 0 0 0 rg BT 317.85 251.75 Td (non-life ) Tj ET Q q 0 0 0 rg BT 352.88 251.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 394.58 251.75 Td (companies. ) Tj ET Q q 0 0 0 rg BT 445.73 251.75 Td (It ) Tj ET Q q 0 0 0 rg BT 455.22 251.75 Td (also ) Tj ET Q q 0 0 0 rg BT 474.71 251.75 Td (maintains ) Tj ET Q q 0 0 0 rg BT 516.98 251.75 Td (a ) Tj ET Q q 0 0 0 rg BT 524.80 251.75 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 239.75 Td (allowance ) Tj ET Q q 0 0 0 rg BT 124.43 239.75 Td (against ) Tj ET Q q 0 0 0 rg BT 155.65 239.75 Td (all ) Tj ET Q q 0 0 0 rg BT 168.54 239.75 Td (of ) Tj ET Q q 0 0 0 rg BT 179.76 239.75 Td (the ) Tj ET Q q 0 0 0 rg BT 194.88 239.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 224.42 239.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 251.21 239.75 Td (of ) Tj ET Q q 0 0 0 rg BT 262.44 239.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.55 239.75 Td (life ) Tj ET Q q 0 0 0 rg BT 293.77 239.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 334.98 239.75 Td (companies. ) Tj ET Q q 0 0 0 rg BT 385.64 239.75 Td (During ) Tj ET Q q 0 0 0 rg BT 416.86 239.75 Td (the ) Tj ET Q q 0 0 0 rg BT 431.98 239.75 Td (year ) Tj ET Q q 0 0 0 rg BT 452.08 239.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 239.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 539.51 239.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 239.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 227.75 Td (the ) Tj ET Q q 0 0 0 rg BT 95.69 227.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.05 227.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 174.51 227.75 Td (a ) Tj ET Q q 0 0 0 rg BT 181.42 227.75 Td (release ) Tj ET Q q 0 0 0 rg BT 211.65 227.75 Td (of ) Tj ET Q q 0 0 0 rg BT 222.46 227.75 Td (part ) Tj ET Q q 0 0 0 rg BT 240.48 227.75 Td (of ) Tj ET Q q 0 0 0 rg BT 251.28 227.75 Td (the ) Tj ET Q q 0 0 0 rg BT 265.98 227.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 295.10 227.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 313.14 227.75 Td (valuation ) Tj ET Q q 0 0 0 rg BT 352.83 227.75 Td (allowance ) Tj ET Q q 0 0 0 rg BT 395.83 227.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.64 227.75 Td ($74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.64 227.75 Td ( ) Tj ET Q q 0 0 0 rg BT 424.12 227.75 Td (because ) Tj ET Q q 0 0 0 rg BT 458.24 227.75 Td (some ) Tj ET Q q 0 0 0 rg BT 481.82 227.75 Td (of ) Tj ET Q q 0 0 0 rg BT 492.63 227.75 Td (those ) Tj ET Q q 0 0 0 rg BT 516.21 227.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 542.58 227.75 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 215.75 Td (utilized ) Tj ET Q q 0 0 0 rg BT 113.88 215.75 Td (under ) Tj ET Q q 0 0 0 rg BT 139.54 215.75 Td (the ) Tj ET Q q 0 0 0 rg BT 154.64 215.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 184.19 215.75 Td (382 ) Tj ET Q q 0 0 0 rg BT 207.08 215.75 Td (limit. ) Tj ET Q q 0 0 0 rg BT 231.36 215.75 Td (It ) Tj ET Q q 0 0 0 rg BT 240.36 215.75 Td (also ) Tj ET Q q 0 0 0 rg BT 259.36 215.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 297.22 215.75 Td (net ) Tj ET Q q 0 0 0 rg BT 312.33 215.75 Td (increases ) Tj ET Q q 0 0 0 rg BT 351.86 215.75 Td (to ) Tj ET Q q 0 0 0 rg BT 362.53 215.75 Td (the ) Tj ET Q q 0 0 0 rg BT 377.64 215.75 Td (valuation ) Tj ET Q q 0 0 0 rg BT 417.74 215.75 Td (allowance ) Tj ET Q q 0 0 0 rg BT 461.16 215.75 Td (on ) Tj ET Q q 0 0 0 rg BT 474.05 215.75 Td (the ) Tj ET Q q 0 0 0 rg BT 489.16 215.75 Td (non-life ) Tj ET Q q 0 0 0 rg BT 523.70 215.75 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 203.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 126.26 203.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.09 203.75 Td ($5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.09 203.75 Td (, ) Tj ET Q q 0 0 0 rg BT 152.09 203.75 Td (for ) Tj ET Q q 0 0 0 rg BT 166.25 203.75 Td (a ) Tj ET Q q 0 0 0 rg BT 173.19 203.75 Td (net ) Tj ET Q q 0 0 0 rg BT 187.91 203.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 223.16 203.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.99 203.75 Td ($69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.99 203.75 Td ( ) Tj ET Q q 0 0 0 rg BT 251.49 203.75 Td (to ) Tj ET Q q 0 0 0 rg BT 261.77 203.75 Td (valuation ) Tj ET Q q 0 0 0 rg BT 301.48 203.75 Td (allowances ) Tj ET Q q 0 0 0 rg BT 348.41 203.75 Td (in ) Tj ET Q q 0 0 0 rg BT 358.69 203.75 Td (the ) Tj ET Q q 0 0 0 rg BT 373.40 203.75 Td (current ) Tj ET Q q 0 0 0 rg BT 404.22 203.75 Td (year) Tj ET Q q 0 0 0 rg BT 420.87 203.75 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 182.75 Td (Loss ) Tj ET Q q 0 0 0 rg BT 114.39 182.75 Td (Contingencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 166.25 Td (Loss ) Tj ET Q q 0 0 0 rg BT 126.84 166.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 184.77 166.25 Td (are ) Tj ET Q q 0 0 0 rg BT 199.93 166.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 237.85 166.25 Td (as ) Tj ET Q q 0 0 0 rg BT 249.13 166.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 289.30 166.25 Td (when ) Tj ET Q q 0 0 0 rg BT 313.91 166.25 Td (it ) Tj ET Q q 0 0 0 rg BT 322.41 166.25 Td (is ) Tj ET Q q 0 0 0 rg BT 332.03 166.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 369.97 166.25 Td (that ) Tj ET Q q 0 0 0 rg BT 387.91 166.25 Td (a ) Tj ET Q q 0 0 0 rg BT 395.30 166.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 413.81 166.25 Td (has ) Tj ET Q q 0 0 0 rg BT 430.09 166.25 Td (been ) Tj ET Q q 0 0 0 rg BT 451.91 166.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 488.18 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.57 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.73 166.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.68 166.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 154.25 Td (such ) Tj ET Q q 0 0 0 rg BT 101.15 154.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 118.54 154.25 Td (can ) Tj ET Q q 0 0 0 rg BT 134.24 154.25 Td (be ) Tj ET Q q 0 0 0 rg BT 145.50 154.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 190.64 154.25 Td (estimated. ) Tj ET Q q 0 0 0 rg BT 233.15 154.25 Td (The ) Tj ET Q q 0 0 0 rg BT 250.52 154.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 286.77 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.93 154.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 330.41 154.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 368.35 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.61 154.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 418.65 154.25 Td (or ) Tj ET Q q 0 0 0 rg BT 428.80 154.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 465.61 154.25 Td (examinations ) Tj ET Q q 0 0 0 rg BT 520.75 154.25 Td (by ) Tj ET Q q 0 0 0 rg BT 532.58 154.25 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 142.25 Td (taxing ) Tj ET Q q 0 0 0 rg BT 108.27 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 118.88 142.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 162.26 142.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 206.75 142.25 Td (are ) Tj ET Q q 0 0 0 rg BT 221.23 142.25 Td (examples ) Tj ET Q q 0 0 0 rg BT 261.28 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.89 142.25 Td (situations ) Tj ET Q q 0 0 0 rg BT 312.50 142.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 353.09 142.25 Td (as ) Tj ET Q q 0 0 0 rg BT 363.70 142.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 381.54 142.25 Td (contingencies. ) Tj ET Q q 0 0 0 rg BT 441.30 142.25 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 486.91 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.41 142.25 Td (probability ) Tj ET Q q 0 0 0 rg BT 547.57 142.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 130.25 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 125.63 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.37 130.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 162.67 130.25 Td (is ) Tj ET Q q 0 0 0 rg BT 171.76 130.25 Td (often ) Tj ET Q q 0 0 0 rg BT 194.72 130.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 238.23 130.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 260.64 130.25 Td (management) Tj ET Q q 0 0 0 rg BT 314.51 130.25 Td (s ) Tj ET Q q 0 0 0 rg BT 320.81 130.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 361.00 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.74 130.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 409.15 130.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 439.88 130.25 Td (by ) Tj ET Q q 0 0 0 rg BT 452.30 130.25 Td (third ) Tj ET Q q 0 0 0 rg BT 473.60 130.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 502.67 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.52 130.25 Td (regulators. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 109.25 Td (The ) Tj ET Q q 0 0 0 rg BT 124.22 109.25 Td (establishment ) Tj ET Q q 0 0 0 rg BT 182.87 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.87 109.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 234.65 109.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.76 109.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 297.52 109.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 333.95 109.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 369.82 109.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 415.15 109.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 463.25 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.13 109.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 515.57 109.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 553.67 109.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 97.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 115.88 97.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 144.65 97.25 Td (against ) Tj ET Q q 0 0 0 rg BT 175.64 97.25 Td (us ) Tj ET Q q 0 0 0 rg BT 187.20 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.31 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 220.30 97.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 272.68 97.25 Td (In ) Tj ET Q q 0 0 0 rg BT 283.68 97.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 321.34 97.25 Td (their ) Tj ET Q q 0 0 0 rg BT 342.33 97.25 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 385.27 97.25 Td (management ) Tj ET Q q 0 0 0 rg BT 439.03 97.25 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 470.58 97.25 Td (opinions ) Tj ET Q q 0 0 0 rg BT 507.69 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.79 97.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 85.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 118.79 85.25 Td (from ) Tj ET Q q 0 0 0 rg BT 141.59 85.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 173.83 85.25 Td (counsel ) Tj ET Q q 0 0 0 rg BT 207.73 85.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.87 85.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 244.44 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.02 85.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 308.91 85.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 356.13 85.25 Td (for ) Tj ET Q q 0 0 0 rg BT 371.15 85.25 Td (contingencies. ) Tj ET Q q 0 0 0 rg BT 431.25 85.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 480.58 85.25 Td (, ) Tj ET Q q 0 0 0 rg BT 486.44 85.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 528.12 85.25 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 73.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 114.08 73.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.39 73.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 154.13 73.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 182.76 73.25 Td (have ) Tj ET Q q 0 0 0 rg BT 204.17 73.25 Td (met ) Tj ET Q q 0 0 0 rg BT 221.70 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.45 73.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 267.30 73.25 Td (for ) Tj ET Q q 0 0 0 rg BT 281.49 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.24 73.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 344.32 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.18 73.25 Td (a ) Tj ET Q q 0 0 0 rg BT 362.16 73.25 Td (liability) Tj ET Q q 0 0 0 rg BT 392.62 73.25 Td (. ) Tj ET Q q 0 0 0 rg BT 397.65 73.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 422.95 73.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 451.59 73.25 Td (for ) Tj ET Q q 0 0 0 rg BT 465.79 73.25 Td (which ) Tj ET Q q 0 0 0 rg BT 492.76 73.25 Td (a ) Tj ET Q q 0 0 0 rg BT 499.73 73.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 533.37 73.25 Td (has ) Tj ET Q q 0 0 0 rg BT 549.24 73.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 61.25 Td (been ) Tj ET Q q 0 0 0 rg BT 102.51 61.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 149.01 61.25 Td (are ) Tj ET Q q 0 0 0 rg BT 163.86 61.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 203.14 61.25 Td (on ) Tj ET Q q 0 0 0 rg BT 215.78 61.25 Td (an ) Tj ET Q q 0 0 0 rg BT 227.85 61.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 263.27 61.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 285.90 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 296.32 61.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 343.92 61.25 Td (with ) Tj ET Q q 0 0 0 rg BT 364.33 61.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 410.84 61.25 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 451.49 61.25 Td (A) Tj ET Q q 0 0 0 rg BT 458.16 61.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.79 61.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 494.54 61.25 Td (is ) Tj ET Q q 0 0 0 rg BT 503.85 61.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 550.34 61.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 49.25 Td (all ) Tj ET Q q 0 0 0 rg BT 93.97 49.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 138.03 49.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 160.44 49.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 183.41 49.25 Td (as ) Tj ET Q q 0 0 0 rg BT 194.71 49.25 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 233.50 49.25 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 277.01 49.25 Td (for ) Tj ET Q q 0 0 0 rg BT 291.64 49.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 330.72 49.25 Td (settlements, ) Tj ET Q q 0 0 0 rg BT 381.19 49.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 425.25 49.25 Td (matters, ) Tj ET Q q 0 0 0 rg BT 460.16 49.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 482.56 49.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 501.63 49.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.04 49.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.22 49.25 Td (in ) Tj ET Q endstream endobj 125 0 obj <>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (these ) Tj ET Q q 0 0 0 rg BT 103.53 742.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 143.84 742.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 179.71 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 193.91 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 208.67 742.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 246.19 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.95 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 276.82 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 283.24 742.10 Td (material ) Tj ET Q q 0 0 0 rg BT 317.99 742.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 350.51 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 358.10 742.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 375.07 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 387.06 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.37 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 439.34 742.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 476.05 742.10 Td (although ) Tj ET Q q 0 0 0 rg BT 513.03 742.10 Td (it ) Tj ET Q q 0 0 0 rg BT 520.58 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 529.23 742.10 Td (possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 98.50 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.21 730.10 Td (results ) Tj ET Q q 0 0 0 rg BT 141.82 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.65 730.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 196.81 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.74 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 234.01 730.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 258.73 730.10 Td (could ) Tj ET Q q 0 0 0 rg BT 283.45 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 295.39 730.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 338.43 730.10 Td (af) Tj ET Q q 0 0 0 rg BT 346.01 730.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 372.94 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 385.44 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 397.38 730.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 447.63 730.10 Td (outcome. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 709.10 Td (If ) Tj ET Q q 0 0 0 rg BT 114.12 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.79 709.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 155.12 709.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 173.69 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.48 709.10 Td (settling ) Tj ET Q q 0 0 0 rg BT 216.38 709.10 Td (these ) Tj ET Q q 0 0 0 rg BT 239.38 709.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 273.77 709.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 308.44 709.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 345.89 709.10 Td (from ) Tj ET Q q 0 0 0 rg BT 367.78 709.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 400.78 709.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 444.90 709.10 Td (or ) Tj ET Q q 0 0 0 rg BT 455.69 709.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 499.52 709.10 Td (dif) Tj ET Q q 0 0 0 rg BT 510.45 709.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 527.90 709.10 Td (from ) Tj ET Q q 0 0 0 rg BT 549.80 709.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 697.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 117.09 697.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.97 697.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.97 697.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.31 697.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.63 697.10 Td (we ) Tj ET Q q 0 0 0 rg BT 197.62 697.10 Td (have ) Tj ET Q q 0 0 0 rg BT 219.83 697.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 254.25 697.10 Td (as ) Tj ET Q q 0 0 0 rg BT 265.91 697.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.57 697.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 338.67 697.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.67 697.10 Td (, ) Tj ET Q q 0 0 0 rg BT 364.50 697.10 Td (that ) Tj ET Q q 0 0 0 rg BT 382.82 697.10 Td (dif) Tj ET Q q 0 0 0 rg BT 393.75 697.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 426.50 697.10 Td (will ) Tj ET Q q 0 0 0 rg BT 445.39 697.10 Td (be ) Tj ET Q q 0 0 0 rg BT 458.16 697.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 496.46 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.57 697.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.23 697.10 Td (results ) Tj ET Q q 0 0 0 rg BT 553.67 697.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 685.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 126.04 685.10 Td (when ) Tj ET Q q 0 0 0 rg BT 151.08 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.68 685.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 195.61 685.10 Td (is ) Tj ET Q q 0 0 0 rg BT 205.66 685.10 Td (resolved ) Tj ET Q q 0 0 0 rg BT 242.92 685.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.63 685.10 Td (when ) Tj ET Q q 0 0 0 rg BT 279.67 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.39 685.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 333.09 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.80 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.40 685.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 379.89 685.10 Td (changes. ) Tj ET Q q 0 0 0 rg BT 417.98 685.10 Td (See ) Tj ET Q q 0 0 0 rg BT 435.80 685.10 Td (further ) Tj ET Q q 0 0 0 rg BT 466.39 685.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 511.45 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.61 685.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 549.51 685.10 Td (12. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 673.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 140.17 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.11 673.10 Td (Contingencies" ) Tj ET Q q 0 0 0 rg BT 220.90 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.18 673.10 Td (our ) Tj ET Q q 0 0 0 rg BT 247.01 673.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.94 673.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 334.22 673.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 373.93 673.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.81 673.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.00 652.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 119.28 652.10 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 631.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 129.71 631.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 187.19 631.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 222.45 631.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 245.50 631.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 287.99 631.10 Td (by ) Tj ET Q q 0 0 0 rg BT 299.92 631.10 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 330.47 631.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 348.44 631.10 Td () Tj ET Q q 0 0 0 rg BT 351.22 631.10 Td (s ) Tj ET Q q 0 0 0 rg BT 357.05 631.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 394.53 631.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 434.99 631.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.42 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.80 631.10 Td (FGL. ) Tj ET Q q 0 0 0 rg BT 479.13 631.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.92 631.10 Td (The ) Tj ET Q q 0 0 0 rg BT 498.40 631.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 521.45 631.10 Td (sponsored ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 619.10 Td (by ) Tj ET Q q 0 0 0 rg BT 93.57 619.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 122.26 619.10 Td (include ) Tj ET Q q 0 0 0 rg BT 154.27 619.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 177.95 619.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 212.47 619.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 252.25 619.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 275.93 619.10 Td (units ) Tj ET Q q 0 0 0 rg BT 297.95 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.96 619.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 352.53 619.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 396.75 619.10 Td (plans. ) Tj ET Q q 0 0 0 rg BT 422.93 619.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.94 619.10 Td (All ) Tj ET Q q 0 0 0 rg BT 440.29 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.19 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.98 619.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 493.55 619.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 524.45 619.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.79 619.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 607.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 109.86 607.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 129.83 607.10 Td (are ) Tj ET Q q 0 0 0 rg BT 144.78 607.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 173.63 607.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.16 607.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 204.68 607.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 227.42 607.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 262.93 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.11 607.10 Td (are ) Tj ET Q q 0 0 0 rg BT 295.07 607.10 Td (included ) Tj ET Q q 0 0 0 rg BT 332.25 607.10 Td (within ) Tj ET Q q 0 0 0 rg BT 360.55 607.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 386.07 607.10 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 429.37 607.10 Td (within ) Tj ET Q q 0 0 0 rg BT 457.67 607.10 Td (our ) Tj ET Q q 0 0 0 rg BT 473.75 607.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.04 607.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 595.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 128.90 595.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.86 595.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.59 595.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 184.89 595.10 Td (for ) Tj ET Q q 0 0 0 rg BT 199.74 595.10 Td (these ) Tj ET Q q 0 0 0 rg BT 223.47 595.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 247.77 595.10 Td (is ) Tj ET Q q 0 0 0 rg BT 257.63 595.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 287.47 595.10 Td (at ) Tj ET Q q 0 0 0 rg BT 297.88 595.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 314.94 595.10 Td (value ) Tj ET Q q 0 0 0 rg BT 339.79 595.10 Td (each ) Tj ET Q q 0 0 0 rg BT 361.29 595.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 401.14 595.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 432.37 595.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.00 595.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 485.39 595.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.36 595.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 513.43 595.10 Td (value ) Tj ET Q q 0 0 0 rg BT 538.27 595.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 595.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 583.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 114.93 583.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 144.96 583.10 Td (our ) Tj ET Q q 0 0 0 rg BT 161.12 583.10 Td (net ) Tj ET Q q 0 0 0 rg BT 176.16 583.10 Td (income ) Tj ET Q q 0 0 0 rg BT 208.41 583.10 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 235.96 583.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.57 583.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 283.31 583.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 318.34 583.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.94 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.98 583.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 384.01 583.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 436.28 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.44 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.48 583.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 490.29 583.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 521.44 583.10 Td (can ) Tj ET Q q 0 0 0 rg BT 538.13 583.10 Td (create ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 571.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 119.61 571.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.89 571.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.72 571.10 Td (net ) Tj ET Q q 0 0 0 rg BT 160.43 571.10 Td (income ) Tj ET Q q 0 0 0 rg BT 192.37 571.10 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 219.59 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.91 571.10 Td (The ) Tj ET Q q 0 0 0 rg BT 239.96 571.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 274.11 571.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 296.61 571.10 Td (for ) Tj ET Q q 0 0 0 rg BT 310.77 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.49 571.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 365.20 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.03 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.75 571.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 418.24 571.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 449.06 571.10 Td (is ) Tj ET Q q 0 0 0 rg BT 458.23 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.95 571.10 Td (price ) Tj ET Q q 0 0 0 rg BT 495.43 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.26 571.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 534.88 571.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 134.37 550.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 157.30 550.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 199.67 550.10 Td (by ) Tj ET Q q 0 0 0 rg BT 211.49 550.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 230.01 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.83 550.10 Td (include ) Tj ET Q q 0 0 0 rg BT 263.09 550.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 286.02 550.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 319.79 550.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 358.81 550.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 384.24 550.10 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 433.26 550.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 456.19 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.45 550.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 524.80 550.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 538.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 104.12 538.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 128.08 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.65 538.10 Td (All ) Tj ET Q q 0 0 0 rg BT 144.43 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.77 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.00 538.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 192.12 538.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 222.19 538.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 261.40 538.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 287.02 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.47 538.10 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 352.68 538.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 375.80 538.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 406.13 538.10 Td (under ) Tj ET Q q 0 0 0 rg BT 430.91 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.14 538.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 463.66 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.67 538.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 484.90 538.10 Td (are ) Tj ET Q q 0 0 0 rg BT 499.12 538.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 527.23 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.02 538.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 526.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 118.35 526.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 141.83 526.10 Td (exercise. ) Tj ET Q q 0 0 0 rg BT 180.31 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 199.33 526.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 216.68 526.10 Td (value ) Tj ET Q q 0 0 0 rg BT 241.81 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.62 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.31 526.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 293.89 526.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 325.69 526.10 Td (is ) Tj ET Q q 0 0 0 rg BT 335.84 526.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 384.29 526.10 Td (as ) Tj ET Q q 0 0 0 rg BT 396.10 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.90 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.60 526.10 Td (date ) Tj ET Q q 0 0 0 rg BT 443.73 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.42 526.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 491.21 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 506.90 526.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 547.58 526.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 514.10 Td (communicated ) Tj ET Q q 0 0 0 rg BT 143.29 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.50 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.14 514.10 Td (recipient ) Tj ET Q q 0 0 0 rg BT 208.54 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.41 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.50 514.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 283.79 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 295.55 514.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 331.18 514.10 Td (over ) Tj ET Q q 0 0 0 rg BT 352.37 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.01 514.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 421.96 514.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.72 514.10 Td (service ) Tj ET Q q 0 0 0 rg BT 465.46 514.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 496.93 514.10 Td (which ) Tj ET Q q 0 0 0 rg BT 524.79 514.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 502.10 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 131.08 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.62 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.60 502.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 185.24 502.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 215.05 502.10 Td (Determining ) Tj ET Q q 0 0 0 rg BT 267.35 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.33 502.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 296.97 502.10 Td (value ) Tj ET Q q 0 0 0 rg BT 320.38 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.47 502.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 353.34 502.10 Td (options ) Tj ET Q q 0 0 0 rg BT 384.55 502.10 Td (at ) Tj ET Q q 0 0 0 rg BT 393.53 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.50 502.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 429.81 502.10 Td (date ) Tj ET Q q 0 0 0 rg BT 448.23 502.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 482.19 502.10 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 524.23 502.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 490.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 120.93 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 135.31 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.25 490.10 Td (average ) Tj ET Q q 0 0 0 rg BT 184.05 490.10 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 220.64 490.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 252.79 490.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 273.00 490.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 311.25 490.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 346.71 490.10 Td (, ) Tj ET Q q 0 0 0 rg BT 351.93 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.09 490.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 407.34 490.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 445.05 490.10 Td (yield. ) Tj ET Q q 0 0 0 rg BT 470.27 490.10 Td (In ) Tj ET Q q 0 0 0 rg BT 481.32 490.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 508.48 490.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 539.51 490.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 478.10 Td (we ) Tj ET Q q 0 0 0 rg BT 95.16 478.10 Td (decided ) Tj ET Q q 0 0 0 rg BT 128.76 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.04 478.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 162.65 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.48 478.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 232.06 478.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 275.11 478.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 300.39 478.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 324.56 478.10 Td (\(PRSUs\) ) Tj ET Q q 0 0 0 rg BT 371.51 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.79 478.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 402.06 478.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 424.56 478.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 455.95 478.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 475.39 478.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 516.48 478.10 Td (reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 466.10 Td (these ) Tj ET Q q 0 0 0 rg BT 104.29 466.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 135.36 466.10 Td (from ) Tj ET Q q 0 0 0 rg BT 157.54 466.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 185.28 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.80 466.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 221.31 466.10 Td (Liabilities. ) Tj ET Q q 0 0 0 rg BT 266.91 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 285.20 466.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 319.05 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.45 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.41 466.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 380.06 466.10 Td (was ) Tj ET Q q 0 0 0 rg BT 398.36 466.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 427.76 466.10 Td (at ) Tj ET Q q 0 0 0 rg BT 437.72 466.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 454.34 466.10 Td (value ) Tj ET Q q 0 0 0 rg BT 478.74 466.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 501.49 466.10 Td (reclassification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 454.10 Td (which ) Tj ET Q q 0 0 0 rg BT 107.65 454.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 141.53 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.52 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.95 454.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 213.71 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.26 454.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 266.46 454.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 324.22 454.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 342.54 454.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.09 454.10 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.09 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.65 454.10 Td (The ) Tj ET Q q 0 0 0 rg BT 385.41 454.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 416.53 454.10 Td (became ) Tj ET Q q 0 0 0 rg BT 449.28 454.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 470.38 454.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 498.14 454.10 Td (as ) Tj ET Q q 0 0 0 rg BT 508.69 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.24 454.10 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 442.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 96.80 442.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 120.09 442.10 Td (with ) Tj ET Q q 0 0 0 rg BT 141.17 442.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 178.90 442.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 226.07 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.14 442.10 Td (be ) Tj ET Q q 0 0 0 rg BT 249.88 442.10 Td (made ) Tj ET Q q 0 0 0 rg BT 274.83 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.91 442.10 Td (November ) Tj ET Q q 0 0 0 rg BT 331.41 442.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 354.71 442.10 Td (based ) Tj ET Q q 0 0 0 rg BT 380.77 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.07 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.58 442.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 426.76 442.10 Td (value ) Tj ET Q q 0 0 0 rg BT 451.71 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.34 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.85 442.10 Td (award ) Tj ET Q q 0 0 0 rg BT 506.58 442.10 Td (at ) Tj ET Q q 0 0 0 rg BT 517.09 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.61 442.10 Td (time ) Tj ET Q q 0 0 0 rg BT 553.68 442.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 430.10 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 126.15 430.10 Td (For ) Tj ET Q q 0 0 0 rg BT 141.59 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.47 430.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 209.11 430.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 251.20 430.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 275.53 430.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 298.75 430.10 Td (\("PRSUs"\) ) Tj ET Q q 0 0 0 rg BT 344.03 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.79 430.10 Td (attainment ) Tj ET Q q 0 0 0 rg BT 401.55 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.43 430.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 463.50 430.10 Td (tar) Tj ET Q q 0 0 0 rg BT 473.87 430.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 491.53 430.10 Td (is ) Tj ET Q q 0 0 0 rg BT 499.75 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 505.74 430.10 Td (key ) Tj ET Q q 0 0 0 rg BT 521.73 430.10 Td (judgment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 418.10 Td (If ) Tj ET Q q 0 0 0 rg BT 91.24 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.04 418.10 Td (attainment ) Tj ET Q q 0 0 0 rg BT 152.83 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.75 418.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 218.85 418.10 Td (tar) Tj ET Q q 0 0 0 rg BT 229.22 418.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 248.91 418.10 Td (dif) Tj ET Q q 0 0 0 rg BT 259.84 418.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 274.52 418.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 328.09 418.10 Td (from ) Tj ET Q q 0 0 0 rg BT 351.11 418.10 Td (actual, ) Tj ET Q q 0 0 0 rg BT 381.07 418.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 431.86 418.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 490.98 418.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 526.77 418.10 Td (could ) Tj ET Q q 0 0 0 rg BT 552.57 418.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 406.10 Td (af) Tj ET Q q 0 0 0 rg BT 88.59 406.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 118.27 406.10 Td (which ) Tj ET Q q 0 0 0 rg BT 145.46 406.10 Td (could ) Tj ET Q q 0 0 0 rg BT 170.44 406.10 Td (have ) Tj ET Q q 0 0 0 rg BT 192.07 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.26 406.10 Td (material ) Tj ET Q q 0 0 0 rg BT 234.78 406.10 Td (ef) Tj ET Q q 0 0 0 rg BT 242.37 406.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 260.11 406.10 Td (on ) Tj ET Q q 0 0 0 rg BT 272.87 406.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.95 406.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 342.25 406.10 Td (results ) Tj ET Q q 0 0 0 rg BT 371.11 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.20 406.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 426.61 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.15 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.34 406.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 485.41 406.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 524.26 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 535.35 406.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 394.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 111.49 394.10 Td (See ) Tj ET Q q 0 0 0 rg BT 128.36 394.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 154.32 394.10 Td (10. ) Tj ET Q q 0 0 0 rg BT 169.26 394.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 194.48 394.10 Td (Compensation" ) Tj ET Q q 0 0 0 rg BT 258.77 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.99 394.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.76 394.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 339.97 394.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 379.62 394.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.94 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.04 394.10 Td (more ) Tj ET Q q 0 0 0 rg BT 463.03 394.10 Td (information ) Tj ET Q q 0 0 0 rg BT 512.68 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 525.12 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 540.89 394.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 382.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 139.04 382.10 Td (plans. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.00 361.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 124.38 361.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 175.77 361.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 186.13 361.10 Td (onouncements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 342.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 132.89 342.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 155.61 342.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.23 342.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 194.60 342.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 205.94 342.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 252.82 342.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 303.32 342.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 338.83 342.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.12 342.10 Td (Practices" ) Tj ET Q q 0 0 0 rg BT 401.14 342.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.76 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.82 342.10 Td (Company) Tj ET Q q 0 0 0 rg BT 470.49 342.10 Td (s ) Tj ET Q q 0 0 0 rg BT 478.23 342.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 330.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 120.71 330.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 167.09 330.10 Td (for ) Tj ET Q q 0 0 0 rg BT 181.25 330.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 224.30 330.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.13 330.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 262.05 330.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 308.43 330.10 Td (pronouncements.) Tj ET Q endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 727.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 84.33 727.25 Td (All amounts pr) Tj ET Q q 0 0 0 rg BT 143.41 727.25 Td (esented in millions unless otherwise noted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 727.25 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 706.25 Td (The ) Tj ET Q q 0 0 0 rg BT 134.23 706.25 Td (following ) Tj ET Q q 0 0 0 rg BT 174.80 706.25 Td (tables ) Tj ET Q q 0 0 0 rg BT 199.81 706.25 Td (set ) Tj ET Q q 0 0 0 rg BT 212.60 706.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 233.72 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.62 706.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 299.84 706.25 Td (results ) Tj ET Q q 0 0 0 rg BT 327.63 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.64 706.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 380.98 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.10 706.25 Td (compare ) Tj ET Q q 0 0 0 rg BT 433.21 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.10 706.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 478.78 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.79 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.69 706.25 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.25 Td (between ) Tj ET Q q 0 0 0 rg BT 116.82 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.53 694.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 155.69 694.25 Td (periods: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 633.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 633.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 633.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 633.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 633.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 633.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 633.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 633.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 633.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 633.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 633.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 607.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 607.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 607.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 607.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 607.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 607.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 607.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 607.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 607.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 607.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 607.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 581.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 581.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 581.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 581.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 581.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 581.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 581.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 581.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 581.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 581.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 581.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 555.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 555.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 555.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 555.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 555.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 555.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 555.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 555.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 555.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 555.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 555.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 529.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 529.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 529.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 529.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 529.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 529.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 529.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 529.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 529.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 529.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 529.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 503.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 503.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 503.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 503.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 503.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 503.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 503.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 503.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 503.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 503.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 503.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 477.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 477.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 477.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 477.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 477.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 477.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 477.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 477.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 477.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 477.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 477.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 451.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 451.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 451.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 451.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 451.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 451.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 451.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 451.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 451.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 451.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 451.75 49.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 662.75 m 329.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 662.75 m 333.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 662.75 m 377.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 662.75 m 381.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 662.75 m 425.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 662.75 m 478.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 662.75 m 482.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 662.75 m 531.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 662.75 m 329.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 633.75 m 329.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 633.75 m 377.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 633.75 m 425.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 633.75 m 478.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 633.75 m 531.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 568.75 m 329.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 568.75 m 377.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 568.75 m 425.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 568.75 m 478.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 568.75 m 531.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 568.75 m 329.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 555.75 m 329.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 568.75 m 377.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 555.75 m 377.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 568.75 m 425.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 555.75 m 425.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 555.75 m 478.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 555.75 m 531.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 503.75 m 329.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 503.75 m 377.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 503.75 m 425.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 503.75 m 478.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 503.75 m 531.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 490.75 m 329.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 490.75 m 377.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 490.75 m 425.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 490.75 m 329.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 490.75 m 377.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 490.75 m 425.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 490.75 m 478.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 490.75 m 531.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 464.75 m 329.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 464.75 m 377.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 464.75 m 425.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 464.75 m 478.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 464.75 m 531.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 438.75 m 329.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 438.75 m 377.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 438.75 m 425.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 438.75 m 329.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 426.75 m 329.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 424.75 m 329.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 438.75 m 377.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 426.75 m 377.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 424.75 m 377.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 438.75 m 425.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 426.75 m 425.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 424.75 m 425.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 438.75 m 478.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 426.75 m 478.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 424.75 m 478.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 438.75 m 531.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 426.75 m 531.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 424.75 m 531.5 424.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.20 666.98 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.60 666.98 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.00 637.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.00 637.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.00 637.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 653.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.10 645.98 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 637.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.50 653.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.10 645.98 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.50 637.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 624.98 Td (Revenues:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 612.00 Td (Premiums) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.00 612.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 612.00 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.00 612.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 612.00 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.00 612.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 612.00 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.00 612.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 612.00 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 612.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 612.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 599.00 Td (Net investment income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.25 599.00 Td (923) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.25 599.00 Td (851) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 599.00 Td (760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 599.00 Td (72) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 599.00 Td (91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 586.00 Td (Net investment gains \(losses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 586.00 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.60 586.00 Td (\(37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.30 586.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 586.00 Td (307) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 586.00 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 586.00 Td (\(344) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 586.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 573.00 Td (Insurance and investment product fees and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.25 573.00 Td (127) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 573.00 Td (89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 573.00 Td (68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 573.00 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 573.00 Td (21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.00 559.98 Td (Total revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.25 560.00 Td (1,139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.25 560.00 Td (961) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.25 560.00 Td (1,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 560.00 Td (178) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 560.00 Td (\(230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 560.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 547.00 Td (Benefits and expenses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 534.00 Td (Benefits and other changes in policy reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.25 534.00 Td (791) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.25 534.00 Td (578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 534.00 Td (788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 534.00 Td (213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 534.00 Td (\(210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 534.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 521.00 Td (Acquisition and operating expenses, net of deferrals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.25 521.00 Td (119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.25 521.00 Td (113) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 521.00 Td (102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 521.00 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 521.00 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 508.00 Td (Amortization of intangibles) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 508.00 Td (54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 508.00 Td (64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 508.00 Td (89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 508.00 Td (\(10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 508.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 508.00 Td (\(25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 508.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.00 494.98 Td ( Total benefits and expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.25 495.00 Td (964) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.25 495.00 Td (755) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 495.00 Td (979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 495.00 Td (209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 495.00 Td (\(224) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 495.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.00 481.98 Td (Operating income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.25 482.00 Td (175) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.25 482.00 Td (206) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 482.00 Td (212) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 482.00 Td (\(31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 482.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 482.00 Td (\(6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 482.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 469.00 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 469.00 Td (\(22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.30 469.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.60 469.00 Td (\(24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.30 469.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.60 469.00 Td (\(23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 469.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 469.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 469.00 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 469.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 456.00 Td (Income before income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.25 456.00 Td (153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.25 456.00 Td (182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 456.00 Td (189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 456.00 Td (\(29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 456.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 456.00 Td (\(7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 456.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 443.00 Td (Income tax expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 443.00 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 443.00 Td (64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 443.00 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 443.00 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 443.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 443.00 Td (38) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 429.98 Td ( Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.00 430.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 430.00 Td (97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.00 430.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.25 430.00 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.00 430.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 430.00 Td (163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.00 430.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 430.00 Td (\(21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 430.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 430.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 430.00 Td (\(45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 430.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 402.25 Td (Annuity ) Tj ET Q q 0 0 0 rg BT 139.86 402.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 161.37 402.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.56 402.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 215.52 402.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.52 402.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.60 402.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.12 402.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 280.08 402.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.08 402.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.16 402.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.66 402.25 Td ($2,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.16 402.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.24 402.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.76 402.25 Td ($2,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.26 402.25 Td (, ) Tj ET Q q 0 0 0 rg BT 401.84 402.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 449.50 402.25 Td (, ) Tj ET Q q 0 0 0 rg BT 454.07 402.25 Td (including ) Tj ET Q q 0 0 0 rg BT 493.93 402.25 Td (FIA) Tj ET Q q 0 0 0 rg BT 509.49 402.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.56 402.25 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 390.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.83 390.25 Td ($1,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.33 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.83 390.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.77 390.25 Td ($2,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.27 390.25 Td (, ) Tj ET Q q 0 0 0 rg BT 171.26 390.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 218.93 390.25 Td (. ) Tj ET Q q 0 0 0 rg BT 223.37 390.25 Td (As ) Tj ET Q q 0 0 0 rg BT 236.99 390.25 Td (expected, ) Tj ET Q q 0 0 0 rg BT 277.52 390.25 Td (FIA) Tj ET Q q 0 0 0 rg BT 293.08 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 295.58 390.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 317.51 390.25 Td (were ) Tj ET Q q 0 0 0 rg BT 339.44 390.25 Td (down ) Tj ET Q q 0 0 0 rg BT 364.16 390.25 Td (from ) Tj ET Q q 0 0 0 rg BT 386.10 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.82 390.25 Td (near ) Tj ET Q q 0 0 0 rg BT 420.52 390.25 Td (record ) Tj ET Q q 0 0 0 rg BT 448.56 390.25 Td (level ) Tj ET Q q 0 0 0 rg BT 470.49 390.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 508.52 390.25 Td (in ) Tj ET Q q 0 0 0 rg BT 518.80 390.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 378.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 101.77 378.25 Td (year ) Tj ET Q q 0 0 0 rg BT 120.30 378.25 Td (as ) Tj ET Q q 0 0 0 rg BT 129.96 378.25 Td (we ) Tj ET Q q 0 0 0 rg BT 142.95 378.25 Td (have ) Tj ET Q q 0 0 0 rg BT 163.15 378.25 Td (intentionally ) Tj ET Q q 0 0 0 rg BT 215.03 378.25 Td (moderated ) Tj ET Q q 0 0 0 rg BT 258.56 378.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 289.88 378.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.99 378.25 Td (sustain ) Tj ET Q q 0 0 0 rg BT 328.09 378.25 Td (a ) Tj ET Q q 0 0 0 rg BT 333.86 378.25 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 379.07 378.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 417.04 378.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.03 378.25 Td (new ) Tj ET Q q 0 0 0 rg BT 448.02 378.25 Td (business ) Tj ET Q q 0 0 0 rg BT 483.24 378.25 Td (profitability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 366.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.00 366.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 125.22 366.25 Td (management. ) Tj ET Q q 0 0 0 rg BT 180.37 366.25 Td ( ) Tj ET Q q 0 0 0 rg BT 181.94 366.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 204.61 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.51 366.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 257.72 366.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 298.15 366.25 Td (annuities ) Tj ET Q q 0 0 0 rg BT 335.82 366.25 Td (\("MYGA"\) ) Tj ET Q q 0 0 0 rg BT 382.76 366.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.76 366.25 Td ($536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.76 366.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.32 366.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.66 366.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 460.12 366.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.12 366.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.68 366.25 Td (as ) Tj ET Q q 0 0 0 rg BT 491.58 366.25 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 354.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.69 354.25 Td ($287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.69 354.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.59 354.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.28 354.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 148.07 354.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.07 354.25 Td (. ) Tj ET Q q 0 0 0 rg BT 172.48 354.25 Td (During ) Tj ET Q q 0 0 0 rg BT 202.71 354.25 Td (third ) Tj ET Q q 0 0 0 rg BT 223.51 354.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 253.73 354.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.97 354.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 289.76 354.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.76 354.25 Td (, ) Tj ET Q q 0 0 0 rg BT 314.17 354.25 Td (we ) Tj ET Q q 0 0 0 rg BT 327.73 354.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 359.06 354.25 Td (into ) Tj ET Q q 0 0 0 rg BT 376.53 354.25 Td (a ) Tj ET Q q 0 0 0 rg BT 382.87 354.25 Td ($157 ) Tj ET Q q 0 0 0 rg BT 404.78 354.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 437.79 354.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 481.34 354.25 Td (with ) Tj ET Q q 0 0 0 rg BT 501.03 354.25 Td (Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 342.25 Td (Home ) Tj ET Q q 0 0 0 rg BT 109.15 342.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 133.41 342.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 158.23 342.25 Td (\("FHLB"\), ) Tj ET Q q 0 0 0 rg BT 204.82 342.25 Td (under ) Tj ET Q q 0 0 0 rg BT 231.30 342.25 Td (an ) Tj ET Q q 0 0 0 rg BT 244.45 342.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 292.04 342.25 Td (spread ) Tj ET Q q 0 0 0 rg BT 321.85 342.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 352.86 342.25 Td (. ) Tj ET Q q 0 0 0 rg BT 358.80 342.25 Td (This ) Tj ET Q q 0 0 0 rg BT 380.29 342.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 415.11 342.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 460.46 342.25 Td (is ) Tj ET Q q 0 0 0 rg BT 470.84 342.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 509.53 342.25 Td (as ) Tj ET Q q 0 0 0 rg BT 521.57 342.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 330.25 Td (institutional ) Tj ET Q q 0 0 0 rg BT 130.58 330.25 Td (spread ) Tj ET Q q 0 0 0 rg BT 158.48 330.25 Td (based ) Tj ET Q q 0 0 0 rg BT 183.05 330.25 Td (product. ) Tj ET Q q 0 0 0 rg BT 217.77 330.25 Td (W) Tj ET Q q 0 0 0 rg BT 226.41 330.25 Td (e ) Tj ET Q q 0 0 0 rg BT 232.65 330.25 Td (view ) Tj ET Q q 0 0 0 rg BT 253.89 330.25 Td (MYGA) Tj ET Q q 0 0 0 rg BT 283.89 330.25 Td ( ) Tj ET Q q 0 0 0 rg BT 285.69 330.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 317.49 330.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.73 330.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 366.64 330.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 413.98 330.25 Td (as ) Tj ET Q q 0 0 0 rg BT 424.11 330.25 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 478.68 330.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.92 330.25 Td (therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 318.25 Td (these ) Tj ET Q q 0 0 0 rg BT 103.45 318.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 139.24 318.25 Td (will ) Tj ET Q q 0 0 0 rg BT 156.70 318.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 193.59 318.25 Td (from ) Tj ET Q q 0 0 0 rg BT 214.93 318.25 Td (period ) Tj ET Q q 0 0 0 rg BT 242.38 318.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.06 318.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 282.02 318.25 Td (Indexed ) Tj ET Q q 0 0 0 rg BT 316.13 318.25 Td (universal ) Tj ET Q q 0 0 0 rg BT 354.69 318.25 Td (life ) Tj ET Q q 0 0 0 rg BT 369.92 318.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 391.26 318.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.27 318.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 445.06 318.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.06 318.25 Td ( ) Tj ET Q q 0 0 0 rg BT 466.97 318.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.87 318.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.21 318.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 511.00 318.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 306.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.68 306.25 Td ($56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.68 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.92 306.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.61 306.25 Td ($35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.61 306.25 Td (, ) Tj ET Q q 0 0 0 rg BT 156.36 306.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 204.02 306.25 Td (. ) Tj ET Q q 0 0 0 rg BT 208.60 306.25 Td (The ) Tj ET Q q 0 0 0 rg BT 226.40 306.25 Td (strong ) Tj ET Q q 0 0 0 rg BT 253.65 306.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 284.22 306.25 Td (in ) Tj ET Q q 0 0 0 rg BT 294.25 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.71 306.25 Td (current ) Tj ET Q q 0 0 0 rg BT 339.28 306.25 Td (period ) Tj ET Q q 0 0 0 rg BT 367.07 306.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 398.74 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.21 306.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 460.03 306.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 495.06 306.25 Td (ef) Tj ET Q q 0 0 0 rg BT 502.65 306.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 523.23 306.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 294.25 Td (steadily ) Tj ET Q q 0 0 0 rg BT 114.60 294.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 137.66 294.25 Td (indexed ) Tj ET Q q 0 0 0 rg BT 171.81 294.25 Td (universal ) Tj ET Q q 0 0 0 rg BT 210.97 294.25 Td (life ) Tj ET Q q 0 0 0 rg BT 226.79 294.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 248.73 294.25 Td (through ) Tj ET Q q 0 0 0 rg BT 282.34 294.25 Td (its ) Tj ET Q q 0 0 0 rg BT 294.29 294.25 Td (network ) Tj ET Q q 0 0 0 rg BT 329.55 294.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.38 294.25 Td (core ) Tj ET Q q 0 0 0 rg BT 360.09 294.25 Td (middle-market ) Tj ET Q q 0 0 0 rg BT 421.46 294.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 455.06 294.25 Td (IMO's.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 270.25 Td (Annuity ) Tj ET Q q 0 0 0 rg BT 140.54 270.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 162.74 270.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.61 270.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 218.26 270.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.26 270.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.02 270.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.22 270.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 284.87 270.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.87 270.25 Td ( ) Tj ET Q q 0 0 0 rg BT 307.63 270.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.82 270.25 Td ($2,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.32 270.25 Td ( ) Tj ET Q q 0 0 0 rg BT 360.08 270.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.28 270.25 Td ($2,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.78 270.25 Td (, ) Tj ET Q q 0 0 0 rg BT 410.04 270.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 457.70 270.25 Td (, ) Tj ET Q q 0 0 0 rg BT 462.96 270.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.50 270.25 Td ($2,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.00 270.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 258.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.68 258.25 Td ($1,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.18 258.25 Td (, ) Tj ET Q q 0 0 0 rg BT 129.93 258.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 177.59 258.25 Td (, ) Tj ET Q q 0 0 0 rg BT 182.33 258.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.90 258.25 Td (FIA) Tj ET Q q 0 0 0 rg BT 208.47 258.25 Td ( ) Tj ET Q q 0 0 0 rg BT 210.71 258.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 234.73 258.25 Td (The ) Tj ET Q q 0 0 0 rg BT 252.52 258.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 287.52 258.25 Td (in ) Tj ET Q q 0 0 0 rg BT 297.54 258.25 Td (FIA) Tj ET Q q 0 0 0 rg BT 313.10 258.25 Td ( ) Tj ET Q q 0 0 0 rg BT 315.34 258.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 337.03 258.25 Td (period ) Tj ET Q q 0 0 0 rg BT 364.82 258.25 Td (over ) Tj ET Q q 0 0 0 rg BT 384.83 258.25 Td (period ) Tj ET Q q 0 0 0 rg BT 412.62 258.25 Td (was ) Tj ET Q q 0 0 0 rg BT 430.42 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.88 258.25 Td (result ) Tj ET Q q 0 0 0 rg BT 469.34 258.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.91 258.25 Td (long-tenured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 246.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 133.82 246.25 Td (with ) Tj ET Q q 0 0 0 rg BT 153.31 246.25 Td (our ) Tj ET Q q 0 0 0 rg BT 168.36 246.25 Td (IMO's. ) Tj ET Q q 0 0 0 rg BT 197.71 246.25 Td (Several ) Tj ET Q q 0 0 0 rg BT 229.42 246.25 Td (new ) Tj ET Q q 0 0 0 rg BT 247.79 246.25 Td (products ) Tj ET Q q 0 0 0 rg BT 283.95 246.25 Td (introduced ) Tj ET Q q 0 0 0 rg BT 328.43 246.25 Td (in ) Tj ET Q q 0 0 0 rg BT 337.92 246.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 359.64 246.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.13 246.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 399.73 246.25 Td (our ) Tj ET Q q 0 0 0 rg BT 414.77 246.25 Td (product ) Tj ET Q q 0 0 0 rg BT 447.04 246.25 Td (suite ) Tj ET Q q 0 0 0 rg BT 467.64 246.25 Td (also ) Tj ET Q q 0 0 0 rg BT 485.46 246.25 Td (contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 234.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.45 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.35 234.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 137.35 234.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.36 234.25 Td (FIA) Tj ET Q q 0 0 0 rg BT 163.92 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.60 234.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 188.71 234.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.16 234.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 224.34 234.25 Td (MYGA) Tj ET Q q 0 0 0 rg BT 254.34 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 257.02 234.25 Td (production ) Tj ET Q q 0 0 0 rg BT 303.02 234.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 345.11 234.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.57 234.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 382.13 234.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.13 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 404.80 234.25 Td (as ) Tj ET Q q 0 0 0 rg BT 415.81 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.70 234.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 462.81 234.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 480.47 234.25 Td (environment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 222.25 Td (for ) Tj ET Q q 0 0 0 rg BT 95.16 222.25 Td (these ) Tj ET Q q 0 0 0 rg BT 118.21 222.25 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 173.48 222.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 195.42 222.25 Td (was ) Tj ET Q q 0 0 0 rg BT 213.47 222.25 Td (more ) Tj ET Q q 0 0 0 rg BT 236.52 222.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 276.21 222.25 Td (for ) Tj ET Q q 0 0 0 rg BT 290.38 222.25 Td (both ) Tj ET Q q 0 0 0 rg BT 310.65 222.25 Td (us ) Tj ET Q q 0 0 0 rg BT 322.04 222.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.98 222.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.70 222.25 Td (market ) Tj ET Q q 0 0 0 rg BT 383.96 222.25 Td (in ) Tj ET Q q 0 0 0 rg BT 394.24 222.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 420.63 222.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 445.63 222.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 198.25 Td (Revenues) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 174.25 Td (Premiums) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 123.23 174.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 150.25 Td (Premiums ) Tj ET Q q 0 0 0 rg BT 146.27 150.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 185.69 150.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 213.44 150.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 253.96 150.25 Td (premiums ) Tj ET Q q 0 0 0 rg BT 296.17 150.25 Td (for ) Tj ET Q q 0 0 0 rg BT 310.04 150.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 353.35 150.25 Td (life ) Tj ET Q q 0 0 0 rg BT 368.89 150.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 409.42 150.25 Td (products ) Tj ET Q q 0 0 0 rg BT 446.07 150.25 Td (which ) Tj ET Q q 0 0 0 rg BT 472.72 150.25 Td (are ) Tj ET Q q 0 0 0 rg BT 487.14 150.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 138.25 Td (as ) Tj ET Q q 0 0 0 rg BT 91.89 138.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 126.10 138.25 Td (when ) Tj ET Q q 0 0 0 rg BT 150.32 138.25 Td (due ) Tj ET Q q 0 0 0 rg BT 167.32 138.25 Td (from ) Tj ET Q q 0 0 0 rg BT 189.33 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.10 138.25 Td (policyholder) Tj ET Q q 0 0 0 rg BT 254.09 138.25 Td (. ) Tj ET Q q 0 0 0 rg BT 259.16 138.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 277.68 138.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.24 138.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 321.67 138.25 Td (has ) Tj ET Q q 0 0 0 rg BT 337.56 138.25 Td (ceded ) Tj ET Q q 0 0 0 rg BT 363.44 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.22 138.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 414.66 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.56 138.25 Td (its ) Tj ET Q q 0 0 0 rg BT 437.57 138.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 481.23 138.25 Td (life ) Tj ET Q q 0 0 0 rg BT 497.12 138.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.02 126.25 Td (unaf) Tj ET Q q 0 0 0 rg BT 109.61 126.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 141.18 126.25 Td (third ) Tj ET Q q 0 0 0 rg BT 163.31 126.25 Td (party ) Tj ET Q q 0 0 0 rg BT 187.10 126.25 Td (reinsurers. ) Tj ET Q q 0 0 0 rg BT 232.04 126.25 Td (The ) Tj ET Q q 0 0 0 rg BT 250.84 126.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 295.18 126.25 Td (life ) Tj ET Q q 0 0 0 rg BT 311.75 126.25 Td (business ) Tj ET Q q 0 0 0 rg BT 348.89 126.25 Td (is ) Tj ET Q q 0 0 0 rg BT 358.81 126.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 399.27 126.25 Td (related ) Tj ET Q q 0 0 0 rg BT 429.71 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.74 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.20 126.25 Td (return ) Tj ET Q q 0 0 0 rg BT 483.32 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.90 126.25 Td (premium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 114.25 Td (riders ) Tj ET Q q 0 0 0 rg BT 106.26 114.25 Td (on ) Tj ET Q q 0 0 0 rg BT 118.75 114.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 162.33 114.25 Td (life ) Tj ET Q q 0 0 0 rg BT 178.15 114.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 219.05 114.25 Td (While ) Tj ET Q q 0 0 0 rg BT 245.98 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.68 114.25 Td (base ) Tj ET Q q 0 0 0 rg BT 280.94 114.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 315.63 114.25 Td (has ) Tj ET Q q 0 0 0 rg BT 331.45 114.25 Td (been ) Tj ET Q q 0 0 0 rg BT 352.82 114.25 Td (reinsured, ) Tj ET Q q 0 0 0 rg BT 395.01 114.25 Td (we ) Tj ET Q q 0 0 0 rg BT 409.16 114.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 446.08 114.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.35 114.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 481.60 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.31 114.25 Td (return ) Tj ET Q q 0 0 0 rg BT 522.68 114.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 102.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 119.60 102.25 Td (rider) Tj ET Q q 0 0 0 rg BT 137.93 102.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 78.25 Td (Premiums ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.67 78.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.43 78.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.04 78.25 Td ($12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.04 78.25 Td (, ) Tj ET Q q 0 0 0 rg BT 210.16 78.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.11 78.25 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.44 78.25 Td (, ) Tj ET Q q 0 0 0 rg BT 246.56 78.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.61 78.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 297.12 78.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.12 78.25 Td ( ) Tj ET Q q 0 0 0 rg BT 320.73 78.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.13 78.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 359.63 78.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.63 78.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.25 78.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 424.08 78.25 Td (due ) Tj ET Q q 0 0 0 rg BT 442.13 78.25 Td (to ) Tj ET Q q 0 0 0 rg BT 453.53 78.25 Td (an ) Tj ET Q q 0 0 0 rg BT 466.59 78.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 502.96 78.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.35 78.25 Td (life-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 66.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 126.60 66.25 Td (immediate ) Tj ET Q q 0 0 0 rg BT 172.19 66.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 205.58 66.25 Td (premiums ) Tj ET Q q 0 0 0 rg BT 248.96 66.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 287.34 66.25 Td (from ) Tj ET Q q 0 0 0 rg BT 310.17 66.25 Td (an ) Tj ET Q q 0 0 0 rg BT 323.00 66.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 359.14 66.25 Td (in ) Tj ET Q q 0 0 0 rg BT 370.30 66.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 407.00 66.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 440.38 66.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 474.87 66.25 Td (reaching ) Tj ET Q q 0 0 0 rg BT 512.68 66.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 54.25 Td (required ) Tj ET Q q 0 0 0 rg BT 116.82 54.25 Td (annuitization ) Tj ET Q q 0 0 0 rg BT 171.52 54.25 Td (period ) Tj ET Q q 0 0 0 rg BT 199.57 54.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.18 54.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 254.56 54.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.56 54.25 Td (.) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 742.10 Td (Premiums ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.19 742.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.95 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.58 742.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.58 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.71 742.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.68 742.10 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.01 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 228.14 742.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.22 742.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 274.74 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.74 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.37 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.79 742.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 331.31 742.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 352.94 742.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 391.79 742.10 Td (due ) Tj ET Q q 0 0 0 rg BT 407.86 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.28 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 428.35 742.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 462.74 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.15 742.10 Td (life-contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 125.25 730.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 157.28 730.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 199.31 730.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 234.67 730.10 Td (of) Tj ET Q q 0 0 0 rg BT 242.82 730.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 259.30 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 271.34 730.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 296.14 730.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 339.28 730.10 Td (life ) Tj ET Q q 0 0 0 rg BT 354.65 730.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 392.79 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 414.26 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 420.74 730.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 459.99 730.10 Td (block ) Tj ET Q q 0 0 0 rg BT 484.25 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.62 730.10 Td (business. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 709.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 97.94 709.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 144.88 709.10 Td (income) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 174.88 709.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 688.10 Td (Below ) Tj ET Q q 0 0 0 rg BT 132.81 688.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.68 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.32 688.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 190.73 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.26 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.68 688.10 Td (major ) Tj ET Q q 0 0 0 rg BT 244.20 688.10 Td (components ) Tj ET Q q 0 0 0 rg BT 295.73 688.10 Td (included ) Tj ET Q q 0 0 0 rg BT 333.36 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.34 688.10 Td (net ) Tj ET Q q 0 0 0 rg BT 359.76 688.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 406.84 688.10 Td (income ) Tj ET Q q 0 0 0 rg BT 439.47 688.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.33 688.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 481.42 688.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.42 688.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.12 688.10 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 676.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 676.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.00 676.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.94 676.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 149.33 676.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.33 676.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 612.60 205.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 612.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 612.60 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 612.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 612.60 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 612.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 612.60 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 612.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 612.60 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 612.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 612.60 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 590.60 205.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 590.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 590.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 590.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 590.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 590.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 590.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 590.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 590.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 590.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 590.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 561.60 205.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 561.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 561.60 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 561.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 561.60 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 561.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 561.60 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 561.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 561.60 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 561.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 561.60 45.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 641.6 m 334.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 641.6 m 338.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 641.6 m 383.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 641.6 m 432.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 641.6 m 481.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 641.6 m 485.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 641.6 m 530.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 641.6 m 334.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 612.6 m 334.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 641.6 m 338.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 641.6 m 383.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 612.6 m 383.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 641.6 m 432.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 612.6 m 432.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 641.6 m 481.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 612.6 m 481.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 641.6 m 485.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 641.6 m 530.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 612.6 m 530.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 612.6 m 334.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 612.6 m 383.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 612.6 m 432.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 612.6 m 481.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 612.6 m 530.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 572.6 m 334.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 572.6 m 383.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 572.6 m 334.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 572.6 m 383.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 572.6 m 432.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 572.6 m 481.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 572.6 m 530.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 550.6 m 334.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 550.6 m 383.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 550.6 m 432.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 550.6 m 481.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 550.6 m 530.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 550.6 m 334.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 538.6 m 334.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 536.6 m 334.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 550.6 m 383.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 538.6 m 383.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 536.6 m 383.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 550.6 m 432.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 538.6 m 432.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 536.6 m 432.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 550.6 m 481.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 538.6 m 481.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 536.6 m 481.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 550.6 m 530.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 538.6 m 530.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 536.6 m 530.5 536.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.70 645.83 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.60 645.83 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.50 616.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.50 616.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 616.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 632.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.45 624.83 Td (compared) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.15 616.83 Td (to 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.50 632.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.45 624.83 Td (compared) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.15 616.83 Td (to 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 604.55 Td (Fixed maturity securities, available-for) Tj ET Q q 0 0 0 rg BT 207.24 604.55 Td (-sale ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.00 604.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 604.55 Td (869) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.00 604.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 604.55 Td (799) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.00 604.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 604.55 Td (723) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.00 604.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 604.55 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.00 604.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 604.55 Td (76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 593.55 Td (Equity securities, available-for) Tj ET Q q 0 0 0 rg BT 181.25 593.55 Td (-sale ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.30 593.55 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.30 593.55 Td (33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 593.55 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.60 593.55 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 593.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 593.55 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 582.55 Td (Commercial mortgage loans, related party loans, invested ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 574.60 Td (cash, short term investments, and other investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.30 576.85 Td (40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.30 576.85 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 576.85 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 576.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 576.85 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 564.55 Td (Gross investment income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 564.55 Td (941) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 564.55 Td (871) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 564.55 Td (776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 564.55 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 564.55 Td (95) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 553.55 Td (Investment expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.60 553.55 Td (\(18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 553.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.60 553.55 Td (\(20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 553.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.60 553.55 Td (\(16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 553.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 553.55 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 553.55 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 553.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 541.83 Td (Net investment income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 541.85 Td (923) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 541.85 Td (851) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 541.85 Td (760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 541.85 Td (72) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 541.85 Td (91) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 517.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 121.55 517.10 Td (net ) Tj ET Q q 0 0 0 rg BT 136.27 517.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 182.65 517.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 211.25 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.64 517.10 Td (AAUM ) Tj ET Q q 0 0 0 rg BT 260.69 517.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.85 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.57 517.10 Td (period ) Tj ET Q q 0 0 0 rg BT 317.62 517.10 Td (is ) Tj ET Q q 0 0 0 rg BT 326.79 517.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 378.16 517.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.99 517.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 421.49 517.10 Td (\(annualized\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 463.60 208.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 463.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 463.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 463.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 463.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 463.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 463.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 463.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 463.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 463.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 463.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 437.60 208.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 437.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 437.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 437.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 437.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 437.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 437.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 437.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 437.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 437.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 437.60 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 490.6 m 340.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 490.6 m 485.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 490.6 m 336.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 463.6 m 336.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 490.6 m 384.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 463.6 m 384.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 490.6 m 432.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 463.6 m 432.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 490.6 m 481.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 463.6 m 481.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 490.6 m 485.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 490.6 m 530.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 463.6 m 530.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 463.6 m 336.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 463.6 m 384.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 463.6 m 432.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 463.6 m 481.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 463.6 m 530.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 437.6 m 485.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 437.6 m 336.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 425.6 m 336.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 423.6 m 336.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 437.6 m 384.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 425.6 m 384.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 423.6 m 384.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 437.6 m 432.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 425.6 m 432.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 423.6 m 432.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 437.6 m 481.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 425.6 m 481.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 423.6 m 481.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 437.6 m 530.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 425.6 m 530.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 423.6 m 530.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 423.6 m 336.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 425.6 m 336.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 423.6 m 384.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 425.6 m 384.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 423.6 m 432.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 425.6 m 432.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 423.6 m 481.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 425.6 m 481.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 423.6 m 530.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 425.6 m 530.5 425.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.20 494.83 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.60 494.83 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.00 467.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.00 467.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.00 467.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 482.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.45 474.68 Td (compared) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.15 466.68 Td (to 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.50 482.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.45 474.68 Td (compared) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.15 466.68 Td (to 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 454.85 Td (Yield on AAUM \(at amortized cost\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.65 454.85 Td (4.92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.30 454.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.65 454.85 Td (4.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.25 454.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.65 454.85 Td (4.64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.25 454.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.25 454.85 Td (0.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 454.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.25 454.85 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 454.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 441.85 Td (Less: Interest credited and option cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.95 441.85 Td (\(2.65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.65 441.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.95 441.85 Td (\(2.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.65 441.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.95 441.85 Td (\(2.94) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.65 441.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.25 441.85 Td (0.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 441.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.25 441.85 Td (0.11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 441.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 428.85 Td (Net investment spread) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.65 428.85 Td (2.27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.30 428.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.65 428.85 Td (1.97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.25 428.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.65 428.85 Td (1.70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.25 428.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.25 428.85 Td (0.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 428.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.25 428.85 Td (0.27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 428.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 406.85 Td (AAUM) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.00 406.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.60 406.85 Td (18,738) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.00 406.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.60 406.85 Td (17,722) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 406.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.60 406.85 Td (16,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.00 406.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.25 406.85 Td (1,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.00 406.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 406.85 Td (1,368) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 372.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 372.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.99 372.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.74 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.18 372.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.40 372.10 Td (net ) Tj ET Q q 0 0 0 rg BT 191.06 372.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 236.39 372.10 Td (income ) Tj ET Q q 0 0 0 rg BT 267.26 372.10 Td (\("NII"\) ) Tj ET Q q 0 0 0 rg BT 297.41 372.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.18 372.10 Td ($72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.18 372.10 Td (, ) Tj ET Q q 0 0 0 rg BT 326.12 372.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.90 372.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.23 372.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.17 372.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.05 372.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 399.38 372.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.38 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.82 372.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.04 372.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 455.37 372.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.37 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.81 372.10 Td (was ) Tj ET Q q 0 0 0 rg BT 493.80 372.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 360.10 Td (due ) Tj ET Q q 0 0 0 rg BT 134.25 360.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 173.71 360.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.68 360.10 Td (AAUM ) Tj ET Q q 0 0 0 rg BT 217.05 360.10 Td (\(volume\) ) Tj ET Q q 0 0 0 rg BT 256.52 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.78 360.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 303.23 360.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 329.94 360.10 Td (\(rate\). ) Tj ET Q q 0 0 0 rg BT 359.19 360.10 Td (The ) Tj ET Q q 0 0 0 rg BT 377.55 360.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 410.36 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.61 360.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 445.41 360.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 484.87 360.10 Td (period ) Tj ET Q q 0 0 0 rg BT 513.23 360.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 348.10 Td (period ) Tj ET Q q 0 0 0 rg BT 145.70 348.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 180.50 348.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.43 348.10 Td (net ) Tj ET Q q 0 0 0 rg BT 206.79 348.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 253.83 348.10 Td (income ) Tj ET Q q 0 0 0 rg BT 286.41 348.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 317.89 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.37 348.10 Td ($49 ) Tj ET Q q 0 0 0 rg BT 347.52 348.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.11 348.10 Td ($23, ) Tj ET Q q 0 0 0 rg BT 385.75 348.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 433.42 348.10 Td (. ) Tj ET Q q 0 0 0 rg BT 438.84 348.10 Td (The ) Tj ET Q q 0 0 0 rg BT 457.53 348.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 493.44 348.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.37 348.10 Td (earned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 336.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 143.60 336.10 Td (was ) Tj ET Q q 0 0 0 rg BT 161.86 336.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 201.78 336.10 Td (due ) Tj ET Q q 0 0 0 rg BT 218.92 336.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.41 336.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 257.67 336.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 288.14 336.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 325.84 336.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 352.44 336.10 Td (from ) Tj ET Q q 0 0 0 rg BT 374.59 336.10 Td (repositioning ) Tj ET Q q 0 0 0 rg BT 430.07 336.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 468.88 336.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 513.24 336.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.72 324.10 Td (past ) Tj ET Q q 0 0 0 rg BT 152.33 324.10 Td (year ) Tj ET Q q 0 0 0 rg BT 173.04 324.10 Td (as ) Tj ET Q q 0 0 0 rg BT 184.87 324.10 Td (well ) Tj ET Q q 0 0 0 rg BT 205.58 324.10 Td (as ) Tj ET Q q 0 0 0 rg BT 217.42 324.10 Td (an ) Tj ET Q q 0 0 0 rg BT 230.35 324.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 266.61 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.89 324.10 Td (income ) Tj ET Q q 0 0 0 rg BT 310.82 324.10 Td (from ) Tj ET Q q 0 0 0 rg BT 333.76 324.10 Td (tender ) Tj ET Q q 0 0 0 rg BT 362.25 324.10 Td (of) Tj ET Q q 0 0 0 rg BT 370.40 324.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 385.00 324.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 442.37 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.31 324.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 483.81 324.10 Td (prepayment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 312.10 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 293.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 293.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.75 293.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.70 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.19 293.10 Td (AAUM ) Tj ET Q q 0 0 0 rg BT 211.95 293.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.48 293.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 234.68 293.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.79 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.99 293.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.52 293.10 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.85 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.05 293.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.69 293.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 336.78 293.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.78 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 358.98 293.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.95 293.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 395.04 293.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.04 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.24 293.10 Td (was ) Tj ET Q q 0 0 0 rg BT 434.99 293.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 474.40 293.10 Td (due ) Tj ET Q q 0 0 0 rg BT 491.04 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.02 293.10 Td (annuity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 281.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 138.94 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.88 281.10 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 183.94 281.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 234.22 281.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 262.82 281.10 Td (based ) Tj ET Q q 0 0 0 rg BT 288.08 281.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 310.02 281.10 Td (over ) Tj ET Q q 0 0 0 rg BT 330.29 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.01 281.10 Td (past ) Tj ET Q q 0 0 0 rg BT 363.62 281.10 Td (year ) Tj ET Q q 0 0 0 rg BT 383.32 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.26 281.10 Td (stable ) Tj ET Q q 0 0 0 rg BT 426.09 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.37 281.10 Td (force ) Tj ET Q q 0 0 0 rg BT 459.40 281.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 497.44 281.10 Td (trends.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 262.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 262.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.47 262.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.22 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.14 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.84 262.10 Td (net ) Tj ET Q q 0 0 0 rg BT 196.98 262.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 243.78 262.10 Td (income ) Tj ET Q q 0 0 0 rg BT 276.14 262.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.39 262.10 Td ($91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.39 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 307.81 262.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.06 262.10 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.39 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 342.82 262.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.18 262.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 391.98 262.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.98 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.90 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.60 262.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 452.41 262.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 475.33 262.10 Td (was ) Tj ET Q q 0 0 0 rg BT 493.81 262.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 250.10 Td (due ) Tj ET Q q 0 0 0 rg BT 133.92 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.17 250.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 171.65 250.10 Td (AAUM ) Tj ET Q q 0 0 0 rg BT 204.69 250.10 Td (\(volume\) ) Tj ET Q q 0 0 0 rg BT 243.82 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.74 250.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 288.76 250.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 317.88 250.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 344.25 250.10 Td (\(rate\), ) Tj ET Q q 0 0 0 rg BT 370.87 250.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 398.90 250.10 Td (by ) Tj ET Q q 0 0 0 rg BT 411.38 250.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 439.40 250.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 469.64 250.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 507.11 250.10 Td (yields ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 238.10 Td (from ) Tj ET Q q 0 0 0 rg BT 138.94 238.10 Td (repositioning ) Tj ET Q q 0 0 0 rg BT 194.21 238.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 232.81 238.10 Td (completed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 217.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 217.10 Td (The ) Tj ET Q q 0 0 0 rg BT 134.81 217.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 169.82 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.36 217.10 Td (AAUM ) Tj ET Q q 0 0 0 rg BT 212.17 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.76 217.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 235.02 217.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 263.39 217.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.98 217.10 Td (8% ) Tj ET Q q 0 0 0 rg BT 289.57 217.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.26 217.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 337.41 217.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.41 217.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.67 217.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.70 217.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 395.85 217.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.85 217.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.11 217.10 Td (was ) Tj ET Q q 0 0 0 rg BT 435.92 217.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 475.39 217.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 503.19 217.10 Td (by ) Tj ET Q q 0 0 0 rg BT 515.45 217.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 531.01 217.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 205.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 138.94 205.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 169.77 205.10 Td (over ) Tj ET Q q 0 0 0 rg BT 190.04 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.75 205.10 Td (year ) Tj ET Q q 0 0 0 rg BT 224.46 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.40 205.10 Td (stable ) Tj ET Q q 0 0 0 rg BT 267.22 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.50 205.10 Td (force ) Tj ET Q q 0 0 0 rg BT 300.54 205.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 338.58 205.10 Td (trends.) Tj ET Q endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (65) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 97.94 742.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 144.88 742.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 169.61 742.25 Td (\(losses\)) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 721.25 Td (Below is a summary of the major components included in net investment gains \(losses\) for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.26 721.25 Td (Fiscal 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.65 721.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 709.25 Td (Fiscal 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.39 709.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.33 709.25 Td (Fiscal 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.71 709.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 647.75 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 647.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 647.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 647.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 647.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 647.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 647.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 647.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 647.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 647.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 647.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 617.75 225.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 617.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 617.75 41.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 617.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 617.75 41.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 617.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 617.75 41.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 617.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 617.75 41.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 617.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 617.75 41.00 -17.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 676.75 m 351.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 676.75 m 355.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 676.75 m 396.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 676.75 m 400.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 676.75 m 441.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 676.75 m 486.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 676.75 m 490.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 676.75 m 531.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 647.75 m 351.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 647.75 m 396.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 647.75 m 441.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 676.75 m 486.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 647.75 m 486.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 676.75 m 531.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 647.75 m 531.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 647.75 m 351.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 647.75 m 396.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 647.75 m 441.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 647.75 m 486.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 647.75 m 531.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 600.75 m 351.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 588.75 m 351.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 586.75 m 351.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 600.75 m 396.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 588.75 m 396.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 586.75 m 396.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 600.75 m 441.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 588.75 m 441.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 586.75 m 441.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 600.75 m 486.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 588.75 m 486.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 586.75 m 486.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 600.75 m 531.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 588.75 m 531.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 586.75 m 531.5 586.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.70 680.98 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.60 680.98 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.50 651.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.50 651.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.50 651.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.50 667.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.45 659.98 Td (compared) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.15 651.98 Td (to 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.50 667.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.45 659.98 Td (compared) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.15 651.98 Td (to 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 639.00 Td (Net realized \(losses\) gains on available-for) Tj ET Q q 0 0 0 rg BT 220.89 639.00 Td (-sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.60 639.00 Td (\(14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.30 639.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.60 639.00 Td (\(22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 639.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.25 639.00 Td (103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 639.00 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.00 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 639.00 Td (\(125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 639.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 626.70 Td (Realized and unrealized gains \(losses\) on certain derivative ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 618.75 Td (instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.30 622.00 Td (82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.60 622.00 Td (\(107) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 622.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.25 622.00 Td (246) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.25 622.00 Td (189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 622.00 Td (\(353) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 622.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 605.00 Td (Change in fair value of reinsurance related embedded derivative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.60 605.00 Td (\(49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.30 605.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 605.00 Td (92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.60 605.00 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.30 605.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 605.00 Td (\(141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.30 605.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 605.00 Td (134) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 591.98 Td (Net investment gains \(losses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 592.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.30 592.00 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 592.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.60 592.00 Td (\(37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 592.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 592.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.25 592.00 Td (307) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 592.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 592.00 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.00 592.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 592.00 Td (\(344) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 592.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81 567.9169921875 m 230.8876953125 567.9169921875 l s q 0 0 0 rg BT 81.00 569.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 108.50 569.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 131.00 569.25 Td (compar) Tj ET Q q 0 0 0 rg BT 161.18 569.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 173.11 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.39 569.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 210.89 569.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 550.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 550.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.41 550.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.17 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 169.04 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.68 550.25 Td (net ) Tj ET Q q 0 0 0 rg BT 192.77 550.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 238.52 550.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 261.49 550.25 Td (on ) Tj ET Q q 0 0 0 rg BT 273.36 550.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 324.24 550.25 Td (-sale ) Tj ET Q q 0 0 0 rg BT 344.98 550.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 384.61 550.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.81 550.25 Td ($8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.81 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 406.68 550.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.99 550.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 453.74 550.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.74 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 475.61 550.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.25 550.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 511.01 550.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 538.25 Td (was ) Tj ET Q q 0 0 0 rg BT 134.88 538.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 174.41 538.25 Td (due ) Tj ET Q q 0 0 0 rg BT 191.17 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 197.94 538.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 234.68 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.78 538.25 Td (impairments ) Tj ET Q q 0 0 0 rg BT 297.09 538.25 Td (year ) Tj ET Q q 0 0 0 rg BT 316.62 538.25 Td (over ) Tj ET Q q 0 0 0 rg BT 336.72 538.25 Td (year) Tj ET Q q 0 0 0 rg BT 353.52 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 358.35 538.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 393.99 538.25 Td (of) Tj ET Q q 0 0 0 rg BT 402.14 538.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 418.90 538.25 Td (by ) Tj ET Q q 0 0 0 rg BT 431.23 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 437.99 538.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 474.73 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.83 538.25 Td (net ) Tj ET Q q 0 0 0 rg BT 499.37 538.25 Td (realized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 526.25 Td (gains, ) Tj ET Q q 0 0 0 rg BT 142.81 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 153.34 526.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 179.43 526.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 201.63 526.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 238.80 526.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 269.33 526.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 292.64 526.25 Td (from ) Tj ET Q q 0 0 0 rg BT 314.28 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 329.81 526.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 344.23 526.25 Td (planning ) Tj ET Q q 0 0 0 rg BT 381.42 526.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 415.28 526.25 Td (initiated ) Tj ET Q q 0 0 0 rg BT 450.25 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 460.23 526.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 484.93 526.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 511.02 526.25 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 514.25 Td (net ) Tj ET Q q 0 0 0 rg BT 131.92 514.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 166.27 514.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 192.87 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 205.58 514.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 256.45 514.25 Td (-sale ) Tj ET Q q 0 0 0 rg BT 278.04 514.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 318.51 514.25 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.54 514.25 Td ($44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.54 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 372.25 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.28 514.25 Td (net ) Tj ET Q q 0 0 0 rg BT 398.21 514.25 Td (impairments, ) Tj ET Q q 0 0 0 rg BT 453.40 514.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 493.32 514.25 Td (related ) Tj ET Q q 0 0 0 rg BT 523.23 514.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 502.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 136.81 502.25 Td (participations ) Tj ET Q q 0 0 0 rg BT 193.83 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.85 502.25 Td (Salus ) Tj ET Q q 0 0 0 rg BT 235.12 502.25 Td (CLO. ) Tj ET Q q 0 0 0 rg BT 260.21 502.25 Td (Comparatively) Tj ET Q q 0 0 0 rg BT 318.98 502.25 Td (, ) Tj ET Q q 0 0 0 rg BT 324.08 502.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 350.55 502.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 373.14 502.25 Td (net ) Tj ET Q q 0 0 0 rg BT 387.95 502.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 422.18 502.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 448.66 502.25 Td (on ) Tj ET Q q 0 0 0 rg BT 461.25 502.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 512.13 502.25 Td (-sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 490.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 158.59 490.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 195.74 490.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.89 490.25 Td ($82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.89 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.72 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.88 490.25 Td (net ) Tj ET Q q 0 0 0 rg BT 254.92 490.25 Td (impairments ) Tj ET Q q 0 0 0 rg BT 308.73 490.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 349.77 490.25 Td (related ) Tj ET Q q 0 0 0 rg BT 380.80 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.40 490.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 418.99 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.25 490.25 Td (indirect ) Tj ET Q q 0 0 0 rg BT 471.62 490.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 523.22 490.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 478.25 Td (RadioShack ) Tj ET Q q 0 0 0 rg BT 168.13 478.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 219.26 478.25 Td (\("RSH"\), ) Tj ET Q q 0 0 0 rg BT 258.84 478.25 Td (which ) Tj ET Q q 0 0 0 rg BT 286.08 478.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 307.21 478.25 Td (for ) Tj ET Q q 0 0 0 rg BT 321.67 478.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 369.46 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.04 478.25 Td (February ) Tj ET Q q 0 0 0 rg BT 418.94 478.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 444.24 478.25 Td (as ) Tj ET Q q 0 0 0 rg BT 455.37 478.25 Td (well ) Tj ET Q q 0 0 0 rg BT 475.39 478.25 Td (as ) Tj ET Q q 0 0 0 rg BT 486.53 478.25 Td (Salus ) Tj ET Q q 0 0 0 rg BT 511.00 478.25 Td (CLO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 466.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 145.62 466.25 Td (investment. ) Tj ET Q q 0 0 0 rg BT 193.95 466.25 Td (Refer ) Tj ET Q q 0 0 0 rg BT 218.11 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.83 466.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 275.88 466.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 322.27 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.00 466.25 Td ("Note ) Tj ET Q q 0 0 0 rg BT 357.47 466.25 Td (4. ) Tj ET Q q 0 0 0 rg BT 366.92 466.25 Td (Investments" ) Tj ET Q q 0 0 0 rg BT 421.28 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.56 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 446.84 466.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 478.23 466.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 454.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 156.71 454.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 203.09 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 217.25 454.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 259.74 454.25 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 433.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 433.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 134.15 433.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 168.51 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.67 433.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 230.02 433.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 253.85 433.25 Td (on ) Tj ET Q q 0 0 0 rg BT 266.56 433.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 296.48 433.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 339.18 433.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 388.56 433.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.03 433.25 Td ($189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.03 433.25 Td ( ) Tj ET Q q 0 0 0 rg BT 451.75 433.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.90 433.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 500.51 433.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.51 433.25 Td ( ) Tj ET Q q 0 0 0 rg BT 523.22 433.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 421.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 143.39 421.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.39 421.25 Td (. ) Tj ET Q q 0 0 0 rg BT 168.39 421.25 Td (See ) Tj ET Q q 0 0 0 rg BT 185.33 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.04 421.25 Td (table ) Tj ET Q q 0 0 0 rg BT 221.98 421.25 Td (below ) Tj ET Q q 0 0 0 rg BT 248.91 421.25 Td (for ) Tj ET Q q 0 0 0 rg BT 263.07 421.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 297.23 421.25 Td (drivers ) Tj ET Q q 0 0 0 rg BT 327.50 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.33 421.25 Td (this ) Tj ET Q q 0 0 0 rg BT 355.28 421.25 Td (increase. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 402.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 402.25 Td (Partially ) Tj ET Q q 0 0 0 rg BT 154.22 402.25 Td (of) Tj ET Q q 0 0 0 rg BT 162.37 402.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 195.71 402.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.26 402.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.02 402.25 Td ( ) Tj ET Q q 0 0 0 rg BT 247.36 402.25 Td (in ) Tj ET Q q 0 0 0 rg BT 258.47 402.25 Td (net ) Tj ET Q q 0 0 0 rg BT 274.03 402.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 321.25 402.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 345.70 402.25 Td (on ) Tj ET Q q 0 0 0 rg BT 359.04 402.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 409.92 402.25 Td (-sale ) Tj ET Q q 0 0 0 rg BT 432.14 402.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 473.24 402.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.02 402.25 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 390.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 167.04 390.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.86 390.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 217.13 390.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.13 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.51 390.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.66 390.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 278.93 390.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.93 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.31 390.25 Td (was ) Tj ET Q q 0 0 0 rg BT 321.24 390.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.06 390.25 Td ($141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.06 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 352.43 390.25 Td (period ) Tj ET Q q 0 0 0 rg BT 381.36 390.25 Td (over ) Tj ET Q q 0 0 0 rg BT 402.51 390.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.43 390.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.85 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.23 390.25 Td (in ) Tj ET Q q 0 0 0 rg BT 480.38 390.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 497.64 390.25 Td (value ) Tj ET Q q 0 0 0 rg BT 522.67 390.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 378.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 166.12 378.25 Td (related ) Tj ET Q q 0 0 0 rg BT 196.36 378.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 240.49 378.25 Td (derivative, ) Tj ET Q q 0 0 0 rg BT 286.01 378.25 Td (which ) Tj ET Q q 0 0 0 rg BT 313.48 378.25 Td (is ) Tj ET Q q 0 0 0 rg BT 323.19 378.25 Td (based ) Tj ET Q q 0 0 0 rg BT 349.00 378.25 Td (on ) Tj ET Q q 0 0 0 rg BT 362.03 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.29 378.25 Td (change ) Tj ET Q q 0 0 0 rg BT 408.64 378.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.46 378.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 436.37 378.25 Td (value ) Tj ET Q q 0 0 0 rg BT 461.06 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.43 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.68 378.25 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 366.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 144.12 366.25 Td (held ) Tj ET Q q 0 0 0 rg BT 165.13 366.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.70 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.71 366.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 218.72 366.25 Td (withheld ) Tj ET Q q 0 0 0 rg BT 257.50 366.25 Td (\("FWH"\) ) Tj ET Q q 0 0 0 rg BT 298.34 366.25 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 339.63 366.25 Td (Specifically) Tj ET Q q 0 0 0 rg BT 386.74 366.25 Td (, ) Tj ET Q q 0 0 0 rg BT 393.03 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.04 366.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 458.91 366.25 Td (related ) Tj ET Q q 0 0 0 rg BT 489.90 366.25 Td (embedded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 354.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 158.96 354.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.35 354.25 Td ($49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.35 354.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.33 354.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.42 354.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 271.29 354.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.29 354.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.27 354.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 330.24 354.25 Td (from ) Tj ET Q q 0 0 0 rg BT 351.66 354.25 Td (an ) Tj ET Q q 0 0 0 rg BT 363.08 354.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 397.82 354.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.57 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.77 354.25 Td (net ) Tj ET Q q 0 0 0 rg BT 435.97 354.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 479.59 354.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 498.78 354.25 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 342.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.91 342.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.70 342.25 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 176.07 342.25 Td (FWH ) Tj ET Q q 0 0 0 rg BT 201.87 342.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 240.45 342.25 Td (during ) Tj ET Q q 0 0 0 rg BT 270.13 342.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.93 342.25 Td (year) Tj ET Q q 0 0 0 rg BT 302.74 342.25 Td (, ) Tj ET Q q 0 0 0 rg BT 308.81 342.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 349.60 342.25 Td (due ) Tj ET Q q 0 0 0 rg BT 367.62 342.25 Td (to ) Tj ET Q q 0 0 0 rg BT 378.98 342.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 419.76 342.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 455.00 342.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 485.23 342.25 Td (market ) Tj ET Q q 0 0 0 rg BT 516.57 342.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 330.25 Td (commodities ) Tj ET Q q 0 0 0 rg BT 170.71 330.25 Td (price ) Tj ET Q q 0 0 0 rg BT 192.75 330.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 240.91 330.25 Td (during ) Tj ET Q q 0 0 0 rg BT 269.07 330.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.34 330.25 Td (current ) Tj ET Q q 0 0 0 rg BT 313.71 330.25 Td (year) Tj ET Q q 0 0 0 rg BT 330.36 330.25 Td (. ) Tj ET Q q 0 0 0 rg BT 334.92 330.25 Td (Comparatively) Tj ET Q q 0 0 0 rg BT 393.70 330.25 Td (, ) Tj ET Q q 0 0 0 rg BT 398.25 330.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.52 330.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 460.66 330.25 Td (related ) Tj ET Q q 0 0 0 rg BT 489.91 330.25 Td (embedded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 318.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 159.83 318.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.44 318.25 Td ($92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.44 318.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.29 318.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.92 318.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.98 318.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 270.72 318.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.72 318.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.57 318.25 Td (as ) Tj ET Q q 0 0 0 rg BT 304.75 318.25 Td (a ) Tj ET Q q 0 0 0 rg BT 312.04 318.25 Td (result ) Tj ET Q q 0 0 0 rg BT 337.11 318.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.29 318.25 Td (a ) Tj ET Q q 0 0 0 rg BT 355.58 318.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 392.84 318.25 Td (in ) Tj ET Q q 0 0 0 rg BT 403.47 318.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 420.20 318.25 Td (value ) Tj ET Q q 0 0 0 rg BT 444.70 318.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.88 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.95 318.25 Td (FWH ) Tj ET Q q 0 0 0 rg BT 496.02 318.25 Td (portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 306.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 156.63 306.25 Td (due ) Tj ET Q q 0 0 0 rg BT 173.48 306.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.67 306.25 Td (an ) Tj ET Q q 0 0 0 rg BT 195.52 306.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 230.69 306.25 Td (in ) Tj ET Q q 0 0 0 rg BT 240.88 306.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 266.06 306.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 298.46 306.25 Td (during ) Tj ET Q q 0 0 0 rg BT 326.98 306.25 Td (a ) Tj ET Q q 0 0 0 rg BT 333.84 306.25 Td (period ) Tj ET Q q 0 0 0 rg BT 361.80 306.25 Td (characterized ) Tj ET Q q 0 0 0 rg BT 417.50 306.25 Td (by ) Tj ET Q q 0 0 0 rg BT 429.91 306.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 470.08 306.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 508.60 306.25 Td (in ) Tj ET Q q 0 0 0 rg BT 518.79 306.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 294.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 145.91 294.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 182.16 294.25 Td (The ) Tj ET Q q 0 0 0 rg BT 199.97 294.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 229.44 294.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.03 294.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 288.37 294.25 Td (related ) Tj ET Q q 0 0 0 rg BT 317.84 294.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 361.19 294.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 403.43 294.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 426.80 294.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 459.61 294.25 Td (is ) Tj ET Q q 0 0 0 rg BT 468.54 294.25 Td (lar) Tj ET Q q 0 0 0 rg BT 478.90 294.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 498.38 294.25 Td (of) Tj ET Q q 0 0 0 rg BT 506.53 294.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 523.23 294.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 282.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 170.13 282.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.11 282.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 201.08 282.25 Td (as ) Tj ET Q q 0 0 0 rg BT 212.39 282.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.58 282.25 Td (change ) Tj ET Q q 0 0 0 rg BT 258.87 282.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.62 282.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.81 282.25 Td (net ) Tj ET Q q 0 0 0 rg BT 300.00 282.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 344.62 282.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 368.70 282.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 402.23 282.25 Td (on ) Tj ET Q q 0 0 0 rg BT 415.21 282.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.40 282.25 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 461.17 282.25 Td (FWH ) Tj ET Q q 0 0 0 rg BT 486.36 282.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 524.33 282.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 270.25 Td (included ) Tj ET Q q 0 0 0 rg BT 153.93 270.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.66 270.25 Td (AOCI.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81 249.9169921875 m 230.8876953125 249.9169921875 l s q 0 0 0 rg BT 81.00 251.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 108.50 251.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 131.00 251.25 Td (compar) Tj ET Q q 0 0 0 rg BT 161.18 251.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 173.11 251.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.39 251.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 210.89 251.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 232.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 232.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.68 232.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.09 232.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.22 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.13 232.25 Td (net ) Tj ET Q q 0 0 0 rg BT 199.47 232.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 246.48 232.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 270.72 232.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.18 232.25 Td ($344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.18 232.25 Td ( ) Tj ET Q q 0 0 0 rg BT 305.31 232.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.88 232.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 354.89 232.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.89 232.25 Td ( ) Tj ET Q q 0 0 0 rg BT 378.02 232.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.93 232.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 415.94 232.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.94 232.25 Td ( ) Tj ET Q q 0 0 0 rg BT 439.07 232.25 Td (was ) Tj ET Q q 0 0 0 rg BT 457.75 232.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 498.09 232.25 Td (due ) Tj ET Q q 0 0 0 rg BT 515.66 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.57 232.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 220.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 147.76 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.43 220.25 Td (net ) Tj ET Q q 0 0 0 rg BT 171.54 220.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 205.07 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.39 220.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 264.92 220.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 287.92 220.25 Td (on ) Tj ET Q q 0 0 0 rg BT 299.81 220.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 328.90 220.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 370.77 220.25 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 421.83 220.25 Td (See ) Tj ET Q q 0 0 0 rg BT 438.16 220.25 Td (table ) Tj ET Q q 0 0 0 rg BT 459.48 220.25 Td (below ) Tj ET Q q 0 0 0 rg BT 485.81 220.25 Td (for ) Tj ET Q q 0 0 0 rg BT 499.36 220.25 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 208.25 Td (drivers ) Tj ET Q q 0 0 0 rg BT 146.88 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.32 208.25 Td (this ) Tj ET Q q 0 0 0 rg BT 173.88 208.25 Td (decline. ) Tj ET Q q 0 0 0 rg BT 206.90 208.25 Td (Also ) Tj ET Q q 0 0 0 rg BT 227.90 208.25 Td (contributing ) Tj ET Q q 0 0 0 rg BT 278.90 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.79 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.12 208.25 Td (year ) Tj ET Q q 0 0 0 rg BT 322.43 208.25 Td (over ) Tj ET Q q 0 0 0 rg BT 342.31 208.25 Td (year ) Tj ET Q q 0 0 0 rg BT 361.63 208.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 398.16 208.25 Td (were ) Tj ET Q q 0 0 0 rg BT 419.70 208.25 Td (net ) Tj ET Q q 0 0 0 rg BT 434.03 208.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 458.90 208.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 507.11 208.25 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 196.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.33 196.25 Td ($82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.33 196.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.32 196.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.43 196.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 202.31 196.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.31 196.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.31 196.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 265.52 196.25 Td (related ) Tj ET Q q 0 0 0 rg BT 295.72 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 306.49 196.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 332.25 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.69 196.25 Td (indirect ) Tj ET Q q 0 0 0 rg BT 383.23 196.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 434.00 196.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.78 196.25 Td (RSH. ) Tj ET Q q 0 0 0 rg BT 469.73 196.25 Td (Comparatively) Tj ET Q q 0 0 0 rg BT 528.50 196.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 184.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 144.46 184.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 168.03 184.25 Td (included ) Tj ET Q q 0 0 0 rg BT 206.03 184.25 Td (net ) Tj ET Q q 0 0 0 rg BT 221.82 184.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 257.03 184.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 281.71 184.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.61 184.25 Td ($103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.61 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.18 184.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 357.97 184.25 Td (related ) Tj ET Q q 0 0 0 rg BT 388.74 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.09 184.25 Td (our ) Tj ET Q q 0 0 0 rg BT 416.99 184.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 432.78 184.25 Td (planning ) Tj ET Q q 0 0 0 rg BT 471.34 184.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 506.57 184.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 172.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 150.88 172.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.88 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.32 172.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 193.09 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.65 172.25 Td (net ) Tj ET Q q 0 0 0 rg BT 218.09 172.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 261.95 172.25 Td (built-in ) Tj ET Q q 0 0 0 rg BT 293.62 172.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 313.06 172.25 Td (\("NUBIG"\) ) Tj ET Q q 0 0 0 rg BT 361.78 172.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 387.33 172.25 Td (suf) Tj ET Q q 0 0 0 rg BT 399.37 172.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 427.14 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.14 172.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 473.23 172.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 496.56 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.56 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.78 172.25 Td (allow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 160.25 Td (for ) Tj ET Q q 0 0 0 rg BT 131.16 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.88 160.25 Td (utilization ) Tj ET Q q 0 0 0 rg BT 188.92 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.75 160.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 228.90 160.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 246.97 160.25 Td (carry ) Tj ET Q q 0 0 0 rg BT 270.00 160.25 Td (forwards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 141.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 141.25 Td (Partially ) Tj ET Q q 0 0 0 rg BT 154.08 141.25 Td (of) Tj ET Q q 0 0 0 rg BT 162.23 141.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 195.43 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.85 141.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 248.47 141.25 Td (in ) Tj ET Q q 0 0 0 rg BT 259.45 141.25 Td (net ) Tj ET Q q 0 0 0 rg BT 274.87 141.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 321.95 141.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 346.26 141.25 Td (on ) Tj ET Q q 0 0 0 rg BT 359.46 141.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 410.34 141.25 Td (-sale ) Tj ET Q q 0 0 0 rg BT 432.42 141.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 473.39 141.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.03 141.25 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 129.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 167.08 129.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.94 129.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 217.24 129.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.24 129.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.66 129.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.86 129.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 279.16 129.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.16 129.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.58 129.25 Td (was ) Tj ET Q q 0 0 0 rg BT 321.55 129.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.41 129.25 Td ($134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.41 129.25 Td ( ) Tj ET Q q 0 0 0 rg BT 352.83 129.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 389.00 129.25 Td (in ) Tj ET Q q 0 0 0 rg BT 400.19 129.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 417.49 129.25 Td (value ) Tj ET Q q 0 0 0 rg BT 442.56 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.31 129.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 503.81 129.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 117.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 161.63 117.25 Td (derivative. ) Tj ET Q q 0 0 0 rg BT 207.65 117.25 Td (Specifically) Tj ET Q q 0 0 0 rg BT 254.76 117.25 Td (, ) Tj ET Q q 0 0 0 rg BT 260.80 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.55 117.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 326.17 117.25 Td (related ) Tj ET Q q 0 0 0 rg BT 356.91 117.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 401.54 117.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 445.06 117.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.35 117.25 Td ($92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.35 117.25 Td ( ) Tj ET Q q 0 0 0 rg BT 504.89 117.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 105.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 142.41 105.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.41 105.25 Td ( ) Tj ET Q q 0 0 0 rg BT 163.94 105.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 181.56 105.25 Td (above ) Tj ET Q q 0 0 0 rg BT 206.97 105.25 Td (for ) Tj ET Q q 0 0 0 rg BT 220.15 105.25 Td (driver ) Tj ET Q q 0 0 0 rg BT 245.55 105.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.41 105.25 Td (increase\). ) Tj ET Q q 0 0 0 rg BT 295.52 105.25 Td (Comparatively) Tj ET Q q 0 0 0 rg BT 354.30 105.25 Td (, ) Tj ET Q q 0 0 0 rg BT 358.33 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.07 105.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 419.68 105.25 Td (related ) Tj ET Q q 0 0 0 rg BT 448.41 105.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 491.03 105.25 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 93.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.40 93.25 Td ($42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.40 93.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.39 93.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.15 93.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 211.02 93.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.02 93.25 Td ( ) Tj ET Q q 0 0 0 rg BT 233.01 93.25 Td (due ) Tj ET Q q 0 0 0 rg BT 249.44 93.25 Td (to ) Tj ET Q q 0 0 0 rg BT 259.20 93.25 Td (a ) Tj ET Q q 0 0 0 rg BT 265.63 93.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 302.03 93.25 Td (in ) Tj ET Q q 0 0 0 rg BT 311.79 93.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 331.42 93.25 Td (T) Tj ET Q q 0 0 0 rg BT 337.17 93.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 368.59 93.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 389.45 93.25 Td (during ) Tj ET Q q 0 0 0 rg BT 417.55 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.75 93.25 Td (year ) Tj ET Q q 0 0 0 rg BT 450.94 93.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.37 93.25 Td (a ) Tj ET Q q 0 0 0 rg BT 473.79 93.25 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 81.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 152.25 81.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.53 81.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.25 81.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 193.63 81.25 Td (value ) Tj ET Q q 0 0 0 rg BT 217.78 81.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.61 81.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.33 81.25 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 273.62 81.25 Td (FWH ) Tj ET Q q 0 0 0 rg BT 298.34 81.25 Td (portfolio. ) Tj ET Q endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 119.92 742.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 148.24 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.02 742.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 209.35 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.02 742.10 Td (static ) Tj ET Q q 0 0 0 rg BT 245.46 742.10 Td (\(call ) Tj ET Q q 0 0 0 rg BT 266.56 742.10 Td (options\) ) Tj ET Q q 0 0 0 rg BT 302.68 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.46 742.10 Td (dynamic ) Tj ET Q q 0 0 0 rg BT 358.23 742.10 Td (\(long ) Tj ET Q q 0 0 0 rg BT 382.68 742.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 413.79 742.10 Td (contracts\) ) Tj ET Q q 0 0 0 rg BT 456.55 742.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 506.55 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.67 742.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 115.45 730.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 146.46 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 150.70 730.10 Td (A) Tj ET Q q 0 0 0 rg BT 157.37 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.60 730.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 204.61 730.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 235.74 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.30 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.75 730.10 Td (call ) Tj ET Q q 0 0 0 rg BT 277.42 730.10 Td (options ) Tj ET Q q 0 0 0 rg BT 309.11 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.78 730.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 355.78 730.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 394.11 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 408.56 730.10 Td (based ) Tj ET Q q 0 0 0 rg BT 433.56 730.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 455.79 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.25 730.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 488.78 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.01 730.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 508.25 730.10 Td (Index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.28 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.00 718.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 159.03 718.10 Td (based ) Tj ET Q q 0 0 0 rg BT 184.30 718.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 206.80 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 229.84 718.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 257.34 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.28 718.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 296.78 718.10 Td (market ) Tj ET Q q 0 0 0 rg BT 327.04 718.10 Td (indices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 699.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.42 699.10 Td (components ) Tj ET Q q 0 0 0 rg BT 172.12 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.82 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.41 699.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 231.42 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.23 699.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 292.24 699.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 315.72 699.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.10 699.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 357.67 699.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 400.02 699.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 449.06 699.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 483.65 699.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.35 699.10 Td (indexed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 113.50 687.10 Td (products ) Tj ET Q q 0 0 0 rg BT 150.43 687.10 Td (are ) Tj ET Q q 0 0 0 rg BT 165.14 687.10 Td (as ) Tj ET Q q 0 0 0 rg BT 175.97 687.10 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 619.60 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 619.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 619.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 619.60 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 619.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 619.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 619.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 593.60 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 593.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 593.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 593.60 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 593.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 593.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 593.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 567.60 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 567.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 567.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 567.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 567.60 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 567.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 567.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 567.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 567.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 567.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 541.60 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 541.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 541.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 541.60 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 541.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 541.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 541.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 515.60 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 515.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 515.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 515.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 515.60 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 515.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 515.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 515.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 515.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 515.60 44.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 646.6 m 346.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 646.6 m 350.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 646.6 m 390.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 646.6 m 395.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 646.6 m 435.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 646.6 m 483.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 646.6 m 487.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 646.6 m 531.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 646.6 m 346.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 619.6 m 346.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 619.6 m 390.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 619.6 m 435.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 646.6 m 483.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 619.6 m 483.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 646.6 m 531.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 619.6 m 531.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 541.6 m 346.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 529.6 m 346.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 527.6 m 346.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 541.6 m 390.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 529.6 m 390.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 527.6 m 390.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 541.6 m 435.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 529.6 m 435.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 527.6 m 435.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 541.6 m 483.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 529.6 m 483.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 527.6 m 483.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 541.6 m 531.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 529.6 m 531.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 527.6 m 531.5 527.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.70 650.83 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.60 650.83 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.00 623.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.00 623.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.00 623.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 638.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.95 630.68 Td (compared) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.65 622.68 Td (to 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.00 638.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.95 630.68 Td (compared) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.65 622.68 Td (to 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 610.85 Td (Call Options:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 597.85 Td (\(Losses\) gains on option expiration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 597.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.60 597.85 Td (\(89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.30 597.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 597.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.65 597.85 Td (114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 597.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 597.85 Td (183) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 597.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 597.85 Td (\(203) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 597.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 597.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 597.85 Td (\(69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 597.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 584.85 Td (Change in unrealized gains \(losses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.30 584.85 Td (163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.95 584.85 Td (\(214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.65 584.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 584.85 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.25 584.85 Td (377) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.60 584.85 Td (\(251) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 584.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 571.85 Td (Futures contracts:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 558.85 Td (Gains \(losses\) on futures contracts expiration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.30 558.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.95 558.85 Td (\(6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.65 558.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 558.85 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.25 558.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 558.85 Td (\(32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 558.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 545.85 Td (Change in unrealized gains \(losses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.30 545.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.95 545.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.65 545.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 545.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 545.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 545.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 545.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 532.85 Td (Total net change in fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 532.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 532.85 Td (82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 532.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.95 532.85 Td (\(107) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.65 532.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 532.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 532.85 Td (246) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 532.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.25 532.85 Td (189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 532.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.60 532.85 Td (\(353) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 532.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 506.83 Td (Change in S&P 500 Index during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 506.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.30 506.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.95 506.85 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.65 506.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 506.85 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 506.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 482.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 482.10 Td (Realized ) Tj ET Q q 0 0 0 rg BT 154.14 482.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 177.42 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.02 482.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 220.07 482.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.23 482.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 261.60 482.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 303.74 482.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 352.57 482.10 Td (are ) Tj ET Q q 0 0 0 rg BT 366.94 482.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 399.65 482.10 Td (correlated ) Tj ET Q q 0 0 0 rg BT 441.78 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.72 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.10 482.10 Td (performances ) Tj ET Q q 0 0 0 rg BT 522.68 482.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.98 470.10 Td (indices ) Tj ET Q q 0 0 0 rg BT 163.06 470.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 185.82 470.10 Td (which ) Tj ET Q q 0 0 0 rg BT 213.02 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.00 470.10 Td (call ) Tj ET Q q 0 0 0 rg BT 245.19 470.10 Td (options ) Tj ET Q q 0 0 0 rg BT 277.40 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.60 470.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 325.13 470.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 363.98 470.10 Td (are ) Tj ET Q q 0 0 0 rg BT 378.95 470.10 Td (based ) Tj ET Q q 0 0 0 rg BT 404.48 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.68 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.65 470.10 Td (value ) Tj ET Q q 0 0 0 rg BT 461.07 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.16 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.14 470.10 Td (derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 458.10 Td (at ) Tj ET Q q 0 0 0 rg BT 126.37 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.73 458.10 Td (time ) Tj ET Q q 0 0 0 rg BT 160.66 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.14 458.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 213.83 458.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 255.40 458.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.33 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.70 458.10 Td (value ) Tj ET Q q 0 0 0 rg BT 303.50 458.10 Td (at ) Tj ET Q q 0 0 0 rg BT 312.87 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.24 458.10 Td (time ) Tj ET Q q 0 0 0 rg BT 347.16 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.64 458.10 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 397.35 458.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 447.25 458.10 Td (, ) Tj ET Q q 0 0 0 rg BT 451.90 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.27 458.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 482.30 458.10 Td (value ) Tj ET Q q 0 0 0 rg BT 506.10 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.58 458.10 Td (call ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 446.10 Td (options ) Tj ET Q q 0 0 0 rg BT 149.49 446.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.75 446.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 205.00 446.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 233.60 446.10 Td (by ) Tj ET Q q 0 0 0 rg BT 246.64 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.91 446.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 308.28 446.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 361.85 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.22 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.48 446.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 407.01 446.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.06 446.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 428.11 446.10 Td (index ) Tj ET Q q 0 0 0 rg BT 453.37 446.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 486.40 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.22 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.48 446.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 531.01 446.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 434.10 Td (index ) Tj ET Q q 0 0 0 rg BT 141.72 434.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.22 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.93 434.10 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 221.98 434.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 239.48 434.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 262.52 434.10 Td (during ) Tj ET Q q 0 0 0 rg BT 291.13 434.10 Td (each ) Tj ET Q q 0 0 0 rg BT 311.95 434.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 354.98 434.10 Td (year) Tj ET Q q 0 0 0 rg BT 371.63 434.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 413.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 135.01 413.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 170.22 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.46 413.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 210.13 413.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 252.57 413.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 301.69 413.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.59 413.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 349.94 413.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.94 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.40 413.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.64 413.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 408.99 413.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.99 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.45 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.35 413.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 485.22 413.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.12 413.10 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 401.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.00 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.37 401.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.51 401.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 175.77 401.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.77 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.13 401.10 Td (was ) Tj ET Q q 0 0 0 rg BT 216.05 401.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 255.63 401.10 Td (due ) Tj ET Q q 0 0 0 rg BT 272.44 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.58 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.17 401.10 Td (change ) Tj ET Q q 0 0 0 rg BT 327.85 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.00 401.10 Td (net ) Tj ET Q q 0 0 0 rg BT 352.58 401.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 386.59 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.39 401.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 447.40 401.10 Td (gains/\(losses\) ) Tj ET Q q 0 0 0 rg BT 504.21 401.10 Td (on ) Tj ET Q q 0 0 0 rg BT 516.57 401.10 Td (call ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 389.10 Td (options ) Tj ET Q q 0 0 0 rg BT 150.61 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.21 389.10 Td (future ) Tj ET Q q 0 0 0 rg BT 197.25 389.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 237.51 389.10 Td (during ) Tj ET Q q 0 0 0 rg BT 267.78 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.16 389.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 328.85 389.10 Td (years ) Tj ET Q q 0 0 0 rg BT 354.11 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.61 389.10 Td (well ) Tj ET Q q 0 0 0 rg BT 387.99 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 400.48 389.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 430.75 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.25 389.10 Td (option ) Tj ET Q q 0 0 0 rg BT 472.97 389.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 516.56 389.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 377.10 Td (expirations. ) Tj ET Q q 0 0 0 rg BT 166.69 377.10 Td (The ) Tj ET Q q 0 0 0 rg BT 185.21 377.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 203.74 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.71 377.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 224.69 377.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 250.43 377.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 377.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.48 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.46 377.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.54 377.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 368.40 377.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.40 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.87 377.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.26 377.10 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.59 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.56 377.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.64 377.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 508.50 377.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 377.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.75 365.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.82 365.10 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.15 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.47 365.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.89 365.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 249.09 365.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.09 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.40 365.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 289.27 365.10 Td (percentages ) Tj ET Q q 0 0 0 rg BT 338.77 365.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 363.30 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 377.83 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.58 365.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 408.55 365.10 Td (period ) Tj ET Q q 0 0 0 rg BT 436.41 365.10 Td (over ) Tj ET Q q 0 0 0 rg BT 456.49 365.10 Td (period ) Tj ET Q q 0 0 0 rg BT 484.35 365.10 Td (comparison ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.55 353.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 173.38 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.21 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.92 353.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 217.45 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.95 353.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 237.45 353.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 262.72 353.10 Td (only ) Tj ET Q q 0 0 0 rg BT 283.00 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.94 353.10 Td (do ) Tj ET Q q 0 0 0 rg BT 312.44 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 327.72 353.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 355.75 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.47 353.10 Td (change ) Tj ET Q q 0 0 0 rg BT 401.28 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 415.44 353.10 Td (each ) Tj ET Q q 0 0 0 rg BT 436.26 353.10 Td (option ) Tj ET Q q 0 0 0 rg BT 464.31 353.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 481.81 353.10 Td (date\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 329.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.05 329.10 Td (average ) Tj ET Q q 0 0 0 rg BT 132.63 329.10 Td (index ) Tj ET Q q 0 0 0 rg BT 157.35 329.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 186.50 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.78 329.10 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 253.71 329.10 Td (were ) Tj ET Q q 0 0 0 rg BT 275.64 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 286.47 329.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 267.60 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 267.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 267.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 267.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 267.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 267.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 267.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 267.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 267.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 267.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 267.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 241.60 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 241.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 241.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 241.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 241.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 241.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 241.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 241.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 241.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 241.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 241.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 215.60 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 215.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 215.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 215.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 215.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 215.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 215.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 215.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 215.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 215.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 215.60 49.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 296.6 m 323.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 296.6 m 327.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 296.6 m 369.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 296.6 m 373.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 296.6 m 424.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 296.6 m 477.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 296.6 m 481.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 296.6 m 530.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 267.6 m 323.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 267.6 m 369.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 267.6 m 424.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 296.6 m 477.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 267.6 m 477.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 296.6 m 530.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 267.6 m 530.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 267.6 m 323.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 267.6 m 369.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 267.6 m 424.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 267.6 m 477.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 267.6 m 530.5 267.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.70 300.83 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 300.83 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.00 271.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.00 271.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.50 271.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 287.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.10 279.83 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 271.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 287.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.10 279.83 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 271.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 258.85 Td (Average Crediting Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 258.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 258.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 258.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 258.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 258.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 258.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.95 258.85 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.65 258.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.95 258.85 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.65 258.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 245.85 Td (S&P 500 Index:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 232.85 Td (Point-to-point strategy) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 232.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 232.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 232.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 232.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 232.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 232.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.95 232.85 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.65 232.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.95 232.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.65 232.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 219.85 Td (Monthly average strategy) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 219.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 219.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 219.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 219.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 219.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 219.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.95 219.85 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.65 219.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.95 219.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.65 219.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 206.85 Td (Monthly point-to-point strategy) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 206.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 206.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 206.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 206.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 206.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 206.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.95 206.85 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.65 206.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.95 206.85 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.65 206.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 193.85 Td (3 year high water mark) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 193.85 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 193.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 193.85 Td (24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 193.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.30 193.85 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 193.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.95 193.85 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.65 193.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.65 193.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 193.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 166.10 Td (The ) Tj ET Q q 0 0 0 rg BT 135.37 166.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 164.86 166.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.34 166.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 206.06 166.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.06 166.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.38 166.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 258.10 166.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.93 166.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.19 166.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 324.91 166.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.91 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.73 166.10 Td (were ) Tj ET Q q 0 0 0 rg BT 369.99 166.10 Td (based ) Tj ET Q q 0 0 0 rg BT 395.58 166.10 Td (on ) Tj ET Q q 0 0 0 rg BT 408.41 166.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 454.00 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.05 166.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 487.58 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.40 166.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 508.23 166.10 Td (Index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 154.10 Td (on ) Tj ET Q q 0 0 0 rg BT 129.47 154.10 Td (each ) Tj ET Q q 0 0 0 rg BT 150.25 154.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 172.72 154.10 Td (date ) Tj ET Q q 0 0 0 rg BT 191.84 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.09 154.10 Td (these ) Tj ET Q q 0 0 0 rg BT 225.11 154.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 268.11 154.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 300.01 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.26 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.94 154.10 Td (same ) Tj ET Q q 0 0 0 rg BT 347.96 154.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 370.43 154.10 Td (date ) Tj ET Q q 0 0 0 rg BT 389.55 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.80 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.48 154.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 457.48 154.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 479.39 154.10 Td (year ) Tj ET Q q 0 0 0 rg BT 499.07 154.10 Td (periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 142.10 Td (The ) Tj ET Q q 0 0 0 rg BT 134.57 142.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 172.70 142.10 Td (at ) Tj ET Q q 0 0 0 rg BT 181.94 142.10 Td (dif) Tj ET Q q 0 0 0 rg BT 192.87 142.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 218.21 142.10 Td (points ) Tj ET Q q 0 0 0 rg BT 244.68 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.49 142.10 Td (these ) Tj ET Q q 0 0 0 rg BT 277.06 142.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 308.52 142.10 Td (created ) Tj ET Q q 0 0 0 rg BT 339.40 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.87 142.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 376.76 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.57 142.10 Td (crediting ) Tj ET Q q 0 0 0 rg BT 424.13 142.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 445.03 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.72 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.96 142.10 Td (point-to-point, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 130.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 152.83 130.10 Td (average, ) Tj ET Q q 0 0 0 rg BT 188.92 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.86 130.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 241.69 130.10 Td (point-to-point ) Tj ET Q q 0 0 0 rg BT 299.74 130.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 340.01 130.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.29 130.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 376.67 130.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.67 130.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.67 130.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 428.06 130.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.06 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 450.56 130.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.50 130.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 493.88 130.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.88 130.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 109.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 109.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 146.39 109.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 183.00 109.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 217.94 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.45 109.10 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 288.93 109.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 309.99 109.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 347.14 109.10 Td (may ) Tj ET Q q 0 0 0 rg BT 367.09 109.10 Td (dif) Tj ET Q q 0 0 0 rg BT 378.02 109.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 391.85 109.10 Td (from ) Tj ET Q q 0 0 0 rg BT 414.02 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.96 109.10 Td (index ) Tj ET Q q 0 0 0 rg BT 453.91 109.10 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 506.06 109.10 Td (due ) Tj ET Q q 0 0 0 rg BT 523.23 109.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 97.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 163.55 97.10 Td (features ) Tj ET Q q 0 0 0 rg BT 197.32 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.23 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.58 97.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 237.14 97.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.27 97.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 277.49 97.10 Td (\(caps, ) Tj ET Q q 0 0 0 rg BT 303.22 97.10 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 337.83 97.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 390.50 97.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 411.51 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.07 97.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 449.64 97.10 Td (fees\) ) Tj ET Q q 0 0 0 rg BT 471.20 97.10 Td (which ) Tj ET Q q 0 0 0 rg BT 497.77 97.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 522.11 97.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.28 85.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 160.87 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.59 85.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 194.20 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.03 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.74 85.10 Td (options ) Tj ET Q q 0 0 0 rg BT 251.69 85.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 294.73 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.01 85.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 325.84 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.55 85.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 369.71 85.10 Td (index ) Tj ET Q q 0 0 0 rg BT 394.43 85.10 Td (credits. ) Tj ET Q endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (67) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 125.74 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.80 742.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 190.74 742.25 Td (product ) Tj ET Q q 0 0 0 rg BT 224.91 742.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 243.51 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.57 742.25 Td (other) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 721.25 Td (Below ) Tj ET Q q 0 0 0 rg BT 132.10 721.25 Td (is ) Tj ET Q q 0 0 0 rg BT 141.26 721.25 Td (a ) Tj ET Q q 0 0 0 rg BT 148.19 721.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 187.89 721.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.71 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.42 721.25 Td (major ) Tj ET Q q 0 0 0 rg BT 239.24 721.25 Td (components ) Tj ET Q q 0 0 0 rg BT 290.05 721.25 Td (included ) Tj ET Q q 0 0 0 rg BT 326.98 721.25 Td (in ) Tj ET Q q 0 0 0 rg BT 337.25 721.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 378.60 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.53 721.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 441.90 721.25 Td (product ) Tj ET Q q 0 0 0 rg BT 474.94 721.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 493.53 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.46 721.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 709.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.16 709.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 121.55 709.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.55 709.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.55 709.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 172.93 709.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.93 709.25 Td (, ) Tj ET Q q 0 0 0 rg BT 197.93 709.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.87 709.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 241.26 709.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.26 709.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 647.75 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 647.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 647.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 647.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 647.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 647.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 647.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 647.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 647.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 647.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 647.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 621.75 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 621.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 621.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 621.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 621.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 621.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 621.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 621.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 621.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 621.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 621.75 49.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 676.75 m 323.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 676.75 m 327.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 676.75 m 369.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 676.75 m 373.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 676.75 m 424.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 676.75 m 477.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 676.75 m 481.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 676.75 m 530.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 647.75 m 323.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 647.75 m 369.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 647.75 m 424.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 676.75 m 477.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 647.75 m 477.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 676.75 m 530.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 647.75 m 530.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 647.75 m 323.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 647.75 m 369.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 647.75 m 477.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 647.75 m 530.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 621.75 m 477.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 621.75 m 323.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 609.75 m 323.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 607.75 m 323.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 621.75 m 369.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 609.75 m 369.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 607.75 m 369.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 621.75 m 424.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 609.75 m 424.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 607.75 m 424.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 621.75 m 477.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 609.75 m 477.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 607.75 m 477.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 621.75 m 530.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 609.75 m 530.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 607.75 m 530.5 607.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.70 680.98 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 680.98 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 651.98 Td (Insurance and investment product fees and other:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.00 651.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.00 651.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.50 651.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 667.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.10 659.98 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 651.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 667.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.10 659.98 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 651.98 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 639.00 Td (Surrender charges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 639.00 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 639.00 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 639.00 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 639.00 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 639.00 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 639.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 626.00 Td (Cost of insurance fees and other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.25 626.00 Td (105) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 626.00 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 626.00 Td (47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 626.00 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 626.00 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 613.00 Td (Total insurance and investment product fees and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 613.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.25 613.00 Td (127) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 613.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 613.00 Td (89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 613.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 613.00 Td (68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 613.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 613.00 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 613.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 613.00 Td (21) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 588.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 588.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 158.31 588.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.19 588.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 221.52 588.25 Td (product ) Tj ET Q q 0 0 0 rg BT 254.51 588.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 273.05 588.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.93 588.25 Td (other ) Tj ET Q q 0 0 0 rg BT 312.92 588.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 347.03 588.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 386.69 588.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.46 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.12 588.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 430.67 588.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.44 588.25 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 484.70 588.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 512.14 588.25 Td (rider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 576.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 135.39 576.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.11 576.25 Td (surrender ) Tj ET Q q 0 0 0 rg BT 192.16 576.25 Td (char) Tj ET Q q 0 0 0 rg BT 209.19 576.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 224.80 576.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 260.97 576.25 Td (against ) Tj ET Q q 0 0 0 rg BT 291.58 576.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 318.87 576.25 Td (withdrawals ) Tj ET Q q 0 0 0 rg BT 370.03 576.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.10 576.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 408.48 576.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.10 576.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.61 576.25 Td (policyholder's ) Tj ET Q q 0 0 0 rg BT 492.13 576.25 Td (allowable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 564.25 Td (penalty-free ) Tj ET Q q 0 0 0 rg BT 167.80 564.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 204.19 564.25 Td (\(up ) Tj ET Q q 0 0 0 rg BT 220.02 564.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.30 564.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 251.13 564.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.96 564.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.67 564.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 298.61 564.25 Td (year's ) Tj ET Q q 0 0 0 rg BT 324.01 564.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 350.67 564.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 381.49 564.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.77 564.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 421.47 564.25 Td (limitations\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 543.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 543.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.98 543.25 Td ($38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.98 543.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.41 543.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.28 543.25 Td ($21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.28 543.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.71 543.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.47 543.25 Td (s ) Tj ET Q q 0 0 0 rg BT 225.79 543.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.00 543.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 276.75 543.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.62 543.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 339.93 543.25 Td (product ) Tj ET Q q 0 0 0 rg BT 372.91 543.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 391.44 543.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.31 543.25 Td (other ) Tj ET Q q 0 0 0 rg BT 431.29 543.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 543.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 467.82 543.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.82 543.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.25 543.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.12 543.25 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 531.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.00 531.25 Td (, ) Tj ET Q q 0 0 0 rg BT 141.94 531.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 189.60 531.25 Td (, ) Tj ET Q q 0 0 0 rg BT 194.54 531.25 Td (were ) Tj ET Q q 0 0 0 rg BT 216.40 531.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 256.05 531.25 Td (due ) Tj ET Q q 0 0 0 rg BT 272.93 531.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.15 531.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 322.23 531.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.45 531.25 Td (rider ) Tj ET Q q 0 0 0 rg BT 353.76 531.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 372.30 531.25 Td (on ) Tj ET Q q 0 0 0 rg BT 384.74 531.25 Td (FIA) Tj ET Q q 0 0 0 rg BT 400.30 531.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.74 531.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 436.28 531.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.15 531.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.37 531.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 481.92 531.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.68 531.25 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 519.25 Td (\("COI"\) ) Tj ET Q q 0 0 0 rg BT 150.93 519.25 Td (char) Tj ET Q q 0 0 0 rg BT 167.95 519.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 183.16 519.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.04 519.25 Td (IUL) Tj ET Q q 0 0 0 rg BT 211.33 519.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.21 519.25 Td (policies. ) Tj ET Q q 0 0 0 rg BT 248.69 519.25 Td (Specifically) Tj ET Q q 0 0 0 rg BT 295.80 519.25 Td (, ) Tj ET Q q 0 0 0 rg BT 300.18 519.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 345.93 519.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 386.70 519.25 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 433.56 519.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 463.21 519.25 Td (\("GMWB"\) ) Tj ET Q q 0 0 0 rg BT 512.13 519.25 Td (rider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 507.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 135.79 507.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 176.23 507.25 Td ($1) Tj ET Q q 0 0 0 rg BT 185.86 507.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 193.55 507.25 Td (from ) Tj ET Q q 0 0 0 rg BT 215.68 507.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 242.26 507.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 264.95 507.25 Td (to ) Tj ET Q q 0 0 0 rg BT 275.42 507.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 302.00 507.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 324.69 507.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.81 507.25 Td ($18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.81 507.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.50 507.25 Td (from ) Tj ET Q q 0 0 0 rg BT 381.63 507.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 408.21 507.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 430.90 507.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.37 507.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 467.95 507.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 490.64 507.25 Td (as ) Tj ET Q q 0 0 0 rg BT 501.66 507.25 Td (a ) Tj ET Q q 0 0 0 rg BT 508.79 507.25 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 495.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.10 495.25 Td (steady ) Tj ET Q q 0 0 0 rg BT 154.41 495.25 Td (FIA) Tj ET Q q 0 0 0 rg BT 169.97 495.25 Td ( ) Tj ET Q q 0 0 0 rg BT 171.74 495.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 192.95 495.25 Td (over ) Tj ET Q q 0 0 0 rg BT 212.48 495.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.47 495.25 Td (past ) Tj ET Q q 0 0 0 rg BT 244.34 495.25 Td (two ) Tj ET Q q 0 0 0 rg BT 261.11 495.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 286.48 495.25 Td (which ) Tj ET Q q 0 0 0 rg BT 312.68 495.25 Td (is ) Tj ET Q q 0 0 0 rg BT 321.12 495.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 356.21 495.25 Td (of) Tj ET Q q 0 0 0 rg BT 364.36 495.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 380.56 495.25 Td (by ) Tj ET Q q 0 0 0 rg BT 392.33 495.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.54 495.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 457.51 495.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 492.03 495.25 Td (in ) Tj ET Q q 0 0 0 rg BT 501.58 495.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 482.05 Td (rider ) Tj ET Q q 0 0 0 rg BT 138.71 482.05 Td (reserves ) Tj ET Q q 0 0 0 rg BT 174.30 482.05 Td (\(included ) Tj ET Q q 0 0 0 rg BT 214.90 482.05 Td (in ) Tj ET Q q 0 0 0 rg BT 225.51 482.05 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 261.67 482.05 Td (and ) Tj ET Q q 0 0 0 rg BT 278.94 482.05 Td (other ) Tj ET Q q 0 0 0 rg BT 302.32 482.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 337.36 482.05 Td (in ) Tj ET Q q 0 0 0 rg BT 347.98 482.05 Td (policy ) Tj ET Q q 0 0 0 rg BT 375.80 482.05 Td (reserves\).) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 414.39 482.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.51 482.05 Td (GMWB ) Tj ET Q q 0 0 0 rg BT 452.56 482.05 Td (rider ) Tj ET Q q 0 0 0 rg BT 474.27 482.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 493.21 482.05 Td (are ) Tj ET Q q 0 0 0 rg BT 508.25 482.05 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 470.05 Td (on ) Tj ET Q q 0 0 0 rg BT 130.00 470.05 Td (the ) Tj ET Q q 0 0 0 rg BT 145.22 470.05 Td (policyholder's ) Tj ET Q q 0 0 0 rg BT 204.45 470.05 Td (benefit ) Tj ET Q q 0 0 0 rg BT 235.21 470.05 Td (base ) Tj ET Q q 0 0 0 rg BT 255.98 470.05 Td (and ) Tj ET Q q 0 0 0 rg BT 273.42 470.05 Td (are ) Tj ET Q q 0 0 0 rg BT 288.63 470.05 Td (collected ) Tj ET Q q 0 0 0 rg BT 327.71 470.05 Td (at ) Tj ET Q q 0 0 0 rg BT 337.93 470.05 Td (the ) Tj ET Q q 0 0 0 rg BT 353.15 470.05 Td (end ) Tj ET Q q 0 0 0 rg BT 370.59 470.05 Td (of ) Tj ET Q q 0 0 0 rg BT 381.92 470.05 Td (the ) Tj ET Q q 0 0 0 rg BT 397.13 470.05 Td (policy ) Tj ET Q q 0 0 0 rg BT 425.13 470.05 Td (year) Tj ET Q q 0 0 0 rg BT 441.78 470.05 Td (. ) Tj ET Q q 0 0 0 rg BT 447.28 470.05 Td ( ) Tj ET Q q 0 0 0 rg BT 450.06 470.05 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 475.56 470.05 Td (FIA) Tj ET Q q 0 0 0 rg BT 491.12 470.05 Td ( ) Tj ET Q q 0 0 0 rg BT 494.12 470.05 Td (sales ) Tj ET Q q 0 0 0 rg BT 516.56 470.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 458.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 149.48 458.05 Td (of ) Tj ET Q q 0 0 0 rg BT 161.95 458.05 Td (benefit ) Tj ET Q q 0 0 0 rg BT 193.86 458.05 Td (base ) Tj ET Q q 0 0 0 rg BT 215.77 458.05 Td (in ) Tj ET Q q 0 0 0 rg BT 227.70 458.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 255.73 458.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 279.88 458.05 Td (and ) Tj ET Q q 0 0 0 rg BT 298.46 458.05 Td (2016 ) Tj ET Q q 0 0 0 rg BT 322.61 458.05 Td (resulted ) Tj ET Q q 0 0 0 rg BT 358.41 458.05 Td (in ) Tj ET Q q 0 0 0 rg BT 370.33 458.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 400.02 458.05 Td (fee ) Tj ET Q q 0 0 0 rg BT 416.38 458.05 Td (income ) Tj ET Q q 0 0 0 rg BT 449.95 458.05 Td (due ) Tj ET Q q 0 0 0 rg BT 468.54 458.05 Td (to ) Tj ET Q q 0 0 0 rg BT 480.46 458.05 Td (policyholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 446.05 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 166.43 446.05 Td (dates ) Tj ET Q q 0 0 0 rg BT 189.77 446.05 Td (in ) Tj ET Q q 0 0 0 rg BT 200.33 446.05 Td (both ) Tj ET Q q 0 0 0 rg BT 220.90 446.05 Td (periods. ) Tj ET Q q 0 0 0 rg BT 255.42 446.05 Td (The ) Tj ET Q q 0 0 0 rg BT 273.76 446.05 Td (COI ) Tj ET Q q 0 0 0 rg BT 293.76 446.05 Td (char) Tj ET Q q 0 0 0 rg BT 310.79 446.05 Td (ges ) Tj ET Q q 0 0 0 rg BT 326.91 446.05 Td (on ) Tj ET Q q 0 0 0 rg BT 339.69 446.05 Td (IUL) Tj ET Q q 0 0 0 rg BT 355.98 446.05 Td ( ) Tj ET Q q 0 0 0 rg BT 358.77 446.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 392.66 446.05 Td (also ) Tj ET Q q 0 0 0 rg BT 411.56 446.05 Td (increased ) Tj ET Q q 0 0 0 rg BT 452.10 446.05 Td ($10 ) Tj ET Q q 0 0 0 rg BT 469.89 446.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.11 446.05 Td ($15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.11 446.05 Td ( ) Tj ET Q q 0 0 0 rg BT 504.90 446.05 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 434.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 143.39 434.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 165.89 434.05 Td (and ) Tj ET Q q 0 0 0 rg BT 182.83 434.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 209.21 434.05 Td (2016, ) Tj ET Q q 0 0 0 rg BT 234.21 434.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 281.87 434.05 Td (, ) Tj ET Q q 0 0 0 rg BT 286.87 434.05 Td (due ) Tj ET Q q 0 0 0 rg BT 303.81 434.05 Td (to ) Tj ET Q q 0 0 0 rg BT 314.09 434.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 344.92 434.05 Td (in ) Tj ET Q q 0 0 0 rg BT 355.20 434.05 Td (life ) Tj ET Q q 0 0 0 rg BT 371.02 434.05 Td (sales ) Tj ET Q q 0 0 0 rg BT 392.96 434.05 Td (over ) Tj ET Q q 0 0 0 rg BT 413.23 434.05 Td (the ) Tj ET Q q 0 0 0 rg BT 427.95 434.05 Td (past ) Tj ET Q q 0 0 0 rg BT 446.56 434.05 Td (two ) Tj ET Q q 0 0 0 rg BT 464.06 434.05 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 404.05 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 117.94 404.05 Td (and ) Tj ET Q q 0 0 0 rg BT 136.56 404.05 Td (expenses) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 383.05 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 117.39 383.05 Td (and ) Tj ET Q q 0 0 0 rg BT 135.45 383.05 Td (other ) Tj ET Q q 0 0 0 rg BT 159.62 383.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 196.01 383.05 Td (in ) Tj ET Q q 0 0 0 rg BT 206.85 383.05 Td (policy ) Tj ET Q q 0 0 0 rg BT 233.78 383.05 Td (reserves) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 364.05 Td (Below ) Tj ET Q q 0 0 0 rg BT 132.02 364.05 Td (is ) Tj ET Q q 0 0 0 rg BT 141.10 364.05 Td (a ) Tj ET Q q 0 0 0 rg BT 147.94 364.05 Td (summary ) Tj ET Q q 0 0 0 rg BT 187.57 364.05 Td (of ) Tj ET Q q 0 0 0 rg BT 198.31 364.05 Td (the ) Tj ET Q q 0 0 0 rg BT 212.93 364.05 Td (major ) Tj ET Q q 0 0 0 rg BT 238.67 364.05 Td (components ) Tj ET Q q 0 0 0 rg BT 289.40 364.05 Td (included ) Tj ET Q q 0 0 0 rg BT 326.24 364.05 Td (in ) Tj ET Q q 0 0 0 rg BT 336.43 364.05 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 372.16 364.05 Td (and ) Tj ET Q q 0 0 0 rg BT 389.01 364.05 Td (other ) Tj ET Q q 0 0 0 rg BT 411.97 364.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 446.58 364.05 Td (in ) Tj ET Q q 0 0 0 rg BT 456.77 364.05 Td (policy ) Tj ET Q q 0 0 0 rg BT 484.17 364.05 Td (reserves ) Tj ET Q q 0 0 0 rg BT 519.34 364.05 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 352.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 107.39 352.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.39 352.05 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.39 352.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 158.77 352.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.77 352.05 Td (, ) Tj ET Q q 0 0 0 rg BT 183.77 352.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.71 352.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 227.10 352.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.10 352.05 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 290.55 203.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 290.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 290.55 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 290.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 290.55 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 290.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 290.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 290.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 290.55 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 290.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 290.55 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 264.55 203.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 264.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 264.55 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 264.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 264.55 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 264.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 264.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 264.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 264.55 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 264.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 264.55 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 237.55 203.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 237.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 237.55 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 237.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 237.55 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 237.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 237.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 237.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 237.55 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 237.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 237.55 49.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 319.54999999999995 m 330.5 319.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 319.54999999999995 m 334.5 319.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 319.54999999999995 m 376.5 319.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 319.54999999999995 m 380.5 319.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 319.54999999999995 m 425.5 319.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 319.54999999999995 m 478.5 319.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 319.54999999999995 m 482.5 319.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 319.54999999999995 m 531.5 319.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 290.54999999999995 m 330.5 290.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 290.54999999999995 m 376.5 290.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 290.54999999999995 m 425.5 290.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 319.54999999999995 m 478.5 319.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 290.54999999999995 m 478.5 290.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 319.54999999999995 m 531.5 319.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 290.54999999999995 m 531.5 290.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 290.54999999999995 m 330.5 290.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 290.54999999999995 m 376.5 290.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 290.54999999999995 m 478.5 290.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 290.54999999999995 m 531.5 290.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 224.54999999999995 m 330.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 224.54999999999995 m 376.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 224.54999999999995 m 478.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 224.54999999999995 m 531.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 224.54999999999995 m 330.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 212.54999999999995 m 330.5 212.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 210.54999999999995 m 330.5 210.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 224.54999999999995 m 376.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 212.54999999999995 m 376.5 212.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 210.54999999999995 m 376.5 210.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 224.54999999999995 m 425.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 212.54999999999995 m 425.5 212.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 210.54999999999995 m 425.5 210.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 224.54999999999995 m 478.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 212.54999999999995 m 478.5 212.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 210.54999999999995 m 478.5 210.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 224.54999999999995 m 531.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 212.54999999999995 m 531.5 212.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 210.54999999999995 m 531.5 210.54999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.70 323.78 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.60 323.78 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 294.78 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.00 294.78 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.50 294.78 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 310.78 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.10 302.78 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 294.78 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.50 310.78 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.10 302.78 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.50 294.78 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 281.80 Td (FIA market value option liability change) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.00 281.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.25 281.80 Td (174) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.00 281.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.60 281.80 Td (\(219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 281.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.00 281.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 281.80 Td (57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.00 281.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 281.80 Td (393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 281.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 281.80 Td (\(276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 281.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 268.80 Td (FIA present value future credits & guarantee liability change) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 268.80 Td (96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 268.80 Td (101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.60 268.80 Td (\(20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 268.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 268.80 Td (\(5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 268.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 268.80 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 255.80 Td (Index credits, interest credited & bonuses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.25 255.80 Td (316) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 255.80 Td (524) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 255.80 Td (596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 255.80 Td (\(208) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 255.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 255.80 Td (\(72) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 255.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 241.80 Td (Annuity payments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.25 241.80 Td (164) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 241.80 Td (176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 241.80 Td (188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 241.80 Td (\(12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 241.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 241.80 Td (\(12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 241.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 228.80 Td (Other policy benefits and reserve movements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 228.80 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.60 228.80 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 228.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.60 228.80 Td (\(33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 228.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 228.80 Td (45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 228.80 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 215.80 Td ( Total benefits and other changes in policy reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.00 215.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.25 215.80 Td (791) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.00 215.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 215.80 Td (578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.00 215.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 215.80 Td (788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.00 215.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 215.80 Td (213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.00 215.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 215.80 Td (\(210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 215.80 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 191.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 191.05 Td (The ) Tj ET Q q 0 0 0 rg BT 134.88 191.05 Td (FIA) Tj ET Q q 0 0 0 rg BT 150.45 191.05 Td ( ) Tj ET Q q 0 0 0 rg BT 152.78 191.05 Td (market ) Tj ET Q q 0 0 0 rg BT 182.89 191.05 Td (value ) Tj ET Q q 0 0 0 rg BT 206.88 191.05 Td (option ) Tj ET Q q 0 0 0 rg BT 234.77 191.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 268.22 191.05 Td (change ) Tj ET Q q 0 0 0 rg BT 298.87 191.05 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.96 191.05 Td ($174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.96 191.05 Td ( ) Tj ET Q q 0 0 0 rg BT 361.30 191.05 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.75 191.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 415.97 191.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.97 191.05 Td (, ) Tj ET Q q 0 0 0 rg BT 440.81 191.05 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.56 191.05 Td ($219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.56 191.05 Td ( ) Tj ET Q q 0 0 0 rg BT 504.90 191.05 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 179.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 143.59 179.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.59 179.05 Td ( ) Tj ET Q q 0 0 0 rg BT 166.29 179.05 Td (and ) Tj ET Q q 0 0 0 rg BT 183.43 179.05 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.88 179.05 Td ($57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.88 179.05 Td ( ) Tj ET Q q 0 0 0 rg BT 241.58 179.05 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.39 179.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 296.98 179.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.98 179.05 Td (, ) Tj ET Q q 0 0 0 rg BT 322.18 179.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 369.84 179.05 Td (. ) Tj ET Q q 0 0 0 rg BT 374.84 179.05 Td (The ) Tj ET Q q 0 0 0 rg BT 393.09 179.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 428.54 179.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.57 179.05 Td ($393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.57 179.05 Td ( ) Tj ET Q q 0 0 0 rg BT 462.27 179.05 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.41 179.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 511.00 179.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.00 179.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 167.05 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.70 167.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 154.50 167.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.50 167.05 Td ( ) Tj ET Q q 0 0 0 rg BT 177.42 167.05 Td (and ) Tj ET Q q 0 0 0 rg BT 194.78 167.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 232.12 167.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.37 167.05 Td ($276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.37 167.05 Td ( ) Tj ET Q q 0 0 0 rg BT 266.29 167.05 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.65 167.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 315.45 167.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.45 167.05 Td ( ) Tj ET Q q 0 0 0 rg BT 338.37 167.05 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.07 167.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 375.88 167.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.88 167.05 Td ( ) Tj ET Q q 0 0 0 rg BT 398.80 167.05 Td (was ) Tj ET Q q 0 0 0 rg BT 417.27 167.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 445.74 167.05 Td (by ) Tj ET Q q 0 0 0 rg BT 458.66 167.05 Td (the ) Tj ET Q q 0 0 0 rg BT 473.79 167.05 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 155.05 Td (change ) Tj ET Q q 0 0 0 rg BT 148.11 155.05 Td (in ) Tj ET Q q 0 0 0 rg BT 158.68 155.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 175.35 155.05 Td (value ) Tj ET Q q 0 0 0 rg BT 199.80 155.05 Td (of ) Tj ET Q q 0 0 0 rg BT 210.92 155.05 Td (FIA) Tj ET Q q 0 0 0 rg BT 226.48 155.05 Td ( ) Tj ET Q q 0 0 0 rg BT 229.28 155.05 Td (options ) Tj ET Q q 0 0 0 rg BT 261.52 155.05 Td (during ) Tj ET Q q 0 0 0 rg BT 290.42 155.05 Td (the ) Tj ET Q q 0 0 0 rg BT 305.43 155.05 Td (respective ) Tj ET Q q 0 0 0 rg BT 348.75 155.05 Td (periods. ) Tj ET Q q 0 0 0 rg BT 383.48 155.05 Td ( ) Tj ET Q q 0 0 0 rg BT 386.28 155.05 Td (In ) Tj ET Q q 0 0 0 rg BT 397.40 155.05 Td (general, ) Tj ET Q q 0 0 0 rg BT 432.12 155.05 Td (a ) Tj ET Q q 0 0 0 rg BT 439.35 155.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 476.56 155.05 Td (or ) Tj ET Q q 0 0 0 rg BT 487.68 155.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 523.23 155.05 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 143.05 Td (market ) Tj ET Q q 0 0 0 rg BT 147.85 143.05 Td (value ) Tj ET Q q 0 0 0 rg BT 172.60 143.05 Td (of ) Tj ET Q q 0 0 0 rg BT 184.02 143.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 227.09 143.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 253.51 143.05 Td (hedging ) Tj ET Q q 0 0 0 rg BT 288.82 143.05 Td (FIA) Tj ET Q q 0 0 0 rg BT 304.38 143.05 Td ( ) Tj ET Q q 0 0 0 rg BT 307.47 143.05 Td (index ) Tj ET Q q 0 0 0 rg BT 332.78 143.05 Td (credits ) Tj ET Q q 0 0 0 rg BT 362.53 143.05 Td (will ) Tj ET Q q 0 0 0 rg BT 381.17 143.05 Td (result ) Tj ET Q q 0 0 0 rg BT 406.48 143.05 Td (in ) Tj ET Q q 0 0 0 rg BT 417.35 143.05 Td (a ) Tj ET Q q 0 0 0 rg BT 424.88 143.05 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 485.18 143.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 522.68 143.05 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 131.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 152.45 131.05 Td (in ) Tj ET Q q 0 0 0 rg BT 162.92 131.05 Td (the ) Tj ET Q q 0 0 0 rg BT 177.83 131.05 Td (market ) Tj ET Q q 0 0 0 rg BT 208.29 131.05 Td (value ) Tj ET Q q 0 0 0 rg BT 232.64 131.05 Td (option ) Tj ET Q q 0 0 0 rg BT 260.90 131.05 Td (liability) Tj ET Q q 0 0 0 rg BT 291.36 131.05 Td (, ) Tj ET Q q 0 0 0 rg BT 296.55 131.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 344.21 131.05 Td (. ) Tj ET Q q 0 0 0 rg BT 349.41 131.05 Td ( ) Tj ET Q q 0 0 0 rg BT 352.10 131.05 Td (See ) Tj ET Q q 0 0 0 rg BT 369.24 131.05 Td (table ) Tj ET Q q 0 0 0 rg BT 391.37 131.05 Td (above ) Tj ET Q q 0 0 0 rg BT 417.94 131.05 Td (for ) Tj ET Q q 0 0 0 rg BT 432.29 131.05 Td (summary ) Tj ET Q q 0 0 0 rg BT 472.21 131.05 Td (and ) Tj ET Q q 0 0 0 rg BT 489.34 131.05 Td (discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 119.05 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 119.05 Td (net ) Tj ET Q q 0 0 0 rg BT 142.55 119.05 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 186.69 119.05 Td (gains ) Tj ET Q q 0 0 0 rg BT 210.30 119.05 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 243.35 119.05 Td (on ) Tj ET Q q 0 0 0 rg BT 255.85 119.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 285.55 119.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 328.03 119.05 Td (instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 100.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 100.05 Td (The ) Tj ET Q q 0 0 0 rg BT 134.54 100.05 Td (FIA) Tj ET Q q 0 0 0 rg BT 150.10 100.05 Td ( ) Tj ET Q q 0 0 0 rg BT 152.10 100.05 Td (present ) Tj ET Q q 0 0 0 rg BT 182.97 100.05 Td (value ) Tj ET Q q 0 0 0 rg BT 206.62 100.05 Td (of ) Tj ET Q q 0 0 0 rg BT 216.94 100.05 Td (future ) Tj ET Q q 0 0 0 rg BT 242.82 100.05 Td (credits ) Tj ET Q q 0 0 0 rg BT 271.47 100.05 Td (and ) Tj ET Q q 0 0 0 rg BT 287.90 100.05 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 328.76 100.05 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.86 100.05 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.61 100.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.61 100.05 Td ($96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.61 100.05 Td ( ) Tj ET Q q 0 0 0 rg BT 418.60 100.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.03 100.05 Td ($101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.03 100.05 Td ( ) Tj ET Q q 0 0 0 rg BT 457.03 100.05 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.13 100.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 511.01 100.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 88.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.42 88.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 159.29 88.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.29 88.05 Td (, ) Tj ET Q q 0 0 0 rg BT 183.77 88.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 231.43 88.05 Td (, ) Tj ET Q q 0 0 0 rg BT 235.91 88.05 Td (and ) Tj ET Q q 0 0 0 rg BT 252.33 88.05 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.73 88.05 Td ($20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.73 88.05 Td ( ) Tj ET Q q 0 0 0 rg BT 310.71 88.05 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.80 88.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 364.67 88.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.67 88.05 Td (.) Tj ET Q q 0 0 0 rg BT 389.49 88.05 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.01 88.05 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.43 88.05 Td ( ) Tj ET Q q 0 0 0 rg BT 443.41 88.05 Td (in ) Tj ET Q q 0 0 0 rg BT 453.17 88.05 Td (longer ) Tj ET Q q 0 0 0 rg BT 480.70 88.05 Td (duration ) Tj ET Q q 0 0 0 rg BT 516.00 88.05 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 76.05 Td (free ) Tj ET Q q 0 0 0 rg BT 133.80 76.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 153.94 76.05 Td (year ) Tj ET Q q 0 0 0 rg BT 172.41 76.05 Td (over ) Tj ET Q q 0 0 0 rg BT 191.44 76.05 Td (year ) Tj ET Q q 0 0 0 rg BT 209.92 76.05 Td (increased ) Tj ET Q q 0 0 0 rg BT 248.93 76.05 Td (reserves ) Tj ET Q q 0 0 0 rg BT 282.96 76.05 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.22 76.05 Td ($97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.22 76.05 Td ( ) Tj ET Q q 0 0 0 rg BT 310.48 76.05 Td (and ) Tj ET Q q 0 0 0 rg BT 326.18 76.05 Td ($83 ) Tj ET Q q 0 0 0 rg BT 342.45 76.05 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.82 76.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 394.97 76.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.97 76.05 Td ( ) Tj ET Q q 0 0 0 rg BT 416.23 76.05 Td (and ) Tj ET Q q 0 0 0 rg BT 431.94 76.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 457.09 76.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 480.85 76.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 528.51 76.05 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 64.05 Td (Additionally) Tj ET Q q 0 0 0 rg BT 166.90 64.05 Td (, ) Tj ET Q q 0 0 0 rg BT 170.82 64.05 Td (the ) Tj ET Q q 0 0 0 rg BT 184.46 64.05 Td (reserve ) Tj ET Q q 0 0 0 rg BT 214.74 64.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 248.91 64.05 Td (for ) Tj ET Q q 0 0 0 rg BT 261.99 64.05 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 287.30 64.05 Td (2016 ) Tj ET Q q 0 0 0 rg BT 308.72 64.05 Td (and ) Tj ET Q q 0 0 0 rg BT 324.57 64.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 345.99 64.05 Td (included ) Tj ET Q q 0 0 0 rg BT 381.84 64.05 Td (increases ) Tj ET Q q 0 0 0 rg BT 419.91 64.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.66 64.05 Td ($22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.66 64.05 Td ( ) Tj ET Q q 0 0 0 rg BT 446.07 64.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.93 64.05 Td ($18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.93 64.05 Td (, ) Tj ET Q q 0 0 0 rg BT 480.85 64.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 528.51 64.05 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 52.05 Td (related ) Tj ET Q q 0 0 0 rg BT 147.83 52.05 Td (to ) Tj ET Q q 0 0 0 rg BT 159.25 52.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 189.53 52.05 Td (surrender ) Tj ET Q q 0 0 0 rg BT 230.93 52.05 Td (assumption ) Tj ET Q q 0 0 0 rg BT 280.12 52.05 Td (update ) Tj ET Q q 0 0 0 rg BT 310.40 52.05 Td (which ) Tj ET Q q 0 0 0 rg BT 338.47 52.05 Td (impacted ) Tj ET Q q 0 0 0 rg BT 378.76 52.05 Td (the ) Tj ET Q q 0 0 0 rg BT 394.61 52.05 Td (FIA) Tj ET Q q 0 0 0 rg BT 410.17 52.05 Td ( ) Tj ET Q q 0 0 0 rg BT 413.80 52.05 Td (embedded ) Tj ET Q q 0 0 0 rg BT 458.53 52.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 502.14 52.05 Td (reserve ) Tj ET Q endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 742.10 Td (calculation. ) Tj ET Q q 0 0 0 rg BT 166.68 742.10 Td (Comparatively) Tj ET Q q 0 0 0 rg BT 225.46 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 231.28 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.38 742.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 269.58 742.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 292.90 742.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 321.76 742.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 358.40 742.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 376.72 742.10 Td (free ) Tj ET Q q 0 0 0 rg BT 395.57 742.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 417.77 742.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 458.84 742.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 497.15 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.24 742.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 742.10 Td ($13) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 730.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 153.91 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.19 730.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 199.45 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.39 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.11 730.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 260.26 730.10 Td (assumption ) Tj ET Q q 0 0 0 rg BT 308.32 730.10 Td (update ) Tj ET Q q 0 0 0 rg BT 337.47 730.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 371.63 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.91 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 393.85 730.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 436.34 730.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 467.70 730.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 504.62 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.45 730.10 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.45 730.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 711.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 711.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 141.91 711.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 173.22 711.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 204.80 711.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 239.14 711.10 Td (& ) Tj ET Q q 0 0 0 rg BT 249.07 711.10 Td (bonuses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.29 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.44 711.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 711.10 Td ($208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.14 711.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.73 711.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 394.76 711.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.76 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.90 711.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.83 711.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 452.86 711.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.86 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.01 711.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.59 711.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 699.10 Td ($72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.00 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.57 699.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.58 699.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 183.03 699.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.03 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.60 699.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.95 699.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 242.40 699.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.40 699.10 Td (. ) Tj ET Q q 0 0 0 rg BT 267.28 699.10 Td (The ) Tj ET Q q 0 0 0 rg BT 285.40 699.10 Td (year ) Tj ET Q q 0 0 0 rg BT 305.17 699.10 Td (over ) Tj ET Q q 0 0 0 rg BT 325.51 699.10 Td (year ) Tj ET Q q 0 0 0 rg BT 345.29 699.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 386.16 699.10 Td (from ) Tj ET Q q 0 0 0 rg BT 408.17 699.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 434.62 699.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 457.19 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.54 699.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 493.99 699.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 516.56 699.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 687.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 144.68 687.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 168.48 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.06 687.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 207.74 687.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 231.54 687.10 Td (were ) Tj ET Q q 0 0 0 rg BT 254.76 687.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 295.77 687.10 Td (due ) Tj ET Q q 0 0 0 rg BT 314.01 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.59 687.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 352.15 687.10 Td (index ) Tj ET Q q 0 0 0 rg BT 378.17 687.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 408.62 687.10 Td (on ) Tj ET Q q 0 0 0 rg BT 422.42 687.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 437.98 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.77 687.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 476.68 687.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 518.78 687.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 675.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 167.28 675.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 220.33 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.18 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.93 675.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 264.46 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.98 675.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 284.51 675.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 309.80 675.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 342.31 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.61 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.36 675.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 385.89 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.41 675.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 405.94 675.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 431.23 675.10 Td (level ) Tj ET Q q 0 0 0 rg BT 453.19 675.10 Td (on ) Tj ET Q q 0 0 0 rg BT 465.72 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.46 675.10 Td (policyholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 663.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 134.57 663.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 157.68 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.69 663.10 Td (related ) Tj ET Q q 0 0 0 rg BT 204.46 663.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 241.44 663.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.78 663.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 285.99 663.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 309.67 663.10 Td (from ) Tj ET Q q 0 0 0 rg BT 331.67 663.10 Td (options ) Tj ET Q q 0 0 0 rg BT 363.69 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.70 663.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 411.03 663.10 Td (which ) Tj ET Q q 0 0 0 rg BT 438.04 663.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 458.93 663.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 474.50 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.06 663.10 Td (index ) Tj ET Q q 0 0 0 rg BT 501.85 663.10 Td (credits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 651.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 142.28 651.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 174.21 651.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 203.37 651.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 243.07 651.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.35 651.10 Td (line ) Tj ET Q q 0 0 0 rg BT 270.84 651.10 Td (with ) Tj ET Q q 0 0 0 rg BT 291.12 651.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 330.83 651.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 376.63 651.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.91 651.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 413.30 651.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 438.30 651.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 460.80 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.74 651.10 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 632.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 632.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 142.97 632.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 171.16 632.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 206.02 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.66 632.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 255.72 632.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 305.03 632.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.98 632.10 Td ($45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.98 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.18 632.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.82 632.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 413.90 632.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.90 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.10 632.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.08 632.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 475.17 632.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.17 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.37 632.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.01 632.10 Td ($29) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 620.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.16 620.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 165.77 620.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.77 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.49 620.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.99 620.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 225.60 620.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.60 620.10 Td (. ) Tj ET Q q 0 0 0 rg BT 250.63 620.10 Td (The ) Tj ET Q q 0 0 0 rg BT 268.90 620.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 304.37 620.10 Td (from ) Tj ET Q q 0 0 0 rg BT 326.53 620.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 353.14 620.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 375.86 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.36 620.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 412.97 620.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 435.69 620.10 Td (was ) Tj ET Q q 0 0 0 rg BT 453.97 620.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 493.90 620.10 Td (due ) Tj ET Q q 0 0 0 rg BT 511.06 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.56 620.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 608.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 152.55 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.13 608.10 Td (GMWB ) Tj ET Q q 0 0 0 rg BT 198.15 608.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 233.71 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.29 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.30 608.10 Td (current ) Tj ET Q q 0 0 0 rg BT 290.42 608.10 Td (year ) Tj ET Q q 0 0 0 rg BT 310.42 608.10 Td (due ) Tj ET Q q 0 0 0 rg BT 327.66 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.24 608.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 380.47 608.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 411.60 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.18 608.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 437.74 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.54 608.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 474.44 608.10 Td (with ) Tj ET Q q 0 0 0 rg BT 495.02 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.04 608.10 Td (rider) Tj ET Q q 0 0 0 rg BT 528.51 608.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 596.10 Td (as ) Tj ET Q q 0 0 0 rg BT 127.16 596.10 Td (well ) Tj ET Q q 0 0 0 rg BT 146.21 596.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.37 596.10 Td (an ) Tj ET Q q 0 0 0 rg BT 167.65 596.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 202.23 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.84 596.10 Td (life ) Tj ET Q q 0 0 0 rg BT 227.00 596.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 271.04 596.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 315.08 596.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 346.91 596.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 381.50 596.10 Td (due ) Tj ET Q q 0 0 0 rg BT 397.77 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.39 596.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 446.97 596.10 Td (annuitizations ) Tj ET Q q 0 0 0 rg BT 504.90 596.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 584.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 144.42 584.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 170.19 584.10 Td (The ) Tj ET Q q 0 0 0 rg BT 189.27 584.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 221.67 584.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 257.96 584.10 Td (from ) Tj ET Q q 0 0 0 rg BT 280.93 584.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 308.35 584.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 331.88 584.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.19 584.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 370.61 584.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.61 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.14 584.10 Td (was ) Tj ET Q q 0 0 0 rg BT 413.22 584.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 453.97 584.10 Td (due ) Tj ET Q q 0 0 0 rg BT 471.94 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.25 584.10 Td (unfavorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 572.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 155.82 572.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 201.28 572.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.44 572.10 Td (life ) Tj ET Q q 0 0 0 rg BT 228.92 572.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 273.30 572.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 317.66 572.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 349.82 572.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 383.08 572.10 Td (during ) Tj ET Q q 0 0 0 rg BT 411.35 572.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 437.40 572.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 462.06 572.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 486.44 572.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.03 572.10 Td (death, ) Tj ET Q q 0 0 0 rg BT 519.35 572.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 560.10 Td (release ) Tj ET Q q 0 0 0 rg BT 147.51 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.49 560.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 194.11 560.10 Td (established ) Tj ET Q q 0 0 0 rg BT 241.30 560.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.72 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.70 560.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 308.99 560.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 352.29 560.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 386.70 560.10 Td (which ) Tj ET Q q 0 0 0 rg BT 413.89 560.10 Td (are ) Tj ET Q q 0 0 0 rg BT 428.86 560.10 Td (based ) Tj ET Q q 0 0 0 rg BT 454.39 560.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.14 560.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 519.35 560.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 548.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 156.15 548.10 Td (among ) Tj ET Q q 0 0 0 rg BT 185.86 548.10 Td (other ) Tj ET Q q 0 0 0 rg BT 208.90 548.10 Td (things. ) Tj ET Q q 0 0 0 rg BT 238.16 548.10 Td (W) Tj ET Q q 0 0 0 rg BT 246.80 548.10 Td (e ) Tj ET Q q 0 0 0 rg BT 253.73 548.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 299.52 548.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 339.76 548.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.59 548.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 400.83 548.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 432.19 548.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 466.89 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.16 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.87 548.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 518.79 548.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 536.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 143.37 536.10 Td (deaths ) Tj ET Q q 0 0 0 rg BT 171.42 536.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.70 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.41 536.10 Td (period ) Tj ET Q q 0 0 0 rg BT 224.46 536.10 Td (are ) Tj ET Q q 0 0 0 rg BT 239.17 536.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 267.21 536.10 Td (or ) Tj ET Q q 0 0 0 rg BT 278.04 536.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 303.31 536.10 Td (than ) Tj ET Q q 0 0 0 rg BT 323.03 536.10 Td (expected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 512.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 130.74 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.80 512.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 190.75 512.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 232.41 512.10 Td (net ) Tj ET Q q 0 0 0 rg BT 247.68 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.51 512.10 Td (deferrals) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 493.10 Td (Below ) Tj ET Q q 0 0 0 rg BT 131.39 493.10 Td (is ) Tj ET Q q 0 0 0 rg BT 139.84 493.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.05 493.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 185.05 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.16 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.15 493.10 Td (major ) Tj ET Q q 0 0 0 rg BT 234.26 493.10 Td (components ) Tj ET Q q 0 0 0 rg BT 284.36 493.10 Td (included ) Tj ET Q q 0 0 0 rg BT 320.57 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.13 493.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 375.79 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.01 493.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 431.55 493.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 471.93 493.10 Td (net ) Tj ET Q q 0 0 0 rg BT 485.92 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.03 493.10 Td (deferrals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 481.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.16 481.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 121.55 481.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.55 481.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.55 481.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 172.93 481.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.93 481.10 Td (, ) Tj ET Q q 0 0 0 rg BT 197.93 481.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.87 481.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 241.26 481.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.26 481.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 419.60 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 419.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 419.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 419.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 419.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 419.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 419.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 419.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 419.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 419.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 419.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 393.60 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 393.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 393.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 393.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 393.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 393.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 393.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 393.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 393.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 393.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 393.60 49.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 448.6 m 323.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 448.6 m 327.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 448.6 m 369.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 448.6 m 373.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 448.6 m 424.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 448.6 m 477.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 448.6 m 481.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 448.6 m 530.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 419.6 m 323.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 419.6 m 369.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 419.6 m 424.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 448.6 m 477.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 419.6 m 477.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 448.6 m 530.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 419.6 m 530.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 419.6 m 323.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 419.6 m 369.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 419.6 m 477.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 419.6 m 530.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 380.6 m 323.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 380.6 m 327.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 380.6 m 369.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 380.6 m 477.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 380.6 m 530.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 380.6 m 323.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 363.6 m 323.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 361.6 m 323.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 380.6 m 369.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 363.6 m 369.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 361.6 m 369.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 380.6 m 424.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 363.6 m 424.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 361.6 m 424.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 380.6 m 477.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 363.6 m 477.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 361.6 m 477.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 380.6 m 530.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 363.6 m 530.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 361.6 m 530.5 361.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.70 452.83 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 452.83 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 423.83 Td (Acquisition and operating expenses, net of deferrals:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.00 423.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.00 423.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.50 423.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 439.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.10 431.83 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 423.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 439.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.10 431.83 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 423.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 410.85 Td (General expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 410.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.25 410.85 Td (107) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 410.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.25 410.85 Td (106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 410.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.30 410.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 410.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 410.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 410.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 410.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 397.85 Td (Acquisition expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.25 397.85 Td (325) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.25 397.85 Td (298) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.30 397.85 Td (219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 397.85 Td (27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 397.85 Td (79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 384.85 Td (Deferred acquisition costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.60 384.85 Td (\(313) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 384.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.60 384.85 Td (\(291) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 384.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.60 384.85 Td (\(217) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 384.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 384.85 Td (\(22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 384.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 384.85 Td (\(74) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 384.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 372.55 Td (Total acquisition and operating expenses, net of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 364.60 Td (deferrals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 366.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.25 366.85 Td (119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 366.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.25 366.85 Td (113) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 366.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.30 366.85 Td (102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 366.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 366.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 366.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 366.85 Td (11) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 342.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 342.10 Td (The ) Tj ET Q q 0 0 0 rg BT 135.83 342.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 171.87 342.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.21 342.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 232.15 342.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.88 342.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 290.92 342.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 332.81 342.10 Td (net ) Tj ET Q q 0 0 0 rg BT 348.31 342.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.92 342.10 Td (deferrals, ) Tj ET Q q 0 0 0 rg BT 400.68 342.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.07 342.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 457.24 342.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.24 342.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.53 342.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 523.23 342.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 330.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 143.16 330.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.16 330.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.44 330.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 197.14 330.10 Td (an ) Tj ET Q q 0 0 0 rg BT 208.85 330.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 243.88 330.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.93 330.10 Td (general ) Tj ET Q q 0 0 0 rg BT 285.63 330.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 324.01 330.10 Td (related ) Tj ET Q q 0 0 0 rg BT 353.48 330.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.54 330.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 404.69 330.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 448.05 330.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 481.16 330.10 Td (nearly ) Tj ET Q q 0 0 0 rg BT 508.42 330.10 Td (of) Tj ET Q q 0 0 0 rg BT 516.57 330.10 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 318.10 Td (by ) Tj ET Q q 0 0 0 rg BT 129.60 318.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 154.97 318.10 Td (long ) Tj ET Q q 0 0 0 rg BT 175.35 318.10 Td (term ) Tj ET Q q 0 0 0 rg BT 196.28 318.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 235.53 318.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 255.35 318.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.95 318.10 Td (year ) Tj ET Q q 0 0 0 rg BT 297.76 318.10 Td (over ) Tj ET Q q 0 0 0 rg BT 318.13 318.10 Td (year) Tj ET Q q 0 0 0 rg BT 334.78 318.10 Td (. ) Tj ET Q q 0 0 0 rg BT 339.89 318.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 365.82 318.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 412.31 318.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 451.01 318.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 491.36 318.10 Td ($27 ) Tj ET Q q 0 0 0 rg BT 508.96 318.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.56 318.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 306.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 143.89 306.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 166.89 306.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 209.31 306.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.09 306.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 246.98 306.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 269.98 306.10 Td (due ) Tj ET Q q 0 0 0 rg BT 287.42 306.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.20 306.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 326.74 306.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 381.97 306.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 410.52 306.10 Td (by ) Tj ET Q q 0 0 0 rg BT 423.52 306.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 464.27 306.10 Td (MYGA) Tj ET Q q 0 0 0 rg BT 494.28 306.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.28 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.72 306.10 Td (IUL) Tj ET Q q 0 0 0 rg BT 531.01 306.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 294.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 141.26 294.10 Td (This ) Tj ET Q q 0 0 0 rg BT 161.54 294.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 196.79 294.10 Td (was ) Tj ET Q q 0 0 0 rg BT 214.84 294.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 250.66 294.10 Td (of) Tj ET Q q 0 0 0 rg BT 258.81 294.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 275.75 294.10 Td (by ) Tj ET Q q 0 0 0 rg BT 288.25 294.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.19 294.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 354.90 294.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 390.15 294.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.43 294.10 Td (deferrals ) Tj ET Q q 0 0 0 rg BT 437.90 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.73 294.10 Td ($22.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 273.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 273.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 166.91 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.59 273.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 225.60 273.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 267.44 273.10 Td (net ) Tj ET Q q 0 0 0 rg BT 282.91 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.48 273.10 Td (deferrals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.70 273.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.45 273.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.70 273.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.05 273.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 430.18 273.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.18 273.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.43 273.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 496.10 273.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.12 273.10 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 261.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.00 261.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.28 261.10 Td (as ) Tj ET Q q 0 0 0 rg BT 151.89 261.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.60 261.10 Td (result ) Tj ET Q q 0 0 0 rg BT 185.10 261.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.70 261.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 225.53 261.10 Td (general ) Tj ET Q q 0 0 0 rg BT 258.23 261.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 297.61 261.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 341.98 261.10 Td (with ) Tj ET Q q 0 0 0 rg BT 363.04 261.10 Td (our ) Tj ET Q q 0 0 0 rg BT 379.64 261.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 416.79 261.10 Td (review ) Tj ET Q q 0 0 0 rg BT 447.28 261.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.99 261.10 Td (legacy ) Tj ET Q q 0 0 0 rg BT 494.37 261.10 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 249.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 175.44 249.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 199.45 249.10 Td (as ) Tj ET Q q 0 0 0 rg BT 210.68 249.10 Td (well ) Tj ET Q q 0 0 0 rg BT 230.79 249.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.02 249.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 270.47 249.10 Td (non-deferred ) Tj ET Q q 0 0 0 rg BT 325.01 249.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 371.79 249.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 410.79 249.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 450.90 249.10 Td (due ) Tj ET Q q 0 0 0 rg BT 468.23 249.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.91 249.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 494.47 249.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.37 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.71 249.10 Td (IUL) Tj ET Q q 0 0 0 rg BT 531.00 249.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 237.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 138.94 237.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 169.77 237.10 Td (year ) Tj ET Q q 0 0 0 rg BT 189.48 237.10 Td (over ) Tj ET Q q 0 0 0 rg BT 209.74 237.10 Td (year) Tj ET Q q 0 0 0 rg BT 226.40 237.10 Td (. ) Tj ET Q endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (69) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 137.41 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.24 742.25 Td (intangibles) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.80 742.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 723.25 Td (Below ) Tj ET Q q 0 0 0 rg BT 131.73 723.25 Td (is ) Tj ET Q q 0 0 0 rg BT 140.53 723.25 Td (a ) Tj ET Q q 0 0 0 rg BT 147.09 723.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 186.43 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.88 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.22 723.25 Td (major ) Tj ET Q q 0 0 0 rg BT 236.67 723.25 Td (components ) Tj ET Q q 0 0 0 rg BT 287.12 723.25 Td (included ) Tj ET Q q 0 0 0 rg BT 323.68 723.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.58 723.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 386.24 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.70 723.25 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 442.70 723.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.49 723.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 482.50 723.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 723.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.12 723.25 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 711.25 Td (, ) Tj ET Q q 0 0 0 rg BT 106.00 711.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.94 711.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 149.33 711.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.33 711.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 641.75 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 641.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 641.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 641.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 641.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 641.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 641.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 641.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 641.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 641.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 641.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 615.75 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 615.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 615.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 615.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 615.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 615.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 615.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 615.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 615.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 615.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 615.75 49.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 670.75 m 323.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 670.75 m 327.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 670.75 m 369.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 670.75 m 373.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 670.75 m 424.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 670.75 m 477.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 670.75 m 481.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 670.75 m 530.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 641.75 m 323.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 641.75 m 369.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 641.75 m 424.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 670.75 m 477.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 641.75 m 477.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 670.75 m 530.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 641.75 m 530.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 641.75 m 323.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 641.75 m 369.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 641.75 m 477.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 641.75 m 530.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 602.75 m 323.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 602.75 m 327.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 602.75 m 369.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 602.75 m 477.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 602.75 m 530.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 602.75 m 323.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 590.75 m 323.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 588.75 m 323.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 602.75 m 369.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 590.75 m 369.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 588.75 m 369.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 602.75 m 424.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 590.75 m 424.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 588.75 m 424.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 602.75 m 477.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 590.75 m 477.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 588.75 m 477.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 602.75 m 530.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 590.75 m 530.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 588.75 m 530.5 588.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.70 674.98 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 674.98 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 645.98 Td (Amortization of intangibles related to:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.00 645.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.00 645.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.50 645.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 661.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.10 653.98 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 645.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 661.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.10 653.98 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 645.98 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 633.00 Td (Unlocking) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 633.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.60 633.00 Td (\(27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 633.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 633.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.60 633.00 Td (\(23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 633.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 633.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.60 633.00 Td (\(25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 633.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 633.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.60 633.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 633.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 633.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 633.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 620.00 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.60 620.00 Td (\(45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 620.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.60 620.00 Td (\(34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 620.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.60 620.00 Td (\(29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 620.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 620.00 Td (\(11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 620.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 620.00 Td (\(5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 620.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 607.00 Td (Amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.25 607.00 Td (126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.25 607.00 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.30 607.00 Td (143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 607.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 607.00 Td (\(22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 607.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 594.00 Td (Total amortization of intangibles) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 594.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 594.00 Td (54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 594.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 594.00 Td (64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 594.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 594.00 Td (89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 594.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 594.00 Td (\(10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 594.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 594.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 594.00 Td (\(25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 594.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 569.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 569.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 173.58 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.17 569.25 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 232.31 569.25 Td (is ) Tj ET Q q 0 0 0 rg BT 242.24 569.25 Td (based ) Tj ET Q q 0 0 0 rg BT 268.27 569.25 Td (on ) Tj ET Q q 0 0 0 rg BT 281.53 569.25 Td (historical, ) Tj ET Q q 0 0 0 rg BT 324.50 569.25 Td (current ) Tj ET Q q 0 0 0 rg BT 356.07 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.77 569.25 Td (future ) Tj ET Q q 0 0 0 rg BT 400.91 569.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 439.70 569.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 464.07 569.25 Td (mar) Tj ET Q q 0 0 0 rg BT 479.44 569.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 499.37 569.25 Td (\(pre-tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 557.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 156.47 557.25 Td (income ) Tj ET Q q 0 0 0 rg BT 187.61 557.25 Td (before ) Tj ET Q q 0 0 0 rg BT 214.85 557.25 Td (amortization\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.93 557.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 298.52 557.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.52 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 320.23 557.25 Td (results ) Tj ET Q q 0 0 0 rg BT 348.04 557.25 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.18 557.25 Td ($27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.18 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 400.89 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.93 557.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 450.39 557.25 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 492.09 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 493.79 557.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 545.25 Td (from ) Tj ET Q q 0 0 0 rg BT 140.30 545.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 169.16 545.25 Td (market ) Tj ET Q q 0 0 0 rg BT 200.79 545.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 251.87 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.17 545.25 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 336.79 545.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 367.31 545.25 Td (assumption ) Tj ET Q q 0 0 0 rg BT 416.73 545.25 Td (updates. ) Tj ET Q q 0 0 0 rg BT 453.64 545.25 Td (Comparatively) Tj ET Q q 0 0 0 rg BT 512.42 545.25 Td (, ) Tj ET Q q 0 0 0 rg BT 518.78 545.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 533.25 Td (VOBA) Tj ET Q q 0 0 0 rg BT 144.78 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.72 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.10 533.25 Td (DAC ) Tj ET Q q 0 0 0 rg BT 186.15 533.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 238.63 533.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 272.77 533.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.82 533.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 326.64 533.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.64 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.58 533.25 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.95 533.25 Td ($23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.95 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.89 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.16 533.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 451.85 533.25 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 493.79 533.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 521.25 Td (due ) Tj ET Q q 0 0 0 rg BT 134.09 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.51 521.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 173.82 521.25 Td (assumption ) Tj ET Q q 0 0 0 rg BT 222.02 521.25 Td (updates. ) Tj ET Q q 0 0 0 rg BT 257.53 521.25 Td (The ) Tj ET Q q 0 0 0 rg BT 275.72 521.25 Td (year ) Tj ET Q q 0 0 0 rg BT 295.58 521.25 Td (over ) Tj ET Q q 0 0 0 rg BT 316.00 521.25 Td (year ) Tj ET Q q 0 0 0 rg BT 335.85 521.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 371.26 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.68 521.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 434.87 521.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.85 521.25 Td ($5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.85 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 458.50 521.25 Td (was ) Tj ET Q q 0 0 0 rg BT 476.70 521.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 516.56 521.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 127.67 509.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 156.10 509.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 182.86 509.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 206.86 509.25 Td (profits ) Tj ET Q q 0 0 0 rg BT 235.85 509.25 Td (\("AGPs"\) ) Tj ET Q q 0 0 0 rg BT 277.46 509.25 Td (on ) Tj ET Q q 0 0 0 rg BT 290.35 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.45 509.25 Td (DAC ) Tj ET Q q 0 0 0 rg BT 329.45 509.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 351.23 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.45 509.25 Td (business ) Tj ET Q q 0 0 0 rg BT 399.22 509.25 Td (\(LOBs\), ) Tj ET Q q 0 0 0 rg BT 435.16 509.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 477.48 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.59 509.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 522.69 509.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.69 497.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 182.25 497.25 Td (related ) Tj ET Q q 0 0 0 rg BT 212.93 497.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 257.50 497.25 Td (derivative. ) Tj ET Q q 0 0 0 rg BT 303.46 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.68 497.25 Td (The ) Tj ET Q q 0 0 0 rg BT 325.70 497.25 Td (year ) Tj ET Q q 0 0 0 rg BT 346.38 497.25 Td (over ) Tj ET Q q 0 0 0 rg BT 367.63 497.25 Td (year ) Tj ET Q q 0 0 0 rg BT 388.31 497.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 424.54 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 435.03 497.25 Td (AGPs ) Tj ET Q q 0 0 0 rg BT 462.40 497.25 Td (during ) Tj ET Q q 0 0 0 rg BT 491.98 497.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 515.46 497.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 485.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 156.73 485.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 184.79 485.25 Td (by ) Tj ET Q q 0 0 0 rg BT 197.31 485.25 Td (an ) Tj ET Q q 0 0 0 rg BT 209.27 485.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 244.54 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 254.83 485.25 Td (net ) Tj ET Q q 0 0 0 rg BT 269.57 485.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 315.96 485.25 Td (income ) Tj ET Q q 0 0 0 rg BT 347.92 485.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 366.53 485.25 Td (net ) Tj ET Q q 0 0 0 rg BT 381.27 485.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 427.66 485.25 Td (income ) Tj ET Q q 0 0 0 rg BT 459.61 485.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 503.80 485.25 Td (above\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.57 473.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 160.47 473.25 Td (net ) Tj ET Q q 0 0 0 rg BT 175.82 473.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 202.84 473.25 Td (on ) Tj ET Q q 0 0 0 rg BT 215.97 473.25 Td (available ) Tj ET Q q 0 0 0 rg BT 255.19 473.25 Td (for ) Tj ET Q q 0 0 0 rg BT 269.98 473.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 288.66 473.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 329.56 473.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 348.79 473.25 Td (net ) Tj ET Q q 0 0 0 rg BT 364.14 473.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 411.15 473.25 Td (gain/\(loss\) ) Tj ET Q q 0 0 0 rg BT 456.50 473.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 501.30 473.25 Td (above\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 461.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 152.44 461.25 Td (of) Tj ET Q q 0 0 0 rg BT 160.59 461.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 177.16 461.25 Td (by ) Tj ET Q q 0 0 0 rg BT 189.28 461.25 Td (an ) Tj ET Q q 0 0 0 rg BT 200.84 461.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 235.72 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 245.62 461.25 Td (FIA) Tj ET Q q 0 0 0 rg BT 261.18 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 263.31 461.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 298.19 461.25 Td (due ) Tj ET Q q 0 0 0 rg BT 314.75 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.66 461.25 Td (market ) Tj ET Q q 0 0 0 rg BT 354.54 461.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 402.77 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.67 461.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 429.80 461.25 Td (free ) Tj ET Q q 0 0 0 rg BT 447.46 461.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 468.46 461.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 486.68 461.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 516.57 461.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 449.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 147.71 449.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 191.22 449.25 Td (above\). ) Tj ET Q q 0 0 0 rg BT 222.77 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.61 449.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 256.44 449.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 296.04 449.25 Td (year) Tj ET Q q 0 0 0 rg BT 313.04 449.25 Td (-over) Tj ET Q q 0 0 0 rg BT 333.94 449.25 Td (-year ) Tj ET Q q 0 0 0 rg BT 356.32 449.25 Td (due ) Tj ET Q q 0 0 0 rg BT 372.60 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.22 449.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 423.50 449.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 453.67 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.84 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 479.02 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.64 449.25 Td (force ) Tj ET Q q 0 0 0 rg BT 511.02 449.25 Td (book ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 437.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 416.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 416.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 143.50 416.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.50 416.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.11 416.25 Td (results ) Tj ET Q q 0 0 0 rg BT 194.83 416.25 Td (included ) Tj ET Q q 0 0 0 rg BT 231.87 416.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 272.24 416.25 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 314.85 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.90 416.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 385.04 416.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 435.43 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.37 416.25 Td ($23 ) Tj ET Q q 0 0 0 rg BT 463.98 416.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 503.80 416.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 404.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.08 404.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 158.04 404.25 Td (assumption ) Tj ET Q q 0 0 0 rg BT 206.90 404.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 240.76 404.25 Td (made ) Tj ET Q q 0 0 0 rg BT 265.72 404.25 Td (during ) Tj ET Q q 0 0 0 rg BT 295.13 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.65 404.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 338.39 404.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 366.16 404.25 Td (. ) Tj ET Q q 0 0 0 rg BT 371.23 404.25 Td (Also ) Tj ET Q q 0 0 0 rg BT 393.43 404.25 Td (contributing ) Tj ET Q q 0 0 0 rg BT 445.62 404.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.70 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.22 404.25 Td (year ) Tj ET Q q 0 0 0 rg BT 492.73 404.25 Td (over ) Tj ET Q q 0 0 0 rg BT 513.80 404.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 392.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 153.92 392.25 Td (was ) Tj ET Q q 0 0 0 rg BT 171.99 392.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 197.26 392.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 227.54 392.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 251.16 392.25 Td (mar) Tj ET Q q 0 0 0 rg BT 266.53 392.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 285.71 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.99 392.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 322.39 392.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 344.90 392.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 384.62 392.25 Td (due ) Tj ET Q q 0 0 0 rg BT 401.57 392.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.86 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.58 392.25 Td (year ) Tj ET Q q 0 0 0 rg BT 446.30 392.25 Td (over ) Tj ET Q q 0 0 0 rg BT 466.58 392.25 Td (year ) Tj ET Q q 0 0 0 rg BT 486.30 392.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 523.22 392.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 380.25 Td (net ) Tj ET Q q 0 0 0 rg BT 132.23 380.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 179.12 380.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 203.24 380.25 Td (\(losses\), ) Tj ET Q q 0 0 0 rg BT 239.31 380.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 281.75 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.98 380.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 327.20 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.54 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.77 380.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 402.87 380.25 Td (related ) Tj ET Q q 0 0 0 rg BT 433.08 380.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 477.19 380.25 Td (derivative, ) Tj ET Q q 0 0 0 rg BT 522.68 380.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 368.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 156.77 368.25 Td (above. ) Tj ET Q q 0 0 0 rg BT 184.59 368.25 Td (Partially ) Tj ET Q q 0 0 0 rg BT 219.91 368.25 Td (of) Tj ET Q q 0 0 0 rg BT 228.06 368.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 259.50 368.25 Td (these ) Tj ET Q q 0 0 0 rg BT 281.49 368.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 321.24 368.25 Td (was ) Tj ET Q q 0 0 0 rg BT 338.23 368.25 Td (a ) Tj ET Q q 0 0 0 rg BT 344.11 368.25 Td (year ) Tj ET Q q 0 0 0 rg BT 362.76 368.25 Td (over ) Tj ET Q q 0 0 0 rg BT 381.97 368.25 Td (year ) Tj ET Q q 0 0 0 rg BT 400.62 368.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 434.82 368.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.04 368.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 496.01 368.25 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 356.25 Td (from ) Tj ET Q q 0 0 0 rg BT 138.95 356.25 Td (a ) Tj ET Q q 0 0 0 rg BT 145.90 356.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 194.50 356.25 Td (related ) Tj ET Q q 0 0 0 rg BT 224.22 356.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 267.83 356.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 310.32 356.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 330.05 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.89 356.25 Td ($92 ) Tj ET Q q 0 0 0 rg BT 358.41 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.70 356.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 395.10 356.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 417.61 356.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 459.55 356.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.84 356.25 Td (a ) Tj ET Q q 0 0 0 rg BT 476.79 356.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 494.87 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.71 356.25 Td ($42 ) Tj ET Q q 0 0 0 rg BT 523.23 356.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 344.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 143.39 344.25 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 323.25 Td (Other) Tj ET Q q 0 0 0 rg BT 106.37 323.25 Td ( items affecting net income ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 302.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 115.17 302.25 Td (expense) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 147.94 302.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 281.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 140.16 281.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 174.53 281.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.36 281.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 214.42 281.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.42 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.59 281.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.31 281.25 Td ($22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.31 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 271.48 281.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 313.08 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.03 281.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 357.40 281.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.90 281.25 Td ($24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.90 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 385.08 281.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.91 281.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 424.96 281.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.96 281.25 Td (. ) Tj ET Q q 0 0 0 rg BT 449.48 281.25 Td (The ) Tj ET Q q 0 0 0 rg BT 467.19 281.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 498.80 281.25 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 269.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 112.71 269.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 144.43 269.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 180.03 269.25 Td (on ) Tj ET Q q 0 0 0 rg BT 192.32 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.82 269.25 Td ($300 ) Tj ET Q q 0 0 0 rg BT 229.11 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.73 269.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 288.68 269.25 Td (6.375% ) Tj ET Q q 0 0 0 rg BT 321.79 269.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 348.52 269.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 371.91 269.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 389.75 269.25 Td ("Senior ) Tj ET Q q 0 0 0 rg BT 422.23 269.25 Td (Notes"\) ) Tj ET Q q 0 0 0 rg BT 455.25 269.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 482.54 269.25 Td (by ) Tj ET Q q 0 0 0 rg BT 494.83 269.25 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 523.23 269.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 257.25 Td (March ) Tj ET Q q 0 0 0 rg BT 109.53 257.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 134.28 257.25 Td (The ) Tj ET Q q 0 0 0 rg BT 152.26 257.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 201.36 257.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 229.90 257.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 255.66 257.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 272.53 257.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 304.39 257.25 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 363.47 257.25 Td (at ) Tj ET Q q 0 0 0 rg BT 373.12 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 379.99 257.25 Td (coupon ) Tj ET Q q 0 0 0 rg BT 411.86 257.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 429.27 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.03 257.25 Td (6.375%. ) Tj ET Q q 0 0 0 rg BT 475.62 257.25 Td (The ) Tj ET Q q 0 0 0 rg BT 493.60 257.25 Td (year ) Tj ET Q q 0 0 0 rg BT 513.23 257.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 245.25 Td (year ) Tj ET Q q 0 0 0 rg BT 100.04 245.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 136.28 245.25 Td (from ) Tj ET Q q 0 0 0 rg BT 157.55 245.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 183.27 245.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 205.10 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.71 245.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 240.42 245.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 262.25 245.25 Td (was ) Tj ET Q q 0 0 0 rg BT 279.63 245.25 Td (due ) Tj ET Q q 0 0 0 rg BT 295.90 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 305.51 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.56 245.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 371.92 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.08 245.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 427.22 245.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 446.27 245.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 481.97 245.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 503.80 245.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.02 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.49 233.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 133.84 233.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 159.41 233.25 Td (which ) Tj ET Q q 0 0 0 rg BT 186.10 233.25 Td (were ) Tj ET Q q 0 0 0 rg BT 207.77 233.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 228.90 233.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 271.13 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 281.15 233.25 Td (March ) Tj ET Q q 0 0 0 rg BT 309.50 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.07 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.53 233.25 Td (current ) Tj ET Q q 0 0 0 rg BT 365.09 233.25 Td (year) Tj ET Q q 0 0 0 rg BT 381.75 233.25 Td (. ) Tj ET Q q 0 0 0 rg BT 386.49 233.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 418.72 233.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 453.18 233.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.08 233.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 493.21 233.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.21 233.25 Td ( ) Tj ET Q q 0 0 0 rg BT 515.46 233.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 221.25 Td ($24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 221.25 Td (, ) Tj ET Q q 0 0 0 rg BT 101.00 221.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 142.92 221.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.20 221.25 Td ($23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.20 221.25 Td ( ) Tj ET Q q 0 0 0 rg BT 170.70 221.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.86 221.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 211.25 221.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.25 221.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 200.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 114.61 200.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 129.89 200.25 Td (expense) Tj ET Q BT /F4 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 179.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 179.25 Td (Below is a summary of the major components included in Income tax expense \(benefit\) for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.34 179.25 Td (Fiscal 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.72 179.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.72 179.25 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 167.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 167.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.94 167.25 Td (Fiscal 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.33 167.25 Td (: ) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (70) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 706.50 207.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 706.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 706.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 706.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 706.50 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 706.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 706.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 706.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 706.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 706.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 706.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 683.50 207.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 683.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 683.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 683.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 683.50 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 683.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 683.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 683.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 683.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 683.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 683.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 657.50 207.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 657.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 657.50 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 657.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 657.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 657.50 50.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 735.5 m 330.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 735.5 m 334.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 735.5 m 374.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 735.5 m 378.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 735.5 m 422.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 735.5 m 476.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 735.5 m 480.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 735.5 m 530.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 706.5 m 330.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 706.5 m 374.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 706.5 m 422.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 735.5 m 476.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 706.5 m 476.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 735.5 m 480.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 735.5 m 530.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 706.5 m 530.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 706.5 m 330.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 706.5 m 374.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 706.5 m 422.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 706.5 m 476.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 706.5 m 530.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 657.5 m 330.5 657.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 657.5 m 374.5 657.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 657.5 m 422.5 657.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 657.5 m 476.5 657.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 657.5 m 530.5 657.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 657.5 m 330.5 657.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 645.5 m 330.5 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 643.5 m 330.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 657.5 m 374.5 657.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 645.5 m 374.5 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 643.5 m 374.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 657.5 m 422.5 657.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 645.5 m 422.5 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 643.5 m 422.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 657.5 m 476.5 657.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 645.5 m 476.5 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 643.5 m 476.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 657.5 m 530.5 657.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 645.5 m 530.5 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 643.5 m 530.5 643.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.70 739.73 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.60 739.73 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.50 710.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.00 710.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 710.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 726.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.60 718.73 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 710.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.00 726.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.60 718.73 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.00 710.73 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 698.10 Td (Income before taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 698.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 698.10 Td (153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.00 698.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 698.10 Td (182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.00 698.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.25 698.10 Td (189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.00 698.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.60 698.10 Td (\(29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 698.10 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 698.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 698.10 Td (\(7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 698.10 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 675.10 Td (Income tax before valuation allowance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 675.10 Td (125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 675.10 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.25 675.10 Td (66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 675.10 Td (62) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 675.10 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 675.10 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 662.10 Td (Change in valuation allowance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.60 662.10 Td (\(69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.30 662.10 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 662.10 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 662.10 Td (\(40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.30 662.10 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.60 662.10 Td (\(70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 662.10 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 662.10 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 649.10 Td (Income tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 649.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 649.10 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.00 649.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 649.10 Td (64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.00 649.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.25 649.10 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.00 649.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.60 649.10 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 649.10 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 649.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 649.10 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 635.75 Td (Effective rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 635.75 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.30 635.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 635.75 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.30 635.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.25 635.75 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.30 635.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.30 635.75 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 635.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 635.75 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 635.75 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 611.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 611.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 149.78 611.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.79 611.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 199.79 611.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.24 611.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 240.92 611.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.92 611.00 Td ( ) Tj ET Q q 0 0 0 rg BT 263.71 611.00 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.06 611.00 Td ($56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.06 611.00 Td (, ) Tj ET Q q 0 0 0 rg BT 302.35 611.00 Td (net ) Tj ET Q q 0 0 0 rg BT 317.36 611.00 Td (of ) Tj ET Q q 0 0 0 rg BT 328.48 611.00 Td (a ) Tj ET Q q 0 0 0 rg BT 335.72 611.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 375.72 611.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 419.05 611.00 Td (release ) Tj ET Q q 0 0 0 rg BT 449.59 611.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.72 611.00 Td ($69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.72 611.00 Td (, ) Tj ET Q q 0 0 0 rg BT 481.01 611.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 523.23 611.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 599.00 Td (income ) Tj ET Q q 0 0 0 rg BT 148.54 599.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 162.87 599.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 197.19 599.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.63 599.00 Td ($64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.63 599.00 Td ( ) Tj ET Q q 0 0 0 rg BT 224.73 599.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.50 599.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 264.50 599.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.50 599.00 Td (, ) Tj ET Q q 0 0 0 rg BT 289.11 599.00 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 327.32 599.00 Td (of ) Tj ET Q q 0 0 0 rg BT 337.76 599.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 377.08 599.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 419.72 599.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 454.04 599.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.48 599.00 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.48 599.00 Td (. ) Tj ET Q q 0 0 0 rg BT 478.94 599.00 Td (The ) Tj ET Q q 0 0 0 rg BT 496.59 599.00 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 587.00 Td (in ) Tj ET Q q 0 0 0 rg BT 127.36 587.00 Td (income ) Tj ET Q q 0 0 0 rg BT 159.38 587.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 174.19 587.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 208.98 587.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.89 587.00 Td ($8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.89 587.00 Td ( ) Tj ET Q q 0 0 0 rg BT 232.48 587.00 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.50 587.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 280.97 587.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.97 587.00 Td ( ) Tj ET Q q 0 0 0 rg BT 303.56 587.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.92 587.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 340.40 587.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.40 587.00 Td ( ) Tj ET Q q 0 0 0 rg BT 362.98 587.00 Td (was ) Tj ET Q q 0 0 0 rg BT 381.12 587.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 420.92 587.00 Td (due ) Tj ET Q q 0 0 0 rg BT 437.94 587.00 Td (to ) Tj ET Q q 0 0 0 rg BT 448.30 587.00 Td (a ) Tj ET Q q 0 0 0 rg BT 455.33 587.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 492.33 587.00 Td (in ) Tj ET Q q 0 0 0 rg BT 502.69 587.00 Td (pre-tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 575.00 Td (income ) Tj ET Q q 0 0 0 rg BT 149.03 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 159.95 575.00 Td ($29 ) Tj ET Q q 0 0 0 rg BT 177.54 575.00 Td (year ) Tj ET Q q 0 0 0 rg BT 197.34 575.00 Td (over ) Tj ET Q q 0 0 0 rg BT 217.70 575.00 Td (year) Tj ET Q q 0 0 0 rg BT 234.36 575.00 Td (. ) Tj ET Q q 0 0 0 rg BT 239.26 575.00 Td (The ) Tj ET Q q 0 0 0 rg BT 257.40 575.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 297.21 575.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 340.33 575.00 Td (release ) Tj ET Q q 0 0 0 rg BT 370.68 575.00 Td (for ) Tj ET Q q 0 0 0 rg BT 384.93 575.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 411.41 575.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 434.00 575.00 Td (is ) Tj ET Q q 0 0 0 rg BT 443.27 575.00 Td (related ) Tj ET Q q 0 0 0 rg BT 473.06 575.00 Td (to ) Tj ET Q q 0 0 0 rg BT 483.43 575.00 Td (the ) Tj ET Q q 0 0 0 rg BT 498.24 575.00 Td (removal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 563.00 Td (of ) Tj ET Q q 0 0 0 rg BT 128.50 563.00 Td (the ) Tj ET Q q 0 0 0 rg BT 143.88 563.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 184.26 563.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 227.96 563.00 Td (against ) Tj ET Q q 0 0 0 rg BT 259.45 563.00 Td (life ) Tj ET Q q 0 0 0 rg BT 275.94 563.00 Td (company ) Tj ET Q q 0 0 0 rg BT 315.76 563.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 345.58 563.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 364.31 563.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 400.78 563.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.16 563.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 442.66 563.00 Td (that ) Tj ET Q q 0 0 0 rg BT 460.82 563.00 Td (expired ) Tj ET Q q 0 0 0 rg BT 493.97 563.00 Td (and ) Tj ET Q q 0 0 0 rg BT 511.58 563.00 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 551.00 Td (written ) Tj ET Q q 0 0 0 rg BT 147.83 551.00 Td (of) Tj ET Q q 0 0 0 rg BT 155.97 551.00 Td (f ) Tj ET Q q 0 0 0 rg BT 161.80 551.00 Td (in ) Tj ET Q q 0 0 0 rg BT 172.08 551.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.80 551.00 Td (first ) Tj ET Q q 0 0 0 rg BT 205.41 551.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 236.22 551.00 Td (of ) Tj ET Q q 0 0 0 rg BT 247.05 551.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 272.05 551.00 Td (and ) Tj ET Q q 0 0 0 rg BT 288.99 551.00 Td (therefore ) Tj ET Q q 0 0 0 rg BT 327.58 551.00 Td (had ) Tj ET Q q 0 0 0 rg BT 344.51 551.00 Td (no ) Tj ET Q q 0 0 0 rg BT 357.01 551.00 Td (net ) Tj ET Q q 0 0 0 rg BT 371.73 551.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 401.44 551.00 Td (to ) Tj ET Q q 0 0 0 rg BT 411.72 551.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.44 551.00 Td (overall ) Tj ET Q q 0 0 0 rg BT 456.70 551.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 471.42 551.00 Td (expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 530.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 530.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 149.41 530.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.05 530.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 198.68 530.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.77 530.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 239.08 530.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.08 530.00 Td ( ) Tj ET Q q 0 0 0 rg BT 261.50 530.00 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.48 530.00 Td ($64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.48 530.00 Td (, ) Tj ET Q q 0 0 0 rg BT 299.40 530.00 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 337.93 530.00 Td (of ) Tj ET Q q 0 0 0 rg BT 348.68 530.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 388.32 530.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 431.28 530.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 465.91 530.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.66 530.00 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.66 530.00 Td (, ) Tj ET Q q 0 0 0 rg BT 491.59 530.00 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 518.00 Td (to ) Tj ET Q q 0 0 0 rg BT 127.37 518.00 Td (income ) Tj ET Q q 0 0 0 rg BT 159.39 518.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 174.19 518.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 208.98 518.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.90 518.00 Td ($26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.90 518.00 Td ( ) Tj ET Q q 0 0 0 rg BT 237.49 518.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.73 518.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 278.21 518.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.21 518.00 Td (, ) Tj ET Q q 0 0 0 rg BT 303.29 518.00 Td (net ) Tj ET Q q 0 0 0 rg BT 318.10 518.00 Td (of ) Tj ET Q q 0 0 0 rg BT 329.02 518.00 Td (a ) Tj ET Q q 0 0 0 rg BT 336.04 518.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 375.84 518.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 418.96 518.00 Td (release ) Tj ET Q q 0 0 0 rg BT 449.30 518.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.22 518.00 Td ($40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.22 518.00 Td (. ) Tj ET Q q 0 0 0 rg BT 480.12 518.00 Td (The ) Tj ET Q q 0 0 0 rg BT 498.25 518.00 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 506.00 Td (in ) Tj ET Q q 0 0 0 rg BT 126.83 506.00 Td (income ) Tj ET Q q 0 0 0 rg BT 158.31 506.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 172.58 506.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 206.83 506.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.21 506.00 Td ($38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.21 506.00 Td ( ) Tj ET Q q 0 0 0 rg BT 234.26 506.00 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.75 506.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 281.69 506.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.69 506.00 Td ( ) Tj ET Q q 0 0 0 rg BT 303.74 506.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.57 506.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 339.50 506.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.50 506.00 Td ( ) Tj ET Q q 0 0 0 rg BT 361.55 506.00 Td (was ) Tj ET Q q 0 0 0 rg BT 379.16 506.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 418.42 506.00 Td (due ) Tj ET Q q 0 0 0 rg BT 434.91 506.00 Td (to ) Tj ET Q q 0 0 0 rg BT 444.73 506.00 Td (a ) Tj ET Q q 0 0 0 rg BT 451.22 506.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 490.48 506.00 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 494.00 Td (release ) Tj ET Q q 0 0 0 rg BT 147.09 494.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.21 494.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 183.44 494.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.44 494.00 Td ( ) Tj ET Q q 0 0 0 rg BT 205.78 494.00 Td (related ) Tj ET Q q 0 0 0 rg BT 235.32 494.00 Td (to ) Tj ET Q q 0 0 0 rg BT 245.44 494.00 Td (the ) Tj ET Q q 0 0 0 rg BT 260.00 494.00 Td (adoption ) Tj ET Q q 0 0 0 rg BT 297.33 494.00 Td (of ) Tj ET Q q 0 0 0 rg BT 308.00 494.00 Td (a ) Tj ET Q q 0 0 0 rg BT 314.78 494.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 329.34 494.00 Td (planning ) Tj ET Q q 0 0 0 rg BT 366.68 494.00 Td (strategy) Tj ET Q q 0 0 0 rg BT 397.68 494.00 Td (. ) Tj ET Q q 0 0 0 rg BT 402.52 494.00 Td (See ) Tj ET Q q 0 0 0 rg BT 419.30 494.00 Td (below ) Tj ET Q q 0 0 0 rg BT 446.08 494.00 Td (for ) Tj ET Q q 0 0 0 rg BT 460.08 494.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 502.41 494.00 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 473.00 Td (In ) Tj ET Q q 0 0 0 rg BT 118.22 473.00 Td (assessing ) Tj ET Q q 0 0 0 rg BT 157.34 473.00 Td (the ) Tj ET Q q 0 0 0 rg BT 171.45 473.00 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 228.87 473.00 Td (of ) Tj ET Q q 0 0 0 rg BT 239.10 473.00 Td (our ) Tj ET Q q 0 0 0 rg BT 254.32 473.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 289.52 473.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 303.63 473.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 331.36 473.00 Td (we ) Tj ET Q q 0 0 0 rg BT 344.91 473.00 Td (regularly ) Tj ET Q q 0 0 0 rg BT 382.90 473.00 Td (consider ) Tj ET Q q 0 0 0 rg BT 418.67 473.00 Td (the ) Tj ET Q q 0 0 0 rg BT 432.79 473.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 470.77 473.00 Td (outlined ) Tj ET Q q 0 0 0 rg BT 505.44 473.00 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 461.00 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 129.86 461.00 Td (Standards ) Tj ET Q q 0 0 0 rg BT 171.51 461.00 Td (Codification ) Tj ET Q q 0 0 0 rg BT 223.71 461.00 Td (\(ASC\) ) Tj ET Q q 0 0 0 rg BT 260.74 461.00 Td (T) Tj ET Q q 0 0 0 rg BT 266.15 461.00 Td (opic ) Tj ET Q q 0 0 0 rg BT 285.58 461.00 Td (740, ) Tj ET Q q 0 0 0 rg BT 305.28 461.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 341.75 461.00 Td (T) Tj ET Q q 0 0 0 rg BT 347.17 461.00 Td (axes. ) Tj ET Q q 0 0 0 rg BT 373.92 461.00 Td (The ) Tj ET Q q 0 0 0 rg BT 391.67 461.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 429.97 461.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 464.39 461.00 Td (an ) Tj ET Q q 0 0 0 rg BT 476.03 461.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 522.68 461.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 449.00 Td (both ) Tj ET Q q 0 0 0 rg BT 101.25 449.00 Td (positive ) Tj ET Q q 0 0 0 rg BT 135.39 449.00 Td (and ) Tj ET Q q 0 0 0 rg BT 152.30 449.00 Td (negative ) Tj ET Q q 0 0 0 rg BT 188.65 449.00 Td (evidence ) Tj ET Q q 0 0 0 rg BT 226.65 449.00 Td (in ) Tj ET Q q 0 0 0 rg BT 236.90 449.00 Td (determining ) Tj ET Q q 0 0 0 rg BT 287.70 449.00 Td (the ) Tj ET Q q 0 0 0 rg BT 302.39 449.00 Td (realizability ) Tj ET Q q 0 0 0 rg BT 352.61 449.00 Td (of ) Tj ET Q q 0 0 0 rg BT 363.42 449.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 399.20 449.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 413.89 449.00 Td (assets. ) Tj ET Q q 0 0 0 rg BT 441.64 449.00 Td (A) Tj ET Q q 0 0 0 rg BT 448.31 449.00 Td ( ) Tj ET Q q 0 0 0 rg BT 450.79 449.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 490.47 449.00 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 437.00 Td (is ) Tj ET Q q 0 0 0 rg BT 89.91 437.00 Td (required ) Tj ET Q q 0 0 0 rg BT 125.47 437.00 Td (to ) Tj ET Q q 0 0 0 rg BT 135.49 437.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 164.38 437.00 Td (our ) Tj ET Q q 0 0 0 rg BT 179.96 437.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 215.51 437.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 229.97 437.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 251.65 437.00 Td (to ) Tj ET Q q 0 0 0 rg BT 261.67 437.00 Td (an ) Tj ET Q q 0 0 0 rg BT 273.35 437.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 305.59 437.00 Td (that ) Tj ET Q q 0 0 0 rg BT 322.83 437.00 Td (is ) Tj ET Q q 0 0 0 rg BT 331.74 437.00 Td (more ) Tj ET Q q 0 0 0 rg BT 354.54 437.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 379.55 437.00 Td (than ) Tj ET Q q 0 0 0 rg BT 399.01 437.00 Td (not ) Tj ET Q q 0 0 0 rg BT 414.03 437.00 Td (to ) Tj ET Q q 0 0 0 rg BT 424.06 437.00 Td (be ) Tj ET Q q 0 0 0 rg BT 435.74 437.00 Td (realized. ) Tj ET Q q 0 0 0 rg BT 472.12 437.00 Td (In ) Tj ET Q q 0 0 0 rg BT 482.70 437.00 Td (determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 425.00 Td (the ) Tj ET Q q 0 0 0 rg BT 96.22 425.00 Td (net ) Tj ET Q q 0 0 0 rg BT 111.43 425.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 147.74 425.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 162.96 425.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 185.40 425.00 Td (and ) Tj ET Q q 0 0 0 rg BT 202.84 425.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 243.05 425.00 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 289.08 425.00 Td (we ) Tj ET Q q 0 0 0 rg BT 303.74 425.00 Td (are ) Tj ET Q q 0 0 0 rg BT 318.95 425.00 Td (required ) Tj ET Q q 0 0 0 rg BT 355.27 425.00 Td (to ) Tj ET Q q 0 0 0 rg BT 366.04 425.00 Td (make ) Tj ET Q q 0 0 0 rg BT 390.70 425.00 Td (judgments ) Tj ET Q q 0 0 0 rg BT 435.37 425.00 Td (and ) Tj ET Q q 0 0 0 rg BT 452.80 425.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 493.02 425.00 Td (related ) Tj ET Q q 0 0 0 rg BT 523.22 425.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 413.00 Td (projections ) Tj ET Q q 0 0 0 rg BT 127.88 413.00 Td (of ) Tj ET Q q 0 0 0 rg BT 138.67 413.00 Td (future ) Tj ET Q q 0 0 0 rg BT 164.99 413.00 Td (profitability) Tj ET Q q 0 0 0 rg BT 212.11 413.00 Td (. ) Tj ET Q q 0 0 0 rg BT 216.89 413.00 Td (These ) Tj ET Q q 0 0 0 rg BT 243.22 413.00 Td (judgments ) Tj ET Q q 0 0 0 rg BT 287.33 413.00 Td (include ) Tj ET Q q 0 0 0 rg BT 319.22 413.00 Td (the ) Tj ET Q q 0 0 0 rg BT 333.88 413.00 Td (following: ) Tj ET Q q 0 0 0 rg BT 378.00 413.00 Td (the ) Tj ET Q q 0 0 0 rg BT 392.67 413.00 Td (timing ) Tj ET Q q 0 0 0 rg BT 421.23 413.00 Td (and ) Tj ET Q q 0 0 0 rg BT 438.12 413.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 465.01 413.00 Td (of ) Tj ET Q q 0 0 0 rg BT 475.79 413.00 Td (the ) Tj ET Q q 0 0 0 rg BT 490.46 413.00 Td (utilization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 401.00 Td (of ) Tj ET Q q 0 0 0 rg BT 91.77 401.00 Td (net ) Tj ET Q q 0 0 0 rg BT 106.43 401.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 146.63 401.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 164.64 401.00 Td (carry-forwards, ) Tj ET Q q 0 0 0 rg BT 228.99 401.00 Td (the ) Tj ET Q q 0 0 0 rg BT 243.65 401.00 Td (reversals ) Tj ET Q q 0 0 0 rg BT 281.63 401.00 Td (of ) Tj ET Q q 0 0 0 rg BT 292.40 401.00 Td (temporary ) Tj ET Q q 0 0 0 rg BT 335.93 401.00 Td (dif) Tj ET Q q 0 0 0 rg BT 346.86 401.00 Td (ferences, ) Tj ET Q q 0 0 0 rg BT 385.11 401.00 Td (and ) Tj ET Q q 0 0 0 rg BT 401.99 401.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.64 401.00 Td (planning ) Tj ET Q q 0 0 0 rg BT 454.08 401.00 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 496.61 401.00 Td (W) Tj ET Q q 0 0 0 rg BT 505.25 401.00 Td (e ) Tj ET Q q 0 0 0 rg BT 512.13 401.00 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 389.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 119.09 389.00 Td (a ) Tj ET Q q 0 0 0 rg BT 126.63 389.00 Td (partial ) Tj ET Q q 0 0 0 rg BT 155.29 389.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 195.61 389.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 239.25 389.00 Td (of ) Tj ET Q q 0 0 0 rg BT 250.69 389.00 Td ($51 ) Tj ET Q q 0 0 0 rg BT 268.80 389.00 Td (against ) Tj ET Q q 0 0 0 rg BT 300.24 389.00 Td (our ) Tj ET Q q 0 0 0 rg BT 316.68 389.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 340.90 389.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 377.32 389.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 392.65 389.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 415.19 389.00 Td (of ) Tj ET Q q 0 0 0 rg BT 426.63 389.00 Td ($648 ) Tj ET Q q 0 0 0 rg BT 449.75 389.00 Td (as ) Tj ET Q q 0 0 0 rg BT 461.19 389.00 Td (of ) Tj ET Q q 0 0 0 rg BT 472.63 389.00 Td (September ) Tj ET Q q 0 0 0 rg BT 518.50 389.00 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 377.00 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 356.00 Td (W) Tj ET Q q 0 0 0 rg BT 116.64 356.00 Td (e ) Tj ET Q q 0 0 0 rg BT 125.01 356.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 163.93 356.00 Td (a ) Tj ET Q q 0 0 0 rg BT 172.31 356.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 213.45 356.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 257.92 356.00 Td (against ) Tj ET Q q 0 0 0 rg BT 290.18 356.00 Td (the ) Tj ET Q q 0 0 0 rg BT 306.33 356.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 343.57 356.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 359.72 356.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 386.98 356.00 Td (of ) Tj ET Q q 0 0 0 rg BT 399.24 356.00 Td (our ) Tj ET Q q 0 0 0 rg BT 416.51 356.00 Td (non-life ) Tj ET Q q 0 0 0 rg BT 452.10 356.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 494.34 356.00 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 344.00 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 132.42 344.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 149.68 344.00 Td (non-life ) Tj ET Q q 0 0 0 rg BT 183.04 344.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 223.06 344.00 Td (company ) Tj ET Q q 0 0 0 rg BT 261.42 344.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 310.34 344.00 Td (have ) Tj ET Q q 0 0 0 rg BT 330.93 344.00 Td (a ) Tj ET Q q 0 0 0 rg BT 337.07 344.00 Td (history ) Tj ET Q q 0 0 0 rg BT 366.56 344.00 Td (of ) Tj ET Q q 0 0 0 rg BT 376.59 344.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 402.19 344.00 Td (and ) Tj ET Q q 0 0 0 rg BT 418.33 344.00 Td (insuf) Tj ET Q q 0 0 0 rg BT 438.15 344.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 465.40 344.00 Td (sources ) Tj ET Q q 0 0 0 rg BT 497.09 344.00 Td (of ) Tj ET Q q 0 0 0 rg BT 507.13 344.00 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 332.00 Td (income ) Tj ET Q q 0 0 0 rg BT 114.54 332.00 Td (in ) Tj ET Q q 0 0 0 rg BT 126.43 332.00 Td (order ) Tj ET Q q 0 0 0 rg BT 151.63 332.00 Td (to ) Tj ET Q q 0 0 0 rg BT 163.52 332.00 Td (recognize ) Tj ET Q q 0 0 0 rg BT 206.49 332.00 Td (any ) Tj ET Q q 0 0 0 rg BT 225.03 332.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 258.03 332.00 Td (of ) Tj ET Q q 0 0 0 rg BT 270.47 332.00 Td (their ) Tj ET Q q 0 0 0 rg BT 292.90 332.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 330.31 332.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.64 332.00 Td (assets. ) Tj ET Q q 0 0 0 rg BT 376.28 332.00 Td (The ) Tj ET Q q 0 0 0 rg BT 395.93 332.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 440.58 332.00 Td (unutilized ) Tj ET Q q 0 0 0 rg BT 484.68 332.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 515.44 332.00 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 320.00 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 138.56 320.00 Td (of ) Tj ET Q q 0 0 0 rg BT 148.36 320.00 Td (our ) Tj ET Q q 0 0 0 rg BT 163.17 320.00 Td (life ) Tj ET Q q 0 0 0 rg BT 177.97 320.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 222.21 320.00 Td (expired ) Tj ET Q q 0 0 0 rg BT 253.68 320.00 Td (on ) Tj ET Q q 0 0 0 rg BT 265.15 320.00 Td (December ) Tj ET Q q 0 0 0 rg BT 307.71 320.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 321.69 320.00 Td (2015. ) Tj ET Q q 0 0 0 rg BT 345.56 320.00 Td (The ) Tj ET Q q 0 0 0 rg BT 362.58 320.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 397.37 320.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 411.06 320.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 435.87 320.00 Td (and ) Tj ET Q q 0 0 0 rg BT 451.78 320.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 490.47 320.00 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 308.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 124.77 308.00 Td (with ) Tj ET Q q 0 0 0 rg BT 145.22 308.00 Td (those ) Tj ET Q q 0 0 0 rg BT 169.00 308.00 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 227.76 308.00 Td (were ) Tj ET Q q 0 0 0 rg BT 249.86 308.00 Td (written ) Tj ET Q q 0 0 0 rg BT 280.86 308.00 Td (of) Tj ET Q q 0 0 0 rg BT 289.01 308.00 Td (f ) Tj ET Q q 0 0 0 rg BT 295.02 308.00 Td (at ) Tj ET Q q 0 0 0 rg BT 304.91 308.00 Td (December ) Tj ET Q q 0 0 0 rg BT 348.67 308.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 363.84 308.00 Td (2015. ) Tj ET Q q 0 0 0 rg BT 389.02 308.00 Td ( ) Tj ET Q q 0 0 0 rg BT 391.10 308.00 Td (As ) Tj ET Q q 0 0 0 rg BT 404.89 308.00 Td (of ) Tj ET Q q 0 0 0 rg BT 415.89 308.00 Td (September ) Tj ET Q q 0 0 0 rg BT 461.33 308.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 476.51 308.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 501.68 308.00 Td (there ) Tj ET Q q 0 0 0 rg BT 524.34 308.00 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 296.00 Td (no ) Tj ET Q q 0 0 0 rg BT 93.50 296.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 133.21 296.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 176.24 296.00 Td (placed ) Tj ET Q q 0 0 0 rg BT 204.84 296.00 Td (against ) Tj ET Q q 0 0 0 rg BT 235.66 296.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.38 296.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 286.19 296.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 300.90 296.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 326.73 296.00 Td (of ) Tj ET Q q 0 0 0 rg BT 337.56 296.00 Td (the ) Tj ET Q q 0 0 0 rg BT 352.28 296.00 Td (life ) Tj ET Q q 0 0 0 rg BT 368.10 296.00 Td (companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 275.00 Td (The ) Tj ET Q q 0 0 0 rg BT 127.28 275.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 168.22 275.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 212.48 275.00 Td (is ) Tj ET Q q 0 0 0 rg BT 222.88 275.00 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 263.25 275.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 303.08 275.00 Td (and ) Tj ET Q q 0 0 0 rg BT 321.25 275.00 Td (will ) Tj ET Q q 0 0 0 rg BT 340.53 275.00 Td (be ) Tj ET Q q 0 0 0 rg BT 353.70 275.00 Td (maintained ) Tj ET Q q 0 0 0 rg BT 401.86 275.00 Td (until ) Tj ET Q q 0 0 0 rg BT 423.92 275.00 Td (there ) Tj ET Q q 0 0 0 rg BT 447.64 275.00 Td (is ) Tj ET Q q 0 0 0 rg BT 458.04 275.00 Td (suf) Tj ET Q q 0 0 0 rg BT 470.08 275.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 499.35 275.00 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 263.00 Td (evidence ) Tj ET Q q 0 0 0 rg BT 119.06 263.00 Td (to ) Tj ET Q q 0 0 0 rg BT 129.36 263.00 Td (support ) Tj ET Q q 0 0 0 rg BT 161.89 263.00 Td (a ) Tj ET Q q 0 0 0 rg BT 168.86 263.00 Td (release. ) Tj ET Q q 0 0 0 rg BT 201.08 263.00 Td (At ) Tj ET Q q 0 0 0 rg BT 213.61 263.00 Td (each ) Tj ET Q q 0 0 0 rg BT 234.45 263.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 273.63 263.00 Td (date, ) Tj ET Q q 0 0 0 rg BT 295.31 263.00 Td (we ) Tj ET Q q 0 0 0 rg BT 309.50 263.00 Td (consider ) Tj ET Q q 0 0 0 rg BT 345.90 263.00 Td (new ) Tj ET Q q 0 0 0 rg BT 365.09 263.00 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 405.65 263.00 Td (both ) Tj ET Q q 0 0 0 rg BT 425.96 263.00 Td (positive ) Tj ET Q q 0 0 0 rg BT 460.15 263.00 Td (and ) Tj ET Q q 0 0 0 rg BT 477.11 263.00 Td (negative, ) Tj ET Q q 0 0 0 rg BT 516.01 263.00 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 251.00 Td (could ) Tj ET Q q 0 0 0 rg BT 106.15 251.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 136.29 251.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.44 251.00 Td (future ) Tj ET Q q 0 0 0 rg BT 178.25 251.00 Td (realization ) Tj ET Q q 0 0 0 rg BT 223.38 251.00 Td (of ) Tj ET Q q 0 0 0 rg BT 234.64 251.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 270.87 251.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 286.02 251.00 Td (assets. ) Tj ET Q q 0 0 0 rg BT 314.57 251.00 Td (W) Tj ET Q q 0 0 0 rg BT 323.21 251.00 Td (e ) Tj ET Q q 0 0 0 rg BT 330.58 251.00 Td (will ) Tj ET Q q 0 0 0 rg BT 349.07 251.00 Td (consider ) Tj ET Q q 0 0 0 rg BT 385.87 251.00 Td (a ) Tj ET Q q 0 0 0 rg BT 393.24 251.00 Td (release ) Tj ET Q q 0 0 0 rg BT 423.93 251.00 Td (of ) Tj ET Q q 0 0 0 rg BT 435.19 251.00 Td (the ) Tj ET Q q 0 0 0 rg BT 450.34 251.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 490.48 251.00 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 239.00 Td (once ) Tj ET Q q 0 0 0 rg BT 102.07 239.00 Td (there ) Tj ET Q q 0 0 0 rg BT 124.26 239.00 Td (is ) Tj ET Q q 0 0 0 rg BT 133.12 239.00 Td (suf) Tj ET Q q 0 0 0 rg BT 145.17 239.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 172.90 239.00 Td (positive ) Tj ET Q q 0 0 0 rg BT 206.77 239.00 Td (evidence ) Tj ET Q q 0 0 0 rg BT 244.50 239.00 Td (that ) Tj ET Q q 0 0 0 rg BT 261.69 239.00 Td (it ) Tj ET Q q 0 0 0 rg BT 269.44 239.00 Td (is ) Tj ET Q q 0 0 0 rg BT 278.31 239.00 Td (more ) Tj ET Q q 0 0 0 rg BT 301.05 239.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 326.02 239.00 Td (than ) Tj ET Q q 0 0 0 rg BT 345.44 239.00 Td (not ) Tj ET Q q 0 0 0 rg BT 360.41 239.00 Td (that ) Tj ET Q q 0 0 0 rg BT 377.61 239.00 Td (the ) Tj ET Q q 0 0 0 rg BT 392.02 239.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 427.52 239.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.94 239.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 467.46 239.00 Td (will ) Tj ET Q q 0 0 0 rg BT 485.22 239.00 Td (be ) Tj ET Q q 0 0 0 rg BT 496.85 239.00 Td (realized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 227.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 103.07 227.00 Td (release ) Tj ET Q q 0 0 0 rg BT 135.67 227.00 Td (of ) Tj ET Q q 0 0 0 rg BT 148.85 227.00 Td (the ) Tj ET Q q 0 0 0 rg BT 165.91 227.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 207.97 227.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 253.35 227.00 Td (will ) Tj ET Q q 0 0 0 rg BT 273.75 227.00 Td (be ) Tj ET Q q 0 0 0 rg BT 288.04 227.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 327.86 227.00 Td (as ) Tj ET Q q 0 0 0 rg BT 341.03 227.00 Td (a ) Tj ET Q q 0 0 0 rg BT 350.32 227.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 367.38 227.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 399.99 227.00 Td (increasing ) Tj ET Q q 0 0 0 rg BT 445.93 227.00 Td (net ) Tj ET Q q 0 0 0 rg BT 463.00 227.00 Td (income ) Tj ET Q q 0 0 0 rg BT 497.28 227.00 Td (or ) Tj ET Q q 0 0 0 rg BT 510.45 227.00 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 215.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 144.03 215.00 Td (income. ) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (AOI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.25 Td (The table below shows the adjustments made to reconcile net income to our ) Tj ET Q q 0 0 0 rg BT 386.20 723.25 Td (AOI: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 661.75 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 661.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 661.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 661.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 661.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 661.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 661.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 661.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 661.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 661.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 661.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 635.75 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 635.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 635.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 635.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 635.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 635.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 635.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 635.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 635.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 635.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 635.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 601.75 197.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 601.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 601.75 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 601.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 601.75 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 601.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 601.75 51.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 601.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 601.75 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 601.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 601.75 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 567.75 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 567.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 567.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 567.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 567.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 567.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 567.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 567.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 567.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 567.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 567.75 49.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 690.75 m 323.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 690.75 m 327.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 690.75 m 369.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 690.75 m 373.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 690.75 m 424.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 690.75 m 477.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 690.75 m 481.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 690.75 m 530.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 690.75 m 323.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 661.75 m 323.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 690.75 m 327.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 690.75 m 369.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 661.75 m 369.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 690.75 m 424.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 661.75 m 424.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 690.75 m 477.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 661.75 m 477.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 690.75 m 481.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 690.75 m 530.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 661.75 m 530.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 661.75 m 323.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 661.75 m 369.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 661.75 m 424.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 661.75 m 477.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 661.75 m 530.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 554.75 m 323.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 554.75 m 369.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 554.75 m 424.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 554.75 m 477.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 554.75 m 481.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 554.75 m 530.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 554.75 m 323.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 542.75 m 323.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 540.75 m 323.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 554.75 m 369.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 542.75 m 369.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 540.75 m 369.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 554.75 m 424.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 542.75 m 424.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 540.75 m 424.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 554.75 m 477.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 542.75 m 477.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 540.75 m 477.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 554.75 m 481.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 554.75 m 530.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 542.75 m 530.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 540.75 m 530.5 540.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.70 694.98 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 694.98 Td (Increase / \(Decrease\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 666.00 Td (Reconciliation from Net Income to AOI:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.00 665.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.00 665.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.50 665.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 681.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.10 673.98 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 665.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 681.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.10 673.98 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 665.98 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 653.00 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 653.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 653.00 Td (97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 653.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.25 653.00 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 653.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.30 653.00 Td (163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 653.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 653.00 Td (\(21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 653.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 653.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 653.00 Td (\(45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 653.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 640.00 Td (Adjustments to arrive at AOI:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 627.00 Td (Effect of investment losses \(gains\), net of offsets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 627.00 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 627.00 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.60 627.00 Td (\(85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 627.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.60 627.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 627.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 627.00 Td (98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 614.00 Td (Effect of change in FIA embedded derivative discount rate,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 606.00 Td (net of offsets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 606.00 Td (54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 606.00 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 606.00 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.60 606.00 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 606.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 606.00 Td (48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 593.00 Td (Effect of change in fair value of reinsurance related) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 585.00 Td (embedded derivative, net of offsets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 585.00 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.60 585.00 Td (\(69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 585.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 585.00 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 585.00 Td (106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 585.00 Td (\(103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 585.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 572.00 Td (Effects of class action litigation reserves, net of offsets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 572.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.60 572.00 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 572.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 572.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 572.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 572.00 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 572.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 559.00 Td (Tax impact of adjusting items) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.60 559.00 Td (\(35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 559.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.30 559.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 559.00 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 559.00 Td (\(36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 559.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 559.00 Td (\(13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 559.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.00 546.00 Td (AOI) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 546.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.25 546.00 Td (162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 546.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.25 546.00 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 546.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.30 546.00 Td (136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 546.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 546.00 Td (44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 546.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 546.00 Td (\(18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 546.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 521.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 521.25 Td (AOI ) Tj ET Q q 0 0 0 rg BT 137.66 521.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 178.30 521.25 Td ($44 ) Tj ET Q q 0 0 0 rg BT 196.19 521.25 Td (from ) Tj ET Q q 0 0 0 rg BT 218.51 521.25 Td ($1) Tj ET Q q 0 0 0 rg BT 228.14 521.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 241.03 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.70 521.25 Td ($162 ) Tj ET Q q 0 0 0 rg BT 274.58 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.25 521.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 312.02 521.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 337.20 521.25 Td (The ) Tj ET Q q 0 0 0 rg BT 355.64 521.25 Td (current ) Tj ET Q q 0 0 0 rg BT 386.84 521.25 Td (year ) Tj ET Q q 0 0 0 rg BT 406.93 521.25 Td (results ) Tj ET Q q 0 0 0 rg BT 435.93 521.25 Td (included ) Tj ET Q q 0 0 0 rg BT 473.25 521.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 509.25 Td ($17 ) Tj ET Q q 0 0 0 rg BT 134.42 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.17 509.25 Td (net ) Tj ET Q q 0 0 0 rg BT 159.81 509.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 199.98 509.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 250.17 509.25 Td (related ) Tj ET Q q 0 0 0 rg BT 279.79 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.99 509.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 315.18 509.25 Td (DAC ) Tj ET Q q 0 0 0 rg BT 338.71 509.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 391.67 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.53 509.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 439.81 509.25 Td (changes, ) Tj ET Q q 0 0 0 rg BT 476.94 509.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 516.57 509.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.17 497.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 156.55 497.25 Td (market ) Tj ET Q q 0 0 0 rg BT 187.71 497.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 238.31 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.14 497.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 286.18 497.25 Td (assumption ) Tj ET Q q 0 0 0 rg BT 335.13 497.25 Td (updates; ) Tj ET Q q 0 0 0 rg BT 371.85 497.25 Td ($7 ) Tj ET Q q 0 0 0 rg BT 385.24 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.96 497.25 Td (net ) Tj ET Q q 0 0 0 rg BT 412.56 497.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 453.71 497.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 507.62 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 518.79 497.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 485.25 Td (immediate ) Tj ET Q q 0 0 0 rg BT 163.18 485.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 197.14 485.25 Td (product ) Tj ET Q q 0 0 0 rg BT 231.66 485.25 Td (line ) Tj ET Q q 0 0 0 rg BT 250.63 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.04 485.25 Td (other ) Tj ET Q q 0 0 0 rg BT 293.55 485.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 326.39 485.25 Td (movements; ) Tj ET Q q 0 0 0 rg BT 379.24 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.65 485.25 Td ($6 ) Tj ET Q q 0 0 0 rg BT 411.62 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.92 485.25 Td (bond ) Tj ET Q q 0 0 0 rg BT 447.90 485.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 499.07 485.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 533.50 485.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 473.25 Td (Partially ) Tj ET Q q 0 0 0 rg BT 153.59 473.25 Td (of) Tj ET Q q 0 0 0 rg BT 161.74 473.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 194.44 473.25 Td (these ) Tj ET Q q 0 0 0 rg BT 217.70 473.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 258.16 473.25 Td (items ) Tj ET Q q 0 0 0 rg BT 282.53 473.25 Td (was ) Tj ET Q q 0 0 0 rg BT 300.79 473.25 Td ($4 ) Tj ET Q q 0 0 0 rg BT 313.50 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.53 473.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 363.34 473.25 Td (related ) Tj ET Q q 0 0 0 rg BT 393.25 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.74 473.25 Td (mer) Tj ET Q q 0 0 0 rg BT 419.10 473.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 434.58 473.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 481.16 473.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 503.87 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.01 473.25 Td ($2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.10 461.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 149.98 461.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 207.29 461.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 241.27 461.25 Td (related ) Tj ET Q q 0 0 0 rg BT 270.25 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.80 461.25 Td (our ) Tj ET Q q 0 0 0 rg BT 294.90 461.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 347.75 461.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 390.07 461.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 414.62 461.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 438.06 461.25 Td (which ) Tj ET Q q 0 0 0 rg BT 464.27 461.25 Td (were ) Tj ET Q q 0 0 0 rg BT 485.47 461.25 Td (reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 449.25 Td (from ) Tj ET Q q 0 0 0 rg BT 138.15 449.25 Td (an ) Tj ET Q q 0 0 0 rg BT 149.29 449.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 176.00 449.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 194.92 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.41 449.25 Td (a ) Tj ET Q q 0 0 0 rg BT 210.55 449.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 243.37 449.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 262.29 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.78 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.71 449.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 311.85 449.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 341.88 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.91 449.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 373.62 449.25 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 397.53 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.01 449.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 432.60 449.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 444.31 449.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 468.79 449.25 Td (Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.09 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 142.19 437.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 173.38 437.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 227.92 437.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 266.89 437.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 312.54 437.25 Td (for ) Tj ET Q q 0 0 0 rg BT 325.96 437.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 367.71 437.25 Td (details\). ) Tj ET Q q 0 0 0 rg BT 401.41 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.17 437.25 Td (Comparatively) Tj ET Q q 0 0 0 rg BT 461.95 437.25 Td (, ) Tj ET Q q 0 0 0 rg BT 466.21 437.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 491.86 437.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 513.24 437.25 Td (AOI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 425.25 Td (included ) Tj ET Q q 0 0 0 rg BT 153.05 425.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 212.43 425.25 Td ($16 ) Tj ET Q q 0 0 0 rg BT 229.05 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.99 425.25 Td (net ) Tj ET Q q 0 0 0 rg BT 252.83 425.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 292.20 425.25 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 344.09 425.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 382.92 425.25 Td (related ) Tj ET Q q 0 0 0 rg BT 411.74 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.14 425.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 449.41 425.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 485.45 425.25 Td (assumption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 413.25 Td (review ) Tj ET Q q 0 0 0 rg BT 147.39 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 165.01 413.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 215.40 413.25 Td (income; ) Tj ET Q q 0 0 0 rg BT 250.79 413.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 287.30 413.25 Td (of) Tj ET Q q 0 0 0 rg BT 295.45 413.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 313.07 413.25 Td (by ) Tj ET Q q 0 0 0 rg BT 326.25 413.25 Td (net ) Tj ET Q q 0 0 0 rg BT 341.65 413.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 392.59 413.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 443.55 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.06 413.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 516.00 413.25 Td ($14 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 401.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 156.77 401.25 Td (related ) Tj ET Q q 0 0 0 rg BT 186.53 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.87 401.25 Td (mortality ) Tj ET Q q 0 0 0 rg BT 236.09 401.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 281.95 401.25 Td (on ) Tj ET Q q 0 0 0 rg BT 294.50 401.25 Td (life ) Tj ET Q q 0 0 0 rg BT 310.39 401.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 355.16 401.25 Td (immediate ) Tj ET Q q 0 0 0 rg BT 399.92 401.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 432.48 401.25 Td (polices ) Tj ET Q q 0 0 0 rg BT 463.36 401.25 Td (as ) Tj ET Q q 0 0 0 rg BT 474.25 401.25 Td (well ) Tj ET Q q 0 0 0 rg BT 494.03 401.25 Td (as ) Tj ET Q q 0 0 0 rg BT 504.92 401.25 Td (legacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 389.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 156.15 389.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 214.19 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.13 389.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 267.50 389.25 Td (review ) Tj ET Q q 0 0 0 rg BT 297.21 389.25 Td (related ) Tj ET Q q 0 0 0 rg BT 326.91 389.25 Td (expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 370.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 370.25 Td (AOI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.16 370.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.57 370.25 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.95 370.25 Td ($18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.95 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 202.34 370.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.16 370.25 Td ($136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.16 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.54 370.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.58 370.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 294.85 370.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.85 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.24 370.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.40 370.25 Td ($1) Tj ET Q q 0 0 0 rg BT 341.03 370.25 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.03 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 355.41 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 367.57 370.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 395.84 370.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 422.72 370.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 450.99 370.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 474.41 370.25 Td (AOI ) Tj ET Q q 0 0 0 rg BT 496.56 370.25 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 358.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 176.98 358.25 Td ($16 ) Tj ET Q q 0 0 0 rg BT 194.20 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.75 358.25 Td (net ) Tj ET Q q 0 0 0 rg BT 219.19 358.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 259.16 358.25 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 311.66 358.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 351.09 358.25 Td (related ) Tj ET Q q 0 0 0 rg BT 380.51 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.51 358.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 419.39 358.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 456.03 358.25 Td (assumption ) Tj ET Q q 0 0 0 rg BT 503.80 358.25 Td (review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.79 346.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 183.34 346.25 Td (income; ) Tj ET Q q 0 0 0 rg BT 217.90 346.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 253.57 346.25 Td (of) Tj ET Q q 0 0 0 rg BT 261.72 346.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 278.51 346.25 Td (by ) Tj ET Q q 0 0 0 rg BT 290.86 346.25 Td (net ) Tj ET Q q 0 0 0 rg BT 305.43 346.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 355.53 346.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 405.66 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.34 346.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 476.44 346.25 Td ($14 ) Tj ET Q q 0 0 0 rg BT 493.79 346.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 334.25 Td (related ) Tj ET Q q 0 0 0 rg BT 146.80 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.18 334.25 Td (mortality ) Tj ET Q q 0 0 0 rg BT 196.44 334.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 242.34 334.25 Td (on ) Tj ET Q q 0 0 0 rg BT 254.94 334.25 Td (life ) Tj ET Q q 0 0 0 rg BT 270.86 334.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 315.67 334.25 Td (immediate ) Tj ET Q q 0 0 0 rg BT 360.48 334.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 393.07 334.25 Td (polices ) Tj ET Q q 0 0 0 rg BT 424.00 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 434.93 334.25 Td (well ) Tj ET Q q 0 0 0 rg BT 454.74 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 465.67 334.25 Td (legacy ) Tj ET Q q 0 0 0 rg BT 494.36 334.25 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 322.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 175.77 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.44 322.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 230.54 322.25 Td (review ) Tj ET Q q 0 0 0 rg BT 260.98 322.25 Td (related ) Tj ET Q q 0 0 0 rg BT 291.41 322.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 333.24 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 336.47 322.25 Td (Comparatively) Tj ET Q q 0 0 0 rg BT 395.25 322.25 Td (, ) Tj ET Q q 0 0 0 rg BT 400.98 322.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 428.10 322.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 451.33 322.25 Td (included ) Tj ET Q q 0 0 0 rg BT 488.99 322.25 Td ($46 ) Tj ET Q q 0 0 0 rg BT 507.22 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.78 322.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 310.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 157.25 310.25 Td (items ) Tj ET Q q 0 0 0 rg BT 181.42 310.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 221.13 310.25 Td (related ) Tj ET Q q 0 0 0 rg BT 250.83 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 261.11 310.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 275.83 310.25 Td (benefits.) Tj ET Q endstream endobj 145 0 obj <>] /Rotate 0 /Contents 146 0 R>> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (72) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 129.06 742.25 Td (Portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 727.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 84.33 727.25 Td (All dollar amounts pr) Tj ET Q q 0 0 0 rg BT 170.36 727.25 Td (esented in millions unless otherwise noted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.95 727.25 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 708.25 Td (The ) Tj ET Q q 0 0 0 rg BT 123.08 708.25 Td (types ) Tj ET Q q 0 0 0 rg BT 146.72 708.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.59 708.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 183.45 708.25 Td (in ) Tj ET Q q 0 0 0 rg BT 193.76 708.25 Td (which ) Tj ET Q q 0 0 0 rg BT 220.74 708.25 Td (we ) Tj ET Q q 0 0 0 rg BT 234.93 708.25 Td (may ) Tj ET Q q 0 0 0 rg BT 254.68 708.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 281.10 708.25 Td (are ) Tj ET Q q 0 0 0 rg BT 295.84 708.25 Td (influenced ) Tj ET Q q 0 0 0 rg BT 340.58 708.25 Td (by ) Tj ET Q q 0 0 0 rg BT 353.12 708.25 Td (various ) Tj ET Q q 0 0 0 rg BT 385.09 708.25 Td (state ) Tj ET Q q 0 0 0 rg BT 405.95 708.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 429.31 708.25 Td (which ) Tj ET Q q 0 0 0 rg BT 456.28 708.25 Td (prescribe ) Tj ET Q q 0 0 0 rg BT 495.46 708.25 Td (qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 696.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 128.27 696.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 154.98 696.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 199.46 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 210.62 696.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 252.32 696.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 300.73 696.25 Td (W) Tj ET Q q 0 0 0 rg BT 309.76 696.25 Td (ithin ) Tj ET Q q 0 0 0 rg BT 331.48 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.09 696.25 Td (parameters ) Tj ET Q q 0 0 0 rg BT 394.33 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.05 696.25 Td (these ) Tj ET Q q 0 0 0 rg BT 429.98 696.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 454.20 696.25 Td (we ) Tj ET Q q 0 0 0 rg BT 469.24 696.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 496.51 696.25 Td (in ) Tj ET Q q 0 0 0 rg BT 507.68 696.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 684.25 Td (giving ) Tj ET Q q 0 0 0 rg BT 107.91 684.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 163.13 684.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.26 684.25 Td (four ) Tj ET Q q 0 0 0 rg BT 190.28 684.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 223.29 684.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 268.52 684.25 Td (objectives: ) Tj ET Q q 0 0 0 rg BT 313.19 684.25 Td (\(i\)maintain ) Tj ET Q q 0 0 0 rg BT 361.47 684.25 Td (robust ) Tj ET Q q 0 0 0 rg BT 387.83 684.25 Td (absolute ) Tj ET Q q 0 0 0 rg BT 422.50 684.25 Td (returns; ) Tj ET Q q 0 0 0 rg BT 454.40 684.25 Td (\(ii\)provide ) Tj ET Q q 0 0 0 rg BT 501.02 684.25 Td (reliable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 672.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 104.95 672.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.35 672.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 171.19 672.25 Td (income; ) Tj ET Q q 0 0 0 rg BT 207.36 672.25 Td (\(iii\)preserve ) Tj ET Q q 0 0 0 rg BT 262.68 672.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 293.29 672.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.68 672.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 330.08 672.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 364.58 672.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 402.43 672.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.17 672.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 437.56 672.25 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 492.06 672.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.45 672.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 660.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 121.25 660.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 170.70 660.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 641.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.07 641.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 167.47 641.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 203.99 641.25 Td (is ) Tj ET Q q 0 0 0 rg BT 212.18 641.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 249.25 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.54 641.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 300.61 641.25 Td (stable ) Tj ET Q q 0 0 0 rg BT 325.45 641.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 360.85 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.81 641.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 408.86 641.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 425.38 641.25 Td (across ) Tj ET Q q 0 0 0 rg BT 451.89 641.25 Td (diverse ) Tj ET Q q 0 0 0 rg BT 482.29 641.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 503.24 641.25 Td (classes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 629.25 Td (is ) Tj ET Q q 0 0 0 rg BT 107.11 629.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 146.82 629.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 182.65 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.92 629.25 Td (high ) Tj ET Q q 0 0 0 rg BT 213.20 629.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 243.48 629.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 266.52 629.25 Td (income ) Tj ET Q q 0 0 0 rg BT 298.46 629.25 Td (securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 610.25 Td (As ) Tj ET Q q 0 0 0 rg BT 118.46 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.13 610.25 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.25 610.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 209.36 610.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.36 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.70 610.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.48 610.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.48 610.25 Td (, ) Tj ET Q q 0 0 0 rg BT 273.32 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.88 610.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 304.10 610.25 Td (value ) Tj ET Q q 0 0 0 rg BT 328.10 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.77 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 354.45 610.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 400.67 610.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 438.01 610.25 Td (was ) Tj ET Q q 0 0 0 rg BT 455.90 610.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 610.25 Td ($21 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 598.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.11 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.61 598.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.55 598.25 Td ($19 ) Tj ET Q q 0 0 0 rg BT 144.05 598.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.17 598.25 Td (, ) Tj ET Q q 0 0 0 rg BT 175.17 598.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 222.83 598.25 Td (, ) Tj ET Q q 0 0 0 rg BT 227.83 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.76 598.25 Td (was ) Tj ET Q q 0 0 0 rg BT 262.82 598.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 295.31 598.25 Td (among ) Tj ET Q q 0 0 0 rg BT 325.03 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.75 598.25 Td (following ) Tj ET Q q 0 0 0 rg BT 381.13 598.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 403.07 598.25 Td (class ) Tj ET Q q 0 0 0 rg BT 425.01 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.95 598.25 Td (sectors: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 541.75 198.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 541.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 541.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 541.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 541.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 541.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 541.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 541.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 541.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 515.75 202.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 515.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 515.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 515.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 515.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 515.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 515.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 515.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 489.75 202.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 489.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 489.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 489.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 489.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 489.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 489.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 489.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 463.75 202.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 463.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 463.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 463.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 463.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 463.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 463.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 463.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 437.75 202.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 437.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 437.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 437.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 437.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 437.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 437.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 437.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 411.75 202.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 411.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 411.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 411.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 411.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 411.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 411.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 411.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 385.75 202.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 385.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 385.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 385.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 385.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 385.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 385.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 385.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 359.75 202.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 359.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 359.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 359.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 359.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 359.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 359.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 359.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 333.75 202.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 333.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 333.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 333.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 333.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 333.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 333.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 333.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 307.75 202.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 307.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 307.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 307.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 307.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 307.75 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 307.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 307.75 59.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 563.75 m 341.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 563.75 m 345.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 563.75 m 404.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 563.75 m 467.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 563.75 m 471.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 563.75 m 530.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 541.75 m 341.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 541.75 m 404.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 541.75 m 467.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 541.75 m 530.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 541.75 m 341.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 541.75 m 404.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 541.75 m 467.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 541.75 m 530.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 346.75 m 341.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 346.75 m 404.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 346.75 m 467.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 346.75 m 530.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 294.75 m 341.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 294.75 m 404.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 294.75 m 467.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 294.75 m 530.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 294.75 m 341.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 282.75 m 341.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 280.75 m 341.5 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 294.75 m 404.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 282.75 m 404.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 280.75 m 404.5 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 294.75 m 467.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 282.75 m 467.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 280.75 m 467.5 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 294.75 m 530.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 282.75 m 530.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 280.75 m 530.5 280.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.60 567.98 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 567.98 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.65 545.98 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.45 545.98 Td (Percent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.65 545.98 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.45 545.98 Td (Percent) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 520.00 Td (Fixed maturity securities, available for sale:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 507.00 Td ( United States Government full faith and credit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 507.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.30 507.00 Td (243) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 507.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 507.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 507.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 507.00 Td (244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 507.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 507.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 494.00 Td ( United States Government sponsored entities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.30 494.00 Td (115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 494.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 494.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 494.00 Td (137) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 494.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 494.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 481.00 Td ( United States municipalities, states and territories) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 481.00 Td (1,717) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 481.00 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 481.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 481.00 Td (1,608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 481.00 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 481.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 468.00 Td (Corporate securities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 455.00 Td ( Finance, insurance and real estate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 455.00 Td (5,463) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 455.00 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 455.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 455.00 Td (4,446) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 455.00 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 455.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 442.00 Td ( Manufacturing, construction and mining) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.30 442.00 Td (863) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 442.00 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 442.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 442.00 Td (772) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 442.00 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 442.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 429.00 Td ( Utilities, ener) Tj ET Q q 0 0 0 rg BT 134.40 429.00 Td (gy and related sectors) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 429.00 Td (1,881) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 429.00 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 429.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 429.00 Td (1,849) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 429.00 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 429.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 416.00 Td ( Wholesale/retail trade) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 416.00 Td (1,277) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 416.00 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 416.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 416.00 Td (1,027) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 416.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 416.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 403.00 Td ( Services, media and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 403.00 Td (1,856) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 403.00 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 403.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 403.00 Td (1,436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 403.00 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 403.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 390.00 Td (Hybrid securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 390.00 Td (1,386) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 390.00 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 390.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 390.00 Td (1,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 390.00 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 390.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 377.00 Td (Non-agency residential mortgage backed securities ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 377.00 Td (1,247) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 377.00 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 377.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 377.00 Td (2,025) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 377.00 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 377.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 364.00 Td (Commercial mortgage backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.30 364.00 Td (864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 364.00 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 364.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 364.00 Td (882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 364.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 364.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 351.00 Td (Asset backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 351.00 Td (2,499) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 351.00 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 351.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 351.00 Td (2,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 351.00 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 351.00 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 337.98 Td (Total fixed maturity available for sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 338.00 Td (19,411) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 338.00 Td (93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 338.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 338.00 Td (17,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 338.00 Td (93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 338.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 325.00 Td (Equity securities \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.30 325.00 Td (683) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 325.00 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 325.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 325.00 Td (620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 325.00 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 325.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 312.00 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.30 312.00 Td (614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 312.00 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 312.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 312.00 Td (490) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 312.00 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 312.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 299.00 Td (Other \(primarily derivatives and loan participations\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.30 299.00 Td (334) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 299.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 299.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 299.00 Td (235) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 299.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 299.00 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 285.98 Td (Total investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 286.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 286.00 Td (21,042) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 286.00 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 286.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 286.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 286.00 Td (19,091) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 286.00 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 286.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 269.65 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 91.24 269.65 Td (Includes ) Tj ET Q q 0 0 0 rg BT 119.70 269.65 Td (investment ) Tj ET Q q 0 0 0 rg BT 156.16 269.65 Td (grade ) Tj ET Q q 0 0 0 rg BT 175.29 269.65 Td (non-redeemable ) Tj ET Q q 0 0 0 rg BT 228.18 269.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 258.84 269.65 Td (stocks ) Tj ET Q q 0 0 0 rg BT 280.20 269.65 Td (\() Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.87 269.65 Td ($577) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.87 269.65 Td ( ) Tj ET Q q 0 0 0 rg BT 300.23 269.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.14 269.65 Td ($523) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.14 269.65 Td (, ) Tj ET Q q 0 0 0 rg BT 332.50 269.65 Td (respectively\) ) Tj ET Q q 0 0 0 rg BT 375.17 269.65 Td (and ) Tj ET Q q 0 0 0 rg BT 388.08 269.65 Td (Federal ) Tj ET Q q 0 0 0 rg BT 413.43 269.65 Td (Home ) Tj ET Q q 0 0 0 rg BT 434.34 269.65 Td (Loan ) Tj ET Q q 0 0 0 rg BT 452.13 269.65 Td (Bank ) Tj ET Q q 0 0 0 rg BT 470.38 269.65 Td (of ) Tj ET Q q 0 0 0 rg BT 478.10 269.65 Td (Atlanta ) Tj ET Q q 0 0 0 rg BT 503.01 269.65 Td (common ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 260.05 Td (stock ) Tj ET Q q 0 0 0 rg BT 99.89 260.05 Td (\() Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.55 260.05 Td ($40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 114.55 260.05 Td ( ) Tj ET Q q 0 0 0 rg BT 116.55 260.05 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 130.10 260.05 Td ($35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.10 260.05 Td (, ) Tj ET Q q 0 0 0 rg BT 146.10 260.05 Td (respectively\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 236.05 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 144.62 236.05 Td (statutes ) Tj ET Q q 0 0 0 rg BT 176.86 236.05 Td (regulate ) Tj ET Q q 0 0 0 rg BT 211.32 236.05 Td (the ) Tj ET Q q 0 0 0 rg BT 225.79 236.05 Td (type ) Tj ET Q q 0 0 0 rg BT 245.25 236.05 Td (of ) Tj ET Q q 0 0 0 rg BT 255.83 236.05 Td (investments ) Tj ET Q q 0 0 0 rg BT 305.86 236.05 Td (that ) Tj ET Q q 0 0 0 rg BT 323.10 236.05 Td (our ) Tj ET Q q 0 0 0 rg BT 338.69 236.05 Td (life ) Tj ET Q q 0 0 0 rg BT 354.26 236.05 Td (insurance ) Tj ET Q q 0 0 0 rg BT 394.83 236.05 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 444.30 236.05 Td (are ) Tj ET Q q 0 0 0 rg BT 458.75 236.05 Td (permitted ) Tj ET Q q 0 0 0 rg BT 499.33 236.05 Td (to ) Tj ET Q q 0 0 0 rg BT 509.35 236.05 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 224.05 Td (and ) Tj ET Q q 0 0 0 rg BT 98.84 224.05 Td (limit ) Tj ET Q q 0 0 0 rg BT 121.14 224.05 Td (the ) Tj ET Q q 0 0 0 rg BT 136.76 224.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 170.16 224.05 Td (of ) Tj ET Q q 0 0 0 rg BT 181.90 224.05 Td (funds ) Tj ET Q q 0 0 0 rg BT 207.52 224.05 Td (that ) Tj ET Q q 0 0 0 rg BT 225.92 224.05 Td (may ) Tj ET Q q 0 0 0 rg BT 246.54 224.05 Td (be ) Tj ET Q q 0 0 0 rg BT 259.39 224.05 Td (used ) Tj ET Q q 0 0 0 rg BT 281.12 224.05 Td (for ) Tj ET Q q 0 0 0 rg BT 296.19 224.05 Td (any ) Tj ET Q q 0 0 0 rg BT 314.03 224.05 Td (one ) Tj ET Q q 0 0 0 rg BT 331.87 224.05 Td (type ) Tj ET Q q 0 0 0 rg BT 352.50 224.05 Td (of ) Tj ET Q q 0 0 0 rg BT 364.23 224.05 Td (investment. ) Tj ET Q q 0 0 0 rg BT 414.02 224.05 Td (In ) Tj ET Q q 0 0 0 rg BT 425.75 224.05 Td (light ) Tj ET Q q 0 0 0 rg BT 447.49 224.05 Td (of ) Tj ET Q q 0 0 0 rg BT 459.23 224.05 Td (these ) Tj ET Q q 0 0 0 rg BT 483.18 224.05 Td (statutes ) Tj ET Q q 0 0 0 rg BT 516.58 224.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 212.05 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 130.34 212.05 Td (and ) Tj ET Q q 0 0 0 rg BT 147.18 212.05 Td (our ) Tj ET Q q 0 0 0 rg BT 162.92 212.05 Td (business ) Tj ET Q q 0 0 0 rg BT 199.21 212.05 Td (and ) Tj ET Q q 0 0 0 rg BT 216.06 212.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 262.34 212.05 Td (strategy) Tj ET Q q 0 0 0 rg BT 293.35 212.05 Td (, ) Tj ET Q q 0 0 0 rg BT 298.25 212.05 Td (we ) Tj ET Q q 0 0 0 rg BT 312.32 212.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 351.93 212.05 Td (seek ) Tj ET Q q 0 0 0 rg BT 372.10 212.05 Td (to ) Tj ET Q q 0 0 0 rg BT 382.28 212.05 Td (invest ) Tj ET Q q 0 0 0 rg BT 408.57 212.05 Td (in ) Tj ET Q q 0 0 0 rg BT 418.76 212.05 Td (\(i\)corporate ) Tj ET Q q 0 0 0 rg BT 470.85 212.05 Td (securities ) Tj ET Q q 0 0 0 rg BT 511.02 212.05 Td (rated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 200.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.27 200.05 Td (grade ) Tj ET Q q 0 0 0 rg BT 149.88 200.05 Td (by ) Tj ET Q q 0 0 0 rg BT 161.27 200.05 Td (established ) Tj ET Q q 0 0 0 rg BT 207.09 200.05 Td (nationally ) Tj ET Q q 0 0 0 rg BT 248.48 200.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 293.73 200.05 Td (statistical ) Tj ET Q q 0 0 0 rg BT 332.90 200.05 Td (rating ) Tj ET Q q 0 0 0 rg BT 357.61 200.05 Td (or) Tj ET Q q 0 0 0 rg BT 365.76 200.05 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 412.70 200.05 Td (\(each, ) Tj ET Q q 0 0 0 rg BT 438.24 200.05 Td (an ) Tj ET Q q 0 0 0 rg BT 449.07 200.05 Td (NRSRO\), ) Tj ET Q q 0 0 0 rg BT 498.51 200.05 Td (\(ii\)U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 188.05 Td (Government ) Tj ET Q q 0 0 0 rg BT 133.46 188.05 Td (and ) Tj ET Q q 0 0 0 rg BT 150.37 188.05 Td (government-sponsored ) Tj ET Q q 0 0 0 rg BT 244.48 188.05 Td (agency ) Tj ET Q q 0 0 0 rg BT 275.27 188.05 Td (securities, ) Tj ET Q q 0 0 0 rg BT 318.00 188.05 Td (or ) Tj ET Q q 0 0 0 rg BT 328.80 188.05 Td (\(iii\)securities ) Tj ET Q q 0 0 0 rg BT 386.53 188.05 Td (of ) Tj ET Q q 0 0 0 rg BT 397.33 188.05 Td (comparable ) Tj ET Q q 0 0 0 rg BT 446.44 188.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 492.80 188.05 Td (quality) Tj ET Q q 0 0 0 rg BT 519.92 188.05 Td (, ) Tj ET Q q 0 0 0 rg BT 524.89 188.05 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 176.05 Td (not ) Tj ET Q q 0 0 0 rg BT 96.28 176.05 Td (rated.) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (As ) Tj ET Q q 0 0 0 rg BT 117.26 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.23 742.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 188.64 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.64 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.28 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.36 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.36 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 253.50 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.48 742.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 292.67 742.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 329.19 742.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 380.07 742.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 401.59 742.10 Td (\("AFS"\) ) Tj ET Q q 0 0 0 rg BT 437.40 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 477.81 742.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 515.45 742.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.11 730.10 Td ($19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.11 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.46 730.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 189.93 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.72 730.10 Td ($18 ) Tj ET Q q 0 0 0 rg BT 226.07 730.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.18 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 258.04 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 305.70 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 311.31 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 330.21 730.10 Td (following ) Tj ET Q q 0 0 0 rg BT 372.44 730.10 Td (table ) Tj ET Q q 0 0 0 rg BT 395.23 730.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 446.35 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.92 730.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 488.03 730.10 Td (quality) Tj ET Q q 0 0 0 rg BT 515.15 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 521.01 730.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (Nationally ) Tj ET Q q 0 0 0 rg BT 125.71 718.10 Td (Recognized ) Tj ET Q q 0 0 0 rg BT 175.41 718.10 Td (Statistical ) Tj ET Q q 0 0 0 rg BT 217.35 718.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 250.41 718.10 Td (Or) Tj ET Q q 0 0 0 rg BT 260.78 718.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 304.93 718.10 Td (\("NRSRO"\) ) Tj ET Q q 0 0 0 rg BT 355.60 718.10 Td (rating, ) Tj ET Q q 0 0 0 rg BT 383.92 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.75 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.58 718.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 433.63 718.10 Td (income ) Tj ET Q q 0 0 0 rg BT 465.57 718.10 Td (portfolio:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 672.60 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 672.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 672.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 672.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 672.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 672.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 672.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 672.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 672.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 646.60 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 646.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 646.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 646.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 646.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 646.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 646.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 646.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 646.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 620.60 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 620.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 620.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 620.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 620.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 620.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 620.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 620.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 620.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 594.60 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 594.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 594.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 594.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 594.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 594.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 594.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 594.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 594.60 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 685.6 m 339.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 685.6 m 343.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 685.6 m 403.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 685.6 m 467.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 685.6 m 471.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 685.6 m 531.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 672.6 m 275.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 672.6 m 339.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 672.6 m 403.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 672.6 m 467.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 672.6 m 531.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 672.6 m 339.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 672.6 m 403.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 672.6 m 467.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 672.6 m 531.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 594.6 m 339.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 594.6 m 403.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 594.6 m 467.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 594.6 m 531.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 594.6 m 339.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 582.6 m 339.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 580.6 m 339.5 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 594.6 m 403.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 582.6 m 403.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 580.6 m 403.5 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 594.6 m 467.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 582.6 m 467.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 580.6 m 467.5 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 594.6 m 531.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 582.6 m 531.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 580.6 m 531.5 580.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.60 689.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 689.83 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 676.83 Td (Rating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.15 676.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.95 676.83 Td (Percent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.15 676.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.95 676.83 Td (Percent) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 663.85 Td (AAA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 663.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 663.85 Td (1,509) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 663.85 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 663.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.00 663.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 663.85 Td (1,633) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 663.85 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 663.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 650.85 Td (AA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 650.85 Td (1,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 650.85 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 650.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 650.85 Td (1,930) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 650.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 650.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 637.85 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 637.85 Td (5,126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 637.85 Td (27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 637.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 637.85 Td (4,141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 637.85 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 637.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 624.85 Td (BBB) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 624.85 Td (8,404) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 624.85 Td (43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 624.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 624.85 Td (7,242) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 624.85 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 624.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 611.85 Td (BB \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 611.85 Td (1,017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 611.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 611.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 611.85 Td (720) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 611.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 611.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 598.85 Td (B and below \(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 598.85 Td (1,422) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 598.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 598.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 598.85 Td (2,080) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 598.85 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 598.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 585.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 585.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 585.85 Td (19,411) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 585.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 585.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.00 585.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 585.85 Td (17,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 585.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 585.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 569.50 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 91.74 569.50 Td (Includes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 120.71 569.50 Td ($67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.71 569.50 Td ( ) Tj ET Q q 0 0 0 rg BT 134.57 569.50 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.98 569.50 Td ($66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.98 569.50 Td ( ) Tj ET Q q 0 0 0 rg BT 161.85 569.50 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.48 569.50 Td (September30, ) Tj ET Q q 0 0 0 rg BT 217.56 569.50 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.56 569.50 Td ( ) Tj ET Q q 0 0 0 rg BT 235.42 569.50 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.84 569.50 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.84 569.50 Td (, ) Tj ET Q q 0 0 0 rg BT 268.70 569.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 306.83 569.50 Td (, ) Tj ET Q q 0 0 0 rg BT 310.69 569.50 Td (of ) Tj ET Q q 0 0 0 rg BT 319.22 569.50 Td (non-agency ) Tj ET Q q 0 0 0 rg BT 358.40 569.50 Td (residential ) Tj ET Q q 0 0 0 rg BT 393.58 569.50 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 450.97 569.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 483.05 569.50 Td (\("RMBS"\) ) Tj ET Q q 0 0 0 rg BT 519.00 569.50 Td (that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 559.90 Td (carry ) Tj ET Q q 0 0 0 rg BT 99.43 559.90 Td (a ) Tj ET Q q 0 0 0 rg BT 104.98 559.90 Td (National ) Tj ET Q q 0 0 0 rg BT 134.09 559.90 Td (Association ) Tj ET Q q 0 0 0 rg BT 173.86 559.90 Td (of ) Tj ET Q q 0 0 0 rg BT 182.52 559.90 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 215.62 559.90 Td (Commissioners ) Tj ET Q q 0 0 0 rg BT 267.40 559.90 Td (\("NAIC"\) ) Tj ET Q q 0 0 0 rg BT 300.81 559.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 306.81 559.90 Td (designation.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 547.30 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 92.33 547.30 Td (Includes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.43 547.30 Td ($1,047) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.43 547.30 Td ( ) Tj ET Q q 0 0 0 rg BT 145.43 547.30 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.98 547.30 Td ($1,788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.98 547.30 Td ( ) Tj ET Q q 0 0 0 rg BT 182.98 547.30 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.75 547.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 238.96 547.30 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.96 547.30 Td ( ) Tj ET Q q 0 0 0 rg BT 256.96 547.30 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.52 547.30 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.52 547.30 Td (, ) Tj ET Q q 0 0 0 rg BT 290.52 547.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 328.64 547.30 Td (, ) Tj ET Q q 0 0 0 rg BT 332.64 547.30 Td (of ) Tj ET Q q 0 0 0 rg BT 341.31 547.30 Td (non-agency ) Tj ET Q q 0 0 0 rg BT 380.63 547.30 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 404.86 547.30 Td (that ) Tj ET Q q 0 0 0 rg BT 418.86 547.30 Td (carry ) Tj ET Q q 0 0 0 rg BT 437.29 547.30 Td (a ) Tj ET Q q 0 0 0 rg BT 442.84 547.30 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 464.39 547.30 Td (1 ) Tj ET Q q 0 0 0 rg BT 470.39 547.30 Td (designation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 528.30 Td (As ) Tj ET Q q 0 0 0 rg BT 117.79 528.30 Td (of ) Tj ET Q q 0 0 0 rg BT 129.29 528.30 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.24 528.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 211.18 528.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.18 528.30 Td ( ) Tj ET Q q 0 0 0 rg BT 234.35 528.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.97 528.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.97 528.30 Td (, ) Tj ET Q q 0 0 0 rg BT 277.64 528.30 Td (included ) Tj ET Q q 0 0 0 rg BT 315.25 528.30 Td (in ) Tj ET Q q 0 0 0 rg BT 326.20 528.30 Td (our ) Tj ET Q q 0 0 0 rg BT 342.70 528.30 Td (fixed ) Tj ET Q q 0 0 0 rg BT 366.42 528.30 Td (maturity ) Tj ET Q q 0 0 0 rg BT 402.78 528.30 Td (AFS ) Tj ET Q q 0 0 0 rg BT 424.30 528.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 465.24 528.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 503.40 528.30 Td (are ) Tj ET Q q 0 0 0 rg BT 518.79 528.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 516.30 Td (collateral ) Tj ET Q q 0 0 0 rg BT 122.25 516.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 149.64 516.30 Td (of ) Tj ET Q q 0 0 0 rg BT 162.03 516.30 Td (the ) Tj ET Q q 0 0 0 rg BT 178.30 516.30 Td (funds ) Tj ET Q q 0 0 0 rg BT 204.58 516.30 Td (withheld ) Tj ET Q q 0 0 0 rg BT 243.63 516.30 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 295.44 516.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 341.13 516.30 Td (with ) Tj ET Q q 0 0 0 rg BT 362.97 516.30 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 394.82 516.30 Td (of ) Tj ET Q q 0 0 0 rg BT 407.20 516.30 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.02 516.30 Td ($1 ) Tj ET Q q 0 0 0 rg BT 483.08 516.30 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.19 516.30 Td (. ) Tj ET Q q 0 0 0 rg BT 515.45 516.30 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 504.30 Td (following ) Tj ET Q q 0 0 0 rg BT 122.39 504.30 Td (table ) Tj ET Q q 0 0 0 rg BT 144.32 504.30 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 194.58 504.30 Td (the ) Tj ET Q q 0 0 0 rg BT 209.30 504.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 234.56 504.30 Td (quality) Tj ET Q q 0 0 0 rg BT 261.69 504.30 Td (, ) Tj ET Q q 0 0 0 rg BT 266.69 504.30 Td (by ) Tj ET Q q 0 0 0 rg BT 279.19 504.30 Td (NRSRO ) Tj ET Q q 0 0 0 rg BT 315.03 504.30 Td (rating, ) Tj ET Q q 0 0 0 rg BT 343.36 504.30 Td (of ) Tj ET Q q 0 0 0 rg BT 354.19 504.30 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 384.48 504.30 Td (fixed ) Tj ET Q q 0 0 0 rg BT 407.53 504.30 Td (income ) Tj ET Q q 0 0 0 rg BT 439.46 504.30 Td (portfolio:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 455.80 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 455.80 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 455.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 455.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 455.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 455.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 455.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 455.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 455.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 429.80 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 429.80 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 429.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 429.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 429.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 429.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 429.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 429.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 429.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 403.80 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 403.80 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 403.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 403.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 403.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 403.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 403.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 403.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 403.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 377.80 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 377.80 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 377.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 377.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 377.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 377.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 377.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 377.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 377.80 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 468.8 m 340.5 468.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 468.8 m 344.5 468.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 468.8 m 404.5 468.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 468.8 m 468.5 468.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 468.8 m 472.5 468.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 468.8 m 532.5 468.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 455.8 m 275.5 455.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 455.8 m 340.5 455.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 455.8 m 404.5 455.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 455.8 m 468.5 455.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 455.8 m 532.5 455.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 455.8 m 340.5 455.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 455.8 m 404.5 455.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 455.8 m 468.5 455.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 455.8 m 532.5 455.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 377.8 m 340.5 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 377.8 m 404.5 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 377.8 m 468.5 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 377.8 m 532.5 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 377.8 m 340.5 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 365.8 m 340.5 365.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 363.8 m 340.5 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 377.8 m 404.5 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 365.8 m 404.5 365.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 363.8 m 404.5 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 377.8 m 468.5 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 365.8 m 468.5 365.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 363.8 m 468.5 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 377.8 m 532.5 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 365.8 m 532.5 365.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 363.8 m 532.5 363.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.60 473.03 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.60 473.03 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 460.03 Td (Rating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.15 460.03 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.95 460.03 Td (Percent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.15 460.03 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.95 460.03 Td (Percent) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 447.05 Td (AAA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.00 447.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.30 447.05 Td (90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 447.05 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 447.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 447.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 447.05 Td (88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 447.05 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.30 447.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 434.05 Td (AA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.30 434.05 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 434.05 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 434.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 434.05 Td (69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 434.05 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.30 434.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 421.05 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.30 421.05 Td (84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 421.05 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 421.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 421.05 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 421.05 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.30 421.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 408.05 Td (BBB) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.30 408.05 Td (247) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 408.05 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 408.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 408.05 Td (293) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.30 408.05 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.30 408.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 395.05 Td (BB) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.30 395.05 Td (155) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 395.05 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 395.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 395.05 Td (168) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.30 395.05 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.30 395.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 382.05 Td (B and below) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.30 382.05 Td (238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 382.05 Td (27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 382.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 382.05 Td (273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.30 382.05 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.30 382.05 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 369.03 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.00 369.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.30 369.05 Td (872) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 369.05 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 369.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 369.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 369.05 Td (978) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 369.05 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.30 369.05 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 341.30 Td (The ) Tj ET Q q 0 0 0 rg BT 121.25 341.30 Td (NAIC) Tj ET Q q 0 0 0 rg BT 148.47 341.30 Td (s ) Tj ET Q q 0 0 0 rg BT 154.57 341.30 Td (Securities ) Tj ET Q q 0 0 0 rg BT 196.05 341.30 Td (V) Tj ET Q q 0 0 0 rg BT 202.17 341.30 Td (aluation ) Tj ET Q q 0 0 0 rg BT 236.58 341.30 Td (Of) Tj ET Q q 0 0 0 rg BT 246.95 341.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 264.15 341.30 Td (\("SVO"\) ) Tj ET Q q 0 0 0 rg BT 301.18 341.30 Td (is ) Tj ET Q q 0 0 0 rg BT 310.06 341.30 Td (responsible ) Tj ET Q q 0 0 0 rg BT 357.81 341.30 Td (for ) Tj ET Q q 0 0 0 rg BT 371.68 341.30 Td (the ) Tj ET Q q 0 0 0 rg BT 386.10 341.30 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 431.62 341.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 456.59 341.30 Td (quality ) Tj ET Q q 0 0 0 rg BT 486.57 341.30 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 329.30 Td (and ) Tj ET Q q 0 0 0 rg BT 97.69 329.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 137.16 329.30 Td (of ) Tj ET Q q 0 0 0 rg BT 147.75 329.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 187.77 329.30 Td (owned ) Tj ET Q q 0 0 0 rg BT 216.68 329.30 Td (by ) Tj ET Q q 0 0 0 rg BT 228.94 329.30 Td (state ) Tj ET Q q 0 0 0 rg BT 249.52 329.30 Td (regulated ) Tj ET Q q 0 0 0 rg BT 288.98 329.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 329.55 329.30 Td (companies. ) Tj ET Q q 0 0 0 rg BT 377.07 329.30 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 418.19 329.30 Td (companies ) Tj ET Q q 0 0 0 rg BT 463.21 329.30 Td (report ) Tj ET Q q 0 0 0 rg BT 489.34 329.30 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 317.30 Td (of ) Tj ET Q q 0 0 0 rg BT 91.52 317.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 131.47 317.30 Td (to ) Tj ET Q q 0 0 0 rg BT 141.44 317.30 Td (the ) Tj ET Q q 0 0 0 rg BT 155.85 317.30 Td (SVO ) Tj ET Q q 0 0 0 rg BT 178.04 317.30 Td (when ) Tj ET Q q 0 0 0 rg BT 201.89 317.30 Td (such ) Tj ET Q q 0 0 0 rg BT 222.41 317.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 262.37 317.30 Td (are ) Tj ET Q q 0 0 0 rg BT 276.76 317.30 Td (eligible ) Tj ET Q q 0 0 0 rg BT 308.94 317.30 Td (for ) Tj ET Q q 0 0 0 rg BT 322.79 317.30 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 366.08 317.30 Td (filings. ) Tj ET Q q 0 0 0 rg BT 396.17 317.30 Td (The ) Tj ET Q q 0 0 0 rg BT 413.90 317.30 Td (SVO ) Tj ET Q q 0 0 0 rg BT 436.10 317.30 Td (conducts ) Tj ET Q q 0 0 0 rg BT 473.83 317.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 498.79 317.30 Td (analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 305.30 Td (on ) Tj ET Q q 0 0 0 rg BT 93.10 305.30 Td (these ) Tj ET Q q 0 0 0 rg BT 115.75 305.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 155.62 305.30 Td (for ) Tj ET Q q 0 0 0 rg BT 169.38 305.30 Td (the ) Tj ET Q q 0 0 0 rg BT 183.71 305.30 Td (purpose ) Tj ET Q q 0 0 0 rg BT 217.47 305.30 Td (of ) Tj ET Q q 0 0 0 rg BT 227.90 305.30 Td (assigning ) Tj ET Q q 0 0 0 rg BT 267.78 305.30 Td (an ) Tj ET Q q 0 0 0 rg BT 279.33 305.30 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 305.87 305.30 Td (designation ) Tj ET Q q 0 0 0 rg BT 354.08 305.30 Td (or ) Tj ET Q q 0 0 0 rg BT 364.51 305.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 382.17 305.30 Td (price. ) Tj ET Q q 0 0 0 rg BT 406.61 305.30 Td (T) Tj ET Q q 0 0 0 rg BT 412.02 305.30 Td (ypically) Tj ET Q q 0 0 0 rg BT 443.58 305.30 Td (, ) Tj ET Q q 0 0 0 rg BT 448.19 305.30 Td (if ) Tj ET Q q 0 0 0 rg BT 456.40 305.30 Td (a ) Tj ET Q q 0 0 0 rg BT 462.94 305.30 Td (security ) Tj ET Q q 0 0 0 rg BT 496.70 305.30 Td (has ) Tj ET Q q 0 0 0 rg BT 512.13 305.30 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 293.30 Td (rated ) Tj ET Q q 0 0 0 rg BT 104.40 293.30 Td (by ) Tj ET Q q 0 0 0 rg BT 117.82 293.30 Td (an ) Tj ET Q q 0 0 0 rg BT 130.68 293.30 Td (NRSRO, ) Tj ET Q q 0 0 0 rg BT 169.95 293.30 Td (the ) Tj ET Q q 0 0 0 rg BT 185.58 293.30 Td (SVO ) Tj ET Q q 0 0 0 rg BT 209.01 293.30 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 241.31 293.30 Td (that ) Tj ET Q q 0 0 0 rg BT 259.72 293.30 Td (rating ) Tj ET Q q 0 0 0 rg BT 286.47 293.30 Td (and ) Tj ET Q q 0 0 0 rg BT 304.33 293.30 Td (assigns ) Tj ET Q q 0 0 0 rg BT 336.64 293.30 Td (an ) Tj ET Q q 0 0 0 rg BT 349.49 293.30 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 377.36 293.30 Td (designation ) Tj ET Q q 0 0 0 rg BT 426.88 293.30 Td (based ) Tj ET Q q 0 0 0 rg BT 453.07 293.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 476.49 293.30 Td (the ) Tj ET Q q 0 0 0 rg BT 492.12 293.30 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 281.30 Td (system: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 248.80 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 248.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 248.80 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 222.80 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 222.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 222.80 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 196.80 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 196.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 196.80 223.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 248.79999999999995 m 303.5 248.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 248.79999999999995 m 530.5 248.79999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.05 253.03 Td (NAIC Designation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.25 253.03 Td (NRSROEquivalentRating) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.50 240.05 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.15 240.05 Td (AAA/AA/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.50 227.05 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.45 227.05 Td (BBB) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.50 214.05 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.15 214.05 Td (BB) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.50 201.05 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.80 201.05 Td (B) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.50 188.05 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.60 188.05 Td (CCCandlower) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.50 175.05 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 175.05 Td (Inorneardefault) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 147.30 Td (The ) Tj ET Q q 0 0 0 rg BT 121.23 147.30 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 147.86 147.30 Td (has ) Tj ET Q q 0 0 0 rg BT 163.37 147.30 Td (adopted ) Tj ET Q q 0 0 0 rg BT 197.21 147.30 Td (revised ) Tj ET Q q 0 0 0 rg BT 228.27 147.30 Td (designation ) Tj ET Q q 0 0 0 rg BT 276.55 147.30 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 337.62 147.30 Td (for ) Tj ET Q q 0 0 0 rg BT 351.46 147.30 Td (non-agency ) Tj ET Q q 0 0 0 rg BT 400.29 147.30 Td (RMBS, ) Tj ET Q q 0 0 0 rg BT 432.76 147.30 Td (including ) Tj ET Q q 0 0 0 rg BT 472.72 147.30 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 502.69 147.30 Td (backed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 135.30 Td (by ) Tj ET Q q 0 0 0 rg BT 93.94 135.30 Td (subprime ) Tj ET Q q 0 0 0 rg BT 134.09 135.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 174.79 135.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 198.83 135.30 Td (and ) Tj ET Q q 0 0 0 rg BT 216.21 135.30 Td (for ) Tj ET Q q 0 0 0 rg BT 230.80 135.30 Td (commercial ) Tj ET Q q 0 0 0 rg BT 280.94 135.30 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 353.28 135.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 393.98 135.30 Td (\("CMBS"\). ) Tj ET Q q 0 0 0 rg BT 441.82 135.30 Td (The ) Tj ET Q q 0 0 0 rg BT 460.31 135.30 Td (NAIC) Tj ET Q q 0 0 0 rg BT 487.53 135.30 Td (s ) Tj ET Q q 0 0 0 rg BT 494.35 135.30 Td (objective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 123.30 Td (with ) Tj ET Q q 0 0 0 rg BT 101.61 123.30 Td (the ) Tj ET Q q 0 0 0 rg BT 116.65 123.30 Td (revised ) Tj ET Q q 0 0 0 rg BT 148.35 123.30 Td (designation ) Tj ET Q q 0 0 0 rg BT 197.28 123.30 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 258.99 123.30 Td (for ) Tj ET Q q 0 0 0 rg BT 273.48 123.30 Td (these ) Tj ET Q q 0 0 0 rg BT 296.85 123.30 Td (structured ) Tj ET Q q 0 0 0 rg BT 339.67 123.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 380.26 123.30 Td (was ) Tj ET Q q 0 0 0 rg BT 398.64 123.30 Td (to ) Tj ET Q q 0 0 0 rg BT 409.24 123.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 444.82 123.30 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 483.17 123.30 Td (in ) Tj ET Q q 0 0 0 rg BT 493.78 123.30 Td (assessing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 111.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 118.83 111.30 Td (losses ) Tj ET Q q 0 0 0 rg BT 145.03 111.30 Td (and ) Tj ET Q q 0 0 0 rg BT 161.77 111.30 Td (to ) Tj ET Q q 0 0 0 rg BT 171.85 111.30 Td (use ) Tj ET Q q 0 0 0 rg BT 187.48 111.30 Td (the ) Tj ET Q q 0 0 0 rg BT 202.00 111.30 Td (improved ) Tj ET Q q 0 0 0 rg BT 242.62 111.30 Td (assessment ) Tj ET Q q 0 0 0 rg BT 289.36 111.30 Td (to ) Tj ET Q q 0 0 0 rg BT 299.44 111.30 Td (determine ) Tj ET Q q 0 0 0 rg BT 341.72 111.30 Td (a ) Tj ET Q q 0 0 0 rg BT 348.46 111.30 Td (more ) Tj ET Q q 0 0 0 rg BT 371.31 111.30 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 419.14 111.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 448.10 111.30 Td (requirement ) Tj ET Q q 0 0 0 rg BT 498.71 111.30 Td (for ) Tj ET Q q 0 0 0 rg BT 512.67 111.30 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 99.30 Td (structured ) Tj ET Q q 0 0 0 rg BT 122.79 99.30 Td (securities. ) Tj ET Q q 0 0 0 rg BT 164.72 99.30 Td (The ) Tj ET Q q 0 0 0 rg BT 182.07 99.30 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 208.32 99.30 Td (designations ) Tj ET Q q 0 0 0 rg BT 260.11 99.30 Td (for ) Tj ET Q q 0 0 0 rg BT 273.57 99.30 Td (structured ) Tj ET Q q 0 0 0 rg BT 315.36 99.30 Td (securities, ) Tj ET Q q 0 0 0 rg BT 357.43 99.30 Td (including ) Tj ET Q q 0 0 0 rg BT 397.00 99.30 Td (subprime ) Tj ET Q q 0 0 0 rg BT 436.02 99.30 Td (and ) Tj ET Q q 0 0 0 rg BT 451.86 99.30 Td (Alternative ) Tj ET Q q 0 0 0 rg BT 498.25 99.30 Td (A-paper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 87.30 Td (\("Alt-A"\), ) Tj ET Q q 0 0 0 rg BT 124.32 87.30 Td (RMBS, ) Tj ET Q q 0 0 0 rg BT 157.27 87.30 Td (are ) Tj ET Q q 0 0 0 rg BT 172.14 87.30 Td (based ) Tj ET Q q 0 0 0 rg BT 197.57 87.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 220.24 87.30 Td (a ) Tj ET Q q 0 0 0 rg BT 227.34 87.30 Td (comparison ) Tj ET Q q 0 0 0 rg BT 276.65 87.30 Td (of ) Tj ET Q q 0 0 0 rg BT 287.65 87.30 Td (the ) Tj ET Q q 0 0 0 rg BT 302.53 87.30 Td (bond) Tj ET Q q 0 0 0 rg BT 325.31 87.30 Td (s ) Tj ET Q q 0 0 0 rg BT 331.86 87.30 Td (amortized ) Tj ET Q q 0 0 0 rg BT 374.50 87.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 393.27 87.30 Td (to ) Tj ET Q q 0 0 0 rg BT 403.71 87.30 Td (the ) Tj ET Q q 0 0 0 rg BT 418.59 87.30 Td (NAIC) Tj ET Q q 0 0 0 rg BT 445.82 87.30 Td (s ) Tj ET Q q 0 0 0 rg BT 452.37 87.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 470.59 87.30 Td (expectation ) Tj ET Q q 0 0 0 rg BT 519.35 87.30 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 75.30 Td (each ) Tj ET Q q 0 0 0 rg BT 101.70 75.30 Td (security) Tj ET Q q 0 0 0 rg BT 132.71 75.30 Td (. ) Tj ET Q q 0 0 0 rg BT 137.59 75.30 Td (Securities ) Tj ET Q q 0 0 0 rg BT 179.41 75.30 Td (where ) Tj ET Q q 0 0 0 rg BT 206.22 75.30 Td (modeling ) Tj ET Q q 0 0 0 rg BT 246.38 75.30 Td (does ) Tj ET Q q 0 0 0 rg BT 267.09 75.30 Td (not ) Tj ET Q q 0 0 0 rg BT 282.26 75.30 Td (generate ) Tj ET Q q 0 0 0 rg BT 318.50 75.30 Td (an ) Tj ET Q q 0 0 0 rg BT 330.32 75.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 368.24 75.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 386.19 75.30 Td (in ) Tj ET Q q 0 0 0 rg BT 396.35 75.30 Td (all ) Tj ET Q q 0 0 0 rg BT 408.73 75.30 Td (scenarios ) Tj ET Q q 0 0 0 rg BT 448.32 75.30 Td (are ) Tj ET Q q 0 0 0 rg BT 462.91 75.30 Td (given ) Tj ET Q q 0 0 0 rg BT 487.51 75.30 Td (the ) Tj ET Q q 0 0 0 rg BT 502.11 75.30 Td (highest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 63.30 Td (designation ) Tj ET Q q 0 0 0 rg BT 129.26 63.30 Td (of ) Tj ET Q q 0 0 0 rg BT 139.75 63.30 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 166.34 63.30 Td (1. ) Tj ET Q q 0 0 0 rg BT 175.52 63.30 Td (A) Tj ET Q q 0 0 0 rg BT 182.19 63.30 Td ( ) Tj ET Q q 0 0 0 rg BT 184.35 63.30 Td (lar) Tj ET Q q 0 0 0 rg BT 194.72 63.30 Td (ge ) Tj ET Q q 0 0 0 rg BT 206.31 63.30 Td (percentage ) Tj ET Q q 0 0 0 rg BT 251.77 63.30 Td (of ) Tj ET Q q 0 0 0 rg BT 262.25 63.30 Td (our ) Tj ET Q q 0 0 0 rg BT 277.74 63.30 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 307.69 63.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 347.61 63.30 Td (carry ) Tj ET Q q 0 0 0 rg BT 370.30 63.30 Td (a ) Tj ET Q q 0 0 0 rg BT 376.89 63.30 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 403.49 63.30 Td (1 ) Tj ET Q q 0 0 0 rg BT 410.65 63.30 Td (designation ) Tj ET Q q 0 0 0 rg BT 458.91 63.30 Td (while ) Tj ET Q q 0 0 0 rg BT 483.28 63.30 Td (the ) Tj ET Q q 0 0 0 rg BT 497.65 63.30 Td (NRSRO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 51.30 Td (rating ) Tj ET Q q 0 0 0 rg BT 106.47 51.30 Td (indicates ) Tj ET Q q 0 0 0 rg BT 144.15 51.30 Td (below ) Tj ET Q q 0 0 0 rg BT 170.73 51.30 Td (investment ) Tj ET Q q 0 0 0 rg BT 216.75 51.30 Td (grade. ) Tj ET Q q 0 0 0 rg BT 243.45 51.30 Td (The ) Tj ET Q q 0 0 0 rg BT 261.13 51.30 Td (revised ) Tj ET Q q 0 0 0 rg BT 292.15 51.30 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 353.17 51.30 Td (reduce ) Tj ET Q q 0 0 0 rg BT 381.96 51.30 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 425.20 51.30 Td (reliance ) Tj ET Q q 0 0 0 rg BT 458.98 51.30 Td (on ) Tj ET Q q 0 0 0 rg BT 471.12 51.30 Td (rating ) Tj ET Q q 0 0 0 rg BT 496.58 51.30 Td (agencies ) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.84 742.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 122.46 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.53 742.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 166.68 742.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 210.18 742.10 Td (input ) Tj ET Q q 0 0 0 rg BT 233.14 742.10 Td (into ) Tj ET Q q 0 0 0 rg BT 251.10 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.72 742.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 317.58 742.10 Td (used ) Tj ET Q q 0 0 0 rg BT 338.31 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.49 742.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 384.22 742.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 422.15 742.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 448.45 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 470.29 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 491.02 742.10 Td (structured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 123.07 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 133.20 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.22 730.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 172.35 730.10 Td (below) Tj ET Q q 0 0 0 rg BT 196.14 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.44 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 213.90 730.10 Td (present ) Tj ET Q q 0 0 0 rg BT 244.58 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.60 730.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 283.73 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.87 730.10 Td (structured ) Tj ET Q q 0 0 0 rg BT 335.65 730.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 375.22 730.10 Td (based ) Tj ET Q q 0 0 0 rg BT 399.79 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 411.60 730.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 440.62 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 461.86 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.88 730.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 506.56 730.10 Td (NAIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 106.53 718.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 167.62 718.10 Td (described ) Tj ET Q q 0 0 0 rg BT 208.14 718.10 Td (above ) Tj ET Q q 0 0 0 rg BT 234.23 718.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 264.20 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.19 718.10 Td (some ) Tj ET Q q 0 0 0 rg BT 297.50 718.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 320.81 718.10 Td (do ) Tj ET Q q 0 0 0 rg BT 333.02 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 348.00 718.10 Td (correspond ) Tj ET Q q 0 0 0 rg BT 394.64 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.62 718.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 430.16 718.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 460.68 718.10 Td (designations\). ) Tj ET Q q 0 0 0 rg BT 518.22 718.10 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 107.94 706.10 Td (designations ) Tj ET Q q 0 0 0 rg BT 160.44 706.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 183.21 706.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 210.15 706.10 Td (1-6\) ) Tj ET Q q 0 0 0 rg BT 229.31 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.02 706.10 Td (based ) Tj ET Q q 0 0 0 rg BT 269.29 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.79 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.50 706.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 327.88 706.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 354.82 706.10 Td (methodologies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 687.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.74 687.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 147.76 687.10 Td (below ) Tj ET Q q 0 0 0 rg BT 174.89 687.10 Td (present ) Tj ET Q q 0 0 0 rg BT 206.46 687.10 Td (our ) Tj ET Q q 0 0 0 rg BT 222.48 687.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 245.72 687.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 282.30 687.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 322.75 687.10 Td (by ) Tj ET Q q 0 0 0 rg BT 335.45 687.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 362.58 687.10 Td (designation ) Tj ET Q q 0 0 0 rg BT 411.38 687.10 Td (as ) Tj ET Q q 0 0 0 rg BT 422.40 687.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.42 687.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 493.88 687.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.88 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.57 687.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 675.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 629.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 629.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 629.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 629.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 629.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 629.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 629.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 603.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 603.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 603.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 603.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 603.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 603.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 603.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 577.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 577.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 577.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 577.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 577.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 577.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 577.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 551.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 551.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 551.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 551.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 551.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 551.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 551.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 492.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 492.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 492.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 492.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 492.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 492.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 492.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 466.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 466.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 466.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 466.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 440.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 440.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 440.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 440.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 414.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 414.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 414.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 414.60 105.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 642.6 m 313.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 642.6 m 317.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 642.6 m 422.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 642.6 m 426.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 642.6 m 531.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 629.6 m 204.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 629.6 m 313.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 629.6 m 422.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 629.6 m 531.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 629.6 m 204.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 629.6 m 313.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 629.6 m 422.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 629.6 m 531.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 551.6 m 313.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 539.6 m 313.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 537.6 m 313.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 551.6 m 422.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 539.6 m 422.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 537.6 m 422.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 551.6 m 531.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 539.6 m 531.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 537.6 m 531.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 505.6 m 313.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 505.6 m 317.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 505.6 m 422.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 505.6 m 426.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 505.6 m 531.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 492.6 m 204.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 492.6 m 313.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 492.6 m 422.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 492.6 m 531.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 492.6 m 204.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 492.6 m 313.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 492.6 m 422.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 492.6 m 531.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 414.6 m 313.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 402.6 m 313.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 400.6 m 313.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 414.6 m 422.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 402.6 m 422.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 400.6 m 422.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 414.6 m 531.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 402.6 m 531.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 400.6 m 531.5 400.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.10 646.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 111.05 633.83 Td (NAIC Designation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 633.83 Td (Amortized Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.65 633.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.60 633.83 Td (Percent of Total Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 620.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.00 620.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 620.85 Td (10,052) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 620.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 620.85 Td (10,678) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 620.85 Td (55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 620.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 607.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 607.85 Td (7,209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 607.85 Td (7,534) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 607.85 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 607.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 594.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 594.85 Td (885) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 594.85 Td (866) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 594.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 594.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 581.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 581.85 Td (277) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 581.85 Td (255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 581.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 581.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 568.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 568.85 Td (94) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 568.85 Td (75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 568.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 568.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 555.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 555.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.30 555.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 555.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 555.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 542.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.00 542.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 542.85 Td (18,521) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 542.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 542.85 Td (19,411) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 542.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 542.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.10 509.83 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 111.05 496.83 Td (NAIC Designation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 496.83 Td (Amortized Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.65 496.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.60 496.83 Td (Percent of Total Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 483.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.00 483.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 483.85 Td (10,062) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 483.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 483.85 Td (10,323) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 483.85 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 483.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 470.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 470.85 Td (6,654) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 470.85 Td (6,586) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 470.85 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 470.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 457.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 457.85 Td (603) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 457.85 Td (567) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 457.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 457.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 444.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 444.85 Td (238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 444.85 Td (210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 444.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 444.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 431.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 431.85 Td (65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 431.85 Td (60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 431.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 431.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.50 418.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 418.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 418.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 418.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 418.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 405.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.00 405.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 405.85 Td (17,622) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 405.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 405.85 Td (17,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 405.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 405.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 371.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.74 371.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 145.76 371.10 Td (below ) Tj ET Q q 0 0 0 rg BT 171.89 371.10 Td (present ) Tj ET Q q 0 0 0 rg BT 202.46 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.37 371.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 255.26 371.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 280.29 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.31 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.22 371.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 328.13 371.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 364.82 371.10 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 414.27 371.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 457.60 371.10 Td (with ) Tj ET Q q 0 0 0 rg BT 477.08 371.10 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 506.56 371.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 359.10 Td (were ) Tj ET Q q 0 0 0 rg BT 102.93 359.10 Td (included ) Tj ET Q q 0 0 0 rg BT 139.86 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.14 359.10 Td (our ) Tj ET Q q 0 0 0 rg BT 165.97 359.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 189.02 359.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 225.40 359.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 265.66 359.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.49 359.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.32 359.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 347.59 359.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.59 359.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.09 359.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.03 359.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.03 359.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 310.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 310.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 310.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 310.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 310.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 310.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 310.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 284.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 284.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 284.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 284.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 284.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 284.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 284.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 258.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 258.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 258.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 258.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 232.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 232.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 232.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 232.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 232.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 232.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 232.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 173.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 173.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 173.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 173.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 173.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 173.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 173.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 147.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 147.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 147.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 147.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 147.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 147.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 147.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 121.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 121.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 121.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 121.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 121.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 121.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 121.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 95.60 123.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 95.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 95.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 95.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 95.60 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 95.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 95.60 105.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 323.6 m 312.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 323.6 m 316.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 323.6 m 421.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 323.6 m 425.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 323.6 m 530.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 310.6 m 203.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 310.6 m 312.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 310.6 m 421.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 310.6 m 530.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 310.6 m 203.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 310.6 m 312.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 310.6 m 421.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 310.6 m 530.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 232.60000000000002 m 312.5 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 220.60000000000002 m 312.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 218.60000000000002 m 312.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 232.60000000000002 m 421.5 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 220.60000000000002 m 421.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 218.60000000000002 m 421.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 232.60000000000002 m 530.5 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 220.60000000000002 m 530.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 218.60000000000002 m 530.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 186.60000000000002 m 312.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 186.60000000000002 m 316.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 186.60000000000002 m 421.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 186.60000000000002 m 425.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 186.60000000000002 m 530.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 173.60000000000002 m 203.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 173.60000000000002 m 312.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 173.60000000000002 m 421.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 173.60000000000002 m 530.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 173.60000000000002 m 203.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 173.60000000000002 m 312.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 173.60000000000002 m 421.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 173.60000000000002 m 530.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 95.60000000000002 m 312.5 95.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 83.60000000000002 m 312.5 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 81.60000000000002 m 312.5 81.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 95.60000000000002 m 421.5 95.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 83.60000000000002 m 421.5 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 81.60000000000002 m 421.5 81.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 95.60000000000002 m 530.5 95.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 83.60000000000002 m 530.5 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 81.60000000000002 m 530.5 81.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.10 327.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 110.05 314.83 Td (NAIC Designation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.50 314.83 Td (Amortized Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.65 314.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.60 314.83 Td (Percent of Total Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 301.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.00 301.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 301.85 Td (308) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 301.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 301.85 Td (307) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 301.85 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 301.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 288.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 288.85 Td (202) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 288.85 Td (206) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 288.85 Td (24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 288.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 275.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 275.85 Td (159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 275.85 Td (153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 275.85 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 275.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 262.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 262.85 Td (159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 262.85 Td (154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 262.85 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 262.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 249.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 249.85 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 249.85 Td (49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 249.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 249.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 236.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.30 236.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 236.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 236.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 236.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 223.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.00 223.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 223.85 Td (890) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 223.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 223.85 Td (872) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 223.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 223.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.10 190.83 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 110.05 177.83 Td (NAIC Designation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.50 177.83 Td (Amortized Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.65 177.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.60 177.83 Td (Percent of Total Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 164.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.00 164.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 164.85 Td (356) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 164.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 164.85 Td (352) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 164.85 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 164.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 151.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 151.85 Td (282) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 151.85 Td (250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 151.85 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 151.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 138.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 138.85 Td (170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 138.85 Td (158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 138.85 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 138.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 125.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 125.85 Td (205) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 125.85 Td (188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 125.85 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 125.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 112.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 112.85 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 112.85 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 112.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 112.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 99.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 99.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 99.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 99.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 99.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 86.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.00 86.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.30 86.85 Td (1,047) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 86.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 86.85 Td (978) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 86.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 86.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Investment Industry Concentration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.25 Td (The tables below present the top ten industry categories of our ) Tj ET Q q 0 0 0 rg BT 332.32 718.25 Td (AFS securities, including the fair value and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.25 Td (percent of total ) Tj ET Q q 0 0 0 rg BT 143.48 706.25 Td (AFS securities fair value as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.78 706.25 Td (September30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.04 706.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.48 706.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.48 706.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 639.75 268.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 639.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 639.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 639.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 639.75 99.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 613.75 268.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 613.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 613.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 613.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 613.75 99.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 587.75 268.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 587.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 587.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 587.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 587.75 99.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 561.75 268.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 561.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 561.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 561.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 561.75 99.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 535.75 268.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 535.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 535.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 535.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 535.75 99.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 509.75 268.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 509.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 509.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 509.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 509.75 99.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 668.75 m 349.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 668.75 m 428.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 668.75 m 432.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 668.75 m 531.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 639.75 m 349.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 639.75 m 428.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 639.75 m 531.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 639.75 m 349.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 639.75 m 428.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 639.75 m 531.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 509.75 m 428.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 497.75 m 428.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 495.75 m 428.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 509.75 m 531.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 497.75 m 531.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 495.75 m 531.5 495.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 672.98 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 643.98 Td (Top 10 Industry Concentration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.65 643.98 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 643.98 Td (Percent of Total Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 631.00 Td (Banking ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.00 631.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 631.00 Td (2,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 631.00 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 631.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 618.00 Td (ABS collateralized loan obligation \("CLO"\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 618.00 Td (2,084) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 618.00 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 618.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 605.00 Td (Municipal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 605.00 Td (1,985) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 605.00 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 605.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 592.00 Td (Life insurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 592.00 Td (1,200) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 592.00 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 592.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 579.00 Td (Electric) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 579.00 Td (1,096) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 579.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 579.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 566.00 Td (Property and casualty insurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 566.00 Td (966) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 566.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 566.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 553.00 Td (Whole loan collateralized mortgage obligation \("CMO"\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 553.00 Td (909) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 553.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 553.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 540.00 Td (Other financial institutions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 540.00 Td (825) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 540.00 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 540.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 527.00 Td (CMBS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 527.00 Td (740) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 527.00 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 527.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 514.00 Td (Pipelines) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 514.00 Td (480) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 514.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 514.00 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.00 500.98 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.00 501.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 501.00 Td (12,733) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 501.00 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 501.00 Td (%) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 452.75 270.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 452.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 452.75 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 452.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 452.75 98.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 426.75 270.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 426.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 426.75 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 426.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 426.75 98.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 400.75 270.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 400.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 400.75 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 400.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 400.75 98.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 374.75 270.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 374.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 374.75 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 374.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 374.75 98.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 348.75 270.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 348.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 348.75 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 348.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 348.75 98.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 322.75 270.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 322.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 322.75 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 322.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 322.75 98.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 473.75 m 351.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 473.75 m 429.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 473.75 m 433.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 473.75 m 531.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 452.75 m 351.5 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 452.75 m 429.5 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 452.75 m 531.5 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 452.75 m 531.5 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 322.75 m 429.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 310.75 m 429.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 308.75 m 429.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 322.75 m 531.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 310.75 m 531.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 308.75 m 531.5 308.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.60 477.98 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 456.98 Td (Top 10 Industry Concentration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.15 456.98 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.10 456.98 Td (Percent of Total Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 444.00 Td (Banking ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 444.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.30 444.00 Td (1,979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 444.00 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 444.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 431.00 Td (ABS CLO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.30 431.00 Td (1,811) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 431.00 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 431.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 418.00 Td (Municipal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.30 418.00 Td (1,796) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 418.00 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 418.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 405.00 Td (Whole loan CMO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.30 405.00 Td (1,431) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 405.00 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 405.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 392.00 Td (Life insurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 392.00 Td (959) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 392.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 392.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 379.00 Td (CMBS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 379.00 Td (877) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 379.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 379.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 366.00 Td (Electric) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 366.00 Td (858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 366.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 366.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 353.00 Td (Property and casualty insurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 353.00 Td (798) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 353.00 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 353.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 340.00 Td (Other financial institutions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 340.00 Td (694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 340.00 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 340.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 327.00 Td (Pipelines ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 327.00 Td (496) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 327.00 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 327.00 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.00 313.98 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 314.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.30 314.00 Td (11,699) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 314.00 Td (65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 314.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 153 0 obj <>] /Rotate 0 /Contents 154 0 R>> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 125.58 742.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 170.60 742.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 191.75 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.23 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 230.14 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 256.83 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.20 742.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 295.79 742.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 333.60 742.10 Td (AFS ) Tj ET Q q 0 0 0 rg BT 356.98 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 399.78 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 414.82 742.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 464.28 742.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 509.30 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.67 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 142.32 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.32 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.88 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.88 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.88 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.94 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 221.83 730.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 268.97 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 284.74 730.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 314.41 730.10 Td (below) Tj ET Q q 0 0 0 rg BT 338.20 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 343.47 730.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 373.69 730.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 417.23 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 438.01 730.10 Td (dif) Tj ET Q q 0 0 0 rg BT 448.94 730.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 463.60 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 486.59 730.10 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 123.49 718.10 Td (because ) Tj ET Q q 0 0 0 rg BT 157.64 718.10 Td (issuers ) Tj ET Q q 0 0 0 rg BT 187.36 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 207.07 718.10 Td (have ) Tj ET Q q 0 0 0 rg BT 228.45 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.17 718.10 Td (right ) Tj ET Q q 0 0 0 rg BT 264.55 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.83 718.10 Td (call ) Tj ET Q q 0 0 0 rg BT 291.77 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 302.60 718.10 Td (prepay ) Tj ET Q q 0 0 0 rg BT 332.30 718.10 Td (obligations. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 664.60 220.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 664.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 664.60 53.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 664.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 664.60 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 664.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 664.60 53.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 664.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 664.60 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 630.60 220.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 630.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 630.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 630.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 630.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 630.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 630.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 630.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 630.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 604.60 220.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 604.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 604.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 604.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 604.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 604.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 604.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 604.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 604.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 578.60 220.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 578.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 578.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 578.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 578.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 578.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 578.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 578.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 578.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 552.60 220.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 552.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 552.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 552.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 552.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 552.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 552.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 552.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 552.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 526.60 220.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 526.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 526.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 526.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 526.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 526.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 526.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 526.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 526.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 500.60 220.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 500.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 500.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 500.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 500.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 500.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 500.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 500.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 500.60 54.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 685.6 m 357.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 685.6 m 361.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 685.6 m 415.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 685.6 m 472.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 685.6 m 476.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 685.6 m 530.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 664.6 m 357.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 664.6 m 415.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 664.6 m 472.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 664.6 m 530.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 591.6 m 357.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 591.6 m 415.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 591.6 m 357.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 591.6 m 415.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 591.6 m 472.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 591.6 m 530.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 513.6 m 357.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 500.6 m 357.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 513.6 m 415.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 500.6 m 415.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 513.6 m 472.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 500.6 m 472.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 513.6 m 530.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 500.6 m 530.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 488.6 m 357.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 486.6 m 357.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 488.6 m 415.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 486.6 m 415.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 488.6 m 472.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 486.6 m 472.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 488.6 m 530.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 486.6 m 530.5 486.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.10 689.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.10 689.83 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.25 676.83 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.70 668.83 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.15 668.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.25 676.83 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.70 668.83 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.15 668.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 655.83 Td (Corporate, Non-structured Hybrids, Municipal and U.S.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 647.83 Td (Government securities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 634.85 Td (Due in one year or less) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.00 634.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 634.85 Td (261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 634.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 634.85 Td (263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.00 634.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 634.85 Td (156) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.00 634.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 634.85 Td (158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 621.85 Td (Due after one year through five years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 621.85 Td (1,863) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 621.85 Td (1,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 621.85 Td (1,801) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 621.85 Td (1,818) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 608.85 Td (Due after five years through ten years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 608.85 Td (3,233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 608.85 Td (3,407) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 608.85 Td (2,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 608.85 Td (2,948) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 595.85 Td (Due after ten years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 595.85 Td (7,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 595.85 Td (8,346) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 595.85 Td (6,895) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 595.85 Td (6,993) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 582.85 Td (Subtotal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.00 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.25 582.85 Td (13,067) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.25 582.85 Td (13,935) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.00 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.25 582.85 Td (11,799) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.00 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.25 582.85 Td (11,917) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 569.83 Td (Other securities which provide for periodic payments:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 556.85 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.00 556.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 556.85 Td (2,528) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 556.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 556.85 Td (2,499) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.00 556.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 556.85 Td (2,148) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.00 556.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 556.85 Td (2,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 543.85 Td (Commercial-mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 543.85 Td (850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 543.85 Td (864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 543.85 Td (878) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 543.85 Td (882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 530.85 Td (Structured hybrids) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 530.85 Td (749) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 530.85 Td (751) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 530.85 Td (698) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 530.85 Td (679) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 517.85 Td (Residential mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 517.85 Td (1,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 517.85 Td (1,362) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 517.85 Td (2,099) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 517.85 Td (2,162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 504.85 Td (Subtotal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.00 504.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 504.85 Td (5,454) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 504.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 504.85 Td (5,476) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.00 504.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 504.85 Td (5,823) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.00 504.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 504.85 Td (5,829) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.00 491.83 Td (Total fixed maturity available-for-sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.00 491.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.25 491.85 Td (18,521) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 491.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.25 491.85 Td (19,411) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.00 491.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.25 491.85 Td (17,622) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.00 491.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.25 491.85 Td (17,746) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 458.70 Td (Non-Agency ) Tj ET Q q 0 0 0 rg BT 136.27 458.70 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 167.67 458.70 Td (Exposur) Tj ET Q q 0 0 0 rg BT 203.61 458.70 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.05 458.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 439.70 Td (In ) Tj ET Q q 0 0 0 rg BT 115.63 439.70 Td (late ) Tj ET Q q 0 0 0 rg BT 133.87 439.70 Td (201) Tj ET Q q 0 0 0 rg BT 148.50 439.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 157.30 439.70 Td (and ) Tj ET Q q 0 0 0 rg BT 175.54 439.70 Td (2012, ) Tj ET Q q 0 0 0 rg BT 201.84 439.70 Td (following ) Tj ET Q q 0 0 0 rg BT 244.53 439.70 Td (stabilization ) Tj ET Q q 0 0 0 rg BT 297.21 439.70 Td (in ) Tj ET Q q 0 0 0 rg BT 308.79 439.70 Td (the ) Tj ET Q q 0 0 0 rg BT 324.81 439.70 Td (housing ) Tj ET Q q 0 0 0 rg BT 360.28 439.70 Td (market, ) Tj ET Q q 0 0 0 rg BT 394.34 439.70 Td (and ) Tj ET Q q 0 0 0 rg BT 412.58 439.70 Td (a ) Tj ET Q q 0 0 0 rg BT 420.82 439.70 Td (review ) Tj ET Q q 0 0 0 rg BT 451.83 439.70 Td (of ) Tj ET Q q 0 0 0 rg BT 463.96 439.70 Td (the ) Tj ET Q q 0 0 0 rg BT 479.98 439.70 Td (loss ) Tj ET Q q 0 0 0 rg BT 499.35 439.70 Td (severity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 427.70 Td (methodology ) Tj ET Q q 0 0 0 rg BT 135.93 427.70 Td (utilized ) Tj ET Q q 0 0 0 rg BT 168.08 427.70 Td (by ) Tj ET Q q 0 0 0 rg BT 180.23 427.70 Td (the ) Tj ET Q q 0 0 0 rg BT 194.60 427.70 Td (NAIC, ) Tj ET Q q 0 0 0 rg BT 223.70 427.70 Td (which ) Tj ET Q q 0 0 0 rg BT 250.30 427.70 Td (took ) Tj ET Q q 0 0 0 rg BT 270.23 427.70 Td (into ) Tj ET Q q 0 0 0 rg BT 287.94 427.70 Td (account ) Tj ET Q q 0 0 0 rg BT 321.19 427.70 Td (home ) Tj ET Q q 0 0 0 rg BT 345.57 427.70 Td (price ) Tj ET Q q 0 0 0 rg BT 367.71 427.70 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 419.28 427.70 Td (vectors, ) Tj ET Q q 0 0 0 rg BT 452.81 427.70 Td (rather ) Tj ET Q q 0 0 0 rg BT 478.29 427.70 Td (than ) Tj ET Q q 0 0 0 rg BT 497.66 427.70 Td (NRSRO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 415.70 Td (ratings ) Tj ET Q q 0 0 0 rg BT 112.50 415.70 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 147.58 415.70 Td (we ) Tj ET Q q 0 0 0 rg BT 163.52 415.70 Td (began ) Tj ET Q q 0 0 0 rg BT 191.68 415.70 Td (to ) Tj ET Q q 0 0 0 rg BT 203.73 415.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 240.77 415.70 Td (exposure ) Tj ET Q q 0 0 0 rg BT 281.14 415.70 Td (to ) Tj ET Q q 0 0 0 rg BT 293.20 415.70 Td (non-agency ) Tj ET Q q 0 0 0 rg BT 344.12 415.70 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 376.20 415.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 418.24 415.70 Td (across ) Tj ET Q q 0 0 0 rg BT 447.51 415.70 Td (the ) Tj ET Q q 0 0 0 rg BT 464.00 415.70 Td (spectrum. ) Tj ET Q q 0 0 0 rg BT 507.13 415.70 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 403.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.87 403.70 Td (decisions ) Tj ET Q q 0 0 0 rg BT 168.08 403.70 Td (were ) Tj ET Q q 0 0 0 rg BT 190.50 403.70 Td (driven ) Tj ET Q q 0 0 0 rg BT 219.03 403.70 Td (by ) Tj ET Q q 0 0 0 rg BT 232.02 403.70 Td (rigorous ) Tj ET Q q 0 0 0 rg BT 268.34 403.70 Td (analysis ) Tj ET Q q 0 0 0 rg BT 303.55 403.70 Td (of ) Tj ET Q q 0 0 0 rg BT 314.87 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 330.08 403.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 376.39 403.70 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 419.08 403.70 Td (as ) Tj ET Q q 0 0 0 rg BT 430.40 403.70 Td (well ) Tj ET Q q 0 0 0 rg BT 450.60 403.70 Td (as ) Tj ET Q q 0 0 0 rg BT 461.92 403.70 Td (considerations ) Tj ET Q q 0 0 0 rg BT 522.68 403.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 391.70 Td (structural ) Tj ET Q q 0 0 0 rg BT 121.26 391.70 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 180.95 391.70 Td (associated ) Tj ET Q q 0 0 0 rg BT 224.54 391.70 Td (with ) Tj ET Q q 0 0 0 rg BT 244.82 391.70 Td (these ) Tj ET Q q 0 0 0 rg BT 267.87 391.70 Td (positions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 372.70 Td (In ) Tj ET Q q 0 0 0 rg BT 113.32 372.70 Td (all ) Tj ET Q q 0 0 0 rg BT 124.81 372.70 Td (cases, ) Tj ET Q q 0 0 0 rg BT 149.91 372.70 Td (we ) Tj ET Q q 0 0 0 rg BT 163.06 372.70 Td (have ) Tj ET Q q 0 0 0 rg BT 183.43 372.70 Td (been ) Tj ET Q q 0 0 0 rg BT 203.80 372.70 Td (buyers ) Tj ET Q q 0 0 0 rg BT 231.96 372.70 Td (of ) Tj ET Q q 0 0 0 rg BT 241.78 372.70 Td (non-agency ) Tj ET Q q 0 0 0 rg BT 289.92 372.70 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 319.21 372.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 358.47 372.70 Td (in ) Tj ET Q q 0 0 0 rg BT 367.74 372.70 Td (the ) Tj ET Q q 0 0 0 rg BT 381.45 372.70 Td (secondary ) Tj ET Q q 0 0 0 rg BT 423.48 372.70 Td (market. ) Tj ET Q q 0 0 0 rg BT 455.13 372.70 Td (W) Tj ET Q q 0 0 0 rg BT 463.77 372.70 Td (e ) Tj ET Q q 0 0 0 rg BT 469.70 372.70 Td (do ) Tj ET Q q 0 0 0 rg BT 481.19 372.70 Td (not ) Tj ET Q q 0 0 0 rg BT 495.47 372.70 Td (originate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.70 Td (non-agency ) Tj ET Q q 0 0 0 rg BT 130.15 360.70 Td (whole ) Tj ET Q q 0 0 0 rg BT 157.08 360.70 Td (loans, ) Tj ET Q q 0 0 0 rg BT 183.19 360.70 Td (regardless ) Tj ET Q q 0 0 0 rg BT 226.23 360.70 Td (of ) Tj ET Q q 0 0 0 rg BT 237.06 360.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 282.88 360.70 Td (collateral.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 341.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.59 341.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 170.00 341.70 Td (in ) Tj ET Q q 0 0 0 rg BT 181.32 341.70 Td (non-agency ) Tj ET Q q 0 0 0 rg BT 231.50 341.70 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 262.83 341.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 304.13 341.70 Td (is ) Tj ET Q q 0 0 0 rg BT 314.33 341.70 Td (predicated ) Tj ET Q q 0 0 0 rg BT 359.51 341.70 Td (on ) Tj ET Q q 0 0 0 rg BT 373.04 341.70 Td (the ) Tj ET Q q 0 0 0 rg BT 388.79 341.70 Td (conservative ) Tj ET Q q 0 0 0 rg BT 442.86 341.70 Td (and ) Tj ET Q q 0 0 0 rg BT 460.83 341.70 Td (adequate ) Tj ET Q q 0 0 0 rg BT 499.90 341.70 Td (cushion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 329.70 Td (between ) Tj ET Q q 0 0 0 rg BT 117.97 329.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 157.16 329.70 Td (price ) Tj ET Q q 0 0 0 rg BT 180.80 329.70 Td (and ) Tj ET Q q 0 0 0 rg BT 198.90 329.70 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 226.99 329.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 235.65 329.70 Td (rating, ) Tj ET Q q 0 0 0 rg BT 265.13 329.70 Td (general ) Tj ET Q q 0 0 0 rg BT 298.21 329.70 Td (lack ) Tj ET Q q 0 0 0 rg BT 318.52 329.70 Td (of ) Tj ET Q q 0 0 0 rg BT 330.50 329.70 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 375.27 329.70 Td (to ) Tj ET Q q 0 0 0 rg BT 386.70 329.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 419.79 329.70 Td (rates, ) Tj ET Q q 0 0 0 rg BT 444.82 329.70 Td (positive ) Tj ET Q q 0 0 0 rg BT 480.14 329.70 Td (convexity ) Tj ET Q q 0 0 0 rg BT 523.23 329.70 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 317.70 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 131.30 317.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 153.28 317.70 Td (and ) Tj ET Q q 0 0 0 rg BT 170.82 317.70 Td (correlation ) Tj ET Q q 0 0 0 rg BT 217.23 317.70 Td (between ) Tj ET Q q 0 0 0 rg BT 253.65 317.70 Td (the ) Tj ET Q q 0 0 0 rg BT 268.96 317.70 Td (price ) Tj ET Q q 0 0 0 rg BT 292.05 317.70 Td (of ) Tj ET Q q 0 0 0 rg BT 303.48 317.70 Td (the ) Tj ET Q q 0 0 0 rg BT 318.80 317.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 359.66 317.70 Td (and ) Tj ET Q q 0 0 0 rg BT 377.20 317.70 Td (the ) Tj ET Q q 0 0 0 rg BT 392.52 317.70 Td (unfolding ) Tj ET Q q 0 0 0 rg BT 434.51 317.70 Td (recovery ) Tj ET Q q 0 0 0 rg BT 472.58 317.70 Td (of ) Tj ET Q q 0 0 0 rg BT 484.01 317.70 Td (the ) Tj ET Q q 0 0 0 rg BT 499.33 317.70 Td (housing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 305.70 Td (market. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 286.70 Td (The ) Tj ET Q q 0 0 0 rg BT 123.37 286.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 141.57 286.70 Td (value ) Tj ET Q q 0 0 0 rg BT 167.55 286.70 Td (of ) Tj ET Q q 0 0 0 rg BT 180.21 286.70 Td (our ) Tj ET Q q 0 0 0 rg BT 197.86 286.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 249.96 286.70 Td (in ) Tj ET Q q 0 0 0 rg BT 262.06 286.70 Td (subprime ) Tj ET Q q 0 0 0 rg BT 303.61 286.70 Td (and ) Tj ET Q q 0 0 0 rg BT 321.41 286.70 Td (Alt-A) Tj ET Q q 0 0 0 rg BT 344.19 286.70 Td ( ) Tj ET Q q 0 0 0 rg BT 348.52 286.70 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 380.64 286.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 422.72 286.70 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.60 286.70 Td ($322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.60 286.70 Td ( ) Tj ET Q q 0 0 0 rg BT 466.92 286.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.69 286.70 Td ($717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.69 286.70 Td ( ) Tj ET Q q 0 0 0 rg BT 510.01 286.70 Td (as ) Tj ET Q q 0 0 0 rg BT 522.67 286.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 274.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.26 274.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.26 274.70 Td (, ) Tj ET Q q 0 0 0 rg BT 166.26 274.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 213.92 274.70 Td (, ) Tj ET Q q 0 0 0 rg BT 218.92 274.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.86 274.70 Td ($522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.86 274.70 Td ( ) Tj ET Q q 0 0 0 rg BT 258.36 274.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.30 274.70 Td ($1,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.80 274.70 Td (, ) Tj ET Q q 0 0 0 rg BT 307.80 274.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 355.46 274.70 Td (, ) Tj ET Q q 0 0 0 rg BT 360.46 274.70 Td (as ) Tj ET Q q 0 0 0 rg BT 371.29 274.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.12 274.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 442.39 274.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.39 274.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 255.70 Td (During ) Tj ET Q q 0 0 0 rg BT 134.16 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 148.70 255.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 172.69 255.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 203.33 255.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 229.54 255.70 Td (June ) Tj ET Q q 0 0 0 rg BT 250.19 255.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 265.02 255.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 289.85 255.70 Td (we ) Tj ET Q q 0 0 0 rg BT 303.84 255.70 Td (learned ) Tj ET Q q 0 0 0 rg BT 335.59 255.70 Td (of ) Tj ET Q q 0 0 0 rg BT 346.25 255.70 Td (a ) Tj ET Q q 0 0 0 rg BT 353.01 255.70 Td (settlement ) Tj ET Q q 0 0 0 rg BT 396.44 255.70 Td (that ) Tj ET Q q 0 0 0 rg BT 413.76 255.70 Td (we ) Tj ET Q q 0 0 0 rg BT 427.75 255.70 Td (are ) Tj ET Q q 0 0 0 rg BT 442.29 255.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 474.61 255.70 Td (to ) Tj ET Q q 0 0 0 rg BT 484.71 255.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 515.90 255.70 Td (as ) Tj ET Q q 0 0 0 rg BT 526.56 255.70 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 243.70 Td (result ) Tj ET Q q 0 0 0 rg BT 104.74 243.70 Td (of ) Tj ET Q q 0 0 0 rg BT 114.58 243.70 Td (our ) Tj ET Q q 0 0 0 rg BT 129.43 243.70 Td (ownership ) Tj ET Q q 0 0 0 rg BT 172.61 243.70 Td (of ) Tj ET Q q 0 0 0 rg BT 182.46 243.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 211.18 243.70 Td (residential ) Tj ET Q q 0 0 0 rg BT 254.35 243.70 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 325.28 243.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 364.56 243.70 Td (that ) Tj ET Q q 0 0 0 rg BT 381.07 243.70 Td (were ) Tj ET Q q 0 0 0 rg BT 402.02 243.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 428.54 243.70 Td (by ) Tj ET Q q 0 0 0 rg BT 440.06 243.70 Td (Countrywide ) Tj ET Q q 0 0 0 rg BT 493.79 243.70 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 231.70 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 131.48 231.70 Td (\("Countrywide"\), ) Tj ET Q q 0 0 0 rg BT 203.17 231.70 Td (which ) Tj ET Q q 0 0 0 rg BT 229.76 231.70 Td (was ) Tj ET Q q 0 0 0 rg BT 247.47 231.70 Td (later ) Tj ET Q q 0 0 0 rg BT 267.38 231.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 303.96 231.70 Td (by ) Tj ET Q q 0 0 0 rg BT 316.11 231.70 Td (Bank ) Tj ET Q q 0 0 0 rg BT 339.37 231.70 Td (of ) Tj ET Q q 0 0 0 rg BT 349.38 231.70 Td (America ) Tj ET Q q 0 0 0 rg BT 385.95 231.70 Td (Corporation. ) Tj ET Q q 0 0 0 rg BT 438.46 231.70 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.83 231.70 Td ($18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.83 231.70 Td ( ) Tj ET Q q 0 0 0 rg BT 469.98 231.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 489.90 231.70 Td (settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 219.70 Td (was ) Tj ET Q q 0 0 0 rg BT 99.25 219.70 Td (received ) Tj ET Q q 0 0 0 rg BT 135.80 219.70 Td (in ) Tj ET Q q 0 0 0 rg BT 146.28 219.70 Td (the ) Tj ET Q q 0 0 0 rg BT 161.19 219.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 185.54 219.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 216.55 219.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 243.12 219.70 Td (June ) Tj ET Q q 0 0 0 rg BT 264.14 219.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 279.34 219.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 302.03 219.70 Td (for ) Tj ET Q q 0 0 0 rg BT 316.38 219.70 Td (a ) Tj ET Q q 0 0 0 rg BT 323.52 219.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 360.09 219.70 Td (of ) Tj ET Q q 0 0 0 rg BT 371.12 219.70 Td (the ) Tj ET Q q 0 0 0 rg BT 386.03 219.70 Td (Countrywide ) Tj ET Q q 0 0 0 rg BT 440.94 219.70 Td (securities, ) Tj ET Q q 0 0 0 rg BT 483.90 219.70 Td (and ) Tj ET Q q 0 0 0 rg BT 501.03 219.70 Td (another ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 207.70 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 207.70 Td ( ) Tj ET Q q 0 0 0 rg BT 93.32 207.70 Td (is ) Tj ET Q q 0 0 0 rg BT 102.30 207.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 140.15 207.70 Td (to ) Tj ET Q q 0 0 0 rg BT 150.25 207.70 Td (be ) Tj ET Q q 0 0 0 rg BT 162.00 207.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 181.54 207.70 Td (in ) Tj ET Q q 0 0 0 rg BT 191.63 207.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.17 207.70 Td (second ) Tj ET Q q 0 0 0 rg BT 236.25 207.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 260.22 207.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 290.86 207.70 Td (of ) Tj ET Q q 0 0 0 rg BT 301.50 207.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 326.32 207.70 Td (Please ) Tj ET Q q 0 0 0 rg BT 354.18 207.70 Td (refer ) Tj ET Q q 0 0 0 rg BT 375.37 207.70 Td (to ) Tj ET Q q 0 0 0 rg BT 385.46 207.70 Td ("Note ) Tj ET Q q 0 0 0 rg BT 411.30 207.70 Td (4. ) Tj ET Q q 0 0 0 rg BT 421.12 207.70 Td (Investments" ) Tj ET Q q 0 0 0 rg BT 475.84 207.70 Td (to ) Tj ET Q q 0 0 0 rg BT 485.94 207.70 Td (our ) Tj ET Q q 0 0 0 rg BT 501.58 207.70 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 195.70 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 136.27 195.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 175.99 195.70 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.87 195.70 Td ( ) Tj ET Q q 0 0 0 rg BT 222.37 195.70 Td (for ) Tj ET Q q 0 0 0 rg BT 236.53 195.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 279.02 195.70 Td (details. ) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.74 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 163.32 742.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 189.33 742.10 Td (summarize ) Tj ET Q q 0 0 0 rg BT 235.90 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 251.92 742.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 290.71 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.18 742.10 Td (subprime ) Tj ET Q q 0 0 0 rg BT 341.09 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.63 742.10 Td (Alt-A) Tj ET Q q 0 0 0 rg BT 380.40 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.10 742.10 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 413.58 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 426.27 742.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 451.73 742.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 482.19 742.10 Td (using ) Tj ET Q q 0 0 0 rg BT 506.56 742.10 Td (NAIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (designations, ) Tj ET Q q 0 0 0 rg BT 136.00 730.10 Td (NRSRO ) Tj ET Q q 0 0 0 rg BT 171.84 730.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 201.56 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.50 730.10 Td (vintage ) Tj ET Q q 0 0 0 rg BT 250.43 730.10 Td (year ) Tj ET Q q 0 0 0 rg BT 270.14 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.97 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.80 730.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 352.06 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.06 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.56 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 730.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 451.76 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.76 730.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 695.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 695.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 695.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 695.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 695.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 695.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 695.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 695.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 695.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 669.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 669.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 669.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 669.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 669.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 669.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 669.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 669.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 669.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 643.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 643.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 643.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 643.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 643.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 643.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 643.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 643.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 643.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 617.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 617.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 617.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 617.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 617.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 617.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 617.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 617.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 617.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 591.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 591.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 591.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 591.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 591.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 591.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 591.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 591.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 591.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 565.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 565.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 565.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 565.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 565.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 565.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 565.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 565.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 565.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 539.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 539.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 539.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 539.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 539.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 539.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 539.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 539.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 539.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 513.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 513.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 513.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 513.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 513.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 513.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 513.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 513.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 513.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 487.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 487.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 487.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 487.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 487.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 487.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 487.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 487.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 487.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 461.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 461.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 461.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 461.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 461.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 461.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 461.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 461.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 461.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 435.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 435.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 435.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 435.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 435.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 435.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 435.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 435.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 435.60 72.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 695.6 m 302.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 695.6 m 306.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 695.6 m 378.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 695.6 m 454.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 695.6 m 458.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 695.6 m 530.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 604.6 m 302.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 592.6 m 302.5 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 590.6 m 302.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 604.6 m 378.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 592.6 m 378.5 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 590.6 m 378.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 604.6 m 454.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 592.6 m 454.5 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 590.6 m 454.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 604.6 m 530.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 592.6 m 530.5 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 590.6 m 530.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 500.6 m 530.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 500.6 m 302.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 488.6 m 302.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 486.6 m 302.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 500.6 m 378.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 488.6 m 378.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 486.6 m 378.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 500.6 m 454.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 488.6 m 454.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 486.6 m 454.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 500.6 m 530.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 488.6 m 530.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 486.6 m 530.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 422.6 m 302.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 411.6 m 302.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 409.6 m 302.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 422.6 m 378.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 411.6 m 378.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 409.6 m 378.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 422.6 m 454.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 411.6 m 454.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 409.6 m 454.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 422.6 m 530.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 411.6 m 530.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 409.6 m 530.5 409.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.60 699.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.60 699.83 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 686.83 Td (NAIC Designation:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 673.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 673.85 Td (1,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 673.85 Td (99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 673.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 673.85 Td (1,747) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 673.85 Td (99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 673.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 660.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 660.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 660.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 660.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 660.85 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 660.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 660.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 647.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 647.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 647.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 647.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 647.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 647.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 647.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 634.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 634.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.30 634.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 634.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 634.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 634.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 634.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 621.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.30 621.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 621.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 621.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 621.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 621.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 621.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 608.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.30 608.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 608.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 608.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 608.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 608.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 608.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 595.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 595.85 Td (1,039) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 595.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 595.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 595.85 Td (1,762) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 595.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 595.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 569.83 Td (NRSRO:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 556.85 Td (AAA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.30 556.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.30 556.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 556.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 556.85 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 556.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 556.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 543.85 Td (AA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 543.85 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.30 543.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 543.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 543.85 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 543.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 543.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 530.85 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.30 530.85 Td (47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.30 530.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 530.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 530.85 Td (66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 530.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 530.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 517.85 Td (BBB) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.30 517.85 Td (27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.30 517.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 517.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 517.85 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 517.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 517.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 504.85 Td (BB and below) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.30 504.85 Td (944) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 504.85 Td (90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 504.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 504.85 Td (1,629) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 504.85 Td (92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 504.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 491.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 491.85 Td (1,039) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 491.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 491.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 491.85 Td (1,763) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 491.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 491.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 465.83 Td (Vintage:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 452.85 Td (2007) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.30 452.85 Td (210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 452.85 Td (20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 452.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 452.85 Td (449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 452.85 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 452.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 439.85 Td (2006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.30 439.85 Td (381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 439.85 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 439.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 439.85 Td (721) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 439.85 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 439.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 426.85 Td (2005 and prior) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.30 426.85 Td (448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 426.85 Td (43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 426.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 426.85 Td (593) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 426.85 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 426.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 414.68 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 414.55 Td (1,039) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 414.55 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 414.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 414.55 Td (1,763) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 414.55 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 414.55 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 381.70 Td (ABS ) Tj ET Q q 0 0 0 rg BT 102.95 381.70 Td (Exposur) Tj ET Q q 0 0 0 rg BT 138.90 381.70 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 362.70 Td (As ) Tj ET Q q 0 0 0 rg BT 117.46 362.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.64 362.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 189.26 362.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.26 362.70 Td (, ) Tj ET Q q 0 0 0 rg BT 214.61 362.70 Td (our ) Tj ET Q q 0 0 0 rg BT 230.79 362.70 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 284.72 362.70 Td (security ) Tj ET Q q 0 0 0 rg BT 319.23 362.70 Td (\("ABS"\) ) Tj ET Q q 0 0 0 rg BT 356.36 362.70 Td (exposure ) Tj ET Q q 0 0 0 rg BT 395.31 362.70 Td (was ) Tj ET Q q 0 0 0 rg BT 413.71 362.70 Td (lar) Tj ET Q q 0 0 0 rg BT 424.08 362.70 Td (gely ) Tj ET Q q 0 0 0 rg BT 444.14 362.70 Td (composed ) Tj ET Q q 0 0 0 rg BT 487.54 362.70 Td (of ) Tj ET Q q 0 0 0 rg BT 498.72 362.70 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 526.02 362.70 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 350.70 Td (rated ) Tj ET Q q 0 0 0 rg BT 103.01 350.70 Td (tranches ) Tj ET Q q 0 0 0 rg BT 138.35 350.70 Td (of ) Tj ET Q q 0 0 0 rg BT 148.71 350.70 Td (CLOs, ) Tj ET Q q 0 0 0 rg BT 177.12 350.70 Td (which ) Tj ET Q q 0 0 0 rg BT 203.59 350.70 Td (comprised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.27 350.70 Td (83%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.60 350.70 Td ( ) Tj ET Q q 0 0 0 rg BT 267.62 350.70 Td (of ) Tj ET Q q 0 0 0 rg BT 277.98 350.70 Td (all ) Tj ET Q q 0 0 0 rg BT 289.55 350.70 Td (ABS ) Tj ET Q q 0 0 0 rg BT 311.03 350.70 Td (holdings. ) Tj ET Q q 0 0 0 rg BT 349.86 350.70 Td (These ) Tj ET Q q 0 0 0 rg BT 375.76 350.70 Td (exposures ) Tj ET Q q 0 0 0 rg BT 417.78 350.70 Td (are ) Tj ET Q q 0 0 0 rg BT 432.01 350.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 471.24 350.70 Td (senior ) Tj ET Q q 0 0 0 rg BT 497.70 350.70 Td (tranches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 91.03 338.70 Td (CLOs ) Tj ET Q q 0 0 0 rg BT 116.62 338.70 Td (which ) Tj ET Q q 0 0 0 rg BT 142.76 338.70 Td (have ) Tj ET Q q 0 0 0 rg BT 163.33 338.70 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 203.90 338.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 226.70 338.70 Td (as ) Tj ET Q q 0 0 0 rg BT 236.73 338.70 Td (their ) Tj ET Q q 0 0 0 rg BT 256.76 338.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 301.78 338.70 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 343.06 338.70 Td (The ) Tj ET Q q 0 0 0 rg BT 360.30 338.70 Td (remainder ) Tj ET Q q 0 0 0 rg BT 402.53 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 412.56 338.70 Td (our ) Tj ET Q q 0 0 0 rg BT 427.22 338.70 Td (ABS ) Tj ET Q q 0 0 0 rg BT 448.37 338.70 Td (exposure ) Tj ET Q q 0 0 0 rg BT 486.17 338.70 Td (was ) Tj ET Q q 0 0 0 rg BT 503.42 338.70 Td (lar) Tj ET Q q 0 0 0 rg BT 513.78 338.70 Td (gely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 326.70 Td (diversified ) Tj ET Q q 0 0 0 rg BT 126.26 326.70 Td (by ) Tj ET Q q 0 0 0 rg BT 138.76 326.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 184.59 326.70 Td (collateral ) Tj ET Q q 0 0 0 rg BT 224.29 326.70 Td (and ) Tj ET Q q 0 0 0 rg BT 241.22 326.70 Td (issuer ) Tj ET Q q 0 0 0 rg BT 267.05 326.70 Td (type, ) Tj ET Q q 0 0 0 rg BT 289.27 326.70 Td (including ) Tj ET Q q 0 0 0 rg BT 329.54 326.70 Td (automobile ) Tj ET Q q 0 0 0 rg BT 377.04 326.70 Td (and ) Tj ET Q q 0 0 0 rg BT 393.97 326.70 Td (home ) Tj ET Q q 0 0 0 rg BT 418.69 326.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 446.19 326.70 Td (receivables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 307.70 Td (The ) Tj ET Q q 0 0 0 rg BT 122.02 307.70 Td (following ) Tj ET Q q 0 0 0 rg BT 163.88 307.70 Td (tables ) Tj ET Q q 0 0 0 rg BT 190.18 307.70 Td (summarize ) Tj ET Q q 0 0 0 rg BT 237.02 307.70 Td (our ) Tj ET Q q 0 0 0 rg BT 252.67 307.70 Td (ABS ) Tj ET Q q 0 0 0 rg BT 275.09 307.70 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 316.45 307.70 Td (The ) Tj ET Q q 0 0 0 rg BT 334.97 307.70 Td (non-CLO ) Tj ET Q q 0 0 0 rg BT 376.27 307.70 Td (exposure ) Tj ET Q q 0 0 0 rg BT 415.34 307.70 Td (represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.85 307.70 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.18 307.70 Td ( ) Tj ET Q q 0 0 0 rg BT 480.16 307.70 Td (of ) Tj ET Q q 0 0 0 rg BT 491.46 307.70 Td (total ) Tj ET Q q 0 0 0 rg BT 511.55 307.70 Td (ABS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 295.70 Td (assets, ) Tj ET Q q 0 0 0 rg BT 109.16 295.70 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.83 295.70 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.16 295.70 Td ( ) Tj ET Q q 0 0 0 rg BT 135.49 295.70 Td (of ) Tj ET Q q 0 0 0 rg BT 146.15 295.70 Td (total ) Tj ET Q q 0 0 0 rg BT 166.26 295.70 Td (invested ) Tj ET Q q 0 0 0 rg BT 201.92 295.70 Td (assets. ) Tj ET Q q 0 0 0 rg BT 229.56 295.70 Td (As ) Tj ET Q q 0 0 0 rg BT 243.01 295.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.67 295.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 313.77 295.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.77 295.70 Td (, ) Tj ET Q q 0 0 0 rg BT 338.60 295.70 Td (the ) Tj ET Q q 0 0 0 rg BT 353.15 295.70 Td (CLO ) Tj ET Q q 0 0 0 rg BT 375.49 295.70 Td (and ) Tj ET Q q 0 0 0 rg BT 392.26 295.70 Td (non-CLO ) Tj ET Q q 0 0 0 rg BT 432.92 295.70 Td (positions ) Tj ET Q q 0 0 0 rg BT 471.37 295.70 Td (were ) Tj ET Q q 0 0 0 rg BT 493.13 295.70 Td (trading ) Tj ET Q q 0 0 0 rg BT 523.79 295.70 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 283.70 Td (a ) Tj ET Q q 0 0 0 rg BT 87.94 283.70 Td (net ) Tj ET Q q 0 0 0 rg BT 102.66 283.70 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 146.80 283.70 Td (loss ) Tj ET Q q 0 0 0 rg BT 164.86 283.70 Td (position ) Tj ET Q q 0 0 0 rg BT 199.58 283.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.41 283.70 Td ($25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.41 283.70 Td ( ) Tj ET Q q 0 0 0 rg BT 227.91 283.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.85 283.70 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.85 283.70 Td (, ) Tj ET Q q 0 0 0 rg BT 259.85 283.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 307.51 283.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 264.70 Td (The ) Tj ET Q q 0 0 0 rg BT 120.46 264.70 Td (non-CLO ) Tj ET Q q 0 0 0 rg BT 160.20 264.70 Td (exposure ) Tj ET Q q 0 0 0 rg BT 197.72 264.70 Td (as ) Tj ET Q q 0 0 0 rg BT 207.46 264.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.20 264.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 276.38 264.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.38 264.70 Td ( ) Tj ET Q q 0 0 0 rg BT 297.79 264.70 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.29 264.70 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.62 264.70 Td ( ) Tj ET Q q 0 0 0 rg BT 365.04 264.70 Td (of ) Tj ET Q q 0 0 0 rg BT 374.78 264.70 Td (total ) Tj ET Q q 0 0 0 rg BT 393.65 264.70 Td (ABS ) Tj ET Q q 0 0 0 rg BT 414.52 264.70 Td (assets, ) Tj ET Q q 0 0 0 rg BT 441.76 264.70 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.51 264.70 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.84 264.70 Td (, ) Tj ET Q q 0 0 0 rg BT 468.75 264.70 Td (of ) Tj ET Q q 0 0 0 rg BT 478.50 264.70 Td (total ) Tj ET Q q 0 0 0 rg BT 497.68 264.70 Td (invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 252.70 Td (assets. ) Tj ET Q q 0 0 0 rg BT 108.45 252.70 Td (As ) Tj ET Q q 0 0 0 rg BT 121.64 252.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.04 252.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 191.88 252.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.88 252.70 Td (, ) Tj ET Q q 0 0 0 rg BT 216.46 252.70 Td (the ) Tj ET Q q 0 0 0 rg BT 230.75 252.70 Td (CLO ) Tj ET Q q 0 0 0 rg BT 252.82 252.70 Td (positions ) Tj ET Q q 0 0 0 rg BT 291.02 252.70 Td (were ) Tj ET Q q 0 0 0 rg BT 312.52 252.70 Td (trading ) Tj ET Q q 0 0 0 rg BT 342.92 252.70 Td (at ) Tj ET Q q 0 0 0 rg BT 352.21 252.70 Td (a ) Tj ET Q q 0 0 0 rg BT 358.73 252.70 Td (net ) Tj ET Q q 0 0 0 rg BT 373.02 252.70 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 416.73 252.70 Td (loss ) Tj ET Q q 0 0 0 rg BT 434.37 252.70 Td (position ) Tj ET Q q 0 0 0 rg BT 468.67 252.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.08 252.70 Td ($43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.08 252.70 Td ( ) Tj ET Q q 0 0 0 rg BT 496.15 252.70 Td (and ) Tj ET Q q 0 0 0 rg BT 512.67 252.70 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 240.70 Td (CLO ) Tj ET Q q 0 0 0 rg BT 103.50 240.70 Td (positions ) Tj ET Q q 0 0 0 rg BT 142.12 240.70 Td (were ) Tj ET Q q 0 0 0 rg BT 164.05 240.70 Td (trading ) Tj ET Q q 0 0 0 rg BT 194.87 240.70 Td (at ) Tj ET Q q 0 0 0 rg BT 204.59 240.70 Td (a ) Tj ET Q q 0 0 0 rg BT 211.53 240.70 Td (net ) Tj ET Q q 0 0 0 rg BT 226.24 240.70 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 270.38 240.70 Td (gain ) Tj ET Q q 0 0 0 rg BT 290.10 240.70 Td (position ) Tj ET Q q 0 0 0 rg BT 324.83 240.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.66 240.70 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.66 240.70 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 195.20 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 195.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 195.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 195.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 195.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 195.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 195.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 195.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 195.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 169.20 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 169.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 169.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 169.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 169.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 169.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 169.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 169.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 169.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 143.20 194.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 143.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 143.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 143.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 143.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 143.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 143.20 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 143.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 143.20 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 208.20000000000005 m 338.5 208.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 208.20000000000005 m 342.5 208.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 208.20000000000005 m 402.5 208.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 208.20000000000005 m 466.5 208.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 208.20000000000005 m 470.5 208.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 208.20000000000005 m 530.5 208.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 195.20000000000005 m 274.5 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 195.20000000000005 m 338.5 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 195.20000000000005 m 402.5 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 195.20000000000005 m 466.5 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 195.20000000000005 m 530.5 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 195.20000000000005 m 338.5 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 195.20000000000005 m 402.5 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 195.20000000000005 m 466.5 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 195.20000000000005 m 530.5 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 143.20000000000005 m 338.5 143.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 131.20000000000005 m 338.5 131.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 129.20000000000005 m 338.5 129.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 143.20000000000005 m 402.5 143.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 131.20000000000005 m 402.5 131.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 129.20000000000005 m 402.5 129.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 143.20000000000005 m 466.5 143.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 131.20000000000005 m 466.5 131.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 129.20000000000005 m 466.5 129.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 143.20000000000005 m 530.5 143.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 131.20000000000005 m 530.5 131.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 129.20000000000005 m 530.5 129.20000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.60 212.43 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.60 212.43 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 199.43 Td (Asset Class) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.15 199.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.95 199.43 Td (Percent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.15 199.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.95 199.43 Td (Percent) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 186.45 Td (ABS CLO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.00 186.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.30 186.45 Td (2,084) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 186.45 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 186.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 186.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 186.45 Td (1,811) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 186.45 Td (86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 186.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 173.45 Td (ABS auto) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.30 173.45 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 173.45 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 173.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 173.45 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 173.45 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 173.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 160.45 Td (ABS home equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.30 160.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 160.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 160.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 160.45 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 160.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 160.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 147.45 Td (ABS other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.30 147.45 Td (402) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 147.45 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 147.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 147.45 Td (269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 147.45 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 147.45 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 134.43 Td (Total ABS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.00 134.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.30 134.45 Td (2,499) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.30 134.45 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 134.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 134.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 134.45 Td (2,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 134.45 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 134.45 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (78) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Commer) Tj ET Q q 0 0 0 rg BT 118.58 742.25 Td (cial Mortgage Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 111.64 724.25 Td (e ) Tj ET Q q 0 0 0 rg BT 119.24 724.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 137.38 724.25 Td (all ) Tj ET Q q 0 0 0 rg BT 150.53 724.25 Td (CMLs ) Tj ET Q q 0 0 0 rg BT 179.25 724.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.19 724.25 Td (quantify ) Tj ET Q q 0 0 0 rg BT 226.68 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.05 724.25 Td (level ) Tj ET Q q 0 0 0 rg BT 264.65 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.13 724.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 296.57 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 305.20 724.25 Td (e ) Tj ET Q q 0 0 0 rg BT 312.80 724.25 Td (place ) Tj ET Q q 0 0 0 rg BT 337.05 724.25 Td (those ) Tj ET Q q 0 0 0 rg BT 361.32 724.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 385.59 724.25 Td (with ) Tj ET Q q 0 0 0 rg BT 406.53 724.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 435.23 724.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 453.39 724.25 Td (on ) Tj ET Q q 0 0 0 rg BT 466.55 724.25 Td (a ) Tj ET Q q 0 0 0 rg BT 474.15 724.25 Td (watch ) Tj ET Q q 0 0 0 rg BT 501.18 724.25 Td (list ) Tj ET Q q 0 0 0 rg BT 516.57 724.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 712.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 111.93 712.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 146.19 712.25 Td (them ) Tj ET Q q 0 0 0 rg BT 168.79 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 183.05 712.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 222.85 712.25 Td (deficiency ) Tj ET Q q 0 0 0 rg BT 267.09 712.25 Td (or ) Tj ET Q q 0 0 0 rg BT 278.02 712.25 Td (other ) Tj ET Q q 0 0 0 rg BT 301.17 712.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 326.54 712.25 Td (events ) Tj ET Q q 0 0 0 rg BT 354.69 712.25 Td (that ) Tj ET Q q 0 0 0 rg BT 372.28 712.25 Td (may ) Tj ET Q q 0 0 0 rg BT 392.10 712.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 411.36 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.74 712.25 Td (a ) Tj ET Q q 0 0 0 rg BT 428.78 712.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 466.37 712.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 484.53 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.46 712.25 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 700.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 109.64 700.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 144.67 700.25 Td (If ) Tj ET Q q 0 0 0 rg BT 154.42 700.25 Td (we ) Tj ET Q q 0 0 0 rg BT 169.17 700.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 212.25 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.56 700.25 Td (value ) Tj ET Q q 0 0 0 rg BT 252.31 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.73 700.25 Td (any ) Tj ET Q q 0 0 0 rg BT 281.26 700.25 Td (CML) Tj ET Q q 0 0 0 rg BT 302.56 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 305.65 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.52 700.25 Td (be ) Tj ET Q q 0 0 0 rg BT 329.06 700.25 Td (impaired ) Tj ET Q q 0 0 0 rg BT 367.69 700.25 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 388.83 700.25 Td (when ) Tj ET Q q 0 0 0 rg BT 413.59 700.25 Td (it ) Tj ET Q q 0 0 0 rg BT 422.24 700.25 Td (is ) Tj ET Q q 0 0 0 rg BT 432.00 700.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 470.08 700.25 Td (that ) Tj ET Q q 0 0 0 rg BT 488.17 700.25 Td (we ) Tj ET Q q 0 0 0 rg BT 502.92 700.25 Td (will ) Tj ET Q q 0 0 0 rg BT 521.57 700.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 688.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 110.09 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.30 688.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 149.38 688.25 Td (on ) Tj ET Q q 0 0 0 rg BT 161.82 688.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 198.14 688.25 Td (due ) Tj ET Q q 0 0 0 rg BT 215.01 688.25 Td (according ) Tj ET Q q 0 0 0 rg BT 256.86 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.08 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.73 688.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 328.58 688.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 353.23 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.99 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.64 688.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 398.29 688.25 Td (agreement\), ) Tj ET Q q 0 0 0 rg BT 448.19 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.84 688.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 498.59 688.25 Td (value ) Tj ET Q q 0 0 0 rg BT 522.68 688.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.53 676.25 Td (CML) Tj ET Q q 0 0 0 rg BT 117.83 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.15 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 131.14 676.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 166.10 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.19 676.25 Td (either ) Tj ET Q q 0 0 0 rg BT 203.27 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.81 676.25 Td (present ) Tj ET Q q 0 0 0 rg BT 251.00 676.25 Td (value ) Tj ET Q q 0 0 0 rg BT 275.97 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.62 676.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 326.47 676.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 347.56 676.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 373.09 676.25 Td (from ) Tj ET Q q 0 0 0 rg BT 395.85 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.38 676.25 Td (loan, ) Tj ET Q q 0 0 0 rg BT 434.42 676.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 481.06 676.25 Td (at ) Tj ET Q q 0 0 0 rg BT 491.59 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.13 676.25 Td (loan) Tj ET Q q 0 0 0 rg BT 527.12 676.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 664.25 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 664.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 119.44 664.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 152.52 664.25 Td (rate, ) Tj ET Q q 0 0 0 rg BT 173.66 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 185.64 664.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 203.17 664.25 Td (value ) Tj ET Q q 0 0 0 rg BT 228.47 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.45 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.32 664.25 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 299.66 664.25 Td (For ) Tj ET Q q 0 0 0 rg BT 317.21 664.25 Td (those ) Tj ET Q q 0 0 0 rg BT 341.96 664.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 383.38 664.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 408.14 664.25 Td (that ) Tj ET Q q 0 0 0 rg BT 426.78 664.25 Td (are ) Tj ET Q q 0 0 0 rg BT 442.64 664.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 491.27 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.70 664.25 Td (require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 652.25 Td (foreclosure, ) Tj ET Q q 0 0 0 rg BT 131.32 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.39 652.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 182.56 652.25 Td (value ) Tj ET Q q 0 0 0 rg BT 207.06 652.25 Td (is ) Tj ET Q q 0 0 0 rg BT 216.58 652.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 251.07 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 261.70 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.77 652.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 293.49 652.25 Td (value ) Tj ET Q q 0 0 0 rg BT 318.00 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.18 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.24 652.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 390.42 652.25 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 432.96 652.25 Td (net ) Tj ET Q q 0 0 0 rg BT 448.03 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.21 652.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 500.38 652.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 523.23 652.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 640.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 108.78 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.00 640.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 142.67 640.25 Td (at ) Tj ET Q q 0 0 0 rg BT 152.67 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.67 640.25 Td (point ) Tj ET Q q 0 0 0 rg BT 191.00 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.12 640.25 Td (foreclosure. ) Tj ET Q q 0 0 0 rg BT 252.17 640.25 Td (The ) Tj ET Q q 0 0 0 rg BT 270.50 640.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 306.60 640.25 Td (value ) Tj ET Q q 0 0 0 rg BT 331.04 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.15 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.15 640.25 Td (impaired ) Tj ET Q q 0 0 0 rg BT 395.47 640.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 419.36 640.25 Td (is ) Tj ET Q q 0 0 0 rg BT 428.82 640.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 463.24 640.25 Td (by ) Tj ET Q q 0 0 0 rg BT 476.03 640.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 526.58 640.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 628.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 114.54 628.25 Td (write-down ) Tj ET Q q 0 0 0 rg BT 163.09 628.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 200.52 628.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.75 628.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 227.64 628.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 261.73 628.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 290.83 628.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 314.39 628.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 347.40 628.25 Td (in ) Tj ET Q q 0 0 0 rg BT 357.63 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.29 628.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 427.52 628.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 473.85 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.63 628.25 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 610.25 Td (Loan-to-value ) Tj ET Q q 0 0 0 rg BT 161.72 610.25 Td (\(L) Tj ET Q q 0 0 0 rg BT 174.68 610.25 Td (TV\) ) Tj ET Q q 0 0 0 rg BT 197.85 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.37 610.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 233.66 610.25 Td (service ) Tj ET Q q 0 0 0 rg BT 264.06 610.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 302.22 610.25 Td (\(DSC\) ) Tj ET Q q 0 0 0 rg BT 339.29 610.25 Td (ratios ) Tj ET Q q 0 0 0 rg BT 363.58 610.25 Td (are ) Tj ET Q q 0 0 0 rg BT 377.87 610.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 417.15 610.25 Td (commonly ) Tj ET Q q 0 0 0 rg BT 462.00 610.25 Td (used ) Tj ET Q q 0 0 0 rg BT 482.41 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.27 610.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 518.79 610.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 598.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 99.10 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.65 598.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 147.53 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.96 598.25 Td (CMLs. ) Tj ET Q q 0 0 0 rg BT 189.90 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 208.55 598.25 Td (L) Tj ET Q q 0 0 0 rg BT 213.74 598.25 Td (TV) Tj ET Q q 0 0 0 rg BT 226.89 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.00 598.25 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 253.93 598.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 297.56 598.25 Td (at ) Tj ET Q q 0 0 0 rg BT 307.88 598.25 Td (time ) Tj ET Q q 0 0 0 rg BT 328.76 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.19 598.25 Td (origination, ) Tj ET Q q 0 0 0 rg BT 389.68 598.25 Td (is ) Tj ET Q q 0 0 0 rg BT 399.45 598.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 441.99 598.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.42 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 460.96 598.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 507.37 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 598.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 586.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 113.46 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.26 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.95 586.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 158.64 586.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 191.09 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 201.34 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.02 586.25 Td (value ) Tj ET Q q 0 0 0 rg BT 240.15 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.95 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.63 586.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 311.43 586.25 Td (property) Tj ET Q q 0 0 0 rg BT 344.66 586.25 Td (. ) Tj ET Q q 0 0 0 rg BT 349.08 586.25 Td (An ) Tj ET Q q 0 0 0 rg BT 363.77 586.25 Td (L) Tj ET Q q 0 0 0 rg BT 368.96 586.25 Td (TV) Tj ET Q q 0 0 0 rg BT 382.11 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 384.58 586.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 405.38 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.62 586.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 444.19 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.99 586.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 480.79 586.25 Td (indicates ) Tj ET Q q 0 0 0 rg BT 518.80 586.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 574.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 110.82 574.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 130.64 574.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 163.23 574.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 197.48 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.30 574.25 Td (value ) Tj ET Q q 0 0 0 rg BT 236.56 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.49 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.31 574.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 308.23 574.25 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 350.34 574.25 Td (The ) Tj ET Q q 0 0 0 rg BT 368.49 574.25 Td (DSC ) Tj ET Q q 0 0 0 rg BT 390.55 574.25 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 413.97 574.25 Td (based ) Tj ET Q q 0 0 0 rg BT 439.34 574.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 461.94 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.76 574.25 Td (most ) Tj ET Q q 0 0 0 rg BT 498.81 574.25 Td (recently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 562.25 Td (received ) Tj ET Q q 0 0 0 rg BT 117.60 562.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.32 562.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 202.78 562.25 Td (is ) Tj ET Q q 0 0 0 rg BT 212.19 562.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 254.36 562.25 Td (as ) Tj ET Q q 0 0 0 rg BT 265.43 562.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.61 562.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 318.65 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.72 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.68 562.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 377.41 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.48 562.25 Td (a ) Tj ET Q q 0 0 0 rg BT 395.66 562.25 Td (property) Tj ET Q q 0 0 0 rg BT 432.32 562.25 Td (s ) Tj ET Q q 0 0 0 rg BT 438.95 562.25 Td (net ) Tj ET Q q 0 0 0 rg BT 453.91 562.25 Td (income ) Tj ET Q q 0 0 0 rg BT 486.08 562.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 511.04 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.56 562.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 550.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 100.55 550.25 Td (service ) Tj ET Q q 0 0 0 rg BT 131.20 550.25 Td (payments. ) Tj ET Q q 0 0 0 rg BT 173.85 550.25 Td (A) Tj ET Q q 0 0 0 rg BT 180.52 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 182.85 550.25 Td (DSC ) Tj ET Q q 0 0 0 rg BT 204.64 550.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 225.30 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.97 550.25 Td (less ) Tj ET Q q 0 0 0 rg BT 253.30 550.25 Td (than ) Tj ET Q q 0 0 0 rg BT 272.86 550.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 287.69 550.25 Td (indicates ) Tj ET Q q 0 0 0 rg BT 325.57 550.25 Td (that ) Tj ET Q q 0 0 0 rg BT 342.90 550.25 Td (property) Tj ET Q q 0 0 0 rg BT 379.55 550.25 Td (s ) Tj ET Q q 0 0 0 rg BT 385.78 550.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 429.77 550.25 Td (do ) Tj ET Q q 0 0 0 rg BT 442.11 550.25 Td (not ) Tj ET Q q 0 0 0 rg BT 457.22 550.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 493.42 550.25 Td (suf) Tj ET Q q 0 0 0 rg BT 505.46 550.25 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 538.25 Td (income ) Tj ET Q q 0 0 0 rg BT 113.87 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.09 538.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 150.74 538.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 171.40 538.25 Td (payments. ) Tj ET Q q 0 0 0 rg BT 215.66 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.85 538.25 Td (These ) Tj ET Q q 0 0 0 rg BT 246.17 538.25 Td (ratios ) Tj ET Q q 0 0 0 rg BT 271.83 538.25 Td (are ) Tj ET Q q 0 0 0 rg BT 287.47 538.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 320.90 538.25 Td (as ) Tj ET Q q 0 0 0 rg BT 332.67 538.25 Td (part ) Tj ET Q q 0 0 0 rg BT 351.66 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.43 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.09 538.25 Td (review ) Tj ET Q q 0 0 0 rg BT 409.73 538.25 Td (process ) Tj ET Q q 0 0 0 rg BT 443.16 538.25 Td (described ) Tj ET Q q 0 0 0 rg BT 484.92 538.25 Td (above. ) Tj ET Q q 0 0 0 rg BT 514.74 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 517.93 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 526.56 538.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 526.25 Td (normalize ) Tj ET Q q 0 0 0 rg BT 123.23 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 138.81 526.25 Td (DSC ) Tj ET Q q 0 0 0 rg BT 160.51 526.25 Td (ratios ) Tj ET Q q 0 0 0 rg BT 184.98 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.01 526.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.70 526.25 Td (25-year ) Tj ET Q q 0 0 0 rg BT 234.48 526.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 287.27 526.25 Td (period ) Tj ET Q q 0 0 0 rg BT 315.07 526.25 Td (for ) Tj ET Q q 0 0 0 rg BT 328.98 526.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 366.78 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.36 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 392.94 526.25 Td (general ) Tj ET Q q 0 0 0 rg BT 424.61 526.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 444.08 526.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 486.86 526.25 Td (evaluation.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 456.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 456.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 456.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 456.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 456.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 456.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 456.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 456.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 456.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 456.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 456.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 456.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 456.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 430.75 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 430.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 430.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 430.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 430.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 430.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 430.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 430.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 430.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 430.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 430.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 430.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 430.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 430.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 404.75 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 404.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 404.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 404.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 404.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 404.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 404.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 404.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 404.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 404.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 404.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 404.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 404.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 404.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 378.75 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 378.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 378.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 378.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 378.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 378.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 378.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 378.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 378.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 378.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 378.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 378.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 378.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 378.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 352.75 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 352.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 352.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 352.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 352.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 352.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 352.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 352.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 326.75 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 326.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 326.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 326.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 326.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 326.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 326.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 326.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 326.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 326.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 326.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 326.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 326.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 326.75 40.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 503.75 m 259.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 474.75 m 259.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 503.75 m 263.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 503.75 m 303.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 474.75 m 303.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 503.75 m 307.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 474.75 m 307.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 503.75 m 347.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 474.75 m 347.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 503.75 m 351.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 503.75 m 391.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 503.75 m 395.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 503.75 m 435.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 503.75 m 439.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 503.75 m 484.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 503.75 m 488.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 503.75 m 528.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 474.75 m 259.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 456.75 m 259.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 474.75 m 263.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 474.75 m 303.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 456.75 m 303.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 474.75 m 307.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 474.75 m 347.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 456.75 m 347.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 456.75 m 391.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 456.75 m 435.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 456.75 m 484.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 456.75 m 528.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 456.75 m 259.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 391.75 m 259.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 391.75 m 303.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 391.75 m 347.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 391.75 m 435.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 391.75 m 484.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 391.75 m 528.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 391.75 m 259.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 379.75 m 259.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 377.75 m 259.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 391.75 m 303.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 379.75 m 303.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 377.75 m 303.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 391.75 m 347.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 379.75 m 347.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 377.75 m 347.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 391.75 m 391.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 379.75 m 391.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 377.75 m 391.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 391.75 m 435.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 379.75 m 435.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 377.75 m 435.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 391.75 m 484.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 379.75 m 484.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 377.75 m 484.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 391.75 m 528.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 379.75 m 528.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 377.75 m 528.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 313.75 m 259.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 313.75 m 303.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 313.75 m 347.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 313.75 m 435.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 313.75 m 484.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 313.75 m 528.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 313.75 m 259.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 301.75 m 259.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 299.75 m 259.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 313.75 m 303.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 301.75 m 303.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 299.75 m 303.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 313.75 m 347.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 301.75 m 347.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 299.75 m 347.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 313.75 m 391.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 301.75 m 391.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 299.75 m 391.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 313.75 m 435.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 301.75 m 435.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 299.75 m 435.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 313.75 m 484.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 301.75 m 484.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 299.75 m 484.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 313.75 m 528.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 301.75 m 528.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 299.75 m 528.5 299.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.90 478.98 Td (Debt-Service Coverage Ratios) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.25 482.43 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.95 474.43 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.65 482.43 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.25 474.43 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.15 482.43 Td (Estimated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.65 474.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.65 482.43 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.25 474.43 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.70 460.98 Td (>1.25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.65 466.83 Td (1.00 -) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.00 458.88 Td (1.25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.40 460.98 Td (N/A\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.00 447.98 Td (September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 435.00 Td (LTV Ratios:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 422.00 Td (Less than 50%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 422.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.65 422.00 Td (158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.00 422.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.65 422.00 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.00 422.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.65 422.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.00 422.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.65 422.00 Td (177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.65 422.00 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 422.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 422.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.65 422.00 Td (181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.65 422.00 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 422.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 409.00 Td (50% to 60%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.65 409.00 Td (189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.65 409.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.65 409.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.65 409.00 Td (189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.65 409.00 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 409.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.65 409.00 Td (194) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.65 409.00 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 409.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 396.00 Td (60% to 75%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.65 396.00 Td (230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.65 396.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.65 396.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.65 396.00 Td (230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.65 396.00 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 396.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.65 396.00 Td (239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.65 396.00 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 396.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 383.00 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 383.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.65 383.00 Td (577) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.00 383.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.65 383.00 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.00 383.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.65 383.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.00 383.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.65 383.00 Td (596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.65 383.00 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 383.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 383.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.65 383.00 Td (614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.65 383.00 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 383.00 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.00 369.98 Td (September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 357.00 Td (LTV Ratios:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 344.00 Td (Less than 50%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 344.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.65 344.00 Td (115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.00 344.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.65 344.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.00 344.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.65 344.00 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.00 344.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.65 344.00 Td (126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.65 344.00 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 344.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 344.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.65 344.00 Td (125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.65 344.00 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 344.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 331.00 Td (50% to 60%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.65 331.00 Td (161) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.65 331.00 Td (20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.65 331.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.65 331.00 Td (181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.65 331.00 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 331.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.65 331.00 Td (180) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.65 331.00 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 331.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 318.00 Td (60% to 75%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.65 318.00 Td (185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.65 318.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.65 318.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.65 318.00 Td (185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.65 318.00 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 318.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.65 318.00 Td (185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.65 318.00 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 318.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 305.00 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 305.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.65 305.00 Td (461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.00 305.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.65 305.00 Td (20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.00 305.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.65 305.00 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.00 305.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.65 305.00 Td (492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.65 305.00 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 305.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 305.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.65 305.00 Td (490) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.65 305.00 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 305.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 288.65 Td (\(a\) N/A) Tj ET Q q 0 0 0 rg BT 105.21 288.65 Td ( - Current DSC ratio not available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 264.65 Td (As ) Tj ET Q q 0 0 0 rg BT 94.62 264.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.46 264.65 Td (September30, ) Tj ET Q q 0 0 0 rg BT 165.73 264.65 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.73 264.65 Td (, ) Tj ET Q q 0 0 0 rg BT 190.74 264.65 Td (our ) Tj ET Q q 0 0 0 rg BT 206.57 264.65 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 246.84 264.65 Td (loans ) Tj ET Q q 0 0 0 rg BT 270.46 264.65 Td (on ) Tj ET Q q 0 0 0 rg BT 282.97 264.65 Td (real ) Tj ET Q q 0 0 0 rg BT 300.46 264.65 Td (estate ) Tj ET Q q 0 0 0 rg BT 325.73 264.65 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 363.23 264.65 Td (had ) Tj ET Q q 0 0 0 rg BT 380.18 264.65 Td (a ) Tj ET Q q 0 0 0 rg BT 387.13 264.65 Td (weighted ) Tj ET Q q 0 0 0 rg BT 426.29 264.65 Td (average ) Tj ET Q q 0 0 0 rg BT 459.88 264.65 Td (DSC ) Tj ET Q q 0 0 0 rg BT 481.84 264.65 Td (ratio ) Tj ET Q q 0 0 0 rg BT 502.67 264.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.51 264.65 Td (2.14) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 252.65 Td (times, ) Tj ET Q q 0 0 0 rg BT 107.67 252.65 Td (and ) Tj ET Q q 0 0 0 rg BT 124.60 252.65 Td (a ) Tj ET Q q 0 0 0 rg BT 131.54 252.65 Td (weighted ) Tj ET Q q 0 0 0 rg BT 170.70 252.65 Td (average ) Tj ET Q q 0 0 0 rg BT 204.28 252.65 Td (L) Tj ET Q q 0 0 0 rg BT 209.47 252.65 Td (TV) Tj ET Q q 0 0 0 rg BT 222.62 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 225.12 252.65 Td (ratio ) Tj ET Q q 0 0 0 rg BT 245.95 252.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.78 252.65 Td (55%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.11 252.65 Td (. ) Tj ET Q q 0 0 0 rg BT 280.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 282.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 285.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 287.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 290.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 292.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 295.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 297.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 300.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 302.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 305.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 307.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 310.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 312.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 315.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 317.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 320.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 322.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 325.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 327.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 330.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 332.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 335.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 337.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 340.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 342.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 345.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 347.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 350.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 352.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 355.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 357.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 360.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 362.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 365.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 367.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 370.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 372.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 375.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 377.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 380.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 382.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 385.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 387.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 390.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 392.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 395.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 397.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 400.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 402.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 405.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 407.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 410.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 412.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 415.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 417.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 420.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 422.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 425.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 427.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 430.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 432.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 435.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 437.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 440.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 442.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 445.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 447.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 450.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 452.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 455.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 457.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 460.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 462.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 465.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 467.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 470.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 472.61 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 475.11 252.65 Td ( ) Tj ET Q q 0 0 0 rg BT 477.61 252.65 Td ( ) Tj ET Q endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (79) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Unr) Tj ET Q q 0 0 0 rg BT 98.04 742.25 Td (ealized ) Tj ET Q q 0 0 0 rg BT 129.97 742.25 Td (Losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 723.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.69 723.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 160.82 723.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 180.07 723.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.65 723.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 214.67 723.25 Td (value ) Tj ET Q q 0 0 0 rg BT 239.47 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.95 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.31 723.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 290.00 723.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 327.03 723.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 367.94 723.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.52 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.88 723.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 429.02 723.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 469.93 723.25 Td (that ) Tj ET Q q 0 0 0 rg BT 488.07 723.25 Td (were ) Tj ET Q q 0 0 0 rg BT 510.64 723.25 Td (in ) Tj ET Q q 0 0 0 rg BT 521.56 723.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 125.14 711.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 143.20 711.25 Td (position ) Tj ET Q q 0 0 0 rg BT 177.93 711.25 Td (as ) Tj ET Q q 0 0 0 rg BT 188.76 711.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.59 711.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 259.85 711.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.85 711.25 Td ( ) Tj ET Q q 0 0 0 rg BT 282.35 711.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.29 711.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.29 711.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.79 711.25 Td (were ) Tj ET Q q 0 0 0 rg BT 343.72 711.25 Td (as ) Tj ET Q q 0 0 0 rg BT 354.55 711.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 657.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 657.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 657.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 657.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 657.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 657.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 657.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 657.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 631.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 631.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 631.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 631.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 631.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 631.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 631.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 631.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 605.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 605.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 605.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 605.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 605.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 605.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 605.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 605.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 579.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 579.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 579.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 579.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 579.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 579.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 579.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 579.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 553.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 553.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 553.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 553.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 553.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 553.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 553.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 553.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 527.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 527.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 527.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 527.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 527.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 527.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 527.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 527.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 501.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 501.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 501.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 501.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 501.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 501.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 501.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 501.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 475.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 475.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 475.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 475.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 475.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 475.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 475.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 475.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 449.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 449.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 449.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 449.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 449.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 449.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 449.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 449.75 56.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 678.75 m 351.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 678.75 m 355.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 678.75 m 411.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 678.75 m 415.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 678.75 m 471.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 678.75 m 475.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 678.75 m 531.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 657.75 m 351.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 657.75 m 411.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 657.75 m 471.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 657.75 m 531.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 475.75 m 351.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 475.75 m 411.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 475.75 m 471.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 475.75 m 531.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 449.75 m 471.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 449.75 m 351.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 437.75 m 351.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 435.75 m 351.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 449.75 m 411.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 437.75 m 411.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 435.75 m 411.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 449.75 m 471.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 437.75 m 471.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 435.75 m 471.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 449.75 m 531.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 437.75 m 531.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 435.75 m 531.5 435.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.60 682.98 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.50 669.98 Td (Number of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.00 661.98 Td (securities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.75 669.98 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.20 661.98 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.40 669.98 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 661.98 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.15 661.98 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 649.00 Td (Fixed maturity securities, available for sale:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 636.00 Td ( United States Government full faith and credit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.00 636.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 636.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 636.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.00 636.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 636.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 636.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 636.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 623.00 Td ( United States Government sponsored agencies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 623.00 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 623.00 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 623.00 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 623.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 623.00 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 610.00 Td ( United States municipalities, states and territories) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 610.00 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 610.00 Td (111) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 610.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 610.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 610.00 Td (107) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 597.00 Td (Corporate securities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 584.00 Td ( Finance, insurance and real estate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 584.00 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 584.00 Td (349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.60 584.00 Td (\(16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 584.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 584.00 Td (333) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 571.00 Td ( Manufacturing, construction and mining) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 571.00 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 571.00 Td (224) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.60 571.00 Td (\(31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 571.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 571.00 Td (193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 558.00 Td ( Utilities, ener) Tj ET Q q 0 0 0 rg BT 147.40 558.00 Td (gy and related sectors) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 558.00 Td (72) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 558.00 Td (444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.60 558.00 Td (\(47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 558.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 558.00 Td (397) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 545.00 Td ( Wholesale/retail trade) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 545.00 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 545.00 Td (181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 545.00 Td (\(7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 545.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 545.00 Td (174) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 532.00 Td ( Services, media and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 532.00 Td (60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 532.00 Td (378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.60 532.00 Td (\(31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 532.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 532.00 Td (347) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 519.00 Td (Hybrid securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 519.00 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 519.00 Td (500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.60 519.00 Td (\(47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 519.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 519.00 Td (453) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 506.00 Td (Non-agency residential mortgage backed securities ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.00 506.00 Td (141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 506.00 Td (612) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.60 506.00 Td (\(27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 506.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 506.00 Td (585) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 493.00 Td (Commercial mortgage backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 493.00 Td (46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 493.00 Td (235) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 493.00 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 493.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 493.00 Td (226) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 480.00 Td (Asset backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.00 480.00 Td (211) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.30 480.00 Td (1,765) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.60 480.00 Td (\(45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 480.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 480.00 Td (1,720) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.00 466.98 Td (Total fixed maturity available for sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 467.00 Td (725) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.30 467.00 Td (4,829) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.60 467.00 Td (\(265) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 467.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 467.00 Td (4,564) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 454.00 Td (Equity securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 454.00 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 454.00 Td (130) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 454.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 454.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 454.00 Td (126) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.00 440.98 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 441.00 Td (736) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 441.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.30 441.00 Td (4,959) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.00 441.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.60 441.00 Td (\(269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 441.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 441.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 441.00 Td (4,690) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 380.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 380.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 380.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 380.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 380.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 380.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 380.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 380.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 354.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 354.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 354.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 354.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 354.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 354.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 354.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 354.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 328.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 328.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 328.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 328.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 328.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 328.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 328.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 328.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 302.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 302.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 302.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 302.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 302.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 302.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 302.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 302.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 276.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 276.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 276.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 276.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 276.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 276.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 276.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 276.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 250.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 250.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 250.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 250.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 250.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 250.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 250.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 250.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 224.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 224.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 224.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 224.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 224.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 224.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 224.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 224.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 198.75 214.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 198.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 198.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 198.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 198.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 198.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 198.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 198.75 56.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 401.75 m 350.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 401.75 m 354.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 401.75 m 410.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 401.75 m 414.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 401.75 m 470.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 401.75 m 474.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 401.75 m 530.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 380.75 m 350.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 380.75 m 410.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 380.75 m 470.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 380.75 m 530.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 211.75 m 350.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 211.75 m 410.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 211.75 m 470.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 211.75 m 530.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 185.75 m 350.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 185.75 m 410.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 185.75 m 470.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 185.75 m 350.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 173.75 m 350.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 171.75 m 350.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 185.75 m 410.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 173.75 m 410.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 171.75 m 410.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 185.75 m 470.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 173.75 m 470.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 171.75 m 470.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 185.75 m 530.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 173.75 m 530.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 171.75 m 530.5 171.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.60 405.98 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.50 392.98 Td (Number of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.00 384.98 Td (securities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.75 392.98 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.20 384.98 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.40 392.98 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.85 384.98 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.15 384.98 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 372.00 Td (Fixed maturity securities, available for sale:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 359.00 Td ( United States Government sponsored agencies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 359.00 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.00 359.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 359.00 Td (31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.00 359.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 359.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.00 359.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 359.00 Td (31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 346.00 Td ( United States municipalities, states and territories) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 346.00 Td (60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 346.00 Td (427) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 346.00 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 346.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 346.00 Td (412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 333.00 Td (Corporate securities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 320.00 Td ( Finance, insurance and real estate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.00 320.00 Td (129) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 320.00 Td (1,136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 320.00 Td (\(52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 320.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 320.00 Td (1,084) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 307.00 Td ( Manufacturing, construction and mining) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 307.00 Td (77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 307.00 Td (588) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.60 307.00 Td (\(105) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 307.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 307.00 Td (483) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 294.00 Td ( Utilities, ener) Tj ET Q q 0 0 0 rg BT 146.40 294.00 Td (gy and related sectors) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.00 294.00 Td (151) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 294.00 Td (997) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 294.00 Td (\(96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 294.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 294.00 Td (901) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 281.00 Td ( Wholesale/retail trade) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 281.00 Td (94) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 281.00 Td (399) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 281.00 Td (\(26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 281.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 281.00 Td (373) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 268.00 Td ( Services, media and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.00 268.00 Td (126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 268.00 Td (904) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 268.00 Td (\(75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 268.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 268.00 Td (829) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 255.00 Td (Hybrid securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 255.00 Td (46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 255.00 Td (672) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 255.00 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 255.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 255.00 Td (630) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 242.00 Td (Non-agency residential mortgage backed securities ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.00 242.00 Td (135) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 242.00 Td (712) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 242.00 Td (\(26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 242.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 242.00 Td (686) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 229.00 Td (Commercial mortgage backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 229.00 Td (50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 229.00 Td (405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 229.00 Td (\(10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 229.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 229.00 Td (395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 216.00 Td (Asset backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.00 216.00 Td (197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 216.00 Td (1,696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 216.00 Td (\(47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 216.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 216.00 Td (1,649) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 202.98 Td (Total fixed maturity available for sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.00 203.00 Td (1086) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 203.00 Td (7,967) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.60 203.00 Td (\(494) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 203.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 203.00 Td (7,473) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 190.00 Td (Equity securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 190.00 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 190.00 Td (147) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 190.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 190.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 190.00 Td (143) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 176.98 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.30 177.00 Td (1,108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.00 177.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 177.00 Td (8,114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.00 177.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.60 177.00 Td (\(498) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 177.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.00 177.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 177.00 Td (7,616) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 152.25 Td (The ) Tj ET Q q 0 0 0 rg BT 121.91 152.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 145.88 152.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 190.38 152.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 208.80 152.25 Td (position ) Tj ET Q q 0 0 0 rg BT 243.89 152.25 Td (on ) Tj ET Q q 0 0 0 rg BT 256.75 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.83 152.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 322.71 152.25 Td (-sale ) Tj ET Q q 0 0 0 rg BT 344.44 152.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 367.85 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.15 152.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 413.01 152.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 450.86 152.25 Td (as ) Tj ET Q q 0 0 0 rg BT 462.05 152.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.24 152.25 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 140.25 Td (, ) Tj ET Q q 0 0 0 rg BT 105.71 140.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.47 140.25 Td ($269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.47 140.25 Td (, ) Tj ET Q q 0 0 0 rg BT 148.18 140.25 Td (an ) Tj ET Q q 0 0 0 rg BT 159.83 140.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 215.37 140.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.91 140.25 Td ($229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.91 140.25 Td ( ) Tj ET Q q 0 0 0 rg BT 248.12 140.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.77 140.25 Td ($498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.77 140.25 Td ( ) Tj ET Q q 0 0 0 rg BT 291.98 140.25 Td (as ) Tj ET Q q 0 0 0 rg BT 302.52 140.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.06 140.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 373.03 140.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.03 140.25 Td (. ) Tj ET Q q 0 0 0 rg BT 397.75 140.25 Td (Most ) Tj ET Q q 0 0 0 rg BT 420.52 140.25 Td (components ) Tj ET Q q 0 0 0 rg BT 471.05 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.59 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.02 140.25 Td (portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 128.25 Td (showed ) Tj ET Q q 0 0 0 rg BT 114.85 128.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 171.48 128.25 Td (as ) Tj ET Q q 0 0 0 rg BT 183.11 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.63 128.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 251.92 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.55 128.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 289.62 128.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 322.36 128.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 347.04 128.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 388.67 128.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 437.52 128.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 464.70 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.44 128.25 Td (thus, ) Tj ET Q q 0 0 0 rg BT 504.91 128.25 Td (tighter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 116.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 105.54 116.25 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 139.80 116.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 187.12 116.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.67 116.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 223.99 116.25 Td (bond ) Tj ET Q q 0 0 0 rg BT 245.76 116.25 Td (prices. ) Tj ET Q q 0 0 0 rg BT 273.79 116.25 Td (The ) Tj ET Q q 0 0 0 rg BT 291.11 116.25 Td (total ) Tj ET Q q 0 0 0 rg BT 310.66 116.25 Td (book ) Tj ET Q q 0 0 0 rg BT 332.43 116.25 Td (value ) Tj ET Q q 0 0 0 rg BT 355.86 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.96 116.25 Td (all ) Tj ET Q q 0 0 0 rg BT 377.73 116.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 417.27 116.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.82 116.25 Td (an ) Tj ET Q q 0 0 0 rg BT 438.03 116.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 481.45 116.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 498.78 116.25 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 104.25 Td (was ) Tj ET Q q 0 0 0 rg BT 99.65 104.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 134.40 104.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.50 104.25 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.83 104.25 Td (, ) Tj ET Q q 0 0 0 rg BT 171.43 104.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.31 104.25 Td ($4,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.81 104.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.91 104.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.45 104.25 Td ($8,1) Tj ET Q q 0 0 0 rg BT 252.58 104.25 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.58 104.25 Td (, ) Tj ET Q q 0 0 0 rg BT 268.18 104.25 Td (with ) Tj ET Q q 0 0 0 rg BT 289.06 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.37 104.25 Td (average ) Tj ET Q q 0 0 0 rg BT 338.56 104.25 Td (market ) Tj ET Q q 0 0 0 rg BT 369.42 104.25 Td (value/book ) Tj ET Q q 0 0 0 rg BT 416.96 104.25 Td (value ) Tj ET Q q 0 0 0 rg BT 441.71 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.14 104.25 Td (this ) Tj ET Q q 0 0 0 rg BT 470.69 104.25 Td (group ) Tj ET Q q 0 0 0 rg BT 497.12 104.25 Td (showing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.25 Td (modest ) Tj ET Q q 0 0 0 rg BT 112.93 92.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 169.30 92.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.13 92.25 Td (95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.46 92.25 Td ( ) Tj ET Q q 0 0 0 rg BT 201.50 92.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.99 92.25 Td (94%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.32 92.25 Td (. ) Tj ET Q q 0 0 0 rg BT 247.87 92.25 Td (In ) Tj ET Q q 0 0 0 rg BT 259.24 92.25 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 303.65 92.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 344.45 92.25 Td (bonds ) Tj ET Q q 0 0 0 rg BT 371.39 92.25 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.52 92.25 Td (49%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.85 92.25 Td ( ) Tj ET Q q 0 0 0 rg BT 441.90 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.28 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.54 92.25 Td (total ) Tj ET Q q 0 0 0 rg BT 489.36 92.25 Td (unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 99.06 80.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 136.29 80.25 Td (down ) Tj ET Q q 0 0 0 rg BT 161.01 80.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.95 80.25 Td (71%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.28 80.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.78 80.25 Td (as ) Tj ET Q q 0 0 0 rg BT 214.61 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.44 80.25 Td (September ) Tj ET Q q 0 0 0 rg BT 270.70 80.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 285.70 80.25 Td (2015.) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (Our municipal bond exposure is a combination of general obligation bonds \(fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.63 742.10 Td ($336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.63 742.10 Td ( and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (amortized cost of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.92 730.10 Td ($292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.92 730.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.08 730.10 Td (September30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.34 730.10 Td (\) and special revenue bonds \(fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.60 730.10 Td ($1,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.10 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (amortized cost of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.92 718.10 Td ($1,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.42 718.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.58 718.10 Td (September30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.84 718.10 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 699.10 Td (Across all municipal bonds, the lar) Tj ET Q q 0 0 0 rg BT 242.73 699.10 Td (gest issuer represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.76 699.10 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.09 699.10 Td ( of the category) Tj ET Q q 0 0 0 rg BT 410.91 699.10 Td (, less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.12 699.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.45 699.10 Td ( of the entire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.10 Td (portfolio and is rated NAIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.03 687.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.03 687.10 Td (. Our focus within municipal bonds is on NAIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.80 687.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.80 687.10 Td ( rated instruments, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.38 687.10 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.71 687.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (our municipal bond exposure is rated NAIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.02 675.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.02 675.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 656.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.88 656.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 168.69 656.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 189.63 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.90 656.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 227.60 656.10 Td (value ) Tj ET Q q 0 0 0 rg BT 254.09 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.25 656.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 292.63 656.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 331.34 656.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 373.93 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.20 656.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 423.03 656.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 465.62 656.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 513.22 656.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 644.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 133.65 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.74 644.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 171.19 644.10 Td (Government-sponsored ) Tj ET Q q 0 0 0 rg BT 267.71 644.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 298.69 644.10 Td (securities\) ) Tj ET Q q 0 0 0 rg BT 342.44 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.88 644.10 Td (an ) Tj ET Q q 0 0 0 rg BT 364.98 644.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 409.28 644.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 427.50 644.10 Td (position ) Tj ET Q q 0 0 0 rg BT 462.39 644.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 492.80 644.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.68 644.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.67 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.11 632.10 Td (number ) Tj ET Q q 0 0 0 rg BT 144.89 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.44 632.10 Td (months ) Tj ET Q q 0 0 0 rg BT 187.12 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.13 632.10 Td (an ) Tj ET Q q 0 0 0 rg BT 208.79 632.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 252.66 632.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 270.45 632.10 Td (position ) Tj ET Q q 0 0 0 rg BT 304.91 632.10 Td (with ) Tj ET Q q 0 0 0 rg BT 324.91 632.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 347.69 632.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 383.80 632.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 429.91 632.10 Td (grade ) Tj ET Q q 0 0 0 rg BT 454.34 632.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 494.33 632.10 Td (\(NRSRO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 106.83 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.66 620.10 Td (BBB/Baa ) Tj ET Q q 0 0 0 rg BT 158.49 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 169.32 620.10 Td (higher\) ) Tj ET Q q 0 0 0 rg BT 200.70 620.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.53 620.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.36 620.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 282.62 620.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.62 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.12 620.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.06 620.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.06 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 347.06 620.10 Td (were ) Tj ET Q q 0 0 0 rg BT 368.99 620.10 Td (as ) Tj ET Q q 0 0 0 rg BT 379.82 620.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 563.60 88.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.50 563.60 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 563.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 563.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 563.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 563.60 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 563.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 563.60 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 563.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 563.60 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 563.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 563.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 563.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 563.60 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 563.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 563.60 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 539.60 88.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.50 539.60 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 539.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 539.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 539.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 539.60 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 539.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 539.60 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 539.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 539.60 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 539.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 539.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 539.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 539.60 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 539.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 539.60 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 495.60 88.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.50 495.60 39.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 495.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 495.60 45.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 495.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 495.60 39.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 495.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 495.60 44.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 495.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 495.60 39.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 495.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 495.60 45.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 495.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 495.60 39.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 495.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 495.60 44.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 465.60 88.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.50 465.60 39.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 465.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 465.60 45.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 465.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 465.60 39.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 465.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 465.60 44.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 465.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 465.60 39.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 465.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 465.60 45.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 465.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 465.60 39.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 465.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 465.60 44.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 433.60 88.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.50 433.60 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 433.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 433.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 433.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 433.60 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 433.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 433.60 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 433.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 433.60 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 433.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 433.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 433.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 433.60 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 433.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 433.60 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 389.60 88.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.50 389.60 39.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 389.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 389.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 389.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 389.60 39.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 389.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 389.60 44.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 389.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 389.60 39.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 389.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 389.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 389.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 389.60 39.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 389.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 389.60 44.00 -18.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 590.6 m 207.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 590.6 m 211.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 590.6 m 256.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 590.6 m 260.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 590.6 m 299.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 590.6 m 303.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 590.6 m 347.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 590.6 m 390.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 590.6 m 394.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 590.6 m 439.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 590.6 m 443.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 590.6 m 482.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 590.6 m 486.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 590.6 m 530.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 563.6 m 207.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 563.6 m 256.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 563.6 m 299.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 563.6 m 347.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 563.6 m 390.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 563.6 m 439.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 563.6 m 482.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 563.6 m 530.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 495.6 m 299.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 495.6 m 482.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 495.6 m 207.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 476.6 m 207.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 495.6 m 256.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 476.6 m 256.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 495.6 m 299.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 476.6 m 299.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 495.6 m 347.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 476.6 m 347.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 495.6 m 390.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 476.6 m 390.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 495.6 m 439.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 476.6 m 439.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 495.6 m 482.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 476.6 m 482.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 495.6 m 530.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 476.6 m 530.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 389.6 m 299.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 389.6 m 482.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 389.6 m 207.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 371.6 m 207.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 389.6 m 256.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 371.6 m 256.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 389.6 m 299.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 371.6 m 299.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 389.6 m 347.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 371.6 m 347.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 389.6 m 390.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 371.6 m 390.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 389.6 m 439.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 371.6 m 439.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 389.6 m 482.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 371.6 m 482.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 389.6 m 530.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 371.6 m 530.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 359.6 m 207.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 357.6 m 207.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 359.6 m 256.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 357.6 m 256.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 359.6 m 299.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 357.6 m 299.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 359.6 m 347.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 357.6 m 347.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 359.6 m 390.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 357.6 m 390.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 359.6 m 439.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 357.6 m 439.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 359.6 m 482.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 357.6 m 482.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 359.6 m 530.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 357.6 m 530.5 357.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.10 594.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.10 594.83 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.35 582.68 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.15 574.68 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.50 566.68 Td (securities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.25 575.83 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.70 567.83 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.20 575.83 Td (Fair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.85 567.83 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.05 582.68 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.40 574.68 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.85 566.68 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.35 582.68 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.15 574.68 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.50 566.68 Td (securities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.25 575.83 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.70 567.83 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.20 575.83 Td (Fair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.85 567.83 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.05 582.68 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.40 574.68 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.85 566.68 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 555.68 Td (Investment grade:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 543.55 Td (Less than six months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.25 543.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 543.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.30 543.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.00 543.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.25 543.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.00 543.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 543.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 543.55 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.00 543.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 543.55 Td (279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.00 543.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.25 543.55 Td (200) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 543.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 543.55 Td (\(79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 543.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 531.55 Td (Six months or more) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 523.55 Td (and less than twelve) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 515.60 Td (months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.25 518.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.30 518.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.25 518.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 518.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.30 518.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 518.85 Td (31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.25 518.85 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 518.85 Td (\(13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 518.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 506.55 Td (Twelve months or) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 498.55 Td (greater) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.30 499.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 499.85 Td (125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.25 499.85 Td (96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.60 499.85 Td (\(29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 499.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 499.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 499.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.25 499.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 499.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 487.55 Td (Total investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 479.55 Td (grade) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.30 480.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 480.85 Td (125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.25 480.85 Td (96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.60 480.85 Td (\(29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 480.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 480.85 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 480.85 Td (310) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.25 480.85 Td (218) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 480.85 Td (\(92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 480.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 457.68 Td (Below investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 449.68 Td (grade:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 437.85 Td (Less than six months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.25 437.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.30 437.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.25 437.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 437.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 437.85 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 437.85 Td (126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.25 437.85 Td (84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 437.85 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 437.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 425.55 Td (Six months or more) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 417.55 Td (and less than twelve) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 409.60 Td (months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.30 412.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.30 412.85 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 412.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.60 412.85 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 412.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 412.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 412.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.25 412.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 412.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 400.55 Td (Twelve months or) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 392.55 Td (greater) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.25 393.85 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 393.85 Td (142) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.25 393.85 Td (80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.60 393.85 Td (\(62) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 393.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.30 393.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 393.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.25 393.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 393.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 381.55 Td (Total below) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 373.60 Td (investment grade) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.25 375.85 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 375.85 Td (151) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.25 375.85 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.60 375.85 Td (\(64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 375.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 375.85 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 375.85 Td (126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.25 375.85 Td (84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 375.85 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 375.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 362.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.25 362.85 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 362.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 362.85 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.00 362.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.25 362.85 Td (183) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.00 362.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.60 362.85 Td (\(93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 362.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 362.85 Td (67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.00 362.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 362.85 Td (436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.00 362.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.25 362.85 Td (302) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 362.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 362.85 Td (\(134) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 362.85 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 340.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 106.83 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.71 340.10 Td (W) Tj ET Q q 0 0 0 rg BT 132.86 340.10 Td (atch ) Tj ET Q q 0 0 0 rg BT 153.14 340.10 Td (List ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 321.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 321.10 Td (e ) Tj ET Q q 0 0 0 rg BT 118.44 321.10 Td (have ) Tj ET Q q 0 0 0 rg BT 139.17 321.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.47 321.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 172.32 321.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.62 321.10 Td (process ) Tj ET Q q 0 0 0 rg BT 220.47 321.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.11 321.10 Td (place ) Tj ET Q q 0 0 0 rg BT 253.06 321.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.70 321.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 295.66 321.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 335.29 321.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.92 321.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.11 321.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 405.85 321.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 442.71 321.10 Td (each ) Tj ET Q q 0 0 0 rg BT 462.88 321.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 493.06 321.10 Td (for ) Tj ET Q q 0 0 0 rg BT 506.58 321.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 309.10 Td (we ) Tj ET Q q 0 0 0 rg BT 95.16 309.10 Td (should ) Tj ET Q q 0 0 0 rg BT 124.33 309.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 165.69 309.10 Td (impairments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 290.10 Td (At ) Tj ET Q q 0 0 0 rg BT 115.96 290.10 Td (each ) Tj ET Q q 0 0 0 rg BT 136.73 290.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 169.72 290.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 192.72 290.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 214.34 290.10 Td (we ) Tj ET Q q 0 0 0 rg BT 228.46 290.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 262.02 290.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 297.80 290.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 323.59 290.10 Td (which ) Tj ET Q q 0 0 0 rg BT 350.48 290.10 Td (have ) Tj ET Q q 0 0 0 rg BT 371.82 290.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 431.46 290.10 Td (that ) Tj ET Q q 0 0 0 rg BT 448.91 290.10 Td (create ) Tj ET Q q 0 0 0 rg BT 475.23 290.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 522.67 290.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.67 278.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.89 278.10 Td (future ) Tj ET Q q 0 0 0 rg BT 134.66 278.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 181.99 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.21 278.10 Td (an ) Tj ET Q q 0 0 0 rg BT 205.54 278.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 231.20 278.10 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 249.63 278.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 294.74 278.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 339.27 278.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 366.05 278.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 408.36 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.03 278.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 461.90 278.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 480.90 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.23 278.10 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.10 Td (trends\). ) Tj ET Q q 0 0 0 rg BT 113.34 266.10 Td (As ) Tj ET Q q 0 0 0 rg BT 127.12 266.10 Td (part ) Tj ET Q q 0 0 0 rg BT 145.33 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.33 266.10 Td (this ) Tj ET Q q 0 0 0 rg BT 173.44 266.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 223.04 266.10 Td (we ) Tj ET Q q 0 0 0 rg BT 237.36 266.10 Td (review ) Tj ET Q q 0 0 0 rg BT 267.23 266.10 Td (not ) Tj ET Q q 0 0 0 rg BT 282.68 266.10 Td (only ) Tj ET Q q 0 0 0 rg BT 303.12 266.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.22 266.10 Td (change ) Tj ET Q q 0 0 0 rg BT 341.20 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.64 266.10 Td (current ) Tj ET Q q 0 0 0 rg BT 382.62 266.10 Td (price ) Tj ET Q q 0 0 0 rg BT 405.27 266.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 437.91 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.35 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.23 266.10 Td (asset's ) Tj ET Q q 0 0 0 rg BT 491.03 266.10 Td (amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 102.88 254.10 Td (but ) Tj ET Q q 0 0 0 rg BT 118.93 254.10 Td (also ) Tj ET Q q 0 0 0 rg BT 138.32 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.81 254.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 177.51 254.10 Td () Tj ET Q q 0 0 0 rg BT 180.29 254.10 Td (s ) Tj ET Q q 0 0 0 rg BT 187.45 254.10 Td (current ) Tj ET Q q 0 0 0 rg BT 219.04 254.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 245.08 254.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 271.68 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.39 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.88 254.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 352.04 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.64 254.10 Td (full ) Tj ET Q q 0 0 0 rg BT 380.80 254.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 419.05 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.66 254.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 469.47 254.10 Td (based ) Tj ET Q q 0 0 0 rg BT 495.51 254.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 518.79 254.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 242.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 104.70 242.10 Td () Tj ET Q q 0 0 0 rg BT 107.48 242.10 Td (s ) Tj ET Q q 0 0 0 rg BT 113.38 242.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.37 242.10 Td (strength. ) Tj ET Q q 0 0 0 rg BT 187.10 242.10 Td (Specifically) Tj ET Q q 0 0 0 rg BT 234.21 242.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.72 242.10 Td (for ) Tj ET Q q 0 0 0 rg BT 252.39 242.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 292.16 242.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 320.56 242.10 Td (we ) Tj ET Q q 0 0 0 rg BT 334.23 242.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 369.55 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.78 242.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 420.77 242.10 Td (stability ) Tj ET Q q 0 0 0 rg BT 455.00 242.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.45 242.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 501.24 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.58 242.10 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 230.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 119.54 230.10 Td (for ) Tj ET Q q 0 0 0 rg BT 133.65 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.32 230.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 188.54 230.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 220.97 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.20 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.87 230.10 Td (term ) Tj ET Q q 0 0 0 rg BT 266.65 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.88 230.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 313.21 230.10 Td (for ) Tj ET Q q 0 0 0 rg BT 327.32 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.99 230.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 368.34 230.10 Td (we ) Tj ET Q q 0 0 0 rg BT 382.45 230.10 Td (own. ) Tj ET Q q 0 0 0 rg BT 404.63 230.10 Td (On ) Tj ET Q q 0 0 0 rg BT 419.30 230.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.19 230.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 464.74 230.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 489.69 230.10 Td (we ) Tj ET Q q 0 0 0 rg BT 503.80 230.10 Td (review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 218.10 Td (structured ) Tj ET Q q 0 0 0 rg BT 122.58 218.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 161.94 218.10 Td (for ) Tj ET Q q 0 0 0 rg BT 175.19 218.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 208.99 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.37 218.10 Td (default ) Tj ET Q q 0 0 0 rg BT 247.72 218.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 270.69 218.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 287.85 218.10 Td (severities ) Tj ET Q q 0 0 0 rg BT 327.21 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.24 218.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 380.37 218.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 399.73 218.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 423.55 218.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.80 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.61 218.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 483.87 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.79 218.10 Td (assessing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 206.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 119.14 206.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 145.06 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.65 206.10 Td (related ) Tj ET Q q 0 0 0 rg BT 193.00 206.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 218.91 206.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 245.95 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.88 206.10 Td (be ) Tj ET Q q 0 0 0 rg BT 269.47 206.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 316.48 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.41 206.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 374.02 206.10 Td (A) Tj ET Q q 0 0 0 rg BT 380.69 206.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.83 206.10 Td (security ) Tj ET Q q 0 0 0 rg BT 418.64 206.10 Td (which ) Tj ET Q q 0 0 0 rg BT 446.23 206.10 Td (has ) Tj ET Q q 0 0 0 rg BT 462.71 206.10 Td (a ) Tj ET Q q 0 0 0 rg BT 470.29 206.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 491.77 206.10 Td (or ) Tj ET Q q 0 0 0 rg BT 503.25 206.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 194.10 Td (change ) Tj ET Q q 0 0 0 rg BT 111.99 194.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.45 194.10 Td (market ) Tj ET Q q 0 0 0 rg BT 152.89 194.10 Td (price ) Tj ET Q q 0 0 0 rg BT 175.56 194.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 208.21 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.67 194.10 Td (its ) Tj ET Q q 0 0 0 rg BT 230.80 194.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 273.46 194.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 292.24 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.36 194.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.48 194.10 Td (possibility ) Tj ET Q q 0 0 0 rg BT 360.83 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.84 194.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.95 194.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 397.19 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.20 194.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 446.42 194.10 Td (will ) Tj ET Q q 0 0 0 rg BT 464.66 194.10 Td (be ) Tj ET Q q 0 0 0 rg BT 476.77 194.10 Td (included ) Tj ET Q q 0 0 0 rg BT 513.89 194.10 Td (on ) Tj ET Q q 0 0 0 rg BT 526.56 194.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 182.10 Td (list ) Tj ET Q q 0 0 0 rg BT 96.46 182.10 Td (which ) Tj ET Q q 0 0 0 rg BT 124.13 182.10 Td (is ) Tj ET Q q 0 0 0 rg BT 134.04 182.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 168.91 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.92 182.10 Td (as ) Tj ET Q q 0 0 0 rg BT 191.49 182.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.05 182.10 Td (watch ) Tj ET Q q 0 0 0 rg BT 235.17 182.10 Td (list. ) Tj ET Q q 0 0 0 rg BT 252.41 182.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 182.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 326.65 182.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.88 182.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.55 182.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.55 182.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.29 182.10 Td (our ) Tj ET Q q 0 0 0 rg BT 409.85 182.10 Td (watch ) Tj ET Q q 0 0 0 rg BT 436.97 182.10 Td (list ) Tj ET Q q 0 0 0 rg BT 452.43 182.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.10 182.10 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.10 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.33 182.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 182.10 Td (70) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 170.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 123.69 170.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 171.35 170.10 Td (, ) Tj ET Q q 0 0 0 rg BT 176.28 170.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.48 170.10 Td (an ) Tj ET Q q 0 0 0 rg BT 198.35 170.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 242.42 170.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 260.40 170.10 Td (position ) Tj ET Q q 0 0 0 rg BT 295.06 170.10 Td (with ) Tj ET Q q 0 0 0 rg BT 315.26 170.10 Td (an ) Tj ET Q q 0 0 0 rg BT 327.13 170.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 369.54 170.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 388.07 170.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.83 170.10 Td ($276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.83 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.25 170.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.12 170.10 Td ($436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.12 170.10 Td (, ) Tj ET Q q 0 0 0 rg BT 463.05 170.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 507.11 170.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.39 158.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.39 158.10 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.39 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.45 158.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.94 158.10 Td ($134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.94 158.10 Td (, ) Tj ET Q q 0 0 0 rg BT 153.50 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.00 158.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.49 158.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 195.43 158.10 Td (value ) Tj ET Q q 0 0 0 rg BT 220.14 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.53 158.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.53 158.10 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.53 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.59 158.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.09 158.10 Td ($302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.09 158.10 Td (, ) Tj ET Q q 0 0 0 rg BT 297.64 158.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 345.30 158.10 Td (. ) Tj ET Q q 0 0 0 rg BT 350.19 158.10 Td (As ) Tj ET Q q 0 0 0 rg BT 364.36 158.10 Td (part ) Tj ET Q q 0 0 0 rg BT 382.96 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.35 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.63 158.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 430.45 158.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 451.84 158.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 481.56 158.10 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 519.34 158.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 121.81 146.10 Td (each ) Tj ET Q q 0 0 0 rg BT 142.63 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.46 146.10 Td (these ) Tj ET Q q 0 0 0 rg BT 176.50 146.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 216.77 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.04 146.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 253.99 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.71 146.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 127.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 127.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 151.71 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.42 127.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 192.25 127.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.42 127.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 240.02 127.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 274.73 127.10 Td (its ) Tj ET Q q 0 0 0 rg BT 286.68 127.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 324.16 127.10 Td (obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 115.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 115.10 Td (its ) Tj ET Q q 0 0 0 rg BT 128.95 115.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 157.00 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.28 115.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 204.21 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.49 115.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 236.42 115.10 Td (these ) Tj ET Q q 0 0 0 rg BT 259.47 115.10 Td (obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 103.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 103.10 Td (its ) Tj ET Q q 0 0 0 rg BT 128.95 103.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 163.11 103.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 183.38 103.10 Td (available) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 91.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 91.10 Td (its ) Tj ET Q q 0 0 0 rg BT 128.95 91.10 Td (access ) Tj ET Q q 0 0 0 rg BT 156.99 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.26 91.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 209.75 91.10 Td (available ) Tj ET Q q 0 0 0 rg BT 248.34 91.10 Td (capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 79.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 79.10 Td (any ) Tj ET Q q 0 0 0 rg BT 133.94 79.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 168.65 79.10 Td (management ) Tj ET Q q 0 0 0 rg BT 222.23 79.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 253.06 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.78 79.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 293.61 79.10 Td (has ) Tj ET Q q 0 0 0 rg BT 309.44 79.10 Td (taken; ) Tj ET Q q 0 0 0 rg BT 336.37 79.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 67.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 67.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 151.71 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.42 67.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 192.25 67.10 Td (has ) Tj ET Q q 0 0 0 rg BT 208.08 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.80 67.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 250.85 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.79 67.10 Td (willingness ) Tj ET Q q 0 0 0 rg BT 315.85 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.13 67.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 342.51 67.10 Td (non-core ) Tj ET Q q 0 0 0 rg BT 380.55 67.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 406.38 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.66 67.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 453.02 67.10 Td (liquidity) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 130.41 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 142.88 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.67 742.10 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 195.86 742.10 Td (these ) Tj ET Q q 0 0 0 rg BT 218.87 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 259.11 742.10 Td (demonstrated ) Tj ET Q q 0 0 0 rg BT 315.45 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.91 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.59 742.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 407.83 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.83 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.29 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.20 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.20 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.67 742.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 505.45 742.10 Td (values ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (were ) Tj ET Q q 0 0 0 rg BT 102.93 730.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 124.32 730.10 Td (recoverable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 711.10 Td (There ) Tj ET Q q 0 0 0 rg BT 129.83 711.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.27 711.10 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.27 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.29 711.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.74 711.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.74 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.75 711.10 Td (structured ) Tj ET Q q 0 0 0 rg BT 228.75 711.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 269.53 711.10 Td (with ) Tj ET Q q 0 0 0 rg BT 290.32 711.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.78 711.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 314.67 711.10 Td (value ) Tj ET Q q 0 0 0 rg BT 339.34 711.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.68 711.10 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.68 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.69 711.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 711.10 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 711.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.66 711.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 444.32 711.10 Td (, ) Tj ET Q q 0 0 0 rg BT 449.84 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.85 711.10 Td (on ) Tj ET Q q 0 0 0 rg BT 465.87 711.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.10 711.10 Td (watch ) Tj ET Q q 0 0 0 rg BT 507.99 711.10 Td (list ) Tj ET Q q 0 0 0 rg BT 523.23 711.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.10 Td (which ) Tj ET Q q 0 0 0 rg BT 109.04 699.10 Td (we ) Tj ET Q q 0 0 0 rg BT 124.30 699.10 Td (had ) Tj ET Q q 0 0 0 rg BT 142.34 699.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 180.93 699.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 207.30 699.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 247.00 699.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.93 699.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.86 699.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 332.22 699.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.22 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.82 699.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.86 699.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.86 699.10 Td (. ) Tj ET Q q 0 0 0 rg BT 399.96 699.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 419.12 699.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 454.94 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.87 699.10 Td (these ) Tj ET Q q 0 0 0 rg BT 491.01 699.10 Td (structured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 123.85 687.10 Td (which ) Tj ET Q q 0 0 0 rg BT 150.88 687.10 Td (included ) Tj ET Q q 0 0 0 rg BT 187.90 687.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 208.26 687.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 229.17 687.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 258.43 687.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 289.62 687.10 Td (demonstrated ) Tj ET Q q 0 0 0 rg BT 346.08 687.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.89 687.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 421.24 687.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.24 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.83 687.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.85 687.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.85 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.44 687.10 Td (values ) Tj ET Q q 0 0 0 rg BT 511.58 687.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 103.05 675.10 Td (recoverable.The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.89 675.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 231.82 675.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.82 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.98 675.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 272.02 675.10 Td (value ) Tj ET Q q 0 0 0 rg BT 296.84 675.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.33 675.10 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.33 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.50 675.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 357.98 675.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 383.92 675.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.41 675.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.41 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.57 675.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 433.39 675.10 Td (on ) Tj ET Q q 0 0 0 rg BT 446.55 675.10 Td (one ) Tj ET Q q 0 0 0 rg BT 464.15 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.65 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.03 675.10 Td (structured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 121.26 663.10 Td (with ) Tj ET Q q 0 0 0 rg BT 141.54 663.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.48 663.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 164.86 663.10 Td (value ) Tj ET Q q 0 0 0 rg BT 189.01 663.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.84 663.10 Td ($5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.84 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.34 663.10 Td (due ) Tj ET Q q 0 0 0 rg BT 229.28 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.56 663.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.50 663.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 287.86 663.10 Td (break ) Tj ET Q q 0 0 0 rg BT 312.57 663.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.85 663.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 343.11 663.10 Td (flows.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 642.10 Td (Exposure ) Tj ET Q q 0 0 0 rg BT 122.95 642.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.23 642.10 Td (Sovereign ) Tj ET Q q 0 0 0 rg BT 176.84 642.10 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 623.10 Td (Our investment portfoliohad ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.37 623.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.37 623.10 Td ( direct exposure to European sovereign debt as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.58 623.10 Td (September30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.84 623.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 611.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 611.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 592.10 Td (As ) Tj ET Q q 0 0 0 rg BT 116.81 592.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.33 592.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 187.28 592.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.28 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.48 592.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.11 592.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 286.06 592.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.06 592.10 Td (, ) Tj ET Q q 0 0 0 rg BT 310.76 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.17 592.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.24 592.10 Td (also ) Tj ET Q q 0 0 0 rg BT 384.54 592.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.18 592.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.18 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.37 592.10 Td (material ) Tj ET Q q 0 0 0 rg BT 448.32 592.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 486.61 592.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 503.80 592.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 580.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.76 580.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 179.03 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.31 580.10 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 217.92 580.10 Td (Rico.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 556.10 Td (A) Tj ET Q q 0 0 0 rg BT 86.93 556.10 Td (vailable-For-Sale Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 537.10 Td (For ) Tj ET Q q 0 0 0 rg BT 119.25 537.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 161.09 537.10 Td (information ) Tj ET Q q 0 0 0 rg BT 210.16 537.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 250.33 537.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.11 537.10 Td (AFS ) Tj ET Q q 0 0 0 rg BT 285.31 537.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 327.43 537.10 Td (including ) Tj ET Q q 0 0 0 rg BT 367.06 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.13 537.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 422.96 537.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 443.43 537.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 466.40 537.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 509.89 537.10 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 525.10 Td (\(losses\), ) Tj ET Q q 0 0 0 rg BT 115.66 525.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.71 525.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 147.20 525.10 Td (value ) Tj ET Q q 0 0 0 rg BT 170.47 525.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.05 525.10 Td (AFS ) Tj ET Q q 0 0 0 rg BT 200.01 525.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 239.38 525.10 Td (as ) Tj ET Q q 0 0 0 rg BT 249.33 525.10 Td (well ) Tj ET Q q 0 0 0 rg BT 268.15 525.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.10 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.92 525.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 333.52 525.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 351.24 525.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.29 525.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 382.77 525.10 Td (value ) Tj ET Q q 0 0 0 rg BT 406.04 525.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.98 525.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 438.14 525.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 473.28 525.10 Td (AFS ) Tj ET Q q 0 0 0 rg BT 493.23 525.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 513.10 Td (by ) Tj ET Q q 0 0 0 rg BT 93.85 513.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 141.13 513.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 183.97 513.10 Td (as ) Tj ET Q q 0 0 0 rg BT 195.15 513.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.33 513.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 266.95 513.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.95 513.10 Td (, ) Tj ET Q q 0 0 0 rg BT 292.30 513.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 314.02 513.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.66 513.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 351.03 513.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 361.38 513.10 Td (Investments", ) Tj ET Q q 0 0 0 rg BT 419.14 513.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.77 513.10 Td (our ) Tj ET Q q 0 0 0 rg BT 445.96 513.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.24 513.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 501.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 120.71 501.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.59 501.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 480.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 97.94 480.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 146.00 480.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 179.60 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.67 480.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 214.60 480.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 262.66 480.10 Td (Gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 461.10 Td (For ) Tj ET Q q 0 0 0 rg BT 119.60 461.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 163.47 461.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 203.99 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 219.52 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 233.94 461.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 280.03 461.10 Td (income ) Tj ET Q q 0 0 0 rg BT 311.66 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.31 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 342.73 461.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 388.81 461.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 412.12 461.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 433.20 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.18 461.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 468.90 461.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 478.60 461.10 Td (Investments" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.11 449.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.04 449.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 194.32 449.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 234.03 449.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.91 449.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 428.10 Td (Concentrations ) Tj ET Q q 0 0 0 rg BT 146.85 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.68 428.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 200.75 428.10 Td (Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 409.10 Td (For ) Tj ET Q q 0 0 0 rg BT 121.47 409.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 147.77 409.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 190.16 409.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.58 409.10 Td (concentration ) Tj ET Q q 0 0 0 rg BT 266.08 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.49 409.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.55 409.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 368.30 409.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 391.24 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.10 409.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 430.71 409.10 Td (3. ) Tj ET Q q 0 0 0 rg BT 442.29 409.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 490.25 409.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 516.56 409.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 397.10 Td (Uncertainties" ) Tj ET Q q 0 0 0 rg BT 140.89 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.17 397.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.00 397.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.93 397.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 254.21 397.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 293.92 397.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.80 397.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 376.10 Td (Derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 357.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 357.10 Td (e ) Tj ET Q q 0 0 0 rg BT 118.16 357.10 Td (are ) Tj ET Q q 0 0 0 rg BT 131.96 357.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 166.31 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.67 357.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 200.02 357.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 217.17 357.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.54 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.34 357.10 Td (event ) Tj ET Q q 0 0 0 rg BT 263.58 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.50 357.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 340.60 357.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.19 357.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.11 357.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 425.33 357.10 Td (on ) Tj ET Q q 0 0 0 rg BT 436.92 357.10 Td (call ) Tj ET Q q 0 0 0 rg BT 452.94 357.10 Td (options. ) Tj ET Q q 0 0 0 rg BT 486.36 357.10 Td (W) Tj ET Q q 0 0 0 rg BT 494.99 357.10 Td (e ) Tj ET Q q 0 0 0 rg BT 501.02 357.10 Td (attempt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 345.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 345.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 120.42 345.10 Td (this ) Tj ET Q q 0 0 0 rg BT 137.37 345.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 162.64 345.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 180.14 345.10 Td (by ) Tj ET Q q 0 0 0 rg BT 192.64 345.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 239.01 345.10 Td (such ) Tj ET Q q 0 0 0 rg BT 259.84 345.10 Td (options ) Tj ET Q q 0 0 0 rg BT 291.79 345.10 Td (from ) Tj ET Q q 0 0 0 rg BT 313.73 345.10 Td (lar) Tj ET Q q 0 0 0 rg BT 324.10 345.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 338.53 345.10 Td (well-established ) Tj ET Q q 0 0 0 rg BT 406.01 345.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 443.50 345.10 Td (institutions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 326.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 326.10 Td (e ) Tj ET Q q 0 0 0 rg BT 118.46 326.10 Td (also ) Tj ET Q q 0 0 0 rg BT 136.46 326.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 156.12 326.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 175.78 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.11 326.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 211.76 326.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 259.19 326.10 Td (received ) Tj ET Q q 0 0 0 rg BT 294.94 326.10 Td (from ) Tj ET Q q 0 0 0 rg BT 316.27 326.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 374.79 326.10 Td (for ) Tj ET Q q 0 0 0 rg BT 388.34 326.10 Td (call ) Tj ET Q q 0 0 0 rg BT 404.66 326.10 Td (option ) Tj ET Q q 0 0 0 rg BT 432.11 326.10 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 473.69 326.10 Td (as ) Tj ET Q q 0 0 0 rg BT 483.91 326.10 Td (well ) Tj ET Q q 0 0 0 rg BT 503.01 326.10 Td (as ) Tj ET Q q 0 0 0 rg BT 513.23 326.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 314.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 132.90 314.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 172.58 314.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 206.15 314.10 Td (as ) Tj ET Q q 0 0 0 rg BT 216.40 314.10 Td (call ) Tj ET Q q 0 0 0 rg BT 232.75 314.10 Td (option ) Tj ET Q q 0 0 0 rg BT 260.22 314.10 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 301.83 314.10 Td (if ) Tj ET Q q 0 0 0 rg BT 309.85 314.10 Td (our ) Tj ET Q q 0 0 0 rg BT 325.10 314.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 378.41 314.10 Td (s ) Tj ET Q q 0 0 0 rg BT 384.22 314.10 Td (net ) Tj ET Q q 0 0 0 rg BT 398.35 314.10 Td (exposures ) Tj ET Q q 0 0 0 rg BT 440.26 314.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 469.93 314.10 Td (pre-determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 302.10 Td (thresholds. ) Tj ET Q q 0 0 0 rg BT 127.24 302.10 Td (See ) Tj ET Q q 0 0 0 rg BT 144.30 302.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 170.45 302.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 180.58 302.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 225.40 302.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 265.24 302.10 Td (Instruments" ) Tj ET Q q 0 0 0 rg BT 319.17 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.57 302.10 Td (our ) Tj ET Q q 0 0 0 rg BT 345.53 302.10 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.59 302.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 432.99 302.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 472.83 302.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.71 302.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.34 302.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 290.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 123.49 290.10 Td (information ) Tj ET Q q 0 0 0 rg BT 173.20 290.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 214.02 290.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.85 290.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 276.22 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.16 290.10 Td (our ) Tj ET Q q 0 0 0 rg BT 308.99 290.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 347.59 290.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.87 290.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 383.13 290.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 401.19 290.10 Td (on ) Tj ET Q q 0 0 0 rg BT 413.69 290.10 Td (call ) Tj ET Q q 0 0 0 rg BT 430.62 290.10 Td (options. ) Tj ET Q endstream endobj 165 0 obj <>] /Rotate 0 /Contents 166 0 R>> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 123.52 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.14 742.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 176.31 742.25 Td (Resour) Tj ET Q q 0 0 0 rg BT 206.68 742.25 Td (ces ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 712.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 120.72 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.78 712.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 162.41 712.25 Td (Flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 688.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 157.78 688.25 Td (refers ) Tj ET Q q 0 0 0 rg BT 184.09 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.43 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.20 688.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 240.31 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.20 688.25 Td (an ) Tj ET Q q 0 0 0 rg BT 265.20 688.25 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 308.18 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.51 688.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 356.93 688.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 396.02 688.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 433.46 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.35 688.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 466.68 688.25 Td (from ) Tj ET Q q 0 0 0 rg BT 489.67 688.25 Td (its ) Tj ET Q q 0 0 0 rg BT 502.68 688.25 Td (normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 676.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 125.67 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.46 676.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 158.91 676.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 179.70 676.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 234.91 676.25 Td (with ) Tj ET Q q 0 0 0 rg BT 255.71 676.25 Td (a ) Tj ET Q q 0 0 0 rg BT 263.16 676.25 Td (prudent ) Tj ET Q q 0 0 0 rg BT 296.72 676.25 Td (mar) Tj ET Q q 0 0 0 rg BT 312.09 676.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 327.88 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.23 676.25 Td (safety) Tj ET Q q 0 0 0 rg BT 362.46 676.25 Td (. ) Tj ET Q q 0 0 0 rg BT 367.97 676.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 386.54 676.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 425.09 676.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 458.10 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.44 676.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 490.23 676.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 511.57 676.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 664.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 120.11 664.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 157.55 664.25 Td (are ) Tj ET Q q 0 0 0 rg BT 171.10 664.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 210.76 664.25 Td (premiums, ) Tj ET Q q 0 0 0 rg BT 254.59 664.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 272.04 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.82 664.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 333.04 664.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 366.32 664.25 Td (while ) Tj ET Q q 0 0 0 rg BT 389.88 664.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 421.21 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.88 664.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 449.99 664.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 473.56 664.25 Td (from ) Tj ET Q q 0 0 0 rg BT 494.34 664.25 Td (investing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 652.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 119.75 652.25 Td (result ) Tj ET Q q 0 0 0 rg BT 144.61 652.25 Td (from ) Tj ET Q q 0 0 0 rg BT 166.69 652.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 209.33 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.42 652.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 248.50 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.48 652.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 295.45 652.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 323.92 652.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 342.12 652.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 382.53 652.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 421.28 652.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 459.47 652.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 479.89 652.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.86 652.25 Td ($365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.86 652.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.01 652.25 Td ($35) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 640.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.18 640.25 Td ($174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.18 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.92 640.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.44 640.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.44 640.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.68 640.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.68 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.43 640.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.61 640.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.61 640.25 Td (, ) Tj ET Q q 0 0 0 rg BT 221.85 640.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 269.51 640.25 Td (. ) Tj ET Q q 0 0 0 rg BT 274.55 640.25 Td (When ) Tj ET Q q 0 0 0 rg BT 301.17 640.25 Td (considering ) Tj ET Q q 0 0 0 rg BT 350.57 640.25 Td (our ) Tj ET Q q 0 0 0 rg BT 366.64 640.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 403.27 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.45 640.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 440.96 640.25 Td (flow) Tj ET Q q 0 0 0 rg BT 458.64 640.25 Td (, ) Tj ET Q q 0 0 0 rg BT 463.89 640.25 Td (it ) Tj ET Q q 0 0 0 rg BT 472.18 640.25 Td (is ) Tj ET Q q 0 0 0 rg BT 481.60 640.25 Td (important ) Tj ET Q q 0 0 0 rg BT 523.22 640.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 628.25 Td (distinguish ) Tj ET Q q 0 0 0 rg BT 128.15 628.25 Td (between ) Tj ET Q q 0 0 0 rg BT 164.73 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.20 628.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 206.22 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.81 628.25 Td (our ) Tj ET Q q 0 0 0 rg BT 234.40 628.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 275.97 628.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 326.44 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.14 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.61 628.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 385.64 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.23 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.70 628.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 446.51 628.25 Td (company) Tj ET Q q 0 0 0 rg BT 482.52 628.25 Td (, ) Tj ET Q q 0 0 0 rg BT 488.28 628.25 Td (FGL. ) Tj ET Q q 0 0 0 rg BT 512.21 628.25 Td (As ) Tj ET Q q 0 0 0 rg BT 526.58 628.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 616.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 113.63 616.25 Td (company ) Tj ET Q q 0 0 0 rg BT 152.35 616.25 Td (with ) Tj ET Q q 0 0 0 rg BT 172.20 616.25 Td (no ) Tj ET Q q 0 0 0 rg BT 184.27 616.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 227.99 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.39 616.25 Td (its ) Tj ET Q q 0 0 0 rg BT 249.91 616.25 Td (own, ) Tj ET Q q 0 0 0 rg BT 271.70 616.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 290.22 616.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.29 616.25 Td (derives ) Tj ET Q q 0 0 0 rg BT 323.24 616.25 Td (its ) Tj ET Q q 0 0 0 rg BT 334.75 616.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 354.59 616.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 393.87 616.25 Td (from ) Tj ET Q q 0 0 0 rg BT 415.38 616.25 Td (its ) Tj ET Q q 0 0 0 rg BT 426.90 616.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 467.28 616.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 516.57 616.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 604.25 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 111.23 604.25 Td (a ) Tj ET Q q 0 0 0 rg BT 117.29 604.25 Td (downstream ) Tj ET Q q 0 0 0 rg BT 167.79 604.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 199.97 604.25 Td (company ) Tj ET Q q 0 0 0 rg BT 238.24 604.25 Td (that ) Tj ET Q q 0 0 0 rg BT 254.86 604.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 290.92 604.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 332.53 604.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 364.14 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.09 604.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 407.33 604.25 Td (. ) Tj ET Q q 0 0 0 rg BT 413.95 604.25 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 456.68 604.25 Td (from ) Tj ET Q q 0 0 0 rg BT 477.74 604.25 Td (our ) Tj ET Q q 0 0 0 rg BT 492.69 604.25 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 592.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 130.72 592.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 151.55 592.25 Td (through ) Tj ET Q q 0 0 0 rg BT 185.16 592.25 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 213.77 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.05 592.25 Td (FGL.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 568.25 Td (The ) Tj ET Q q 0 0 0 rg BT 134.33 568.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 166.10 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.21 568.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 211.88 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.00 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.99 568.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 268.33 568.25 Td (company ) Tj ET Q q 0 0 0 rg BT 306.77 568.25 Td (are ) Tj ET Q q 0 0 0 rg BT 320.76 568.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 365.86 568.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 409.29 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.41 568.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 460.07 568.25 Td (from ) Tj ET Q q 0 0 0 rg BT 481.29 568.25 Td (subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 556.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 104.43 556.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 127.31 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.64 556.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 166.40 556.25 Td (\(at ) Tj ET Q q 0 0 0 rg BT 180.94 556.25 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 211.04 556.25 Td (level\) ) Tj ET Q q 0 0 0 rg BT 237.80 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.23 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.45 556.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 301.99 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.76 556.25 Td (raise ) Tj ET Q q 0 0 0 rg BT 336.63 556.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 380.06 556.25 Td (public ) Tj ET Q q 0 0 0 rg BT 409.05 556.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 450.81 556.25 Td (under ) Tj ET Q q 0 0 0 rg BT 477.57 556.25 Td (an ) Tj ET Q q 0 0 0 rg BT 491.00 556.25 Td (SEC-filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 544.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 128.97 544.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 169.71 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 180.46 544.25 Td (private ) Tj ET Q q 0 0 0 rg BT 210.65 544.25 Td (placement ) Tj ET Q q 0 0 0 rg BT 254.16 544.25 Td (of) Tj ET Q q 0 0 0 rg BT 262.31 544.25 Td (fering. ) Tj ET Q q 0 0 0 rg BT 290.94 544.25 Td (These ) Tj ET Q q 0 0 0 rg BT 317.24 544.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 349.65 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.40 544.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 396.72 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.58 544.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 433.77 544.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 454.53 544.25 Td (support ) Tj ET Q q 0 0 0 rg BT 486.95 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.59 544.25 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 532.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 120.90 532.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 145.81 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.28 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.64 532.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 203.34 532.25 Td (company) Tj ET Q q 0 0 0 rg BT 239.35 532.25 Td (, ) Tj ET Q q 0 0 0 rg BT 243.99 532.25 Td (including ) Tj ET Q q 0 0 0 rg BT 283.91 532.25 Td (its ) Tj ET Q q 0 0 0 rg BT 295.50 532.25 Td (common ) Tj ET Q q 0 0 0 rg BT 332.64 532.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 355.89 532.25 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 399.42 532.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 431.00 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.58 532.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 466.94 532.25 Td (service, ) Tj ET Q q 0 0 0 rg BT 499.90 532.25 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 520.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 131.27 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.21 520.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 194.59 520.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.87 520.25 Td (core ) Tj ET Q q 0 0 0 rg BT 224.58 520.25 Td (businesses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 496.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 496.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 135.79 496.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 156.79 496.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 182.24 496.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 226.57 496.25 Td (with ) Tj ET Q q 0 0 0 rg BT 247.58 496.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 288.01 496.25 Td (received ) Tj ET Q q 0 0 0 rg BT 325.11 496.25 Td (from ) Tj ET Q q 0 0 0 rg BT 347.78 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.46 496.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 394.80 496.25 Td (with ) Tj ET Q q 0 0 0 rg BT 415.81 496.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 475.68 496.25 Td (change ) Tj ET Q q 0 0 0 rg BT 507.23 496.25 Td (as ) Tj ET Q q 0 0 0 rg BT 518.80 496.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 484.25 Td (market ) Tj ET Q q 0 0 0 rg BT 110.30 484.25 Td (value ) Tj ET Q q 0 0 0 rg BT 133.49 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.35 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.10 484.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 201.96 484.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 243.48 484.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 277.22 484.25 Td (changes. ) Tj ET Q q 0 0 0 rg BT 313.12 484.25 Td (As ) Tj ET Q q 0 0 0 rg BT 325.77 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.52 484.25 Td (value ) Tj ET Q q 0 0 0 rg BT 362.71 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.57 484.25 Td (a ) Tj ET Q q 0 0 0 rg BT 378.55 484.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 420.06 484.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 441.03 484.25 Td (declines ) Tj ET Q q 0 0 0 rg BT 475.33 484.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 488.53 484.25 Td (increases\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.39 472.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 136.75 472.25 Td (required ) Tj ET Q q 0 0 0 rg BT 173.24 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.19 472.25 Td (be ) Tj ET Q q 0 0 0 rg BT 196.80 472.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 226.08 472.25 Td (by ) Tj ET Q q 0 0 0 rg BT 239.25 472.25 Td (our ) Tj ET Q q 0 0 0 rg BT 255.75 472.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 315.56 472.25 Td (would ) Tj ET Q q 0 0 0 rg BT 343.73 472.25 Td (also ) Tj ET Q q 0 0 0 rg BT 363.01 472.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 395.05 472.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 409.88 472.25 Td (increase\). ) Tj ET Q q 0 0 0 rg BT 451.64 472.25 Td (Likewise, ) Tj ET Q q 0 0 0 rg BT 493.96 472.25 Td (when ) Tj ET Q q 0 0 0 rg BT 518.79 472.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 460.25 Td (value ) Tj ET Q q 0 0 0 rg BT 105.53 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.73 460.25 Td (a ) Tj ET Q q 0 0 0 rg BT 124.04 460.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 166.89 460.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 200.87 460.25 Td (declines ) Tj ET Q q 0 0 0 rg BT 236.50 460.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 251.03 460.25 Td (increases\), ) Tj ET Q q 0 0 0 rg BT 296.38 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.47 460.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 351.54 460.25 Td (we ) Tj ET Q q 0 0 0 rg BT 366.07 460.25 Td (are ) Tj ET Q q 0 0 0 rg BT 381.15 460.25 Td (required ) Tj ET Q q 0 0 0 rg BT 417.33 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.98 460.25 Td (post ) Tj ET Q q 0 0 0 rg BT 447.52 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.17 460.25 Td (our ) Tj ET Q q 0 0 0 rg BT 474.37 460.25 Td (counterparties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 448.25 Td (would ) Tj ET Q q 0 0 0 rg BT 108.50 448.25 Td (also ) Tj ET Q q 0 0 0 rg BT 127.11 448.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 158.48 448.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 172.64 448.25 Td (increase\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 421.85 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 128.51 421.85 Td (of ) Tj ET Q q 0 0 0 rg BT 139.34 421.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 195.74 421.85 Td (Cash ) Tj ET Q q 0 0 0 rg BT 219.36 421.85 Td (Flows) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.37 421.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 402.85 Td (Presented ) Tj ET Q q 0 0 0 rg BT 144.71 402.85 Td (below ) Tj ET Q q 0 0 0 rg BT 171.48 402.85 Td (is ) Tj ET Q q 0 0 0 rg BT 180.48 402.85 Td (a ) Tj ET Q q 0 0 0 rg BT 187.25 402.85 Td (table ) Tj ET Q q 0 0 0 rg BT 209.02 402.85 Td (that ) Tj ET Q q 0 0 0 rg BT 226.34 402.85 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 276.44 402.85 Td (the ) Tj ET Q q 0 0 0 rg BT 290.99 402.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 311.09 402.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 348.96 402.85 Td (or ) Tj ET Q q 0 0 0 rg BT 359.63 402.85 Td (used ) Tj ET Q q 0 0 0 rg BT 380.29 402.85 Td (in ) Tj ET Q q 0 0 0 rg BT 390.40 402.85 Td (our ) Tj ET Q q 0 0 0 rg BT 406.06 402.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 444.49 402.85 Td (and ) Tj ET Q q 0 0 0 rg BT 461.26 402.85 Td (the ) Tj ET Q q 0 0 0 rg BT 475.81 402.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 508.13 402.85 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 402.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 390.85 Td (respective ) Tj ET Q q 0 0 0 rg BT 123.70 390.85 Td (increases ) Tj ET Q q 0 0 0 rg BT 162.50 390.85 Td (or ) Tj ET Q q 0 0 0 rg BT 173.00 390.85 Td (decreases ) Tj ET Q q 0 0 0 rg BT 213.47 390.85 Td (in ) Tj ET Q q 0 0 0 rg BT 223.41 390.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.34 390.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 281.05 390.85 Td (or ) Tj ET Q q 0 0 0 rg BT 291.54 390.85 Td (used ) Tj ET Q q 0 0 0 rg BT 312.04 390.85 Td (from ) Tj ET Q q 0 0 0 rg BT 333.64 390.85 Td (those ) Tj ET Q q 0 0 0 rg BT 356.91 390.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 395.17 390.85 Td (between ) Tj ET Q q 0 0 0 rg BT 430.65 390.85 Td (the ) Tj ET Q q 0 0 0 rg BT 445.03 390.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 468.85 390.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 500.45 390.85 Td (\(dollars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 378.85 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 378.85 Td (millions\):) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 130.17 378.85 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 304.35 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 304.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 304.35 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 304.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 304.35 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 304.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 304.35 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 304.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 304.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 304.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 304.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 278.35 197.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 278.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 278.35 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 278.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 278.35 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 278.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 278.35 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 278.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 278.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 278.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 278.35 49.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 346.35 m 323.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 346.35 m 327.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 346.35 m 369.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 346.35 m 373.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 346.35 m 424.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 346.35 m 477.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 346.35 m 481.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 346.35 m 530.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 317.35 m 277.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 317.35 m 323.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 317.35 m 369.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 346.35 m 424.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 317.35 m 424.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 346.35 m 477.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 317.35 m 477.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 346.35 m 481.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 346.35 m 530.5 346.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 317.35 m 530.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 317.35 m 323.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 317.35 m 369.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 317.35 m 424.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 317.35 m 477.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 317.35 m 530.5 317.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 278.35 m 323.5 278.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 266.35 m 323.5 266.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 264.35 m 323.5 264.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 278.35 m 369.5 278.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 266.35 m 369.5 266.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 264.35 m 369.5 264.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 278.35 m 424.5 278.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 266.35 m 424.5 266.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 264.35 m 424.5 264.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 278.35 m 477.5 278.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 266.35 m 477.5 266.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 264.35 m 477.5 264.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 278.35 m 481.5 278.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 266.35 m 481.5 266.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 264.35 m 481.5 264.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 278.35 m 530.5 278.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 266.35 m 530.5 266.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 264.35 m 530.5 264.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.70 350.58 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 350.58 Td (Increase / \(Decrease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 321.58 Td (Cash provided by \(used in\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.00 321.58 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.00 321.58 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.50 321.58 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 337.58 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.10 329.58 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 321.58 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 337.58 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.10 329.58 Td (compared to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 321.58 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 308.60 Td (Operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 308.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.25 308.60 Td (365) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 308.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 308.60 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 308.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.30 308.60 Td (174) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 308.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 308.60 Td (330) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 308.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 308.60 Td (\(139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 308.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 295.60 Td (Investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.60 295.60 Td (\(1,186) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.30 295.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.60 295.60 Td (\(1,024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 295.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.60 295.60 Td (\(1,659) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 295.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.60 295.60 Td (\(162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 295.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 295.60 Td (635) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 282.60 Td (Financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.25 282.60 Td (1,183) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.25 282.60 Td (915) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.30 282.60 Td (857) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 282.60 Td (268) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 282.60 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.00 269.60 Td (Net increase \(decrease\) in cash & cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 269.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.25 269.60 Td (362) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 269.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.60 269.60 Td (\(74) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 269.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 269.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.60 269.60 Td (\(628) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 269.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 269.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 269.60 Td (436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 269.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 269.60 Td (554) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 238.85 Td (Operating ) Tj ET Q q 0 0 0 rg BT 124.43 238.85 Td (Activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 219.85 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.30 219.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 162.64 219.85 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.64 219.85 Td ( ) Tj ET Q q 0 0 0 rg BT 174.43 219.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.99 219.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 251.89 219.85 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.90 219.85 Td ($365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.90 219.85 Td ( ) Tj ET Q q 0 0 0 rg BT 302.69 219.85 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 219.85 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 341.83 219.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.83 219.85 Td ( ) Tj ET Q q 0 0 0 rg BT 363.63 219.85 Td (as ) Tj ET Q q 0 0 0 rg BT 373.75 219.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 414.97 219.85 Td (to ) Tj ET Q q 0 0 0 rg BT 424.55 219.85 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.11 219.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 481.45 219.85 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.45 219.85 Td ( ) Tj ET Q q 0 0 0 rg BT 493.25 219.85 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 207.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 119.71 207.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.65 207.85 Td ($35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.65 207.85 Td ( ) Tj ET Q q 0 0 0 rg BT 148.27 207.85 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.54 207.85 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 189.04 207.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.04 207.85 Td (. ) Tj ET Q q 0 0 0 rg BT 213.96 207.85 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.12 207.85 Td ($330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.12 207.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.73 207.85 Td (improvement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.05 207.85 Td ( ) Tj ET Q q 0 0 0 rg BT 310.66 207.85 Td (was ) Tj ET Q q 0 0 0 rg BT 328.83 207.85 Td (principally ) Tj ET Q q 0 0 0 rg BT 374.76 207.85 Td (due ) Tj ET Q q 0 0 0 rg BT 391.81 207.85 Td (to ) Tj ET Q q 0 0 0 rg BT 402.20 207.85 Td (an ) Tj ET Q q 0 0 0 rg BT 414.25 207.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 449.62 207.85 Td (of ) Tj ET Q q 0 0 0 rg BT 460.56 207.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.17 207.85 Td ($239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.17 207.85 Td ( ) Tj ET Q q 0 0 0 rg BT 485.79 207.85 Td (in ) Tj ET Q q 0 0 0 rg BT 496.18 207.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 516.56 207.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 195.85 Td (short-term ) Tj ET Q q 0 0 0 rg BT 125.11 195.85 Td (collateral ) Tj ET Q q 0 0 0 rg BT 164.76 195.85 Td (from ) Tj ET Q q 0 0 0 rg BT 186.65 195.85 Td (our ) Tj ET Q q 0 0 0 rg BT 202.44 195.85 Td (derivative ) Tj ET Q q 0 0 0 rg BT 244.87 195.85 Td (counterparties, ) Tj ET Q q 0 0 0 rg BT 306.46 195.85 Td (and ) Tj ET Q q 0 0 0 rg BT 323.36 195.85 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.25 195.85 Td ($79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.25 195.85 Td ( ) Tj ET Q q 0 0 0 rg BT 347.70 195.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 382.91 195.85 Td (of ) Tj ET Q q 0 0 0 rg BT 393.69 195.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 440.03 195.85 Td (income ) Tj ET Q q 0 0 0 rg BT 471.92 195.85 Td (receipts ) Tj ET Q q 0 0 0 rg BT 505.46 195.85 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 183.85 Td (over ) Tj ET Q q 0 0 0 rg BT 101.27 183.85 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 164.85 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.61 164.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 163.26 164.85 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.26 164.85 Td ( ) Tj ET Q q 0 0 0 rg BT 175.37 164.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 215.24 164.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 253.45 164.85 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.77 164.85 Td ($35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.77 164.85 Td ( ) Tj ET Q q 0 0 0 rg BT 299.88 164.85 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 164.85 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 339.64 164.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.64 164.85 Td ( ) Tj ET Q q 0 0 0 rg BT 361.75 164.85 Td (as ) Tj ET Q q 0 0 0 rg BT 372.19 164.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 413.72 164.85 Td (to ) Tj ET Q q 0 0 0 rg BT 423.61 164.85 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.49 164.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 481.14 164.85 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.14 164.85 Td ( ) Tj ET Q q 0 0 0 rg BT 493.25 164.85 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 119.51 152.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.25 152.85 Td ($174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.25 152.85 Td ( ) Tj ET Q q 0 0 0 rg BT 152.65 152.85 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.72 152.85 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 193.02 152.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.02 152.85 Td (. ) Tj ET Q q 0 0 0 rg BT 217.75 152.85 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.71 152.85 Td ($139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.71 152.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.12 152.85 Td (decline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.99 152.85 Td ( ) Tj ET Q q 0 0 0 rg BT 289.40 152.85 Td (was ) Tj ET Q q 0 0 0 rg BT 307.36 152.85 Td (principally ) Tj ET Q q 0 0 0 rg BT 353.09 152.85 Td (due ) Tj ET Q q 0 0 0 rg BT 369.94 152.85 Td (to ) Tj ET Q q 0 0 0 rg BT 380.12 152.85 Td (an ) Tj ET Q q 0 0 0 rg BT 391.97 152.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 427.13 152.85 Td (in ) Tj ET Q q 0 0 0 rg BT 437.32 152.85 Td (policy ) Tj ET Q q 0 0 0 rg BT 464.72 152.85 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 511.01 152.85 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.27 140.85 Td ($79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.27 140.85 Td ( ) Tj ET Q q 0 0 0 rg BT 110.21 140.85 Td (resulting ) Tj ET Q q 0 0 0 rg BT 148.15 140.85 Td (from ) Tj ET Q q 0 0 0 rg BT 170.53 140.85 Td (an ) Tj ET Q q 0 0 0 rg BT 182.91 140.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 218.60 140.85 Td (in ) Tj ET Q q 0 0 0 rg BT 229.32 140.85 Td (product ) Tj ET Q q 0 0 0 rg BT 262.81 140.85 Td (sales ) Tj ET Q q 0 0 0 rg BT 285.19 140.85 Td (period ) Tj ET Q q 0 0 0 rg BT 313.68 140.85 Td (over ) Tj ET Q q 0 0 0 rg BT 334.39 140.85 Td (period ) Tj ET Q q 0 0 0 rg BT 362.87 140.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.25 140.85 Td ($192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.25 140.85 Td ( ) Tj ET Q q 0 0 0 rg BT 403.19 140.85 Td (decrease ) Tj ET Q q 0 0 0 rg BT 440.55 140.85 Td (in ) Tj ET Q q 0 0 0 rg BT 451.27 140.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 471.98 140.85 Td (and ) Tj ET Q q 0 0 0 rg BT 489.36 140.85 Td (short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 128.85 Td (collateral ) Tj ET Q q 0 0 0 rg BT 120.54 128.85 Td (from ) Tj ET Q q 0 0 0 rg BT 142.31 128.85 Td (our ) Tj ET Q q 0 0 0 rg BT 157.98 128.85 Td (derivative ) Tj ET Q q 0 0 0 rg BT 200.30 128.85 Td (counterparties, ) Tj ET Q q 0 0 0 rg BT 261.78 128.85 Td (of) Tj ET Q q 0 0 0 rg BT 269.93 128.85 Td (fset ) Tj ET Q q 0 0 0 rg BT 286.71 128.85 Td (by ) Tj ET Q q 0 0 0 rg BT 299.05 128.85 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.82 128.85 Td ($80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.82 128.85 Td ( ) Tj ET Q q 0 0 0 rg BT 328.16 128.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 363.26 128.85 Td (of ) Tj ET Q q 0 0 0 rg BT 373.92 128.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 420.15 128.85 Td (income ) Tj ET Q q 0 0 0 rg BT 451.92 128.85 Td (receipts ) Tj ET Q q 0 0 0 rg BT 485.35 128.85 Td (period ) Tj ET Q q 0 0 0 rg BT 513.24 128.85 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 116.85 Td (period.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 89.85 Td (Investing ) Tj ET Q q 0 0 0 rg BT 119.97 89.85 Td (Activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 70.85 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.58 70.85 Td (used ) Tj ET Q q 0 0 0 rg BT 145.99 70.85 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.77 70.85 Td ( ) Tj ET Q q 0 0 0 rg BT 155.85 70.85 Td (investing ) Tj ET Q q 0 0 0 rg BT 194.59 70.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 232.77 70.85 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.40 70.85 Td ($1,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.90 70.85 Td ( ) Tj ET Q q 0 0 0 rg BT 279.98 70.85 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.72 70.85 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 319.69 70.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.69 70.85 Td (, ) Tj ET Q q 0 0 0 rg BT 344.27 70.85 Td (as ) Tj ET Q q 0 0 0 rg BT 354.68 70.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 396.19 70.85 Td (to ) Tj ET Q q 0 0 0 rg BT 406.04 70.85 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.89 70.85 Td (used ) Tj ET Q q 0 0 0 rg BT 446.30 70.85 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.08 70.85 Td ( ) Tj ET Q q 0 0 0 rg BT 456.16 70.85 Td (investing ) Tj ET Q q 0 0 0 rg BT 494.91 70.85 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 58.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.04 58.85 Td ($1,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.54 58.85 Td ( ) Tj ET Q q 0 0 0 rg BT 120.24 58.85 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.61 58.85 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 159.20 58.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.20 58.85 Td (. ) Tj ET Q q 0 0 0 rg BT 183.29 58.85 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.54 58.85 Td ($162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.54 58.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.25 58.85 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.00 58.85 Td ( ) Tj ET Q q 0 0 0 rg BT 256.71 58.85 Td (in ) Tj ET Q q 0 0 0 rg BT 266.19 58.85 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.67 58.85 Td (used ) Tj ET Q q 0 0 0 rg BT 305.70 58.85 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.48 58.85 Td ( ) Tj ET Q q 0 0 0 rg BT 315.19 58.85 Td (investing ) Tj ET Q q 0 0 0 rg BT 353.56 58.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 391.36 58.85 Td (is ) Tj ET Q q 0 0 0 rg BT 399.74 58.85 Td (principally ) Tj ET Q q 0 0 0 rg BT 444.77 58.85 Td (due ) Tj ET Q q 0 0 0 rg BT 460.91 58.85 Td (to ) Tj ET Q q 0 0 0 rg BT 470.40 58.85 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.54 58.85 Td ($127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.54 58.85 Td ( ) Tj ET Q q 0 0 0 rg BT 498.25 58.85 Td (increase ) Tj ET Q endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.74 742.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 134.13 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.42 742.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 168.93 742.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 205.77 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 246.49 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.89 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 287.40 742.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 340.63 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 355.81 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.10 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 387.83 742.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 426.33 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 448.73 742.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 473.62 742.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 516.58 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (repayments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 706.10 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.23 706.10 Td (used ) Tj ET Q q 0 0 0 rg BT 161.79 706.10 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.57 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.80 706.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 212.69 706.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 252.02 706.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.80 706.10 Td ($1,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.30 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.53 706.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.42 706.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 343.54 706.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.54 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 369.27 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 380.83 706.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 423.48 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.49 706.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 455.49 706.10 Td (used ) Tj ET Q q 0 0 0 rg BT 477.05 706.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.61 706.10 Td ($1,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.11 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.34 706.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 106.52 694.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.52 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 130.54 694.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.73 694.10 Td ($635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.73 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.36 694.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 205.42 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.83 694.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 234.24 694.10 Td (used ) Tj ET Q q 0 0 0 rg BT 254.20 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.62 694.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 301.92 694.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 339.66 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 347.96 694.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 392.92 694.10 Td (due ) Tj ET Q q 0 0 0 rg BT 409.00 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.41 694.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.49 694.10 Td ($604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.49 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.13 694.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 482.18 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 491.59 694.10 Td (purchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 682.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 114.88 682.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 151.26 682.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 191.52 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.46 682.10 Td (other ) Tj ET Q q 0 0 0 rg BT 231.51 682.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 284.28 682.10 Td (net ) Tj ET Q q 0 0 0 rg BT 299.00 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.83 682.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 330.10 682.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 368.13 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 390.07 682.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 414.51 682.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 457.00 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.94 682.10 Td (repayments.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 661.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 124.42 661.10 Td (Activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 642.10 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.25 642.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 164.54 642.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.54 642.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.29 642.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 217.80 642.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 256.65 642.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.95 642.10 Td ($1,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.45 642.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.20 642.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.61 642.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 346.24 642.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.24 642.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.99 642.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 411.16 642.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.69 642.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.20 642.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 480.50 642.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 642.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.25 642.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 630.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 119.13 630.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.48 630.10 Td ($915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.48 630.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.51 630.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.19 630.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 191.11 630.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.11 630.10 Td (. ) Tj ET Q q 0 0 0 rg BT 215.49 630.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.06 630.10 Td ($268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.06 630.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.09 630.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.84 630.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.87 630.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.67 630.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.47 630.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 357.04 630.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.04 630.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.07 630.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 408.86 630.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 446.98 630.10 Td (was ) Tj ET Q q 0 0 0 rg BT 464.56 630.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 503.80 630.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.66 618.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.75 618.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 140.51 618.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.72 618.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 196.48 618.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 234.45 618.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.77 618.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 284.86 618.10 Td (new ) Tj ET Q q 0 0 0 rg BT 303.40 618.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 351.11 618.10 Td (including ) Tj ET Q q 0 0 0 rg BT 390.76 618.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 422.63 618.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.95 618.10 Td (universal ) Tj ET Q q 0 0 0 rg BT 477.49 618.10 Td (life ) Tj ET Q q 0 0 0 rg BT 492.69 618.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 606.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 121.67 606.10 Td (net ) Tj ET Q q 0 0 0 rg BT 135.97 606.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.37 606.10 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 197.88 606.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.40 606.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 244.24 606.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 284.65 606.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.16 606.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.68 606.10 Td ($100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.68 606.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.75 606.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 364.59 606.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.44 606.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 394.29 606.10 Td (due ) Tj ET Q q 0 0 0 rg BT 410.80 606.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.66 606.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.18 606.10 Td (draw ) Tj ET Q q 0 0 0 rg BT 449.24 606.10 Td (on ) Tj ET Q q 0 0 0 rg BT 461.32 606.10 Td (a ) Tj ET Q q 0 0 0 rg BT 467.84 606.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 508.24 606.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 594.10 Td (facility) Tj ET Q q 0 0 0 rg BT 108.67 594.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 577.60 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.43 577.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 165.40 577.60 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.40 577.60 Td ( ) Tj ET Q q 0 0 0 rg BT 177.82 577.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 218.01 577.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 256.54 577.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.52 577.60 Td ($915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.52 577.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.10 577.60 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 337.41 577.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.41 577.60 Td ( ) Tj ET Q q 0 0 0 rg BT 359.84 577.60 Td (as ) Tj ET Q q 0 0 0 rg BT 370.60 577.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 412.45 577.60 Td (to ) Tj ET Q q 0 0 0 rg BT 422.65 577.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.84 577.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 480.82 577.60 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.82 577.60 Td ( ) Tj ET Q q 0 0 0 rg BT 493.24 577.60 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 565.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 119.40 565.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.03 565.60 Td ($857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.03 565.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.49 565.60 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 192.67 565.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.67 565.60 Td (. ) Tj ET Q q 0 0 0 rg BT 217.30 565.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.15 565.60 Td ($58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 565.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 287.70 565.60 Td (in ) Tj ET Q q 0 0 0 rg BT 297.78 565.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.85 565.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 355.69 565.60 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.69 565.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.99 565.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 408.05 565.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 446.45 565.60 Td (was ) Tj ET Q q 0 0 0 rg BT 464.30 565.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 503.81 565.60 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 553.60 Td (to ) Tj ET Q q 0 0 0 rg BT 90.66 553.60 Td (the ) Tj ET Q q 0 0 0 rg BT 104.75 553.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 140.51 553.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.72 553.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 196.48 553.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 234.45 553.60 Td (and ) Tj ET Q q 0 0 0 rg BT 250.77 553.60 Td (pending ) Tj ET Q q 0 0 0 rg BT 284.86 553.60 Td (new ) Tj ET Q q 0 0 0 rg BT 303.40 553.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 351.11 553.60 Td (including ) Tj ET Q q 0 0 0 rg BT 390.76 553.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 422.63 553.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.95 553.60 Td (universal ) Tj ET Q q 0 0 0 rg BT 477.49 553.60 Td (life ) Tj ET Q q 0 0 0 rg BT 492.69 553.60 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 541.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 122.21 541.60 Td (net ) Tj ET Q q 0 0 0 rg BT 137.04 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 147.99 541.60 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 200.04 541.60 Td (and ) Tj ET Q q 0 0 0 rg BT 217.09 541.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 247.47 541.60 Td (payments. ) Tj ET Q q 0 0 0 rg BT 290.34 541.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 340.24 541.60 Td (, ) Tj ET Q q 0 0 0 rg BT 345.36 541.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 386.86 541.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 406.69 541.60 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.72 541.60 Td ($40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.72 541.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.34 541.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 506.17 541.60 Td (due ) Tj ET Q q 0 0 0 rg BT 523.22 541.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 529.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 122.18 529.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 141.69 529.60 Td (to ) Tj ET Q q 0 0 0 rg BT 151.76 529.60 Td (our ) Tj ET Q q 0 0 0 rg BT 167.38 529.60 Td (parent ) Tj ET Q q 0 0 0 rg BT 194.65 529.60 Td (company) Tj ET Q q 0 0 0 rg BT 230.66 529.60 Td (, ) Tj ET Q q 0 0 0 rg BT 235.45 529.60 Td (HRG, ) Tj ET Q q 0 0 0 rg BT 261.36 529.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.43 529.60 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 297.60 529.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.60 529.60 Td (. ) Tj ET Q q 0 0 0 rg BT 322.40 529.60 Td ( ) Tj ET Q q 0 0 0 rg BT 324.69 529.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.31 529.60 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 381.49 529.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.49 529.60 Td (, ) Tj ET Q q 0 0 0 rg BT 406.28 529.60 Td (there ) Tj ET Q q 0 0 0 rg BT 428.56 529.60 Td (were ) Tj ET Q q 0 0 0 rg BT 450.28 529.60 Td (net ) Tj ET Q q 0 0 0 rg BT 464.78 529.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 484.84 529.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 522.67 529.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 517.60 Td ($176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 517.60 Td ( ) Tj ET Q q 0 0 0 rg BT 103.38 517.60 Td (from ) Tj ET Q q 0 0 0 rg BT 125.19 517.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.79 517.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 176.04 517.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.75 517.60 Td (common ) Tj ET Q q 0 0 0 rg BT 224.13 517.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 247.61 517.60 Td (in ) Tj ET Q q 0 0 0 rg BT 257.77 517.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 304.02 517.60 Td (with ) Tj ET Q q 0 0 0 rg BT 324.17 517.60 Td (our ) Tj ET Q q 0 0 0 rg BT 339.88 517.60 Td (IPO, ) Tj ET Q q 0 0 0 rg BT 360.87 517.60 Td (which ) Tj ET Q q 0 0 0 rg BT 387.69 517.60 Td (of) Tj ET Q q 0 0 0 rg BT 395.84 517.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 412.66 517.60 Td (the ) Tj ET Q q 0 0 0 rg BT 427.25 517.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 457.39 517.60 Td (period ) Tj ET Q q 0 0 0 rg BT 485.32 517.60 Td (over ) Tj ET Q q 0 0 0 rg BT 505.46 517.60 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 505.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 101.27 505.60 Td (increase.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 460.60 Td (Sources of Cash Flow) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 439.60 Td (Dividends fr) Tj ET Q q 0 0 0 rg BT 130.35 439.60 Td (om Insurance Subsidiaries, Statutory Capital and Risk-Based Capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 415.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 415.60 Td (The ) Tj ET Q q 0 0 0 rg BT 135.60 415.60 Td (Company) Tj ET Q q 0 0 0 rg BT 177.26 415.60 Td (s ) Tj ET Q q 0 0 0 rg BT 184.21 415.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 225.57 415.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 275.84 415.60 Td (are ) Tj ET Q q 0 0 0 rg BT 291.10 415.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 331.36 415.60 Td (by ) Tj ET Q q 0 0 0 rg BT 344.41 415.60 Td (state ) Tj ET Q q 0 0 0 rg BT 365.78 415.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 387.17 415.60 Td (and ) Tj ET Q q 0 0 0 rg BT 404.66 415.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 452.14 415.60 Td (as ) Tj ET Q q 0 0 0 rg BT 463.52 415.60 Td (to ) Tj ET Q q 0 0 0 rg BT 474.35 415.60 Td (the ) Tj ET Q q 0 0 0 rg BT 489.62 415.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 522.67 415.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 403.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 122.21 403.60 Td (they ) Tj ET Q q 0 0 0 rg BT 141.75 403.60 Td (may ) Tj ET Q q 0 0 0 rg BT 161.29 403.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 178.05 403.60 Td (to ) Tj ET Q q 0 0 0 rg BT 188.15 403.60 Td (their ) Tj ET Q q 0 0 0 rg BT 208.80 403.60 Td (parent ) Tj ET Q q 0 0 0 rg BT 236.11 403.60 Td (without ) Tj ET Q q 0 0 0 rg BT 268.99 403.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 312.41 403.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 349.72 403.60 Td (in ) Tj ET Q q 0 0 0 rg BT 359.82 403.60 Td (any ) Tj ET Q q 0 0 0 rg BT 376.58 403.60 Td (year) Tj ET Q q 0 0 0 rg BT 393.39 403.60 Td (, ) Tj ET Q q 0 0 0 rg BT 398.21 403.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.75 403.60 Td (purpose ) Tj ET Q q 0 0 0 rg BT 446.73 403.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.39 403.60 Td (which ) Tj ET Q q 0 0 0 rg BT 484.15 403.60 Td (is ) Tj ET Q q 0 0 0 rg BT 493.14 403.60 Td (to ) Tj ET Q q 0 0 0 rg BT 503.24 403.60 Td (protect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 391.60 Td (af) Tj ET Q q 0 0 0 rg BT 88.59 391.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 118.51 391.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 162.33 391.60 Td (policyholders, ) Tj ET Q q 0 0 0 rg BT 224.76 391.60 Td (depositors ) Tj ET Q q 0 0 0 rg BT 271.37 391.60 Td (or ) Tj ET Q q 0 0 0 rg BT 285.20 391.60 Td (investors. ) Tj ET Q q 0 0 0 rg BT 328.10 391.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 350.82 391.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 395.21 391.60 Td (in ) Tj ET Q q 0 0 0 rg BT 408.48 391.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 440.08 391.60 Td (of ) Tj ET Q q 0 0 0 rg BT 453.91 391.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 482.20 391.60 Td (are ) Tj ET Q q 0 0 0 rg BT 499.91 391.60 Td (deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 379.60 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 147.00 379.60 Td (and ) Tj ET Q q 0 0 0 rg BT 164.71 379.60 Td (require ) Tj ET Q q 0 0 0 rg BT 196.29 379.60 Td (approval. ) Tj ET Q q 0 0 0 rg BT 237.04 379.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 264.75 379.60 Td (on ) Tj ET Q q 0 0 0 rg BT 278.01 379.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 316.27 379.60 Td (results ) Tj ET Q q 0 0 0 rg BT 345.65 379.60 Td (as ) Tj ET Q q 0 0 0 rg BT 357.24 379.60 Td (of ) Tj ET Q q 0 0 0 rg BT 368.84 379.60 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.19 379.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.19 379.60 Td (, ) Tj ET Q q 0 0 0 rg BT 453.95 379.60 Td (in ) Tj ET Q q 0 0 0 rg BT 465.00 379.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 513.22 379.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 367.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 124.50 367.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 161.90 367.60 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 211.24 367.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.86 367.60 Td (Company) Tj ET Q q 0 0 0 rg BT 267.53 367.60 Td (s ) Tj ET Q q 0 0 0 rg BT 273.83 367.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 323.45 367.60 Td (could ) Tj ET Q q 0 0 0 rg BT 348.08 367.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 364.92 367.60 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 410.08 367.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 451.38 367.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.11 367.60 Td ($124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.11 367.60 Td ( ) Tj ET Q q 0 0 0 rg BT 484.52 367.60 Td (to ) Tj ET Q q 0 0 0 rg BT 494.71 367.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 523.23 367.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 355.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 355.60 Td (, ) Tj ET Q q 0 0 0 rg BT 106.12 355.60 Td (less ) Tj ET Q q 0 0 0 rg BT 123.74 355.60 Td (any ) Tj ET Q q 0 0 0 rg BT 140.80 355.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 182.31 355.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 202.15 355.60 Td (during ) Tj ET Q q 0 0 0 rg BT 230.88 355.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.72 355.60 Td (immediately ) Tj ET Q q 0 0 0 rg BT 298.33 355.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 340.38 355.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 353.00 355.60 Td (month ) Tj ET Q q 0 0 0 rg BT 381.18 355.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 411.66 355.60 Td (The ) Tj ET Q q 0 0 0 rg BT 429.82 355.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.33 355.60 Td (did ) Tj ET Q q 0 0 0 rg BT 486.73 355.60 Td (not ) Tj ET Q q 0 0 0 rg BT 502.13 355.60 Td (declare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 343.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.66 343.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 108.43 343.60 Td (any ) Tj ET Q q 0 0 0 rg BT 125.21 343.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 166.43 343.60 Td (to ) Tj ET Q q 0 0 0 rg BT 176.54 343.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 204.98 343.60 Td (during ) Tj ET Q q 0 0 0 rg BT 233.42 343.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.97 343.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 260.31 343.60 Td (month ) Tj ET Q q 0 0 0 rg BT 288.20 343.60 Td (period ) Tj ET Q q 0 0 0 rg BT 316.08 343.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 342.29 343.60 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.38 343.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.38 343.60 Td (. ) Tj ET Q q 0 0 0 rg BT 427.05 343.60 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 471.29 343.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 489.82 343.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.15 343.60 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 331.60 Td (is ) Tj ET Q q 0 0 0 rg BT 89.42 331.60 Td (able ) Tj ET Q q 0 0 0 rg BT 107.82 331.60 Td (to ) Tj ET Q q 0 0 0 rg BT 117.34 331.60 Td (declare ) Tj ET Q q 0 0 0 rg BT 147.95 331.60 Td (an ) Tj ET Q q 0 0 0 rg BT 159.13 331.60 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 194.75 331.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 231.50 331.60 Td (up ) Tj ET Q q 0 0 0 rg BT 243.24 331.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.77 331.60 Td ($124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.77 331.60 Td ( ) Tj ET Q q 0 0 0 rg BT 274.51 331.60 Td (with ) Tj ET Q q 0 0 0 rg BT 294.03 331.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 324.10 331.60 Td (to ) Tj ET Q q 0 0 0 rg BT 333.62 331.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.81 331.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.81 331.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.56 331.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 403.30 331.60 Td (results, ) Tj ET Q q 0 0 0 rg BT 433.65 331.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 463.72 331.60 Td (to ) Tj ET Q q 0 0 0 rg BT 473.25 331.60 Td (management) Tj ET Q q 0 0 0 rg BT 527.12 331.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 319.60 Td (discretion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 303.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 123.52 303.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.57 303.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 170.48 303.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.97 303.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 207.49 303.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.53 303.10 Td (NY) Tj ET Q q 0 0 0 rg BT 225.60 303.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.65 303.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 272.56 303.10 Td (are ) Tj ET Q q 0 0 0 rg BT 288.82 303.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 321.19 303.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.01 303.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 375.95 303.10 Td (RBC ) Tj ET Q q 0 0 0 rg BT 400.01 303.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 456.26 303.10 Td (established ) Tj ET Q q 0 0 0 rg BT 504.74 303.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.78 303.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 291.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 122.62 291.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 174.79 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.43 291.10 Td (their ) Tj ET Q q 0 0 0 rg BT 208.06 291.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 252.45 291.10 Td (state ) Tj ET Q q 0 0 0 rg BT 274.08 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.71 291.10 Td (domicile. ) Tj ET Q q 0 0 0 rg BT 326.26 291.10 Td (The ) Tj ET Q q 0 0 0 rg BT 345.11 291.10 Td (formulas ) Tj ET Q q 0 0 0 rg BT 383.96 291.10 Td (for ) Tj ET Q q 0 0 0 rg BT 398.93 291.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 450.55 291.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.07 291.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 499.37 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.00 291.10 Td (RBC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 279.10 Td (specify ) Tj ET Q q 0 0 0 rg BT 112.73 279.10 Td (various ) Tj ET Q q 0 0 0 rg BT 145.03 279.10 Td (weighting ) Tj ET Q q 0 0 0 rg BT 187.88 279.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 217.95 279.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.80 279.10 Td (are ) Tj ET Q q 0 0 0 rg BT 250.87 279.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 283.16 279.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.79 279.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.63 279.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 368.92 279.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.21 279.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 412.39 279.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.58 279.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 462.54 279.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 495.39 279.10 Td (based ) Tj ET Q q 0 0 0 rg BT 521.02 279.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.66 267.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 136.96 267.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 166.05 267.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.83 267.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 196.77 267.10 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 243.65 267.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 292.18 267.10 Td (is ) Tj ET Q q 0 0 0 rg BT 301.29 267.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 348.71 267.10 Td (by ) Tj ET Q q 0 0 0 rg BT 361.16 267.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.04 267.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 388.81 267.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.40 267.10 Td (T) Tj ET Q q 0 0 0 rg BT 404.71 267.10 Td (AC, ) Tj ET Q q 0 0 0 rg BT 423.54 267.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.32 267.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 466.75 267.10 Td (by ) Tj ET Q q 0 0 0 rg BT 479.19 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.85 267.10 Td (NAIC, ) Tj ET Q q 0 0 0 rg BT 523.23 267.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 255.10 Td (RBC ) Tj ET Q q 0 0 0 rg BT 103.27 255.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 160.24 255.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.83 255.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 203.08 255.10 Td (by ) Tj ET Q q 0 0 0 rg BT 215.34 255.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.82 255.10 Td (NAIC. ) Tj ET Q q 0 0 0 rg BT 259.03 255.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 277.55 255.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.81 255.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 320.94 255.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.65 255.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 356.17 255.10 Td ( ) Tj ET Q q 0 0 0 rg BT 358.43 255.10 Td (NY) Tj ET Q q 0 0 0 rg BT 372.50 255.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.76 255.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 415.90 255.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 455.35 255.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.83 255.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 510.99 255.10 Td (RBC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 243.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 134.69 243.10 Td (that ) Tj ET Q q 0 0 0 rg BT 151.17 243.10 Td (would ) Tj ET Q q 0 0 0 rg BT 177.65 243.10 Td (require ) Tj ET Q q 0 0 0 rg BT 207.46 243.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 250.04 243.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.85 243.10 Td (corrective ) Tj ET Q q 0 0 0 rg BT 301.31 243.10 Td (action ) Tj ET Q q 0 0 0 rg BT 327.23 243.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.37 243.10 Td (all ) Tj ET Q q 0 0 0 rg BT 351.85 243.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 382.78 243.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 422.58 243.10 Td (herein. ) Tj ET Q q 0 0 0 rg BT 451.55 243.10 Td (RBC ) Tj ET Q q 0 0 0 rg BT 473.05 243.10 Td (is ) Tj ET Q q 0 0 0 rg BT 481.20 243.10 Td (an ) Tj ET Q q 0 0 0 rg BT 492.13 243.10 Td (important ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 231.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 106.82 231.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.09 231.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.81 231.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 189.85 231.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.68 231.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.39 231.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 252.88 231.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 287.59 231.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 317.31 231.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.14 231.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 346.66 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.16 231.10 Td (Insurance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 210.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 123.52 210.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.99 210.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 167.32 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.22 210.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 202.74 210.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.21 210.10 Td (NY) Tj ET Q q 0 0 0 rg BT 219.28 210.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.75 210.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 263.08 210.10 Td (are ) Tj ET Q q 0 0 0 rg BT 277.75 210.10 Td (required ) Tj ET Q q 0 0 0 rg BT 313.54 210.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.78 210.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 356.22 210.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 393.68 210.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 431.13 210.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 475.81 210.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.05 210.10 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 198.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.57 198.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 139.35 198.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 186.01 198.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 224.33 198.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 268.76 198.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.88 198.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 320.99 198.10 Td (by ) Tj ET Q q 0 0 0 rg BT 333.78 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.78 198.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 389.89 198.10 Td (department ) Tj ET Q q 0 0 0 rg BT 437.66 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.77 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.78 198.10 Td (state ) Tj ET Q q 0 0 0 rg BT 484.89 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.01 198.10 Td (domicile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.50 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.89 186.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 151.60 186.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 193.09 186.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 233.54 186.10 Td (. ) Tj ET Q q 0 0 0 rg BT 239.22 186.10 Td (Statutory ) Tj ET Q q 0 0 0 rg BT 279.06 186.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 326.10 186.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 364.81 186.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 405.19 186.10 Td (dif) Tj ET Q q 0 0 0 rg BT 416.12 186.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 430.39 186.10 Td (from ) Tj ET Q q 0 0 0 rg BT 453.00 186.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 479.86 186.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.03 186.10 Td (by ) Tj ET Q q 0 0 0 rg BT 496.20 186.10 Td (char) Tj ET Q q 0 0 0 rg BT 513.23 186.10 Td (ging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 174.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 107.78 174.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 153.45 174.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 175.24 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.81 174.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 218.81 174.10 Td (as ) Tj ET Q q 0 0 0 rg BT 228.92 174.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 266.53 174.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 316.09 174.10 Td (future ) Tj ET Q q 0 0 0 rg BT 341.76 174.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 368.54 174.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 398.09 174.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 437.10 174.10 Td (using ) Tj ET Q q 0 0 0 rg BT 460.56 174.10 Td (dif) Tj ET Q q 0 0 0 rg BT 471.48 174.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 496.59 174.10 Td (actuarial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 162.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 133.66 162.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.21 162.10 Td (well ) Tj ET Q q 0 0 0 rg BT 165.64 162.10 Td (as ) Tj ET Q q 0 0 0 rg BT 177.19 162.10 Td (valuing ) Tj ET Q q 0 0 0 rg BT 210.40 162.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 261.39 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.04 162.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 309.46 162.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 336.00 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.66 162.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 400.74 162.10 Td (for ) Tj ET Q q 0 0 0 rg BT 415.62 162.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 452.14 162.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 475.90 162.10 Td (on ) Tj ET Q q 0 0 0 rg BT 489.12 162.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.77 162.10 Td (dif) Tj ET Q q 0 0 0 rg BT 507.70 162.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 150.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 106.00 150.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 137.93 150.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 163.76 150.10 Td (that ) Tj ET Q q 0 0 0 rg BT 181.26 150.10 Td (are ) Tj ET Q q 0 0 0 rg BT 195.97 150.10 Td (not ) Tj ET Q q 0 0 0 rg BT 211.24 150.10 Td (admitted ) Tj ET Q q 0 0 0 rg BT 248.73 150.10 Td (under ) Tj ET Q q 0 0 0 rg BT 274.00 150.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 311.50 150.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 357.87 150.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 399.80 150.10 Td (are ) Tj ET Q q 0 0 0 rg BT 414.51 150.10 Td (char) Tj ET Q q 0 0 0 rg BT 431.54 150.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 448.48 150.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 481.52 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.80 150.10 Td (surplus. ) Tj ET Q endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 742.10 Td (Statutory ) Tj ET Q q 0 0 0 rg BT 144.85 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 174.68 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.30 742.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 224.38 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.89 742.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 254.41 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.59 742.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 299.64 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.26 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.78 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 357.50 742.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 399.00 742.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 449.40 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 459.25 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 470.77 742.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 503.95 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 518.79 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 112.94 730.10 Td (presented: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.00 719.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 665.80 250.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 665.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 665.80 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 665.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 665.80 96.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 692.8 m 431.5 692.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 692.8 m 531.5 692.8 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 84.00 701.56 Td (\(dollars in millions\)) Tj ET Q BT /F1 4.00 Tf ET q 0 0 0 rg BT 142.34 701.56 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.85 697.03 Td (As of September) Tj ET Q q 0 0 0 rg BT 396.14 697.03 Td ( 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.85 697.03 Td (As of September) Tj ET Q q 0 0 0 rg BT 496.14 697.03 Td ( 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 684.03 Td (Subsidiary Name:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.00 684.05 Td () Tj ET Q BT /F1 4.00 Tf ET q 0 0 0 rg BT 438.00 683.18 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 670.05 Td (Fidelity & Guaranty Life Insurance Company) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.00 670.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 670.05 Td (1,320) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 670.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 670.05 Td (1,224) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 656.05 Td (Fidelity & Guaranty Life Insurance Company of New York) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 656.05 Td (62) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 656.05 Td (64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 642.05 Td (Raven Reinsurance Company) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 642.05 Td (210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 642.05 Td (196) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 617.30 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 617.30 Td (e ) Tj ET Q q 0 0 0 rg BT 119.93 617.30 Td (monitor ) Tj ET Q q 0 0 0 rg BT 153.45 617.30 Td (the ) Tj ET Q q 0 0 0 rg BT 167.52 617.30 Td (ratio ) Tj ET Q q 0 0 0 rg BT 187.70 617.30 Td (of ) Tj ET Q q 0 0 0 rg BT 197.88 617.30 Td (our ) Tj ET Q q 0 0 0 rg BT 213.06 617.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 253.23 617.30 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 303.03 617.30 Td ( ) Tj ET Q q 0 0 0 rg BT 304.75 617.30 Td (T) Tj ET Q q 0 0 0 rg BT 310.06 617.30 Td (AC ) Tj ET Q q 0 0 0 rg BT 325.81 617.30 Td (to ) Tj ET Q q 0 0 0 rg BT 335.44 617.30 Td (company ) Tj ET Q q 0 0 0 rg BT 373.95 617.30 Td (action ) Tj ET Q q 0 0 0 rg BT 400.23 617.30 Td (level ) Tj ET Q q 0 0 0 rg BT 421.52 617.30 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 464.47 617.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 492.97 617.30 Td (\(CAL\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 605.30 Td (A) Tj ET Q q 0 0 0 rg BT 87.67 605.30 Td ( ) Tj ET Q q 0 0 0 rg BT 89.89 605.30 Td (ratio ) Tj ET Q q 0 0 0 rg BT 110.43 605.30 Td (in ) Tj ET Q q 0 0 0 rg BT 120.42 605.30 Td (excess ) Tj ET Q q 0 0 0 rg BT 148.74 605.30 Td (of ) Tj ET Q q 0 0 0 rg BT 159.28 605.30 Td (either ) Tj ET Q q 0 0 0 rg BT 184.26 605.30 Td (\(i\)100% ) Tj ET Q q 0 0 0 rg BT 221.75 605.30 Td (or ) Tj ET Q q 0 0 0 rg BT 232.29 605.30 Td (\(ii\)150% ) Tj ET Q q 0 0 0 rg BT 272.55 605.30 Td (if ) Tj ET Q q 0 0 0 rg BT 280.88 605.30 Td (there ) Tj ET Q q 0 0 0 rg BT 303.08 605.30 Td (is ) Tj ET Q q 0 0 0 rg BT 311.96 605.30 Td (a ) Tj ET Q q 0 0 0 rg BT 318.62 605.30 Td (negative ) Tj ET Q q 0 0 0 rg BT 354.71 605.30 Td (trend, ) Tj ET Q q 0 0 0 rg BT 379.97 605.30 Td (indicates ) Tj ET Q q 0 0 0 rg BT 417.73 605.30 Td (that ) Tj ET Q q 0 0 0 rg BT 434.94 605.30 Td (the ) Tj ET Q q 0 0 0 rg BT 449.37 605.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 489.90 605.30 Td (subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 593.30 Td (is ) Tj ET Q q 0 0 0 rg BT 90.63 593.30 Td (not ) Tj ET Q q 0 0 0 rg BT 106.37 593.30 Td (required ) Tj ET Q q 0 0 0 rg BT 142.65 593.30 Td (to ) Tj ET Q q 0 0 0 rg BT 153.39 593.30 Td (take ) Tj ET Q q 0 0 0 rg BT 173.01 593.30 Td (any ) Tj ET Q q 0 0 0 rg BT 190.41 593.30 Td (corrective ) Tj ET Q q 0 0 0 rg BT 233.35 593.30 Td (actions ) Tj ET Q q 0 0 0 rg BT 264.63 593.30 Td (to ) Tj ET Q q 0 0 0 rg BT 275.38 593.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 311.09 593.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 340.71 593.30 Td (levels ) Tj ET Q q 0 0 0 rg BT 366.99 593.30 Td (at ) Tj ET Q q 0 0 0 rg BT 377.17 593.30 Td (the ) Tj ET Q q 0 0 0 rg BT 392.35 593.30 Td (direction ) Tj ET Q q 0 0 0 rg BT 430.86 593.30 Td (of ) Tj ET Q q 0 0 0 rg BT 442.15 593.30 Td (the ) Tj ET Q q 0 0 0 rg BT 457.33 593.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 501.38 593.30 Td (state ) Tj ET Q q 0 0 0 rg BT 522.67 593.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 581.30 Td (domicile. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 560.30 Td (The ) Tj ET Q q 0 0 0 rg BT 122.19 560.30 Td (ratio ) Tj ET Q q 0 0 0 rg BT 142.17 560.30 Td (of ) Tj ET Q q 0 0 0 rg BT 152.03 560.30 Td (T) Tj ET Q q 0 0 0 rg BT 157.33 560.30 Td (AC ) Tj ET Q q 0 0 0 rg BT 172.87 560.30 Td (to ) Tj ET Q q 0 0 0 rg BT 182.30 560.30 Td (CAL) Tj ET Q q 0 0 0 rg BT 201.93 560.30 Td ( ) Tj ET Q q 0 0 0 rg BT 203.58 560.30 Td (for ) Tj ET Q q 0 0 0 rg BT 216.89 560.30 Td (FGL) Tj ET Q q 0 0 0 rg BT 235.41 560.30 Td ( ) Tj ET Q q 0 0 0 rg BT 237.05 560.30 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 277.57 560.30 Td (and ) Tj ET Q q 0 0 0 rg BT 293.66 560.30 Td (FGL) Tj ET Q q 0 0 0 rg BT 312.18 560.30 Td ( ) Tj ET Q q 0 0 0 rg BT 313.82 560.30 Td (NY) Tj ET Q q 0 0 0 rg BT 327.90 560.30 Td ( ) Tj ET Q q 0 0 0 rg BT 329.54 560.30 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 370.06 560.30 Td (is ) Tj ET Q q 0 0 0 rg BT 378.38 560.30 Td (set ) Tj ET Q q 0 0 0 rg BT 391.13 560.30 Td (out ) Tj ET Q q 0 0 0 rg BT 405.56 560.30 Td (below ) Tj ET Q q 0 0 0 rg BT 431.65 560.30 Td (for ) Tj ET Q q 0 0 0 rg BT 444.95 560.30 Td (the ) Tj ET Q q 0 0 0 rg BT 458.82 560.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 489.91 560.30 Td (presented: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.00 549.50 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 497.00 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 497.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 497.00 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 497.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 497.00 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 497.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 497.00 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 497.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 497.00 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 497.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 497.00 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 497.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 497.00 37.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 518 m 326.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 518 m 330.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 518 m 367.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 518 m 371.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 518 m 408.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 539 m 408.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 518 m 412.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 518 m 449.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 518 m 453.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 518 m 490.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 518 m 494.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 518 m 531.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 497 m 326.5 497 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 518 m 367.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 497 m 367.5 497 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 518 m 408.5 497 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 497 m 408.5 497 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 497 m 326.5 497 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 497 m 367.5 497 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 497 m 408.5 497 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 497 m 408.5 483 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 497 m 449.5 497 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 497 m 490.5 497 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 497 m 531.5 497 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 483 m 408.5 470 l s BT /F1 4.00 Tf ET q 0 0 0 rg BT 84.00 521.38 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.35 522.23 Td (As of September) Tj ET Q q 0 0 0 rg BT 361.64 522.23 Td ( 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.35 522.23 Td (As of September) Tj ET Q q 0 0 0 rg BT 484.64 522.23 Td ( 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 501.23 Td (\(dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 299.25 499.980078125 m 315.919921875 499.980078125 l s q 0 0 0 rg BT 299.25 501.23 Td (CAL) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 340.35 499.980078125 m 356.646875 499.980078125 l s q 0 0 0 rg BT 340.35 501.23 Td (T) Tj ET Q q 0 0 0 rg BT 345.09 501.23 Td (AC) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 380.15 499.980078125 m 398.8140625 499.980078125 l s q 0 0 0 rg BT 380.15 501.23 Td (Ratio) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 422.25 499.980078125 m 438.919921875 499.980078125 l s q 0 0 0 rg BT 422.25 501.23 Td (CAL) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 463.35 499.980078125 m 479.646875 499.980078125 l s q 0 0 0 rg BT 463.35 501.23 Td (T) Tj ET Q q 0 0 0 rg BT 468.09 501.23 Td (AC) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 503.15 499.980078125 m 521.8140625 499.980078125 l s q 0 0 0 rg BT 503.15 501.23 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 487.25 Td (Fidelity & Guaranty Life Insurance Company) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.00 487.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 487.25 Td (345) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.00 487.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.30 487.25 Td (1,436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 487.25 Td (417) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 487.25 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.00 487.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 487.25 Td (337) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.00 487.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 487.25 Td (1,337) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 487.25 Td (397) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 487.25 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 474.25 Td (Fidelity & Guaranty Life Insurance Company of New York) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 474.25 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 474.25 Td (66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 474.25 Td (694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 474.25 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.30 474.25 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 474.25 Td (68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.30 474.25 Td (709) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 474.25 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 442.00 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 421.00 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 421.00 Td (In ) Tj ET Q q 0 0 0 rg BT 127.02 421.00 Td (March ) Tj ET Q q 0 0 0 rg BT 154.80 421.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 178.99 421.00 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 206.79 421.00 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.47 421.00 Td ($300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.47 421.00 Td ( ) Tj ET Q q 0 0 0 rg BT 255.16 421.00 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 295.71 421.00 Td (principal ) Tj ET Q q 0 0 0 rg BT 332.93 421.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 364.62 421.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.63 421.00 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.46 421.00 Td ( ) Tj ET Q q 0 0 0 rg BT 407.15 421.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 434.94 421.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 459.96 421.00 Td (due ) Tj ET Q q 0 0 0 rg BT 475.71 421.00 Td (April1, ) Tj ET Q q 0 0 0 rg BT 508.51 421.00 Td (2021, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 409.00 Td (at ) Tj ET Q q 0 0 0 rg BT 90.34 409.00 Td (par ) Tj ET Q q 0 0 0 rg BT 105.23 409.00 Td (value ) Tj ET Q q 0 0 0 rg BT 129.01 409.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 165.57 409.00 Td (to ) Tj ET Q q 0 0 0 rg BT 175.47 409.00 Td (the ) Tj ET Q q 0 0 0 rg BT 189.80 409.00 Td (indenture, ) Tj ET Q q 0 0 0 rg BT 232.19 409.00 Td (dated ) Tj ET Q q 0 0 0 rg BT 255.97 409.00 Td (as ) Tj ET Q q 0 0 0 rg BT 266.42 409.00 Td (of ) Tj ET Q q 0 0 0 rg BT 276.87 409.00 Td (March27, ) Tj ET Q q 0 0 0 rg BT 320.09 409.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 344.71 409.00 Td (between ) Tj ET Q q 0 0 0 rg BT 380.15 409.00 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 410.88 409.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 440.21 409.00 Td (of ) Tj ET Q q 0 0 0 rg BT 450.66 409.00 Td (its ) Tj ET Q q 0 0 0 rg BT 462.23 409.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 511.57 409.00 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 397.00 Td (time ) Tj ET Q q 0 0 0 rg BT 101.41 397.00 Td (to ) Tj ET Q q 0 0 0 rg BT 111.82 397.00 Td (time ) Tj ET Q q 0 0 0 rg BT 132.22 397.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 161.51 397.00 Td (thereto ) Tj ET Q q 0 0 0 rg BT 191.90 397.00 Td (and ) Tj ET Q q 0 0 0 rg BT 208.78 397.00 Td (W) Tj ET Q q 0 0 0 rg BT 217.42 397.00 Td (ells ) Tj ET Q q 0 0 0 rg BT 233.94 397.00 Td (Far) Tj ET Q q 0 0 0 rg BT 247.09 397.00 Td (go ) Tj ET Q q 0 0 0 rg BT 259.72 397.00 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 285.96 397.00 Td (National ) Tj ET Q q 0 0 0 rg BT 322.45 397.00 Td (Association, ) Tj ET Q q 0 0 0 rg BT 374.79 397.00 Td (as ) Tj ET Q q 0 0 0 rg BT 385.57 397.00 Td (T) Tj ET Q q 0 0 0 rg BT 391.32 397.00 Td (rustee ) Tj ET Q q 0 0 0 rg BT 417.83 397.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 436.01 397.00 Td (T) Tj ET Q q 0 0 0 rg BT 446.21 397.00 Td (rustee\), ) Tj ET Q q 0 0 0 rg BT 482.98 397.00 Td (and ) Tj ET Q q 0 0 0 rg BT 500.05 397.00 Td (the ) Tj ET Q q 0 0 0 rg BT 514.90 397.00 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 385.00 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 136.83 385.00 Td (indenture ) Tj ET Q q 0 0 0 rg BT 177.10 385.00 Td (dated ) Tj ET Q q 0 0 0 rg BT 201.26 385.00 Td (as ) Tj ET Q q 0 0 0 rg BT 212.10 385.00 Td (of ) Tj ET Q q 0 0 0 rg BT 222.94 385.00 Td (March27, ) Tj ET Q q 0 0 0 rg BT 266.54 385.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 291.55 385.00 Td (between ) Tj ET Q q 0 0 0 rg BT 327.37 385.00 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 358.49 385.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 388.20 385.00 Td (of ) Tj ET Q q 0 0 0 rg BT 399.04 385.00 Td (its ) Tj ET Q q 0 0 0 rg BT 411.00 385.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 460.72 385.00 Td (from ) Tj ET Q q 0 0 0 rg BT 482.67 385.00 Td (time ) Tj ET Q q 0 0 0 rg BT 502.95 385.00 Td (to ) Tj ET Q q 0 0 0 rg BT 513.23 385.00 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 373.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 109.57 373.00 Td (thereto ) Tj ET Q q 0 0 0 rg BT 139.25 373.00 Td (and ) Tj ET Q q 0 0 0 rg BT 155.60 373.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.59 373.00 Td (T) Tj ET Q q 0 0 0 rg BT 175.34 373.00 Td (rustee. ) Tj ET Q q 0 0 0 rg BT 203.50 373.00 Td (The ) Tj ET Q q 0 0 0 rg BT 220.96 373.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 248.98 373.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 274.22 373.00 Td (bear ) Tj ET Q q 0 0 0 rg BT 293.34 373.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 324.69 373.00 Td (at ) Tj ET Q q 0 0 0 rg BT 333.82 373.00 Td (a ) Tj ET Q q 0 0 0 rg BT 340.17 373.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 357.07 373.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.31 373.00 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.14 373.00 Td (per ) Tj ET Q q 0 0 0 rg BT 415.32 373.00 Td (annum. ) Tj ET Q q 0 0 0 rg BT 446.95 373.00 Td (Interest ) Tj ET Q q 0 0 0 rg BT 478.85 373.00 Td (on ) Tj ET Q q 0 0 0 rg BT 490.76 373.00 Td (the ) Tj ET Q q 0 0 0 rg BT 504.89 373.00 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 361.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 106.81 361.00 Td (is ) Tj ET Q q 0 0 0 rg BT 115.97 361.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 149.54 361.00 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 208.68 361.00 Td (in ) Tj ET Q q 0 0 0 rg BT 218.94 361.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 239.19 361.00 Td (in ) Tj ET Q q 0 0 0 rg BT 249.45 361.00 Td (arrears ) Tj ET Q q 0 0 0 rg BT 279.13 361.00 Td (on ) Tj ET Q q 0 0 0 rg BT 291.06 361.00 Td (April1 ) Tj ET Q q 0 0 0 rg BT 322.16 361.00 Td (and ) Tj ET Q q 0 0 0 rg BT 339.08 361.00 Td (October1 ) Tj ET Q q 0 0 0 rg BT 381.27 361.00 Td (of ) Tj ET Q q 0 0 0 rg BT 392.08 361.00 Td (each ) Tj ET Q q 0 0 0 rg BT 412.88 361.00 Td (year) Tj ET Q q 0 0 0 rg BT 429.69 361.00 Td (, ) Tj ET Q q 0 0 0 rg BT 434.67 361.00 Td (commencing ) Tj ET Q q 0 0 0 rg BT 488.80 361.00 Td (October1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 349.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 105.63 349.00 Td (As ) Tj ET Q q 0 0 0 rg BT 119.47 349.00 Td (of ) Tj ET Q q 0 0 0 rg BT 130.54 349.00 Td (September ) Tj ET Q q 0 0 0 rg BT 176.03 349.00 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.26 349.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.26 349.00 Td (, ) Tj ET Q q 0 0 0 rg BT 216.50 349.00 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 245.34 349.00 Td (had ) Tj ET Q q 0 0 0 rg BT 262.51 349.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 311.91 349.00 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.40 349.00 Td ($300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.40 349.00 Td ( ) Tj ET Q q 0 0 0 rg BT 395.13 349.00 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 436.73 349.00 Td (principal ) Tj ET Q q 0 0 0 rg BT 475.00 349.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 507.73 349.00 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 349.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 337.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 109.61 337.00 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 316.00 Td (As ) Tj ET Q q 0 0 0 rg BT 117.25 316.00 Td (of ) Tj ET Q q 0 0 0 rg BT 127.63 316.00 Td (August ) Tj ET Q q 0 0 0 rg BT 159.16 316.00 Td (26, ) Tj ET Q q 0 0 0 rg BT 174.30 316.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 199.44 316.00 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 230.69 316.00 Td (as ) Tj ET Q q 0 0 0 rg BT 241.65 316.00 Td (borrower) Tj ET Q q 0 0 0 rg BT 277.90 316.00 Td (, ) Tj ET Q q 0 0 0 rg BT 283.04 316.00 Td (and ) Tj ET Q q 0 0 0 rg BT 300.12 316.00 Td (the ) Tj ET Q q 0 0 0 rg BT 314.97 316.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 356.49 316.00 Td (as ) Tj ET Q q 0 0 0 rg BT 367.46 316.00 Td (guarantor) Tj ET Q q 0 0 0 rg BT 405.37 316.00 Td (, ) Tj ET Q q 0 0 0 rg BT 410.51 316.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 442.57 316.00 Td (into ) Tj ET Q q 0 0 0 rg BT 460.76 316.00 Td (a ) Tj ET Q q 0 0 0 rg BT 467.84 316.00 Td (three-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 316.00 Td ($150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.00 316.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 304.00 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 124.33 304.00 Td (revolving ) Tj ET Q q 0 0 0 rg BT 165.45 304.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 191.00 304.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 222.12 304.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 240.46 304.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 272.07 304.00 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 327.05 304.00 Td (with ) Tj ET Q q 0 0 0 rg BT 347.63 304.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 377.62 304.00 Td (lenders ) Tj ET Q q 0 0 0 rg BT 409.29 304.00 Td (and ) Tj ET Q q 0 0 0 rg BT 426.52 304.00 Td (RBC ) Tj ET Q q 0 0 0 rg BT 449.32 304.00 Td (Capital ) Tj ET Q q 0 0 0 rg BT 481.00 304.00 Td (Markets ) Tj ET Q q 0 0 0 rg BT 516.56 304.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 292.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 108.23 292.00 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 136.03 292.00 Td (Securities ) Tj ET Q q 0 0 0 rg BT 177.70 292.00 Td (\(USA\) ) Tj ET Q q 0 0 0 rg BT 206.61 292.00 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 230.23 292.00 Td (acting ) Tj ET Q q 0 0 0 rg BT 256.90 292.00 Td (as ) Tj ET Q q 0 0 0 rg BT 267.47 292.00 Td (joint ) Tj ET Q q 0 0 0 rg BT 288.04 292.00 Td (lead ) Tj ET Q q 0 0 0 rg BT 306.94 292.00 Td (arrangers. ) Tj ET Q q 0 0 0 rg BT 348.71 292.00 Td (The ) Tj ET Q q 0 0 0 rg BT 366.49 292.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 385.95 292.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 423.72 292.00 Td (from ) Tj ET Q q 0 0 0 rg BT 445.40 292.00 Td (the ) Tj ET Q q 0 0 0 rg BT 459.85 292.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 486.59 292.00 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 280.00 Td (may ) Tj ET Q q 0 0 0 rg BT 101.35 280.00 Td (be ) Tj ET Q q 0 0 0 rg BT 113.92 280.00 Td (used ) Tj ET Q q 0 0 0 rg BT 135.39 280.00 Td (for ) Tj ET Q q 0 0 0 rg BT 150.18 280.00 Td (working ) Tj ET Q q 0 0 0 rg BT 186.64 280.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 216.43 280.00 Td (and ) Tj ET Q q 0 0 0 rg BT 234.00 280.00 Td (general ) Tj ET Q q 0 0 0 rg BT 266.56 280.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 307.45 280.00 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 348.63 280.00 Td ( ) Tj ET Q q 0 0 0 rg BT 351.77 280.00 Td (On ) Tj ET Q q 0 0 0 rg BT 367.12 280.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 428.02 280.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 453.65 280.00 Td (the ) Tj ET Q q 0 0 0 rg BT 469.00 280.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 511.02 280.00 Td (drew ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 268.00 Td ($100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 268.00 Td ( ) Tj ET Q q 0 0 0 rg BT 102.48 268.00 Td (on ) Tj ET Q q 0 0 0 rg BT 113.96 268.00 Td (the ) Tj ET Q q 0 0 0 rg BT 127.66 268.00 Td (revolver ) Tj ET Q q 0 0 0 rg BT 162.45 268.00 Td (and ) Tj ET Q q 0 0 0 rg BT 178.37 268.00 Td (the ) Tj ET Q q 0 0 0 rg BT 192.06 268.00 Td (total ) Tj ET Q q 0 0 0 rg BT 211.32 268.00 Td (drawn ) Tj ET Q q 0 0 0 rg BT 237.79 268.00 Td (as ) Tj ET Q q 0 0 0 rg BT 247.60 268.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.41 268.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 316.65 268.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 268.00 Td ( ) Tj ET Q q 0 0 0 rg BT 338.13 268.00 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.16 268.00 Td ($100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.16 268.00 Td (. ) Tj ET Q q 0 0 0 rg BT 379.03 268.00 Td (V) Tj ET Q q 0 0 0 rg BT 385.15 268.00 Td (arious ) Tj ET Q q 0 0 0 rg BT 411.06 268.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 450.31 268.00 Td (options ) Tj ET Q q 0 0 0 rg BT 481.23 268.00 Td (are ) Tj ET Q q 0 0 0 rg BT 494.92 268.00 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 256.00 Td (within ) Tj ET Q q 0 0 0 rg BT 108.87 256.00 Td (the ) Tj ET Q q 0 0 0 rg BT 123.40 256.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 148.48 256.00 Td (facility) Tj ET Q q 0 0 0 rg BT 176.15 256.00 Td (, ) Tj ET Q q 0 0 0 rg BT 180.96 256.00 Td (including ) Tj ET Q q 0 0 0 rg BT 221.05 256.00 Td (overnight ) Tj ET Q q 0 0 0 rg BT 261.69 256.00 Td (and ) Tj ET Q q 0 0 0 rg BT 278.44 256.00 Td (term ) Tj ET Q q 0 0 0 rg BT 299.08 256.00 Td (based ) Tj ET Q q 0 0 0 rg BT 324.16 256.00 Td (borrowing. ) Tj ET Q q 0 0 0 rg BT 373.13 256.00 Td (In ) Tj ET Q q 0 0 0 rg BT 383.78 256.00 Td (each ) Tj ET Q q 0 0 0 rg BT 404.41 256.00 Td (case, ) Tj ET Q q 0 0 0 rg BT 426.43 256.00 Td (a ) Tj ET Q q 0 0 0 rg BT 433.18 256.00 Td (mar) Tj ET Q q 0 0 0 rg BT 448.54 256.00 Td (gin ) Tj ET Q q 0 0 0 rg BT 463.64 256.00 Td (is ) Tj ET Q q 0 0 0 rg BT 472.62 256.00 Td (ascribed ) Tj ET Q q 0 0 0 rg BT 508.25 256.00 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 244.00 Td (on ) Tj ET Q q 0 0 0 rg BT 93.14 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 107.50 244.00 Td (Debt ) Tj ET Q q 0 0 0 rg BT 129.08 244.00 Td (to ) Tj ET Q q 0 0 0 rg BT 139.00 244.00 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 197.23 244.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 217.70 244.00 Td (of ) Tj ET Q q 0 0 0 rg BT 228.17 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 242.53 244.00 Td (Company) Tj ET Q q 0 0 0 rg BT 280.77 244.00 Td (. ) Tj ET Q q 0 0 0 rg BT 284.93 244.00 Td (As ) Tj ET Q q 0 0 0 rg BT 298.19 244.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.66 244.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 368.56 244.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.56 244.00 Td (, ) Tj ET Q q 0 0 0 rg BT 393.21 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 407.56 244.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 439.14 244.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 456.26 244.00 Td (was ) Tj ET Q q 0 0 0 rg BT 473.96 244.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 497.75 244.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.67 244.00 Td (5.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 244.00 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 225.00 Td (Debt Covenants) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 206.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 206.00 Td (The ) Tj ET Q q 0 0 0 rg BT 134.29 206.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 160.64 206.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 206.80 206.00 Td (contains ) Tj ET Q q 0 0 0 rg BT 241.87 206.00 Td (a ) Tj ET Q q 0 0 0 rg BT 248.04 206.00 Td (number ) Tj ET Q q 0 0 0 rg BT 280.33 206.00 Td (of ) Tj ET Q q 0 0 0 rg BT 290.40 206.00 Td (covenants ) Tj ET Q q 0 0 0 rg BT 332.13 206.00 Td (that, ) Tj ET Q q 0 0 0 rg BT 351.36 206.00 Td (among ) Tj ET Q q 0 0 0 rg BT 380.32 206.00 Td (other ) Tj ET Q q 0 0 0 rg BT 402.60 206.00 Td (things, ) Tj ET Q q 0 0 0 rg BT 431.29 206.00 Td (limit ) Tj ET Q q 0 0 0 rg BT 451.92 206.00 Td (or ) Tj ET Q q 0 0 0 rg BT 461.99 206.00 Td (restrict ) Tj ET Q q 0 0 0 rg BT 491.50 206.00 Td (the ) Tj ET Q q 0 0 0 rg BT 505.45 206.00 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 194.00 Td (of ) Tj ET Q q 0 0 0 rg BT 90.94 194.00 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 118.67 194.00 Td (and ) Tj ET Q q 0 0 0 rg BT 134.72 194.00 Td (its ) Tj ET Q q 0 0 0 rg BT 145.78 194.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 194.60 194.00 Td (to ) Tj ET Q q 0 0 0 rg BT 203.99 194.00 Td (incur ) Tj ET Q q 0 0 0 rg BT 226.15 194.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 244.98 194.00 Td (and ) Tj ET Q q 0 0 0 rg BT 261.03 194.00 Td (issue ) Tj ET Q q 0 0 0 rg BT 282.64 194.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 311.45 194.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 339.72 194.00 Td (stock, ) Tj ET Q q 0 0 0 rg BT 364.94 194.00 Td (incur ) Tj ET Q q 0 0 0 rg BT 387.09 194.00 Td (liens, ) Tj ET Q q 0 0 0 rg BT 410.09 194.00 Td (make ) Tj ET Q q 0 0 0 rg BT 433.36 194.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 462.17 194.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 483.22 194.00 Td (dispositions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 182.00 Td (or ) Tj ET Q q 0 0 0 rg BT 92.00 182.00 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 142.47 182.00 Td (of ) Tj ET Q q 0 0 0 rg BT 153.47 182.00 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 197.26 182.00 Td (stock, ) Tj ET Q q 0 0 0 rg BT 223.54 182.00 Td (enter ) Tj ET Q q 0 0 0 rg BT 246.20 182.00 Td (into ) Tj ET Q q 0 0 0 rg BT 264.43 182.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 314.87 182.00 Td (with ) Tj ET Q q 0 0 0 rg BT 335.32 182.00 Td (af) Tj ET Q q 0 0 0 rg BT 342.91 182.00 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 375.30 182.00 Td (change ) Tj ET Q q 0 0 0 rg BT 406.29 182.00 Td (the ) Tj ET Q q 0 0 0 rg BT 421.18 182.00 Td (nature ) Tj ET Q q 0 0 0 rg BT 448.84 182.00 Td (of ) Tj ET Q q 0 0 0 rg BT 459.84 182.00 Td (its ) Tj ET Q q 0 0 0 rg BT 471.97 182.00 Td (business, ) Tj ET Q q 0 0 0 rg BT 511.03 182.00 Td (enter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 170.00 Td (into ) Tj ET Q q 0 0 0 rg BT 99.23 170.00 Td (mer) Tj ET Q q 0 0 0 rg BT 114.60 170.00 Td (gers, ) Tj ET Q q 0 0 0 rg BT 136.43 170.00 Td (consolidations ) Tj ET Q q 0 0 0 rg BT 196.88 170.00 Td (or ) Tj ET Q q 0 0 0 rg BT 207.89 170.00 Td (transfers ) Tj ET Q q 0 0 0 rg BT 244.99 170.00 Td (of ) Tj ET Q q 0 0 0 rg BT 256.00 170.00 Td (all ) Tj ET Q q 0 0 0 rg BT 268.67 170.00 Td (or ) Tj ET Q q 0 0 0 rg BT 279.68 170.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 332.90 170.00 Td (all ) Tj ET Q q 0 0 0 rg BT 345.58 170.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 374.08 170.00 Td (declare ) Tj ET Q q 0 0 0 rg BT 405.62 170.00 Td (or ) Tj ET Q q 0 0 0 rg BT 416.63 170.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 433.74 170.00 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 477.80 170.00 Td (redeem ) Tj ET Q q 0 0 0 rg BT 509.90 170.00 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 158.00 Td (or ) Tj ET Q q 0 0 0 rg BT 91.71 158.00 Td (prepay ) Tj ET Q q 0 0 0 rg BT 121.31 158.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 150.89 158.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 204.93 158.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 248.42 158.00 Td (the ) Tj ET Q q 0 0 0 rg BT 263.02 158.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 291.51 158.00 Td (Notes\), ) Tj ET Q q 0 0 0 rg BT 323.06 158.00 Td (make ) Tj ET Q q 0 0 0 rg BT 347.10 158.00 Td (investments, ) Tj ET Q q 0 0 0 rg BT 399.75 158.00 Td (modify ) Tj ET Q q 0 0 0 rg BT 431.03 158.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 460.61 158.00 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 511.03 158.00 Td (enter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.00 Td (into ) Tj ET Q q 0 0 0 rg BT 97.88 146.00 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 139.19 146.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 186.05 146.00 Td (or ) Tj ET Q q 0 0 0 rg BT 195.71 146.00 Td (change ) Tj ET Q q 0 0 0 rg BT 225.36 146.00 Td (its ) Tj ET Q q 0 0 0 rg BT 236.13 146.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 281.33 146.00 Td (policies. ) Tj ET Q q 0 0 0 rg BT 316.26 146.00 Td ( ) Tj ET Q q 0 0 0 rg BT 317.50 146.00 Td (The ) Tj ET Q q 0 0 0 rg BT 334.37 146.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 360.40 146.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 406.15 146.00 Td (also ) Tj ET Q q 0 0 0 rg BT 423.59 146.00 Td (contains ) Tj ET Q q 0 0 0 rg BT 458.24 146.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 486.77 146.00 Td (af) Tj ET Q q 0 0 0 rg BT 494.36 146.00 Td (firmative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 134.00 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 125.79 134.00 Td (including ) Tj ET Q q 0 0 0 rg BT 165.88 134.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.17 134.00 Td (and ) Tj ET Q q 0 0 0 rg BT 219.91 134.00 Td (other ) Tj ET Q q 0 0 0 rg BT 242.77 134.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 281.73 134.00 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 338.74 134.00 Td ( ) Tj ET Q q 0 0 0 rg BT 341.05 134.00 Td (In ) Tj ET Q q 0 0 0 rg BT 351.69 134.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 389.27 134.00 Td (under ) Tj ET Q q 0 0 0 rg BT 414.35 134.00 Td (the ) Tj ET Q q 0 0 0 rg BT 428.87 134.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 455.67 134.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 504.90 134.00 Td (FGLH ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 122.00 Td (is ) Tj ET Q q 0 0 0 rg BT 89.87 122.00 Td (required ) Tj ET Q q 0 0 0 rg BT 125.39 122.00 Td (to ) Tj ET Q q 0 0 0 rg BT 135.37 122.00 Td (comply ) Tj ET Q q 0 0 0 rg BT 167.56 122.00 Td (with ) Tj ET Q q 0 0 0 rg BT 187.54 122.00 Td (the ) Tj ET Q q 0 0 0 rg BT 201.96 122.00 Td (following ) Tj ET Q q 0 0 0 rg BT 243.05 122.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.23 122.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 332.96 122.00 Td (covenants ) Tj ET Q q 0 0 0 rg BT 375.15 122.00 Td (at ) Tj ET Q q 0 0 0 rg BT 384.56 122.00 Td (the ) Tj ET Q q 0 0 0 rg BT 398.98 122.00 Td (end ) Tj ET Q q 0 0 0 rg BT 415.62 122.00 Td (of ) Tj ET Q q 0 0 0 rg BT 426.15 122.00 Td (each ) Tj ET Q q 0 0 0 rg BT 446.67 122.00 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 470.53 122.00 Td (quarter: ) Tj ET Q q 0 0 0 rg BT 503.82 122.00 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 517.68 122.00 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 110.00 Td (total ) Tj ET Q q 0 0 0 rg BT 101.08 110.00 Td (shareholders) Tj ET Q q 0 0 0 rg BT 154.20 110.00 Td ( ) Tj ET Q q 0 0 0 rg BT 156.51 110.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 183.81 110.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 197.77 110.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 230.06 110.00 Td (in ) Tj ET Q q 0 0 0 rg BT 240.15 110.00 Td (the ) Tj ET Q q 0 0 0 rg BT 254.67 110.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 281.46 110.00 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 331.52 110.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 352.71 110.00 Td (not ) Tj ET Q q 0 0 0 rg BT 367.79 110.00 Td (be ) Tj ET Q q 0 0 0 rg BT 379.53 110.00 Td (less ) Tj ET Q q 0 0 0 rg BT 396.84 110.00 Td (than ) Tj ET Q q 0 0 0 rg BT 416.36 110.00 Td (the ) Tj ET Q q 0 0 0 rg BT 430.88 110.00 Td (sum ) Tj ET Q q 0 0 0 rg BT 449.86 110.00 Td (of ) Tj ET Q q 0 0 0 rg BT 460.49 110.00 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.89 110.00 Td ($910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.89 110.00 Td (, ) Tj ET Q q 0 0 0 rg BT 498.70 110.00 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.66 110.00 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.99 110.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 98.00 Td (of ) Tj ET Q q 0 0 0 rg BT 91.70 98.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 146.85 98.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 163.67 98.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 196.03 98.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 210.06 98.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 242.42 98.00 Td (in ) Tj ET Q q 0 0 0 rg BT 252.57 98.00 Td (the ) Tj ET Q q 0 0 0 rg BT 267.16 98.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 294.01 98.00 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 344.14 98.00 Td (since ) Tj ET Q q 0 0 0 rg BT 367.06 98.00 Td (the ) Tj ET Q q 0 0 0 rg BT 381.65 98.00 Td (closing ) Tj ET Q q 0 0 0 rg BT 412.91 98.00 Td (date ) Tj ET Q q 0 0 0 rg BT 431.94 98.00 Td (and ) Tj ET Q q 0 0 0 rg BT 448.75 98.00 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.23 98.00 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.56 98.00 Td ( ) Tj ET Q q 0 0 0 rg BT 482.93 98.00 Td (of ) Tj ET Q q 0 0 0 rg BT 493.64 98.00 Td (all ) Tj ET Q q 0 0 0 rg BT 506.01 98.00 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 86.00 Td (issuances ) Tj ET Q q 0 0 0 rg BT 121.58 86.00 Td (of ) Tj ET Q q 0 0 0 rg BT 132.72 86.00 Td (FGL) Tj ET Q q 0 0 0 rg BT 151.24 86.00 Td ( ) Tj ET Q q 0 0 0 rg BT 154.05 86.00 Td (since ) Tj ET Q q 0 0 0 rg BT 177.41 86.00 Td (the ) Tj ET Q q 0 0 0 rg BT 192.43 86.00 Td (closing ) Tj ET Q q 0 0 0 rg BT 224.13 86.00 Td (date ) Tj ET Q q 0 0 0 rg BT 243.60 86.00 Td (and ) Tj ET Q q 0 0 0 rg BT 260.84 86.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 275.31 86.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 295.34 86.00 Td (to ) Tj ET Q q 0 0 0 rg BT 305.93 86.00 Td (total ) Tj ET Q q 0 0 0 rg BT 326.51 86.00 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 383.19 86.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 397.66 86.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 430.45 86.00 Td (in ) Tj ET Q q 0 0 0 rg BT 441.04 86.00 Td (the ) Tj ET Q q 0 0 0 rg BT 456.07 86.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 483.25 86.00 Td (Agreement\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 74.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 102.39 74.00 Td (not ) Tj ET Q q 0 0 0 rg BT 117.67 74.00 Td (be ) Tj ET Q q 0 0 0 rg BT 129.60 74.00 Td (more ) Tj ET Q q 0 0 0 rg BT 152.65 74.00 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.37 74.00 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.70 74.00 Td (. ) Tj ET Q q 0 0 0 rg BT 195.15 74.00 Td (As ) Tj ET Q q 0 0 0 rg BT 208.76 74.00 Td (of ) Tj ET Q q 0 0 0 rg BT 219.59 74.00 Td (the ) Tj ET Q q 0 0 0 rg BT 234.31 74.00 Td (date ) Tj ET Q q 0 0 0 rg BT 253.46 74.00 Td (of ) Tj ET Q q 0 0 0 rg BT 264.29 74.00 Td (this ) Tj ET Q q 0 0 0 rg BT 281.24 74.00 Td (filing, ) Tj ET Q q 0 0 0 rg BT 307.90 74.00 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 336.52 74.00 Td (is ) Tj ET Q q 0 0 0 rg BT 345.69 74.00 Td (in ) Tj ET Q q 0 0 0 rg BT 355.97 74.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 404.55 74.00 Td (with ) Tj ET Q q 0 0 0 rg BT 424.83 74.00 Td (all ) Tj ET Q q 0 0 0 rg BT 437.33 74.00 Td (such ) Tj ET Q q 0 0 0 rg BT 458.16 74.00 Td (covenants.) Tj ET Q endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 134.60 742.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 174.41 742.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 217.01 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.28 742.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 259.44 742.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 284.82 742.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 320.19 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.68 742.10 Td (number ) Tj ET Q q 0 0 0 rg BT 359.28 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.66 742.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 411.70 742.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 431.24 742.10 Td (among ) Tj ET Q q 0 0 0 rg BT 460.51 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 483.11 742.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 512.11 742.10 Td (limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.63 730.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 121.68 730.10 Td (FGLH) Tj ET Q q 0 0 0 rg BT 150.58 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 156.76 730.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 184.61 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.34 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.85 730.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 243.70 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.33 730.10 Td (FGLH) Tj ET Q q 0 0 0 rg BT 283.22 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 289.40 730.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 328.90 730.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 378.41 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.49 730.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 411.33 730.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 433.34 730.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 456.18 730.10 Td (liens, ) Tj ET Q q 0 0 0 rg BT 479.86 730.10 Td (make ) Tj ET Q q 0 0 0 rg BT 503.81 730.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 103.67 718.10 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 154.68 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.24 718.10 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 217.25 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.81 718.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 273.14 718.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 299.98 718.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 323.19 718.10 Td (into ) Tj ET Q q 0 0 0 rg BT 341.97 718.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 392.96 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 413.97 718.10 Td (af) Tj ET Q q 0 0 0 rg BT 421.56 718.10 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 454.49 718.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 477.71 718.10 Td (into ) Tj ET Q q 0 0 0 rg BT 496.49 718.10 Td (mer) Tj ET Q q 0 0 0 rg BT 511.86 718.10 Td (gers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (consolidations ) Tj ET Q q 0 0 0 rg BT 140.55 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 150.65 706.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 186.85 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.96 706.10 Td (all ) Tj ET Q q 0 0 0 rg BT 208.73 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.83 706.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 271.16 706.10 Td (all ) Tj ET Q q 0 0 0 rg BT 282.93 706.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 310.53 706.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 341.17 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.27 706.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 367.48 706.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 410.64 706.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 441.84 706.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 464.72 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.83 706.10 Td (prepay ) Tj ET Q q 0 0 0 rg BT 503.81 706.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 137.96 694.10 Td (make ) Tj ET Q q 0 0 0 rg BT 162.41 694.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 212.99 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 224.12 694.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 246.91 694.10 Td (into ) Tj ET Q q 0 0 0 rg BT 265.27 694.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 308.05 694.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 358.88 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.48 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 379.83 694.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 420.40 694.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 463.74 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.76 694.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 507.67 694.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 682.10 Td (also ) Tj ET Q q 0 0 0 rg BT 99.83 682.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 135.88 682.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 165.80 682.10 Td (af) Tj ET Q q 0 0 0 rg BT 173.39 682.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 212.76 682.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 257.97 682.10 Td (including ) Tj ET Q q 0 0 0 rg BT 298.47 682.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 336.17 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.33 682.10 Td (other ) Tj ET Q q 0 0 0 rg BT 376.60 682.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 415.98 682.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 473.40 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.12 682.10 Td (Most ) Tj ET Q q 0 0 0 rg BT 499.41 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.46 682.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 670.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 123.74 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 142.05 670.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 166.45 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.98 670.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 201.95 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 216.36 670.10 Td (so ) Tj ET Q q 0 0 0 rg BT 228.00 670.10 Td (long ) Tj ET Q q 0 0 0 rg BT 248.54 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 259.62 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.59 670.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 303.45 670.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 329.53 670.10 Td (have ) Tj ET Q q 0 0 0 rg BT 351.16 670.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 397.80 670.10 Td (grade ) Tj ET Q q 0 0 0 rg BT 422.76 670.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 452.73 670.10 Td (from ) Tj ET Q q 0 0 0 rg BT 474.92 670.10 Td (both ) Tj ET Q q 0 0 0 rg BT 495.45 670.10 Td (Moody) Tj ET Q q 0 0 0 rg BT 527.12 670.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 658.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 115.73 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 120.73 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.68 658.10 Td (As ) Tj ET Q q 0 0 0 rg BT 136.29 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.12 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.84 658.10 Td (date ) Tj ET Q q 0 0 0 rg BT 181.00 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.83 658.10 Td (this ) Tj ET Q q 0 0 0 rg BT 208.77 658.10 Td (filing, ) Tj ET Q q 0 0 0 rg BT 235.44 658.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 264.05 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 273.22 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.50 658.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 332.09 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 352.37 658.10 Td (all ) Tj ET Q q 0 0 0 rg BT 364.86 658.10 Td (such ) Tj ET Q q 0 0 0 rg BT 385.69 658.10 Td (covenants.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 634.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 91.19 634.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 108.69 634.10 Td (Ratings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.24 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 610.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 135.08 610.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 177.03 610.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 202.31 610.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 232.05 610.10 Td (published ) Tj ET Q q 0 0 0 rg BT 273.46 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 285.99 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.73 610.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 334.91 610.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 360.76 610.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 397.70 610.10 Td (are ) Tj ET Q q 0 0 0 rg BT 412.43 610.10 Td (set ) Tj ET Q q 0 0 0 rg BT 426.07 610.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 448.03 610.10 Td (below) Tj ET Q q 0 0 0 rg BT 471.82 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 476.84 610.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 518.80 610.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 598.10 Td (rated ) Tj ET Q q 0 0 0 rg BT 103.98 598.10 Td (at ) Tj ET Q q 0 0 0 rg BT 114.20 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.41 598.10 Td (time ) Tj ET Q q 0 0 0 rg BT 150.18 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.51 598.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 198.39 598.10 Td (so ) Tj ET Q q 0 0 0 rg BT 210.28 598.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 237.15 598.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 267.36 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 287.58 598.10 Td (dif) Tj ET Q q 0 0 0 rg BT 298.50 598.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 312.60 598.10 Td (from ) Tj ET Q q 0 0 0 rg BT 335.04 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.25 598.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 392.68 598.10 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 425.18 598.10 Td (There ) Tj ET Q q 0 0 0 rg BT 451.49 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 471.71 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 484.14 598.10 Td (other ) Tj ET Q q 0 0 0 rg BT 507.69 598.10 Td (rating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 586.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 118.24 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 136.06 586.10 Td (also ) Tj ET Q q 0 0 0 rg BT 154.98 586.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 188.35 586.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 213.93 586.10 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 246.47 586.10 Td (which ) Tj ET Q q 0 0 0 rg BT 273.73 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 288.20 586.10 Td (do ) Tj ET Q q 0 0 0 rg BT 301.02 586.10 Td (not ) Tj ET Q q 0 0 0 rg BT 316.62 586.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 351.66 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.25 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.40 586.10 Td (reports. ) Tj ET Q q 0 0 0 rg BT 411.49 586.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 429.86 586.10 Td (current ) Tj ET Q q 0 0 0 rg BT 460.99 586.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.79 586.10 Td (strength ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 574.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 110.72 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.55 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 137.38 574.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 175.42 574.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 216.23 574.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 265.95 574.10 Td (are ) Tj ET Q q 0 0 0 rg BT 280.66 574.10 Td (described ) Tj ET Q q 0 0 0 rg BT 321.47 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.75 574.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 354.80 574.10 Td (I ) Tj ET Q q 0 0 0 rg BT 360.63 574.10 Td (- ) Tj ET Q q 0 0 0 rg BT 366.46 574.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 387.28 574.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 397.28 574.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 435.35 574.10 Td (- ) Tj ET Q q 0 0 0 rg BT 441.18 574.10 Td (Ratings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.73 574.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.73 574.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 550.10 Td (The long-term credit rating scales of ) Tj ET Q q 0 0 0 rg BT 264.72 550.10 Td (A.M. Best, Fitch, Moody) Tj ET Q q 0 0 0 rg BT 368.34 550.10 Td (s and S&P) Tj ET Q q 0 0 0 rg BT 410.20 550.10 Td ( are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 518.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 518.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 518.60 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 518.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 518.60 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 489.60 238.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 489.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 489.60 102.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 489.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 489.60 102.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 461.60 238.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 461.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 461.60 102.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 461.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 461.60 102.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 518.6 m 424.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 518.6 m 530.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 518.6 m 424.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 518.6 m 428.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 518.6 m 530.5 518.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.60 530.83 Td (FinancialStrength Rating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.10 522.83 Td (Scale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.25 530.83 Td (Senior) Tj ET Q q 0 0 0 rg BT 460.33 530.83 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 490.63 530.83 Td (edNotes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 522.83 Td (Cr) Tj ET Q q 0 0 0 rg BT 454.68 522.83 Td (edit Rating Scale) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 83 506.580078125 m 133 506.580078125 l s q 0 0 0 rg BT 83.00 507.83 Td (Rating Agency) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 494.06 Td (A.M. Best\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.40 494.06 Td (A++toS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.00 494.06 Td (aaators) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 480.06 Td (S&P\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.50 480.06 Td (AAAtoR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.50 480.06 Td (AAAtoD) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 466.06 Td (Moody's\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.00 466.06 Td (Aaa to C) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 466.06 Td (Aaa to C) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 452.06 Td (Fitch\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.50 452.06 Td (AAA to C) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.50 452.06 Td (AAA to D) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.00 426.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 141.00 426.50 Td (A.M. ) Tj ET Q q 0 0 0 rg BT 165.08 426.50 Td (Best) Tj ET Q q 0 0 0 rg BT 185.64 426.50 Td (s ) Tj ET Q q 0 0 0 rg BT 192.50 426.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.45 426.50 Td (strength ) Tj ET Q q 0 0 0 rg BT 265.64 426.50 Td (rating ) Tj ET Q q 0 0 0 rg BT 291.94 426.50 Td (is ) Tj ET Q q 0 0 0 rg BT 301.58 426.50 Td (an ) Tj ET Q q 0 0 0 rg BT 313.98 426.50 Td (independent ) Tj ET Q q 0 0 0 rg BT 365.83 426.50 Td (opinion ) Tj ET Q q 0 0 0 rg BT 399.35 426.50 Td (of ) Tj ET Q q 0 0 0 rg BT 410.65 426.50 Td (an ) Tj ET Q q 0 0 0 rg BT 423.06 426.50 Td (insurer) Tj ET Q q 0 0 0 rg BT 451.20 426.50 Td () Tj ET Q q 0 0 0 rg BT 453.98 426.50 Td (s ) Tj ET Q q 0 0 0 rg BT 460.84 426.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.79 426.50 Td (strength ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 414.50 Td (and ) Tj ET Q q 0 0 0 rg BT 160.35 414.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 190.82 414.50 Td (to ) Tj ET Q q 0 0 0 rg BT 203.51 414.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 227.85 414.50 Td (its ) Tj ET Q q 0 0 0 rg BT 242.21 414.50 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 279.90 414.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 323.13 414.50 Td (policy ) Tj ET Q q 0 0 0 rg BT 353.04 414.50 Td (and ) Tj ET Q q 0 0 0 rg BT 372.39 414.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 409.51 414.50 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 461.36 414.50 Td (It ) Tj ET Q q 0 0 0 rg BT 472.38 414.50 Td (is ) Tj ET Q q 0 0 0 rg BT 483.97 414.50 Td (based ) Tj ET Q q 0 0 0 rg BT 511.65 414.50 Td (on ) Tj ET Q q 0 0 0 rg BT 526.56 414.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 402.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 205.74 402.50 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 257.15 402.50 Td (and ) Tj ET Q q 0 0 0 rg BT 275.80 402.50 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 322.21 402.50 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 368.07 402.50 Td (of ) Tj ET Q q 0 0 0 rg BT 380.61 402.50 Td (a ) Tj ET Q q 0 0 0 rg BT 389.26 402.50 Td (company) Tj ET Q q 0 0 0 rg BT 428.69 402.50 Td (s ) Tj ET Q q 0 0 0 rg BT 436.79 402.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 471.53 402.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 496.28 402.50 Td (strength, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 390.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 183.80 390.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 239.36 390.50 Td (and ) Tj ET Q q 0 0 0 rg BT 258.83 390.50 Td (business ) Tj ET Q q 0 0 0 rg BT 297.75 390.50 Td (profile. ) Tj ET Q q 0 0 0 rg BT 330.83 390.50 Td (A.M. ) Tj ET Q q 0 0 0 rg BT 356.98 390.50 Td (Best) Tj ET Q q 0 0 0 rg BT 377.54 390.50 Td (s ) Tj ET Q q 0 0 0 rg BT 386.46 390.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 430.93 390.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 458.73 390.50 Td (ratings ) Tj ET Q q 0 0 0 rg BT 490.98 390.50 Td (reflect ) Tj ET Q q 0 0 0 rg BT 521.55 390.50 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 378.50 Td (assessment ) Tj ET Q q 0 0 0 rg BT 187.67 378.50 Td (of ) Tj ET Q q 0 0 0 rg BT 198.23 378.50 Td (the ) Tj ET Q q 0 0 0 rg BT 212.67 378.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 240.45 378.50 Td (of ) Tj ET Q q 0 0 0 rg BT 251.01 378.50 Td (an ) Tj ET Q q 0 0 0 rg BT 262.68 378.50 Td (obligor ) Tj ET Q q 0 0 0 rg BT 293.80 378.50 Td (to ) Tj ET Q q 0 0 0 rg BT 303.80 378.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 320.47 378.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 352.13 378.50 Td (and ) Tj ET Q q 0 0 0 rg BT 368.80 378.50 Td (principal ) Tj ET Q q 0 0 0 rg BT 406.57 378.50 Td (in ) Tj ET Q q 0 0 0 rg BT 416.58 378.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 463.77 378.50 Td (with ) Tj ET Q q 0 0 0 rg BT 483.78 378.50 Td (the ) Tj ET Q q 0 0 0 rg BT 498.22 378.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 522.67 378.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 366.50 Td (the ) Tj ET Q q 0 0 0 rg BT 156.34 366.50 Td (obligation. ) Tj ET Q q 0 0 0 rg BT 202.52 366.50 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 236.20 366.50 Td (from ) Tj ET Q q 0 0 0 rg BT 258.76 366.50 Td (aa ) Tj ET Q q 0 0 0 rg BT 279.64 366.50 Td (to ) Tj ET Q q 0 0 0 rg BT 290.55 366.50 Td (ccc ) Tj ET Q q 0 0 0 rg BT 315.86 366.50 Td (may ) Tj ET Q q 0 0 0 rg BT 336.21 366.50 Td (be ) Tj ET Q q 0 0 0 rg BT 348.77 366.50 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 389.65 366.50 Td (with ) Tj ET Q q 0 0 0 rg BT 410.55 366.50 Td (a ) Tj ET Q q 0 0 0 rg BT 418.11 366.50 Td (+ ) Tj ET Q q 0 0 0 rg BT 435.76 366.50 Td (\(plus\) ) Tj ET Q q 0 0 0 rg BT 462.21 366.50 Td (or ) Tj ET Q q 0 0 0 rg BT 473.67 366.50 Td (- ) Tj ET Q q 0 0 0 rg BT 489.00 366.50 Td (\(minus\) ) Tj ET Q q 0 0 0 rg BT 523.23 366.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 354.50 Td (indicate ) Tj ET Q q 0 0 0 rg BT 174.62 354.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 208.79 354.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 233.52 354.50 Td (quality ) Tj ET Q q 0 0 0 rg BT 263.27 354.50 Td (is ) Tj ET Q q 0 0 0 rg BT 271.90 354.50 Td (near ) Tj ET Q q 0 0 0 rg BT 291.08 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 305.26 354.50 Td (top ) Tj ET Q q 0 0 0 rg BT 320.01 354.50 Td (or ) Tj ET Q q 0 0 0 rg BT 330.31 354.50 Td (bottom ) Tj ET Q q 0 0 0 rg BT 360.61 354.50 Td (of ) Tj ET Q q 0 0 0 rg BT 370.91 354.50 Td (a ) Tj ET Q q 0 0 0 rg BT 377.31 354.50 Td (category) Tj ET Q q 0 0 0 rg BT 411.09 354.50 Td (. ) Tj ET Q q 0 0 0 rg BT 415.12 354.50 Td (A.M. ) Tj ET Q q 0 0 0 rg BT 438.20 354.50 Td (Best) Tj ET Q q 0 0 0 rg BT 458.76 354.50 Td (s ) Tj ET Q q 0 0 0 rg BT 464.62 354.50 Td (short-term ) Tj ET Q q 0 0 0 rg BT 508.24 354.50 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 342.50 Td (rating ) Tj ET Q q 0 0 0 rg BT 167.30 342.50 Td (is ) Tj ET Q q 0 0 0 rg BT 176.95 342.50 Td (an ) Tj ET Q q 0 0 0 rg BT 189.37 342.50 Td (opinion ) Tj ET Q q 0 0 0 rg BT 222.90 342.50 Td (to ) Tj ET Q q 0 0 0 rg BT 233.66 342.50 Td (the ) Tj ET Q q 0 0 0 rg BT 248.86 342.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 277.39 342.50 Td (of ) Tj ET Q q 0 0 0 rg BT 288.70 342.50 Td (the ) Tj ET Q q 0 0 0 rg BT 303.89 342.50 Td (rated ) Tj ET Q q 0 0 0 rg BT 326.85 342.50 Td (entity ) Tj ET Q q 0 0 0 rg BT 352.61 342.50 Td (to ) Tj ET Q q 0 0 0 rg BT 363.36 342.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 385.78 342.50 Td (its ) Tj ET Q q 0 0 0 rg BT 398.20 342.50 Td (senior ) Tj ET Q q 0 0 0 rg BT 425.62 342.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.58 342.50 Td (commitments ) Tj ET Q q 0 0 0 rg BT 521.00 342.50 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 330.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 187.94 330.50 Td (maturing ) Tj ET Q q 0 0 0 rg BT 226.55 330.50 Td (in ) Tj ET Q q 0 0 0 rg BT 236.83 330.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 276.53 330.50 Td (less ) Tj ET Q q 0 0 0 rg BT 294.03 330.50 Td (than ) Tj ET Q q 0 0 0 rg BT 313.74 330.50 Td (one ) Tj ET Q q 0 0 0 rg BT 330.68 330.50 Td (year) Tj ET Q q 0 0 0 rg BT 347.34 330.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.00 314.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 141.00 314.00 Td (S&P) Tj ET Q q 0 0 0 rg BT 162.68 314.00 Td (s ) Tj ET Q q 0 0 0 rg BT 169.73 314.00 Td (insurer ) Tj ET Q q 0 0 0 rg BT 200.65 314.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 238.79 314.00 Td (strength ) Tj ET Q q 0 0 0 rg BT 274.16 314.00 Td (rating ) Tj ET Q q 0 0 0 rg BT 300.64 314.00 Td (is ) Tj ET Q q 0 0 0 rg BT 310.47 314.00 Td (a ) Tj ET Q q 0 0 0 rg BT 318.06 314.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 386.75 314.00 Td (opinion ) Tj ET Q q 0 0 0 rg BT 420.47 314.00 Td (about ) Tj ET Q q 0 0 0 rg BT 445.84 314.00 Td (the ) Tj ET Q q 0 0 0 rg BT 461.21 314.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 499.35 314.00 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 302.00 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 201.42 302.00 Td (of ) Tj ET Q q 0 0 0 rg BT 212.99 302.00 Td (an ) Tj ET Q q 0 0 0 rg BT 225.67 302.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 267.22 302.00 Td (or) Tj ET Q q 0 0 0 rg BT 275.37 302.00 Td (ganization ) Tj ET Q q 0 0 0 rg BT 320.25 302.00 Td (with ) Tj ET Q q 0 0 0 rg BT 341.27 302.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 372.82 302.00 Td (to ) Tj ET Q q 0 0 0 rg BT 383.83 302.00 Td (its ) Tj ET Q q 0 0 0 rg BT 396.52 302.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 425.31 302.00 Td (to ) Tj ET Q q 0 0 0 rg BT 436.32 302.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 454.00 302.00 Td (under ) Tj ET Q q 0 0 0 rg BT 480.00 302.00 Td (its ) Tj ET Q q 0 0 0 rg BT 492.69 302.00 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 290.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 174.01 290.00 Td (and ) Tj ET Q q 0 0 0 rg BT 190.35 290.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 228.35 290.00 Td (in ) Tj ET Q q 0 0 0 rg BT 238.03 290.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 284.89 290.00 Td (with ) Tj ET Q q 0 0 0 rg BT 304.57 290.00 Td (their ) Tj ET Q q 0 0 0 rg BT 324.80 290.00 Td (terms. ) Tj ET Q q 0 0 0 rg BT 351.00 290.00 Td (A) Tj ET Q q 0 0 0 rg BT 357.67 290.00 Td ( ) Tj ET Q q 0 0 0 rg BT 359.57 290.00 Td (+ ) Tj ET Q q 0 0 0 rg BT 375.99 290.00 Td (or ) Tj ET Q q 0 0 0 rg BT 386.23 290.00 Td (- ) Tj ET Q q 0 0 0 rg BT 400.34 290.00 Td (indicates ) Tj ET Q q 0 0 0 rg BT 437.78 290.00 Td (relative ) Tj ET Q q 0 0 0 rg BT 469.67 290.00 Td (standing ) Tj ET Q q 0 0 0 rg BT 505.46 290.00 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 278.00 Td (a ) Tj ET Q q 0 0 0 rg BT 147.27 278.00 Td (category) Tj ET Q q 0 0 0 rg BT 181.05 278.00 Td (. ) Tj ET Q q 0 0 0 rg BT 184.97 278.00 Td (An ) Tj ET Q q 0 0 0 rg BT 199.03 278.00 Td (S&P) Tj ET Q q 0 0 0 rg BT 217.56 278.00 Td ( ) Tj ET Q q 0 0 0 rg BT 219.39 278.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 243.99 278.00 Td (rating ) Tj ET Q q 0 0 0 rg BT 269.14 278.00 Td (is ) Tj ET Q q 0 0 0 rg BT 277.65 278.00 Td (an ) Tj ET Q q 0 0 0 rg BT 288.92 278.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 335.19 278.00 Td (of ) Tj ET Q q 0 0 0 rg BT 345.35 278.00 Td (default ) Tj ET Q q 0 0 0 rg BT 374.95 278.00 Td (risk, ) Tj ET Q q 0 0 0 rg BT 394.28 278.00 Td (but ) Tj ET Q q 0 0 0 rg BT 408.89 278.00 Td (may ) Tj ET Q q 0 0 0 rg BT 427.94 278.00 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 475.30 278.00 Td (an ) Tj ET Q q 0 0 0 rg BT 486.58 278.00 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 266.00 Td (of ) Tj ET Q q 0 0 0 rg BT 152.46 266.00 Td (relative ) Tj ET Q q 0 0 0 rg BT 185.56 266.00 Td (seniority ) Tj ET Q q 0 0 0 rg BT 223.68 266.00 Td (or ) Tj ET Q q 0 0 0 rg BT 235.14 266.00 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 271.03 266.00 Td (recovery ) Tj ET Q q 0 0 0 rg BT 309.13 266.00 Td (in ) Tj ET Q q 0 0 0 rg BT 320.03 266.00 Td (the ) Tj ET Q q 0 0 0 rg BT 335.38 266.00 Td (event ) Tj ET Q q 0 0 0 rg BT 360.16 266.00 Td (of ) Tj ET Q q 0 0 0 rg BT 371.61 266.00 Td (default. ) Tj ET Q q 0 0 0 rg BT 405.00 266.00 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 451.45 266.00 Td (issuer ) Tj ET Q q 0 0 0 rg BT 477.90 266.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 503.79 266.00 Td (ratings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 254.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 169.03 254.00 Td (the ) Tj ET Q q 0 0 0 rg BT 183.75 254.00 Td (obligor) Tj ET Q q 0 0 0 rg BT 213.01 254.00 Td () Tj ET Q q 0 0 0 rg BT 215.79 254.00 Td (s ) Tj ET Q q 0 0 0 rg BT 222.18 254.00 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 290.77 254.00 Td (over ) Tj ET Q q 0 0 0 rg BT 311.04 254.00 Td (a ) Tj ET Q q 0 0 0 rg BT 317.98 254.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 362.13 254.00 Td (time ) Tj ET Q q 0 0 0 rg BT 382.41 254.00 Td (horizon. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.00 237.50 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 141.00 237.50 Td (Moody) Tj ET Q q 0 0 0 rg BT 172.67 237.50 Td (s ) Tj ET Q q 0 0 0 rg BT 180.24 237.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 218.91 237.50 Td (strength ) Tj ET Q q 0 0 0 rg BT 254.81 237.50 Td (ratings ) Tj ET Q q 0 0 0 rg BT 285.71 237.50 Td (are ) Tj ET Q q 0 0 0 rg BT 301.60 237.50 Td (opinions ) Tj ET Q q 0 0 0 rg BT 339.73 237.50 Td (of ) Tj ET Q q 0 0 0 rg BT 351.74 237.50 Td (the ) Tj ET Q q 0 0 0 rg BT 367.64 237.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 396.88 237.50 Td (of ) Tj ET Q q 0 0 0 rg BT 408.89 237.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 450.89 237.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 497.34 237.50 Td (to ) Tj ET Q q 0 0 0 rg BT 508.80 237.50 Td (repay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 225.50 Td (punctually ) Tj ET Q q 0 0 0 rg BT 185.37 225.50 Td (senior ) Tj ET Q q 0 0 0 rg BT 211.96 225.50 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 264.65 225.50 Td (claims ) Tj ET Q q 0 0 0 rg BT 292.91 225.50 Td (and ) Tj ET Q q 0 0 0 rg BT 309.50 225.50 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 358.60 225.50 Td (Moody) Tj ET Q q 0 0 0 rg BT 390.27 225.50 Td (s ) Tj ET Q q 0 0 0 rg BT 396.31 225.50 Td (appends ) Tj ET Q q 0 0 0 rg BT 431.23 225.50 Td (numerical ) Tj ET Q q 0 0 0 rg BT 473.37 225.50 Td (modifiers ) Tj ET Q q 0 0 0 rg BT 513.85 225.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 523.50 225.50 Td (2, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 213.50 Td (and ) Tj ET Q q 0 0 0 rg BT 158.05 213.50 Td (3 ) Tj ET Q q 0 0 0 rg BT 165.66 213.50 Td (to ) Tj ET Q q 0 0 0 rg BT 176.04 213.50 Td (each ) Tj ET Q q 0 0 0 rg BT 196.97 213.50 Td (generic ) Tj ET Q q 0 0 0 rg BT 229.00 213.50 Td (rating ) Tj ET Q q 0 0 0 rg BT 254.93 213.50 Td (classification ) Tj ET Q q 0 0 0 rg BT 310.30 213.50 Td (from ) Tj ET Q q 0 0 0 rg BT 331.77 213.50 Td (Aa ) Tj ET Q q 0 0 0 rg BT 346.04 213.50 Td (through ) Tj ET Q q 0 0 0 rg BT 379.76 213.50 Td (Caa. ) Tj ET Q q 0 0 0 rg BT 400.23 213.50 Td (The ) Tj ET Q q 0 0 0 rg BT 418.38 213.50 Td (modifier ) Tj ET Q q 0 0 0 rg BT 455.42 213.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 463.03 213.50 Td (indicates ) Tj ET Q q 0 0 0 rg BT 501.18 213.50 Td (that ) Tj ET Q q 0 0 0 rg BT 518.79 213.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 201.50 Td (obligation ) Tj ET Q q 0 0 0 rg BT 184.65 201.50 Td (ranks ) Tj ET Q q 0 0 0 rg BT 209.41 201.50 Td (in ) Tj ET Q q 0 0 0 rg BT 220.28 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 235.60 201.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 264.24 201.50 Td (end ) Tj ET Q q 0 0 0 rg BT 281.78 201.50 Td (of ) Tj ET Q q 0 0 0 rg BT 293.21 201.50 Td (its ) Tj ET Q q 0 0 0 rg BT 305.76 201.50 Td (generic ) Tj ET Q q 0 0 0 rg BT 338.28 201.50 Td (rating ) Tj ET Q q 0 0 0 rg BT 364.70 201.50 Td (category; ) Tj ET Q q 0 0 0 rg BT 405.00 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 420.32 201.50 Td (modifier ) Tj ET Q q 0 0 0 rg BT 457.85 201.50 Td (2 ) Tj ET Q q 0 0 0 rg BT 465.95 201.50 Td (indicates ) Tj ET Q q 0 0 0 rg BT 504.59 201.50 Td (a ) Tj ET Q q 0 0 0 rg BT 512.12 201.50 Td (mid-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 189.50 Td (range ) Tj ET Q q 0 0 0 rg BT 164.87 189.50 Td (ranking; ) Tj ET Q q 0 0 0 rg BT 199.86 189.50 Td (and ) Tj ET Q q 0 0 0 rg BT 215.97 189.50 Td (the ) Tj ET Q q 0 0 0 rg BT 229.85 189.50 Td (modifier ) Tj ET Q q 0 0 0 rg BT 265.95 189.50 Td (3 ) Tj ET Q q 0 0 0 rg BT 272.61 189.50 Td (indicates ) Tj ET Q q 0 0 0 rg BT 309.82 189.50 Td (a ) Tj ET Q q 0 0 0 rg BT 315.92 189.50 Td (ranking ) Tj ET Q q 0 0 0 rg BT 348.13 189.50 Td (in ) Tj ET Q q 0 0 0 rg BT 357.58 189.50 Td (the ) Tj ET Q q 0 0 0 rg BT 371.46 189.50 Td (lower ) Tj ET Q q 0 0 0 rg BT 395.89 189.50 Td (end ) Tj ET Q q 0 0 0 rg BT 412.00 189.50 Td (of ) Tj ET Q q 0 0 0 rg BT 421.99 189.50 Td (that ) Tj ET Q q 0 0 0 rg BT 438.65 189.50 Td (generic ) Tj ET Q q 0 0 0 rg BT 469.74 189.50 Td (rating ) Tj ET Q q 0 0 0 rg BT 494.73 189.50 Td (category) Tj ET Q q 0 0 0 rg BT 528.50 189.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 177.50 Td (Moody) Tj ET Q q 0 0 0 rg BT 172.67 177.50 Td (s ) Tj ET Q q 0 0 0 rg BT 178.41 177.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 219.69 177.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 244.30 177.50 Td (ratings ) Tj ET Q q 0 0 0 rg BT 273.36 177.50 Td (are ) Tj ET Q q 0 0 0 rg BT 287.41 177.50 Td (opinions ) Tj ET Q q 0 0 0 rg BT 323.71 177.50 Td (of ) Tj ET Q q 0 0 0 rg BT 333.88 177.50 Td (the ) Tj ET Q q 0 0 0 rg BT 347.94 177.50 Td (relative ) Tj ET Q q 0 0 0 rg BT 379.77 177.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 404.38 177.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 421.22 177.50 Td (of ) Tj ET Q q 0 0 0 rg BT 431.40 177.50 Td (fixed-income ) Tj ET Q q 0 0 0 rg BT 486.56 177.50 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 165.50 Td (with ) Tj ET Q q 0 0 0 rg BT 160.48 165.50 Td (an ) Tj ET Q q 0 0 0 rg BT 171.62 165.50 Td (original ) Tj ET Q q 0 0 0 rg BT 204.42 165.50 Td (maturity ) Tj ET Q q 0 0 0 rg BT 240.00 165.50 Td (of ) Tj ET Q q 0 0 0 rg BT 250.03 165.50 Td (one ) Tj ET Q q 0 0 0 rg BT 266.17 165.50 Td (year ) Tj ET Q q 0 0 0 rg BT 285.07 165.50 Td (or ) Tj ET Q q 0 0 0 rg BT 295.10 165.50 Td (more. ) Tj ET Q q 0 0 0 rg BT 319.73 165.50 Td (They ) Tj ET Q q 0 0 0 rg BT 341.97 165.50 Td (address ) Tj ET Q q 0 0 0 rg BT 373.66 165.50 Td (the ) Tj ET Q q 0 0 0 rg BT 387.58 165.50 Td (possibility ) Tj ET Q q 0 0 0 rg BT 430.95 165.50 Td (that ) Tj ET Q q 0 0 0 rg BT 447.65 165.50 Td (a ) Tj ET Q q 0 0 0 rg BT 453.78 165.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 490.46 165.50 Td (obligation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 153.50 Td (will ) Tj ET Q q 0 0 0 rg BT 159.13 153.50 Td (not ) Tj ET Q q 0 0 0 rg BT 174.49 153.50 Td (be ) Tj ET Q q 0 0 0 rg BT 186.51 153.50 Td (honored ) Tj ET Q q 0 0 0 rg BT 221.85 153.50 Td (as ) Tj ET Q q 0 0 0 rg BT 232.76 153.50 Td (promised. ) Tj ET Q q 0 0 0 rg BT 275.06 153.50 Td (Moody) Tj ET Q q 0 0 0 rg BT 306.73 153.50 Td (s ) Tj ET Q q 0 0 0 rg BT 313.20 153.50 Td (short-term ) Tj ET Q q 0 0 0 rg BT 357.43 153.50 Td (ratings ) Tj ET Q q 0 0 0 rg BT 387.23 153.50 Td (are ) Tj ET Q q 0 0 0 rg BT 402.01 153.50 Td (opinions ) Tj ET Q q 0 0 0 rg BT 439.04 153.50 Td (of ) Tj ET Q q 0 0 0 rg BT 449.95 153.50 Td (the ) Tj ET Q q 0 0 0 rg BT 464.74 153.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 492.87 153.50 Td (of ) Tj ET Q q 0 0 0 rg BT 503.78 153.50 Td (issuers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 141.50 Td (to ) Tj ET Q q 0 0 0 rg BT 151.28 141.50 Td (honor ) Tj ET Q q 0 0 0 rg BT 177.11 141.50 Td (short-term ) Tj ET Q q 0 0 0 rg BT 221.26 141.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 258.74 141.50 Td (obligations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.00 125.00 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 141.00 125.00 Td (Fitch) Tj ET Q q 0 0 0 rg BT 164.33 125.00 Td (s ) Tj ET Q q 0 0 0 rg BT 171.31 125.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 209.38 125.00 Td (strength ) Tj ET Q q 0 0 0 rg BT 244.68 125.00 Td (ratings ) Tj ET Q q 0 0 0 rg BT 274.98 125.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 308.62 125.00 Td (an ) Tj ET Q q 0 0 0 rg BT 321.14 125.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 368.67 125.00 Td (of ) Tj ET Q q 0 0 0 rg BT 380.08 125.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.38 125.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 433.45 125.00 Td (strength ) Tj ET Q q 0 0 0 rg BT 468.75 125.00 Td (of ) Tj ET Q q 0 0 0 rg BT 480.17 125.00 Td (an ) Tj ET Q q 0 0 0 rg BT 492.69 125.00 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 113.00 Td (or) Tj ET Q q 0 0 0 rg BT 149.15 113.00 Td (ganization. ) Tj ET Q q 0 0 0 rg BT 196.76 113.00 Td (The ) Tj ET Q q 0 0 0 rg BT 216.05 113.00 Td (IFS ) Tj ET Q q 0 0 0 rg BT 234.23 113.00 Td (Rating ) Tj ET Q q 0 0 0 rg BT 264.63 113.00 Td (is ) Tj ET Q q 0 0 0 rg BT 275.04 113.00 Td (assigned ) Tj ET Q q 0 0 0 rg BT 313.21 113.00 Td (to ) Tj ET Q q 0 0 0 rg BT 324.72 113.00 Td (the ) Tj ET Q q 0 0 0 rg BT 340.67 113.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 382.72 113.00 Td (company) Tj ET Q q 0 0 0 rg BT 422.16 113.00 Td (s ) Tj ET Q q 0 0 0 rg BT 429.78 113.00 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 484.06 113.00 Td (obligations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 101.00 Td (including ) Tj ET Q q 0 0 0 rg BT 182.53 101.00 Td (assumed ) Tj ET Q q 0 0 0 rg BT 220.73 101.00 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 270.58 101.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 318.78 101.00 Td (and ) Tj ET Q q 0 0 0 rg BT 336.98 101.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 372.94 101.00 Td (holder ) Tj ET Q q 0 0 0 rg BT 402.25 101.00 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 452.96 101.00 Td (such ) Tj ET Q q 0 0 0 rg BT 475.05 101.00 Td (as ) Tj ET Q q 0 0 0 rg BT 487.14 101.00 Td (guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 89.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 187.44 89.00 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 228.41 89.00 Td (W) Tj ET Q q 0 0 0 rg BT 237.45 89.00 Td (ithin ) Tj ET Q q 0 0 0 rg BT 258.35 89.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 300.34 89.00 Td (and ) Tj ET Q q 0 0 0 rg BT 317.34 89.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 361.56 89.00 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 393.83 89.00 Td (a ) Tj ET Q q 0 0 0 rg BT 400.83 89.00 Td (+ ) Tj ET Q q 0 0 0 rg BT 417.91 89.00 Td (or ) Tj ET Q q 0 0 0 rg BT 428.80 89.00 Td (a ) Tj ET Q q 0 0 0 rg BT 435.80 89.00 Td (- ) Tj ET Q q 0 0 0 rg BT 450.57 89.00 Td (may ) Tj ET Q q 0 0 0 rg BT 470.35 89.00 Td (be ) Tj ET Q q 0 0 0 rg BT 482.35 89.00 Td (appended ) Tj ET Q q 0 0 0 rg BT 523.22 89.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 77.00 Td (a ) Tj ET Q q 0 0 0 rg BT 147.94 77.00 Td (rating ) Tj ET Q q 0 0 0 rg BT 173.76 77.00 Td (to ) Tj ET Q q 0 0 0 rg BT 184.04 77.00 Td (denote ) Tj ET Q q 0 0 0 rg BT 213.20 77.00 Td (relative ) Tj ET Q q 0 0 0 rg BT 245.68 77.00 Td (position ) Tj ET Q q 0 0 0 rg BT 280.40 77.00 Td (within ) Tj ET Q q 0 0 0 rg BT 308.46 77.00 Td (major ) Tj ET Q q 0 0 0 rg BT 334.29 77.00 Td (rating ) Tj ET Q q 0 0 0 rg BT 360.11 77.00 Td (categories. ) Tj ET Q endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 123.67 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.62 742.10 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 172.00 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.29 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.57 742.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 216.74 742.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 245.91 742.10 Td (could ) Tj ET Q q 0 0 0 rg BT 270.07 742.10 Td (af) Tj ET Q q 0 0 0 rg BT 277.66 742.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 294.60 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 309.88 742.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 337.39 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.12 742.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 367.95 742.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 409.89 742.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 429.06 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 448.79 742.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 472.96 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.35 742.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 111.32 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.64 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 137.52 730.10 Td (current ) Tj ET Q q 0 0 0 rg BT 168.38 730.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 190.64 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.63 730.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 254.18 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 259.22 730.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 284.54 730.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 319.84 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 335.72 730.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 354.37 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.25 730.10 Td (capital. ) Tj ET Q q 0 0 0 rg BT 396.94 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 407.82 730.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 445.64 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 452.62 730.10 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 499.59 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.47 730.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 110.34 718.10 Td (could ) Tj ET Q q 0 0 0 rg BT 134.68 718.10 Td (make ) Tj ET Q q 0 0 0 rg BT 158.47 718.10 Td (it ) Tj ET Q q 0 0 0 rg BT 166.15 718.10 Td (more ) Tj ET Q q 0 0 0 rg BT 188.82 718.10 Td (dif) Tj ET Q q 0 0 0 rg BT 199.75 718.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 222.98 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.88 718.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 253.88 718.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 282.66 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.56 718.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 331.88 718.10 Td (any ) Tj ET Q q 0 0 0 rg BT 348.44 718.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 386.67 718.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 406.02 718.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 455.08 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.99 718.10 Td (support ) Tj ET Q q 0 0 0 rg BT 497.11 718.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 110.78 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 119.44 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.22 706.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 173.98 706.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 222.64 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.53 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.75 706.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 284.19 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.97 706.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 328.74 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.40 706.10 Td (current ) Tj ET Q q 0 0 0 rg BT 372.17 706.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 408.59 706.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 442.26 706.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 470.92 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.70 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 495.47 706.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 121.81 694.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 171.52 694.10 Td (described ) Tj ET Q q 0 0 0 rg BT 212.32 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.59 694.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 245.63 694.10 Td (I ) Tj ET Q q 0 0 0 rg BT 251.45 694.10 Td (- ) Tj ET Q q 0 0 0 rg BT 257.27 694.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 278.09 694.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 288.08 694.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 326.14 694.10 Td (- ) Tj ET Q q 0 0 0 rg BT 331.96 694.10 Td (Ratings. ) Tj ET Q q 0 0 0 rg BT 371.40 694.10 Td (All ) Tj ET Q q 0 0 0 rg BT 386.67 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.49 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.31 694.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 443.02 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.72 694.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 488.53 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.80 694.10 Td (revision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.06 682.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 139.77 682.10 Td (at ) Tj ET Q q 0 0 0 rg BT 149.72 682.10 Td (any ) Tj ET Q q 0 0 0 rg BT 166.89 682.10 Td (time ) Tj ET Q q 0 0 0 rg BT 187.39 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 200.12 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.07 682.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 241.12 682.10 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 280.78 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.94 682.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 339.26 682.10 Td (no ) Tj ET Q q 0 0 0 rg BT 351.99 682.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 393.58 682.10 Td (can ) Tj ET Q q 0 0 0 rg BT 410.19 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 422.36 682.10 Td (given ) Tj ET Q q 0 0 0 rg BT 447.30 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 465.03 682.10 Td (we ) Tj ET Q q 0 0 0 rg BT 479.42 682.10 Td (can ) Tj ET Q q 0 0 0 rg BT 496.02 682.10 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 670.10 Td (these ) Tj ET Q q 0 0 0 rg BT 104.05 670.10 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 136.26 670.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 158.75 670.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 184.57 670.10 Td (should ) Tj ET Q q 0 0 0 rg BT 213.74 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 225.68 670.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 266.49 670.10 Td (independently ) Tj ET Q q 0 0 0 rg BT 325.64 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.47 670.10 Td (any ) Tj ET Q q 0 0 0 rg BT 353.41 670.10 Td (other ) Tj ET Q q 0 0 0 rg BT 376.46 670.10 Td (rating.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 646.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 90.63 646.10 Td (eferr) Tj ET Q q 0 0 0 rg BT 109.70 646.10 Td (ed Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 629.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 131.85 629.60 Td (our ) Tj ET Q q 0 0 0 rg BT 147.04 629.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 185.00 629.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.30 629.60 Td (restated ) Tj ET Q q 0 0 0 rg BT 234.26 629.60 Td (certificate ) Tj ET Q q 0 0 0 rg BT 276.08 629.60 Td (of ) Tj ET Q q 0 0 0 rg BT 286.27 629.60 Td (incorporation, ) Tj ET Q q 0 0 0 rg BT 344.51 629.60 Td (our ) Tj ET Q q 0 0 0 rg BT 359.70 629.60 Td (board ) Tj ET Q q 0 0 0 rg BT 384.33 629.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.52 629.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 431.37 629.60 Td (has ) Tj ET Q q 0 0 0 rg BT 446.56 629.60 Td (the ) Tj ET Q q 0 0 0 rg BT 460.64 629.60 Td (authority) Tj ET Q q 0 0 0 rg BT 496.09 629.60 Td (, ) Tj ET Q q 0 0 0 rg BT 500.46 629.60 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 617.60 Td (further ) Tj ET Q q 0 0 0 rg BT 110.73 617.60 Td (action ) Tj ET Q q 0 0 0 rg BT 137.68 617.60 Td (by ) Tj ET Q q 0 0 0 rg BT 150.21 617.60 Td (our ) Tj ET Q q 0 0 0 rg BT 166.06 617.60 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 221.62 617.60 Td (to ) Tj ET Q q 0 0 0 rg BT 231.92 617.60 Td (issue ) Tj ET Q q 0 0 0 rg BT 254.44 617.60 Td (up ) Tj ET Q q 0 0 0 rg BT 266.96 617.60 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.24 617.60 Td (50,000 ) Tj ET Q q 0 0 0 rg BT 307.26 617.60 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.37 617.60 Td ( ) Tj ET Q q 0 0 0 rg BT 345.89 617.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 373.40 617.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.26 617.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 423.41 617.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 447.04 617.60 Td (in ) Tj ET Q q 0 0 0 rg BT 457.35 617.60 Td (one ) Tj ET Q q 0 0 0 rg BT 474.31 617.60 Td (or ) Tj ET Q q 0 0 0 rg BT 485.16 617.60 Td (more ) Tj ET Q q 0 0 0 rg BT 508.23 617.60 Td (series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 605.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.07 605.60 Td (to ) Tj ET Q q 0 0 0 rg BT 108.48 605.60 Td (fix ) Tj ET Q q 0 0 0 rg BT 122.22 605.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.07 605.60 Td (designation, ) Tj ET Q q 0 0 0 rg BT 188.30 605.60 Td (powers, ) Tj ET Q q 0 0 0 rg BT 222.32 605.60 Td (preferences ) Tj ET Q q 0 0 0 rg BT 271.02 605.60 Td (and ) Tj ET Q q 0 0 0 rg BT 288.09 605.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.94 605.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 335.56 605.60 Td (participating, ) Tj ET Q q 0 0 0 rg BT 391.22 605.60 Td (optional ) Tj ET Q q 0 0 0 rg BT 426.63 605.60 Td (or ) Tj ET Q q 0 0 0 rg BT 437.59 605.60 Td (other ) Tj ET Q q 0 0 0 rg BT 460.77 605.60 Td (special ) Tj ET Q q 0 0 0 rg BT 491.17 605.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 516.58 605.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 593.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.45 593.60 Td (qualifications, ) Tj ET Q q 0 0 0 rg BT 154.61 593.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 199.62 593.60 Td (and ) Tj ET Q q 0 0 0 rg BT 216.28 593.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 262.95 593.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.51 593.60 Td (each ) Tj ET Q q 0 0 0 rg BT 294.05 593.60 Td (series, ) Tj ET Q q 0 0 0 rg BT 321.55 593.60 Td (including ) Tj ET Q q 0 0 0 rg BT 361.56 593.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 398.78 593.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 426.29 593.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 463.52 593.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 487.13 593.60 Td (conversion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 581.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 108.18 581.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 135.63 581.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 162.80 581.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 186.92 581.60 Td (of ) Tj ET Q q 0 0 0 rg BT 197.15 581.60 Td (redemption, ) Tj ET Q q 0 0 0 rg BT 247.08 581.60 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 292.31 581.60 Td (preferences ) Tj ET Q q 0 0 0 rg BT 340.28 581.60 Td (and ) Tj ET Q q 0 0 0 rg BT 356.62 581.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.73 581.60 Td (number ) Tj ET Q q 0 0 0 rg BT 403.18 581.60 Td (of ) Tj ET Q q 0 0 0 rg BT 413.40 581.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 440.29 581.60 Td (constituting ) Tj ET Q q 0 0 0 rg BT 489.41 581.60 Td (any ) Tj ET Q q 0 0 0 rg BT 505.74 581.60 Td (series. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 560.60 Td (Currently) Tj ET Q q 0 0 0 rg BT 142.68 560.60 Td (, ) Tj ET Q q 0 0 0 rg BT 148.04 560.60 Td (no ) Tj ET Q q 0 0 0 rg BT 160.90 560.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 188.75 560.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.94 560.60 Td (our ) Tj ET Q q 0 0 0 rg BT 216.13 560.60 Td (authorized ) Tj ET Q q 0 0 0 rg BT 261.20 560.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 300.69 560.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 324.66 560.60 Td (are ) Tj ET Q q 0 0 0 rg BT 339.73 560.60 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 391.76 560.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 427.93 560.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.01 560.60 Td (board ) Tj ET Q q 0 0 0 rg BT 468.64 560.60 Td (of ) Tj ET Q q 0 0 0 rg BT 479.83 560.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 517.68 560.60 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 548.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.14 548.60 Td (power ) Tj ET Q q 0 0 0 rg BT 122.05 548.60 Td (to ) Tj ET Q q 0 0 0 rg BT 131.75 548.60 Td (establish ) Tj ET Q q 0 0 0 rg BT 168.66 548.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.80 548.60 Td (preferences ) Tj ET Q q 0 0 0 rg BT 230.79 548.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.15 548.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 271.85 548.60 Td (of ) Tj ET Q q 0 0 0 rg BT 282.10 548.60 Td (the ) Tj ET Q q 0 0 0 rg BT 296.24 548.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 323.15 548.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.40 548.60 Td (any ) Tj ET Q q 0 0 0 rg BT 349.76 548.60 Td (series ) Tj ET Q q 0 0 0 rg BT 374.45 548.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.70 548.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 423.25 548.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 448.78 548.60 Td (it ) Tj ET Q q 0 0 0 rg BT 456.26 548.60 Td (may ) Tj ET Q q 0 0 0 rg BT 475.40 548.60 Td (af) Tj ET Q q 0 0 0 rg BT 482.99 548.60 Td (ford ) Tj ET Q q 0 0 0 rg BT 501.57 548.60 Td (holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 536.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.61 536.60 Td (any ) Tj ET Q q 0 0 0 rg BT 108.33 536.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 147.24 536.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 170.63 536.60 Td (preferences, ) Tj ET Q q 0 0 0 rg BT 221.48 536.60 Td (powers ) Tj ET Q q 0 0 0 rg BT 252.64 536.60 Td (and ) Tj ET Q q 0 0 0 rg BT 269.36 536.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 296.92 536.60 Td (including ) Tj ET Q q 0 0 0 rg BT 336.97 536.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 364.81 536.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.53 536.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 418.80 536.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 446.36 536.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 473.08 536.60 Td (to ) Tj ET Q q 0 0 0 rg BT 483.13 536.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.63 536.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 522.69 536.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 524.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 113.63 524.60 Td (of ) Tj ET Q q 0 0 0 rg BT 125.16 524.60 Td (our ) Tj ET Q q 0 0 0 rg BT 141.68 524.60 Td (common ) Tj ET Q q 0 0 0 rg BT 179.87 524.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 206.67 524.60 Td (which ) Tj ET Q q 0 0 0 rg BT 234.30 524.60 Td (could ) Tj ET Q q 0 0 0 rg BT 259.71 524.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 301.22 524.60 Td (af) Tj ET Q q 0 0 0 rg BT 308.81 524.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 326.99 524.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.40 524.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 375.03 524.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.55 524.60 Td (the ) Tj ET Q q 0 0 0 rg BT 401.96 524.60 Td (common ) Tj ET Q q 0 0 0 rg BT 440.15 524.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 464.45 524.60 Td (and ) Tj ET Q q 0 0 0 rg BT 482.08 524.60 Td (could ) Tj ET Q q 0 0 0 rg BT 507.49 524.60 Td (delay) Tj ET Q q 0 0 0 rg BT 528.50 524.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 512.60 Td (discourage ) Tj ET Q q 0 0 0 rg BT 127.60 512.60 Td (or ) Tj ET Q q 0 0 0 rg BT 139.22 512.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 172.49 512.60 Td (a ) Tj ET Q q 0 0 0 rg BT 180.21 512.60 Td (takeover ) Tj ET Q q 0 0 0 rg BT 217.92 512.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.54 512.60 Td (us ) Tj ET Q q 0 0 0 rg BT 241.72 512.60 Td (even ) Tj ET Q q 0 0 0 rg BT 263.88 512.60 Td (if ) Tj ET Q q 0 0 0 rg BT 273.28 512.60 Td (a ) Tj ET Q q 0 0 0 rg BT 281.00 512.60 Td (change ) Tj ET Q q 0 0 0 rg BT 312.60 512.60 Td (of ) Tj ET Q q 0 0 0 rg BT 324.22 512.60 Td (control ) Tj ET Q q 0 0 0 rg BT 355.83 512.60 Td (of ) Tj ET Q q 0 0 0 rg BT 367.45 512.60 Td (our ) Tj ET Q q 0 0 0 rg BT 384.06 512.60 Td (company ) Tj ET Q q 0 0 0 rg BT 424.00 512.60 Td (would ) Tj ET Q q 0 0 0 rg BT 452.29 512.60 Td (be ) Tj ET Q q 0 0 0 rg BT 465.01 512.60 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 507.72 512.60 Td (to ) Tj ET Q q 0 0 0 rg BT 518.78 512.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 500.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 116.83 500.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.66 500.60 Td (our ) Tj ET Q q 0 0 0 rg BT 143.49 500.60 Td (shareholders. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 475.10 Td (FHLB) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.00 475.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 458.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 458.60 Td (e ) Tj ET Q q 0 0 0 rg BT 119.72 458.60 Td (are ) Tj ET Q q 0 0 0 rg BT 133.57 458.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 171.31 458.60 Td (a ) Tj ET Q q 0 0 0 rg BT 177.39 458.60 Td (member ) Tj ET Q q 0 0 0 rg BT 211.79 458.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.77 458.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.63 458.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 267.26 458.60 Td (Home ) Tj ET Q q 0 0 0 rg BT 293.34 458.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 315.53 458.60 Td (Bank ) Tj ET Q q 0 0 0 rg BT 338.28 458.60 Td (of ) Tj ET Q q 0 0 0 rg BT 347.89 458.60 Td (Atlanta ) Tj ET Q q 0 0 0 rg BT 378.97 458.60 Td (\(FHLB\) ) Tj ET Q q 0 0 0 rg BT 421.71 458.60 Td (and ) Tj ET Q q 0 0 0 rg BT 437.79 458.60 Td (are ) Tj ET Q q 0 0 0 rg BT 451.64 458.60 Td (required ) Tj ET Q q 0 0 0 rg BT 486.60 458.60 Td (to ) Tj ET Q q 0 0 0 rg BT 496.02 458.60 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 446.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.24 446.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 126.24 446.60 Td (deposit ) Tj ET Q q 0 0 0 rg BT 156.93 446.60 Td (that ) Tj ET Q q 0 0 0 rg BT 173.73 446.60 Td (backs ) Tj ET Q q 0 0 0 rg BT 198.30 446.60 Td (any ) Tj ET Q q 0 0 0 rg BT 214.54 446.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 247.46 446.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 294.79 446.60 Td (issued. ) Tj ET Q q 0 0 0 rg BT 323.96 446.60 Td (W) Tj ET Q q 0 0 0 rg BT 332.60 446.60 Td (e ) Tj ET Q q 0 0 0 rg BT 338.84 446.60 Td (have ) Tj ET Q q 0 0 0 rg BT 359.52 446.60 Td (the ) Tj ET Q q 0 0 0 rg BT 373.54 446.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 400.90 446.60 Td (to ) Tj ET Q q 0 0 0 rg BT 410.48 446.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 437.28 446.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 470.19 446.60 Td (from ) Tj ET Q q 0 0 0 rg BT 491.43 446.60 Td (the ) Tj ET Q q 0 0 0 rg BT 505.45 446.60 Td (FHLB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 434.60 Td (based ) Tj ET Q q 0 0 0 rg BT 105.39 434.60 Td (on ) Tj ET Q q 0 0 0 rg BT 117.00 434.60 Td (a ) Tj ET Q q 0 0 0 rg BT 123.06 434.60 Td (percentage ) Tj ET Q q 0 0 0 rg BT 167.98 434.60 Td (of ) Tj ET Q q 0 0 0 rg BT 177.93 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.76 434.60 Td (value ) Tj ET Q q 0 0 0 rg BT 215.03 434.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.98 434.60 Td (our ) Tj ET Q q 0 0 0 rg BT 239.93 434.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 267.38 434.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 297.32 434.60 Td (to ) Tj ET Q q 0 0 0 rg BT 306.72 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 320.55 434.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 367.15 434.60 Td (of ) Tj ET Q q 0 0 0 rg BT 377.10 434.60 Td (eligible ) Tj ET Q q 0 0 0 rg BT 408.71 434.60 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 450.02 434.60 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 491.07 434.60 Td (is ) Tj ET Q q 0 0 0 rg BT 499.36 434.60 Td (pledged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 422.60 Td (based ) Tj ET Q q 0 0 0 rg BT 105.97 422.60 Td (on ) Tj ET Q q 0 0 0 rg BT 118.18 422.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.60 422.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 181.47 422.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 218.10 422.60 Td (of ) Tj ET Q q 0 0 0 rg BT 228.64 422.60 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 256.41 422.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 289.72 422.60 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 339.80 422.60 Td (The ) Tj ET Q q 0 0 0 rg BT 357.55 422.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 389.76 422.60 Td (of ) Tj ET Q q 0 0 0 rg BT 400.29 422.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 433.61 422.60 Td (varies ) Tj ET Q q 0 0 0 rg BT 459.69 422.60 Td (based ) Tj ET Q q 0 0 0 rg BT 484.66 422.60 Td (on ) Tj ET Q q 0 0 0 rg BT 496.87 422.60 Td (the ) Tj ET Q q 0 0 0 rg BT 511.29 422.60 Td (type, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 410.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 106.49 410.60 Td (and ) Tj ET Q q 0 0 0 rg BT 123.10 410.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 159.15 410.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.64 410.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.03 410.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 223.39 410.60 Td (posted ) Tj ET Q q 0 0 0 rg BT 251.67 410.60 Td (to ) Tj ET Q q 0 0 0 rg BT 261.61 410.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.00 410.60 Td (FHLB. ) Tj ET Q q 0 0 0 rg BT 306.22 410.60 Td (Generally) Tj ET Q q 0 0 0 rg BT 345.00 410.60 Td (, ) Tj ET Q q 0 0 0 rg BT 349.67 410.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 369.62 410.60 Td (government ) Tj ET Q q 0 0 0 rg BT 419.55 410.60 Td (agency ) Tj ET Q q 0 0 0 rg BT 450.03 410.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 473.30 410.60 Td (and ) Tj ET Q q 0 0 0 rg BT 489.91 410.60 Td (mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 398.60 Td (backed ) Tj ET Q q 0 0 0 rg BT 110.87 398.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 150.19 398.60 Td (are ) Tj ET Q q 0 0 0 rg BT 163.95 398.60 Td (pledged ) Tj ET Q q 0 0 0 rg BT 197.16 398.60 Td (to ) Tj ET Q q 0 0 0 rg BT 206.50 398.60 Td (the ) Tj ET Q q 0 0 0 rg BT 220.27 398.60 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 247.38 398.60 Td (as ) Tj ET Q q 0 0 0 rg BT 257.27 398.60 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 298.52 398.60 Td (Market ) Tj ET Q q 0 0 0 rg BT 328.95 398.60 Td (value ) Tj ET Q q 0 0 0 rg BT 352.16 398.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 400.93 398.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 437.48 398.60 Td (from ) Tj ET Q q 0 0 0 rg BT 458.48 398.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 492.24 398.60 Td (in ) Tj ET Q q 0 0 0 rg BT 501.57 398.60 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 386.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 104.62 386.60 Td (spreads ) Tj ET Q q 0 0 0 rg BT 136.86 386.60 Td (and ) Tj ET Q q 0 0 0 rg BT 153.55 386.60 Td (other ) Tj ET Q q 0 0 0 rg BT 176.34 386.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 193.59 386.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 223.04 386.60 Td (for ) Tj ET Q q 0 0 0 rg BT 236.95 386.60 Td (each ) Tj ET Q q 0 0 0 rg BT 257.52 386.60 Td (type ) Tj ET Q q 0 0 0 rg BT 276.98 386.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.56 386.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 309.24 386.60 Td (are ) Tj ET Q q 0 0 0 rg BT 323.70 386.60 Td (monitored ) Tj ET Q q 0 0 0 rg BT 367.05 386.60 Td (and ) Tj ET Q q 0 0 0 rg BT 383.74 386.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 425.97 386.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 465.42 386.60 Td (is ) Tj ET Q q 0 0 0 rg BT 474.34 386.60 Td (either ) Tj ET Q q 0 0 0 rg BT 499.35 386.60 Td (pledged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 374.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.83 374.60 Td (released ) Tj ET Q q 0 0 0 rg BT 127.08 374.60 Td (as ) Tj ET Q q 0 0 0 rg BT 137.91 374.60 Td (needed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 353.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.74 353.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 166.60 353.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 202.10 353.60 Td (under ) Tj ET Q q 0 0 0 rg BT 227.06 353.60 Td (these ) Tj ET Q q 0 0 0 rg BT 249.80 353.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 274.76 353.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 311.38 353.60 Td (does ) Tj ET Q q 0 0 0 rg BT 331.90 353.60 Td (not ) Tj ET Q q 0 0 0 rg BT 346.87 353.60 Td (have ) Tj ET Q q 0 0 0 rg BT 367.94 353.60 Td (an ) Tj ET Q q 0 0 0 rg BT 379.57 353.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 422.30 353.60 Td (date ) Tj ET Q q 0 0 0 rg BT 441.15 353.60 Td (as ) Tj ET Q q 0 0 0 rg BT 451.67 353.60 Td (long ) Tj ET Q q 0 0 0 rg BT 471.65 353.60 Td (as ) Tj ET Q q 0 0 0 rg BT 482.17 353.60 Td (we ) Tj ET Q q 0 0 0 rg BT 496.02 353.60 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 341.60 Td (a ) Tj ET Q q 0 0 0 rg BT 88.62 341.60 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 137.90 341.60 Td (level ) Tj ET Q q 0 0 0 rg BT 160.52 341.60 Td (of ) Tj ET Q q 0 0 0 rg BT 172.03 341.60 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 241.31 341.60 Td (based ) Tj ET Q q 0 0 0 rg BT 267.26 341.60 Td (on ) Tj ET Q q 0 0 0 rg BT 280.44 341.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.84 341.60 Td (FHLB) Tj ET Q q 0 0 0 rg BT 324.18 341.60 Td (s ) Tj ET Q q 0 0 0 rg BT 331.26 341.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 357.21 341.60 Td (assessment. ) Tj ET Q q 0 0 0 rg BT 406.63 341.60 Td (As ) Tj ET Q q 0 0 0 rg BT 420.92 341.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.44 341.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 493.38 341.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.38 341.60 Td ( ) Tj ET Q q 0 0 0 rg BT 516.57 341.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 329.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 329.60 Td (, ) Tj ET Q q 0 0 0 rg BT 106.91 329.60 Td (we ) Tj ET Q q 0 0 0 rg BT 121.98 329.60 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.83 329.60 Td ($584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.83 329.60 Td ( ) Tj ET Q q 0 0 0 rg BT 163.24 329.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.09 329.60 Td ($482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.09 329.60 Td ( ) Tj ET Q q 0 0 0 rg BT 204.50 329.60 Td (in ) Tj ET Q q 0 0 0 rg BT 215.68 329.60 Td (non-putable ) Tj ET Q q 0 0 0 rg BT 266.86 329.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 301.37 329.60 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 352.82 329.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 400.48 329.60 Td (, ) Tj ET Q q 0 0 0 rg BT 406.39 329.60 Td (included ) Tj ET Q q 0 0 0 rg BT 444.23 329.60 Td (under ) Tj ET Q q 0 0 0 rg BT 470.41 329.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 506.02 329.60 Td (owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 317.60 Td (account ) Tj ET Q q 0 0 0 rg BT 115.15 317.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 152.63 317.60 Td (on ) Tj ET Q q 0 0 0 rg BT 165.68 317.60 Td (our ) Tj ET Q q 0 0 0 rg BT 182.06 317.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 235.66 317.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 269.25 317.60 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 294.67 317.60 Td (As ) Tj ET Q q 0 0 0 rg BT 308.84 317.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.23 317.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 381.04 317.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.04 317.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.10 317.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.59 317.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.59 317.60 Td (, ) Tj ET Q q 0 0 0 rg BT 447.15 317.60 Td (we ) Tj ET Q q 0 0 0 rg BT 461.86 317.60 Td (had ) Tj ET Q q 0 0 0 rg BT 479.35 317.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 505.74 317.60 Td (with ) Tj ET Q q 0 0 0 rg BT 526.57 317.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 305.60 Td (market ) Tj ET Q q 0 0 0 rg BT 111.24 305.60 Td (value ) Tj ET Q q 0 0 0 rg BT 135.37 305.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.18 305.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.41 305.60 Td ($649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.41 305.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.89 305.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.80 305.60 Td ($524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.80 305.60 Td (, ) Tj ET Q q 0 0 0 rg BT 270.78 305.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 318.44 305.60 Td (, ) Tj ET Q q 0 0 0 rg BT 323.41 305.60 Td (which ) Tj ET Q q 0 0 0 rg BT 350.33 305.60 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 406.65 305.60 Td (the ) Tj ET Q q 0 0 0 rg BT 421.35 305.60 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 449.38 305.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 482.97 305.60 Td (agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 293.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 109.61 293.60 Td (pledged ) Tj ET Q q 0 0 0 rg BT 143.77 293.60 Td (to ) Tj ET Q q 0 0 0 rg BT 154.05 293.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.76 293.60 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 196.83 293.60 Td (are ) Tj ET Q q 0 0 0 rg BT 211.53 293.60 Td (included ) Tj ET Q q 0 0 0 rg BT 248.47 293.60 Td (in ) Tj ET Q q 0 0 0 rg BT 258.74 293.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 281.79 293.60 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 326.23 293.60 Td (AFS, ) Tj ET Q q 0 0 0 rg BT 349.57 293.60 Td (on ) Tj ET Q q 0 0 0 rg BT 362.07 293.60 Td (our ) Tj ET Q q 0 0 0 rg BT 377.90 293.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 430.95 293.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 463.98 293.60 Td (sheets. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 268.10 Td (Collateral-Derivative ) Tj ET Q q 0 0 0 rg BT 170.15 268.10 Td (Contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 251.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 132.89 251.60 Td (the ) Tj ET Q q 0 0 0 rg BT 148.01 251.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 173.13 251.60 Td (of ) Tj ET Q q 0 0 0 rg BT 184.37 251.60 Td (our ) Tj ET Q q 0 0 0 rg BT 200.60 251.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 223.38 251.60 Td ( ) Tj ET Q q 0 0 0 rg BT 226.28 251.60 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 277.22 251.60 Td (we ) Tj ET Q q 0 0 0 rg BT 291.78 251.60 Td (may ) Tj ET Q q 0 0 0 rg BT 311.90 251.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 343.67 251.60 Td (from, ) Tj ET Q q 0 0 0 rg BT 368.51 251.60 Td (or ) Tj ET Q q 0 0 0 rg BT 379.74 251.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 410.41 251.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 423.59 251.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 483.13 251.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 523.23 251.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 239.60 Td (assure ) Tj ET Q q 0 0 0 rg BT 108.62 239.60 Td (that ) Tj ET Q q 0 0 0 rg BT 126.25 239.60 Td (all ) Tj ET Q q 0 0 0 rg BT 138.88 239.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 163.73 239.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.70 239.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.55 239.60 Td (ISDA) Tj ET Q q 0 0 0 rg BT 212.33 239.60 Td ( ) Tj ET Q q 0 0 0 rg BT 214.97 239.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 263.13 239.60 Td (will ) Tj ET Q q 0 0 0 rg BT 281.32 239.60 Td (be ) Tj ET Q q 0 0 0 rg BT 293.40 239.60 Td (met ) Tj ET Q q 0 0 0 rg BT 311.03 239.60 Td (with ) Tj ET Q q 0 0 0 rg BT 331.44 239.60 Td (regard ) Tj ET Q q 0 0 0 rg BT 359.61 239.60 Td (to ) Tj ET Q q 0 0 0 rg BT 370.02 239.60 Td (the ) Tj ET Q q 0 0 0 rg BT 384.87 239.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 412.50 239.60 Td (Support ) Tj ET Q q 0 0 0 rg BT 446.23 239.60 Td (Annex ) Tj ET Q q 0 0 0 rg BT 475.52 239.60 Td (\(CSA\). ) Tj ET Q q 0 0 0 rg BT 515.46 239.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 227.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 105.02 227.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.16 227.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.18 227.60 Td (CSA) Tj ET Q q 0 0 0 rg BT 148.08 227.60 Td ( ) Tj ET Q q 0 0 0 rg BT 149.89 227.60 Td (call ) Tj ET Q q 0 0 0 rg BT 166.13 227.60 Td (for ) Tj ET Q q 0 0 0 rg BT 179.59 227.60 Td (us ) Tj ET Q q 0 0 0 rg BT 190.29 227.60 Td (to ) Tj ET Q q 0 0 0 rg BT 199.87 227.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 216.12 227.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.36 227.60 Td (on ) Tj ET Q q 0 0 0 rg BT 259.16 227.60 Td (any ) Tj ET Q q 0 0 0 rg BT 275.41 227.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 294.98 227.60 Td (received ) Tj ET Q q 0 0 0 rg BT 330.65 227.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 354.11 227.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.69 227.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.72 227.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 407.28 227.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 431.30 227.60 Td (rate. ) Tj ET Q q 0 0 0 rg BT 450.20 227.60 Td (As ) Tj ET Q q 0 0 0 rg BT 463.11 227.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.25 227.60 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 215.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 215.60 Td ( ) Tj ET Q q 0 0 0 rg BT 104.09 215.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.62 215.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.62 215.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.21 215.60 Td ($128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.21 215.60 Td ( ) Tj ET Q q 0 0 0 rg BT 170.30 215.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.83 215.60 Td ($7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.83 215.60 Td ( ) Tj ET Q q 0 0 0 rg BT 200.92 215.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 241.21 215.60 Td (was ) Tj ET Q q 0 0 0 rg BT 259.85 215.60 Td (posted ) Tj ET Q q 0 0 0 rg BT 289.05 215.60 Td (by ) Tj ET Q q 0 0 0 rg BT 302.14 215.60 Td (our ) Tj ET Q q 0 0 0 rg BT 318.56 215.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 378.29 215.60 Td (as ) Tj ET Q q 0 0 0 rg BT 389.72 215.60 Td (they ) Tj ET Q q 0 0 0 rg BT 410.02 215.60 Td (did ) Tj ET Q q 0 0 0 rg BT 425.89 215.60 Td (not ) Tj ET Q q 0 0 0 rg BT 441.76 215.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 464.29 215.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.59 215.60 Td (net ) Tj ET Q q 0 0 0 rg BT 494.90 215.60 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 203.60 Td (thresholds. ) Tj ET Q q 0 0 0 rg BT 127.64 203.60 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 170.09 203.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 225.33 203.60 Td (are ) Tj ET Q q 0 0 0 rg BT 240.56 203.60 Td (monitored ) Tj ET Q q 0 0 0 rg BT 284.69 203.60 Td (on ) Tj ET Q q 0 0 0 rg BT 297.72 203.60 Td (a ) Tj ET Q q 0 0 0 rg BT 305.19 203.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 328.21 203.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 351.24 203.60 Td (and ) Tj ET Q q 0 0 0 rg BT 368.71 203.60 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 417.27 203.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 452.51 203.60 Td (in ) Tj ET Q q 0 0 0 rg BT 463.31 203.60 Td (market ) Tj ET Q q 0 0 0 rg BT 494.11 203.60 Td (values ) Tj ET Q q 0 0 0 rg BT 522.68 203.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 191.60 Td (both ) Tj ET Q q 0 0 0 rg BT 101.97 191.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.39 191.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 164.45 191.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 199.85 191.60 Td (as ) Tj ET Q q 0 0 0 rg BT 211.38 191.60 Td (well ) Tj ET Q q 0 0 0 rg BT 231.79 191.60 Td (as ) Tj ET Q q 0 0 0 rg BT 243.32 191.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.73 191.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 299.12 191.60 Td (pledged. ) Tj ET Q q 0 0 0 rg BT 336.47 191.60 Td (Market ) Tj ET Q q 0 0 0 rg BT 368.55 191.60 Td (value ) Tj ET Q q 0 0 0 rg BT 393.40 191.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 443.81 191.60 Td (are ) Tj ET Q q 0 0 0 rg BT 459.21 191.60 Td (due ) Tj ET Q q 0 0 0 rg BT 476.84 191.60 Td (to ) Tj ET Q q 0 0 0 rg BT 487.82 191.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.22 191.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 179.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 112.93 179.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 136.81 179.60 Td (spreads ) Tj ET Q q 0 0 0 rg BT 169.30 179.60 Td (and ) Tj ET Q q 0 0 0 rg BT 186.24 179.60 Td (other ) Tj ET Q q 0 0 0 rg BT 209.29 179.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 226.79 179.60 Td (factors. ) Tj ET Q endstream endobj 175 0 obj <>] /Rotate 0 /Contents 176 0 R>> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (87) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Uses ) Tj ET Q q 0 0 0 rg BT 102.94 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.77 742.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 137.40 742.25 Td (Flow) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 725.75 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 131.83 725.75 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 709.25 Td (The ) Tj ET Q q 0 0 0 rg BT 122.93 709.25 Td (following ) Tj ET Q q 0 0 0 rg BT 164.20 709.25 Td (table ) Tj ET Q q 0 0 0 rg BT 186.01 709.25 Td (summarizes, ) Tj ET Q q 0 0 0 rg BT 238.66 709.25 Td (as ) Tj ET Q q 0 0 0 rg BT 249.37 709.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.08 709.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 320.23 709.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.23 709.25 Td (, ) Tj ET Q q 0 0 0 rg BT 345.11 709.25 Td (our ) Tj ET Q q 0 0 0 rg BT 360.82 709.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 407.62 709.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 454.45 709.25 Td (that ) Tj ET Q q 0 0 0 rg BT 471.82 709.25 Td (were ) Tj ET Q q 0 0 0 rg BT 493.63 709.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 516.56 709.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 697.25 Td (determinable ) Tj ET Q q 0 0 0 rg BT 135.70 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.64 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.35 697.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 208.18 697.25 Td (due ) Tj ET Q q 0 0 0 rg BT 225.12 697.25 Td (under ) Tj ET Q q 0 0 0 rg BT 250.38 697.25 Td (those ) Tj ET Q q 0 0 0 rg BT 273.99 697.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 320.94 697.25 Td (in ) Tj ET Q q 0 0 0 rg BT 331.21 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.93 697.25 Td (following ) Tj ET Q q 0 0 0 rg BT 387.32 697.25 Td (periods. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 644.75 155.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 644.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 644.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 644.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 644.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 644.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 644.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 616.75 155.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 616.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 616.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 616.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 616.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 616.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 616.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 588.75 155.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 588.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 588.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 588.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 588.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 588.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 588.75 54.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 665.75 m 294.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 665.75 m 299.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 665.75 m 353.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 665.75 m 357.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 665.75 m 411.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 665.75 m 415.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 665.75 m 469.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 665.75 m 473.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 665.75 m 527.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 644.75 m 294.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 644.75 m 353.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 644.75 m 411.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 644.75 m 469.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 644.75 m 527.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 644.75 m 294.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 644.75 m 353.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 644.75 m 411.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 644.75 m 469.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 644.75 m 527.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 574.75 m 294.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 561.75 m 294.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 559.75 m 294.5 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 574.75 m 353.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 561.75 m 353.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 559.75 m 353.5 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 574.75 m 411.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 561.75 m 411.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 559.75 m 411.5 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 574.75 m 469.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 561.75 m 469.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 559.75 m 469.5 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 574.75 m 527.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 561.75 m 527.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 559.75 m 527.5 559.75 l s BT /F1 4.00 Tf ET q 0 0 0 rg BT 84.00 669.13 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.05 669.98 Td (Payment Due by Fiscal Period \(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 648.98 Td (\(dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 258.25 647.730078125 m 275.73828125 647.730078125 l s q 0 0 0 rg BT 258.25 648.98 Td (T) Tj ET Q q 0 0 0 rg BT 262.85 648.98 Td (otal) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 318 647.730078125 m 334 647.730078125 l s q 0 0 0 rg BT 318.00 648.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 368.55 655.730078125 m 401.4484375 655.730078125 l s q 0 0 0 rg BT 368.55 656.98 Td (2018 and ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 376 647.730078125 m 392 647.730078125 l s q 0 0 0 rg BT 376.00 648.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 426.55 655.730078125 m 459.4484375 655.730078125 l s q 0 0 0 rg BT 426.55 656.98 Td (2020 and ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 434 647.730078125 m 450 647.730078125 l s q 0 0 0 rg BT 434.00 648.98 Td (2021) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 481.95 647.730078125 m 518.0125 647.730078125 l s q 0 0 0 rg BT 481.95 648.98 Td (After) Tj ET Q q 0 0 0 rg BT 500.01 648.98 Td ( 2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 635.00 Td (Annuity and universal life products \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.00 635.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.25 635.00 Td (29,781) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 635.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 635.00 Td (2,224) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 635.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.30 635.00 Td (4,391) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.00 635.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 635.00 Td (3,974) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.00 635.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.25 635.00 Td (19,192) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 621.00 Td (Operating leases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.30 621.00 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.30 621.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.30 621.00 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 621.00 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 621.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 607.00 Td (Debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.30 607.00 Td (300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 607.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 607.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.30 607.00 Td (300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 607.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 593.00 Td (Revolving credit facility) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.30 593.00 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 593.00 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 593.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 593.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 593.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 579.00 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 579.00 Td (95) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 579.00 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 579.00 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 579.00 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 579.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 564.98 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.00 565.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.25 565.00 Td (30,284) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 565.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 565.00 Td (2,345) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 565.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.30 565.00 Td (4,433) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.00 565.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 565.00 Td (4,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.00 565.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.25 565.00 Td (19,192) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 546.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 105.00 546.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 145.19 546.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 174.82 546.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.12 546.25 Td (this ) Tj ET Q q 0 0 0 rg BT 204.09 546.25 Td (table ) Tj ET Q q 0 0 0 rg BT 227.04 546.25 Td (are ) Tj ET Q q 0 0 0 rg BT 242.77 546.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 283.49 546.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 325.33 546.25 Td (through ) Tj ET Q q 0 0 0 rg BT 359.96 546.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.70 546.25 Td (year ) Tj ET Q q 0 0 0 rg BT 396.42 546.25 Td (2030 ) Tj ET Q q 0 0 0 rg BT 419.94 546.25 Td (which ) Tj ET Q q 0 0 0 rg BT 447.90 546.25 Td (we ) Tj ET Q q 0 0 0 rg BT 463.08 546.25 Td (are ) Tj ET Q q 0 0 0 rg BT 478.81 546.25 Td (contractually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 534.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 144.38 534.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.32 534.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 170.93 534.25 Td (our ) Tj ET Q q 0 0 0 rg BT 186.43 534.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 218.59 534.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.19 534.25 Td (IUL) Tj ET Q q 0 0 0 rg BT 251.48 534.25 Td ( ) Tj ET Q q 0 0 0 rg BT 253.65 534.25 Td (policyholders. ) Tj ET Q q 0 0 0 rg BT 312.59 534.25 Td (The ) Tj ET Q q 0 0 0 rg BT 330.31 534.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 370.80 534.25 Td (are ) Tj ET Q q 0 0 0 rg BT 385.17 534.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 417.33 534.25 Td (from ) Tj ET Q q 0 0 0 rg BT 438.93 534.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 475.52 534.25 Td (models ) Tj ET Q q 0 0 0 rg BT 506.57 534.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 522.25 Td (assume ) Tj ET Q q 0 0 0 rg BT 136.56 522.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.13 522.25 Td (level ) Tj ET Q q 0 0 0 rg BT 164.69 522.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 196.25 522.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 213.36 522.25 Td (scenario ) Tj ET Q q 0 0 0 rg BT 248.80 522.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.36 522.25 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 313.02 522.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 364.59 522.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 405.03 522.25 Td (mortality ) Tj ET Q q 0 0 0 rg BT 443.82 522.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.38 522.25 Td (persistency) Tj ET Q q 0 0 0 rg BT 504.72 522.25 Td (, ) Tj ET Q q 0 0 0 rg BT 509.35 522.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 510.25 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 150.91 510.25 Td (These ) Tj ET Q q 0 0 0 rg BT 177.29 510.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 229.23 510.25 Td (are ) Tj ET Q q 0 0 0 rg BT 243.94 510.25 Td (based ) Tj ET Q q 0 0 0 rg BT 269.21 510.25 Td (on ) Tj ET Q q 0 0 0 rg BT 281.71 510.25 Td (our ) Tj ET Q q 0 0 0 rg BT 297.54 510.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 337.25 510.25 Td (experience, ) Tj ET Q q 0 0 0 rg BT 385.55 510.25 Td (but ) Tj ET Q q 0 0 0 rg BT 400.83 510.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 427.20 510.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 463.59 510.25 Td (will ) Tj ET Q q 0 0 0 rg BT 481.65 510.25 Td (dif) Tj ET Q q 0 0 0 rg BT 492.57 510.25 Td (fer) Tj ET Q q 0 0 0 rg BT 503.12 510.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 486.25 Td (Return of Capital to Common Stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 468.25 Td (One ) Tj ET Q q 0 0 0 rg BT 122.03 468.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.73 468.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.32 468.25 Td (Company) Tj ET Q q 0 0 0 rg BT 188.99 468.25 Td (s ) Tj ET Q q 0 0 0 rg BT 195.25 468.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 229.28 468.25 Td (goals ) Tj ET Q q 0 0 0 rg BT 252.76 468.25 Td (is ) Tj ET Q q 0 0 0 rg BT 261.80 468.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.95 468.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 304.87 468.25 Td (a ) Tj ET Q q 0 0 0 rg BT 311.68 468.25 Td (return ) Tj ET Q q 0 0 0 rg BT 337.93 468.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.08 468.25 Td (our ) Tj ET Q q 0 0 0 rg BT 363.78 468.25 Td (common ) Tj ET Q q 0 0 0 rg BT 401.15 468.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 454.07 468.25 Td (through ) Tj ET Q q 0 0 0 rg BT 487.55 468.25 Td (share ) Tj ET Q q 0 0 0 rg BT 511.02 468.25 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 456.25 Td (accretion, ) Tj ET Q q 0 0 0 rg BT 125.56 456.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 169.86 456.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.71 456.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 216.23 456.25 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 271.35 456.25 Td (In ) Tj ET Q q 0 0 0 rg BT 285.09 456.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 338.83 456.25 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 385.63 456.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.26 456.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 433.11 456.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.86 456.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 489.48 456.25 Td (takes ) Tj ET Q q 0 0 0 rg BT 515.44 456.25 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 139.29 444.25 Td (items ) Tj ET Q q 0 0 0 rg BT 165.36 444.25 Td (such ) Tj ET Q q 0 0 0 rg BT 188.11 444.25 Td (as ) Tj ET Q q 0 0 0 rg BT 200.85 444.25 Td (current ) Tj ET Q q 0 0 0 rg BT 233.58 444.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.43 444.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 292.38 444.25 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 333.17 444.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 364.23 444.25 Td (needs, ) Tj ET Q q 0 0 0 rg BT 393.92 444.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 421.65 444.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 454.38 444.25 Td (considerations ) Tj ET Q q 0 0 0 rg BT 516.56 444.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 136.05 432.25 Td (for ) Tj ET Q q 0 0 0 rg BT 150.55 432.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 188.38 432.25 Td (flexibility) Tj ET Q q 0 0 0 rg BT 227.17 432.25 Td (. ) Tj ET Q q 0 0 0 rg BT 232.31 432.25 Td (The ) Tj ET Q q 0 0 0 rg BT 250.70 432.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 283.54 432.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.83 432.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 329.79 432.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.96 432.25 Td (share ) Tj ET Q q 0 0 0 rg BT 364.91 432.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 411.06 432.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 446.67 432.25 Td (on ) Tj ET Q q 0 0 0 rg BT 459.52 432.25 Td (key ) Tj ET Q q 0 0 0 rg BT 476.80 432.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 506.30 432.25 Td (ratios, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 420.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 106.58 420.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 137.14 420.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 191.87 420.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.34 420.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 250.79 420.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.37 420.25 Td (free ) Tj ET Q q 0 0 0 rg BT 279.16 420.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.18 420.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 319.76 420.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.44 420.25 Td (an ) Tj ET Q q 0 0 0 rg BT 348.13 420.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 392.03 420.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.61 420.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.08 420.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 439.33 420.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.02 420.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 489.92 420.25 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.25 Td (with ) Tj ET Q q 0 0 0 rg BT 101.28 408.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 145.98 408.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 165.70 408.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.53 408.25 Td (capital. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 384.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 384.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.70 384.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 151.95 384.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.95 384.25 Td (, ) Tj ET Q q 0 0 0 rg BT 175.82 384.25 Td (four ) Tj ET Q q 0 0 0 rg BT 193.85 384.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 216.87 384.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 253.23 384.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 292.92 384.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.62 384.25 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.62 384.25 Td ( ) Tj ET Q q 0 0 0 rg BT 313.99 384.25 Td (were ) Tj ET Q q 0 0 0 rg BT 334.78 384.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 353.37 384.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.51 384.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 414.42 384.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 462.45 384.25 Td (during ) Tj ET Q q 0 0 0 rg BT 489.92 384.25 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 372.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 105.93 372.25 Td (March ) Tj ET Q q 0 0 0 rg BT 134.45 372.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 159.38 372.25 Td (May ) Tj ET Q q 0 0 0 rg BT 180.14 372.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 205.06 372.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.39 372.25 Td (August ) Tj ET Q q 0 0 0 rg BT 252.71 372.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 277.64 372.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.39 372.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 314.71 372.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.71 372.25 Td (,four ) Tj ET Q q 0 0 0 rg BT 356.29 372.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 380.38 372.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 417.80 372.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 458.55 372.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.31 372.25 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.31 372.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.73 372.25 Td (were ) Tj ET Q q 0 0 0 rg BT 503.59 372.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 523.23 372.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 133.36 360.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 181.84 360.25 Td (during ) Tj ET Q q 0 0 0 rg BT 209.77 360.25 Td (December ) Tj ET Q q 0 0 0 rg BT 252.68 360.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 277.00 360.25 Td (March ) Tj ET Q q 0 0 0 rg BT 304.92 360.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 329.24 360.25 Td (May ) Tj ET Q q 0 0 0 rg BT 349.39 360.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 373.71 360.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.56 360.25 Td (August ) Tj ET Q q 0 0 0 rg BT 420.27 360.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 444.60 360.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 470.30 360.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 492.12 360.25 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 348.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 121.74 348.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.59 348.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.55 348.25 Td (special ) Tj ET Q q 0 0 0 rg BT 172.84 348.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 211.35 348.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 232.09 348.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.39 348.25 Td (HRG ) Tj ET Q q 0 0 0 rg BT 268.03 348.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.33 348.25 Td (December ) Tj ET Q q 0 0 0 rg BT 323.93 348.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 347.46 348.25 Td (at ) Tj ET Q q 0 0 0 rg BT 358.20 348.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.93 348.25 Td (time ) Tj ET Q q 0 0 0 rg BT 395.23 348.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.08 348.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.82 348.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 470.92 348.25 Td (IPO, ) Tj ET Q q 0 0 0 rg BT 493.06 348.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.02 348.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 336.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 121.80 336.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 140.94 336.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.64 336.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 203.09 336.25 Td (during ) Tj ET Q q 0 0 0 rg BT 231.12 336.25 Td (March ) Tj ET Q q 0 0 0 rg BT 259.13 336.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 283.55 336.25 Td (May ) Tj ET Q q 0 0 0 rg BT 303.80 336.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 328.22 336.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.15 336.25 Td (August ) Tj ET Q q 0 0 0 rg BT 374.96 336.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 399.24 336.25 Td (W) Tj ET Q q 0 0 0 rg BT 407.88 336.25 Td (e ) Tj ET Q q 0 0 0 rg BT 414.23 336.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 441.15 336.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.84 336.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 487.19 336.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.89 336.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 513.25 336.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 324.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 121.91 324.25 Td (on ) Tj ET Q q 0 0 0 rg BT 133.92 324.25 Td (such ) Tj ET Q q 0 0 0 rg BT 154.27 324.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 181.28 324.25 Td (so ) Tj ET Q q 0 0 0 rg BT 192.19 324.25 Td (long ) Tj ET Q q 0 0 0 rg BT 211.99 324.25 Td (as ) Tj ET Q q 0 0 0 rg BT 222.34 324.25 Td (we ) Tj ET Q q 0 0 0 rg BT 236.02 324.25 Td (have ) Tj ET Q q 0 0 0 rg BT 256.92 324.25 Td (suf) Tj ET Q q 0 0 0 rg BT 268.96 324.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 296.52 324.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.19 324.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 352.75 324.25 Td (future ) Tj ET Q q 0 0 0 rg BT 378.65 324.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 414.54 324.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.34 324.25 Td (do ) Tj ET Q q 0 0 0 rg BT 436.36 324.25 Td (so, ) Tj ET Q q 0 0 0 rg BT 449.77 324.25 Td (while ) Tj ET Q q 0 0 0 rg BT 474.01 324.25 Td (retaining ) Tj ET Q q 0 0 0 rg BT 511.57 324.25 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 312.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 312.25 Td (our ) Tj ET Q q 0 0 0 rg BT 107.66 312.25 Td (future ) Tj ET Q q 0 0 0 rg BT 134.04 312.25 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 172.91 312.25 Td (if ) Tj ET Q q 0 0 0 rg BT 181.52 312.25 Td (any) Tj ET Q q 0 0 0 rg BT 195.31 312.25 Td (, ) Tj ET Q q 0 0 0 rg BT 200.31 312.25 Td (for ) Tj ET Q q 0 0 0 rg BT 214.47 312.25 Td (use ) Tj ET Q q 0 0 0 rg BT 230.30 312.25 Td (in ) Tj ET Q q 0 0 0 rg BT 240.58 312.25 Td (our ) Tj ET Q q 0 0 0 rg BT 256.41 312.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 300.57 312.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.50 312.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.22 312.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 375.27 312.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.10 312.25 Td (our ) Tj ET Q q 0 0 0 rg BT 401.93 312.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 288.25 Td (On ) Tj ET Q q 0 0 0 rg BT 117.74 288.25 Td (September ) Tj ET Q q 0 0 0 rg BT 163.03 288.25 Td (2, ) Tj ET Q q 0 0 0 rg BT 173.05 288.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 198.07 288.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.81 288.25 Td (Company) Tj ET Q q 0 0 0 rg BT 254.47 288.25 Td (s ) Tj ET Q q 0 0 0 rg BT 260.88 288.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 287.84 288.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.70 288.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 338.42 288.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 383.15 288.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.88 288.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 443.71 288.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.56 288.25 Td (up ) Tj ET Q q 0 0 0 rg BT 467.08 288.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.38 288.25 Td (500 ) Tj ET Q q 0 0 0 rg BT 494.90 288.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 276.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 108.51 276.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.37 276.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.11 276.25 Td (Company) Tj ET Q q 0 0 0 rg BT 175.77 276.25 Td (s ) Tj ET Q q 0 0 0 rg BT 182.19 276.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 231.38 276.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 258.89 276.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.74 276.25 Td (common ) Tj ET Q q 0 0 0 rg BT 307.26 276.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 330.89 276.25 Td (over ) Tj ET Q q 0 0 0 rg BT 351.19 276.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.93 276.25 Td (next ) Tj ET Q q 0 0 0 rg BT 385.67 276.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 414.84 276.25 Td (months. ) Tj ET Q q 0 0 0 rg BT 448.76 276.25 Td (As ) Tj ET Q q 0 0 0 rg BT 462.40 276.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.25 276.25 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 264.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 264.25 Td (, ) Tj ET Q q 0 0 0 rg BT 105.65 264.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.02 264.25 Td (share ) Tj ET Q q 0 0 0 rg BT 143.28 264.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 188.73 264.25 Td (program ) Tj ET Q q 0 0 0 rg BT 224.76 264.25 Td (has ) Tj ET Q q 0 0 0 rg BT 240.25 264.25 Td (been ) Tj ET Q q 0 0 0 rg BT 261.28 264.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 305.08 264.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.67 264.25 Td (a ) Tj ET Q q 0 0 0 rg BT 328.27 264.25 Td (total ) Tj ET Q q 0 0 0 rg BT 348.19 264.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.68 264.25 Td (537 ) Tj ET Q q 0 0 0 rg BT 375.83 264.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.94 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 414.09 264.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 441.23 264.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.72 264.25 Td (common ) Tj ET Q q 0 0 0 rg BT 488.87 264.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 512.13 264.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 252.25 Td (been ) Tj ET Q q 0 0 0 rg BT 102.86 252.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 154.15 252.25 Td (at ) Tj ET Q q 0 0 0 rg BT 164.35 252.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 183.45 252.25 Td (for ) Tj ET Q q 0 0 0 rg BT 198.09 252.25 Td (a ) Tj ET Q q 0 0 0 rg BT 205.52 252.25 Td (total ) Tj ET Q q 0 0 0 rg BT 226.27 252.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 245.37 252.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.68 252.25 Td ($12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.68 252.25 Td (, ) Tj ET Q q 0 0 0 rg BT 277.17 252.25 Td (which ) Tj ET Q q 0 0 0 rg BT 304.59 252.25 Td (are ) Tj ET Q q 0 0 0 rg BT 319.78 252.25 Td (held ) Tj ET Q q 0 0 0 rg BT 339.98 252.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.75 252.25 Td (treasury) Tj ET Q q 0 0 0 rg BT 382.30 252.25 Td (, ) Tj ET Q q 0 0 0 rg BT 387.79 252.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.10 252.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.53 252.25 Td (500 ) Tj ET Q q 0 0 0 rg BT 444.51 252.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.62 252.25 Td ( ) Tj ET Q q 0 0 0 rg BT 483.61 252.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 511.58 252.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 240.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 119.74 240.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.83 240.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.35 240.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 195.96 240.25 Td (program ) Tj ET Q q 0 0 0 rg BT 234.14 240.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.89 240.25 Td (37 ) Tj ET Q q 0 0 0 rg BT 267.19 240.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.30 240.25 Td ( ) Tj ET Q q 0 0 0 rg BT 307.61 240.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 336.90 240.25 Td (were ) Tj ET Q q 0 0 0 rg BT 360.64 240.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 399.37 240.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.45 240.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 441.87 240.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 485.04 240.25 Td (income ) Tj ET Q q 0 0 0 rg BT 518.78 240.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 228.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 131.83 228.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 168.77 228.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.05 228.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.77 228.25 Td (Company) Tj ET Q q 0 0 0 rg BT 235.43 228.25 Td (s ) Tj ET Q q 0 0 0 rg BT 241.83 228.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 265.43 228.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 323.48 228.25 Td (plan.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 201.85 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 132.37 201.85 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 156.35 201.85 Td (Arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 182.85 Td (Throughout ) Tj ET Q q 0 0 0 rg BT 153.47 182.85 Td (our ) Tj ET Q q 0 0 0 rg BT 169.55 182.85 Td (history) Tj ET Q q 0 0 0 rg BT 196.68 182.85 Td (, ) Tj ET Q q 0 0 0 rg BT 201.94 182.85 Td (we ) Tj ET Q q 0 0 0 rg BT 216.35 182.85 Td (have ) Tj ET Q q 0 0 0 rg BT 237.98 182.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 270.16 182.85 Td (into ) Tj ET Q q 0 0 0 rg BT 288.47 182.85 Td (indemnifications ) Tj ET Q q 0 0 0 rg BT 358.43 182.85 Td (in ) Tj ET Q q 0 0 0 rg BT 368.96 182.85 Td (the ) Tj ET Q q 0 0 0 rg BT 383.93 182.85 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 420.57 182.85 Td (course ) Tj ET Q q 0 0 0 rg BT 449.42 182.85 Td (of ) Tj ET Q q 0 0 0 rg BT 460.50 182.85 Td (business ) Tj ET Q q 0 0 0 rg BT 497.15 182.85 Td (with ) Tj ET Q q 0 0 0 rg BT 517.68 182.85 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 170.85 Td (customers, ) Tj ET Q q 0 0 0 rg BT 127.92 170.85 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 170.41 170.85 Td (service ) Tj ET Q q 0 0 0 rg BT 202.60 170.85 Td (providers, ) Tj ET Q q 0 0 0 rg BT 246.74 170.85 Td (business ) Tj ET Q q 0 0 0 rg BT 284.51 170.85 Td (partners ) Tj ET Q q 0 0 0 rg BT 320.59 170.85 Td (and ) Tj ET Q q 0 0 0 rg BT 338.90 170.85 Td (in ) Tj ET Q q 0 0 0 rg BT 350.55 170.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 381.63 170.85 Td (instances, ) Tj ET Q q 0 0 0 rg BT 424.66 170.85 Td (when ) Tj ET Q q 0 0 0 rg BT 450.20 170.85 Td (we ) Tj ET Q q 0 0 0 rg BT 465.73 170.85 Td (sold ) Tj ET Q q 0 0 0 rg BT 486.28 170.85 Td (businesses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 158.85 Td (Additionally) Tj ET Q q 0 0 0 rg BT 130.90 158.85 Td (, ) Tj ET Q q 0 0 0 rg BT 136.84 158.85 Td (we ) Tj ET Q q 0 0 0 rg BT 151.94 158.85 Td (have ) Tj ET Q q 0 0 0 rg BT 174.26 158.85 Td (indemnified ) Tj ET Q q 0 0 0 rg BT 226.02 158.85 Td (our ) Tj ET Q q 0 0 0 rg BT 242.79 158.85 Td (directors ) Tj ET Q q 0 0 0 rg BT 281.21 158.85 Td (and ) Tj ET Q q 0 0 0 rg BT 299.09 158.85 Td (of) Tj ET Q q 0 0 0 rg BT 307.24 158.85 Td (ficers ) Tj ET Q q 0 0 0 rg BT 332.89 158.85 Td (who ) Tj ET Q q 0 0 0 rg BT 353.55 158.85 Td (are, ) Tj ET Q q 0 0 0 rg BT 371.70 158.85 Td (or ) Tj ET Q q 0 0 0 rg BT 383.47 158.85 Td (were, ) Tj ET Q q 0 0 0 rg BT 408.84 158.85 Td (serving ) Tj ET Q q 0 0 0 rg BT 441.72 158.85 Td (at ) Tj ET Q q 0 0 0 rg BT 452.37 158.85 Td (our ) Tj ET Q q 0 0 0 rg BT 469.14 158.85 Td (request ) Tj ET Q q 0 0 0 rg BT 501.46 158.85 Td (in ) Tj ET Q q 0 0 0 rg BT 512.68 158.85 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.85 Td (capacities. ) Tj ET Q q 0 0 0 rg BT 124.33 146.85 Td (Although ) Tj ET Q q 0 0 0 rg BT 163.92 146.85 Td (the ) Tj ET Q q 0 0 0 rg BT 177.95 146.85 Td (specific ) Tj ET Q q 0 0 0 rg BT 210.86 146.85 Td (terms ) Tj ET Q q 0 0 0 rg BT 234.89 146.85 Td (or ) Tj ET Q q 0 0 0 rg BT 245.03 146.85 Td (number ) Tj ET Q q 0 0 0 rg BT 277.39 146.85 Td (of ) Tj ET Q q 0 0 0 rg BT 287.54 146.85 Td (such ) Tj ET Q q 0 0 0 rg BT 307.68 146.85 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 363.35 146.85 Td (is ) Tj ET Q q 0 0 0 rg BT 371.84 146.85 Td (not ) Tj ET Q q 0 0 0 rg BT 386.43 146.85 Td (precisely ) Tj ET Q q 0 0 0 rg BT 424.33 146.85 Td (known ) Tj ET Q q 0 0 0 rg BT 453.37 146.85 Td (due ) Tj ET Q q 0 0 0 rg BT 469.62 146.85 Td (to ) Tj ET Q q 0 0 0 rg BT 479.21 146.85 Td (the ) Tj ET Q q 0 0 0 rg BT 493.24 146.85 Td (extensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 134.85 Td (history ) Tj ET Q q 0 0 0 rg BT 110.31 134.85 Td (of ) Tj ET Q q 0 0 0 rg BT 120.17 134.85 Td (our ) Tj ET Q q 0 0 0 rg BT 135.02 134.85 Td (past ) Tj ET Q q 0 0 0 rg BT 152.66 134.85 Td (operations, ) Tj ET Q q 0 0 0 rg BT 198.34 134.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 219.87 134.85 Td (incurred ) Tj ET Q q 0 0 0 rg BT 254.72 134.85 Td (to ) Tj ET Q q 0 0 0 rg BT 264.02 134.85 Td (settle ) Tj ET Q q 0 0 0 rg BT 286.65 134.85 Td (claims ) Tj ET Q q 0 0 0 rg BT 314.29 134.85 Td (related ) Tj ET Q q 0 0 0 rg BT 343.02 134.85 Td (to ) Tj ET Q q 0 0 0 rg BT 352.32 134.85 Td (these ) Tj ET Q q 0 0 0 rg BT 374.40 134.85 Td (indemnifications ) Tj ET Q q 0 0 0 rg BT 443.13 134.85 Td (have ) Tj ET Q q 0 0 0 rg BT 463.54 134.85 Td (not ) Tj ET Q q 0 0 0 rg BT 477.85 134.85 Td (been ) Tj ET Q q 0 0 0 rg BT 498.25 134.85 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 122.85 Td (to ) Tj ET Q q 0 0 0 rg BT 91.69 122.85 Td (our ) Tj ET Q q 0 0 0 rg BT 107.93 122.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.83 122.85 Td (statements. ) Tj ET Q q 0 0 0 rg BT 193.24 122.85 Td (W) Tj ET Q q 0 0 0 rg BT 201.88 122.85 Td (e ) Tj ET Q q 0 0 0 rg BT 209.23 122.85 Td (have ) Tj ET Q q 0 0 0 rg BT 231.02 122.85 Td (no ) Tj ET Q q 0 0 0 rg BT 243.93 122.85 Td (reason ) Tj ET Q q 0 0 0 rg BT 272.94 122.85 Td (to ) Tj ET Q q 0 0 0 rg BT 283.63 122.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 315.42 122.85 Td (that ) Tj ET Q q 0 0 0 rg BT 333.33 122.85 Td (future ) Tj ET Q q 0 0 0 rg BT 360.12 122.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 383.03 122.85 Td (to ) Tj ET Q q 0 0 0 rg BT 393.72 122.85 Td (settle ) Tj ET Q q 0 0 0 rg BT 417.74 122.85 Td (claims ) Tj ET Q q 0 0 0 rg BT 446.75 122.85 Td (related ) Tj ET Q q 0 0 0 rg BT 476.87 122.85 Td (to ) Tj ET Q q 0 0 0 rg BT 487.56 122.85 Td (our ) Tj ET Q q 0 0 0 rg BT 503.80 122.85 Td (former ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 110.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 125.16 110.85 Td (will ) Tj ET Q q 0 0 0 rg BT 143.21 110.85 Td (have ) Tj ET Q q 0 0 0 rg BT 164.59 110.85 Td (a ) Tj ET Q q 0 0 0 rg BT 171.53 110.85 Td (material ) Tj ET Q q 0 0 0 rg BT 206.79 110.85 Td (impact ) Tj ET Q q 0 0 0 rg BT 236.50 110.85 Td (on ) Tj ET Q q 0 0 0 rg BT 249.00 110.85 Td (our ) Tj ET Q q 0 0 0 rg BT 264.83 110.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.31 110.85 Td (position, ) Tj ET Q q 0 0 0 rg BT 339.54 110.85 Td (results ) Tj ET Q q 0 0 0 rg BT 368.14 110.85 Td (of ) Tj ET Q q 0 0 0 rg BT 378.97 110.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 423.13 110.85 Td (or ) Tj ET Q q 0 0 0 rg BT 433.96 110.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.23 110.85 Td (flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 98.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 86.85 Td (The ) Tj ET Q q 0 0 0 rg BT 123.48 86.85 Td (F&G ) Tj ET Q q 0 0 0 rg BT 148.48 86.85 Td (Stock ) Tj ET Q q 0 0 0 rg BT 175.69 86.85 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 215.24 86.85 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 264.10 86.85 Td (between ) Tj ET Q q 0 0 0 rg BT 301.85 86.85 Td (FGL) Tj ET Q q 0 0 0 rg BT 320.37 86.85 Td ( ) Tj ET Q q 0 0 0 rg BT 324.80 86.85 Td (\(previously) Tj ET Q q 0 0 0 rg BT 369.70 86.85 Td (, ) Tj ET Q q 0 0 0 rg BT 376.63 86.85 Td (HFG\) ) Tj ET Q q 0 0 0 rg BT 404.40 86.85 Td (and ) Tj ET Q q 0 0 0 rg BT 423.27 86.85 Td (OM ) Tj ET Q q 0 0 0 rg BT 443.82 86.85 Td (Group ) Tj ET Q q 0 0 0 rg BT 473.81 86.85 Td (\(UK\) ) Tj ET Q q 0 0 0 rg BT 499.34 86.85 Td (Limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 74.85 Td (\(OMGUK\) ) Tj ET Q q 0 0 0 rg BT 136.21 74.85 Td (included ) Tj ET Q q 0 0 0 rg BT 172.54 74.85 Td (a ) Tj ET Q q 0 0 0 rg BT 178.87 74.85 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 221.85 74.85 Td (and ) Tj ET Q q 0 0 0 rg BT 238.18 74.85 Td (Pledge ) Tj ET Q q 0 0 0 rg BT 266.88 74.85 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 315.69 74.85 Td (which ) Tj ET Q q 0 0 0 rg BT 342.03 74.85 Td (created ) Tj ET Q q 0 0 0 rg BT 372.78 74.85 Td (a ) Tj ET Q q 0 0 0 rg BT 379.12 74.85 Td (security ) Tj ET Q q 0 0 0 rg BT 412.67 74.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 444.00 74.85 Td (in ) Tj ET Q q 0 0 0 rg BT 453.67 74.85 Td (the ) Tj ET Q q 0 0 0 rg BT 467.78 74.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 494.67 74.85 Td (of ) Tj ET Q q 0 0 0 rg BT 504.89 74.85 Td (FGLH ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 62.85 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 62.85 Td (FGLH) Tj ET Q q 0 0 0 rg BT 126.83 62.85 Td (s ) Tj ET Q q 0 0 0 rg BT 133.22 62.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 160.72 62.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 192.66 62.85 Td (in ) Tj ET Q q 0 0 0 rg BT 202.94 62.85 Td (FGL) Tj ET Q q 0 0 0 rg BT 221.46 62.85 Td ( ) Tj ET Q q 0 0 0 rg BT 223.96 62.85 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 265.33 62.85 Td (for ) Tj ET Q q 0 0 0 rg BT 279.49 62.85 Td (the ) Tj ET Q q 0 0 0 rg BT 294.21 62.85 Td (benefit ) Tj ET Q q 0 0 0 rg BT 324.47 62.85 Td (of ) Tj ET Q q 0 0 0 rg BT 335.30 62.85 Td (OMGUK ) Tj ET Q q 0 0 0 rg BT 375.58 62.85 Td (in ) Tj ET Q q 0 0 0 rg BT 385.86 62.85 Td (the ) Tj ET Q q 0 0 0 rg BT 400.58 62.85 Td (event ) Tj ET Q q 0 0 0 rg BT 424.74 62.85 Td (that ) Tj ET Q q 0 0 0 rg BT 442.23 62.85 Td (FGL) Tj ET Q q 0 0 0 rg BT 460.75 62.85 Td ( ) Tj ET Q q 0 0 0 rg BT 463.26 62.85 Td (failed ) Tj ET Q q 0 0 0 rg BT 488.52 62.85 Td (to ) Tj ET Q q 0 0 0 rg BT 498.80 62.85 Td (perform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 50.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 110.39 50.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 157.03 50.85 Td (under ) Tj ET Q q 0 0 0 rg BT 181.99 50.85 Td (the ) Tj ET Q q 0 0 0 rg BT 196.40 50.85 Td (F&G ) Tj ET Q q 0 0 0 rg BT 219.15 50.85 Td (Stock ) Tj ET Q q 0 0 0 rg BT 244.13 50.85 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 281.93 50.85 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 331.05 50.85 Td (In ) Tj ET Q q 0 0 0 rg BT 341.57 50.85 Td (the ) Tj ET Q q 0 0 0 rg BT 355.98 50.85 Td (third ) Tj ET Q q 0 0 0 rg BT 377.06 50.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 407.57 50.85 Td (of ) Tj ET Q q 0 0 0 rg BT 418.09 50.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 442.78 50.85 Td (in ) Tj ET Q q 0 0 0 rg BT 452.75 50.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 498.82 50.85 Td (with ) Tj ET Q q 0 0 0 rg BT 518.79 50.85 Td (the ) Tj ET Q endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 124.44 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.12 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.68 742.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 188.13 742.10 Td (amongst ) Tj ET Q q 0 0 0 rg BT 224.37 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.93 742.10 Td (Company) Tj ET Q q 0 0 0 rg BT 277.17 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.01 742.10 Td (HRG ) Tj ET Q q 0 0 0 rg BT 305.47 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.25 742.10 Td (OMGUK, ) Tj ET Q q 0 0 0 rg BT 364.88 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.44 742.10 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 422.87 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.65 742.10 Td (Pledge ) Tj ET Q q 0 0 0 rg BT 468.70 742.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 515.47 742.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 126.47 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.63 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.56 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 200.16 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 218.42 730.10 Td (released ) Tj ET Q q 0 0 0 rg BT 253.89 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 276.04 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 288.20 730.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 335.36 730.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 377.56 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 382.78 730.10 Td (For ) Tj ET Q q 0 0 0 rg BT 399.38 730.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 442.09 730.10 Td (information ) Tj ET Q q 0 0 0 rg BT 492.01 730.10 Td (see ) Tj ET Q q 0 0 0 rg BT 507.50 730.10 Td ("Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (12. ) Tj ET Q q 0 0 0 rg BT 96.00 718.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 155.17 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.11 718.10 Td (Contingencies" ) Tj ET Q q 0 0 0 rg BT 235.90 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.18 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 262.01 718.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 293.94 718.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 349.22 718.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 388.93 718.10 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 437.81 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 699.10 Td (As ) Tj ET Q q 0 0 0 rg BT 116.13 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.64 699.10 Td (August ) Tj ET Q q 0 0 0 rg BT 156.05 699.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 170.07 699.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 191.59 699.10 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 221.72 699.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.67 699.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 256.97 699.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 285.15 699.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 327.77 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.62 699.10 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 360.53 699.10 Td (as ) Tj ET Q q 0 0 0 rg BT 370.38 699.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 406.63 699.10 Td (, ) Tj ET Q q 0 0 0 rg BT 410.65 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.60 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.34 699.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 480.74 699.10 Td (as ) Tj ET Q q 0 0 0 rg BT 490.59 699.10 Td (guarantor) Tj ET Q q 0 0 0 rg BT 528.50 699.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 113.26 687.10 Td (into ) Tj ET Q q 0 0 0 rg BT 131.65 687.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.93 687.10 Td (three-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.29 687.10 Td ($150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.29 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.13 687.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 248.50 687.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 289.66 687.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 315.26 687.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 346.42 687.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 364.80 687.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 396.45 687.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 451.48 687.10 Td (with ) Tj ET Q q 0 0 0 rg BT 472.09 687.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.13 687.10 Td (lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.95 675.10 Td (RBC ) Tj ET Q q 0 0 0 rg BT 118.48 675.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 148.88 675.10 Td (Markets ) Tj ET Q q 0 0 0 rg BT 183.16 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.12 675.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 225.63 675.10 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 252.71 675.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 293.66 675.10 Td (\(USA\) ) Tj ET Q q 0 0 0 rg BT 321.84 675.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 344.74 675.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 370.69 675.10 Td (as ) Tj ET Q q 0 0 0 rg BT 380.54 675.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 400.39 675.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 418.56 675.10 Td (arrangers. ) Tj ET Q q 0 0 0 rg BT 459.66 675.10 Td (The ) Tj ET Q q 0 0 0 rg BT 476.73 675.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 495.46 675.10 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.10 Td (from ) Tj ET Q q 0 0 0 rg BT 103.32 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.43 663.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 145.67 663.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 192.98 663.10 Td (may ) Tj ET Q q 0 0 0 rg BT 213.08 663.10 Td (be ) Tj ET Q q 0 0 0 rg BT 225.41 663.10 Td (used ) Tj ET Q q 0 0 0 rg BT 246.62 663.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.17 663.10 Td (working ) Tj ET Q q 0 0 0 rg BT 297.38 663.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 326.92 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.25 663.10 Td (general ) Tj ET Q q 0 0 0 rg BT 376.55 663.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 417.19 663.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 458.13 663.10 Td (On ) Tj ET Q q 0 0 0 rg BT 473.24 663.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 106.00 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.72 651.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.10 651.10 Td (drew ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.59 651.10 Td ($100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.59 651.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.09 651.10 Td (on ) Tj ET Q q 0 0 0 rg BT 219.59 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.31 651.10 Td (revolver ) Tj ET Q q 0 0 0 rg BT 270.13 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.06 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.78 651.10 Td (total ) Tj ET Q q 0 0 0 rg BT 322.05 651.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 349.54 651.10 Td (as ) Tj ET Q q 0 0 0 rg BT 360.38 651.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.21 651.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 431.47 651.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.47 651.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.97 651.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.02 651.10 Td ($100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.02 651.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 627.10 Td (During ) Tj ET Q q 0 0 0 rg BT 134.27 627.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.92 627.10 Td (third ) Tj ET Q q 0 0 0 rg BT 170.25 627.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 201.00 627.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.77 627.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 238.09 627.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 263.03 627.10 Td (we ) Tj ET Q q 0 0 0 rg BT 277.13 627.10 Td (made ) Tj ET Q q 0 0 0 rg BT 301.22 627.10 Td (two ) Tj ET Q q 0 0 0 rg BT 318.66 627.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 368.87 627.10 Td (that ) Tj ET Q q 0 0 0 rg BT 386.31 627.10 Td (required ) Tj ET Q q 0 0 0 rg BT 422.06 627.10 Td (us ) Tj ET Q q 0 0 0 rg BT 433.39 627.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.60 627.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 476.58 627.10 Td (commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.10 Td (for ) Tj ET Q q 0 0 0 rg BT 95.40 615.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 138.14 615.10 Td (future ) Tj ET Q q 0 0 0 rg BT 164.76 615.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 213.89 615.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.43 615.10 Td (The ) Tj ET Q q 0 0 0 rg BT 234.72 615.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 276.35 615.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 321.87 615.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.39 615.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 353.46 615.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 615.10 Td ($75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 615.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.39 615.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 425.02 615.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.54 615.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.72 615.10 Td (business ) Tj ET Q q 0 0 0 rg BT 479.36 615.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 603.10 Td (company ) Tj ET Q q 0 0 0 rg BT 120.93 603.10 Td (over ) Tj ET Q q 0 0 0 rg BT 141.98 603.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.70 603.10 Td (four ) Tj ET Q q 0 0 0 rg BT 169.64 603.10 Td (year ) Tj ET Q q 0 0 0 rg BT 190.12 603.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 221.45 603.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.17 603.10 Td (has ) Tj ET Q q 0 0 0 rg BT 255.78 603.10 Td (funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.82 603.10 Td ($42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.82 603.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.10 603.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.71 603.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.32 603.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 389.36 603.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.36 603.10 Td (, ) Tj ET Q q 0 0 0 rg BT 415.14 603.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 453.41 603.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.47 603.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.19 603.10 Td ($33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.19 603.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.47 603.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 591.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 133.21 591.10 Td (as ) Tj ET Q q 0 0 0 rg BT 143.21 591.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.21 591.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 212.64 591.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.64 591.10 Td (. ) Tj ET Q q 0 0 0 rg BT 236.44 591.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 286.34 591.10 Td (, ) Tj ET Q q 0 0 0 rg BT 290.50 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.39 591.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 344.94 591.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 389.38 591.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.82 591.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 418.82 591.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.92 591.10 Td ($35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.92 591.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.59 591.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 487.14 591.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.58 591.10 Td (a ) Tj ET Q q 0 0 0 rg BT 502.69 591.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 579.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 127.91 579.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 148.16 579.10 Td (over ) Tj ET Q q 0 0 0 rg BT 167.85 579.10 Td (three ) Tj ET Q q 0 0 0 rg BT 189.75 579.10 Td (years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.27 579.10 Td ($13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.27 579.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.19 579.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.44 579.10 Td (which ) Tj ET Q q 0 0 0 rg BT 268.80 579.10 Td (was ) Tj ET Q q 0 0 0 rg BT 286.27 579.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 315.96 579.10 Td (as ) Tj ET Q q 0 0 0 rg BT 326.21 579.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.46 579.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 396.15 579.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 579.10 Td (, ) Tj ET Q q 0 0 0 rg BT 420.57 579.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 457.48 579.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.18 579.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.54 579.10 Td ($22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.54 579.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.46 579.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 567.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 132.82 567.10 Td (as ) Tj ET Q q 0 0 0 rg BT 142.43 567.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.04 567.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 211.08 567.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.08 567.10 Td (. ) Tj ET Q q 0 0 0 rg BT 234.85 567.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 261.68 567.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 281.82 567.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.88 567.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 315.68 567.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 324.45 567.10 Td (Investments" ) Tj ET Q q 0 0 0 rg BT 378.14 567.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.19 567.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.80 567.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 432.51 567.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 478.22 567.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 555.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 123.95 555.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 173.57 555.10 Td (for ) Tj ET Q q 0 0 0 rg BT 190.97 555.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 236.70 555.10 Td (details ) Tj ET Q q 0 0 0 rg BT 268.54 555.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.28 555.10 Td (these ) Tj ET Q q 0 0 0 rg BT 310.57 555.10 Td (new ) Tj ET Q q 0 0 0 rg BT 332.96 555.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 386.48 555.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.65 555.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 435.91 555.10 Td (12. ) Tj ET Q q 0 0 0 rg BT 454.15 555.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 516.56 555.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 543.10 Td (Contingencies" ) Tj ET Q q 0 0 0 rg BT 146.73 543.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.94 543.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.71 543.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 210.58 543.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 259.45 543.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 316.66 543.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 358.31 543.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 406.63 543.10 Td (for ) Tj ET Q q 0 0 0 rg BT 422.72 543.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 467.15 543.10 Td (details ) Tj ET Q q 0 0 0 rg BT 497.69 543.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.45 543.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 531.10 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 121.27 531.10 Td (commitments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 507.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 507.10 Td (e ) Tj ET Q q 0 0 0 rg BT 118.99 507.10 Td (have ) Tj ET Q q 0 0 0 rg BT 140.28 507.10 Td (other ) Tj ET Q q 0 0 0 rg BT 163.24 507.10 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 203.42 507.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 249.72 507.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 306.57 507.10 Td (as ) Tj ET Q q 0 0 0 rg BT 317.31 507.10 Td (result ) Tj ET Q q 0 0 0 rg BT 341.94 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.69 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.32 507.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 395.85 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.59 507.10 Td (when ) Tj ET Q q 0 0 0 rg BT 430.66 507.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 480.85 507.10 Td (are ) Tj ET Q q 0 0 0 rg BT 495.47 507.10 Td (executed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 495.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 123.84 495.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.04 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.67 495.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 180.20 495.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.95 495.10 Td (when ) Tj ET Q q 0 0 0 rg BT 217.03 495.10 Td (they ) Tj ET Q q 0 0 0 rg BT 237.67 495.10 Td (are ) Tj ET Q q 0 0 0 rg BT 253.29 495.10 Td (required ) Tj ET Q q 0 0 0 rg BT 290.02 495.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.22 495.10 Td (be ) Tj ET Q q 0 0 0 rg BT 314.08 495.10 Td (funded. ) Tj ET Q q 0 0 0 rg BT 347.76 495.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.18 495.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 380.15 495.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 402.43 495.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.63 495.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 440.57 495.10 Td (12. ) Tj ET Q q 0 0 0 rg BT 456.48 495.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 516.57 495.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 483.10 Td (Contingencies" ) Tj ET Q q 0 0 0 rg BT 145.20 483.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.89 483.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.13 483.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 204.47 483.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 260.15 483.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 300.27 483.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 347.06 483.10 Td (for ) Tj ET Q q 0 0 0 rg BT 361.63 483.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 404.52 483.10 Td (details ) Tj ET Q q 0 0 0 rg BT 433.53 483.10 Td (on ) Tj ET Q q 0 0 0 rg BT 446.44 483.10 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 487.12 483.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 471.10 Td (commitments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 444.70 Td (Item7A. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 136.00 444.70 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 189.61 444.70 Td (and ) Tj ET Q q 0 0 0 rg BT 207.67 444.70 Td (Qualitative ) Tj ET Q q 0 0 0 rg BT 255.73 444.70 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 306.01 444.70 Td (about ) Tj ET Q q 0 0 0 rg BT 331.85 444.70 Td (Market ) Tj ET Q q 0 0 0 rg BT 364.35 444.70 Td (Risk ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 418.30 Td (Market ) Tj ET Q q 0 0 0 rg BT 115.71 418.30 Td (Risk ) Tj ET Q q 0 0 0 rg BT 137.66 418.30 Td (Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 399.30 Td (Market ) Tj ET Q q 0 0 0 rg BT 135.40 399.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 153.42 399.30 Td (is ) Tj ET Q q 0 0 0 rg BT 163.10 399.30 Td (the ) Tj ET Q q 0 0 0 rg BT 178.34 399.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 196.36 399.30 Td (of ) Tj ET Q q 0 0 0 rg BT 207.71 399.30 Td (the ) Tj ET Q q 0 0 0 rg BT 222.94 399.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 241.52 399.30 Td (of ) Tj ET Q q 0 0 0 rg BT 252.87 399.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 269.77 399.30 Td (value ) Tj ET Q q 0 0 0 rg BT 294.44 399.30 Td (resulting ) Tj ET Q q 0 0 0 rg BT 332.46 399.30 Td (from ) Tj ET Q q 0 0 0 rg BT 354.92 399.30 Td (adverse ) Tj ET Q q 0 0 0 rg BT 388.47 399.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 423.70 399.30 Td (in ) Tj ET Q q 0 0 0 rg BT 434.50 399.30 Td (market ) Tj ET Q q 0 0 0 rg BT 465.28 399.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 487.17 399.30 Td (and ) Tj ET Q q 0 0 0 rg BT 504.63 399.30 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 387.30 Td (such ) Tj ET Q q 0 0 0 rg BT 101.41 387.30 Td (as ) Tj ET Q q 0 0 0 rg BT 111.81 387.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 143.32 387.30 Td (rates, ) Tj ET Q q 0 0 0 rg BT 166.78 387.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 197.73 387.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 234.78 387.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 274.61 387.30 Td (rates, ) Tj ET Q q 0 0 0 rg BT 298.07 387.30 Td (commodity ) Tj ET Q q 0 0 0 rg BT 345.70 387.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 371.65 387.30 Td (and ) Tj ET Q q 0 0 0 rg BT 388.16 387.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 415.24 387.30 Td (prices. ) Tj ET Q q 0 0 0 rg BT 443.69 387.30 Td (Market ) Tj ET Q q 0 0 0 rg BT 474.64 387.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 491.72 387.30 Td (is ) Tj ET Q q 0 0 0 rg BT 500.47 387.30 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 375.30 Td (influenced ) Tj ET Q q 0 0 0 rg BT 125.75 375.30 Td (by ) Tj ET Q q 0 0 0 rg BT 138.29 375.30 Td (the ) Tj ET Q q 0 0 0 rg BT 153.05 375.30 Td (volatility ) Tj ET Q q 0 0 0 rg BT 191.70 375.30 Td (and ) Tj ET Q q 0 0 0 rg BT 208.68 375.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 245.12 375.30 Td (in ) Tj ET Q q 0 0 0 rg BT 255.44 375.30 Td (the ) Tj ET Q q 0 0 0 rg BT 270.20 375.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 304.39 375.30 Td (in ) Tj ET Q q 0 0 0 rg BT 314.72 375.30 Td (which ) Tj ET Q q 0 0 0 rg BT 341.70 375.30 Td (the ) Tj ET Q q 0 0 0 rg BT 356.46 375.30 Td (related ) Tj ET Q q 0 0 0 rg BT 386.20 375.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 432.07 375.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 469.59 375.30 Td (instruments ) Tj ET Q q 0 0 0 rg BT 518.80 375.30 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 363.30 Td (traded. ) Tj ET Q q 0 0 0 rg BT 110.24 363.30 Td (W) Tj ET Q q 0 0 0 rg BT 118.88 363.30 Td (e ) Tj ET Q q 0 0 0 rg BT 125.21 363.30 Td (have ) Tj ET Q q 0 0 0 rg BT 145.99 363.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 190.09 363.30 Td (holdings ) Tj ET Q q 0 0 0 rg BT 226.43 363.30 Td (in ) Tj ET Q q 0 0 0 rg BT 236.11 363.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 272.98 363.30 Td (instruments ) Tj ET Q q 0 0 0 rg BT 321.54 363.30 Td (and ) Tj ET Q q 0 0 0 rg BT 337.88 363.30 Td (are ) Tj ET Q q 0 0 0 rg BT 351.98 363.30 Td (naturally ) Tj ET Q q 0 0 0 rg BT 389.41 363.30 Td (exposed ) Tj ET Q q 0 0 0 rg BT 424.08 363.30 Td (to ) Tj ET Q q 0 0 0 rg BT 433.75 363.30 Td (a ) Tj ET Q q 0 0 0 rg BT 440.08 363.30 Td (variety ) Tj ET Q q 0 0 0 rg BT 469.74 363.30 Td (of ) Tj ET Q q 0 0 0 rg BT 479.96 363.30 Td (market ) Tj ET Q q 0 0 0 rg BT 509.62 363.30 Td (risks. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 351.30 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 351.30 Td (e ) Tj ET Q q 0 0 0 rg BT 97.37 351.30 Td (are ) Tj ET Q q 0 0 0 rg BT 112.88 351.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 153.38 351.30 Td (exposed ) Tj ET Q q 0 0 0 rg BT 189.45 351.30 Td (to ) Tj ET Q q 0 0 0 rg BT 200.52 351.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 233.25 351.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 251.53 351.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 269.83 351.30 Td (and ) Tj ET Q q 0 0 0 rg BT 287.56 351.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 315.85 351.30 Td (price ) Tj ET Q q 0 0 0 rg BT 339.13 351.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 357.43 351.30 Td (and ) Tj ET Q q 0 0 0 rg BT 375.17 351.30 Td (have ) Tj ET Q q 0 0 0 rg BT 397.34 351.30 Td (some ) Tj ET Q q 0 0 0 rg BT 421.74 351.30 Td (exposure ) Tj ET Q q 0 0 0 rg BT 461.14 351.30 Td (to ) Tj ET Q q 0 0 0 rg BT 472.21 351.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 498.27 351.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 516.57 351.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 339.30 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 134.03 339.30 Td (risk, ) Tj ET Q q 0 0 0 rg BT 154.03 339.30 Td (which ) Tj ET Q q 0 0 0 rg BT 180.97 339.30 Td (af) Tj ET Q q 0 0 0 rg BT 188.56 339.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 206.04 339.30 Td (the ) Tj ET Q q 0 0 0 rg BT 220.76 339.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 237.14 339.30 Td (value ) Tj ET Q q 0 0 0 rg BT 261.29 339.30 Td (of ) Tj ET Q q 0 0 0 rg BT 272.12 339.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 309.60 339.30 Td (instruments ) Tj ET Q q 0 0 0 rg BT 358.77 339.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 389.59 339.30 Td (to ) Tj ET Q q 0 0 0 rg BT 399.87 339.30 Td (market ) Tj ET Q q 0 0 0 rg BT 430.14 339.30 Td (risk.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 312.90 Td (Enterprise Risk Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 293.90 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 293.90 Td (e ) Tj ET Q q 0 0 0 rg BT 119.21 293.90 Td (place ) Tj ET Q q 0 0 0 rg BT 142.94 293.90 Td (a ) Tj ET Q q 0 0 0 rg BT 150.01 293.90 Td (high ) Tj ET Q q 0 0 0 rg BT 170.42 293.90 Td (priority ) Tj ET Q q 0 0 0 rg BT 203.05 293.90 Td (to ) Tj ET Q q 0 0 0 rg BT 213.46 293.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 231.09 293.90 Td (management ) Tj ET Q q 0 0 0 rg BT 284.82 293.90 Td (and ) Tj ET Q q 0 0 0 rg BT 301.89 293.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 319.52 293.90 Td (control. ) Tj ET Q q 0 0 0 rg BT 352.40 293.90 Td (As ) Tj ET Q q 0 0 0 rg BT 366.14 293.90 Td (part ) Tj ET Q q 0 0 0 rg BT 384.32 293.90 Td (of ) Tj ET Q q 0 0 0 rg BT 395.29 293.90 Td (our ) Tj ET Q q 0 0 0 rg BT 411.25 293.90 Td (ef) Tj ET Q q 0 0 0 rg BT 418.84 293.90 Td (fort ) Tj ET Q q 0 0 0 rg BT 435.91 293.90 Td (to ) Tj ET Q q 0 0 0 rg BT 446.32 293.90 Td (ensure ) Tj ET Q q 0 0 0 rg BT 475.05 293.90 Td (measured ) Tj ET Q q 0 0 0 rg BT 516.00 293.90 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 281.90 Td (taking, ) Tj ET Q q 0 0 0 rg BT 111.51 281.90 Td (management ) Tj ET Q q 0 0 0 rg BT 165.62 281.90 Td (has ) Tj ET Q q 0 0 0 rg BT 181.97 281.90 Td (integrated ) Tj ET Q q 0 0 0 rg BT 224.97 281.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 242.99 281.90 Td (management ) Tj ET Q q 0 0 0 rg BT 297.10 281.90 Td (in ) Tj ET Q q 0 0 0 rg BT 307.90 281.90 Td (our ) Tj ET Q q 0 0 0 rg BT 324.24 281.90 Td (daily ) Tj ET Q q 0 0 0 rg BT 347.26 281.90 Td (business ) Tj ET Q q 0 0 0 rg BT 384.17 281.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 423.29 281.90 Td (and ) Tj ET Q q 0 0 0 rg BT 440.74 281.90 Td (strategic ) Tj ET Q q 0 0 0 rg BT 477.64 281.90 Td (planning. ) Tj ET Q q 0 0 0 rg BT 517.93 281.90 Td (W) Tj ET Q q 0 0 0 rg BT 526.57 281.90 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 269.90 Td (have ) Tj ET Q q 0 0 0 rg BT 101.30 269.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 163.26 269.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 179.68 269.90 Td (management, ) Tj ET Q q 0 0 0 rg BT 234.69 269.90 Td (governance ) Tj ET Q q 0 0 0 rg BT 282.20 269.90 Td (and ) Tj ET Q q 0 0 0 rg BT 298.06 269.90 Td (control ) Tj ET Q q 0 0 0 rg BT 327.81 269.90 Td (procedures ) Tj ET Q q 0 0 0 rg BT 373.10 269.90 Td (in ) Tj ET Q q 0 0 0 rg BT 382.30 269.90 Td (place ) Tj ET Q q 0 0 0 rg BT 404.82 269.90 Td (and ) Tj ET Q q 0 0 0 rg BT 420.68 269.90 Td (have ) Tj ET Q q 0 0 0 rg BT 440.98 269.90 Td (established ) Tj ET Q q 0 0 0 rg BT 486.84 269.90 Td (a ) Tj ET Q q 0 0 0 rg BT 492.70 269.90 Td (dedicated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 257.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 97.69 257.90 Td (management ) Tj ET Q q 0 0 0 rg BT 150.47 257.90 Td (function ) Tj ET Q q 0 0 0 rg BT 185.49 257.90 Td (with ) Tj ET Q q 0 0 0 rg BT 204.96 257.90 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 261.10 257.90 Td (for ) Tj ET Q q 0 0 0 rg BT 274.45 257.90 Td (the ) Tj ET Q q 0 0 0 rg BT 288.36 257.90 Td (formulation ) Tj ET Q q 0 0 0 rg BT 337.26 257.90 Td (of ) Tj ET Q q 0 0 0 rg BT 347.28 257.90 Td (our ) Tj ET Q q 0 0 0 rg BT 362.30 257.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 379.00 257.90 Td (appetite, ) Tj ET Q q 0 0 0 rg BT 414.84 257.90 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 456.79 257.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 489.59 257.90 Td (and ) Tj ET Q q 0 0 0 rg BT 505.72 257.90 Td (limits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 245.90 Td (The ) Tj ET Q q 0 0 0 rg BT 99.07 245.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 116.60 245.90 Td (management ) Tj ET Q q 0 0 0 rg BT 170.21 245.90 Td (function ) Tj ET Q q 0 0 0 rg BT 206.06 245.90 Td (is ) Tj ET Q q 0 0 0 rg BT 215.26 245.90 Td (also ) Tj ET Q q 0 0 0 rg BT 233.89 245.90 Td (responsible ) Tj ET Q q 0 0 0 rg BT 281.97 245.90 Td (for ) Tj ET Q q 0 0 0 rg BT 296.15 245.90 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 343.12 245.90 Td (our ) Tj ET Q q 0 0 0 rg BT 358.98 245.90 Td (overall ) Tj ET Q q 0 0 0 rg BT 389.27 245.90 Td (market ) Tj ET Q q 0 0 0 rg BT 419.56 245.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 437.08 245.90 Td (exposures ) Tj ET Q q 0 0 0 rg BT 479.60 245.90 Td (and ) Tj ET Q q 0 0 0 rg BT 496.56 245.90 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 233.90 Td (review) Tj ET Q q 0 0 0 rg BT 107.56 233.90 Td (, ) Tj ET Q q 0 0 0 rg BT 112.01 233.90 Td (oversight ) Tj ET Q q 0 0 0 rg BT 151.19 233.90 Td (and ) Tj ET Q q 0 0 0 rg BT 167.58 233.90 Td (support ) Tj ET Q q 0 0 0 rg BT 199.54 233.90 Td (functions ) Tj ET Q q 0 0 0 rg BT 238.71 233.90 Td (on ) Tj ET Q q 0 0 0 rg BT 250.66 233.90 Td (risk-related ) Tj ET Q q 0 0 0 rg BT 298.15 233.90 Td (issues. ) Tj ET Q q 0 0 0 rg BT 326.50 233.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 344.01 233.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 360.96 233.90 Td (appetite ) Tj ET Q q 0 0 0 rg BT 394.57 233.90 Td (is ) Tj ET Q q 0 0 0 rg BT 403.19 233.90 Td (aligned ) Tj ET Q q 0 0 0 rg BT 434.58 233.90 Td (with ) Tj ET Q q 0 0 0 rg BT 454.32 233.90 Td (how ) Tj ET Q q 0 0 0 rg BT 473.49 233.90 Td (our ) Tj ET Q q 0 0 0 rg BT 488.78 233.90 Td (businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 221.90 Td (are ) Tj ET Q q 0 0 0 rg BT 95.71 221.90 Td (managed ) Tj ET Q q 0 0 0 rg BT 134.30 221.90 Td (and ) Tj ET Q q 0 0 0 rg BT 151.24 221.90 Td (how ) Tj ET Q q 0 0 0 rg BT 170.96 221.90 Td (we ) Tj ET Q q 0 0 0 rg BT 185.12 221.90 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 226.49 221.90 Td (future ) Tj ET Q q 0 0 0 rg BT 252.87 221.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 296.46 221.90 Td (developments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 202.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.49 202.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 140.93 202.90 Td (governance ) Tj ET Q q 0 0 0 rg BT 190.46 202.90 Td (and ) Tj ET Q q 0 0 0 rg BT 208.33 202.90 Td (control ) Tj ET Q q 0 0 0 rg BT 240.10 202.90 Td (systems ) Tj ET Q q 0 0 0 rg BT 275.21 202.90 Td (enable ) Tj ET Q q 0 0 0 rg BT 304.74 202.90 Td (us ) Tj ET Q q 0 0 0 rg BT 317.07 202.90 Td (to ) Tj ET Q q 0 0 0 rg BT 328.29 202.90 Td (identify) Tj ET Q q 0 0 0 rg BT 358.75 202.90 Td (, ) Tj ET Q q 0 0 0 rg BT 364.69 202.90 Td (control, ) Tj ET Q q 0 0 0 rg BT 398.95 202.90 Td (monitor ) Tj ET Q q 0 0 0 rg BT 434.06 202.90 Td (and ) Tj ET Q q 0 0 0 rg BT 451.94 202.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 494.24 202.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 516.57 202.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 190.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 113.66 190.90 Td (assurance ) Tj ET Q q 0 0 0 rg BT 154.64 190.90 Td (that ) Tj ET Q q 0 0 0 rg BT 171.74 190.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 192.74 190.90 Td (are ) Tj ET Q q 0 0 0 rg BT 207.06 190.90 Td (being ) Tj ET Q q 0 0 0 rg BT 231.39 190.90 Td (measured, ) Tj ET Q q 0 0 0 rg BT 274.32 190.90 Td (monitored ) Tj ET Q q 0 0 0 rg BT 317.53 190.90 Td (and ) Tj ET Q q 0 0 0 rg BT 334.08 190.90 Td (reported ) Tj ET Q q 0 0 0 rg BT 369.51 190.90 Td (adequately ) Tj ET Q q 0 0 0 rg BT 414.93 190.90 Td (and ) Tj ET Q q 0 0 0 rg BT 431.48 190.90 Td (ef) Tj ET Q q 0 0 0 rg BT 439.06 190.90 Td (fectively ) Tj ET Q q 0 0 0 rg BT 476.16 190.90 Td (in ) Tj ET Q q 0 0 0 rg BT 486.04 190.90 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 178.90 Td (with ) Tj ET Q q 0 0 0 rg BT 101.28 178.90 Td (the ) Tj ET Q q 0 0 0 rg BT 116.00 178.90 Td (following ) Tj ET Q q 0 0 0 rg BT 157.38 178.90 Td (three ) Tj ET Q q 0 0 0 rg BT 179.87 178.90 Td (principles:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 160.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 160.90 Td (Management of the business has primary responsibility for the day-to-day management of risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 142.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 142.90 Td (The risk management function has the primary responsibility to align risk taking with strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 130.90 Td (planning through risk tolerance and limit setting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 112.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 112.90 Td (The internal audit function provides an ongoing independent and objective assessment of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 100.90 Td (ef) Tj ET Q q 0 0 0 rg BT 124.59 100.90 Td (fectiveness of internal controls, including financial and operational risk management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 81.90 Td (The ) Tj ET Q q 0 0 0 rg BT 122.94 81.90 Td (Chief ) Tj ET Q q 0 0 0 rg BT 149.04 81.90 Td (Risk ) Tj ET Q q 0 0 0 rg BT 171.28 81.90 Td (Of) Tj ET Q q 0 0 0 rg BT 181.65 81.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 203.85 81.90 Td (\(CRO\) ) Tj ET Q q 0 0 0 rg BT 243.84 81.90 Td (heads ) Tj ET Q q 0 0 0 rg BT 270.50 81.90 Td (our ) Tj ET Q q 0 0 0 rg BT 287.72 81.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 306.61 81.90 Td (management ) Tj ET Q q 0 0 0 rg BT 361.59 81.90 Td (process ) Tj ET Q q 0 0 0 rg BT 395.47 81.90 Td (and ) Tj ET Q q 0 0 0 rg BT 413.80 81.90 Td (reports ) Tj ET Q q 0 0 0 rg BT 445.46 81.90 Td (directly ) Tj ET Q q 0 0 0 rg BT 479.89 81.90 Td (to ) Tj ET Q q 0 0 0 rg BT 491.56 81.90 Td (our ) Tj ET Q q 0 0 0 rg BT 508.78 81.90 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 69.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 123.44 69.90 Td (Of) Tj ET Q q 0 0 0 rg BT 133.81 69.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 154.59 69.90 Td (\(CEO\). ) Tj ET Q q 0 0 0 rg BT 195.09 69.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 213.11 69.90 Td (Enterprise ) Tj ET Q q 0 0 0 rg BT 256.67 69.90 Td (Risk ) Tj ET Q q 0 0 0 rg BT 277.47 69.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 324.37 69.90 Td (discusses ) Tj ET Q q 0 0 0 rg BT 364.06 69.90 Td (and ) Tj ET Q q 0 0 0 rg BT 380.96 69.90 Td (approves ) Tj ET Q q 0 0 0 rg BT 419.52 69.90 Td (all ) Tj ET Q q 0 0 0 rg BT 431.98 69.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 449.44 69.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 483.01 69.90 Td (and ) Tj ET Q q 0 0 0 rg BT 499.91 69.90 Td (reviews ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 57.90 Td (and ) Tj ET Q q 0 0 0 rg BT 97.73 57.90 Td (approves ) Tj ET Q q 0 0 0 rg BT 136.13 57.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 157.32 57.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 200.71 57.90 Td (with ) Tj ET Q q 0 0 0 rg BT 220.78 57.90 Td (our ) Tj ET Q q 0 0 0 rg BT 236.41 57.90 Td (activities. ) Tj ET Q q 0 0 0 rg BT 277.14 57.90 Td (This ) Tj ET Q q 0 0 0 rg BT 297.21 57.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 332.83 57.90 Td (volatility ) Tj ET Q q 0 0 0 rg BT 371.24 57.90 Td (\(af) Tj ET Q q 0 0 0 rg BT 382.16 57.90 Td (fecting ) Tj ET Q q 0 0 0 rg BT 412.22 57.90 Td (earnings ) Tj ET Q q 0 0 0 rg BT 448.39 57.90 Td (and ) Tj ET Q q 0 0 0 rg BT 465.13 57.90 Td (value\), ) Tj ET Q q 0 0 0 rg BT 494.91 57.90 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 45.90 Td (\(required ) Tj ET Q q 0 0 0 rg BT 120.15 45.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 149.30 45.90 Td (and ) Tj ET Q q 0 0 0 rg BT 166.23 45.90 Td (market ) Tj ET Q q 0 0 0 rg BT 196.50 45.90 Td (risk\) ) Tj ET Q q 0 0 0 rg BT 217.33 45.90 Td (and ) Tj ET Q q 0 0 0 rg BT 234.27 45.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 275.08 45.90 Td (risks.) Tj ET Q endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 735.60 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 735.60 Td (e ) Tj ET Q q 0 0 0 rg BT 119.13 735.60 Td (have ) Tj ET Q q 0 0 0 rg BT 140.57 735.60 Td (implemented ) Tj ET Q q 0 0 0 rg BT 195.34 735.60 Td (several ) Tj ET Q q 0 0 0 rg BT 226.21 735.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 247.66 735.60 Td (structures ) Tj ET Q q 0 0 0 rg BT 289.10 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 299.43 735.60 Td (manage ) Tj ET Q q 0 0 0 rg BT 333.08 735.60 Td (risk. ) Tj ET Q q 0 0 0 rg BT 353.14 735.60 Td (Examples ) Tj ET Q q 0 0 0 rg BT 395.14 735.60 Td (include, ) Tj ET Q q 0 0 0 rg BT 429.63 735.60 Td (but ) Tj ET Q q 0 0 0 rg BT 444.96 735.60 Td (are ) Tj ET Q q 0 0 0 rg BT 459.73 735.60 Td (not ) Tj ET Q q 0 0 0 rg BT 475.07 735.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 505.96 735.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 518.79 735.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 705.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 705.60 Td (At-risk limits on sensitivities of regulatory capital to the capital markets provide the fundamental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 693.60 Td (framework to manage capital markets risks including the risk of asset / liability mismatch;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 675.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 675.60 Td (Duration and convexity mismatch limits;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 657.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 657.60 Td (Credit risk concentration limits; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 639.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 639.60 Td (Investment and derivative guidelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.60 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 620.60 Td (e manage our risk appetite based on two key risk metrics:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 602.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 602.60 Td (Regulatory Capital Sensitivities: the potential reduction, under a range of moderate to extreme capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 590.60 Td (markets stress scenarios, of the excess of available statutory capital above the minimum required under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 578.60 Td (the NAIC regulatory RBC methodology; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 560.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 560.60 Td (Earnings Sensitivities: the potential reduction in results of operations over a 30 year time horizon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 548.60 Td (under the same moderate to extreme capital markets stress scenario. Maintaining a consistent level of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 536.60 Td (earnings helps us to finance our operations, support our capital requirements and provide funds to pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 524.60 Td (dividends to stockholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 505.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 120.43 505.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 136.82 505.60 Td (metrics ) Tj ET Q q 0 0 0 rg BT 167.63 505.60 Td (cover ) Tj ET Q q 0 0 0 rg BT 191.22 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.82 505.60 Td (most ) Tj ET Q q 0 0 0 rg BT 225.65 505.60 Td (important ) Tj ET Q q 0 0 0 rg BT 265.91 505.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 296.17 505.60 Td (in ) Tj ET Q q 0 0 0 rg BT 305.33 505.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 328.93 505.60 Td (of ) Tj ET Q q 0 0 0 rg BT 338.64 505.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 390.55 505.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 429.13 505.60 Td (where ) Tj ET Q q 0 0 0 rg BT 454.95 505.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 471.33 505.60 Td (can ) Tj ET Q q 0 0 0 rg BT 486.59 505.60 Td (materialize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 493.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.77 493.60 Td (are ) Tj ET Q q 0 0 0 rg BT 112.30 493.60 Td (representative ) Tj ET Q q 0 0 0 rg BT 170.71 493.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.37 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.91 493.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 239.33 493.60 Td (constraints ) Tj ET Q q 0 0 0 rg BT 284.99 493.60 Td (to ) Tj ET Q q 0 0 0 rg BT 295.09 493.60 Td (which ) Tj ET Q q 0 0 0 rg BT 321.86 493.60 Td (our ) Tj ET Q q 0 0 0 rg BT 337.52 493.60 Td (business ) Tj ET Q q 0 0 0 rg BT 373.74 493.60 Td (is ) Tj ET Q q 0 0 0 rg BT 382.74 493.60 Td (subject. ) Tj ET Q q 0 0 0 rg BT 415.72 493.60 Td (The ) Tj ET Q q 0 0 0 rg BT 433.60 493.60 Td (sensitivities ) Tj ET Q q 0 0 0 rg BT 483.15 493.60 Td (for ) Tj ET Q q 0 0 0 rg BT 497.13 493.60 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 481.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.44 481.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 136.43 481.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 166.09 481.60 Td (are ) Tj ET Q q 0 0 0 rg BT 181.29 481.60 Td (important ) Tj ET Q q 0 0 0 rg BT 223.18 481.60 Td (metrics ) Tj ET Q q 0 0 0 rg BT 255.61 481.60 Td (since ) Tj ET Q q 0 0 0 rg BT 279.16 481.60 Td (they ) Tj ET Q q 0 0 0 rg BT 299.37 481.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 332.92 481.60 Td (insight ) Tj ET Q q 0 0 0 rg BT 363.15 481.60 Td (into ) Tj ET Q q 0 0 0 rg BT 381.71 481.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.92 481.60 Td (level ) Tj ET Q q 0 0 0 rg BT 419.36 481.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.69 481.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 448.69 481.60 Td (we ) Tj ET Q q 0 0 0 rg BT 463.35 481.60 Td (take ) Tj ET Q q 0 0 0 rg BT 483.00 481.60 Td (under ) Tj ET Q q 0 0 0 rg BT 508.77 481.60 Td (stress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 469.60 Td (scenarios. ) Tj ET Q q 0 0 0 rg BT 123.03 469.60 Td (They ) Tj ET Q q 0 0 0 rg BT 146.07 469.60 Td (also ) Tj ET Q q 0 0 0 rg BT 164.68 469.60 Td (are ) Tj ET Q q 0 0 0 rg BT 179.39 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.11 469.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 216.61 469.60 Td (for ) Tj ET Q q 0 0 0 rg BT 230.77 469.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 263.81 469.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 281.31 469.60 Td (management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 450.60 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 450.60 Td (e ) Tj ET Q q 0 0 0 rg BT 119.24 450.60 Td (are ) Tj ET Q q 0 0 0 rg BT 134.12 450.60 Td (also ) Tj ET Q q 0 0 0 rg BT 152.89 450.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 183.89 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 194.33 450.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 214.77 450.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 235.77 450.60 Td (stress ) Tj ET Q q 0 0 0 rg BT 260.66 450.60 Td (testing ) Tj ET Q q 0 0 0 rg BT 289.99 450.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 327.09 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 337.54 450.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 381.30 450.60 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 438.48 450.60 Td (This ) Tj ET Q q 0 0 0 rg BT 458.92 450.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 493.81 450.60 Td (measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.21 438.60 Td (ef) Tj ET Q q 0 0 0 rg BT 102.80 438.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 119.78 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.11 438.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 164.31 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 174.09 438.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 205.52 438.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 222.50 438.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 273.94 438.60 Td (on ) Tj ET Q q 0 0 0 rg BT 285.94 438.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 307.37 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 323.81 438.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 356.91 438.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 376.68 438.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 403.25 438.60 Td (The ) Tj ET Q q 0 0 0 rg BT 420.79 438.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 455.00 438.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 490.33 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 504.54 438.60 Td (ef) Tj ET Q q 0 0 0 rg BT 512.13 438.60 Td (fects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 426.60 Td (of: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 408.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 408.60 Td (The timing and amount of redemptions and prepayments in our asset portfolio;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 390.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 390.60 Td (Our derivative portfolio;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 372.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 372.60 Td (Death benefits and other claims payable under the terms of our insurance products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 354.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 354.60 Td (Lapses and surrenders in our insurance products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 336.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 336.60 Td (Minimum interest guarantees in our insurance products; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 318.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 318.60 Td (Book value guarantees in our insurance products.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 297.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 102.48 297.60 Td (est Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 278.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 135.85 278.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 153.21 278.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 170.58 278.60 Td (is ) Tj ET Q q 0 0 0 rg BT 179.62 278.60 Td (our ) Tj ET Q q 0 0 0 rg BT 195.32 278.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 229.34 278.60 Td (market ) Tj ET Q q 0 0 0 rg BT 259.48 278.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 276.85 278.60 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 317.64 278.60 Td (W) Tj ET Q q 0 0 0 rg BT 326.28 278.60 Td (e ) Tj ET Q q 0 0 0 rg BT 333.09 278.60 Td (define ) Tj ET Q q 0 0 0 rg BT 360.44 278.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 392.25 278.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 409.60 278.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 426.97 278.60 Td (as ) Tj ET Q q 0 0 0 rg BT 437.67 278.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.26 278.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 469.63 278.60 Td (of ) Tj ET Q q 0 0 0 rg BT 480.33 278.60 Td (an ) Tj ET Q q 0 0 0 rg BT 492.14 278.60 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 99.81 266.60 Td (due ) Tj ET Q q 0 0 0 rg BT 117.49 266.60 Td (to ) Tj ET Q q 0 0 0 rg BT 128.51 266.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 162.29 266.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 197.74 266.60 Td (in ) Tj ET Q q 0 0 0 rg BT 208.76 266.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 241.44 266.60 Td (rates. ) Tj ET Q q 0 0 0 rg BT 265.83 266.60 Td (This ) Tj ET Q q 0 0 0 rg BT 286.85 266.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 305.09 266.60 Td (arises ) Tj ET Q q 0 0 0 rg BT 331.10 266.60 Td (from ) Tj ET Q q 0 0 0 rg BT 353.79 266.60 Td (our ) Tj ET Q q 0 0 0 rg BT 370.36 266.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 408.05 266.60 Td (in ) Tj ET Q q 0 0 0 rg BT 419.07 266.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 451.75 266.60 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 489.99 266.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 516.56 266.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.60 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 122.55 254.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 161.59 254.60 Td (as ) Tj ET Q q 0 0 0 rg BT 171.75 254.60 Td (a ) Tj ET Q q 0 0 0 rg BT 178.02 254.60 Td (result ) Tj ET Q q 0 0 0 rg BT 202.07 254.60 Td (of ) Tj ET Q q 0 0 0 rg BT 212.23 254.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 250.73 254.60 Td (life ) Tj ET Q q 0 0 0 rg BT 265.88 254.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 306.03 254.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 347.86 254.60 Td (and ) Tj ET Q q 0 0 0 rg BT 364.13 254.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 386.50 254.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 418.33 254.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 452.94 254.60 Td (received ) Tj ET Q q 0 0 0 rg BT 488.63 254.60 Td (in ) Tj ET Q q 0 0 0 rg BT 498.24 254.60 Td (interest-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 242.60 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 119.40 242.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 146.14 242.60 Td (and ) Tj ET Q q 0 0 0 rg BT 163.98 242.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 200.70 242.60 Td (these ) Tj ET Q q 0 0 0 rg BT 224.65 242.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 250.28 242.60 Td (as ) Tj ET Q q 0 0 0 rg BT 262.02 242.60 Td (interest-sensitive ) Tj ET Q q 0 0 0 rg BT 333.18 242.60 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 376.31 242.60 Td (Substantial ) Tj ET Q q 0 0 0 rg BT 424.15 242.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.00 242.60 Td (sustained ) Tj ET Q q 0 0 0 rg BT 482.62 242.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 522.67 242.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 230.60 Td (decreases ) Tj ET Q q 0 0 0 rg BT 122.32 230.60 Td (in ) Tj ET Q q 0 0 0 rg BT 133.11 230.60 Td (market ) Tj ET Q q 0 0 0 rg BT 163.89 230.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 196.34 230.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 218.23 230.60 Td (can ) Tj ET Q q 0 0 0 rg BT 235.13 230.60 Td (af) Tj ET Q q 0 0 0 rg BT 242.71 230.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 260.71 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 275.95 230.60 Td (profitability ) Tj ET Q q 0 0 0 rg BT 326.73 230.60 Td (of ) Tj ET Q q 0 0 0 rg BT 338.08 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.31 230.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 394.64 230.60 Td (products ) Tj ET Q q 0 0 0 rg BT 432.09 230.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.54 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 464.78 230.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 481.67 230.60 Td (value ) Tj ET Q q 0 0 0 rg BT 506.34 230.60 Td (of ) Tj ET Q q 0 0 0 rg BT 517.68 230.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 218.60 Td (investments, ) Tj ET Q q 0 0 0 rg BT 133.77 218.60 Td (as ) Tj ET Q q 0 0 0 rg BT 144.60 218.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.32 218.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 195.70 218.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.53 218.60 Td (our ) Tj ET Q q 0 0 0 rg BT 222.36 218.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 263.18 218.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 302.89 218.60 Td (are ) Tj ET Q q 0 0 0 rg BT 317.60 218.60 Td (backed ) Tj ET Q q 0 0 0 rg BT 348.42 218.60 Td (by ) Tj ET Q q 0 0 0 rg BT 360.92 218.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 383.96 218.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 420.35 218.60 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 199.60 Td (The ) Tj ET Q q 0 0 0 rg BT 121.57 199.60 Td (profitability ) Tj ET Q q 0 0 0 rg BT 171.86 199.60 Td (of ) Tj ET Q q 0 0 0 rg BT 182.72 199.60 Td (most ) Tj ET Q q 0 0 0 rg BT 204.69 199.60 Td (of ) Tj ET Q q 0 0 0 rg BT 215.55 199.60 Td (our ) Tj ET Q q 0 0 0 rg BT 231.40 199.60 Td (products ) Tj ET Q q 0 0 0 rg BT 268.36 199.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 303.66 199.60 Td (on ) Tj ET Q q 0 0 0 rg BT 316.18 199.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.92 199.60 Td (spreads ) Tj ET Q q 0 0 0 rg BT 363.44 199.60 Td (between ) Tj ET Q q 0 0 0 rg BT 399.28 199.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 431.23 199.60 Td (yield ) Tj ET Q q 0 0 0 rg BT 453.75 199.60 Td (on ) Tj ET Q q 0 0 0 rg BT 466.28 199.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 516.58 199.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 187.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 102.92 187.60 Td (credited ) Tj ET Q q 0 0 0 rg BT 138.17 187.60 Td (on ) Tj ET Q q 0 0 0 rg BT 151.21 187.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 192.57 187.60 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 235.11 187.60 Td (W) Tj ET Q q 0 0 0 rg BT 243.75 187.60 Td (e ) Tj ET Q q 0 0 0 rg BT 251.23 187.60 Td (have ) Tj ET Q q 0 0 0 rg BT 273.16 187.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.42 187.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 317.01 187.60 Td (to ) Tj ET Q q 0 0 0 rg BT 327.84 187.60 Td (adjust ) Tj ET Q q 0 0 0 rg BT 354.77 187.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.03 187.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 391.95 187.60 Td (credited, ) Tj ET Q q 0 0 0 rg BT 429.70 187.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 469.95 187.60 Td (caps ) Tj ET Q q 0 0 0 rg BT 490.77 187.60 Td (and ) Tj ET Q q 0 0 0 rg BT 508.25 187.60 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 175.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 104.29 175.60 Td (on ) Tj ET Q q 0 0 0 rg BT 116.19 175.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.32 175.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 166.11 175.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.35 175.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.47 175.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 222.38 175.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 261.50 175.60 Td (at ) Tj ET Q q 0 0 0 rg BT 270.63 175.60 Td (least ) Tj ET Q q 0 0 0 rg BT 290.86 175.60 Td (annually) Tj ET Q q 0 0 0 rg BT 324.64 175.60 Td (, ) Tj ET Q q 0 0 0 rg BT 329.05 175.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 359.28 175.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.97 175.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 409.77 175.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 455.54 175.60 Td (values. ) Tj ET Q q 0 0 0 rg BT 485.50 175.60 Td (In ) Tj ET Q q 0 0 0 rg BT 495.73 175.60 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.60 163.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 133.86 163.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.58 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.18 163.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 194.55 163.60 Td (products ) Tj ET Q q 0 0 0 rg BT 232.38 163.60 Td (have ) Tj ET Q q 0 0 0 rg BT 254.64 163.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 295.78 163.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.60 163.60 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 361.97 163.60 Td (penalty ) Tj ET Q q 0 0 0 rg BT 394.78 163.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 439.84 163.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 478.77 163.60 Td (to ) Tj ET Q q 0 0 0 rg BT 489.93 163.60 Td (encourage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 151.60 Td (persistency ) Tj ET Q q 0 0 0 rg BT 128.31 151.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.08 151.60 Td (to ) Tj ET Q q 0 0 0 rg BT 155.19 151.60 Td (help ) Tj ET Q q 0 0 0 rg BT 174.73 151.60 Td (ensure ) Tj ET Q q 0 0 0 rg BT 203.16 151.60 Td (tar) Tj ET Q q 0 0 0 rg BT 213.52 151.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 237.51 151.60 Td (spreads ) Tj ET Q q 0 0 0 rg BT 269.83 151.60 Td (are ) Tj ET Q q 0 0 0 rg BT 284.36 151.60 Td (earned. ) Tj ET Q q 0 0 0 rg BT 315.83 151.60 Td (However) Tj ET Q q 0 0 0 rg BT 352.08 151.60 Td (, ) Tj ET Q q 0 0 0 rg BT 356.91 151.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 406.45 151.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 438.48 151.60 Td (including ) Tj ET Q q 0 0 0 rg BT 478.58 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.13 151.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 522.67 151.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 139.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.30 139.60 Td (level ) Tj ET Q q 0 0 0 rg BT 118.81 139.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.22 139.60 Td (surrenders ) Tj ET Q q 0 0 0 rg BT 174.95 139.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.46 139.60 Td (withdrawals, ) Tj ET Q q 0 0 0 rg BT 246.92 139.60 Td (may ) Tj ET Q q 0 0 0 rg BT 267.21 139.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 289.18 139.60 Td (our ) Tj ET Q q 0 0 0 rg BT 305.59 139.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 334.22 139.60 Td (to ) Tj ET Q q 0 0 0 rg BT 345.08 139.60 Td (adjust ) Tj ET Q q 0 0 0 rg BT 372.04 139.60 Td (or ) Tj ET Q q 0 0 0 rg BT 383.45 139.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 421.52 139.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 460.14 139.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 482.10 139.60 Td (at ) Tj ET Q q 0 0 0 rg BT 492.39 139.60 Td (the ) Tj ET Q q 0 0 0 rg BT 507.69 139.60 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 127.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 122.37 127.60 Td (to ) Tj ET Q q 0 0 0 rg BT 132.65 127.60 Td (avoid ) Tj ET Q q 0 0 0 rg BT 157.36 127.60 Td (a ) Tj ET Q q 0 0 0 rg BT 164.30 127.60 Td (narrowing ) Tj ET Q q 0 0 0 rg BT 207.90 127.60 Td (of ) Tj ET Q q 0 0 0 rg BT 218.73 127.60 Td (spreads ) Tj ET Q q 0 0 0 rg BT 251.22 127.60 Td (under ) Tj ET Q q 0 0 0 rg BT 276.49 127.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 306.19 127.60 Td (market ) Tj ET Q q 0 0 0 rg BT 336.45 127.60 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 108.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.12 108.60 Td (order ) Tj ET Q q 0 0 0 rg BT 139.50 108.60 Td (to ) Tj ET Q q 0 0 0 rg BT 150.57 108.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 173.29 108.60 Td (our ) Tj ET Q q 0 0 0 rg BT 189.90 108.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 218.18 108.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.91 108.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 283.61 108.60 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 333.84 108.60 Td (we ) Tj ET Q q 0 0 0 rg BT 348.79 108.60 Td (must ) Tj ET Q q 0 0 0 rg BT 371.52 108.60 Td (earn ) Tj ET Q q 0 0 0 rg BT 392.02 108.60 Td (a ) Tj ET Q q 0 0 0 rg BT 399.74 108.60 Td (suf) Tj ET Q q 0 0 0 rg BT 411.78 108.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 440.61 108.60 Td (return ) Tj ET Q q 0 0 0 rg BT 467.77 108.60 Td (on ) Tj ET Q q 0 0 0 rg BT 481.06 108.60 Td (our ) Tj ET Q q 0 0 0 rg BT 497.67 108.60 Td (invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 96.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 109.53 96.60 Td (Significant ) Tj ET Q q 0 0 0 rg BT 156.12 96.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 191.03 96.60 Td (in ) Tj ET Q q 0 0 0 rg BT 201.51 96.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 233.65 96.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 255.23 96.60 Td (exposes ) Tj ET Q q 0 0 0 rg BT 289.60 96.60 Td (us ) Tj ET Q q 0 0 0 rg BT 301.19 96.60 Td (to ) Tj ET Q q 0 0 0 rg BT 311.67 96.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.60 96.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 344.30 96.60 Td (of ) Tj ET Q q 0 0 0 rg BT 355.33 96.60 Td (not ) Tj ET Q q 0 0 0 rg BT 370.82 96.60 Td (earning ) Tj ET Q q 0 0 0 rg BT 403.51 96.60 Td (the ) Tj ET Q q 0 0 0 rg BT 418.43 96.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 465.00 96.60 Td (spreads ) Tj ET Q q 0 0 0 rg BT 497.69 96.60 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 84.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.01 84.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 126.23 84.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 143.01 84.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 171.45 84.60 Td (on ) Tj ET Q q 0 0 0 rg BT 183.24 84.60 Td (our ) Tj ET Q q 0 0 0 rg BT 198.36 84.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 247.92 84.60 Td (and ) Tj ET Q q 0 0 0 rg BT 264.15 84.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.16 84.60 Td (credited ) Tj ET Q q 0 0 0 rg BT 312.15 84.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 343.38 84.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 364.04 84.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 383.05 84.60 Td (on ) Tj ET Q q 0 0 0 rg BT 394.84 84.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 443.30 84.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 476.19 84.60 Td (and ) Tj ET Q q 0 0 0 rg BT 492.42 84.60 Td (contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 72.60 Td (Both ) Tj ET Q q 0 0 0 rg BT 102.27 72.60 Td (rising ) Tj ET Q q 0 0 0 rg BT 126.87 72.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.13 72.60 Td (declining ) Tj ET Q q 0 0 0 rg BT 182.16 72.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 213.41 72.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 234.11 72.60 Td (can ) Tj ET Q q 0 0 0 rg BT 249.81 72.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 293.28 72.60 Td (af) Tj ET Q q 0 0 0 rg BT 300.87 72.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 317.67 72.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 348.92 72.60 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 387.12 72.60 Td (spread ) Tj ET Q q 0 0 0 rg BT 415.04 72.60 Td (income ) Tj ET Q q 0 0 0 rg BT 446.29 72.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.55 72.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.59 72.60 Td (attractiveness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 60.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 60.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 121.53 60.60 Td (of ) Tj ET Q q 0 0 0 rg BT 132.36 60.60 Td (our ) Tj ET Q q 0 0 0 rg BT 148.19 60.60 Td (products.) Tj ET Q endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 735.60 Td (During ) Tj ET Q q 0 0 0 rg BT 133.74 735.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 165.08 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.32 735.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 218.33 735.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 249.67 735.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 272.95 735.60 Td (we ) Tj ET Q q 0 0 0 rg BT 286.52 735.60 Td (may ) Tj ET Q q 0 0 0 rg BT 305.65 735.60 Td (of) Tj ET Q q 0 0 0 rg BT 313.79 735.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 326.80 735.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 354.26 735.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 391.71 735.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 412.49 735.60 Td (on ) Tj ET Q q 0 0 0 rg BT 424.40 735.60 Td (interest-sensitive ) Tj ET Q q 0 0 0 rg BT 494.07 735.60 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (such ) Tj ET Q q 0 0 0 rg BT 101.63 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 112.26 723.60 Td (IUL) Tj ET Q q 0 0 0 rg BT 128.55 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 130.85 723.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 171.46 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 188.20 723.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 211.04 723.60 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 251.95 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 268.68 723.60 Td (we ) Tj ET Q q 0 0 0 rg BT 282.64 723.60 Td (may ) Tj ET Q q 0 0 0 rg BT 302.16 723.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 337.21 723.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 375.05 723.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 396.23 723.60 Td (on ) Tj ET Q q 0 0 0 rg BT 408.53 723.60 Td (in-force ) Tj ET Q q 0 0 0 rg BT 442.47 723.60 Td (products ) Tj ET Q q 0 0 0 rg BT 479.21 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 489.28 723.60 Td (keep ) Tj ET Q q 0 0 0 rg BT 510.46 723.60 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (products ) Tj ET Q q 0 0 0 rg BT 117.37 711.60 Td (competitive. ) Tj ET Q q 0 0 0 rg BT 168.58 711.60 Td (A) Tj ET Q q 0 0 0 rg BT 175.25 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 177.18 711.60 Td (rise ) Tj ET Q q 0 0 0 rg BT 193.55 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 203.26 711.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.62 711.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 257.93 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 267.64 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 281.78 711.60 Td (absence ) Tj ET Q q 0 0 0 rg BT 315.36 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 325.62 711.60 Td (other ) Tj ET Q q 0 0 0 rg BT 348.10 711.60 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 407.79 711.60 Td (changes, ) Tj ET Q q 0 0 0 rg BT 444.42 711.60 Td (will ) Tj ET Q q 0 0 0 rg BT 461.91 711.60 Td (result ) Tj ET Q q 0 0 0 rg BT 486.06 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 495.76 711.60 Td (a ) Tj ET Q q 0 0 0 rg BT 502.13 711.60 Td (decline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.00 699.60 Td (market ) Tj ET Q q 0 0 0 rg BT 136.26 699.60 Td (value ) Tj ET Q q 0 0 0 rg BT 160.41 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 171.24 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 187.07 699.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 233.46 699.60 Td (portfolio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 680.60 Td (As ) Tj ET Q q 0 0 0 rg BT 117.34 680.60 Td (part ) Tj ET Q q 0 0 0 rg BT 135.62 680.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.68 680.60 Td (our ) Tj ET Q q 0 0 0 rg BT 162.74 680.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 184.91 680.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 218.74 680.60 Td (management ) Tj ET Q q 0 0 0 rg BT 272.56 680.60 Td (\(ALM\) ) Tj ET Q q 0 0 0 rg BT 313.05 680.60 Td (program, ) Tj ET Q q 0 0 0 rg BT 352.16 680.60 Td (we ) Tj ET Q q 0 0 0 rg BT 366.55 680.60 Td (have ) Tj ET Q q 0 0 0 rg BT 388.15 680.60 Td (made ) Tj ET Q q 0 0 0 rg BT 412.54 680.60 Td (a ) Tj ET Q q 0 0 0 rg BT 419.71 680.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 464.65 680.60 Td (ef) Tj ET Q q 0 0 0 rg BT 472.24 680.60 Td (fort ) Tj ET Q q 0 0 0 rg BT 489.40 680.60 Td (to ) Tj ET Q q 0 0 0 rg BT 499.91 680.60 Td (identify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 668.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.13 668.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 120.37 668.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 167.82 668.60 Td (to ) Tj ET Q q 0 0 0 rg BT 177.51 668.60 Td (dif) Tj ET Q q 0 0 0 rg BT 188.44 668.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 213.67 668.60 Td (product ) Tj ET Q q 0 0 0 rg BT 246.13 668.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 266.93 668.60 Td (and ) Tj ET Q q 0 0 0 rg BT 283.28 668.60 Td (ensure ) Tj ET Q q 0 0 0 rg BT 311.29 668.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 349.87 668.60 Td (strategies ) Tj ET Q q 0 0 0 rg BT 389.54 668.60 Td (match ) Tj ET Q q 0 0 0 rg BT 415.89 668.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.02 668.60 Td (profile ) Tj ET Q q 0 0 0 rg BT 458.59 668.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.83 668.60 Td (these ) Tj ET Q q 0 0 0 rg BT 491.29 668.60 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 98.72 656.60 Td (ALM ) Tj ET Q q 0 0 0 rg BT 123.73 656.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 158.18 656.60 Td (is ) Tj ET Q q 0 0 0 rg BT 167.64 656.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 205.97 656.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.54 656.60 Td (align ) Tj ET Q q 0 0 0 rg BT 239.32 656.60 Td (the ) Tj ET Q q 0 0 0 rg BT 254.33 656.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 292.65 656.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.20 656.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 338.21 656.60 Td (from ) Tj ET Q q 0 0 0 rg BT 360.44 656.60 Td (the ) Tj ET Q q 0 0 0 rg BT 375.44 656.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 422.11 656.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 459.90 656.60 Td (with ) Tj ET Q q 0 0 0 rg BT 480.46 656.60 Td (the ) Tj ET Q q 0 0 0 rg BT 495.47 656.60 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 644.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 114.29 644.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 134.24 644.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 160.66 644.60 Td (As ) Tj ET Q q 0 0 0 rg BT 173.95 644.60 Td (such, ) Tj ET Q q 0 0 0 rg BT 196.96 644.60 Td (a ) Tj ET Q q 0 0 0 rg BT 203.57 644.60 Td (major ) Tj ET Q q 0 0 0 rg BT 229.08 644.60 Td (component ) Tj ET Q q 0 0 0 rg BT 275.69 644.60 Td (of ) Tj ET Q q 0 0 0 rg BT 286.20 644.60 Td (our ) Tj ET Q q 0 0 0 rg BT 301.71 644.60 Td (ef) Tj ET Q q 0 0 0 rg BT 309.30 644.60 Td (fort ) Tj ET Q q 0 0 0 rg BT 325.92 644.60 Td (to ) Tj ET Q q 0 0 0 rg BT 335.87 644.60 Td (manage ) Tj ET Q q 0 0 0 rg BT 369.15 644.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 400.76 644.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 417.92 644.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 435.10 644.60 Td (has ) Tj ET Q q 0 0 0 rg BT 450.61 644.60 Td (been ) Tj ET Q q 0 0 0 rg BT 471.67 644.60 Td (to ) Tj ET Q q 0 0 0 rg BT 481.63 644.60 Td (structure ) Tj ET Q q 0 0 0 rg BT 518.79 644.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 632.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 128.15 632.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 166.42 632.60 Td (with ) Tj ET Q q 0 0 0 rg BT 187.46 632.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 208.50 632.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 230.10 632.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 290.56 632.60 Td (that ) Tj ET Q q 0 0 0 rg BT 308.82 632.60 Td (are ) Tj ET Q q 0 0 0 rg BT 324.30 632.60 Td (consistent ) Tj ET Q q 0 0 0 rg BT 367.56 632.60 Td (with ) Tj ET Q q 0 0 0 rg BT 388.61 632.60 Td (the ) Tj ET Q q 0 0 0 rg BT 404.09 632.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 425.13 632.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 446.73 632.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 507.19 632.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 632.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 121.38 620.60 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 163.01 620.60 Td (W) Tj ET Q q 0 0 0 rg BT 171.65 620.60 Td (e ) Tj ET Q q 0 0 0 rg BT 178.15 620.60 Td (use ) Tj ET Q q 0 0 0 rg BT 193.55 620.60 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 230.03 620.60 Td (models ) Tj ET Q q 0 0 0 rg BT 260.98 620.60 Td (to ) Tj ET Q q 0 0 0 rg BT 270.82 620.60 Td (simulate ) Tj ET Q q 0 0 0 rg BT 306.77 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.05 620.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 340.88 620.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 365.17 620.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 402.77 620.60 Td (from ) Tj ET Q q 0 0 0 rg BT 424.27 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.55 620.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 472.28 620.60 Td (business ) Tj ET Q q 0 0 0 rg BT 508.24 620.60 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 608.60 Td (various ) Tj ET Q q 0 0 0 rg BT 113.03 608.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 145.06 608.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 162.64 608.60 Td (scenarios. ) Tj ET Q q 0 0 0 rg BT 204.76 608.60 Td (These ) Tj ET Q q 0 0 0 rg BT 231.23 608.60 Td (simulations ) Tj ET Q q 0 0 0 rg BT 279.94 608.60 Td (enable ) Tj ET Q q 0 0 0 rg BT 308.63 608.60 Td (us ) Tj ET Q q 0 0 0 rg BT 320.11 608.60 Td (to ) Tj ET Q q 0 0 0 rg BT 330.49 608.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 366.40 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.21 608.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 418.80 608.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 438.61 608.60 Td (or ) Tj ET Q q 0 0 0 rg BT 449.53 608.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 467.69 608.60 Td (in ) Tj ET Q q 0 0 0 rg BT 478.06 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.88 608.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.35 608.60 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 596.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.20 596.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 122.50 596.60 Td (rate-sensitive ) Tj ET Q q 0 0 0 rg BT 177.68 596.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.53 596.60 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 265.56 596.60 Td (to ) Tj ET Q q 0 0 0 rg BT 275.20 596.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 310.38 596.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.47 596.60 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 364.09 596.60 Td (of ) Tj ET Q q 0 0 0 rg BT 374.29 596.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 411.69 596.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 431.32 596.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 455.41 596.60 Td (from ) Tj ET Q q 0 0 0 rg BT 476.72 596.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 501.92 596.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.56 596.60 Td (meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 584.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.89 584.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 132.10 584.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 151.55 584.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 205.42 584.60 Td (of ) Tj ET Q q 0 0 0 rg BT 215.43 584.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.32 584.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 268.22 584.60 Td (and ) Tj ET Q q 0 0 0 rg BT 284.33 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 293.79 584.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 335.44 584.60 Td (if ) Tj ET Q q 0 0 0 rg BT 343.23 584.60 Td (it ) Tj ET Q q 0 0 0 rg BT 350.46 584.60 Td (is ) Tj ET Q q 0 0 0 rg BT 358.81 584.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 399.35 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 408.81 584.60 Td (lengthen ) Tj ET Q q 0 0 0 rg BT 444.92 584.60 Td (or ) Tj ET Q q 0 0 0 rg BT 454.92 584.60 Td (shorten ) Tj ET Q q 0 0 0 rg BT 486.04 584.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.93 584.60 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 572.60 Td (life ) Tj ET Q q 0 0 0 rg BT 96.17 572.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.45 572.60 Td (duration ) Tj ET Q q 0 0 0 rg BT 147.62 572.60 Td (of ) Tj ET Q q 0 0 0 rg BT 157.79 572.60 Td (our ) Tj ET Q q 0 0 0 rg BT 172.97 572.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 218.69 572.60 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 258.03 572.60 Td (Duration ) Tj ET Q q 0 0 0 rg BT 295.42 572.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 334.47 572.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.53 572.60 Td (price ) Tj ET Q q 0 0 0 rg BT 370.36 572.60 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 413.31 572.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.49 572.60 Td (a ) Tj ET Q q 0 0 0 rg BT 429.77 572.60 Td (security ) Tj ET Q q 0 0 0 rg BT 463.27 572.60 Td (to ) Tj ET Q q 0 0 0 rg BT 472.89 572.60 Td (a ) Tj ET Q q 0 0 0 rg BT 479.17 572.60 Td (small ) Tj ET Q q 0 0 0 rg BT 502.68 572.60 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 560.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.01 560.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 122.67 560.60 Td (rates. ) Tj ET Q q 0 0 0 rg BT 146.12 560.60 Td (When ) Tj ET Q q 0 0 0 rg BT 172.23 560.60 Td (the ) Tj ET Q q 0 0 0 rg BT 186.67 560.60 Td (durations ) Tj ET Q q 0 0 0 rg BT 226.12 560.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.68 560.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 262.24 560.60 Td (and ) Tj ET Q q 0 0 0 rg BT 278.91 560.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 318.36 560.60 Td (are ) Tj ET Q q 0 0 0 rg BT 332.80 560.60 Td (similar) Tj ET Q q 0 0 0 rg BT 360.17 560.60 Td (, ) Tj ET Q q 0 0 0 rg BT 364.90 560.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 403.23 560.60 Td (to ) Tj ET Q q 0 0 0 rg BT 413.24 560.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 444.90 560.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 462.12 560.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 479.35 560.60 Td (is ) Tj ET Q q 0 0 0 rg BT 488.25 560.60 Td (minimized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 548.60 Td (because ) Tj ET Q q 0 0 0 rg BT 114.70 548.60 Td (a ) Tj ET Q q 0 0 0 rg BT 121.20 548.60 Td (change ) Tj ET Q q 0 0 0 rg BT 151.57 548.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.41 548.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.69 548.60 Td (value ) Tj ET Q q 0 0 0 rg BT 199.40 548.60 Td (of ) Tj ET Q q 0 0 0 rg BT 209.79 548.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 235.17 548.60 Td (could ) Tj ET Q q 0 0 0 rg BT 259.45 548.60 Td (be ) Tj ET Q q 0 0 0 rg BT 270.95 548.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 308.54 548.60 Td (to ) Tj ET Q q 0 0 0 rg BT 318.37 548.60 Td (be ) Tj ET Q q 0 0 0 rg BT 329.87 548.60 Td (lar) Tj ET Q q 0 0 0 rg BT 340.24 548.60 Td (gely ) Tj ET Q q 0 0 0 rg BT 359.51 548.60 Td (of) Tj ET Q q 0 0 0 rg BT 367.66 548.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 384.16 548.60 Td (by ) Tj ET Q q 0 0 0 rg BT 396.21 548.60 Td (a ) Tj ET Q q 0 0 0 rg BT 402.71 548.60 Td (change ) Tj ET Q q 0 0 0 rg BT 433.08 548.60 Td (in ) Tj ET Q q 0 0 0 rg BT 442.92 548.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.20 548.60 Td (value ) Tj ET Q q 0 0 0 rg BT 480.91 548.60 Td (of ) Tj ET Q q 0 0 0 rg BT 491.30 548.60 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 527.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.84 527.60 Td (duration ) Tj ET Q q 0 0 0 rg BT 160.45 527.60 Td (of ) Tj ET Q q 0 0 0 rg BT 172.08 527.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.58 527.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 234.76 527.60 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 275.54 527.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 318.27 527.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 339.33 527.60 Td (and ) Tj ET Q q 0 0 0 rg BT 357.06 527.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 378.12 527.60 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 429.45 527.60 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 479.11 527.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 507.40 527.60 Td (loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 515.60 Td (common ) Tj ET Q q 0 0 0 rg BT 120.89 515.60 Td (stocks ) Tj ET Q q 0 0 0 rg BT 150.79 515.60 Td (and ) Tj ET Q q 0 0 0 rg BT 170.12 515.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.23 515.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 229.33 515.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 257.55 515.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.78 515.60 Td (the ) Tj ET Q q 0 0 0 rg BT 287.89 515.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 315.01 515.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 354.90 515.60 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 407.55 515.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 454.08 515.60 Td (with ) Tj ET Q q 0 0 0 rg BT 476.76 515.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 509.44 515.60 Td (as ) Tj ET Q q 0 0 0 rg BT 522.67 515.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 503.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.26 503.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.26 503.60 Td (, ) Tj ET Q q 0 0 0 rg BT 166.26 503.60 Td (is ) Tj ET Q q 0 0 0 rg BT 175.43 503.60 Td (summarized ) Tj ET Q q 0 0 0 rg BT 226.81 503.60 Td (as ) Tj ET Q q 0 0 0 rg BT 237.64 503.60 Td (follows: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.00 492.80 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 442.30 327.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 442.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 442.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 442.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 442.30 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 412.30 327.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 412.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 412.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 412.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 412.30 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 382.30 327.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 382.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 382.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 382.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 382.30 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 442.3 m 407.5 442.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 442.3 m 411.5 442.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 442.3 m 471.5 442.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 442.3 m 475.5 442.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 442.3 m 530.5 442.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 442.3 m 407.5 442.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 442.3 m 411.5 442.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 442.3 m 471.5 442.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 442.3 m 475.5 442.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 442.3 m 530.5 442.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 367.3 m 471.5 367.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 353.3 m 471.5 353.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 351.3 m 471.5 351.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 367.3 m 530.5 367.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 353.3 m 530.5 353.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 351.3 m 530.5 351.3 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 471.53 Td (\(dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 446.53 Td (Duration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 446.53 Td (Amortized Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.95 446.53 Td (% of Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 431.55 Td (0-4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.00 431.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 431.55 Td (7,956) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 431.55 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 431.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 416.55 Td (5-9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 416.55 Td (5,728) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 416.55 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 416.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 401.55 Td (10-14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 401.55 Td (4,468) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 401.55 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 401.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 386.55 Td (15-19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 386.55 Td (1,148) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 386.55 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 386.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 371.55 Td (20-25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 371.55 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 371.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 371.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 356.53 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.00 356.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 356.55 Td (19,308) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 356.55 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 356.55 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 326.40 Td (Cr) Tj ET Q q 0 0 0 rg BT 92.48 326.40 Td (edit Risk and Counterparty Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 307.40 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 307.40 Td (e ) Tj ET Q q 0 0 0 rg BT 118.87 307.40 Td (are ) Tj ET Q q 0 0 0 rg BT 133.37 307.40 Td (exposed ) Tj ET Q q 0 0 0 rg BT 168.43 307.40 Td (to ) Tj ET Q q 0 0 0 rg BT 178.51 307.40 Td (the ) Tj ET Q q 0 0 0 rg BT 193.02 307.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 210.31 307.40 Td (that ) Tj ET Q q 0 0 0 rg BT 227.60 307.40 Td (a ) Tj ET Q q 0 0 0 rg BT 234.33 307.40 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 287.16 307.40 Td (will ) Tj ET Q q 0 0 0 rg BT 305.01 307.40 Td (default ) Tj ET Q q 0 0 0 rg BT 335.07 307.40 Td (on ) Tj ET Q q 0 0 0 rg BT 347.36 307.40 Td (its ) Tj ET Q q 0 0 0 rg BT 359.10 307.40 Td (contractual ) Tj ET Q q 0 0 0 rg BT 405.82 307.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 448.66 307.40 Td (resulting ) Tj ET Q q 0 0 0 rg BT 485.95 307.40 Td (in ) Tj ET Q q 0 0 0 rg BT 496.02 307.40 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 295.40 Td (loss. ) Tj ET Q q 0 0 0 rg BT 100.68 295.40 Td (The ) Tj ET Q q 0 0 0 rg BT 117.97 295.40 Td (major ) Tj ET Q q 0 0 0 rg BT 143.03 295.40 Td (source ) Tj ET Q q 0 0 0 rg BT 170.88 295.40 Td (of ) Tj ET Q q 0 0 0 rg BT 180.95 295.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 205.45 295.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 222.20 295.40 Td (arises ) Tj ET Q q 0 0 0 rg BT 246.71 295.40 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 306.77 295.40 Td (in ) Tj ET Q q 0 0 0 rg BT 316.29 295.40 Td (our ) Tj ET Q q 0 0 0 rg BT 331.36 295.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 371.42 295.40 Td (operations) Tj ET Q q 0 0 0 rg BT 415.66 295.40 Td ( ) Tj ET Q q 0 0 0 rg BT 417.40 295.40 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 458.03 295.40 Td (of ) Tj ET Q q 0 0 0 rg BT 468.11 295.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 487.06 295.40 Td (and ) Tj ET Q q 0 0 0 rg BT 503.25 295.40 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 283.40 Td (securities. ) Tj ET Q q 0 0 0 rg BT 123.39 283.40 Td (The ) Tj ET Q q 0 0 0 rg BT 141.22 283.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 157.38 283.40 Td (value ) Tj ET Q q 0 0 0 rg BT 181.33 283.40 Td (of ) Tj ET Q q 0 0 0 rg BT 191.95 283.40 Td (our ) Tj ET Q q 0 0 0 rg BT 207.56 283.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 230.40 283.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 266.57 283.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 303.85 283.40 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.35 283.40 Td ($19 ) Tj ET Q q 0 0 0 rg BT 350.64 283.40 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.75 283.40 Td ( ) Tj ET Q q 0 0 0 rg BT 379.04 283.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.76 283.40 Td ($18 ) Tj ET Q q 0 0 0 rg BT 413.05 283.40 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.16 283.40 Td ( ) Tj ET Q q 0 0 0 rg BT 441.45 283.40 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.96 283.40 Td (September30, ) Tj ET Q q 0 0 0 rg BT 511.01 283.40 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 271.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.80 271.40 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.80 271.40 Td (, ) Tj ET Q q 0 0 0 rg BT 122.66 271.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 170.32 271.40 Td (. ) Tj ET Q q 0 0 0 rg BT 175.18 271.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 193.09 271.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 218.21 271.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 235.57 271.40 Td (materializes ) Tj ET Q q 0 0 0 rg BT 286.24 271.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 325.81 271.40 Td (as ) Tj ET Q q 0 0 0 rg BT 336.50 271.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 384.96 271.40 Td (losses. ) Tj ET Q q 0 0 0 rg BT 413.54 271.40 Td (W) Tj ET Q q 0 0 0 rg BT 422.18 271.40 Td (e ) Tj ET Q q 0 0 0 rg BT 428.98 271.40 Td (are ) Tj ET Q q 0 0 0 rg BT 443.54 271.40 Td (exposed ) Tj ET Q q 0 0 0 rg BT 478.67 271.40 Td (to ) Tj ET Q q 0 0 0 rg BT 488.81 271.40 Td (occasional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 259.40 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 115.45 259.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 157.69 259.40 Td (downturns, ) Tj ET Q q 0 0 0 rg BT 205.77 259.40 Td (during ) Tj ET Q q 0 0 0 rg BT 235.24 259.40 Td (which ) Tj ET Q q 0 0 0 rg BT 263.05 259.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 312.51 259.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 339.76 259.40 Td (may ) Tj ET Q q 0 0 0 rg BT 360.34 259.40 Td (be ) Tj ET Q q 0 0 0 rg BT 373.14 259.40 Td (significantly ) Tj ET Q q 0 0 0 rg BT 426.50 259.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 455.41 259.40 Td (than ) Tj ET Q q 0 0 0 rg BT 475.99 259.40 Td (the ) Tj ET Q q 0 0 0 rg BT 491.57 259.40 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 247.40 Td (historical ) Tj ET Q q 0 0 0 rg BT 120.71 247.40 Td (average. ) Tj ET Q q 0 0 0 rg BT 156.61 247.40 Td (This ) Tj ET Q q 0 0 0 rg BT 176.89 247.40 Td (is ) Tj ET Q q 0 0 0 rg BT 186.05 247.40 Td (of) Tj ET Q q 0 0 0 rg BT 194.20 247.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 211.14 247.40 Td (by ) Tj ET Q q 0 0 0 rg BT 223.64 247.40 Td (years ) Tj ET Q q 0 0 0 rg BT 247.23 247.40 Td (where ) Tj ET Q q 0 0 0 rg BT 274.16 247.40 Td (we ) Tj ET Q q 0 0 0 rg BT 288.32 247.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 316.91 247.40 Td (the ) Tj ET Q q 0 0 0 rg BT 331.62 247.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 357.99 247.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 406.59 247.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 432.98 247.40 Td (to ) Tj ET Q q 0 0 0 rg BT 443.25 247.40 Td (be ) Tj ET Q q 0 0 0 rg BT 455.19 247.40 Td (substantially ) Tj ET Q q 0 0 0 rg BT 508.24 247.40 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 235.40 Td (than ) Tj ET Q q 0 0 0 rg BT 101.02 235.40 Td (the ) Tj ET Q q 0 0 0 rg BT 116.05 235.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 158.29 235.40 Td (average. ) Tj ET Q q 0 0 0 rg BT 194.68 235.40 Td (Credit ) Tj ET Q q 0 0 0 rg BT 222.48 235.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 240.29 235.40 Td (in ) Tj ET Q q 0 0 0 rg BT 250.87 235.40 Td (the ) Tj ET Q q 0 0 0 rg BT 265.89 235.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 303.70 235.40 Td (can ) Tj ET Q q 0 0 0 rg BT 320.38 235.40 Td (also ) Tj ET Q q 0 0 0 rg BT 339.29 235.40 Td (materialize ) Tj ET Q q 0 0 0 rg BT 386.52 235.40 Td (as ) Tj ET Q q 0 0 0 rg BT 397.65 235.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 438.21 235.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 467.67 235.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 522.68 235.40 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 223.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 107.02 223.40 Td (migrate ) Tj ET Q q 0 0 0 rg BT 140.26 223.40 Td (into ) Tj ET Q q 0 0 0 rg BT 158.51 223.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 183.97 223.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 209.43 223.40 Td (qualities ) Tj ET Q q 0 0 0 rg BT 246.01 223.40 Td (over ) Tj ET Q q 0 0 0 rg BT 266.47 223.40 Td (time. ) Tj ET Q q 0 0 0 rg BT 289.24 223.40 Td (The ) Tj ET Q q 0 0 0 rg BT 307.49 223.40 Td (ef) Tj ET Q q 0 0 0 rg BT 315.07 223.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 332.75 223.40 Td (of ) Tj ET Q q 0 0 0 rg BT 343.78 223.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 369.80 223.40 Td (migration ) Tj ET Q q 0 0 0 rg BT 411.37 223.40 Td (on ) Tj ET Q q 0 0 0 rg BT 424.07 223.40 Td (our ) Tj ET Q q 0 0 0 rg BT 440.09 223.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 469.44 223.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 524.33 223.40 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 211.40 Td (also ) Tj ET Q q 0 0 0 rg BT 99.47 211.40 Td (dependent ) Tj ET Q q 0 0 0 rg BT 142.93 211.40 Td (on ) Tj ET Q q 0 0 0 rg BT 155.29 211.40 Td (the ) Tj ET Q q 0 0 0 rg BT 169.87 211.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 211.10 211.40 Td (cycle ) Tj ET Q q 0 0 0 rg BT 234.56 211.40 Td (and ) Tj ET Q q 0 0 0 rg BT 251.36 211.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 291.48 211.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 313.28 211.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 361.74 211.40 Td (levels ) Tj ET Q q 0 0 0 rg BT 387.42 211.40 Td (may ) Tj ET Q q 0 0 0 rg BT 407.00 211.40 Td (go ) Tj ET Q q 0 0 0 rg BT 419.37 211.40 Td (hand ) Tj ET Q q 0 0 0 rg BT 441.17 211.40 Td (in ) Tj ET Q q 0 0 0 rg BT 451.31 211.40 Td (hand ) Tj ET Q q 0 0 0 rg BT 473.11 211.40 Td (with ) Tj ET Q q 0 0 0 rg BT 493.25 211.40 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 199.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 102.94 199.40 Td (related ) Tj ET Q q 0 0 0 rg BT 132.64 199.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 161.79 199.40 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 180.40 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 180.40 Td (e ) Tj ET Q q 0 0 0 rg BT 118.18 180.40 Td (manage ) Tj ET Q q 0 0 0 rg BT 150.87 180.40 Td (the ) Tj ET Q q 0 0 0 rg BT 164.68 180.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 181.28 180.40 Td (of ) Tj ET Q q 0 0 0 rg BT 191.21 180.40 Td (default ) Tj ET Q q 0 0 0 rg BT 220.58 180.40 Td (and ) Tj ET Q q 0 0 0 rg BT 236.61 180.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 261.54 180.40 Td (migration ) Tj ET Q q 0 0 0 rg BT 302.02 180.40 Td (by ) Tj ET Q q 0 0 0 rg BT 313.62 180.40 Td (applying ) Tj ET Q q 0 0 0 rg BT 350.21 180.40 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 395.69 180.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 420.06 180.40 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 463.30 180.40 Td (and ) Tj ET Q q 0 0 0 rg BT 479.34 180.40 Td (underwriting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 168.40 Td (standards ) Tj ET Q q 0 0 0 rg BT 120.87 168.40 Td (and ) Tj ET Q q 0 0 0 rg BT 137.42 168.40 Td (limiting ) Tj ET Q q 0 0 0 rg BT 171.19 168.40 Td (allocations ) Tj ET Q q 0 0 0 rg BT 216.62 168.40 Td (to ) Tj ET Q q 0 0 0 rg BT 226.51 168.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 251.38 168.40 Td (quality) Tj ET Q q 0 0 0 rg BT 278.50 168.40 Td (, ) Tj ET Q q 0 0 0 rg BT 283.11 168.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 310.76 168.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 327.87 168.40 Td (investments. ) Tj ET Q q 0 0 0 rg BT 380.25 168.40 Td (In ) Tj ET Q q 0 0 0 rg BT 390.68 168.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 428.06 168.40 Td (we ) Tj ET Q q 0 0 0 rg BT 441.83 168.40 Td (diversify ) Tj ET Q q 0 0 0 rg BT 479.48 168.40 Td (our ) Tj ET Q q 0 0 0 rg BT 494.92 168.40 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 156.40 Td (by ) Tj ET Q q 0 0 0 rg BT 93.78 156.40 Td (issuer ) Tj ET Q q 0 0 0 rg BT 119.89 156.40 Td (and ) Tj ET Q q 0 0 0 rg BT 137.12 156.40 Td (country) Tj ET Q q 0 0 0 rg BT 167.01 156.40 Td (, ) Tj ET Q q 0 0 0 rg BT 172.29 156.40 Td (using ) Tj ET Q q 0 0 0 rg BT 196.75 156.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 222.85 156.40 Td (based ) Tj ET Q q 0 0 0 rg BT 248.41 156.40 Td (issuer ) Tj ET Q q 0 0 0 rg BT 274.52 156.40 Td (and ) Tj ET Q q 0 0 0 rg BT 291.74 156.40 Td (country ) Tj ET Q q 0 0 0 rg BT 325.07 156.40 Td (limits. ) Tj ET Q q 0 0 0 rg BT 352.93 156.40 Td (W) Tj ET Q q 0 0 0 rg BT 361.57 156.40 Td (e ) Tj ET Q q 0 0 0 rg BT 368.79 156.40 Td (also ) Tj ET Q q 0 0 0 rg BT 387.68 156.40 Td (set ) Tj ET Q q 0 0 0 rg BT 401.57 156.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 448.24 156.40 Td (constraints ) Tj ET Q q 0 0 0 rg BT 494.34 156.40 Td (that ) Tj ET Q q 0 0 0 rg BT 512.12 156.40 Td (limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 144.40 Td (our ) Tj ET Q q 0 0 0 rg BT 96.84 144.40 Td (exposure ) Tj ET Q q 0 0 0 rg BT 135.45 144.40 Td (by ) Tj ET Q q 0 0 0 rg BT 147.96 144.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 183.25 144.40 Td (segment. ) Tj ET Q q 0 0 0 rg BT 221.41 144.40 Td (T) Tj ET Q q 0 0 0 rg BT 226.82 144.40 Td (o ) Tj ET Q q 0 0 0 rg BT 234.33 144.40 Td (limit ) Tj ET Q q 0 0 0 rg BT 255.73 144.40 Td (the ) Tj ET Q q 0 0 0 rg BT 270.46 144.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 300.18 144.40 Td (that ) Tj ET Q q 0 0 0 rg BT 317.69 144.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 342.96 144.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 360.47 144.40 Td (can ) Tj ET Q q 0 0 0 rg BT 376.86 144.40 Td (have ) Tj ET Q q 0 0 0 rg BT 398.25 144.40 Td (on ) Tj ET Q q 0 0 0 rg BT 410.76 144.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 447.15 144.40 Td (and ) Tj ET Q q 0 0 0 rg BT 464.10 144.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 493.26 144.40 Td (adequacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 132.40 Td (levels, ) Tj ET Q q 0 0 0 rg BT 108.69 132.40 Td (we ) Tj ET Q q 0 0 0 rg BT 122.22 132.40 Td (have ) Tj ET Q q 0 0 0 rg BT 142.96 132.40 Td (portfolio-level ) Tj ET Q q 0 0 0 rg BT 202.59 132.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 227.22 132.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 244.08 132.40 Td (constraints ) Tj ET Q q 0 0 0 rg BT 289.28 132.40 Td (in ) Tj ET Q q 0 0 0 rg BT 298.92 132.40 Td (place. ) Tj ET Q q 0 0 0 rg BT 324.38 132.40 Td (Limit ) Tj ET Q q 0 0 0 rg BT 348.47 132.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 396.43 132.40 Td (is ) Tj ET Q q 0 0 0 rg BT 404.96 132.40 Td (monitored ) Tj ET Q q 0 0 0 rg BT 447.93 132.40 Td (on ) Tj ET Q q 0 0 0 rg BT 459.80 132.40 Td (a ) Tj ET Q q 0 0 0 rg BT 466.10 132.40 Td (daily ) Tj ET Q q 0 0 0 rg BT 487.97 132.40 Td (or) Tj ET Q q 0 0 0 rg BT 495.90 132.40 Td (, ) Tj ET Q q 0 0 0 rg BT 500.26 132.40 Td (in ) Tj ET Q q 0 0 0 rg BT 509.91 132.40 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 120.40 Td (cases, ) Tj ET Q q 0 0 0 rg BT 107.10 120.40 Td (monthly ) Tj ET Q q 0 0 0 rg BT 142.93 120.40 Td (basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 101.40 Td (In ) Tj ET Q q 0 0 0 rg BT 113.17 101.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 158.37 101.40 Td (with ) Tj ET Q q 0 0 0 rg BT 177.49 101.40 Td (the ) Tj ET Q q 0 0 0 rg BT 191.04 101.40 Td (use ) Tj ET Q q 0 0 0 rg BT 205.70 101.40 Td (of ) Tj ET Q q 0 0 0 rg BT 215.37 101.40 Td (call ) Tj ET Q q 0 0 0 rg BT 231.14 101.40 Td (options, ) Tj ET Q q 0 0 0 rg BT 264.42 101.40 Td (we ) Tj ET Q q 0 0 0 rg BT 277.42 101.40 Td (are ) Tj ET Q q 0 0 0 rg BT 290.96 101.40 Td (exposed ) Tj ET Q q 0 0 0 rg BT 325.06 101.40 Td (to ) Tj ET Q q 0 0 0 rg BT 334.18 101.40 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 386.05 101.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 410.15 101.40 Td (risk-the ) Tj ET Q q 0 0 0 rg BT 442.03 101.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 458.36 101.40 Td (that ) Tj ET Q q 0 0 0 rg BT 474.69 101.40 Td (a ) Tj ET Q q 0 0 0 rg BT 480.47 101.40 Td (counterparty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 89.40 Td (fails ) Tj ET Q q 0 0 0 rg BT 100.92 89.40 Td (to ) Tj ET Q q 0 0 0 rg BT 111.41 89.40 Td (perform ) Tj ET Q q 0 0 0 rg BT 146.32 89.40 Td (under ) Tj ET Q q 0 0 0 rg BT 171.80 89.40 Td (the ) Tj ET Q q 0 0 0 rg BT 186.73 89.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 211.65 89.40 Td (of ) Tj ET Q q 0 0 0 rg BT 222.69 89.40 Td (the ) Tj ET Q q 0 0 0 rg BT 237.61 89.40 Td (derivative ) Tj ET Q q 0 0 0 rg BT 280.30 89.40 Td (contract. ) Tj ET Q q 0 0 0 rg BT 317.51 89.40 Td (W) Tj ET Q q 0 0 0 rg BT 326.15 89.40 Td (e ) Tj ET Q q 0 0 0 rg BT 333.30 89.40 Td (have ) Tj ET Q q 0 0 0 rg BT 354.88 89.40 Td (adopted ) Tj ET Q q 0 0 0 rg BT 389.24 89.40 Td (a ) Tj ET Q q 0 0 0 rg BT 396.39 89.40 Td (policy ) Tj ET Q q 0 0 0 rg BT 424.09 89.40 Td (of ) Tj ET Q q 0 0 0 rg BT 435.13 89.40 Td (only ) Tj ET Q q 0 0 0 rg BT 455.62 89.40 Td (dealing ) Tj ET Q q 0 0 0 rg BT 487.76 89.40 Td (with ) Tj ET Q q 0 0 0 rg BT 508.24 89.40 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 77.40 Td (worthy ) Tj ET Q q 0 0 0 rg BT 111.52 77.40 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 170.35 77.40 Td (and ) Tj ET Q q 0 0 0 rg BT 186.97 77.40 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 226.93 77.40 Td (suf) Tj ET Q q 0 0 0 rg BT 238.97 77.40 Td (ficient ) Tj ET Q q 0 0 0 rg BT 266.70 77.40 Td (collateral ) Tj ET Q q 0 0 0 rg BT 306.09 77.40 Td (where ) Tj ET Q q 0 0 0 rg BT 332.70 77.40 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 382.92 77.40 Td (as ) Tj ET Q q 0 0 0 rg BT 393.44 77.40 Td (a ) Tj ET Q q 0 0 0 rg BT 400.07 77.40 Td (means ) Tj ET Q q 0 0 0 rg BT 427.80 77.40 Td (of ) Tj ET Q q 0 0 0 rg BT 438.32 77.40 Td (mitigating ) Tj ET Q q 0 0 0 rg BT 481.62 77.40 Td (the ) Tj ET Q q 0 0 0 rg BT 496.02 77.40 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 65.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 97.88 65.40 Td (from ) Tj ET Q q 0 0 0 rg BT 118.64 65.40 Td (defaults. ) Tj ET Q q 0 0 0 rg BT 154.02 65.40 Td (The ) Tj ET Q q 0 0 0 rg BT 170.88 65.40 Td (exposure ) Tj ET Q q 0 0 0 rg BT 208.30 65.40 Td (and ) Tj ET Q q 0 0 0 rg BT 224.05 65.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 248.14 65.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 272.78 65.40 Td (of ) Tj ET Q q 0 0 0 rg BT 282.43 65.40 Td (the ) Tj ET Q q 0 0 0 rg BT 295.96 65.40 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 353.92 65.40 Td (are ) Tj ET Q q 0 0 0 rg BT 367.45 65.40 Td (continuously ) Tj ET Q q 0 0 0 rg BT 420.43 65.40 Td (monitored ) Tj ET Q q 0 0 0 rg BT 462.85 65.40 Td (and ) Tj ET Q q 0 0 0 rg BT 478.61 65.40 Td (the ) Tj ET Q q 0 0 0 rg BT 492.15 65.40 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 53.40 Td (value ) Tj ET Q q 0 0 0 rg BT 104.62 53.40 Td (of ) Tj ET Q q 0 0 0 rg BT 114.92 53.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 164.66 53.40 Td (concluded ) Tj ET Q q 0 0 0 rg BT 207.72 53.40 Td (is ) Tj ET Q q 0 0 0 rg BT 216.36 53.40 Td (spread ) Tj ET Q q 0 0 0 rg BT 244.43 53.40 Td (amongst ) Tj ET Q q 0 0 0 rg BT 280.28 53.40 Td (five ) Tj ET Q q 0 0 0 rg BT 297.80 53.40 Td (dif) Tj ET Q q 0 0 0 rg BT 308.73 53.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 334.01 53.40 Td (approved ) Tj ET Q q 0 0 0 rg BT 373.19 53.40 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 431.80 53.40 Td (to ) Tj ET Q q 0 0 0 rg BT 441.54 53.40 Td (limit ) Tj ET Q q 0 0 0 rg BT 462.41 53.40 Td (the ) Tj ET Q q 0 0 0 rg BT 476.59 53.40 Td (concentration ) Tj ET Q endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 92.54 735.60 Td (one ) Tj ET Q q 0 0 0 rg BT 110.75 735.60 Td (counterparty) Tj ET Q q 0 0 0 rg BT 160.63 735.60 Td (. ) Tj ET Q q 0 0 0 rg BT 166.90 735.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 186.22 735.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 214.98 735.60 Td (allows ) Tj ET Q q 0 0 0 rg BT 244.85 735.60 Td (for ) Tj ET Q q 0 0 0 rg BT 260.28 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.26 735.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 315.57 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 327.67 735.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 371.41 735.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 421.84 735.60 Td (from ) Tj ET Q q 0 0 0 rg BT 445.05 735.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 505.46 735.60 Td (and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (clearinghouses ) Tj ET Q q 0 0 0 rg BT 142.77 723.60 Td (that ) Tj ET Q q 0 0 0 rg BT 160.11 723.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 181.89 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.45 723.60 Td (required ) Tj ET Q q 0 0 0 rg BT 232.12 723.60 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 288.89 723.60 Td (under ) Tj ET Q q 0 0 0 rg BT 314.01 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.57 723.60 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 350.90 723.60 Td (Code. ) Tj ET Q q 0 0 0 rg BT 376.69 723.60 Td (The ) Tj ET Q q 0 0 0 rg BT 394.58 723.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 427.47 723.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 452.58 723.60 Td (department ) Tj ET Q q 0 0 0 rg BT 499.91 723.60 Td (reviews ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.30 711.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 124.60 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 135.01 711.60 Td (all ) Tj ET Q q 0 0 0 rg BT 147.09 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.39 711.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 220.11 711.60 Td (periodically) Tj ET Q q 0 0 0 rg BT 267.22 711.60 Td (. ) Tj ET Q q 0 0 0 rg BT 271.80 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.89 711.60 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 315.40 711.60 Td (support ) Tj ET Q q 0 0 0 rg BT 347.48 711.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 392.89 711.60 Td (are ) Tj ET Q q 0 0 0 rg BT 407.18 711.60 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 450.91 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 460.77 711.60 Td (further ) Tj ET Q q 0 0 0 rg BT 490.06 711.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 518.79 711.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 119.15 699.60 Td (when ) Tj ET Q q 0 0 0 rg BT 142.86 699.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 176.01 699.60 Td (necessary) Tj ET Q q 0 0 0 rg BT 214.23 699.60 Td (. ) Tj ET Q q 0 0 0 rg BT 218.78 699.60 Td (See ) Tj ET Q q 0 0 0 rg BT 235.27 699.60 Td ("Note ) Tj ET Q q 0 0 0 rg BT 260.84 699.60 Td (5. ) Tj ET Q q 0 0 0 rg BT 270.40 699.60 Td (Derivatives" ) Tj ET Q q 0 0 0 rg BT 322.62 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 332.45 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 347.84 699.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 379.32 699.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 434.15 699.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 473.41 699.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 519.35 699.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 123.49 687.60 Td (information ) Tj ET Q q 0 0 0 rg BT 173.20 687.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 214.02 687.60 Td (our ) Tj ET Q q 0 0 0 rg BT 229.85 687.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 268.45 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.72 687.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 303.99 687.60 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 668.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 153.86 668.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 194.77 668.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.58 668.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 256.76 668.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 295.45 668.60 Td (to ) Tj ET Q q 0 0 0 rg BT 305.82 668.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 331.18 668.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 349.34 668.60 Td (on ) Tj ET Q q 0 0 0 rg BT 361.94 668.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.75 668.60 Td (call ) Tj ET Q q 0 0 0 rg BT 393.78 668.60 Td (options ) Tj ET Q q 0 0 0 rg BT 425.82 668.60 Td (it ) Tj ET Q q 0 0 0 rg BT 433.97 668.60 Td (holds ) Tj ET Q q 0 0 0 rg BT 458.24 668.60 Td (is ) Tj ET Q q 0 0 0 rg BT 467.50 668.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 508.41 668.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.79 668.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.60 Td (following ) Tj ET Q q 0 0 0 rg BT 122.39 656.60 Td (table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 568.10 63.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 568.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 568.10 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 568.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 568.10 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 568.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 568.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 568.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 568.10 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 568.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 568.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 568.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 568.10 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 568.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 568.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 568.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 568.10 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 568.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 568.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 525.10 63.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 525.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 525.10 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 525.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 525.10 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 525.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 525.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 525.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 525.10 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 525.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 525.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 525.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 525.10 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 525.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 525.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 525.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 525.10 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 525.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 525.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 477.10 63.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 477.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 477.10 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 477.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 477.10 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 477.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 477.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 477.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 477.10 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 477.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 477.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 477.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 477.10 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 477.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 477.10 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 477.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 477.10 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 477.10 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 477.10 36.00 -19.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 630.1 m 233.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 630.1 m 237.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 630.1 m 273.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 630.1 m 277.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 630.1 m 319.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 630.1 m 323.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 630.1 m 359.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 630.1 m 404.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 630.1 m 408.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 630.1 m 444.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 630.1 m 448.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 630.1 m 490.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 630.1 m 494.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 630.1 m 530.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 585.1 m 143.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 585.1 m 188.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 585.1 m 233.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 585.1 m 273.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 585.1 m 319.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 585.1 m 359.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 585.1 m 404.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 585.1 m 444.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 585.1 m 490.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 585.1 m 530.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 585.1 m 143.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 585.1 m 188.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 585.1 m 233.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 585.1 m 273.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 585.1 m 319.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 585.1 m 359.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 585.1 m 404.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 585.1 m 444.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 585.1 m 490.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 585.1 m 530.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 477.1 m 233.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 477.1 m 273.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 477.1 m 319.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 477.1 m 359.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 477.1 m 404.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 477.1 m 444.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 477.1 m 490.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 477.1 m 530.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 477.1 m 233.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 459.1 m 233.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 457.1 m 233.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 477.1 m 273.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 459.1 m 273.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 457.1 m 273.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 477.1 m 319.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 459.1 m 319.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 457.1 m 319.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 477.1 m 359.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 459.1 m 359.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 457.1 m 359.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 477.1 m 404.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 459.1 m 404.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 457.1 m 404.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 477.1 m 444.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 459.1 m 444.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 457.1 m 444.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 477.1 m 490.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 459.1 m 490.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 457.1 m 490.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 477.1 m 530.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 459.1 m 530.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 457.1 m 530.5 457.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 634.33 Td (\(dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.10 634.33 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.10 634.33 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.90 589.33 Td (Counterparty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.45 621.33 Td (Credit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 155.90 613.33 Td (Rating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.15 605.33 Td (\(Fitch/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 151.70 597.33 Td (Moody's/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 152.50 589.33 Td (S&P\) \(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.80 597.33 Td (Notional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.45 589.33 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.70 597.33 Td (Fair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.35 589.33 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.85 589.33 Td (Collateral) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.00 605.33 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.95 597.33 Td (Credit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.20 589.33 Td (Risk) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.80 597.33 Td (Notional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.45 589.33 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.70 597.33 Td (Fair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.35 589.33 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.85 589.33 Td (Collateral) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.00 605.33 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.95 597.33 Td (Credit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.20 589.33 Td (Risk) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 572.35 Td (Merrill Lynch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.90 572.33 Td ( ) Tj ET Q q 0 0 0 rg BT 158.46 572.33 Td (A/*/A) Tj ET Q q 0 0 0 rg BT 178.02 572.33 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.00 572.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.25 572.35 Td (2,302) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.00 572.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.30 572.35 Td (55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.00 572.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 572.35 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.00 572.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.30 572.35 Td (45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.00 572.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 572.35 Td (2,233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 572.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 572.35 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.00 572.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 572.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.00 572.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 572.35 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 553.35 Td (Deutsche Bank) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.60 560.18 Td ( */Baa3/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 157.20 552.18 Td (BBB+ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.25 553.35 Td (1,620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.30 553.35 Td (46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 553.35 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.30 553.35 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 553.35 Td (2,482) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 553.35 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 553.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 553.35 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 529.35 Td (Morgan Stanley) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 154.70 529.33 Td ( */A1/A) Tj ET Q q 0 0 0 rg BT 180.26 529.33 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.25 529.35 Td (2,952) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.30 529.35 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 529.35 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.30 529.35 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 529.35 Td (4,086) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 529.35 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.30 529.35 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 529.35 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 510.35 Td (Barclay's Bank) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.15 510.33 Td ( */A2/A- ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.25 510.35 Td (1,389) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.30 510.35 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 510.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.30 510.35 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.25 510.35 Td (392) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 510.35 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 510.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 510.35 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 497.35 Td (Canadian) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 489.35 Td (Imperial Bank of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 481.35 Td (Commerce) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 152.50 489.33 Td ( ) Tj ET Q q 0 0 0 rg BT 154.06 489.33 Td (AA-/A3/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.30 481.33 Td (A+ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.25 481.35 Td (1,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.30 481.35 Td (49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 481.35 Td (48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.30 481.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 481.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 481.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 481.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 481.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 462.35 Td ( Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.00 462.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.25 462.35 Td (9,886) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.00 462.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.30 462.35 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.00 462.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.25 462.35 Td (128) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.00 462.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 462.35 Td (148) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.00 462.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 462.35 Td (9,193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 462.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 462.35 Td (81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.00 462.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.30 462.35 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.00 462.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 462.35 Td (74) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 443.60 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 94.60 443.60 Td ( ) Tj ET Q q 0 0 0 rg BT 96.55 443.60 Td (An ) Tj ET Q q 0 0 0 rg BT 111.27 443.60 Td (* ) Tj ET Q q 0 0 0 rg BT 118.77 443.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 161.81 443.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 187.07 443.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 216.79 443.60 Td (that ) Tj ET Q q 0 0 0 rg BT 234.28 443.60 Td (were ) Tj ET Q q 0 0 0 rg BT 256.21 443.60 Td (not ) Tj ET Q q 0 0 0 rg BT 271.49 443.60 Td (available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 419.60 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 419.60 Td (e ) Tj ET Q q 0 0 0 rg BT 119.03 419.60 Td (also ) Tj ET Q q 0 0 0 rg BT 137.60 419.60 Td (have ) Tj ET Q q 0 0 0 rg BT 158.93 419.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 184.16 419.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 201.61 419.60 Td (related ) Tj ET Q q 0 0 0 rg BT 231.27 419.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.51 419.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.18 419.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 284.19 419.60 Td (of ) Tj ET Q q 0 0 0 rg BT 294.98 419.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 343.52 419.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 402.62 419.60 Td (to ) Tj ET Q q 0 0 0 rg BT 412.85 419.60 Td (honor ) Tj ET Q q 0 0 0 rg BT 438.64 419.60 Td (their ) Tj ET Q q 0 0 0 rg BT 459.43 419.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 506.33 419.60 Td (to ) Tj ET Q q 0 0 0 rg BT 516.56 419.60 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 407.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.30 407.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 129.59 407.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 165.56 407.60 Td (under ) Tj ET Q q 0 0 0 rg BT 190.41 407.60 Td (various ) Tj ET Q q 0 0 0 rg BT 221.93 407.60 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 271.90 407.60 Td (T) Tj ET Q q 0 0 0 rg BT 277.31 407.60 Td (o ) Tj ET Q q 0 0 0 rg BT 284.39 407.60 Td (minimize ) Tj ET Q q 0 0 0 rg BT 324.24 407.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.55 407.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 355.63 407.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.04 407.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 390.89 407.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 408.54 407.60 Td (on ) Tj ET Q q 0 0 0 rg BT 420.62 407.60 Td (such ) Tj ET Q q 0 0 0 rg BT 441.03 407.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 481.71 407.60 Td (we ) Tj ET Q q 0 0 0 rg BT 495.46 407.60 Td (diversify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 395.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.19 395.60 Td (exposures ) Tj ET Q q 0 0 0 rg BT 140.03 395.60 Td (among ) Tj ET Q q 0 0 0 rg BT 170.11 395.60 Td (many ) Tj ET Q q 0 0 0 rg BT 195.18 395.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 237.46 395.60 Td (and ) Tj ET Q q 0 0 0 rg BT 254.76 395.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 276.51 395.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.58 395.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 324.43 395.60 Td (of ) Tj ET Q q 0 0 0 rg BT 335.62 395.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 374.57 395.60 Td (to ) Tj ET Q q 0 0 0 rg BT 385.21 395.60 Td (each ) Tj ET Q q 0 0 0 rg BT 406.38 395.60 Td (based ) Tj ET Q q 0 0 0 rg BT 432.01 395.60 Td (on ) Tj ET Q q 0 0 0 rg BT 444.86 395.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 470.48 395.60 Td (rating. ) Tj ET Q q 0 0 0 rg BT 498.96 395.60 Td (W) Tj ET Q q 0 0 0 rg BT 507.60 395.60 Td (e ) Tj ET Q q 0 0 0 rg BT 514.89 395.60 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 383.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 121.35 383.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 143.39 383.60 Td (our ) Tj ET Q q 0 0 0 rg BT 159.86 383.60 Td (selection ) Tj ET Q q 0 0 0 rg BT 198.55 383.60 Td (of ) Tj ET Q q 0 0 0 rg BT 210.03 383.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 269.81 383.60 Td (with ) Tj ET Q q 0 0 0 rg BT 290.74 383.60 Td (which ) Tj ET Q q 0 0 0 rg BT 318.32 383.60 Td (we ) Tj ET Q q 0 0 0 rg BT 333.13 383.60 Td (do ) Tj ET Q q 0 0 0 rg BT 346.27 383.60 Td (new ) Tj ET Q q 0 0 0 rg BT 366.08 383.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 416.99 383.60 Td (to ) Tj ET Q q 0 0 0 rg BT 427.91 383.60 Td (those ) Tj ET Q q 0 0 0 rg BT 452.17 383.60 Td (with ) Tj ET Q q 0 0 0 rg BT 473.09 383.60 Td (an ) Tj ET Q q 0 0 0 rg BT 485.68 383.60 Td (A- ) Tj ET Q q 0 0 0 rg BT 508.25 383.60 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 371.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 107.34 371.60 Td (or ) Tj ET Q q 0 0 0 rg BT 118.68 371.60 Td (above ) Tj ET Q q 0 0 0 rg BT 145.56 371.60 Td (or ) Tj ET Q q 0 0 0 rg BT 156.90 371.60 Td (that ) Tj ET Q q 0 0 0 rg BT 174.91 371.60 Td (are ) Tj ET Q q 0 0 0 rg BT 190.13 371.60 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 246.45 371.60 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 303.31 371.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.76 371.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 354.32 371.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 380.09 371.60 Td (for ) Tj ET Q q 0 0 0 rg BT 394.76 371.60 Td (reinsurance. ) Tj ET Q q 0 0 0 rg BT 446.14 371.60 Td (When ) Tj ET Q q 0 0 0 rg BT 473.02 371.60 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 518.80 371.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 359.60 Td (made ) Tj ET Q q 0 0 0 rg BT 104.72 359.60 Td (to ) Tj ET Q q 0 0 0 rg BT 114.56 359.60 Td (that ) Tj ET Q q 0 0 0 rg BT 131.61 359.60 Td (principle, ) Tj ET Q q 0 0 0 rg BT 171.72 359.60 Td (we ) Tj ET Q q 0 0 0 rg BT 185.44 359.60 Td (ensure ) Tj ET Q q 0 0 0 rg BT 213.60 359.60 Td (that ) Tj ET Q q 0 0 0 rg BT 230.66 359.60 Td (we ) Tj ET Q q 0 0 0 rg BT 244.38 359.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 271.44 359.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 310.70 359.60 Td (to ) Tj ET Q q 0 0 0 rg BT 320.54 359.60 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 355.37 359.60 Td (our ) Tj ET Q q 0 0 0 rg BT 370.76 359.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 387.82 359.60 Td (of ) Tj ET Q q 0 0 0 rg BT 398.21 359.60 Td (loss. ) Tj ET Q q 0 0 0 rg BT 418.19 359.60 Td (The ) Tj ET Q q 0 0 0 rg BT 435.80 359.60 Td (following ) Tj ET Q q 0 0 0 rg BT 476.75 359.60 Td (table ) Tj ET Q q 0 0 0 rg BT 498.24 359.60 Td (presents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 347.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.48 347.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 146.72 347.60 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 196.50 347.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 234.07 347.60 Td (and ) Tj ET Q q 0 0 0 rg BT 251.66 347.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.79 347.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 325.16 347.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 355.53 347.60 Td (for ) Tj ET Q q 0 0 0 rg BT 370.34 347.60 Td (our ) Tj ET Q q 0 0 0 rg BT 386.82 347.60 Td (five ) Tj ET Q q 0 0 0 rg BT 405.52 347.60 Td (lar) Tj ET Q q 0 0 0 rg BT 415.88 347.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 435.14 347.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 484.38 347.60 Td (recoverable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 335.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 117.92 335.60 Td (as ) Tj ET Q q 0 0 0 rg BT 128.75 335.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.58 335.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 199.85 335.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.85 335.60 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 277.10 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 277.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 277.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 277.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 277.10 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 277.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 277.10 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 277.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 277.10 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 247.10 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 247.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 247.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 247.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 247.10 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 247.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 247.10 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 247.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 247.10 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 215.10 255.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 215.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 215.10 52.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 215.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 215.10 44.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 215.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 215.10 41.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 215.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 215.10 41.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 313.1 m 440.5 313.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 298.1 m 440.5 298.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 313.1 m 444.5 313.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 298.1 m 444.5 298.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 313.1 m 485.5 313.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 298.1 m 485.5 298.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 313.1 m 489.5 313.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 298.1 m 489.5 298.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 313.1 m 530.5 313.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 298.1 m 530.5 298.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 277.1 m 336.5 277.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 277.1 m 392.5 277.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 277.1 m 440.5 277.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 277.1 m 485.5 277.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 277.1 m 530.5 277.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 277.1 m 392.5 277.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 302.35 Td (\(dollars in millions\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.85 302.35 Td (Financial Strength Rating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 281.33 Td (Parent Company/Principal Reinsurers) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.65 289.33 Td (Reinsurance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.85 281.33 Td (Recoverable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.00 281.33 Td (AM Best) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.70 281.33 Td (S&P) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 281.33 Td (Moody's) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 266.35 Td (W) Tj ET Q q 0 0 0 rg BT 91.23 266.35 Td (ilton Reinsurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.00 266.35 Td ($1,523) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.55 266.35 Td ( ) Tj ET Q q 0 0 0 rg BT 416.11 266.35 Td (A) Tj ET Q q 0 0 0 rg BT 421.44 266.35 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.15 266.35 Td ( Not Rated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.15 266.35 Td ( Not Rated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 251.35 Td (Front Street Re) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.00 251.35 Td (1,120) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.65 251.35 Td ( Not Rated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.15 251.35 Td ( Not Rated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.15 251.35 Td ( Not Rated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 236.35 Td (Scottish Re) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 236.35 Td (153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.65 236.35 Td (Not Rated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.15 236.35 Td (Not Rated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.15 236.35 Td (Not Rated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 219.35 Td (Security Life of Denver) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 219.35 Td (143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.30 219.35 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 219.35 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.60 219.35 Td (A2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 203.35 Td (London Life) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 203.35 Td (104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.55 203.35 Td ( ) Tj ET Q q 0 0 0 rg BT 416.11 203.35 Td (A) Tj ET Q q 0 0 0 rg BT 421.44 203.35 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.15 203.35 Td ( Not Rated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.15 203.35 Td ( Not Rated ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 180.60 Td (In ) Tj ET Q q 0 0 0 rg BT 114.53 180.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.44 180.60 Td (normal ) Tj ET Q q 0 0 0 rg BT 160.46 180.60 Td (course ) Tj ET Q q 0 0 0 rg BT 189.26 180.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.28 180.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 239.37 180.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 269.27 180.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 318.05 180.60 Td (recoverables ) Tj ET Q q 0 0 0 rg BT 371.27 180.60 Td (are ) Tj ET Q q 0 0 0 rg BT 386.18 180.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 417.20 180.60 Td (to ) Tj ET Q q 0 0 0 rg BT 427.67 180.60 Td (reviews ) Tj ET Q q 0 0 0 rg BT 461.47 180.60 Td (by ) Tj ET Q q 0 0 0 rg BT 474.17 180.60 Td (the ) Tj ET Q q 0 0 0 rg BT 489.08 180.60 Td (reinsurers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 168.60 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 168.60 Td (e ) Tj ET Q q 0 0 0 rg BT 98.86 168.60 Td (are ) Tj ET Q q 0 0 0 rg BT 115.84 168.60 Td (not ) Tj ET Q q 0 0 0 rg BT 133.40 168.60 Td (aware ) Tj ET Q q 0 0 0 rg BT 162.05 168.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.16 168.60 Td (any ) Tj ET Q q 0 0 0 rg BT 194.38 168.60 Td (material ) Tj ET Q q 0 0 0 rg BT 231.92 168.60 Td (disputes ) Tj ET Q q 0 0 0 rg BT 269.48 168.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 301.48 168.60 Td (from ) Tj ET Q q 0 0 0 rg BT 325.70 168.60 Td (these ) Tj ET Q q 0 0 0 rg BT 351.02 168.60 Td (reviews ) Tj ET Q q 0 0 0 rg BT 386.90 168.60 Td (or ) Tj ET Q q 0 0 0 rg BT 400.02 168.60 Td (other ) Tj ET Q q 0 0 0 rg BT 425.34 168.60 Td (communications ) Tj ET Q q 0 0 0 rg BT 496.22 168.60 Td (with ) Tj ET Q q 0 0 0 rg BT 518.78 168.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 156.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 140.14 156.60 Td (as ) Tj ET Q q 0 0 0 rg BT 150.97 156.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.80 156.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 222.06 156.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.06 156.60 Td ( ) Tj ET Q q 0 0 0 rg BT 244.56 156.60 Td (that ) Tj ET Q q 0 0 0 rg BT 262.06 156.60 Td (would ) Tj ET Q q 0 0 0 rg BT 289.56 156.60 Td (require ) Tj ET Q q 0 0 0 rg BT 320.38 156.60 Td (an ) Tj ET Q q 0 0 0 rg BT 332.31 156.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 375.35 156.60 Td (for ) Tj ET Q q 0 0 0 rg BT 389.51 156.60 Td (uncollectible ) Tj ET Q q 0 0 0 rg BT 443.65 156.60 Td (amounts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 125.60 Td (Equity Price Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 106.60 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 106.60 Td (e ) Tj ET Q q 0 0 0 rg BT 118.67 106.60 Td (are ) Tj ET Q q 0 0 0 rg BT 132.97 106.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 172.27 106.60 Td (exposed ) Tj ET Q q 0 0 0 rg BT 207.13 106.60 Td (to ) Tj ET Q q 0 0 0 rg BT 217.00 106.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 244.08 106.60 Td (price ) Tj ET Q q 0 0 0 rg BT 266.16 106.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 283.25 106.60 Td (through ) Tj ET Q q 0 0 0 rg BT 316.45 106.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 345.75 106.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 386.15 106.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 425.18 106.60 Td (specifically ) Tj ET Q q 0 0 0 rg BT 473.36 106.60 Td (those ) Tj ET Q q 0 0 0 rg BT 496.56 106.60 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 94.60 Td (with ) Tj ET Q q 0 0 0 rg BT 101.72 94.60 Td (GMWB. ) Tj ET Q q 0 0 0 rg BT 139.16 94.60 Td (W) Tj ET Q q 0 0 0 rg BT 147.80 94.60 Td (e ) Tj ET Q q 0 0 0 rg BT 155.18 94.60 Td (of) Tj ET Q q 0 0 0 rg BT 163.33 94.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 177.37 94.60 Td (a ) Tj ET Q q 0 0 0 rg BT 184.74 94.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 215.44 94.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.71 94.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 242.27 94.60 Td ( ) Tj ET Q q 0 0 0 rg BT 245.21 94.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 284.25 94.60 Td (with ) Tj ET Q q 0 0 0 rg BT 304.96 94.60 Td (crediting ) Tj ET Q q 0 0 0 rg BT 343.44 94.60 Td (strategies ) Tj ET Q q 0 0 0 rg BT 384.15 94.60 Td (linked ) Tj ET Q q 0 0 0 rg BT 412.08 94.60 Td (to ) Tj ET Q q 0 0 0 rg BT 422.80 94.60 Td (the ) Tj ET Q q 0 0 0 rg BT 437.95 94.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 491.41 94.60 Td (of ) Tj ET Q q 0 0 0 rg BT 502.68 94.60 Td (indices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 82.60 Td (such ) Tj ET Q q 0 0 0 rg BT 102.05 82.60 Td (as ) Tj ET Q q 0 0 0 rg BT 113.10 82.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.04 82.60 Td (S&P) Tj ET Q q 0 0 0 rg BT 146.57 82.60 Td ( ) Tj ET Q q 0 0 0 rg BT 149.29 82.60 Td (500 ) Tj ET Q q 0 0 0 rg BT 167.01 82.60 Td (Index, ) Tj ET Q q 0 0 0 rg BT 195.00 82.60 Td (Dow ) Tj ET Q q 0 0 0 rg BT 217.17 82.60 Td (Jones ) Tj ET Q q 0 0 0 rg BT 242.11 82.60 Td (Industrials ) Tj ET Q q 0 0 0 rg BT 287.05 82.60 Td (or ) Tj ET Q q 0 0 0 rg BT 298.10 82.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.04 82.60 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 357.43 82.60 Td (100 ) Tj ET Q q 0 0 0 rg BT 375.15 82.60 Td (Index. ) Tj ET Q q 0 0 0 rg BT 402.94 82.60 Td (The ) Tj ET Q q 0 0 0 rg BT 421.21 82.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 462.25 82.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 481.08 82.60 Td (of ) Tj ET Q q 0 0 0 rg BT 492.13 82.60 Td (providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 70.60 Td (GMWB ) Tj ET Q q 0 0 0 rg BT 116.99 70.60 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 170.19 70.60 Td (various ) Tj ET Q q 0 0 0 rg BT 203.40 70.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 256.62 70.60 Td (about ) Tj ET Q q 0 0 0 rg BT 282.60 70.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.59 70.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 330.13 70.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 384.42 70.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.52 70.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 425.29 70.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 460.71 70.60 Td (over ) Tj ET Q q 0 0 0 rg BT 482.25 70.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 513.23 70.60 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 58.60 Td (periods. ) Tj ET Q q 0 0 0 rg BT 115.65 58.60 Td (Periods ) Tj ET Q q 0 0 0 rg BT 148.35 58.60 Td (of ) Tj ET Q q 0 0 0 rg BT 159.39 58.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 204.31 58.60 Td (and ) Tj ET Q q 0 0 0 rg BT 221.45 58.60 Td (sustained ) Tj ET Q q 0 0 0 rg BT 261.38 58.60 Td (downturns ) Tj ET Q q 0 0 0 rg BT 306.30 58.60 Td (in ) Tj ET Q q 0 0 0 rg BT 316.79 58.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 344.49 58.60 Td (markets, ) Tj ET Q q 0 0 0 rg BT 381.35 58.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 421.81 58.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 449.51 58.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 488.33 58.60 Td (or ) Tj ET Q q 0 0 0 rg BT 499.37 58.60 Td (reduced ) Tj ET Q endstream endobj 185 0 obj <>] /Rotate 0 /Contents 186 0 R>> endobj 186 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 112.23 735.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 132.91 735.60 Td (could ) Tj ET Q q 0 0 0 rg BT 156.93 735.60 Td (result ) Tj ET Q q 0 0 0 rg BT 180.95 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 190.53 735.60 Td (an ) Tj ET Q q 0 0 0 rg BT 201.77 735.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 236.32 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 245.90 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.92 735.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 298.93 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 309.06 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.08 735.60 Td (future ) Tj ET Q q 0 0 0 rg BT 348.76 735.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 375.55 735.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 405.12 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 415.25 735.60 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 467.59 735.60 Td (account ) Tj ET Q q 0 0 0 rg BT 500.48 735.60 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 121.21 723.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 165.30 723.60 Td (with ) Tj ET Q q 0 0 0 rg BT 186.07 723.60 Td (such ) Tj ET Q q 0 0 0 rg BT 207.40 723.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 247.33 723.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 285.32 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 296.09 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 303.53 723.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 344.28 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 355.06 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 371.38 723.60 Td (net ) Tj ET Q q 0 0 0 rg BT 386.59 723.60 Td (income. ) Tj ET Q q 0 0 0 rg BT 421.31 723.60 Td (The ) Tj ET Q q 0 0 0 rg BT 439.85 723.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 457.83 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 469.15 723.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 522.68 723.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 129.19 711.60 Td (related ) Tj ET Q q 0 0 0 rg BT 160.71 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.80 711.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 188.36 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 192.67 711.60 Td (products ) Tj ET Q q 0 0 0 rg BT 231.42 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 250.17 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 266.70 711.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 287.12 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.76 711.60 Td (providing ) Tj ET Q q 0 0 0 rg BT 342.96 711.60 Td (GMWB ) Tj ET Q q 0 0 0 rg BT 379.50 711.60 Td (could ) Tj ET Q q 0 0 0 rg BT 406.03 711.60 Td (also ) Tj ET Q q 0 0 0 rg BT 426.45 711.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 463.51 711.60 Td (if ) Tj ET Q q 0 0 0 rg BT 473.93 711.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 503.24 711.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 134.02 699.60 Td (is ) Tj ET Q q 0 0 0 rg BT 143.19 699.60 Td (worse ) Tj ET Q q 0 0 0 rg BT 169.57 699.60 Td (than ) Tj ET Q q 0 0 0 rg BT 189.29 699.60 Td (assumed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 680.60 Td (T) Tj ET Q q 0 0 0 rg BT 108.91 680.60 Td (o ) Tj ET Q q 0 0 0 rg BT 115.87 680.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 171.70 680.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 197.54 680.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.72 680.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 238.68 680.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 268.41 680.60 Td (on ) Tj ET Q q 0 0 0 rg BT 280.37 680.60 Td (these ) Tj ET Q q 0 0 0 rg BT 302.88 680.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 341.78 680.60 Td (we ) Tj ET Q q 0 0 0 rg BT 355.40 680.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 392.90 680.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 438.73 680.60 Td (to ) Tj ET Q q 0 0 0 rg BT 448.47 680.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 474.31 680.60 Td (the ) Tj ET Q q 0 0 0 rg BT 488.49 680.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 504.05 680.60 Td ( ) Tj ET Q q 0 0 0 rg BT 506.01 680.60 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 668.60 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 121.37 668.60 Td (The ) Tj ET Q q 0 0 0 rg BT 138.83 668.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 172.40 668.60 Td (way ) Tj ET Q q 0 0 0 rg BT 190.97 668.60 Td (we ) Tj ET Q q 0 0 0 rg BT 204.55 668.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 230.34 668.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 245.90 668.60 Td ( ) Tj ET Q q 0 0 0 rg BT 247.81 668.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 274.72 668.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 312.73 668.60 Td (is ) Tj ET Q q 0 0 0 rg BT 321.32 668.60 Td (to ) Tj ET Q q 0 0 0 rg BT 331.01 668.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 368.46 668.60 Td (over ) Tj ET Q q 0 0 0 rg BT 388.14 668.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.27 668.60 Td (counter ) Tj ET Q q 0 0 0 rg BT 434.17 668.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 461.08 668.60 Td (index ) Tj ET Q q 0 0 0 rg BT 485.21 668.60 Td (call ) Tj ET Q q 0 0 0 rg BT 501.55 668.60 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.60 Td (from ) Tj ET Q q 0 0 0 rg BT 102.40 656.60 Td (broker) Tj ET Q q 0 0 0 rg BT 128.30 656.60 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 158.02 656.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 199.96 656.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 258.56 656.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 297.73 656.60 Td (by ) Tj ET Q q 0 0 0 rg BT 309.70 656.60 Td (our ) Tj ET Q q 0 0 0 rg BT 324.99 656.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 357.49 656.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 382.22 656.60 Td (department. ) Tj ET Q q 0 0 0 rg BT 431.52 656.60 Td (The ) Tj ET Q q 0 0 0 rg BT 449.03 656.60 Td (second ) Tj ET Q q 0 0 0 rg BT 478.76 656.60 Td (way ) Tj ET Q q 0 0 0 rg BT 497.39 656.60 Td (to ) Tj ET Q q 0 0 0 rg BT 507.13 656.60 Td (hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 644.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 96.56 644.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.37 644.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 125.17 644.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 163.07 644.60 Td (is ) Tj ET Q q 0 0 0 rg BT 171.55 644.60 Td (by ) Tj ET Q q 0 0 0 rg BT 183.35 644.60 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 229.04 644.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 268.60 644.60 Td (traded ) Tj ET Q q 0 0 0 rg BT 295.39 644.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 322.19 644.60 Td (index ) Tj ET Q q 0 0 0 rg BT 346.21 644.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 375.78 644.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 416.18 644.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 433.54 644.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 467.56 644.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 501.02 644.60 Td (enables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 632.60 Td (us ) Tj ET Q q 0 0 0 rg BT 93.23 632.60 Td (to ) Tj ET Q q 0 0 0 rg BT 104.35 632.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 134.34 632.60 Td (our ) Tj ET Q q 0 0 0 rg BT 151.01 632.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 182.12 632.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 217.67 632.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 241.02 632.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.79 632.60 Td (achieve ) Tj ET Q q 0 0 0 rg BT 292.67 632.60 Td (a ) Tj ET Q q 0 0 0 rg BT 300.45 632.60 Td (high ) Tj ET Q q 0 0 0 rg BT 321.57 632.60 Td (correlation ) Tj ET Q q 0 0 0 rg BT 368.22 632.60 Td (of ) Tj ET Q q 0 0 0 rg BT 379.89 632.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 411.00 632.60 Td (on ) Tj ET Q q 0 0 0 rg BT 424.34 632.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.90 632.60 Td (call ) Tj ET Q q 0 0 0 rg BT 457.68 632.60 Td (options ) Tj ET Q q 0 0 0 rg BT 490.46 632.60 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 112.77 620.60 Td (to ) Tj ET Q q 0 0 0 rg BT 122.34 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.35 620.60 Td (index ) Tj ET Q q 0 0 0 rg BT 160.36 620.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 188.80 620.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 217.24 620.60 Td (by ) Tj ET Q q 0 0 0 rg BT 229.03 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.04 620.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 258.60 620.60 Td ( ) Tj ET Q q 0 0 0 rg BT 260.39 620.60 Td (contractholders. ) Tj ET Q q 0 0 0 rg BT 326.19 620.60 Td (The ) Tj ET Q q 0 0 0 rg BT 343.53 620.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 379.20 620.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.32 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.33 620.60 Td (call ) Tj ET Q q 0 0 0 rg BT 419.56 620.60 Td (options ) Tj ET Q q 0 0 0 rg BT 450.80 620.60 Td (are ) Tj ET Q q 0 0 0 rg BT 464.79 620.60 Td (one-year ) Tj ET Q q 0 0 0 rg BT 501.56 620.60 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 608.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 124.10 608.60 Td (to ) Tj ET Q q 0 0 0 rg BT 134.43 608.60 Td (match ) Tj ET Q q 0 0 0 rg BT 161.42 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 176.20 608.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 209.87 608.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 264.63 608.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 310.51 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.29 608.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 340.85 608.60 Td ( ) Tj ET Q q 0 0 0 rg BT 343.41 608.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 384.37 608.60 Td (These ) Tj ET Q q 0 0 0 rg BT 410.81 608.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 437.25 608.60 Td (programs ) Tj ET Q q 0 0 0 rg BT 477.57 608.60 Td (are ) Tj ET Q q 0 0 0 rg BT 492.34 608.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 523.23 608.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 596.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.22 596.60 Td (current ) Tj ET Q q 0 0 0 rg BT 127.53 596.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 155.53 596.60 Td (term ) Tj ET Q q 0 0 0 rg BT 176.85 596.60 Td (of ) Tj ET Q q 0 0 0 rg BT 188.18 596.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.40 596.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 218.96 596.60 Td ( ) Tj ET Q q 0 0 0 rg BT 221.96 596.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 263.55 596.60 Td (based ) Tj ET Q q 0 0 0 rg BT 289.32 596.60 Td (on ) Tj ET Q q 0 0 0 rg BT 302.32 596.60 Td (current ) Tj ET Q q 0 0 0 rg BT 333.63 596.60 Td (participation ) Tj ET Q q 0 0 0 rg BT 387.17 596.60 Td (rates. ) Tj ET Q q 0 0 0 rg BT 411.55 596.60 Td (Future ) Tj ET Q q 0 0 0 rg BT 440.65 596.60 Td (returns, ) Tj ET Q q 0 0 0 rg BT 473.92 596.60 Td (which ) Tj ET Q q 0 0 0 rg BT 501.36 596.60 Td (may ) Tj ET Q q 0 0 0 rg BT 521.58 596.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 584.60 Td (reflected ) Tj ET Q q 0 0 0 rg BT 118.80 584.60 Td (in ) Tj ET Q q 0 0 0 rg BT 129.40 584.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 144.96 584.60 Td ( ) Tj ET Q q 0 0 0 rg BT 147.79 584.60 Td (contracts) Tj ET Q q 0 0 0 rg BT 186.47 584.60 Td ( ) Tj ET Q q 0 0 0 rg BT 189.30 584.60 Td (credited ) Tj ET Q q 0 0 0 rg BT 224.33 584.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 246.03 584.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 278.29 584.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.34 584.60 Td (current ) Tj ET Q q 0 0 0 rg BT 324.48 584.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 352.30 584.60 Td (term, ) Tj ET Q q 0 0 0 rg BT 375.95 584.60 Td (are ) Tj ET Q q 0 0 0 rg BT 390.98 584.60 Td (not ) Tj ET Q q 0 0 0 rg BT 406.59 584.60 Td (hedged. ) Tj ET Q q 0 0 0 rg BT 440.59 584.60 Td (W) Tj ET Q q 0 0 0 rg BT 449.22 584.60 Td (e ) Tj ET Q q 0 0 0 rg BT 456.49 584.60 Td (attempt ) Tj ET Q q 0 0 0 rg BT 489.31 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 499.91 584.60 Td (manage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 572.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.11 572.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 117.00 572.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.23 572.60 Td (these ) Tj ET Q q 0 0 0 rg BT 149.67 572.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 190.99 572.60 Td (through ) Tj ET Q q 0 0 0 rg BT 223.99 572.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.10 572.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 262.21 572.60 Td (of ) Tj ET Q q 0 0 0 rg BT 272.44 572.60 Td (our ) Tj ET Q q 0 0 0 rg BT 287.66 572.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 303.22 572.60 Td ( ) Tj ET Q q 0 0 0 rg BT 305.12 572.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 345.60 572.60 Td (which ) Tj ET Q q 0 0 0 rg BT 371.93 572.60 Td (permit ) Tj ET Q q 0 0 0 rg BT 399.93 572.60 Td (us ) Tj ET Q q 0 0 0 rg BT 410.72 572.60 Td (to ) Tj ET Q q 0 0 0 rg BT 420.39 572.60 Td (change ) Tj ET Q q 0 0 0 rg BT 450.60 572.60 Td (caps ) Tj ET Q q 0 0 0 rg BT 470.26 572.60 Td (or ) Tj ET Q q 0 0 0 rg BT 480.48 572.60 Td (participation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 560.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 104.88 560.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 135.70 560.60 Td (to ) Tj ET Q q 0 0 0 rg BT 145.98 560.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 175.68 560.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 222.04 560.60 Td (minimums ) Tj ET Q q 0 0 0 rg BT 267.33 560.60 Td (that ) Tj ET Q q 0 0 0 rg BT 284.82 560.60 Td (must ) Tj ET Q q 0 0 0 rg BT 306.77 560.60 Td (be ) Tj ET Q q 0 0 0 rg BT 318.71 560.60 Td (maintained.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 541.60 Td (The ) Tj ET Q q 0 0 0 rg BT 121.58 541.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 167.99 541.60 Td (are ) Tj ET Q q 0 0 0 rg BT 182.74 541.60 Td (used ) Tj ET Q q 0 0 0 rg BT 203.60 541.60 Td (to ) Tj ET Q q 0 0 0 rg BT 213.92 541.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 234.78 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.54 541.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 265.10 541.60 Td ( ) Tj ET Q q 0 0 0 rg BT 267.64 541.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 302.37 541.60 Td (index ) Tj ET Q q 0 0 0 rg BT 327.13 541.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 356.32 541.60 Td (and ) Tj ET Q q 0 0 0 rg BT 373.29 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.05 541.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 406.69 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.56 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.31 541.60 Td (call ) Tj ET Q q 0 0 0 rg BT 449.28 541.60 Td (options ) Tj ET Q q 0 0 0 rg BT 481.27 541.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 524.34 541.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 529.60 Td (treated ) Tj ET Q q 0 0 0 rg BT 109.82 529.60 Td (as ) Tj ET Q q 0 0 0 rg BT 119.77 529.60 Td (a ) Tj ET Q q 0 0 0 rg BT 125.83 529.60 Td (component ) Tj ET Q q 0 0 0 rg BT 171.89 529.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.84 529.60 Td (spread ) Tj ET Q q 0 0 0 rg BT 209.56 529.60 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 247.44 529.60 Td (While ) Tj ET Q q 0 0 0 rg BT 273.50 529.60 Td (the ) Tj ET Q q 0 0 0 rg BT 287.33 529.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 302.89 529.60 Td ( ) Tj ET Q q 0 0 0 rg BT 304.52 529.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 338.35 529.60 Td (program ) Tj ET Q q 0 0 0 rg BT 373.85 529.60 Td (does ) Tj ET Q q 0 0 0 rg BT 393.80 529.60 Td (not ) Tj ET Q q 0 0 0 rg BT 408.20 529.60 Td (explicitly ) Tj ET Q q 0 0 0 rg BT 447.59 529.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 473.09 529.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 499.95 529.60 Td ( ) Tj ET Q q 0 0 0 rg BT 501.57 529.60 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 517.60 Td (volatility) Tj ET Q q 0 0 0 rg BT 116.46 517.60 Td (, ) Tj ET Q q 0 0 0 rg BT 120.92 517.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.10 517.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 150.66 517.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.63 517.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 186.81 517.60 Td (program ) Tj ET Q q 0 0 0 rg BT 222.65 517.60 Td (tends ) Tj ET Q q 0 0 0 rg BT 245.72 517.60 Td (to ) Tj ET Q q 0 0 0 rg BT 255.46 517.60 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 290.19 517.60 Td (a ) Tj ET Q q 0 0 0 rg BT 296.59 517.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 340.77 517.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 371.62 517.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.91 517.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.09 517.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 422.94 517.60 Td ( ) Tj ET Q q 0 0 0 rg BT 424.91 517.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 455.74 517.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 489.91 517.60 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 505.60 Td (with ) Tj ET Q q 0 0 0 rg BT 102.37 505.60 Td (movements ) Tj ET Q q 0 0 0 rg BT 152.06 505.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.43 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.23 505.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 207.82 505.60 Td (market ) Tj ET Q q 0 0 0 rg BT 239.17 505.60 Td (and ) Tj ET Q q 0 0 0 rg BT 257.20 505.60 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 294.65 505.60 Td (rates. ) Tj ET Q q 0 0 0 rg BT 319.36 505.60 Td (This ) Tj ET Q q 0 0 0 rg BT 340.73 505.60 Td (is ) Tj ET Q q 0 0 0 rg BT 350.98 505.60 Td (due ) Tj ET Q q 0 0 0 rg BT 369.01 505.60 Td (to ) Tj ET Q q 0 0 0 rg BT 380.38 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.19 505.60 Td (fact ) Tj ET Q q 0 0 0 rg BT 414.76 505.60 Td (that ) Tj ET Q q 0 0 0 rg BT 433.34 505.60 Td (a ) Tj ET Q q 0 0 0 rg BT 441.37 505.60 Td (key ) Tj ET Q q 0 0 0 rg BT 459.40 505.60 Td (component ) Tj ET Q q 0 0 0 rg BT 507.42 505.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.79 505.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 493.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 126.45 493.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.36 493.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 163.22 493.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.80 493.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 199.15 493.60 Td (is ) Tj ET Q q 0 0 0 rg BT 207.40 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 221.20 493.60 Td (market ) Tj ET Q q 0 0 0 rg BT 250.55 493.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 289.34 493.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.26 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.06 493.60 Td (current ) Tj ET Q q 0 0 0 rg BT 342.95 493.60 Td (term ) Tj ET Q q 0 0 0 rg BT 362.86 493.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 405.54 493.60 Td (derivative. ) Tj ET Q q 0 0 0 rg BT 449.60 493.60 Td (Due ) Tj ET Q q 0 0 0 rg BT 467.85 493.60 Td (to ) Tj ET Q q 0 0 0 rg BT 477.21 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 491.01 493.60 Td (alignment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 481.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.68 481.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.25 481.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 149.70 481.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 192.04 481.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 223.26 481.60 Td (component ) Tj ET Q q 0 0 0 rg BT 270.04 481.60 Td (with ) Tj ET Q q 0 0 0 rg BT 290.17 481.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 324.75 481.60 Td (of ) Tj ET Q q 0 0 0 rg BT 335.43 481.60 Td (this ) Tj ET Q q 0 0 0 rg BT 352.23 481.60 Td (same ) Tj ET Q q 0 0 0 rg BT 375.13 481.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 418.58 481.60 Td (derivative, ) Tj ET Q q 0 0 0 rg BT 463.41 481.60 Td (there ) Tj ET Q q 0 0 0 rg BT 485.75 481.60 Td (should ) Tj ET Q q 0 0 0 rg BT 514.77 481.60 Td (be ) Tj ET Q q 0 0 0 rg BT 526.57 481.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 469.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 127.83 469.60 Td (match ) Tj ET Q q 0 0 0 rg BT 156.33 469.60 Td (between ) Tj ET Q q 0 0 0 rg BT 193.72 469.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 230.00 469.60 Td (in ) Tj ET Q q 0 0 0 rg BT 241.84 469.60 Td (this ) Tj ET Q q 0 0 0 rg BT 260.36 469.60 Td (component ) Tj ET Q q 0 0 0 rg BT 308.87 469.60 Td (of ) Tj ET Q q 0 0 0 rg BT 321.27 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.56 469.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 370.50 469.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.01 469.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 425.29 469.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.13 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 453.42 469.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 480.82 469.60 Td (backing ) Tj ET Q q 0 0 0 rg BT 516.55 469.60 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 457.60 Td (component ) Tj ET Q q 0 0 0 rg BT 128.07 457.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.03 457.60 Td (the ) Tj ET Q q 0 0 0 rg BT 153.88 457.60 Td (reserve. ) Tj ET Q q 0 0 0 rg BT 187.88 457.60 Td (However) Tj ET Q q 0 0 0 rg BT 224.13 457.60 Td (, ) Tj ET Q q 0 0 0 rg BT 229.26 457.60 Td (there ) Tj ET Q q 0 0 0 rg BT 251.88 457.60 Td (may ) Tj ET Q q 0 0 0 rg BT 271.73 457.60 Td (be ) Tj ET Q q 0 0 0 rg BT 283.80 457.60 Td (an ) Tj ET Q q 0 0 0 rg BT 295.88 457.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 327.39 457.60 Td (mismatch ) Tj ET Q q 0 0 0 rg BT 368.91 457.60 Td (due ) Tj ET Q q 0 0 0 rg BT 385.98 457.60 Td (to ) Tj ET Q q 0 0 0 rg BT 396.39 457.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.24 457.60 Td (fact ) Tj ET Q q 0 0 0 rg BT 428.86 457.60 Td (that ) Tj ET Q q 0 0 0 rg BT 446.49 457.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.34 457.60 Td (hedges ) Tj ET Q q 0 0 0 rg BT 491.74 457.60 Td (which ) Tj ET Q q 0 0 0 rg BT 518.81 457.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 445.60 Td (put ) Tj ET Q q 0 0 0 rg BT 96.87 445.60 Td (in ) Tj ET Q q 0 0 0 rg BT 107.75 445.60 Td (place ) Tj ET Q q 0 0 0 rg BT 131.94 445.60 Td (are ) Tj ET Q q 0 0 0 rg BT 147.24 445.60 Td (only ) Tj ET Q q 0 0 0 rg BT 168.11 445.60 Td (intended ) Tj ET Q q 0 0 0 rg BT 205.64 445.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.52 445.60 Td (cover ) Tj ET Q q 0 0 0 rg BT 241.82 445.60 Td (exposures ) Tj ET Q q 0 0 0 rg BT 284.91 445.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 323.53 445.60 Td (to ) Tj ET Q q 0 0 0 rg BT 334.41 445.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 365.27 445.60 Td (until ) Tj ET Q q 0 0 0 rg BT 386.70 445.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.01 445.60 Td (end ) Tj ET Q q 0 0 0 rg BT 419.54 445.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.97 445.60 Td (an ) Tj ET Q q 0 0 0 rg BT 443.50 445.60 Td (indexing ) Tj ET Q q 0 0 0 rg BT 481.60 445.60 Td (term. ) Tj ET Q q 0 0 0 rg BT 505.29 445.60 Td (T) Tj ET Q q 0 0 0 rg BT 510.70 445.60 Td (o ) Tj ET Q q 0 0 0 rg BT 518.80 445.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 433.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 107.50 433.60 Td (index ) Tj ET Q q 0 0 0 rg BT 131.79 433.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 160.51 433.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 189.22 433.60 Td (by ) Tj ET Q q 0 0 0 rg BT 201.29 433.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.58 433.60 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 275.39 433.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 305.21 433.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.50 433.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 357.10 433.60 Td (from ) Tj ET Q q 0 0 0 rg BT 378.61 433.60 Td (option ) Tj ET Q q 0 0 0 rg BT 406.23 433.60 Td (expirations ) Tj ET Q q 0 0 0 rg BT 452.74 433.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.24 433.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 499.08 433.60 Td (income, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 421.60 Td (we ) Tj ET Q q 0 0 0 rg BT 95.16 421.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 118.21 421.60 Td (a ) Tj ET Q q 0 0 0 rg BT 125.15 421.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 159.86 421.60 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 402.60 Td (See ) Tj ET Q q 0 0 0 rg BT 121.33 402.60 Td ("Note ) Tj ET Q q 0 0 0 rg BT 148.24 402.60 Td (5. ) Tj ET Q q 0 0 0 rg BT 159.14 402.60 Td (Derivatives" ) Tj ET Q q 0 0 0 rg BT 212.71 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 223.88 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 240.60 402.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 273.42 402.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 329.59 402.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 370.20 402.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 417.47 402.60 Td (for ) Tj ET Q q 0 0 0 rg BT 432.52 402.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 475.91 402.60 Td (details ) Tj ET Q q 0 0 0 rg BT 505.40 402.60 Td (on ) Tj ET Q q 0 0 0 rg BT 518.79 402.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 390.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 127.37 390.60 Td (portfolio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 371.60 Td (Fair ) Tj ET Q q 0 0 0 rg BT 121.91 371.60 Td (value ) Tj ET Q q 0 0 0 rg BT 145.86 371.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 180.36 371.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 223.75 371.60 Td (with ) Tj ET Q q 0 0 0 rg BT 243.83 371.60 Td (these ) Tj ET Q q 0 0 0 rg BT 266.67 371.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 316.74 371.60 Td (are ) Tj ET Q q 0 0 0 rg BT 331.25 371.60 Td (intended ) Tj ET Q q 0 0 0 rg BT 367.98 371.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 380.56 371.60 Td (but ) Tj ET Q q 0 0 0 rg BT 395.63 371.60 Td (do ) Tj ET Q q 0 0 0 rg BT 407.93 371.60 Td (not ) Tj ET Q q 0 0 0 rg BT 423.00 371.60 Td (always, ) Tj ET Q q 0 0 0 rg BT 455.57 371.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 508.42 371.60 Td (of) Tj ET Q q 0 0 0 rg BT 516.57 371.60 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 359.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.97 359.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 131.47 359.60 Td (or ) Tj ET Q q 0 0 0 rg BT 142.55 359.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 179.71 359.60 Td (in ) Tj ET Q q 0 0 0 rg BT 190.24 359.60 Td (the ) Tj ET Q q 0 0 0 rg BT 205.20 359.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 241.84 359.60 Td (added ) Tj ET Q q 0 0 0 rg BT 268.47 359.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.99 359.60 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 332.28 359.60 Td (account ) Tj ET Q q 0 0 0 rg BT 366.13 359.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 403.30 359.60 Td (for ) Tj ET Q q 0 0 0 rg BT 417.71 359.60 Td (index ) Tj ET Q q 0 0 0 rg BT 442.67 359.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 482.16 359.60 Td (When ) Tj ET Q q 0 0 0 rg BT 508.79 359.60 Td (index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 347.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 109.28 347.60 Td (to ) Tj ET Q q 0 0 0 rg BT 118.68 347.60 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 174.74 347.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 204.12 347.60 Td (option ) Tj ET Q q 0 0 0 rg BT 231.30 347.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 268.46 347.60 Td (received ) Tj ET Q q 0 0 0 rg BT 303.95 347.60 Td (at ) Tj ET Q q 0 0 0 rg BT 312.79 347.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 354.96 347.60 Td (related ) Tj ET Q q 0 0 0 rg BT 383.79 347.60 Td (to ) Tj ET Q q 0 0 0 rg BT 393.19 347.60 Td (such ) Tj ET Q q 0 0 0 rg BT 413.15 347.60 Td (credits, ) Tj ET Q q 0 0 0 rg BT 443.93 347.60 Td (any ) Tj ET Q q 0 0 0 rg BT 459.99 347.60 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 494.94 347.60 Td (is ) Tj ET Q q 0 0 0 rg BT 503.24 347.60 Td (funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 335.60 Td (by ) Tj ET Q q 0 0 0 rg BT 92.54 335.60 Td (our ) Tj ET Q q 0 0 0 rg BT 107.42 335.60 Td (net ) Tj ET Q q 0 0 0 rg BT 121.18 335.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 166.60 335.60 Td (spread ) Tj ET Q q 0 0 0 rg BT 194.24 335.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 229.66 335.60 Td (and ) Tj ET Q q 0 0 0 rg BT 245.64 335.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 274.96 335.60 Td (income. ) Tj ET Q q 0 0 0 rg BT 308.43 335.60 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.87 335.60 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 349.30 335.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 335.60 Td (, ) Tj ET Q q 0 0 0 rg BT 373.34 335.60 Td (the ) Tj ET Q q 0 0 0 rg BT 387.10 335.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 415.30 335.60 Td (index ) Tj ET Q q 0 0 0 rg BT 439.06 335.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 467.25 335.60 Td (to ) Tj ET Q q 0 0 0 rg BT 476.58 335.60 Td (policyholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 323.60 Td (on ) Tj ET Q q 0 0 0 rg BT 93.37 323.60 Td (their ) Tj ET Q q 0 0 0 rg BT 114.07 323.60 Td (anniversaries ) Tj ET Q q 0 0 0 rg BT 169.20 323.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 323.60 Td ($88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 323.60 Td (. ) Tj ET Q q 0 0 0 rg BT 210.87 323.60 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 249.34 323.60 Td (received ) Tj ET Q q 0 0 0 rg BT 285.57 323.60 Td (at ) Tj ET Q q 0 0 0 rg BT 295.16 323.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 338.08 323.60 Td (on ) Tj ET Q q 0 0 0 rg BT 350.45 323.60 Td (options ) Tj ET Q q 0 0 0 rg BT 382.27 323.60 Td (related ) Tj ET Q q 0 0 0 rg BT 411.84 323.60 Td (to ) Tj ET Q q 0 0 0 rg BT 421.99 323.60 Td (such ) Tj ET Q q 0 0 0 rg BT 442.70 323.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 471.72 323.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.52 323.60 Td ($80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.52 323.60 Td (. ) Tj ET Q q 0 0 0 rg BT 513.22 323.60 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 311.60 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 116.83 311.60 Td (is ) Tj ET Q q 0 0 0 rg BT 126.00 311.60 Td (funded ) Tj ET Q q 0 0 0 rg BT 156.26 311.60 Td (by ) Tj ET Q q 0 0 0 rg BT 168.76 311.60 Td (our ) Tj ET Q q 0 0 0 rg BT 184.59 311.60 Td (net ) Tj ET Q q 0 0 0 rg BT 199.31 311.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 245.69 311.60 Td (spread ) Tj ET Q q 0 0 0 rg BT 274.29 311.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 310.67 311.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.61 311.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 357.88 311.60 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 292.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 128.39 292.60 Td (market ) Tj ET Q q 0 0 0 rg BT 158.28 292.60 Td (exposures ) Tj ET Q q 0 0 0 rg BT 200.40 292.60 Td (are ) Tj ET Q q 0 0 0 rg BT 214.73 292.60 Td (hedged ) Tj ET Q q 0 0 0 rg BT 245.73 292.60 Td (periodically ) Tj ET Q q 0 0 0 rg BT 295.62 292.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 339.40 292.60 Td (on ) Tj ET Q q 0 0 0 rg BT 351.52 292.60 Td (market ) Tj ET Q q 0 0 0 rg BT 381.41 292.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 425.20 292.60 Td (and ) Tj ET Q q 0 0 0 rg BT 441.77 292.60 Td (our ) Tj ET Q q 0 0 0 rg BT 457.22 292.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 474.35 292.60 Td (tolerance. ) Tj ET Q q 0 0 0 rg BT 515.46 292.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 280.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 96.56 280.60 Td ( ) Tj ET Q q 0 0 0 rg BT 99.83 280.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 135.32 280.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 170.25 280.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 227.39 280.60 Td (hedges ) Tj ET Q q 0 0 0 rg BT 258.43 280.60 Td (the ) Tj ET Q q 0 0 0 rg BT 273.92 280.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 302.18 280.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 333.22 280.60 Td (and ) Tj ET Q q 0 0 0 rg BT 350.93 280.60 Td (exposes ) Tj ET Q q 0 0 0 rg BT 385.86 280.60 Td (us ) Tj ET Q q 0 0 0 rg BT 398.03 280.60 Td (to ) Tj ET Q q 0 0 0 rg BT 409.08 280.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.56 280.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 442.84 280.60 Td (that ) Tj ET Q q 0 0 0 rg BT 461.10 280.60 Td (unhedged ) Tj ET Q q 0 0 0 rg BT 503.25 280.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 268.60 Td (exposures ) Tj ET Q q 0 0 0 rg BT 123.58 268.60 Td (result ) Tj ET Q q 0 0 0 rg BT 148.39 268.60 Td (in ) Tj ET Q q 0 0 0 rg BT 158.75 268.60 Td (diver) Tj ET Q q 0 0 0 rg BT 179.12 268.60 Td (gence ) Tj ET Q q 0 0 0 rg BT 205.02 268.60 Td (between ) Tj ET Q q 0 0 0 rg BT 240.93 268.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 275.73 268.60 Td (in ) Tj ET Q q 0 0 0 rg BT 286.09 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 300.90 268.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 317.37 268.60 Td (value ) Tj ET Q q 0 0 0 rg BT 341.61 268.60 Td (of ) Tj ET Q q 0 0 0 rg BT 352.53 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.34 268.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 407.14 268.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.17 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.98 268.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 473.78 268.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 502.01 268.60 Td (W) Tj ET Q q 0 0 0 rg BT 510.65 268.60 Td (e ) Tj ET Q q 0 0 0 rg BT 517.68 268.60 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 256.60 Td (a ) Tj ET Q q 0 0 0 rg BT 88.59 256.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 119.51 256.60 Td (of ) Tj ET Q q 0 0 0 rg BT 131.00 256.60 Td (techniques ) Tj ET Q q 0 0 0 rg BT 176.92 256.60 Td (including ) Tj ET Q q 0 0 0 rg BT 217.85 256.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 243.77 256.60 Td (estimation ) Tj ET Q q 0 0 0 rg BT 288.58 256.60 Td (of ) Tj ET Q q 0 0 0 rg BT 300.07 256.60 Td (market ) Tj ET Q q 0 0 0 rg BT 330.99 256.60 Td (sensitivities ) Tj ET Q q 0 0 0 rg BT 381.37 256.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.96 256.60 Td (value-at-risk ) Tj ET Q q 0 0 0 rg BT 452.65 256.60 Td (to ) Tj ET Q q 0 0 0 rg BT 463.58 256.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 498.40 256.60 Td (this ) Tj ET Q q 0 0 0 rg BT 516.01 256.60 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 244.60 Td (daily) Tj ET Q q 0 0 0 rg BT 100.35 244.60 Td (. ) Tj ET Q q 0 0 0 rg BT 105.17 244.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.80 244.60 Td (e ) Tj ET Q q 0 0 0 rg BT 120.74 244.60 Td (intend ) Tj ET Q q 0 0 0 rg BT 148.24 244.60 Td (to ) Tj ET Q q 0 0 0 rg BT 158.51 244.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 195.45 244.60 Td (to ) Tj ET Q q 0 0 0 rg BT 205.73 244.60 Td (adjust ) Tj ET Q q 0 0 0 rg BT 232.11 244.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.83 244.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 281.55 244.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 315.70 244.60 Td (as ) Tj ET Q q 0 0 0 rg BT 326.53 244.60 Td (market ) Tj ET Q q 0 0 0 rg BT 356.80 244.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 400.96 244.60 Td (and ) Tj ET Q q 0 0 0 rg BT 417.90 244.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 435.40 244.60 Td (tolerance ) Tj ET Q q 0 0 0 rg BT 474.54 244.60 Td (change.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 218.20 Td (Sensitivity ) Tj ET Q q 0 0 0 rg BT 127.40 218.20 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 199.20 Td (The ) Tj ET Q q 0 0 0 rg BT 122.94 199.20 Td (analysis ) Tj ET Q q 0 0 0 rg BT 159.05 199.20 Td (below ) Tj ET Q q 0 0 0 rg BT 187.39 199.20 Td (is ) Tj ET Q q 0 0 0 rg BT 197.95 199.20 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 251.28 199.20 Td (and ) Tj ET Q q 0 0 0 rg BT 269.61 199.20 Td (should ) Tj ET Q q 0 0 0 rg BT 300.18 199.20 Td (not ) Tj ET Q q 0 0 0 rg BT 316.85 199.20 Td (be ) Tj ET Q q 0 0 0 rg BT 330.19 199.20 Td (considered ) Tj ET Q q 0 0 0 rg BT 377.40 199.20 Td (a ) Tj ET Q q 0 0 0 rg BT 385.73 199.20 Td (projection ) Tj ET Q q 0 0 0 rg BT 430.17 199.20 Td (of ) Tj ET Q q 0 0 0 rg BT 442.39 199.20 Td (future ) Tj ET Q q 0 0 0 rg BT 470.17 199.20 Td (risks. ) Tj ET Q q 0 0 0 rg BT 495.45 199.20 Td (Earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 187.20 Td (projections ) Tj ET Q q 0 0 0 rg BT 127.93 187.20 Td (are ) Tj ET Q q 0 0 0 rg BT 142.64 187.20 Td (before ) Tj ET Q q 0 0 0 rg BT 170.68 187.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 185.39 187.20 Td (and ) Tj ET Q q 0 0 0 rg BT 202.33 187.20 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 267.04 187.20 Td (interest.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 166.20 Td (Interest Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 147.20 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 147.20 Td (e ) Tj ET Q q 0 0 0 rg BT 113.50 147.20 Td (assess ) Tj ET Q q 0 0 0 rg BT 139.36 147.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 170.22 147.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 186.62 147.20 Td (exposures ) Tj ET Q q 0 0 0 rg BT 228.03 147.20 Td (for ) Tj ET Q q 0 0 0 rg BT 241.11 147.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.52 147.20 Td (assets, ) Tj ET Q q 0 0 0 rg BT 304.77 147.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 343.40 147.20 Td (and ) Tj ET Q q 0 0 0 rg BT 359.26 147.20 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 404.56 147.20 Td (using ) Tj ET Q q 0 0 0 rg BT 427.65 147.20 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 478.50 147.20 Td (test ) Tj ET Q q 0 0 0 rg BT 493.80 147.20 Td (scenarios ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 135.20 Td (that ) Tj ET Q q 0 0 0 rg BT 98.37 135.20 Td (assume ) Tj ET Q q 0 0 0 rg BT 130.19 135.20 Td (either ) Tj ET Q q 0 0 0 rg BT 155.33 135.20 Td (increasing ) Tj ET Q q 0 0 0 rg BT 198.80 135.20 Td (or ) Tj ET Q q 0 0 0 rg BT 209.51 135.20 Td (decreasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.64 135.20 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.64 135.20 Td ( ) Tj ET Q q 0 0 0 rg BT 272.02 135.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 294.40 135.20 Td (point ) Tj ET Q q 0 0 0 rg BT 317.33 135.20 Td (parallel ) Tj ET Q q 0 0 0 rg BT 349.69 135.20 Td (shifts ) Tj ET Q q 0 0 0 rg BT 373.74 135.20 Td (in ) Tj ET Q q 0 0 0 rg BT 383.90 135.20 Td (the ) Tj ET Q q 0 0 0 rg BT 398.49 135.20 Td (yield ) Tj ET Q q 0 0 0 rg BT 420.86 135.20 Td (curve, ) Tj ET Q q 0 0 0 rg BT 447.95 135.20 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 488.64 135.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.22 135.20 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 123.20 Td (either ) Tj ET Q q 0 0 0 rg BT 106.26 123.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 131.53 123.20 Td (spreads ) Tj ET Q q 0 0 0 rg BT 164.02 123.20 Td (or ) Tj ET Q q 0 0 0 rg BT 174.85 123.20 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 211.21 123.20 Td (rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 104.20 Td (If ) Tj ET Q q 0 0 0 rg BT 108.09 104.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.96 104.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 161.26 104.20 Td (were ) Tj ET Q q 0 0 0 rg BT 183.12 104.20 Td (to ) Tj ET Q q 0 0 0 rg BT 193.33 104.20 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.52 104.20 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.52 104.20 Td ( ) Tj ET Q q 0 0 0 rg BT 245.95 104.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 268.38 104.20 Td (points ) Tj ET Q q 0 0 0 rg BT 295.26 104.20 Td (from ) Tj ET Q q 0 0 0 rg BT 317.13 104.20 Td (levels ) Tj ET Q q 0 0 0 rg BT 342.88 104.20 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.53 104.20 Td (September30, ) Tj ET Q q 0 0 0 rg BT 412.72 104.20 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.72 104.20 Td (, ) Tj ET Q q 0 0 0 rg BT 437.65 104.20 Td (the ) Tj ET Q q 0 0 0 rg BT 452.30 104.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 493.05 104.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.36 104.20 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.20 Td (of ) Tj ET Q q 0 0 0 rg BT 91.54 92.20 Td (our ) Tj ET Q q 0 0 0 rg BT 107.08 92.20 Td (fixed ) Tj ET Q q 0 0 0 rg BT 129.84 92.20 Td (maturity ) Tj ET Q q 0 0 0 rg BT 165.94 92.20 Td (securities ) Tj ET Q q 0 0 0 rg BT 205.91 92.20 Td (would ) Tj ET Q q 0 0 0 rg BT 233.12 92.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 269.75 92.20 Td (by ) Tj ET Q q 0 0 0 rg BT 281.96 92.20 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.93 92.20 Td ($1,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.43 92.20 Td ( ) Tj ET Q q 0 0 0 rg BT 371.64 92.20 Td (of ) Tj ET Q q 0 0 0 rg BT 382.19 92.20 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.84 92.20 Td ($47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.84 92.20 Td ( ) Tj ET Q q 0 0 0 rg BT 426.05 92.20 Td (relates ) Tj ET Q q 0 0 0 rg BT 454.35 92.20 Td (to ) Tj ET Q q 0 0 0 rg BT 464.34 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 478.77 92.20 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 508.78 92.20 Td (funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.20 Td (withheld ) Tj ET Q q 0 0 0 rg BT 118.57 80.20 Td (assets. ) Tj ET Q q 0 0 0 rg BT 146.79 80.20 Td (The ) Tj ET Q q 0 0 0 rg BT 164.91 80.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 181.36 80.20 Td (values ) Tj ET Q q 0 0 0 rg BT 209.48 80.20 Td (of ) Tj ET Q q 0 0 0 rg BT 220.39 80.20 Td (the ) Tj ET Q q 0 0 0 rg BT 235.18 80.20 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 283.84 80.20 Td (related ) Tj ET Q q 0 0 0 rg BT 313.61 80.20 Td (embedded ) Tj ET Q q 0 0 0 rg BT 357.28 80.20 Td (derivative ) Tj ET Q q 0 0 0 rg BT 399.84 80.20 Td (would ) Tj ET Q q 0 0 0 rg BT 427.41 80.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 462.74 80.20 Td (by ) Tj ET Q q 0 0 0 rg BT 475.32 80.20 Td (the ) Tj ET Q q 0 0 0 rg BT 490.11 80.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 522.68 80.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 96.03 68.20 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 126.64 68.20 Td (funds ) Tj ET Q q 0 0 0 rg BT 151.68 68.20 Td (withheld ) Tj ET Q q 0 0 0 rg BT 189.49 68.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 215.64 68.20 Td (and ) Tj ET Q q 0 0 0 rg BT 232.89 68.20 Td (be ) Tj ET Q q 0 0 0 rg BT 245.15 68.20 Td (reflected ) Tj ET Q q 0 0 0 rg BT 282.94 68.20 Td (in ) Tj ET Q q 0 0 0 rg BT 293.53 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 308.56 68.20 Td (Company) Tj ET Q q 0 0 0 rg BT 350.23 68.20 Td (s ) Tj ET Q q 0 0 0 rg BT 356.94 68.20 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 412.53 68.20 Td (Statement ) Tj ET Q q 0 0 0 rg BT 455.33 68.20 Td (of ) Tj ET Q q 0 0 0 rg BT 466.48 68.20 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 515.47 68.20 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 56.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 111.29 56.20 Td (on ) Tj ET Q q 0 0 0 rg BT 124.36 56.20 Td (shareholders) Tj ET Q q 0 0 0 rg BT 177.49 56.20 Td ( ) Tj ET Q q 0 0 0 rg BT 180.57 56.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 208.64 56.20 Td (of ) Tj ET Q q 0 0 0 rg BT 220.04 56.20 Td (such ) Tj ET Q q 0 0 0 rg BT 241.45 56.20 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 281.44 56.20 Td (net ) Tj ET Q q 0 0 0 rg BT 296.73 56.20 Td (of ) Tj ET Q q 0 0 0 rg BT 308.14 56.20 Td (income ) Tj ET Q q 0 0 0 rg BT 340.65 56.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 364.27 56.20 Td (\(assumes ) Tj ET Q q 0 0 0 rg BT 404.01 56.20 Td (a ) Tj ET Q q 0 0 0 rg BT 411.52 56.20 Td (35% ) Tj ET Q q 0 0 0 rg BT 432.93 56.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 448.22 56.20 Td (rate\) ) Tj ET Q q 0 0 0 rg BT 469.61 56.20 Td (and ) Tj ET Q q 0 0 0 rg BT 487.13 56.20 Td (intangibles ) Tj ET Q endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 133.33 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 149.83 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 164.10 735.60 Td (change ) Tj ET Q q 0 0 0 rg BT 194.48 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 204.31 735.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 252.46 735.60 Td (related ) Tj ET Q q 0 0 0 rg BT 281.72 735.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 323.75 735.60 Td (would ) Tj ET Q q 0 0 0 rg BT 350.81 735.60 Td (be ) Tj ET Q q 0 0 0 rg BT 362.31 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 368.81 735.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 405.28 735.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.67 735.60 Td ($547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.67 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 437.72 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 447.11 735.60 Td (AOCI ) Tj ET Q q 0 0 0 rg BT 473.61 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.10 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 496.60 735.60 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.78 723.60 Td ($525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.78 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.23 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 130.46 723.60 Td (total ) Tj ET Q q 0 0 0 rg BT 152.69 723.60 Td (shareholders) Tj ET Q q 0 0 0 rg BT 205.81 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 210.27 723.60 Td (equity) Tj ET Q q 0 0 0 rg BT 234.61 723.60 Td (. ) Tj ET Q q 0 0 0 rg BT 241.56 723.60 Td (If ) Tj ET Q q 0 0 0 rg BT 252.67 723.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 286.56 723.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 309.89 723.60 Td (were ) Tj ET Q q 0 0 0 rg BT 333.77 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 346.00 723.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 384.86 723.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.32 723.60 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.32 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 418.77 723.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 443.22 723.60 Td (points ) Tj ET Q q 0 0 0 rg BT 472.12 723.60 Td (from ) Tj ET Q q 0 0 0 rg BT 496.01 723.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 523.79 723.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.39 711.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.39 711.60 Td (, ) Tj ET Q q 0 0 0 rg BT 166.53 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.37 711.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 222.32 711.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 252.17 711.60 Td (on ) Tj ET Q q 0 0 0 rg BT 264.80 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.65 711.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 295.21 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 297.84 711.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 341.56 711.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 384.17 711.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 417.91 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.87 711.60 Td (such ) Tj ET Q q 0 0 0 rg BT 449.83 711.60 Td (a ) Tj ET Q q 0 0 0 rg BT 456.90 711.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 493.95 711.60 Td (would ) Tj ET Q q 0 0 0 rg BT 521.58 711.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (an ) Tj ET Q q 0 0 0 rg BT 92.94 699.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 128.19 699.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.02 699.60 Td ($201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.02 699.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 680.60 Td (The ) Tj ET Q q 0 0 0 rg BT 117.55 680.60 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 154.97 680.60 Td (models ) Tj ET Q q 0 0 0 rg BT 186.87 680.60 Td (used ) Tj ET Q q 0 0 0 rg BT 208.20 680.60 Td (to ) Tj ET Q q 0 0 0 rg BT 218.98 680.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 255.31 680.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.53 680.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 300.75 680.60 Td (of ) Tj ET Q q 0 0 0 rg BT 312.08 680.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.52 680.60 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.96 680.60 Td ( ) Tj ET Q q 0 0 0 rg BT 336.97 680.60 Td (percentage ) Tj ET Q q 0 0 0 rg BT 383.27 680.60 Td (point ) Tj ET Q q 0 0 0 rg BT 406.83 680.60 Td (change ) Tj ET Q q 0 0 0 rg BT 438.15 680.60 Td (in ) Tj ET Q q 0 0 0 rg BT 448.93 680.60 Td (market ) Tj ET Q q 0 0 0 rg BT 479.70 680.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 512.14 680.60 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 668.60 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 128.79 668.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 170.48 668.60 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 224.68 668.60 Td (require ) Tj ET Q q 0 0 0 rg BT 255.25 668.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 299.72 668.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 339.19 668.60 Td (and ) Tj ET Q q 0 0 0 rg BT 355.88 668.60 Td (assume ) Tj ET Q q 0 0 0 rg BT 387.57 668.60 Td (an ) Tj ET Q q 0 0 0 rg BT 399.27 668.60 Td (immediate ) Tj ET Q q 0 0 0 rg BT 443.73 668.60 Td (and ) Tj ET Q q 0 0 0 rg BT 460.42 668.60 Td (parallel ) Tj ET Q q 0 0 0 rg BT 492.66 668.60 Td (change ) Tj ET Q q 0 0 0 rg BT 523.23 668.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 114.18 656.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 136.80 656.60 Td (without ) Tj ET Q q 0 0 0 rg BT 171.10 656.60 Td (any ) Tj ET Q q 0 0 0 rg BT 189.29 656.60 Td (management ) Tj ET Q q 0 0 0 rg BT 244.12 656.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.20 656.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.16 656.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 319.78 656.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 358.52 656.60 Td (in ) Tj ET Q q 0 0 0 rg BT 370.05 656.60 Td (reaction ) Tj ET Q q 0 0 0 rg BT 406.00 656.60 Td (to ) Tj ET Q q 0 0 0 rg BT 417.52 656.60 Td (such ) Tj ET Q q 0 0 0 rg BT 439.59 656.60 Td (change. ) Tj ET Q q 0 0 0 rg BT 474.15 656.60 Td (Consequently) Tj ET Q q 0 0 0 rg BT 528.50 656.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 644.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 118.27 644.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 152.75 644.60 Td (in ) Tj ET Q q 0 0 0 rg BT 162.81 644.60 Td (value ) Tj ET Q q 0 0 0 rg BT 186.74 644.60 Td (of ) Tj ET Q q 0 0 0 rg BT 197.35 644.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.60 644.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 283.54 644.60 Td (indicated ) Tj ET Q q 0 0 0 rg BT 322.47 644.60 Td (by ) Tj ET Q q 0 0 0 rg BT 334.75 644.60 Td (these ) Tj ET Q q 0 0 0 rg BT 357.57 644.60 Td (simulations ) Tj ET Q q 0 0 0 rg BT 405.96 644.60 Td (will ) Tj ET Q q 0 0 0 rg BT 423.80 644.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 448.85 644.60 Td (be ) Tj ET Q q 0 0 0 rg BT 460.56 644.60 Td (dif) Tj ET Q q 0 0 0 rg BT 471.49 644.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 497.08 644.60 Td (from ) Tj ET Q q 0 0 0 rg BT 518.80 644.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 632.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 107.45 632.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 142.24 632.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 193.13 632.60 Td (under ) Tj ET Q q 0 0 0 rg BT 218.48 632.60 Td (given ) Tj ET Q q 0 0 0 rg BT 243.28 632.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 275.29 632.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 292.86 632.60 Td (scenarios, ) Tj ET Q q 0 0 0 rg BT 335.15 632.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.17 632.60 Td (the ) Tj ET Q q 0 0 0 rg BT 366.97 632.60 Td (dif) Tj ET Q q 0 0 0 rg BT 377.89 632.60 Td (ferences ) Tj ET Q q 0 0 0 rg BT 413.78 632.60 Td (may ) Tj ET Q q 0 0 0 rg BT 433.58 632.60 Td (be ) Tj ET Q q 0 0 0 rg BT 445.60 632.60 Td (material. ) Tj ET Q q 0 0 0 rg BT 483.44 632.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 519.34 632.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.60 Td (actively ) Tj ET Q q 0 0 0 rg BT 115.58 620.60 Td (manage ) Tj ET Q q 0 0 0 rg BT 149.61 620.60 Td (our ) Tj ET Q q 0 0 0 rg BT 165.88 620.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 216.59 620.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.96 620.60 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 276.61 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.76 620.60 Td (net ) Tj ET Q q 0 0 0 rg BT 306.91 620.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 345.95 620.60 Td (to ) Tj ET Q q 0 0 0 rg BT 356.66 620.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 389.03 620.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 410.84 620.60 Td (can ) Tj ET Q q 0 0 0 rg BT 427.65 620.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 448.35 620.60 Td (over ) Tj ET Q q 0 0 0 rg BT 469.06 620.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 492.26 620.60 Td (However) Tj ET Q q 0 0 0 rg BT 528.51 620.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 608.60 Td (any ) Tj ET Q q 0 0 0 rg BT 98.67 608.60 Td (such ) Tj ET Q q 0 0 0 rg BT 120.24 608.60 Td (decreases ) Tj ET Q q 0 0 0 rg BT 161.78 608.60 Td (in ) Tj ET Q q 0 0 0 rg BT 172.79 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 188.24 608.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 205.36 608.60 Td (value ) Tj ET Q q 0 0 0 rg BT 230.25 608.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.81 608.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 265.59 608.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 302.71 608.60 Td (securities, ) Tj ET Q q 0 0 0 rg BT 346.21 608.60 Td (unless ) Tj ET Q q 0 0 0 rg BT 374.44 608.60 Td (related ) Tj ET Q q 0 0 0 rg BT 404.88 608.60 Td (to ) Tj ET Q q 0 0 0 rg BT 415.89 608.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 441.89 608.60 Td (concerns ) Tj ET Q q 0 0 0 rg BT 480.66 608.60 Td (of ) Tj ET Q q 0 0 0 rg BT 492.23 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 507.68 608.60 Td (issuer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 596.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 120.33 596.60 Td (recognition ) Tj ET Q q 0 0 0 rg BT 168.56 596.60 Td (of ) Tj ET Q q 0 0 0 rg BT 179.57 596.60 Td (an ) Tj ET Q q 0 0 0 rg BT 191.68 596.60 Td (OTTI, ) Tj ET Q q 0 0 0 rg BT 219.63 596.60 Td (would ) Tj ET Q q 0 0 0 rg BT 247.31 596.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 287.19 596.60 Td (be ) Tj ET Q q 0 0 0 rg BT 299.31 596.60 Td (realized ) Tj ET Q q 0 0 0 rg BT 333.63 596.60 Td (only ) Tj ET Q q 0 0 0 rg BT 354.09 596.60 Td (if ) Tj ET Q q 0 0 0 rg BT 362.88 596.60 Td (we ) Tj ET Q q 0 0 0 rg BT 377.22 596.60 Td (were ) Tj ET Q q 0 0 0 rg BT 399.33 596.60 Td (required ) Tj ET Q q 0 0 0 rg BT 435.32 596.60 Td (to ) Tj ET Q q 0 0 0 rg BT 445.78 596.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 462.35 596.60 Td (such ) Tj ET Q q 0 0 0 rg BT 483.36 596.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 523.80 596.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 584.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 108.05 584.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 130.65 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.59 584.60 Td (their ) Tj ET Q q 0 0 0 rg BT 163.08 584.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 200.12 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 211.06 584.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 233.65 584.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 270.70 584.60 Td (needs. ) Tj ET Q q 0 0 0 rg BT 299.13 584.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 317.85 584.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 354.90 584.60 Td (needs ) Tj ET Q q 0 0 0 rg BT 380.83 584.60 Td (are ) Tj ET Q q 0 0 0 rg BT 396.19 584.60 Td (managed ) Tj ET Q q 0 0 0 rg BT 435.45 584.60 Td (using ) Tj ET Q q 0 0 0 rg BT 460.28 584.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.66 584.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 516.58 584.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 572.60 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 128.49 572.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 172.66 572.60 Td (of ) Tj ET Q q 0 0 0 rg BT 183.49 572.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.20 572.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 230.70 572.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 269.29 572.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.23 572.60 Td (through ) Tj ET Q q 0 0 0 rg BT 319.84 572.60 Td (other ) Tj ET Q q 0 0 0 rg BT 342.88 572.60 Td (means.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 551.60 Td (Equity Price Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 532.60 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 147.11 532.60 Td (all ) Tj ET Q q 0 0 0 rg BT 160.15 532.60 Td (other ) Tj ET Q q 0 0 0 rg BT 183.74 532.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 214.00 532.60 Td (are ) Tj ET Q q 0 0 0 rg BT 229.25 532.60 Td (constant, ) Tj ET Q q 0 0 0 rg BT 268.12 532.60 Td (we ) Tj ET Q q 0 0 0 rg BT 282.83 532.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 319.20 532.60 Td (that ) Tj ET Q q 0 0 0 rg BT 337.24 532.60 Td (a ) Tj ET Q q 0 0 0 rg BT 344.73 532.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 376.64 532.60 Td (in ) Tj ET Q q 0 0 0 rg BT 387.47 532.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 415.51 532.60 Td (market ) Tj ET Q q 0 0 0 rg BT 446.32 532.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 473.25 532.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.62 532.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.95 532.60 Td ( ) Tj ET Q q 0 0 0 rg BT 506.00 532.60 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 520.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 105.91 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.82 520.60 Td (market ) Tj ET Q q 0 0 0 rg BT 151.29 520.60 Td (value ) Tj ET Q q 0 0 0 rg BT 175.64 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.67 520.60 Td (our ) Tj ET Q q 0 0 0 rg BT 202.70 520.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 230.39 520.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 280.87 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 291.34 520.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 328.46 520.60 Td (by ) Tj ET Q q 0 0 0 rg BT 341.16 520.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.61 520.60 Td ($68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.61 520.60 Td (, ) Tj ET Q q 0 0 0 rg BT 421.81 520.60 Td (our ) Tj ET Q q 0 0 0 rg BT 437.84 520.60 Td (call ) Tj ET Q q 0 0 0 rg BT 454.97 520.60 Td (option ) Tj ET Q q 0 0 0 rg BT 483.23 520.60 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 508.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.18 508.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 128.00 508.60 Td (by ) Tj ET Q q 0 0 0 rg BT 140.40 508.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.57 508.60 Td ($9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.57 508.60 Td ( ) Tj ET Q q 0 0 0 rg BT 212.97 508.60 Td (based ) Tj ET Q q 0 0 0 rg BT 238.14 508.60 Td (on ) Tj ET Q q 0 0 0 rg BT 250.55 508.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 277.95 508.60 Td (positions ) Tj ET Q q 0 0 0 rg BT 316.47 508.60 Td (and ) Tj ET Q q 0 0 0 rg BT 333.31 508.60 Td (our ) Tj ET Q q 0 0 0 rg BT 349.04 508.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 364.60 508.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.01 508.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 410.51 508.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 452.89 508.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 486.40 508.60 Td (to ) Tj ET Q q 0 0 0 rg BT 496.58 508.60 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 496.60 Td (by ) Tj ET Q q 0 0 0 rg BT 93.61 496.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.98 496.60 Td ($27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.98 496.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.60 496.60 Td (as ) Tj ET Q q 0 0 0 rg BT 182.54 496.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.48 496.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 253.86 496.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.86 496.60 Td (. ) Tj ET Q q 0 0 0 rg BT 278.97 496.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 314.90 496.60 Td (our ) Tj ET Q q 0 0 0 rg BT 330.84 496.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 358.45 496.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 408.83 496.60 Td (are ) Tj ET Q q 0 0 0 rg BT 423.65 496.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 464.03 496.60 Td (as ) Tj ET Q q 0 0 0 rg BT 474.39 496.60 Td (AFS, ) Tj ET Q q 0 0 0 rg BT 497.85 496.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.68 496.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 484.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 112.24 484.60 Td (would ) Tj ET Q q 0 0 0 rg BT 139.61 484.60 Td (not ) Tj ET Q q 0 0 0 rg BT 154.75 484.60 Td (af) Tj ET Q q 0 0 0 rg BT 162.34 484.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 179.70 484.60 Td (current ) Tj ET Q q 0 0 0 rg BT 210.38 484.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 246.63 484.60 Td (except ) Tj ET Q q 0 0 0 rg BT 275.09 484.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.23 484.60 Td (the ) Tj ET Q q 0 0 0 rg BT 299.82 484.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 326.62 484.60 Td (that ) Tj ET Q q 0 0 0 rg BT 343.98 484.60 Td (it ) Tj ET Q q 0 0 0 rg BT 351.91 484.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 383.70 484.60 Td (OTTI. ) Tj ET Q q 0 0 0 rg BT 411.17 484.60 Td (These ) Tj ET Q q 0 0 0 rg BT 437.41 484.60 Td (scenarios ) Tj ET Q q 0 0 0 rg BT 476.99 484.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 513.23 484.60 Td (only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 472.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.95 472.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 121.45 472.60 Td (ef) Tj ET Q q 0 0 0 rg BT 129.04 472.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 146.76 472.60 Td (on ) Tj ET Q q 0 0 0 rg BT 159.50 472.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 176.11 472.60 Td (value ) Tj ET Q q 0 0 0 rg BT 200.51 472.60 Td (of ) Tj ET Q q 0 0 0 rg BT 211.57 472.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 247.07 472.60 Td (in ) Tj ET Q q 0 0 0 rg BT 257.59 472.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 285.32 472.60 Td (market ) Tj ET Q q 0 0 0 rg BT 315.82 472.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 341.88 472.60 Td (and ) Tj ET Q q 0 0 0 rg BT 359.06 472.60 Td (not ) Tj ET Q q 0 0 0 rg BT 374.57 472.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 409.52 472.60 Td (in ) Tj ET Q q 0 0 0 rg BT 420.03 472.60 Td (asset-based ) Tj ET Q q 0 0 0 rg BT 468.31 472.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 487.14 472.60 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 460.60 Td (as ) Tj ET Q q 0 0 0 rg BT 91.83 460.60 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 128.48 460.60 Td (or ) Tj ET Q q 0 0 0 rg BT 139.31 460.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 174.01 460.60 Td (in ) Tj ET Q q 0 0 0 rg BT 184.29 460.60 Td (our ) Tj ET Q q 0 0 0 rg BT 200.12 460.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 239.83 460.60 Td (of ) Tj ET Q q 0 0 0 rg BT 250.66 460.60 Td (total ) Tj ET Q q 0 0 0 rg BT 270.94 460.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 294.55 460.60 Td (profits ) Tj ET Q q 0 0 0 rg BT 323.16 460.60 Td (used ) Tj ET Q q 0 0 0 rg BT 343.99 460.60 Td (as ) Tj ET Q q 0 0 0 rg BT 354.82 460.60 Td (a ) Tj ET Q q 0 0 0 rg BT 361.76 460.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 384.26 460.60 Td (for ) Tj ET Q q 0 0 0 rg BT 398.42 460.60 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 444.24 460.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 467.85 460.60 Td (and ) Tj ET Q q 0 0 0 rg BT 484.61 460.60 Td (VOBA.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 439.60 Td (Item8. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 118.49 439.60 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 421.00 Td (The ) Tj ET Q q 0 0 0 rg BT 122.66 421.00 Td (Reports ) Tj ET Q q 0 0 0 rg BT 157.39 421.00 Td (of ) Tj ET Q q 0 0 0 rg BT 169.34 421.00 Td (Independent ) Tj ET Q q 0 0 0 rg BT 222.38 421.00 Td (Registered ) Tj ET Q q 0 0 0 rg BT 268.76 421.00 Td (Public ) Tj ET Q q 0 0 0 rg BT 297.13 421.00 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 347.41 421.00 Td (Firms, ) Tj ET Q q 0 0 0 rg BT 376.86 421.00 Td (the ) Tj ET Q q 0 0 0 rg BT 392.70 421.00 Td (Company) Tj ET Q q 0 0 0 rg BT 434.36 421.00 Td (s ) Tj ET Q q 0 0 0 rg BT 441.87 421.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 496.03 421.00 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 409.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 126.96 409.00 Td (and ) Tj ET Q q 0 0 0 rg BT 145.15 409.00 Td (notes ) Tj ET Q q 0 0 0 rg BT 170.01 409.00 Td (to ) Tj ET Q q 0 0 0 rg BT 181.53 409.00 Td (the ) Tj ET Q q 0 0 0 rg BT 197.50 409.00 Td (Company) Tj ET Q q 0 0 0 rg BT 239.16 409.00 Td (s ) Tj ET Q q 0 0 0 rg BT 246.80 409.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 301.10 409.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 339.83 409.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 385.79 409.00 Td (appear ) Tj ET Q q 0 0 0 rg BT 416.18 409.00 Td (in ) Tj ET Q q 0 0 0 rg BT 427.71 409.00 Td (a ) Tj ET Q q 0 0 0 rg BT 435.90 409.00 Td (separate ) Tj ET Q q 0 0 0 rg BT 472.40 409.00 Td (section ) Tj ET Q q 0 0 0 rg BT 504.47 409.00 Td (of ) Tj ET Q q 0 0 0 rg BT 516.55 409.00 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 397.00 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 130.20 397.00 Td (\(beginning ) Tj ET Q q 0 0 0 rg BT 178.00 397.00 Td (on ) Tj ET Q q 0 0 0 rg BT 192.48 397.00 Td (PageF-2 ) Tj ET Q q 0 0 0 rg BT 232.79 397.00 Td (following ) Tj ET Q q 0 0 0 rg BT 276.15 397.00 Td (PartIV\). ) Tj ET Q q 0 0 0 rg BT 315.30 397.00 Td (The ) Tj ET Q q 0 0 0 rg BT 335.32 397.00 Td (index ) Tj ET Q q 0 0 0 rg BT 362.01 397.00 Td (to ) Tj ET Q q 0 0 0 rg BT 374.27 397.00 Td (the ) Tj ET Q q 0 0 0 rg BT 390.96 397.00 Td (Company) Tj ET Q q 0 0 0 rg BT 432.63 397.00 Td (s ) Tj ET Q q 0 0 0 rg BT 441.00 397.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 496.02 397.00 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 385.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 125.71 385.00 Td (appears ) Tj ET Q q 0 0 0 rg BT 158.75 385.00 Td (on ) Tj ET Q q 0 0 0 rg BT 171.25 385.00 Td (PageF-1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 361.00 Td (Item9. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 118.49 361.00 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 0 rg BT 269.54 361.00 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 336.41 361.00 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.00 342.40 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 309.40 Td (Item9A. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 136.00 309.40 Td (Controls ) Tj ET Q q 0 0 0 rg BT 174.07 309.40 Td (and ) Tj ET Q q 0 0 0 rg BT 192.13 309.40 Td (Procedures ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 283.00 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 130.18 283.00 Td (of ) Tj ET Q q 0 0 0 rg BT 141.01 283.00 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 180.83 283.00 Td (e ) Tj ET Q q 0 0 0 rg BT 187.77 283.00 Td (Contr) Tj ET Q q 0 0 0 rg BT 213.14 283.00 Td (ols ) Tj ET Q q 0 0 0 rg BT 227.31 283.00 Td (and ) Tj ET Q q 0 0 0 rg BT 245.93 283.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 256.30 283.00 Td (ocedur) Tj ET Q q 0 0 0 rg BT 285.56 283.00 Td (es ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 264.00 Td (An ) Tj ET Q q 0 0 0 rg BT 119.94 264.00 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 165.82 264.00 Td (was ) Tj ET Q q 0 0 0 rg BT 185.59 264.00 Td (performed ) Tj ET Q q 0 0 0 rg BT 231.46 264.00 Td (under ) Tj ET Q q 0 0 0 rg BT 258.45 264.00 Td (the ) Tj ET Q q 0 0 0 rg BT 274.89 264.00 Td (supervision ) Tj ET Q q 0 0 0 rg BT 325.22 264.00 Td (and ) Tj ET Q q 0 0 0 rg BT 343.88 264.00 Td (participation ) Tj ET Q q 0 0 0 rg BT 398.64 264.00 Td (of ) Tj ET Q q 0 0 0 rg BT 411.20 264.00 Td (the ) Tj ET Q q 0 0 0 rg BT 427.63 264.00 Td (Company) Tj ET Q q 0 0 0 rg BT 469.30 264.00 Td (s ) Tj ET Q q 0 0 0 rg BT 477.41 264.00 Td (management, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 252.00 Td (including ) Tj ET Q q 0 0 0 rg BT 121.64 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 136.72 252.00 Td (CEO ) Tj ET Q q 0 0 0 rg BT 159.59 252.00 Td (and ) Tj ET Q q 0 0 0 rg BT 176.89 252.00 Td (Chief ) Tj ET Q q 0 0 0 rg BT 201.98 252.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 242.05 252.00 Td (Of) Tj ET Q q 0 0 0 rg BT 252.43 252.00 Td (ficer ) Tj ET Q q 0 0 0 rg BT 273.61 252.00 Td (\("CFO"\), ) Tj ET Q q 0 0 0 rg BT 313.25 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 324.45 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 339.53 252.00 Td (ef) Tj ET Q q 0 0 0 rg BT 347.12 252.00 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 394.41 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 405.60 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 420.69 252.00 Td (design ) Tj ET Q q 0 0 0 rg BT 449.66 252.00 Td (and ) Tj ET Q q 0 0 0 rg BT 466.97 252.00 Td (operation ) Tj ET Q q 0 0 0 rg BT 507.60 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 252.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 240.00 Td (Company) Tj ET Q q 0 0 0 rg BT 122.67 240.00 Td (s ) Tj ET Q q 0 0 0 rg BT 130.09 240.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 174.17 240.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 209.93 240.00 Td (and ) Tj ET Q q 0 0 0 rg BT 227.90 240.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 275.30 240.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 290.50 240.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 324.02 240.00 Td (in ) Tj ET Q q 0 0 0 rg BT 335.33 240.00 Td (Rules13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 403.01 240.00 Td (and ) Tj ET Q q 0 0 0 rg BT 420.99 240.00 Td (15d-15\(e\) ) Tj ET Q q 0 0 0 rg BT 463.95 240.00 Td (of ) Tj ET Q q 0 0 0 rg BT 475.81 240.00 Td (the ) Tj ET Q q 0 0 0 rg BT 491.57 240.00 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 228.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 121.93 228.00 Td (Act ) Tj ET Q q 0 0 0 rg BT 138.31 228.00 Td (of ) Tj ET Q q 0 0 0 rg BT 148.57 228.00 Td (1934, ) Tj ET Q q 0 0 0 rg BT 173.01 228.00 Td (as ) Tj ET Q q 0 0 0 rg BT 183.27 228.00 Td (amended ) Tj ET Q q 0 0 0 rg BT 221.30 228.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 238.78 228.00 Td ("Exchange ) Tj ET Q q 0 0 0 rg BT 283.79 228.00 Td (Act"\)\), ) Tj ET Q q 0 0 0 rg BT 313.41 228.00 Td (as ) Tj ET Q q 0 0 0 rg BT 323.68 228.00 Td (of ) Tj ET Q q 0 0 0 rg BT 333.94 228.00 Td (the ) Tj ET Q q 0 0 0 rg BT 348.09 228.00 Td (end ) Tj ET Q q 0 0 0 rg BT 364.47 228.00 Td (of ) Tj ET Q q 0 0 0 rg BT 374.73 228.00 Td (the ) Tj ET Q q 0 0 0 rg BT 388.88 228.00 Td (period ) Tj ET Q q 0 0 0 rg BT 416.37 228.00 Td (covered ) Tj ET Q q 0 0 0 rg BT 449.95 228.00 Td (by ) Tj ET Q q 0 0 0 rg BT 461.88 228.00 Td (this ) Tj ET Q q 0 0 0 rg BT 478.26 228.00 Td (report. ) Tj ET Q q 0 0 0 rg BT 506.58 228.00 Td (Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 216.00 Td (on ) Tj ET Q q 0 0 0 rg BT 93.01 216.00 Td (that ) Tj ET Q q 0 0 0 rg BT 110.01 216.00 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 156.17 216.00 Td (the ) Tj ET Q q 0 0 0 rg BT 170.39 216.00 Td (Company) Tj ET Q q 0 0 0 rg BT 212.05 216.00 Td (s ) Tj ET Q q 0 0 0 rg BT 217.95 216.00 Td (management, ) Tj ET Q q 0 0 0 rg BT 273.55 216.00 Td (including ) Tj ET Q q 0 0 0 rg BT 313.33 216.00 Td (the ) Tj ET Q q 0 0 0 rg BT 327.55 216.00 Td (CEO ) Tj ET Q q 0 0 0 rg BT 349.56 216.00 Td (and ) Tj ET Q q 0 0 0 rg BT 366.00 216.00 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 389.96 216.00 Td (concluded ) Tj ET Q q 0 0 0 rg BT 433.07 216.00 Td (that, ) Tj ET Q q 0 0 0 rg BT 452.57 216.00 Td (as ) Tj ET Q q 0 0 0 rg BT 462.90 216.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.24 216.00 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 204.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 204.00 Td (, ) Tj ET Q q 0 0 0 rg BT 105.58 204.00 Td (the ) Tj ET Q q 0 0 0 rg BT 119.88 204.00 Td (Company) Tj ET Q q 0 0 0 rg BT 161.54 204.00 Td (s ) Tj ET Q q 0 0 0 rg BT 167.51 204.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 210.14 204.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 244.43 204.00 Td (and ) Tj ET Q q 0 0 0 rg BT 260.95 204.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 306.90 204.00 Td (were ) Tj ET Q q 0 0 0 rg BT 328.40 204.00 Td (ef) Tj ET Q q 0 0 0 rg BT 335.99 204.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 365.27 204.00 Td (to ) Tj ET Q q 0 0 0 rg BT 375.13 204.00 Td (ensure ) Tj ET Q q 0 0 0 rg BT 403.31 204.00 Td (that ) Tj ET Q q 0 0 0 rg BT 420.38 204.00 Td (information ) Tj ET Q q 0 0 0 rg BT 469.67 204.00 Td (we ) Tj ET Q q 0 0 0 rg BT 483.41 204.00 Td (are ) Tj ET Q q 0 0 0 rg BT 497.70 204.00 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 192.00 Td (to ) Tj ET Q q 0 0 0 rg BT 90.32 192.00 Td (disclose ) Tj ET Q q 0 0 0 rg BT 124.07 192.00 Td (in ) Tj ET Q q 0 0 0 rg BT 133.39 192.00 Td (reports ) Tj ET Q q 0 0 0 rg BT 162.70 192.00 Td (that ) Tj ET Q q 0 0 0 rg BT 179.23 192.00 Td (we ) Tj ET Q q 0 0 0 rg BT 192.43 192.00 Td (file ) Tj ET Q q 0 0 0 rg BT 207.30 192.00 Td (or ) Tj ET Q q 0 0 0 rg BT 217.17 192.00 Td (submit ) Tj ET Q q 0 0 0 rg BT 245.94 192.00 Td (under ) Tj ET Q q 0 0 0 rg BT 270.24 192.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.00 192.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 324.62 192.00 Td (Act ) Tj ET Q q 0 0 0 rg BT 340.60 192.00 Td (is ) Tj ET Q q 0 0 0 rg BT 348.81 192.00 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 387.83 192.00 Td (processed, ) Tj ET Q q 0 0 0 rg BT 431.29 192.00 Td (summarized ) Tj ET Q q 0 0 0 rg BT 481.71 192.00 Td (and ) Tj ET Q q 0 0 0 rg BT 497.68 192.00 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 180.00 Td (within ) Tj ET Q q 0 0 0 rg BT 110.04 180.00 Td (the ) Tj ET Q q 0 0 0 rg BT 125.75 180.00 Td (time ) Tj ET Q q 0 0 0 rg BT 147.01 180.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 179.93 180.00 Td (specified ) Tj ET Q q 0 0 0 rg BT 219.51 180.00 Td (in ) Tj ET Q q 0 0 0 rg BT 230.78 180.00 Td (the ) Tj ET Q q 0 0 0 rg BT 246.48 180.00 Td (SEC) Tj ET Q q 0 0 0 rg BT 267.60 180.00 Td (s ) Tj ET Q q 0 0 0 rg BT 274.97 180.00 Td (rules ) Tj ET Q q 0 0 0 rg BT 297.90 180.00 Td (and ) Tj ET Q q 0 0 0 rg BT 315.82 180.00 Td (forms, ) Tj ET Q q 0 0 0 rg BT 345.14 180.00 Td (and ) Tj ET Q q 0 0 0 rg BT 363.07 180.00 Td (is ) Tj ET Q q 0 0 0 rg BT 373.22 180.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 427.24 180.00 Td (and ) Tj ET Q q 0 0 0 rg BT 445.16 180.00 Td (communicated ) Tj ET Q q 0 0 0 rg BT 507.51 180.00 Td (to ) Tj ET Q q 0 0 0 rg BT 518.78 180.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 168.00 Td (Company) Tj ET Q q 0 0 0 rg BT 122.67 168.00 Td (s ) Tj ET Q q 0 0 0 rg BT 130.58 168.00 Td (management, ) Tj ET Q q 0 0 0 rg BT 188.19 168.00 Td (including ) Tj ET Q q 0 0 0 rg BT 229.99 168.00 Td (the ) Tj ET Q q 0 0 0 rg BT 246.23 168.00 Td (Company) Tj ET Q q 0 0 0 rg BT 287.89 168.00 Td (s ) Tj ET Q q 0 0 0 rg BT 295.80 168.00 Td (CEO ) Tj ET Q q 0 0 0 rg BT 319.83 168.00 Td (and ) Tj ET Q q 0 0 0 rg BT 338.29 168.00 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 364.26 168.00 Td (as ) Tj ET Q q 0 0 0 rg BT 376.62 168.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 426.17 168.00 Td (to ) Tj ET Q q 0 0 0 rg BT 437.97 168.00 Td (allow ) Tj ET Q q 0 0 0 rg BT 464.21 168.00 Td (timely ) Tj ET Q q 0 0 0 rg BT 493.79 168.00 Td (decisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 156.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 121.82 156.00 Td (required ) Tj ET Q q 0 0 0 rg BT 157.63 156.00 Td (disclosure. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 137.00 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 174.40 137.00 Td (the ) Tj ET Q q 0 0 0 rg BT 190.86 137.00 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 236.48 137.00 Td (there ) Tj ET Q q 0 0 0 rg BT 260.70 137.00 Td (can ) Tj ET Q q 0 0 0 rg BT 278.81 137.00 Td (be ) Tj ET Q q 0 0 0 rg BT 292.49 137.00 Td (no ) Tj ET Q q 0 0 0 rg BT 306.73 137.00 Td (assurance ) Tj ET Q q 0 0 0 rg BT 349.84 137.00 Td (that ) Tj ET Q q 0 0 0 rg BT 369.07 137.00 Td (the ) Tj ET Q q 0 0 0 rg BT 385.53 137.00 Td (Company) Tj ET Q q 0 0 0 rg BT 427.19 137.00 Td (s ) Tj ET Q q 0 0 0 rg BT 435.32 137.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 480.11 137.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 516.56 137.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 125.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 128.25 125.00 Td (will ) Tj ET Q q 0 0 0 rg BT 147.18 125.00 Td (detect ) Tj ET Q q 0 0 0 rg BT 174.43 125.00 Td (or ) Tj ET Q q 0 0 0 rg BT 186.14 125.00 Td (uncover ) Tj ET Q q 0 0 0 rg BT 221.73 125.00 Td (all ) Tj ET Q q 0 0 0 rg BT 235.10 125.00 Td (failures ) Tj ET Q q 0 0 0 rg BT 268.47 125.00 Td (of ) Tj ET Q q 0 0 0 rg BT 280.17 125.00 Td (persons ) Tj ET Q q 0 0 0 rg BT 314.11 125.00 Td (within ) Tj ET Q q 0 0 0 rg BT 343.04 125.00 Td (the ) Tj ET Q q 0 0 0 rg BT 358.64 125.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 400.90 125.00 Td (to ) Tj ET Q q 0 0 0 rg BT 412.06 125.00 Td (disclose ) Tj ET Q q 0 0 0 rg BT 447.66 125.00 Td (material ) Tj ET Q q 0 0 0 rg BT 483.79 125.00 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 113.00 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 124.30 113.00 Td (required ) Tj ET Q q 0 0 0 rg BT 162.03 113.00 Td (to ) Tj ET Q q 0 0 0 rg BT 174.23 113.00 Td (be ) Tj ET Q q 0 0 0 rg BT 188.09 113.00 Td (set ) Tj ET Q q 0 0 0 rg BT 203.62 113.00 Td (forth ) Tj ET Q q 0 0 0 rg BT 227.48 113.00 Td (in ) Tj ET Q q 0 0 0 rg BT 239.67 113.00 Td (the ) Tj ET Q q 0 0 0 rg BT 256.31 113.00 Td (Company) Tj ET Q q 0 0 0 rg BT 297.98 113.00 Td (s ) Tj ET Q q 0 0 0 rg BT 306.29 113.00 Td (periodic ) Tj ET Q q 0 0 0 rg BT 343.47 113.00 Td (reports. ) Tj ET Q q 0 0 0 rg BT 377.84 113.00 Td (There ) Tj ET Q q 0 0 0 rg BT 405.58 113.00 Td (are ) Tj ET Q q 0 0 0 rg BT 422.20 113.00 Td (inherent ) Tj ET Q q 0 0 0 rg BT 459.39 113.00 Td (limitations ) Tj ET Q q 0 0 0 rg BT 506.58 113.00 Td (to ) Tj ET Q q 0 0 0 rg BT 518.78 113.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 101.00 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 101.00 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 135.98 101.00 Td (of ) Tj ET Q q 0 0 0 rg BT 147.27 101.00 Td (any ) Tj ET Q q 0 0 0 rg BT 164.68 101.00 Td (system ) Tj ET Q q 0 0 0 rg BT 195.42 101.00 Td (of ) Tj ET Q q 0 0 0 rg BT 206.72 101.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 250.23 101.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 285.41 101.00 Td (and ) Tj ET Q q 0 0 0 rg BT 302.81 101.00 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 352.15 101.00 Td (including ) Tj ET Q q 0 0 0 rg BT 392.88 101.00 Td (the ) Tj ET Q q 0 0 0 rg BT 408.07 101.00 Td (possibility ) Tj ET Q q 0 0 0 rg BT 452.71 101.00 Td (of ) Tj ET Q q 0 0 0 rg BT 464.00 101.00 Td (human ) Tj ET Q q 0 0 0 rg BT 494.18 101.00 Td (error ) Tj ET Q q 0 0 0 rg BT 516.58 101.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 89.00 Td (the ) Tj ET Q q 0 0 0 rg BT 96.21 89.00 Td (circumvention ) Tj ET Q q 0 0 0 rg BT 156.96 89.00 Td (or ) Tj ET Q q 0 0 0 rg BT 168.27 89.00 Td (overriding ) Tj ET Q q 0 0 0 rg BT 212.92 89.00 Td (of ) Tj ET Q q 0 0 0 rg BT 224.24 89.00 Td (the ) Tj ET Q q 0 0 0 rg BT 239.45 89.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 274.65 89.00 Td (and ) Tj ET Q q 0 0 0 rg BT 292.08 89.00 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 340.78 89.00 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 390.11 89.00 Td (, ) Tj ET Q q 0 0 0 rg BT 395.60 89.00 Td (even ) Tj ET Q q 0 0 0 rg BT 417.47 89.00 Td (ef) Tj ET Q q 0 0 0 rg BT 425.06 89.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 455.25 89.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 498.79 89.00 Td (controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 77.00 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 77.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 144.31 77.00 Td (can ) Tj ET Q q 0 0 0 rg BT 160.68 77.00 Td (only ) Tj ET Q q 0 0 0 rg BT 180.96 77.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 214.01 77.00 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 261.76 77.00 Td (not ) Tj ET Q q 0 0 0 rg BT 277.04 77.00 Td (absolute, ) Tj ET Q q 0 0 0 rg BT 315.37 77.00 Td (assurance ) Tj ET Q q 0 0 0 rg BT 356.73 77.00 Td (of ) Tj ET Q q 0 0 0 rg BT 367.56 77.00 Td (achieving ) Tj ET Q q 0 0 0 rg BT 408.93 77.00 Td (their ) Tj ET Q q 0 0 0 rg BT 429.76 77.00 Td (control ) Tj ET Q q 0 0 0 rg BT 460.58 77.00 Td (objectives.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 53.00 Td (Management) Tj ET Q q 0 0 0 rg BT 140.06 53.00 Td (s Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 254.87 53.00 Td (ol Over) Tj ET Q q 0 0 0 rg BT 286.63 53.00 Td ( Financial Reporting) Tj ET Q endstream endobj 189 0 obj <>] /Rotate 0 /Contents 190 0 R>> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 723.60 Td (The ) Tj ET Q q 0 0 0 rg BT 121.49 723.60 Td (Company) Tj ET Q q 0 0 0 rg BT 163.15 723.60 Td (s ) Tj ET Q q 0 0 0 rg BT 169.48 723.60 Td (management ) Tj ET Q q 0 0 0 rg BT 223.01 723.60 Td (is ) Tj ET Q q 0 0 0 rg BT 232.12 723.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 280.11 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 294.21 723.60 Td (establishing ) Tj ET Q q 0 0 0 rg BT 344.43 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 361.30 723.60 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 411.51 723.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 449.49 723.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 482.47 723.60 Td (control ) Tj ET Q q 0 0 0 rg BT 513.23 723.60 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.02 711.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 156.71 711.60 Td (for ) Tj ET Q q 0 0 0 rg BT 170.40 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.65 711.60 Td (Company) Tj ET Q q 0 0 0 rg BT 222.89 711.60 Td (, ) Tj ET Q q 0 0 0 rg BT 227.43 711.60 Td (as ) Tj ET Q q 0 0 0 rg BT 237.79 711.60 Td (such ) Tj ET Q q 0 0 0 rg BT 258.16 711.60 Td (term ) Tj ET Q q 0 0 0 rg BT 278.52 711.60 Td (is ) Tj ET Q q 0 0 0 rg BT 287.22 711.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 319.24 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 329.06 711.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 370.07 711.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 386.54 711.60 Td (Rule ) Tj ET Q q 0 0 0 rg BT 407.46 711.60 Td (13a-15\(f\). ) Tj ET Q q 0 0 0 rg BT 449.75 711.60 Td (Internal ) Tj ET Q q 0 0 0 rg BT 482.88 711.60 Td (control ) Tj ET Q q 0 0 0 rg BT 513.24 711.60 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.49 699.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 159.65 699.60 Td (is ) Tj ET Q q 0 0 0 rg BT 169.82 699.60 Td (a ) Tj ET Q q 0 0 0 rg BT 177.76 699.60 Td (process ) Tj ET Q q 0 0 0 rg BT 211.26 699.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 250.31 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 261.59 699.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 295.65 699.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 341.90 699.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 384.28 699.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 426.10 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 441.82 699.60 Td (reliability ) Tj ET Q q 0 0 0 rg BT 484.20 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 496.04 699.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 120.05 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.88 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.50 687.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 199.42 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 210.15 687.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 247.52 687.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 292.13 687.60 Td (for ) Tj ET Q q 0 0 0 rg BT 306.19 687.60 Td (external ) Tj ET Q q 0 0 0 rg BT 340.78 687.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 378.73 687.60 Td (in ) Tj ET Q q 0 0 0 rg BT 388.90 687.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 436.26 687.60 Td (with ) Tj ET Q q 0 0 0 rg BT 456.43 687.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 496.03 687.60 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 128.28 675.60 Td (principles. ) Tj ET Q q 0 0 0 rg BT 173.63 675.60 Td (Internal ) Tj ET Q q 0 0 0 rg BT 208.13 675.60 Td (control ) Tj ET Q q 0 0 0 rg BT 239.86 675.60 Td (over ) Tj ET Q q 0 0 0 rg BT 261.04 675.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.43 675.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 339.50 675.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 376.23 675.60 Td (those ) Tj ET Q q 0 0 0 rg BT 400.75 675.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 435.26 675.60 Td (and ) Tj ET Q q 0 0 0 rg BT 453.11 675.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 500.39 675.60 Td (that: ) Tj ET Q q 0 0 0 rg BT 521.57 675.60 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (pertain ) Tj ET Q q 0 0 0 rg BT 111.52 663.60 Td (to ) Tj ET Q q 0 0 0 rg BT 122.05 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.03 663.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 190.31 663.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.40 663.60 Td (records ) Tj ET Q q 0 0 0 rg BT 233.58 663.60 Td (that, ) Tj ET Q q 0 0 0 rg BT 253.83 663.60 Td (in ) Tj ET Q q 0 0 0 rg BT 264.37 663.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 309.88 663.60 Td (detail, ) Tj ET Q q 0 0 0 rg BT 337.35 663.60 Td (accurately ) Tj ET Q q 0 0 0 rg BT 381.18 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.38 663.60 Td (fairly ) Tj ET Q q 0 0 0 rg BT 422.79 663.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 451.08 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 466.05 663.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 516.57 663.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 130.82 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 141.19 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.44 651.60 Td (Company) Tj ET Q q 0 0 0 rg BT 197.11 651.60 Td (s ) Tj ET Q q 0 0 0 rg BT 203.03 651.60 Td (assets; ) Tj ET Q q 0 0 0 rg BT 231.18 651.60 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 245.43 651.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 278.01 651.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 322.80 651.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 363.70 651.60 Td (that ) Tj ET Q q 0 0 0 rg BT 380.73 651.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 430.53 651.60 Td (are ) Tj ET Q q 0 0 0 rg BT 444.77 651.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 481.78 651.60 Td (as ) Tj ET Q q 0 0 0 rg BT 492.15 651.60 Td (necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (to ) Tj ET Q q 0 0 0 rg BT 90.92 639.60 Td (permit ) Tj ET Q q 0 0 0 rg BT 119.16 639.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 166.83 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 177.29 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.65 639.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.77 639.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 273.12 639.60 Td (in ) Tj ET Q q 0 0 0 rg BT 283.03 639.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 330.13 639.60 Td (with ) Tj ET Q q 0 0 0 rg BT 350.05 639.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 389.39 639.60 Td (accepted ) Tj ET Q q 0 0 0 rg BT 426.50 639.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 472.51 639.60 Td (principles, ) Tj ET Q q 0 0 0 rg BT 516.58 639.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.60 Td (that ) Tj ET Q q 0 0 0 rg BT 97.30 627.60 Td (receipts ) Tj ET Q q 0 0 0 rg BT 129.70 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.45 627.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 197.85 627.60 Td (are ) Tj ET Q q 0 0 0 rg BT 211.37 627.60 Td (being ) Tj ET Q q 0 0 0 rg BT 234.89 627.60 Td (made ) Tj ET Q q 0 0 0 rg BT 257.85 627.60 Td (only ) Tj ET Q q 0 0 0 rg BT 276.94 627.60 Td (with ) Tj ET Q q 0 0 0 rg BT 296.03 627.60 Td (proper ) Tj ET Q q 0 0 0 rg BT 323.43 627.60 Td (authorizations; ) Tj ET Q q 0 0 0 rg BT 384.17 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.91 627.60 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 416.22 627.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 448.07 627.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 492.13 627.60 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 121.92 615.60 Td (prevention ) Tj ET Q q 0 0 0 rg BT 167.29 615.60 Td (or ) Tj ET Q q 0 0 0 rg BT 178.23 615.60 Td (timely ) Tj ET Q q 0 0 0 rg BT 206.39 615.60 Td (detection ) Tj ET Q q 0 0 0 rg BT 245.64 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.58 615.60 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 311.39 615.60 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 360.38 615.60 Td (use ) Tj ET Q q 0 0 0 rg BT 376.31 615.60 Td (or ) Tj ET Q q 0 0 0 rg BT 387.25 615.60 Td (disposition ) Tj ET Q q 0 0 0 rg BT 433.75 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 444.69 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.51 615.60 Td (Company) Tj ET Q q 0 0 0 rg BT 501.18 615.60 Td (s ) Tj ET Q q 0 0 0 rg BT 507.68 615.60 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 603.60 Td (that ) Tj ET Q q 0 0 0 rg BT 98.50 603.60 Td (could ) Tj ET Q q 0 0 0 rg BT 123.21 603.60 Td (have ) Tj ET Q q 0 0 0 rg BT 144.59 603.60 Td (a ) Tj ET Q q 0 0 0 rg BT 151.53 603.60 Td (material ) Tj ET Q q 0 0 0 rg BT 186.79 603.60 Td (ef) Tj ET Q q 0 0 0 rg BT 194.37 603.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 211.86 603.60 Td (on ) Tj ET Q q 0 0 0 rg BT 224.36 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.08 603.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.56 603.60 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 584.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 140.95 584.60 Td (of ) Tj ET Q q 0 0 0 rg BT 153.42 584.60 Td (its ) Tj ET Q q 0 0 0 rg BT 167.00 584.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 203.90 584.60 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 253.32 584.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 288.00 584.60 Td (control ) Tj ET Q q 0 0 0 rg BT 320.46 584.60 Td (over ) Tj ET Q q 0 0 0 rg BT 342.36 584.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 381.48 584.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 422.27 584.60 Td (may ) Tj ET Q q 0 0 0 rg BT 443.62 584.60 Td (not ) Tj ET Q q 0 0 0 rg BT 460.54 584.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 494.66 584.60 Td (or ) Tj ET Q q 0 0 0 rg BT 507.13 584.60 Td (detect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 572.60 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 141.49 572.60 Td (These ) Tj ET Q q 0 0 0 rg BT 166.80 572.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 201.00 572.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 245.21 572.60 Td (are ) Tj ET Q q 0 0 0 rg BT 258.85 572.60 Td (an ) Tj ET Q q 0 0 0 rg BT 269.73 572.60 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 303.94 572.60 Td (part ) Tj ET Q q 0 0 0 rg BT 320.92 572.60 Td (of ) Tj ET Q q 0 0 0 rg BT 330.68 572.60 Td (the ) Tj ET Q q 0 0 0 rg BT 344.33 572.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 380.75 572.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 418.84 572.60 Td (process. ) Tj ET Q q 0 0 0 rg BT 452.66 572.60 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 496.01 572.60 Td (although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 560.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.46 560.60 Td (Company) Tj ET Q q 0 0 0 rg BT 137.12 560.60 Td (s ) Tj ET Q q 0 0 0 rg BT 143.25 560.60 Td (management ) Tj ET Q q 0 0 0 rg BT 196.58 560.60 Td (is ) Tj ET Q q 0 0 0 rg BT 205.49 560.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 234.39 560.60 Td (to ) Tj ET Q q 0 0 0 rg BT 244.41 560.60 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 283.85 560.60 Td (this ) Tj ET Q q 0 0 0 rg BT 300.54 560.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 320.28 560.60 Td (it ) Tj ET Q q 0 0 0 rg BT 328.08 560.60 Td (is ) Tj ET Q q 0 0 0 rg BT 336.99 560.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 372.01 560.60 Td (to ) Tj ET Q q 0 0 0 rg BT 382.03 560.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 415.92 560.60 Td (safeguards ) Tj ET Q q 0 0 0 rg BT 460.92 560.60 Td (to ) Tj ET Q q 0 0 0 rg BT 470.94 560.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 499.83 560.60 Td (it. ) Tj ET Q q 0 0 0 rg BT 509.63 560.60 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 548.60 Td (projections ) Tj ET Q q 0 0 0 rg BT 128.30 548.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.49 548.60 Td (any ) Tj ET Q q 0 0 0 rg BT 156.79 548.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 201.30 548.60 Td (of ) Tj ET Q q 0 0 0 rg BT 212.50 548.60 Td (ef) Tj ET Q q 0 0 0 rg BT 220.08 548.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 267.37 548.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.01 548.60 Td (future ) Tj ET Q q 0 0 0 rg BT 304.75 548.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 337.05 548.60 Td (are ) Tj ET Q q 0 0 0 rg BT 352.12 548.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 383.31 548.60 Td (to ) Tj ET Q q 0 0 0 rg BT 393.95 548.60 Td (the ) Tj ET Q q 0 0 0 rg BT 409.03 548.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 426.89 548.60 Td (that ) Tj ET Q q 0 0 0 rg BT 444.75 548.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 479.83 548.60 Td (may ) Tj ET Q q 0 0 0 rg BT 499.91 548.60 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 536.60 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 126.40 536.60 Td (because ) Tj ET Q q 0 0 0 rg BT 160.13 536.60 Td (of ) Tj ET Q q 0 0 0 rg BT 170.54 536.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 204.83 536.60 Td (in ) Tj ET Q q 0 0 0 rg BT 214.70 536.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 260.95 536.60 Td (or ) Tj ET Q q 0 0 0 rg BT 271.36 536.60 Td (that ) Tj ET Q q 0 0 0 rg BT 288.44 536.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.74 536.60 Td (degree ) Tj ET Q q 0 0 0 rg BT 331.47 536.60 Td (of ) Tj ET Q q 0 0 0 rg BT 341.89 536.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 390.06 536.60 Td (with ) Tj ET Q q 0 0 0 rg BT 409.93 536.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.23 536.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 457.42 536.60 Td (or ) Tj ET Q q 0 0 0 rg BT 467.83 536.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 513.78 536.60 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 524.60 Td (deteriorate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 505.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.54 505.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 170.62 505.60 Td (management, ) Tj ET Q q 0 0 0 rg BT 227.71 505.60 Td (under ) Tj ET Q q 0 0 0 rg BT 253.97 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 269.69 505.60 Td (supervision ) Tj ET Q q 0 0 0 rg BT 319.29 505.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.12 505.60 Td (and ) Tj ET Q q 0 0 0 rg BT 349.06 505.60 Td (with ) Tj ET Q q 0 0 0 rg BT 370.33 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.05 505.60 Td (participation ) Tj ET Q q 0 0 0 rg BT 440.08 505.60 Td (of ) Tj ET Q q 0 0 0 rg BT 451.91 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.63 505.60 Td (CEO ) Tj ET Q q 0 0 0 rg BT 491.12 505.60 Td (and ) Tj ET Q q 0 0 0 rg BT 509.06 505.60 Td (CFO, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 493.60 Td (assessed ) Tj ET Q q 0 0 0 rg BT 117.99 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 133.31 493.60 Td (ef) Tj ET Q q 0 0 0 rg BT 140.90 493.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 188.42 493.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.86 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.18 493.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 262.86 493.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 296.51 493.60 Td (control ) Tj ET Q q 0 0 0 rg BT 327.94 493.60 Td (over ) Tj ET Q q 0 0 0 rg BT 348.81 493.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 386.90 493.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 426.66 493.60 Td (as ) Tj ET Q q 0 0 0 rg BT 438.09 493.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.53 493.60 Td (September ) Tj ET Q q 0 0 0 rg BT 495.40 493.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 511.00 493.60 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 481.60 Td (based ) Tj ET Q q 0 0 0 rg BT 105.57 481.60 Td (on ) Tj ET Q q 0 0 0 rg BT 117.38 481.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 147.49 481.60 Td (for ) Tj ET Q q 0 0 0 rg BT 160.95 481.60 Td (ef) Tj ET Q q 0 0 0 rg BT 168.54 481.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 197.55 481.60 Td (control ) Tj ET Q q 0 0 0 rg BT 227.67 481.60 Td (over ) Tj ET Q q 0 0 0 rg BT 247.25 481.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.03 481.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 322.49 481.60 Td (described ) Tj ET Q q 0 0 0 rg BT 362.61 481.60 Td (in ) Tj ET Q q 0 0 0 rg BT 372.19 481.60 Td (Internal ) Tj ET Q q 0 0 0 rg BT 405.08 481.60 Td (Control ) Tj ET Q q 0 0 0 rg BT 437.44 481.60 Td (- ) Tj ET Q q 0 0 0 rg BT 442.58 481.60 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 484.91 481.60 Td (Framework ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 469.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 108.12 469.60 Td (by ) Tj ET Q q 0 0 0 rg BT 120.23 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 134.57 469.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 181.12 469.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.57 469.60 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 239.25 469.60 Td (Or) Tj ET Q q 0 0 0 rg BT 249.62 469.60 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 297.28 469.60 Td (of ) Tj ET Q q 0 0 0 rg BT 307.72 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.90 469.60 Td (T) Tj ET Q q 0 0 0 rg BT 327.66 469.60 Td (readway ) Tj ET Q q 0 0 0 rg BT 363.65 469.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 416.33 469.60 Td (\("COSO"\) ) Tj ET Q q 0 0 0 rg BT 459.94 469.60 Td (in ) Tj ET Q q 0 0 0 rg BT 469.84 469.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 494.46 469.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 521.01 469.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 457.60 Td (this ) Tj ET Q q 0 0 0 rg BT 96.81 457.60 Td (assessment ) Tj ET Q q 0 0 0 rg BT 142.61 457.60 Td (the ) Tj ET Q q 0 0 0 rg BT 156.19 457.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 202.14 457.60 Td (management ) Tj ET Q q 0 0 0 rg BT 254.59 457.60 Td (concluded ) Tj ET Q q 0 0 0 rg BT 297.05 457.60 Td (that ) Tj ET Q q 0 0 0 rg BT 313.41 457.60 Td (its ) Tj ET Q q 0 0 0 rg BT 324.22 457.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 356.13 457.60 Td (control ) Tj ET Q q 0 0 0 rg BT 385.81 457.60 Td (over ) Tj ET Q q 0 0 0 rg BT 404.95 457.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 441.29 457.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 479.31 457.60 Td (was ) Tj ET Q q 0 0 0 rg BT 496.23 457.60 Td (ef) Tj ET Q q 0 0 0 rg BT 503.81 457.60 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 445.60 Td (as ) Tj ET Q q 0 0 0 rg BT 92.34 445.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.68 445.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 164.46 445.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.46 445.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.47 445.60 Td (in ) Tj ET Q q 0 0 0 rg BT 198.26 445.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 246.23 445.60 Td (with ) Tj ET Q q 0 0 0 rg BT 267.02 445.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.25 445.60 Td (COSO ) Tj ET Q q 0 0 0 rg BT 311.94 445.60 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 345.54 445.60 Td (The ) Tj ET Q q 0 0 0 rg BT 364.10 445.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 411.69 445.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 463.58 445.60 Td (registered ) Tj ET Q q 0 0 0 rg BT 506.01 445.60 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 433.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 126.58 433.60 Td (firm, ) Tj ET Q q 0 0 0 rg BT 148.01 433.60 Td (KPMG ) Tj ET Q q 0 0 0 rg BT 178.62 433.60 Td (LLP) Tj ET Q q 0 0 0 rg BT 195.29 433.60 Td (, ) Tj ET Q q 0 0 0 rg BT 199.50 433.60 Td (has ) Tj ET Q q 0 0 0 rg BT 214.54 433.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 241.25 433.60 Td (an ) Tj ET Q q 0 0 0 rg BT 252.40 433.60 Td (attestation ) Tj ET Q q 0 0 0 rg BT 295.21 433.60 Td (report ) Tj ET Q q 0 0 0 rg BT 320.80 433.60 Td (on ) Tj ET Q q 0 0 0 rg BT 332.51 433.60 Td (the ) Tj ET Q q 0 0 0 rg BT 346.44 433.60 Td (ef) Tj ET Q q 0 0 0 rg BT 354.03 433.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 400.17 433.60 Td (of ) Tj ET Q q 0 0 0 rg BT 410.21 433.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.13 433.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 470.43 433.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 502.68 433.60 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 421.60 Td (over ) Tj ET Q q 0 0 0 rg BT 101.27 421.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 138.75 421.60 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 180.40 421.60 Td (which ) Tj ET Q q 0 0 0 rg BT 207.34 421.60 Td (is ) Tj ET Q q 0 0 0 rg BT 216.51 421.60 Td (included ) Tj ET Q q 0 0 0 rg BT 253.45 421.60 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 400.60 Td (Changes ) Tj ET Q q 0 0 0 rg BT 120.17 400.60 Td (in ) Tj ET Q q 0 0 0 rg BT 131.01 400.60 Td (Internal ) Tj ET Q q 0 0 0 rg BT 168.51 400.60 Td (Contr) Tj ET Q q 0 0 0 rg BT 193.89 400.60 Td (ols ) Tj ET Q q 0 0 0 rg BT 208.06 400.60 Td (Over) Tj ET Q q 0 0 0 rg BT 229.53 400.60 Td ( ) Tj ET Q q 0 0 0 rg BT 232.03 400.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 274.54 400.60 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 381.60 Td (An ) Tj ET Q q 0 0 0 rg BT 117.95 381.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 161.83 381.60 Td (was ) Tj ET Q q 0 0 0 rg BT 179.62 381.60 Td (performed ) Tj ET Q q 0 0 0 rg BT 223.49 381.60 Td (under ) Tj ET Q q 0 0 0 rg BT 248.49 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.94 381.60 Td (supervision ) Tj ET Q q 0 0 0 rg BT 311.28 381.60 Td (of ) Tj ET Q q 0 0 0 rg BT 321.84 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.28 381.60 Td (Company) Tj ET Q q 0 0 0 rg BT 377.95 381.60 Td (s ) Tj ET Q q 0 0 0 rg BT 384.07 381.60 Td (management, ) Tj ET Q q 0 0 0 rg BT 439.89 381.60 Td (including ) Tj ET Q q 0 0 0 rg BT 479.89 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 494.34 381.60 Td (CEO ) Tj ET Q q 0 0 0 rg BT 516.57 381.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 369.60 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 104.71 369.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.80 369.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 148.76 369.60 Td (any ) Tj ET Q q 0 0 0 rg BT 164.96 369.60 Td (change ) Tj ET Q q 0 0 0 rg BT 195.03 369.60 Td (in ) Tj ET Q q 0 0 0 rg BT 204.57 369.60 Td (the ) Tj ET Q q 0 0 0 rg BT 218.54 369.60 Td (Company) Tj ET Q q 0 0 0 rg BT 260.21 369.60 Td (s ) Tj ET Q q 0 0 0 rg BT 265.86 369.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 298.16 369.60 Td (control ) Tj ET Q q 0 0 0 rg BT 328.24 369.60 Td (over ) Tj ET Q q 0 0 0 rg BT 347.77 369.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 384.51 369.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 422.92 369.60 Td (\(as ) Tj ET Q q 0 0 0 rg BT 436.34 369.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 468.08 369.60 Td (in ) Tj ET Q q 0 0 0 rg BT 477.62 369.60 Td (the ) Tj ET Q q 0 0 0 rg BT 491.59 369.60 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 357.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 96.74 357.60 Td (Rules ) Tj ET Q q 0 0 0 rg BT 120.83 357.60 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 159.89 357.60 Td (and ) Tj ET Q q 0 0 0 rg BT 175.64 357.60 Td (15d-15\(f\)\) ) Tj ET Q q 0 0 0 rg BT 218.60 357.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 254.88 357.60 Td (during ) Tj ET Q q 0 0 0 rg BT 282.29 357.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.81 357.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 325.44 357.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.62 357.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 409.69 357.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.69 357.60 Td (. ) Tj ET Q q 0 0 0 rg BT 433.50 357.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 459.24 357.60 Td (on ) Tj ET Q q 0 0 0 rg BT 470.55 357.60 Td (that ) Tj ET Q q 0 0 0 rg BT 486.85 357.60 Td (evaluation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.96 345.60 Td (Company) Tj ET Q q 0 0 0 rg BT 136.63 345.60 Td (s ) Tj ET Q q 0 0 0 rg BT 142.27 345.60 Td (management, ) Tj ET Q q 0 0 0 rg BT 197.60 345.60 Td (including ) Tj ET Q q 0 0 0 rg BT 237.12 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.09 345.60 Td (CEO ) Tj ET Q q 0 0 0 rg BT 272.83 345.60 Td (and ) Tj ET Q q 0 0 0 rg BT 289.02 345.60 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 312.72 345.60 Td (concluded ) Tj ET Q q 0 0 0 rg BT 355.56 345.60 Td (that ) Tj ET Q q 0 0 0 rg BT 372.30 345.60 Td (no ) Tj ET Q q 0 0 0 rg BT 384.05 345.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 428.01 345.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 461.96 345.60 Td (in ) Tj ET Q q 0 0 0 rg BT 471.49 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 485.45 345.60 Td (Company) Tj ET Q q 0 0 0 rg BT 527.12 345.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 333.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 113.38 333.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 147.43 333.60 Td (over ) Tj ET Q q 0 0 0 rg BT 167.04 333.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.86 333.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 242.35 333.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 279.16 333.60 Td (during ) Tj ET Q q 0 0 0 rg BT 307.11 333.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.16 333.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 351.32 333.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.03 333.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 436.63 333.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.63 333.60 Td ( ) Tj ET Q q 0 0 0 rg BT 458.47 333.60 Td (that ) Tj ET Q q 0 0 0 rg BT 475.30 333.60 Td (has ) Tj ET Q q 0 0 0 rg BT 490.47 333.60 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 321.60 Td (af) Tj ET Q q 0 0 0 rg BT 88.59 321.60 Td (fected, ) Tj ET Q q 0 0 0 rg BT 118.01 321.60 Td (or ) Tj ET Q q 0 0 0 rg BT 128.84 321.60 Td (is ) Tj ET Q q 0 0 0 rg BT 138.01 321.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 183.83 321.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 209.10 321.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.38 321.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 262.42 321.60 Td (af) Tj ET Q q 0 0 0 rg BT 270.00 321.60 Td (fect, ) Tj ET Q q 0 0 0 rg BT 289.99 321.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.71 321.60 Td (Company) Tj ET Q q 0 0 0 rg BT 346.37 321.60 Td (s ) Tj ET Q q 0 0 0 rg BT 352.76 321.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 385.80 321.60 Td (control ) Tj ET Q q 0 0 0 rg BT 416.63 321.60 Td (over ) Tj ET Q q 0 0 0 rg BT 436.90 321.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 474.38 321.60 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 300.60 Td (Limitations on the Effectiveness of Contr) Tj ET Q q 0 0 0 rg BT 256.08 300.60 Td (ols ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 288.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 276.60 Td (A) Tj ET Q q 0 0 0 rg BT 109.67 276.60 Td ( ) Tj ET Q q 0 0 0 rg BT 112.66 276.60 Td (control ) Tj ET Q q 0 0 0 rg BT 143.97 276.60 Td (system, ) Tj ET Q q 0 0 0 rg BT 177.23 276.60 Td (no ) Tj ET Q q 0 0 0 rg BT 190.22 276.60 Td (matter ) Tj ET Q q 0 0 0 rg BT 218.74 276.60 Td (how ) Tj ET Q q 0 0 0 rg BT 238.95 276.60 Td (well ) Tj ET Q q 0 0 0 rg BT 259.15 276.60 Td (conceived ) Tj ET Q q 0 0 0 rg BT 302.67 276.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.10 276.60 Td (operated, ) Tj ET Q q 0 0 0 rg BT 360.01 276.60 Td (can ) Tj ET Q q 0 0 0 rg BT 376.87 276.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 410.40 276.60 Td (only ) Tj ET Q q 0 0 0 rg BT 431.17 276.60 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 479.41 276.60 Td (not ) Tj ET Q q 0 0 0 rg BT 495.17 276.60 Td (absolute, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 264.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 121.39 264.60 Td (that ) Tj ET Q q 0 0 0 rg BT 137.90 264.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.64 264.60 Td (objectives ) Tj ET Q q 0 0 0 rg BT 193.70 264.60 Td (of ) Tj ET Q q 0 0 0 rg BT 203.55 264.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.29 264.60 Td (control ) Tj ET Q q 0 0 0 rg BT 247.13 264.60 Td (system ) Tj ET Q q 0 0 0 rg BT 276.43 264.60 Td (are ) Tj ET Q q 0 0 0 rg BT 290.16 264.60 Td (met. ) Tj ET Q q 0 0 0 rg BT 309.17 264.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 344.01 264.60 Td (of ) Tj ET Q q 0 0 0 rg BT 353.86 264.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.60 264.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 401.88 264.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 446.18 264.60 Td (in ) Tj ET Q q 0 0 0 rg BT 455.48 264.60 Td (all ) Tj ET Q q 0 0 0 rg BT 466.99 264.60 Td (control ) Tj ET Q q 0 0 0 rg BT 496.84 264.60 Td (systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 252.60 Td (no ) Tj ET Q q 0 0 0 rg BT 92.83 252.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 136.32 252.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.48 252.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 180.53 252.60 Td (can ) Tj ET Q q 0 0 0 rg BT 196.24 252.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 228.62 252.60 Td (absolute ) Tj ET Q q 0 0 0 rg BT 263.78 252.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 304.48 252.60 Td (that ) Tj ET Q q 0 0 0 rg BT 321.31 252.60 Td (all ) Tj ET Q q 0 0 0 rg BT 333.14 252.60 Td (control ) Tj ET Q q 0 0 0 rg BT 363.30 252.60 Td (issues ) Tj ET Q q 0 0 0 rg BT 389.02 252.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.29 252.60 Td (instances ) Tj ET Q q 0 0 0 rg BT 443.78 252.60 Td (of ) Tj ET Q q 0 0 0 rg BT 453.95 252.60 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 479.38 252.60 Td (if ) Tj ET Q q 0 0 0 rg BT 487.32 252.60 Td (any) Tj ET Q q 0 0 0 rg BT 501.11 252.60 Td (, ) Tj ET Q q 0 0 0 rg BT 505.44 252.60 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 240.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 240.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.10 240.60 Td (have ) Tj ET Q q 0 0 0 rg BT 158.48 240.60 Td (been ) Tj ET Q q 0 0 0 rg BT 179.86 240.60 Td (detected. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.00 179.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 107.49 179.00 Td (9B. ) Tj ET Q q 0 0 0 rg BT 124.16 179.00 Td ( ) Tj ET Q q 0 0 0 rg BT 126.66 179.00 Td (Other) Tj ET Q q 0 0 0 rg BT 152.03 179.00 Td ( ) Tj ET Q q 0 0 0 rg BT 154.53 179.00 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.00 160.40 Td (None.) Tj ET Q endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 735.75 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 735.75 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 735.75 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 735.75 Td ( III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 697.35 Td (Item 10. Dir) Tj ET Q q 0 0 0 rg BT 135.25 697.35 Td (ectors, Executive Officers and Corporate Governance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 676.35 Td (Dir) Tj ET Q q 0 0 0 rg BT 95.26 676.35 Td (ectors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 657.35 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 657.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 167.13 657.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 207.82 657.35 Td (Directors ) Tj ET Q q 0 0 0 rg BT 247.40 657.35 Td (of ) Tj ET Q q 0 0 0 rg BT 258.09 657.35 Td (the ) Tj ET Q q 0 0 0 rg BT 272.68 657.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.94 657.35 Td (is ) Tj ET Q q 0 0 0 rg BT 322.98 657.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 375.88 657.35 Td (by ) Tj ET Q q 0 0 0 rg BT 388.25 657.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 427.80 657.35 Td (from ) Tj ET Q q 0 0 0 rg BT 449.61 657.35 Td (the ) Tj ET Q q 0 0 0 rg BT 464.20 657.35 Td (discussion ) Tj ET Q q 0 0 0 rg BT 508.23 657.35 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 645.35 Td (the ) Tj ET Q q 0 0 0 rg BT 97.91 645.35 Td (headings ) Tj ET Q q 0 0 0 rg BT 138.15 645.35 Td (Proposal ) Tj ET Q q 0 0 0 rg BT 182.28 645.35 Td (1 ) Tj ET Q q 0 0 0 rg BT 191.98 645.35 Td (- ) Tj ET Q q 0 0 0 rg BT 200.00 645.35 Td (Election ) Tj ET Q q 0 0 0 rg BT 238.01 645.35 Td (of ) Tj ET Q q 0 0 0 rg BT 251.04 645.35 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 299.88 645.35 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 353.15 645.35 Td (Nominees ) Tj ET Q q 0 0 0 rg BT 402.83 645.35 Td (for ) Tj ET Q q 0 0 0 rg BT 419.18 645.35 Td (Election ) Tj ET Q q 0 0 0 rg BT 457.20 645.35 Td (as ) Tj ET Q q 0 0 0 rg BT 470.22 645.35 Td (Directors ) Tj ET Q q 0 0 0 rg BT 516.56 645.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 633.35 Td (Continuing ) Tj ET Q q 0 0 0 rg BT 132.87 633.35 Td (Directors ) Tj ET Q q 0 0 0 rg BT 176.95 633.35 Td (in ) Tj ET Q q 0 0 0 rg BT 187.16 633.35 Td (the ) Tj ET Q q 0 0 0 rg BT 201.81 633.35 Td (Company) Tj ET Q q 0 0 0 rg BT 243.47 633.35 Td (s ) Tj ET Q q 0 0 0 rg BT 249.79 633.35 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 276.12 633.35 Td (Statement ) Tj ET Q q 0 0 0 rg BT 318.54 633.35 Td (for ) Tj ET Q q 0 0 0 rg BT 332.63 633.35 Td (the ) Tj ET Q q 0 0 0 rg BT 347.28 633.35 Td (2017 ) Tj ET Q q 0 0 0 rg BT 369.17 633.35 Td (Annual ) Tj ET Q q 0 0 0 rg BT 401.04 633.35 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 436.79 633.35 Td (of ) Tj ET Q q 0 0 0 rg BT 447.56 633.35 Td (Stockholders, ) Tj ET Q q 0 0 0 rg BT 504.70 633.35 Td (a ) Tj ET Q q 0 0 0 rg BT 511.57 633.35 Td (copy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 621.35 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 621.35 Td (which ) Tj ET Q q 0 0 0 rg BT 118.77 621.35 Td (will ) Tj ET Q q 0 0 0 rg BT 136.83 621.35 Td (be ) Tj ET Q q 0 0 0 rg BT 148.76 621.35 Td (filed ) Tj ET Q q 0 0 0 rg BT 169.59 621.35 Td (not ) Tj ET Q q 0 0 0 rg BT 184.87 621.35 Td (later ) Tj ET Q q 0 0 0 rg BT 205.13 621.35 Td (than ) Tj ET Q q 0 0 0 rg BT 224.85 621.35 Td (120 ) Tj ET Q q 0 0 0 rg BT 242.35 621.35 Td (days ) Tj ET Q q 0 0 0 rg BT 263.18 621.35 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.99 621.35 Td (September30, ) Tj ET Q q 0 0 0 rg BT 344.26 621.35 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.26 621.35 Td ( ) Tj ET Q q 0 0 0 rg BT 366.76 621.35 Td (\(the ) Tj ET Q q 0 0 0 rg BT 384.80 621.35 Td (2017 ) Tj ET Q q 0 0 0 rg BT 411.74 621.35 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 438.13 621.35 Td (Statement\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 600.35 Td (Executive ) Tj ET Q q 0 0 0 rg BT 125.16 600.35 Td (Officers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 581.35 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 581.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 166.17 581.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 205.88 581.35 Td (Executive ) Tj ET Q q 0 0 0 rg BT 247.26 581.35 Td (Of) Tj ET Q q 0 0 0 rg BT 257.63 581.35 Td (ficers ) Tj ET Q q 0 0 0 rg BT 281.24 581.35 Td (of ) Tj ET Q q 0 0 0 rg BT 290.97 581.35 Td (the ) Tj ET Q q 0 0 0 rg BT 304.59 581.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 344.88 581.35 Td (is ) Tj ET Q q 0 0 0 rg BT 352.95 581.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 404.89 581.35 Td (by ) Tj ET Q q 0 0 0 rg BT 416.29 581.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 454.87 581.35 Td (from ) Tj ET Q q 0 0 0 rg BT 475.71 581.35 Td (the ) Tj ET Q q 0 0 0 rg BT 489.33 581.35 Td (discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 569.35 Td (under ) Tj ET Q q 0 0 0 rg BT 106.27 569.35 Td (the ) Tj ET Q q 0 0 0 rg BT 120.99 569.35 Td (heading ) Tj ET Q q 0 0 0 rg BT 155.14 569.35 Td (Executive ) Tj ET Q q 0 0 0 rg BT 202.06 569.35 Td (Of) Tj ET Q q 0 0 0 rg BT 212.43 569.35 Td (ficers ) Tj ET Q q 0 0 0 rg BT 241.58 569.35 Td (in ) Tj ET Q q 0 0 0 rg BT 251.85 569.35 Td (the ) Tj ET Q q 0 0 0 rg BT 266.57 569.35 Td (Company) Tj ET Q q 0 0 0 rg BT 308.24 569.35 Td (s ) Tj ET Q q 0 0 0 rg BT 314.63 569.35 Td (2017 ) Tj ET Q q 0 0 0 rg BT 337.13 569.35 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 363.52 569.35 Td (Statement. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 548.35 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 134.61 548.35 Td (with ) Tj ET Q q 0 0 0 rg BT 156.00 548.35 Td (Section ) Tj ET Q q 0 0 0 rg BT 189.61 548.35 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 213.77 548.35 Td (of ) Tj ET Q q 0 0 0 rg BT 224.60 548.35 Td (the ) Tj ET Q q 0 0 0 rg BT 240.43 548.35 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 284.05 548.35 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 529.35 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 529.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 166.31 529.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 206.18 529.35 Td (compliance ) Tj ET Q q 0 0 0 rg BT 253.82 529.35 Td (with ) Tj ET Q q 0 0 0 rg BT 273.15 529.35 Td (Section ) Tj ET Q q 0 0 0 rg BT 304.69 529.35 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 327.34 529.35 Td (of ) Tj ET Q q 0 0 0 rg BT 337.22 529.35 Td (the ) Tj ET Q q 0 0 0 rg BT 350.99 529.35 Td (Securities ) Tj ET Q q 0 0 0 rg BT 391.97 529.35 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 432.60 529.35 Td (Act ) Tj ET Q q 0 0 0 rg BT 448.59 529.35 Td (of ) Tj ET Q q 0 0 0 rg BT 458.47 529.35 Td (1934, ) Tj ET Q q 0 0 0 rg BT 482.52 529.35 Td (as ) Tj ET Q q 0 0 0 rg BT 492.40 529.35 Td (amended, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 517.35 Td (is ) Tj ET Q q 0 0 0 rg BT 89.47 517.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 141.80 517.35 Td (by ) Tj ET Q q 0 0 0 rg BT 153.59 517.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 192.57 517.35 Td (from ) Tj ET Q q 0 0 0 rg BT 213.81 517.35 Td (the ) Tj ET Q q 0 0 0 rg BT 227.82 517.35 Td (discussion ) Tj ET Q q 0 0 0 rg BT 271.29 517.35 Td (under ) Tj ET Q q 0 0 0 rg BT 295.85 517.35 Td (the ) Tj ET Q q 0 0 0 rg BT 309.87 517.35 Td (heading ) Tj ET Q q 0 0 0 rg BT 343.32 517.35 Td (Section ) Tj ET Q q 0 0 0 rg BT 379.55 517.35 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 402.45 517.35 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 445.33 517.35 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 491.01 517.35 Td (Reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 505.35 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 136.26 505.35 Td (in ) Tj ET Q q 0 0 0 rg BT 146.54 505.35 Td (the ) Tj ET Q q 0 0 0 rg BT 161.25 505.35 Td (Company) Tj ET Q q 0 0 0 rg BT 202.92 505.35 Td (s ) Tj ET Q q 0 0 0 rg BT 209.31 505.35 Td (2017 ) Tj ET Q q 0 0 0 rg BT 231.81 505.35 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 258.20 505.35 Td (Statement. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 484.35 Td (Code ) Tj ET Q q 0 0 0 rg BT 105.72 484.35 Td (of ) Tj ET Q q 0 0 0 rg BT 116.55 484.35 Td (Ethics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 465.35 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 465.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 167.00 465.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 207.56 465.35 Td (the ) Tj ET Q q 0 0 0 rg BT 222.02 465.35 Td (Company) Tj ET Q q 0 0 0 rg BT 263.68 465.35 Td (s ) Tj ET Q q 0 0 0 rg BT 269.81 465.35 Td (Code ) Tj ET Q q 0 0 0 rg BT 293.16 465.35 Td (of ) Tj ET Q q 0 0 0 rg BT 303.73 465.35 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 339.86 465.35 Td (and ) Tj ET Q q 0 0 0 rg BT 356.54 465.35 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 383.77 465.35 Td (is ) Tj ET Q q 0 0 0 rg BT 392.68 465.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 445.46 465.35 Td (by ) Tj ET Q q 0 0 0 rg BT 457.70 465.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 497.12 465.35 Td (from ) Tj ET Q q 0 0 0 rg BT 518.80 465.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 453.35 Td (discussion ) Tj ET Q q 0 0 0 rg BT 125.57 453.35 Td (under ) Tj ET Q q 0 0 0 rg BT 151.25 453.35 Td (the ) Tj ET Q q 0 0 0 rg BT 166.37 453.35 Td (heading ) Tj ET Q q 0 0 0 rg BT 200.93 453.35 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 248.26 453.35 Td (Governance ) Tj ET Q q 0 0 0 rg BT 299.47 453.35 Td (Guidelines ) Tj ET Q q 0 0 0 rg BT 345.70 453.35 Td (and ) Tj ET Q q 0 0 0 rg BT 363.04 453.35 Td (Code ) Tj ET Q q 0 0 0 rg BT 387.05 453.35 Td (of ) Tj ET Q q 0 0 0 rg BT 398.29 453.35 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 426.18 453.35 Td (and ) Tj ET Q q 0 0 0 rg BT 443.53 453.35 Td (Business ) Tj ET Q q 0 0 0 rg BT 481.99 453.35 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 523.22 453.35 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 441.35 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 441.35 Td (Company) Tj ET Q q 0 0 0 rg BT 137.38 441.35 Td (s ) Tj ET Q q 0 0 0 rg BT 143.77 441.35 Td (2017 ) Tj ET Q q 0 0 0 rg BT 166.27 441.35 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 192.67 441.35 Td (Statement. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 420.35 Td (Dir) Tj ET Q q 0 0 0 rg BT 95.26 420.35 Td (ector) Tj ET Q q 0 0 0 rg BT 116.72 420.35 Td ( ) Tj ET Q q 0 0 0 rg BT 119.22 420.35 Td (Nominations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 401.35 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 401.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 167.18 401.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 207.92 401.35 Td (material ) Tj ET Q q 0 0 0 rg BT 243.09 401.35 Td (changes, ) Tj ET Q q 0 0 0 rg BT 280.22 401.35 Td (if ) Tj ET Q q 0 0 0 rg BT 288.75 401.35 Td (any) Tj ET Q q 0 0 0 rg BT 302.53 401.35 Td (, ) Tj ET Q q 0 0 0 rg BT 307.45 401.35 Td (to ) Tj ET Q q 0 0 0 rg BT 317.65 401.35 Td (the ) Tj ET Q q 0 0 0 rg BT 332.29 401.35 Td (procedures ) Tj ET Q q 0 0 0 rg BT 378.57 401.35 Td (by ) Tj ET Q q 0 0 0 rg BT 390.99 401.35 Td (which ) Tj ET Q q 0 0 0 rg BT 417.85 401.35 Td (the ) Tj ET Q q 0 0 0 rg BT 432.48 401.35 Td (Company) Tj ET Q q 0 0 0 rg BT 474.15 401.35 Td (s ) Tj ET Q q 0 0 0 rg BT 480.46 401.35 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 389.35 Td (may ) Tj ET Q q 0 0 0 rg BT 100.48 389.35 Td (recommend ) Tj ET Q q 0 0 0 rg BT 149.96 389.35 Td (nominees ) Tj ET Q q 0 0 0 rg BT 190.55 389.35 Td (to ) Tj ET Q q 0 0 0 rg BT 200.59 389.35 Td (the ) Tj ET Q q 0 0 0 rg BT 215.08 389.35 Td (Company) Tj ET Q q 0 0 0 rg BT 256.74 389.35 Td (s ) Tj ET Q q 0 0 0 rg BT 262.90 389.35 Td (Board ) Tj ET Q q 0 0 0 rg BT 289.61 389.35 Td (of ) Tj ET Q q 0 0 0 rg BT 300.21 389.35 Td (Directors ) Tj ET Q q 0 0 0 rg BT 339.68 389.35 Td (is ) Tj ET Q q 0 0 0 rg BT 348.62 389.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 401.42 389.35 Td (by ) Tj ET Q q 0 0 0 rg BT 413.69 389.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 453.14 389.35 Td (from ) Tj ET Q q 0 0 0 rg BT 474.85 389.35 Td (the ) Tj ET Q q 0 0 0 rg BT 489.33 389.35 Td (discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 377.35 Td (under ) Tj ET Q q 0 0 0 rg BT 106.27 377.35 Td (the ) Tj ET Q q 0 0 0 rg BT 120.99 377.35 Td (heading ) Tj ET Q q 0 0 0 rg BT 155.14 377.35 Td (Proposal ) Tj ET Q q 0 0 0 rg BT 197.08 377.35 Td (1 ) Tj ET Q q 0 0 0 rg BT 204.58 377.35 Td (- ) Tj ET Q q 0 0 0 rg BT 210.41 377.35 Td (Election ) Tj ET Q q 0 0 0 rg BT 246.23 377.35 Td (of ) Tj ET Q q 0 0 0 rg BT 257.06 377.35 Td (Directors ) Tj ET Q q 0 0 0 rg BT 301.21 377.35 Td (in ) Tj ET Q q 0 0 0 rg BT 311.48 377.35 Td (the ) Tj ET Q q 0 0 0 rg BT 326.20 377.35 Td (Company) Tj ET Q q 0 0 0 rg BT 367.87 377.35 Td (s ) Tj ET Q q 0 0 0 rg BT 374.26 377.35 Td (2017 ) Tj ET Q q 0 0 0 rg BT 396.76 377.35 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 423.15 377.35 Td (Statement. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 356.35 Td (Audit ) Tj ET Q q 0 0 0 rg BT 107.95 356.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 157.65 356.35 Td (and ) Tj ET Q q 0 0 0 rg BT 175.72 356.35 Td (Audit ) Tj ET Q q 0 0 0 rg BT 202.67 356.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 252.37 356.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 294.88 356.35 Td (Expert) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 337.35 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 337.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 169.57 337.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 212.69 337.35 Td (the ) Tj ET Q q 0 0 0 rg BT 229.71 337.35 Td (Company) Tj ET Q q 0 0 0 rg BT 271.38 337.35 Td (s ) Tj ET Q q 0 0 0 rg BT 279.01 337.35 Td (Audit ) Tj ET Q q 0 0 0 rg BT 306.60 337.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 355.84 337.35 Td (and ) Tj ET Q q 0 0 0 rg BT 374.02 337.35 Td (Audit ) Tj ET Q q 0 0 0 rg BT 401.61 337.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 450.85 337.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 492.87 337.35 Td (Expert ) Tj ET Q q 0 0 0 rg BT 524.33 337.35 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 325.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 133.86 325.35 Td (by ) Tj ET Q q 0 0 0 rg BT 146.19 325.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 185.70 325.35 Td (from ) Tj ET Q q 0 0 0 rg BT 207.47 325.35 Td (the ) Tj ET Q q 0 0 0 rg BT 222.01 325.35 Td (discussion ) Tj ET Q q 0 0 0 rg BT 266.01 325.35 Td (under ) Tj ET Q q 0 0 0 rg BT 291.11 325.35 Td (the ) Tj ET Q q 0 0 0 rg BT 305.65 325.35 Td (headings ) Tj ET Q q 0 0 0 rg BT 343.53 325.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 397.54 325.35 Td (About ) Tj ET Q q 0 0 0 rg BT 424.87 325.35 Td (Committees ) Tj ET Q q 0 0 0 rg BT 475.53 325.35 Td (of ) Tj ET Q q 0 0 0 rg BT 486.19 325.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 504.07 325.35 Td (Board, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 313.35 Td (Audit ) Tj ET Q q 0 0 0 rg BT 106.28 313.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 157.66 313.35 Td (and ) Tj ET Q q 0 0 0 rg BT 174.59 313.35 Td (Audit ) Tj ET Q q 0 0 0 rg BT 204.31 313.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 251.25 313.35 Td (Report ) Tj ET Q q 0 0 0 rg BT 285.40 313.35 Td (in ) Tj ET Q q 0 0 0 rg BT 295.68 313.35 Td (the ) Tj ET Q q 0 0 0 rg BT 310.40 313.35 Td (Company) Tj ET Q q 0 0 0 rg BT 352.06 313.35 Td (s ) Tj ET Q q 0 0 0 rg BT 358.46 313.35 Td (2017 ) Tj ET Q q 0 0 0 rg BT 380.96 313.35 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 407.35 313.35 Td (Statement. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 282.35 Td (Item 1) Tj ET Q q 0 0 0 rg BT 107.94 282.35 Td (1. Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 263.35 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 263.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 168.03 263.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 209.61 263.35 Td (executive ) Tj ET Q q 0 0 0 rg BT 251.18 263.35 Td (compensation ) Tj ET Q q 0 0 0 rg BT 309.98 263.35 Td (and ) Tj ET Q q 0 0 0 rg BT 327.69 263.35 Td (other ) Tj ET Q q 0 0 0 rg BT 351.50 263.35 Td (related ) Tj ET Q q 0 0 0 rg BT 381.96 263.35 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 429.66 263.35 Td (required ) Tj ET Q q 0 0 0 rg BT 466.24 263.35 Td (by ) Tj ET Q q 0 0 0 rg BT 479.50 263.35 Td (this ) Tj ET Q q 0 0 0 rg BT 497.22 263.35 Td (Item ) Tj ET Q q 0 0 0 rg BT 518.80 263.35 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 251.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 135.43 251.35 Td (by ) Tj ET Q q 0 0 0 rg BT 149.33 251.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 190.42 251.35 Td (from ) Tj ET Q q 0 0 0 rg BT 213.76 251.35 Td (the ) Tj ET Q q 0 0 0 rg BT 229.87 251.35 Td (discussion ) Tj ET Q q 0 0 0 rg BT 275.45 251.35 Td (under ) Tj ET Q q 0 0 0 rg BT 302.11 251.35 Td (the ) Tj ET Q q 0 0 0 rg BT 318.23 251.35 Td (headings ) Tj ET Q q 0 0 0 rg BT 357.68 251.35 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 423.79 251.35 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 471.59 251.35 Td (and ) Tj ET Q q 0 0 0 rg BT 489.06 251.35 Td (Analysis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 239.35 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 148.89 239.35 Td (and ) Tj ET Q q 0 0 0 rg BT 169.00 239.35 Td (Benefits, ) Tj ET Q q 0 0 0 rg BT 214.94 239.35 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 282.82 239.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 332.94 239.35 Td (Report, ) Tj ET Q q 0 0 0 rg BT 372.77 239.35 Td (Executive ) Tj ET Q q 0 0 0 rg BT 422.86 239.35 Td (Compensation, ) Tj ET Q q 0 0 0 rg BT 493.25 239.35 Td (Director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 227.35 Td (Compensation, ) Tj ET Q q 0 0 0 rg BT 147.13 227.35 Td (and ) Tj ET Q q 0 0 0 rg BT 162.99 227.35 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 226.62 227.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 272.48 227.35 Td (Interlocks ) Tj ET Q q 0 0 0 rg BT 313.89 227.35 Td (and ) Tj ET Q q 0 0 0 rg BT 329.74 227.35 Td (Insider ) Tj ET Q q 0 0 0 rg BT 358.93 227.35 Td (Participation ) Tj ET Q q 0 0 0 rg BT 415.89 227.35 Td (in ) Tj ET Q q 0 0 0 rg BT 425.09 227.35 Td (the ) Tj ET Q q 0 0 0 rg BT 438.72 227.35 Td (Company) Tj ET Q q 0 0 0 rg BT 480.39 227.35 Td (s ) Tj ET Q q 0 0 0 rg BT 485.70 227.35 Td (2017 ) Tj ET Q q 0 0 0 rg BT 507.12 227.35 Td (Proxy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 215.35 Td (Statement. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 191.35 Td (Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder) Tj ET Q q 0 0 0 rg BT 518.01 191.35 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.50 179.35 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 160.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 154.07 160.35 Td (on ) Tj ET Q q 0 0 0 rg BT 166.88 160.35 Td (the ) Tj ET Q q 0 0 0 rg BT 181.91 160.35 Td (securities ) Tj ET Q q 0 0 0 rg BT 222.48 160.35 Td (authorized ) Tj ET Q q 0 0 0 rg BT 267.50 160.35 Td (for ) Tj ET Q q 0 0 0 rg BT 281.97 160.35 Td (issuance ) Tj ET Q q 0 0 0 rg BT 318.65 160.35 Td (under ) Tj ET Q q 0 0 0 rg BT 344.23 160.35 Td (the ) Tj ET Q q 0 0 0 rg BT 359.26 160.35 Td (Company) Tj ET Q q 0 0 0 rg BT 400.92 160.35 Td (s ) Tj ET Q q 0 0 0 rg BT 407.63 160.35 Td (compensation ) Tj ET Q q 0 0 0 rg BT 465.98 160.35 Td (plans ) Tj ET Q q 0 0 0 rg BT 489.90 160.35 Td (\(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 148.35 Td (any ) Tj ET Q q 0 0 0 rg BT 98.36 148.35 Td (individual ) Tj ET Q q 0 0 0 rg BT 141.83 148.35 Td (compensation ) Tj ET Q q 0 0 0 rg BT 200.28 148.35 Td (arrangements\) ) Tj ET Q q 0 0 0 rg BT 260.39 148.35 Td (is ) Tj ET Q q 0 0 0 rg BT 269.98 148.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 323.43 148.35 Td (by ) Tj ET Q q 0 0 0 rg BT 336.35 148.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 376.45 148.35 Td (from ) Tj ET Q q 0 0 0 rg BT 398.81 148.35 Td (the ) Tj ET Q q 0 0 0 rg BT 413.94 148.35 Td (discussion ) Tj ET Q q 0 0 0 rg BT 458.53 148.35 Td (under ) Tj ET Q q 0 0 0 rg BT 484.21 148.35 Td (the ) Tj ET Q q 0 0 0 rg BT 499.35 148.35 Td (heading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 136.35 Td (Securities ) Tj ET Q q 0 0 0 rg BT 126.55 136.35 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 173.70 136.35 Td (for ) Tj ET Q q 0 0 0 rg BT 187.52 136.35 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 224.10 136.35 Td (Under ) Tj ET Q q 0 0 0 rg BT 251.25 136.35 Td (Equity ) Tj ET Q q 0 0 0 rg BT 280.07 136.35 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 340.01 136.35 Td (Plans ) Tj ET Q q 0 0 0 rg BT 368.27 136.35 Td (in ) Tj ET Q q 0 0 0 rg BT 378.21 136.35 Td (the ) Tj ET Q q 0 0 0 rg BT 392.58 136.35 Td (Company) Tj ET Q q 0 0 0 rg BT 434.25 136.35 Td (s ) Tj ET Q q 0 0 0 rg BT 440.30 136.35 Td (2017 ) Tj ET Q q 0 0 0 rg BT 462.46 136.35 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 488.51 136.35 Td (Statement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 117.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 153.38 117.35 Td (concerning ) Tj ET Q q 0 0 0 rg BT 199.93 117.35 Td (security ) Tj ET Q q 0 0 0 rg BT 233.70 117.35 Td (ownership ) Tj ET Q q 0 0 0 rg BT 277.49 117.35 Td (of ) Tj ET Q q 0 0 0 rg BT 287.94 117.35 Td (certain ) Tj ET Q q 0 0 0 rg BT 317.26 117.35 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 358.80 117.35 Td (owners ) Tj ET Q q 0 0 0 rg BT 389.80 117.35 Td (and ) Tj ET Q q 0 0 0 rg BT 406.36 117.35 Td (management ) Tj ET Q q 0 0 0 rg BT 459.57 117.35 Td (is ) Tj ET Q q 0 0 0 rg BT 468.36 117.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 521.01 117.35 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 105.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 123.32 105.35 Td (from ) Tj ET Q q 0 0 0 rg BT 147.90 105.35 Td (the ) Tj ET Q q 0 0 0 rg BT 165.26 105.35 Td (discussion ) Tj ET Q q 0 0 0 rg BT 212.06 105.35 Td (under ) Tj ET Q q 0 0 0 rg BT 239.97 105.35 Td (the ) Tj ET Q q 0 0 0 rg BT 257.33 105.35 Td (heading ) Tj ET Q q 0 0 0 rg BT 294.12 105.35 Td (Security ) Tj ET Q q 0 0 0 rg BT 337.03 105.35 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 386.05 105.35 Td (of ) Tj ET Q q 0 0 0 rg BT 399.52 105.35 Td (Certain ) Tj ET Q q 0 0 0 rg BT 434.09 105.35 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 480.32 105.35 Td (Owners ) Tj ET Q q 0 0 0 rg BT 516.56 105.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 93.35 Td (Management ) Tj ET Q q 0 0 0 rg BT 140.14 93.35 Td (in ) Tj ET Q q 0 0 0 rg BT 150.42 93.35 Td (the ) Tj ET Q q 0 0 0 rg BT 165.14 93.35 Td (Company) Tj ET Q q 0 0 0 rg BT 206.80 93.35 Td (s ) Tj ET Q q 0 0 0 rg BT 213.19 93.35 Td (2017 ) Tj ET Q q 0 0 0 rg BT 235.69 93.35 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 262.08 93.35 Td (Statement. ) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Item 13. Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 270.26 735.75 Td (T) Tj ET Q q 0 0 0 rg BT 276.19 735.75 Td (ransactions, and Dir) Tj ET Q q 0 0 0 rg BT 362.96 735.75 Td (ector) Tj ET Q q 0 0 0 rg BT 384.43 735.75 Td ( Independence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 716.75 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 716.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 167.04 716.75 Td (concerning ) Tj ET Q q 0 0 0 rg BT 213.74 716.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 263.78 716.75 Td (with ) Tj ET Q q 0 0 0 rg BT 283.83 716.75 Td (related ) Tj ET Q q 0 0 0 rg BT 313.31 716.75 Td (persons ) Tj ET Q q 0 0 0 rg BT 346.14 716.75 Td (and ) Tj ET Q q 0 0 0 rg BT 362.85 716.75 Td (the ) Tj ET Q q 0 0 0 rg BT 377.34 716.75 Td (review) Tj ET Q q 0 0 0 rg BT 403.90 716.75 Td (, ) Tj ET Q q 0 0 0 rg BT 408.67 716.75 Td (approval ) Tj ET Q q 0 0 0 rg BT 445.94 716.75 Td (or ) Tj ET Q q 0 0 0 rg BT 456.54 716.75 Td (ratification ) Tj ET Q q 0 0 0 rg BT 502.68 716.75 Td (thereof ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 704.75 Td (is ) Tj ET Q q 0 0 0 rg BT 91.33 704.75 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 145.52 704.75 Td (by ) Tj ET Q q 0 0 0 rg BT 159.19 704.75 Td (reference ) Tj ET Q q 0 0 0 rg BT 200.03 704.75 Td (from ) Tj ET Q q 0 0 0 rg BT 223.13 704.75 Td (the ) Tj ET Q q 0 0 0 rg BT 239.01 704.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 284.34 704.75 Td (under ) Tj ET Q q 0 0 0 rg BT 310.77 704.75 Td (the ) Tj ET Q q 0 0 0 rg BT 326.65 704.75 Td (heading ) Tj ET Q q 0 0 0 rg BT 361.96 704.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 399.50 704.75 Td (Relationships ) Tj ET Q q 0 0 0 rg BT 457.60 704.75 Td (and ) Tj ET Q q 0 0 0 rg BT 475.70 704.75 Td (Related ) Tj ET Q q 0 0 0 rg BT 509.90 704.75 Td (Party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 692.75 Td (T) Tj ET Q q 0 0 0 rg BT 86.76 692.75 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 138.68 692.75 Td (in ) Tj ET Q q 0 0 0 rg BT 148.96 692.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.68 692.75 Td (Company) Tj ET Q q 0 0 0 rg BT 205.34 692.75 Td (s ) Tj ET Q q 0 0 0 rg BT 211.73 692.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 234.23 692.75 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 260.62 692.75 Td (Statement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 673.75 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 673.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 166.69 673.75 Td (concerning ) Tj ET Q q 0 0 0 rg BT 213.03 673.75 Td (director ) Tj ET Q q 0 0 0 rg BT 246.05 673.75 Td (independence ) Tj ET Q q 0 0 0 rg BT 302.94 673.75 Td (is ) Tj ET Q q 0 0 0 rg BT 311.53 673.75 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 363.98 673.75 Td (by ) Tj ET Q q 0 0 0 rg BT 375.90 673.75 Td (reference ) Tj ET Q q 0 0 0 rg BT 415.01 673.75 Td (from ) Tj ET Q q 0 0 0 rg BT 436.37 673.75 Td (the ) Tj ET Q q 0 0 0 rg BT 450.51 673.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 494.10 673.75 Td (under ) Tj ET Q q 0 0 0 rg BT 518.79 673.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 661.75 Td (heading ) Tj ET Q q 0 0 0 rg BT 115.16 661.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 159.30 661.75 Td (Independence ) Tj ET Q q 0 0 0 rg BT 221.76 661.75 Td (in ) Tj ET Q q 0 0 0 rg BT 232.04 661.75 Td (the ) Tj ET Q q 0 0 0 rg BT 246.76 661.75 Td (Company) Tj ET Q q 0 0 0 rg BT 288.42 661.75 Td (s ) Tj ET Q q 0 0 0 rg BT 294.81 661.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 317.31 661.75 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 343.71 661.75 Td (Statement. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 637.75 Td (Item 14. Principal ) Tj ET Q q 0 0 0 rg BT 162.38 637.75 Td (Accounting Fees and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 618.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 155.19 618.75 Td (concerning ) Tj ET Q q 0 0 0 rg BT 203.54 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 219.68 618.75 Td (fees ) Tj ET Q q 0 0 0 rg BT 239.70 618.75 Td (for ) Tj ET Q q 0 0 0 rg BT 255.28 618.75 Td (professional ) Tj ET Q q 0 0 0 rg BT 308.08 618.75 Td (services ) Tj ET Q q 0 0 0 rg BT 344.21 618.75 Td (rendered ) Tj ET Q q 0 0 0 rg BT 383.11 618.75 Td (by ) Tj ET Q q 0 0 0 rg BT 397.04 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 413.18 618.75 Td (Company) Tj ET Q q 0 0 0 rg BT 454.84 618.75 Td (s ) Tj ET Q q 0 0 0 rg BT 462.66 618.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 506.01 618.75 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 606.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 127.14 606.75 Td (firm ) Tj ET Q q 0 0 0 rg BT 146.63 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 163.33 606.75 Td (the ) Tj ET Q q 0 0 0 rg BT 177.82 606.75 Td (pre-approval ) Tj ET Q q 0 0 0 rg BT 231.17 606.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 264.54 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 281.25 606.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 327.38 606.75 Td (of ) Tj ET Q q 0 0 0 rg BT 337.98 606.75 Td (the ) Tj ET Q q 0 0 0 rg BT 352.46 606.75 Td (Company) Tj ET Q q 0 0 0 rg BT 394.13 606.75 Td (s ) Tj ET Q q 0 0 0 rg BT 399.79 606.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 424.84 606.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 471.54 606.75 Td (is ) Tj ET Q q 0 0 0 rg BT 480.48 606.75 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 594.75 Td (by ) Tj ET Q q 0 0 0 rg BT 93.68 594.75 Td (reference ) Tj ET Q q 0 0 0 rg BT 133.54 594.75 Td (from ) Tj ET Q q 0 0 0 rg BT 155.66 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 170.55 594.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 214.90 594.75 Td (under ) Tj ET Q q 0 0 0 rg BT 240.35 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 255.24 594.75 Td (heading ) Tj ET Q q 0 0 0 rg BT 289.57 594.75 Td (Principal ) Tj ET Q q 0 0 0 rg BT 332.20 594.75 Td (Accountant ) Tj ET Q q 0 0 0 rg BT 380.98 594.75 Td (Fees ) Tj ET Q q 0 0 0 rg BT 401.98 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 419.10 594.75 Td (Services ) Tj ET Q q 0 0 0 rg BT 460.09 594.75 Td (in ) Tj ET Q q 0 0 0 rg BT 470.55 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 485.45 594.75 Td (Company) Tj ET Q q 0 0 0 rg BT 527.11 594.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 582.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 103.50 582.75 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 129.89 582.75 Td (Statement. ) Tj ET Q endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.30 744.75 Td (P) Tj ET Q q 0 0 0 rg BT 291.67 744.75 Td (AR) Tj ET Q q 0 0 0 rg BT 305.76 744.75 Td (T) Tj ET Q q 0 0 0 rg BT 312.25 744.75 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 81.00 718.35 Td (Item 15.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 115.99 718.35 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 718.35 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 119.50 718.35 Td (Exhibits, Financial Statements and Schedules) Tj ET Q BT /F3 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 81.00 697.35 Td (List of Documents Filed) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 81.00 678.35 Td (1\) Financial Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 81.00 659.35 Td ( ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 117.00 659.35 Td (See Index to Consolidated Financial Statements on Page F-1 following this Part IV) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 447.89 659.35 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 81.00 640.35 Td (2\) Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 117.00 621.35 Td (Schedule I - Summary of Investments - Other than Investments in Related Parties) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 117.00 602.35 Td (Schedule II - Condensed Financial Information of Parent Only) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 117.00 583.35 Td (Schedule III - Supplementary Insurance Information) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 117.00 564.35 Td (Schedule IV) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 166.53 564.35 Td ( - Reinsurance) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 81.00 545.35 Td (All other schedules have been omitted since they are either not applicable or the information is contained within ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 81.00 533.35 Td (the accompanying consolidated financial statements.) Tj ET Q endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (List ) Tj ET Q q 0 0 0 rg BT 100.17 735.75 Td (of ) Tj ET Q q 0 0 0 rg BT 111.00 735.75 Td (Exhibits ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.07 735.75 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 81.00 714.75 Td (The following is a list of exhibits filed or incorporated by reference as a part of this ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 416.18 714.75 Td (Annual Report on Form 10-) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 81.00 702.75 Td (K.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 671.25 m 134.5 671.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 671.25 m 531.5 671.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 667.25 m 134.5 667.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 667.25 m 531.5 667.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 633.25 m 134.5 633.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 633.25 m 531.5 633.25 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 94.80 684.33 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 101.60 674.73 Td (No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.15 675.48 Td (Description of Exhibits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 657.82 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 657.82 Td (Agreement and Plan of Merger, dated as of November 8, 2015, by and among Anbang Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 647.82 Td (Group Co., Ltd., AB Infinity Holding, Inc., AB Merger Sub, Inc., and Fidelity & Guaranty Life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 637.82 Td (\(incorporated by reference to our Form 8-K, filed on November 9, 2015 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 623.82 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 623.82 Td (Amended and Restated Certificate of Incorporation of Fidelity & Guaranty Life \(incorporated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 613.82 Td (by reference to our Registration Statement on Form S-8, filed on December 13, 2013 \(File No.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 603.82 Td (333-192849\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 589.82 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 588.92 Td (Second Amended and Restated Bylaws of Fidelity & Guaranty Life \(incorporated by reference) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 578.92 Td (to our Current Report on Form 8-K, filed on October 7, 2014 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 564.82 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 564.82 Td (Reference is made to Exhibits 3.1 and 3.2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 550.82 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 550.82 Td (Form of Common Stock Certificate \(incorporated by reference to our Registration Statement on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 540.82 Td (Form S-1/A, filed on December 3, 2013 \(File No. 333-192849\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 526.82 Td (4.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 526.82 Td (Indenture, dated March 27, 2013, among Fidelity & Guaranty Life Holdings, Inc., as issuer, the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 516.82 Td (Subsidiary Guarantors from time to time parties thereto and Wells Fargo Bank, National) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 506.82 Td (Association, as trustee, relating to the 6.375% Senior Notes due 2021 \(incorporated by reference) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 496.82 Td (to our Registration Statement on Form S-1/A, filed on October 17, 2013 \(File No.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 486.82 Td (333-192849\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 472.82 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 471.92 Td (First Supplemental Indenture, dated March 27, 2013, among Fidelity & Guaranty Life Holdings,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 461.92 Td (Inc., as issuer, the Subsidiary Guarantors from named therein and Wells Fargo Bank, National) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 451.92 Td (Association, relating to the 6.375% Senior Notes due 2021 \(incorporated by reference to our) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 441.92 Td (Registration Statement on Form S-1/A, filed on October 17, 2013 \(File No. 333-192849\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 427.82 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 426.92 Td (Registration Rights Agreement, dated December 18, 2013, between Fidelity & Guaranty Life,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 416.92 Td (and HRG Group, Inc. \(incorporated by reference to our Quarterly Report on Form 10-Q, filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 406.92 Td (on February 7, 2014 \(file No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 392.82 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 392.82 Td (Employment Agreement, dated January 27, 2014, between Dennis Vigneau and Fidelity &) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 382.82 Td (Guaranty Life Business Services, Inc. \(incorporated by reference to our Current Report on Form) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 372.82 Td (8-K, filed on January 28, 2014 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 358.82 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 358.82 Td (Consent to Change in Reporting Structure and Waiver of Good Reason, dated October 30, 2013,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 348.82 Td (between Leland C. Launer, Jr. and Fidelity & Guaranty Life Business Services, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 338.82 Td (\(incorporated by reference to our Registration Statement on Form S-1/A, filed on November 22,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 328.82 Td (2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 314.82 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 313.92 Td (Amended and Restated Employment Agreement, dated November 14, 2013, between Fidelity &) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 303.92 Td (Guaranty Life Business Services, Inc. and John P. OShaughnessy \(incorporated by reference to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 293.92 Td (our Registration Statement on Form S-1/A, filed on November 22, 2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 279.82 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 279.82 Td (Employment Agreement, dated November 14, 2013, between Fidelity & Guaranty Life Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 269.82 Td (Services, Inc. and John Phelps \(incorporated by reference to our Registration Statement on Form) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 259.82 Td (S-1/A, filed on November 22, 2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 245.82 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 244.92 Td (Amended and Restated Employment Agreement, dated November 14, 2013, between Fidelity &) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 234.92 Td (Guaranty Life Business Services, Inc. and Rajesh Krishnan \(incorporated by reference to our) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 224.92 Td (Registration Statement on Form S-1/A, filed on November 22, 2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 210.82 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 210.82 Td (Employment Agreement, dated November 14, 2013, between Fidelity & Guaranty Life Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 200.82 Td (Services, Inc. and Wendy J.B. Young \(incorporated by reference to our Registration Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 190.82 Td (on Form S-1/A, filed on November 22, 2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 176.82 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 176.82 Td (Form of Director Indemnification Agreement \(incorporated by reference to our Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 166.82 Td (Statement on Form S-1/A, filed on November 26, 2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 152.82 Td (10.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 152.82 Td (Fidelity & Guaranty Life Employee Incentive Plan \(incorporated by reference to our) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 142.82 Td (Registration Statement on Form S-1/A, filed on October 17, 2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 128.82 Td (10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 128.82 Td (Fidelity & Guaranty Life 2013 Stock Incentive Plan, as Amended \(incorporated by reference to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 118.82 Td (Annex A of our Proxy Statement on Schedule 14A, filed on December 30, 2014 \(File No.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 108.82 Td (001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 94.82 Td (10.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 94.82 Td (Form of Fidelity & Guaranty Life 2013 Non-Statutory Stock Option Agreement \(incorporated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 84.82 Td (by reference to our Registration Statement on Form S-1/A, filed on November 26, 2013 \(File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 74.82 Td (No. 333-190880\)\).) Tj ET Q endstream endobj 199 0 obj <>] /Rotate 0 /Contents 200 0 R>> endobj 200 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 38.10 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 732.57 Td (10.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 732.57 Td (Form of Fidelity & Guaranty Life 2013 Restricted Stock Agreement \(incorporated by reference) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 722.57 Td (to our Registration Statement on Form S-1/A, filed on November 26, 2013 \(File No.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 712.57 Td (333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 698.57 Td (10.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 698.57 Td (Form of Fidelity & Guaranty Life Performance RSU Grant Agreement \(incorporated by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 688.57 Td (reference to our Registration Statement on Form S-1/A, filed on November 26, 2013 \(File No.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 678.57 Td (333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 664.57 Td (10.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 664.57 Td (Form of Second Amended and Restated Fidelity & Guaranty Life Holdings, Inc. Stock Incentive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 654.57 Td (Plan \(incorporated by reference to our Registration Statement on Form S-1/A, filed on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 644.57 Td (December 3, 2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 630.57 Td (10.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 630.57 Td (Form of Amendment No. 1 to the Fidelity & Guaranty Life Holdings, Inc. 2012 Dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 620.57 Td (Equivalent Plan \(incorporated by reference to our Registration Statement on Form S-1/A, filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 610.57 Td (on December 3, 2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 596.57 Td (10.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 595.67 Td (Form of Amendment No. 1 to the Restricted Stock Agreement \(incorporated by reference to our) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 585.67 Td (Registration Statement on Form S-1/A, filed on December 3, 2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 571.57 Td (10.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 571.57 Td (Form of Amendment No. 2 to the Restricted Stock Agreement between Leland C. Launer, Jr.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 561.57 Td (and Fidelity & Guaranty Life Holdings, Inc. \(incorporated by reference to our Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 551.57 Td (Statement on Form S-1/A, filed on December 3, 2013 \(File No. 333-190880\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 537.57 Td (10.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 536.67 Td (Form of Fidelity & Guaranty Life 2013 Restricted Stock Agreement for Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 526.67 Td (Committee Members \(incorporated by reference to our Quarterly Report on Form 10-Q, filed on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 516.67 Td (February 7, 2014 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 502.57 Td (10.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 501.67 Td (Form of Fidelity & Guaranty Life 2013 Non-Statutory Stock Option Agreement for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 491.67 Td (Compensation Committee Members \(incorporated by reference to our Quarterly Report on Form) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 481.67 Td (10-Q, filed on February 7, 2014 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 467.57 Td (10.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 466.67 Td (Form of Fidelity & Guaranty Life 2013 Unrestricted Stock Agreement \(incorporated by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 456.67 Td (reference to our Quarterly Report on Form 10-Q, filed on February 7, 2014 \(File No.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 446.67 Td (001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 432.57 Td (10.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 431.67 Td (Form of Fidelity & Guaranty Life 2013 Unrestricted Stock Agreement for Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 421.67 Td (Committee Members \(incorporated by reference to our Quarterly Report on Form 10-Q, filed on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 411.67 Td (February 7, 2014 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 397.57 Td (10.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 396.67 Td (Credit Agreement between Fidelity & Guaranty Life Holdings, Inc. as borrower, the Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 386.67 Td (as guarantor, and RBC Capital Markets and Credit Suisse Securities \(USA\) LLC together as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 376.67 Td (joint lead arrangers for the lenders, dated as of August 26, 2014 \(incorporated by reference to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 366.67 Td (our Current Report on Form 8-K, filed on August 26, 2014 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 352.57 Td (10.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 351.67 Td (Revolving Loan Note, dated August 26, 2014 \(incorporated by reference to our Current Report) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 341.67 Td (on Form 8-K, filed on August 26, 2014 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 327.57 Td (10.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 326.67 Td (Guarantee Agreement, dated as of August 26, 2014, among Fidelity & Guaranty Life, other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 316.67 Td (Guarantors, and Royal Bank of Canada, as Administrative Agent \(incorporated by reference to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 306.67 Td (our Current Report on Form 8-K, filed on August 26, 2014 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 292.57 Td (10.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 291.67 Td (Employment Agreement, dated October 6, 2014, between Chris Littlefield and Fidelity &) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 281.67 Td (Guaranty Life Business Services, Inc. \(incorporated by reference to our Current Report on Form) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 271.67 Td (8-K, filed on October 7, 2014 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 257.57 Td (10.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 256.67 Td (Omnibus Amendment to Equity Award Agreements by and among Fidelity & Guaranty Life,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 246.67 Td (Fidelity & Guaranty Life Business Services, Inc. and Leland C. Launer Jr. dated as of March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 236.67 Td (2015 \(incorporated by reference to our Form 8-K, filed on April 2, 2015 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 222.57 Td (10.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 221.67 Td (Employment Agreement by and between Fidelity & Guaranty Life Business Services, Inc. and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 211.67 Td (Christopher J. Littlefield, dated as of May 6, 2015 \(incorporated by reference to our Form 8-K,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 201.67 Td (filed on May 8, 2015 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 187.57 Td (10.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 186.67 Td (Fidelity & Guaranty Life 2015 Severance Plan, effective as of June 16, 2015 \(incorporated by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 176.67 Td (reference to our Quarterly Report on Form 10-Q, filed on August 5, 2015 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 162.57 Td (10.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 161.67 Td (Form of Retention Letter from Fidelity & Guaranty Life to its executive officers, dated July 10,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 151.67 Td (2015 \(incorporated by reference to our Quarterly Report on Form 10-Q, filed on August 5, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 141.67 Td (\(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 127.57 Td (10.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 126.67 Td (Form of Indemnification Agreement by and between Fidelity & Guaranty Life and its directors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 116.67 Td (and executive officers, dated as of July 14, 2015 \(incorporated by reference to our Quarterly) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 106.67 Td (Report on Form 10-Q, filed on August 5, 2015 \(File No. 001-36227\)\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 92.57 Td (21*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 89.67 Td (Subsidiaries of the Company.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 75.57 Td (23*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 74.67 Td (Consent of Independent Registered Public Accounting Firm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 60.57 Td (24*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 59.67 Td (Power of Attorney \(set forth on the signature page\).) Tj ET Q endstream endobj 201 0 obj <>] /Rotate 0 /Contents 202 0 R>> endobj 202 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 38.10 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 731.57 Td (31.1 *) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 731.57 Td (Certification of Chief Executive Officer, pursuant to Exchange Act Rule 13a-14\(a\), as adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 721.57 Td (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 707.57 Td (31.2 *) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 707.57 Td (Certification of Chief Financial Officer, pursuant to Exchange Act Rule 13a-14\(a\), as adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 697.57 Td (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 683.57 Td (32.1 *) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 683.57 Td (Certification of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 673.57 Td (pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 659.57 Td (32.2 *) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 659.57 Td (Certification of Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 649.57 Td (pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 635.57 Td (101.INS *) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 635.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 167.48 635.57 Td ( ) Tj ET Q q 0 0 0 rg BT 169.80 635.57 Td (Instance ) Tj ET Q q 0 0 0 rg BT 205.61 635.57 Td (Document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 621.57 Td (101.SCH *) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 621.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 167.48 621.57 Td ( ) Tj ET Q q 0 0 0 rg BT 169.71 621.57 Td (T) Tj ET Q q 0 0 0 rg BT 175.38 621.57 Td (axonomy ) Tj ET Q q 0 0 0 rg BT 214.75 621.57 Td (Extension ) Tj ET Q q 0 0 0 rg BT 257.24 621.57 Td (Schema.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 607.57 Td (101.CAL *) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 607.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 167.48 607.57 Td ( ) Tj ET Q q 0 0 0 rg BT 169.71 607.57 Td (T) Tj ET Q q 0 0 0 rg BT 175.38 607.57 Td (axonomy ) Tj ET Q q 0 0 0 rg BT 214.75 607.57 Td (Extension ) Tj ET Q q 0 0 0 rg BT 257.24 607.57 Td (Calculation ) Tj ET Q q 0 0 0 rg BT 305.84 607.57 Td (Linkbase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 593.57 Td (101.DEF *) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 593.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 167.48 593.57 Td ( ) Tj ET Q q 0 0 0 rg BT 169.71 593.57 Td (T) Tj ET Q q 0 0 0 rg BT 175.38 593.57 Td (axonomy ) Tj ET Q q 0 0 0 rg BT 214.75 593.57 Td (Definition ) Tj ET Q q 0 0 0 rg BT 258.35 593.57 Td (Linkbase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 579.57 Td (101.LAB *) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 579.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 167.48 579.57 Td ( ) Tj ET Q q 0 0 0 rg BT 169.71 579.57 Td (T) Tj ET Q q 0 0 0 rg BT 175.38 579.57 Td (axonomy ) Tj ET Q q 0 0 0 rg BT 214.75 579.57 Td (Extension ) Tj ET Q q 0 0 0 rg BT 257.24 579.57 Td (Label ) Tj ET Q q 0 0 0 rg BT 282.50 579.57 Td (Linkbase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 565.57 Td (101.PRE *) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 565.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 167.30 565.57 Td ( ) Tj ET Q q 0 0 0 rg BT 169.62 565.57 Td (T) Tj ET Q q 0 0 0 rg BT 175.03 565.57 Td (axonomy ) Tj ET Q q 0 0 0 rg BT 214.75 565.57 Td (Extension ) Tj ET Q q 0 0 0 rg BT 257.24 565.57 Td (Presentation ) Tj ET Q q 0 0 0 rg BT 309.17 565.57 Td (Linkbase.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 540.50 Td (* ) Tj ET Q q 0 0 0 rg BT 105.00 540.50 Td (Filed ) Tj ET Q q 0 0 0 rg BT 128.06 540.50 Td (herewith ) Tj ET Q endstream endobj 203 0 obj <>] /Rotate 0 /Contents 204 0 R>> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (101) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.85 740.25 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 740.25 Td (TURES ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 86.72 721.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.72 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.16 721.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 165.59 721.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.14 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.58 721.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 232.24 721.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 273.40 721.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 290.06 721.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.61 721.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 325.33 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.77 721.25 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 383.10 721.25 Td (has ) Tj ET Q q 0 0 0 rg BT 398.65 721.25 Td (duly ) Tj ET Q q 0 0 0 rg BT 418.66 721.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 448.09 721.25 Td (this ) Tj ET Q q 0 0 0 rg BT 464.76 721.25 Td (report ) Tj ET Q q 0 0 0 rg BT 490.86 721.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.86 721.25 Td (be ) Tj ET Q q 0 0 0 rg BT 512.52 721.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 540.85 721.25 Td (on ) Tj ET Q q 0 0 0 rg BT 553.07 721.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 709.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 76.99 709.25 Td (by ) Tj ET Q q 0 0 0 rg BT 89.49 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.20 709.25 Td (undersigned, ) Tj ET Q q 0 0 0 rg BT 158.08 709.25 Td (thereunto ) Tj ET Q q 0 0 0 rg BT 198.34 709.25 Td (duly ) Tj ET Q q 0 0 0 rg BT 218.62 709.25 Td (authorized. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 654.75 m 562 654.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 689.48 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 326.47 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 328.97 689.48 Td (& ) Tj ET Q q 0 0 0 rg BT 339.80 689.48 Td (GUARANTY) Tj ET Q q 0 0 0 rg BT 397.21 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 399.71 689.48 Td (LIFE ) Tj ET Q q 0 0 0 rg BT 425.55 689.48 Td (\(Registrant\) ) Tj ET Q q 0 0 0 rg BT 479.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 482.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 484.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 487.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 489.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 492.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 494.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 497.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 499.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 502.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 504.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 507.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 509.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 512.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 514.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 517.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 519.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 522.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 524.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 527.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 529.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 532.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 534.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 537.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 539.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 542.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 544.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 547.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 549.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 552.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 554.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 557.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 559.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 562.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 564.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 567.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 569.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 572.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 574.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 577.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 579.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 582.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 584.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 587.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 589.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 592.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 594.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 597.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 599.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 602.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 604.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 607.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 609.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 612.20 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 614.70 689.48 Td ( ) Tj ET Q q 0 0 0 rg BT 617.20 689.48 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 659.42 Td (Date:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 659.42 Td (November 21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.05 659.42 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 659.42 Td (/s/ Dennis R. Vigneau) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 644.42 Td (Executive Vice President and Chief Financial Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 629.42 Td (\(onbehalfoftheRegistrantandasPrincipal ) Tj ET Q q 0 0 0 rg BT 480.34 629.42 Td (FinancialOf) Tj ET Q q 0 0 0 rg BT 530.42 629.42 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.65 601.25 Td (POWERS OF) Tj ET Q q 0 0 0 rg BT 307.01 601.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.95 601.25 Td (A) Tj ET Q q 0 0 0 rg BT 315.43 601.25 Td (TT) Tj ET Q q 0 0 0 rg BT 328.59 601.25 Td (ORNEY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 582.25 Td (KNOW) Tj ET Q q 0 0 0 rg BT 102.92 582.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.79 582.25 Td (ALL) Tj ET Q q 0 0 0 rg BT 123.86 582.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.26 582.25 Td (BY) Tj ET Q q 0 0 0 rg BT 139.78 582.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.01 582.25 Td (THESE ) Tj ET Q q 0 0 0 rg BT 175.52 582.25 Td (PRESENT) Tj ET Q q 0 0 0 rg BT 218.12 582.25 Td (, ) Tj ET Q q 0 0 0 rg BT 223.02 582.25 Td (that ) Tj ET Q q 0 0 0 rg BT 240.42 582.25 Td (each ) Tj ET Q q 0 0 0 rg BT 261.13 582.25 Td (person ) Tj ET Q q 0 0 0 rg BT 290.19 582.25 Td (whose ) Tj ET Q q 0 0 0 rg BT 318.15 582.25 Td (signature ) Tj ET Q q 0 0 0 rg BT 357.20 582.25 Td (appears ) Tj ET Q q 0 0 0 rg BT 390.14 582.25 Td (below ) Tj ET Q q 0 0 0 rg BT 416.98 582.25 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 462.16 582.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.00 582.25 Td (appoints ) Tj ET Q q 0 0 0 rg BT 515.29 582.25 Td (Christopher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.25 Td (J. ) Tj ET Q q 0 0 0 rg BT 58.21 570.25 Td (Littlefield ) Tj ET Q q 0 0 0 rg BT 100.50 570.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.26 570.25 Td (Dennis ) Tj ET Q q 0 0 0 rg BT 147.90 570.25 Td (R. ) Tj ET Q q 0 0 0 rg BT 159.22 570.25 Td (V) Tj ET Q q 0 0 0 rg BT 165.84 570.25 Td (igneau, ) Tj ET Q q 0 0 0 rg BT 197.31 570.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.06 570.25 Td (each ) Tj ET Q q 0 0 0 rg BT 234.69 570.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.33 570.25 Td (them, ) Tj ET Q q 0 0 0 rg BT 270.14 570.25 Td (acting ) Tj ET Q q 0 0 0 rg BT 296.89 570.25 Td (individually) Tj ET Q q 0 0 0 rg BT 344.57 570.25 Td (, ) Tj ET Q q 0 0 0 rg BT 349.38 570.25 Td (as ) Tj ET Q q 0 0 0 rg BT 360.02 570.25 Td (his ) Tj ET Q q 0 0 0 rg BT 374.01 570.25 Td (true ) Tj ET Q q 0 0 0 rg BT 391.87 570.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.62 570.25 Td (lawful ) Tj ET Q q 0 0 0 rg BT 436.48 570.25 Td (attorney-in-fact ) Tj ET Q q 0 0 0 rg BT 500.98 570.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.73 570.25 Td (agent, ) Tj ET Q q 0 0 0 rg BT 544.20 570.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.83 558.25 Td (full ) Tj ET Q q 0 0 0 rg BT 86.27 558.25 Td (power ) Tj ET Q q 0 0 0 rg BT 113.81 558.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.69 558.25 Td (substitution ) Tj ET Q q 0 0 0 rg BT 173.92 558.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.91 558.25 Td (resubstitution, ) Tj ET Q q 0 0 0 rg BT 250.40 558.25 Td (for ) Tj ET Q q 0 0 0 rg BT 264.61 558.25 Td (him ) Tj ET Q q 0 0 0 rg BT 282.72 558.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.71 558.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.04 558.25 Td (his ) Tj ET Q q 0 0 0 rg BT 324.26 558.25 Td (name, ) Tj ET Q q 0 0 0 rg BT 350.97 558.25 Td (place ) Tj ET Q q 0 0 0 rg BT 374.61 558.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.60 558.25 Td (stead, ) Tj ET Q q 0 0 0 rg BT 417.20 558.25 Td (in ) Tj ET Q q 0 0 0 rg BT 427.53 558.25 Td (any ) Tj ET Q q 0 0 0 rg BT 444.52 558.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.51 558.25 Td (all ) Tj ET Q q 0 0 0 rg BT 474.06 558.25 Td (capacities, ) Tj ET Q q 0 0 0 rg BT 518.53 558.25 Td (to ) Tj ET Q q 0 0 0 rg BT 528.86 558.25 Td (sign ) Tj ET Q q 0 0 0 rg BT 548.08 558.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 546.25 Td (all ) Tj ET Q q 0 0 0 rg BT 79.80 546.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 133.28 546.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.99 546.25 Td (this ) Tj ET Q q 0 0 0 rg BT 161.38 546.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 190.69 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.06 546.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.77 546.25 Td (file ) Tj ET Q q 0 0 0 rg BT 235.03 546.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.18 546.25 Td (same, ) Tj ET Q q 0 0 0 rg BT 276.17 546.25 Td (with ) Tj ET Q q 0 0 0 rg BT 296.88 546.25 Td (all ) Tj ET Q q 0 0 0 rg BT 309.81 546.25 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 344.41 546.25 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 377.61 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.98 546.25 Td (other ) Tj ET Q q 0 0 0 rg BT 418.46 546.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 464.72 546.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.43 546.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 522.24 546.25 Td (therewith, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.46 534.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.86 534.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 125.47 534.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.09 534.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 183.69 534.25 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 238.94 534.25 Td (granting ) Tj ET Q q 0 0 0 rg BT 274.44 534.25 Td (unto ) Tj ET Q q 0 0 0 rg BT 294.40 534.25 Td (said ) Tj ET Q q 0 0 0 rg BT 312.69 534.25 Td (attorneys-in-fact ) Tj ET Q q 0 0 0 rg BT 380.95 534.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.57 534.25 Td (agents, ) Tj ET Q q 0 0 0 rg BT 427.80 534.25 Td (full ) Tj ET Q q 0 0 0 rg BT 443.86 534.25 Td (power ) Tj ET Q q 0 0 0 rg BT 471.03 534.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.65 534.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 525.94 534.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.89 534.25 Td (do ) Tj ET Q q 0 0 0 rg BT 548.07 534.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 83.56 522.25 Td (each ) Tj ET Q q 0 0 0 rg BT 103.74 522.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.03 522.25 Td (every ) Tj ET Q q 0 0 0 rg BT 144.10 522.25 Td (act ) Tj ET Q q 0 0 0 rg BT 157.61 522.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.90 522.25 Td (thing ) Tj ET Q q 0 0 0 rg BT 196.32 522.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 232.61 522.25 Td (or ) Tj ET Q q 0 0 0 rg BT 242.79 522.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 283.52 522.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.15 522.25 Td (be ) Tj ET Q q 0 0 0 rg BT 304.45 522.25 Td (done ) Tj ET Q q 0 0 0 rg BT 325.74 522.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.38 522.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.68 522.25 Td (about ) Tj ET Q q 0 0 0 rg BT 375.75 522.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.82 522.25 Td (premises, ) Tj ET Q q 0 0 0 rg BT 429.73 522.25 Td (as ) Tj ET Q q 0 0 0 rg BT 439.91 522.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 460.66 522.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.29 522.25 Td (all ) Tj ET Q q 0 0 0 rg BT 482.14 522.25 Td (intents ) Tj ET Q q 0 0 0 rg BT 510.67 522.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.96 522.25 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.66 510.25 Td (he ) Tj ET Q q 0 0 0 rg BT 72.94 510.25 Td (might ) Tj ET Q q 0 0 0 rg BT 99.10 510.25 Td (or ) Tj ET Q q 0 0 0 rg BT 110.27 510.25 Td (could ) Tj ET Q q 0 0 0 rg BT 135.32 510.25 Td (do ) Tj ET Q q 0 0 0 rg BT 148.15 510.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.76 510.25 Td (person, ) Tj ET Q q 0 0 0 rg BT 190.76 510.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 220.80 510.25 Td (ratifying ) Tj ET Q q 0 0 0 rg BT 258.06 510.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.34 510.25 Td (confirming ) Tj ET Q q 0 0 0 rg BT 322.60 510.25 Td (all ) Tj ET Q q 0 0 0 rg BT 335.43 510.25 Td (that ) Tj ET Q q 0 0 0 rg BT 353.26 510.25 Td (said ) Tj ET Q q 0 0 0 rg BT 372.20 510.25 Td (attorneys-in-fact ) Tj ET Q q 0 0 0 rg BT 441.12 510.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.39 510.25 Td (agents, ) Tj ET Q q 0 0 0 rg BT 489.27 510.25 Td (or ) Tj ET Q q 0 0 0 rg BT 500.43 510.25 Td (any ) Tj ET Q q 0 0 0 rg BT 517.70 510.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.87 510.25 Td (them, ) Tj ET Q q 0 0 0 rg BT 554.20 510.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.25 Td (their ) Tj ET Q q 0 0 0 rg BT 70.33 498.25 Td (substitute ) Tj ET Q q 0 0 0 rg BT 111.16 498.25 Td (or ) Tj ET Q q 0 0 0 rg BT 121.99 498.25 Td (substitutes, ) Tj ET Q q 0 0 0 rg BT 169.22 498.25 Td (may ) Tj ET Q q 0 0 0 rg BT 188.93 498.25 Td (lawfully ) Tj ET Q q 0 0 0 rg BT 224.76 498.25 Td (do ) Tj ET Q q 0 0 0 rg BT 237.26 498.25 Td (or ) Tj ET Q q 0 0 0 rg BT 248.09 498.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 272.80 498.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.07 498.25 Td (be ) Tj ET Q q 0 0 0 rg BT 295.01 498.25 Td (done ) Tj ET Q q 0 0 0 rg BT 316.95 498.25 Td (by ) Tj ET Q q 0 0 0 rg BT 329.45 498.25 Td (virtue ) Tj ET Q q 0 0 0 rg BT 355.28 498.25 Td (hereof.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 479.25 Td (Pursuant to the requirements of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 298.05 479.25 Td (Act of 1934, this report has been signed below by the following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.25 Td (persons on behalf of the registrant and in the capacities and on the dates indicated.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 419.75 m 205 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 376.75 m 205 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 324.75 m 205 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 291.75 m 205 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 257.75 m 205 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 224.75 m 205 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 190.75 m 205 190.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 157.75 m 205 157.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 125.75 m 205 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 125.75 m 205 125.75 l s BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 106.25 445.91259765625 m 147.7392578125 445.91259765625 l s q 0 0 0 rg BT 106.25 447.48 Td (Signature) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 318.55 445.91259765625 m 338.364453125 445.91259765625 l s q 0 0 0 rg BT 318.55 447.48 Td (Title) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 486 445.91259765625 m 505.990234375 445.91259765625 l s q 0 0 0 rg BT 486.00 447.48 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 424.42 Td (/s/ Christopher J. Littlefield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 405.87 Td (Christopher J. Littlefield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 410.32 Td (ChiefExecutiveOfficer and Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 400.32 Td (\(PrincipalExecutiveOfficer\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 401.42 Td (November 21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 381.42 Td (/s/ Dennis R. Vigneau) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 358.37 Td (Dennis R. Vigneau) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 367.32 Td (Executive ) Tj ET Q q 0 0 0 rg BT 249.80 367.32 Td (V) Tj ET Q q 0 0 0 rg BT 256.42 367.32 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 402.03 367.32 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 357.32 Td (\(PrincipalFinancialOf) Tj ET Q q 0 0 0 rg BT 299.52 357.32 Td (ficer and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 347.37 Td (Principal) Tj ET Q q 0 0 0 rg BT 245.55 347.37 Td (AccountingOf) Tj ET Q q 0 0 0 rg BT 305.08 347.37 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 349.42 Td (November 21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.42 Td (/s/ Joseph S. Steinberg) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 315.32 Td (Joseph S. Steinberg) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 315.32 Td (Chairman) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 315.32 Td (November 21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 296.42 Td (/s/ Omar M. Asali) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 282.32 Td (Omar M. Asali) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 282.32 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 282.32 Td (November 21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 262.42 Td (/s/ William J. Bawden) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 248.32 Td (William J. Bawden) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 248.32 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 248.32 Td (November 21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 229.42 Td (/s/ James M. Benson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 215.32 Td (James M. Benson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 215.32 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 215.32 Td (November 21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 195.42 Td (/s/ William P. Melchionni) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 181.32 Td (William P. Melchionni) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 181.32 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 181.32 Td (November 21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 162.42 Td (/s/ John H. Tweedie) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 148.37 Td (John H. Tweedie) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 148.37 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 148.37 Td (November 21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 130.42 Td (/s/ Thomas A. Williams) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 116.32 Td (Thomas A. Williams) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 116.32 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 116.32 Td (November 21, 2016) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 205 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 206 0 R>> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 38.10 Td (F-1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.35 735.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 233.32 735.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 304.06 735.75 Td ( LIFE ) Tj ET Q q 0 0 0 rg BT 331.85 735.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.40 714.75 Td (INDEX OF) Tj ET Q q 0 0 0 rg BT 224.64 714.75 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 286.97 714.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 366.15 714.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 380.14 714.75 Td (A) Tj ET Q q 0 0 0 rg BT 386.61 714.75 Td (TEMENTS ) Tj ET Q 1 1 1 rg /GS0 gs 80.50 678.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 648.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 633.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 618.45 409.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 593.45 409.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 568.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 553.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 538.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 523.45 409.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 509.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 494.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 479.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 464.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 449.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 434.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 419.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 404.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 389.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 374.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 359.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 344.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 329.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 314.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 299.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 284.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 269.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 254.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 224.45 409.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 80.50 209.45 409.00 -15.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.25 682.68 Td (Page) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 666.7833984375001 m 316.8427734375 666.7833984375001 l s q 0 0 1 rg BT 83.00 668.12 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 248.24 668.12 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 668.02 Td (...................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 651.7833984375001 m 316.8427734375 651.7833984375001 l s q 0 0 1 rg BT 83.00 653.12 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 248.24 653.12 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 636.7833984375001 m 342.9462890625 636.7833984375001 l s q 0 0 1 rg BT 83.00 638.12 Td (Consolidated Balance Sheets as of September 30, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.50 638.02 Td (.........................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 621.7833984375001 m 470.4365234375 621.7833984375001 l s q 0 0 1 rg BT 83.00 623.12 Td (Consolidated Statements of Operations for the ) Tj ET Q q 0 0 1 rg BT 270.37 623.12 Td (Y) Tj ET Q q 0 0 1 rg BT 276.59 623.12 Td (ears Ended September 30, 2016, 2015, and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.00 623.02 Td (......) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 606.7833984375001 m 487.921875 606.7833984375001 l s q 0 0 1 rg BT 83.00 608.12 Td (Consolidated Statements of Comprehensive Income \(Loss\) for the ) Tj ET Q q 0 0 1 rg BT 349.79 608.12 Td (Y) Tj ET Q q 0 0 1 rg BT 356.01 608.12 Td (ears Ended September 30, 2016, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 596.7833984375001 m 144.9384765625 596.7833984375001 l s q 0 0 1 rg BT 83.00 598.12 Td (2015, and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 598.02 Td (........................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 581.7833984375001 m 470.01171875 581.7833984375001 l s q 0 0 1 rg BT 83.00 583.12 Td (Consolidated Statements of Changes in Shareholders' Equity for the ) Tj ET Q q 0 0 1 rg BT 356.88 583.12 Td (Y) Tj ET Q q 0 0 1 rg BT 363.10 583.12 Td (ears Ended September 30, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 571.7833984375001 m 172.4384765625 571.7833984375001 l s q 0 0 1 rg BT 83.00 573.12 Td (2016, 2015, and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 573.02 Td (.............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 556.7833984375001 m 473.5126953125 556.7833984375001 l s q 0 0 1 rg BT 83.00 558.12 Td (Consolidated Statements of Cash Flows for the ) Tj ET Q q 0 0 1 rg BT 273.44 558.12 Td (Y) Tj ET Q q 0 0 1 rg BT 279.67 558.12 Td (ears Ended September 30, 2016, 2015, and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 558.02 Td (....) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 95 541.7833984375001 m 272.4755859375 541.7833984375001 l s q 0 0 1 rg BT 95.00 543.12 Td (Notes to Consolidated Financial Statements ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 543.02 Td (......................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 526.7833984375001 m 301.130859375 526.7833984375001 l s q 0 0 1 rg BT 107.00 528.12 Td (\(1\) Basis of Presentation and Nature of Business) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 528.02 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 512.6833984375 m 303.3427734375 512.6833984375 l s q 0 0 1 rg BT 107.00 514.02 Td (\(2\) Significant ) Tj ET Q q 0 0 1 rg BT 166.99 514.02 Td (Accounting Policies and Practices) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 514.02 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 497.78339843750007 m 262.5224609375 497.78339843750007 l s q 0 0 1 rg BT 107.00 499.12 Td (\(3\) Significant Risks and Uncertainties) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.50 499.02 Td (.........................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 482.78339843750007 m 169.4853515625 482.78339843750007 l s q 0 0 1 rg BT 107.00 484.12 Td (\(4\) Investments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.00 484.02 Td (..............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 467.78339843750007 m 252.791015625 467.78339843750007 l s q 0 0 1 rg BT 107.00 469.12 Td (\(5\) Derivative Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.50 469.02 Td (.............................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 452.78339843750007 m 262.615234375 452.78339843750007 l s q 0 0 1 rg BT 107.00 454.12 Td (\(6\) Fair ) Tj ET Q q 0 0 1 rg BT 139.59 454.12 Td (V) Tj ET Q q 0 0 1 rg BT 145.70 454.12 Td (alue of Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.50 454.02 Td (.........................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 437.78339843750007 m 189.763671875 437.78339843750007 l s q 0 0 1 rg BT 107.00 439.12 Td (\(7\) Intangible ) Tj ET Q q 0 0 1 rg BT 163.65 439.12 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 439.02 Td (......................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 422.78339843750007 m 140.5986328125 422.78339843750007 l s q 0 0 1 rg BT 107.00 424.12 Td (\(8\) Debt) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 424.02 Td (..........................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 407.78339843750007 m 147.8251953125 407.78339843750007 l s q 0 0 1 rg BT 107.00 409.12 Td (\(9\) Equity) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.50 409.02 Td (.......................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 392.78339843750007 m 209.2119140625 392.78339843750007 l s q 0 0 1 rg BT 107.00 394.12 Td (\(10\) Stock Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 394.02 Td (..............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 377.78339843750007 m 181.2724609375 377.78339843750007 l s q 0 0 1 rg BT 107.00 379.12 Td (\(1) Tj ET Q q 0 0 1 rg BT 114.96 379.12 Td (1\) Income ) Tj ET Q q 0 0 1 rg BT 158.09 379.12 Td (T) Tj ET Q q 0 0 1 rg BT 163.50 379.12 Td (axes) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.50 379.02 Td (.........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 362.78339843750007 m 259.48046875 362.78339843750007 l s q 0 0 1 rg BT 107.00 364.12 Td (\(12\) Commitments and Contingencies) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 364.02 Td (..........................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 347.78339843750007 m 175.583984375 347.78339843750007 l s q 0 0 1 rg BT 107.00 349.12 Td (\(13\) Reinsurance) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.00 349.02 Td (............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 332.78339843750007 m 233.3720703125 332.78339843750007 l s q 0 0 1 rg BT 107.00 334.12 Td (\(14\) Related Party ) Tj ET Q q 0 0 1 rg BT 182.63 334.12 Td (T) Tj ET Q q 0 0 1 rg BT 188.39 334.12 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 334.02 Td (.....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 317.78339843750007 m 202.8056640625 317.78339843750007 l s q 0 0 1 rg BT 107.00 319.12 Td (\(15\) Earnings Per Share) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 319.02 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 302.78339843750007 m 397.2001953125 302.78339843750007 l s q 0 0 1 rg BT 107.00 304.12 Td (\(16\) Insurance Subsidiary Financial Information and Regulatory Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 304.02 Td (...................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 287.78339843750007 m 191.9755859375 287.78339843750007 l s q 0 0 1 rg BT 107.00 289.12 Td (\(17\) Other Liabilities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 289.02 Td (.....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 272.78339843750007 m 202.52734375 272.78339843750007 l s q 0 0 1 rg BT 107.00 274.12 Td (\(18\) Employee Benefits) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 274.02 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 107 257.78339843750007 m 247.2392578125 257.78339843750007 l s q 0 0 1 rg BT 107.00 259.12 Td (\(19\) Quarterly Results \(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.50 259.02 Td (...............................................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 242.78339843750007 m 404.03515625 242.78339843750007 l s q 0 0 1 rg BT 83.00 244.12 Td (Schedule I - Summary of Investments-Other than Investments in Related Parties) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 244.02 Td (................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 227.78339843750007 m 332.9365234375 227.78339843750007 l s q 0 0 1 rg BT 83.00 229.12 Td (Schedule II - Condensed Financial Information of Parent Only) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 212.78339843750007 m 292.6484375 212.78339843750007 l s q 0 0 1 rg BT 83.00 214.12 Td (Schedule III - Supplementary Insurance Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 214.02 Td (.............................................................................) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 197.78339843750007 m 190.2802734375 197.78339843750007 l s q 0 0 1 rg BT 83.00 199.12 Td (Schedule IV) Tj ET Q q 0 0 1 rg BT 132.53 199.12 Td ( - Reinsurance) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 199.02 Td (......................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.00 194.95 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 513.1 666.7833984375001 m 526.9916015625 666.7833984375001 l s q 0 0 1 rg BT 513.10 668.12 Td (F-2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 513.1 651.7833984375001 m 526.9916015625 651.7833984375001 l s q 0 0 1 rg BT 513.10 653.12 Td (F-3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 513.1 636.7833984375001 m 526.9916015625 636.7833984375001 l s q 0 0 1 rg BT 513.10 638.12 Td (F-4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 513.1 621.7833984375001 m 526.9916015625 621.7833984375001 l s q 0 0 1 rg BT 513.10 623.12 Td (F-5) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 513.1 596.7833984375001 m 526.9916015625 596.7833984375001 l s q 0 0 1 rg BT 513.10 598.12 Td (F-6) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 513.1 571.7833984375001 m 526.9916015625 571.7833984375001 l s q 0 0 1 rg BT 513.10 573.12 Td (F-7) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 513.1 556.7833984375001 m 526.9916015625 556.7833984375001 l s q 0 0 1 rg BT 513.10 558.12 Td (F-8) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 513.1 541.7833984375001 m 526.9916015625 541.7833984375001 l s q 0 0 1 rg BT 513.10 543.12 Td (F-9) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 513.1 526.7833984375001 m 526.9916015625 526.7833984375001 l s q 0 0 1 rg BT 513.10 528.12 Td (F-9) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.45 512.6833984375 m 526.9705078125 512.6833984375 l s q 0 0 1 rg BT 508.45 514.02 Td (F-1) Tj ET Q q 0 0 1 rg BT 521.97 514.02 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 497.78339843750007 m 526.9916015625 497.78339843750007 l s q 0 0 1 rg BT 508.10 499.12 Td (F-23) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 482.78339843750007 m 526.9916015625 482.78339843750007 l s q 0 0 1 rg BT 508.10 484.12 Td (F-26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 467.78339843750007 m 526.9916015625 467.78339843750007 l s q 0 0 1 rg BT 508.10 469.12 Td (F-35) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 452.78339843750007 m 526.9916015625 452.78339843750007 l s q 0 0 1 rg BT 508.10 454.12 Td (F-39) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 437.78339843750007 m 526.9916015625 437.78339843750007 l s q 0 0 1 rg BT 508.10 439.12 Td (F-49) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 422.78339843750007 m 526.9916015625 422.78339843750007 l s q 0 0 1 rg BT 508.10 424.12 Td (F-50) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 407.78339843750007 m 526.9916015625 407.78339843750007 l s q 0 0 1 rg BT 508.10 409.12 Td (F-51) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 392.78339843750007 m 526.9916015625 392.78339843750007 l s q 0 0 1 rg BT 508.10 394.12 Td (F-52) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 377.78339843750007 m 526.9916015625 377.78339843750007 l s q 0 0 1 rg BT 508.10 379.12 Td (F-57) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 362.78339843750007 m 526.9916015625 362.78339843750007 l s q 0 0 1 rg BT 508.10 364.12 Td (F-60) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 347.78339843750007 m 526.9916015625 347.78339843750007 l s q 0 0 1 rg BT 508.10 349.12 Td (F-62) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 332.78339843750007 m 526.9916015625 332.78339843750007 l s q 0 0 1 rg BT 508.10 334.12 Td (F-65) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 317.78339843750007 m 526.9916015625 317.78339843750007 l s q 0 0 1 rg BT 508.10 319.12 Td (F-68) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 302.78339843750007 m 526.9916015625 302.78339843750007 l s q 0 0 1 rg BT 508.10 304.12 Td (F-69) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 287.78339843750007 m 526.9916015625 287.78339843750007 l s q 0 0 1 rg BT 508.10 289.12 Td (F-70) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 272.78339843750007 m 526.9916015625 272.78339843750007 l s q 0 0 1 rg BT 508.10 274.12 Td (F-70) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 257.78339843750007 m 526.9916015625 257.78339843750007 l s q 0 0 1 rg BT 508.10 259.12 Td (F-71) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 242.78339843750007 m 526.9916015625 242.78339843750007 l s q 0 0 1 rg BT 508.10 244.12 Td (F-72) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 227.78339843750007 m 526.9916015625 227.78339843750007 l s q 0 0 1 rg BT 508.10 229.12 Td (F-73) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 212.78339843750007 m 526.9916015625 212.78339843750007 l s q 0 0 1 rg BT 508.10 214.12 Td (F-76) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 508.1 197.78339843750007 m 526.9916015625 197.78339843750007 l s q 0 0 1 rg BT 508.10 199.12 Td (F-77) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 207 0 obj <>] /Rotate 0 /Contents 208 0 R>> endobj 208 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 38.10 Td (F-2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 216.08 735.75 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 257.76 735.75 Td (Accounting Firm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 714.75 Td (The Board of Directors and Shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 702.75 Td (Fidelity& Guaranty Life: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 682.75 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 682.75 Td (e ) Tj ET Q q 0 0 0 rg BT 96.36 682.75 Td (have ) Tj ET Q q 0 0 0 rg BT 117.53 682.75 Td (audited ) Tj ET Q q 0 0 0 rg BT 149.25 682.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.75 682.75 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 224.35 682.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 277.18 682.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 309.99 682.75 Td (sheets ) Tj ET Q q 0 0 0 rg BT 336.72 682.75 Td (of ) Tj ET Q q 0 0 0 rg BT 347.34 682.75 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 380.74 682.75 Td (& ) Tj ET Q q 0 0 0 rg BT 390.80 682.75 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 430.29 682.75 Td (Life ) Tj ET Q q 0 0 0 rg BT 449.24 682.75 Td (and ) Tj ET Q q 0 0 0 rg BT 465.96 682.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 515.47 682.75 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 670.75 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 129.17 670.75 Td (as ) Tj ET Q q 0 0 0 rg BT 143.44 670.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.72 670.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 221.43 670.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.43 670.75 Td ( ) Tj ET Q q 0 0 0 rg BT 247.38 670.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.77 670.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.77 670.75 Td (, ) Tj ET Q q 0 0 0 rg BT 296.22 670.75 Td (and ) Tj ET Q q 0 0 0 rg BT 316.60 670.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.77 670.75 Td (related ) Tj ET Q q 0 0 0 rg BT 367.92 670.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 424.41 670.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 472.57 670.75 Td (of ) Tj ET Q q 0 0 0 rg BT 486.85 670.75 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 658.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 143.13 658.75 Td (income ) Tj ET Q q 0 0 0 rg BT 174.16 658.75 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 200.47 658.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 234.28 658.75 Td (in ) Tj ET Q q 0 0 0 rg BT 243.65 658.75 Td (shareholders) Tj ET Q q 0 0 0 rg BT 296.78 658.75 Td ( ) Tj ET Q q 0 0 0 rg BT 298.37 658.75 Td (equity) Tj ET Q q 0 0 0 rg BT 322.72 658.75 Td (, ) Tj ET Q q 0 0 0 rg BT 326.81 658.75 Td (and ) Tj ET Q q 0 0 0 rg BT 342.85 658.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 362.21 658.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 386.03 658.75 Td (for ) Tj ET Q q 0 0 0 rg BT 399.29 658.75 Td (each ) Tj ET Q q 0 0 0 rg BT 419.20 658.75 Td (of ) Tj ET Q q 0 0 0 rg BT 429.12 658.75 Td (the ) Tj ET Q q 0 0 0 rg BT 442.93 658.75 Td (years ) Tj ET Q q 0 0 0 rg BT 465.63 658.75 Td (in ) Tj ET Q q 0 0 0 rg BT 475.00 658.75 Td (the ) Tj ET Q /GS0 gs q 44.69 0 0 10.09 488.82 656.59 cm /I18 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 646.75 Td (period ) Tj ET Q q 0 0 0 rg BT 108.85 646.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.03 646.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 195.10 646.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.10 646.75 Td (. ) Tj ET Q q 0 0 0 rg BT 219.91 646.75 Td (In ) Tj ET Q q 0 0 0 rg BT 230.54 646.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 276.72 646.75 Td (with ) Tj ET Q q 0 0 0 rg BT 296.80 646.75 Td (our ) Tj ET Q q 0 0 0 rg BT 312.44 646.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 338.63 646.75 Td (of ) Tj ET Q q 0 0 0 rg BT 349.26 646.75 Td (the ) Tj ET Q q 0 0 0 rg BT 363.78 646.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 416.63 646.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.92 646.75 Td (statements, ) Tj ET Q q 0 0 0 rg BT 500.93 646.75 Td (we ) Tj ET Q q 0 0 0 rg BT 514.90 646.75 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 634.75 Td (have ) Tj ET Q q 0 0 0 rg BT 103.71 634.75 Td (audited ) Tj ET Q q 0 0 0 rg BT 136.98 634.75 Td (the ) Tj ET Q q 0 0 0 rg BT 153.03 634.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 191.84 634.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 234.00 634.75 Td (schedules ) Tj ET Q q 0 0 0 rg BT 276.71 634.75 Td (I ) Tj ET Q q 0 0 0 rg BT 283.87 634.75 Td (to ) Tj ET Q q 0 0 0 rg BT 295.48 634.75 Td (IV) Tj ET Q q 0 0 0 rg BT 304.74 634.75 Td (. ) Tj ET Q q 0 0 0 rg BT 310.80 634.75 Td (These ) Tj ET Q q 0 0 0 rg BT 338.51 634.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 392.89 634.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 431.70 634.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 477.75 634.75 Td (and ) Tj ET Q q 0 0 0 rg BT 496.02 634.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 622.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 122.92 622.75 Td (schedules ) Tj ET Q q 0 0 0 rg BT 165.39 622.75 Td (are ) Tj ET Q q 0 0 0 rg BT 181.20 622.75 Td (the ) Tj ET Q q 0 0 0 rg BT 197.02 622.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 255.06 622.75 Td (of ) Tj ET Q q 0 0 0 rg BT 266.99 622.75 Td (the ) Tj ET Q q 0 0 0 rg BT 282.80 622.75 Td (Company) Tj ET Q q 0 0 0 rg BT 324.47 622.75 Td (s ) Tj ET Q q 0 0 0 rg BT 331.96 622.75 Td (management. ) Tj ET Q q 0 0 0 rg BT 389.14 622.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 408.29 622.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 466.34 622.75 Td (is ) Tj ET Q q 0 0 0 rg BT 476.61 622.75 Td (to ) Tj ET Q q 0 0 0 rg BT 487.98 622.75 Td (express ) Tj ET Q q 0 0 0 rg BT 521.57 622.75 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 610.75 Td (opinion ) Tj ET Q q 0 0 0 rg BT 114.06 610.75 Td (on ) Tj ET Q q 0 0 0 rg BT 126.56 610.75 Td (these ) Tj ET Q q 0 0 0 rg BT 149.60 610.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 202.65 610.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 240.13 610.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 284.84 610.75 Td (and ) Tj ET Q q 0 0 0 rg BT 301.78 610.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 339.26 610.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 380.08 610.75 Td (schedules ) Tj ET Q q 0 0 0 rg BT 421.45 610.75 Td (based ) Tj ET Q q 0 0 0 rg BT 446.72 610.75 Td (on ) Tj ET Q q 0 0 0 rg BT 459.22 610.75 Td (our ) Tj ET Q q 0 0 0 rg BT 475.05 610.75 Td (audits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 590.75 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 590.75 Td (e ) Tj ET Q q 0 0 0 rg BT 96.96 590.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 140.93 590.75 Td (our ) Tj ET Q q 0 0 0 rg BT 157.15 590.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 183.92 590.75 Td (in ) Tj ET Q q 0 0 0 rg BT 194.58 590.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 242.42 590.75 Td (with ) Tj ET Q q 0 0 0 rg BT 263.08 590.75 Td (the ) Tj ET Q q 0 0 0 rg BT 278.18 590.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 318.83 590.75 Td (of ) Tj ET Q q 0 0 0 rg BT 330.04 590.75 Td (the ) Tj ET Q q 0 0 0 rg BT 345.14 590.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 373.58 590.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 414.71 590.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 464.25 590.75 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 506.57 590.75 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 578.75 Td (\(United ) Tj ET Q q 0 0 0 rg BT 114.05 578.75 Td (States\). ) Tj ET Q q 0 0 0 rg BT 146.09 578.75 Td (Those ) Tj ET Q q 0 0 0 rg BT 173.03 578.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 213.31 578.75 Td (require ) Tj ET Q q 0 0 0 rg BT 244.12 578.75 Td (that ) Tj ET Q q 0 0 0 rg BT 261.62 578.75 Td (we ) Tj ET Q q 0 0 0 rg BT 275.79 578.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 295.51 578.75 Td (and ) Tj ET Q q 0 0 0 rg BT 312.45 578.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 347.16 578.75 Td (the ) Tj ET Q q 0 0 0 rg BT 361.88 578.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 384.38 578.75 Td (to ) Tj ET Q q 0 0 0 rg BT 394.66 578.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 422.16 578.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 467.42 578.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 508.79 578.75 Td (about ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 566.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 115.95 566.75 Td (the ) Tj ET Q q 0 0 0 rg BT 130.90 566.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.62 566.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 213.57 566.75 Td (are ) Tj ET Q q 0 0 0 rg BT 228.51 566.75 Td (free ) Tj ET Q q 0 0 0 rg BT 246.79 566.75 Td (of ) Tj ET Q q 0 0 0 rg BT 257.86 566.75 Td (material ) Tj ET Q q 0 0 0 rg BT 293.36 566.75 Td (misstatement. ) Tj ET Q q 0 0 0 rg BT 350.76 566.75 Td (An ) Tj ET Q q 0 0 0 rg BT 365.72 566.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 388.45 566.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 424.51 566.75 Td (examining, ) Tj ET Q q 0 0 0 rg BT 471.96 566.75 Td (on ) Tj ET Q q 0 0 0 rg BT 484.70 566.75 Td (a ) Tj ET Q q 0 0 0 rg BT 491.88 566.75 Td (test ) Tj ET Q q 0 0 0 rg BT 508.50 566.75 Td (basis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 554.75 Td (evidence ) Tj ET Q q 0 0 0 rg BT 118.96 554.75 Td (supporting ) Tj ET Q q 0 0 0 rg BT 164.17 554.75 Td (the ) Tj ET Q q 0 0 0 rg BT 178.82 554.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 215.14 554.75 Td (and ) Tj ET Q q 0 0 0 rg BT 232.01 554.75 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 278.88 554.75 Td (in ) Tj ET Q q 0 0 0 rg BT 289.09 554.75 Td (the ) Tj ET Q q 0 0 0 rg BT 303.74 554.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.15 554.75 Td (statements. ) Tj ET Q q 0 0 0 rg BT 387.76 554.75 Td (An ) Tj ET Q q 0 0 0 rg BT 402.41 554.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 424.84 554.75 Td (also ) Tj ET Q q 0 0 0 rg BT 443.38 554.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 479.14 554.75 Td (assessing ) Tj ET Q q 0 0 0 rg BT 518.79 554.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 542.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 126.12 542.75 Td (principles ) Tj ET Q q 0 0 0 rg BT 166.81 542.75 Td (used ) Tj ET Q q 0 0 0 rg BT 186.39 542.75 Td (and ) Tj ET Q q 0 0 0 rg BT 202.08 542.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 245.54 542.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 284.01 542.75 Td (made ) Tj ET Q q 0 0 0 rg BT 306.91 542.75 Td (by ) Tj ET Q q 0 0 0 rg BT 318.17 542.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 373.01 542.75 Td (as ) Tj ET Q q 0 0 0 rg BT 382.59 542.75 Td (well ) Tj ET Q q 0 0 0 rg BT 401.06 542.75 Td (as ) Tj ET Q q 0 0 0 rg BT 410.64 542.75 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 453.54 542.75 Td (the ) Tj ET Q q 0 0 0 rg BT 467.01 542.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 496.02 542.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 530.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 121.82 530.75 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 175.51 530.75 Td (W) Tj ET Q q 0 0 0 rg BT 184.15 530.75 Td (e ) Tj ET Q q 0 0 0 rg BT 191.09 530.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 222.46 530.75 Td (that ) Tj ET Q q 0 0 0 rg BT 239.96 530.75 Td (our ) Tj ET Q q 0 0 0 rg BT 255.79 530.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 282.17 530.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 315.22 530.75 Td (a ) Tj ET Q q 0 0 0 rg BT 322.16 530.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 367.41 530.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 389.91 530.75 Td (for ) Tj ET Q q 0 0 0 rg BT 404.07 530.75 Td (our ) Tj ET Q q 0 0 0 rg BT 419.90 530.75 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 510.75 Td (In ) Tj ET Q q 0 0 0 rg BT 91.97 510.75 Td (our ) Tj ET Q q 0 0 0 rg BT 107.94 510.75 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 143.63 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 158.49 510.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 211.67 510.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 249.29 510.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 294.14 510.75 Td (referred ) Tj ET Q q 0 0 0 rg BT 328.41 510.75 Td (to ) Tj ET Q q 0 0 0 rg BT 338.83 510.75 Td (above ) Tj ET Q q 0 0 0 rg BT 365.34 510.75 Td (present ) Tj ET Q q 0 0 0 rg BT 396.86 510.75 Td (fairly) Tj ET Q q 0 0 0 rg BT 417.86 510.75 Td (, ) Tj ET Q q 0 0 0 rg BT 423.00 510.75 Td (in ) Tj ET Q q 0 0 0 rg BT 433.42 510.75 Td (all ) Tj ET Q q 0 0 0 rg BT 446.05 510.75 Td (material ) Tj ET Q q 0 0 0 rg BT 481.45 510.75 Td (respects, ) Tj ET Q q 0 0 0 rg BT 518.79 510.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 498.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.09 498.75 Td (position ) Tj ET Q q 0 0 0 rg BT 152.44 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.88 498.75 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 196.11 498.75 Td (& ) Tj ET Q q 0 0 0 rg BT 206.00 498.75 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 245.32 498.75 Td (Life ) Tj ET Q q 0 0 0 rg BT 264.09 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 280.64 498.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 329.97 498.75 Td (as ) Tj ET Q q 0 0 0 rg BT 340.42 498.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.86 498.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 410.74 498.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.74 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 432.86 498.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.41 498.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.41 498.75 Td (, ) Tj ET Q q 0 0 0 rg BT 474.02 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 490.58 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 504.91 498.75 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 486.75 Td (of ) Tj ET Q q 0 0 0 rg BT 91.85 486.75 Td (their ) Tj ET Q q 0 0 0 rg BT 112.70 486.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 156.88 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 173.85 486.75 Td (their ) Tj ET Q q 0 0 0 rg BT 194.70 486.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 214.99 486.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 239.74 486.75 Td (for ) Tj ET Q q 0 0 0 rg BT 253.92 486.75 Td (each ) Tj ET Q q 0 0 0 rg BT 274.76 486.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.61 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 300.36 486.75 Td (years ) Tj ET Q q 0 0 0 rg BT 323.98 486.75 Td (in ) Tj ET Q q 0 0 0 rg BT 334.28 486.75 Td (the ) Tj ET Q /GS0 gs q 44.72 0 0 10.09 349.02 484.59 cm /I19 Do Q q 0 0 0 rg BT 393.74 486.75 Td (period ) Tj ET Q q 0 0 0 rg BT 421.81 486.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.21 486.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 508.50 486.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 486.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 474.75 Td (in ) Tj ET Q q 0 0 0 rg BT 93.03 474.75 Td (conformity ) Tj ET Q q 0 0 0 rg BT 141.71 474.75 Td (with ) Tj ET Q q 0 0 0 rg BT 163.74 474.75 Td (U.S.generally ) Tj ET Q q 0 0 0 rg BT 225.47 474.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 264.69 474.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 312.81 474.75 Td (principles. ) Tj ET Q q 0 0 0 rg BT 358.05 474.75 Td (Also ) Tj ET Q q 0 0 0 rg BT 381.19 474.75 Td (in ) Tj ET Q q 0 0 0 rg BT 393.22 474.75 Td (our ) Tj ET Q q 0 0 0 rg BT 410.80 474.75 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 448.10 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 464.57 474.75 Td (related ) Tj ET Q q 0 0 0 rg BT 496.02 474.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 462.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 121.81 462.75 Td (schedules, ) Tj ET Q q 0 0 0 rg BT 165.68 462.75 Td (when ) Tj ET Q q 0 0 0 rg BT 189.83 462.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 235.64 462.75 Td (in ) Tj ET Q q 0 0 0 rg BT 245.91 462.75 Td (relation ) Tj ET Q q 0 0 0 rg BT 278.94 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 289.21 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 303.92 462.75 Td (basic ) Tj ET Q q 0 0 0 rg BT 326.96 462.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 379.99 462.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 417.47 462.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 462.17 462.75 Td (taken ) Tj ET Q q 0 0 0 rg BT 486.32 462.75 Td (as ) Tj ET Q q 0 0 0 rg BT 497.14 462.75 Td (a ) Tj ET Q q 0 0 0 rg BT 504.07 462.75 Td (whole, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 450.75 Td (present ) Tj ET Q q 0 0 0 rg BT 112.38 450.75 Td (fairly) Tj ET Q q 0 0 0 rg BT 133.38 450.75 Td (, ) Tj ET Q q 0 0 0 rg BT 138.38 450.75 Td (in ) Tj ET Q q 0 0 0 rg BT 148.66 450.75 Td (all ) Tj ET Q q 0 0 0 rg BT 161.16 450.75 Td (material ) Tj ET Q q 0 0 0 rg BT 196.42 450.75 Td (respects, ) Tj ET Q q 0 0 0 rg BT 233.62 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 248.34 450.75 Td (information ) Tj ET Q q 0 0 0 rg BT 298.05 450.75 Td (set ) Tj ET Q q 0 0 0 rg BT 311.66 450.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 333.60 450.75 Td (therein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 430.75 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 430.75 Td (e ) Tj ET Q q 0 0 0 rg BT 95.56 430.75 Td (also ) Tj ET Q q 0 0 0 rg BT 113.16 430.75 Td (have ) Tj ET Q q 0 0 0 rg BT 133.52 430.75 Td (audited, ) Tj ET Q q 0 0 0 rg BT 166.94 430.75 Td (in ) Tj ET Q q 0 0 0 rg BT 176.20 430.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 222.65 430.75 Td (with ) Tj ET Q q 0 0 0 rg BT 241.91 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 255.62 430.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 294.87 430.75 Td (of ) Tj ET Q q 0 0 0 rg BT 304.69 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 318.39 430.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 345.43 430.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 385.48 430.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 433.62 430.75 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 474.54 430.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 500.47 430.75 Td (\(United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 418.75 Td (States\), ) Tj ET Q q 0 0 0 rg BT 113.58 418.75 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 147.55 418.75 Td (& ) Tj ET Q q 0 0 0 rg BT 158.19 418.75 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 198.26 418.75 Td (Life) Tj ET Q q 0 0 0 rg BT 217.69 418.75 Td (s ) Tj ET Q q 0 0 0 rg BT 224.44 418.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 257.84 418.75 Td (control ) Tj ET Q q 0 0 0 rg BT 289.03 418.75 Td (over ) Tj ET Q q 0 0 0 rg BT 309.66 418.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.50 418.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 387.02 418.75 Td (as ) Tj ET Q q 0 0 0 rg BT 398.21 418.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.40 418.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 470.02 418.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.02 418.75 Td (, ) Tj ET Q q 0 0 0 rg BT 495.38 418.75 Td (based ) Tj ET Q q 0 0 0 rg BT 521.01 418.75 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 406.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 112.36 406.75 Td (established ) Tj ET Q q 0 0 0 rg BT 159.84 406.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 170.67 406.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 205.93 406.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 228.90 406.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 239.73 406.75 Td (- ) Tj ET Q q 0 0 0 rg BT 246.11 406.75 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 290.81 406.75 Td (Framework ) Tj ET Q q 0 0 0 rg BT 340.52 406.75 Td (\(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.18 406.75 Td ( ) Tj ET Q q 0 0 0 rg BT 370.23 406.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 398.28 406.75 Td (by ) Tj ET Q q 0 0 0 rg BT 411.32 406.75 Td (the ) Tj ET Q q 0 0 0 rg BT 426.59 406.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 474.08 406.75 Td (of ) Tj ET Q q 0 0 0 rg BT 485.45 406.75 Td (Sponsoring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 394.75 Td (Or) Tj ET Q q 0 0 0 rg BT 91.37 394.75 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 140.64 394.75 Td (of ) Tj ET Q q 0 0 0 rg BT 152.69 394.75 Td (the ) Tj ET Q q 0 0 0 rg BT 168.36 394.75 Td (T) Tj ET Q q 0 0 0 rg BT 174.12 394.75 Td (readway ) Tj ET Q q 0 0 0 rg BT 211.71 394.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 266.00 394.75 Td (\(COSO\), ) Tj ET Q q 0 0 0 rg BT 305.56 394.75 Td (and ) Tj ET Q q 0 0 0 rg BT 323.73 394.75 Td (our ) Tj ET Q q 0 0 0 rg BT 340.78 394.75 Td (report ) Tj ET Q q 0 0 0 rg BT 368.38 394.75 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.76 394.75 Td (November21, ) Tj ET Q q 0 0 0 rg BT 454.69 394.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.69 394.75 Td ( ) Tj ET Q q 0 0 0 rg BT 478.42 394.75 Td (expressed ) Tj ET Q q 0 0 0 rg BT 521.57 394.75 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 382.75 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 129.04 382.75 Td (opinion ) Tj ET Q q 0 0 0 rg BT 162.10 382.75 Td (on ) Tj ET Q q 0 0 0 rg BT 174.60 382.75 Td (the ) Tj ET Q q 0 0 0 rg BT 189.32 382.75 Td (ef) Tj ET Q q 0 0 0 rg BT 196.90 382.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 243.83 382.75 Td (of ) Tj ET Q q 0 0 0 rg BT 254.66 382.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.37 382.75 Td (Company) Tj ET Q q 0 0 0 rg BT 311.04 382.75 Td (s ) Tj ET Q q 0 0 0 rg BT 317.43 382.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 350.47 382.75 Td (control ) Tj ET Q q 0 0 0 rg BT 381.30 382.75 Td (over ) Tj ET Q q 0 0 0 rg BT 401.57 382.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 439.05 382.75 Td (reporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.60 336.05 Td (/s/ KPMG LLP) Tj ET Q q 0 0 0 rg BT 336.35 336.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 310.55 Td (Baltimore, Maryland) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 294.05 Td (November21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.71 294.05 Td ( ) Tj ET Q endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 38.10 Td (F-3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 216.08 735.75 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 257.76 735.75 Td (Accounting Firm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 714.75 Td (The Board of Directors and Shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 702.75 Td (Fidelity& Guaranty Life: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 682.75 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 682.75 Td (e ) Tj ET Q q 0 0 0 rg BT 97.01 682.75 Td (have ) Tj ET Q q 0 0 0 rg BT 118.82 682.75 Td (audited ) Tj ET Q q 0 0 0 rg BT 151.19 682.75 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 185.23 682.75 Td (& ) Tj ET Q q 0 0 0 rg BT 195.95 682.75 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 236.09 682.75 Td (Life) Tj ET Q q 0 0 0 rg BT 255.52 682.75 Td (s ) Tj ET Q q 0 0 0 rg BT 262.35 682.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 295.82 682.75 Td (control ) Tj ET Q q 0 0 0 rg BT 327.08 682.75 Td (over ) Tj ET Q q 0 0 0 rg BT 347.78 682.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.70 682.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 425.29 682.75 Td (as ) Tj ET Q q 0 0 0 rg BT 436.55 682.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.81 682.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 508.51 682.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 682.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 670.75 Td (based ) Tj ET Q q 0 0 0 rg BT 107.47 670.75 Td (on ) Tj ET Q q 0 0 0 rg BT 121.16 670.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 153.17 670.75 Td (established ) Tj ET Q q 0 0 0 rg BT 201.30 670.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 212.78 670.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 248.69 670.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 271.66 670.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 283.14 670.75 Td (- ) Tj ET Q q 0 0 0 rg BT 290.17 670.75 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 335.52 670.75 Td (Framework ) Tj ET Q q 0 0 0 rg BT 385.88 670.75 Td (\(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.54 670.75 Td ( ) Tj ET Q q 0 0 0 rg BT 416.24 670.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 444.93 670.75 Td (by ) Tj ET Q q 0 0 0 rg BT 458.63 670.75 Td (the ) Tj ET Q q 0 0 0 rg BT 474.55 670.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 522.68 670.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 658.75 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 130.31 658.75 Td (Or) Tj ET Q q 0 0 0 rg BT 140.69 658.75 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 189.98 658.75 Td (of ) Tj ET Q q 0 0 0 rg BT 202.06 658.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.76 658.75 Td (T) Tj ET Q q 0 0 0 rg BT 223.52 658.75 Td (readway ) Tj ET Q q 0 0 0 rg BT 261.14 658.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 315.46 658.75 Td (\(COSO\). ) Tj ET Q q 0 0 0 rg BT 355.05 658.75 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 389.92 658.75 Td (& ) Tj ET Q q 0 0 0 rg BT 401.45 658.75 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 442.41 658.75 Td (Life) Tj ET Q q 0 0 0 rg BT 461.84 658.75 Td (s ) Tj ET Q q 0 0 0 rg BT 469.49 658.75 Td (management ) Tj ET Q q 0 0 0 rg BT 524.33 658.75 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 646.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 130.93 646.75 Td (for ) Tj ET Q q 0 0 0 rg BT 146.98 646.75 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 199.14 646.75 Td (ef) Tj ET Q q 0 0 0 rg BT 206.73 646.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 238.32 646.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 273.25 646.75 Td (control ) Tj ET Q q 0 0 0 rg BT 305.96 646.75 Td (over ) Tj ET Q q 0 0 0 rg BT 328.12 646.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 367.48 646.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 408.53 646.75 Td (and ) Tj ET Q q 0 0 0 rg BT 427.35 646.75 Td (for ) Tj ET Q q 0 0 0 rg BT 443.40 646.75 Td (its ) Tj ET Q q 0 0 0 rg BT 457.24 646.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 506.06 646.75 Td (of ) Tj ET Q q 0 0 0 rg BT 518.78 646.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 634.75 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 634.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 135.32 634.75 Td (of ) Tj ET Q q 0 0 0 rg BT 145.97 634.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 178.82 634.75 Td (control ) Tj ET Q q 0 0 0 rg BT 209.46 634.75 Td (over ) Tj ET Q q 0 0 0 rg BT 229.54 634.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 266.83 634.75 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 308.30 634.75 Td (included ) Tj ET Q q 0 0 0 rg BT 345.04 634.75 Td (in ) Tj ET Q q 0 0 0 rg BT 355.13 634.75 Td (the ) Tj ET Q q 0 0 0 rg BT 369.66 634.75 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 430.28 634.75 Td (Management) Tj ET Q q 0 0 0 rg BT 485.27 634.75 Td (s ) Tj ET Q q 0 0 0 rg BT 491.47 634.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 521.00 634.75 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 622.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 114.49 622.75 Td (Control ) Tj ET Q q 0 0 0 rg BT 147.44 622.75 Td (Over ) Tj ET Q q 0 0 0 rg BT 169.82 622.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 209.43 622.75 Td (Reporting. ) Tj ET Q q 0 0 0 rg BT 254.32 622.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 272.26 622.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 329.10 622.75 Td (is ) Tj ET Q q 0 0 0 rg BT 338.17 622.75 Td (to ) Tj ET Q q 0 0 0 rg BT 348.34 622.75 Td (express ) Tj ET Q q 0 0 0 rg BT 380.72 622.75 Td (an ) Tj ET Q q 0 0 0 rg BT 392.55 622.75 Td (opinion ) Tj ET Q q 0 0 0 rg BT 425.50 622.75 Td (on ) Tj ET Q q 0 0 0 rg BT 437.90 622.75 Td (the ) Tj ET Q q 0 0 0 rg BT 452.51 622.75 Td (Company) Tj ET Q q 0 0 0 rg BT 494.17 622.75 Td (s ) Tj ET Q q 0 0 0 rg BT 500.46 622.75 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 610.75 Td (control ) Tj ET Q q 0 0 0 rg BT 111.83 610.75 Td (over ) Tj ET Q q 0 0 0 rg BT 132.09 610.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 169.57 610.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 208.73 610.75 Td (based ) Tj ET Q q 0 0 0 rg BT 234.00 610.75 Td (on ) Tj ET Q q 0 0 0 rg BT 246.50 610.75 Td (our ) Tj ET Q q 0 0 0 rg BT 262.33 610.75 Td (audit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 590.75 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 590.75 Td (e ) Tj ET Q q 0 0 0 rg BT 97.22 590.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 141.46 590.75 Td (our ) Tj ET Q q 0 0 0 rg BT 157.94 590.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 181.08 590.75 Td (in ) Tj ET Q q 0 0 0 rg BT 192.00 590.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 240.11 590.75 Td (with ) Tj ET Q q 0 0 0 rg BT 261.03 590.75 Td (the ) Tj ET Q q 0 0 0 rg BT 276.40 590.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 317.31 590.75 Td (of ) Tj ET Q q 0 0 0 rg BT 328.79 590.75 Td (the ) Tj ET Q q 0 0 0 rg BT 344.15 590.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 372.85 590.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 414.19 590.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 463.99 590.75 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 506.58 590.75 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 578.75 Td (\(United ) Tj ET Q q 0 0 0 rg BT 114.05 578.75 Td (States\). ) Tj ET Q q 0 0 0 rg BT 146.09 578.75 Td (Those ) Tj ET Q q 0 0 0 rg BT 173.03 578.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 213.31 578.75 Td (require ) Tj ET Q q 0 0 0 rg BT 244.12 578.75 Td (that ) Tj ET Q q 0 0 0 rg BT 261.62 578.75 Td (we ) Tj ET Q q 0 0 0 rg BT 275.79 578.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 295.51 578.75 Td (and ) Tj ET Q q 0 0 0 rg BT 312.45 578.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 347.16 578.75 Td (the ) Tj ET Q q 0 0 0 rg BT 361.88 578.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 384.38 578.75 Td (to ) Tj ET Q q 0 0 0 rg BT 394.66 578.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 422.16 578.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 467.42 578.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 508.79 578.75 Td (about ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 566.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 114.51 566.75 Td (ef) Tj ET Q q 0 0 0 rg BT 122.10 566.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 150.60 566.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 182.45 566.75 Td (control ) Tj ET Q q 0 0 0 rg BT 212.08 566.75 Td (over ) Tj ET Q q 0 0 0 rg BT 231.15 566.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 267.43 566.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 305.39 566.75 Td (was ) Tj ET Q q 0 0 0 rg BT 322.24 566.75 Td (maintained ) Tj ET Q q 0 0 0 rg BT 367.97 566.75 Td (in ) Tj ET Q q 0 0 0 rg BT 377.05 566.75 Td (all ) Tj ET Q q 0 0 0 rg BT 388.35 566.75 Td (material ) Tj ET Q q 0 0 0 rg BT 422.41 566.75 Td (respects. ) Tj ET Q q 0 0 0 rg BT 458.42 566.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 475.28 566.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 496.58 566.75 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 554.75 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 120.91 554.75 Td (an ) Tj ET Q q 0 0 0 rg BT 132.49 554.75 Td (understanding ) Tj ET Q q 0 0 0 rg BT 191.28 554.75 Td (of ) Tj ET Q q 0 0 0 rg BT 201.75 554.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 234.43 554.75 Td (control ) Tj ET Q q 0 0 0 rg BT 264.90 554.75 Td (over ) Tj ET Q q 0 0 0 rg BT 284.80 554.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 321.92 554.75 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 363.22 554.75 Td (assessing ) Tj ET Q q 0 0 0 rg BT 402.58 554.75 Td (the ) Tj ET Q q 0 0 0 rg BT 416.93 554.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 434.07 554.75 Td (that ) Tj ET Q q 0 0 0 rg BT 451.21 554.75 Td (a ) Tj ET Q q 0 0 0 rg BT 457.78 554.75 Td (material ) Tj ET Q q 0 0 0 rg BT 492.68 554.75 Td (weakness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 542.75 Td (exists, ) Tj ET Q q 0 0 0 rg BT 108.71 542.75 Td (and ) Tj ET Q q 0 0 0 rg BT 125.58 542.75 Td (testing ) Tj ET Q q 0 0 0 rg BT 154.68 542.75 Td (and ) Tj ET Q q 0 0 0 rg BT 171.55 542.75 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 215.64 542.75 Td (the ) Tj ET Q q 0 0 0 rg BT 230.29 542.75 Td (design ) Tj ET Q q 0 0 0 rg BT 258.83 542.75 Td (and ) Tj ET Q q 0 0 0 rg BT 275.70 542.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 315.90 542.75 Td (ef) Tj ET Q q 0 0 0 rg BT 323.48 542.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 370.34 542.75 Td (of ) Tj ET Q q 0 0 0 rg BT 381.10 542.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 414.08 542.75 Td (control ) Tj ET Q q 0 0 0 rg BT 444.84 542.75 Td (based ) Tj ET Q q 0 0 0 rg BT 470.04 542.75 Td (on ) Tj ET Q q 0 0 0 rg BT 482.47 542.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.12 542.75 Td (assessed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 530.75 Td (risk. ) Tj ET Q q 0 0 0 rg BT 100.99 530.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 119.04 530.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 141.52 530.75 Td (also ) Tj ET Q q 0 0 0 rg BT 160.12 530.75 Td (included ) Tj ET Q q 0 0 0 rg BT 197.05 530.75 Td (performing ) Tj ET Q q 0 0 0 rg BT 244.52 530.75 Td (such ) Tj ET Q q 0 0 0 rg BT 265.35 530.75 Td (other ) Tj ET Q q 0 0 0 rg BT 288.38 530.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 334.74 530.75 Td (as ) Tj ET Q q 0 0 0 rg BT 345.57 530.75 Td (we ) Tj ET Q q 0 0 0 rg BT 359.72 530.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 405.52 530.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 446.88 530.75 Td (in ) Tj ET Q q 0 0 0 rg BT 457.15 530.75 Td (the ) Tj ET Q q 0 0 0 rg BT 471.86 530.75 Td (circumstances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 518.75 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 518.75 Td (e ) Tj ET Q q 0 0 0 rg BT 96.58 518.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 127.95 518.75 Td (that ) Tj ET Q q 0 0 0 rg BT 145.44 518.75 Td (our ) Tj ET Q q 0 0 0 rg BT 161.27 518.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 183.77 518.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 220.71 518.75 Td (a ) Tj ET Q q 0 0 0 rg BT 227.65 518.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 272.90 518.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 295.40 518.75 Td (for ) Tj ET Q q 0 0 0 rg BT 309.56 518.75 Td (our ) Tj ET Q q 0 0 0 rg BT 325.39 518.75 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 498.75 Td (A) Tj ET Q q 0 0 0 rg BT 87.67 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 91.61 498.75 Td (company) Tj ET Q q 0 0 0 rg BT 131.04 498.75 Td (s ) Tj ET Q q 0 0 0 rg BT 138.87 498.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 173.35 498.75 Td (control ) Tj ET Q q 0 0 0 rg BT 205.62 498.75 Td (over ) Tj ET Q q 0 0 0 rg BT 227.32 498.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 266.24 498.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 306.84 498.75 Td (is ) Tj ET Q q 0 0 0 rg BT 317.44 498.75 Td (a ) Tj ET Q q 0 0 0 rg BT 325.82 498.75 Td (process ) Tj ET Q q 0 0 0 rg BT 359.75 498.75 Td (designed ) Tj ET Q q 0 0 0 rg BT 399.24 498.75 Td (to ) Tj ET Q q 0 0 0 rg BT 410.95 498.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 445.44 498.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 492.13 498.75 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 486.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 121.70 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 136.30 486.75 Td (reliability ) Tj ET Q q 0 0 0 rg BT 177.55 486.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.27 486.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.63 486.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 264.67 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 281.49 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 296.08 486.75 Td (preparation ) Tj ET Q q 0 0 0 rg BT 344.00 486.75 Td (of ) Tj ET Q q 0 0 0 rg BT 354.71 486.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 392.07 486.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 436.67 486.75 Td (for ) Tj ET Q q 0 0 0 rg BT 450.71 486.75 Td (external ) Tj ET Q q 0 0 0 rg BT 485.29 486.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 523.23 486.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 474.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 128.59 474.75 Td (with ) Tj ET Q q 0 0 0 rg BT 149.01 474.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 188.84 474.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 226.45 474.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 272.95 474.75 Td (principles. ) Tj ET Q q 0 0 0 rg BT 316.94 474.75 Td (A) Tj ET Q q 0 0 0 rg BT 323.61 474.75 Td ( ) Tj ET Q q 0 0 0 rg BT 326.24 474.75 Td (company) Tj ET Q q 0 0 0 rg BT 365.67 474.75 Td (s ) Tj ET Q q 0 0 0 rg BT 372.20 474.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 405.37 474.75 Td (control ) Tj ET Q q 0 0 0 rg BT 436.33 474.75 Td (over ) Tj ET Q q 0 0 0 rg BT 456.73 474.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 494.35 474.75 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 462.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 117.50 462.75 Td (those ) Tj ET Q q 0 0 0 rg BT 141.77 462.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 176.05 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 193.66 462.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 240.69 462.75 Td (that ) Tj ET Q q 0 0 0 rg BT 258.86 462.75 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 273.69 462.75 Td (pertain ) Tj ET Q q 0 0 0 rg BT 304.63 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 315.57 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 330.96 462.75 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 384.66 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 396.16 462.75 Td (records ) Tj ET Q q 0 0 0 rg BT 428.76 462.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 449.42 462.75 Td (in ) Tj ET Q q 0 0 0 rg BT 460.37 462.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 506.30 462.75 Td (detail, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 450.75 Td (accurately ) Tj ET Q q 0 0 0 rg BT 124.35 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 141.05 450.75 Td (fairly ) Tj ET Q q 0 0 0 rg BT 164.97 450.75 Td (reflect ) Tj ET Q q 0 0 0 rg BT 192.77 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 207.26 450.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 257.29 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 273.99 450.75 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 324.05 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 334.65 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 349.13 450.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 374.73 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 385.32 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 399.81 450.75 Td (company; ) Tj ET Q q 0 0 0 rg BT 441.51 450.75 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 455.44 450.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 488.25 450.75 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 438.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 122.46 438.75 Td (that ) Tj ET Q q 0 0 0 rg BT 140.05 438.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 190.41 438.75 Td (are ) Tj ET Q q 0 0 0 rg BT 205.21 438.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 242.78 438.75 Td (as ) Tj ET Q q 0 0 0 rg BT 253.70 438.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 295.17 438.75 Td (to ) Tj ET Q q 0 0 0 rg BT 305.54 438.75 Td (permit ) Tj ET Q q 0 0 0 rg BT 334.24 438.75 Td (preparation ) Tj ET Q q 0 0 0 rg BT 382.36 438.75 Td (of ) Tj ET Q q 0 0 0 rg BT 393.29 438.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 430.86 438.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 475.67 438.75 Td (in ) Tj ET Q q 0 0 0 rg BT 486.04 438.75 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 426.75 Td (with ) Tj ET Q q 0 0 0 rg BT 101.10 426.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 140.63 426.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 177.93 426.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 224.13 426.75 Td (principles, ) Tj ET Q q 0 0 0 rg BT 268.39 426.75 Td (and ) Tj ET Q q 0 0 0 rg BT 285.16 426.75 Td (that ) Tj ET Q q 0 0 0 rg BT 302.48 426.75 Td (receipts ) Tj ET Q q 0 0 0 rg BT 335.90 426.75 Td (and ) Tj ET Q q 0 0 0 rg BT 352.66 426.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 406.08 426.75 Td (of ) Tj ET Q q 0 0 0 rg BT 416.74 426.75 Td (the ) Tj ET Q q 0 0 0 rg BT 431.28 426.75 Td (company ) Tj ET Q q 0 0 0 rg BT 470.27 426.75 Td (are ) Tj ET Q q 0 0 0 rg BT 484.80 426.75 Td (being ) Tj ET Q q 0 0 0 rg BT 509.34 426.75 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 414.75 Td (only ) Tj ET Q q 0 0 0 rg BT 101.23 414.75 Td (in ) Tj ET Q q 0 0 0 rg BT 111.47 414.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 158.89 414.75 Td (with ) Tj ET Q q 0 0 0 rg BT 179.12 414.75 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 238.23 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 249.01 414.75 Td (management ) Tj ET Q q 0 0 0 rg BT 302.56 414.75 Td (and ) Tj ET Q q 0 0 0 rg BT 319.45 414.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 356.89 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 367.68 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 382.35 414.75 Td (company; ) Tj ET Q q 0 0 0 rg BT 424.24 414.75 Td (and ) Tj ET Q q 0 0 0 rg BT 441.14 414.75 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 455.25 414.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 488.26 414.75 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 402.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 121.34 402.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 161.14 402.75 Td (prevention ) Tj ET Q q 0 0 0 rg BT 205.38 402.75 Td (or ) Tj ET Q q 0 0 0 rg BT 215.18 402.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 242.21 402.75 Td (detection ) Tj ET Q q 0 0 0 rg BT 280.34 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 290.15 402.75 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 343.83 402.75 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 391.69 402.75 Td (use, ) Tj ET Q q 0 0 0 rg BT 408.99 402.75 Td (or ) Tj ET Q q 0 0 0 rg BT 418.80 402.75 Td (disposition ) Tj ET Q q 0 0 0 rg BT 464.17 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 473.98 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 487.67 402.75 Td (company) Tj ET Q q 0 0 0 rg BT 527.11 402.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 390.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 106.83 390.75 Td (that ) Tj ET Q q 0 0 0 rg BT 124.33 390.75 Td (could ) Tj ET Q q 0 0 0 rg BT 149.04 390.75 Td (have ) Tj ET Q q 0 0 0 rg BT 170.42 390.75 Td (a ) Tj ET Q q 0 0 0 rg BT 177.36 390.75 Td (material ) Tj ET Q q 0 0 0 rg BT 212.62 390.75 Td (ef) Tj ET Q q 0 0 0 rg BT 220.20 390.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 237.69 390.75 Td (on ) Tj ET Q q 0 0 0 rg BT 250.19 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 264.91 390.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.39 390.75 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 370.75 Td (Because ) Tj ET Q q 0 0 0 rg BT 115.73 370.75 Td (of ) Tj ET Q q 0 0 0 rg BT 125.48 370.75 Td (its ) Tj ET Q q 0 0 0 rg BT 136.35 370.75 Td (inherent ) Tj ET Q q 0 0 0 rg BT 170.53 370.75 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 217.22 370.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 249.18 370.75 Td (control ) Tj ET Q q 0 0 0 rg BT 278.93 370.75 Td (over ) Tj ET Q q 0 0 0 rg BT 298.11 370.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 334.51 370.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 372.58 370.75 Td (may ) Tj ET Q q 0 0 0 rg BT 391.22 370.75 Td (not ) Tj ET Q q 0 0 0 rg BT 405.41 370.75 Td (prevent ) Tj ET Q q 0 0 0 rg BT 436.81 370.75 Td (or ) Tj ET Q q 0 0 0 rg BT 446.56 370.75 Td (detect ) Tj ET Q q 0 0 0 rg BT 471.85 370.75 Td (misstatements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 358.75 Td (Also, ) Tj ET Q q 0 0 0 rg BT 105.83 358.75 Td (projections ) Tj ET Q q 0 0 0 rg BT 153.69 358.75 Td (of ) Tj ET Q q 0 0 0 rg BT 165.46 358.75 Td (any ) Tj ET Q q 0 0 0 rg BT 183.33 358.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 228.41 358.75 Td (of ) Tj ET Q q 0 0 0 rg BT 240.18 358.75 Td (ef) Tj ET Q q 0 0 0 rg BT 247.77 358.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 295.62 358.75 Td (to ) Tj ET Q q 0 0 0 rg BT 306.84 358.75 Td (future ) Tj ET Q q 0 0 0 rg BT 334.15 358.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 367.02 358.75 Td (are ) Tj ET Q q 0 0 0 rg BT 382.66 358.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 414.42 358.75 Td (to ) Tj ET Q q 0 0 0 rg BT 425.63 358.75 Td (the ) Tj ET Q q 0 0 0 rg BT 441.28 358.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 459.72 358.75 Td (that ) Tj ET Q q 0 0 0 rg BT 478.15 358.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 513.80 358.75 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 346.75 Td (become ) Tj ET Q q 0 0 0 rg BT 113.36 346.75 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 157.94 346.75 Td (because ) Tj ET Q q 0 0 0 rg BT 190.86 346.75 Td (of ) Tj ET Q q 0 0 0 rg BT 200.46 346.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 233.93 346.75 Td (in ) Tj ET Q q 0 0 0 rg BT 242.98 346.75 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 288.42 346.75 Td (or ) Tj ET Q q 0 0 0 rg BT 298.02 346.75 Td (that ) Tj ET Q q 0 0 0 rg BT 314.28 346.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.77 346.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 355.68 346.75 Td (of ) Tj ET Q q 0 0 0 rg BT 365.28 346.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 412.64 346.75 Td (with ) Tj ET Q q 0 0 0 rg BT 431.69 346.75 Td (the ) Tj ET Q q 0 0 0 rg BT 445.17 346.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 477.55 346.75 Td (or ) Tj ET Q q 0 0 0 rg BT 487.15 346.75 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 334.75 Td (may ) Tj ET Q q 0 0 0 rg BT 100.72 334.75 Td (deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 314.75 Td (In ) Tj ET Q q 0 0 0 rg BT 90.83 314.75 Td (our ) Tj ET Q q 0 0 0 rg BT 105.66 314.75 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 140.21 314.75 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 172.82 314.75 Td (& ) Tj ET Q q 0 0 0 rg BT 182.10 314.75 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 220.80 314.75 Td (Life ) Tj ET Q q 0 0 0 rg BT 238.96 314.75 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 287.38 314.75 Td (in ) Tj ET Q q 0 0 0 rg BT 296.66 314.75 Td (all ) Tj ET Q q 0 0 0 rg BT 308.15 314.75 Td (material ) Tj ET Q q 0 0 0 rg BT 342.41 314.75 Td (respects, ) Tj ET Q q 0 0 0 rg BT 378.62 314.75 Td (ef) Tj ET Q q 0 0 0 rg BT 386.20 314.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 414.90 314.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 446.94 314.75 Td (control ) Tj ET Q q 0 0 0 rg BT 476.77 314.75 Td (over ) Tj ET Q q 0 0 0 rg BT 496.03 314.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 302.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 121.12 302.75 Td (as ) Tj ET Q q 0 0 0 rg BT 132.92 302.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.71 302.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 205.94 302.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.94 302.75 Td (, ) Tj ET Q q 0 0 0 rg BT 231.91 302.75 Td (based ) Tj ET Q q 0 0 0 rg BT 258.14 302.75 Td (on ) Tj ET Q q 0 0 0 rg BT 271.61 302.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 303.38 302.75 Td (established ) Tj ET Q q 0 0 0 rg BT 351.28 302.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 362.53 302.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 398.21 302.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 421.18 302.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 432.42 302.75 Td (- ) Tj ET Q q 0 0 0 rg BT 439.22 302.75 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 484.34 302.75 Td (Framework ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 290.75 Td (\(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.66 290.75 Td ( ) Tj ET Q q 0 0 0 rg BT 110.16 290.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 137.66 290.75 Td (by ) Tj ET Q q 0 0 0 rg BT 150.16 290.75 Td (the ) Tj ET Q q 0 0 0 rg BT 164.88 290.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 211.82 290.75 Td (of ) Tj ET Q q 0 0 0 rg BT 222.65 290.75 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 270.71 290.75 Td (Or) Tj ET Q q 0 0 0 rg BT 281.08 290.75 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 329.12 290.75 Td (of ) Tj ET Q q 0 0 0 rg BT 339.95 290.75 Td (the ) Tj ET Q q 0 0 0 rg BT 354.49 290.75 Td (T) Tj ET Q q 0 0 0 rg BT 360.24 290.75 Td (readway ) Tj ET Q q 0 0 0 rg BT 396.61 290.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 449.68 290.75 Td (\(COSO\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 270.75 Td (W) Tj ET Q q 0 0 0 rg BT 89.64 270.75 Td (e ) Tj ET Q q 0 0 0 rg BT 95.56 270.75 Td (also ) Tj ET Q q 0 0 0 rg BT 113.16 270.75 Td (have ) Tj ET Q q 0 0 0 rg BT 133.52 270.75 Td (audited, ) Tj ET Q q 0 0 0 rg BT 166.94 270.75 Td (in ) Tj ET Q q 0 0 0 rg BT 176.20 270.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 222.65 270.75 Td (with ) Tj ET Q q 0 0 0 rg BT 241.91 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 255.62 270.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 294.87 270.75 Td (of ) Tj ET Q q 0 0 0 rg BT 304.69 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 318.39 270.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 345.43 270.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 385.48 270.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 433.62 270.75 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 474.54 270.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 500.47 270.75 Td (\(United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 258.75 Td (States\), ) Tj ET Q q 0 0 0 rg BT 113.74 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 128.99 258.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 182.55 258.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 216.11 258.75 Td (sheets ) Tj ET Q q 0 0 0 rg BT 243.58 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 254.93 258.75 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 289.07 258.75 Td (& ) Tj ET Q q 0 0 0 rg BT 299.88 258.75 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 340.11 258.75 Td (Life ) Tj ET Q q 0 0 0 rg BT 359.79 258.75 Td (and ) Tj ET Q q 0 0 0 rg BT 377.26 258.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 427.50 258.75 Td (as ) Tj ET Q q 0 0 0 rg BT 438.86 258.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.21 258.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 511.00 258.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 246.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 246.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 246.75 Td (, ) Tj ET Q q 0 0 0 rg BT 127.06 246.75 Td (and ) Tj ET Q q 0 0 0 rg BT 146.06 246.75 Td (the ) Tj ET Q q 0 0 0 rg BT 162.84 246.75 Td (related ) Tj ET Q q 0 0 0 rg BT 194.60 246.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 249.70 246.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 296.48 246.75 Td (of ) Tj ET Q q 0 0 0 rg BT 309.37 246.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 358.08 246.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 423.18 246.75 Td (income ) Tj ET Q q 0 0 0 rg BT 457.17 246.75 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 486.46 246.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.22 246.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 234.75 Td (shareholders) Tj ET Q q 0 0 0 rg BT 134.13 234.75 Td ( ) Tj ET Q q 0 0 0 rg BT 136.44 234.75 Td (equity) Tj ET Q q 0 0 0 rg BT 160.79 234.75 Td (, ) Tj ET Q q 0 0 0 rg BT 165.60 234.75 Td (and ) Tj ET Q q 0 0 0 rg BT 182.35 234.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 202.44 234.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 226.97 234.75 Td (for ) Tj ET Q q 0 0 0 rg BT 240.95 234.75 Td (each ) Tj ET Q q 0 0 0 rg BT 261.58 234.75 Td (of ) Tj ET Q q 0 0 0 rg BT 272.22 234.75 Td (the ) Tj ET Q q 0 0 0 rg BT 286.75 234.75 Td (years ) Tj ET Q q 0 0 0 rg BT 310.17 234.75 Td (in ) Tj ET Q q 0 0 0 rg BT 320.26 234.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.79 234.75 Td (three-year ) Tj ET Q q 0 0 0 rg BT 377.63 234.75 Td (period ) Tj ET Q q 0 0 0 rg BT 405.49 234.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.68 234.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 491.76 234.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.76 234.75 Td (, ) Tj ET Q q 0 0 0 rg BT 516.57 234.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 222.75 Td (our ) Tj ET Q q 0 0 0 rg BT 96.46 222.75 Td (report ) Tj ET Q q 0 0 0 rg BT 122.46 222.75 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.24 222.75 Td (November21, ) Tj ET Q q 0 0 0 rg BT 205.57 222.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.57 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 227.70 222.75 Td (expressed ) Tj ET Q q 0 0 0 rg BT 269.25 222.75 Td (an ) Tj ET Q q 0 0 0 rg BT 280.81 222.75 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 328.48 222.75 Td (opinion ) Tj ET Q q 0 0 0 rg BT 361.16 222.75 Td (on ) Tj ET Q q 0 0 0 rg BT 373.29 222.75 Td (those ) Tj ET Q q 0 0 0 rg BT 396.52 222.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 449.19 222.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 486.30 222.75 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.60 176.05 Td (/s/ KPMG LLP) Tj ET Q q 0 0 0 rg BT 336.35 176.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 150.55 Td (Baltimore, Maryland) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 134.05 Td (November21, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.71 134.05 Td ( ) Tj ET Q endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 29.10 Td (F-4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.35 744.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 233.32 744.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 304.06 744.75 Td ( LIFE ) Tj ET Q q 0 0 0 rg BT 331.85 744.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.40 732.75 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 279.22 732.75 Td (TED BALANCE SHEETS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 241.65 720.75 Td (\(In millions, except share data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 679.25 326.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 679.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 679.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 679.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 656.25 326.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 656.25 60.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 656.25 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 656.25 60.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 622.25 326.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 622.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 622.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 622.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 598.25 326.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 598.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 598.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 598.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 575.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 575.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 575.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 575.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 553.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 553.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 553.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 553.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 531.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 531.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 531.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 531.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 509.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 509.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 509.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 509.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 487.25 326.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 487.25 60.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 487.25 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 487.25 60.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 465.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 465.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 465.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 465.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 443.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 443.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 443.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 443.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 421.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 421.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 421.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 421.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 399.25 326.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 399.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 399.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 399.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 376.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 376.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 376.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 376.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 354.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 354.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 354.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 354.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 332.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 332.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 332.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 332.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 310.25 326.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 310.25 60.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 310.25 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 310.25 60.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 272.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 272.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 272.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 272.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 250.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 250.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 250.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 250.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 228.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 228.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 228.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 228.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 206.25 326.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 206.25 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 206.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 206.25 60.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 691.25 m 466.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 691.25 m 530.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 586.25 m 466.5 586.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 586.25 m 530.5 586.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 575.25 m 466.5 575.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 575.25 m 530.5 575.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 498.25 m 466.5 498.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 488.25 m 466.5 488.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 486.25 m 466.5 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 498.25 m 530.5 498.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 488.25 m 530.5 488.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 486.25 m 530.5 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 365.25 m 466.5 365.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 365.25 m 530.5 365.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 365.25 m 466.5 365.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 354.25 m 466.5 354.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 365.25 m 530.5 365.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 354.25 m 530.5 354.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 228.25 m 466.5 228.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 228.25 m 530.5 228.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 217.25 m 466.5 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 207.25 m 466.5 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 205.25 m 466.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 217.25 m 530.5 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 207.25 m 530.5 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 205.25 m 530.5 205.25 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 414.65 702.31 Td (September 30,) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 429.00 695.31 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 478.65 702.31 Td (September 30,) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 493.00 695.31 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 671.31 Td (ASSETS) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 659.90 Td (Investments:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 648.90 Td (Fixed maturity securities, available-for-sale, at fair value \(amortized cost: September 30, 2016 - $18,521;) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 641.90 Td (September 30, 2015 - $17,622\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.00 643.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.40 643.30 Td (19,411) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.00 643.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.40 643.30 Td (17,746) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 631.90 Td (Equity securities, available-for-sale, at fair value \(amortized cost: September 30, 2016 - $640; September 30,) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 624.90 Td (2015 - $597\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 626.30 Td (683) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 626.30 Td (620) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 614.30 Td (Derivative investments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 614.30 Td (276) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 614.30 Td (82) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 602.30 Td (Commercial mortgage loans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 602.30 Td (595) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 602.30 Td (491) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 590.30 Td (Other invested assets) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.65 590.30 Td (60) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 590.30 Td (155) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 578.90 Td (Total investments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.40 578.90 Td (21,025) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.40 578.90 Td (19,094) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 567.90 Td (Related party loans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.65 567.90 Td (71) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 567.90 Td (78) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 556.90 Td (Cash and cash equivalents) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 556.90 Td (864) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 556.90 Td (502) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 545.90 Td (Accrued investment income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 545.90 Td (214) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 545.90 Td (191) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 534.90 Td (Reinsurance recoverable) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.90 534.90 Td (3,464) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 534.90 Td (3,579) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 523.90 Td (Intangibles, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.90 523.90 Td (1,026) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 523.90 Td (988) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 512.90 Td (Deferred tax assets) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.65 512.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 512.90 Td (228) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 501.90 Td (Other assets) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 501.90 Td (371) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 501.90 Td (265) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 107.00 491.01 Td (Total assets) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.00 490.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.40 490.90 Td (27,035) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.00 490.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.40 490.90 Td (24,925) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 469.31 Td (LIABILITIES AND SHAREHOLDERS' EQUITY) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 446.90 Td (Contractholder funds) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.00 446.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.40 446.90 Td (19,251) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.00 446.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.40 446.90 Td (17,770) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 435.90 Td (Future policy benefits) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.90 435.90 Td (3,467) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 435.90 Td (3,468) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 424.90 Td (Funds withheld for reinsurance liabilities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.90 424.90 Td (1,172) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 424.90 Td (1,267) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 413.90 Td (Liability for policy and contract claims) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.65 413.90 Td (55) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 413.90 Td (55) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 402.90 Td (Debt) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 402.90 Td (300) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 402.90 Td (300) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 391.30 Td (Revolving credit facility) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 391.30 Td (100) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 391.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 379.90 Td (Deferred tax liability) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.65 379.90 Td (10) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 379.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 368.90 Td (Other liabilities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 368.90 Td (746) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 368.90 Td (563) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 107.00 358.01 Td (Total liabilities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.40 357.90 Td (25,101) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.40 357.90 Td (23,423) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 336.01 Td (Commitments and contingencies \("Note 12"\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 313.90 Td ( Shareholders' equity:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 302.30 Td (Preferred stock \($.01 par value, 50,000,000 shares authorized, no shares issued at September 30, 2016 and) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 295.30 Td (September 30, 2015\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.65 295.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 295.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 283.30 Td (Common stock \($.01 par value, 500,000,000 shares authorized, 58,956,127 issued and outstanding at) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 276.30 Td (September 30, 2016; 58,870,823 shares issued and outstanding at September 30, 2015\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 460.15 276.30 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 276.30 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 264.90 Td (Additional paid-in capital) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 264.90 Td (714) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 264.90 Td (714) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 253.90 Td (Retained earnings) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 253.90 Td (792) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 253.90 Td (710) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 242.90 Td (Accumulated other comprehensive income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.15 242.90 Td (439) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 242.90 Td (88) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 231.90 Td (Treasury stock, at cost \(537,613 shares at September 30, 2016; 512,391 shares at September 30, 2015\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 454.30 231.95 Td (\(12) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.65 231.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 231.95 Td (\(11) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 231.90 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 107.00 221.01 Td (Total shareholders' equity) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.90 220.90 Td (1,934) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 220.90 Td (1,502) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 107.00 210.01 Td (Total liabilities and shareholders' equity) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.00 209.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.40 209.90 Td (27,035) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.00 209.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.40 209.90 Td (24,925) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.55 171.75 Td (See accompanying notes to consolidated financial statements.) Tj ET Q endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 38.10 Td (F-5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.35 735.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 233.32 735.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 304.06 735.75 Td ( LIFE ) Tj ET Q q 0 0 0 rg BT 331.85 735.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.15 723.75 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.97 723.75 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.52 723.75 Td (A) Tj ET Q q 0 0 0 rg BT 290.00 723.75 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.92 723.75 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 391.68 723.75 Td (TIONS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 241.65 711.75 Td (\(In millions, except share data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 638.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 638.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 638.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 638.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 638.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 638.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 614.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 614.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 614.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 614.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 614.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 614.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 590.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 590.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 590.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 590.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 590.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 590.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 566.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 566.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 566.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 566.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 566.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 566.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 542.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 542.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 542.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 542.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 542.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 542.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 518.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 518.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 518.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 518.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 518.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 518.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 494.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 494.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 494.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 494.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 494.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 494.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 470.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 470.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 470.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 470.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 470.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 470.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 446.25 316.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 446.25 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 446.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 446.25 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 446.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 446.25 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 423.25 316.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 423.25 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 423.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 423.25 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 423.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 423.25 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 400.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 400.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 400.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 400.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 400.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 400.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 376.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 376.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 376.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 376.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 376.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 376.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 352.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 352.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 352.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 352.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 352.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 352.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 321.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 321.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 321.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 321.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 321.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 321.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 297.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 297.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 297.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 297.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 297.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 297.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 273.25 316.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 273.25 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 273.25 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 273.25 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 273.25 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 273.25 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 242.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 242.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 242.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 242.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 242.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 242.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 218.25 316.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 218.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 218.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 218.25 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 218.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 218.25 42.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 669.25 m 438.5 669.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 669.25 m 442.5 669.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 669.25 m 484.5 669.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 669.25 m 488.5 669.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 669.25 m 530.5 669.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 669.25 m 438.5 669.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 650.25 m 438.5 650.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 669.25 m 484.5 669.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 650.25 m 484.5 650.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 669.25 m 530.5 669.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 650.25 m 530.5 650.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 578.25 m 438.5 578.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 566.25 m 438.5 566.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 578.25 m 484.5 578.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 566.25 m 484.5 566.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 578.25 m 530.5 578.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 566.25 m 530.5 566.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 518.25 m 438.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 518.25 m 484.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 518.25 m 530.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 518.25 m 438.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 506.25 m 438.5 506.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 518.25 m 484.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 506.25 m 484.5 506.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 518.25 m 530.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 506.25 m 530.5 506.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 506.25 m 530.5 506.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 482.25 m 438.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 482.25 m 484.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 482.25 m 530.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 458.25 m 438.5 458.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 447.25 m 438.5 447.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 445.25 m 438.5 445.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 458.25 m 484.5 458.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 447.25 m 484.5 447.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 445.25 m 484.5 445.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 458.25 m 530.5 458.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 447.25 m 530.5 447.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 445.25 m 530.5 445.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 254.25 m 438.5 254.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 254.25 m 484.5 254.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 254.25 m 530.5 254.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 218.25 m 438.5 218.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 207.25 m 438.5 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 205.25 m 438.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 218.25 m 484.5 218.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 207.25 m 484.5 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 205.25 m 484.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 218.25 m 530.5 218.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 207.25 m 530.5 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 205.25 m 530.5 205.25 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 424.00 673.31 Td (Year ended September 30,) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 410.00 654.31 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 456.00 654.31 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 502.00 654.31 Td (2014) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 630.31 Td (Revenues:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 618.30 Td (Premiums) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 399.00 618.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 427.65 618.30 Td (70) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 445.00 618.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 474.65 618.30 Td (58) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 491.00 618.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 618.30 Td (56) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 606.30 Td (Net investment income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 424.15 606.30 Td (923) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.15 606.30 Td (851) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 606.30 Td (760) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 594.30 Td (Net investment gains \(losses\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 427.65 594.30 Td (19) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 472.30 594.35 Td (\(37) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 481.65 594.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 594.30 Td (307) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 582.30 Td (Insurance and investment product fees and other) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 424.15 582.30 Td (127) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 474.65 582.30 Td (89) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 582.30 Td (68) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 570.30 Td (Total revenues) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 418.90 570.30 Td (1,139) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.15 570.30 Td (961) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 570.30 Td (1,191) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 558.31 Td (Benefits and expenses:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 546.30 Td (Benefits and other changes in policy reserves) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 424.15 546.30 Td (791) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.15 546.30 Td (578) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 546.30 Td (788) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 534.30 Td (Acquisition and operating expenses, net of deferrals) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 424.15 534.30 Td (119) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.15 534.30 Td (113) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 534.30 Td (102) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 522.30 Td (Amortization of intangibles) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 427.65 522.30 Td (54) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 474.65 522.30 Td (64) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 522.30 Td (89) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 510.30 Td ( Total benefits and expenses) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 424.15 510.30 Td (964) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.15 510.30 Td (755) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 510.30 Td (979) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 498.30 Td (Operating income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 424.15 498.30 Td (175) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.15 498.30 Td (206) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 498.30 Td (212) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 486.30 Td (Interest expense) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 425.30 486.35 Td (\(22) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 434.65 486.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 472.30 486.35 Td (\(24) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 481.65 486.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 486.35 Td (\(23) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 486.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 474.30 Td (Income before income taxes) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 424.15 474.30 Td (153) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.15 474.30 Td (182) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 474.30 Td (189) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 462.30 Td (Income tax expense) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 427.65 462.30 Td (56) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 474.65 462.30 Td (64) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 462.30 Td (26) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 107.00 450.31 Td ( Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 399.00 450.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 427.65 450.30 Td (97) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 445.00 450.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.15 450.30 Td (118) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 491.00 450.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 450.30 Td (163) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 427.30 Td (Net income per common share - adjusted to reflect stock split:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 404.30 Td (Basic) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 399.00 404.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 422.40 404.30 Td (1.67) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 445.00 404.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 469.40 404.30 Td (2.03) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 491.00 404.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 515.40 404.30 Td (2.91) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 392.30 Td (Diluted) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 399.00 392.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 422.40 392.30 Td (1.66) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 445.00 392.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 469.40 392.30 Td (2.02) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 491.00 392.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 515.40 392.30 Td (2.90) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 380.30 Td (Weighted average common shares used in computing net income per common share:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 368.30 Td (Basic) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 403.10 368.30 Td (58,275,013) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 450.10 368.30 Td (58,117,884) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 496.10 368.30 Td (55,969,912) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 356.30 Td (Diluted) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 403.10 356.30 Td (58,578,163) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 450.10 356.30 Td (58,360,841) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 496.10 356.30 Td (56,011,436) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 80.00 325.30 Td (Cash dividend per common share) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 399.00 325.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 422.40 325.30 Td (0.26) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 445.00 325.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 469.40 325.30 Td (0.26) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 491.00 325.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 515.40 325.30 Td (1.11) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 289.31 Td (Supplemental disclosures) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 277.30 Td (Total other-than-temporary impairments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 399.00 277.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 425.30 277.35 Td (\(45) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 434.65 277.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 445.00 277.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 472.30 277.35 Td (\(82) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 481.65 277.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 491.00 277.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 521.80 277.35 Td (\(1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 277.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 258.30 Td (Portion of other-than-temporary impairments included in other comprehensive income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 428.80 258.35 Td (\(1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 434.65 258.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 474.65 258.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 258.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 246.30 Td (Net other-than-temporary impairments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 425.30 246.35 Td (\(44) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 434.65 246.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 472.30 246.35 Td (\(82) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 481.65 246.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 521.80 246.35 Td (\(1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 246.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 234.30 Td (Gains \(losses\) on derivatives and embedded derivatives) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 427.65 234.30 Td (33) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 475.80 234.35 Td (\(8) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 481.65 234.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 234.30 Td (206) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 222.30 Td (Other investment gains) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 427.65 222.30 Td (30) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 474.65 222.30 Td (53) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 222.30 Td (102) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 89.00 210.31 Td ( Total net investment gains) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 399.00 210.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 427.65 210.30 Td (19) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 445.00 210.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 472.30 210.35 Td (\(37) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 481.65 210.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 491.00 210.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 210.30 Td (307) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.55 162.75 Td (See accompanying notes to consolidated financial statements.) Tj ET Q endstream endobj 215 0 obj <>] /Rotate 0 /Contents 216 0 R>> endobj 216 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 38.10 Td (F-6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.35 735.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 233.32 735.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 304.06 735.75 Td ( LIFE ) Tj ET Q q 0 0 0 rg BT 331.85 735.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.40 723.75 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 197.22 723.75 Td (TED ST) Tj ET Q q 0 0 0 rg BT 231.78 723.75 Td (A) Tj ET Q q 0 0 0 rg BT 238.25 723.75 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 303.17 723.75 Td ( COMPREHENSIVE INCOME \(LOSS\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 280.00 711.75 Td (\(In millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 653.25 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 653.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 653.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 653.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 653.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 653.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 628.25 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 628.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 628.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 628.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 628.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 628.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 604.25 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 604.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 604.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 604.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 604.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 604.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 580.25 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 580.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 580.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 580.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 580.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 580.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 556.25 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 556.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 556.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 556.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 556.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 556.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 532.25 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 532.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 532.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 532.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 532.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 532.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 508.25 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 508.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 508.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 508.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 508.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 508.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 484.25 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 484.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 484.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 484.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 484.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 484.25 43.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 684.25 m 434.5 684.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 684.25 m 438.5 684.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 684.25 m 481.5 684.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 684.25 m 485.5 684.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 684.25 m 528.5 684.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 684.25 m 434.5 684.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 665.25 m 434.5 665.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 684.25 m 438.5 684.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 684.25 m 481.5 684.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 665.25 m 481.5 665.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 684.25 m 528.5 684.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 665.25 m 528.5 665.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 580.25 m 434.5 580.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 580.25 m 481.5 580.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 580.25 m 528.5 580.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 580.25 m 528.5 580.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 544.25 m 434.5 544.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 544.25 m 481.5 544.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 544.25 m 528.5 544.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 544.25 m 434.5 544.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 532.25 m 434.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 544.25 m 481.5 544.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 532.25 m 481.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 544.25 m 528.5 544.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 532.25 m 528.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 508.25 m 434.5 508.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 496.25 m 434.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 508.25 m 481.5 508.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 496.25 m 481.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 508.25 m 528.5 508.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 496.25 m 528.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 484.25 m 434.5 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 484.25 m 481.5 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 484.25 m 528.5 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 473.25 m 434.5 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 471.25 m 434.5 471.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 473.25 m 481.5 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 471.25 m 481.5 471.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 473.25 m 528.5 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 471.25 m 528.5 471.25 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 420.50 688.31 Td (Year ended September 30,) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 405.50 669.31 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 452.50 669.31 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 499.50 669.31 Td (2014) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 85.00 645.30 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 394.00 645.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 424.65 645.30 Td (97) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 441.00 645.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 468.15 645.30 Td (118) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 488.00 645.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 515.15 645.30 Td (163) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 85.00 620.30 Td (Other comprehensive income \(loss\):) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 97.00 608.30 Td (Unrealized investment gains \(losses\):) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 109.00 596.30 Td (Change in unrealized investment gains \(losses\) before reclassification adjustment) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 421.15 596.30 Td (788) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 465.80 596.35 Td (\(650) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 478.65 596.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 515.15 596.30 Td (622) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 109.00 584.30 Td (Net reclassification adjustment for losses \(gains\) included in net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 428.15 584.30 Td (9) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.65 584.30 Td (29) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.80 584.35 Td (\(101) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 525.65 584.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 109.00 572.30 Td (Changes in unrealized investment gains \(losses\) after reclassification adjustment) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 421.15 572.30 Td (797) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 465.80 572.35 Td (\(621) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 478.65 572.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 515.15 572.30 Td (521) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 109.00 560.30 Td (Adjustments to intangible assets) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 418.80 560.35 Td (\(258) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 431.65 560.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 468.15 560.30 Td (220) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.80 560.35 Td (\(157) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 525.65 560.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 109.00 548.30 Td (Changes in deferred income tax asset/liability) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 418.80 548.35 Td (\(187) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 431.65 548.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 468.15 548.30 Td (140) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.80 548.35 Td (\(128) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 525.65 548.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 121.00 536.30 Td (Net unrealized gains \(losses\) on investments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 421.15 536.30 Td (352) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 465.80 536.35 Td (\(261) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 478.65 536.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 515.15 536.30 Td (236) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 97.00 524.30 Td (Non-credit related other-than-temporary impairment:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 109.00 512.30 Td (Changes in non-credit related other-than-temporary impairment) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 425.80 512.35 Td (\(1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 431.65 512.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.65 512.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.65 512.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 121.00 500.30 Td (Net non-credit related other than-temporary impairment) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 425.80 500.35 Td (\(1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 431.65 500.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.65 500.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.65 500.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 85.00 488.30 Td (Net changes to derive comprehensive income \(loss\) for the period) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 421.15 488.30 Td (351) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 465.80 488.35 Td (\(261) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 478.65 488.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 515.15 488.30 Td (236) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 85.00 476.30 Td (Comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 394.00 476.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 421.15 476.30 Td (448) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 441.00 476.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 465.80 476.35 Td (\(143) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 478.65 476.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 488.00 476.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 515.15 476.30 Td (399) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.55 443.75 Td (See accompanying notes to consolidated financial statements.) Tj ET Q endstream endobj 217 0 obj <>] /Rotate 0 /Contents 218 0 R>> endobj 218 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 38.10 Td (F-7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.35 735.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 233.32 735.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 304.06 735.75 Td ( LIFE ) Tj ET Q q 0 0 0 rg BT 331.85 735.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.20 723.75 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 185.02 723.75 Td (TED ST) Tj ET Q q 0 0 0 rg BT 219.57 723.75 Td (A) Tj ET Q q 0 0 0 rg BT 226.05 723.75 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 290.97 723.75 Td ( CHANGES IN SHAREHOLDERS' EQUITY) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 280.00 711.75 Td (\(In millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 634.25 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 634.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 634.25 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 634.25 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 634.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 634.25 57.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 634.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 634.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 634.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 634.25 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 634.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 634.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 634.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 634.25 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 610.25 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 610.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 610.25 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 610.25 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 610.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 610.25 57.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 610.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 610.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 610.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 610.25 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 610.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 610.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 610.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 610.25 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 579.25 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 579.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 579.25 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 579.25 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 579.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 579.25 57.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 579.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 579.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 579.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 579.25 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 579.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 579.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 579.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 579.25 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 555.25 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 555.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 555.25 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 555.25 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 555.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 555.25 57.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 555.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 555.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 555.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 555.25 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 555.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 555.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 555.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 555.25 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 531.25 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 531.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 531.25 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 531.25 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 531.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 531.25 57.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 531.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 531.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 531.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 531.25 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 531.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 531.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 531.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 531.25 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 507.25 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 507.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 507.25 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 507.25 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 507.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 507.25 57.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 507.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 507.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 507.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 507.25 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 507.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 507.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 507.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 507.25 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 483.25 110.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 483.25 35.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 483.25 6.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 483.25 36.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 483.25 5.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 483.25 57.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 483.25 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 483.25 35.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 483.25 5.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 483.25 53.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 483.25 5.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 483.25 43.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 483.25 5.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 483.25 51.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 452.25 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 452.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 452.25 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 452.25 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 452.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 452.25 57.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 452.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 452.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 452.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 452.25 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 452.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 452.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 452.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 452.25 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 428.25 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 428.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 428.25 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 428.25 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 428.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 428.25 57.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 428.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 428.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 428.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 428.25 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 428.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 428.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 428.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 428.25 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 404.25 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 404.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 404.25 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 404.25 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 404.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 404.25 57.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 404.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 404.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 404.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 404.25 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 404.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 404.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 404.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 404.25 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 374.25 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 374.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 374.25 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 374.25 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 374.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 374.25 57.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 374.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 374.25 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 374.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 374.25 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 374.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 374.25 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 374.25 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 374.25 51.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 649.25 m 190.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 649.25 m 225.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 649.25 m 267.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 649.25 m 329.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 649.25 m 368.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 649.25 m 426.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 649.25 m 474.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 649.25 m 530.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 543.25 m 225.5 543.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 543.25 m 267.5 543.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 543.25 m 329.5 543.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 543.25 m 368.5 543.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 543.25 m 426.5 543.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 543.25 m 474.5 543.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 543.25 m 530.5 543.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 452.25 m 225.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 452.25 m 267.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 452.25 m 329.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 452.25 m 368.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 452.25 m 426.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 452.25 m 474.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 452.25 m 530.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 362.25 m 225.5 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 351.25 m 225.5 351.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 349.25 m 225.5 349.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 362.25 m 267.5 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 351.25 m 267.5 351.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 349.25 m 267.5 349.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 362.25 m 329.5 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 351.25 m 329.5 351.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 349.25 m 329.5 349.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 362.25 m 368.5 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 351.25 m 368.5 351.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 349.25 m 368.5 349.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 362.25 m 426.5 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 351.25 m 426.5 351.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 349.25 m 426.5 349.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 362.25 m 474.5 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 351.25 m 474.5 351.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 349.25 m 474.5 349.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 362.25 m 530.5 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 351.25 m 530.5 351.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 349.25 m 530.5 349.25 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 193.05 660.31 Td (Preferred) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 199.10 653.31 Td (Stock) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 235.15 660.31 Td (Common) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 240.60 653.31 Td (Stock) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 275.70 660.31 Td (Additional Paid-) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 285.60 653.31 Td (in Capital) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 337.05 660.31 Td (Retained) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 336.85 653.31 Td (Earnings) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 379.65 674.31 Td (Accumulated ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 390.60 667.31 Td (Other) Tj ET Q q 0 0 0 rg BT 408.36 667.31 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 376.20 660.31 Td (Compr) Tj ET Q q 0 0 0 rg BT 397.46 660.31 Td (ehensive ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 378.40 653.31 Td (Income \(Loss\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 439.00 660.31 Td (Treasury) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 444.10 653.31 Td (Stock) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 496.80 667.31 Td (Total) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 483.75 660.31 Td (Shareholders') Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 494.35 653.31 Td (Equity) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 626.31 Td (Balance, September) Tj ET Q q 0 0 0 rg BT 142.36 626.31 Td ( 30, 2013) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.00 626.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 626.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.00 626.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 626.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 275.00 626.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 316.15 626.30 Td (527) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 336.00 626.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 355.15 626.30 Td (499) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 376.00 626.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 413.15 626.30 Td (113) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 434.00 626.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 626.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 482.00 626.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 626.30 Td (1,139) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 614.30 Td (Dividends) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 614.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 614.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 614.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 356.30 614.35 Td (\(55) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.65 614.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 614.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 614.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 614.35 Td (\(55) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 614.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 602.30 Td (Stock split) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 602.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 261.15 602.30 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 320.80 602.30 Td (\(1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 326.65 602.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 602.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 602.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 602.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 602.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 590.30 Td (Proceeds from issuance of common) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 583.30 Td (stock, net of transaction fees) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 583.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 583.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 316.15 583.30 Td (173) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 583.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 583.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 583.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 583.30 Td (173) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 571.30 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 571.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 571.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 571.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 355.15 571.30 Td (163) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 571.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 571.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 571.30 Td (163) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 559.30 Td (Unrealized investment gains, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 559.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 559.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 559.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 559.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 413.15 559.30 Td (236) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 559.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 559.30 Td (236) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 547.30 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 547.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 547.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 323.15 547.30 Td (3) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 547.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 547.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 547.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 547.30 Td (3) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 535.31 Td (Balance, September) Tj ET Q q 0 0 0 rg BT 142.36 535.31 Td ( 30, 2014) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.00 535.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 535.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.00 535.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 261.15 535.30 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 275.00 535.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 316.15 535.30 Td (702) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 336.00 535.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 355.15 535.30 Td (607) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 376.00 535.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 413.15 535.30 Td (349) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 434.00 535.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 535.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 482.00 535.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 535.30 Td (1,659) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 523.30 Td (Treasury shares purchased) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 523.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 523.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 523.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 523.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 523.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 462.30 523.35 Td (\(11) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.65 523.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 523.35 Td (\(11) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 523.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 511.30 Td (Dividends) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 511.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 511.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 511.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 356.30 511.35 Td (\(15) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.65 511.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 511.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 511.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 511.35 Td (\(15) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 511.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 499.30 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 499.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 499.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 499.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 355.15 499.30 Td (118) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 499.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 499.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 499.30 Td (118) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 487.30 Td (Unrealized investment losses, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 487.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 487.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 487.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 487.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 410.80 487.35 Td (\(261) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 423.65 487.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 487.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 514.80 487.35 Td (\(261) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 487.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 475.30 Td (Common stock issued under) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 468.30 Td (employee plans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 468.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 468.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 323.15 468.30 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 468.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 468.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 468.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 468.30 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 456.30 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 456.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 456.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 456.30 Td (10) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 456.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 456.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 456.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 456.30 Td (10) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 444.31 Td (Balance, September) Tj ET Q q 0 0 0 rg BT 142.36 444.31 Td ( 30, 2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.00 444.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 444.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.00 444.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 261.15 444.30 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 275.00 444.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 316.15 444.30 Td (714) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 336.00 444.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 355.15 444.30 Td (710) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 376.00 444.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 444.30 Td (88) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 434.00 444.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 462.30 444.35 Td (\(11) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.65 444.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 482.00 444.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 444.30 Td (1,502) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 432.30 Td (Treasury shares purchased) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 432.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 432.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 432.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 432.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 432.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 465.80 432.35 Td (\(1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.65 432.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 521.80 432.35 Td (\(1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 432.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 420.30 Td (Dividends) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 420.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 420.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 420.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 356.30 420.35 Td (\(15) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.65 420.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 420.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 420.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 420.35 Td (\(15) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 420.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 408.30 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 408.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 408.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 408.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 408.30 Td (97) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 408.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 408.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 408.30 Td (97) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 396.30 Td (Unrealized investment gains, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 396.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 396.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 319.65 396.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 396.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 413.15 396.30 Td (351) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 396.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 396.30 Td (351) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 384.90 Td (Common stock issued under) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 377.90 Td (employee plans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 378.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 378.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 323.15 378.30 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 378.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 378.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 378.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 378.30 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 366.30 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 366.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.65 366.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 320.80 366.30 Td (\(2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 326.65 366.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.65 366.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.65 366.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.65 366.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 521.80 366.35 Td (\(2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 366.30 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 354.31 Td (Balance, September) Tj ET Q q 0 0 0 rg BT 142.36 354.31 Td ( 30, 2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.00 354.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 215.65 354.30 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.00 354.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 261.15 354.30 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 275.00 354.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 316.15 354.30 Td (714) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 336.00 354.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 355.15 354.30 Td (792) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 376.00 354.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 413.15 354.30 Td (439) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 434.00 354.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 462.30 354.35 Td (\(12) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 471.65 354.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 482.00 354.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 354.30 Td (1,934) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.55 311.75 Td (See accompanying notes to consolidated financial statements.) Tj ET Q endstream endobj 219 0 obj <>] /Rotate 0 /Contents 220 0 R>> endobj 220 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 38.10 Td (F-8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.35 735.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 233.32 735.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 304.06 735.75 Td ( LIFE ) Tj ET Q q 0 0 0 rg BT 331.85 735.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.65 718.75 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.47 718.75 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.02 718.75 Td (A) Tj ET Q q 0 0 0 rg BT 289.50 718.75 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.42 718.75 Td ( CASH FLOWS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 280.00 701.75 Td (\(In millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 658.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 658.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 658.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 658.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 658.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 658.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 634.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 634.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 634.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 634.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 634.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 634.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 610.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 610.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 610.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 610.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 610.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 610.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 586.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 586.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 586.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 586.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 586.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 586.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 562.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 562.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 562.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 562.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 562.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 562.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 538.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 538.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 538.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 538.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 538.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 538.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 514.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 514.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 514.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 514.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 514.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 514.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 490.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 490.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 490.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 490.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 490.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 490.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 467.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 467.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 467.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 467.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 467.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 467.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 443.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 443.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 443.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 443.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 443.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 443.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 419.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 419.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 419.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 419.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 419.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 419.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 395.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 395.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 395.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 395.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 395.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 395.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 371.25 292.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 371.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 371.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 371.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 371.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 371.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 348.25 292.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 348.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 348.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 348.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 348.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 348.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 326.25 292.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 326.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 326.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 326.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 326.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 326.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 304.25 292.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 304.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 304.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 304.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 304.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 304.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 282.25 292.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 282.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 282.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 282.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 282.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 282.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 260.25 292.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 260.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 260.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 260.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 260.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 260.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 237.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 237.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 237.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 237.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 237.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 237.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 214.25 292.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 214.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 214.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 214.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 214.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 214.25 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 190.25 292.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 190.25 50.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 190.25 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 190.25 50.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 190.25 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 190.25 50.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 172.25 292.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 172.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 172.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 172.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 172.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 172.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 150.25 292.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 150.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 150.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 150.25 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 150.25 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 150.25 50.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 679.25 m 422.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 679.25 m 426.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 679.25 m 476.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 679.25 m 480.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 679.25 m 530.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 679.25 m 422.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 667.25 m 422.5 667.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 679.25 m 476.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 667.25 m 476.5 667.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 679.25 m 530.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 667.25 m 530.5 667.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 467.25 m 422.5 467.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 455.25 m 422.5 455.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 467.25 m 476.5 467.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 455.25 m 476.5 455.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 467.25 m 530.5 467.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 455.25 m 530.5 455.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 348.25 m 422.5 348.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 337.25 m 422.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 348.25 m 476.5 348.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 337.25 m 476.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 348.25 m 530.5 348.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 337.25 m 530.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 237.25 m 422.5 237.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 225.25 m 422.5 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 237.25 m 476.5 237.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 225.25 m 476.5 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 237.25 m 530.5 237.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 225.25 m 530.5 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 202.25 m 422.5 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 202.25 m 476.5 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 202.25 m 530.5 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 191.25 m 422.5 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 189.25 m 422.5 189.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 191.25 m 476.5 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 189.25 m 476.5 189.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 191.25 m 530.5 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 189.25 m 530.5 189.25 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 412.00 683.31 Td (Year ended September 30,) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 390.00 671.31 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 444.00 671.31 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 498.00 671.31 Td (2014) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 650.31 Td (Cash flows from operating activities:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 638.30 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 375.00 638.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 638.30 Td (97) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 429.00 638.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.15 638.30 Td (118) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 483.00 638.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 638.30 Td (163) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 626.30 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 614.30 Td (Stock based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.15 614.30 Td (8) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 470.15 614.30 Td (7) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 614.30 Td (8) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 602.30 Td (Amortization) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 410.30 602.35 Td (\(40) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 602.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.30 602.35 Td (\(60) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 602.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 602.35 Td (\(35) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 602.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 590.30 Td (Deferred income taxes) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 590.30 Td (51) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 590.30 Td (50) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 590.35 Td (\(25) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 590.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 578.30 Td (Interest credited/index credits to contractholder account balances) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.15 578.30 Td (632) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.15 578.30 Td (420) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 578.30 Td (659) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 566.30 Td (Net recognized \(gains\) losses on investments and derivatives) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 410.30 566.35 Td (\(19) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 566.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 566.30 Td (37) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 514.80 566.35 Td (\(307) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 566.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 554.30 Td (Charges assessed to contractholders for mortality and administration) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 406.80 554.35 Td (\(103) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 554.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.30 554.35 Td (\(68) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 554.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 554.35 Td (\(45) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 554.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 542.30 Td (Deferred policy acquisition costs, net of related amortization) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 406.80 542.35 Td (\(296) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 542.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 460.80 542.35 Td (\(253) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 542.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 514.80 542.35 Td (\(149) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 542.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 530.30 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 101.00 518.30 Td ( Reinsurance recoverable) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 413.80 518.35 Td (\(2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 518.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 518.30 Td (46) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 518.35 Td (\(16) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 518.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 101.00 506.30 Td ( Future policy benefits) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 413.80 506.35 Td (\(1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 506.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.30 506.35 Td (\(36) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 506.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 506.35 Td (\(53) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 506.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 494.30 Td ( Funds withheld from reinsurers) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 410.30 494.35 Td (\(89) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 494.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.30 494.35 Td (\(62) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 494.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 514.80 494.35 Td (\(101) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 494.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.00 482.30 Td ( Collateral posted \(returned\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.15 482.30 Td (111) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 460.80 482.35 Td (\(128) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 482.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 482.30 Td (64) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 101.00 470.90 Td ( Other assets and other liabilities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 470.90 Td (16) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.30 470.95 Td (\(36) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 470.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 470.90 Td (11) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 107.00 459.31 Td (Net cash provided by operating activities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.15 459.30 Td (365) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 459.30 Td (35) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 459.30 Td (174) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 447.31 Td (Cash flows from investing activities:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 435.30 Td (Proceeds from available-for-sale investments sold, matured or repaid) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 403.90 435.30 Td (2,264) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.90 435.30 Td (4,947) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 435.30 Td (5,084) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 423.30 Td (Proceeds from derivatives instruments and other invested assets) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.15 423.30 Td (246) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.15 423.30 Td (439) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 423.30 Td (518) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 411.30 Td (Proceeds from commercial mortgage loans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 411.30 Td (35) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.15 411.30 Td (139) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 411.30 Td (17) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 399.30 Td (Cost of available-for) Tj ET Q q 0 0 0 rg BT 152.78 399.30 Td (-sale investments ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 401.55 399.35 Td (\(3,359) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 399.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 455.55 399.35 Td (\(5,746) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 399.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 509.55 399.35 Td (\(6,775) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 399.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 387.30 Td (Costs of derivatives instruments and other invested assets) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 406.80 387.35 Td (\(266) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 387.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 460.80 387.35 Td (\(296) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 387.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 514.80 387.35 Td (\(367) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 387.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 375.30 Td (Costs of commercial mortgage loans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 410.30 375.35 Td (\(99) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 375.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 460.80 375.35 Td (\(535) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 375.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 514.80 375.35 Td (\(133) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 375.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 363.90 Td (Related party loans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.15 363.90 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 363.90 Td (35) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 363.90 Td (6) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 352.30 Td (Capital expenditures) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 413.80 352.35 Td (\(8) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 352.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.80 352.35 Td (\(7) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 352.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 521.80 352.35 Td (\(9) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 352.30 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 107.00 341.01 Td (Net cash \(used in\) investing activities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 401.55 340.95 Td (\(1,186) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 340.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 455.55 340.95 Td (\(1,024) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 340.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 509.55 340.95 Td (\(1,659) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 340.90 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 330.01 Td (Cash flows from financing activities:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 318.90 Td (Treasury stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 413.80 318.95 Td (\(1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 318.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.30 318.95 Td (\(11) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 318.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 318.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 307.90 Td (Proceeds from issuance of common stock, net of transaction fees) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 307.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 307.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 307.90 Td (176) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 296.90 Td (Common stock issued under employee plans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.15 296.90 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 470.15 296.90 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 296.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 285.90 Td (Debt issuance costs) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 285.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 285.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 521.80 285.95 Td (\(4) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 285.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 274.90 Td (Draw on revolving credit facility) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.15 274.90 Td (100) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 274.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 274.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 263.90 Td (Dividends paid) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 410.30 263.95 Td (\(15) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 263.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.30 263.95 Td (\(15) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 263.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.30 263.95 Td (\(55) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 263.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 252.90 Td (Contractholder account deposits) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 403.90 252.90 Td (2,780) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.90 252.90 Td (2,503) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 252.90 Td (2,365) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 241.30 Td (Contractholder account withdrawals) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 401.55 241.35 Td (\(1,683) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 241.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 455.55 241.35 Td (\(1,564) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 241.30 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 509.55 241.35 Td (\(1,625) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 241.30 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 107.00 229.31 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 141.09 229.31 Td (ovided by financing activities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 403.90 229.30 Td (1,183) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.15 229.30 Td (915) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 229.30 Td (857) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 95.00 218.01 Td (Change in cash & cash equivalents) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.15 217.90 Td (362) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.30 217.95 Td (\(74) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.65 217.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 514.80 217.95 Td (\(628) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 527.65 217.90 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 83.00 206.30 Td (Cash & cash equivalents, beginning of period) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.15 206.30 Td (502) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.15 206.30 Td (576) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 511.90 206.30 Td (1,204) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 194.31 Td (Cash & cash equivalents, end of period) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 375.00 194.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 409.15 194.30 Td (864) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 429.00 194.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.15 194.30 Td (502) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 483.00 194.30 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.15 194.30 Td (576) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 83.00 176.31 Td (Supplemental disclosures of cash flow information:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 164.90 Td (Interest paid) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 375.00 164.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 164.90 Td (19) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 429.00 164.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 164.90 Td (19) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 483.00 164.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 164.90 Td (19) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 153.90 Td (Income taxes paid) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 375.00 153.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 416.15 153.90 Td (7) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 429.00 153.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 153.90 Td (38) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 483.00 153.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.65 153.90 Td (34) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 95.00 142.90 Td (Deferred sales inducements) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 375.00 142.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 142.90 Td (27) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 429.00 142.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 466.65 142.90 Td (26) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 483.00 142.90 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 524.15 142.90 Td (7) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.55 115.75 Td (See accompanying notes to consolidated financial statements.) Tj ET Q endstream endobj 221 0 obj <>] /Rotate 0 /Contents 222 0 R>> endobj 222 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 38.10 Td (F-9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.35 735.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 233.32 735.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 304.06 735.75 Td ( LIFE ) Tj ET Q q 0 0 0 rg BT 331.85 735.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.30 718.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 211.52 718.75 Td (T) Tj ET Q q 0 0 0 rg BT 218.01 718.75 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.11 718.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.29 718.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 381.28 718.75 Td (A) Tj ET Q q 0 0 0 rg BT 387.76 718.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 668.35 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 95.16 668.35 Td (Basis ) Tj ET Q q 0 0 0 rg BT 119.89 668.35 Td (of ) Tj ET Q q 0 0 0 rg BT 130.72 668.35 Td (Pr) Tj ET Q q 0 0 0 rg BT 141.09 668.35 Td (esentation ) Tj ET Q q 0 0 0 rg BT 186.92 668.35 Td (and ) Tj ET Q q 0 0 0 rg BT 205.54 668.35 Td (Natur) Tj ET Q q 0 0 0 rg BT 230.91 668.35 Td (e ) Tj ET Q q 0 0 0 rg BT 237.85 668.35 Td (of ) Tj ET Q q 0 0 0 rg BT 248.68 668.35 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 649.35 Td (Fidelity& ) Tj ET Q q 0 0 0 rg BT 144.83 649.35 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 186.48 649.35 Td (Life ) Tj ET Q q 0 0 0 rg BT 207.58 649.35 Td (\(formerly) Tj ET Q q 0 0 0 rg BT 245.25 649.35 Td (, ) Tj ET Q q 0 0 0 rg BT 252.19 649.35 Td (Harbinger ) Tj ET Q q 0 0 0 rg BT 297.17 649.35 Td (F&G, ) Tj ET Q q 0 0 0 rg BT 324.68 649.35 Td (LLC ) Tj ET Q q 0 0 0 rg BT 348.01 649.35 Td (\(HFG\)\) ) Tj ET Q q 0 0 0 rg BT 391.32 649.35 Td (\(FGL ) Tj ET Q q 0 0 0 rg BT 426.86 649.35 Td (and, ) Tj ET Q q 0 0 0 rg BT 448.24 649.35 Td (collectively ) Tj ET Q q 0 0 0 rg BT 499.33 649.35 Td (with ) Tj ET Q q 0 0 0 rg BT 521.55 649.35 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 637.35 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 132.68 637.35 Td (the ) Tj ET Q q 0 0 0 rg BT 146.85 637.35 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 199.91 637.35 Td (is ) Tj ET Q q 0 0 0 rg BT 208.54 637.35 Td (a ) Tj ET Q q 0 0 0 rg BT 214.93 637.35 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 258.00 637.35 Td (of ) Tj ET Q q 0 0 0 rg BT 268.29 637.35 Td (HRG ) Tj ET Q q 0 0 0 rg BT 291.36 637.35 Td (Group ) Tj ET Q q 0 0 0 rg BT 318.87 637.35 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 336.10 637.35 Td (\(formerly) Tj ET Q q 0 0 0 rg BT 373.77 637.35 Td (, ) Tj ET Q q 0 0 0 rg BT 378.23 637.35 Td (Harbinger ) Tj ET Q q 0 0 0 rg BT 420.72 637.35 Td (Group ) Tj ET Q q 0 0 0 rg BT 448.24 637.35 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 465.46 637.35 Td (\(HRG\)\). ) Tj ET Q q 0 0 0 rg BT 509.90 637.35 Td (HRG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 625.35 Td (is ) Tj ET Q q 0 0 0 rg BT 90.12 625.35 Td (a ) Tj ET Q q 0 0 0 rg BT 97.01 625.35 Td (diversified ) Tj ET Q q 0 0 0 rg BT 142.23 625.35 Td (holding ) Tj ET Q q 0 0 0 rg BT 175.24 625.35 Td (company ) Tj ET Q q 0 0 0 rg BT 214.35 625.35 Td (focused ) Tj ET Q q 0 0 0 rg BT 247.90 625.35 Td (on ) Tj ET Q q 0 0 0 rg BT 260.35 625.35 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 300.58 625.35 Td (controlling ) Tj ET Q q 0 0 0 rg BT 346.91 625.35 Td (equity ) Tj ET Q q 0 0 0 rg BT 374.36 625.35 Td (stakes ) Tj ET Q q 0 0 0 rg BT 401.25 625.35 Td (in ) Tj ET Q q 0 0 0 rg BT 411.48 625.35 Td (companies ) Tj ET Q q 0 0 0 rg BT 456.70 625.35 Td (that ) Tj ET Q q 0 0 0 rg BT 474.15 625.35 Td (operate ) Tj ET Q q 0 0 0 rg BT 506.02 625.35 Td (across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 613.35 Td (a ) Tj ET Q q 0 0 0 rg BT 88.18 613.35 Td (diversified ) Tj ET Q q 0 0 0 rg BT 133.69 613.35 Td (set ) Tj ET Q q 0 0 0 rg BT 147.54 613.35 Td (of ) Tj ET Q q 0 0 0 rg BT 158.61 613.35 Td (industries. ) Tj ET Q q 0 0 0 rg BT 202.74 613.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 221.26 613.35 Td ( ) Tj ET Q q 0 0 0 rg BT 224.01 613.35 Td (and ) Tj ET Q q 0 0 0 rg BT 241.19 613.35 Td (HRG) Tj ET Q q 0 0 0 rg BT 265.08 613.35 Td (s ) Tj ET Q q 0 0 0 rg BT 271.71 613.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 299.45 613.35 Td (of ) Tj ET Q q 0 0 0 rg BT 310.52 613.35 Td (common ) Tj ET Q q 0 0 0 rg BT 348.26 613.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 372.11 613.35 Td (trade ) Tj ET Q q 0 0 0 rg BT 394.84 613.35 Td (on ) Tj ET Q q 0 0 0 rg BT 407.58 613.35 Td (the ) Tj ET Q q 0 0 0 rg BT 422.54 613.35 Td (New ) Tj ET Q q 0 0 0 rg BT 443.76 613.35 Td (Y) Tj ET Q q 0 0 0 rg BT 449.98 613.35 Td (ork ) Tj ET Q q 0 0 0 rg BT 466.05 613.35 Td (Stock ) Tj ET Q q 0 0 0 rg BT 491.58 613.35 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 601.35 Td (\(NYSE\) ) Tj ET Q q 0 0 0 rg BT 126.42 601.35 Td (under ) Tj ET Q q 0 0 0 rg BT 152.95 601.35 Td (the ) Tj ET Q q 0 0 0 rg BT 168.93 601.35 Td (symbols ) Tj ET Q q 0 0 0 rg BT 206.03 601.35 Td (FGL ) Tj ET Q q 0 0 0 rg BT 237.57 601.35 Td (and ) Tj ET Q q 0 0 0 rg BT 255.77 601.35 Td (HRG, ) Tj ET Q q 0 0 0 rg BT 292.03 601.35 Td (respectively) Tj ET Q q 0 0 0 rg BT 339.69 601.35 Td (. ) Tj ET Q q 0 0 0 rg BT 345.95 601.35 Td (In ) Tj ET Q q 0 0 0 rg BT 358.05 601.35 Td (January ) Tj ET Q q 0 0 0 rg BT 392.91 601.35 Td (of ) Tj ET Q q 0 0 0 rg BT 405.00 601.35 Td (2014, ) Tj ET Q q 0 0 0 rg BT 431.27 601.35 Td (HRG ) Tj ET Q q 0 0 0 rg BT 456.15 601.35 Td (transferred ) Tj ET Q q 0 0 0 rg BT 503.22 601.35 Td (HRG) Tj ET Q q 0 0 0 rg BT 527.11 601.35 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 589.35 Td (ownership ) Tj ET Q q 0 0 0 rg BT 125.44 589.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 157.66 589.35 Td (in ) Tj ET Q q 0 0 0 rg BT 168.21 589.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 186.73 589.35 Td ( ) Tj ET Q q 0 0 0 rg BT 189.52 589.35 Td (common ) Tj ET Q q 0 0 0 rg BT 227.29 589.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 255.06 589.35 Td (to ) Tj ET Q q 0 0 0 rg BT 265.62 589.35 Td (FS ) Tj ET Q q 0 0 0 rg BT 279.53 589.35 Td (Holdco ) Tj ET Q q 0 0 0 rg BT 311.74 589.35 Td (II, ) Tj ET Q q 0 0 0 rg BT 323.69 589.35 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 342.85 589.35 Td (\("FS ) Tj ET Q q 0 0 0 rg BT 364.17 589.35 Td (Holdco"\) ) Tj ET Q q 0 0 0 rg BT 403.80 589.35 Td (which ) Tj ET Q q 0 0 0 rg BT 431.02 589.35 Td (is ) Tj ET Q q 0 0 0 rg BT 440.47 589.35 Td (a ) Tj ET Q q 0 0 0 rg BT 447.69 589.35 Td (direct ) Tj ET Q q 0 0 0 rg BT 473.23 589.35 Td (wholly-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 577.35 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 123.51 577.35 Td (of ) Tj ET Q q 0 0 0 rg BT 133.24 577.35 Td (HRG. ) Tj ET Q q 0 0 0 rg BT 158.26 577.35 Td (HRG ) Tj ET Q q 0 0 0 rg BT 180.78 577.35 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 220.50 577.35 Td (holds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.57 577.35 Td (47,000 ) Tj ET Q q 0 0 0 rg BT 272.48 577.35 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.58 577.35 Td ( ) Tj ET Q q 0 0 0 rg BT 309.99 577.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 336.38 577.35 Td (of ) Tj ET Q q 0 0 0 rg BT 346.11 577.35 Td (FGL's ) Tj ET Q q 0 0 0 rg BT 372.10 577.35 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 420.17 577.35 Td (common ) Tj ET Q q 0 0 0 rg BT 456.57 577.35 Td (stock, ) Tj ET Q q 0 0 0 rg BT 481.58 577.35 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 565.35 Td (an ) Tj ET Q q 0 0 0 rg BT 92.94 565.35 Td (approximate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.42 565.35 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.75 565.35 Td ( ) Tj ET Q q 0 0 0 rg BT 166.25 565.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 198.18 565.35 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.90 565.35 Td (September30, ) Tj ET Q q 0 0 0 rg BT 268.16 565.35 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.16 565.35 Td (. ) Tj ET Q q 0 0 0 rg BT 293.16 565.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 546.35 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 127.05 546.35 Td (amounts ) Tj ET Q q 0 0 0 rg BT 163.43 546.35 Td (in ) Tj ET Q q 0 0 0 rg BT 173.71 546.35 Td (the ) Tj ET Q q 0 0 0 rg BT 188.43 546.35 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 249.24 546.35 Td (footnotes ) Tj ET Q q 0 0 0 rg BT 288.96 546.35 Td (are ) Tj ET Q q 0 0 0 rg BT 303.66 546.35 Td (presented ) Tj ET Q q 0 0 0 rg BT 344.48 546.35 Td (in ) Tj ET Q q 0 0 0 rg BT 354.76 546.35 Td (millions, ) Tj ET Q q 0 0 0 rg BT 392.54 546.35 Td (unless ) Tj ET Q q 0 0 0 rg BT 420.04 546.35 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 461.42 546.35 Td (noted. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 522.35 Td (On ) Tj ET Q q 0 0 0 rg BT 115.20 522.35 Td (November ) Tj ET Q q 0 0 0 rg BT 161.39 522.35 Td (8, ) Tj ET Q q 0 0 0 rg BT 172.86 522.35 Td (2015, ) Tj ET Q q 0 0 0 rg BT 199.34 522.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 217.86 522.35 Td ( ) Tj ET Q q 0 0 0 rg BT 221.84 522.35 Td (entered ) Tj ET Q q 0 0 0 rg BT 255.24 522.35 Td (into ) Tj ET Q q 0 0 0 rg BT 274.78 522.35 Td (an ) Tj ET Q q 0 0 0 rg BT 287.32 522.35 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 335.72 522.35 Td (and ) Tj ET Q q 0 0 0 rg BT 354.14 522.35 Td (Plan ) Tj ET Q q 0 0 0 rg BT 375.89 522.35 Td (of ) Tj ET Q q 0 0 0 rg BT 388.20 522.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 404.68 522.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 421.43 522.35 Td (\( ) Tj ET Q q 0 0 0 rg BT 428.74 522.35 Td (as ) Tj ET Q q 0 0 0 rg BT 441.05 522.35 Td (amended ) Tj ET Q q 0 0 0 rg BT 481.12 522.35 Td (the ) Tj ET Q q 0 0 0 rg BT 497.31 522.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.23 522.35 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 510.35 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 132.43 510.35 Td (and ) Tj ET Q q 0 0 0 rg BT 149.43 510.35 Td (the ) Tj ET Q q 0 0 0 rg BT 164.22 510.35 Td (mer) Tj ET Q q 0 0 0 rg BT 179.58 510.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 194.92 510.35 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 251.35 510.35 Td (thereby) Tj ET Q q 0 0 0 rg BT 280.69 510.35 Td (, ) Tj ET Q q 0 0 0 rg BT 285.75 510.35 Td (the ) Tj ET Q q 0 0 0 rg BT 300.53 510.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 321.45 510.35 Td (ger\), ) Tj ET Q q 0 0 0 rg BT 347.05 510.35 Td (by ) Tj ET Q q 0 0 0 rg BT 359.62 510.35 Td (and ) Tj ET Q q 0 0 0 rg BT 376.63 510.35 Td (among ) Tj ET Q q 0 0 0 rg BT 406.41 510.35 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 429.80 510.35 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 464.02 510.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 505.46 510.35 Td (Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 498.35 Td (Co., ) Tj ET Q q 0 0 0 rg BT 99.84 498.35 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 120.89 498.35 Td (a ) Tj ET Q q 0 0 0 rg BT 127.50 498.35 Td (joint-stock ) Tj ET Q q 0 0 0 rg BT 172.44 498.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 212.92 498.35 Td (company ) Tj ET Q q 0 0 0 rg BT 251.75 498.35 Td (established ) Tj ET Q q 0 0 0 rg BT 298.35 498.35 Td (in ) Tj ET Q q 0 0 0 rg BT 308.29 498.35 Td (the ) Tj ET Q q 0 0 0 rg BT 322.68 498.35 Td (People) Tj ET Q q 0 0 0 rg BT 352.67 498.35 Td (s ) Tj ET Q q 0 0 0 rg BT 358.73 498.35 Td (Republic ) Tj ET Q q 0 0 0 rg BT 397.01 498.35 Td (of ) Tj ET Q q 0 0 0 rg BT 407.50 498.35 Td (China ) Tj ET Q q 0 0 0 rg BT 433.56 498.35 Td (\(Anbang\), ) Tj ET Q q 0 0 0 rg BT 484.95 498.35 Td (AB ) Tj ET Q q 0 0 0 rg BT 501.00 498.35 Td (Infinity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 486.35 Td (Holding, ) Tj ET Q q 0 0 0 rg BT 118.40 486.35 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 138.29 486.35 Td (a ) Tj ET Q q 0 0 0 rg BT 144.85 486.35 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 185.27 486.35 Td (corporation ) Tj ET Q q 0 0 0 rg BT 233.49 486.35 Td (and ) Tj ET Q q 0 0 0 rg BT 250.05 486.35 Td (a ) Tj ET Q q 0 0 0 rg BT 256.61 486.35 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 316.50 486.35 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 359.72 486.35 Td (of ) Tj ET Q q 0 0 0 rg BT 369.71 486.35 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 403.49 486.35 Td (\(AB ) Tj ET Q q 0 0 0 rg BT 427.27 486.35 Td (Infinity\), ) Tj ET Q q 0 0 0 rg BT 469.65 486.35 Td (and ) Tj ET Q q 0 0 0 rg BT 485.74 486.35 Td (AB ) Tj ET Q q 0 0 0 rg BT 501.76 486.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.23 486.35 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 474.35 Td (Sub, ) Tj ET Q q 0 0 0 rg BT 101.54 474.35 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 121.80 474.35 Td (a ) Tj ET Q q 0 0 0 rg BT 128.72 474.35 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 169.51 474.35 Td (corporation ) Tj ET Q q 0 0 0 rg BT 218.08 474.35 Td (and ) Tj ET Q q 0 0 0 rg BT 235.00 474.35 Td (a ) Tj ET Q q 0 0 0 rg BT 241.93 474.35 Td (newly ) Tj ET Q q 0 0 0 rg BT 268.85 474.35 Td (formed, ) Tj ET Q q 0 0 0 rg BT 302.71 474.35 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 362.96 474.35 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 406.55 474.35 Td (of ) Tj ET Q q 0 0 0 rg BT 416.81 474.35 Td (AB ) Tj ET Q q 0 0 0 rg BT 433.19 474.35 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 465.67 474.35 Td (\(Mer) Tj ET Q q 0 0 0 rg BT 489.92 474.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 505.17 474.35 Td (Sub\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 462.35 Td (which ) Tj ET Q q 0 0 0 rg BT 107.37 462.35 Td (was ) Tj ET Q q 0 0 0 rg BT 124.85 462.35 Td (amended ) Tj ET Q q 0 0 0 rg BT 162.88 462.35 Td (on ) Tj ET Q q 0 0 0 rg BT 174.81 462.35 Td (November ) Tj ET Q q 0 0 0 rg BT 218.95 462.35 Td (3, ) Tj ET Q q 0 0 0 rg BT 228.38 462.35 Td (2016, ) Tj ET Q q 0 0 0 rg BT 252.81 462.35 Td (to ) Tj ET Q q 0 0 0 rg BT 262.52 462.35 Td (extend ) Tj ET Q q 0 0 0 rg BT 291.10 462.35 Td (the ) Tj ET Q q 0 0 0 rg BT 305.25 462.35 Td (outside ) Tj ET Q q 0 0 0 rg BT 336.07 462.35 Td (termination ) Tj ET Q q 0 0 0 rg BT 384.10 462.35 Td (date ) Tj ET Q q 0 0 0 rg BT 402.69 462.35 Td (for ) Tj ET Q q 0 0 0 rg BT 416.28 462.35 Td (the ) Tj ET Q q 0 0 0 rg BT 430.43 462.35 Td (completion ) Tj ET Q q 0 0 0 rg BT 477.35 462.35 Td (of ) Tj ET Q q 0 0 0 rg BT 487.61 462.35 Td (the ) Tj ET Q q 0 0 0 rg BT 501.76 462.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 518.24 462.35 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 450.35 Td (from ) Tj ET Q q 0 0 0 rg BT 102.94 450.35 Td (November ) Tj ET Q q 0 0 0 rg BT 147.65 450.35 Td (7, ) Tj ET Q q 0 0 0 rg BT 157.65 450.35 Td (2016 ) Tj ET Q q 0 0 0 rg BT 180.15 450.35 Td (to ) Tj ET Q q 0 0 0 rg BT 190.42 450.35 Td (February ) Tj ET Q q 0 0 0 rg BT 229.02 450.35 Td (8, ) Tj ET Q q 0 0 0 rg BT 239.02 450.35 Td (2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 426.35 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 136.57 426.35 Td (to ) Tj ET Q q 0 0 0 rg BT 146.92 426.35 Td (the ) Tj ET Q q 0 0 0 rg BT 161.70 426.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 178.18 426.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 192.95 426.35 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 242.44 426.35 Td (at ) Tj ET Q q 0 0 0 rg BT 252.23 426.35 Td (the ) Tj ET Q q 0 0 0 rg BT 267.01 426.35 Td (ef) Tj ET Q q 0 0 0 rg BT 274.60 426.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 304.37 426.35 Td (time ) Tj ET Q q 0 0 0 rg BT 324.71 426.35 Td (of ) Tj ET Q q 0 0 0 rg BT 335.61 426.35 Td (the ) Tj ET Q q 0 0 0 rg BT 350.40 426.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 366.88 426.35 Td (ger) Tj ET Q q 0 0 0 rg BT 379.24 426.35 Td (, ) Tj ET Q q 0 0 0 rg BT 384.31 426.35 Td (each ) Tj ET Q q 0 0 0 rg BT 405.20 426.35 Td (issued ) Tj ET Q q 0 0 0 rg BT 432.76 426.35 Td (and ) Tj ET Q q 0 0 0 rg BT 449.77 426.35 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 499.00 426.35 Td (share ) Tj ET Q q 0 0 0 rg BT 522.67 426.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 414.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 414.35 Td ( ) Tj ET Q q 0 0 0 rg BT 101.74 414.35 Td (common ) Tj ET Q q 0 0 0 rg BT 138.95 414.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 162.28 414.35 Td (will ) Tj ET Q q 0 0 0 rg BT 180.06 414.35 Td (be ) Tj ET Q q 0 0 0 rg BT 191.72 414.35 Td (canceled ) Tj ET Q q 0 0 0 rg BT 228.91 414.35 Td (and ) Tj ET Q q 0 0 0 rg BT 245.56 414.35 Td (converted ) Tj ET Q q 0 0 0 rg BT 287.21 414.35 Td (automatically ) Tj ET Q q 0 0 0 rg BT 343.85 414.35 Td (into ) Tj ET Q q 0 0 0 rg BT 361.63 414.35 Td (the ) Tj ET Q q 0 0 0 rg BT 376.06 414.35 Td (right ) Tj ET Q q 0 0 0 rg BT 397.17 414.35 Td (to ) Tj ET Q q 0 0 0 rg BT 407.16 414.35 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.25 414.35 Td ($26.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.75 414.35 Td ( ) Tj ET Q q 0 0 0 rg BT 467.97 414.35 Td (in ) Tj ET Q q 0 0 0 rg BT 477.96 414.35 Td (cash, ) Tj ET Q q 0 0 0 rg BT 500.45 414.35 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 402.35 Td (interest, ) Tj ET Q q 0 0 0 rg BT 114.71 402.35 Td (other ) Tj ET Q q 0 0 0 rg BT 137.02 402.35 Td (than ) Tj ET Q q 0 0 0 rg BT 156.01 402.35 Td (any ) Tj ET Q q 0 0 0 rg BT 172.22 402.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 198.98 402.35 Td (of ) Tj ET Q q 0 0 0 rg BT 209.08 402.35 Td (common ) Tj ET Q q 0 0 0 rg BT 245.85 402.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 268.73 402.35 Td (owned ) Tj ET Q q 0 0 0 rg BT 297.16 402.35 Td (by ) Tj ET Q q 0 0 0 rg BT 308.93 402.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 327.46 402.35 Td ( ) Tj ET Q q 0 0 0 rg BT 329.23 402.35 Td (as ) Tj ET Q q 0 0 0 rg BT 339.33 402.35 Td (treasury ) Tj ET Q q 0 0 0 rg BT 373.31 402.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 396.19 402.35 Td (or ) Tj ET Q q 0 0 0 rg BT 406.29 402.35 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 446.94 402.35 Td (or ) Tj ET Q q 0 0 0 rg BT 457.04 402.35 Td (owned ) Tj ET Q q 0 0 0 rg BT 485.47 402.35 Td (by ) Tj ET Q q 0 0 0 rg BT 496.85 402.35 Td (Anbang, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 390.35 Td (AB ) Tj ET Q q 0 0 0 rg BT 97.35 390.35 Td (Infinity ) Tj ET Q q 0 0 0 rg BT 129.80 390.35 Td (or ) Tj ET Q q 0 0 0 rg BT 140.59 390.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 157.07 390.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 172.30 390.35 Td (Sub ) Tj ET Q q 0 0 0 rg BT 190.32 390.35 Td (\(which ) Tj ET Q q 0 0 0 rg BT 220.55 390.35 Td (will ) Tj ET Q q 0 0 0 rg BT 238.56 390.35 Td (be ) Tj ET Q q 0 0 0 rg BT 250.46 390.35 Td (canceled ) Tj ET Q q 0 0 0 rg BT 287.89 390.35 Td (and ) Tj ET Q q 0 0 0 rg BT 304.78 390.35 Td (no ) Tj ET Q q 0 0 0 rg BT 317.24 390.35 Td (payment ) Tj ET Q q 0 0 0 rg BT 354.13 390.35 Td (will ) Tj ET Q q 0 0 0 rg BT 372.15 390.35 Td (be ) Tj ET Q q 0 0 0 rg BT 384.05 390.35 Td (made ) Tj ET Q q 0 0 0 rg BT 408.16 390.35 Td (with ) Tj ET Q q 0 0 0 rg BT 428.40 390.35 Td (respect ) Tj ET Q q 0 0 0 rg BT 459.17 390.35 Td (thereto\), ) Tj ET Q q 0 0 0 rg BT 495.22 390.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 522.67 390.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 378.35 Td (common ) Tj ET Q q 0 0 0 rg BT 119.04 378.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 143.20 378.35 Td (granted ) Tj ET Q q 0 0 0 rg BT 176.24 378.35 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 213.72 378.35 Td (to ) Tj ET Q q 0 0 0 rg BT 224.55 378.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 242.53 378.35 Td () Tj ET Q q 0 0 0 rg BT 245.30 378.35 Td (s ) Tj ET Q q 0 0 0 rg BT 252.25 378.35 Td (employee ) Tj ET Q q 0 0 0 rg BT 294.17 378.35 Td (equity ) Tj ET Q q 0 0 0 rg BT 322.21 378.35 Td (award ) Tj ET Q q 0 0 0 rg BT 349.69 378.35 Td (plan ) Tj ET Q q 0 0 0 rg BT 369.96 378.35 Td (and ) Tj ET Q q 0 0 0 rg BT 387.44 378.35 Td (those ) Tj ET Q q 0 0 0 rg BT 411.60 378.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 439.64 378.35 Td (of ) Tj ET Q q 0 0 0 rg BT 451.02 378.35 Td (common ) Tj ET Q q 0 0 0 rg BT 489.06 378.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 513.22 378.35 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 366.35 Td (respect ) Tj ET Q q 0 0 0 rg BT 111.82 366.35 Td (to ) Tj ET Q q 0 0 0 rg BT 122.09 366.35 Td (which ) Tj ET Q q 0 0 0 rg BT 149.03 366.35 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 187.63 366.35 Td (rights ) Tj ET Q q 0 0 0 rg BT 212.90 366.35 Td (under ) Tj ET Q q 0 0 0 rg BT 238.17 366.35 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 278.98 366.35 Td (law ) Tj ET Q q 0 0 0 rg BT 295.92 366.35 Td (are ) Tj ET Q q 0 0 0 rg BT 310.62 366.35 Td (properly ) Tj ET Q q 0 0 0 rg BT 347.00 366.35 Td (exercised ) Tj ET Q q 0 0 0 rg BT 387.25 366.35 Td (and ) Tj ET Q q 0 0 0 rg BT 404.19 366.35 Td (not ) Tj ET Q q 0 0 0 rg BT 419.47 366.35 Td (withdrawn.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 342.35 Td (At ) Tj ET Q q 0 0 0 rg BT 111.99 342.35 Td (the ) Tj ET Q q 0 0 0 rg BT 127.19 342.35 Td (ef) Tj ET Q q 0 0 0 rg BT 134.78 342.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 164.97 342.35 Td (time ) Tj ET Q q 0 0 0 rg BT 185.73 342.35 Td (of ) Tj ET Q q 0 0 0 rg BT 197.05 342.35 Td (the ) Tj ET Q q 0 0 0 rg BT 212.25 342.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 228.73 342.35 Td (ger) Tj ET Q q 0 0 0 rg BT 241.10 342.35 Td (, ) Tj ET Q q 0 0 0 rg BT 246.59 342.35 Td (each, ) Tj ET Q q 0 0 0 rg BT 270.39 342.35 Td (vested ) Tj ET Q q 0 0 0 rg BT 298.92 342.35 Td (and ) Tj ET Q q 0 0 0 rg BT 316.35 342.35 Td (unvested, ) Tj ET Q q 0 0 0 rg BT 357.38 342.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 375.90 342.35 Td ( ) Tj ET Q q 0 0 0 rg BT 378.89 342.35 Td (option ) Tj ET Q q 0 0 0 rg BT 407.43 342.35 Td (to ) Tj ET Q q 0 0 0 rg BT 418.20 342.35 Td (purchase ) Tj ET Q q 0 0 0 rg BT 456.72 342.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 484.70 342.35 Td (of ) Tj ET Q q 0 0 0 rg BT 496.02 342.35 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 330.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 104.72 330.35 Td (and ) Tj ET Q q 0 0 0 rg BT 121.77 330.35 Td (restricted ) Tj ET Q q 0 0 0 rg BT 161.59 330.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 189.19 330.35 Td (of ) Tj ET Q q 0 0 0 rg BT 200.13 330.35 Td (common ) Tj ET Q q 0 0 0 rg BT 237.74 330.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 261.46 330.35 Td (will ) Tj ET Q q 0 0 0 rg BT 279.63 330.35 Td (become ) Tj ET Q q 0 0 0 rg BT 313.33 330.35 Td (fully ) Tj ET Q q 0 0 0 rg BT 334.83 330.35 Td (vested ) Tj ET Q q 0 0 0 rg BT 362.99 330.35 Td (and ) Tj ET Q q 0 0 0 rg BT 380.04 330.35 Td (automatically ) Tj ET Q q 0 0 0 rg BT 437.08 330.35 Td (converted ) Tj ET Q q 0 0 0 rg BT 479.12 330.35 Td (into ) Tj ET Q q 0 0 0 rg BT 497.28 330.35 Td (the ) Tj ET Q q 0 0 0 rg BT 512.11 330.35 Td (right ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 318.35 Td (to ) Tj ET Q q 0 0 0 rg BT 90.94 318.35 Td (receive ) Tj ET Q q 0 0 0 rg BT 121.97 318.35 Td (a ) Tj ET Q q 0 0 0 rg BT 128.57 318.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.50 318.35 Td (payment ) Tj ET Q q 0 0 0 rg BT 185.10 318.35 Td (in ) Tj ET Q q 0 0 0 rg BT 195.04 318.35 Td (an ) Tj ET Q q 0 0 0 rg BT 206.64 318.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 238.80 318.35 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 275.40 318.35 Td (to ) Tj ET Q q 0 0 0 rg BT 285.34 318.35 Td (the ) Tj ET Q q 0 0 0 rg BT 299.72 318.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 316.20 318.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 330.65 318.35 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 382.24 318.35 Td (In ) Tj ET Q q 0 0 0 rg BT 392.73 318.35 Td (addition, ) Tj ET Q q 0 0 0 rg BT 430.17 318.35 Td (at ) Tj ET Q q 0 0 0 rg BT 439.55 318.35 Td (such ) Tj ET Q q 0 0 0 rg BT 460.04 318.35 Td (time, ) Tj ET Q q 0 0 0 rg BT 482.48 318.35 Td (each, ) Tj ET Q q 0 0 0 rg BT 505.46 318.35 Td (vested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 306.35 Td (and ) Tj ET Q q 0 0 0 rg BT 97.86 306.35 Td (unvested, ) Tj ET Q q 0 0 0 rg BT 138.33 306.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 161.87 306.35 Td (option ) Tj ET Q q 0 0 0 rg BT 189.85 306.35 Td (and ) Tj ET Q q 0 0 0 rg BT 206.71 306.35 Td (restricted ) Tj ET Q q 0 0 0 rg BT 246.34 306.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 269.87 306.35 Td (unit ) Tj ET Q q 0 0 0 rg BT 287.85 306.35 Td (relating ) Tj ET Q q 0 0 0 rg BT 320.82 306.35 Td (to ) Tj ET Q q 0 0 0 rg BT 331.02 306.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 358.43 306.35 Td (of ) Tj ET Q q 0 0 0 rg BT 369.19 306.35 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 402.73 306.35 Td (& ) Tj ET Q q 0 0 0 rg BT 412.93 306.35 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 452.56 306.35 Td (Life ) Tj ET Q q 0 0 0 rg BT 471.64 306.35 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 513.23 306.35 Td (Inc., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 294.35 Td (a ) Tj ET Q q 0 0 0 rg BT 88.31 294.35 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 132.29 294.35 Td (of ) Tj ET Q q 0 0 0 rg BT 143.50 294.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 162.02 294.35 Td ( ) Tj ET Q q 0 0 0 rg BT 164.89 294.35 Td (\(FGLH\) ) Tj ET Q q 0 0 0 rg BT 209.42 294.35 Td (will ) Tj ET Q q 0 0 0 rg BT 227.85 294.35 Td (become ) Tj ET Q q 0 0 0 rg BT 261.81 294.35 Td (fully ) Tj ET Q q 0 0 0 rg BT 283.57 294.35 Td (vested ) Tj ET Q q 0 0 0 rg BT 311.99 294.35 Td (and ) Tj ET Q q 0 0 0 rg BT 329.31 294.35 Td (automatically ) Tj ET Q q 0 0 0 rg BT 386.60 294.35 Td (converted ) Tj ET Q q 0 0 0 rg BT 428.90 294.35 Td (into ) Tj ET Q q 0 0 0 rg BT 447.33 294.35 Td (the ) Tj ET Q q 0 0 0 rg BT 462.42 294.35 Td (right ) Tj ET Q q 0 0 0 rg BT 484.18 294.35 Td (to ) Tj ET Q q 0 0 0 rg BT 494.83 294.35 Td (receive ) Tj ET Q q 0 0 0 rg BT 526.57 294.35 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 282.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 101.06 282.35 Td (payment ) Tj ET Q q 0 0 0 rg BT 137.78 282.35 Td (in ) Tj ET Q q 0 0 0 rg BT 147.84 282.35 Td (an ) Tj ET Q q 0 0 0 rg BT 159.57 282.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 191.85 282.35 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 228.58 282.35 Td (to ) Tj ET Q q 0 0 0 rg BT 238.64 282.35 Td (the ) Tj ET Q q 0 0 0 rg BT 253.15 282.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 269.63 282.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 284.18 282.35 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 333.39 282.35 Td (and ) Tj ET Q q 0 0 0 rg BT 350.12 282.35 Td (each ) Tj ET Q q 0 0 0 rg BT 370.72 282.35 Td (dividend ) Tj ET Q q 0 0 0 rg BT 408.00 282.35 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 451.94 282.35 Td (right ) Tj ET Q q 0 0 0 rg BT 473.11 282.35 Td (held ) Tj ET Q q 0 0 0 rg BT 492.62 282.35 Td (in ) Tj ET Q q 0 0 0 rg BT 502.69 282.35 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 270.35 Td (of ) Tj ET Q q 0 0 0 rg BT 92.51 270.35 Td (a ) Tj ET Q q 0 0 0 rg BT 100.13 270.35 Td (share ) Tj ET Q q 0 0 0 rg BT 124.40 270.35 Td (of ) Tj ET Q q 0 0 0 rg BT 135.91 270.35 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 165.20 270.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 189.49 270.35 Td (\(a ) Tj ET Q q 0 0 0 rg BT 200.44 270.35 Td (DER\), ) Tj ET Q q 0 0 0 rg BT 238.32 270.35 Td (whether ) Tj ET Q q 0 0 0 rg BT 273.71 270.35 Td (vested ) Tj ET Q q 0 0 0 rg BT 302.44 270.35 Td (or ) Tj ET Q q 0 0 0 rg BT 313.94 270.35 Td (unvested, ) Tj ET Q q 0 0 0 rg BT 355.17 270.35 Td (will ) Tj ET Q q 0 0 0 rg BT 373.91 270.35 Td (become ) Tj ET Q q 0 0 0 rg BT 408.18 270.35 Td (fully ) Tj ET Q q 0 0 0 rg BT 430.24 270.35 Td (vested ) Tj ET Q q 0 0 0 rg BT 458.97 270.35 Td (and ) Tj ET Q q 0 0 0 rg BT 476.59 270.35 Td (automatically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 258.35 Td (converted ) Tj ET Q q 0 0 0 rg BT 122.92 258.35 Td (into ) Tj ET Q q 0 0 0 rg BT 140.98 258.35 Td (the ) Tj ET Q q 0 0 0 rg BT 155.70 258.35 Td (right ) Tj ET Q q 0 0 0 rg BT 177.08 258.35 Td (to ) Tj ET Q q 0 0 0 rg BT 187.36 258.35 Td (receive ) Tj ET Q q 0 0 0 rg BT 218.72 258.35 Td (a ) Tj ET Q q 0 0 0 rg BT 225.66 258.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 245.93 258.35 Td (payment ) Tj ET Q q 0 0 0 rg BT 282.87 258.35 Td (equal ) Tj ET Q q 0 0 0 rg BT 307.02 258.35 Td (to ) Tj ET Q q 0 0 0 rg BT 317.30 258.35 Td (the ) Tj ET Q q 0 0 0 rg BT 332.02 258.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 364.51 258.35 Td (accrued ) Tj ET Q q 0 0 0 rg BT 398.09 258.35 Td (with ) Tj ET Q q 0 0 0 rg BT 418.37 258.35 Td (respect ) Tj ET Q q 0 0 0 rg BT 449.19 258.35 Td (to ) Tj ET Q q 0 0 0 rg BT 459.47 258.35 Td (such ) Tj ET Q q 0 0 0 rg BT 480.30 258.35 Td (DER.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 234.35 Td (The ) Tj ET Q q 0 0 0 rg BT 118.16 234.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 134.64 234.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 151.03 234.35 Td (is ) Tj ET Q q 0 0 0 rg BT 161.32 234.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 193.26 234.35 Td (to ) Tj ET Q q 0 0 0 rg BT 204.65 234.35 Td (closing ) Tj ET Q q 0 0 0 rg BT 237.16 234.35 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 284.94 234.35 Td (including ) Tj ET Q q 0 0 0 rg BT 326.33 234.35 Td (the ) Tj ET Q q 0 0 0 rg BT 342.17 234.35 Td (receipt ) Tj ET Q q 0 0 0 rg BT 372.98 234.35 Td (of ) Tj ET Q q 0 0 0 rg BT 384.93 234.35 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 429.64 234.35 Td (approvals ) Tj ET Q q 0 0 0 rg BT 472.14 234.35 Td (from ) Tj ET Q q 0 0 0 rg BT 495.19 234.35 Td (the ) Tj ET Q q 0 0 0 rg BT 511.03 234.35 Td (Iowa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 222.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 122.67 222.35 Td (Division, ) Tj ET Q q 0 0 0 rg BT 162.43 222.35 Td (New ) Tj ET Q q 0 0 0 rg BT 183.70 222.35 Td (Y) Tj ET Q q 0 0 0 rg BT 189.92 222.35 Td (ork ) Tj ET Q q 0 0 0 rg BT 206.06 222.35 Td (Department ) Tj ET Q q 0 0 0 rg BT 256.07 222.35 Td (of ) Tj ET Q q 0 0 0 rg BT 267.21 222.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 307.23 222.35 Td (Services, ) Tj ET Q q 0 0 0 rg BT 346.21 222.35 Td (V) Tj ET Q q 0 0 0 rg BT 352.32 222.35 Td (ermont ) Tj ET Q q 0 0 0 rg BT 383.46 222.35 Td (Department ) Tj ET Q q 0 0 0 rg BT 433.47 222.35 Td (of ) Tj ET Q q 0 0 0 rg BT 444.60 222.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 484.62 222.35 Td (Regulation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 210.35 Td (China ) Tj ET Q q 0 0 0 rg BT 109.66 210.35 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 153.29 210.35 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 202.50 210.35 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 260.33 210.35 Td (and ) Tj ET Q q 0 0 0 rg BT 279.54 210.35 Td (the ) Tj ET Q q 0 0 0 rg BT 296.53 210.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 345.74 210.35 Td (on ) Tj ET Q q 0 0 0 rg BT 360.51 210.35 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 396.39 210.35 Td (Investment ) Tj ET Q q 0 0 0 rg BT 445.59 210.35 Td (in ) Tj ET Q q 0 0 0 rg BT 458.14 210.35 Td (the ) Tj ET Q q 0 0 0 rg BT 475.13 210.35 Td (United ) Tj ET Q q 0 0 0 rg BT 507.11 210.35 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 198.35 Td (\("CFIUS"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 174.35 Td (On ) Tj ET Q q 0 0 0 rg BT 113.73 174.35 Td (November ) Tj ET Q q 0 0 0 rg BT 158.45 174.35 Td (8, ) Tj ET Q q 0 0 0 rg BT 168.46 174.35 Td (2015, ) Tj ET Q q 0 0 0 rg BT 193.46 174.35 Td (FS ) Tj ET Q q 0 0 0 rg BT 207.10 174.35 Td (Holdco ) Tj ET Q q 0 0 0 rg BT 239.04 174.35 Td (II ) Tj ET Q q 0 0 0 rg BT 248.21 174.35 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 269.61 174.35 Td (a ) Tj ET Q q 0 0 0 rg BT 276.55 174.35 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 336.83 174.35 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 380.45 174.35 Td (of ) Tj ET Q q 0 0 0 rg BT 391.29 174.35 Td (HRG ) Tj ET Q q 0 0 0 rg BT 414.91 174.35 Td (Group, ) Tj ET Q q 0 0 0 rg BT 445.47 174.35 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 463.25 174.35 Td (and ) Tj ET Q q 0 0 0 rg BT 480.20 174.35 Td (direct ) Tj ET Q q 0 0 0 rg BT 505.47 174.35 Td (holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 162.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.86 162.35 Td (47,000 ) Tj ET Q q 0 0 0 rg BT 121.89 162.35 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 162.35 Td ( ) Tj ET Q q 0 0 0 rg BT 160.53 162.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 188.05 162.35 Td (of ) Tj ET Q q 0 0 0 rg BT 198.91 162.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 216.89 162.35 Td () Tj ET Q q 0 0 0 rg BT 219.66 162.35 Td (s ) Tj ET Q q 0 0 0 rg BT 226.09 162.35 Td (common ) Tj ET Q q 0 0 0 rg BT 263.61 162.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 287.25 162.35 Td (representing ) Tj ET Q q 0 0 0 rg BT 339.21 162.35 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 162.35 Td (81%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.83 162.35 Td ( ) Tj ET Q q 0 0 0 rg BT 420.36 162.35 Td (of ) Tj ET Q q 0 0 0 rg BT 431.22 162.35 Td (the ) Tj ET Q q 0 0 0 rg BT 445.97 162.35 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 495.16 162.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 522.68 162.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 150.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 98.97 150.35 Td () Tj ET Q q 0 0 0 rg BT 101.75 150.35 Td (s ) Tj ET Q q 0 0 0 rg BT 108.32 150.35 Td (common ) Tj ET Q q 0 0 0 rg BT 145.99 150.35 Td (stock, ) Tj ET Q q 0 0 0 rg BT 172.27 150.35 Td (delivered ) Tj ET Q q 0 0 0 rg BT 212.14 150.35 Td (a ) Tj ET Q q 0 0 0 rg BT 219.25 150.35 Td (written ) Tj ET Q q 0 0 0 rg BT 250.25 150.35 Td (consent ) Tj ET Q q 0 0 0 rg BT 283.47 150.35 Td (adopting, ) Tj ET Q q 0 0 0 rg BT 323.64 150.35 Td (authorizing, ) Tj ET Q q 0 0 0 rg BT 374.36 150.35 Td (accepting ) Tj ET Q q 0 0 0 rg BT 415.34 150.35 Td (and ) Tj ET Q q 0 0 0 rg BT 432.45 150.35 Td (approving ) Tj ET Q q 0 0 0 rg BT 475.67 150.35 Td (in ) Tj ET Q q 0 0 0 rg BT 486.12 150.35 Td (all ) Tj ET Q q 0 0 0 rg BT 498.79 150.35 Td (respects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 138.35 Td (the ) Tj ET Q q 0 0 0 rg BT 95.48 138.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 111.95 138.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 126.48 138.35 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 173.17 138.35 Td (and ) Tj ET Q q 0 0 0 rg BT 189.86 138.35 Td (the ) Tj ET Q q 0 0 0 rg BT 204.34 138.35 Td (transactions ) Tj ET Q q 0 0 0 rg BT 254.36 138.35 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 310.48 138.35 Td (thereby) Tj ET Q q 0 0 0 rg BT 339.82 138.35 Td (, ) Tj ET Q q 0 0 0 rg BT 344.58 138.35 Td (including ) Tj ET Q q 0 0 0 rg BT 384.61 138.35 Td (the ) Tj ET Q q 0 0 0 rg BT 399.09 138.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 415.56 138.35 Td (ger) Tj ET Q q 0 0 0 rg BT 427.78 138.35 Td (. ) Tj ET Q q 0 0 0 rg BT 432.54 138.35 Td ( ) Tj ET Q q 0 0 0 rg BT 434.80 138.35 Td (On ) Tj ET Q q 0 0 0 rg BT 449.28 138.35 Td (November ) Tj ET Q q 0 0 0 rg BT 493.74 138.35 Td (25, ) Tj ET Q q 0 0 0 rg BT 508.50 138.35 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 126.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 126.35 Td ( ) Tj ET Q q 0 0 0 rg BT 102.52 126.35 Td (obtained ) Tj ET Q q 0 0 0 rg BT 139.96 126.35 Td (the ) Tj ET Q q 0 0 0 rg BT 155.18 126.35 Td (requisite ) Tj ET Q q 0 0 0 rg BT 192.62 126.35 Td (approval ) Tj ET Q q 0 0 0 rg BT 230.61 126.35 Td (for ) Tj ET Q q 0 0 0 rg BT 245.28 126.35 Td (the ) Tj ET Q q 0 0 0 rg BT 260.50 126.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 276.98 126.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 292.75 126.35 Td (from ) Tj ET Q q 0 0 0 rg BT 315.19 126.35 Td (the ) Tj ET Q q 0 0 0 rg BT 330.20 126.35 Td (V) Tj ET Q q 0 0 0 rg BT 336.31 126.35 Td (ermont ) Tj ET Q q 0 0 0 rg BT 367.64 126.35 Td (Department ) Tj ET Q q 0 0 0 rg BT 417.85 126.35 Td (of ) Tj ET Q q 0 0 0 rg BT 429.18 126.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 469.40 126.35 Td (Regulation. ) Tj ET Q q 0 0 0 rg BT 518.78 126.35 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 114.35 Td (March ) Tj ET Q q 0 0 0 rg BT 109.53 114.35 Td (14, ) Tj ET Q q 0 0 0 rg BT 124.47 114.35 Td (2016, ) Tj ET Q q 0 0 0 rg BT 149.40 114.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 167.92 114.35 Td ( ) Tj ET Q q 0 0 0 rg BT 170.36 114.35 Td (received ) Tj ET Q q 0 0 0 rg BT 206.65 114.35 Td (notification ) Tj ET Q q 0 0 0 rg BT 255.18 114.35 Td (from ) Tj ET Q q 0 0 0 rg BT 277.06 114.35 Td (CFIUS ) Tj ET Q q 0 0 0 rg BT 307.84 114.35 Td (that ) Tj ET Q q 0 0 0 rg BT 325.27 114.35 Td (it ) Tj ET Q q 0 0 0 rg BT 333.26 114.35 Td (had ) Tj ET Q q 0 0 0 rg BT 350.13 114.35 Td (concluded ) Tj ET Q q 0 0 0 rg BT 393.66 114.35 Td (all ) Tj ET Q q 0 0 0 rg BT 406.09 114.35 Td (action ) Tj ET Q q 0 0 0 rg BT 432.95 114.35 Td (under ) Tj ET Q q 0 0 0 rg BT 458.16 114.35 Td (Section ) Tj ET Q q 0 0 0 rg BT 490.58 114.35 Td (721 ) Tj ET Q q 0 0 0 rg BT 508.02 114.35 Td (of ) Tj ET Q q 0 0 0 rg BT 518.78 114.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 102.35 Td (Defense ) Tj ET Q q 0 0 0 rg BT 115.11 102.35 Td (Production ) Tj ET Q q 0 0 0 rg BT 160.05 102.35 Td (Act ) Tj ET Q q 0 0 0 rg BT 175.83 102.35 Td (of ) Tj ET Q q 0 0 0 rg BT 185.51 102.35 Td (1950, ) Tj ET Q q 0 0 0 rg BT 209.36 102.35 Td (as ) Tj ET Q q 0 0 0 rg BT 219.04 102.35 Td (amended, ) Tj ET Q q 0 0 0 rg BT 258.98 102.35 Td (and ) Tj ET Q q 0 0 0 rg BT 274.77 102.35 Td (determined ) Tj ET Q q 0 0 0 rg BT 321.10 102.35 Td (that ) Tj ET Q q 0 0 0 rg BT 337.45 102.35 Td (there ) Tj ET Q q 0 0 0 rg BT 358.78 102.35 Td (are ) Tj ET Q q 0 0 0 rg BT 372.34 102.35 Td (no ) Tj ET Q q 0 0 0 rg BT 383.69 102.35 Td (unresolved ) Tj ET Q q 0 0 0 rg BT 428.91 102.35 Td (national ) Tj ET Q q 0 0 0 rg BT 462.47 102.35 Td (security ) Tj ET Q q 0 0 0 rg BT 495.48 102.35 Td (concerns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 90.35 Td (with ) Tj ET Q q 0 0 0 rg BT 101.55 90.35 Td (respect ) Tj ET Q q 0 0 0 rg BT 132.64 90.35 Td (to ) Tj ET Q q 0 0 0 rg BT 143.19 90.35 Td (the ) Tj ET Q q 0 0 0 rg BT 158.18 90.35 Td (mer) Tj ET Q q 0 0 0 rg BT 173.54 90.35 Td (ger) Tj ET Q q 0 0 0 rg BT 185.76 90.35 Td (. ) Tj ET Q q 0 0 0 rg BT 191.03 90.35 Td ( ) Tj ET Q q 0 0 0 rg BT 193.61 90.35 Td (The ) Tj ET Q q 0 0 0 rg BT 211.93 90.35 Td (parties ) Tj ET Q q 0 0 0 rg BT 241.35 90.35 Td (are ) Tj ET Q q 0 0 0 rg BT 256.33 90.35 Td (not ) Tj ET Q q 0 0 0 rg BT 271.88 90.35 Td (required ) Tj ET Q q 0 0 0 rg BT 307.97 90.35 Td (to ) Tj ET Q q 0 0 0 rg BT 318.52 90.35 Td (file ) Tj ET Q q 0 0 0 rg BT 334.62 90.35 Td (a ) Tj ET Q q 0 0 0 rg BT 341.83 90.35 Td (notification ) Tj ET Q q 0 0 0 rg BT 390.70 90.35 Td (of ) Tj ET Q q 0 0 0 rg BT 401.80 90.35 Td (the ) Tj ET Q q 0 0 0 rg BT 416.79 90.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 433.27 90.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 448.81 90.35 Td (under ) Tj ET Q q 0 0 0 rg BT 474.35 90.35 Td (the ) Tj ET Q q 0 0 0 rg BT 489.34 90.35 Td (Hart-Scott ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 78.35 Td (Rodino ) Tj ET Q q 0 0 0 rg BT 112.88 78.35 Td (Antitrust ) Tj ET Q q 0 0 0 rg BT 151.56 78.35 Td (Improvements ) Tj ET Q q 0 0 0 rg BT 211.76 78.35 Td (Act ) Tj ET Q q 0 0 0 rg BT 229.32 78.35 Td (of ) Tj ET Q q 0 0 0 rg BT 240.78 78.35 Td (1976, ) Tj ET Q q 0 0 0 rg BT 266.40 78.35 Td (as ) Tj ET Q q 0 0 0 rg BT 277.86 78.35 Td (amended, ) Tj ET Q q 0 0 0 rg BT 319.57 78.35 Td (due ) Tj ET Q q 0 0 0 rg BT 337.14 78.35 Td (to ) Tj ET Q q 0 0 0 rg BT 348.04 78.35 Td (an ) Tj ET Q q 0 0 0 rg BT 360.60 78.35 Td (available ) Tj ET Q q 0 0 0 rg BT 399.81 78.35 Td (exemption. ) Tj ET Q q 0 0 0 rg BT 447.65 78.35 Td ( ) Tj ET Q q 0 0 0 rg BT 450.55 78.35 Td (The ) Tj ET Q q 0 0 0 rg BT 469.22 78.35 Td (adoption ) Tj ET Q q 0 0 0 rg BT 507.34 78.35 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 78.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 66.35 Td (Mer) Tj ET Q q 0 0 0 rg BT 97.48 66.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 112.15 66.35 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 159.01 66.35 Td (by ) Tj ET Q q 0 0 0 rg BT 171.44 66.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 189.42 66.35 Td () Tj ET Q q 0 0 0 rg BT 192.20 66.35 Td (s ) Tj ET Q q 0 0 0 rg BT 198.52 66.35 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 251.50 66.35 Td (required ) Tj ET Q q 0 0 0 rg BT 287.25 66.35 Td (the ) Tj ET Q q 0 0 0 rg BT 301.90 66.35 Td (af) Tj ET Q q 0 0 0 rg BT 309.49 66.35 Td (firmative ) Tj ET Q q 0 0 0 rg BT 348.58 66.35 Td (vote ) Tj ET Q q 0 0 0 rg BT 368.23 66.35 Td (or ) Tj ET Q q 0 0 0 rg BT 379.00 66.35 Td (written ) Tj ET Q q 0 0 0 rg BT 409.76 66.35 Td (consent ) Tj ET Q q 0 0 0 rg BT 442.74 66.35 Td (of ) Tj ET Q q 0 0 0 rg BT 453.51 66.35 Td (holders ) Tj ET Q q 0 0 0 rg BT 485.38 66.35 Td (of ) Tj ET Q q 0 0 0 rg BT 496.15 66.35 Td (at ) Tj ET Q q 0 0 0 rg BT 505.80 66.35 Td (least ) Tj ET Q q 0 0 0 rg BT 526.57 66.35 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 54.35 Td (majority ) Tj ET Q q 0 0 0 rg BT 117.38 54.35 Td (of ) Tj ET Q q 0 0 0 rg BT 128.21 54.35 Td (the ) Tj ET Q q 0 0 0 rg BT 142.93 54.35 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 192.09 54.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 219.58 54.35 Td (of ) Tj ET Q q 0 0 0 rg BT 230.41 54.35 Td (FGL) Tj ET Q q 0 0 0 rg BT 248.39 54.35 Td () Tj ET Q q 0 0 0 rg BT 251.17 54.35 Td (s ) Tj ET Q q 0 0 0 rg BT 257.56 54.35 Td (common ) Tj ET Q q 0 0 0 rg BT 295.05 54.35 Td (stock. ) Tj ET Q endstream endobj 223 0 obj <>] /Rotate 0 /Contents 224 0 R>> endobj 224 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 723.60 Td (The ) Tj ET Q q 0 0 0 rg BT 117.36 723.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.06 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 175.69 723.60 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 210.17 723.60 Td (are ) Tj ET Q q 0 0 0 rg BT 225.19 723.60 Td (committed ) Tj ET Q q 0 0 0 rg BT 270.77 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 281.36 723.60 Td (securing ) Tj ET Q q 0 0 0 rg BT 318.05 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.08 723.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 376.44 723.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 420.35 723.60 Td (approvals ) Tj ET Q q 0 0 0 rg BT 462.04 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.29 723.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 499.87 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 510.47 723.60 Td (close ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.07 711.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 112.55 711.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 128.18 711.60 Td (as ) Tj ET Q q 0 0 0 rg BT 139.37 711.60 Td (expeditiously ) Tj ET Q q 0 0 0 rg BT 196.11 711.60 Td (as ) Tj ET Q q 0 0 0 rg BT 207.30 711.60 Td (possible, ) Tj ET Q q 0 0 0 rg BT 245.43 711.60 Td (however) Tj ET Q q 0 0 0 rg BT 279.46 711.60 Td (, ) Tj ET Q q 0 0 0 rg BT 284.82 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 299.89 711.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 331.64 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 342.83 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 357.90 711.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 374.38 711.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 390.01 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.30 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.38 711.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 451.35 711.60 Td (thereof ) Tj ET Q q 0 0 0 rg BT 482.52 711.60 Td (is ) Tj ET Q q 0 0 0 rg BT 492.05 711.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 523.23 711.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.27 699.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 138.42 699.60 Td (review ) Tj ET Q q 0 0 0 rg BT 167.67 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 184.17 699.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 221.20 699.60 Td (process, ) Tj ET Q q 0 0 0 rg BT 255.75 699.60 Td (none ) Tj ET Q q 0 0 0 rg BT 277.24 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.62 699.60 Td (which ) Tj ET Q q 0 0 0 rg BT 314.11 699.60 Td (can ) Tj ET Q q 0 0 0 rg BT 330.04 699.60 Td (be ) Tj ET Q q 0 0 0 rg BT 341.53 699.60 Td (assured. ) Tj ET Q q 0 0 0 rg BT 376.07 699.60 Td (In ) Tj ET Q q 0 0 0 rg BT 386.45 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 400.72 699.60 Td (event ) Tj ET Q q 0 0 0 rg BT 424.43 699.60 Td (that ) Tj ET Q q 0 0 0 rg BT 441.48 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 455.75 699.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 472.23 699.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 486.59 699.60 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (is ) Tj ET Q q 0 0 0 rg BT 90.17 687.60 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 137.93 687.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 156.45 687.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.95 687.60 Td (may ) Tj ET Q q 0 0 0 rg BT 178.67 687.60 Td (be ) Tj ET Q q 0 0 0 rg BT 190.60 687.60 Td (required ) Tj ET Q q 0 0 0 rg BT 226.42 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 236.70 687.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 253.64 687.60 Td (a ) Tj ET Q q 0 0 0 rg BT 260.58 687.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 309.17 687.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 323.88 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 333.61 687.60 Td (Anbang ) Tj ET Q q 0 0 0 rg BT 367.77 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 384.71 687.60 Td (its ) Tj ET Q q 0 0 0 rg BT 396.65 687.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 446.37 687.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.20 687.60 Td ($51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.20 687.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 668.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 116.97 668.60 Td () Tj ET Q q 0 0 0 rg BT 119.75 668.60 Td (s ) Tj ET Q q 0 0 0 rg BT 126.64 668.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 161.29 668.60 Td (business ) Tj ET Q q 0 0 0 rg BT 198.17 668.60 Td (is ) Tj ET Q q 0 0 0 rg BT 207.83 668.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.04 668.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 241.58 668.60 Td (of ) Tj ET Q q 0 0 0 rg BT 252.91 668.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 296.45 668.60 Td (life ) Tj ET Q q 0 0 0 rg BT 312.77 668.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 354.08 668.60 Td (products ) Tj ET Q q 0 0 0 rg BT 391.51 668.60 Td (and ) Tj ET Q q 0 0 0 rg BT 408.94 668.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 448.04 668.60 Td (through ) Tj ET Q q 0 0 0 rg BT 482.14 668.60 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 113.12 656.60 Td (managing ) Tj ET Q q 0 0 0 rg BT 156.63 656.60 Td (general ) Tj ET Q q 0 0 0 rg BT 190.13 656.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 222.26 656.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.77 656.60 Td (specialty ) Tj ET Q q 0 0 0 rg BT 280.39 656.60 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 324.44 656.60 Td (firms ) Tj ET Q q 0 0 0 rg BT 349.63 656.60 Td (and ) Tj ET Q q 0 0 0 rg BT 368.14 656.60 Td (in ) Tj ET Q q 0 0 0 rg BT 379.99 656.60 Td (selected ) Tj ET Q q 0 0 0 rg BT 416.27 656.60 Td (institutional ) Tj ET Q q 0 0 0 rg BT 468.13 656.60 Td (markets. ) Tj ET Q q 0 0 0 rg BT 506.36 656.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 524.33 656.60 Td () Tj ET Q q 0 0 0 rg BT 527.11 656.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 644.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 118.48 644.60 Td (products ) Tj ET Q q 0 0 0 rg BT 154.85 644.60 Td (are ) Tj ET Q q 0 0 0 rg BT 168.99 644.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 204.23 644.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 242.27 644.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 285.31 644.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 307.79 644.60 Td (indexed ) Tj ET Q q 0 0 0 rg BT 341.38 644.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 373.31 644.60 Td (\(FIA\) ) Tj ET Q q 0 0 0 rg BT 406.90 644.60 Td (contracts\), ) Tj ET Q q 0 0 0 rg BT 450.76 644.60 Td (immediate ) Tj ET Q q 0 0 0 rg BT 494.90 644.60 Td (annuities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 632.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.32 632.60 Td (life ) Tj ET Q q 0 0 0 rg BT 114.54 632.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 155.74 632.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 195.56 632.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 214.08 632.60 Td ( ) Tj ET Q q 0 0 0 rg BT 216.97 632.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 251.51 632.60 Td (products ) Tj ET Q q 0 0 0 rg BT 288.83 632.60 Td (through ) Tj ET Q q 0 0 0 rg BT 322.83 632.60 Td (its ) Tj ET Q q 0 0 0 rg BT 335.16 632.60 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 395.81 632.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 437.02 632.60 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 489.62 632.60 Td (Fidelity& ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.60 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 120.58 620.60 Td (Life ) Tj ET Q q 0 0 0 rg BT 139.60 620.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 180.84 620.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.09 620.60 Td (\(FGL) Tj ET Q q 0 0 0 rg BT 248.38 620.60 Td ( ) Tj ET Q q 0 0 0 rg BT 250.75 620.60 Td (Insurance\) ) Tj ET Q q 0 0 0 rg BT 299.76 620.60 Td (and ) Tj ET Q q 0 0 0 rg BT 316.57 620.60 Td (Fidelity& ) Tj ET Q q 0 0 0 rg BT 360.33 620.60 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 399.90 620.60 Td (Life ) Tj ET Q q 0 0 0 rg BT 418.93 620.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 460.17 620.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 501.42 620.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.12 620.60 Td (New ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 608.60 Td (Y) Tj ET Q q 0 0 0 rg BT 87.22 608.60 Td (ork ) Tj ET Q q 0 0 0 rg BT 103.05 608.60 Td (\(FGL) Tj ET Q q 0 0 0 rg BT 129.34 608.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.84 608.60 Td (NY) Tj ET Q q 0 0 0 rg BT 145.91 608.60 Td ( ) Tj ET Q q 0 0 0 rg BT 148.41 608.60 Td (Insurance\), ) Tj ET Q q 0 0 0 rg BT 200.05 608.60 Td (which ) Tj ET Q q 0 0 0 rg BT 226.99 608.60 Td (together ) Tj ET Q q 0 0 0 rg BT 262.25 608.60 Td (are ) Tj ET Q q 0 0 0 rg BT 276.96 608.60 Td (licensed ) Tj ET Q q 0 0 0 rg BT 312.22 608.60 Td (in ) Tj ET Q q 0 0 0 rg BT 322.50 608.60 Td (all ) Tj ET Q q 0 0 0 rg BT 334.99 608.60 Td (fifty ) Tj ET Q q 0 0 0 rg BT 354.71 608.60 Td (states ) Tj ET Q q 0 0 0 rg BT 379.43 608.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.37 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.08 608.60 Td (District ) Tj ET Q q 0 0 0 rg BT 443.58 608.60 Td (of ) Tj ET Q q 0 0 0 rg BT 454.41 608.60 Td (Columbia.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 589.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 117.36 589.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 156.83 589.60 Td (segments ) Tj ET Q q 0 0 0 rg BT 196.85 589.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 225.20 589.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.22 589.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 273.02 589.60 Td (by ) Tj ET Q q 0 0 0 rg BT 285.83 589.60 Td (which ) Tj ET Q q 0 0 0 rg BT 313.08 589.60 Td (our ) Tj ET Q q 0 0 0 rg BT 329.22 589.60 Td (chief ) Tj ET Q q 0 0 0 rg BT 352.01 589.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 392.59 589.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 428.72 589.60 Td (makers ) Tj ET Q q 0 0 0 rg BT 460.41 589.60 Td (view ) Tj ET Q q 0 0 0 rg BT 482.66 589.60 Td (and ) Tj ET Q q 0 0 0 rg BT 499.91 589.60 Td (manage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 577.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.98 577.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 135.13 577.60 Td ( ) Tj ET Q q 0 0 0 rg BT 137.69 577.60 Td (W) Tj ET Q q 0 0 0 rg BT 146.32 577.60 Td (e ) Tj ET Q q 0 0 0 rg BT 153.52 577.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 192.37 577.60 Td (distribute ) Tj ET Q q 0 0 0 rg BT 232.91 577.60 Td (and ) Tj ET Q q 0 0 0 rg BT 250.10 577.60 Td (service ) Tj ET Q q 0 0 0 rg BT 281.18 577.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 321.15 577.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 344.45 577.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 362.20 577.60 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 403.56 577.60 Td (including ) Tj ET Q q 0 0 0 rg BT 444.09 577.60 Td (FIAs. ) Tj ET Q q 0 0 0 rg BT 469.36 577.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.11 577.60 Td ( ) Tj ET Q q 0 0 0 rg BT 474.67 577.60 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 519.35 577.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 565.60 Td (have ) Tj ET Q q 0 0 0 rg BT 102.26 565.60 Td (only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.43 565.60 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.86 565.60 Td ( ) Tj ET Q q 0 0 0 rg BT 139.25 565.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 178.29 565.60 Td (segment ) Tj ET Q q 0 0 0 rg BT 214.00 565.60 Td (that ) Tj ET Q q 0 0 0 rg BT 231.38 565.60 Td (our ) Tj ET Q q 0 0 0 rg BT 247.10 565.60 Td (chief ) Tj ET Q q 0 0 0 rg BT 269.47 565.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 309.62 565.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 345.33 565.60 Td (makers ) Tj ET Q q 0 0 0 rg BT 376.59 565.60 Td (use ) Tj ET Q q 0 0 0 rg BT 392.30 565.60 Td (to ) Tj ET Q q 0 0 0 rg BT 402.47 565.60 Td (manage ) Tj ET Q q 0 0 0 rg BT 435.95 565.60 Td (our ) Tj ET Q q 0 0 0 rg BT 451.66 565.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 490.44 565.60 Td (Premiums ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 553.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.25 553.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 131.05 553.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 166.63 553.60 Td (\(net ) Tj ET Q q 0 0 0 rg BT 184.99 553.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.12 553.60 Td (coinsurance\), ) Tj ET Q q 0 0 0 rg BT 252.51 553.60 Td (which ) Tj ET Q q 0 0 0 rg BT 279.76 553.60 Td (are ) Tj ET Q q 0 0 0 rg BT 294.77 553.60 Td (not ) Tj ET Q q 0 0 0 rg BT 310.36 553.60 Td (included ) Tj ET Q q 0 0 0 rg BT 347.60 553.60 Td (as ) Tj ET Q q 0 0 0 rg BT 358.73 553.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 397.08 553.60 Td (\(except ) Tj ET Q q 0 0 0 rg BT 429.31 553.60 Td (for ) Tj ET Q q 0 0 0 rg BT 443.77 553.60 Td (traditional ) Tj ET Q q 0 0 0 rg BT 487.68 553.60 Td (premiums\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 541.60 Td (in ) Tj ET Q q 0 0 0 rg BT 92.38 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 108.19 541.60 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 170.10 541.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 226.47 541.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 273.95 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.88 541.60 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 335.86 541.60 Td (collected ) Tj ET Q q 0 0 0 rg BT 375.55 541.60 Td (during ) Tj ET Q q 0 0 0 rg BT 405.25 541.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.07 541.60 Td (years ) Tj ET Q q 0 0 0 rg BT 445.77 541.60 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.64 541.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.24 541.60 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 529.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 529.60 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 529.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 529.60 Td ( ) Tj ET Q q 0 0 0 rg BT 128.50 529.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.44 529.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.44 529.60 Td (, ) Tj ET Q q 0 0 0 rg BT 170.44 529.60 Td (by ) Tj ET Q q 0 0 0 rg BT 182.94 529.60 Td (product ) Tj ET Q q 0 0 0 rg BT 215.99 529.60 Td (type ) Tj ET Q q 0 0 0 rg BT 235.70 529.60 Td (were ) Tj ET Q q 0 0 0 rg BT 257.63 529.60 Td (as ) Tj ET Q q 0 0 0 rg BT 268.46 529.60 Td (follows: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.00 518.80 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 468.30 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 468.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 468.30 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 468.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 468.30 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 468.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 468.30 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 440.30 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 440.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 440.30 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 440.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 440.30 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 440.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 440.30 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 495.3 m 376.5 495.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 495.3 m 380.5 495.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 495.3 m 453.5 495.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 495.3 m 530.5 495.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 482.3 m 299.5 482.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 495.3 m 376.5 495.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 482.3 m 376.5 482.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 495.3 m 453.5 495.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 482.3 m 453.5 482.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 482.3 m 530.5 482.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 425.3 m 376.5 425.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 411.3 m 376.5 411.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 409.3 m 376.5 409.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 425.3 m 453.5 425.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 411.3 m 453.5 411.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 409.3 m 453.5 409.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 425.3 m 530.5 425.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 411.3 m 530.5 411.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 409.3 m 530.5 409.3 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 499.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.95 499.53 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 486.53 Td (Product Type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.50 486.53 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.50 486.53 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.50 486.53 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 472.55 Td (Fixed indexed annuities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.00 472.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 472.55 Td (1,861) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.00 472.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 472.55 Td (2,185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 472.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 472.55 Td (1,451) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 458.55 Td (Fixed rate annuities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.30 458.55 Td (539) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.30 458.55 Td (211) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 458.55 Td (708) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 444.55 Td (Single premium immediate annuities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.30 444.55 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 444.55 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 444.55 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 429.55 Td (Life insurance \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.30 429.55 Td (181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.30 429.55 Td (163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 429.55 Td (143) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 414.53 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.00 414.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.30 414.53 Td (2,609) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 414.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.30 414.53 Td (2,575) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 414.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 414.53 Td (2,312) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 393.80 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 105.00 393.80 Td (Life insurance includes Universal Life \(UL\) and traditional life insurance products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 374.80 Td (The ) Tj ET Q q 0 0 0 rg BT 118.53 374.80 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 180.82 374.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 219.77 374.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 265.97 374.80 Td (have ) Tj ET Q q 0 0 0 rg BT 288.82 374.80 Td (been ) Tj ET Q q 0 0 0 rg BT 311.68 374.80 Td (prepared ) Tj ET Q q 0 0 0 rg BT 350.63 374.80 Td (in ) Tj ET Q q 0 0 0 rg BT 362.39 374.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 411.33 374.80 Td (with ) Tj ET Q q 0 0 0 rg BT 433.09 374.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 454.85 374.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 496.03 374.80 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 362.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 127.37 362.80 Td (principles ) Tj ET Q q 0 0 0 rg BT 169.31 362.80 Td (\(GAAP\).) Tj ET Q endstream endobj 225 0 obj <>] /Rotate 0 /Contents 226 0 R>> endobj 226 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.70 38.10 Td (F-1) Tj ET Q q 0 0 0 rg BT 310.22 38.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 95.16 735.75 Td (Significant ) Tj ET Q q 0 0 0 rg BT 143.23 735.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 194.62 735.75 Td (Policies ) Tj ET Q q 0 0 0 rg BT 229.33 735.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.95 735.75 Td (Practices) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 714.75 Td (Principles ) Tj ET Q q 0 0 0 rg BT 137.17 714.75 Td (of ) Tj ET Q q 0 0 0 rg BT 148.00 714.75 Td (Consolidation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 695.75 Td (The ) Tj ET Q q 0 0 0 rg BT 123.88 695.75 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 185.53 695.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 239.40 695.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.72 695.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 323.27 695.75 Td (include ) Tj ET Q q 0 0 0 rg BT 356.04 695.75 Td (the ) Tj ET Q q 0 0 0 rg BT 371.59 695.75 Td (accounts ) Tj ET Q q 0 0 0 rg BT 409.91 695.75 Td (of ) Tj ET Q q 0 0 0 rg BT 421.57 695.75 Td (the ) Tj ET Q q 0 0 0 rg BT 437.12 695.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 479.35 695.75 Td (and ) Tj ET Q q 0 0 0 rg BT 497.12 695.75 Td (all ) Tj ET Q q 0 0 0 rg BT 510.45 695.75 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 683.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 112.53 683.75 Td (in ) Tj ET Q q 0 0 0 rg BT 122.95 683.75 Td (which ) Tj ET Q q 0 0 0 rg BT 150.04 683.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 168.56 683.75 Td ( ) Tj ET Q q 0 0 0 rg BT 171.21 683.75 Td (has ) Tj ET Q q 0 0 0 rg BT 187.18 683.75 Td (a ) Tj ET Q q 0 0 0 rg BT 194.27 683.75 Td (controlling ) Tj ET Q q 0 0 0 rg BT 240.79 683.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 278.42 683.75 Td (interest. ) Tj ET Q q 0 0 0 rg BT 312.42 683.75 Td (All ) Tj ET Q q 0 0 0 rg BT 327.84 683.75 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 385.47 683.75 Td (accounts ) Tj ET Q q 0 0 0 rg BT 423.10 683.75 Td (and ) Tj ET Q q 0 0 0 rg BT 440.19 683.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 490.60 683.75 Td (have ) Tj ET Q q 0 0 0 rg BT 512.12 683.75 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 671.75 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 125.71 671.75 Td (in ) Tj ET Q q 0 0 0 rg BT 135.99 671.75 Td (consolidation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 652.75 Td (W) Tj ET Q q 0 0 0 rg BT 113.64 652.75 Td (e ) Tj ET Q q 0 0 0 rg BT 121.03 652.75 Td (are ) Tj ET Q q 0 0 0 rg BT 136.20 652.75 Td (involved ) Tj ET Q q 0 0 0 rg BT 174.15 652.75 Td (in ) Tj ET Q q 0 0 0 rg BT 184.89 652.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 215.05 652.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 246.89 652.75 Td (that ) Tj ET Q q 0 0 0 rg BT 264.84 652.75 Td (are ) Tj ET Q q 0 0 0 rg BT 280.01 652.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 326.28 652.75 Td (variable ) Tj ET Q q 0 0 0 rg BT 361.44 652.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 393.83 652.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 425.67 652.75 Td (\("VIEs"\) ) Tj ET Q q 0 0 0 rg BT 464.01 652.75 Td (as ) Tj ET Q q 0 0 0 rg BT 475.29 652.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 508.24 652.75 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 640.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 107.12 640.75 Td (. ) Tj ET Q q 0 0 0 rg BT 112.67 640.75 Td ( ) Tj ET Q q 0 0 0 rg BT 115.73 640.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 134.34 640.75 Td (involvement ) Tj ET Q q 0 0 0 rg BT 187.38 640.75 Td (with ) Tj ET Q q 0 0 0 rg BT 208.00 640.75 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 231.60 640.75 Td (is ) Tj ET Q q 0 0 0 rg BT 241.33 640.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 281.60 640.75 Td (to ) Tj ET Q q 0 0 0 rg BT 292.43 640.75 Td (invest ) Tj ET Q q 0 0 0 rg BT 319.37 640.75 Td (in ) Tj ET Q q 0 0 0 rg BT 330.21 640.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 356.59 640.75 Td (that ) Tj ET Q q 0 0 0 rg BT 374.64 640.75 Td (allow ) Tj ET Q q 0 0 0 rg BT 399.92 640.75 Td (us ) Tj ET Q q 0 0 0 rg BT 411.86 640.75 Td (to ) Tj ET Q q 0 0 0 rg BT 422.70 640.75 Td (gain ) Tj ET Q q 0 0 0 rg BT 442.97 640.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 482.12 640.75 Td (to ) Tj ET Q q 0 0 0 rg BT 492.96 640.75 Td (a ) Tj ET Q q 0 0 0 rg BT 500.45 640.75 Td (broadly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 628.75 Td (diversified ) Tj ET Q q 0 0 0 rg BT 127.00 628.75 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 165.23 628.75 Td (of ) Tj ET Q q 0 0 0 rg BT 176.80 628.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 199.48 628.75 Td (classes. ) Tj ET Q q 0 0 0 rg BT 232.27 628.75 Td (A) Tj ET Q q 0 0 0 rg BT 238.94 628.75 Td ( ) Tj ET Q q 0 0 0 rg BT 241.94 628.75 Td (VIE ) Tj ET Q q 0 0 0 rg BT 261.84 628.75 Td (is ) Tj ET Q q 0 0 0 rg BT 271.75 628.75 Td (an ) Tj ET Q q 0 0 0 rg BT 284.42 628.75 Td (entity ) Tj ET Q q 0 0 0 rg BT 310.43 628.75 Td (that ) Tj ET Q q 0 0 0 rg BT 328.67 628.75 Td (does ) Tj ET Q q 0 0 0 rg BT 350.23 628.75 Td (not ) Tj ET Q q 0 0 0 rg BT 366.25 628.75 Td (have ) Tj ET Q q 0 0 0 rg BT 388.36 628.75 Td (suf) Tj ET Q q 0 0 0 rg BT 400.40 628.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 429.18 628.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 457.42 628.75 Td (to ) Tj ET Q q 0 0 0 rg BT 468.43 628.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 501.09 628.75 Td (its ) Tj ET Q q 0 0 0 rg BT 513.78 628.75 Td (own ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 616.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 121.08 616.75 Td (without ) Tj ET Q q 0 0 0 rg BT 155.63 616.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 199.60 616.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 238.57 616.75 Td (support ) Tj ET Q q 0 0 0 rg BT 272.55 616.75 Td (or ) Tj ET Q q 0 0 0 rg BT 284.87 616.75 Td (where ) Tj ET Q q 0 0 0 rg BT 313.28 616.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 353.38 616.75 Td (lack ) Tj ET Q q 0 0 0 rg BT 374.02 616.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 405.20 616.75 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 466.38 616.75 Td (of ) Tj ET Q q 0 0 0 rg BT 478.69 616.75 Td (a ) Tj ET Q q 0 0 0 rg BT 487.12 616.75 Td (controlling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 604.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.68 604.75 Td (interest. ) Tj ET Q q 0 0 0 rg BT 151.18 604.75 Td (W) Tj ET Q q 0 0 0 rg BT 159.82 604.75 Td (e ) Tj ET Q q 0 0 0 rg BT 165.96 604.75 Td (assess ) Tj ET Q q 0 0 0 rg BT 192.09 604.75 Td (our ) Tj ET Q q 0 0 0 rg BT 207.12 604.75 Td (relationships ) Tj ET Q q 0 0 0 rg BT 259.92 604.75 Td (to ) Tj ET Q q 0 0 0 rg BT 269.39 604.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 311.07 604.75 Td (if ) Tj ET Q q 0 0 0 rg BT 318.87 604.75 Td (we ) Tj ET Q q 0 0 0 rg BT 332.23 604.75 Td (have ) Tj ET Q q 0 0 0 rg BT 352.80 604.75 Td (the ) Tj ET Q q 0 0 0 rg BT 366.72 604.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 393.96 604.75 Td (to ) Tj ET Q q 0 0 0 rg BT 403.44 604.75 Td (direct ) Tj ET Q q 0 0 0 rg BT 427.90 604.75 Td (the ) Tj ET Q q 0 0 0 rg BT 441.81 604.75 Td (activities, ) Tj ET Q q 0 0 0 rg BT 482.10 604.75 Td (or ) Tj ET Q q 0 0 0 rg BT 492.13 604.75 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 592.75 Td (exert ) Tj ET Q q 0 0 0 rg BT 103.03 592.75 Td (control ) Tj ET Q q 0 0 0 rg BT 133.40 592.75 Td (to ) Tj ET Q q 0 0 0 rg BT 143.22 592.75 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 178.57 592.75 Td (if ) Tj ET Q q 0 0 0 rg BT 186.72 592.75 Td (we ) Tj ET Q q 0 0 0 rg BT 200.42 592.75 Td (are ) Tj ET Q q 0 0 0 rg BT 214.67 592.75 Td (the ) Tj ET Q q 0 0 0 rg BT 228.93 592.75 Td (primary ) Tj ET Q q 0 0 0 rg BT 262.63 592.75 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 309.64 592.75 Td (of ) Tj ET Q q 0 0 0 rg BT 320.02 592.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.13 592.75 Td (VIE. ) Tj ET Q q 0 0 0 rg BT 355.33 592.75 Td (See ) Tj ET Q q 0 0 0 rg BT 371.81 592.75 Td ("Note ) Tj ET Q q 0 0 0 rg BT 397.37 592.75 Td (4. ) Tj ET Q q 0 0 0 rg BT 406.92 592.75 Td (Investments" ) Tj ET Q q 0 0 0 rg BT 461.37 592.75 Td (to ) Tj ET Q q 0 0 0 rg BT 471.19 592.75 Td (the ) Tj ET Q q 0 0 0 rg BT 485.45 592.75 Td (Company) Tj ET Q q 0 0 0 rg BT 527.11 592.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 580.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 136.81 580.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 177.06 580.75 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.94 580.75 Td ( ) Tj ET Q q 0 0 0 rg BT 223.98 580.75 Td (for ) Tj ET Q q 0 0 0 rg BT 238.68 580.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 281.70 580.75 Td (information ) Tj ET Q q 0 0 0 rg BT 331.95 580.75 Td (on ) Tj ET Q q 0 0 0 rg BT 344.99 580.75 Td (the ) Tj ET Q q 0 0 0 rg BT 360.24 580.75 Td (Company) Tj ET Q q 0 0 0 rg BT 401.91 580.75 Td (s ) Tj ET Q q 0 0 0 rg BT 408.84 580.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 459.65 580.75 Td (in ) Tj ET Q q 0 0 0 rg BT 470.46 580.75 Td (unconsolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 568.75 Td (VIEs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 543.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 131.05 543.25 Td (Recognition ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 526.75 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 135.49 526.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 145.12 526.75 Td (emiums ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 510.25 Td (The ) Tj ET Q q 0 0 0 rg BT 122.86 510.25 Td (Company) Tj ET Q q 0 0 0 rg BT 164.52 510.25 Td (s ) Tj ET Q q 0 0 0 rg BT 170.73 510.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 211.35 510.25 Td (premiums ) Tj ET Q q 0 0 0 rg BT 253.66 510.25 Td (for ) Tj ET Q q 0 0 0 rg BT 267.63 510.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 311.04 510.25 Td (life ) Tj ET Q q 0 0 0 rg BT 326.68 510.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 367.30 510.25 Td (products ) Tj ET Q q 0 0 0 rg BT 404.05 510.25 Td (are ) Tj ET Q q 0 0 0 rg BT 418.57 510.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 464.74 510.25 Td (as ) Tj ET Q q 0 0 0 rg BT 475.38 510.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 509.34 510.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 498.25 Td (due ) Tj ET Q q 0 0 0 rg BT 97.78 498.25 Td (from ) Tj ET Q q 0 0 0 rg BT 119.56 498.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.12 498.25 Td (contractholder) Tj ET Q q 0 0 0 rg BT 191.32 498.25 Td (. ) Tj ET Q q 0 0 0 rg BT 195.99 498.25 Td (The ) Tj ET Q q 0 0 0 rg BT 213.88 498.25 Td (Company) Tj ET Q q 0 0 0 rg BT 255.55 498.25 Td (s ) Tj ET Q q 0 0 0 rg BT 261.78 498.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 305.22 498.25 Td (life ) Tj ET Q q 0 0 0 rg BT 320.89 498.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 361.55 498.25 Td (products ) Tj ET Q q 0 0 0 rg BT 398.33 498.25 Td (include ) Tj ET Q q 0 0 0 rg BT 430.11 498.25 Td (those ) Tj ET Q q 0 0 0 rg BT 453.56 498.25 Td (products ) Tj ET Q q 0 0 0 rg BT 490.34 498.25 Td (with ) Tj ET Q q 0 0 0 rg BT 510.46 498.25 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 486.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.88 486.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 144.18 486.25 Td (premiums ) Tj ET Q q 0 0 0 rg BT 186.62 486.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.50 486.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 237.59 486.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.47 486.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 284.69 486.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 324.34 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.11 486.25 Td (term ) Tj ET Q q 0 0 0 rg BT 355.88 486.25 Td (life ) Tj ET Q q 0 0 0 rg BT 371.64 486.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 412.40 486.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.28 486.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 458.92 486.25 Td (annuities ) Tj ET Q q 0 0 0 rg BT 497.46 486.25 Td (with ) Tj ET Q q 0 0 0 rg BT 517.68 486.25 Td (life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 474.25 Td (contingencies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 453.25 Td (Premium ) Tj ET Q q 0 0 0 rg BT 144.11 453.25 Td (collections ) Tj ET Q q 0 0 0 rg BT 189.87 453.25 Td (for ) Tj ET Q q 0 0 0 rg BT 203.98 453.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 226.97 453.25 Td (indexed ) Tj ET Q q 0 0 0 rg BT 261.07 453.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.95 453.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 300.94 453.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 318.37 453.25 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 359.42 453.25 Td (indexed ) Tj ET Q q 0 0 0 rg BT 393.52 453.25 Td (universal ) Tj ET Q q 0 0 0 rg BT 432.61 453.25 Td (life ) Tj ET Q q 0 0 0 rg BT 448.38 453.25 Td (\(IUL\) ) Tj ET Q q 0 0 0 rg BT 483.02 453.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 516.57 453.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 441.25 Td (immediate ) Tj ET Q q 0 0 0 rg BT 125.46 441.25 Td (annuities ) Tj ET Q q 0 0 0 rg BT 163.82 441.25 Td (without ) Tj ET Q q 0 0 0 rg BT 196.63 441.25 Td (life ) Tj ET Q q 0 0 0 rg BT 212.21 441.25 Td (contingency ) Tj ET Q q 0 0 0 rg BT 263.34 441.25 Td (are ) Tj ET Q q 0 0 0 rg BT 277.80 441.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 313.37 441.25 Td (as ) Tj ET Q q 0 0 0 rg BT 323.96 441.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 355.10 441.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 394.57 441.25 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 414.87 441.25 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 474.88 441.25 Td (funds\) ) Tj ET Q q 0 0 0 rg BT 502.68 441.25 Td (instead ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 429.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.91 429.25 Td (as ) Tj ET Q q 0 0 0 rg BT 100.82 429.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 140.43 429.25 Td (Similarly) Tj ET Q q 0 0 0 rg BT 177.01 429.25 Td (, ) Tj ET Q q 0 0 0 rg BT 181.08 429.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 200.43 429.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 240.33 429.25 Td (to ) Tj ET Q q 0 0 0 rg BT 249.69 429.25 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 305.70 429.25 Td (are ) Tj ET Q q 0 0 0 rg BT 319.49 429.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 354.38 429.25 Td (as ) Tj ET Q q 0 0 0 rg BT 364.29 429.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 404.18 429.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.53 429.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.33 429.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 460.02 429.25 Td (for ) Tj ET Q q 0 0 0 rg BT 473.25 429.25 Td (contractholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 417.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 105.40 417.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.02 417.25 Td (not ) Tj ET Q q 0 0 0 rg BT 136.98 417.25 Td (as ) Tj ET Q q 0 0 0 rg BT 147.50 417.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 188.28 417.25 Td (Sources ) Tj ET Q q 0 0 0 rg BT 222.12 417.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.63 417.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 270.35 417.25 Td (for ) Tj ET Q q 0 0 0 rg BT 284.19 417.25 Td (products ) Tj ET Q q 0 0 0 rg BT 320.81 417.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 363.52 417.25 Td (for ) Tj ET Q q 0 0 0 rg BT 377.37 417.25 Td (as ) Tj ET Q q 0 0 0 rg BT 387.88 417.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 418.95 417.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 458.34 417.25 Td (are ) Tj ET Q q 0 0 0 rg BT 472.73 417.25 Td (net ) Tj ET Q q 0 0 0 rg BT 487.13 417.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 405.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 117.01 405.25 Td (surrender ) Tj ET Q q 0 0 0 rg BT 158.84 405.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.35 405.25 Td (other ) Tj ET Q q 0 0 0 rg BT 201.96 405.25 Td (char) Tj ET Q q 0 0 0 rg BT 218.99 405.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 236.39 405.25 Td (deducted ) Tj ET Q q 0 0 0 rg BT 276.56 405.25 Td (from ) Tj ET Q q 0 0 0 rg BT 300.07 405.25 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 361.89 405.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 390.68 405.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.19 405.25 Td (net ) Tj ET Q q 0 0 0 rg BT 425.48 405.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 461.19 405.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 486.37 405.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 521.00 405.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 393.25 Td (investments. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 367.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 109.39 367.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 155.20 367.75 Td (Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 351.25 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 148.44 351.25 Td (and ) Tj ET Q q 0 0 0 rg BT 165.21 351.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 196.98 351.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 231.25 351.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 268.56 351.25 Td (in ) Tj ET Q q 0 0 0 rg BT 278.67 351.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 299.88 351.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 346.10 351.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 384.80 351.25 Td (are ) Tj ET Q q 0 0 0 rg BT 399.35 351.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 445.54 351.25 Td (when ) Tj ET Q q 0 0 0 rg BT 469.54 351.25 Td (earned. ) Tj ET Q q 0 0 0 rg BT 501.02 351.25 Td (Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 339.25 Td (or ) Tj ET Q q 0 0 0 rg BT 92.21 339.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 118.97 339.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 141.85 339.25 Td (call ) Tj ET Q q 0 0 0 rg BT 159.16 339.25 Td (or ) Tj ET Q q 0 0 0 rg BT 170.36 339.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 220.44 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.64 339.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 282.52 339.25 Td (-sale ) Tj ET Q q 0 0 0 rg BT 304.27 339.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 327.70 339.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 364.45 339.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 405.09 339.25 Td (is ) Tj ET Q q 0 0 0 rg BT 414.64 339.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 461.37 339.25 Td (in ) Tj ET Q q 0 0 0 rg BT 472.03 339.25 Td (net ) Tj ET Q q 0 0 0 rg BT 487.12 339.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 327.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 115.72 327.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 172.62 327.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.52 327.25 Td (premiums ) Tj ET Q q 0 0 0 rg BT 228.10 327.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.11 327.25 Td (accretion ) Tj ET Q q 0 0 0 rg BT 286.33 327.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.24 327.25 Td (discounts ) Tj ET Q q 0 0 0 rg BT 339.59 327.25 Td (on ) Tj ET Q q 0 0 0 rg BT 353.17 327.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 404.52 327.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.87 327.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 440.00 327.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 477.45 327.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 518.79 327.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 315.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 118.79 315.25 Td (in ) Tj ET Q q 0 0 0 rg BT 129.39 315.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 151.09 315.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 197.79 315.25 Td (income ) Tj ET Q q 0 0 0 rg BT 234.49 315.25 Td (over ) Tj ET Q q 0 0 0 rg BT 255.08 315.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.11 315.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 317.35 315.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 342.39 315.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.54 315.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.58 315.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 419.18 315.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.78 315.25 Td (a ) Tj ET Q q 0 0 0 rg BT 437.04 315.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 469.84 315.25 Td (that ) Tj ET Q q 0 0 0 rg BT 487.66 315.25 Td (produces ) Tj ET Q q 0 0 0 rg BT 526.58 315.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 303.25 Td (constant ) Tj ET Q q 0 0 0 rg BT 116.83 303.25 Td (ef) Tj ET Q q 0 0 0 rg BT 124.41 303.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 154.12 303.25 Td (yield.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 282.25 Td (For ) Tj ET Q q 0 0 0 rg BT 121.11 282.25 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 192.74 282.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.40 282.25 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 262.71 282.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 305.19 282.25 Td (included ) Tj ET Q q 0 0 0 rg BT 341.84 282.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.84 282.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.28 282.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 389.05 282.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 425.15 282.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 476.03 282.25 Td (-sale ) Tj ET Q q 0 0 0 rg BT 497.13 282.25 Td (\(AFS\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 270.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 123.13 270.25 Td (portfolios, ) Tj ET Q q 0 0 0 rg BT 168.87 270.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.45 270.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 228.70 270.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 275.82 270.25 Td (income ) Tj ET Q q 0 0 0 rg BT 309.61 270.25 Td (using ) Tj ET Q q 0 0 0 rg BT 335.64 270.25 Td (a ) Tj ET Q q 0 0 0 rg BT 344.44 270.25 Td (constant ) Tj ET Q q 0 0 0 rg BT 382.13 270.25 Td (ef) Tj ET Q q 0 0 0 rg BT 389.72 270.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 421.28 270.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 445.64 270.25 Td (based ) Tj ET Q q 0 0 0 rg BT 472.77 270.25 Td (on ) Tj ET Q q 0 0 0 rg BT 487.13 270.25 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 258.25 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 134.29 258.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.93 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.35 258.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 205.87 258.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 246.94 258.25 Td (life ) Tj ET Q q 0 0 0 rg BT 262.46 258.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.99 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.41 258.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 329.72 258.25 Td (When ) Tj ET Q q 0 0 0 rg BT 355.79 258.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 381.86 258.25 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 435.16 258.25 Td (dif) Tj ET Q q 0 0 0 rg BT 446.08 258.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 459.38 258.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 511.57 258.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 246.25 Td (originally ) Tj ET Q q 0 0 0 rg BT 122.54 246.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 169.06 246.25 Td (prepayments, ) Tj ET Q q 0 0 0 rg BT 225.31 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.18 246.25 Td (ef) Tj ET Q q 0 0 0 rg BT 247.77 246.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 277.63 246.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 300.28 246.25 Td (is ) Tj ET Q q 0 0 0 rg BT 309.61 246.25 Td (recalculated ) Tj ET Q q 0 0 0 rg BT 360.56 246.25 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 417.09 246.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.52 246.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 455.71 246.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 482.24 246.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 523.22 246.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 234.25 Td (date ) Tj ET Q q 0 0 0 rg BT 100.29 234.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 119.60 234.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 166.10 234.25 Td (future ) Tj ET Q q 0 0 0 rg BT 192.61 234.25 Td (payments. ) Tj ET Q q 0 0 0 rg BT 235.49 234.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 255.35 234.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 305.76 234.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 343.39 234.25 Td (from ) Tj ET Q q 0 0 0 rg BT 365.46 234.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 400.31 234.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.72 234.25 Td (ef) Tj ET Q q 0 0 0 rg BT 418.31 234.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 448.15 234.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 470.78 234.25 Td (are ) Tj ET Q q 0 0 0 rg BT 485.62 234.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 523.23 234.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 222.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 102.38 222.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 148.76 222.25 Td (income) Tj ET Q q 0 0 0 rg BT 180.78 222.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 196.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 109.39 196.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 155.20 196.75 Td (Gains ) Tj ET Q q 0 0 0 rg BT 181.59 196.75 Td (\(Losses\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 180.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 122.28 180.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 168.99 180.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 192.94 180.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 226.33 180.25 Td (include ) Tj ET Q q 0 0 0 rg BT 258.60 180.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 293.08 180.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 317.02 180.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.30 180.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 361.03 180.25 Td (from ) Tj ET Q q 0 0 0 rg BT 383.30 180.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.35 180.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 416.74 180.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.91 180.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 481.02 180.25 Td (write-downs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 168.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.87 168.25 Td (other) Tj ET Q q 0 0 0 rg BT 115.22 168.25 Td (-than-temporary ) Tj ET Q q 0 0 0 rg BT 182.40 168.25 Td (impairments ) Tj ET Q q 0 0 0 rg BT 234.60 168.25 Td (\("OTTI"\) ) Tj ET Q q 0 0 0 rg BT 274.40 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.46 168.25 Td (AFS ) Tj ET Q q 0 0 0 rg BT 305.01 168.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 357.50 168.25 Td (other ) Tj ET Q q 0 0 0 rg BT 380.25 168.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 415.79 168.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 443.83 168.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 493.24 168.25 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 156.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 103.40 156.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.13 156.25 Td (related ) Tj ET Q q 0 0 0 rg BT 147.63 156.25 Td (party ) Tj ET Q q 0 0 0 rg BT 169.47 156.25 Td (loans, ) Tj ET Q q 0 0 0 rg BT 194.37 156.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.10 156.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 232.50 156.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.23 156.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 273.42 156.25 Td (on ) Tj ET Q q 0 0 0 rg BT 284.71 156.25 Td (derivatives. ) Tj ET Q q 0 0 0 rg BT 332.38 156.25 Td (Realized ) Tj ET Q q 0 0 0 rg BT 368.65 156.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 391.05 156.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.78 156.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 431.97 156.25 Td (on ) Tj ET Q q 0 0 0 rg BT 443.26 156.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.77 156.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 473.61 156.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.23 156.25 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 144.25 Td (are ) Tj ET Q q 0 0 0 rg BT 95.71 144.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 143.19 144.25 Td (using ) Tj ET Q q 0 0 0 rg BT 167.36 144.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.07 144.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 215.67 144.25 Td (identification ) Tj ET Q q 0 0 0 rg BT 271.48 144.25 Td (method.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 118.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 102.63 118.75 Td (oduct ) Tj ET Q q 0 0 0 rg BT 127.35 118.75 Td (Fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 102.25 Td (Product ) Tj ET Q q 0 0 0 rg BT 139.62 102.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 155.33 102.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 190.49 102.25 Td (from ) Tj ET Q q 0 0 0 rg BT 213.44 102.25 Td (IUL) Tj ET Q q 0 0 0 rg BT 229.73 102.25 Td ( ) Tj ET Q q 0 0 0 rg BT 233.24 102.25 Td (products ) Tj ET Q q 0 0 0 rg BT 271.19 102.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.13 102.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 325.95 102.25 Td (annuities ) Tj ET Q q 0 0 0 rg BT 365.56 102.25 Td (is ) Tj ET Q q 0 0 0 rg BT 375.74 102.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 420.91 102.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.75 102.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 461.25 102.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.20 102.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 514.91 102.25 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 90.25 Td (char) Tj ET Q q 0 0 0 rg BT 98.03 90.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 115.14 90.25 Td (for ) Tj ET Q q 0 0 0 rg BT 129.47 90.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.36 90.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 163.14 90.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.14 90.25 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 217.63 90.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.74 90.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 262.41 90.25 Td (administration ) Tj ET Q q 0 0 0 rg BT 322.85 90.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.96 90.25 Td (rider ) Tj ET Q q 0 0 0 rg BT 361.51 90.25 Td (fees. ) Tj ET Q q 0 0 0 rg BT 382.78 90.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 403.78 90.25 Td (are ) Tj ET Q q 0 0 0 rg BT 418.66 90.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 455.22 90.25 Td (on ) Tj ET Q q 0 0 0 rg BT 467.89 90.25 Td (a ) Tj ET Q q 0 0 0 rg BT 475.00 90.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 511.01 90.25 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 78.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.82 78.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 144.05 78.25 Td (as ) Tj ET Q q 0 0 0 rg BT 154.76 78.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 188.78 78.25 Td (when ) Tj ET Q q 0 0 0 rg BT 212.82 78.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 249.08 78.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.90 78.25 Td (earned. ) Tj ET Q q 0 0 0 rg BT 297.42 78.25 Td (Product ) Tj ET Q q 0 0 0 rg BT 330.90 78.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 345.49 78.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 379.51 78.25 Td (also ) Tj ET Q q 0 0 0 rg BT 398.00 78.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 433.70 78.25 Td (surrender ) Tj ET Q q 0 0 0 rg BT 473.83 78.25 Td (char) Tj ET Q q 0 0 0 rg BT 490.86 78.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 506.57 78.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 66.25 Td (are ) Tj ET Q q 0 0 0 rg BT 95.71 66.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 134.30 66.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.23 66.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 197.60 66.25 Td (as ) Tj ET Q q 0 0 0 rg BT 208.43 66.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 242.57 66.25 Td (when ) Tj ET Q q 0 0 0 rg BT 266.73 66.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.45 66.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 308.94 66.25 Td (is ) Tj ET Q q 0 0 0 rg BT 318.11 66.25 Td (surrendered.) Tj ET Q endstream endobj 227 0 obj <>] /Rotate 0 /Contents 228 0 R>> endobj 228 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-12) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 735.75 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 129.39 735.75 Td (and ) Tj ET Q q 0 0 0 rg BT 147.45 735.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 173.84 735.75 Td (Changes ) Tj ET Q q 0 0 0 rg BT 212.46 735.75 Td (in ) Tj ET Q q 0 0 0 rg BT 223.30 735.75 Td (Policy ) Tj ET Q q 0 0 0 rg BT 251.34 735.75 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 716.75 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 140.17 716.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 179.01 716.75 Td (for ) Tj ET Q q 0 0 0 rg BT 193.41 716.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 229.46 716.75 Td (annuity) Tj ET Q q 0 0 0 rg BT 258.81 716.75 Td (, ) Tj ET Q q 0 0 0 rg BT 264.05 716.75 Td (FIA) Tj ET Q q 0 0 0 rg BT 279.61 716.75 Td ( ) Tj ET Q q 0 0 0 rg BT 282.35 716.75 Td (and ) Tj ET Q q 0 0 0 rg BT 299.53 716.75 Td (IUL) Tj ET Q q 0 0 0 rg BT 315.82 716.75 Td ( ) Tj ET Q q 0 0 0 rg BT 318.56 716.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 352.40 716.75 Td (include ) Tj ET Q q 0 0 0 rg BT 384.58 716.75 Td (index ) Tj ET Q q 0 0 0 rg BT 409.53 716.75 Td (credits ) Tj ET Q q 0 0 0 rg BT 438.93 716.75 Td (and ) Tj ET Q q 0 0 0 rg BT 456.11 716.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 488.28 716.75 Td (credited ) Tj ET Q q 0 0 0 rg BT 523.23 716.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 704.75 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 140.00 704.75 Td (account ) Tj ET Q q 0 0 0 rg BT 172.35 704.75 Td (balances ) Tj ET Q q 0 0 0 rg BT 208.03 704.75 Td (and ) Tj ET Q q 0 0 0 rg BT 223.72 704.75 Td (benefit ) Tj ET Q q 0 0 0 rg BT 252.74 704.75 Td (claims ) Tj ET Q q 0 0 0 rg BT 280.10 704.75 Td (incurred ) Tj ET Q q 0 0 0 rg BT 314.67 704.75 Td (during ) Tj ET Q q 0 0 0 rg BT 342.04 704.75 Td (the ) Tj ET Q q 0 0 0 rg BT 355.51 704.75 Td (period ) Tj ET Q q 0 0 0 rg BT 382.31 704.75 Td (in ) Tj ET Q q 0 0 0 rg BT 391.34 704.75 Td (excess ) Tj ET Q q 0 0 0 rg BT 418.70 704.75 Td (of ) Tj ET Q q 0 0 0 rg BT 428.28 704.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 461.74 704.75 Td (account ) Tj ET Q q 0 0 0 rg BT 494.09 704.75 Td (balances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 692.75 Td (Interest ) Tj ET Q q 0 0 0 rg BT 113.48 692.75 Td (crediting ) Tj ET Q q 0 0 0 rg BT 151.51 692.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 172.88 692.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 216.46 692.75 Td (with ) Tj ET Q q 0 0 0 rg BT 236.73 692.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 261.45 692.75 Td (invested ) Tj ET Q q 0 0 0 rg BT 297.27 692.75 Td (in ) Tj ET Q q 0 0 0 rg BT 307.54 692.75 Td (the ) Tj ET Q q 0 0 0 rg BT 322.24 692.75 Td (general ) Tj ET Q q 0 0 0 rg BT 354.16 692.75 Td (account ) Tj ET Q q 0 0 0 rg BT 387.74 692.75 Td (of ) Tj ET Q q 0 0 0 rg BT 398.57 692.75 Td (our ) Tj ET Q q 0 0 0 rg BT 414.39 692.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 455.20 692.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 504.90 692.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 680.75 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 680.75 Td ( ) Tj ET Q q 0 0 0 rg BT 103.53 680.75 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.17 680.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.17 680.75 Td ( ) Tj ET Q q 0 0 0 rg BT 159.70 680.75 Td (ranged ) Tj ET Q q 0 0 0 rg BT 189.43 680.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.40 680.75 Td (0.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.23 680.75 Td ( ) Tj ET Q q 0 0 0 rg BT 234.76 680.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.07 680.75 Td (6.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.90 680.75 Td ( ) Tj ET Q q 0 0 0 rg BT 268.43 680.75 Td (for ) Tj ET Q q 0 0 0 rg BT 282.62 680.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 318.45 680.75 Td (annuities ) Tj ET Q q 0 0 0 rg BT 357.08 680.75 Td (and ) Tj ET Q q 0 0 0 rg BT 374.05 680.75 Td (FIA's, ) Tj ET Q q 0 0 0 rg BT 400.89 680.75 Td (combined, ) Tj ET Q q 0 0 0 rg BT 445.35 680.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.32 680.75 Td (0.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 680.75 Td ( ) Tj ET Q q 0 0 0 rg BT 485.68 680.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.99 680.75 Td (4.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.82 680.75 Td ( ) Tj ET Q q 0 0 0 rg BT 519.34 680.75 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 668.75 Td (IUL's. ) Tj ET Q q 0 0 0 rg BT 108.49 668.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 133.90 668.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 168.75 668.75 Td (in ) Tj ET Q q 0 0 0 rg BT 179.17 668.75 Td (policy ) Tj ET Q q 0 0 0 rg BT 206.81 668.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 242.21 668.75 Td (include ) Tj ET Q q 0 0 0 rg BT 274.28 668.75 Td (the ) Tj ET Q q 0 0 0 rg BT 289.14 668.75 Td (change ) Tj ET Q q 0 0 0 rg BT 320.09 668.75 Td (in ) Tj ET Q q 0 0 0 rg BT 330.51 668.75 Td (the ) Tj ET Q q 0 0 0 rg BT 345.37 668.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 361.89 668.75 Td (value ) Tj ET Q q 0 0 0 rg BT 386.18 668.75 Td (of ) Tj ET Q q 0 0 0 rg BT 397.15 668.75 Td (the ) Tj ET Q q 0 0 0 rg BT 412.01 668.75 Td (FIA) Tj ET Q q 0 0 0 rg BT 427.57 668.75 Td ( ) Tj ET Q q 0 0 0 rg BT 430.21 668.75 Td (embedded ) Tj ET Q q 0 0 0 rg BT 473.95 668.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 516.57 668.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.75 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 656.75 Td (change ) Tj ET Q q 0 0 0 rg BT 126.53 656.75 Td (in ) Tj ET Q q 0 0 0 rg BT 136.81 656.75 Td (the ) Tj ET Q q 0 0 0 rg BT 151.53 656.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 182.89 656.75 Td (for ) Tj ET Q q 0 0 0 rg BT 197.05 656.75 Td (secondary ) Tj ET Q q 0 0 0 rg BT 240.09 656.75 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 281.45 656.75 Td (benefit ) Tj ET Q q 0 0 0 rg BT 311.72 656.75 Td (payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 637.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 132.06 637.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 165.56 637.75 Td (in ) Tj ET Q q 0 0 0 rg BT 174.63 637.75 Td (policy ) Tj ET Q q 0 0 0 rg BT 200.92 637.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 234.97 637.75 Td (also ) Tj ET Q q 0 0 0 rg BT 252.37 637.75 Td (include ) Tj ET Q q 0 0 0 rg BT 283.09 637.75 Td (the ) Tj ET Q q 0 0 0 rg BT 296.60 637.75 Td (change ) Tj ET Q q 0 0 0 rg BT 326.21 637.75 Td (in ) Tj ET Q q 0 0 0 rg BT 335.28 637.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 369.33 637.75 Td (for ) Tj ET Q q 0 0 0 rg BT 382.28 637.75 Td (life ) Tj ET Q q 0 0 0 rg BT 396.89 637.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 436.50 637.75 Td (products. ) Tj ET Q q 0 0 0 rg BT 474.73 637.75 Td (For ) Tj ET Q q 0 0 0 rg BT 489.91 637.75 Td (traditional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 625.75 Td (life ) Tj ET Q q 0 0 0 rg BT 96.10 625.75 Td (and ) Tj ET Q q 0 0 0 rg BT 112.32 625.75 Td (immediate ) Tj ET Q q 0 0 0 rg BT 156.31 625.75 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 196.69 625.75 Td (policy ) Tj ET Q q 0 0 0 rg BT 223.47 625.75 Td (benefit ) Tj ET Q q 0 0 0 rg BT 253.01 625.75 Td (claims ) Tj ET Q q 0 0 0 rg BT 280.90 625.75 Td (are ) Tj ET Q q 0 0 0 rg BT 294.88 625.75 Td (char) Tj ET Q q 0 0 0 rg BT 311.91 625.75 Td (ged ) Tj ET Q q 0 0 0 rg BT 328.13 625.75 Td (to ) Tj ET Q q 0 0 0 rg BT 337.68 625.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 371.67 625.75 Td (in ) Tj ET Q q 0 0 0 rg BT 381.23 625.75 Td (the ) Tj ET Q q 0 0 0 rg BT 395.23 625.75 Td (period ) Tj ET Q q 0 0 0 rg BT 422.55 625.75 Td (that ) Tj ET Q q 0 0 0 rg BT 439.33 625.75 Td (the ) Tj ET Q q 0 0 0 rg BT 453.32 625.75 Td (claims ) Tj ET Q q 0 0 0 rg BT 481.21 625.75 Td (are ) Tj ET Q q 0 0 0 rg BT 495.19 625.75 Td (incurred. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 606.75 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 146.61 606.75 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 587.75 Td (In ) Tj ET Q q 0 0 0 rg BT 118.87 587.75 Td (general, ) Tj ET Q q 0 0 0 rg BT 153.33 587.75 Td (we ) Tj ET Q q 0 0 0 rg BT 167.53 587.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 202.27 587.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.03 587.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 233.44 587.75 Td (value ) Tj ET Q q 0 0 0 rg BT 257.64 587.75 Td (of ) Tj ET Q q 0 0 0 rg BT 268.50 587.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 292.15 587.75 Td (awards ) Tj ET Q q 0 0 0 rg BT 323.01 587.75 Td (included ) Tj ET Q q 0 0 0 rg BT 359.98 587.75 Td (in ) Tj ET Q q 0 0 0 rg BT 370.30 587.75 Td (our ) Tj ET Q q 0 0 0 rg BT 386.17 587.75 Td (incentive ) Tj ET Q q 0 0 0 rg BT 425.35 587.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 483.43 587.75 Td (plans. ) Tj ET Q q 0 0 0 rg BT 509.02 587.75 Td (As ) Tj ET Q q 0 0 0 rg BT 522.67 587.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 575.75 Td (the ) Tj ET Q q 0 0 0 rg BT 96.60 575.75 Td (date ) Tj ET Q q 0 0 0 rg BT 116.65 575.75 Td (our ) Tj ET Q q 0 0 0 rg BT 133.37 575.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 157.86 575.75 Td (awards ) Tj ET Q q 0 0 0 rg BT 189.57 575.75 Td (are ) Tj ET Q q 0 0 0 rg BT 205.16 575.75 Td (approved ) Tj ET Q q 0 0 0 rg BT 245.76 575.75 Td (and ) Tj ET Q q 0 0 0 rg BT 263.58 575.75 Td (communicated ) Tj ET Q q 0 0 0 rg BT 325.84 575.75 Td (to ) Tj ET Q q 0 0 0 rg BT 337.01 575.75 Td (the ) Tj ET Q q 0 0 0 rg BT 352.61 575.75 Td (recipients, ) Tj ET Q q 0 0 0 rg BT 397.37 575.75 Td (the ) Tj ET Q q 0 0 0 rg BT 412.97 575.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 430.24 575.75 Td (value ) Tj ET Q q 0 0 0 rg BT 455.28 575.75 Td (of ) Tj ET Q q 0 0 0 rg BT 467.00 575.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 491.50 575.75 Td (options ) Tj ET Q q 0 0 0 rg BT 524.33 575.75 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 563.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 127.85 563.75 Td (using ) Tj ET Q q 0 0 0 rg BT 151.39 563.75 Td (a ) Tj ET Q q 0 0 0 rg BT 157.70 563.75 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 217.34 563.75 Td (options ) Tj ET Q q 0 0 0 rg BT 248.66 563.75 Td (valuation ) Tj ET Q q 0 0 0 rg BT 287.74 563.75 Td (methodology) Tj ET Q q 0 0 0 rg BT 339.87 563.75 Td (, ) Tj ET Q q 0 0 0 rg BT 344.24 563.75 Td (and ) Tj ET Q q 0 0 0 rg BT 360.55 563.75 Td (the ) Tj ET Q q 0 0 0 rg BT 374.64 563.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 390.38 563.75 Td (value ) Tj ET Q q 0 0 0 rg BT 413.91 563.75 Td (of ) Tj ET Q q 0 0 0 rg BT 424.11 563.75 Td (other ) Tj ET Q q 0 0 0 rg BT 446.53 563.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 469.51 563.75 Td (awards ) Tj ET Q q 0 0 0 rg BT 499.70 563.75 Td (is ) Tj ET Q q 0 0 0 rg BT 508.25 563.75 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 551.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 102.77 551.75 Td (the ) Tj ET Q q 0 0 0 rg BT 116.75 551.75 Td (market ) Tj ET Q q 0 0 0 rg BT 146.28 551.75 Td (value ) Tj ET Q q 0 0 0 rg BT 169.70 551.75 Td (of ) Tj ET Q q 0 0 0 rg BT 179.80 551.75 Td (the ) Tj ET Q q 0 0 0 rg BT 193.78 551.75 Td (stock. ) Tj ET Q q 0 0 0 rg BT 219.03 551.75 Td (The ) Tj ET Q q 0 0 0 rg BT 236.34 551.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 251.99 551.75 Td (value ) Tj ET Q q 0 0 0 rg BT 275.41 551.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.50 551.75 Td (the ) Tj ET Q q 0 0 0 rg BT 299.49 551.75 Td (awards ) Tj ET Q q 0 0 0 rg BT 329.58 551.75 Td (is ) Tj ET Q q 0 0 0 rg BT 338.01 551.75 Td (expensed ) Tj ET Q q 0 0 0 rg BT 376.99 551.75 Td (over ) Tj ET Q q 0 0 0 rg BT 396.52 551.75 Td (the ) Tj ET Q q 0 0 0 rg BT 410.50 551.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 462.79 551.75 Td (or ) Tj ET Q q 0 0 0 rg BT 472.89 551.75 Td (service ) Tj ET Q q 0 0 0 rg BT 502.97 551.75 Td (period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 539.75 Td (which ) Tj ET Q q 0 0 0 rg BT 107.52 539.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 146.79 539.75 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 197.19 539.75 Td (to ) Tj ET Q q 0 0 0 rg BT 207.05 539.75 Td (the ) Tj ET Q q 0 0 0 rg BT 221.34 539.75 Td (vesting ) Tj ET Q q 0 0 0 rg BT 252.30 539.75 Td (period, ) Tj ET Q q 0 0 0 rg BT 282.43 539.75 Td (and ) Tj ET Q q 0 0 0 rg BT 298.94 539.75 Td (is ) Tj ET Q q 0 0 0 rg BT 307.69 539.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 353.63 539.75 Td (as ) Tj ET Q q 0 0 0 rg BT 364.03 539.75 Td (an ) Tj ET Q q 0 0 0 rg BT 375.55 539.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 410.38 539.75 Td (to ) Tj ET Q q 0 0 0 rg BT 420.23 539.75 Td (Additional ) Tj ET Q q 0 0 0 rg BT 469.52 539.75 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 499.92 539.75 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 527.75 Td (in ) Tj ET Q q 0 0 0 rg BT 90.27 527.75 Td (Shareholders) Tj ET Q q 0 0 0 rg BT 149.51 527.75 Td ( ) Tj ET Q q 0 0 0 rg BT 151.00 527.75 Td (equity. ) Tj ET Q q 0 0 0 rg BT 184.32 527.75 Td (W) Tj ET Q q 0 0 0 rg BT 192.96 527.75 Td (e ) Tj ET Q q 0 0 0 rg BT 198.90 527.75 Td (classify ) Tj ET Q q 0 0 0 rg BT 230.94 527.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 259.64 527.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 282.24 527.75 Td (awards ) Tj ET Q q 0 0 0 rg BT 312.06 527.75 Td (as ) Tj ET Q q 0 0 0 rg BT 321.88 527.75 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 363.09 527.75 Td (For ) Tj ET Q q 0 0 0 rg BT 378.48 527.75 Td (these ) Tj ET Q q 0 0 0 rg BT 400.52 527.75 Td (awards, ) Tj ET Q q 0 0 0 rg BT 432.84 527.75 Td (the ) Tj ET Q q 0 0 0 rg BT 446.55 527.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 461.92 527.75 Td (value ) Tj ET Q q 0 0 0 rg BT 485.08 527.75 Td (is ) Tj ET Q q 0 0 0 rg BT 493.24 527.75 Td (classified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 515.75 Td (as ) Tj ET Q q 0 0 0 rg BT 91.71 515.75 Td (a ) Tj ET Q q 0 0 0 rg BT 98.52 515.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 132.01 515.75 Td (on ) Tj ET Q q 0 0 0 rg BT 144.38 515.75 Td (our ) Tj ET Q q 0 0 0 rg BT 160.09 515.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 215.24 515.75 Td (Balance ) Tj ET Q q 0 0 0 rg BT 249.82 515.75 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 280.81 515.75 Td (and ) Tj ET Q q 0 0 0 rg BT 297.62 515.75 Td (the ) Tj ET Q q 0 0 0 rg BT 312.22 515.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 345.70 515.75 Td (is ) Tj ET Q q 0 0 0 rg BT 354.75 515.75 Td (marked-to-market ) Tj ET Q q 0 0 0 rg BT 429.31 515.75 Td (through ) Tj ET Q q 0 0 0 rg BT 462.80 515.75 Td (net ) Tj ET Q q 0 0 0 rg BT 477.39 515.75 Td (income ) Tj ET Q q 0 0 0 rg BT 509.20 515.75 Td (at ) Tj ET Q q 0 0 0 rg BT 518.80 515.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 503.75 Td (end ) Tj ET Q q 0 0 0 rg BT 99.66 503.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.21 503.75 Td (each ) Tj ET Q q 0 0 0 rg BT 134.74 503.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 175.62 503.75 Td (period. ) Tj ET Q q 0 0 0 rg BT 207.89 503.75 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 260.98 503.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 320.75 503.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 357.17 503.75 Td (is ) Tj ET Q q 0 0 0 rg BT 368.06 503.75 Td (reflected ) Tj ET Q q 0 0 0 rg BT 407.25 503.75 Td (in ) Tj ET Q q 0 0 0 rg BT 419.25 503.75 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 474.58 503.75 Td (and ) Tj ET Q q 0 0 0 rg BT 493.24 503.75 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 491.75 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 122.29 491.75 Td (net ) Tj ET Q q 0 0 0 rg BT 137.19 491.75 Td (of ) Tj ET Q q 0 0 0 rg BT 148.21 491.75 Td (deferrals ) Tj ET Q q 0 0 0 rg BT 190.31 491.75 Td (on ) Tj ET Q q 0 0 0 rg BT 203.00 491.75 Td (our ) Tj ET Q q 0 0 0 rg BT 219.02 491.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 274.48 491.75 Td (Statements ) Tj ET Q q 0 0 0 rg BT 321.05 491.75 Td (of ) Tj ET Q q 0 0 0 rg BT 332.07 491.75 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 381.13 491.75 Td (If ) Tj ET Q q 0 0 0 rg BT 390.48 491.75 Td (we ) Tj ET Q q 0 0 0 rg BT 404.83 491.75 Td (modify ) Tj ET Q q 0 0 0 rg BT 436.40 491.75 Td (an ) Tj ET Q q 0 0 0 rg BT 448.53 491.75 Td (award ) Tj ET Q q 0 0 0 rg BT 475.65 491.75 Td (or ) Tj ET Q q 0 0 0 rg BT 486.66 491.75 Td (change ) Tj ET Q q 0 0 0 rg BT 517.67 491.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 479.75 Td (intent ) Tj ET Q q 0 0 0 rg BT 106.45 479.75 Td (to ) Tj ET Q q 0 0 0 rg BT 116.91 479.75 Td (settle ) Tj ET Q q 0 0 0 rg BT 140.69 479.75 Td (an ) Tj ET Q q 0 0 0 rg BT 152.81 479.75 Td (award ) Tj ET Q q 0 0 0 rg BT 179.92 479.75 Td (in ) Tj ET Q q 0 0 0 rg BT 190.38 479.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 218.05 479.75 Td (or ) Tj ET Q q 0 0 0 rg BT 229.06 479.75 Td (cash, ) Tj ET Q q 0 0 0 rg BT 252.01 479.75 Td (we ) Tj ET Q q 0 0 0 rg BT 266.35 479.75 Td (recognize ) Tj ET Q q 0 0 0 rg BT 307.89 479.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 350.56 479.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 408.79 479.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 443.67 479.75 Td (for ) Tj ET Q q 0 0 0 rg BT 458.01 479.75 Td (the ) Tj ET Q q 0 0 0 rg BT 472.91 479.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 508.34 479.75 Td (in ) Tj ET Q q 0 0 0 rg BT 518.80 479.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 467.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 97.64 467.75 Td (value ) Tj ET Q q 0 0 0 rg BT 122.05 467.75 Td (of ) Tj ET Q q 0 0 0 rg BT 133.14 467.75 Td (the ) Tj ET Q q 0 0 0 rg BT 148.11 467.75 Td (award ) Tj ET Q q 0 0 0 rg BT 175.30 467.75 Td (between ) Tj ET Q q 0 0 0 rg BT 211.38 467.75 Td (the ) Tj ET Q q 0 0 0 rg BT 226.35 467.75 Td (grant ) Tj ET Q q 0 0 0 rg BT 249.66 467.75 Td (date ) Tj ET Q q 0 0 0 rg BT 269.07 467.75 Td (and ) Tj ET Q q 0 0 0 rg BT 286.27 467.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.24 467.75 Td (date ) Tj ET Q q 0 0 0 rg BT 320.66 467.75 Td (of ) Tj ET Q q 0 0 0 rg BT 331.75 467.75 Td (modification ) Tj ET Q q 0 0 0 rg BT 385.60 467.75 Td (for ) Tj ET Q q 0 0 0 rg BT 400.02 467.75 Td (change ) Tj ET Q q 0 0 0 rg BT 431.10 467.75 Td (in ) Tj ET Q q 0 0 0 rg BT 441.63 467.75 Td (intent ) Tj ET Q q 0 0 0 rg BT 467.17 467.75 Td (and ) Tj ET Q q 0 0 0 rg BT 484.36 467.75 Td (any ) Tj ET Q q 0 0 0 rg BT 501.56 467.75 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 455.75 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 128.12 455.75 Td (to ) Tj ET Q q 0 0 0 rg BT 138.57 455.75 Td (the ) Tj ET Q q 0 0 0 rg BT 153.47 455.75 Td (modification, ) Tj ET Q q 0 0 0 rg BT 209.74 455.75 Td (if ) Tj ET Q q 0 0 0 rg BT 218.53 455.75 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 264.20 455.75 Td (As ) Tj ET Q q 0 0 0 rg BT 277.99 455.75 Td (described ) Tj ET Q q 0 0 0 rg BT 318.98 455.75 Td (under ) Tj ET Q q 0 0 0 rg BT 344.43 455.75 Td ("Recent ) Tj ET Q q 0 0 0 rg BT 378.36 455.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 427.69 455.75 Td (Pronouncements" ) Tj ET Q q 0 0 0 rg BT 501.11 455.75 Td (in ) Tj ET Q q 0 0 0 rg BT 511.56 455.75 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 443.75 Td (2, ) Tj ET Q q 0 0 0 rg BT 90.38 443.75 Td (the ) Tj ET Q q 0 0 0 rg BT 104.47 443.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.23 443.75 Td (early ) Tj ET Q q 0 0 0 rg BT 167.09 443.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 200.21 443.75 Td (ASU ) Tj ET Q q 0 0 0 rg BT 222.09 443.75 Td (2016-09 ) Tj ET Q q 0 0 0 rg BT 257.29 443.75 Td (ef) Tj ET Q q 0 0 0 rg BT 264.88 443.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 293.96 443.75 Td (October ) Tj ET Q q 0 0 0 rg BT 328.04 443.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 337.41 443.75 Td (2015. ) Tj ET Q q 0 0 0 rg BT 361.65 443.75 Td (The ) Tj ET Q q 0 0 0 rg BT 379.07 443.75 Td (adoption ) Tj ET Q q 0 0 0 rg BT 415.94 443.75 Td (of ) Tj ET Q q 0 0 0 rg BT 425.74 443.75 Td (ASU ) Tj ET Q q 0 0 0 rg BT 447.62 443.75 Td (2016-09 ) Tj ET Q q 0 0 0 rg BT 482.82 443.75 Td (did ) Tj ET Q q 0 0 0 rg BT 497.47 443.75 Td (not ) Tj ET Q q 0 0 0 rg BT 512.13 443.75 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 431.75 Td (a ) Tj ET Q q 0 0 0 rg BT 87.94 431.75 Td (material ) Tj ET Q q 0 0 0 rg BT 123.20 431.75 Td (ef) Tj ET Q q 0 0 0 rg BT 130.79 431.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 148.27 431.75 Td (on ) Tj ET Q q 0 0 0 rg BT 160.77 431.75 Td (the ) Tj ET Q q 0 0 0 rg BT 175.49 431.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 222.57 431.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.05 431.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 304.76 431.75 Td (and ) Tj ET Q q 0 0 0 rg BT 321.70 431.75 Td (related ) Tj ET Q q 0 0 0 rg BT 351.40 431.75 Td (disclosures.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 412.75 Td (Interest ) Tj ET Q q 0 0 0 rg BT 127.17 412.75 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 394.75 Td (Interest ) Tj ET Q q 0 0 0 rg BT 140.96 394.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 176.14 394.75 Td (on ) Tj ET Q q 0 0 0 rg BT 189.11 394.75 Td (our ) Tj ET Q q 0 0 0 rg BT 205.42 394.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 225.61 394.75 Td (is ) Tj ET Q q 0 0 0 rg BT 235.25 394.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 282.09 394.75 Td (as ) Tj ET Q q 0 0 0 rg BT 293.39 394.75 Td (due ) Tj ET Q q 0 0 0 rg BT 310.80 394.75 Td (and ) Tj ET Q q 0 0 0 rg BT 328.21 394.75 Td (any ) Tj ET Q q 0 0 0 rg BT 345.63 394.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 389.69 394.75 Td (premiums, ) Tj ET Q q 0 0 0 rg BT 435.16 394.75 Td (discounts, ) Tj ET Q q 0 0 0 rg BT 478.42 394.75 Td (and ) Tj ET Q q 0 0 0 rg BT 495.83 394.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 518.80 394.75 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 382.75 Td (amortized ) Tj ET Q q 0 0 0 rg BT 122.92 382.75 Td (\(accreted\) ) Tj ET Q q 0 0 0 rg BT 164.82 382.75 Td (over ) Tj ET Q q 0 0 0 rg BT 184.53 382.75 Td (the ) Tj ET Q q 0 0 0 rg BT 198.68 382.75 Td (term ) Tj ET Q q 0 0 0 rg BT 218.94 382.75 Td (of ) Tj ET Q q 0 0 0 rg BT 229.21 382.75 Td (the ) Tj ET Q q 0 0 0 rg BT 243.37 382.75 Td (related ) Tj ET Q q 0 0 0 rg BT 272.51 382.75 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 316.11 382.75 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 351.38 382.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.53 382.75 Td (straight ) Tj ET Q q 0 0 0 rg BT 397.46 382.75 Td (line ) Tj ET Q q 0 0 0 rg BT 414.40 382.75 Td (method. ) Tj ET Q q 0 0 0 rg BT 448.83 382.75 Td (Interest ) Tj ET Q q 0 0 0 rg BT 480.76 382.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 514.90 382.75 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 370.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 116.83 370.75 Td (non-use ) Tj ET Q q 0 0 0 rg BT 150.99 370.75 Td (fees ) Tj ET Q q 0 0 0 rg BT 169.58 370.75 Td (on ) Tj ET Q q 0 0 0 rg BT 182.08 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 196.80 370.75 Td (revolving ) Tj ET Q q 0 0 0 rg BT 237.63 370.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 262.89 370.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 293.71 370.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 325.63 370.75 Td (into ) Tj ET Q q 0 0 0 rg BT 343.69 370.75 Td (in ) Tj ET Q q 0 0 0 rg BT 353.42 370.75 Td (August ) Tj ET Q q 0 0 0 rg BT 384.81 370.75 Td (2014.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 351.75 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 133.85 351.75 Td (Per ) Tj ET Q q 0 0 0 rg BT 150.79 351.75 Td (Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 332.75 Td (Basic ) Tj ET Q q 0 0 0 rg BT 132.90 332.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 169.46 332.75 Td (per ) Tj ET Q q 0 0 0 rg BT 184.91 332.75 Td (share ) Tj ET Q q 0 0 0 rg BT 208.69 332.75 Td (\(EPS\) ) Tj ET Q q 0 0 0 rg BT 244.15 332.75 Td (is ) Tj ET Q q 0 0 0 rg BT 253.50 332.75 Td (computed ) Tj ET Q q 0 0 0 rg BT 295.61 332.75 Td (by ) Tj ET Q q 0 0 0 rg BT 308.30 332.75 Td (dividing ) Tj ET Q q 0 0 0 rg BT 344.32 332.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 380.88 332.75 Td (available ) Tj ET Q q 0 0 0 rg BT 419.65 332.75 Td (to ) Tj ET Q q 0 0 0 rg BT 430.11 332.75 Td (common ) Tj ET Q q 0 0 0 rg BT 467.79 332.75 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 521.01 332.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 320.75 Td (the ) Tj ET Q q 0 0 0 rg BT 94.58 320.75 Td (average ) Tj ET Q q 0 0 0 rg BT 127.02 320.75 Td (common ) Tj ET Q q 0 0 0 rg BT 163.38 320.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 189.73 320.75 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 240.25 320.75 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 271.61 320.75 Td (EPS ) Tj ET Q q 0 0 0 rg BT 290.20 320.75 Td (is ) Tj ET Q q 0 0 0 rg BT 298.23 320.75 Td (computed ) Tj ET Q q 0 0 0 rg BT 339.02 320.75 Td (assuming ) Tj ET Q q 0 0 0 rg BT 378.16 320.75 Td (the ) Tj ET Q q 0 0 0 rg BT 391.73 320.75 Td (conversion ) Tj ET Q q 0 0 0 rg BT 436.97 320.75 Td (or ) Tj ET Q q 0 0 0 rg BT 446.66 320.75 Td (exercise ) Tj ET Q q 0 0 0 rg BT 480.78 320.75 Td (of ) Tj ET Q q 0 0 0 rg BT 490.47 320.75 Td (nonvested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 308.75 Td (stock, ) Tj ET Q q 0 0 0 rg BT 107.52 308.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 131.55 308.75 Td (options, ) Tj ET Q q 0 0 0 rg BT 166.41 308.75 Td (and ) Tj ET Q q 0 0 0 rg BT 183.76 308.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 237.20 308.75 Td (share ) Tj ET Q q 0 0 0 rg BT 261.21 308.75 Td (units ) Tj ET Q q 0 0 0 rg BT 283.58 308.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 333.16 308.75 Td (during ) Tj ET Q q 0 0 0 rg BT 362.18 308.75 Td (the ) Tj ET Q q 0 0 0 rg BT 377.31 308.75 Td (year) Tj ET Q q 0 0 0 rg BT 393.97 308.75 Td (. ) Tj ET Q q 0 0 0 rg BT 399.38 308.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 425.08 308.75 Td (options ) Tj ET Q q 0 0 0 rg BT 457.44 308.75 Td (are ) Tj ET Q q 0 0 0 rg BT 472.56 308.75 Td (excluded ) Tj ET Q q 0 0 0 rg BT 511.57 308.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 296.75 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 296.75 Td (computation ) Tj ET Q q 0 0 0 rg BT 148.21 296.75 Td (of ) Tj ET Q q 0 0 0 rg BT 159.04 296.75 Td (diluted ) Tj ET Q q 0 0 0 rg BT 189.31 296.75 Td (EPS, ) Tj ET Q q 0 0 0 rg BT 211.54 296.75 Td (based ) Tj ET Q q 0 0 0 rg BT 236.81 296.75 Td (on ) Tj ET Q q 0 0 0 rg BT 249.31 296.75 Td (the ) Tj ET Q q 0 0 0 rg BT 264.03 296.75 Td (application ) Tj ET Q q 0 0 0 rg BT 310.96 296.75 Td (of ) Tj ET Q q 0 0 0 rg BT 321.79 296.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.50 296.75 Td (treasury ) Tj ET Q q 0 0 0 rg BT 371.21 296.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 394.82 296.75 Td (method, ) Tj ET Q q 0 0 0 rg BT 429.81 296.75 Td (if ) Tj ET Q q 0 0 0 rg BT 438.42 296.75 Td (they ) Tj ET Q q 0 0 0 rg BT 458.14 296.75 Td (are ) Tj ET Q q 0 0 0 rg BT 472.85 296.75 Td (anti-dilutive.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 277.75 Td (Cash ) Tj ET Q q 0 0 0 rg BT 116.62 277.75 Td (and ) Tj ET Q q 0 0 0 rg BT 134.68 277.75 Td (Cash ) Tj ET Q q 0 0 0 rg BT 158.31 277.75 Td (Equivalents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 258.75 Td (The ) Tj ET Q q 0 0 0 rg BT 122.25 258.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.84 258.75 Td (considers ) Tj ET Q q 0 0 0 rg BT 202.31 258.75 Td (all ) Tj ET Q q 0 0 0 rg BT 214.01 258.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 241.27 258.75 Td (liquid ) Tj ET Q q 0 0 0 rg BT 266.31 258.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 285.23 258.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 333.60 258.75 Td (purchased ) Tj ET Q q 0 0 0 rg BT 375.84 258.75 Td (with ) Tj ET Q q 0 0 0 rg BT 395.33 258.75 Td (original ) Tj ET Q q 0 0 0 rg BT 428.13 258.75 Td (maturities ) Tj ET Q q 0 0 0 rg BT 469.83 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 479.86 258.75 Td (three ) Tj ET Q q 0 0 0 rg BT 501.55 258.75 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 246.75 Td (or ) Tj ET Q q 0 0 0 rg BT 92.99 246.75 Td (less ) Tj ET Q q 0 0 0 rg BT 111.65 246.75 Td (to ) Tj ET Q q 0 0 0 rg BT 123.09 246.75 Td (be ) Tj ET Q q 0 0 0 rg BT 136.19 246.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 157.61 246.75 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 208.51 246.75 Td (As ) Tj ET Q q 0 0 0 rg BT 223.28 246.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.27 246.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 296.69 246.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.69 246.75 Td (, ) Tj ET Q q 0 0 0 rg BT 322.85 246.75 Td (the ) Tj ET Q q 0 0 0 rg BT 338.73 246.75 Td (company ) Tj ET Q q 0 0 0 rg BT 379.04 246.75 Td (held ) Tj ET Q q 0 0 0 rg BT 399.92 246.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 421.35 246.75 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 470.55 246.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.54 246.75 Td ($465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.54 246.75 Td (. ) Tj ET Q q 0 0 0 rg BT 507.89 246.75 Td (As ) Tj ET Q q 0 0 0 rg BT 522.67 246.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 234.75 Td (September ) Tj ET Q q 0 0 0 rg BT 126.26 234.75 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.26 234.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.26 234.75 Td ( ) Tj ET Q q 0 0 0 rg BT 163.76 234.75 Td (there ) Tj ET Q q 0 0 0 rg BT 186.25 234.75 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.18 234.75 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.18 234.75 Td ( ) Tj ET Q q 0 0 0 rg BT 220.68 234.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 240.95 234.75 Td (equivalents. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 215.75 Td (Investments ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 199.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 138.82 199.25 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 182.75 Td (The ) Tj ET Q q 0 0 0 rg BT 123.52 182.75 Td (Company) Tj ET Q q 0 0 0 rg BT 165.18 182.75 Td (s ) Tj ET Q q 0 0 0 rg BT 172.04 182.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 222.79 182.75 Td (in ) Tj ET Q q 0 0 0 rg BT 233.54 182.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 257.05 182.75 Td (maturity ) Tj ET Q q 0 0 0 rg BT 293.91 182.75 Td (and ) Tj ET Q q 0 0 0 rg BT 311.31 182.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 339.28 182.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 380.01 182.75 Td (have ) Tj ET Q q 0 0 0 rg BT 401.86 182.75 Td (been ) Tj ET Q q 0 0 0 rg BT 423.71 182.75 Td (designated ) Tj ET Q q 0 0 0 rg BT 469.44 182.75 Td (as ) Tj ET Q q 0 0 0 rg BT 480.09 182.75 Td (AFS ) Tj ET Q q 0 0 0 rg BT 501.40 182.75 Td (and ) Tj ET Q q 0 0 0 rg BT 518.81 182.75 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 170.75 Td (carried ) Tj ET Q q 0 0 0 rg BT 114.88 170.75 Td (at ) Tj ET Q q 0 0 0 rg BT 128.22 170.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 148.22 170.75 Td (value ) Tj ET Q q 0 0 0 rg BT 176.00 170.75 Td (with ) Tj ET Q q 0 0 0 rg BT 199.90 170.75 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 247.66 170.75 Td (gains ) Tj ET Q q 0 0 0 rg BT 274.89 170.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.45 170.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 325.47 170.75 Td (included ) Tj ET Q q 0 0 0 rg BT 366.02 170.75 Td (in ) Tj ET Q q 0 0 0 rg BT 379.93 170.75 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 443.80 170.75 Td (other ) Tj ET Q q 0 0 0 rg BT 470.47 170.75 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 158.75 Td (income ) Tj ET Q q 0 0 0 rg BT 117.15 158.75 Td (\(AOCI\), ) Tj ET Q q 0 0 0 rg BT 161.92 158.75 Td (net ) Tj ET Q q 0 0 0 rg BT 176.42 158.75 Td (of ) Tj ET Q q 0 0 0 rg BT 187.03 158.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 230.41 158.75 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 276.57 158.75 Td (shadow ) Tj ET Q q 0 0 0 rg BT 313.84 158.75 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 368.34 158.75 Td (\(discussed ) Tj ET Q q 0 0 0 rg BT 412.28 158.75 Td (in ) Tj ET Q q 0 0 0 rg BT 422.34 158.75 Td ("Note ) Tj ET Q q 0 0 0 rg BT 448.15 158.75 Td (7. ) Tj ET Q q 0 0 0 rg BT 457.93 158.75 Td (Intangibles" ) Tj ET Q q 0 0 0 rg BT 508.73 158.75 Td (to ) Tj ET Q q 0 0 0 rg BT 518.79 158.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.75 Td (Company) Tj ET Q q 0 0 0 rg BT 122.67 146.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.06 146.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 184.33 146.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 224.04 146.75 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.92 146.75 Td (\) ) Tj ET Q q 0 0 0 rg BT 273.75 146.75 Td (and ) Tj ET Q q 0 0 0 rg BT 290.69 146.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 326.50 146.75 Td (income ) Tj ET Q q 0 0 0 rg BT 358.43 146.75 Td (taxes. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 121.25 Td (A) Tj ET Q q 0 0 0 rg BT 98.56 121.25 Td (vailable-for) Tj ET Q q 0 0 0 rg BT 145.57 121.25 Td (-Sale ) Tj ET Q q 0 0 0 rg BT 168.62 121.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 210.55 121.25 Td (Other) Tj ET Q q 0 0 0 rg BT 233.68 121.25 Td (-Than-T) Tj ET Q q 0 0 0 rg BT 265.54 121.25 Td (emporary ) Tj ET Q q 0 0 0 rg BT 306.93 121.25 Td (Impairments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 104.75 Td (The ) Tj ET Q q 0 0 0 rg BT 122.74 104.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 163.83 104.75 Td (regularly ) Tj ET Q q 0 0 0 rg BT 202.12 104.75 Td (reviews ) Tj ET Q q 0 0 0 rg BT 234.93 104.75 Td (AFS ) Tj ET Q q 0 0 0 rg BT 255.47 104.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 295.43 104.75 Td (for ) Tj ET Q q 0 0 0 rg BT 309.29 104.75 Td (declines ) Tj ET Q q 0 0 0 rg BT 344.25 104.75 Td (in ) Tj ET Q q 0 0 0 rg BT 354.23 104.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 370.30 104.75 Td (value ) Tj ET Q q 0 0 0 rg BT 394.15 104.75 Td (that ) Tj ET Q q 0 0 0 rg BT 411.35 104.75 Td (it ) Tj ET Q q 0 0 0 rg BT 419.10 104.75 Td (determines ) Tj ET Q q 0 0 0 rg BT 465.17 104.75 Td (to ) Tj ET Q q 0 0 0 rg BT 475.15 104.75 Td (be ) Tj ET Q q 0 0 0 rg BT 486.78 104.75 Td (other) Tj ET Q q 0 0 0 rg BT 507.13 104.75 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.75 Td (temporary) Tj ET Q q 0 0 0 rg BT 121.44 92.75 Td (. ) Tj ET Q q 0 0 0 rg BT 126.82 92.75 Td (For ) Tj ET Q q 0 0 0 rg BT 143.59 92.75 Td (an ) Tj ET Q q 0 0 0 rg BT 155.90 92.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 183.77 92.75 Td (security) Tj ET Q q 0 0 0 rg BT 214.78 92.75 Td (, ) Tj ET Q q 0 0 0 rg BT 220.16 92.75 Td (if ) Tj ET Q q 0 0 0 rg BT 229.14 92.75 Td (the ) Tj ET Q q 0 0 0 rg BT 244.23 92.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 286.00 92.75 Td (does ) Tj ET Q q 0 0 0 rg BT 307.20 92.75 Td (not ) Tj ET Q q 0 0 0 rg BT 322.86 92.75 Td (have ) Tj ET Q q 0 0 0 rg BT 344.61 92.75 Td (the ) Tj ET Q q 0 0 0 rg BT 359.70 92.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 388.13 92.75 Td (and ) Tj ET Q q 0 0 0 rg BT 405.44 92.75 Td (intent ) Tj ET Q q 0 0 0 rg BT 431.09 92.75 Td (to ) Tj ET Q q 0 0 0 rg BT 441.75 92.75 Td (hold ) Tj ET Q q 0 0 0 rg BT 462.40 92.75 Td (the ) Tj ET Q q 0 0 0 rg BT 477.49 92.75 Td (security ) Tj ET Q q 0 0 0 rg BT 512.03 92.75 Td (for ) Tj ET Q q 0 0 0 rg BT 526.56 92.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.75 Td (suf) Tj ET Q q 0 0 0 rg BT 93.04 80.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 121.19 80.75 Td (and ) Tj ET Q q 0 0 0 rg BT 138.23 80.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 183.59 80.75 Td (period ) Tj ET Q q 0 0 0 rg BT 211.75 80.75 Td (of ) Tj ET Q q 0 0 0 rg BT 222.68 80.75 Td (time ) Tj ET Q q 0 0 0 rg BT 243.06 80.75 Td (to ) Tj ET Q q 0 0 0 rg BT 253.45 80.75 Td (allow ) Tj ET Q q 0 0 0 rg BT 278.27 80.75 Td (for ) Tj ET Q q 0 0 0 rg BT 292.54 80.75 Td (a ) Tj ET Q q 0 0 0 rg BT 299.58 80.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 337.17 80.75 Td (in ) Tj ET Q q 0 0 0 rg BT 347.55 80.75 Td (value, ) Tj ET Q q 0 0 0 rg BT 374.31 80.75 Td (it ) Tj ET Q q 0 0 0 rg BT 382.48 80.75 Td (concludes ) Tj ET Q q 0 0 0 rg BT 425.07 80.75 Td (that ) Tj ET Q q 0 0 0 rg BT 442.67 80.75 Td (an ) Tj ET Q q 0 0 0 rg BT 454.71 80.75 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 480.09 80.75 Td (has ) Tj ET Q q 0 0 0 rg BT 496.03 80.75 Td (occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 68.75 Td (and ) Tj ET Q q 0 0 0 rg BT 98.14 68.75 Td (the ) Tj ET Q q 0 0 0 rg BT 113.05 68.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 131.85 68.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.88 68.75 Td (the ) Tj ET Q q 0 0 0 rg BT 157.79 68.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 185.49 68.75 Td (security ) Tj ET Q q 0 0 0 rg BT 219.84 68.75 Td (is ) Tj ET Q q 0 0 0 rg BT 229.21 68.75 Td (written ) Tj ET Q q 0 0 0 rg BT 260.23 68.75 Td (down ) Tj ET Q q 0 0 0 rg BT 285.15 68.75 Td (to ) Tj ET Q q 0 0 0 rg BT 295.62 68.75 Td (the ) Tj ET Q q 0 0 0 rg BT 310.53 68.75 Td (current ) Tj ET Q q 0 0 0 rg BT 341.55 68.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 358.12 68.75 Td (value, ) Tj ET Q q 0 0 0 rg BT 384.97 68.75 Td (with ) Tj ET Q q 0 0 0 rg BT 405.45 68.75 Td (a ) Tj ET Q q 0 0 0 rg BT 412.58 68.75 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 472.49 68.75 Td (char) Tj ET Q q 0 0 0 rg BT 489.51 68.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 501.65 68.75 Td (to ) Tj ET Q q 0 0 0 rg BT 512.12 68.75 Td (Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 56.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.76 56.75 Td (gains ) Tj ET Q q 0 0 0 rg BT 149.74 56.75 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 186.61 56.75 Td (in ) Tj ET Q q 0 0 0 rg BT 196.26 56.75 Td (the ) Tj ET Q q 0 0 0 rg BT 210.36 56.75 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 270.54 56.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 325.19 56.75 Td (Statements ) Tj ET Q q 0 0 0 rg BT 370.95 56.75 Td (of ) Tj ET Q q 0 0 0 rg BT 381.16 56.75 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 429.28 56.75 Td (When ) Tj ET Q q 0 0 0 rg BT 455.03 56.75 Td (assessing ) Tj ET Q q 0 0 0 rg BT 494.13 56.75 Td (its ) Tj ET Q q 0 0 0 rg BT 505.45 56.75 Td (ability ) Tj ET Q endstream endobj 229 0 obj <>] /Rotate 0 /Contents 230 0 R>> endobj 230 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.51 735.60 Td (intent ) Tj ET Q q 0 0 0 rg BT 124.35 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.19 735.60 Td (hold ) Tj ET Q q 0 0 0 rg BT 156.04 735.60 Td (an ) Tj ET Q q 0 0 0 rg BT 168.55 735.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 196.61 735.60 Td (security ) Tj ET Q q 0 0 0 rg BT 231.33 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 242.18 735.60 Td (recovery) Tj ET Q q 0 0 0 rg BT 276.50 735.60 Td (, ) Tj ET Q q 0 0 0 rg BT 282.07 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 297.36 735.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.31 735.60 Td (considers, ) Tj ET Q q 0 0 0 rg BT 382.65 735.60 Td (among ) Tj ET Q q 0 0 0 rg BT 412.93 735.60 Td (other ) Tj ET Q q 0 0 0 rg BT 436.55 735.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 466.56 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.85 735.60 Td (severity ) Tj ET Q q 0 0 0 rg BT 516.57 735.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (duration ) Tj ET Q q 0 0 0 rg BT 116.22 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 126.45 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.57 723.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 171.34 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 181.02 723.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 196.80 723.60 Td (value ) Tj ET Q q 0 0 0 rg BT 220.35 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.58 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 244.70 723.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 271.59 723.60 Td (security ) Tj ET Q q 0 0 0 rg BT 305.15 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 315.38 723.60 Td (well ) Tj ET Q q 0 0 0 rg BT 334.49 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 344.72 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 358.84 723.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 382.94 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 393.17 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 407.29 723.60 Td (decline, ) Tj ET Q q 0 0 0 rg BT 440.56 723.60 Td (a ) Tj ET Q q 0 0 0 rg BT 446.90 723.60 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 498.78 723.60 Td (analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.55 711.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 139.79 711.60 Td (, ) Tj ET Q q 0 0 0 rg BT 144.79 711.60 Td (business ) Tj ET Q q 0 0 0 rg BT 181.18 711.60 Td (prospects ) Tj ET Q q 0 0 0 rg BT 221.45 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 238.39 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 253.10 711.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 283.37 711.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 320.85 711.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 361.12 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 371.95 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.67 711.60 Td (issuer) Tj ET Q q 0 0 0 rg BT 409.45 711.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 690.60 Td (For ) Tj ET Q q 0 0 0 rg BT 121.15 690.60 Td (its ) Tj ET Q q 0 0 0 rg BT 132.87 690.60 Td (available-for) Tj ET Q q 0 0 0 rg BT 183.75 690.60 Td (-sale ) Tj ET Q q 0 0 0 rg BT 204.89 690.60 Td (securities, ) Tj ET Q q 0 0 0 rg BT 247.41 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 261.89 690.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 303.04 690.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 342.51 690.60 Td (considers ) Tj ET Q q 0 0 0 rg BT 382.54 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 397.02 690.60 Td (following ) Tj ET Q q 0 0 0 rg BT 438.17 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 448.21 690.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 498.79 690.60 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.60 Td (its ) Tj ET Q q 0 0 0 rg BT 92.95 678.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 137.09 678.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 163.48 678.60 Td (are ) Tj ET Q q 0 0 0 rg BT 178.19 678.60 Td (other) Tj ET Q q 0 0 0 rg BT 198.53 678.60 Td (-than-temporary: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 662.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 662.10 Td (The ) Tj ET Q q 0 0 0 rg BT 135.05 662.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 175.87 662.10 Td (range ) Tj ET Q q 0 0 0 rg BT 200.57 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.51 662.10 Td (period ) Tj ET Q q 0 0 0 rg BT 245.56 662.10 Td (until ) Tj ET Q q 0 0 0 rg BT 266.39 662.10 Td (recovery; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 645.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 645.60 Td (Current ) Tj ET Q q 0 0 0 rg BT 150.05 645.60 Td (delinquencies ) Tj ET Q q 0 0 0 rg BT 207.53 645.60 Td (and ) Tj ET Q q 0 0 0 rg BT 224.47 645.60 Td (nonperforming ) Tj ET Q q 0 0 0 rg BT 286.95 645.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 312.78 645.60 Td (of ) Tj ET Q q 0 0 0 rg BT 323.61 645.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 369.44 645.60 Td (collateral; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 629.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 629.10 Td (Expected ) Tj ET Q q 0 0 0 rg BT 156.70 629.10 Td (future ) Tj ET Q q 0 0 0 rg BT 183.08 629.10 Td (default ) Tj ET Q q 0 0 0 rg BT 213.34 629.10 Td (rates; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 612.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 612.60 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 158.93 612.60 Td (value ) Tj ET Q q 0 0 0 rg BT 183.08 612.60 Td (by ) Tj ET Q q 0 0 0 rg BT 195.58 612.60 Td (vintage, ) Tj ET Q q 0 0 0 rg BT 230.02 612.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 276.94 612.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 307.49 612.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 342.77 612.60 Td (concentration ) Tj ET Q q 0 0 0 rg BT 399.69 612.60 Td (or ) Tj ET Q q 0 0 0 rg BT 410.52 612.60 Td (property ) Tj ET Q q 0 0 0 rg BT 446.89 612.60 Td (type; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 596.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 596.10 Td (Subordination ) Tj ET Q q 0 0 0 rg BT 175.46 596.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 200.58 596.10 Td (or ) Tj ET Q q 0 0 0 rg BT 210.71 596.10 Td (other ) Tj ET Q q 0 0 0 rg BT 233.05 596.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 257.61 596.10 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 316.05 596.10 Td (as ) Tj ET Q q 0 0 0 rg BT 326.17 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.30 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.31 596.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 382.64 596.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 404.98 596.10 Td (date ) Tj ET Q q 0 0 0 rg BT 423.43 596.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.56 596.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 474.78 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.35 596.10 Td (origination; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 584.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 567.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 567.60 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 166.15 567.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.09 567.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 226.68 567.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 246.95 567.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 293.89 567.60 Td (and ) Tj ET Q q 0 0 0 rg BT 310.83 567.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.55 567.60 Td (issuer's ) Tj ET Q q 0 0 0 rg BT 357.07 567.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 380.68 567.60 Td (to ) Tj ET Q q 0 0 0 rg BT 390.96 567.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 412.89 567.60 Td (such ) Tj ET Q q 0 0 0 rg BT 433.72 567.60 Td (obligations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 548.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.82 548.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 163.97 548.60 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 209.00 548.60 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 234.03 548.60 Td (on ) Tj ET Q q 0 0 0 rg BT 246.30 548.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 265.79 548.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 309.16 548.60 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 357.51 548.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.22 548.60 Td (perpetual ) Tj ET Q q 0 0 0 rg BT 413.69 548.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 452.60 548.60 Td (stocks\) ) Tj ET Q q 0 0 0 rg BT 483.20 548.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 523.23 548.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 536.60 Td (an ) Tj ET Q q 0 0 0 rg BT 92.94 536.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 137.08 536.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 155.14 536.60 Td (position ) Tj ET Q q 0 0 0 rg BT 189.87 536.60 Td (when ) Tj ET Q q 0 0 0 rg BT 214.03 536.60 Td (one ) Tj ET Q q 0 0 0 rg BT 230.97 536.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.80 536.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.51 536.60 Td (following ) Tj ET Q q 0 0 0 rg BT 297.90 536.60 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 357.04 536.60 Td (exists: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 522.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 522.10 Td (The ) Tj ET Q q 0 0 0 rg BT 135.67 522.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 177.67 522.10 Td (does ) Tj ET Q q 0 0 0 rg BT 199.12 522.10 Td (not ) Tj ET Q q 0 0 0 rg BT 215.02 522.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 244.23 522.10 Td (full ) Tj ET Q q 0 0 0 rg BT 261.24 522.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 299.33 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.78 522.10 Td (its ) Tj ET Q q 0 0 0 rg BT 323.35 522.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 366.45 522.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 385.68 522.10 Td (based ) Tj ET Q q 0 0 0 rg BT 411.56 522.10 Td (on ) Tj ET Q q 0 0 0 rg BT 424.68 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.02 522.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 476.46 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.91 522.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 508.79 522.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 510.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 155.03 510.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.31 510.10 Td (be ) Tj ET Q q 0 0 0 rg BT 177.25 510.10 Td (collected; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 495.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 495.60 Td ( ) Tj ET Q q 0 0 0 rg BT 119.32 495.60 Td (The ) Tj ET Q q 0 0 0 rg BT 137.37 495.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 178.75 495.60 Td (intends ) Tj ET Q q 0 0 0 rg BT 210.14 495.60 Td (to ) Tj ET Q q 0 0 0 rg BT 220.42 495.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 236.80 495.60 Td (a ) Tj ET Q q 0 0 0 rg BT 243.74 495.60 Td (security; ) Tj ET Q q 0 0 0 rg BT 280.68 495.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 481.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 481.10 Td (It ) Tj ET Q q 0 0 0 rg BT 125.61 481.10 Td (is ) Tj ET Q q 0 0 0 rg BT 134.78 481.10 Td (more ) Tj ET Q q 0 0 0 rg BT 157.83 481.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 183.10 481.10 Td (than ) Tj ET Q q 0 0 0 rg BT 202.82 481.10 Td (not ) Tj ET Q q 0 0 0 rg BT 218.09 481.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.59 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.31 481.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 291.69 481.10 Td (will ) Tj ET Q q 0 0 0 rg BT 309.75 481.10 Td (be ) Tj ET Q q 0 0 0 rg BT 321.69 481.10 Td (required ) Tj ET Q q 0 0 0 rg BT 357.50 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.78 481.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 384.17 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 391.11 481.10 Td (security ) Tj ET Q q 0 0 0 rg BT 425.26 481.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 447.20 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.48 481.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 491.80 481.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 462.10 Td (If ) Tj ET Q q 0 0 0 rg BT 113.09 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.25 462.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 170.07 462.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 201.89 462.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.60 462.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 229.42 462.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.80 462.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 260.28 462.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 297.09 462.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 347.97 462.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 369.78 462.10 Td (security ) Tj ET Q q 0 0 0 rg BT 404.37 462.10 Td (or ) Tj ET Q q 0 0 0 rg BT 415.64 462.10 Td (it ) Tj ET Q q 0 0 0 rg BT 424.13 462.10 Td (is ) Tj ET Q q 0 0 0 rg BT 433.73 462.10 Td (more ) Tj ET Q q 0 0 0 rg BT 457.22 462.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 482.92 462.10 Td (than ) Tj ET Q q 0 0 0 rg BT 503.08 462.10 Td (not ) Tj ET Q q 0 0 0 rg BT 518.79 462.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 450.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.39 450.10 Td (will ) Tj ET Q q 0 0 0 rg BT 140.46 450.10 Td (be ) Tj ET Q q 0 0 0 rg BT 152.40 450.10 Td (required ) Tj ET Q q 0 0 0 rg BT 188.23 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.51 450.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 214.91 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.63 450.10 Td (security ) Tj ET Q q 0 0 0 rg BT 263.79 450.10 Td (before ) Tj ET Q q 0 0 0 rg BT 291.84 450.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 329.32 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.16 450.10 Td (its ) Tj ET Q q 0 0 0 rg BT 352.11 450.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 394.60 450.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 413.22 450.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 435.72 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.67 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.39 450.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 483.78 450.10 Td (value ) Tj ET Q q 0 0 0 rg BT 507.94 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.78 450.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 438.10 Td (security ) Tj ET Q q 0 0 0 rg BT 114.93 438.10 Td (is ) Tj ET Q q 0 0 0 rg BT 123.88 438.10 Td (below ) Tj ET Q q 0 0 0 rg BT 150.59 438.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 192.85 438.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 213.74 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.23 438.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 269.39 438.10 Td (will ) Tj ET Q q 0 0 0 rg BT 287.23 438.10 Td (conclude ) Tj ET Q q 0 0 0 rg BT 325.60 438.10 Td (that ) Tj ET Q q 0 0 0 rg BT 342.87 438.10 Td (an ) Tj ET Q q 0 0 0 rg BT 354.59 438.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 379.63 438.10 Td (has ) Tj ET Q q 0 0 0 rg BT 395.24 438.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 432.49 438.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.21 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.70 438.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 505.96 438.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 524.34 438.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 426.10 Td (written ) Tj ET Q q 0 0 0 rg BT 113.88 426.10 Td (down ) Tj ET Q q 0 0 0 rg BT 140.65 426.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.98 426.10 Td (current ) Tj ET Q q 0 0 0 rg BT 185.84 426.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 204.27 426.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 232.97 426.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.30 426.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.29 426.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 326.05 426.10 Td (char) Tj ET Q q 0 0 0 rg BT 343.08 426.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 357.06 426.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.39 426.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 392.82 426.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 441.25 426.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 466.91 426.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 506.45 426.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.78 426.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 414.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 142.37 414.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 198.21 414.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 245.15 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.55 414.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 305.99 414.10 Td (If ) Tj ET Q q 0 0 0 rg BT 315.71 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.99 414.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.94 414.10 Td (does ) Tj ET Q q 0 0 0 rg BT 394.33 414.10 Td (not ) Tj ET Q q 0 0 0 rg BT 410.17 414.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 438.23 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.07 414.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 466.02 414.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.53 414.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 497.14 414.10 Td (maturity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 402.10 Td (security ) Tj ET Q q 0 0 0 rg BT 115.88 402.10 Td (or ) Tj ET Q q 0 0 0 rg BT 127.44 402.10 Td (it ) Tj ET Q q 0 0 0 rg BT 136.22 402.10 Td (is ) Tj ET Q q 0 0 0 rg BT 146.12 402.10 Td (more ) Tj ET Q q 0 0 0 rg BT 169.90 402.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 195.90 402.10 Td (than ) Tj ET Q q 0 0 0 rg BT 216.34 402.10 Td (not ) Tj ET Q q 0 0 0 rg BT 232.35 402.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.79 402.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 289.91 402.10 Td (will ) Tj ET Q q 0 0 0 rg BT 308.69 402.10 Td (not ) Tj ET Q q 0 0 0 rg BT 324.70 402.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.36 402.10 Td (required ) Tj ET Q q 0 0 0 rg BT 373.91 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.91 402.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 402.03 402.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.69 402.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 433.47 402.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 470.58 402.10 Td (security ) Tj ET Q q 0 0 0 rg BT 505.46 402.10 Td (before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 390.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 118.76 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.88 390.10 Td (its ) Tj ET Q q 0 0 0 rg BT 142.11 390.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 184.88 390.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 203.77 390.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 226.56 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.78 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.78 390.10 Td (present ) Tj ET Q q 0 0 0 rg BT 290.45 390.10 Td (value ) Tj ET Q q 0 0 0 rg BT 314.89 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.00 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.00 390.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 361.56 390.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 386.57 390.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 424.88 390.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.45 390.10 Td (be ) Tj ET Q q 0 0 0 rg BT 447.67 390.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 486.55 390.10 Td (is ) Tj ET Q q 0 0 0 rg BT 496.00 390.10 Td (less ) Tj ET Q q 0 0 0 rg BT 513.79 390.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.82 378.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 138.41 378.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 157.13 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.06 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.88 378.10 Td (security ) Tj ET Q q 0 0 0 rg BT 217.15 378.10 Td (\(referred ) Tj ET Q q 0 0 0 rg BT 254.72 378.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.10 378.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.04 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.86 378.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 316.23 378.10 Td (loss\), ) Tj ET Q q 0 0 0 rg BT 340.23 378.10 Td (an ) Tj ET Q q 0 0 0 rg BT 352.28 378.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 377.65 378.10 Td (has ) Tj ET Q q 0 0 0 rg BT 393.59 378.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 431.17 378.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.21 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.04 378.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 505.63 378.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 524.34 378.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 366.10 Td (written ) Tj ET Q q 0 0 0 rg BT 112.09 366.10 Td (down ) Tj ET Q q 0 0 0 rg BT 137.07 366.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.62 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.60 366.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 203.68 366.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 241.42 366.10 Td (value ) Tj ET Q q 0 0 0 rg BT 265.84 366.10 Td (with ) Tj ET Q q 0 0 0 rg BT 286.38 366.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.58 366.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 353.55 366.10 Td (char) Tj ET Q q 0 0 0 rg BT 370.58 366.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 382.78 366.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.32 366.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 414.96 366.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 461.61 366.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 485.48 366.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 523.24 366.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.57 354.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 156.23 354.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 211.35 354.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 257.58 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.26 354.10 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 316.99 354.10 Td (as ) Tj ET Q q 0 0 0 rg BT 327.67 354.10 Td (this ) Tj ET Q q 0 0 0 rg BT 344.47 354.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 376.81 354.10 Td (is ) Tj ET Q q 0 0 0 rg BT 385.83 354.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 419.28 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.84 354.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 458.96 354.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 476.87 354.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 508.11 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 354.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 342.10 Td (OTTI. ) Tj ET Q q 0 0 0 rg BT 109.02 342.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.53 342.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 171.03 342.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.33 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.51 342.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 229.35 342.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.09 342.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 256.94 342.10 Td (value ) Tj ET Q q 0 0 0 rg BT 281.56 342.10 Td (is ) Tj ET Q q 0 0 0 rg BT 291.20 342.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 329.14 342.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.23 342.10 Td (AOCI ) Tj ET Q q 0 0 0 rg BT 366.64 342.10 Td (as ) Tj ET Q q 0 0 0 rg BT 377.93 342.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 422.54 342.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 448.28 342.10 Td (on ) Tj ET Q q 0 0 0 rg BT 461.24 342.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 512.12 342.10 Td (-sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 330.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 123.76 330.10 Td (as ) Tj ET Q q 0 0 0 rg BT 134.59 330.10 Td (this ) Tj ET Q q 0 0 0 rg BT 151.54 330.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 184.04 330.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.21 330.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 239.02 330.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.96 330.10 Td (non-credit ) Tj ET Q q 0 0 0 rg BT 289.55 330.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 310.10 330.10 Td (recoverable\) ) Tj ET Q q 0 0 0 rg BT 362.56 330.10 Td (impairment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 311.10 Td (When ) Tj ET Q q 0 0 0 rg BT 130.61 311.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 171.07 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.52 311.10 Td (Company) Tj ET Q q 0 0 0 rg BT 228.19 311.10 Td (s ) Tj ET Q q 0 0 0 rg BT 235.32 311.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 261.33 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.34 311.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 289.46 311.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.14 311.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 320.92 311.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 358.04 311.10 Td (security ) Tj ET Q q 0 0 0 rg BT 392.93 311.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.50 311.10 Td (if ) Tj ET Q q 0 0 0 rg BT 413.84 311.10 Td (it ) Tj ET Q q 0 0 0 rg BT 422.64 311.10 Td (is ) Tj ET Q q 0 0 0 rg BT 432.54 311.10 Td (more ) Tj ET Q q 0 0 0 rg BT 456.33 311.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 482.34 311.10 Td (than ) Tj ET Q q 0 0 0 rg BT 502.79 311.10 Td (not ) Tj ET Q q 0 0 0 rg BT 518.80 311.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 299.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.85 299.10 Td (will ) Tj ET Q q 0 0 0 rg BT 139.38 299.10 Td (be ) Tj ET Q q 0 0 0 rg BT 150.79 299.10 Td (required ) Tj ET Q q 0 0 0 rg BT 186.07 299.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.81 299.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 211.67 299.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.08 299.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 240.59 299.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 276.44 299.10 Td (security ) Tj ET Q q 0 0 0 rg BT 310.06 299.10 Td (before ) Tj ET Q q 0 0 0 rg BT 337.57 299.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 374.51 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.81 299.10 Td (its ) Tj ET Q q 0 0 0 rg BT 396.22 299.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 414.30 299.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 438.77 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.95 299.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 493.81 299.10 Td (evaluates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 287.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 102.33 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.22 287.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 178.32 287.10 Td (such ) Tj ET Q q 0 0 0 rg BT 199.10 287.10 Td (as, ) Tj ET Q q 0 0 0 rg BT 212.38 287.10 Td (but ) Tj ET Q q 0 0 0 rg BT 227.62 287.10 Td (not ) Tj ET Q q 0 0 0 rg BT 242.85 287.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 273.63 287.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 286.36 287.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 326.03 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.27 287.10 Td (reposition ) Tj ET Q q 0 0 0 rg BT 378.71 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.39 287.10 Td (Company) Tj ET Q q 0 0 0 rg BT 435.05 287.10 Td (s ) Tj ET Q q 0 0 0 rg BT 441.40 287.10 Td (security ) Tj ET Q q 0 0 0 rg BT 475.50 287.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 515.45 287.10 Td (sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.33 275.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 133.10 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.88 275.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 166.32 275.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 187.09 275.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 208.42 275.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 234.19 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.63 275.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 274.08 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.41 275.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 326.18 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.96 275.10 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 378.27 275.10 Td (on ) Tj ET Q q 0 0 0 rg BT 391.27 275.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 432.03 275.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 463.35 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.79 275.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 496.01 275.10 Td (planning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 263.10 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 123.72 263.10 Td (In ) Tj ET Q q 0 0 0 rg BT 134.50 263.10 Td (order ) Tj ET Q q 0 0 0 rg BT 158.05 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.28 263.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 210.71 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.38 263.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 257.83 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.61 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.28 263.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 308.50 263.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 326.51 263.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.63 263.10 Td (a ) Tj ET Q q 0 0 0 rg BT 347.52 263.10 Td (security) Tj ET Q q 0 0 0 rg BT 378.52 263.10 Td (, ) Tj ET Q q 0 0 0 rg BT 383.48 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.15 263.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 439.49 263.10 Td (calculates ) Tj ET Q q 0 0 0 rg BT 481.36 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.03 263.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 251.10 Td (value ) Tj ET Q q 0 0 0 rg BT 105.63 251.10 Td (by ) Tj ET Q q 0 0 0 rg BT 118.60 251.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 166.55 251.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.96 251.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 220.26 251.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 241.00 251.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 262.30 251.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 297.49 251.10 Td (based ) Tj ET Q q 0 0 0 rg BT 323.23 251.10 Td (on ) Tj ET Q q 0 0 0 rg BT 336.20 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.39 251.10 Td (current ) Tj ET Q q 0 0 0 rg BT 382.67 251.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 403.41 251.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 428.61 251.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.02 251.10 Td (future ) Tj ET Q q 0 0 0 rg BT 472.87 251.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 493.60 251.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 518.80 251.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 239.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.99 239.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 154.08 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.96 239.10 Td (recover) Tj ET Q q 0 0 0 rg BT 193.38 239.10 Td (. ) Tj ET Q q 0 0 0 rg BT 197.83 239.10 Td (The ) Tj ET Q q 0 0 0 rg BT 215.48 239.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 251.47 239.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 268.56 239.10 Td (is ) Tj ET Q q 0 0 0 rg BT 277.33 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.65 239.10 Td (ef) Tj ET Q q 0 0 0 rg BT 299.23 239.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 328.54 239.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 360.07 239.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 377.16 239.10 Td (implicit ) Tj ET Q q 0 0 0 rg BT 410.37 239.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.25 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.57 239.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 480.00 239.10 Td (security) Tj ET Q q 0 0 0 rg BT 511.00 239.10 Td (. ) Tj ET Q q 0 0 0 rg BT 515.45 239.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 227.10 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 227.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 117.24 227.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 148.13 227.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 164.56 227.10 Td (is ) Tj ET Q q 0 0 0 rg BT 172.69 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.35 227.10 Td (original ) Tj ET Q q 0 0 0 rg BT 218.91 227.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 260.90 227.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 282.34 227.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.13 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.79 227.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 327.24 227.10 Td (at ) Tj ET Q q 0 0 0 rg BT 335.91 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.58 227.10 Td (date ) Tj ET Q q 0 0 0 rg BT 367.69 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.35 227.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 403.35 227.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 438.69 227.10 Td (security ) Tj ET Q q 0 0 0 rg BT 471.79 227.10 Td (was ) Tj ET Q q 0 0 0 rg BT 488.80 227.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 215.10 Td (impaired. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 196.10 Td (When ) Tj ET Q q 0 0 0 rg BT 128.99 196.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 172.26 196.10 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 219.96 196.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 258.21 196.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 284.82 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.10 196.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 322.48 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.32 196.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 376.82 196.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 406.76 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.59 196.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 466.08 196.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 492.69 196.10 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 184.10 Td (above ) Tj ET Q q 0 0 0 rg BT 107.68 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 122.14 184.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 145.49 184.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 182.18 184.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 227.12 184.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 277.03 184.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.33 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.35 184.10 Td (SEC) Tj ET Q q 0 0 0 rg BT 318.47 184.10 Td (s ) Tj ET Q q 0 0 0 rg BT 325.16 184.10 Td (staf) Tj ET Q q 0 0 0 rg BT 339.42 184.10 Td (f ) Tj ET Q q 0 0 0 rg BT 345.55 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.13 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.15 184.10 Td (Of) Tj ET Q q 0 0 0 rg BT 381.52 184.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 399.31 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.44 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.46 184.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 449.87 184.10 Td (Accountant ) Tj ET Q q 0 0 0 rg BT 498.76 184.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 526.56 184.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 172.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 103.37 172.10 Td (\(SEC ) Tj ET Q q 0 0 0 rg BT 126.86 172.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 151.45 172.10 Td (Release\) ) Tj ET Q q 0 0 0 rg BT 187.70 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.30 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.34 172.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 249.98 172.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 298.45 172.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 339.72 172.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 365.98 172.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 378.57 172.10 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 407.61 172.10 Td (on ) Tj ET Q q 0 0 0 rg BT 419.44 172.10 Td (October ) Tj ET Q q 0 0 0 rg BT 453.47 172.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 467.79 172.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 492.11 172.10 Td (providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 160.10 Td (clarifying ) Tj ET Q q 0 0 0 rg BT 122.64 160.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 161.50 160.10 Td (on ) Tj ET Q q 0 0 0 rg BT 174.27 160.10 Td (how ) Tj ET Q q 0 0 0 rg BT 194.26 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.80 160.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 232.01 160.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 284.77 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.87 160.10 Td (perpetual ) Tj ET Q q 0 0 0 rg BT 335.84 160.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 375.24 160.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 415.77 160.10 Td (\(PPS\), ) Tj ET Q q 0 0 0 rg BT 453.26 160.10 Td (including ) Tj ET Q q 0 0 0 rg BT 493.80 160.10 Td (perpetual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 148.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 120.51 148.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 148.85 148.10 Td (After ) Tj ET Q q 0 0 0 rg BT 172.82 148.10 Td (consultation ) Tj ET Q q 0 0 0 rg BT 224.58 148.10 Td (with ) Tj ET Q q 0 0 0 rg BT 245.22 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.53 148.10 Td (concurrence ) Tj ET Q q 0 0 0 rg BT 314.26 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.46 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.55 148.10 Td (F) Tj ET Q q 0 0 0 rg BT 345.37 148.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 367.69 148.10 Td (staf) Tj ET Q q 0 0 0 rg BT 381.95 148.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 390.65 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.74 148.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 426.95 148.10 Td (staf) Tj ET Q q 0 0 0 rg BT 441.21 148.10 Td (f ) Tj ET Q q 0 0 0 rg BT 447.41 148.10 Td (has ) Tj ET Q q 0 0 0 rg BT 463.61 148.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 507.57 148.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.44 148.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 136.10 Td (will ) Tj ET Q q 0 0 0 rg BT 98.90 136.10 Td (not ) Tj ET Q q 0 0 0 rg BT 114.01 136.10 Td (object ) Tj ET Q q 0 0 0 rg BT 140.79 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.90 136.10 Td (an ) Tj ET Q q 0 0 0 rg BT 162.68 136.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 188.35 136.10 Td (treating ) Tj ET Q q 0 0 0 rg BT 221.23 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.01 136.10 Td (PPS ) Tj ET Q q 0 0 0 rg BT 247.03 136.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 277.14 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.26 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.04 136.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 316.92 136.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 353.14 136.10 Td (security ) Tj ET Q q 0 0 0 rg BT 387.14 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.25 136.10 Td (an ) Tj ET Q q 0 0 0 rg BT 409.03 136.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 434.14 136.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 478.13 136.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 521.57 136.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 124.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 129.01 124.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 168.13 124.10 Td (period\), ) Tj ET Q q 0 0 0 rg BT 203.65 124.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 243.34 124.10 Td (there ) Tj ET Q q 0 0 0 rg BT 267.46 124.10 Td (has ) Tj ET Q q 0 0 0 rg BT 284.94 124.10 Td (been ) Tj ET Q q 0 0 0 rg BT 307.96 124.10 Td (no ) Tj ET Q q 0 0 0 rg BT 322.10 124.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 361.77 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.25 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.83 124.10 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 438.06 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.98 124.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 476.89 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.36 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.72 124.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 528.50 124.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 112.10 Td (Consequently) Tj ET Q q 0 0 0 rg BT 135.35 112.10 Td (, ) Tj ET Q q 0 0 0 rg BT 141.14 112.10 Td (when ) Tj ET Q q 0 0 0 rg BT 166.10 112.10 Td (such ) Tj ET Q q 0 0 0 rg BT 187.72 112.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 219.33 112.10 Td (is ) Tj ET Q q 0 0 0 rg BT 229.30 112.10 Td (met ) Tj ET Q q 0 0 0 rg BT 247.59 112.10 Td (we ) Tj ET Q q 0 0 0 rg BT 262.54 112.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 288.06 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.57 112.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 329.63 112.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 369.02 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.65 112.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 404.49 112.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 441.67 112.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 482.73 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.80 112.10 Td (perpetual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 100.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 120.14 100.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 81.10 Td (When ) Tj ET Q q 0 0 0 rg BT 129.66 81.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 173.60 81.10 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 245.30 81.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 285.35 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.08 81.10 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 355.45 81.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 398.00 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.50 81.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 453.68 81.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 493.73 81.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.46 81.10 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 69.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.28 69.10 Td (pool-specific ) Tj ET Q q 0 0 0 rg BT 147.43 69.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 177.59 69.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.87 69.10 Td (well ) Tj ET Q q 0 0 0 rg BT 209.04 69.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.32 69.10 Td (market ) Tj ET Q q 0 0 0 rg BT 251.03 69.10 Td (level ) Tj ET Q q 0 0 0 rg BT 273.42 69.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 303.58 69.10 Td (when ) Tj ET Q q 0 0 0 rg BT 328.19 69.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 379.46 69.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 414.62 69.10 Td (or ) Tj ET Q q 0 0 0 rg BT 425.90 69.10 Td (not ) Tj ET Q q 0 0 0 rg BT 441.63 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.79 69.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 505.84 69.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.79 69.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 57.10 Td (security ) Tj ET Q q 0 0 0 rg BT 115.86 57.10 Td (is ) Tj ET Q q 0 0 0 rg BT 125.73 57.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 170.03 57.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.56 57.10 Td (other) Tj ET Q q 0 0 0 rg BT 201.91 57.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 266.23 57.10 Td (. ) Tj ET Q q 0 0 0 rg BT 271.70 57.10 Td (The ) Tj ET Q q 0 0 0 rg BT 290.45 57.10 Td (most ) Tj ET Q q 0 0 0 rg BT 313.10 57.10 Td (important ) Tj ET Q q 0 0 0 rg BT 355.19 57.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 381.71 57.10 Td (is ) Tj ET Q q 0 0 0 rg BT 391.58 57.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.00 57.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 460.72 57.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.26 57.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.68 57.10 Td (underlying ) Tj ET Q endstream endobj 231 0 obj <>] /Rotate 0 /Contents 232 0 R>> endobj 232 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 119.90 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 129.37 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.29 735.60 Td (security ) Tj ET Q q 0 0 0 rg BT 176.64 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.78 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.70 735.60 Td (trends ) Tj ET Q q 0 0 0 rg BT 232.84 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 242.87 735.60 Td (that ) Tj ET Q q 0 0 0 rg BT 259.56 735.60 Td (performance. ) Tj ET Q q 0 0 0 rg BT 314.16 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 331.40 735.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.99 735.60 Td (uses ) Tj ET Q q 0 0 0 rg BT 390.91 735.60 Td (this ) Tj ET Q q 0 0 0 rg BT 407.06 735.60 Td (information ) Tj ET Q q 0 0 0 rg BT 455.97 735.60 Td (about ) Tj ET Q q 0 0 0 rg BT 479.89 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.80 735.60 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.35 723.60 Td (forecast ) Tj ET Q q 0 0 0 rg BT 125.57 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.36 723.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 169.05 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 186.07 723.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 203.63 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.53 723.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 254.87 723.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 274.66 723.60 Td (defaults, ) Tj ET Q q 0 0 0 rg BT 311.39 723.60 Td (including ) Tj ET Q q 0 0 0 rg BT 351.74 723.60 Td (making ) Tj ET Q q 0 0 0 rg BT 384.31 723.60 Td (projections ) Tj ET Q q 0 0 0 rg BT 431.32 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 445.55 723.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 469.23 723.60 Td (that ) Tj ET Q q 0 0 0 rg BT 486.80 723.60 Td (are ) Tj ET Q q 0 0 0 rg BT 501.59 723.60 Td (already ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 125.07 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 141.36 711.60 Td (for ) Tj ET Q q 0 0 0 rg BT 154.88 711.60 Td (those ) Tj ET Q q 0 0 0 rg BT 177.84 711.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 200.80 711.60 Td (that ) Tj ET Q q 0 0 0 rg BT 217.66 711.60 Td (are ) Tj ET Q q 0 0 0 rg BT 231.72 711.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 269.67 711.60 Td (performing ) Tj ET Q q 0 0 0 rg BT 316.51 711.60 Td (but ) Tj ET Q q 0 0 0 rg BT 331.14 711.60 Td (may ) Tj ET Q q 0 0 0 rg BT 350.21 711.60 Td (become ) Tj ET Q q 0 0 0 rg BT 383.16 711.60 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 427.23 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 436.86 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.94 711.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 479.17 711.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 503.79 711.60 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (used ) Tj ET Q q 0 0 0 rg BT 101.06 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 110.56 699.60 Td (this ) Tj ET Q q 0 0 0 rg BT 126.74 699.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 160.68 699.60 Td (include ) Tj ET Q q 0 0 0 rg BT 191.84 699.60 Td (type ) Tj ET Q q 0 0 0 rg BT 210.79 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 220.85 699.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 265.90 699.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 304.82 699.60 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 326.82 699.60 Td (prime, ) Tj ET Q q 0 0 0 rg BT 353.99 699.60 Td (Alternative ) Tj ET Q q 0 0 0 rg BT 400.32 699.60 Td (A-paper ) Tj ET Q q 0 0 0 rg BT 434.80 699.60 Td (\(Alt-A\), ) Tj ET Q q 0 0 0 rg BT 477.90 699.60 Td (or ) Tj ET Q q 0 0 0 rg BT 487.96 699.60 Td (subprime\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 128.86 687.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 178.40 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 190.17 687.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 236.92 687.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 261.46 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 279.33 687.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 308.88 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.64 687.60 Td (liquidations ) Tj ET Q q 0 0 0 rg BT 371.30 687.60 Td (by ) Tj ET Q q 0 0 0 rg BT 384.73 687.60 Td (state. ) Tj ET Q q 0 0 0 rg BT 408.99 687.60 Td (Once ) Tj ET Q q 0 0 0 rg BT 433.52 687.60 Td (default ) Tj ET Q q 0 0 0 rg BT 464.72 687.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 487.03 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 504.90 687.60 Td (timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 133.18 675.60 Td (are ) Tj ET Q q 0 0 0 rg BT 148.12 675.60 Td (determined, ) Tj ET Q q 0 0 0 rg BT 198.34 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.29 675.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.91 675.60 Td (then ) Tj ET Q q 0 0 0 rg BT 274.86 675.60 Td (makes ) Tj ET Q q 0 0 0 rg BT 303.14 675.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 355.33 675.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 396.38 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.33 675.60 Td (severity ) Tj ET Q q 0 0 0 rg BT 445.72 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 456.78 675.60 Td (a ) Tj ET Q q 0 0 0 rg BT 463.95 675.60 Td (default ) Tj ET Q q 0 0 0 rg BT 494.45 675.60 Td (if ) Tj ET Q q 0 0 0 rg BT 503.29 675.60 Td (it ) Tj ET Q q 0 0 0 rg BT 511.59 675.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.58 663.60 Td (occur) Tj ET Q q 0 0 0 rg BT 113.24 663.60 Td (. ) Tj ET Q q 0 0 0 rg BT 118.55 663.60 Td (Factors ) Tj ET Q q 0 0 0 rg BT 150.79 663.60 Td (that ) Tj ET Q q 0 0 0 rg BT 168.59 663.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 198.61 663.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.64 663.60 Td (severity ) Tj ET Q q 0 0 0 rg BT 248.10 663.60 Td (assumption ) Tj ET Q q 0 0 0 rg BT 296.46 663.60 Td (include ) Tj ET Q q 0 0 0 rg BT 328.70 663.60 Td (expectations ) Tj ET Q q 0 0 0 rg BT 381.49 663.60 Td (for ) Tj ET Q q 0 0 0 rg BT 395.96 663.60 Td (future ) Tj ET Q q 0 0 0 rg BT 422.64 663.60 Td (home ) Tj ET Q q 0 0 0 rg BT 447.66 663.60 Td (price ) Tj ET Q q 0 0 0 rg BT 470.45 663.60 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 522.68 663.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 135.85 651.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 155.99 651.60 Td (size, ) Tj ET Q q 0 0 0 rg BT 176.96 651.60 Td (first ) Tj ET Q q 0 0 0 rg BT 196.00 651.60 Td (lien ) Tj ET Q q 0 0 0 rg BT 213.92 651.60 Td (versus ) Tj ET Q q 0 0 0 rg BT 242.40 651.60 Td (second ) Tj ET Q q 0 0 0 rg BT 273.10 651.60 Td (lien, ) Tj ET Q q 0 0 0 rg BT 293.52 651.60 Td (existence ) Tj ET Q q 0 0 0 rg BT 333.65 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 344.91 651.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 365.05 651.60 Td (level ) Tj ET Q q 0 0 0 rg BT 387.41 651.60 Td (private ) Tj ET Q q 0 0 0 rg BT 418.10 651.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 458.79 651.60 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 502.54 651.60 Td (type ) Tj ET Q q 0 0 0 rg BT 522.68 651.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 126.96 639.60 Td (and ) Tj ET Q q 0 0 0 rg BT 144.60 639.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 192.23 639.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 241.55 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 253.08 639.60 Td (loans. ) Tj ET Q q 0 0 0 rg BT 279.90 639.60 Td (Once ) Tj ET Q q 0 0 0 rg BT 304.20 639.60 Td (default ) Tj ET Q q 0 0 0 rg BT 335.17 639.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.81 639.60 Td (severity ) Tj ET Q q 0 0 0 rg BT 387.67 639.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 440.32 639.60 Td (are ) Tj ET Q q 0 0 0 rg BT 455.73 639.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 503.92 639.60 Td (for ) Tj ET Q q 0 0 0 rg BT 518.78 639.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.60 Td (security ) Tj ET Q q 0 0 0 rg BT 116.83 627.60 Td (in ) Tj ET Q q 0 0 0 rg BT 128.79 627.60 Td (question, ) Tj ET Q q 0 0 0 rg BT 169.35 627.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 191.30 627.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 217.70 627.60 Td (for ) Tj ET Q q 0 0 0 rg BT 233.53 627.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.93 627.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 297.43 627.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 338.81 627.60 Td (are ) Tj ET Q q 0 0 0 rg BT 355.19 627.60 Td (projected, ) Tj ET Q q 0 0 0 rg BT 399.07 627.60 Td (including ) Tj ET Q q 0 0 0 rg BT 441.02 627.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 480.73 627.60 Td (defaults ) Tj ET Q q 0 0 0 rg BT 516.56 627.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.60 Td (prepayments. ) Tj ET Q q 0 0 0 rg BT 136.63 615.60 Td (These ) Tj ET Q q 0 0 0 rg BT 162.69 615.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 182.65 615.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 207.07 615.60 Td (on ) Tj ET Q q 0 0 0 rg BT 219.26 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.67 615.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 273.06 615.60 Td (are ) Tj ET Q q 0 0 0 rg BT 287.45 615.60 Td (then ) Tj ET Q q 0 0 0 rg BT 306.86 615.60 Td (translated ) Tj ET Q q 0 0 0 rg BT 347.93 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 357.90 615.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 377.86 615.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 402.27 615.60 Td (on ) Tj ET Q q 0 0 0 rg BT 414.46 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.87 615.60 Td (Company) Tj ET Q q 0 0 0 rg BT 470.53 615.60 Td (s ) Tj ET Q q 0 0 0 rg BT 476.62 615.60 Td (tranche ) Tj ET Q q 0 0 0 rg BT 508.23 615.60 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 603.60 Td (on ) Tj ET Q q 0 0 0 rg BT 93.65 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 108.51 603.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 128.93 603.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 149.91 603.60 Td (waterfall ) Tj ET Q q 0 0 0 rg BT 188.09 603.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.07 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.93 603.60 Td (entire ) Tj ET Q q 0 0 0 rg BT 239.34 603.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 268.64 603.60 Td (security ) Tj ET Q q 0 0 0 rg BT 302.94 603.60 Td (structure. ) Tj ET Q q 0 0 0 rg BT 343.08 603.60 Td (If ) Tj ET Q q 0 0 0 rg BT 352.38 603.60 Td (this ) Tj ET Q q 0 0 0 rg BT 369.48 603.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 404.35 603.60 Td (indicates ) Tj ET Q q 0 0 0 rg BT 442.54 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.40 603.60 Td (entire ) Tj ET Q q 0 0 0 rg BT 482.81 603.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 521.00 603.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 591.60 Td (a ) Tj ET Q q 0 0 0 rg BT 88.58 591.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 130.03 591.60 Td (security ) Tj ET Q q 0 0 0 rg BT 164.83 591.60 Td (will ) Tj ET Q q 0 0 0 rg BT 183.53 591.60 Td (not ) Tj ET Q q 0 0 0 rg BT 199.45 591.60 Td (be ) Tj ET Q q 0 0 0 rg BT 212.03 591.60 Td (returned, ) Tj ET Q q 0 0 0 rg BT 250.99 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 266.35 591.60 Td (security ) Tj ET Q q 0 0 0 rg BT 301.14 591.60 Td (is ) Tj ET Q q 0 0 0 rg BT 310.96 591.60 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 350.74 591.60 Td (for ) Tj ET Q q 0 0 0 rg BT 365.55 591.60 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 391.46 591.60 Td (by ) Tj ET Q q 0 0 0 rg BT 404.60 591.60 Td (comparing ) Tj ET Q q 0 0 0 rg BT 450.50 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.86 591.60 Td (present ) Tj ET Q q 0 0 0 rg BT 497.88 591.60 Td (value ) Tj ET Q q 0 0 0 rg BT 522.68 591.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 579.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 118.80 579.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 138.83 579.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 163.32 579.60 Td (to ) Tj ET Q q 0 0 0 rg BT 173.36 579.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 215.60 579.60 Td (cost. ) Tj ET Q q 0 0 0 rg BT 236.31 579.60 Td (T) Tj ET Q q 0 0 0 rg BT 241.72 579.60 Td (o ) Tj ET Q q 0 0 0 rg BT 248.99 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.47 579.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 290.17 579.60 Td (that ) Tj ET Q q 0 0 0 rg BT 307.43 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.91 579.60 Td (security ) Tj ET Q q 0 0 0 rg BT 355.83 579.60 Td (has ) Tj ET Q q 0 0 0 rg BT 371.42 579.60 Td (already ) Tj ET Q q 0 0 0 rg BT 403.11 579.60 Td (been ) Tj ET Q q 0 0 0 rg BT 424.25 579.60 Td (impaired ) Tj ET Q q 0 0 0 rg BT 462.06 579.60 Td (or ) Tj ET Q q 0 0 0 rg BT 472.66 579.60 Td (was ) Tj ET Q q 0 0 0 rg BT 490.47 579.60 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 567.60 Td (at ) Tj ET Q q 0 0 0 rg BT 90.96 567.60 Td (a ) Tj ET Q q 0 0 0 rg BT 98.15 567.60 Td (discount, ) Tj ET Q q 0 0 0 rg BT 137.28 567.60 Td (such ) Tj ET Q q 0 0 0 rg BT 158.36 567.60 Td (that ) Tj ET Q q 0 0 0 rg BT 176.10 567.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.06 567.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 233.79 567.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 252.65 567.60 Td (of ) Tj ET Q q 0 0 0 rg BT 263.72 567.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.69 567.60 Td (security ) Tj ET Q q 0 0 0 rg BT 313.09 567.60 Td (is ) Tj ET Q q 0 0 0 rg BT 322.50 567.60 Td (less ) Tj ET Q q 0 0 0 rg BT 340.25 567.60 Td (than ) Tj ET Q q 0 0 0 rg BT 360.21 567.60 Td (or ) Tj ET Q q 0 0 0 rg BT 371.29 567.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 395.69 567.60 Td (to ) Tj ET Q q 0 0 0 rg BT 406.22 567.60 Td (the ) Tj ET Q q 0 0 0 rg BT 421.18 567.60 Td (present ) Tj ET Q q 0 0 0 rg BT 452.80 567.60 Td (value ) Tj ET Q q 0 0 0 rg BT 477.21 567.60 Td (of ) Tj ET Q q 0 0 0 rg BT 488.28 567.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 508.80 567.60 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 555.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 118.81 555.60 Td (to ) Tj ET Q q 0 0 0 rg BT 128.86 555.60 Td (be ) Tj ET Q q 0 0 0 rg BT 140.58 555.60 Td (collected, ) Tj ET Q q 0 0 0 rg BT 181.44 555.60 Td (no ) Tj ET Q q 0 0 0 rg BT 193.71 555.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 242.09 555.60 Td (is ) Tj ET Q q 0 0 0 rg BT 251.03 555.60 Td (required. ) Tj ET Q q 0 0 0 rg BT 288.96 555.60 Td (The ) Tj ET Q q 0 0 0 rg BT 306.78 555.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 347.94 555.60 Td (also ) Tj ET Q q 0 0 0 rg BT 366.33 555.60 Td (considers ) Tj ET Q q 0 0 0 rg BT 406.37 555.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.86 555.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 448.69 555.60 Td (of ) Tj ET Q q 0 0 0 rg BT 459.30 555.60 Td (monoline ) Tj ET Q q 0 0 0 rg BT 499.35 555.60 Td (insurers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 543.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.41 543.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 113.48 543.60 Td (their ) Tj ET Q q 0 0 0 rg BT 134.43 543.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 181.48 543.60 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 226.87 543.60 Td (on ) Tj ET Q q 0 0 0 rg BT 239.50 543.60 Td (wrapped ) Tj ET Q q 0 0 0 rg BT 276.56 543.60 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 348.60 543.60 Td (securities. ) Tj ET Q q 0 0 0 rg BT 391.50 543.60 Td (Otherwise, ) Tj ET Q q 0 0 0 rg BT 437.73 543.60 Td (if ) Tj ET Q q 0 0 0 rg BT 446.47 543.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.32 543.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 503.93 543.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 522.67 543.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 531.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.09 531.60 Td (security ) Tj ET Q q 0 0 0 rg BT 128.61 531.60 Td (is ) Tj ET Q q 0 0 0 rg BT 137.15 531.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 166.78 531.60 Td (than ) Tj ET Q q 0 0 0 rg BT 185.86 531.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.95 531.60 Td (present ) Tj ET Q q 0 0 0 rg BT 230.70 531.60 Td (value ) Tj ET Q q 0 0 0 rg BT 254.22 531.60 Td (of ) Tj ET Q q 0 0 0 rg BT 264.42 531.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.51 531.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 298.15 531.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 322.24 531.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 359.64 531.60 Td (to ) Tj ET Q q 0 0 0 rg BT 369.29 531.60 Td (be ) Tj ET Q q 0 0 0 rg BT 380.60 531.60 Td (collected, ) Tj ET Q q 0 0 0 rg BT 421.06 531.60 Td (then ) Tj ET Q q 0 0 0 rg BT 440.15 531.60 Td (an ) Tj ET Q q 0 0 0 rg BT 451.45 531.60 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 476.09 531.60 Td (is ) Tj ET Q q 0 0 0 rg BT 484.63 531.60 Td (recognized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 512.60 Td (The ) Tj ET Q q 0 0 0 rg BT 121.37 512.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.58 512.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 198.23 512.60 Td (on ) Tj ET Q q 0 0 0 rg BT 210.55 512.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.09 512.60 Td (face ) Tj ET Q q 0 0 0 rg BT 244.06 512.60 Td (of ) Tj ET Q q 0 0 0 rg BT 254.71 512.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.25 512.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 324.35 512.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 370.56 512.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.21 512.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.09 512.60 Td ( ) Tj ET Q q 0 0 0 rg BT 427.41 512.60 Td (the ) Tj ET Q q 0 0 0 rg BT 441.95 512.60 Td (total ) Tj ET Q q 0 0 0 rg BT 462.05 512.60 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 487.14 512.60 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 500.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.31 500.60 Td ("Net ) Tj ET Q q 0 0 0 rg BT 112.36 500.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 158.77 500.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 182.41 500.60 Td (\(losses\)", ) Tj ET Q q 0 0 0 rg BT 222.07 500.60 Td (with ) Tj ET Q q 0 0 0 rg BT 242.38 500.60 Td (an ) Tj ET Q q 0 0 0 rg BT 254.34 500.60 Td (of) Tj ET Q q 0 0 0 rg BT 262.49 500.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 279.46 500.60 Td (for ) Tj ET Q q 0 0 0 rg BT 293.65 500.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.40 500.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 340.92 500.60 Td (of ) Tj ET Q q 0 0 0 rg BT 351.78 500.60 Td (non-credit ) Tj ET Q q 0 0 0 rg BT 395.40 500.60 Td (impairments ) Tj ET Q q 0 0 0 rg BT 447.92 500.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 494.32 500.60 Td (in ) Tj ET Q q 0 0 0 rg BT 504.06 500.60 Td (AOCI. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 488.60 Td (The ) Tj ET Q q 0 0 0 rg BT 99.03 488.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.39 488.60 Td (discloses ) Tj ET Q q 0 0 0 rg BT 178.98 488.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.68 488.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 226.15 488.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.96 488.60 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 262.21 488.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 308.55 488.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.26 488.60 Td (AOCI ) Tj ET Q q 0 0 0 rg BT 345.18 488.60 Td (and ) Tj ET Q q 0 0 0 rg BT 362.10 488.60 Td (other ) Tj ET Q q 0 0 0 rg BT 385.13 488.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 432.05 488.60 Td (related ) Tj ET Q q 0 0 0 rg BT 461.73 488.60 Td (to ) Tj ET Q q 0 0 0 rg BT 471.99 488.60 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 497.23 488.60 Td (in ) Tj ET Q q 0 0 0 rg BT 507.49 488.60 Td ("Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 476.60 Td (4. ) Tj ET Q q 0 0 0 rg BT 93.42 476.60 Td (Investments" ) Tj ET Q q 0 0 0 rg BT 150.75 476.60 Td (to ) Tj ET Q q 0 0 0 rg BT 163.44 476.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.58 476.60 Td (Company) Tj ET Q q 0 0 0 rg BT 222.25 476.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.06 476.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 288.75 476.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 330.88 476.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.76 476.60 Td ( ) Tj ET Q q 0 0 0 rg BT 379.68 476.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.04 476.60 Td (the ) Tj ET Q q 0 0 0 rg BT 416.18 476.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 473.87 476.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 522.67 476.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 464.60 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 146.26 464.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 178.75 464.60 Td (\(Loss\). ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.00 446.60 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 136.50 446.60 Td (Loans ) Tj ET Q q 0 0 0 rg BT 164.56 446.60 Td (on ) Tj ET Q q 0 0 0 rg BT 177.62 446.60 Td (Real ) Tj ET Q q 0 0 0 rg BT 199.01 446.60 Td (Estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 428.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.04 428.60 Td (Company) Tj ET Q q 0 0 0 rg BT 163.70 428.60 Td (s ) Tj ET Q q 0 0 0 rg BT 171.08 428.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 212.33 428.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 236.93 428.60 Td (on ) Tj ET Q q 0 0 0 rg BT 250.42 428.60 Td (real ) Tj ET Q q 0 0 0 rg BT 268.89 428.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 295.15 428.60 Td (are ) Tj ET Q q 0 0 0 rg BT 310.84 428.60 Td (all ) Tj ET Q q 0 0 0 rg BT 324.33 428.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 375.01 428.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 416.26 428.60 Td (loans, ) Tj ET Q q 0 0 0 rg BT 443.36 428.60 Td (which ) Tj ET Q q 0 0 0 rg BT 471.29 428.60 Td (are ) Tj ET Q q 0 0 0 rg BT 486.98 428.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 523.79 428.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 416.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 124.25 416.60 Td (cost, ) Tj ET Q q 0 0 0 rg BT 146.13 416.60 Td (less ) Tj ET Q q 0 0 0 rg BT 164.41 416.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 213.78 416.60 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 267.04 416.60 Td (and ) Tj ET Q q 0 0 0 rg BT 284.75 416.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 328.56 416.60 Td (for ) Tj ET Q q 0 0 0 rg BT 343.49 416.60 Td (losses. ) Tj ET Q q 0 0 0 rg BT 373.16 416.60 Td (If ) Tj ET Q q 0 0 0 rg BT 383.09 416.60 Td (a ) Tj ET Q q 0 0 0 rg BT 390.80 416.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 431.84 416.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 452.33 416.60 Td (is ) Tj ET Q q 0 0 0 rg BT 462.27 416.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 510.52 416.60 Td (to ) Tj ET Q q 0 0 0 rg BT 521.58 416.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 404.60 Td (impaired ) Tj ET Q q 0 0 0 rg BT 119.58 404.60 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 140.66 404.60 Td (when ) Tj ET Q q 0 0 0 rg BT 165.35 404.60 Td (it ) Tj ET Q q 0 0 0 rg BT 173.94 404.60 Td (is ) Tj ET Q q 0 0 0 rg BT 183.64 404.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 221.66 404.60 Td (that ) Tj ET Q q 0 0 0 rg BT 239.69 404.60 Td (the ) Tj ET Q q 0 0 0 rg BT 254.94 404.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 296.86 404.60 Td (will ) Tj ET Q q 0 0 0 rg BT 315.45 404.60 Td (be ) Tj ET Q q 0 0 0 rg BT 327.93 404.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 357.61 404.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.43 404.60 Td (collect ) Tj ET Q q 0 0 0 rg BT 398.11 404.60 Td (all ) Tj ET Q q 0 0 0 rg BT 411.14 404.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 448.06 404.60 Td (due ) Tj ET Q q 0 0 0 rg BT 465.53 404.60 Td (according ) Tj ET Q q 0 0 0 rg BT 507.99 404.60 Td (to ) Tj ET Q q 0 0 0 rg BT 518.80 404.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 127.45 392.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 151.70 392.60 Td (of ) Tj ET Q q 0 0 0 rg BT 162.06 392.60 Td (the ) Tj ET Q q 0 0 0 rg BT 176.31 392.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 195.56 392.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 239.23 392.60 Td (or ) Tj ET Q q 0 0 0 rg BT 249.59 392.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.84 392.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 283.08 392.60 Td (is ) Tj ET Q q 0 0 0 rg BT 291.79 392.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 329.92 392.60 Td (in ) Tj ET Q q 0 0 0 rg BT 339.73 392.60 Td (a ) Tj ET Q q 0 0 0 rg BT 346.20 392.60 Td (troubled ) Tj ET Q q 0 0 0 rg BT 381.56 392.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 400.80 392.60 Td (restructuring\), ) Tj ET Q q 0 0 0 rg BT 459.76 392.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.01 392.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 509.35 392.60 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 380.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.55 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 107.98 380.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 148.96 380.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 169.39 380.60 Td (is ) Tj ET Q q 0 0 0 rg BT 179.28 380.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 214.14 380.60 Td (to ) Tj ET Q q 0 0 0 rg BT 225.14 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.57 380.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 266.56 380.60 Td (of ) Tj ET Q q 0 0 0 rg BT 278.10 380.60 Td (either ) Tj ET Q q 0 0 0 rg BT 304.08 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.52 380.60 Td (present ) Tj ET Q q 0 0 0 rg BT 351.61 380.60 Td (value ) Tj ET Q q 0 0 0 rg BT 376.48 380.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.03 380.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 426.78 380.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 447.77 380.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 473.20 380.60 Td (from ) Tj ET Q q 0 0 0 rg BT 495.86 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 511.29 380.60 Td (loan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 368.60 Td (discounted ) Tj ET Q q 0 0 0 rg BT 128.22 368.60 Td (at ) Tj ET Q q 0 0 0 rg BT 139.34 368.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.45 368.60 Td (loan) Tj ET Q q 0 0 0 rg BT 175.45 368.60 Td (s ) Tj ET Q q 0 0 0 rg BT 183.24 368.60 Td (original ) Tj ET Q q 0 0 0 rg BT 218.24 368.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 257.67 368.60 Td (yield, ) Tj ET Q q 0 0 0 rg BT 284.06 368.60 Td (or ) Tj ET Q q 0 0 0 rg BT 296.29 368.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 314.07 368.60 Td (value ) Tj ET Q q 0 0 0 rg BT 339.62 368.60 Td (of ) Tj ET Q q 0 0 0 rg BT 351.85 368.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.96 368.60 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 411.55 368.60 Td (For ) Tj ET Q q 0 0 0 rg BT 429.34 368.60 Td (those ) Tj ET Q q 0 0 0 rg BT 454.35 368.60 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 499.90 368.60 Td (that ) Tj ET Q q 0 0 0 rg BT 518.79 368.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 356.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 128.61 356.60 Td (to ) Tj ET Q q 0 0 0 rg BT 139.01 356.60 Td (require ) Tj ET Q q 0 0 0 rg BT 169.95 356.60 Td (foreclosure, ) Tj ET Q q 0 0 0 rg BT 220.05 356.60 Td (the ) Tj ET Q q 0 0 0 rg BT 234.90 356.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 270.84 356.60 Td (value ) Tj ET Q q 0 0 0 rg BT 295.12 356.60 Td (is ) Tj ET Q q 0 0 0 rg BT 304.42 356.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 338.69 356.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.09 356.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.93 356.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 380.44 356.60 Td (value ) Tj ET Q q 0 0 0 rg BT 404.72 356.60 Td (of ) Tj ET Q q 0 0 0 rg BT 415.67 356.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.52 356.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 476.47 356.60 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 518.79 356.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 344.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.36 344.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 131.71 344.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 153.74 344.60 Td (to ) Tj ET Q q 0 0 0 rg BT 163.54 344.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 190.57 344.60 Td (and ) Tj ET Q q 0 0 0 rg BT 207.04 344.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 222.95 344.60 Td (at ) Tj ET Q q 0 0 0 rg BT 232.20 344.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.44 344.60 Td (point ) Tj ET Q q 0 0 0 rg BT 269.03 344.60 Td (of ) Tj ET Q q 0 0 0 rg BT 279.39 344.60 Td (foreclosure. ) Tj ET Q q 0 0 0 rg BT 328.74 344.60 Td (The ) Tj ET Q q 0 0 0 rg BT 346.32 344.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 381.66 344.60 Td (value ) Tj ET Q q 0 0 0 rg BT 405.35 344.60 Td (of ) Tj ET Q q 0 0 0 rg BT 415.71 344.60 Td (the ) Tj ET Q q 0 0 0 rg BT 429.95 344.60 Td (impaired ) Tj ET Q q 0 0 0 rg BT 467.52 344.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 490.66 344.60 Td (is ) Tj ET Q q 0 0 0 rg BT 499.36 344.60 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 332.60 Td (by ) Tj ET Q q 0 0 0 rg BT 94.73 332.60 Td (establishing ) Tj ET Q q 0 0 0 rg BT 146.24 332.60 Td (an ) Tj ET Q q 0 0 0 rg BT 159.42 332.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 203.68 332.60 Td (with ) Tj ET Q q 0 0 0 rg BT 225.19 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.15 332.60 Td (of) Tj ET Q q 0 0 0 rg BT 249.29 332.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 267.47 332.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 306.18 332.60 Td (in ) Tj ET Q q 0 0 0 rg BT 317.69 332.60 Td ("Net ) Tj ET Q q 0 0 0 rg BT 339.95 332.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 387.56 332.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 412.40 332.60 Td (\(losses\)" ) Tj ET Q q 0 0 0 rg BT 450.77 332.60 Td (in ) Tj ET Q q 0 0 0 rg BT 462.29 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.24 332.60 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 320.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 127.38 320.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.21 320.60 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 302.60 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 144.83 302.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 168.89 302.60 Td (are ) Tj ET Q q 0 0 0 rg BT 184.05 302.60 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 225.32 302.60 Td (by ) Tj ET Q q 0 0 0 rg BT 238.27 302.60 Td (the ) Tj ET Q q 0 0 0 rg BT 253.44 302.60 Td (Company) Tj ET Q q 0 0 0 rg BT 295.10 302.60 Td (s ) Tj ET Q q 0 0 0 rg BT 301.95 302.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 348.78 302.60 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 407.00 302.60 Td (including ) Tj ET Q q 0 0 0 rg BT 447.73 302.60 Td (an ) Tj ET Q q 0 0 0 rg BT 460.12 302.60 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 499.17 302.60 Td (of ) Tj ET Q q 0 0 0 rg BT 510.45 302.60 Td (loan-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 290.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 115.08 290.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 140.83 290.60 Td (quality) Tj ET Q q 0 0 0 rg BT 167.95 290.60 Td (, ) Tj ET Q q 0 0 0 rg BT 173.44 290.60 Td (property ) Tj ET Q q 0 0 0 rg BT 210.30 290.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 270.47 290.60 Td (and ) Tj ET Q q 0 0 0 rg BT 287.89 290.60 Td (market ) Tj ET Q q 0 0 0 rg BT 318.64 290.60 Td (trends. ) Tj ET Q q 0 0 0 rg BT 348.57 290.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 372.10 290.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 425.60 290.60 Td (is ) Tj ET Q q 0 0 0 rg BT 435.26 290.60 Td (continuously ) Tj ET Q q 0 0 0 rg BT 489.91 290.60 Td (monitored ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 278.60 Td (on ) Tj ET Q q 0 0 0 rg BT 94.66 278.60 Td (a ) Tj ET Q q 0 0 0 rg BT 102.76 278.60 Td (loan-specific ) Tj ET Q q 0 0 0 rg BT 158.07 278.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 181.73 278.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 229.28 278.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.16 278.60 Td (year) Tj ET Q q 0 0 0 rg BT 261.81 278.60 Td (. ) Tj ET Q q 0 0 0 rg BT 267.71 278.60 Td (The ) Tj ET Q q 0 0 0 rg BT 286.92 278.60 Td (Company) Tj ET Q q 0 0 0 rg BT 328.58 278.60 Td (s ) Tj ET Q q 0 0 0 rg BT 336.14 278.60 Td (review ) Tj ET Q q 0 0 0 rg BT 367.00 278.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 403.99 278.60 Td (submitted ) Tj ET Q q 0 0 0 rg BT 447.10 278.60 Td (appraisals, ) Tj ET Q q 0 0 0 rg BT 493.25 278.60 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.60 Td (statements, ) Tj ET Q q 0 0 0 rg BT 128.81 266.60 Td (rent ) Tj ET Q q 0 0 0 rg BT 147.46 266.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 186.10 266.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.64 266.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 233.40 266.60 Td (inspection ) Tj ET Q q 0 0 0 rg BT 277.61 266.60 Td (reports, ) Tj ET Q q 0 0 0 rg BT 310.98 266.60 Td (among ) Tj ET Q q 0 0 0 rg BT 341.29 266.60 Td (other ) Tj ET Q q 0 0 0 rg BT 364.94 266.60 Td (items. ) Tj ET Q q 0 0 0 rg BT 391.99 266.60 Td (This ) Tj ET Q q 0 0 0 rg BT 412.87 266.60 Td (review ) Tj ET Q q 0 0 0 rg BT 443.18 266.60 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 483.48 266.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 518.79 266.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 123.49 254.60 Td (are ) Tj ET Q q 0 0 0 rg BT 138.19 254.60 Td (performing ) Tj ET Q q 0 0 0 rg BT 185.68 254.60 Td (at ) Tj ET Q q 0 0 0 rg BT 195.39 254.60 Td (a ) Tj ET Q q 0 0 0 rg BT 202.33 254.60 Td (consistent ) Tj ET Q q 0 0 0 rg BT 244.83 254.60 Td (and ) Tj ET Q q 0 0 0 rg BT 261.77 254.60 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 306.45 254.60 Td (level ) Tj ET Q q 0 0 0 rg BT 328.39 254.60 Td (to ) Tj ET Q q 0 0 0 rg BT 338.67 254.60 Td (secure ) Tj ET Q q 0 0 0 rg BT 366.70 254.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.42 254.60 Td (debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 236.60 Td (Mortgages ) Tj ET Q q 0 0 0 rg BT 148.19 236.60 Td (are ) Tj ET Q q 0 0 0 rg BT 162.82 236.60 Td (rated ) Tj ET Q q 0 0 0 rg BT 185.23 236.60 Td (for ) Tj ET Q q 0 0 0 rg BT 199.31 236.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.95 236.60 Td (purpose ) Tj ET Q q 0 0 0 rg BT 248.03 236.60 Td (of ) Tj ET Q q 0 0 0 rg BT 258.78 236.60 Td (quantifying ) Tj ET Q q 0 0 0 rg BT 307.31 236.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.95 236.60 Td (level ) Tj ET Q q 0 0 0 rg BT 343.80 236.60 Td (of ) Tj ET Q q 0 0 0 rg BT 354.55 236.60 Td (risk. ) Tj ET Q q 0 0 0 rg BT 374.30 236.60 Td (Those ) Tj ET Q q 0 0 0 rg BT 401.16 236.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 424.69 236.60 Td (with ) Tj ET Q q 0 0 0 rg BT 444.89 236.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 472.86 236.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 490.28 236.60 Td (are ) Tj ET Q q 0 0 0 rg BT 504.91 236.60 Td (placed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 224.60 Td (on ) Tj ET Q q 0 0 0 rg BT 92.98 224.60 Td (a ) Tj ET Q q 0 0 0 rg BT 99.40 224.60 Td (watch ) Tj ET Q q 0 0 0 rg BT 125.26 224.60 Td (list ) Tj ET Q q 0 0 0 rg BT 139.47 224.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.89 224.60 Td (are ) Tj ET Q q 0 0 0 rg BT 170.08 224.60 Td (closely ) Tj ET Q q 0 0 0 rg BT 200.38 224.60 Td (monitored ) Tj ET Q q 0 0 0 rg BT 243.47 224.60 Td (for ) Tj ET Q q 0 0 0 rg BT 257.11 224.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 296.29 224.60 Td (deficiency ) Tj ET Q q 0 0 0 rg BT 339.91 224.60 Td (or ) Tj ET Q q 0 0 0 rg BT 350.22 224.60 Td (other ) Tj ET Q q 0 0 0 rg BT 372.75 224.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 397.50 224.60 Td (events ) Tj ET Q q 0 0 0 rg BT 425.02 224.60 Td (that ) Tj ET Q q 0 0 0 rg BT 442.00 224.60 Td (may ) Tj ET Q q 0 0 0 rg BT 461.20 224.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 479.83 224.60 Td (to ) Tj ET Q q 0 0 0 rg BT 489.59 224.60 Td (a ) Tj ET Q q 0 0 0 rg BT 496.01 224.60 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 212.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 98.93 212.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.63 212.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 147.55 212.60 Td (or ) Tj ET Q q 0 0 0 rg BT 158.25 212.60 Td (interest. ) Tj ET Q q 0 0 0 rg BT 192.38 212.60 Td (The ) Tj ET Q q 0 0 0 rg BT 210.30 212.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 251.55 212.60 Td (defines ) Tj ET Q q 0 0 0 rg BT 282.80 212.60 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 327.38 212.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 367.52 212.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 391.00 212.60 Td (consistent ) Tj ET Q q 0 0 0 rg BT 433.36 212.60 Td (with ) Tj ET Q q 0 0 0 rg BT 453.51 212.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 488.66 212.60 Td (practice ) Tj ET Q q 0 0 0 rg BT 522.67 212.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 200.60 Td (30 ) Tj ET Q q 0 0 0 rg BT 93.50 200.60 Td (days ) Tj ET Q q 0 0 0 rg BT 114.33 200.60 Td (past ) Tj ET Q q 0 0 0 rg BT 132.94 200.60 Td (due.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 182.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 136.24 182.60 Td (on ) Tj ET Q q 0 0 0 rg BT 149.50 182.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 173.87 182.60 Td (is ) Tj ET Q q 0 0 0 rg BT 183.80 182.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 230.92 182.60 Td (on ) Tj ET Q q 0 0 0 rg BT 244.18 182.60 Td (an ) Tj ET Q q 0 0 0 rg BT 256.87 182.60 Td (accrual ) Tj ET Q q 0 0 0 rg BT 288.99 182.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 312.25 182.60 Td (at ) Tj ET Q q 0 0 0 rg BT 322.73 182.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.20 182.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 382.55 182.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 415.24 182.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 433.48 182.60 Td (on ) Tj ET Q q 0 0 0 rg BT 446.74 182.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.22 182.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 501.02 182.60 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 170.60 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 132.05 170.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 154.49 170.60 Td (origination ) Tj ET Q q 0 0 0 rg BT 200.26 170.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 218.24 170.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.57 170.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 259.22 170.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 283.60 170.60 Td (as ) Tj ET Q q 0 0 0 rg BT 293.82 170.60 Td (well ) Tj ET Q q 0 0 0 rg BT 312.93 170.60 Td (as ) Tj ET Q q 0 0 0 rg BT 323.14 170.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 365.03 170.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.35 170.60 Td (discounts, ) Tj ET Q q 0 0 0 rg BT 423.52 170.60 Td (are ) Tj ET Q q 0 0 0 rg BT 437.61 170.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 479.48 170.60 Td (as ) Tj ET Q q 0 0 0 rg BT 489.70 170.60 Td (level ) Tj ET Q q 0 0 0 rg BT 511.02 170.60 Td (yield ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 158.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 131.62 158.60 Td (over ) Tj ET Q q 0 0 0 rg BT 152.23 158.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.30 158.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 210.67 158.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 230.74 158.60 Td (terms. ) Tj ET Q q 0 0 0 rg BT 258.30 158.60 Td (Unamortized ) Tj ET Q q 0 0 0 rg BT 313.35 158.60 Td (net ) Tj ET Q q 0 0 0 rg BT 328.41 158.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 347.35 158.60 Td (or ) Tj ET Q q 0 0 0 rg BT 358.53 158.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 381.38 158.60 Td (are ) Tj ET Q q 0 0 0 rg BT 396.43 158.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 443.14 158.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 465.98 158.60 Td (early ) Tj ET Q q 0 0 0 rg BT 488.81 158.60 Td (repayment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.26 146.60 Td (the ) Tj ET Q q 0 0 0 rg BT 107.40 146.60 Td (loans. ) Tj ET Q q 0 0 0 rg BT 133.94 146.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 157.42 146.60 Td (commitment ) Tj ET Q q 0 0 0 rg BT 210.89 146.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 229.92 146.60 Td (are ) Tj ET Q q 0 0 0 rg BT 245.06 146.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 281.29 146.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.66 146.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 341.57 146.60 Td (on ) Tj ET Q q 0 0 0 rg BT 354.50 146.60 Td (an ) Tj ET Q q 0 0 0 rg BT 366.86 146.60 Td (ef) Tj ET Q q 0 0 0 rg BT 374.45 146.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 404.58 146.60 Td (yield ) Tj ET Q q 0 0 0 rg BT 427.50 146.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 450.43 146.60 Td (over ) Tj ET Q q 0 0 0 rg BT 471.13 146.60 Td (the ) Tj ET Q q 0 0 0 rg BT 486.28 146.60 Td (term ) Tj ET Q q 0 0 0 rg BT 507.53 146.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 146.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 134.60 Td (loan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 116.60 Td (W) Tj ET Q q 0 0 0 rg BT 111.64 116.60 Td (e ) Tj ET Q q 0 0 0 rg BT 119.12 116.60 Td (establish ) Tj ET Q q 0 0 0 rg BT 157.15 116.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 197.95 116.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 218.21 116.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 258.46 116.60 Td (allowances ) Tj ET Q q 0 0 0 rg BT 305.92 116.60 Td (both ) Tj ET Q q 0 0 0 rg BT 326.74 116.60 Td (on ) Tj ET Q q 0 0 0 rg BT 339.78 116.60 Td (a ) Tj ET Q q 0 0 0 rg BT 347.26 116.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 367.52 116.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 401.65 116.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 424.69 116.60 Td (for ) Tj ET Q q 0 0 0 rg BT 439.39 116.60 Td (those ) Tj ET Q q 0 0 0 rg BT 463.54 116.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 487.69 116.60 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 104.60 Td (impaired ) Tj ET Q q 0 0 0 rg BT 119.30 104.60 Td (where ) Tj ET Q q 0 0 0 rg BT 146.48 104.60 Td (a ) Tj ET Q q 0 0 0 rg BT 153.68 104.60 Td (property ) Tj ET Q q 0 0 0 rg BT 190.31 104.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 224.16 104.60 Td (or ) Tj ET Q q 0 0 0 rg BT 235.25 104.60 Td (market ) Tj ET Q q 0 0 0 rg BT 265.77 104.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 299.62 104.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 317.37 104.60 Td (has ) Tj ET Q q 0 0 0 rg BT 333.46 104.60 Td (been ) Tj ET Q q 0 0 0 rg BT 355.09 104.60 Td (identified ) Tj ET Q q 0 0 0 rg BT 396.17 104.60 Td (that ) Tj ET Q q 0 0 0 rg BT 413.92 104.60 Td (could ) Tj ET Q q 0 0 0 rg BT 438.90 104.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 464.43 104.60 Td (result ) Tj ET Q q 0 0 0 rg BT 489.40 104.60 Td (in ) Tj ET Q q 0 0 0 rg BT 499.93 104.60 Td (a ) Tj ET Q q 0 0 0 rg BT 507.13 104.60 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.60 Td (loss, ) Tj ET Q q 0 0 0 rg BT 101.25 92.60 Td (as ) Tj ET Q q 0 0 0 rg BT 111.76 92.60 Td (well ) Tj ET Q q 0 0 0 rg BT 131.17 92.60 Td (as ) Tj ET Q q 0 0 0 rg BT 141.68 92.60 Td (for ) Tj ET Q q 0 0 0 rg BT 155.53 92.60 Td (pools ) Tj ET Q q 0 0 0 rg BT 179.39 92.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.90 92.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 213.20 92.60 Td (with ) Tj ET Q q 0 0 0 rg BT 233.16 92.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 263.12 92.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 280.31 92.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 339.68 92.60 Td (where ) Tj ET Q q 0 0 0 rg BT 366.30 92.60 Td (a ) Tj ET Q q 0 0 0 rg BT 372.92 92.60 Td (property ) Tj ET Q q 0 0 0 rg BT 408.99 92.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 442.27 92.60 Td (or ) Tj ET Q q 0 0 0 rg BT 452.79 92.60 Td (market ) Tj ET Q q 0 0 0 rg BT 482.74 92.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 516.02 92.60 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.60 Td (has ) Tj ET Q q 0 0 0 rg BT 96.61 80.60 Td (not ) Tj ET Q q 0 0 0 rg BT 111.66 80.60 Td (been ) Tj ET Q q 0 0 0 rg BT 132.81 80.60 Td (identified, ) Tj ET Q q 0 0 0 rg BT 175.91 80.60 Td (but ) Tj ET Q q 0 0 0 rg BT 190.96 80.60 Td (for ) Tj ET Q q 0 0 0 rg BT 204.90 80.60 Td (which ) Tj ET Q q 0 0 0 rg BT 231.61 80.60 Td (we ) Tj ET Q q 0 0 0 rg BT 245.55 80.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 273.92 80.60 Td (to ) Tj ET Q q 0 0 0 rg BT 283.97 80.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 306.79 80.60 Td (a ) Tj ET Q q 0 0 0 rg BT 313.50 80.60 Td (loss. ) Tj ET Q q 0 0 0 rg BT 333.34 80.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 382.68 80.60 Td (, ) Tj ET Q q 0 0 0 rg BT 387.45 80.60 Td (a ) Tj ET Q q 0 0 0 rg BT 394.17 80.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 433.65 80.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 476.46 80.60 Td (is ) Tj ET Q q 0 0 0 rg BT 485.41 80.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 523.23 80.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 68.60 Td (absorb ) Tj ET Q q 0 0 0 rg BT 109.96 68.60 Td (these ) Tj ET Q q 0 0 0 rg BT 132.81 68.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 173.43 68.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 210.72 68.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 235.79 68.60 Td (losses. ) Tj ET Q q 0 0 0 rg BT 264.48 68.60 Td ( ) Tj ET Q q 0 0 0 rg BT 266.28 68.60 Td (As ) Tj ET Q q 0 0 0 rg BT 279.69 68.60 Td (of ) Tj ET Q q 0 0 0 rg BT 290.32 68.60 Td (September ) Tj ET Q q 0 0 0 rg BT 335.39 68.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 350.19 68.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 372.49 68.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.23 68.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 414.04 68.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.56 68.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 469.74 68.60 Td (did ) Tj ET Q q 0 0 0 rg BT 484.83 68.60 Td (not ) Tj ET Q q 0 0 0 rg BT 499.91 68.60 Td (identify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 56.60 Td (any ) Tj ET Q q 0 0 0 rg BT 97.94 56.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 131.53 56.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 155.14 56.60 Td (that ) Tj ET Q q 0 0 0 rg BT 172.64 56.60 Td (were ) Tj ET Q q 0 0 0 rg BT 194.56 56.60 Td (impaired. ) Tj ET Q endstream endobj 233 0 obj <>] /Rotate 0 /Contents 234 0 R>> endobj 234 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 120.37 735.60 Td (determination ) Tj ET Q q 0 0 0 rg BT 177.23 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.88 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.42 735.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 231.74 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.40 735.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 279.93 735.60 Td (allowances ) Tj ET Q q 0 0 0 rg BT 325.68 735.60 Td (is ) Tj ET Q q 0 0 0 rg BT 333.67 735.60 Td (based ) Tj ET Q q 0 0 0 rg BT 357.76 735.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 379.09 735.60 Td (our ) Tj ET Q q 0 0 0 rg BT 393.74 735.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 427.83 735.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 470.80 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 486.56 735.60 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.50 723.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 128.44 723.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 150.51 723.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 194.77 723.60 Td (with ) Tj ET Q q 0 0 0 rg BT 215.73 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 232.23 723.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 252.62 723.60 Td (portfolios. ) Tj ET Q q 0 0 0 rg BT 297.18 723.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 320.36 723.60 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 369.07 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 386.68 723.60 Td (assessments ) Tj ET Q q 0 0 0 rg BT 438.19 723.60 Td (are ) Tj ET Q q 0 0 0 rg BT 453.57 723.60 Td (based ) Tj ET Q q 0 0 0 rg BT 479.51 723.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 502.68 723.60 Td (several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 113.52 711.60 Td (including ) Tj ET Q q 0 0 0 rg BT 154.10 711.60 Td (our ) Tj ET Q q 0 0 0 rg BT 170.24 711.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 216.35 711.60 Td (for ) Tj ET Q q 0 0 0 rg BT 230.82 711.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 250.84 711.60 Td (losses, ) Tj ET Q q 0 0 0 rg BT 280.04 711.60 Td (defaults ) Tj ET Q q 0 0 0 rg BT 314.51 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.76 711.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 350.13 711.60 Td (severity) Tj ET Q q 0 0 0 rg BT 381.13 711.60 Td (, ) Tj ET Q q 0 0 0 rg BT 386.44 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.69 711.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 422.06 711.60 Td (expectations ) Tj ET Q q 0 0 0 rg BT 474.85 711.60 Td (for ) Tj ET Q q 0 0 0 rg BT 489.32 711.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 513.24 711.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 112.65 699.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 131.53 699.60 Td (characteristics. ) Tj ET Q q 0 0 0 rg BT 194.81 699.60 Td (W) Tj ET Q q 0 0 0 rg BT 203.45 699.60 Td (e ) Tj ET Q q 0 0 0 rg BT 211.76 699.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 248.95 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.27 699.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 302.81 699.60 Td (loan-to-value ) Tj ET Q q 0 0 0 rg BT 360.00 699.60 Td (\("L) Tj ET Q q 0 0 0 rg BT 372.60 699.60 Td (TV"\) ) Tj ET Q q 0 0 0 rg BT 397.22 699.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 423.31 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 441.63 699.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 462.72 699.60 Td (service ) Tj ET Q q 0 0 0 rg BT 494.91 699.60 Td (coverage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (\("DSC"\) ) Tj ET Q q 0 0 0 rg BT 117.78 687.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 142.49 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 153.32 687.60 Td (our ) Tj ET Q q 0 0 0 rg BT 169.15 687.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 192.76 687.60 Td (as ) Tj ET Q q 0 0 0 rg BT 203.59 687.60 Td (indicators ) Tj ET Q q 0 0 0 rg BT 245.53 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.36 687.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 293.85 687.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 311.35 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.18 687.60 Td (default ) Tj ET Q q 0 0 0 rg BT 352.44 687.60 Td (in ) Tj ET Q q 0 0 0 rg BT 362.72 687.60 Td (establishing ) Tj ET Q q 0 0 0 rg BT 412.99 687.60 Td (our ) Tj ET Q q 0 0 0 rg BT 428.82 687.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 468.53 687.60 Td (allowance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 662.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 139.20 662.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 182.27 662.10 Td (Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 647.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.94 647.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.23 647.60 Td (hedges ) Tj ET Q q 0 0 0 rg BT 194.39 647.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 223.99 647.60 Td (portions ) Tj ET Q q 0 0 0 rg BT 259.17 647.60 Td (of ) Tj ET Q q 0 0 0 rg BT 269.89 647.60 Td (its ) Tj ET Q q 0 0 0 rg BT 281.74 647.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 320.23 647.60 Td (to ) Tj ET Q q 0 0 0 rg BT 330.41 647.60 Td (product ) Tj ET Q q 0 0 0 rg BT 363.35 647.60 Td (related ) Tj ET Q q 0 0 0 rg BT 392.95 647.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 420.34 647.60 Td (market ) Tj ET Q q 0 0 0 rg BT 450.50 647.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 467.90 647.60 Td (by ) Tj ET Q q 0 0 0 rg BT 480.29 647.60 Td (entering ) Tj ET Q q 0 0 0 rg BT 515.45 647.60 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 635.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 124.88 635.60 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 178.18 635.60 Td (All ) Tj ET Q q 0 0 0 rg BT 194.86 635.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.09 635.60 Td (such ) Tj ET Q q 0 0 0 rg BT 229.32 635.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 273.20 635.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 323.77 635.60 Td (are ) Tj ET Q q 0 0 0 rg BT 339.87 635.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 387.64 635.60 Td (as ) Tj ET Q q 0 0 0 rg BT 399.87 635.60 Td (either ) Tj ET Q q 0 0 0 rg BT 426.53 635.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 453.76 635.60 Td (or ) Tj ET Q q 0 0 0 rg BT 465.99 635.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 507.11 635.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.78 635.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 623.60 Td (accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.88 623.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 199.22 623.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 234.98 623.60 Td (Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.09 623.60 Td ( ) Tj ET Q q 0 0 0 rg BT 264.66 623.60 Td (at ) Tj ET Q q 0 0 0 rg BT 275.44 623.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 292.88 623.60 Td (value. ) Tj ET Q q 0 0 0 rg BT 320.35 623.60 Td (The ) Tj ET Q q 0 0 0 rg BT 339.46 623.60 Td (change ) Tj ET Q q 0 0 0 rg BT 371.34 623.60 Td (in ) Tj ET Q q 0 0 0 rg BT 382.69 623.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 400.13 623.60 Td (value ) Tj ET Q q 0 0 0 rg BT 425.35 623.60 Td (is ) Tj ET Q q 0 0 0 rg BT 435.59 623.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 483.01 623.60 Td (within ) Tj ET Q q 0 0 0 rg BT 512.14 623.60 Td (Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 611.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.38 611.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 150.99 611.60 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 188.48 611.60 Td (in ) Tj ET Q q 0 0 0 rg BT 198.76 611.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.48 611.60 Td (accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.29 611.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 329.56 611.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 375.94 611.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.77 611.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 611.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 590.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.46 590.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 165.27 590.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 207.61 590.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.51 590.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 295.10 590.60 Td (and ) Tj ET Q q 0 0 0 rg BT 312.45 590.60 Td (issues ) Tj ET Q q 0 0 0 rg BT 339.26 590.60 Td (products ) Tj ET Q q 0 0 0 rg BT 376.62 590.60 Td (that ) Tj ET Q q 0 0 0 rg BT 394.53 590.60 Td (may ) Tj ET Q q 0 0 0 rg BT 414.66 590.60 Td (contain ) Tj ET Q q 0 0 0 rg BT 447.01 590.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 491.03 590.60 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 578.60 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 131.97 578.60 Td (If ) Tj ET Q q 0 0 0 rg BT 140.44 578.60 Td (it ) Tj ET Q q 0 0 0 rg BT 147.81 578.60 Td (is ) Tj ET Q q 0 0 0 rg BT 156.28 578.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 203.07 578.60 Td (that ) Tj ET Q q 0 0 0 rg BT 219.88 578.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.90 578.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 276.80 578.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 318.59 578.60 Td (possesses ) Tj ET Q q 0 0 0 rg BT 358.73 578.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 399.41 578.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 458.41 578.60 Td (that ) Tj ET Q q 0 0 0 rg BT 475.21 578.60 Td (are ) Tj ET Q q 0 0 0 rg BT 489.23 578.60 Td (not ) Tj ET Q q 0 0 0 rg BT 503.81 578.60 Td (clearly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 566.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.21 566.60 Td (closely ) Tj ET Q q 0 0 0 rg BT 129.31 566.60 Td (related ) Tj ET Q q 0 0 0 rg BT 159.28 566.60 Td (to ) Tj ET Q q 0 0 0 rg BT 169.83 566.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.82 566.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 226.47 566.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 286.43 566.60 Td (of ) Tj ET Q q 0 0 0 rg BT 297.53 566.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.52 566.60 Td (host ) Tj ET Q q 0 0 0 rg BT 331.96 566.60 Td (contract, ) Tj ET Q q 0 0 0 rg BT 369.44 566.60 Td (and ) Tj ET Q q 0 0 0 rg BT 386.65 566.60 Td (a ) Tj ET Q q 0 0 0 rg BT 393.86 566.60 Td (separate ) Tj ET Q q 0 0 0 rg BT 429.38 566.60 Td (instrument ) Tj ET Q q 0 0 0 rg BT 474.93 566.60 Td (with ) Tj ET Q q 0 0 0 rg BT 495.48 566.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.47 566.60 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 554.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 105.95 554.60 Td (would ) Tj ET Q q 0 0 0 rg BT 133.69 554.60 Td (qualify ) Tj ET Q q 0 0 0 rg BT 164.75 554.60 Td (as ) Tj ET Q q 0 0 0 rg BT 175.82 554.60 Td (a ) Tj ET Q q 0 0 0 rg BT 182.99 554.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 225.71 554.60 Td (instrument, ) Tj ET Q q 0 0 0 rg BT 273.72 554.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.67 554.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 332.50 554.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 375.21 554.60 Td (is ) Tj ET Q q 0 0 0 rg BT 384.62 554.60 Td (bifurcated ) Tj ET Q q 0 0 0 rg BT 427.89 554.60 Td (from ) Tj ET Q q 0 0 0 rg BT 450.06 554.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.01 554.60 Td (host ) Tj ET Q q 0 0 0 rg BT 484.42 554.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 519.36 554.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 542.60 Td (measurement ) Tj ET Q q 0 0 0 rg BT 136.57 542.60 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 176.72 542.60 Td (The ) Tj ET Q q 0 0 0 rg BT 194.52 542.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 237.88 542.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 280.12 542.60 Td (is ) Tj ET Q q 0 0 0 rg BT 289.05 542.60 Td (carried ) Tj ET Q q 0 0 0 rg BT 319.06 542.60 Td (at ) Tj ET Q q 0 0 0 rg BT 328.54 542.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 344.68 542.60 Td (value ) Tj ET Q q 0 0 0 rg BT 368.59 542.60 Td (with ) Tj ET Q q 0 0 0 rg BT 388.63 542.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 423.10 542.60 Td (in ) Tj ET Q q 0 0 0 rg BT 433.13 542.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 449.27 542.60 Td (value ) Tj ET Q q 0 0 0 rg BT 473.19 542.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 508.76 542.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.80 542.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 530.60 Td (accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.81 530.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 197.08 530.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 243.47 530.60 Td (of ) Tj ET Q q 0 0 0 rg BT 254.30 530.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.17 530.60 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.50 509.60 Td (Reinsurance Related Embedded Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 488.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 122.02 488.60 Td ( ) Tj ET Q q 0 0 0 rg BT 124.99 488.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 166.83 488.60 Td (has ) Tj ET Q q 0 0 0 rg BT 183.13 488.60 Td (a ) Tj ET Q q 0 0 0 rg BT 190.54 488.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 229.62 488.60 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 280.34 488.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 333.28 488.60 Td (with ) Tj ET Q q 0 0 0 rg BT 354.03 488.60 Td (FSRCI, ) Tj ET Q q 0 0 0 rg BT 387.30 488.60 Td (meaning ) Tj ET Q q 0 0 0 rg BT 424.70 488.60 Td (that ) Tj ET Q q 0 0 0 rg BT 442.67 488.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 467.86 488.60 Td (are ) Tj ET Q q 0 0 0 rg BT 483.04 488.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 521.00 488.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 476.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 476.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.63 476.60 Td (Insurance. ) Tj ET Q q 0 0 0 rg BT 146.87 476.60 Td (This ) Tj ET Q q 0 0 0 rg BT 167.75 476.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 220.83 476.60 Td (creates ) Tj ET Q q 0 0 0 rg BT 251.69 476.60 Td (an ) Tj ET Q q 0 0 0 rg BT 264.23 476.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 307.89 476.60 Td (for ) Tj ET Q q 0 0 0 rg BT 322.65 476.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 341.17 476.60 Td ( ) Tj ET Q q 0 0 0 rg BT 344.28 476.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 386.25 476.60 Td (to ) Tj ET Q q 0 0 0 rg BT 397.13 476.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 414.67 476.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 445.57 476.60 Td (at ) Tj ET Q q 0 0 0 rg BT 455.89 476.60 Td (a ) Tj ET Q q 0 0 0 rg BT 463.44 476.60 Td (later ) Tj ET Q q 0 0 0 rg BT 484.30 476.60 Td (date, ) Tj ET Q q 0 0 0 rg BT 506.56 476.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 464.60 Td (results ) Tj ET Q q 0 0 0 rg BT 110.19 464.60 Td (in ) Tj ET Q q 0 0 0 rg BT 121.05 464.60 Td (an ) Tj ET Q q 0 0 0 rg BT 133.57 464.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 177.74 464.60 Td (derivative.) Tj ET Q q 0 0 0 rg BT 222.54 464.60 Td (This ) Tj ET Q q 0 0 0 rg BT 243.40 464.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 287.57 464.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 330.63 464.60 Td (is ) Tj ET Q q 0 0 0 rg BT 340.38 464.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 386.78 464.60 Td (a ) Tj ET Q q 0 0 0 rg BT 394.30 464.60 Td (total ) Tj ET Q q 0 0 0 rg BT 415.15 464.60 Td (return ) Tj ET Q q 0 0 0 rg BT 442.11 464.60 Td (swap ) Tj ET Q q 0 0 0 rg BT 465.74 464.60 Td (with ) Tj ET Q q 0 0 0 rg BT 486.60 464.60 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 452.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 110.72 452.60 Td (that ) Tj ET Q q 0 0 0 rg BT 127.66 452.60 Td (are ) Tj ET Q q 0 0 0 rg BT 141.82 452.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 189.31 452.60 Td (to ) Tj ET Q q 0 0 0 rg BT 199.03 452.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.20 452.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 238.48 452.60 Td (and ) Tj ET Q q 0 0 0 rg BT 254.87 452.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 294.04 452.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 337.08 452.60 Td (with ) Tj ET Q q 0 0 0 rg BT 356.81 452.60 Td (this ) Tj ET Q q 0 0 0 rg BT 373.21 452.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 421.24 452.60 Td (arrangement.) Tj ET Q q 0 0 0 rg BT 476.03 452.60 Td (The ) Tj ET Q q 0 0 0 rg BT 493.53 452.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.35 452.60 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 440.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.30 440.60 Td (the ) Tj ET Q q 0 0 0 rg BT 107.48 440.60 Td (total ) Tj ET Q q 0 0 0 rg BT 128.23 440.60 Td (return ) Tj ET Q q 0 0 0 rg BT 155.07 440.60 Td (swap ) Tj ET Q q 0 0 0 rg BT 178.59 440.60 Td (is ) Tj ET Q q 0 0 0 rg BT 188.23 440.60 Td (based ) Tj ET Q q 0 0 0 rg BT 213.97 440.60 Td (on ) Tj ET Q q 0 0 0 rg BT 226.94 440.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.12 440.60 Td (change ) Tj ET Q q 0 0 0 rg BT 273.41 440.60 Td (in ) Tj ET Q q 0 0 0 rg BT 284.15 440.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 301.00 440.60 Td (value ) Tj ET Q q 0 0 0 rg BT 325.62 440.60 Td (of ) Tj ET Q q 0 0 0 rg BT 336.92 440.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.11 440.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 398.40 440.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 424.70 440.60 Td (held ) Tj ET Q q 0 0 0 rg BT 444.89 440.60 Td (in ) Tj ET Q q 0 0 0 rg BT 455.63 440.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.82 440.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 496.01 440.60 Td (withheld ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 428.60 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 123.78 428.60 Td (Investment ) Tj ET Q q 0 0 0 rg BT 173.50 428.60 Td (results ) Tj ET Q q 0 0 0 rg BT 204.89 428.60 Td (for ) Tj ET Q q 0 0 0 rg BT 221.84 428.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.34 428.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 267.96 428.60 Td (that ) Tj ET Q q 0 0 0 rg BT 288.24 428.60 Td (support ) Tj ET Q q 0 0 0 rg BT 323.52 428.60 Td (the ) Tj ET Q q 0 0 0 rg BT 341.03 428.60 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 394.07 428.60 Td (with ) Tj ET Q q 0 0 0 rg BT 417.13 428.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 444.64 428.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 484.92 428.60 Td (reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 416.60 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 136.63 416.60 Td (including ) Tj ET Q q 0 0 0 rg BT 177.56 416.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 201.83 416.60 Td (and ) Tj ET Q q 0 0 0 rg BT 219.42 416.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 246.47 416.60 Td (from ) Tj ET Q q 0 0 0 rg BT 269.07 416.60 Td (sales, ) Tj ET Q q 0 0 0 rg BT 294.17 416.60 Td (are ) Tj ET Q q 0 0 0 rg BT 309.53 416.60 Td (passed ) Tj ET Q q 0 0 0 rg BT 339.35 416.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 373.05 416.60 Td (to ) Tj ET Q q 0 0 0 rg BT 383.99 416.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.36 416.60 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 438.06 416.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 475.65 416.60 Td (to ) Tj ET Q q 0 0 0 rg BT 486.59 416.60 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 404.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 105.62 404.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.35 404.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.97 404.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 179.45 404.60 Td (arrangement.) Tj ET Q q 0 0 0 rg BT 234.24 404.60 Td (The ) Tj ET Q q 0 0 0 rg BT 252.19 404.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 300.68 404.60 Td (related ) Tj ET Q q 0 0 0 rg BT 330.28 404.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 373.78 404.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 416.16 404.60 Td (is ) Tj ET Q q 0 0 0 rg BT 425.23 404.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 460.95 404.60 Td (in ) Tj ET Q q 0 0 0 rg BT 471.13 404.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 500.73 404.60 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.60 Td (if ) Tj ET Q q 0 0 0 rg BT 89.38 392.60 Td (in ) Tj ET Q q 0 0 0 rg BT 99.44 392.60 Td (a ) Tj ET Q q 0 0 0 rg BT 106.15 392.60 Td (net ) Tj ET Q q 0 0 0 rg BT 120.64 392.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 140.13 392.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 177.13 392.60 Td (or ) Tj ET Q q 0 0 0 rg BT 187.74 392.60 Td ("Other ) Tj ET Q q 0 0 0 rg BT 216.86 392.60 Td (liabilities", ) Tj ET Q q 0 0 0 rg BT 262.93 392.60 Td (if ) Tj ET Q q 0 0 0 rg BT 271.32 392.60 Td (in ) Tj ET Q q 0 0 0 rg BT 281.37 392.60 Td (a ) Tj ET Q q 0 0 0 rg BT 288.08 392.60 Td (net ) Tj ET Q q 0 0 0 rg BT 302.57 392.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 320.41 392.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 357.41 392.60 Td (on ) Tj ET Q q 0 0 0 rg BT 369.69 392.60 Td (the ) Tj ET Q q 0 0 0 rg BT 384.18 392.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 439.22 392.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 473.70 392.60 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 502.08 392.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.80 392.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 380.60 Td (related ) Tj ET Q q 0 0 0 rg BT 110.70 380.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 134.31 380.60 Td (or ) Tj ET Q q 0 0 0 rg BT 145.14 380.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 171.53 380.60 Td (are ) Tj ET Q q 0 0 0 rg BT 186.24 380.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 222.05 380.60 Td (in ) Tj ET Q q 0 0 0 rg BT 232.33 380.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 253.71 380.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 300.09 380.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 328.14 380.60 Td (on ) Tj ET Q q 0 0 0 rg BT 340.64 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.36 380.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 410.63 380.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 457.01 380.60 Td (of ) Tj ET Q q 0 0 0 rg BT 467.84 380.60 Td (Operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 359.60 Td (Limited Partnership Investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 343.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.58 343.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 169.49 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.30 343.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.77 343.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 219.12 343.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 267.14 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 276.84 343.10 Td (included ) Tj ET Q q 0 0 0 rg BT 314.30 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.11 343.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 350.90 343.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 387.26 343.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 413.62 343.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.65 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 443.00 343.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 498.81 343.10 Td (Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 331.10 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 111.20 331.10 Td (W) Tj ET Q q 0 0 0 rg BT 119.83 331.10 Td (e ) Tj ET Q q 0 0 0 rg BT 125.99 331.10 Td (account ) Tj ET Q q 0 0 0 rg BT 158.79 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.17 331.10 Td (our ) Tj ET Q q 0 0 0 rg BT 187.21 331.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 236.70 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.19 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.12 331.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 290.16 331.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 336.86 331.10 Td (using ) Tj ET Q q 0 0 0 rg BT 360.24 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.17 331.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 400.88 331.10 Td (method ) Tj ET Q q 0 0 0 rg BT 432.59 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.08 331.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 483.77 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.70 331.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 319.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 106.70 319.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 138.23 319.10 Td (from ) Tj ET Q q 0 0 0 rg BT 159.22 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.98 319.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 202.85 319.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 249.38 319.10 Td (is ) Tj ET Q q 0 0 0 rg BT 257.60 319.10 Td (included ) Tj ET Q q 0 0 0 rg BT 293.58 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.90 319.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 318.89 319.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 364.31 319.10 Td (income ) Tj ET Q q 0 0 0 rg BT 395.29 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.62 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.38 319.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 478.23 319.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 307.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 126.14 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.73 307.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 183.37 307.10 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 233.51 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.09 307.10 Td (income ) Tj ET Q q 0 0 0 rg BT 273.79 307.10 Td (is ) Tj ET Q q 0 0 0 rg BT 281.72 307.10 Td (delayed ) Tj ET Q q 0 0 0 rg BT 314.07 307.10 Td (due ) Tj ET Q q 0 0 0 rg BT 329.77 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.80 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.28 307.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 398.52 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.11 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.59 307.10 Td (related ) Tj ET Q q 0 0 0 rg BT 450.05 307.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 486.29 307.10 Td (statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 295.10 Td (which ) Tj ET Q q 0 0 0 rg BT 108.69 295.10 Td (are ) Tj ET Q q 0 0 0 rg BT 124.15 295.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 161.84 295.10 Td (from ) Tj ET Q q 0 0 0 rg BT 184.53 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.00 295.10 Td (partnership) Tj ET Q q 0 0 0 rg BT 247.77 295.10 Td (s ) Tj ET Q q 0 0 0 rg BT 254.91 295.10 Td (general ) Tj ET Q q 0 0 0 rg BT 287.59 295.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 319.16 295.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 359.61 295.10 Td (on ) Tj ET Q q 0 0 0 rg BT 372.87 295.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.56 295.10 Td (three-month ) Tj ET Q q 0 0 0 rg BT 432.68 295.10 Td (delay) Tj ET Q q 0 0 0 rg BT 453.69 295.10 Td (. ) Tj ET Q q 0 0 0 rg BT 459.44 295.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 514.90 295.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 283.10 Td (meets ) Tj ET Q q 0 0 0 rg BT 107.43 283.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 146.63 283.10 Td (with ) Tj ET Q q 0 0 0 rg BT 167.51 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.83 283.10 Td (general ) Tj ET Q q 0 0 0 rg BT 215.35 283.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 246.77 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.65 283.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 300.74 283.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 336.05 283.10 Td (any ) Tj ET Q q 0 0 0 rg BT 353.59 283.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 379.45 283.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.89 283.10 Td (other ) Tj ET Q q 0 0 0 rg BT 414.54 283.10 Td (market ) Tj ET Q q 0 0 0 rg BT 445.40 283.10 Td (events ) Tj ET Q q 0 0 0 rg BT 474.05 283.10 Td (have ) Tj ET Q q 0 0 0 rg BT 496.03 283.10 Td (occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 271.10 Td (since ) Tj ET Q q 0 0 0 rg BT 105.08 271.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 128.05 271.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 159.90 271.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.41 271.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 244.15 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.46 271.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 285.09 271.10 Td (any ) Tj ET Q q 0 0 0 rg BT 303.06 271.10 Td (material ) Tj ET Q q 0 0 0 rg BT 339.35 271.10 Td (events ) Tj ET Q q 0 0 0 rg BT 368.43 271.10 Td (are ) Tj ET Q q 0 0 0 rg BT 384.17 271.10 Td (properly ) Tj ET Q q 0 0 0 rg BT 421.58 271.10 Td (included ) Tj ET Q q 0 0 0 rg BT 459.54 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.85 271.10 Td (current ) Tj ET Q q 0 0 0 rg BT 502.70 271.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 259.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 120.75 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.73 259.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 184.16 259.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 218.63 259.10 Td (In ) Tj ET Q q 0 0 0 rg BT 229.50 259.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 267.32 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.08 259.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 311.83 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.70 259.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 345.24 259.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 395.55 259.10 Td (related ) Tj ET Q q 0 0 0 rg BT 425.30 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.62 259.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 483.15 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.02 259.10 Td (calendar) Tj ET Q q 0 0 0 rg BT 527.68 259.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 247.10 Td (year ) Tj ET Q q 0 0 0 rg BT 101.24 247.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.25 247.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 180.60 247.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 207.52 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.89 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.13 247.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 265.50 247.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 313.51 247.10 Td (are ) Tj ET Q q 0 0 0 rg BT 328.75 247.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 366.78 247.10 Td (received ) Tj ET Q q 0 0 0 rg BT 403.67 247.10 Td (during ) Tj ET Q q 0 0 0 rg BT 432.81 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.06 247.10 Td (third ) Tj ET Q q 0 0 0 rg BT 469.98 247.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 501.33 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.69 247.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 235.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 104.69 235.10 Td (year) Tj ET Q q 0 0 0 rg BT 121.34 235.10 Td (. ) Tj ET Q q 0 0 0 rg BT 125.43 235.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 174.77 235.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.30 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.66 235.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 240.58 235.10 Td (income ) Tj ET Q q 0 0 0 rg BT 272.05 235.10 Td (from ) Tj ET Q q 0 0 0 rg BT 293.52 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.77 235.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 338.13 235.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 385.15 235.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 431.07 235.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.76 235.10 Td (any ) Tj ET Q q 0 0 0 rg BT 461.23 235.10 Td (fiscal-year ) Tj ET Q q 0 0 0 rg BT 505.46 235.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 223.10 Td (may ) Tj ET Q q 0 0 0 rg BT 100.65 223.10 Td (not ) Tj ET Q q 0 0 0 rg BT 115.87 223.10 Td (include ) Tj ET Q q 0 0 0 rg BT 147.74 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.39 223.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 201.47 223.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 231.12 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.89 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.54 223.10 Td (change ) Tj ET Q q 0 0 0 rg BT 287.29 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.50 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.16 223.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 357.92 223.10 Td (net ) Tj ET Q q 0 0 0 rg BT 372.57 223.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 398.33 223.10 Td (for ) Tj ET Q q 0 0 0 rg BT 412.43 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.08 223.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 474.50 223.10 Td (for ) Tj ET Q q 0 0 0 rg BT 488.60 223.10 Td (that ) Tj ET Q q 0 0 0 rg BT 506.03 223.10 Td (fiscal-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 211.10 Td (year ) Tj ET Q q 0 0 0 rg BT 100.71 211.10 Td (period.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 185.60 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 137.92 185.60 Td (Assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 169.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.40 169.10 Td (Company) Tj ET Q q 0 0 0 rg BT 165.06 169.10 Td (s ) Tj ET Q q 0 0 0 rg BT 171.80 169.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 214.64 169.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 240.82 169.10 Td (include ) Tj ET Q q 0 0 0 rg BT 273.10 169.10 Td (value ) Tj ET Q q 0 0 0 rg BT 297.60 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.78 169.10 Td (business ) Tj ET Q q 0 0 0 rg BT 345.52 169.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 382.79 169.10 Td (\(VOBA\), ) Tj ET Q q 0 0 0 rg BT 432.01 169.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 468.17 169.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 514.90 169.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 157.10 Td (\(DAC\) ) Tj ET Q q 0 0 0 rg BT 120.15 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.09 157.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 172.89 157.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 194.83 157.10 Td (inducements ) Tj ET Q q 0 0 0 rg BT 247.88 157.10 Td (\(DSI\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 140.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 132.78 140.60 Td ( ) Tj ET Q q 0 0 0 rg BT 135.86 140.60 Td (is ) Tj ET Q q 0 0 0 rg BT 145.60 140.60 Td (an ) Tj ET Q q 0 0 0 rg BT 158.12 140.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 201.18 140.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 223.70 140.60 Td (that ) Tj ET Q q 0 0 0 rg BT 241.77 140.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 274.27 140.60 Td (the ) Tj ET Q q 0 0 0 rg BT 289.56 140.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 330.95 140.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 347.91 140.60 Td (value ) Tj ET Q q 0 0 0 rg BT 372.64 140.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.04 140.60 Td (in-force ) Tj ET Q q 0 0 0 rg BT 418.76 140.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 457.93 140.60 Td (in ) Tj ET Q q 0 0 0 rg BT 468.78 140.60 Td (a ) Tj ET Q q 0 0 0 rg BT 476.30 140.60 Td (life ) Tj ET Q q 0 0 0 rg BT 492.70 140.60 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 128.60 Td (company ) Tj ET Q q 0 0 0 rg BT 121.02 128.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 168.26 128.60 Td (less ) Tj ET Q q 0 0 0 rg BT 186.62 128.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.20 128.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 235.56 128.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 273.90 128.60 Td (as ) Tj ET Q q 0 0 0 rg BT 285.59 128.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 327.26 128.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 362.83 128.60 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 405.91 128.60 Td (It ) Tj ET Q q 0 0 0 rg BT 415.38 128.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 459.28 128.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.85 128.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 507.10 128.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 128.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 116.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 118.93 116.60 Td (price ) Tj ET Q q 0 0 0 rg BT 141.30 116.60 Td (that ) Tj ET Q q 0 0 0 rg BT 158.69 116.60 Td (is ) Tj ET Q q 0 0 0 rg BT 167.74 116.60 Td (allocated ) Tj ET Q q 0 0 0 rg BT 206.22 116.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.39 116.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.00 116.60 Td (value ) Tj ET Q q 0 0 0 rg BT 255.04 116.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.76 116.60 Td (the ) Tj ET Q q 0 0 0 rg BT 280.37 116.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 305.53 116.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.70 116.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 346.95 116.60 Td (future ) Tj ET Q q 0 0 0 rg BT 373.22 116.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 393.38 116.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 417.99 116.60 Td (from ) Tj ET Q q 0 0 0 rg BT 439.81 116.60 Td (the ) Tj ET Q q 0 0 0 rg BT 454.42 116.60 Td (business ) Tj ET Q q 0 0 0 rg BT 490.70 116.60 Td (in ) Tj ET Q q 0 0 0 rg BT 500.87 116.60 Td (force ) Tj ET Q q 0 0 0 rg BT 523.79 116.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 104.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.79 104.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 140.24 104.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 160.96 104.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 183.64 104.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 225.75 104.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 247.32 104.60 Td (that ) Tj ET Q q 0 0 0 rg BT 263.88 104.60 Td (are ) Tj ET Q q 0 0 0 rg BT 277.66 104.60 Td (related ) Tj ET Q q 0 0 0 rg BT 306.43 104.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 338.54 104.60 Td (to ) Tj ET Q q 0 0 0 rg BT 347.89 104.60 Td (the ) Tj ET Q q 0 0 0 rg BT 361.67 104.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 404.34 104.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 421.46 104.60 Td (of ) Tj ET Q q 0 0 0 rg BT 431.35 104.60 Td (new ) Tj ET Q q 0 0 0 rg BT 449.58 104.60 Td (or ) Tj ET Q q 0 0 0 rg BT 459.48 104.60 Td (renewal ) Tj ET Q q 0 0 0 rg BT 492.70 104.60 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 120.90 92.60 Td (which ) Tj ET Q q 0 0 0 rg BT 146.64 92.60 Td (may ) Tj ET Q q 0 0 0 rg BT 165.16 92.60 Td (be ) Tj ET Q q 0 0 0 rg BT 175.90 92.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 210.51 92.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.59 92.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.11 92.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 258.84 92.60 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 309.18 92.60 Td (These ) Tj ET Q q 0 0 0 rg BT 334.36 92.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 355.67 92.60 Td (include ) Tj ET Q q 0 0 0 rg BT 386.40 92.60 Td (incremental ) Tj ET Q q 0 0 0 rg BT 434.90 92.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 458.97 92.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 480.27 92.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.90 92.60 Td (successful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 114.62 80.60 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 162.42 80.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 201.05 80.60 Td (commissions, ) Tj ET Q q 0 0 0 rg BT 257.20 80.60 Td (as ) Tj ET Q q 0 0 0 rg BT 266.94 80.60 Td (well ) Tj ET Q q 0 0 0 rg BT 285.58 80.60 Td (as ) Tj ET Q q 0 0 0 rg BT 295.33 80.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 323.95 80.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 345.37 80.60 Td (related ) Tj ET Q q 0 0 0 rg BT 373.99 80.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 405.95 80.60 Td (to ) Tj ET Q q 0 0 0 rg BT 415.15 80.60 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 470.72 80.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 497.13 80.60 Td (issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 68.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.85 68.60 Td (processing. ) Tj ET Q q 0 0 0 rg BT 145.54 68.60 Td (DSI ) Tj ET Q q 0 0 0 rg BT 164.06 68.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 207.02 68.60 Td (up ) Tj ET Q q 0 0 0 rg BT 219.43 68.60 Td (front ) Tj ET Q q 0 0 0 rg BT 241.28 68.60 Td (bonus ) Tj ET Q q 0 0 0 rg BT 267.59 68.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 296.66 68.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.51 68.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 344.81 68.60 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 379.45 68.60 Td (to ) Tj ET Q q 0 0 0 rg BT 389.64 68.60 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 442.60 68.60 Td (account ) Tj ET Q q 0 0 0 rg BT 476.11 68.60 Td (values, ) Tj ET Q q 0 0 0 rg BT 506.57 68.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 56.60 Td (are ) Tj ET Q q 0 0 0 rg BT 95.71 56.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 138.74 56.60 Td (for ) Tj ET Q q 0 0 0 rg BT 152.90 56.60 Td (similarly ) Tj ET Q q 0 0 0 rg BT 190.95 56.60 Td (to ) Tj ET Q q 0 0 0 rg BT 201.23 56.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 224.84 56.60 Td (and ) Tj ET Q q 0 0 0 rg BT 241.78 56.60 Td (are ) Tj ET Q q 0 0 0 rg BT 256.49 56.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 293.96 56.60 Td (within ) Tj ET Q q 0 0 0 rg BT 322.02 56.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.74 56.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 360.35 56.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 382.29 56.60 Td (balance. ) Tj ET Q endstream endobj 235 0 obj <>] /Rotate 0 /Contents 236 0 R>> endobj 236 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 124.25 735.60 Td (methodology ) Tj ET Q q 0 0 0 rg BT 180.72 735.60 Td (for ) Tj ET Q q 0 0 0 rg BT 196.08 735.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 248.11 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 264.02 735.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 318.26 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 330.29 735.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 355.11 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 372.98 735.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 400.76 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.46 735.60 Td (varies ) Tj ET Q q 0 0 0 rg BT 432.04 735.60 Td (by ) Tj ET Q q 0 0 0 rg BT 445.74 735.60 Td (product ) Tj ET Q q 0 0 0 rg BT 479.99 735.60 Td (type. ) Tj ET Q q 0 0 0 rg BT 503.41 735.60 Td (For ) Tj ET Q q 0 0 0 rg BT 521.00 735.60 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 123.38 723.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 163.54 723.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 208.13 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 223.86 723.60 Td (under ) Tj ET Q q 0 0 0 rg BT 250.69 723.60 Td (long-duration ) Tj ET Q q 0 0 0 rg BT 309.18 723.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 345.45 723.60 Td (deposit ) Tj ET Q q 0 0 0 rg BT 378.40 723.60 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 428.84 723.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 483.44 723.60 Td (is ) Tj ET Q q 0 0 0 rg BT 494.17 723.60 Td (based ) Tj ET Q q 0 0 0 rg BT 521.00 723.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 134.24 711.60 Td (consistent ) Tj ET Q q 0 0 0 rg BT 178.02 711.60 Td (with ) Tj ET Q q 0 0 0 rg BT 199.59 711.60 Td (those ) Tj ET Q q 0 0 0 rg BT 224.49 711.60 Td (used ) Tj ET Q q 0 0 0 rg BT 246.61 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 258.18 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 274.18 711.60 Td (development ) Tj ET Q q 0 0 0 rg BT 329.62 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 341.74 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 357.75 711.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 404.86 711.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 440.85 711.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 477.97 711.60 Td (for ) Tj ET Q q 0 0 0 rg BT 493.42 711.60 Td (emer) Tj ET Q q 0 0 0 rg BT 513.22 711.60 Td (ging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 126.66 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.45 699.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 181.34 699.60 Td (trends. ) Tj ET Q q 0 0 0 rg BT 210.63 699.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 234.10 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 250.72 699.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 278.50 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.86 699.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 333.75 699.60 Td (are ) Tj ET Q q 0 0 0 rg BT 348.31 699.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 383.98 699.60 Td (within ) Tj ET Q q 0 0 0 rg BT 411.90 699.60 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 472.01 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 482.69 699.60 Td (intangibles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.00 687.60 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 166.81 687.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 222.08 687.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 268.46 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 279.29 687.60 Td (Operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 666.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 128.45 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.05 666.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 172.83 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 175.17 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 189.16 666.60 Td (investment-type ) Tj ET Q q 0 0 0 rg BT 255.92 666.60 Td (products ) Tj ET Q q 0 0 0 rg BT 292.69 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 309.46 666.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 332.91 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 346.90 666.60 Td (IUL) Tj ET Q q 0 0 0 rg BT 363.19 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 365.52 666.60 Td (products ) Tj ET Q q 0 0 0 rg BT 402.30 666.60 Td (are ) Tj ET Q q 0 0 0 rg BT 416.84 666.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 456.37 666.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 498.68 666.60 Td (over ) Tj ET Q q 0 0 0 rg BT 518.79 666.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.60 Td (lives ) Tj ET Q q 0 0 0 rg BT 103.35 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.14 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.82 654.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 165.38 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 176.63 654.60 Td (relation ) Tj ET Q q 0 0 0 rg BT 210.63 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 221.87 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 237.55 654.60 Td (incidence ) Tj ET Q q 0 0 0 rg BT 279.32 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 291.11 654.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 332.89 654.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 357.47 654.60 Td (profits ) Tj ET Q q 0 0 0 rg BT 387.04 654.60 Td (\(EGPs\) ) Tj ET Q q 0 0 0 rg BT 428.82 654.60 Td (from ) Tj ET Q q 0 0 0 rg BT 451.72 654.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 499.07 654.60 Td (income, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 642.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 120.39 642.60 Td (char) Tj ET Q q 0 0 0 rg BT 137.42 642.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 152.38 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 168.46 642.60 Td (other ) Tj ET Q q 0 0 0 rg BT 190.64 642.60 Td (product ) Tj ET Q q 0 0 0 rg BT 222.82 642.60 Td (fees, ) Tj ET Q q 0 0 0 rg BT 243.05 642.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 269.68 642.60 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 305.47 642.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 357.64 642.60 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 397.87 642.60 Td (mortality ) Tj ET Q q 0 0 0 rg BT 436.17 642.60 Td (net ) Tj ET Q q 0 0 0 rg BT 450.02 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 459.98 642.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 507.70 642.60 Td (ceded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.12 630.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 133.00 630.60 Td (mar) Tj ET Q q 0 0 0 rg BT 148.37 630.60 Td (gins, ) Tj ET Q q 0 0 0 rg BT 170.21 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.33 630.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 233.87 630.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 257.65 630.60 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 290.88 630.60 Td (on ) Tj ET Q q 0 0 0 rg BT 303.56 630.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 354.01 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.13 630.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 406.01 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 416.47 630.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 433.02 630.60 Td (value ) Tj ET Q q 0 0 0 rg BT 457.35 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.36 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 483.25 630.60 Td (coinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 124.59 618.60 Td (derivative. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 597.60 Td (Changes ) Tj ET Q q 0 0 0 rg BT 141.69 597.60 Td (in ) Tj ET Q q 0 0 0 rg BT 151.72 597.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 203.42 597.60 Td (can ) Tj ET Q q 0 0 0 rg BT 219.55 597.60 Td (have ) Tj ET Q q 0 0 0 rg BT 240.68 597.60 Td (a ) Tj ET Q q 0 0 0 rg BT 247.37 597.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 291.84 597.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 321.30 597.60 Td (on ) Tj ET Q q 0 0 0 rg BT 333.55 597.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 356.92 597.60 Td (and ) Tj ET Q q 0 0 0 rg BT 373.45 597.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 401.23 597.60 Td ( ) Tj ET Q q 0 0 0 rg BT 403.48 597.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 440.16 597.60 Td (and ) Tj ET Q q 0 0 0 rg BT 456.85 597.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 509.64 597.60 Td (rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 585.60 Td (Due ) Tj ET Q q 0 0 0 rg BT 99.98 585.60 Td (to ) Tj ET Q q 0 0 0 rg BT 110.08 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.61 585.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 156.91 585.60 Td (size ) Tj ET Q q 0 0 0 rg BT 174.78 585.60 Td (and ) Tj ET Q q 0 0 0 rg BT 191.54 585.60 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 234.97 585.60 Td (to ) Tj ET Q q 0 0 0 rg BT 245.07 585.60 Td (minor ) Tj ET Q q 0 0 0 rg BT 271.27 585.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 305.80 585.60 Td (in ) Tj ET Q q 0 0 0 rg BT 315.90 585.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 361.54 585.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 413.31 585.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.96 585.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 447.39 585.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.98 585.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 491.77 585.60 Td ( ) Tj ET Q q 0 0 0 rg BT 494.08 585.60 Td (balances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 573.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.31 573.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 136.28 573.60 Td (performs ) Tj ET Q q 0 0 0 rg BT 174.47 573.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 212.65 573.60 Td (and ) Tj ET Q q 0 0 0 rg BT 229.18 573.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 257.92 573.60 Td (analyses ) Tj ET Q q 0 0 0 rg BT 293.89 573.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.31 573.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 327.51 573.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.89 573.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 371.67 573.60 Td ( ) Tj ET Q q 0 0 0 rg BT 373.76 573.60 Td (for ) Tj ET Q q 0 0 0 rg BT 387.51 573.60 Td (the ) Tj ET Q q 0 0 0 rg BT 401.81 573.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 433.90 573.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.42 573.60 Td (IUL) Tj ET Q q 0 0 0 rg BT 466.71 573.60 Td ( ) Tj ET Q q 0 0 0 rg BT 468.80 573.60 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 515.46 573.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 561.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 104.17 561.60 Td (and ) Tj ET Q q 0 0 0 rg BT 120.52 561.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 148.30 561.60 Td ( ) Tj ET Q q 0 0 0 rg BT 150.36 561.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 186.84 561.60 Td (are ) Tj ET Q q 0 0 0 rg BT 201.11 561.60 Td (also ) Tj ET Q q 0 0 0 rg BT 219.27 561.60 Td (periodically ) Tj ET Q q 0 0 0 rg BT 269.09 561.60 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 309.46 561.60 Td (for ) Tj ET Q q 0 0 0 rg BT 323.18 561.60 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 380.76 561.60 Td (to ) Tj ET Q q 0 0 0 rg BT 390.60 561.60 Td (ensure ) Tj ET Q q 0 0 0 rg BT 418.76 561.60 Td (that ) Tj ET Q q 0 0 0 rg BT 435.81 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.08 561.60 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 502.12 561.60 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 549.60 Td (does ) Tj ET Q q 0 0 0 rg BT 102.76 549.60 Td (not ) Tj ET Q q 0 0 0 rg BT 118.98 549.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 150.16 549.60 Td (the ) Tj ET Q q 0 0 0 rg BT 165.82 549.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 204.78 549.60 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 254.85 549.60 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 293.91 549.60 Td (At ) Tj ET Q q 0 0 0 rg BT 307.34 549.60 Td (each ) Tj ET Q q 0 0 0 rg BT 329.09 549.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 374.18 549.60 Td (date, ) Tj ET Q q 0 0 0 rg BT 396.77 549.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 424.07 549.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 464.72 549.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 489.27 549.60 Td (profits ) Tj ET Q q 0 0 0 rg BT 518.81 549.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 537.60 Td (reflected, ) Tj ET Q q 0 0 0 rg BT 121.05 537.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.06 537.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 178.96 537.60 Td (future ) Tj ET Q q 0 0 0 rg BT 205.42 537.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 229.11 537.60 Td (profits ) Tj ET Q q 0 0 0 rg BT 257.79 537.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.81 537.60 Td (related ) Tj ET Q q 0 0 0 rg BT 304.59 537.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 356.61 537.60 Td (are ) Tj ET Q q 0 0 0 rg BT 371.40 537.60 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 412.28 537.60 Td (for ) Tj ET Q q 0 0 0 rg BT 426.52 537.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 468.53 537.60 Td (reasonableness. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 525.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 102.00 525.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 149.66 525.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.22 525.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 203.32 525.60 Td (future ) Tj ET Q q 0 0 0 rg BT 230.98 525.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 255.87 525.60 Td (profits ) Tj ET Q q 0 0 0 rg BT 285.76 525.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 321.74 525.60 Td (that ) Tj ET Q q 0 0 0 rg BT 340.52 525.60 Td (the ) Tj ET Q q 0 0 0 rg BT 356.51 525.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 410.83 525.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 429.59 525.60 Td (be ) Tj ET Q q 0 0 0 rg BT 442.81 525.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 475.47 525.60 Td (\(unlocking\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 513.60 Td (retroactively ) Tj ET Q q 0 0 0 rg BT 133.89 513.60 Td (to ) Tj ET Q q 0 0 0 rg BT 144.04 513.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.62 513.60 Td (date ) Tj ET Q q 0 0 0 rg BT 177.64 513.60 Td (of ) Tj ET Q q 0 0 0 rg BT 188.33 513.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.91 513.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 230.27 513.60 Td (or ) Tj ET Q q 0 0 0 rg BT 240.97 513.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 275.53 513.60 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 314.11 513.60 Td (The ) Tj ET Q q 0 0 0 rg BT 332.02 513.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 378.81 513.60 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 421.17 513.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 467.42 513.60 Td (is ) Tj ET Q q 0 0 0 rg BT 476.45 513.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 522.68 513.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 501.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.94 501.60 Td (component ) Tj ET Q q 0 0 0 rg BT 134.87 501.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.70 501.60 Td (current ) Tj ET Q q 0 0 0 rg BT 176.52 501.60 Td (period ) Tj ET Q q 0 0 0 rg BT 204.56 501.60 Td (amortization. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 480.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.15 480.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 159.08 480.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 195.57 480.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.50 480.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 230.22 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.08 480.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 274.86 480.60 Td ( ) Tj ET Q q 0 0 0 rg BT 277.47 480.60 Td (are ) Tj ET Q q 0 0 0 rg BT 292.28 480.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 328.22 480.60 Td (for ) Tj ET Q q 0 0 0 rg BT 342.48 480.60 Td (the ) Tj ET Q q 0 0 0 rg BT 357.31 480.60 Td (ef) Tj ET Q q 0 0 0 rg BT 364.89 480.60 Td (fects ) Tj ET Q q 0 0 0 rg BT 386.38 480.60 Td (of ) Tj ET Q q 0 0 0 rg BT 397.31 480.60 Td (realized ) Tj ET Q q 0 0 0 rg BT 431.56 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 448.61 480.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 492.85 480.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 516.57 480.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 468.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 106.48 468.60 Td (on ) Tj ET Q q 0 0 0 rg BT 118.07 468.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 140.20 468.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 175.67 468.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 215.03 468.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 254.38 468.60 Td (as ) Tj ET Q q 0 0 0 rg BT 264.30 468.60 Td (available-for) Tj ET Q q 0 0 0 rg BT 315.18 468.60 Td (-sale ) Tj ET Q q 0 0 0 rg BT 335.64 468.60 Td (and ) Tj ET Q q 0 0 0 rg BT 351.67 468.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 380.46 468.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 425.92 468.60 Td (and ) Tj ET Q q 0 0 0 rg BT 441.95 468.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 484.63 468.60 Td (derivatives. ) Tj ET Q q 0 0 0 rg BT 533.50 468.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 456.60 Td (For ) Tj ET Q q 0 0 0 rg BT 97.25 456.60 Td (investment-type ) Tj ET Q q 0 0 0 rg BT 164.04 456.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 203.34 456.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.92 456.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 241.39 456.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.02 456.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 285.81 456.60 Td ( ) Tj ET Q q 0 0 0 rg BT 288.17 456.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 313.86 456.60 Td (are ) Tj ET Q q 0 0 0 rg BT 328.42 456.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 364.11 456.60 Td (for ) Tj ET Q q 0 0 0 rg BT 378.13 456.60 Td (the ) Tj ET Q q 0 0 0 rg BT 392.71 456.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 422.28 456.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.97 456.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 476.97 456.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 500.44 456.60 Td (\(losses\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.60 Td (on ) Tj ET Q q 0 0 0 rg BT 92.71 444.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 142.19 444.60 Td (as ) Tj ET Q q 0 0 0 rg BT 152.23 444.60 Td (if ) Tj ET Q q 0 0 0 rg BT 160.04 444.60 Td (these ) Tj ET Q q 0 0 0 rg BT 182.30 444.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 205.12 444.60 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 237.38 444.60 Td (had ) Tj ET Q q 0 0 0 rg BT 253.52 444.60 Td (been ) Tj ET Q q 0 0 0 rg BT 274.11 444.60 Td (realized, ) Tj ET Q q 0 0 0 rg BT 309.96 444.60 Td (with ) Tj ET Q q 0 0 0 rg BT 329.44 444.60 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 388.36 444.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 416.72 444.60 Td (or ) Tj ET Q q 0 0 0 rg BT 426.76 444.60 Td (char) Tj ET Q q 0 0 0 rg BT 443.78 444.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 458.82 444.60 Td (included ) Tj ET Q q 0 0 0 rg BT 494.96 444.60 Td (in ) Tj ET Q q 0 0 0 rg BT 504.07 444.60 Td (AOCI. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 423.60 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 161.67 423.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 197.23 423.60 Td (of ) Tj ET Q q 0 0 0 rg BT 208.92 423.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 233.38 423.60 Td (and ) Tj ET Q q 0 0 0 rg BT 250.93 423.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 278.72 423.60 Td ( ) Tj ET Q q 0 0 0 rg BT 282.07 423.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 314.85 423.60 Td (an ) Tj ET Q q 0 0 0 rg BT 327.64 423.60 Td (assumption ) Tj ET Q q 0 0 0 rg BT 376.55 423.60 Td (for ) Tj ET Q q 0 0 0 rg BT 391.56 423.60 Td (an ) Tj ET Q q 0 0 0 rg BT 404.36 423.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 443.24 423.60 Td (level ) Tj ET Q q 0 0 0 rg BT 466.03 423.60 Td (of ) Tj ET Q q 0 0 0 rg BT 477.71 423.60 Td (credit-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 411.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.53 411.60 Td (losses. ) Tj ET Q q 0 0 0 rg BT 154.45 411.60 Td (When ) Tj ET Q q 0 0 0 rg BT 179.97 411.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 205.49 411.60 Td (credit-related ) Tj ET Q q 0 0 0 rg BT 260.43 411.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 305.96 411.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 331.50 411.60 Td (are ) Tj ET Q q 0 0 0 rg BT 345.36 411.60 Td (realized, ) Tj ET Q q 0 0 0 rg BT 381.14 411.60 Td (the ) Tj ET Q q 0 0 0 rg BT 395.01 411.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 435.54 411.60 Td (performs ) Tj ET Q q 0 0 0 rg BT 473.29 411.60 Td (a ) Tj ET Q q 0 0 0 rg BT 479.37 411.60 Td (retrospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 399.60 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 124.49 399.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.31 399.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 160.91 399.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.59 399.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 206.37 399.60 Td ( ) Tj ET Q q 0 0 0 rg BT 209.86 399.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 263.89 399.60 Td (as ) Tj ET Q q 0 0 0 rg BT 275.71 399.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 303.07 399.60 Td (mar) Tj ET Q q 0 0 0 rg BT 318.44 399.60 Td (gins ) Tj ET Q q 0 0 0 rg BT 338.60 399.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 359.85 399.60 Td (from ) Tj ET Q q 0 0 0 rg BT 382.78 399.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 421.81 399.60 Td (mar) Tj ET Q q 0 0 0 rg BT 437.17 399.60 Td (gins. ) Tj ET Q q 0 0 0 rg BT 459.58 399.60 Td (This ) Tj ET Q q 0 0 0 rg BT 480.85 399.60 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 524.33 399.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 387.60 Td (reflected ) Tj ET Q q 0 0 0 rg BT 118.47 387.60 Td (in ) Tj ET Q q 0 0 0 rg BT 128.75 387.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.47 387.60 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 204.28 387.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 259.55 387.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 305.93 387.60 Td (of ) Tj ET Q q 0 0 0 rg BT 316.76 387.60 Td (Operations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 362.10 Td (Reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 345.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.30 345.60 Td (Company) Tj ET Q q 0 0 0 rg BT 163.97 345.60 Td (s ) Tj ET Q q 0 0 0 rg BT 169.61 345.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 209.68 345.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 258.65 345.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 280.39 345.60 Td (into ) Tj ET Q q 0 0 0 rg BT 297.70 345.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 345.54 345.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 392.83 345.60 Td (with ) Tj ET Q q 0 0 0 rg BT 412.36 345.60 Td (other ) Tj ET Q q 0 0 0 rg BT 434.66 345.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 479.18 345.60 Td (in ) Tj ET Q q 0 0 0 rg BT 488.71 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 502.69 345.60 Td (normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 333.60 Td (course ) Tj ET Q q 0 0 0 rg BT 109.36 333.60 Td (of ) Tj ET Q q 0 0 0 rg BT 119.95 333.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 158.44 333.60 Td (The ) Tj ET Q q 0 0 0 rg BT 176.25 333.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 204.34 333.60 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 246.32 333.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 288.58 333.60 Td (and ) Tj ET Q q 0 0 0 rg BT 305.28 333.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 339.20 333.60 Td (of ) Tj ET Q q 0 0 0 rg BT 349.79 333.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 379.26 333.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 427.60 333.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 465.96 333.60 Td (are ) Tj ET Q q 0 0 0 rg BT 480.43 333.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 521.00 333.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 321.60 Td (a ) Tj ET Q q 0 0 0 rg BT 89.91 321.60 Td (net ) Tj ET Q q 0 0 0 rg BT 106.60 321.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 131.08 321.60 Td (in ) Tj ET Q q 0 0 0 rg BT 143.33 321.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.02 321.60 Td (accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.80 321.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 280.05 321.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 316.73 321.60 Td (Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.83 321.60 Td ( ) Tj ET Q q 0 0 0 rg BT 347.31 321.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.22 321.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 423.47 321.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 471.82 321.60 Td (of ) Tj ET Q q 0 0 0 rg BT 484.63 321.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 321.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 309.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 128.66 309.60 Td (, ) Tj ET Q q 0 0 0 rg BT 132.95 309.60 Td (when ) Tj ET Q q 0 0 0 rg BT 156.40 309.60 Td (there ) Tj ET Q q 0 0 0 rg BT 178.18 309.60 Td (is ) Tj ET Q q 0 0 0 rg BT 186.63 309.60 Td (a ) Tj ET Q q 0 0 0 rg BT 192.86 309.60 Td (right ) Tj ET Q q 0 0 0 rg BT 213.54 309.60 Td (of ) Tj ET Q q 0 0 0 rg BT 223.66 309.60 Td (of) Tj ET Q q 0 0 0 rg BT 231.81 309.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 248.04 309.60 Td (explicit ) Tj ET Q q 0 0 0 rg BT 279.82 309.60 Td (in ) Tj ET Q q 0 0 0 rg BT 289.38 309.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.39 309.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 351.26 309.60 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 400.69 309.60 Td (All ) Tj ET Q q 0 0 0 rg BT 415.26 309.60 Td (other ) Tj ET Q q 0 0 0 rg BT 437.59 309.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 485.47 309.60 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 297.60 Td (are ) Tj ET Q q 0 0 0 rg BT 95.73 297.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 131.57 297.60 Td (on ) Tj ET Q q 0 0 0 rg BT 144.10 297.60 Td (a ) Tj ET Q q 0 0 0 rg BT 151.06 297.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 174.70 297.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 197.22 297.60 Td (in ) Tj ET Q q 0 0 0 rg BT 207.52 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.26 297.60 Td (Company) Tj ET Q q 0 0 0 rg BT 263.93 297.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.35 297.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 325.64 297.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 360.37 297.60 Td (Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.48 297.60 Td ( ) Tj ET Q q 0 0 0 rg BT 389.00 297.60 Td (as ) Tj ET Q q 0 0 0 rg BT 399.86 297.60 Td (an ) Tj ET Q q 0 0 0 rg BT 411.82 297.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 433.78 297.60 Td (for ) Tj ET Q q 0 0 0 rg BT 447.97 297.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 484.38 297.60 Td (recoverable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 285.60 Td (from ) Tj ET Q q 0 0 0 rg BT 102.71 285.60 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 144.42 285.60 Td (or ) Tj ET Q q 0 0 0 rg BT 155.02 285.60 Td (as ) Tj ET Q q 0 0 0 rg BT 165.63 285.60 Td (a ) Tj ET Q q 0 0 0 rg BT 172.34 285.60 Td (component ) Tj ET Q q 0 0 0 rg BT 219.05 285.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.66 285.60 Td (other ) Tj ET Q q 0 0 0 rg BT 252.48 285.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 291.97 285.60 Td (for ) Tj ET Q q 0 0 0 rg BT 305.91 285.60 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 344.57 285.60 Td (such ) Tj ET Q q 0 0 0 rg BT 365.17 285.60 Td (as ) Tj ET Q q 0 0 0 rg BT 375.78 285.60 Td (premiums, ) Tj ET Q q 0 0 0 rg BT 420.55 285.60 Td (owed ) Tj ET Q q 0 0 0 rg BT 444.49 285.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.54 285.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.03 285.60 Td (reinsurers, ) Tj ET Q q 0 0 0 rg BT 513.24 285.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.80 273.60 Td (exception ) Tj ET Q q 0 0 0 rg BT 139.25 273.60 Td (of ) Tj ET Q q 0 0 0 rg BT 151.16 273.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 188.63 273.60 Td (for ) Tj ET Q q 0 0 0 rg BT 203.87 273.60 Td (which ) Tj ET Q q 0 0 0 rg BT 231.89 273.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.69 273.60 Td (right ) Tj ET Q q 0 0 0 rg BT 270.16 273.60 Td (of ) Tj ET Q q 0 0 0 rg BT 282.07 273.60 Td (of) Tj ET Q q 0 0 0 rg BT 290.22 273.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 308.24 273.60 Td (also ) Tj ET Q q 0 0 0 rg BT 327.93 273.60 Td (exists. ) Tj ET Q q 0 0 0 rg BT 356.79 273.60 Td (Premiums ) Tj ET Q q 0 0 0 rg BT 400.93 273.60 Td (and ) Tj ET Q q 0 0 0 rg BT 418.95 273.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 454.19 273.60 Td (are ) Tj ET Q q 0 0 0 rg BT 469.97 273.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 506.87 273.60 Td (net ) Tj ET Q q 0 0 0 rg BT 522.67 273.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 121.82 261.60 Td (ceded. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.50 240.60 Td (Fr) Tj ET Q q 0 0 0 rg BT 104.13 240.60 Td (ont Str) Tj ET Q q 0 0 0 rg BT 130.71 240.60 Td (eet Re \(Cayman\) Ltd \(FSRCI\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 221.60 Td (Ef) Tj ET Q q 0 0 0 rg BT 112.26 221.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 140.76 221.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 198.14 221.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 221.93 221.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 240.45 221.60 Td ( ) Tj ET Q q 0 0 0 rg BT 241.75 221.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 281.91 221.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 312.63 221.60 Td (into ) Tj ET Q q 0 0 0 rg BT 329.49 221.60 Td (a ) Tj ET Q q 0 0 0 rg BT 335.22 221.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 382.60 221.60 Td (treaty ) Tj ET Q q 0 0 0 rg BT 406.66 221.60 Td (with ) Tj ET Q q 0 0 0 rg BT 425.74 221.60 Td (FSRCI, ) Tj ET Q q 0 0 0 rg BT 457.33 221.60 Td (an ) Tj ET Q q 0 0 0 rg BT 468.06 221.60 Td (indirect ) Tj ET Q q 0 0 0 rg BT 499.90 221.60 Td (wholly-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 209.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 109.69 209.60 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 152.82 209.60 Td (of ) Tj ET Q q 0 0 0 rg BT 163.18 209.60 Td (HRG, ) Tj ET Q q 0 0 0 rg BT 188.82 209.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 206.79 209.60 Td () Tj ET Q q 0 0 0 rg BT 209.57 209.60 Td (s ) Tj ET Q q 0 0 0 rg BT 215.49 209.60 Td (parent, ) Tj ET Q q 0 0 0 rg BT 245.00 209.60 Td (whereby ) Tj ET Q q 0 0 0 rg BT 281.45 209.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 299.97 209.60 Td ( ) Tj ET Q q 0 0 0 rg BT 302.00 209.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 342.89 209.60 Td (ceded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.24 209.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.57 209.60 Td ( ) Tj ET Q q 0 0 0 rg BT 388.59 209.60 Td (of ) Tj ET Q q 0 0 0 rg BT 398.95 209.60 Td (its ) Tj ET Q q 0 0 0 rg BT 410.42 209.60 Td (June ) Tj ET Q q 0 0 0 rg BT 430.78 209.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 445.31 209.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 467.33 209.60 Td (in-force ) Tj ET Q q 0 0 0 rg BT 501.00 209.60 Td (annuity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 197.60 Td (block ) Tj ET Q q 0 0 0 rg BT 106.47 197.60 Td (business ) Tj ET Q q 0 0 0 rg BT 143.61 197.60 Td (not ) Tj ET Q q 0 0 0 rg BT 159.63 197.60 Td (already ) Tj ET Q q 0 0 0 rg BT 192.30 197.60 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 232.76 197.60 Td (on ) Tj ET Q q 0 0 0 rg BT 246.01 197.60 Td (a ) Tj ET Q q 0 0 0 rg BT 253.70 197.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 279.17 197.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 317.41 197.60 Td (basis. ) Tj ET Q q 0 0 0 rg BT 343.16 197.60 Td (Ef) Tj ET Q q 0 0 0 rg BT 352.42 197.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 382.87 197.60 Td (September ) Tj ET Q q 0 0 0 rg BT 428.88 197.60 Td (17, ) Tj ET Q q 0 0 0 rg BT 444.63 197.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 470.38 197.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 488.90 197.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.15 197.60 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 185.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 112.97 185.60 Td (into ) Tj ET Q q 0 0 0 rg BT 131.07 185.60 Td (a ) Tj ET Q q 0 0 0 rg BT 138.06 185.60 Td (second ) Tj ET Q q 0 0 0 rg BT 168.37 185.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 217.00 185.60 Td (treaty ) Tj ET Q q 0 0 0 rg BT 242.31 185.60 Td (with ) Tj ET Q q 0 0 0 rg BT 262.64 185.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 292.98 185.60 Td (whereby ) Tj ET Q q 0 0 0 rg BT 329.95 185.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 348.47 185.60 Td ( ) Tj ET Q q 0 0 0 rg BT 351.02 185.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 392.43 185.60 Td (ceded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.29 185.60 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.63 185.60 Td ( ) Tj ET Q q 0 0 0 rg BT 439.17 185.60 Td (of ) Tj ET Q q 0 0 0 rg BT 450.05 185.60 Td (any ) Tj ET Q q 0 0 0 rg BT 467.03 185.60 Td (new ) Tj ET Q q 0 0 0 rg BT 486.24 185.60 Td (business ) Tj ET Q q 0 0 0 rg BT 522.68 185.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 173.60 Td (its ) Tj ET Q q 0 0 0 rg BT 92.98 173.60 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 137.16 173.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 183.56 173.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 216.08 173.60 Td (block ) Tj ET Q q 0 0 0 rg BT 240.83 173.60 Td (of ) Tj ET Q q 0 0 0 rg BT 251.69 173.60 Td (business ) Tj ET Q q 0 0 0 rg BT 288.12 173.60 Td (\("MYGA"\) ) Tj ET Q q 0 0 0 rg BT 336.03 173.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 363.56 173.60 Td (ef) Tj ET Q q 0 0 0 rg BT 371.15 173.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 400.88 173.60 Td (September ) Tj ET Q q 0 0 0 rg BT 446.18 173.60 Td (17, ) Tj ET Q q 0 0 0 rg BT 461.21 173.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 483.74 173.60 Td (and ) Tj ET Q q 0 0 0 rg BT 500.71 173.60 Td (later ) Tj ET Q q 0 0 0 rg BT 521.01 173.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 161.60 Td (a ) Tj ET Q q 0 0 0 rg BT 88.69 161.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 114.16 161.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 152.41 161.60 Td (basis. ) Tj ET Q q 0 0 0 rg BT 178.16 161.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 206.41 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 221.87 161.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 247.34 161.60 Td (of ) Tj ET Q q 0 0 0 rg BT 258.92 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 274.39 161.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 321.79 161.60 Td (no ) Tj ET Q q 0 0 0 rg BT 335.04 161.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 361.62 161.60 Td (ceding ) Tj ET Q q 0 0 0 rg BT 391.53 161.60 Td (commission ) Tj ET Q q 0 0 0 rg BT 443.11 161.60 Td (was ) Tj ET Q q 0 0 0 rg BT 461.92 161.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 482.39 161.60 Td (as ) Tj ET Q q 0 0 0 rg BT 493.97 161.60 Td (all ) Tj ET Q q 0 0 0 rg BT 507.22 161.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 161.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 149.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 125.73 149.60 Td (business ) Tj ET Q q 0 0 0 rg BT 161.02 149.60 Td (is ) Tj ET Q q 0 0 0 rg BT 169.09 149.60 Td (new ) Tj ET Q q 0 0 0 rg BT 187.15 149.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 224.84 149.60 Td (The ) Tj ET Q q 0 0 0 rg BT 241.79 149.60 Td (September ) Tj ET Q q 0 0 0 rg BT 285.95 149.60 Td (17, ) Tj ET Q q 0 0 0 rg BT 299.85 149.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 321.25 149.60 Td (treaty ) Tj ET Q q 0 0 0 rg BT 345.42 149.60 Td (was ) Tj ET Q q 0 0 0 rg BT 362.37 149.60 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 415.98 149.60 Td (terminated ) Tj ET Q q 0 0 0 rg BT 460.14 149.60 Td (as ) Tj ET Q q 0 0 0 rg BT 469.87 149.60 Td (to ) Tj ET Q q 0 0 0 rg BT 479.05 149.60 Td (new ) Tj ET Q q 0 0 0 rg BT 497.11 149.60 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 137.60 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 137.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 118.38 137.60 Td (April ) Tj ET Q q 0 0 0 rg BT 142.81 137.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 158.63 137.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 184.45 137.60 Td (but ) Tj ET Q q 0 0 0 rg BT 200.55 137.60 Td (will ) Tj ET Q q 0 0 0 rg BT 219.42 137.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 250.51 137.60 Td (in ) Tj ET Q q 0 0 0 rg BT 261.60 137.60 Td (ef) Tj ET Q q 0 0 0 rg BT 269.19 137.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 287.50 137.60 Td (for ) Tj ET Q q 0 0 0 rg BT 302.48 137.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 336.90 137.60 Td (ceded ) Tj ET Q q 0 0 0 rg BT 363.54 137.60 Td (to ) Tj ET Q q 0 0 0 rg BT 374.64 137.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 405.75 137.60 Td (with ) Tj ET Q q 0 0 0 rg BT 426.85 137.60 Td (an ) Tj ET Q q 0 0 0 rg BT 439.61 137.60 Td (ef) Tj ET Q q 0 0 0 rg BT 447.20 137.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 477.72 137.60 Td (date ) Tj ET Q q 0 0 0 rg BT 497.69 137.60 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 125.60 Td (September ) Tj ET Q q 0 0 0 rg BT 126.55 125.60 Td (17, ) Tj ET Q q 0 0 0 rg BT 141.84 125.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 164.64 125.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.25 125.60 Td (April ) Tj ET Q q 0 0 0 rg BT 205.15 125.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 220.44 125.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 245.11 125.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 294.45 125.60 Td (, ) Tj ET Q q 0 0 0 rg BT 299.74 125.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 333.63 125.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 361.42 125.60 Td (with ) Tj ET Q q 0 0 0 rg BT 381.99 125.60 Td (an ) Tj ET Q q 0 0 0 rg BT 394.22 125.60 Td (ef) Tj ET Q q 0 0 0 rg BT 401.81 125.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 431.80 125.60 Td (date ) Tj ET Q q 0 0 0 rg BT 451.25 125.60 Td (of ) Tj ET Q q 0 0 0 rg BT 462.37 125.60 Td (May ) Tj ET Q q 0 0 0 rg BT 483.49 125.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 493.78 125.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 516.57 125.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 113.60 Td (later ) Tj ET Q q 0 0 0 rg BT 101.26 113.60 Td (will ) Tj ET Q q 0 0 0 rg BT 119.32 113.60 Td (not ) Tj ET Q q 0 0 0 rg BT 134.60 113.60 Td (be ) Tj ET Q q 0 0 0 rg BT 146.54 113.60 Td (ceded ) Tj ET Q q 0 0 0 rg BT 172.35 113.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.63 113.60 Td (FSRCI.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 89.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 126.61 89.60 Td (T) Tj ET Q q 0 0 0 rg BT 131.80 89.60 Td (axes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 73.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 121.52 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.09 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.09 73.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 170.86 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.75 73.10 Td (its ) Tj ET Q q 0 0 0 rg BT 193.77 73.10 Td (non-life ) Tj ET Q q 0 0 0 rg BT 227.99 73.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 268.87 73.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 318.65 73.10 Td (are ) Tj ET Q q 0 0 0 rg BT 333.43 73.10 Td (included ) Tj ET Q q 0 0 0 rg BT 370.43 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.77 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.55 73.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 448.66 73.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 469.01 73.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 501.56 73.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 61.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.35 61.10 Td (return ) Tj ET Q q 0 0 0 rg BT 121.37 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.83 61.10 Td (HRG. ) Tj ET Q q 0 0 0 rg BT 157.43 61.10 Td (The ) Tj ET Q q 0 0 0 rg BT 175.11 61.10 Td (Company) Tj ET Q q 0 0 0 rg BT 216.78 61.10 Td (s ) Tj ET Q q 0 0 0 rg BT 222.80 61.10 Td (life ) Tj ET Q q 0 0 0 rg BT 238.27 61.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 278.72 61.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 328.07 61.10 Td (file ) Tj ET Q q 0 0 0 rg BT 343.53 61.10 Td (a ) Tj ET Q q 0 0 0 rg BT 350.11 61.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 402.78 61.10 Td (life ) Tj ET Q q 0 0 0 rg BT 418.25 61.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 458.70 61.10 Td (income ) Tj ET Q q 0 0 0 rg BT 490.27 61.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 504.62 61.10 Td (return. ) Tj ET Q endstream endobj 237 0 obj <>] /Rotate 0 /Contents 238 0 R>> endobj 238 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 112.39 735.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 134.33 735.60 Td (are ) Tj ET Q q 0 0 0 rg BT 147.94 735.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 189.87 735.60 Td (for ) Tj ET Q q 0 0 0 rg BT 202.93 735.60 Td (under ) Tj ET Q q 0 0 0 rg BT 227.10 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.72 735.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 261.56 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 277.40 735.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 309.91 735.60 Td (method. ) Tj ET Q q 0 0 0 rg BT 343.80 735.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 380.73 735.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 394.35 735.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 419.08 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 434.92 735.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 473.53 735.60 Td (are ) Tj ET Q q 0 0 0 rg BT 487.14 735.60 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.74 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.04 723.60 Td (future ) Tj ET Q q 0 0 0 rg BT 138.00 723.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 153.30 723.60 Td (consequences ) Tj ET Q q 0 0 0 rg BT 211.36 723.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 259.98 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 270.84 723.60 Td (dif) Tj ET Q q 0 0 0 rg BT 281.77 723.60 Td (ferences ) Tj ET Q q 0 0 0 rg BT 318.16 723.60 Td (between ) Tj ET Q q 0 0 0 rg BT 354.55 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.85 723.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 407.92 723.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 449.32 723.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 485.72 723.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 522.69 723.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 114.32 711.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 139.31 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.41 711.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 194.29 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.38 711.60 Td (their ) Tj ET Q q 0 0 0 rg BT 230.37 711.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 272.56 711.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 286.44 711.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 308.10 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.19 711.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 363.62 711.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 380.84 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.93 711.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 410.81 711.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 435.23 711.60 Td (carryforwards. ) Tj ET Q q 0 0 0 rg BT 495.47 711.60 Td (Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.77 699.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 121.65 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.64 699.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 178.41 699.60 Td (are ) Tj ET Q q 0 0 0 rg BT 193.17 699.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 234.04 699.60 Td (using ) Tj ET Q q 0 0 0 rg BT 258.26 699.60 Td (enacted ) Tj ET Q q 0 0 0 rg BT 291.35 699.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 306.12 699.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 327.55 699.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 365.63 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.96 699.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 400.73 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 411.06 699.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 442.49 699.60 Td (income ) Tj ET Q q 0 0 0 rg BT 474.48 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 484.81 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.58 699.60 Td (years ) Tj ET Q q 0 0 0 rg BT 523.23 699.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (which ) Tj ET Q q 0 0 0 rg BT 106.97 687.60 Td (those ) Tj ET Q q 0 0 0 rg BT 129.61 687.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 172.24 687.60 Td (dif) Tj ET Q q 0 0 0 rg BT 183.17 687.60 Td (ferences ) Tj ET Q q 0 0 0 rg BT 218.00 687.60 Td (are ) Tj ET Q q 0 0 0 rg BT 231.74 687.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 268.81 687.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.12 687.60 Td (be ) Tj ET Q q 0 0 0 rg BT 289.09 687.60 Td (recovered ) Tj ET Q q 0 0 0 rg BT 330.03 687.60 Td (or ) Tj ET Q q 0 0 0 rg BT 339.90 687.60 Td (settled. ) Tj ET Q q 0 0 0 rg BT 369.92 687.60 Td (The ) Tj ET Q q 0 0 0 rg BT 387.00 687.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 427.42 687.60 Td (assesses ) Tj ET Q q 0 0 0 rg BT 461.73 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.47 687.60 Td (recoverability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.36 675.60 Td (its ) Tj ET Q q 0 0 0 rg BT 106.84 675.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 144.18 675.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 160.42 675.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 187.78 675.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.59 675.60 Td (each ) Tj ET Q q 0 0 0 rg BT 221.94 675.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 262.63 675.60 Td (period ) Tj ET Q q 0 0 0 rg BT 292.20 675.60 Td (under ) Tj ET Q q 0 0 0 rg BT 319.00 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 335.25 675.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 375.38 675.60 Td (outlined ) Tj ET Q q 0 0 0 rg BT 412.18 675.60 Td (within ) Tj ET Q q 0 0 0 rg BT 440.88 675.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 491.56 675.60 Td (Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (Codification ) Tj ET Q q 0 0 0 rg BT 134.65 663.60 Td (\(ASC\) ) Tj ET Q q 0 0 0 rg BT 173.03 663.60 Td (T) Tj ET Q q 0 0 0 rg BT 178.44 663.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 199.32 663.60 Td (740, ) Tj ET Q q 0 0 0 rg BT 220.48 663.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 258.30 663.60 Td (T) Tj ET Q q 0 0 0 rg BT 263.71 663.60 Td (axes. ) Tj ET Q q 0 0 0 rg BT 291.81 663.60 Td (The ) Tj ET Q q 0 0 0 rg BT 311.01 663.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 350.76 663.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 386.63 663.60 Td (an ) Tj ET Q q 0 0 0 rg BT 399.73 663.60 Td (assessment ) Tj ET Q q 0 0 0 rg BT 447.82 663.60 Td (of ) Tj ET Q q 0 0 0 rg BT 459.81 663.60 Td (both ) Tj ET Q q 0 0 0 rg BT 481.25 663.60 Td (positive ) Tj ET Q q 0 0 0 rg BT 516.57 663.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 116.52 651.60 Td (evidence ) Tj ET Q q 0 0 0 rg BT 153.70 651.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.13 651.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 213.10 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 226.97 651.60 Td (realizability ) Tj ET Q q 0 0 0 rg BT 276.37 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 286.35 651.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 321.30 651.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 335.17 651.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 362.29 651.60 Td (A) Tj ET Q q 0 0 0 rg BT 368.96 651.60 Td ( ) Tj ET Q q 0 0 0 rg BT 370.61 651.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 409.47 651.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 451.65 651.60 Td (is ) Tj ET Q q 0 0 0 rg BT 459.97 651.60 Td (required ) Tj ET Q q 0 0 0 rg BT 494.93 651.60 Td (to ) Tj ET Q q 0 0 0 rg BT 504.36 651.60 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.85 639.60 Td (Company) Tj ET Q q 0 0 0 rg BT 137.51 639.60 Td (s ) Tj ET Q q 0 0 0 rg BT 144.04 639.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 179.97 639.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 194.82 639.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 216.89 639.60 Td (to ) Tj ET Q q 0 0 0 rg BT 227.30 639.60 Td (an ) Tj ET Q q 0 0 0 rg BT 239.37 639.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 272.00 639.60 Td (that ) Tj ET Q q 0 0 0 rg BT 289.63 639.60 Td (is ) Tj ET Q q 0 0 0 rg BT 298.93 639.60 Td (more ) Tj ET Q q 0 0 0 rg BT 322.11 639.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 347.51 639.60 Td (than ) Tj ET Q q 0 0 0 rg BT 367.36 639.60 Td (not ) Tj ET Q q 0 0 0 rg BT 382.77 639.60 Td (to ) Tj ET Q q 0 0 0 rg BT 393.18 639.60 Td (be ) Tj ET Q q 0 0 0 rg BT 405.25 639.60 Td (realized. ) Tj ET Q q 0 0 0 rg BT 442.03 639.60 Td (In ) Tj ET Q q 0 0 0 rg BT 452.99 639.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 503.94 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.79 639.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 117.08 627.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.06 627.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 154.27 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.48 627.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 211.47 627.60 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 257.27 627.60 Td (management ) Tj ET Q q 0 0 0 rg BT 311.13 627.60 Td (is ) Tj ET Q q 0 0 0 rg BT 320.57 627.60 Td (required ) Tj ET Q q 0 0 0 rg BT 356.66 627.60 Td (to ) Tj ET Q q 0 0 0 rg BT 367.21 627.60 Td (make ) Tj ET Q q 0 0 0 rg BT 391.63 627.60 Td (judgments ) Tj ET Q q 0 0 0 rg BT 436.07 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 453.28 627.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 493.26 627.60 Td (related ) Tj ET Q q 0 0 0 rg BT 523.23 627.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.60 Td (projections ) Tj ET Q q 0 0 0 rg BT 127.72 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.33 615.60 Td (future ) Tj ET Q q 0 0 0 rg BT 164.49 615.60 Td (profitability) Tj ET Q q 0 0 0 rg BT 211.61 615.60 Td (. ) Tj ET Q q 0 0 0 rg BT 218.73 615.60 Td (These ) Tj ET Q q 0 0 0 rg BT 244.89 615.60 Td (judgments ) Tj ET Q q 0 0 0 rg BT 288.84 615.60 Td (include ) Tj ET Q q 0 0 0 rg BT 320.56 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 335.06 615.60 Td (following: ) Tj ET Q q 0 0 0 rg BT 379.01 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 393.51 615.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 421.91 615.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.63 615.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 465.35 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.96 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.46 615.60 Td (utilization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 603.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.66 603.60 Td (net ) Tj ET Q q 0 0 0 rg BT 106.20 603.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 146.29 603.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 164.18 603.60 Td (carry-forwards, ) Tj ET Q q 0 0 0 rg BT 228.42 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.97 603.60 Td (reversals ) Tj ET Q q 0 0 0 rg BT 280.83 603.60 Td (of ) Tj ET Q q 0 0 0 rg BT 291.49 603.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 334.91 603.60 Td (dif) Tj ET Q q 0 0 0 rg BT 345.84 603.60 Td (ferences, ) Tj ET Q q 0 0 0 rg BT 383.97 603.60 Td (and ) Tj ET Q q 0 0 0 rg BT 400.74 603.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 415.29 603.60 Td (planning ) Tj ET Q q 0 0 0 rg BT 452.61 603.60 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 497.70 603.60 Td (Because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 591.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.22 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 107.34 591.60 Td (change ) Tj ET Q q 0 0 0 rg BT 138.55 591.60 Td (in ) Tj ET Q q 0 0 0 rg BT 149.22 591.60 Td (facts ) Tj ET Q q 0 0 0 rg BT 170.99 591.60 Td (and ) Tj ET Q q 0 0 0 rg BT 188.32 591.60 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 247.86 591.60 Td (described ) Tj ET Q q 0 0 0 rg BT 289.07 591.60 Td (in ) Tj ET Q q 0 0 0 rg BT 299.74 591.60 Td ("Note ) Tj ET Q q 0 0 0 rg BT 326.16 591.60 Td (1) Tj ET Q q 0 0 0 rg BT 330.79 591.60 Td (1. ) Tj ET Q q 0 0 0 rg BT 341.18 591.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 373.85 591.60 Td (T) Tj ET Q q 0 0 0 rg BT 379.26 591.60 Td (axes" ) Tj ET Q q 0 0 0 rg BT 404.01 591.60 Td (to ) Tj ET Q q 0 0 0 rg BT 414.68 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 429.79 591.60 Td (Company) Tj ET Q q 0 0 0 rg BT 471.45 591.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.24 591.60 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 579.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 121.35 579.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.23 579.60 Td (, ) Tj ET Q q 0 0 0 rg BT 170.87 579.60 Td (during ) Tj ET Q q 0 0 0 rg BT 200.11 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.47 579.60 Td (year ) Tj ET Q q 0 0 0 rg BT 235.81 579.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 262.83 579.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 323.73 579.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 346.86 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.22 579.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 404.24 579.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 452.36 579.60 Td (that ) Tj ET Q q 0 0 0 rg BT 470.49 579.60 Td (a ) Tj ET Q q 0 0 0 rg BT 478.07 579.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 510.09 579.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.56 579.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 567.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 115.61 567.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 151.86 567.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 167.02 567.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.29 567.60 Td (that ) Tj ET Q q 0 0 0 rg BT 211.23 567.60 Td (had ) Tj ET Q q 0 0 0 rg BT 228.62 567.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 273.78 567.60 Td (had ) Tj ET Q q 0 0 0 rg BT 291.16 567.60 Td (a ) Tj ET Q q 0 0 0 rg BT 298.54 567.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 338.70 567.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 382.18 567.60 Td (placed ) Tj ET Q q 0 0 0 rg BT 411.21 567.60 Td (against ) Tj ET Q q 0 0 0 rg BT 442.48 567.60 Td (them, ) Tj ET Q q 0 0 0 rg BT 467.92 567.60 Td (were ) Tj ET Q q 0 0 0 rg BT 490.30 567.60 Td (now ) Tj ET Q q 0 0 0 rg BT 510.46 567.60 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 555.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 106.37 555.60 Td (than ) Tj ET Q q 0 0 0 rg BT 126.18 555.60 Td (not ) Tj ET Q q 0 0 0 rg BT 141.55 555.60 Td (recoverable.) Tj ET Q q 0 0 0 rg BT 193.00 555.60 Td (The ) Tj ET Q q 0 0 0 rg BT 211.14 555.60 Td (ef) Tj ET Q q 0 0 0 rg BT 218.72 555.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 236.30 555.60 Td (on ) Tj ET Q q 0 0 0 rg BT 248.90 555.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 284.79 555.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.60 555.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 325.53 555.60 Td (and ) Tj ET Q q 0 0 0 rg BT 342.56 555.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 382.37 555.60 Td (of ) Tj ET Q q 0 0 0 rg BT 393.29 555.60 Td (a ) Tj ET Q q 0 0 0 rg BT 400.32 555.60 Td (change ) Tj ET Q q 0 0 0 rg BT 431.23 555.60 Td (in ) Tj ET Q q 0 0 0 rg BT 441.60 555.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 456.41 555.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 477.88 555.60 Td (is ) Tj ET Q q 0 0 0 rg BT 487.14 555.60 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 543.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.48 543.60 Td (income ) Tj ET Q q 0 0 0 rg BT 123.61 543.60 Td (in ) Tj ET Q q 0 0 0 rg BT 134.08 543.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.00 543.60 Td (period ) Tj ET Q q 0 0 0 rg BT 177.24 543.60 Td (that ) Tj ET Q q 0 0 0 rg BT 194.94 543.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 230.96 543.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.87 543.60 Td (enactment ) Tj ET Q q 0 0 0 rg BT 289.66 543.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 311.32 543.60 Td (The ) Tj ET Q q 0 0 0 rg BT 329.56 543.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.15 543.60 Td (has ) Tj ET Q q 0 0 0 rg BT 387.17 543.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.09 543.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 430.34 543.60 Td (and ) Tj ET Q q 0 0 0 rg BT 447.48 543.60 Td (intent ) Tj ET Q q 0 0 0 rg BT 472.95 543.60 Td (to ) Tj ET Q q 0 0 0 rg BT 483.42 543.60 Td (recover ) Tj ET Q q 0 0 0 rg BT 516.10 543.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.57 543.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 531.60 Td (tax-free ) Tj ET Q q 0 0 0 rg BT 113.37 531.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 144.65 531.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 169.27 531.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 182.22 531.60 Td (liabilities\) ) Tj ET Q q 0 0 0 rg BT 224.06 531.60 Td (with ) Tj ET Q q 0 0 0 rg BT 243.13 531.60 Td (book/tax ) Tj ET Q q 0 0 0 rg BT 279.41 531.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 300.70 531.60 Td (dif) Tj ET Q q 0 0 0 rg BT 311.63 531.60 Td (ferences ) Tj ET Q q 0 0 0 rg BT 346.23 531.60 Td (for ) Tj ET Q q 0 0 0 rg BT 359.18 531.60 Td (which ) Tj ET Q q 0 0 0 rg BT 384.91 531.60 Td (no ) Tj ET Q q 0 0 0 rg BT 396.20 531.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 430.79 531.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 452.63 531.60 Td (have ) Tj ET Q q 0 0 0 rg BT 472.80 531.60 Td (been ) Tj ET Q q 0 0 0 rg BT 492.97 531.60 Td (provided, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 519.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 519.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 138.74 519.60 Td (with ) Tj ET Q q 0 0 0 rg BT 158.47 519.60 Td (ASC ) Tj ET Q q 0 0 0 rg BT 180.24 519.60 Td (T) Tj ET Q q 0 0 0 rg BT 185.65 519.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 205.37 519.60 Td (740 ) Tj ET Q q 0 0 0 rg BT 222.87 519.60 Td ("Income ) Tj ET Q q 0 0 0 rg BT 259.25 519.60 Td (T) Tj ET Q q 0 0 0 rg BT 264.66 519.60 Td (axes".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 503.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.21 503.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.75 503.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 196.73 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.61 503.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 260.14 503.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 299.89 503.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.21 503.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 356.07 503.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 371.95 503.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 411.73 503.10 Td (which ) Tj ET Q q 0 0 0 rg BT 439.82 503.10 Td (prescribes ) Tj ET Q q 0 0 0 rg BT 484.02 503.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.12 503.10 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 491.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 129.32 491.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 169.32 491.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.54 491.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 191.54 491.10 Td (position ) Tj ET Q q 0 0 0 rg BT 226.55 491.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.00 491.10 Td (required ) Tj ET Q q 0 0 0 rg BT 272.10 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.66 491.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 304.88 491.10 Td (before ) Tj ET Q q 0 0 0 rg BT 333.20 491.10 Td (being ) Tj ET Q q 0 0 0 rg BT 358.20 491.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 404.84 491.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.40 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.40 491.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.16 491.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 515.46 491.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 479.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 122.33 479.10 Td (also ) Tj ET Q q 0 0 0 rg BT 143.67 479.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 183.35 479.10 Td (information ) Tj ET Q q 0 0 0 rg BT 235.79 479.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.03 479.10 Td (de-recognition, ) Tj ET Q q 0 0 0 rg BT 317.08 479.10 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 378.12 479.10 Td (classification, ) Tj ET Q q 0 0 0 rg BT 438.62 479.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 473.28 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.96 479.10 Td (penalties, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 467.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 126.49 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.89 467.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 166.40 467.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 199.96 467.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 242.12 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.18 467.10 Td (transition. ) Tj ET Q q 0 0 0 rg BT 299.96 467.10 Td (The ) Tj ET Q q 0 0 0 rg BT 317.13 467.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 357.64 467.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 402.01 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.85 467.10 Td (ef) Tj ET Q q 0 0 0 rg BT 423.44 467.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 440.04 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.99 467.10 Td (income ) Tj ET Q q 0 0 0 rg BT 481.05 467.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 494.89 467.10 Td (positions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 455.10 Td (only ) Tj ET Q q 0 0 0 rg BT 100.99 455.10 Td (if ) Tj ET Q q 0 0 0 rg BT 109.31 455.10 Td (those ) Tj ET Q q 0 0 0 rg BT 132.63 455.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 170.96 455.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.38 455.10 Td (more ) Tj ET Q q 0 0 0 rg BT 208.14 455.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 233.12 455.10 Td (than ) Tj ET Q q 0 0 0 rg BT 252.55 455.10 Td (not ) Tj ET Q q 0 0 0 rg BT 267.54 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.08 455.10 Td (being ) Tj ET Q q 0 0 0 rg BT 302.51 455.10 Td (sustained. ) Tj ET Q q 0 0 0 rg BT 344.44 455.10 Td (Recognized ) Tj ET Q q 0 0 0 rg BT 393.86 455.10 Td (income ) Tj ET Q q 0 0 0 rg BT 425.50 455.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 439.93 455.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 478.26 455.10 Td (are ) Tj ET Q q 0 0 0 rg BT 492.68 455.10 Td (measured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 443.10 Td (at ) Tj ET Q q 0 0 0 rg BT 90.44 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.89 443.10 Td (lar) Tj ET Q q 0 0 0 rg BT 115.25 443.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 133.59 443.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 165.81 443.10 Td (that ) Tj ET Q q 0 0 0 rg BT 183.03 443.10 Td (is ) Tj ET Q q 0 0 0 rg BT 191.93 443.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 221.91 443.10 Td (than ) Tj ET Q q 0 0 0 rg BT 241.35 443.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 261.91 443.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 286.91 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.46 443.10 Td (being ) Tj ET Q q 0 0 0 rg BT 321.91 443.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 358.28 443.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 394.94 443.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.95 443.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 452.71 443.10 Td (or ) Tj ET Q q 0 0 0 rg BT 463.27 443.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 518.81 443.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 431.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 118.48 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.77 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.50 431.10 Td (period ) Tj ET Q q 0 0 0 rg BT 171.56 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.85 431.10 Td (which ) Tj ET Q q 0 0 0 rg BT 208.80 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.52 431.10 Td (change ) Tj ET Q q 0 0 0 rg BT 254.35 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.64 431.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 304.93 431.10 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 335.48 431.10 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 371.86 431.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.80 431.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 438.52 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.47 431.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 493.53 431.10 Td (related ) Tj ET Q q 0 0 0 rg BT 523.24 431.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 419.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 120.32 419.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 134.65 419.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 172.88 419.10 Td (are ) Tj ET Q q 0 0 0 rg BT 187.20 419.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 224.29 419.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.18 419.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 270.71 419.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 285.04 419.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 319.37 419.10 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 360.34 419.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.23 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.56 419.10 Td (Company) Tj ET Q q 0 0 0 rg BT 426.23 419.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.23 419.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 487.12 419.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.82 407.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.70 407.10 Td (. ) Tj ET Q q 0 0 0 rg BT 138.58 407.10 Td (The ) Tj ET Q q 0 0 0 rg BT 155.62 407.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 196.00 407.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.93 407.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.93 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.42 407.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 278.78 407.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 292.48 407.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 325.63 407.10 Td (related ) Tj ET Q q 0 0 0 rg BT 354.32 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.59 407.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 402.29 407.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.00 407.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 453.61 407.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.43 407.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.25 407.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 395.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 395.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.44 395.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.44 395.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 371.10 Td (Contractholder ) Tj ET Q q 0 0 0 rg BT 158.29 371.10 Td (Funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 354.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.14 354.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 160.94 354.60 Td (for ) Tj ET Q q 0 0 0 rg BT 174.19 354.60 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 233.53 354.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 257.34 354.60 Td (for ) Tj ET Q q 0 0 0 rg BT 270.59 354.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 305.49 354.60 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 345.68 354.60 Td (IUL) Tj ET Q q 0 0 0 rg BT 361.97 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 363.56 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 379.58 354.60 Td (UL) Tj ET Q q 0 0 0 rg BT 392.54 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 394.13 354.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 426.83 354.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 456.19 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 466.11 354.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 499.90 354.60 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 342.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 118.09 342.60 Td (that ) Tj ET Q q 0 0 0 rg BT 135.75 342.60 Td (accrue ) Tj ET Q q 0 0 0 rg BT 164.50 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.94 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.82 342.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 220.25 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 231.25 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.13 342.60 Td (contractholders. ) Tj ET Q q 0 0 0 rg BT 312.74 342.60 Td (The ) Tj ET Q q 0 0 0 rg BT 330.95 342.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 370.84 342.60 Td (for ) Tj ET Q q 0 0 0 rg BT 385.16 342.60 Td (FIAs ) Tj ET Q q 0 0 0 rg BT 407.83 342.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 438.27 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.27 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 464.15 342.60 Td (value ) Tj ET Q q 0 0 0 rg BT 488.47 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.47 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 514.35 342.60 Td (host ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 330.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 118.32 330.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 140.11 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.45 330.60 Td (value ) Tj ET Q q 0 0 0 rg BT 184.23 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 197.68 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.01 330.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 261.23 330.60 Td (derivative. ) Tj ET Q q 0 0 0 rg BT 308.46 330.60 Td (The ) Tj ET Q q 0 0 0 rg BT 329.13 330.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 375.34 330.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 420.44 330.60 Td (is ) Tj ET Q q 0 0 0 rg BT 432.23 330.60 Td (carried ) Tj ET Q q 0 0 0 rg BT 465.11 330.60 Td (at ) Tj ET Q q 0 0 0 rg BT 477.45 330.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 496.44 330.60 Td (value ) Tj ET Q q 0 0 0 rg BT 523.22 330.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 318.60 Td (Contractholder ) Tj ET Q q 0 0 0 rg BT 147.93 318.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 177.10 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 187.39 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.12 318.60 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 262.94 318.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 318.23 318.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 352.94 318.60 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 381.56 318.60 Td (with ) Tj ET Q q 0 0 0 rg BT 401.85 318.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 436.57 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 446.86 318.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 463.24 318.60 Td (value ) Tj ET Q q 0 0 0 rg BT 487.41 318.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 523.24 318.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 98.10 306.60 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 161.29 306.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 218.95 306.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 267.71 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 280.93 306.60 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 332.19 306.60 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 377.62 306.60 Td (for ) Tj ET Q q 0 0 0 rg BT 394.16 306.60 Td (immediate ) Tj ET Q q 0 0 0 rg BT 441.25 306.60 Td (annuities ) Tj ET Q q 0 0 0 rg BT 482.24 306.60 Td (without ) Tj ET Q q 0 0 0 rg BT 517.67 306.60 Td (life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 294.60 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 138.48 294.60 Td (are ) Tj ET Q q 0 0 0 rg BT 153.19 294.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 190.66 294.60 Td (at ) Tj ET Q q 0 0 0 rg BT 200.38 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.10 294.60 Td (present ) Tj ET Q q 0 0 0 rg BT 246.47 294.60 Td (value ) Tj ET Q q 0 0 0 rg BT 270.63 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.46 294.60 Td (future ) Tj ET Q q 0 0 0 rg BT 307.84 294.60 Td (benefits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 273.60 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 147.69 273.60 Td (for ) Tj ET Q q 0 0 0 rg BT 161.49 273.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.85 273.60 Td (secondary ) Tj ET Q q 0 0 0 rg BT 218.53 273.60 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 263.42 273.60 Td (on ) Tj ET Q q 0 0 0 rg BT 275.56 273.60 Td (UL-type ) Tj ET Q q 0 0 0 rg BT 311.58 273.60 Td (products ) Tj ET Q q 0 0 0 rg BT 348.16 273.60 Td (or ) Tj ET Q q 0 0 0 rg BT 358.63 273.60 Td (Investment-type ) Tj ET Q q 0 0 0 rg BT 425.75 273.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 463.99 273.60 Td (are ) Tj ET Q q 0 0 0 rg BT 478.33 273.60 Td (calculated ) Tj ET Q q 0 0 0 rg BT 521.00 273.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.60 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 129.98 261.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.51 261.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 174.59 261.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 195.22 261.60 Td (by ) Tj ET Q q 0 0 0 rg BT 207.54 261.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.06 261.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 268.81 261.60 Td (assessments ) Tj ET Q q 0 0 0 rg BT 319.45 261.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 356.73 261.60 Td (from ) Tj ET Q q 0 0 0 rg BT 378.49 261.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 413.00 261.60 Td (inception ) Tj ET Q q 0 0 0 rg BT 452.52 261.60 Td (through ) Tj ET Q q 0 0 0 rg BT 485.94 261.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.47 261.60 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 249.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 104.63 249.60 Td (date ) Tj ET Q q 0 0 0 rg BT 124.38 249.60 Td (less ) Tj ET Q q 0 0 0 rg BT 142.46 249.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.77 249.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 205.28 249.60 Td (secondary ) Tj ET Q q 0 0 0 rg BT 248.91 249.60 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 290.86 249.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 321.71 249.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 363.12 249.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 382.88 249.60 Td (interest. ) Tj ET Q q 0 0 0 rg BT 417.90 249.60 Td (If ) Tj ET Q q 0 0 0 rg BT 427.65 249.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 474.04 249.60 Td (or ) Tj ET Q q 0 0 0 rg BT 485.45 249.60 Td (assumption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 237.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 116.20 237.60 Td (result ) Tj ET Q q 0 0 0 rg BT 141.42 237.60 Td (in ) Tj ET Q q 0 0 0 rg BT 152.19 237.60 Td (a ) Tj ET Q q 0 0 0 rg BT 159.62 237.60 Td (new ) Tj ET Q q 0 0 0 rg BT 179.28 237.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 210.04 237.60 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 233.86 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.07 237.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 284.83 237.60 Td (are ) Tj ET Q q 0 0 0 rg BT 300.03 237.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 336.35 237.60 Td (to ) Tj ET Q q 0 0 0 rg BT 347.12 237.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 375.65 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 390.86 237.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 426.07 237.60 Td (in ) Tj ET Q q 0 0 0 rg BT 436.84 237.60 Td (a ) Tj ET Q q 0 0 0 rg BT 444.27 237.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 477.25 237.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 508.02 237.60 Td (to ) Tj ET Q q 0 0 0 rg BT 518.80 237.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 225.60 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 122.71 225.60 Td (of ) Tj ET Q q 0 0 0 rg BT 132.75 225.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 155.58 225.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.60 225.60 Td (VOBA. ) Tj ET Q q 0 0 0 rg BT 204.03 225.60 Td (The ) Tj ET Q q 0 0 0 rg BT 221.29 225.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 266.87 225.60 Td (for ) Tj ET Q q 0 0 0 rg BT 280.25 225.60 Td (secondary ) Tj ET Q q 0 0 0 rg BT 322.50 225.60 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 363.07 225.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 396.44 225.60 Td (impacts, ) Tj ET Q q 0 0 0 rg BT 431.76 225.60 Td (and ) Tj ET Q q 0 0 0 rg BT 447.91 225.60 Td (is ) Tj ET Q q 0 0 0 rg BT 456.29 225.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 494.65 225.60 Td (by) Tj ET Q q 0 0 0 rg BT 504.00 225.60 Td (, ) Tj ET Q q 0 0 0 rg BT 508.22 225.60 Td (EGPs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 213.60 Td (used ) Tj ET Q q 0 0 0 rg BT 101.83 213.60 Td (to ) Tj ET Q q 0 0 0 rg BT 112.11 213.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 150.14 213.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 203.17 213.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.00 213.60 Td (DAC ) Tj ET Q q 0 0 0 rg BT 237.62 213.60 Td (and ) Tj ET Q q 0 0 0 rg BT 254.37 213.60 Td (VOBA. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 187.20 Td (Future ) Tj ET Q q 0 0 0 rg BT 124.40 187.20 Td (Policy ) Tj ET Q q 0 0 0 rg BT 152.44 187.20 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 166.20 Td (The ) Tj ET Q q 0 0 0 rg BT 122.11 166.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 162.39 166.20 Td (for ) Tj ET Q q 0 0 0 rg BT 177.12 166.20 Td (future ) Tj ET Q q 0 0 0 rg BT 204.06 166.20 Td (policy ) Tj ET Q q 0 0 0 rg BT 232.12 166.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 266.84 166.20 Td (and ) Tj ET Q q 0 0 0 rg BT 284.35 166.20 Td (claim ) Tj ET Q q 0 0 0 rg BT 309.63 166.20 Td (reserves ) Tj ET Q q 0 0 0 rg BT 345.45 166.20 Td (for ) Tj ET Q q 0 0 0 rg BT 360.17 166.20 Td (traditional ) Tj ET Q q 0 0 0 rg BT 404.34 166.20 Td (life ) Tj ET Q q 0 0 0 rg BT 420.73 166.20 Td (policies ) Tj ET Q q 0 0 0 rg BT 454.90 166.20 Td (and ) Tj ET Q q 0 0 0 rg BT 472.40 166.20 Td (life ) Tj ET Q q 0 0 0 rg BT 488.79 166.20 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 154.20 Td (pay-out ) Tj ET Q q 0 0 0 rg BT 113.93 154.20 Td (annuity ) Tj ET Q q 0 0 0 rg BT 146.30 154.20 Td (policies ) Tj ET Q q 0 0 0 rg BT 179.78 154.20 Td (are ) Tj ET Q q 0 0 0 rg BT 194.37 154.20 Td (computed ) Tj ET Q q 0 0 0 rg BT 236.18 154.20 Td (using ) Tj ET Q q 0 0 0 rg BT 260.23 154.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 312.06 154.20 Td (for ) Tj ET Q q 0 0 0 rg BT 326.10 154.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 372.36 154.20 Td (yields, ) Tj ET Q q 0 0 0 rg BT 401.13 154.20 Td (mortality ) Tj ET Q q 0 0 0 rg BT 440.17 154.20 Td (and ) Tj ET Q q 0 0 0 rg BT 456.98 154.20 Td (withdrawals ) Tj ET Q q 0 0 0 rg BT 508.24 154.20 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 142.20 Td (principally ) Tj ET Q q 0 0 0 rg BT 126.16 142.20 Td (on ) Tj ET Q q 0 0 0 rg BT 138.01 142.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 177.05 142.20 Td (accepted ) Tj ET Q q 0 0 0 rg BT 213.87 142.20 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 250.13 142.20 Td (methods ) Tj ET Q q 0 0 0 rg BT 285.86 142.20 Td (and ) Tj ET Q q 0 0 0 rg BT 302.14 142.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 353.43 142.20 Td (at ) Tj ET Q q 0 0 0 rg BT 362.49 142.20 Td (the ) Tj ET Q q 0 0 0 rg BT 376.55 142.20 Td (time ) Tj ET Q q 0 0 0 rg BT 396.17 142.20 Td (of ) Tj ET Q q 0 0 0 rg BT 406.34 142.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 440.39 142.20 Td (issue. ) Tj ET Q q 0 0 0 rg BT 464.73 142.20 Td (Investment ) Tj ET Q q 0 0 0 rg BT 511.01 142.20 Td (yield ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 130.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 133.29 130.20 Td (for ) Tj ET Q q 0 0 0 rg BT 147.80 130.20 Td (traditional ) Tj ET Q q 0 0 0 rg BT 191.75 130.20 Td (direct ) Tj ET Q q 0 0 0 rg BT 217.36 130.20 Td (life ) Tj ET Q q 0 0 0 rg BT 233.53 130.20 Td (reserves ) Tj ET Q q 0 0 0 rg BT 269.13 130.20 Td (for ) Tj ET Q q 0 0 0 rg BT 283.64 130.20 Td (all ) Tj ET Q q 0 0 0 rg BT 296.48 130.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 335.42 130.20 Td (range ) Tj ET Q q 0 0 0 rg BT 360.48 130.20 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.76 130.20 Td (5.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.59 130.20 Td ( ) Tj ET Q q 0 0 0 rg BT 406.44 130.20 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.06 130.20 Td (6.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.89 130.20 Td (. ) Tj ET Q q 0 0 0 rg BT 443.24 130.20 Td ( ) Tj ET Q q 0 0 0 rg BT 445.88 130.20 Td (The ) Tj ET Q q 0 0 0 rg BT 464.28 130.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 511.00 130.20 Td (yield ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 118.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 132.95 118.20 Td (for ) Tj ET Q q 0 0 0 rg BT 147.11 118.20 Td (life ) Tj ET Q q 0 0 0 rg BT 162.93 118.20 Td (contingent ) Tj ET Q q 0 0 0 rg BT 207.65 118.20 Td (pay-out ) Tj ET Q q 0 0 0 rg BT 240.69 118.20 Td (annuities ) Tj ET Q q 0 0 0 rg BT 279.30 118.20 Td (range ) Tj ET Q q 0 0 0 rg BT 304.00 118.20 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.94 118.20 Td (0.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.77 118.20 Td ( ) Tj ET Q q 0 0 0 rg BT 349.27 118.20 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.55 118.20 Td (6.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.38 118.20 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 92.70 Td (Federal ) Tj ET Q q 0 0 0 rg BT 127.72 92.70 Td (Home ) Tj ET Q q 0 0 0 rg BT 155.21 92.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 179.38 92.70 Td (Bank ) Tj ET Q q 0 0 0 rg BT 204.11 92.70 Td (of ) Tj ET Q q 0 0 0 rg BT 214.57 92.70 Td (Atlanta ) Tj ET Q q 0 0 0 rg BT 247.27 92.70 Td (Agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 76.20 Td (Contractholder ) Tj ET Q q 0 0 0 rg BT 167.24 76.20 Td (funds ) Tj ET Q q 0 0 0 rg BT 191.72 76.20 Td (include ) Tj ET Q q 0 0 0 rg BT 223.42 76.20 Td (funds ) Tj ET Q q 0 0 0 rg BT 247.90 76.20 Td (related ) Tj ET Q q 0 0 0 rg BT 277.36 76.20 Td (to ) Tj ET Q q 0 0 0 rg BT 287.40 76.20 Td (funding ) Tj ET Q q 0 0 0 rg BT 320.76 76.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 368.56 76.20 Td (that ) Tj ET Q q 0 0 0 rg BT 385.81 76.20 Td (have ) Tj ET Q q 0 0 0 rg BT 406.95 76.20 Td (been ) Tj ET Q q 0 0 0 rg BT 428.08 76.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 455.34 76.20 Td (by ) Tj ET Q q 0 0 0 rg BT 467.60 76.20 Td (the ) Tj ET Q q 0 0 0 rg BT 482.08 76.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.23 76.20 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 64.20 Td (the ) Tj ET Q q 0 0 0 rg BT 95.46 64.20 Td (Federal ) Tj ET Q q 0 0 0 rg BT 127.69 64.20 Td (Home ) Tj ET Q q 0 0 0 rg BT 154.37 64.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 177.16 64.20 Td (Bank ) Tj ET Q q 0 0 0 rg BT 200.51 64.20 Td (of ) Tj ET Q q 0 0 0 rg BT 210.59 64.20 Td (Atlanta ) Tj ET Q q 0 0 0 rg BT 242.27 64.20 Td (\(FHLB\) ) Tj ET Q q 0 0 0 rg BT 285.61 64.20 Td (as ) Tj ET Q q 0 0 0 rg BT 296.19 64.20 Td (a ) Tj ET Q q 0 0 0 rg BT 302.87 64.20 Td (funding ) Tj ET Q q 0 0 0 rg BT 336.22 64.20 Td (medium ) Tj ET Q q 0 0 0 rg BT 371.24 64.20 Td (for ) Tj ET Q q 0 0 0 rg BT 385.14 64.20 Td (single ) Tj ET Q q 0 0 0 rg BT 411.27 64.20 Td (premium ) Tj ET Q q 0 0 0 rg BT 449.62 64.20 Td (funding ) Tj ET Q q 0 0 0 rg BT 482.97 64.20 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 533.50 64.20 Td ( ) Tj ET Q endstream endobj 239 0 obj <>] /Rotate 0 /Contents 240 0 R>> endobj 240 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 98.79 735.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 139.92 735.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 171.59 735.60 Td (into ) Tj ET Q q 0 0 0 rg BT 189.39 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 196.08 735.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 239.98 735.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 273.33 735.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 317.22 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 337.24 735.60 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 365.05 735.60 Td (on ) Tj ET Q q 0 0 0 rg BT 377.29 735.60 Td (June ) Tj ET Q q 0 0 0 rg BT 397.87 735.60 Td (28, ) Tj ET Q q 0 0 0 rg BT 412.61 735.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 434.86 735.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.76 735.60 Td ($157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.76 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 471.01 735.60 Td (at ) Tj ET Q q 0 0 0 rg BT 480.47 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 487.15 735.60 Td (guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 112.93 723.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 130.42 723.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.25 723.60 Td (0.73%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.08 723.60 Td (, ) Tj ET Q q 0 0 0 rg BT 172.08 723.60 Td (which ) Tj ET Q q 0 0 0 rg BT 199.02 723.60 Td (will ) Tj ET Q q 0 0 0 rg BT 217.07 723.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 257.33 723.60 Td (on ) Tj ET Q q 0 0 0 rg BT 269.83 723.60 Td (June ) Tj ET Q q 0 0 0 rg BT 290.66 723.60 Td (27, ) Tj ET Q q 0 0 0 rg BT 305.66 723.60 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 702.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.75 702.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 156.06 702.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 203.80 702.60 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 224.05 702.60 Td (immediate ) Tj ET Q q 0 0 0 rg BT 268.46 702.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 300.66 702.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 338.96 702.60 Td (without ) Tj ET Q q 0 0 0 rg BT 371.72 702.60 Td (life ) Tj ET Q q 0 0 0 rg BT 387.24 702.60 Td (contingencies\) ) Tj ET Q q 0 0 0 rg BT 447.76 702.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 480.51 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 487.15 702.60 Td (guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 690.60 Td (stream ) Tj ET Q q 0 0 0 rg BT 110.46 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 121.59 690.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 162.72 690.60 Td (or ) Tj ET Q q 0 0 0 rg BT 173.86 690.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 207.21 690.60 Td (for ) Tj ET Q q 0 0 0 rg BT 221.67 690.60 Td (a ) Tj ET Q q 0 0 0 rg BT 228.92 690.60 Td (bullet ) Tj ET Q q 0 0 0 rg BT 254.49 690.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 291.73 690.60 Td (with ) Tj ET Q q 0 0 0 rg BT 312.31 690.60 Td (renewal ) Tj ET Q q 0 0 0 rg BT 346.76 690.60 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 393.74 690.60 Td (Single ) Tj ET Q q 0 0 0 rg BT 422.10 690.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 464.90 690.60 Td (were ) Tj ET Q q 0 0 0 rg BT 487.13 690.60 Td (received ) Tj ET Q q 0 0 0 rg BT 523.80 690.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.14 678.60 Td (initiation ) Tj ET Q q 0 0 0 rg BT 135.17 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.43 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.57 678.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 195.60 678.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 244.06 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 261.42 678.60 Td (were ) Tj ET Q q 0 0 0 rg BT 283.77 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 294.47 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.61 678.60 Td (form ) Tj ET Q q 0 0 0 rg BT 331.98 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.23 678.60 Td (advances ) Tj ET Q q 0 0 0 rg BT 382.80 678.60 Td (from ) Tj ET Q q 0 0 0 rg BT 405.16 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.30 678.60 Td (FHLB. ) Tj ET Q q 0 0 0 rg BT 451.29 678.60 Td (Payments ) Tj ET Q q 0 0 0 rg BT 493.10 678.60 Td (under ) Tj ET Q q 0 0 0 rg BT 518.79 678.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 666.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 115.82 666.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 165.07 666.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 195.43 666.60 Td (through ) Tj ET Q q 0 0 0 rg BT 230.25 666.60 Td (2022. ) Tj ET Q q 0 0 0 rg BT 256.20 666.60 Td (The ) Tj ET Q q 0 0 0 rg BT 275.46 666.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 311.93 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 327.30 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 343.23 666.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 378.05 666.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 427.30 666.60 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.22 666.60 Td ($584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.22 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 481.93 666.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.08 666.60 Td ($482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.08 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.80 666.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 142.37 654.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.37 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 165.98 654.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.02 654.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.02 654.60 Td (, ) Tj ET Q q 0 0 0 rg BT 210.13 654.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 257.79 654.60 Td (, ) Tj ET Q q 0 0 0 rg BT 263.90 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 281.95 654.60 Td (are ) Tj ET Q q 0 0 0 rg BT 297.76 654.60 Td (included ) Tj ET Q q 0 0 0 rg BT 335.80 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 347.19 654.60 Td (Contractholder ) Tj ET Q q 0 0 0 rg BT 415.21 654.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 445.48 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 456.87 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.69 654.60 Td (accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 642.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 136.27 642.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 170.98 642.60 Td (Sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 621.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.32 621.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 162.27 621.60 Td (with ) Tj ET Q q 0 0 0 rg BT 182.04 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.25 621.60 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 246.27 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 260.47 621.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 310.24 621.60 Td (supporting ) Tj ET Q q 0 0 0 rg BT 355.00 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.21 621.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 402.31 621.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 445.94 621.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 485.15 621.60 Td (are ) Tj ET Q q 0 0 0 rg BT 499.34 621.60 Td (pledged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 609.60 Td (as ) Tj ET Q q 0 0 0 rg BT 91.56 609.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 130.98 609.60 Td (to ) Tj ET Q q 0 0 0 rg BT 140.98 609.60 Td (secure ) Tj ET Q q 0 0 0 rg BT 168.75 609.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.19 609.60 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 210.97 609.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 244.31 609.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 288.17 609.60 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 329.96 609.60 Td (The ) Tj ET Q q 0 0 0 rg BT 347.73 609.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 387.15 609.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 437.15 609.60 Td (had ) Tj ET Q q 0 0 0 rg BT 453.81 609.60 Td (a ) Tj ET Q q 0 0 0 rg BT 460.48 609.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 476.58 609.60 Td (value ) Tj ET Q q 0 0 0 rg BT 500.46 609.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.02 609.60 Td ($649) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 597.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 597.60 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 597.60 Td (524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.94 597.60 Td ( ) Tj ET Q q 0 0 0 rg BT 120.44 597.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.16 597.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 190.42 597.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.42 597.60 Td ( ) Tj ET Q q 0 0 0 rg BT 212.92 597.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.86 597.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.86 597.60 Td (, ) Tj ET Q q 0 0 0 rg BT 254.86 597.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 302.52 597.60 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.00 578.60 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 153.73 578.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.79 578.60 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 559.60 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 165.48 559.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 195.97 559.60 Td (from ) Tj ET Q q 0 0 0 rg BT 218.67 559.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 279.70 559.60 Td (remediation ) Tj ET Q q 0 0 0 rg BT 330.73 559.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 356.50 559.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 400.86 559.60 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 448.30 559.60 Td (claims, ) Tj ET Q q 0 0 0 rg BT 480.17 559.60 Td (assessments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 547.60 Td (guarantees, ) Tj ET Q q 0 0 0 rg BT 129.30 547.60 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 170.96 547.60 Td (recourse ) Tj ET Q q 0 0 0 rg BT 207.88 547.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 246.19 547.60 Td (fines, ) Tj ET Q q 0 0 0 rg BT 271.17 547.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 309.76 547.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.25 547.60 Td (other ) Tj ET Q q 0 0 0 rg BT 350.85 547.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 383.89 547.60 Td (are ) Tj ET Q q 0 0 0 rg BT 399.14 547.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 437.17 547.60 Td (when ) Tj ET Q q 0 0 0 rg BT 461.88 547.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 496.02 547.60 Td (probable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 535.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 535.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 143.75 535.60 Td (estimable.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.00 511.20 Td (Reclassifications ) Tj ET Q q 0 0 0 rg BT 165.94 511.20 Td (and ) Tj ET Q q 0 0 0 rg BT 184.00 511.20 Td (Retrospective ) Tj ET Q q 0 0 0 rg BT 241.11 511.20 Td (Adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 492.20 Td (Certain ) Tj ET Q q 0 0 0 rg BT 136.86 492.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 158.73 492.20 Td (year ) Tj ET Q q 0 0 0 rg BT 178.37 492.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 214.68 492.20 Td (have ) Tj ET Q q 0 0 0 rg BT 235.99 492.20 Td (been ) Tj ET Q q 0 0 0 rg BT 257.29 492.20 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 305.26 492.20 Td (or ) Tj ET Q q 0 0 0 rg BT 316.02 492.20 Td (combined ) Tj ET Q q 0 0 0 rg BT 357.88 492.20 Td (to ) Tj ET Q q 0 0 0 rg BT 368.09 492.20 Td (conform ) Tj ET Q q 0 0 0 rg BT 404.39 492.20 Td (to ) Tj ET Q q 0 0 0 rg BT 414.60 492.20 Td (the ) Tj ET Q q 0 0 0 rg BT 429.25 492.20 Td (current ) Tj ET Q q 0 0 0 rg BT 459.99 492.20 Td (year ) Tj ET Q q 0 0 0 rg BT 479.63 492.20 Td (presentation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 480.20 Td (These ) Tj ET Q q 0 0 0 rg BT 107.64 480.20 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 174.82 480.20 Td (and ) Tj ET Q q 0 0 0 rg BT 192.02 480.20 Td (combinations ) Tj ET Q q 0 0 0 rg BT 248.66 480.20 Td (had ) Tj ET Q q 0 0 0 rg BT 265.86 480.20 Td (no ) Tj ET Q q 0 0 0 rg BT 278.62 480.20 Td (ef) Tj ET Q q 0 0 0 rg BT 286.21 480.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 303.96 480.20 Td (on ) Tj ET Q q 0 0 0 rg BT 316.72 480.20 Td (previously ) Tj ET Q q 0 0 0 rg BT 361.70 480.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 397.77 480.20 Td (results ) Tj ET Q q 0 0 0 rg BT 426.64 480.20 Td (of ) Tj ET Q q 0 0 0 rg BT 437.73 480.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 482.15 480.20 Td (or ) Tj ET Q q 0 0 0 rg BT 493.24 480.20 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 468.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 101.27 468.20 Td (flows.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 447.20 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 133.29 447.20 Td (of ) Tj ET Q q 0 0 0 rg BT 144.12 447.20 Td (New ) Tj ET Q q 0 0 0 rg BT 164.58 447.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 214.87 447.20 Td (Pronouncements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 426.20 Td (Impr) Tj ET Q q 0 0 0 rg BT 113.07 426.20 Td (ovements ) Tj ET Q q 0 0 0 rg BT 152.78 426.20 Td (to ) Tj ET Q q 0 0 0 rg BT 163.06 426.20 Td (Employee ) Tj ET Q q 0 0 0 rg BT 204.98 426.20 Td (Shar) Tj ET Q q 0 0 0 rg BT 223.50 426.20 Td (e-Based ) Tj ET Q q 0 0 0 rg BT 258.21 426.20 Td (Payment ) Tj ET Q q 0 0 0 rg BT 295.51 426.20 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 408.20 Td (In ) Tj ET Q q 0 0 0 rg BT 113.90 408.20 Td (March ) Tj ET Q q 0 0 0 rg BT 142.06 408.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 166.63 408.20 Td (the ) Tj ET Q q 0 0 0 rg BT 180.91 408.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 219.74 408.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 268.46 408.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 309.96 408.20 Td (Board ) Tj ET Q q 0 0 0 rg BT 336.47 408.20 Td (\("F) Tj ET Q q 0 0 0 rg BT 348.70 408.20 Td (ASB"\) ) Tj ET Q q 0 0 0 rg BT 377.63 408.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 404.70 408.20 Td (amended ) Tj ET Q q 0 0 0 rg BT 442.86 408.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 481.02 408.20 Td (\(Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 122.19 396.20 Td (Update ) Tj ET Q q 0 0 0 rg BT 152.81 396.20 Td (\("ASU"\) ) Tj ET Q q 0 0 0 rg BT 189.39 396.20 Td (2016-09, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 226.97 396.20 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 286.50 396.20 Td (- ) Tj ET Q q 0 0 0 rg BT 291.58 396.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 314.98 396.20 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 374.51 396.20 Td (\(T) Tj ET Q q 0 0 0 rg BT 382.49 396.20 Td (opic ) Tj ET Q q 0 0 0 rg BT 401.45 396.20 Td (718\), ) Tj ET Q q 0 0 0 rg BT 424.03 396.20 Td (Impr) Tj ET Q q 0 0 0 rg BT 443.10 396.20 Td (ovements ) Tj ET Q q 0 0 0 rg BT 482.06 396.20 Td (to ) Tj ET Q q 0 0 0 rg BT 491.59 396.20 Td (Employee ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 384.20 Td (Shar) Tj ET Q q 0 0 0 rg BT 99.52 384.20 Td (e-Based ) Tj ET Q q 0 0 0 rg BT 133.10 384.20 Td (Payment ) Tj ET Q q 0 0 0 rg BT 169.35 384.20 Td (Accounting\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.22 384.20 Td (, ) Tj ET Q q 0 0 0 rg BT 222.09 384.20 Td (ef) Tj ET Q q 0 0 0 rg BT 229.68 384.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 258.25 384.20 Td (for ) Tj ET Q q 0 0 0 rg BT 271.28 384.20 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 294.30 384.20 Td (years ) Tj ET Q q 0 0 0 rg BT 316.77 384.20 Td (beginning ) Tj ET Q q 0 0 0 rg BT 358.13 384.20 Td (after ) Tj ET Q q 0 0 0 rg BT 377.82 384.20 Td (December ) Tj ET Q q 0 0 0 rg BT 420.27 384.20 Td (15, ) Tj ET Q q 0 0 0 rg BT 434.14 384.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 455.51 384.20 Td (and ) Tj ET Q q 0 0 0 rg BT 471.32 384.20 Td (interim ) Tj ET Q q 0 0 0 rg BT 501.57 384.20 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 372.20 Td (within ) Tj ET Q q 0 0 0 rg BT 108.91 372.20 Td (those ) Tj ET Q q 0 0 0 rg BT 132.37 372.20 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 156.37 372.20 Td (years. ) Tj ET Q q 0 0 0 rg BT 182.32 372.20 Td ( ) Tj ET Q q 0 0 0 rg BT 184.15 372.20 Td (ASU ) Tj ET Q q 0 0 0 rg BT 206.51 372.20 Td (2016-09 ) Tj ET Q q 0 0 0 rg BT 242.19 372.20 Td (simplifies ) Tj ET Q q 0 0 0 rg BT 283.98 372.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 313.53 372.20 Td (aspects ) Tj ET Q q 0 0 0 rg BT 344.76 372.20 Td (of ) Tj ET Q q 0 0 0 rg BT 355.44 372.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 401.66 372.20 Td (for ) Tj ET Q q 0 0 0 rg BT 415.67 372.20 Td (share-based ) Tj ET Q q 0 0 0 rg BT 465.22 372.20 Td (awards ) Tj ET Q q 0 0 0 rg BT 495.89 372.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 523.24 372.20 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.20 Td (employees, ) Tj ET Q q 0 0 0 rg BT 129.27 360.20 Td (including ) Tj ET Q q 0 0 0 rg BT 170.04 360.20 Td (income ) Tj ET Q q 0 0 0 rg BT 202.48 360.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 226.03 360.20 Td (consequences, ) Tj ET Q q 0 0 0 rg BT 286.51 360.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 307.28 360.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 328.61 360.20 Td (presentations ) Tj ET Q q 0 0 0 rg BT 384.38 360.20 Td (of ) Tj ET Q q 0 0 0 rg BT 395.71 360.20 Td (excess ) Tj ET Q q 0 0 0 rg BT 424.81 360.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 440.03 360.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 474.69 360.20 Td (and ) Tj ET Q q 0 0 0 rg BT 492.13 360.20 Td (employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 348.20 Td (withheld ) Tj ET Q q 0 0 0 rg BT 118.50 348.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 141.54 348.20 Td (paid, ) Tj ET Q q 0 0 0 rg BT 163.76 348.20 Td (and ) Tj ET Q q 0 0 0 rg BT 180.70 348.20 Td (an ) Tj ET Q q 0 0 0 rg BT 192.64 348.20 Td (entity ) Tj ET Q q 0 0 0 rg BT 217.91 348.20 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 258.16 348.20 Td (policy ) Tj ET Q q 0 0 0 rg BT 285.66 348.20 Td (election.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 330.20 Td (The ) Tj ET Q q 0 0 0 rg BT 120.84 330.20 Td (amendments ) Tj ET Q q 0 0 0 rg BT 173.18 330.20 Td (in ) Tj ET Q q 0 0 0 rg BT 182.75 330.20 Td (this ) Tj ET Q q 0 0 0 rg BT 198.59 330.20 Td (ASU ) Tj ET Q q 0 0 0 rg BT 220.39 330.20 Td (may ) Tj ET Q q 0 0 0 rg BT 239.40 330.20 Td (be ) Tj ET Q q 0 0 0 rg BT 250.63 330.20 Td (early ) Tj ET Q q 0 0 0 rg BT 272.41 330.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 305.86 330.20 Td (during ) Tj ET Q q 0 0 0 rg BT 333.76 330.20 Td (any ) Tj ET Q q 0 0 0 rg BT 350.00 330.20 Td (interim ) Tj ET Q q 0 0 0 rg BT 380.67 330.20 Td (or ) Tj ET Q q 0 0 0 rg BT 390.79 330.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 419.24 330.20 Td (period. ) Tj ET Q q 0 0 0 rg BT 448.69 330.20 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 503.81 330.20 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 318.20 Td (to ) Tj ET Q q 0 0 0 rg BT 90.53 318.20 Td (timing ) Tj ET Q q 0 0 0 rg BT 118.40 318.20 Td (of ) Tj ET Q q 0 0 0 rg BT 128.49 318.20 Td (when ) Tj ET Q q 0 0 0 rg BT 151.90 318.20 Td (excess ) Tj ET Q q 0 0 0 rg BT 179.76 318.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.73 318.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 227.14 318.20 Td (are ) Tj ET Q q 0 0 0 rg BT 241.10 318.20 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 289.22 318.20 Td (minimum ) Tj ET Q q 0 0 0 rg BT 329.87 318.20 Td (statutory ) Tj ET Q q 0 0 0 rg BT 366.62 318.20 Td (withholding ) Tj ET Q q 0 0 0 rg BT 416.71 318.20 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 473.17 318.20 Td (and ) Tj ET Q q 0 0 0 rg BT 489.36 318.20 Td (forfeitures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 306.20 Td (should ) Tj ET Q q 0 0 0 rg BT 109.84 306.20 Td (be ) Tj ET Q q 0 0 0 rg BT 121.45 306.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 153.05 306.20 Td (using ) Tj ET Q q 0 0 0 rg BT 176.89 306.20 Td (a ) Tj ET Q q 0 0 0 rg BT 183.50 306.20 Td (modified ) Tj ET Q q 0 0 0 rg BT 221.77 306.20 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 275.58 306.20 Td (transition ) Tj ET Q q 0 0 0 rg BT 315.52 306.20 Td (method ) Tj ET Q q 0 0 0 rg BT 347.69 306.20 Td (by ) Tj ET Q q 0 0 0 rg BT 359.86 306.20 Td (means ) Tj ET Q q 0 0 0 rg BT 387.57 306.20 Td (of ) Tj ET Q q 0 0 0 rg BT 398.07 306.20 Td (a ) Tj ET Q q 0 0 0 rg BT 404.68 306.20 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 460.03 306.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 477.18 306.20 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 523.23 306.20 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 294.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 108.21 294.20 Td (as ) Tj ET Q q 0 0 0 rg BT 118.75 294.20 Td (of ) Tj ET Q q 0 0 0 rg BT 129.29 294.20 Td (the ) Tj ET Q q 0 0 0 rg BT 143.72 294.20 Td (beginning ) Tj ET Q q 0 0 0 rg BT 185.92 294.20 Td (of ) Tj ET Q q 0 0 0 rg BT 196.46 294.20 Td (the ) Tj ET Q q 0 0 0 rg BT 210.89 294.20 Td (period ) Tj ET Q q 0 0 0 rg BT 238.65 294.20 Td (in ) Tj ET Q q 0 0 0 rg BT 248.64 294.20 Td (which ) Tj ET Q q 0 0 0 rg BT 275.29 294.20 Td (the ) Tj ET Q q 0 0 0 rg BT 289.71 294.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 328.02 294.20 Td (is ) Tj ET Q q 0 0 0 rg BT 336.90 294.20 Td (adopted. ) Tj ET Q q 0 0 0 rg BT 372.78 294.20 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 428.31 294.20 Td (related ) Tj ET Q q 0 0 0 rg BT 457.73 294.20 Td (to ) Tj ET Q q 0 0 0 rg BT 467.72 294.20 Td (the ) Tj ET Q q 0 0 0 rg BT 482.14 294.20 Td (presentation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 282.20 Td (of ) Tj ET Q q 0 0 0 rg BT 91.81 282.20 Td (employee ) Tj ET Q q 0 0 0 rg BT 133.15 282.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 156.18 282.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 175.87 282.20 Td (on ) Tj ET Q q 0 0 0 rg BT 188.34 282.20 Td (the ) Tj ET Q q 0 0 0 rg BT 203.04 282.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 243.83 282.20 Td (of ) Tj ET Q q 0 0 0 rg BT 254.64 282.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 274.88 282.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 299.58 282.20 Td (when ) Tj ET Q q 0 0 0 rg BT 323.71 282.20 Td (an ) Tj ET Q q 0 0 0 rg BT 335.63 282.20 Td (employer ) Tj ET Q q 0 0 0 rg BT 375.87 282.20 Td (withholds ) Tj ET Q q 0 0 0 rg BT 417.79 282.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 445.26 282.20 Td (to ) Tj ET Q q 0 0 0 rg BT 455.51 282.20 Td (meet ) Tj ET Q q 0 0 0 rg BT 477.42 282.20 Td (the ) Tj ET Q q 0 0 0 rg BT 492.11 282.20 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 270.20 Td (statutory ) Tj ET Q q 0 0 0 rg BT 118.00 270.20 Td (withholding ) Tj ET Q q 0 0 0 rg BT 168.34 270.20 Td (requirement ) Tj ET Q q 0 0 0 rg BT 218.65 270.20 Td (should ) Tj ET Q q 0 0 0 rg BT 247.33 270.20 Td (be ) Tj ET Q q 0 0 0 rg BT 258.77 270.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 290.21 270.20 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 348.98 270.20 Td (. ) Tj ET Q q 0 0 0 rg BT 353.04 270.20 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 408.37 270.20 Td (requiring ) Tj ET Q q 0 0 0 rg BT 447.03 270.20 Td (recognition ) Tj ET Q q 0 0 0 rg BT 494.58 270.20 Td (of ) Tj ET Q q 0 0 0 rg BT 504.91 270.20 Td (excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 258.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.19 258.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 128.82 258.20 Td (and ) Tj ET Q q 0 0 0 rg BT 145.23 258.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 159.41 258.20 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 209.13 258.20 Td (in ) Tj ET Q q 0 0 0 rg BT 218.88 258.20 Td (the ) Tj ET Q q 0 0 0 rg BT 233.07 258.20 Td (income ) Tj ET Q q 0 0 0 rg BT 264.48 258.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 304.77 258.20 Td (should ) Tj ET Q q 0 0 0 rg BT 333.41 258.20 Td (be ) Tj ET Q q 0 0 0 rg BT 344.82 258.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 376.23 258.20 Td (prospectively) Tj ET Q q 0 0 0 rg BT 429.45 258.20 Td (. ) Tj ET Q q 0 0 0 rg BT 433.78 258.20 Td (The ) Tj ET Q q 0 0 0 rg BT 451.30 258.20 Td (amendments ) Tj ET Q q 0 0 0 rg BT 503.81 258.20 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 246.20 Td (to ) Tj ET Q q 0 0 0 rg BT 91.04 246.20 Td (the ) Tj ET Q q 0 0 0 rg BT 105.51 246.20 Td (presentation ) Tj ET Q q 0 0 0 rg BT 156.65 246.20 Td (of ) Tj ET Q q 0 0 0 rg BT 167.24 246.20 Td (excess ) Tj ET Q q 0 0 0 rg BT 195.59 246.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 210.07 246.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 243.99 246.20 Td (on ) Tj ET Q q 0 0 0 rg BT 256.25 246.20 Td (the ) Tj ET Q q 0 0 0 rg BT 270.72 246.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 311.30 246.20 Td (of ) Tj ET Q q 0 0 0 rg BT 321.89 246.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 341.92 246.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 366.40 246.20 Td (may ) Tj ET Q q 0 0 0 rg BT 385.88 246.20 Td (be ) Tj ET Q q 0 0 0 rg BT 397.58 246.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 429.27 246.20 Td (using ) Tj ET Q q 0 0 0 rg BT 453.20 246.20 Td (either ) Tj ET Q q 0 0 0 rg BT 478.22 246.20 Td (a ) Tj ET Q q 0 0 0 rg BT 484.92 246.20 Td (prospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 234.20 Td (transition ) Tj ET Q q 0 0 0 rg BT 120.49 234.20 Td (method ) Tj ET Q q 0 0 0 rg BT 152.21 234.20 Td (or ) Tj ET Q q 0 0 0 rg BT 162.25 234.20 Td (a ) Tj ET Q q 0 0 0 rg BT 168.41 234.20 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 221.77 234.20 Td (transition ) Tj ET Q q 0 0 0 rg BT 261.26 234.20 Td (method. ) Tj ET Q q 0 0 0 rg BT 295.35 234.20 Td (The ) Tj ET Q q 0 0 0 rg BT 312.62 234.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 353.22 234.20 Td (early ) Tj ET Q q 0 0 0 rg BT 374.93 234.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 408.30 234.20 Td (this ) Tj ET Q q 0 0 0 rg BT 424.47 234.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 462.28 234.20 Td (ef) Tj ET Q q 0 0 0 rg BT 469.87 234.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 498.79 234.20 Td (October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 222.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 90.93 222.20 Td (2015. ) Tj ET Q q 0 0 0 rg BT 115.68 222.20 Td (The ) Tj ET Q q 0 0 0 rg BT 133.65 222.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 174.96 222.20 Td (elected ) Tj ET Q q 0 0 0 rg BT 205.70 222.20 Td (to ) Tj ET Q q 0 0 0 rg BT 215.90 222.20 Td (account ) Tj ET Q q 0 0 0 rg BT 249.42 222.20 Td (for ) Tj ET Q q 0 0 0 rg BT 263.51 222.20 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 307.58 222.20 Td (as ) Tj ET Q q 0 0 0 rg BT 318.33 222.20 Td (they ) Tj ET Q q 0 0 0 rg BT 337.98 222.20 Td (occur ) Tj ET Q q 0 0 0 rg BT 362.61 222.20 Td (and ) Tj ET Q q 0 0 0 rg BT 379.47 222.20 Td (to ) Tj ET Q q 0 0 0 rg BT 389.68 222.20 Td (use ) Tj ET Q q 0 0 0 rg BT 405.43 222.20 Td (a ) Tj ET Q q 0 0 0 rg BT 412.30 222.20 Td (prospective ) Tj ET Q q 0 0 0 rg BT 460.82 222.20 Td (transition ) Tj ET Q q 0 0 0 rg BT 501.02 222.20 Td (method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 210.20 Td (for ) Tj ET Q q 0 0 0 rg BT 95.32 210.20 Td (the ) Tj ET Q q 0 0 0 rg BT 110.20 210.20 Td (presentation ) Tj ET Q q 0 0 0 rg BT 161.74 210.20 Td (of ) Tj ET Q q 0 0 0 rg BT 172.73 210.20 Td (excess ) Tj ET Q q 0 0 0 rg BT 201.50 210.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 216.38 210.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 250.69 210.20 Td (on ) Tj ET Q q 0 0 0 rg BT 263.36 210.20 Td (the ) Tj ET Q q 0 0 0 rg BT 278.24 210.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 319.22 210.20 Td (of ) Tj ET Q q 0 0 0 rg BT 330.22 210.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 350.65 210.20 Td (flows. ) Tj ET Q q 0 0 0 rg BT 377.84 210.20 Td (The ) Tj ET Q q 0 0 0 rg BT 396.05 210.20 Td (adoption ) Tj ET Q q 0 0 0 rg BT 433.71 210.20 Td (of ) Tj ET Q q 0 0 0 rg BT 444.12 210.20 Td (ASU ) Tj ET Q q 0 0 0 rg BT 466.78 210.20 Td (2016-09 ) Tj ET Q q 0 0 0 rg BT 502.78 210.20 Td (did ) Tj ET Q q 0 0 0 rg BT 518.22 210.20 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 198.20 Td (have ) Tj ET Q q 0 0 0 rg BT 102.38 198.20 Td (a ) Tj ET Q q 0 0 0 rg BT 109.32 198.20 Td (material ) Tj ET Q q 0 0 0 rg BT 144.57 198.20 Td (ef) Tj ET Q q 0 0 0 rg BT 152.16 198.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 169.65 198.20 Td (on ) Tj ET Q q 0 0 0 rg BT 182.15 198.20 Td (the ) Tj ET Q q 0 0 0 rg BT 196.86 198.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 243.94 198.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 281.42 198.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 326.14 198.20 Td (and ) Tj ET Q q 0 0 0 rg BT 343.08 198.20 Td (related ) Tj ET Q q 0 0 0 rg BT 372.78 198.20 Td (disclosures.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 177.20 Td (Future ) Tj ET Q q 0 0 0 rg BT 124.03 177.20 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 164.32 177.20 Td (of ) Tj ET Q q 0 0 0 rg BT 174.78 177.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 225.07 177.20 Td (Pronouncements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 150.80 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 129.36 150.80 Td (fr) Tj ET Q q 0 0 0 rg BT 135.66 150.80 Td (om ) Tj ET Q q 0 0 0 rg BT 150.38 150.80 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 192.33 150.80 Td (with ) Tj ET Q q 0 0 0 rg BT 212.06 150.80 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 131.80 Td (In ) Tj ET Q q 0 0 0 rg BT 112.65 131.80 Td (May ) Tj ET Q q 0 0 0 rg BT 132.29 131.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 156.11 131.80 Td (the ) Tj ET Q q 0 0 0 rg BT 169.64 131.80 Td (F) Tj ET Q q 0 0 0 rg BT 174.46 131.80 Td (ASB ) Tj ET Q q 0 0 0 rg BT 195.23 131.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 221.54 131.80 Td (new ) Tj ET Q q 0 0 0 rg BT 239.52 131.80 Td (guidance ) Tj ET Q q 0 0 0 rg BT 276.93 131.80 Td (on ) Tj ET Q q 0 0 0 rg BT 288.25 131.80 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 324.55 131.80 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 374.75 131.80 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 399.40 131.80 Td (2014-09, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.54 131.80 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 471.72 131.80 Td (fr) Tj ET Q q 0 0 0 rg BT 478.02 131.80 Td (om ) Tj ET Q q 0 0 0 rg BT 491.56 131.80 Td (Contracts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 119.80 Td (with ) Tj ET Q q 0 0 0 rg BT 101.35 119.80 Td (Customers ) Tj ET Q q 0 0 0 rg BT 147.25 119.80 Td (\(T) Tj ET Q q 0 0 0 rg BT 155.22 119.80 Td (opic ) Tj ET Q q 0 0 0 rg BT 175.56 119.80 Td (606\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.89 119.80 Td (\), ) Tj ET Q q 0 0 0 rg BT 202.84 119.80 Td (ef) Tj ET Q q 0 0 0 rg BT 210.42 119.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 240.75 119.80 Td (for ) Tj ET Q q 0 0 0 rg BT 255.53 119.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 280.30 119.80 Td (years ) Tj ET Q q 0 0 0 rg BT 304.52 119.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 347.63 119.80 Td (after ) Tj ET Q q 0 0 0 rg BT 369.07 119.80 Td (December ) Tj ET Q q 0 0 0 rg BT 413.27 119.80 Td (15, ) Tj ET Q q 0 0 0 rg BT 428.89 119.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 452.01 119.80 Td (and ) Tj ET Q q 0 0 0 rg BT 469.57 119.80 Td (interim ) Tj ET Q q 0 0 0 rg BT 501.57 119.80 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 107.80 Td (within ) Tj ET Q q 0 0 0 rg BT 108.21 107.80 Td (those ) Tj ET Q q 0 0 0 rg BT 130.96 107.80 Td (years. ) Tj ET Q q 0 0 0 rg BT 156.21 107.80 Td (In ) Tj ET Q q 0 0 0 rg BT 165.83 107.80 Td (August ) Tj ET Q q 0 0 0 rg BT 196.37 107.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 220.52 107.80 Td (the ) Tj ET Q q 0 0 0 rg BT 234.38 107.80 Td (F) Tj ET Q q 0 0 0 rg BT 239.20 107.80 Td (ASB ) Tj ET Q q 0 0 0 rg BT 260.31 107.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 286.59 107.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 308.25 107.80 Td (2015-14, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.72 107.80 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 381.24 107.80 Td (fr) Tj ET Q q 0 0 0 rg BT 387.54 107.80 Td (om ) Tj ET Q q 0 0 0 rg BT 401.41 107.80 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 442.50 107.80 Td (with ) Tj ET Q q 0 0 0 rg BT 461.38 107.80 Td (Customers ) Tj ET Q q 0 0 0 rg BT 505.81 107.80 Td (\(T) Tj ET Q q 0 0 0 rg BT 513.79 107.80 Td (opic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 95.80 Td (606\) ) Tj ET Q q 0 0 0 rg BT 101.53 95.80 Td (- ) Tj ET Q q 0 0 0 rg BT 107.05 95.80 Td (Deferral ) Tj ET Q q 0 0 0 rg BT 143.69 95.80 Td (of ) Tj ET Q q 0 0 0 rg BT 153.66 95.80 Td (the ) Tj ET Q q 0 0 0 rg BT 168.08 95.80 Td (Effective ) Tj ET Q q 0 0 0 rg BT 205.25 95.80 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.69 95.80 Td (, ) Tj ET Q q 0 0 0 rg BT 229.38 95.80 Td (which ) Tj ET Q q 0 0 0 rg BT 256.02 95.80 Td (defers ) Tj ET Q q 0 0 0 rg BT 282.64 95.80 Td (the ) Tj ET Q q 0 0 0 rg BT 297.05 95.80 Td (ef) Tj ET Q q 0 0 0 rg BT 304.64 95.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 334.04 95.80 Td (date ) Tj ET Q q 0 0 0 rg BT 352.89 95.80 Td (of ) Tj ET Q q 0 0 0 rg BT 362.93 95.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 385.14 95.80 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 420.66 95.80 Td (by ) Tj ET Q q 0 0 0 rg BT 432.86 95.80 Td (one ) Tj ET Q q 0 0 0 rg BT 449.49 95.80 Td (year) Tj ET Q q 0 0 0 rg BT 466.15 95.80 Td (. ) Tj ET Q q 0 0 0 rg BT 470.69 95.80 Td (The ) Tj ET Q q 0 0 0 rg BT 488.43 95.80 Td (F) Tj ET Q q 0 0 0 rg BT 493.25 95.80 Td (ASB ) Tj ET Q q 0 0 0 rg BT 514.90 95.80 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 83.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 108.50 83.80 Td (the ) Tj ET Q q 0 0 0 rg BT 123.22 83.80 Td (following ) Tj ET Q q 0 0 0 rg BT 164.05 83.80 Td (ASUs ) Tj ET Q q 0 0 0 rg BT 190.45 83.80 Td (which ) Tj ET Q q 0 0 0 rg BT 217.39 83.80 Td (clarify ) Tj ET Q q 0 0 0 rg BT 245.98 83.80 Td (the ) Tj ET Q q 0 0 0 rg BT 260.70 83.80 Td (guidance ) Tj ET Q q 0 0 0 rg BT 299.29 83.80 Td (in ) Tj ET Q q 0 0 0 rg BT 309.02 83.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 331.52 83.80 Td (2014-09:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 65.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 65.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 142.51 65.80 Td (2016-08 ) Tj ET Q q 0 0 0 rg BT 181.34 65.80 Td (- ) Tj ET Q q 0 0 0 rg BT 190.17 65.80 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 230.66 65.80 Td (from ) Tj ET Q q 0 0 0 rg BT 255.60 65.80 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 299.43 65.80 Td (with ) Tj ET Q q 0 0 0 rg BT 322.71 65.80 Td (Customers ) Tj ET Q q 0 0 0 rg BT 370.99 65.80 Td (\(T) Tj ET Q q 0 0 0 rg BT 379.73 65.80 Td (opic ) Tj ET Q q 0 0 0 rg BT 402.45 65.80 Td (606\) ) Tj ET Q q 0 0 0 rg BT 426.28 65.80 Td (- ) Tj ET Q q 0 0 0 rg BT 435.11 65.80 Td (Principal ) Tj ET Q q 0 0 0 rg BT 476.72 65.80 Td (versus ) Tj ET Q q 0 0 0 rg BT 506.56 65.80 Td (Agent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 53.80 Td (Considerations ) Tj ET Q q 0 0 0 rg BT 165.50 53.80 Td (\(Reporting ) Tj ET Q q 0 0 0 rg BT 211.32 53.80 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 248.81 53.80 Td (Gross ) Tj ET Q q 0 0 0 rg BT 274.64 53.80 Td (versus ) Tj ET Q q 0 0 0 rg BT 302.69 53.80 Td (Net\) ) Tj ET Q q 0 0 0 rg BT 322.96 53.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 350.46 53.80 Td (in ) Tj ET Q q 0 0 0 rg BT 360.74 53.80 Td (March ) Tj ET Q q 0 0 0 rg BT 389.34 53.80 Td (2016) Tj ET Q endstream endobj 241 0 obj <>] /Rotate 0 /Contents 242 0 R>> endobj 242 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 735.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 735.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 142.08 735.60 Td (2016-10 ) Tj ET Q q 0 0 0 rg BT 180.48 735.60 Td (- ) Tj ET Q q 0 0 0 rg BT 188.89 735.60 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 228.95 735.60 Td (from ) Tj ET Q q 0 0 0 rg BT 253.46 735.60 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 296.86 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 319.72 735.60 Td (Customers ) Tj ET Q q 0 0 0 rg BT 367.57 735.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 376.31 735.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 398.60 735.60 Td (606\) ) Tj ET Q q 0 0 0 rg BT 422.00 735.60 Td (- ) Tj ET Q q 0 0 0 rg BT 430.41 735.60 Td (Identifying ) Tj ET Q q 0 0 0 rg BT 479.92 735.60 Td (Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 723.60 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 152.17 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 169.10 723.60 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 211.04 723.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 238.54 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 248.26 723.60 Td (April ) Tj ET Q q 0 0 0 rg BT 271.87 723.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 711.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 711.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 139.13 711.60 Td (2016-1) Tj ET Q q 0 0 0 rg BT 167.09 711.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 174.21 711.60 Td (- ) Tj ET Q q 0 0 0 rg BT 179.67 711.60 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 216.78 711.60 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 267.79 711.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 276.53 711.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 295.87 711.60 Td (605\) ) Tj ET Q q 0 0 0 rg BT 316.33 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.89 711.60 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 381.11 711.60 Td (and ) Tj ET Q q 0 0 0 rg BT 397.67 711.60 Td (Hedging ) Tj ET Q q 0 0 0 rg BT 434.24 711.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 442.98 711.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 462.32 711.60 Td (815\) ) Tj ET Q q 0 0 0 rg BT 482.78 711.60 Td (- ) Tj ET Q q 0 0 0 rg BT 488.23 711.60 Td (Rescission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.98 699.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 138.96 699.60 Td (Guidance ) Tj ET Q q 0 0 0 rg BT 181.92 699.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 219.88 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 231.84 699.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 283.14 699.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 327.22 699.60 Td (Updates ) Tj ET Q q 0 0 0 rg BT 364.64 699.60 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 402.61 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 421.70 699.60 Td (2014-16 ) Tj ET Q q 0 0 0 rg BT 459.67 699.60 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 499.32 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.74 699.60 Td (Staf) Tj ET Q q 0 0 0 rg BT 527.67 699.60 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 687.60 Td (Announcements ) Tj ET Q q 0 0 0 rg BT 170.49 687.60 Td (at ) Tj ET Q q 0 0 0 rg BT 180.20 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.92 687.60 Td (March ) Tj ET Q q 0 0 0 rg BT 223.52 687.60 Td (3, ) Tj ET Q q 0 0 0 rg BT 233.52 687.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 256.02 687.60 Td (EITF ) Tj ET Q q 0 0 0 rg BT 279.63 687.60 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 315.45 687.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 342.95 687.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.23 687.60 Td (May ) Tj ET Q q 0 0 0 rg BT 374.06 687.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 675.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 675.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 139.00 675.60 Td (2016-12 ) Tj ET Q q 0 0 0 rg BT 174.32 675.60 Td (- ) Tj ET Q q 0 0 0 rg BT 179.64 675.60 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 216.62 675.60 Td (from ) Tj ET Q q 0 0 0 rg BT 238.05 675.60 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 278.37 675.60 Td (with ) Tj ET Q q 0 0 0 rg BT 298.14 675.60 Td (Customers ) Tj ET Q q 0 0 0 rg BT 342.91 675.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 351.65 675.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 370.86 675.60 Td (606\) ) Tj ET Q q 0 0 0 rg BT 391.18 675.60 Td (- ) Tj ET Q q 0 0 0 rg BT 396.50 675.60 Td (Narrow-Scope ) Tj ET Q q 0 0 0 rg BT 456.80 675.60 Td (Improvements ) Tj ET Q q 0 0 0 rg BT 516.56 675.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 663.60 Td (Practical ) Tj ET Q q 0 0 0 rg BT 140.48 663.60 Td (Expedients ) Tj ET Q q 0 0 0 rg BT 187.41 663.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 214.91 663.60 Td (in ) Tj ET Q q 0 0 0 rg BT 225.19 663.60 Td (May ) Tj ET Q q 0 0 0 rg BT 246.02 663.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 644.60 Td (The ) Tj ET Q q 0 0 0 rg BT 121.85 644.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 161.25 644.60 Td (in ) Tj ET Q q 0 0 0 rg BT 171.60 644.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 194.91 644.60 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 231.54 644.60 Td (and ) Tj ET Q q 0 0 0 rg BT 249.28 644.60 Td (the ) Tj ET Q q 0 0 0 rg BT 264.80 644.60 Td (related ) Tj ET Q q 0 0 0 rg BT 294.58 644.60 Td (ASUs ) Tj ET Q q 0 0 0 rg BT 321.78 644.60 Td (supersedes ) Tj ET Q q 0 0 0 rg BT 368.40 644.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.92 644.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 418.87 644.60 Td (recognition ) Tj ET Q q 0 0 0 rg BT 467.72 644.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 523.22 644.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 632.60 Td (T) Tj ET Q q 0 0 0 rg BT 86.41 632.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 105.87 632.60 Td (605, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 125.61 632.60 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 161.71 632.60 Td (Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.03 632.60 Td (, ) Tj ET Q q 0 0 0 rg BT 214.77 632.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.45 632.60 Td (most ) Tj ET Q q 0 0 0 rg BT 253.14 632.60 Td (industry-specific ) Tj ET Q q 0 0 0 rg BT 322.59 632.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 360.92 632.60 Td (unless ) Tj ET Q q 0 0 0 rg BT 388.16 632.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.62 632.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 440.96 632.60 Td (are ) Tj ET Q q 0 0 0 rg BT 455.40 632.60 Td (within ) Tj ET Q q 0 0 0 rg BT 483.20 632.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.66 632.60 Td (scope ) Tj ET Q q 0 0 0 rg BT 522.67 632.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.60 Td (other ) Tj ET Q q 0 0 0 rg BT 104.05 620.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 144.33 620.60 Td (\(for ) Tj ET Q q 0 0 0 rg BT 161.82 620.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 200.70 620.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 238.19 620.60 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 289.86 620.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 330.68 620.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 369.28 620.60 Td (or ) Tj ET Q q 0 0 0 rg BT 380.12 620.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 402.61 620.60 Td (contracts\). ) Tj ET Q q 0 0 0 rg BT 446.86 620.60 Td (The ) Tj ET Q q 0 0 0 rg BT 464.91 620.60 Td (core ) Tj ET Q q 0 0 0 rg BT 484.63 620.60 Td (principle ) Tj ET Q q 0 0 0 rg BT 522.68 620.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.43 608.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 135.75 608.60 Td (is ) Tj ET Q q 0 0 0 rg BT 145.63 608.60 Td (that ) Tj ET Q q 0 0 0 rg BT 163.85 608.60 Td (an ) Tj ET Q q 0 0 0 rg BT 176.50 608.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 202.49 608.60 Td (should ) Tj ET Q q 0 0 0 rg BT 232.38 608.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 274.46 608.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 309.33 608.60 Td (to ) Tj ET Q q 0 0 0 rg BT 320.32 608.60 Td (depict ) Tj ET Q q 0 0 0 rg BT 347.97 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.41 608.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 397.16 608.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.71 608.60 Td (promised ) Tj ET Q q 0 0 0 rg BT 449.14 608.60 Td (goods ) Tj ET Q q 0 0 0 rg BT 476.25 608.60 Td (or ) Tj ET Q q 0 0 0 rg BT 487.80 608.60 Td (services ) Tj ET Q q 0 0 0 rg BT 523.23 608.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 596.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 124.33 596.60 Td (in ) Tj ET Q q 0 0 0 rg BT 134.90 596.60 Td (an ) Tj ET Q q 0 0 0 rg BT 147.12 596.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 179.90 596.60 Td (that ) Tj ET Q q 0 0 0 rg BT 197.68 596.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 229.89 596.60 Td (the ) Tj ET Q q 0 0 0 rg BT 244.89 596.60 Td (consideration ) Tj ET Q q 0 0 0 rg BT 301.55 596.60 Td (to ) Tj ET Q q 0 0 0 rg BT 312.12 596.60 Td (which ) Tj ET Q q 0 0 0 rg BT 339.34 596.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.34 596.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 379.90 596.60 Td (expects ) Tj ET Q q 0 0 0 rg BT 412.67 596.60 Td (to ) Tj ET Q q 0 0 0 rg BT 423.24 596.60 Td (be ) Tj ET Q q 0 0 0 rg BT 435.46 596.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 468.24 596.60 Td (in ) Tj ET Q q 0 0 0 rg BT 478.80 596.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 519.34 596.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 584.60 Td (those ) Tj ET Q q 0 0 0 rg BT 104.61 584.60 Td (goods ) Tj ET Q q 0 0 0 rg BT 131.00 584.60 Td (or ) Tj ET Q q 0 0 0 rg BT 141.83 584.60 Td (services. ) Tj ET Q q 0 0 0 rg BT 178.86 584.60 Td (The ) Tj ET Q q 0 0 0 rg BT 196.90 584.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 235.50 584.60 Td (establishes ) Tj ET Q q 0 0 0 rg BT 281.32 584.60 Td (a ) Tj ET Q q 0 0 0 rg BT 288.26 584.60 Td (five-step ) Tj ET Q q 0 0 0 rg BT 325.75 584.60 Td (process ) Tj ET Q q 0 0 0 rg BT 358.24 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.51 584.60 Td (achieve ) Tj ET Q q 0 0 0 rg BT 401.55 584.60 Td (this ) Tj ET Q q 0 0 0 rg BT 418.50 584.60 Td (core ) Tj ET Q q 0 0 0 rg BT 438.20 584.60 Td (principle.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 565.60 Td (These ) Tj ET Q q 0 0 0 rg BT 129.98 565.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 170.86 565.60 Td (may ) Tj ET Q q 0 0 0 rg BT 191.19 565.60 Td (be ) Tj ET Q q 0 0 0 rg BT 203.73 565.60 Td (early ) Tj ET Q q 0 0 0 rg BT 226.83 565.60 Td (adopted. ) Tj ET Q q 0 0 0 rg BT 264.09 565.60 Td ( ) Tj ET Q q 0 0 0 rg BT 266.97 565.60 Td (The ) Tj ET Q q 0 0 0 rg BT 285.63 565.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 339.28 565.60 Td (should ) Tj ET Q q 0 0 0 rg BT 369.05 565.60 Td (be ) Tj ET Q q 0 0 0 rg BT 381.60 565.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 414.14 565.60 Td (using ) Tj ET Q q 0 0 0 rg BT 438.92 565.60 Td (either ) Tj ET Q q 0 0 0 rg BT 464.79 565.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.23 565.60 Td (two ) Tj ET Q q 0 0 0 rg BT 494.34 565.60 Td (methods: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 553.60 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 135.33 553.60 Td (to ) Tj ET Q q 0 0 0 rg BT 145.80 553.60 Td (each ) Tj ET Q q 0 0 0 rg BT 166.81 553.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 188.94 553.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 228.29 553.60 Td (period ) Tj ET Q q 0 0 0 rg BT 256.53 553.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 297.53 553.60 Td (with ) Tj ET Q q 0 0 0 rg BT 318.00 553.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 347.90 553.60 Td (practical ) Tj ET Q q 0 0 0 rg BT 385.01 553.60 Td (expedients, ) Tj ET Q q 0 0 0 rg BT 432.96 553.60 Td (or ) Tj ET Q q 0 0 0 rg BT 443.99 553.60 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 498.32 553.60 Td (with ) Tj ET Q q 0 0 0 rg BT 518.79 553.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 541.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 128.60 541.60 Td (ef) Tj ET Q q 0 0 0 rg BT 136.19 541.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 154.34 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.85 541.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 192.35 541.60 Td (application ) Tj ET Q q 0 0 0 rg BT 239.95 541.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 286.98 541.60 Td (at ) Tj ET Q q 0 0 0 rg BT 297.37 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.76 541.60 Td (date ) Tj ET Q q 0 0 0 rg BT 332.58 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 344.09 541.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 370.59 541.60 Td (application ) Tj ET Q q 0 0 0 rg BT 418.19 541.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 449.68 541.60 Td (to ) Tj ET Q q 0 0 0 rg BT 460.63 541.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 491.01 541.60 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 529.60 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 130.28 529.60 Td ( ) Tj ET Q q 0 0 0 rg BT 132.45 529.60 Td (The ) Tj ET Q q 0 0 0 rg BT 150.34 529.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.56 529.60 Td (will ) Tj ET Q q 0 0 0 rg BT 209.46 529.60 Td (not ) Tj ET Q q 0 0 0 rg BT 224.58 529.60 Td (early ) Tj ET Q q 0 0 0 rg BT 246.91 529.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 271.46 529.60 Td (these ) Tj ET Q q 0 0 0 rg BT 294.35 529.60 Td (standards. ) Tj ET Q q 0 0 0 rg BT 336.96 529.60 Td ( ) Tj ET Q q 0 0 0 rg BT 339.13 529.60 Td (The ) Tj ET Q q 0 0 0 rg BT 357.02 529.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.24 529.60 Td (expects ) Tj ET Q q 0 0 0 rg BT 430.57 529.60 Td (that ) Tj ET Q q 0 0 0 rg BT 447.90 529.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.46 529.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 499.80 529.60 Td (of ) Tj ET Q q 0 0 0 rg BT 510.47 529.60 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 517.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 122.07 517.60 Td (will ) Tj ET Q q 0 0 0 rg BT 140.93 517.60 Td (have ) Tj ET Q q 0 0 0 rg BT 163.11 517.60 Td (an ) Tj ET Q q 0 0 0 rg BT 175.85 517.60 Td (insignificant ) Tj ET Q q 0 0 0 rg BT 229.14 517.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 259.66 517.60 Td (on ) Tj ET Q q 0 0 0 rg BT 272.96 517.60 Td (its ) Tj ET Q q 0 0 0 rg BT 285.71 517.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 339.55 517.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 377.84 517.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 423.35 517.60 Td (as ) Tj ET Q q 0 0 0 rg BT 434.98 517.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.50 517.60 Td (Company) Tj ET Q q 0 0 0 rg BT 492.17 517.60 Td (s ) Tj ET Q q 0 0 0 rg BT 499.36 517.60 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 505.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 113.17 505.60 Td (of ) Tj ET Q q 0 0 0 rg BT 123.68 505.60 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 160.00 505.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 200.50 505.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 238.77 505.60 Td (and ) Tj ET Q q 0 0 0 rg BT 255.39 505.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.55 505.60 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 343.89 505.60 Td (are ) Tj ET Q q 0 0 0 rg BT 358.28 505.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 396.55 505.60 Td (from ) Tj ET Q q 0 0 0 rg BT 418.17 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.57 505.60 Td (scope ) Tj ET Q q 0 0 0 rg BT 457.51 505.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.02 505.60 Td (these ) Tj ET Q q 0 0 0 rg BT 490.75 505.60 Td (standards.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 484.60 Td (Shar) Tj ET Q q 0 0 0 rg BT 111.52 484.60 Td (e-Based ) Tj ET Q q 0 0 0 rg BT 146.23 484.60 Td (Payments ) Tj ET Q q 0 0 0 rg BT 187.60 484.60 Td (When ) Tj ET Q q 0 0 0 rg BT 212.87 484.60 Td (a ) Tj ET Q q 0 0 0 rg BT 220.37 484.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 275.08 484.60 Td (T) Tj ET Q q 0 0 0 rg BT 279.72 484.60 Td (ar) Tj ET Q q 0 0 0 rg BT 288.24 484.60 Td (get ) Tj ET Q q 0 0 0 rg BT 302.96 484.60 Td (is ) Tj ET Q q 0 0 0 rg BT 312.13 484.60 Td (achieved ) Tj ET Q q 0 0 0 rg BT 350.16 484.60 Td (after ) Tj ET Q q 0 0 0 rg BT 371.55 484.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.27 484.60 Td (Requisite ) Tj ET Q q 0 0 0 rg BT 425.98 484.60 Td (Service ) Tj ET Q q 0 0 0 rg BT 457.90 484.60 Td (Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 465.60 Td (In ) Tj ET Q q 0 0 0 rg BT 113.39 465.60 Td (June ) Tj ET Q q 0 0 0 rg BT 133.79 465.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 158.35 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.63 465.60 Td (F) Tj ET Q q 0 0 0 rg BT 177.45 465.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 198.96 465.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 226.03 465.60 Td (new ) Tj ET Q q 0 0 0 rg BT 244.75 465.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 282.91 465.60 Td (on ) Tj ET Q q 0 0 0 rg BT 294.97 465.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 319.81 465.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 379.65 465.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 405.05 465.60 Td (2014-12,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.38 465.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 490.98 465.60 Td (for ) Tj ET Q q 0 0 0 rg BT 504.71 465.60 Td (Shar) Tj ET Q q 0 0 0 rg BT 523.23 465.60 Td (e-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 453.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 108.35 453.60 Td (Payments ) Tj ET Q q 0 0 0 rg BT 150.15 453.60 Td (When ) Tj ET Q q 0 0 0 rg BT 175.83 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.96 453.60 Td (T) Tj ET Q q 0 0 0 rg BT 195.60 453.60 Td (erms ) Tj ET Q q 0 0 0 rg BT 217.96 453.60 Td (of ) Tj ET Q q 0 0 0 rg BT 228.66 453.60 Td (an ) Tj ET Q q 0 0 0 rg BT 241.36 453.60 Td (A) Tj ET Q q 0 0 0 rg BT 246.92 453.60 Td (war) Tj ET Q q 0 0 0 rg BT 262.11 453.60 Td (d ) Tj ET Q q 0 0 0 rg BT 270.02 453.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 279.65 453.60 Td (ovide ) Tj ET Q q 0 0 0 rg BT 304.22 453.60 Td (That ) Tj ET Q q 0 0 0 rg BT 325.48 453.60 Td (a ) Tj ET Q q 0 0 0 rg BT 333.39 453.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 388.51 453.60 Td (T) Tj ET Q q 0 0 0 rg BT 393.16 453.60 Td (ar) Tj ET Q q 0 0 0 rg BT 401.68 453.60 Td (get ) Tj ET Q q 0 0 0 rg BT 416.81 453.60 Td (Could ) Tj ET Q q 0 0 0 rg BT 444.17 453.60 Td (Be ) Tj ET Q q 0 0 0 rg BT 457.42 453.60 Td (Achieved ) Tj ET Q q 0 0 0 rg BT 496.98 453.60 Td (after ) Tj ET Q q 0 0 0 rg BT 518.78 453.60 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 441.60 Td (Requisite ) Tj ET Q q 0 0 0 rg BT 120.24 441.60 Td (Service ) Tj ET Q q 0 0 0 rg BT 151.69 441.60 Td (Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.91 441.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 186.77 441.60 Td (ef) Tj ET Q q 0 0 0 rg BT 194.36 441.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 223.59 441.60 Td (for ) Tj ET Q q 0 0 0 rg BT 237.28 441.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 260.96 441.60 Td (years ) Tj ET Q q 0 0 0 rg BT 284.09 441.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 326.11 441.60 Td (after ) Tj ET Q q 0 0 0 rg BT 346.46 441.60 Td (December15, ) Tj ET Q q 0 0 0 rg BT 404.57 441.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 426.60 441.60 Td (and ) Tj ET Q q 0 0 0 rg BT 443.07 441.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 473.98 441.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 505.44 441.60 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 429.60 Td (those ) Tj ET Q q 0 0 0 rg BT 104.61 429.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 130.53 429.60 Td (The ) Tj ET Q q 0 0 0 rg BT 148.57 429.60 Td (new ) Tj ET Q q 0 0 0 rg BT 167.73 429.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 206.33 429.60 Td (will: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 411.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 411.60 Td (require ) Tj ET Q q 0 0 0 rg BT 147.10 411.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 199.41 411.60 Td (tar) Tj ET Q q 0 0 0 rg BT 209.78 411.60 Td (gets ) Tj ET Q q 0 0 0 rg BT 227.67 411.60 Td (that ) Tj ET Q q 0 0 0 rg BT 244.45 411.60 Td (af) Tj ET Q q 0 0 0 rg BT 252.04 411.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 268.81 411.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 299.48 411.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.71 411.60 Td (that ) Tj ET Q q 0 0 0 rg BT 332.49 411.60 Td (could ) Tj ET Q q 0 0 0 rg BT 356.49 411.60 Td (be ) Tj ET Q q 0 0 0 rg BT 367.72 411.60 Td (achieved ) Tj ET Q q 0 0 0 rg BT 405.04 411.60 Td (after ) Tj ET Q q 0 0 0 rg BT 425.14 411.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.14 411.60 Td (requisite ) Tj ET Q q 0 0 0 rg BT 475.36 411.60 Td (service ) Tj ET Q q 0 0 0 rg BT 505.46 411.60 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 399.60 Td (to ) Tj ET Q q 0 0 0 rg BT 127.28 399.60 Td (be ) Tj ET Q q 0 0 0 rg BT 139.22 399.60 Td (treated ) Tj ET Q q 0 0 0 rg BT 168.92 399.60 Td (as ) Tj ET Q q 0 0 0 rg BT 179.75 399.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 232.77 399.60 Td (conditions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 387.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 387.60 Td (exclude ) Tj ET Q q 0 0 0 rg BT 150.59 387.60 Td (such ) Tj ET Q q 0 0 0 rg BT 171.42 387.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 224.45 387.60 Td (tar) Tj ET Q q 0 0 0 rg BT 234.81 387.60 Td (gets ) Tj ET Q q 0 0 0 rg BT 253.42 387.60 Td (from ) Tj ET Q q 0 0 0 rg BT 275.36 387.60 Td (the ) Tj ET Q q 0 0 0 rg BT 290.08 387.60 Td (grant-date ) Tj ET Q q 0 0 0 rg BT 333.11 387.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 349.49 387.60 Td (value ) Tj ET Q q 0 0 0 rg BT 373.64 387.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 420.01 387.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.84 387.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.55 387.60 Td (award) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 375.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 375.60 Td (require ) Tj ET Q q 0 0 0 rg BT 147.64 375.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 205.50 375.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 223.93 375.60 Td (to ) Tj ET Q q 0 0 0 rg BT 234.03 375.60 Td (be ) Tj ET Q q 0 0 0 rg BT 245.79 375.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 283.08 375.60 Td (when ) Tj ET Q q 0 0 0 rg BT 307.06 375.60 Td (it ) Tj ET Q q 0 0 0 rg BT 314.94 375.60 Td (is ) Tj ET Q q 0 0 0 rg BT 323.93 375.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 361.24 375.60 Td (the ) Tj ET Q q 0 0 0 rg BT 375.78 375.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 428.62 375.60 Td (tar) Tj ET Q q 0 0 0 rg BT 438.99 375.60 Td (get ) Tj ET Q q 0 0 0 rg BT 453.52 375.60 Td (will ) Tj ET Q q 0 0 0 rg BT 471.40 375.60 Td (be ) Tj ET Q q 0 0 0 rg BT 483.16 375.60 Td (reached ) Tj ET Q q 0 0 0 rg BT 516.56 375.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 363.60 Td (should ) Tj ET Q q 0 0 0 rg BT 145.35 363.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 183.68 363.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.59 363.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 254.81 363.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 272.61 363.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 319.83 363.60 Td (to ) Tj ET Q q 0 0 0 rg BT 329.29 363.60 Td (period\(s\) ) Tj ET Q q 0 0 0 rg BT 367.07 363.60 Td (for ) Tj ET Q q 0 0 0 rg BT 380.42 363.60 Td (which ) Tj ET Q q 0 0 0 rg BT 406.54 363.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.44 363.60 Td (requisite ) Tj ET Q q 0 0 0 rg BT 456.56 363.60 Td (service ) Tj ET Q q 0 0 0 rg BT 486.56 363.60 Td (has ) Tj ET Q q 0 0 0 rg BT 501.58 363.60 Td (already ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 351.60 Td (been ) Tj ET Q q 0 0 0 rg BT 138.38 351.60 Td (rendered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 332.60 Td (This ) Tj ET Q q 0 0 0 rg BT 126.48 332.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 166.05 332.60 Td (may ) Tj ET Q q 0 0 0 rg BT 188.97 332.60 Td (be ) Tj ET Q q 0 0 0 rg BT 204.11 332.60 Td (early ) Tj ET Q q 0 0 0 rg BT 229.79 332.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 267.15 332.60 Td (and ) Tj ET Q q 0 0 0 rg BT 287.29 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.20 332.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 361.45 332.60 Td (may ) Tj ET Q q 0 0 0 rg BT 384.36 332.60 Td (be ) Tj ET Q q 0 0 0 rg BT 399.50 332.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 434.63 332.60 Td (either ) Tj ET Q q 0 0 0 rg BT 463.10 332.60 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 522.67 332.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 320.60 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 139.77 320.60 Td (. ) Tj ET Q q 0 0 0 rg BT 145.05 320.60 Td (The ) Tj ET Q q 0 0 0 rg BT 163.59 320.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 205.47 320.60 Td (will ) Tj ET Q q 0 0 0 rg BT 224.03 320.60 Td (not ) Tj ET Q q 0 0 0 rg BT 239.80 320.60 Td (early ) Tj ET Q q 0 0 0 rg BT 262.78 320.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 287.99 320.60 Td (this ) Tj ET Q q 0 0 0 rg BT 305.44 320.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 342.31 320.60 Td (and ) Tj ET Q q 0 0 0 rg BT 359.74 320.60 Td (has ) Tj ET Q q 0 0 0 rg BT 376.07 320.60 Td (no ) Tj ET Q q 0 0 0 rg BT 389.06 320.60 Td (material ) Tj ET Q q 0 0 0 rg BT 424.82 320.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 455.03 320.60 Td (on ) Tj ET Q q 0 0 0 rg BT 468.02 320.60 Td (its ) Tj ET Q q 0 0 0 rg BT 480.47 320.60 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 308.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.48 308.60 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 289.60 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 147.60 289.60 Td (to ) Tj ET Q q 0 0 0 rg BT 157.88 289.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.59 289.60 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 231.59 289.60 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 270.60 Td (In ) Tj ET Q q 0 0 0 rg BT 106.35 270.60 Td (February ) Tj ET Q q 0 0 0 rg BT 146.47 270.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 172.99 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.22 270.60 Td (F) Tj ET Q q 0 0 0 rg BT 194.04 270.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 217.52 270.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 246.54 270.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 286.65 270.60 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 344.55 270.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 384.66 270.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 412.02 270.60 Td (2015-02, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.87 270.60 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 506.99 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 518.78 270.60 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 258.60 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 140.73 258.60 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.61 258.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 183.73 258.60 Td (ef) Tj ET Q q 0 0 0 rg BT 191.32 258.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 221.81 258.60 Td (for ) Tj ET Q q 0 0 0 rg BT 236.76 258.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 261.70 258.60 Td (years ) Tj ET Q q 0 0 0 rg BT 286.09 258.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 329.37 258.60 Td (after ) Tj ET Q q 0 0 0 rg BT 350.98 258.60 Td (December ) Tj ET Q q 0 0 0 rg BT 395.35 258.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 411.14 258.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 436.69 258.60 Td (The ) Tj ET Q q 0 0 0 rg BT 455.52 258.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 494.91 258.60 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 246.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 115.71 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.42 246.60 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 186.81 246.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 221.52 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 232.35 246.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 271.51 246.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 302.89 246.60 Td (with ) Tj ET Q q 0 0 0 rg BT 322.99 246.60 Td (VIE ) Tj ET Q q 0 0 0 rg BT 342.15 246.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 395.75 246.60 Td (by: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 228.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 228.60 Td (modifying ) Tj ET Q q 0 0 0 rg BT 161.52 228.60 Td (the ) Tj ET Q q 0 0 0 rg BT 176.58 228.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 207.74 228.60 Td (used ) Tj ET Q q 0 0 0 rg BT 228.92 228.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.55 228.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 275.71 228.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 310.77 228.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 341.95 228.60 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 393.68 228.60 Td (and ) Tj ET Q q 0 0 0 rg BT 410.97 228.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 441.59 228.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 463.88 228.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 495.61 228.60 Td (are ) Tj ET Q q 0 0 0 rg BT 510.46 228.60 Td (VIEs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 216.60 Td (or ) Tj ET Q q 0 0 0 rg BT 127.83 216.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 155.89 216.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 187.82 216.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 219.20 216.60 Td (and ) Tj ET Q q 0 0 0 rg BT 236.14 216.60 Td (revising ) Tj ET Q q 0 0 0 rg BT 270.86 216.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.57 216.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 319.73 216.60 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 367.20 216.60 Td (determination ) Tj ET Q q 0 0 0 rg BT 425.24 216.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.07 216.60 Td (a ) Tj ET Q q 0 0 0 rg BT 442.83 216.60 Td (VIE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 204.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 204.60 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 164.84 204.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.35 204.60 Td (specialized ) Tj ET Q q 0 0 0 rg BT 226.06 204.60 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 282.24 204.60 Td (model ) Tj ET Q q 0 0 0 rg BT 309.53 204.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.26 204.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 364.65 204.60 Td (for ) Tj ET Q q 0 0 0 rg BT 378.60 204.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 409.23 204.60 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 460.40 204.60 Td (thereby ) Tj ET Q q 0 0 0 rg BT 492.68 204.60 Td (removing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 192.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 192.60 Td (presumption ) Tj ET Q q 0 0 0 rg BT 184.21 192.60 Td (that ) Tj ET Q q 0 0 0 rg BT 201.71 192.60 Td (a ) Tj ET Q q 0 0 0 rg BT 208.65 192.60 Td (general ) Tj ET Q q 0 0 0 rg BT 240.57 192.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 271.38 192.60 Td (should ) Tj ET Q q 0 0 0 rg BT 300.55 192.60 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 348.60 192.60 Td (a ) Tj ET Q q 0 0 0 rg BT 355.54 192.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 386.37 192.60 Td (partnership) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 180.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 180.60 Td (reducing ) Tj ET Q q 0 0 0 rg BT 155.07 180.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.37 180.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 201.76 180.60 Td (in ) Tj ET Q q 0 0 0 rg BT 212.63 180.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.93 180.60 Td (variable ) Tj ET Q q 0 0 0 rg BT 263.21 180.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 295.73 180.60 Td (model ) Tj ET Q q 0 0 0 rg BT 323.81 180.60 Td (contained ) Tj ET Q q 0 0 0 rg BT 365.76 180.60 Td (in ) Tj ET Q q 0 0 0 rg BT 375.94 180.60 Td (ASC ) Tj ET Q q 0 0 0 rg BT 398.26 180.60 Td (T) Tj ET Q q 0 0 0 rg BT 403.67 180.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 423.97 180.60 Td (810, ) Tj ET Q q 0 0 0 rg BT 444.55 180.60 Td (Consolidation, ) Tj ET Q q 0 0 0 rg BT 506.25 180.60 Td (that ) Tj ET Q q 0 0 0 rg BT 524.33 180.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 168.60 Td (used ) Tj ET Q q 0 0 0 rg BT 137.05 168.60 Td (to ) Tj ET Q q 0 0 0 rg BT 146.54 168.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 181.57 168.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 215.49 168.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.42 168.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 247.24 168.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 266.17 168.60 Td (to ) Tj ET Q q 0 0 0 rg BT 275.67 168.60 Td (a ) Tj ET Q q 0 0 0 rg BT 281.82 168.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 316.86 168.60 Td (maker ) Tj ET Q q 0 0 0 rg BT 343.56 168.60 Td (or ) Tj ET Q q 0 0 0 rg BT 353.61 168.60 Td (service ) Tj ET Q q 0 0 0 rg BT 383.64 168.60 Td (provider ) Tj ET Q q 0 0 0 rg BT 419.24 168.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 461.49 168.60 Td (a ) Tj ET Q q 0 0 0 rg BT 467.64 168.60 Td (variable ) Tj ET Q q 0 0 0 rg BT 501.56 168.60 Td (interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 156.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 156.60 Td (exempting ) Tj ET Q q 0 0 0 rg BT 160.90 156.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 199.24 156.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 229.81 156.60 Td (from ) Tj ET Q q 0 0 0 rg BT 250.93 156.60 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 306.50 156.60 Td (money ) Tj ET Q q 0 0 0 rg BT 335.40 156.60 Td (market ) Tj ET Q q 0 0 0 rg BT 364.85 156.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 388.76 156.60 Td (that ) Tj ET Q q 0 0 0 rg BT 405.44 156.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 436.55 156.60 Td (in ) Tj ET Q q 0 0 0 rg BT 446.02 156.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 492.66 156.60 Td (with ) Tj ET Q q 0 0 0 rg BT 512.13 156.60 Td (Rule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 144.60 Td (2a-7 ) Tj ET Q q 0 0 0 rg BT 137.27 144.60 Td (of ) Tj ET Q q 0 0 0 rg BT 148.10 144.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.82 144.60 Td (Investment ) Tj ET Q q 0 0 0 rg BT 209.75 144.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.58 144.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 267.52 144.60 Td (of ) Tj ET Q q 0 0 0 rg BT 278.35 144.60 Td (1940 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 125.60 Td (This ) Tj ET Q q 0 0 0 rg BT 124.50 125.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 161.61 125.60 Td (may ) Tj ET Q q 0 0 0 rg BT 182.05 125.60 Td (be ) Tj ET Q q 0 0 0 rg BT 194.72 125.60 Td (early ) Tj ET Q q 0 0 0 rg BT 217.93 125.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 252.81 125.60 Td (and ) Tj ET Q q 0 0 0 rg BT 270.48 125.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.92 125.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 339.69 125.60 Td (in ) Tj ET Q q 0 0 0 rg BT 350.69 125.60 Td (this ) Tj ET Q q 0 0 0 rg BT 368.37 125.60 Td (Update ) Tj ET Q q 0 0 0 rg BT 400.47 125.60 Td (may ) Tj ET Q q 0 0 0 rg BT 420.91 125.60 Td (be ) Tj ET Q q 0 0 0 rg BT 433.58 125.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 466.24 125.60 Td (with ) Tj ET Q q 0 0 0 rg BT 487.24 125.60 Td (a ) Tj ET Q q 0 0 0 rg BT 494.91 125.60 Td (modified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 113.60 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 134.79 113.60 Td (approach ) Tj ET Q q 0 0 0 rg BT 173.59 113.60 Td (or ) Tj ET Q q 0 0 0 rg BT 184.07 113.60 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 237.86 113.60 Td (approach. ) Tj ET Q q 0 0 0 rg BT 279.00 113.60 Td (The ) Tj ET Q q 0 0 0 rg BT 296.70 113.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 337.74 113.60 Td (will ) Tj ET Q q 0 0 0 rg BT 355.44 113.60 Td (not ) Tj ET Q q 0 0 0 rg BT 370.37 113.60 Td (early ) Tj ET Q q 0 0 0 rg BT 392.51 113.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 416.88 113.60 Td (this ) Tj ET Q q 0 0 0 rg BT 433.48 113.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 469.50 113.60 Td (and ) Tj ET Q q 0 0 0 rg BT 486.09 113.60 Td (is ) Tj ET Q q 0 0 0 rg BT 494.91 113.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 101.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 125.15 101.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.87 101.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 169.58 101.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.41 101.60 Td (this ) Tj ET Q q 0 0 0 rg BT 197.36 101.60 Td (new ) Tj ET Q q 0 0 0 rg BT 216.52 101.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 262.89 101.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 301.48 101.60 Td (on ) Tj ET Q q 0 0 0 rg BT 313.98 101.60 Td (its ) Tj ET Q q 0 0 0 rg BT 325.93 101.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 378.97 101.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.45 101.60 Td (statements.) Tj ET Q endstream endobj 243 0 obj <>] /Rotate 0 /Contents 244 0 R>> endobj 244 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-20) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 735.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 103.63 735.60 Td (esentation ) Tj ET Q q 0 0 0 rg BT 147.23 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 157.51 735.60 Td (Debt ) Tj ET Q q 0 0 0 rg BT 179.45 735.60 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 216.94 735.60 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 716.60 Td (In ) Tj ET Q q 0 0 0 rg BT 104.68 716.60 Td (April ) Tj ET Q q 0 0 0 rg BT 128.81 716.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 154.32 716.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.56 716.60 Td (F) Tj ET Q q 0 0 0 rg BT 174.38 716.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 196.84 716.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 224.86 716.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 263.97 716.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 303.08 716.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 329.43 716.60 Td (2015-03, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.28 716.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 387.35 716.60 Td (est-Imputation ) Tj ET Q q 0 0 0 rg BT 448.69 716.60 Td (of ) Tj ET Q q 0 0 0 rg BT 459.48 716.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 478.55 716.60 Td (est ) Tj ET Q q 0 0 0 rg BT 492.68 716.60 Td (\(Subtopic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 704.60 Td (835-30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.33 704.60 Td (\), ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.19 704.60 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 164.78 704.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.03 704.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 188.66 704.60 Td (esentation ) Tj ET Q q 0 0 0 rg BT 231.80 704.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.61 704.60 Td (Debt ) Tj ET Q q 0 0 0 rg BT 263.08 704.60 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 300.10 704.60 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.34 704.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 330.20 704.60 Td (ef) Tj ET Q q 0 0 0 rg BT 337.79 704.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 367.02 704.60 Td (for ) Tj ET Q q 0 0 0 rg BT 380.72 704.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 404.41 704.60 Td (years ) Tj ET Q q 0 0 0 rg BT 427.54 704.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 469.57 704.60 Td (after ) Tj ET Q q 0 0 0 rg BT 489.92 704.60 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 692.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 96.00 692.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 118.50 692.60 Td (and ) Tj ET Q q 0 0 0 rg BT 135.44 692.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 166.82 692.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 198.76 692.60 Td (within ) Tj ET Q q 0 0 0 rg BT 226.82 692.60 Td (those ) Tj ET Q q 0 0 0 rg BT 250.42 692.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 276.34 692.60 Td (The ) Tj ET Q q 0 0 0 rg BT 294.39 692.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 332.98 692.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 371.58 692.60 Td (will ) Tj ET Q q 0 0 0 rg BT 389.63 692.60 Td (require:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 674.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 674.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 136.83 674.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 173.31 674.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 195.92 674.60 Td (related ) Tj ET Q q 0 0 0 rg BT 225.73 674.60 Td (to ) Tj ET Q q 0 0 0 rg BT 236.12 674.60 Td (a ) Tj ET Q q 0 0 0 rg BT 243.17 674.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 289.64 674.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 309.46 674.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 343.18 674.60 Td (to ) Tj ET Q q 0 0 0 rg BT 353.57 674.60 Td (be ) Tj ET Q q 0 0 0 rg BT 365.61 674.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 406.54 674.60 Td (on ) Tj ET Q q 0 0 0 rg BT 419.15 674.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.97 674.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 467.11 674.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 490.27 674.60 Td (as ) Tj ET Q q 0 0 0 rg BT 501.21 674.60 Td (a ) Tj ET Q q 0 0 0 rg BT 508.26 674.60 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 662.60 Td (deduction ) Tj ET Q q 0 0 0 rg BT 158.93 662.60 Td (from ) Tj ET Q q 0 0 0 rg BT 180.87 662.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.59 662.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 215.31 662.60 Td (liability) Tj ET Q q 0 0 0 rg BT 245.76 662.60 Td (, ) Tj ET Q q 0 0 0 rg BT 250.76 662.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 281.04 662.60 Td (to ) Tj ET Q q 0 0 0 rg BT 291.32 662.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.03 662.60 Td (presentation ) Tj ET Q q 0 0 0 rg BT 357.41 662.60 Td (of ) Tj ET Q q 0 0 0 rg BT 368.24 662.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 387.95 662.60 Td (discounts ) Tj ET Q q 0 0 0 rg BT 428.23 662.60 Td (or ) Tj ET Q q 0 0 0 rg BT 439.06 662.60 Td (premiums) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 650.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 650.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.43 650.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 151.74 650.60 Td (of ) Tj ET Q q 0 0 0 rg BT 163.28 650.60 Td (issuing ) Tj ET Q q 0 0 0 rg BT 194.83 650.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 215.26 650.60 Td (to ) Tj ET Q q 0 0 0 rg BT 226.25 650.60 Td (no ) Tj ET Q q 0 0 0 rg BT 239.46 650.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 268.21 650.60 Td (be ) Tj ET Q q 0 0 0 rg BT 280.86 650.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 319.05 650.60 Td (as ) Tj ET Q q 0 0 0 rg BT 330.59 650.60 Td (a ) Tj ET Q q 0 0 0 rg BT 338.23 650.60 Td (separate ) Tj ET Q q 0 0 0 rg BT 374.20 650.60 Td (asset, ) Tj ET Q q 0 0 0 rg BT 399.34 650.60 Td (except ) Tj ET Q q 0 0 0 rg BT 428.65 650.60 Td (when ) Tj ET Q q 0 0 0 rg BT 453.52 650.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 490.04 650.60 Td (before ) Tj ET Q q 0 0 0 rg BT 518.79 650.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 638.60 Td (receipt ) Tj ET Q q 0 0 0 rg BT 146.70 638.60 Td (of ) Tj ET Q q 0 0 0 rg BT 157.53 638.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.25 638.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 205.86 638.60 Td (from ) Tj ET Q q 0 0 0 rg BT 227.80 638.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.51 638.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 286.11 638.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 305.82 638.60 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 626.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 626.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 136.81 626.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 173.29 626.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 195.89 626.60 Td (to ) Tj ET Q q 0 0 0 rg BT 206.26 626.60 Td (be ) Tj ET Q q 0 0 0 rg BT 218.30 626.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 259.21 626.60 Td (on ) Tj ET Q q 0 0 0 rg BT 271.81 626.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.62 626.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 319.75 626.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 342.90 626.60 Td (as ) Tj ET Q q 0 0 0 rg BT 353.83 626.60 Td (a ) Tj ET Q q 0 0 0 rg BT 360.86 626.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 386.22 626.60 Td (deduction ) Tj ET Q q 0 0 0 rg BT 428.25 626.60 Td (from ) Tj ET Q q 0 0 0 rg BT 450.29 626.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.11 626.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 501.02 626.60 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 614.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.50 614.60 Td (the ) Tj ET Q q 0 0 0 rg BT 141.89 614.60 Td (related ) Tj ET Q q 0 0 0 rg BT 171.26 614.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 190.65 614.60 Td (liability) Tj ET Q q 0 0 0 rg BT 221.11 614.60 Td (, ) Tj ET Q q 0 0 0 rg BT 225.78 614.60 Td (and ) Tj ET Q q 0 0 0 rg BT 242.39 614.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.78 614.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 278.96 614.60 Td (will ) Tj ET Q q 0 0 0 rg BT 296.68 614.60 Td (be ) Tj ET Q q 0 0 0 rg BT 308.29 614.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 350.45 614.60 Td (to ) Tj ET Q q 0 0 0 rg BT 360.40 614.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 392.00 614.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 426.38 614.60 Td (using ) Tj ET Q q 0 0 0 rg BT 450.22 614.60 Td (the ) Tj ET Q q 0 0 0 rg BT 464.61 614.60 Td (ef) Tj ET Q q 0 0 0 rg BT 472.20 614.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 501.57 614.60 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 602.60 Td (method. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 583.60 Td (This ) Tj ET Q q 0 0 0 rg BT 122.93 583.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 158.45 583.60 Td (may ) Tj ET Q q 0 0 0 rg BT 177.32 583.60 Td (be ) Tj ET Q q 0 0 0 rg BT 188.41 583.60 Td (early ) Tj ET Q q 0 0 0 rg BT 210.04 583.60 Td (adopted. ) Tj ET Q q 0 0 0 rg BT 245.73 583.60 Td (The ) Tj ET Q q 0 0 0 rg BT 262.92 583.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 315.12 583.60 Td (in ) Tj ET Q q 0 0 0 rg BT 324.54 583.60 Td (this ) Tj ET Q q 0 0 0 rg BT 340.64 583.60 Td (Update ) Tj ET Q q 0 0 0 rg BT 371.17 583.60 Td (are ) Tj ET Q q 0 0 0 rg BT 385.02 583.60 Td (required ) Tj ET Q q 0 0 0 rg BT 419.99 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 429.42 583.60 Td (be ) Tj ET Q q 0 0 0 rg BT 440.50 583.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 471.59 583.60 Td (retrospectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 571.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.62 571.60 Td (all ) Tj ET Q q 0 0 0 rg BT 104.46 571.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 126.74 571.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 159.02 571.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 200.17 571.60 Td (in ) Tj ET Q q 0 0 0 rg BT 210.79 571.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.85 571.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 263.68 571.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 311.02 571.60 Td (The ) Tj ET Q q 0 0 0 rg BT 329.41 571.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.14 571.60 Td (will ) Tj ET Q q 0 0 0 rg BT 389.54 571.60 Td (not ) Tj ET Q q 0 0 0 rg BT 405.16 571.60 Td (early ) Tj ET Q q 0 0 0 rg BT 427.99 571.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 453.05 571.60 Td (this ) Tj ET Q q 0 0 0 rg BT 470.34 571.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 507.05 571.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.33 571.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 559.60 Td (has ) Tj ET Q q 0 0 0 rg BT 96.83 559.60 Td (no ) Tj ET Q q 0 0 0 rg BT 109.33 559.60 Td (material ) Tj ET Q q 0 0 0 rg BT 144.59 559.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 174.30 559.60 Td (on ) Tj ET Q q 0 0 0 rg BT 186.80 559.60 Td (its ) Tj ET Q q 0 0 0 rg BT 198.75 559.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 251.79 559.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.27 559.60 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 540.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 142.04 540.60 Td (for ) Tj ET Q q 0 0 0 rg BT 156.21 540.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 177.59 540.60 Td (Paid ) Tj ET Q q 0 0 0 rg BT 198.98 540.60 Td (in ) Tj ET Q q 0 0 0 rg BT 209.25 540.60 Td (Cloud ) Tj ET Q q 0 0 0 rg BT 236.20 540.60 Td (Computing ) Tj ET Q q 0 0 0 rg BT 282.97 540.60 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 521.60 Td (In ) Tj ET Q q 0 0 0 rg BT 104.29 521.60 Td (April ) Tj ET Q q 0 0 0 rg BT 127.92 521.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 152.94 521.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.67 521.60 Td (F) Tj ET Q q 0 0 0 rg BT 172.49 521.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 194.46 521.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 221.98 521.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 260.60 521.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 299.21 521.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 325.06 521.60 Td (2015-05, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 363.41 521.60 Td (Customer's ) Tj ET Q q 0 0 0 rg BT 410.67 521.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 458.73 521.60 Td (for ) Tj ET Q q 0 0 0 rg BT 472.92 521.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 494.31 521.60 Td (Paid ) Tj ET Q q 0 0 0 rg BT 515.72 521.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.01 521.60 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 509.60 Td (Cloud ) Tj ET Q q 0 0 0 rg BT 107.51 509.60 Td (Computing ) Tj ET Q q 0 0 0 rg BT 153.86 509.60 Td (Arrangement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.63 509.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 214.52 509.60 Td (ef) Tj ET Q q 0 0 0 rg BT 222.11 509.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 251.36 509.60 Td (for ) Tj ET Q q 0 0 0 rg BT 265.08 509.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 288.79 509.60 Td (years ) Tj ET Q q 0 0 0 rg BT 311.95 509.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 354.00 509.60 Td (after ) Tj ET Q q 0 0 0 rg BT 374.38 509.60 Td (December ) Tj ET Q q 0 0 0 rg BT 417.52 509.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 432.07 509.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 454.13 509.60 Td (and ) Tj ET Q q 0 0 0 rg BT 470.63 509.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 501.56 509.60 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 497.60 Td (within ) Tj ET Q q 0 0 0 rg BT 109.16 497.60 Td (those ) Tj ET Q q 0 0 0 rg BT 132.86 497.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 159.06 497.60 Td (Current ) Tj ET Q q 0 0 0 rg BT 192.21 497.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 219.06 497.60 Td ( ) Tj ET Q q 0 0 0 rg BT 221.66 497.60 Td (does ) Tj ET Q q 0 0 0 rg BT 242.59 497.60 Td (not ) Tj ET Q q 0 0 0 rg BT 257.97 497.60 Td (include ) Tj ET Q q 0 0 0 rg BT 290.00 497.60 Td (explicit ) Tj ET Q q 0 0 0 rg BT 322.59 497.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 361.28 497.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 402.20 497.60 Td (a ) Tj ET Q q 0 0 0 rg BT 409.24 497.60 Td (customer's ) Tj ET Q q 0 0 0 rg BT 454.18 497.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 500.65 497.60 Td (for ) Tj ET Q q 0 0 0 rg BT 514.91 497.60 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 485.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 99.52 485.60 Td (in ) Tj ET Q q 0 0 0 rg BT 108.60 485.60 Td (a ) Tj ET Q q 0 0 0 rg BT 114.34 485.60 Td (cloud ) Tj ET Q q 0 0 0 rg BT 137.86 485.60 Td (computing ) Tj ET Q q 0 0 0 rg BT 181.93 485.60 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 235.70 485.60 Td (which ) Tj ET Q q 0 0 0 rg BT 261.44 485.60 Td (may ) Tj ET Q q 0 0 0 rg BT 279.96 485.60 Td (include ) Tj ET Q q 0 0 0 rg BT 310.69 485.60 Td (software ) Tj ET Q q 0 0 0 rg BT 346.42 485.60 Td (as ) Tj ET Q q 0 0 0 rg BT 356.06 485.60 Td (a ) Tj ET Q q 0 0 0 rg BT 361.80 485.60 Td (service, ) Tj ET Q q 0 0 0 rg BT 393.91 485.60 Td (platform ) Tj ET Q q 0 0 0 rg BT 429.65 485.60 Td (as ) Tj ET Q q 0 0 0 rg BT 439.28 485.60 Td (a ) Tj ET Q q 0 0 0 rg BT 445.02 485.60 Td (service, ) Tj ET Q q 0 0 0 rg BT 477.14 485.60 Td (infrastructure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 473.60 Td (as ) Tj ET Q q 0 0 0 rg BT 91.35 473.60 Td (a ) Tj ET Q q 0 0 0 rg BT 97.81 473.60 Td (service, ) Tj ET Q q 0 0 0 rg BT 130.65 473.60 Td (and ) Tj ET Q q 0 0 0 rg BT 147.10 473.60 Td (other ) Tj ET Q q 0 0 0 rg BT 169.67 473.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 199.47 473.60 Td (hosting ) Tj ET Q q 0 0 0 rg BT 230.93 473.60 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 289.17 473.60 Td (The ) Tj ET Q q 0 0 0 rg BT 306.74 473.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 344.85 473.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 382.97 473.60 Td (addresses ) Tj ET Q q 0 0 0 rg BT 423.31 473.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 457.54 473.60 Td (a ) Tj ET Q q 0 0 0 rg BT 463.99 473.60 Td (cloud ) Tj ET Q q 0 0 0 rg BT 488.23 473.60 Td (computing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 461.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 133.47 461.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 169.30 461.60 Td (a ) Tj ET Q q 0 0 0 rg BT 176.23 461.60 Td (software ) Tj ET Q q 0 0 0 rg BT 213.16 461.60 Td (license: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 443.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 443.60 Td (if ) Tj ET Q q 0 0 0 rg BT 124.51 443.60 Td (a ) Tj ET Q q 0 0 0 rg BT 130.36 443.60 Td (cloud ) Tj ET Q q 0 0 0 rg BT 153.98 443.60 Td (computing ) Tj ET Q q 0 0 0 rg BT 198.16 443.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 249.54 443.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 284.27 443.60 Td (a ) Tj ET Q q 0 0 0 rg BT 290.12 443.60 Td (software ) Tj ET Q q 0 0 0 rg BT 325.95 443.60 Td (license, ) Tj ET Q q 0 0 0 rg BT 357.62 443.60 Td (the ) Tj ET Q q 0 0 0 rg BT 371.24 443.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 409.30 443.60 Td (should ) Tj ET Q q 0 0 0 rg BT 437.38 443.60 Td (account ) Tj ET Q q 0 0 0 rg BT 469.88 443.60 Td (for ) Tj ET Q q 0 0 0 rg BT 482.95 443.60 Td (the ) Tj ET Q q 0 0 0 rg BT 496.57 443.60 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 431.60 Td (license ) Tj ET Q q 0 0 0 rg BT 147.26 431.60 Td (element ) Tj ET Q q 0 0 0 rg BT 181.41 431.60 Td (of ) Tj ET Q q 0 0 0 rg BT 192.24 431.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.96 431.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 259.43 431.60 Td (consistent ) Tj ET Q q 0 0 0 rg BT 301.93 431.60 Td (with ) Tj ET Q q 0 0 0 rg BT 322.21 431.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.92 431.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 383.30 431.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.13 431.60 Td (other ) Tj ET Q q 0 0 0 rg BT 417.18 431.60 Td (software ) Tj ET Q q 0 0 0 rg BT 454.11 431.60 Td (licenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 419.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 419.60 Td (if ) Tj ET Q q 0 0 0 rg BT 125.81 419.60 Td (a ) Tj ET Q q 0 0 0 rg BT 132.95 419.60 Td (cloud ) Tj ET Q q 0 0 0 rg BT 157.87 419.60 Td (computing ) Tj ET Q q 0 0 0 rg BT 203.34 419.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 256.02 419.60 Td (does ) Tj ET Q q 0 0 0 rg BT 277.05 419.60 Td (not ) Tj ET Q q 0 0 0 rg BT 292.53 419.60 Td (include ) Tj ET Q q 0 0 0 rg BT 324.66 419.60 Td (a ) Tj ET Q q 0 0 0 rg BT 331.80 419.60 Td (software ) Tj ET Q q 0 0 0 rg BT 368.93 419.60 Td (license, ) Tj ET Q q 0 0 0 rg BT 401.90 419.60 Td (the ) Tj ET Q q 0 0 0 rg BT 416.82 419.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 456.17 419.60 Td (should ) Tj ET Q q 0 0 0 rg BT 485.55 419.60 Td (account ) Tj ET Q q 0 0 0 rg BT 519.34 419.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 407.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.72 407.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 184.19 407.60 Td (as ) Tj ET Q q 0 0 0 rg BT 195.02 407.60 Td (a ) Tj ET Q q 0 0 0 rg BT 201.96 407.60 Td (service ) Tj ET Q q 0 0 0 rg BT 232.77 407.60 Td (contract) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 388.60 Td (This ) Tj ET Q q 0 0 0 rg BT 123.04 388.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 160.89 388.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 196.53 388.60 Td (may ) Tj ET Q q 0 0 0 rg BT 215.50 388.60 Td (be ) Tj ET Q q 0 0 0 rg BT 226.70 388.60 Td (early ) Tj ET Q q 0 0 0 rg BT 248.45 388.60 Td (adopted. ) Tj ET Q q 0 0 0 rg BT 284.23 388.60 Td (The ) Tj ET Q q 0 0 0 rg BT 301.54 388.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 353.84 388.60 Td (in ) Tj ET Q q 0 0 0 rg BT 363.38 388.60 Td (this ) Tj ET Q q 0 0 0 rg BT 379.58 388.60 Td (Update ) Tj ET Q q 0 0 0 rg BT 410.22 388.60 Td (may ) Tj ET Q q 0 0 0 rg BT 429.20 388.60 Td (be ) Tj ET Q q 0 0 0 rg BT 440.40 388.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 471.59 388.60 Td (retrospectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 376.60 Td (to ) Tj ET Q q 0 0 0 rg BT 92.57 376.60 Td (all ) Tj ET Q q 0 0 0 rg BT 106.36 376.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 129.59 376.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 162.82 376.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 204.93 376.60 Td (in ) Tj ET Q q 0 0 0 rg BT 216.50 376.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.52 376.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.29 376.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.29 376.60 Td (or ) Tj ET Q q 0 0 0 rg BT 329.42 376.60 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 387.08 376.60 Td (to ) Tj ET Q q 0 0 0 rg BT 398.66 376.60 Td (all ) Tj ET Q q 0 0 0 rg BT 412.44 376.60 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 470.10 376.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 503.32 376.60 Td (into ) Tj ET Q q 0 0 0 rg BT 522.67 376.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 364.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 125.20 364.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 164.97 364.60 Td (after ) Tj ET Q q 0 0 0 rg BT 186.95 364.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.84 364.60 Td (ef) Tj ET Q q 0 0 0 rg BT 210.42 364.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 241.29 364.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 263.85 364.60 Td (The ) Tj ET Q q 0 0 0 rg BT 283.06 364.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.61 364.60 Td (will ) Tj ET Q q 0 0 0 rg BT 344.84 364.60 Td (not ) Tj ET Q q 0 0 0 rg BT 361.28 364.60 Td (early ) Tj ET Q q 0 0 0 rg BT 384.93 364.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 410.82 364.60 Td (this ) Tj ET Q q 0 0 0 rg BT 428.93 364.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 466.47 364.60 Td (and ) Tj ET Q q 0 0 0 rg BT 484.58 364.60 Td (is ) Tj ET Q q 0 0 0 rg BT 494.91 364.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 352.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 125.15 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.87 352.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 169.58 352.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.41 352.60 Td (this ) Tj ET Q q 0 0 0 rg BT 197.36 352.60 Td (new ) Tj ET Q q 0 0 0 rg BT 216.52 352.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 262.89 352.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 301.48 352.60 Td (on ) Tj ET Q q 0 0 0 rg BT 313.98 352.60 Td (its ) Tj ET Q q 0 0 0 rg BT 325.93 352.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 378.97 352.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.45 352.60 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 333.60 Td (Investments ) Tj ET Q q 0 0 0 rg BT 143.71 333.60 Td (That ) Tj ET Q q 0 0 0 rg BT 164.55 333.60 Td (Calculate ) Tj ET Q q 0 0 0 rg BT 205.93 333.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 222.13 333.60 Td (Asset ) Tj ET Q q 0 0 0 rg BT 245.74 333.60 Td (V) Tj ET Q q 0 0 0 rg BT 250.74 333.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 270.46 333.60 Td (per ) Tj ET Q q 0 0 0 rg BT 286.29 333.60 Td (Shar) Tj ET Q q 0 0 0 rg BT 304.81 333.60 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 314.60 Td (In ) Tj ET Q q 0 0 0 rg BT 105.97 314.60 Td (May ) Tj ET Q q 0 0 0 rg BT 127.94 314.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 154.08 314.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.93 314.60 Td (F) Tj ET Q q 0 0 0 rg BT 174.75 314.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 197.85 314.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 226.48 314.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 266.22 314.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 305.95 314.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 332.92 314.60 Td (2015-07, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.39 314.60 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 410.91 314.60 Td (es ) Tj ET Q q 0 0 0 rg BT 422.88 314.60 Td (for ) Tj ET Q q 0 0 0 rg BT 438.19 314.60 Td (Investments ) Tj ET Q q 0 0 0 rg BT 489.04 314.60 Td (in ) Tj ET Q q 0 0 0 rg BT 500.46 314.60 Td (Certain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 302.60 Td (Entities ) Tj ET Q q 0 0 0 rg BT 114.47 302.60 Td (That ) Tj ET Q q 0 0 0 rg BT 135.73 302.60 Td (Calculate ) Tj ET Q q 0 0 0 rg BT 177.53 302.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 194.13 302.60 Td (Asset ) Tj ET Q q 0 0 0 rg BT 218.16 302.60 Td (V) Tj ET Q q 0 0 0 rg BT 223.16 302.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 243.29 302.60 Td (per ) Tj ET Q q 0 0 0 rg BT 259.54 302.60 Td (Shar) Tj ET Q q 0 0 0 rg BT 278.06 302.60 Td (e ) Tj ET Q q 0 0 0 rg BT 285.42 302.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 300.56 302.60 Td (Its ) Tj ET Q q 0 0 0 rg BT 313.48 302.60 Td (Equivalent\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.13 302.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 368.88 302.60 Td (ef) Tj ET Q q 0 0 0 rg BT 376.47 302.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 406.59 302.60 Td (for ) Tj ET Q q 0 0 0 rg BT 421.17 302.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 445.75 302.60 Td (years ) Tj ET Q q 0 0 0 rg BT 469.77 302.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 512.68 302.60 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 290.60 Td (December ) Tj ET Q q 0 0 0 rg BT 125.08 290.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 140.57 290.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 163.57 290.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.00 290.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 212.88 290.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 245.31 290.60 Td (within ) Tj ET Q q 0 0 0 rg BT 273.86 290.60 Td (those ) Tj ET Q q 0 0 0 rg BT 297.96 290.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 324.56 290.60 Td (Current ) Tj ET Q q 0 0 0 rg BT 358.10 290.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 384.96 290.60 Td ( ) Tj ET Q q 0 0 0 rg BT 387.95 290.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 423.15 290.60 Td (that ) Tj ET Q q 0 0 0 rg BT 441.14 290.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 491.91 290.60 Td (for ) Tj ET Q q 0 0 0 rg BT 506.56 290.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 278.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 97.25 278.60 Td (value ) Tj ET Q q 0 0 0 rg BT 121.29 278.60 Td (is ) Tj ET Q q 0 0 0 rg BT 130.34 278.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 171.03 278.60 Td (at ) Tj ET Q q 0 0 0 rg BT 180.62 278.60 Td (net ) Tj ET Q q 0 0 0 rg BT 195.22 278.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 217.04 278.60 Td (value ) Tj ET Q q 0 0 0 rg BT 241.07 278.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 255.11 278.60 Td (its ) Tj ET Q q 0 0 0 rg BT 266.93 278.60 Td (equivalent\) ) Tj ET Q q 0 0 0 rg BT 314.29 278.60 Td (using ) Tj ET Q q 0 0 0 rg BT 338.34 278.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.93 278.60 Td (practical ) Tj ET Q q 0 0 0 rg BT 389.73 278.60 Td (expedient ) Tj ET Q q 0 0 0 rg BT 430.98 278.60 Td (in ) Tj ET Q q 0 0 0 rg BT 440.96 278.60 Td (T) Tj ET Q q 0 0 0 rg BT 446.38 278.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 465.97 278.60 Td (820, ) Tj ET Q q 0 0 0 rg BT 485.85 278.60 Td ("Fair ) Tj ET Q q 0 0 0 rg BT 508.24 278.60 Td (V) Tj ET Q q 0 0 0 rg BT 514.36 278.60 Td (alue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.60 Td (Measurement" ) Tj ET Q q 0 0 0 rg BT 142.75 266.60 Td (be ) Tj ET Q q 0 0 0 rg BT 155.43 266.60 Td (categorized ) Tj ET Q q 0 0 0 rg BT 204.75 266.60 Td (within ) Tj ET Q q 0 0 0 rg BT 233.54 266.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.00 266.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 266.12 266.60 Td (value ) Tj ET Q q 0 0 0 rg BT 291.02 266.60 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 332.01 266.60 Td (using ) Tj ET Q q 0 0 0 rg BT 356.92 266.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 388.48 266.60 Td (that ) Tj ET Q q 0 0 0 rg BT 406.71 266.60 Td (dif) Tj ET Q q 0 0 0 rg BT 417.64 266.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 431.98 266.60 Td (from ) Tj ET Q q 0 0 0 rg BT 454.66 266.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.12 266.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 501.67 266.60 Td (used ) Tj ET Q q 0 0 0 rg BT 523.24 266.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.60 Td (categorize ) Tj ET Q q 0 0 0 rg BT 124.80 254.60 Td (other ) Tj ET Q q 0 0 0 rg BT 148.07 254.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 164.66 254.60 Td (value ) Tj ET Q q 0 0 0 rg BT 189.04 254.60 Td (measurements ) Tj ET Q q 0 0 0 rg BT 248.96 254.60 Td (within ) Tj ET Q q 0 0 0 rg BT 277.24 254.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.17 254.60 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 329.28 254.60 Td (. ) Tj ET Q q 0 0 0 rg BT 334.50 254.60 Td (Currently) Tj ET Q q 0 0 0 rg BT 372.17 254.60 Td (, ) Tj ET Q q 0 0 0 rg BT 377.39 254.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 427.88 254.60 Td (valued ) Tj ET Q q 0 0 0 rg BT 457.26 254.60 Td (using ) Tj ET Q q 0 0 0 rg BT 481.65 254.60 Td (the ) Tj ET Q q 0 0 0 rg BT 496.59 254.60 Td (practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 242.60 Td (expedient ) Tj ET Q q 0 0 0 rg BT 121.78 242.60 Td (are ) Tj ET Q q 0 0 0 rg BT 135.89 242.60 Td (categorized ) Tj ET Q q 0 0 0 rg BT 183.88 242.60 Td (within ) Tj ET Q q 0 0 0 rg BT 211.34 242.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.47 242.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 241.25 242.60 Td (value ) Tj ET Q q 0 0 0 rg BT 264.81 242.60 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 304.47 242.60 Td (on ) Tj ET Q q 0 0 0 rg BT 316.38 242.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.50 242.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 352.41 242.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.65 242.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 396.76 242.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.88 242.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 456.67 242.60 Td (is ) Tj ET Q q 0 0 0 rg BT 465.25 242.60 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 513.23 242.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.71 230.60 Td (investee ) Tj ET Q q 0 0 0 rg BT 130.97 230.60 Td (at ) Tj ET Q q 0 0 0 rg BT 140.68 230.60 Td (net ) Tj ET Q q 0 0 0 rg BT 155.39 230.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 177.33 230.60 Td (value ) Tj ET Q q 0 0 0 rg BT 201.48 230.60 Td (on ) Tj ET Q q 0 0 0 rg BT 213.97 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 228.69 230.60 Td (measurement ) Tj ET Q q 0 0 0 rg BT 284.49 230.60 Td (date, ) Tj ET Q q 0 0 0 rg BT 306.14 230.60 Td (never ) Tj ET Q q 0 0 0 rg BT 330.84 230.60 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 379.42 230.60 Td (with ) Tj ET Q q 0 0 0 rg BT 399.69 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.40 230.60 Td (investee ) Tj ET Q q 0 0 0 rg BT 449.66 230.60 Td (at ) Tj ET Q q 0 0 0 rg BT 459.37 230.60 Td (net ) Tj ET Q q 0 0 0 rg BT 474.09 230.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 496.02 230.60 Td (value, ) Tj ET Q q 0 0 0 rg BT 522.67 230.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 218.60 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 130.47 218.60 Td (with ) Tj ET Q q 0 0 0 rg BT 151.64 218.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.24 218.60 Td (investee ) Tj ET Q q 0 0 0 rg BT 203.40 218.60 Td (at ) Tj ET Q q 0 0 0 rg BT 214.01 218.60 Td (net ) Tj ET Q q 0 0 0 rg BT 229.61 218.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 252.44 218.60 Td (value ) Tj ET Q q 0 0 0 rg BT 277.49 218.60 Td (at ) Tj ET Q q 0 0 0 rg BT 288.09 218.60 Td (a ) Tj ET Q q 0 0 0 rg BT 295.92 218.60 Td (future ) Tj ET Q q 0 0 0 rg BT 323.19 218.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 345.73 218.60 Td (For ) Tj ET Q q 0 0 0 rg BT 363.02 218.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 414.18 218.60 Td (that ) Tj ET Q q 0 0 0 rg BT 432.56 218.60 Td (are ) Tj ET Q q 0 0 0 rg BT 448.16 218.60 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 497.63 218.60 Td (with ) Tj ET Q q 0 0 0 rg BT 518.80 218.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 206.60 Td (investee ) Tj ET Q q 0 0 0 rg BT 115.57 206.60 Td (at ) Tj ET Q q 0 0 0 rg BT 124.59 206.60 Td (a ) Tj ET Q q 0 0 0 rg BT 130.84 206.60 Td (future ) Tj ET Q q 0 0 0 rg BT 156.52 206.60 Td (date, ) Tj ET Q q 0 0 0 rg BT 177.48 206.60 Td (a ) Tj ET Q q 0 0 0 rg BT 183.72 206.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 222.18 206.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 246.76 206.60 Td (must ) Tj ET Q q 0 0 0 rg BT 268.02 206.60 Td (take ) Tj ET Q q 0 0 0 rg BT 286.48 206.60 Td (into ) Tj ET Q q 0 0 0 rg BT 303.84 206.60 Td (account ) Tj ET Q q 0 0 0 rg BT 336.74 206.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.76 206.60 Td (length ) Tj ET Q q 0 0 0 rg BT 377.56 206.60 Td (of ) Tj ET Q q 0 0 0 rg BT 387.70 206.60 Td (time ) Tj ET Q q 0 0 0 rg BT 407.28 206.60 Td (until ) Tj ET Q q 0 0 0 rg BT 427.42 206.60 Td (those ) Tj ET Q q 0 0 0 rg BT 450.33 206.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 499.91 206.60 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 194.60 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 129.52 194.60 Td (to ) Tj ET Q q 0 0 0 rg BT 139.74 194.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 182.17 194.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.83 194.60 Td (classification ) Tj ET Q q 0 0 0 rg BT 252.03 194.60 Td (within ) Tj ET Q q 0 0 0 rg BT 280.03 194.60 Td (the ) Tj ET Q q 0 0 0 rg BT 294.69 194.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 311.01 194.60 Td (value ) Tj ET Q q 0 0 0 rg BT 335.10 194.60 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 372.21 194.60 Td (. ) Tj ET Q q 0 0 0 rg BT 376.98 194.60 Td (There ) Tj ET Q q 0 0 0 rg BT 402.73 194.60 Td (is ) Tj ET Q q 0 0 0 rg BT 411.85 194.60 Td (diversity ) Tj ET Q q 0 0 0 rg BT 449.28 194.60 Td (in ) Tj ET Q q 0 0 0 rg BT 459.51 194.60 Td (practice ) Tj ET Q q 0 0 0 rg BT 493.59 194.60 Td (related ) Tj ET Q q 0 0 0 rg BT 523.23 194.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 182.60 Td (how ) Tj ET Q q 0 0 0 rg BT 102.05 182.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 133.07 182.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 184.67 182.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 226.81 182.60 Td (at ) Tj ET Q q 0 0 0 rg BT 237.85 182.60 Td (net ) Tj ET Q q 0 0 0 rg BT 253.89 182.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 277.15 182.60 Td (value ) Tj ET Q q 0 0 0 rg BT 302.63 182.60 Td (with ) Tj ET Q q 0 0 0 rg BT 324.23 182.60 Td (redemption ) Tj ET Q q 0 0 0 rg BT 373.60 182.60 Td (dates ) Tj ET Q q 0 0 0 rg BT 397.97 182.60 Td (in ) Tj ET Q q 0 0 0 rg BT 409.57 182.60 Td (the ) Tj ET Q q 0 0 0 rg BT 425.61 182.60 Td (future ) Tj ET Q q 0 0 0 rg BT 453.31 182.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 498.24 182.60 Td (periodic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 170.60 Td (redemption ) Tj ET Q q 0 0 0 rg BT 129.04 170.60 Td (dates\) ) Tj ET Q q 0 0 0 rg BT 155.42 170.60 Td (are ) Tj ET Q q 0 0 0 rg BT 170.13 170.60 Td (categorized ) Tj ET Q q 0 0 0 rg BT 218.71 170.60 Td (within ) Tj ET Q q 0 0 0 rg BT 246.76 170.60 Td (the ) Tj ET Q q 0 0 0 rg BT 261.48 170.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 277.86 170.60 Td (value ) Tj ET Q q 0 0 0 rg BT 302.01 170.60 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 339.12 170.60 Td (. ) Tj ET Q q 0 0 0 rg BT 344.12 170.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 371.61 170.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.32 170.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 439.36 170.60 Td (in ) Tj ET Q q 0 0 0 rg BT 449.64 170.60 Td (this ) Tj ET Q q 0 0 0 rg BT 466.59 170.60 Td (Update: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 152.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 152.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 168.02 152.60 Td (for ) Tj ET Q q 0 0 0 rg BT 182.93 152.60 Td (which ) Tj ET Q q 0 0 0 rg BT 210.62 152.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 227.75 152.60 Td (value ) Tj ET Q q 0 0 0 rg BT 252.65 152.60 Td (is ) Tj ET Q q 0 0 0 rg BT 262.57 152.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 304.14 152.60 Td (at ) Tj ET Q q 0 0 0 rg BT 314.60 152.60 Td (net ) Tj ET Q q 0 0 0 rg BT 330.07 152.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 352.76 152.60 Td (value ) Tj ET Q q 0 0 0 rg BT 377.66 152.60 Td (per ) Tj ET Q q 0 0 0 rg BT 393.68 152.60 Td (share ) Tj ET Q q 0 0 0 rg BT 418.03 152.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 432.94 152.60 Td (its ) Tj ET Q q 0 0 0 rg BT 445.64 152.60 Td (equivalent\) ) Tj ET Q q 0 0 0 rg BT 493.87 152.60 Td (using ) Tj ET Q q 0 0 0 rg BT 518.78 152.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 140.60 Td (practical ) Tj ET Q q 0 0 0 rg BT 154.50 140.60 Td (expedient ) Tj ET Q q 0 0 0 rg BT 196.46 140.60 Td (should ) Tj ET Q q 0 0 0 rg BT 226.21 140.60 Td (not ) Tj ET Q q 0 0 0 rg BT 242.07 140.60 Td (be ) Tj ET Q q 0 0 0 rg BT 254.59 140.60 Td (categorized ) Tj ET Q q 0 0 0 rg BT 303.75 140.60 Td (in ) Tj ET Q q 0 0 0 rg BT 314.61 140.60 Td (the ) Tj ET Q q 0 0 0 rg BT 329.91 140.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 346.87 140.60 Td (value ) Tj ET Q q 0 0 0 rg BT 371.61 140.60 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 408.71 140.60 Td (. ) Tj ET Q q 0 0 0 rg BT 414.30 140.60 Td (Removing ) Tj ET Q q 0 0 0 rg BT 459.04 140.60 Td (those ) Tj ET Q q 0 0 0 rg BT 483.23 140.60 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 128.60 Td (from ) Tj ET Q q 0 0 0 rg BT 138.51 128.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.80 128.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 168.75 128.60 Td (value ) Tj ET Q q 0 0 0 rg BT 192.48 128.60 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 232.31 128.60 Td (not ) Tj ET Q q 0 0 0 rg BT 247.17 128.60 Td (only ) Tj ET Q q 0 0 0 rg BT 267.02 128.60 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 310.19 128.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.48 128.60 Td (diversity ) Tj ET Q q 0 0 0 rg BT 361.55 128.60 Td (in ) Tj ET Q q 0 0 0 rg BT 371.40 128.60 Td (practice ) Tj ET Q q 0 0 0 rg BT 405.12 128.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 442.19 128.60 Td (from ) Tj ET Q q 0 0 0 rg BT 463.70 128.60 Td (the ) Tj ET Q q 0 0 0 rg BT 477.99 128.60 Td (way ) Tj ET Q q 0 0 0 rg BT 496.73 128.60 Td (in ) Tj ET Q q 0 0 0 rg BT 506.58 128.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 116.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 167.94 116.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 209.42 116.60 Td (at ) Tj ET Q q 0 0 0 rg BT 219.80 116.60 Td (net ) Tj ET Q q 0 0 0 rg BT 235.18 116.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 257.79 116.60 Td (value ) Tj ET Q q 0 0 0 rg BT 282.61 116.60 Td (per ) Tj ET Q q 0 0 0 rg BT 298.54 116.60 Td (share ) Tj ET Q q 0 0 0 rg BT 322.81 116.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 337.63 116.60 Td (its ) Tj ET Q q 0 0 0 rg BT 350.25 116.60 Td (equivalent\) ) Tj ET Q q 0 0 0 rg BT 398.39 116.60 Td (with ) Tj ET Q q 0 0 0 rg BT 419.34 116.60 Td (future ) Tj ET Q q 0 0 0 rg BT 446.38 116.60 Td (redemption ) Tj ET Q q 0 0 0 rg BT 495.09 116.60 Td (dates ) Tj ET Q q 0 0 0 rg BT 518.80 116.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 104.60 Td (classified, ) Tj ET Q q 0 0 0 rg BT 159.34 104.60 Td (but ) Tj ET Q q 0 0 0 rg BT 174.19 104.60 Td (also ) Tj ET Q q 0 0 0 rg BT 192.37 104.60 Td (ensures ) Tj ET Q q 0 0 0 rg BT 224.43 104.60 Td (that ) Tj ET Q q 0 0 0 rg BT 241.50 104.60 Td (all ) Tj ET Q q 0 0 0 rg BT 253.57 104.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 303.41 104.60 Td (categorized ) Tj ET Q q 0 0 0 rg BT 351.57 104.60 Td (in ) Tj ET Q q 0 0 0 rg BT 361.42 104.60 Td (the ) Tj ET Q q 0 0 0 rg BT 375.71 104.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 391.66 104.60 Td (value ) Tj ET Q q 0 0 0 rg BT 415.38 104.60 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 455.21 104.60 Td (are ) Tj ET Q q 0 0 0 rg BT 469.49 104.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 509.33 104.60 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 92.60 Td (a ) Tj ET Q q 0 0 0 rg BT 123.94 92.60 Td (consistent ) Tj ET Q q 0 0 0 rg BT 166.43 92.60 Td (approach) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 80.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 80.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 166.37 80.60 Td (that ) Tj ET Q q 0 0 0 rg BT 182.96 80.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 220.09 80.60 Td (net ) Tj ET Q q 0 0 0 rg BT 233.91 80.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 254.94 80.60 Td (value ) Tj ET Q q 0 0 0 rg BT 278.20 80.60 Td (per ) Tj ET Q q 0 0 0 rg BT 292.56 80.60 Td (share ) Tj ET Q q 0 0 0 rg BT 315.26 80.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 328.52 80.60 Td (its ) Tj ET Q q 0 0 0 rg BT 339.56 80.60 Td (equivalent\), ) Tj ET Q q 0 0 0 rg BT 388.64 80.60 Td (but ) Tj ET Q q 0 0 0 rg BT 403.02 80.60 Td (for ) Tj ET Q q 0 0 0 rg BT 416.28 80.60 Td (which ) Tj ET Q q 0 0 0 rg BT 442.31 80.60 Td (the ) Tj ET Q q 0 0 0 rg BT 456.13 80.60 Td (practical ) Tj ET Q q 0 0 0 rg BT 492.15 80.60 Td (expedient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 68.60 Td (is ) Tj ET Q q 0 0 0 rg BT 126.17 68.60 Td (not ) Tj ET Q q 0 0 0 rg BT 141.45 68.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 173.38 68.60 Td (will ) Tj ET Q q 0 0 0 rg BT 191.44 68.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 228.37 68.60 Td (to ) Tj ET Q q 0 0 0 rg BT 238.65 68.60 Td (be ) Tj ET Q q 0 0 0 rg BT 250.59 68.60 Td (included ) Tj ET Q q 0 0 0 rg BT 287.52 68.60 Td (in ) Tj ET Q q 0 0 0 rg BT 297.80 68.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.52 68.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 328.89 68.60 Td (value ) Tj ET Q q 0 0 0 rg BT 353.05 68.60 Td (hierarchy) Tj ET Q endstream endobj 245 0 obj <>] /Rotate 0 /Contents 246 0 R>> endobj 246 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 112.09 735.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 165.18 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 175.50 735.60 Td (this ) Tj ET Q q 0 0 0 rg BT 192.50 735.60 Td (Update ) Tj ET Q q 0 0 0 rg BT 223.92 735.60 Td (are ) Tj ET Q q 0 0 0 rg BT 238.67 735.60 Td (required ) Tj ET Q q 0 0 0 rg BT 274.53 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 284.86 735.60 Td (be ) Tj ET Q q 0 0 0 rg BT 296.84 735.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 328.82 735.60 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 390.78 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 401.11 735.60 Td (all ) Tj ET Q q 0 0 0 rg BT 413.65 735.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 435.63 735.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 467.62 735.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 508.48 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.80 735.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.10 723.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 164.79 723.60 Td (The ) Tj ET Q q 0 0 0 rg BT 182.46 723.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 223.47 723.60 Td (will ) Tj ET Q q 0 0 0 rg BT 241.15 723.60 Td (not ) Tj ET Q q 0 0 0 rg BT 256.05 723.60 Td (early ) Tj ET Q q 0 0 0 rg BT 278.16 723.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 302.50 723.60 Td (this ) Tj ET Q q 0 0 0 rg BT 319.07 723.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 355.08 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.64 723.60 Td (is ) Tj ET Q q 0 0 0 rg BT 380.43 723.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 418.65 723.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 462.42 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.76 723.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 506.10 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 516.55 723.60 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (new ) Tj ET Q q 0 0 0 rg BT 100.16 711.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 146.53 711.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 185.13 711.60 Td (on ) Tj ET Q q 0 0 0 rg BT 197.63 711.60 Td (its ) Tj ET Q q 0 0 0 rg BT 209.57 711.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 262.62 711.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 300.10 711.60 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 692.60 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 147.60 692.60 Td (to ) Tj ET Q q 0 0 0 rg BT 157.88 692.60 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 208.70 692.60 Td (and ) Tj ET Q q 0 0 0 rg BT 226.20 692.60 Td (Measur) Tj ET Q q 0 0 0 rg BT 256.38 692.60 Td (ement ) Tj ET Q q 0 0 0 rg BT 282.75 692.60 Td (of ) Tj ET Q q 0 0 0 rg BT 293.03 692.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 334.23 692.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 361.73 692.60 Td (and ) Tj ET Q q 0 0 0 rg BT 379.23 692.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 420.62 692.60 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 674.60 Td (In ) Tj ET Q q 0 0 0 rg BT 116.23 674.60 Td (January ) Tj ET Q q 0 0 0 rg BT 151.72 674.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 178.62 674.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.23 674.60 Td (F) Tj ET Q q 0 0 0 rg BT 200.05 674.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 223.90 674.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 253.29 674.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 293.78 674.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 334.27 674.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 362.00 674.60 Td (2016-01, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.23 674.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 445.51 674.60 Td (Instruments- ) Tj ET Q q 0 0 0 rg BT 500.46 674.60 Td (Overall ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 662.60 Td (\(Subtopic ) Tj ET Q q 0 0 0 rg BT 120.88 662.60 Td (825-10\), ) Tj ET Q q 0 0 0 rg BT 156.60 662.60 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 206.47 662.60 Td (and ) Tj ET Q q 0 0 0 rg BT 223.03 662.60 Td (Measur) Tj ET Q q 0 0 0 rg BT 253.21 662.60 Td (ement ) Tj ET Q q 0 0 0 rg BT 278.64 662.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.97 662.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 328.30 662.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 354.85 662.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.41 662.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 411.84 662.60 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.41 662.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 459.79 662.60 Td (ef) Tj ET Q q 0 0 0 rg BT 467.38 662.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 496.14 662.60 Td (for ) Tj ET Q q 0 0 0 rg BT 509.35 662.60 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 650.60 Td (years ) Tj ET Q q 0 0 0 rg BT 103.83 650.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 145.57 650.60 Td (after ) Tj ET Q q 0 0 0 rg BT 165.62 650.60 Td (December ) Tj ET Q q 0 0 0 rg BT 208.44 650.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 222.67 650.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 246.91 650.60 Td (including ) Tj ET Q q 0 0 0 rg BT 286.42 650.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 317.04 650.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 348.21 650.60 Td (within ) Tj ET Q q 0 0 0 rg BT 375.50 650.60 Td (those ) Tj ET Q q 0 0 0 rg BT 398.35 650.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 421.74 650.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 447.07 650.60 Td (Notable ) Tj ET Q q 0 0 0 rg BT 480.46 650.60 Td (amendments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 638.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 638.60 Td (this ) Tj ET Q q 0 0 0 rg BT 108.23 638.60 Td (update ) Tj ET Q q 0 0 0 rg BT 137.38 638.60 Td (will: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 620.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 620.60 Td (require ) Tj ET Q q 0 0 0 rg BT 148.78 620.60 Td (all ) Tj ET Q q 0 0 0 rg BT 162.25 620.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 190.71 620.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 231.95 620.60 Td (\(other ) Tj ET Q q 0 0 0 rg BT 259.29 620.60 Td (than ) Tj ET Q q 0 0 0 rg BT 279.98 620.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 308.44 620.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 359.69 620.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 403.69 620.60 Td (for ) Tj ET Q q 0 0 0 rg BT 418.82 620.60 Td (under ) Tj ET Q q 0 0 0 rg BT 445.05 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 460.74 620.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 489.20 620.60 Td (method ) Tj ET Q q 0 0 0 rg BT 522.67 620.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 608.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 163.77 608.60 Td (or ) Tj ET Q q 0 0 0 rg BT 175.00 608.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 214.55 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.67 608.60 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 286.45 608.60 Td (of ) Tj ET Q q 0 0 0 rg BT 297.67 608.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.79 608.60 Td (investee\) ) Tj ET Q q 0 0 0 rg BT 351.78 608.60 Td (to ) Tj ET Q q 0 0 0 rg BT 362.46 608.60 Td (be ) Tj ET Q q 0 0 0 rg BT 374.79 608.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 416.01 608.60 Td (at ) Tj ET Q q 0 0 0 rg BT 426.12 608.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 442.90 608.60 Td (value ) Tj ET Q q 0 0 0 rg BT 467.45 608.60 Td (with ) Tj ET Q q 0 0 0 rg BT 488.13 608.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.23 608.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 596.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 133.45 596.60 Td (value ) Tj ET Q q 0 0 0 rg BT 157.69 596.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 204.13 596.60 Td (through ) Tj ET Q q 0 0 0 rg BT 237.81 596.60 Td (net ) Tj ET Q q 0 0 0 rg BT 252.61 596.60 Td (income. ) Tj ET Q q 0 0 0 rg BT 287.12 596.60 Td (Equity ) Tj ET Q q 0 0 0 rg BT 316.36 596.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 356.70 596.60 Td (may ) Tj ET Q q 0 0 0 rg BT 376.49 596.60 Td (be ) Tj ET Q q 0 0 0 rg BT 388.51 596.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 429.40 596.60 Td (at ) Tj ET Q q 0 0 0 rg BT 439.20 596.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 457.88 596.60 Td (minus ) Tj ET Q q 0 0 0 rg BT 484.91 596.60 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 584.60 Td (that ) Tj ET Q q 0 0 0 rg BT 134.50 584.60 Td (do ) Tj ET Q q 0 0 0 rg BT 147.00 584.60 Td (not ) Tj ET Q q 0 0 0 rg BT 162.27 584.60 Td (have ) Tj ET Q q 0 0 0 rg BT 183.65 584.60 Td (readily ) Tj ET Q q 0 0 0 rg BT 213.91 584.60 Td (determinable ) Tj ET Q q 0 0 0 rg BT 268.61 584.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 284.99 584.60 Td (values) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 572.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 572.60 Td (require ) Tj ET Q q 0 0 0 rg BT 148.57 572.60 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 194.03 572.60 Td (assessment ) Tj ET Q q 0 0 0 rg BT 241.72 572.60 Td (for ) Tj ET Q q 0 0 0 rg BT 256.63 572.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 305.99 572.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.57 572.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 345.82 572.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 396.85 572.60 Td (without ) Tj ET Q q 0 0 0 rg BT 430.66 572.60 Td (readily ) Tj ET Q q 0 0 0 rg BT 461.67 572.60 Td (determinable ) Tj ET Q q 0 0 0 rg BT 517.12 572.60 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 560.60 Td (values ) Tj ET Q q 0 0 0 rg BT 146.06 560.60 Td (at ) Tj ET Q q 0 0 0 rg BT 156.78 560.60 Td (each ) Tj ET Q q 0 0 0 rg BT 178.60 560.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 218.77 560.60 Td (period ) Tj ET Q q 0 0 0 rg BT 247.82 560.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 268.27 560.60 Td (if ) Tj ET Q q 0 0 0 rg BT 277.89 560.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.61 560.60 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 339.33 560.60 Td (assessment ) Tj ET Q q 0 0 0 rg BT 387.27 560.60 Td (indicates ) Tj ET Q q 0 0 0 rg BT 426.32 560.60 Td (that ) Tj ET Q q 0 0 0 rg BT 444.83 560.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 494.43 560.60 Td (exists, ) Tj ET Q q 0 0 0 rg BT 523.22 560.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 548.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 152.82 548.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.53 548.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 213.91 548.60 Td (at ) Tj ET Q q 0 0 0 rg BT 223.63 548.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 240.01 548.60 Td (value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 536.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 536.60 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 156.29 536.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.58 536.60 Td (requirement ) Tj ET Q q 0 0 0 rg BT 220.97 536.60 Td (to ) Tj ET Q q 0 0 0 rg BT 230.83 536.60 Td (disclose ) Tj ET Q q 0 0 0 rg BT 265.13 536.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.42 536.60 Td (methods ) Tj ET Q q 0 0 0 rg BT 315.39 536.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.90 536.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 376.20 536.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 427.72 536.60 Td (used ) Tj ET Q q 0 0 0 rg BT 448.13 536.60 Td (to ) Tj ET Q q 0 0 0 rg BT 457.99 536.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 493.39 536.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.34 536.60 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 524.60 Td (\(which ) Tj ET Q q 0 0 0 rg BT 147.34 524.60 Td (is ) Tj ET Q q 0 0 0 rg BT 156.58 524.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 195.25 524.60 Td (required ) Tj ET Q q 0 0 0 rg BT 231.14 524.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.49 524.60 Td (be ) Tj ET Q q 0 0 0 rg BT 253.50 524.60 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 293.29 524.60 Td (for ) Tj ET Q q 0 0 0 rg BT 307.52 524.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 345.07 524.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 394.31 524.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 435.20 524.60 Td (at ) Tj ET Q q 0 0 0 rg BT 444.99 524.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 487.54 524.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 506.22 524.60 Td (on ) Tj ET Q q 0 0 0 rg BT 518.79 524.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 512.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 150.03 512.60 Td (sheet\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 494.60 Td (The ) Tj ET Q q 0 0 0 rg BT 121.62 494.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 174.73 494.60 Td (in ) Tj ET Q q 0 0 0 rg BT 185.08 494.60 Td (this ) Tj ET Q q 0 0 0 rg BT 201.54 494.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 224.11 494.60 Td (should ) Tj ET Q q 0 0 0 rg BT 253.36 494.60 Td (be ) Tj ET Q q 0 0 0 rg BT 265.37 494.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 297.37 494.60 Td (by ) Tj ET Q q 0 0 0 rg BT 309.94 494.60 Td (means ) Tj ET Q q 0 0 0 rg BT 338.06 494.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.97 494.60 Td (a ) Tj ET Q q 0 0 0 rg BT 355.98 494.60 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 411.32 494.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 428.88 494.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 475.34 494.60 Td (to ) Tj ET Q q 0 0 0 rg BT 485.69 494.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.48 494.60 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 482.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 104.32 482.60 Td (as ) Tj ET Q q 0 0 0 rg BT 115.42 482.60 Td (of ) Tj ET Q q 0 0 0 rg BT 126.52 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 141.50 482.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 184.27 482.60 Td (of ) Tj ET Q q 0 0 0 rg BT 195.37 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.36 482.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 234.78 482.60 Td (year ) Tj ET Q q 0 0 0 rg BT 254.76 482.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.86 482.60 Td (adoption, ) Tj ET Q q 0 0 0 rg BT 306.12 482.60 Td (and ) Tj ET Q q 0 0 0 rg BT 323.33 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.32 482.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 391.63 482.60 Td (related ) Tj ET Q q 0 0 0 rg BT 421.60 482.60 Td (to ) Tj ET Q q 0 0 0 rg BT 432.15 482.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 459.92 482.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 500.45 482.60 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 470.60 Td (readily ) Tj ET Q q 0 0 0 rg BT 111.29 470.60 Td (determinable ) Tj ET Q q 0 0 0 rg BT 166.01 470.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 182.41 470.60 Td (values ) Tj ET Q q 0 0 0 rg BT 210.48 470.60 Td (should ) Tj ET Q q 0 0 0 rg BT 239.68 470.60 Td (be ) Tj ET Q q 0 0 0 rg BT 251.64 470.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 283.60 470.60 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 339.99 470.60 Td (to ) Tj ET Q q 0 0 0 rg BT 350.30 470.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 377.82 470.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 428.11 470.60 Td (that ) Tj ET Q q 0 0 0 rg BT 445.63 470.60 Td (exist ) Tj ET Q q 0 0 0 rg BT 467.04 470.60 Td (as ) Tj ET Q q 0 0 0 rg BT 477.90 470.60 Td (of ) Tj ET Q q 0 0 0 rg BT 488.75 470.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.50 470.60 Td (date ) Tj ET Q q 0 0 0 rg BT 522.67 470.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 458.60 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 121.87 458.60 Td (The ) Tj ET Q q 0 0 0 rg BT 141.04 458.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 183.56 458.60 Td (will ) Tj ET Q q 0 0 0 rg BT 202.75 458.60 Td (not ) Tj ET Q q 0 0 0 rg BT 219.17 458.60 Td (early ) Tj ET Q q 0 0 0 rg BT 242.78 458.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 268.63 458.60 Td (this ) Tj ET Q q 0 0 0 rg BT 286.71 458.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 324.22 458.60 Td (and ) Tj ET Q q 0 0 0 rg BT 342.29 458.60 Td (is ) Tj ET Q q 0 0 0 rg BT 352.60 458.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 392.32 458.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 437.61 458.60 Td (the ) Tj ET Q q 0 0 0 rg BT 453.46 458.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 484.30 458.60 Td (of ) Tj ET Q q 0 0 0 rg BT 496.26 458.60 Td (this ) Tj ET Q q 0 0 0 rg BT 514.35 458.60 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 446.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 127.37 446.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 165.97 446.60 Td (on ) Tj ET Q q 0 0 0 rg BT 178.47 446.60 Td (its ) Tj ET Q q 0 0 0 rg BT 190.41 446.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 243.46 446.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.94 446.60 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 422.60 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 147.60 422.60 Td (to ) Tj ET Q q 0 0 0 rg BT 157.88 422.60 Td (Lease ) Tj ET Q q 0 0 0 rg BT 183.53 422.60 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 404.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.02 404.60 Td (February ) Tj ET Q q 0 0 0 rg BT 154.32 404.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 180.01 404.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.42 404.60 Td (F) Tj ET Q q 0 0 0 rg BT 200.24 404.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 222.88 404.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 251.08 404.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 290.37 404.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 329.65 404.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 356.18 404.60 Td (2016-02, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 395.20 404.60 Td (Leases ) Tj ET Q q 0 0 0 rg BT 425.62 404.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 433.59 404.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 454.00 404.60 Td (842\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.33 404.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 481.36 404.60 Td (ef) Tj ET Q q 0 0 0 rg BT 488.94 404.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 519.34 404.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 106.45 392.60 Td (years ) Tj ET Q q 0 0 0 rg BT 131.35 392.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 175.15 392.60 Td (after ) Tj ET Q q 0 0 0 rg BT 197.26 392.60 Td (December ) Tj ET Q q 0 0 0 rg BT 242.14 392.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 258.44 392.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 284.74 392.60 Td (including ) Tj ET Q q 0 0 0 rg BT 326.31 392.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 358.99 392.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 392.23 392.60 Td (within ) Tj ET Q q 0 0 0 rg BT 421.59 392.60 Td (those ) Tj ET Q q 0 0 0 rg BT 446.49 392.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 471.95 392.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 499.34 392.60 Td (Notable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 380.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 134.04 380.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.32 380.60 Td (this ) Tj ET Q q 0 0 0 rg BT 161.27 380.60 Td (update ) Tj ET Q q 0 0 0 rg BT 190.42 380.60 Td (will: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 362.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 362.60 Td (require ) Tj ET Q q 0 0 0 rg BT 148.18 362.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 179.93 362.60 Td (to ) Tj ET Q q 0 0 0 rg BT 190.58 362.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 232.31 362.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.39 362.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 273.04 362.60 Td (and ) Tj ET Q q 0 0 0 rg BT 290.35 362.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 337.66 362.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 375.52 362.60 Td (from ) Tj ET Q q 0 0 0 rg BT 397.83 362.60 Td (all ) Tj ET Q q 0 0 0 rg BT 410.69 362.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 437.43 362.60 Td (or ) Tj ET Q q 0 0 0 rg BT 448.63 362.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 471.48 362.60 Td (components ) Tj ET Q q 0 0 0 rg BT 522.68 362.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 350.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 158.33 350.60 Td (including ) Tj ET Q q 0 0 0 rg BT 198.84 350.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 239.34 350.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 268.45 350.60 Td (as ) Tj ET Q q 0 0 0 rg BT 279.52 350.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 302.24 350.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 328.30 350.60 Td (and ) Tj ET Q q 0 0 0 rg BT 345.48 350.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 368.20 350.60 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 410.65 350.60 Td (with ) Tj ET Q q 0 0 0 rg BT 431.17 350.60 Td (an ) Tj ET Q q 0 0 0 rg BT 443.34 350.60 Td (exception ) Tj ET Q q 0 0 0 rg BT 484.95 350.60 Td (allowed ) Tj ET Q q 0 0 0 rg BT 519.34 350.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 338.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 143.38 338.60 Td (with ) Tj ET Q q 0 0 0 rg BT 163.66 338.60 Td (a ) Tj ET Q q 0 0 0 rg BT 170.59 338.60 Td (term ) Tj ET Q q 0 0 0 rg BT 191.42 338.60 Td (of ) Tj ET Q q 0 0 0 rg BT 202.25 338.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 214.75 338.60 Td (months ) Tj ET Q q 0 0 0 rg BT 246.70 338.60 Td (or ) Tj ET Q q 0 0 0 rg BT 257.53 338.60 Td (less) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 326.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 326.60 Td (create ) Tj ET Q q 0 0 0 rg BT 143.27 326.60 Td (a ) Tj ET Q q 0 0 0 rg BT 150.12 326.60 Td (distinction ) Tj ET Q q 0 0 0 rg BT 194.74 326.60 Td (between ) Tj ET Q q 0 0 0 rg BT 230.47 326.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 262.30 326.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 288.58 326.60 Td (and ) Tj ET Q q 0 0 0 rg BT 305.43 326.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 345.60 326.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 374.38 326.60 Td (with ) Tj ET Q q 0 0 0 rg BT 394.57 326.60 Td (classification ) Tj ET Q q 0 0 0 rg BT 449.73 326.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 480.45 326.60 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 314.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 147.27 314.60 Td (to ) Tj ET Q q 0 0 0 rg BT 157.55 314.60 Td (that ) Tj ET Q q 0 0 0 rg BT 175.05 314.60 Td (for ) Tj ET Q q 0 0 0 rg BT 189.21 314.60 Td (distinguishing ) Tj ET Q q 0 0 0 rg BT 248.38 314.60 Td (between ) Tj ET Q q 0 0 0 rg BT 284.20 314.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 313.35 314.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 339.72 314.60 Td (and ) Tj ET Q q 0 0 0 rg BT 356.66 314.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 396.93 314.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 423.30 314.60 Td (under ) Tj ET Q q 0 0 0 rg BT 448.57 314.60 Td (previous ) Tj ET Q q 0 0 0 rg BT 485.51 314.60 Td (guidance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 302.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 302.60 Td (not ) Tj ET Q q 0 0 0 rg BT 132.34 302.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 157.66 302.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.44 302.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 218.87 302.60 Td (model ) Tj ET Q q 0 0 0 rg BT 246.43 302.60 Td (for ) Tj ET Q q 0 0 0 rg BT 260.65 302.60 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 302.07 302.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 328.51 302.60 Td (under ) Tj ET Q q 0 0 0 rg BT 353.83 302.60 Td (previous ) Tj ET Q q 0 0 0 rg BT 390.83 302.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 429.49 302.60 Td (for ) Tj ET Q q 0 0 0 rg BT 443.71 302.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 470.14 302.60 Td (that ) Tj ET Q q 0 0 0 rg BT 487.70 302.60 Td (commence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 290.60 Td (after ) Tj ET Q q 0 0 0 rg BT 137.82 290.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.53 290.60 Td (ef) Tj ET Q q 0 0 0 rg BT 160.12 290.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 189.82 290.60 Td (date ) Tj ET Q q 0 0 0 rg BT 208.98 290.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.26 290.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 241.76 290.60 Td (2016-02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 278.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 278.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 151.24 278.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 194.92 278.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 234.71 278.60 Td (on ) Tj ET Q q 0 0 0 rg BT 248.41 278.60 Td (separating ) Tj ET Q q 0 0 0 rg BT 293.19 278.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.10 278.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 332.78 278.60 Td (components ) Tj ET Q q 0 0 0 rg BT 384.80 278.60 Td (from ) Tj ET Q q 0 0 0 rg BT 407.94 278.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.85 278.60 Td (nonlease ) Tj ET Q q 0 0 0 rg BT 462.52 278.60 Td (components ) Tj ET Q q 0 0 0 rg BT 514.54 278.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.57 278.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 266.60 Td (contract) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 254.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 254.60 Td (require ) Tj ET Q q 0 0 0 rg BT 150.39 254.60 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 197.68 254.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 247.19 254.60 Td (along ) Tj ET Q q 0 0 0 rg BT 274.48 254.60 Td (with ) Tj ET Q q 0 0 0 rg BT 297.34 254.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 333.51 254.60 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 385.79 254.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 435.31 254.60 Td (to ) Tj ET Q q 0 0 0 rg BT 448.16 254.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 483.79 254.60 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 242.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 157.82 242.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.53 242.60 Td (amount, ) Tj ET Q q 0 0 0 rg BT 207.53 242.60 Td (timing, ) Tj ET Q q 0 0 0 rg BT 238.64 242.60 Td (and ) Tj ET Q q 0 0 0 rg BT 255.58 242.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 303.06 242.60 Td (of ) Tj ET Q q 0 0 0 rg BT 313.89 242.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 334.16 242.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 358.88 242.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 388.60 242.60 Td (from ) Tj ET Q q 0 0 0 rg BT 410.54 242.60 Td (leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 230.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 230.60 Td (include ) Tj ET Q q 0 0 0 rg BT 148.32 230.60 Td (modifications ) Tj ET Q q 0 0 0 rg BT 205.20 230.60 Td (to ) Tj ET Q q 0 0 0 rg BT 214.86 230.60 Td (align ) Tj ET Q q 0 0 0 rg BT 236.74 230.60 Td (lessor ) Tj ET Q q 0 0 0 rg BT 261.96 230.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 307.72 230.60 Td (with ) Tj ET Q q 0 0 0 rg BT 327.38 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 341.48 230.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 375.58 230.60 Td (to ) Tj ET Q q 0 0 0 rg BT 385.24 230.60 Td (lessee ) Tj ET Q q 0 0 0 rg BT 411.01 230.60 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 459.26 230.60 Td (as ) Tj ET Q q 0 0 0 rg BT 469.48 230.60 Td (well ) Tj ET Q q 0 0 0 rg BT 488.58 230.60 Td (as ) Tj ET Q q 0 0 0 rg BT 498.80 230.60 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 218.60 Td (to ) Tj ET Q q 0 0 0 rg BT 126.16 218.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.75 218.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 193.34 218.60 Td (of ) Tj ET Q q 0 0 0 rg BT 203.04 218.60 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 251.63 218.60 Td (a ) Tj ET Q q 0 0 0 rg BT 257.44 218.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 302.70 218.60 Td (as ) Tj ET Q q 0 0 0 rg BT 312.41 218.60 Td (a ) Tj ET Q q 0 0 0 rg BT 318.22 218.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 335.15 218.60 Td (and ) Tj ET Q q 0 0 0 rg BT 350.97 218.60 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 391.21 218.60 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 438.96 218.60 Td (however) Tj ET Q q 0 0 0 rg BT 472.99 218.60 Td (, ) Tj ET Q q 0 0 0 rg BT 476.87 218.60 Td (these ) Tj ET Q q 0 0 0 rg BT 498.79 218.60 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 206.60 Td (will ) Tj ET Q q 0 0 0 rg BT 135.06 206.60 Td (have ) Tj ET Q q 0 0 0 rg BT 156.43 206.60 Td (no ) Tj ET Q q 0 0 0 rg BT 168.93 206.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 198.65 206.60 Td (on ) Tj ET Q q 0 0 0 rg BT 211.15 206.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.86 206.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 272.94 206.60 Td (current ) Tj ET Q q 0 0 0 rg BT 303.76 206.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 326.24 206.60 Td (arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 188.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.68 188.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 176.85 188.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.27 188.60 Td (this ) Tj ET Q q 0 0 0 rg BT 205.54 188.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 229.18 188.60 Td (may ) Tj ET Q q 0 0 0 rg BT 250.03 188.60 Td (be ) Tj ET Q q 0 0 0 rg BT 263.10 188.60 Td (early ) Tj ET Q q 0 0 0 rg BT 286.72 188.60 Td (adopted. ) Tj ET Q q 0 0 0 rg BT 324.25 188.60 Td (The ) Tj ET Q q 0 0 0 rg BT 343.43 188.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 397.60 188.60 Td (are ) Tj ET Q q 0 0 0 rg BT 413.44 188.60 Td (required ) Tj ET Q q 0 0 0 rg BT 450.39 188.60 Td (to ) Tj ET Q q 0 0 0 rg BT 461.80 188.60 Td (be ) Tj ET Q q 0 0 0 rg BT 474.87 188.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 507.94 188.60 Td (at ) Tj ET Q q 0 0 0 rg BT 518.79 188.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 176.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 124.38 176.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.10 176.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.71 176.60 Td (earliest ) Tj ET Q q 0 0 0 rg BT 183.96 176.60 Td (period ) Tj ET Q q 0 0 0 rg BT 212.90 176.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 254.60 176.60 Td (using ) Tj ET Q q 0 0 0 rg BT 279.66 176.60 Td (a ) Tj ET Q q 0 0 0 rg BT 287.49 176.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 326.98 176.60 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 382.01 176.60 Td (approach ) Tj ET Q q 0 0 0 rg BT 422.04 176.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 466.53 176.60 Td (several ) Tj ET Q q 0 0 0 rg BT 498.23 176.60 Td (optional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 164.60 Td (practical ) Tj ET Q q 0 0 0 rg BT 117.38 164.60 Td (expedients ) Tj ET Q q 0 0 0 rg BT 162.10 164.60 Td (related ) Tj ET Q q 0 0 0 rg BT 191.26 164.60 Td (to ) Tj ET Q q 0 0 0 rg BT 201.00 164.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 226.84 164.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 277.11 164.60 Td (before ) Tj ET Q q 0 0 0 rg BT 304.60 164.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.78 164.60 Td (ef) Tj ET Q q 0 0 0 rg BT 326.37 164.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 355.53 164.60 Td (date\). ) Tj ET Q q 0 0 0 rg BT 379.83 164.60 Td (The ) Tj ET Q q 0 0 0 rg BT 397.34 164.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 438.19 164.60 Td (will ) Tj ET Q q 0 0 0 rg BT 455.70 164.60 Td (not ) Tj ET Q q 0 0 0 rg BT 470.44 164.60 Td (early ) Tj ET Q q 0 0 0 rg BT 492.38 164.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 516.56 164.60 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 118.44 152.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.44 152.60 Td (is ) Tj ET Q q 0 0 0 rg BT 146.68 152.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 186.34 152.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 231.55 152.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.33 152.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 278.11 152.60 Td (of ) Tj ET Q q 0 0 0 rg BT 290.00 152.60 Td (this ) Tj ET Q q 0 0 0 rg BT 308.02 152.60 Td (new ) Tj ET Q q 0 0 0 rg BT 328.24 152.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 375.68 152.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 415.34 152.60 Td (on ) Tj ET Q q 0 0 0 rg BT 428.90 152.60 Td (its ) Tj ET Q q 0 0 0 rg BT 441.91 152.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 496.02 152.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.60 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 116.60 Td (New ) Tj ET Q q 0 0 0 rg BT 114.28 116.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 124.47 116.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 141.96 116.60 Td (Loss ) Tj ET Q q 0 0 0 rg BT 162.81 116.60 Td (Standar) Tj ET Q q 0 0 0 rg BT 194.11 116.60 Td (d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 98.60 Td (In ) Tj ET Q q 0 0 0 rg BT 114.39 98.60 Td (June ) Tj ET Q q 0 0 0 rg BT 135.29 98.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 160.35 98.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.13 98.60 Td (F) Tj ET Q q 0 0 0 rg BT 179.95 98.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 201.97 98.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 229.53 98.60 Td (new ) Tj ET Q q 0 0 0 rg BT 248.75 98.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 287.41 98.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 313.31 98.60 Td (2016-13, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.70 98.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 393.15 98.60 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 442.93 98.60 Td (- ) Tj ET Q q 0 0 0 rg BT 448.83 98.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 459.02 98.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 476.58 98.60 Td (Losses ) Tj ET Q q 0 0 0 rg BT 505.81 98.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 513.79 98.60 Td (opic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 86.60 Td (326\), ) Tj ET Q q 0 0 0 rg BT 103.61 86.60 Td (Measur) Tj ET Q q 0 0 0 rg BT 133.79 86.60 Td (ement ) Tj ET Q q 0 0 0 rg BT 159.45 86.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.01 86.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 179.20 86.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 195.98 86.60 Td (Losses ) Tj ET Q q 0 0 0 rg BT 224.44 86.60 Td (on ) Tj ET Q q 0 0 0 rg BT 236.22 86.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 276.88 86.60 Td (Instruments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.44 86.60 Td (, ) Tj ET Q q 0 0 0 rg BT 331.72 86.60 Td (ef) Tj ET Q q 0 0 0 rg BT 339.31 86.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 368.29 86.60 Td (for ) Tj ET Q q 0 0 0 rg BT 381.73 86.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 405.17 86.60 Td (years ) Tj ET Q q 0 0 0 rg BT 428.05 86.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 469.83 86.60 Td (after ) Tj ET Q q 0 0 0 rg BT 489.93 86.60 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 74.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 94.78 74.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 116.06 74.60 Td (and ) Tj ET Q q 0 0 0 rg BT 131.78 74.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 161.95 74.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 192.67 74.60 Td (within ) Tj ET Q q 0 0 0 rg BT 219.51 74.60 Td (those ) Tj ET Q q 0 0 0 rg BT 241.90 74.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 264.83 74.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 289.71 74.60 Td (Notable ) Tj ET Q q 0 0 0 rg BT 322.65 74.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 374.47 74.60 Td (in ) Tj ET Q q 0 0 0 rg BT 383.53 74.60 Td (this ) Tj ET Q q 0 0 0 rg BT 399.26 74.60 Td (update ) Tj ET Q q 0 0 0 rg BT 427.20 74.60 Td (will ) Tj ET Q q 0 0 0 rg BT 444.04 74.60 Td (change ) Tj ET Q q 0 0 0 rg BT 473.64 74.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.14 74.60 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 62.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.16 62.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 143.76 62.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.59 62.60 Td (most ) Tj ET Q q 0 0 0 rg BT 176.54 62.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.02 62.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 239.85 62.60 Td (and ) Tj ET Q q 0 0 0 rg BT 256.79 62.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 286.49 62.60 Td (other ) Tj ET Q q 0 0 0 rg BT 309.54 62.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 358.70 62.60 Td (in ) Tj ET Q q 0 0 0 rg BT 368.98 62.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.70 62.60 Td (following ) Tj ET Q q 0 0 0 rg BT 425.08 62.60 Td (ways: ) Tj ET Q endstream endobj 247 0 obj <>] /Rotate 0 /Contents 248 0 R>> endobj 248 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 735.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 735.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 153.79 735.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 178.94 735.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 192.41 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 198.67 735.60 Td (group ) Tj ET Q q 0 0 0 rg BT 223.81 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.95 735.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.75 735.60 Td (assets\) ) Tj ET Q q 0 0 0 rg BT 299.22 735.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 339.35 735.60 Td (at ) Tj ET Q q 0 0 0 rg BT 348.38 735.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 390.18 735.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 408.10 735.60 Td (will ) Tj ET Q q 0 0 0 rg BT 425.47 735.60 Td (be ) Tj ET Q q 0 0 0 rg BT 436.72 735.60 Td (required ) Tj ET Q q 0 0 0 rg BT 471.85 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 481.44 735.60 Td (be ) Tj ET Q q 0 0 0 rg BT 492.70 735.60 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 723.60 Td (at ) Tj ET Q q 0 0 0 rg BT 125.82 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.64 723.60 Td (net ) Tj ET Q q 0 0 0 rg BT 153.46 723.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 185.05 723.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 222.19 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 231.57 723.60 Td (be ) Tj ET Q q 0 0 0 rg BT 242.61 723.60 Td (collected, ) Tj ET Q q 0 0 0 rg BT 282.80 723.60 Td (with ) Tj ET Q q 0 0 0 rg BT 302.18 723.60 Td (an ) Tj ET Q q 0 0 0 rg BT 313.22 723.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 355.35 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 368.61 723.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 392.98 723.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 418.47 723.60 Td (deducted ) Tj ET Q q 0 0 0 rg BT 456.17 723.60 Td (from ) Tj ET Q q 0 0 0 rg BT 477.21 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 491.02 723.60 Td (amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 711.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 136.04 711.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 161.47 711.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 199.40 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 210.11 711.60 Td (a ) Tj ET Q q 0 0 0 rg BT 217.48 711.60 Td (net ) Tj ET Q q 0 0 0 rg BT 232.62 711.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 268.87 711.60 Td (value ) Tj ET Q q 0 0 0 rg BT 293.46 711.60 Td (that ) Tj ET Q q 0 0 0 rg BT 311.38 711.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 343.74 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 358.89 711.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 391.81 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.96 711.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 432.67 711.60 Td (expects ) Tj ET Q q 0 0 0 rg BT 465.58 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 476.29 711.60 Td (collect ) Tj ET Q q 0 0 0 rg BT 505.87 711.60 Td (on ) Tj ET Q q 0 0 0 rg BT 518.80 711.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 699.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.48 699.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 176.42 699.60 Td (at ) Tj ET Q q 0 0 0 rg BT 186.14 699.60 Td (purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 681.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 681.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 141.77 681.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 167.66 681.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 200.20 681.60 Td (to ) Tj ET Q q 0 0 0 rg BT 209.98 681.60 Td (available-for) Tj ET Q q 0 0 0 rg BT 260.86 681.60 Td (-sale ) Tj ET Q q 0 0 0 rg BT 281.74 681.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 304.29 681.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 340.17 681.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 379.94 681.60 Td (will ) Tj ET Q q 0 0 0 rg BT 397.50 681.60 Td (be ) Tj ET Q q 0 0 0 rg BT 408.94 681.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 445.92 681.60 Td (through ) Tj ET Q q 0 0 0 rg BT 479.03 681.60 Td (an ) Tj ET Q q 0 0 0 rg BT 490.47 681.60 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 669.60 Td (for ) Tj ET Q q 0 0 0 rg BT 130.25 669.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 154.60 669.60 Td (losses, ) Tj ET Q q 0 0 0 rg BT 182.57 669.60 Td (rather ) Tj ET Q q 0 0 0 rg BT 207.47 669.60 Td (than ) Tj ET Q q 0 0 0 rg BT 226.28 669.60 Td (reductions ) Tj ET Q q 0 0 0 rg BT 269.52 669.60 Td (in ) Tj ET Q q 0 0 0 rg BT 278.88 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.69 669.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 334.25 669.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 351.95 669.60 Td (of ) Tj ET Q q 0 0 0 rg BT 361.86 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 375.67 669.60 Td (securities. ) Tj ET Q q 0 0 0 rg BT 417.51 669.60 Td ( ) Tj ET Q q 0 0 0 rg BT 418.99 669.60 Td (The ) Tj ET Q q 0 0 0 rg BT 436.12 669.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 478.24 669.60 Td (methodology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 657.60 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 162.33 657.60 Td (that ) Tj ET Q q 0 0 0 rg BT 179.90 657.60 Td (value ) Tj ET Q q 0 0 0 rg BT 204.13 657.60 Td (may ) Tj ET Q q 0 0 0 rg BT 223.92 657.60 Td (be ) Tj ET Q q 0 0 0 rg BT 235.93 657.60 Td (realized ) Tj ET Q q 0 0 0 rg BT 270.15 657.60 Td (either ) Tj ET Q q 0 0 0 rg BT 295.49 657.60 Td (through ) Tj ET Q q 0 0 0 rg BT 329.17 657.60 Td (collection ) Tj ET Q q 0 0 0 rg BT 371.17 657.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.08 657.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 429.07 657.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 449.42 657.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 474.21 657.60 Td (or ) Tj ET Q q 0 0 0 rg BT 485.12 657.60 Td (through ) Tj ET Q q 0 0 0 rg BT 518.80 657.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 645.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 134.53 645.60 Td (of ) Tj ET Q q 0 0 0 rg BT 144.85 645.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.05 645.60 Td (security) Tj ET Q q 0 0 0 rg BT 190.05 645.60 Td (. ) Tj ET Q q 0 0 0 rg BT 194.54 645.60 Td ( ) Tj ET Q q 0 0 0 rg BT 196.38 645.60 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 240.28 645.60 Td (the ) Tj ET Q q 0 0 0 rg BT 254.48 645.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 286.46 645.60 Td (of ) Tj ET Q q 0 0 0 rg BT 296.78 645.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.98 645.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 353.49 645.60 Td (for ) Tj ET Q q 0 0 0 rg BT 367.14 645.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 391.89 645.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 417.76 645.60 Td (will ) Tj ET Q q 0 0 0 rg BT 435.31 645.60 Td (be ) Tj ET Q q 0 0 0 rg BT 446.73 645.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 477.04 645.60 Td (to ) Tj ET Q q 0 0 0 rg BT 486.81 645.60 Td (the ) Tj ET Q q 0 0 0 rg BT 501.01 645.60 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 633.60 Td (by ) Tj ET Q q 0 0 0 rg BT 129.83 633.60 Td (which ) Tj ET Q q 0 0 0 rg BT 157.10 633.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 173.80 633.60 Td (value ) Tj ET Q q 0 0 0 rg BT 198.29 633.60 Td (is ) Tj ET Q q 0 0 0 rg BT 207.79 633.60 Td (below ) Tj ET Q q 0 0 0 rg BT 235.06 633.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 277.87 633.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 296.80 633.60 Td (because ) Tj ET Q q 0 0 0 rg BT 331.28 633.60 Td (the ) Tj ET Q q 0 0 0 rg BT 346.33 633.60 Td (classification ) Tj ET Q q 0 0 0 rg BT 401.91 633.60 Td (as ) Tj ET Q q 0 0 0 rg BT 413.07 633.60 Td (available ) Tj ET Q q 0 0 0 rg BT 451.99 633.60 Td (for ) Tj ET Q q 0 0 0 rg BT 466.48 633.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 484.86 633.60 Td (is ) Tj ET Q q 0 0 0 rg BT 494.36 633.60 Td (premised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 621.60 Td (on ) Tj ET Q q 0 0 0 rg BT 128.96 621.60 Td (an ) Tj ET Q q 0 0 0 rg BT 140.36 621.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 186.20 621.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 219.81 621.60 Td (that ) Tj ET Q q 0 0 0 rg BT 236.77 621.60 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 281.48 621.60 Td (that ) Tj ET Q q 0 0 0 rg BT 298.44 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.61 621.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 358.45 621.60 Td (could ) Tj ET Q q 0 0 0 rg BT 382.63 621.60 Td (be ) Tj ET Q q 0 0 0 rg BT 394.03 621.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 412.66 621.60 Td (at ) Tj ET Q q 0 0 0 rg BT 421.83 621.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 437.67 621.60 Td (value, ) Tj ET Q q 0 0 0 rg BT 463.78 621.60 Td (if ) Tj ET Q q 0 0 0 rg BT 471.85 621.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 491.58 621.60 Td (collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 609.60 Td (would ) Tj ET Q q 0 0 0 rg BT 144.50 609.60 Td (result ) Tj ET Q q 0 0 0 rg BT 169.22 609.60 Td (in ) Tj ET Q q 0 0 0 rg BT 179.50 609.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.21 609.60 Td (realization ) Tj ET Q q 0 0 0 rg BT 238.91 609.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.74 609.60 Td (an ) Tj ET Q q 0 0 0 rg BT 261.68 609.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 294.17 609.60 Td (less ) Tj ET Q q 0 0 0 rg BT 311.67 609.60 Td (than ) Tj ET Q q 0 0 0 rg BT 331.39 609.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 347.77 609.60 Td (value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 591.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.79 591.60 Td (income ) Tj ET Q q 0 0 0 rg BT 161.79 591.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 201.68 591.60 Td (will ) Tj ET Q q 0 0 0 rg BT 218.80 591.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 245.90 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.69 591.60 Td (measurement ) Tj ET Q q 0 0 0 rg BT 314.57 591.60 Td (of ) Tj ET Q q 0 0 0 rg BT 324.47 591.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 361.57 591.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 385.90 591.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 411.36 591.60 Td (for ) Tj ET Q q 0 0 0 rg BT 424.59 591.60 Td (newly ) Tj ET Q q 0 0 0 rg BT 450.60 591.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 496.03 591.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 579.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 143.64 579.60 Td (as ) Tj ET Q q 0 0 0 rg BT 155.29 579.60 Td (well ) Tj ET Q q 0 0 0 rg BT 175.82 579.60 Td (as ) Tj ET Q q 0 0 0 rg BT 187.46 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.00 579.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 241.84 579.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 281.80 579.60 Td (or ) Tj ET Q q 0 0 0 rg BT 293.45 579.60 Td (decreases ) Tj ET Q q 0 0 0 rg BT 335.07 579.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 379.49 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 395.02 579.60 Td (reversal ) Tj ET Q q 0 0 0 rg BT 429.98 579.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.62 579.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 487.15 579.60 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 567.60 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 146.77 567.60 Td (of ) Tj ET Q q 0 0 0 rg BT 157.64 567.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 195.72 567.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 221.03 567.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 247.47 567.60 Td (that ) Tj ET Q q 0 0 0 rg BT 265.01 567.60 Td (have ) Tj ET Q q 0 0 0 rg BT 286.44 567.60 Td (taken ) Tj ET Q q 0 0 0 rg BT 310.64 567.60 Td (place ) Tj ET Q q 0 0 0 rg BT 334.28 567.60 Td (during ) Tj ET Q q 0 0 0 rg BT 362.93 567.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.70 567.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 408.29 567.60 Td ( ) Tj ET Q q 0 0 0 rg BT 410.65 567.60 Td (The ) Tj ET Q q 0 0 0 rg BT 428.74 567.60 Td (measurement ) Tj ET Q q 0 0 0 rg BT 484.60 567.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.48 567.60 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 555.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 142.30 555.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 168.74 555.60 Td (is ) Tj ET Q q 0 0 0 rg BT 177.95 555.60 Td (based ) Tj ET Q q 0 0 0 rg BT 203.26 555.60 Td (on ) Tj ET Q q 0 0 0 rg BT 215.80 555.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 250.54 555.60 Td (information ) Tj ET Q q 0 0 0 rg BT 300.29 555.60 Td (about ) Tj ET Q q 0 0 0 rg BT 325.05 555.60 Td (past ) Tj ET Q q 0 0 0 rg BT 343.70 555.60 Td (events, ) Tj ET Q q 0 0 0 rg BT 374.29 555.60 Td (including ) Tj ET Q q 0 0 0 rg BT 414.60 555.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 454.35 555.60 Td (experience, ) Tj ET Q q 0 0 0 rg BT 502.69 555.60 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 543.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 163.49 543.60 Td (and ) Tj ET Q q 0 0 0 rg BT 180.25 543.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 225.32 543.60 Td (and ) Tj ET Q q 0 0 0 rg BT 242.08 543.60 Td (supportable ) Tj ET Q q 0 0 0 rg BT 291.06 543.60 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 328.91 543.60 Td (that ) Tj ET Q q 0 0 0 rg BT 346.23 543.60 Td (af) Tj ET Q q 0 0 0 rg BT 353.82 543.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 371.12 543.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.66 543.60 Td (collectability ) Tj ET Q q 0 0 0 rg BT 440.18 543.60 Td (of ) Tj ET Q q 0 0 0 rg BT 450.83 543.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.37 543.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 501.01 543.60 Td (amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 531.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 531.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 163.70 531.60 Td (will ) Tj ET Q q 0 0 0 rg BT 181.51 531.60 Td (be ) Tj ET Q q 0 0 0 rg BT 193.21 531.60 Td (required ) Tj ET Q q 0 0 0 rg BT 228.78 531.60 Td (to ) Tj ET Q q 0 0 0 rg BT 238.82 531.60 Td (include ) Tj ET Q q 0 0 0 rg BT 270.51 531.60 Td (information ) Tj ET Q q 0 0 0 rg BT 319.98 531.60 Td (around ) Tj ET Q q 0 0 0 rg BT 350.01 531.60 Td (how ) Tj ET Q q 0 0 0 rg BT 369.49 531.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.96 531.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 408.98 531.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 426.80 531.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 469.60 531.60 Td (was ) Tj ET Q q 0 0 0 rg BT 487.41 531.60 Td (developed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 519.60 Td (further ) Tj ET Q q 0 0 0 rg BT 147.26 519.60 Td (details ) Tj ET Q q 0 0 0 rg BT 176.42 519.60 Td (on ) Tj ET Q q 0 0 0 rg BT 189.47 519.60 Td (information ) Tj ET Q q 0 0 0 rg BT 239.74 519.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 278.89 519.60 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 319.16 519.60 Td (about ) Tj ET Q q 0 0 0 rg BT 344.43 519.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 370.25 519.60 Td (quality ) Tj ET Q q 0 0 0 rg BT 401.07 519.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.46 519.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 453.28 519.60 Td (receivables ) Tj ET Q q 0 0 0 rg BT 501.30 519.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.79 519.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 507.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 168.08 507.60 Td (in ) Tj ET Q q 0 0 0 rg BT 179.17 507.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 208.85 507.60 Td (and ) Tj ET Q q 0 0 0 rg BT 226.60 507.60 Td (a ) Tj ET Q q 0 0 0 rg BT 234.34 507.60 Td (rollforward ) Tj ET Q q 0 0 0 rg BT 283.19 507.60 Td (of ) Tj ET Q q 0 0 0 rg BT 294.82 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.35 507.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 354.19 507.60 Td (for ) Tj ET Q q 0 0 0 rg BT 369.15 507.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 395.22 507.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 422.42 507.60 Td (for ) Tj ET Q q 0 0 0 rg BT 437.39 507.60 Td (available-for) Tj ET Q q 0 0 0 rg BT 488.27 507.60 Td (-sale ) Tj ET Q q 0 0 0 rg BT 510.45 507.60 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 495.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 153.38 495.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 193.65 495.60 Td (as ) Tj ET Q q 0 0 0 rg BT 204.48 495.60 Td (well ) Tj ET Q q 0 0 0 rg BT 224.19 495.60 Td (as ) Tj ET Q q 0 0 0 rg BT 235.02 495.60 Td (an ) Tj ET Q q 0 0 0 rg BT 246.96 495.60 Td (aging ) Tj ET Q q 0 0 0 rg BT 271.68 495.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 306.39 495.60 Td (for ) Tj ET Q q 0 0 0 rg BT 320.55 495.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 360.82 495.60 Td (that ) Tj ET Q q 0 0 0 rg BT 378.31 495.60 Td (are ) Tj ET Q q 0 0 0 rg BT 393.02 495.60 Td (past ) Tj ET Q q 0 0 0 rg BT 411.63 495.60 Td (due) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 477.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.38 477.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 176.26 477.60 Td (in ) Tj ET Q q 0 0 0 rg BT 187.37 477.60 Td (this ) Tj ET Q q 0 0 0 rg BT 204.42 477.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 227.76 477.60 Td (may ) Tj ET Q q 0 0 0 rg BT 248.31 477.60 Td (be ) Tj ET Q q 0 0 0 rg BT 261.08 477.60 Td (early ) Tj ET Q q 0 0 0 rg BT 284.40 477.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 319.40 477.60 Td (during ) Tj ET Q q 0 0 0 rg BT 348.84 477.60 Td (any ) Tj ET Q q 0 0 0 rg BT 366.61 477.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 398.83 477.60 Td (or ) Tj ET Q q 0 0 0 rg BT 410.49 477.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 440.48 477.60 Td (period ) Tj ET Q q 0 0 0 rg BT 469.37 477.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 512.70 477.60 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 465.60 Td (December ) Tj ET Q q 0 0 0 rg BT 125.65 465.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 141.72 465.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 167.52 465.60 Td (The ) Tj ET Q q 0 0 0 rg BT 186.64 465.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 229.09 465.60 Td (is ) Tj ET Q q 0 0 0 rg BT 239.33 465.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 278.98 465.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 324.20 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 339.98 465.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 370.76 465.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.66 465.60 Td (this ) Tj ET Q q 0 0 0 rg BT 400.67 465.60 Td (new ) Tj ET Q q 0 0 0 rg BT 420.90 465.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 468.34 465.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 508.00 465.60 Td (on ) Tj ET Q q 0 0 0 rg BT 521.56 465.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 453.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 134.04 453.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.52 453.60 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 429.60 Td (Statement ) Tj ET Q q 0 0 0 rg BT 135.93 429.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.21 429.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 169.27 429.60 Td (Flows ) Tj ET Q q 0 0 0 rg BT 196.22 429.60 Td (Classification ) Tj ET Q q 0 0 0 rg BT 254.28 429.60 Td (of ) Tj ET Q q 0 0 0 rg BT 264.56 429.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 297.62 429.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 320.68 429.60 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 357.05 429.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.55 429.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 397.61 429.60 Td (Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 411.60 Td (In ) Tj ET Q q 0 0 0 rg BT 114.79 411.60 Td (August ) Tj ET Q q 0 0 0 rg BT 147.48 411.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 173.78 411.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.79 411.60 Td (F) Tj ET Q q 0 0 0 rg BT 194.61 411.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 217.86 411.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 246.66 411.60 Td (new ) Tj ET Q q 0 0 0 rg BT 267.12 411.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 307.01 411.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 334.14 411.60 Td (2016-15, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.77 411.60 Td (Statement ) Tj ET Q q 0 0 0 rg BT 417.00 411.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.58 411.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 452.94 411.60 Td (Flows ) Tj ET Q q 0 0 0 rg BT 481.18 411.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 489.16 411.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 510.17 411.60 Td (230\), ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 399.60 Td (Classification ) Tj ET Q q 0 0 0 rg BT 138.91 399.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.03 399.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 181.93 399.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 204.83 399.60 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 241.05 399.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.39 399.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 281.30 399.60 Td (Payments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 399.60 Td (, ) Tj ET Q q 0 0 0 rg BT 328.35 399.60 Td (ef) Tj ET Q q 0 0 0 rg BT 335.94 399.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 365.48 399.60 Td (for ) Tj ET Q q 0 0 0 rg BT 379.49 399.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 403.49 399.60 Td (years ) Tj ET Q q 0 0 0 rg BT 426.93 399.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 469.27 399.60 Td (after ) Tj ET Q q 0 0 0 rg BT 489.93 399.60 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 387.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 97.60 387.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 121.71 387.60 Td (and ) Tj ET Q q 0 0 0 rg BT 140.25 387.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 173.23 387.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 206.78 387.60 Td (within ) Tj ET Q q 0 0 0 rg BT 236.44 387.60 Td (those ) Tj ET Q q 0 0 0 rg BT 261.65 387.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 287.41 387.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 315.11 387.60 Td (Notable ) Tj ET Q q 0 0 0 rg BT 350.87 387.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 405.51 387.60 Td (in ) Tj ET Q q 0 0 0 rg BT 417.40 387.60 Td (this ) Tj ET Q q 0 0 0 rg BT 435.95 387.60 Td (update ) Tj ET Q q 0 0 0 rg BT 466.71 387.60 Td (will ) Tj ET Q q 0 0 0 rg BT 486.37 387.60 Td (change ) Tj ET Q q 0 0 0 rg BT 518.79 387.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 375.60 Td (classification ) Tj ET Q q 0 0 0 rg BT 136.26 375.60 Td (of ) Tj ET Q q 0 0 0 rg BT 147.09 375.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 176.79 375.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 197.06 375.60 Td (receipts ) Tj ET Q q 0 0 0 rg BT 230.65 375.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.59 375.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.86 375.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 308.69 375.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.96 375.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.68 375.60 Td (Statement ) Tj ET Q q 0 0 0 rg BT 376.17 375.60 Td (of ) Tj ET Q q 0 0 0 rg BT 387.00 375.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 409.50 375.60 Td (Flows ) Tj ET Q q 0 0 0 rg BT 436.45 375.60 Td (in ) Tj ET Q q 0 0 0 rg BT 446.73 375.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.45 375.60 Td (following ) Tj ET Q q 0 0 0 rg BT 502.84 375.60 Td (ways: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 357.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 357.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 137.38 357.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 178.31 357.60 Td (for ) Tj ET Q q 0 0 0 rg BT 192.58 357.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 212.40 357.60 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 262.21 357.60 Td (or ) Tj ET Q q 0 0 0 rg BT 273.15 357.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 292.97 357.60 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 357.24 357.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 379.85 357.60 Td (will ) Tj ET Q q 0 0 0 rg BT 398.01 357.60 Td (be ) Tj ET Q q 0 0 0 rg BT 410.06 357.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 450.43 357.60 Td (as ) Tj ET Q q 0 0 0 rg BT 461.37 357.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.74 357.60 Td (outflows ) Tj ET Q q 0 0 0 rg BT 519.35 357.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 345.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 157.26 345.60 Td (activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 327.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 327.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.73 327.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 175.35 327.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.19 327.60 Td (zero-coupon ) Tj ET Q q 0 0 0 rg BT 238.69 327.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 258.42 327.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 307.60 327.60 Td (or ) Tj ET Q q 0 0 0 rg BT 318.45 327.60 Td (other ) Tj ET Q q 0 0 0 rg BT 341.51 327.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 361.24 327.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 410.42 327.60 Td (with ) Tj ET Q q 0 0 0 rg BT 430.72 327.60 Td (coupon ) Tj ET Q q 0 0 0 rg BT 462.67 327.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 494.62 327.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 516.01 327.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 315.60 Td (are ) Tj ET Q q 0 0 0 rg BT 131.53 315.60 Td (insignificant ) Tj ET Q q 0 0 0 rg BT 183.83 315.60 Td (in ) Tj ET Q q 0 0 0 rg BT 193.93 315.60 Td (relation ) Tj ET Q q 0 0 0 rg BT 226.79 315.60 Td (to ) Tj ET Q q 0 0 0 rg BT 236.89 315.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.42 315.60 Td (ef) Tj ET Q q 0 0 0 rg BT 259.01 315.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 288.53 315.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 320.28 315.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 337.59 315.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.24 315.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.77 315.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 406.75 315.60 Td (should ) Tj ET Q q 0 0 0 rg BT 435.74 315.60 Td (be ) Tj ET Q q 0 0 0 rg BT 447.49 315.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 487.58 315.60 Td (as ) Tj ET Q q 0 0 0 rg BT 498.22 315.60 Td (follows: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 303.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.01 303.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 163.69 303.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.81 303.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.82 303.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 210.38 303.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 247.61 303.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 295.94 303.60 Td (to ) Tj ET Q q 0 0 0 rg BT 306.51 303.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.52 303.60 Td (accreted ) Tj ET Q q 0 0 0 rg BT 357.62 303.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 389.84 303.60 Td (related ) Tj ET Q q 0 0 0 rg BT 419.84 303.60 Td (to ) Tj ET Q q 0 0 0 rg BT 430.41 303.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.42 303.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 465.43 303.60 Td (discount ) Tj ET Q q 0 0 0 rg BT 502.11 303.60 Td (as ) Tj ET Q q 0 0 0 rg BT 513.23 303.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 291.60 Td (outflows ) Tj ET Q q 0 0 0 rg BT 154.22 291.60 Td (for ) Tj ET Q q 0 0 0 rg BT 168.10 291.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 208.09 291.60 Td (activities, ) Tj ET Q q 0 0 0 rg BT 248.91 291.60 Td (and ) Tj ET Q q 0 0 0 rg BT 265.56 291.60 Td (the ) Tj ET Q q 0 0 0 rg BT 280.00 291.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 311.11 291.60 Td (of ) Tj ET Q q 0 0 0 rg BT 321.66 291.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.10 291.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 356.09 291.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 392.74 291.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 440.50 291.60 Td (to ) Tj ET Q q 0 0 0 rg BT 450.50 291.60 Td (the ) Tj ET Q q 0 0 0 rg BT 464.94 291.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 502.70 291.60 Td (as ) Tj ET Q q 0 0 0 rg BT 513.25 291.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 279.60 Td (outflows ) Tj ET Q q 0 0 0 rg BT 154.50 279.60 Td (for ) Tj ET Q q 0 0 0 rg BT 168.66 279.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 208.92 279.60 Td (activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 261.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 261.60 Td (a ) Tj ET Q q 0 0 0 rg BT 123.76 261.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 162.73 261.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 187.82 261.60 Td (must ) Tj ET Q q 0 0 0 rg BT 209.59 261.60 Td (make ) Tj ET Q q 0 0 0 rg BT 233.56 261.60 Td (an ) Tj ET Q q 0 0 0 rg BT 245.32 261.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 291.51 261.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 318.82 261.60 Td (election ) Tj ET Q q 0 0 0 rg BT 352.79 261.60 Td (to ) Tj ET Q q 0 0 0 rg BT 362.89 261.60 Td (classify ) Tj ET Q q 0 0 0 rg BT 395.75 261.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 448.08 261.60 Td (received ) Tj ET Q q 0 0 0 rg BT 484.26 261.60 Td (from ) Tj ET Q q 0 0 0 rg BT 506.01 261.60 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 249.60 Td (method ) Tj ET Q q 0 0 0 rg BT 149.50 249.60 Td (investees ) Tj ET Q q 0 0 0 rg BT 188.65 249.60 Td (using ) Tj ET Q q 0 0 0 rg BT 212.82 249.60 Td (either:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 135.00 229.44 cm /I20 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 231.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.21 231.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 217.63 231.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 255.51 231.60 Td (approach, ) Tj ET Q q 0 0 0 rg BT 298.65 231.60 Td (which ) Tj ET Q q 0 0 0 rg BT 327.08 231.60 Td (considers ) Tj ET Q q 0 0 0 rg BT 368.84 231.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 422.84 231.60 Td (received ) Tj ET Q q 0 0 0 rg BT 460.70 231.60 Td (as ) Tj ET Q q 0 0 0 rg BT 473.02 231.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 504.79 231.60 Td (on ) Tj ET Q q 0 0 0 rg BT 518.78 231.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 219.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 199.13 219.60 Td (and ) Tj ET Q q 0 0 0 rg BT 215.82 219.60 Td (are ) Tj ET Q q 0 0 0 rg BT 230.27 219.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 270.29 219.60 Td (as ) Tj ET Q q 0 0 0 rg BT 280.86 219.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 300.88 219.60 Td (inflows ) Tj ET Q q 0 0 0 rg BT 333.13 219.60 Td (from ) Tj ET Q q 0 0 0 rg BT 354.82 219.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 394.83 219.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 433.18 219.60 Td (\(with ) Tj ET Q q 0 0 0 rg BT 456.53 219.60 Td (an ) Tj ET Q q 0 0 0 rg BT 468.22 219.60 Td (exception ) Tj ET Q q 0 0 0 rg BT 509.34 219.60 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 207.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 199.43 207.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 251.43 207.60 Td (received ) Tj ET Q q 0 0 0 rg BT 287.29 207.60 Td (less ) Tj ET Q q 0 0 0 rg BT 304.29 207.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 356.30 207.60 Td (received ) Tj ET Q q 0 0 0 rg BT 392.16 207.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.94 207.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 423.38 207.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 454.81 207.60 Td (that ) Tj ET Q q 0 0 0 rg BT 471.81 207.60 Td (were ) Tj ET Q q 0 0 0 rg BT 493.24 207.60 Td (classified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 195.60 Td (as ) Tj ET Q q 0 0 0 rg BT 163.40 195.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 193.24 195.60 Td (of ) Tj ET Q q 0 0 0 rg BT 203.64 195.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 249.59 195.60 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 283.30 195.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 329.80 195.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 356.87 195.60 Td (in ) Tj ET Q q 0 0 0 rg BT 366.71 195.60 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 405.16 195.60 Td (in ) Tj ET Q q 0 0 0 rg BT 415.01 195.60 Td (which ) Tj ET Q q 0 0 0 rg BT 441.51 195.60 Td (case ) Tj ET Q q 0 0 0 rg BT 460.79 195.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.08 195.60 Td (current ) Tj ET Q q 0 0 0 rg BT 505.46 195.60 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 183.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 201.39 183.60 Td (up ) Tj ET Q q 0 0 0 rg BT 213.67 183.60 Td (to ) Tj ET Q q 0 0 0 rg BT 223.73 183.60 Td (this ) Tj ET Q q 0 0 0 rg BT 240.46 183.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 268.84 183.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 301.12 183.60 Td (will ) Tj ET Q q 0 0 0 rg BT 318.95 183.60 Td (be ) Tj ET Q q 0 0 0 rg BT 330.67 183.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 376.27 183.60 Td (a ) Tj ET Q q 0 0 0 rg BT 382.99 183.60 Td (return ) Tj ET Q q 0 0 0 rg BT 409.14 183.60 Td (of ) Tj ET Q q 0 0 0 rg BT 419.75 183.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 465.92 183.60 Td (and ) Tj ET Q q 0 0 0 rg BT 482.63 183.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 522.68 183.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 171.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 173.27 171.60 Td (inflows ) Tj ET Q q 0 0 0 rg BT 205.77 171.60 Td (from ) Tj ET Q q 0 0 0 rg BT 227.71 171.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 266.87 171.60 Td (activities\); ) Tj ET Q q 0 0 0 rg BT 311.58 171.60 Td (or) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 135.00 151.44 cm /I21 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 166.76 153.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 193.29 153.60 Td (of ) Tj ET Q q 0 0 0 rg BT 203.16 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 216.92 153.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 264.58 153.60 Td (approach, ) Tj ET Q q 0 0 0 rg BT 305.27 153.60 Td (which ) Tj ET Q q 0 0 0 rg BT 331.25 153.60 Td (classifies ) Tj ET Q q 0 0 0 rg BT 369.45 153.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 420.99 153.60 Td (received ) Tj ET Q q 0 0 0 rg BT 456.40 153.60 Td (based ) Tj ET Q q 0 0 0 rg BT 480.71 153.60 Td (on ) Tj ET Q q 0 0 0 rg BT 492.25 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.01 153.60 Td (nature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 163.93 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.75 141.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 211.35 141.60 Td (or ) Tj ET Q q 0 0 0 rg BT 222.28 141.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 260.99 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 271.92 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.74 141.60 Td (investee ) Tj ET Q q 0 0 0 rg BT 322.11 141.60 Td (that ) Tj ET Q q 0 0 0 rg BT 339.71 141.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 381.17 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 395.99 141.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 444.71 141.60 Td (\(would ) Tj ET Q q 0 0 0 rg BT 475.65 141.60 Td (be ) Tj ET Q q 0 0 0 rg BT 487.69 141.60 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 129.60 Td (either ) Tj ET Q q 0 0 0 rg BT 178.08 129.60 Td (a ) Tj ET Q q 0 0 0 rg BT 184.84 129.60 Td (return ) Tj ET Q q 0 0 0 rg BT 211.04 129.60 Td (on ) Tj ET Q q 0 0 0 rg BT 223.36 129.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 269.56 129.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.32 129.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 326.40 129.60 Td (as ) Tj ET Q q 0 0 0 rg BT 337.05 129.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 357.14 129.60 Td (inflows ) Tj ET Q q 0 0 0 rg BT 389.46 129.60 Td (from ) Tj ET Q q 0 0 0 rg BT 411.21 129.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 451.30 129.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 489.71 129.60 Td (or ) Tj ET Q q 0 0 0 rg BT 500.36 129.60 Td (a ) Tj ET Q q 0 0 0 rg BT 507.12 129.60 Td (return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 117.60 Td (of ) Tj ET Q q 0 0 0 rg BT 163.83 117.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 210.21 117.60 Td (and ) Tj ET Q q 0 0 0 rg BT 227.15 117.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 267.41 117.60 Td (as ) Tj ET Q q 0 0 0 rg BT 278.24 117.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 298.51 117.60 Td (inflows ) Tj ET Q q 0 0 0 rg BT 331.01 117.60 Td (from ) Tj ET Q q 0 0 0 rg BT 352.95 117.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 392.12 117.60 Td (activities\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 99.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 99.60 Td (in ) Tj ET Q q 0 0 0 rg BT 126.81 99.60 Td (the ) Tj ET Q q 0 0 0 rg BT 141.07 99.60 Td (absence ) Tj ET Q q 0 0 0 rg BT 174.75 99.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.11 99.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 218.24 99.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 245.10 99.60 Td ( ) Tj ET Q q 0 0 0 rg BT 247.13 99.60 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 287.76 99.60 Td (an ) Tj ET Q q 0 0 0 rg BT 299.23 99.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 324.04 99.60 Td (should ) Tj ET Q q 0 0 0 rg BT 352.75 99.60 Td (classify ) Tj ET Q q 0 0 0 rg BT 385.33 99.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 405.13 99.60 Td (receipts ) Tj ET Q q 0 0 0 rg BT 438.26 99.60 Td (and ) Tj ET Q q 0 0 0 rg BT 454.74 99.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 495.10 99.60 Td (that ) Tj ET Q q 0 0 0 rg BT 512.13 99.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 87.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 147.78 87.60 Td (of ) Tj ET Q q 0 0 0 rg BT 158.02 87.60 Td (more ) Tj ET Q q 0 0 0 rg BT 180.47 87.60 Td (than ) Tj ET Q q 0 0 0 rg BT 199.60 87.60 Td (one ) Tj ET Q q 0 0 0 rg BT 215.94 87.60 Td (class ) Tj ET Q q 0 0 0 rg BT 237.29 87.60 Td (of ) Tj ET Q q 0 0 0 rg BT 247.52 87.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.20 87.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 291.33 87.60 Td (by ) Tj ET Q q 0 0 0 rg BT 303.24 87.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 353.46 87.60 Td (and ) Tj ET Q q 0 0 0 rg BT 369.81 87.60 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 425.02 87.60 Td (classifying ) Tj ET Q q 0 0 0 rg BT 470.26 87.60 Td (each ) Tj ET Q q 0 0 0 rg BT 490.48 87.60 Td (separately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 75.60 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 164.87 75.60 Td (source ) Tj ET Q q 0 0 0 rg BT 193.30 75.60 Td (or ) Tj ET Q q 0 0 0 rg BT 203.97 75.60 Td (use ) Tj ET Q q 0 0 0 rg BT 219.63 75.60 Td (within ) Tj ET Q q 0 0 0 rg BT 247.52 75.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.07 75.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 282.18 75.60 Td (receipts ) Tj ET Q q 0 0 0 rg BT 315.60 75.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.38 75.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 352.48 75.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 393.14 75.60 Td (on ) Tj ET Q q 0 0 0 rg BT 405.47 75.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.02 75.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 442.36 75.60 Td (of ) Tj ET Q q 0 0 0 rg BT 453.02 75.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.57 75.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 513.23 75.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 63.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 144.75 63.60 Td (If ) Tj ET Q q 0 0 0 rg BT 154.43 63.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 175.22 63.60 Td (receipts ) Tj ET Q q 0 0 0 rg BT 209.34 63.60 Td (and ) Tj ET Q q 0 0 0 rg BT 226.80 63.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 268.15 63.60 Td (have ) Tj ET Q q 0 0 0 rg BT 290.05 63.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 321.95 63.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.31 63.60 Td (more ) Tj ET Q q 0 0 0 rg BT 356.88 63.60 Td (than ) Tj ET Q q 0 0 0 rg BT 377.12 63.60 Td (one ) Tj ET Q q 0 0 0 rg BT 394.58 63.60 Td (class ) Tj ET Q q 0 0 0 rg BT 417.04 63.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.40 63.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 449.19 63.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 474.44 63.60 Td (and ) Tj ET Q q 0 0 0 rg BT 491.90 63.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 521.58 63.60 Td (be ) Tj ET Q endstream endobj 249 0 obj <>] /Rotate 0 /Contents 250 0 R>> endobj 250 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 735.60 Td (separated ) Tj ET Q q 0 0 0 rg BT 157.56 735.60 Td (by ) Tj ET Q q 0 0 0 rg BT 170.36 735.60 Td (source ) Tj ET Q q 0 0 0 rg BT 199.27 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 210.40 735.60 Td (use, ) Tj ET Q q 0 0 0 rg BT 229.04 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 244.06 735.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 276.86 735.60 Td (that ) Tj ET Q q 0 0 0 rg BT 294.66 735.60 Td (is ) Tj ET Q q 0 0 0 rg BT 304.13 735.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 329.71 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 340.29 735.60 Td (be ) Tj ET Q q 0 0 0 rg BT 352.54 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.56 735.60 Td (predominant ) Tj ET Q q 0 0 0 rg BT 420.91 735.60 Td (source ) Tj ET Q q 0 0 0 rg BT 449.81 735.60 Td (or ) Tj ET Q q 0 0 0 rg BT 460.95 735.60 Td (use ) Tj ET Q q 0 0 0 rg BT 477.08 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 488.22 735.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 508.79 735.60 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 131.16 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.88 723.60 Td (item ) Tj ET Q q 0 0 0 rg BT 166.15 723.60 Td (will ) Tj ET Q q 0 0 0 rg BT 184.21 723.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 226.69 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.40 723.60 Td (classification.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 705.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.96 705.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 177.42 705.60 Td (in ) Tj ET Q q 0 0 0 rg BT 189.12 705.60 Td (this ) Tj ET Q q 0 0 0 rg BT 206.62 705.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 230.54 705.60 Td (may ) Tj ET Q q 0 0 0 rg BT 251.67 705.60 Td (be ) Tj ET Q q 0 0 0 rg BT 265.02 705.60 Td (early ) Tj ET Q q 0 0 0 rg BT 288.92 705.60 Td (adopted, ) Tj ET Q q 0 0 0 rg BT 327.00 705.60 Td (including ) Tj ET Q q 0 0 0 rg BT 368.69 705.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 407.60 705.60 Td (during ) Tj ET Q q 0 0 0 rg BT 437.62 705.60 Td (an ) Tj ET Q q 0 0 0 rg BT 450.98 705.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 483.77 705.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 515.45 705.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 693.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 135.00 693.60 Td (in ) Tj ET Q q 0 0 0 rg BT 146.23 693.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.90 693.60 Td (update ) Tj ET Q q 0 0 0 rg BT 192.01 693.60 Td (should ) Tj ET Q q 0 0 0 rg BT 222.13 693.60 Td (be ) Tj ET Q q 0 0 0 rg BT 235.02 693.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 267.91 693.60 Td (using ) Tj ET Q q 0 0 0 rg BT 293.03 693.60 Td (a ) Tj ET Q q 0 0 0 rg BT 300.93 693.60 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 356.02 693.60 Td (transition ) Tj ET Q q 0 0 0 rg BT 397.25 693.60 Td (method ) Tj ET Q q 0 0 0 rg BT 430.70 693.60 Td (to ) Tj ET Q q 0 0 0 rg BT 441.93 693.60 Td (each ) Tj ET Q q 0 0 0 rg BT 463.70 693.60 Td (period ) Tj ET Q q 0 0 0 rg BT 492.70 693.60 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 681.60 Td (\(except ) Tj ET Q q 0 0 0 rg BT 112.85 681.60 Td (where ) Tj ET Q q 0 0 0 rg BT 139.70 681.60 Td (impracticable ) Tj ET Q q 0 0 0 rg BT 196.53 681.60 Td (to ) Tj ET Q q 0 0 0 rg BT 206.73 681.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 231.37 681.60 Td (retrospectively; ) Tj ET Q q 0 0 0 rg BT 295.99 681.60 Td (those ) Tj ET Q q 0 0 0 rg BT 319.52 681.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 353.04 681.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 406.00 681.60 Td (would ) Tj ET Q q 0 0 0 rg BT 433.42 681.60 Td (be ) Tj ET Q q 0 0 0 rg BT 445.28 681.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 477.14 681.60 Td (prospectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 669.60 Td (as ) Tj ET Q q 0 0 0 rg BT 91.00 669.60 Td (of ) Tj ET Q q 0 0 0 rg BT 101.00 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 114.88 669.60 Td (earliest ) Tj ET Q q 0 0 0 rg BT 145.42 669.60 Td (date ) Tj ET Q q 0 0 0 rg BT 163.74 669.60 Td (practicable\). ) Tj ET Q q 0 0 0 rg BT 214.98 669.60 Td (The ) Tj ET Q q 0 0 0 rg BT 232.19 669.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 272.74 669.60 Td (is ) Tj ET Q q 0 0 0 rg BT 281.08 669.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 318.84 669.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 362.16 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.05 669.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 404.92 669.60 Td (of ) Tj ET Q q 0 0 0 rg BT 414.92 669.60 Td (this ) Tj ET Q q 0 0 0 rg BT 431.04 669.60 Td (new ) Tj ET Q q 0 0 0 rg BT 449.37 669.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 494.91 669.60 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 657.60 Td (on ) Tj ET Q q 0 0 0 rg BT 93.50 657.60 Td (its ) Tj ET Q q 0 0 0 rg BT 105.45 657.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 158.49 657.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 195.97 657.60 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 633.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 113.07 633.60 Td (ests ) Tj ET Q q 0 0 0 rg BT 130.57 633.60 Td (Held ) Tj ET Q q 0 0 0 rg BT 152.51 633.60 Td (thr) Tj ET Q q 0 0 0 rg BT 163.80 633.60 Td (ough ) Tj ET Q q 0 0 0 rg BT 186.30 633.60 Td (Related ) Tj ET Q q 0 0 0 rg BT 219.35 633.60 Td (Parties ) Tj ET Q q 0 0 0 rg BT 250.73 633.60 Td (That ) Tj ET Q q 0 0 0 rg BT 271.39 633.60 Td (Ar) Tj ET Q q 0 0 0 rg BT 281.02 633.60 Td (e ) Tj ET Q q 0 0 0 rg BT 287.96 633.60 Td (under ) Tj ET Q q 0 0 0 rg BT 313.79 633.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 352.40 633.60 Td (Contr) Tj ET Q q 0 0 0 rg BT 375.37 633.60 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 615.60 Td (In ) Tj ET Q q 0 0 0 rg BT 114.32 615.60 Td (October ) Tj ET Q q 0 0 0 rg BT 149.02 615.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 174.01 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 188.71 615.60 Td (F) Tj ET Q q 0 0 0 rg BT 193.53 615.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 215.48 615.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 242.97 615.60 Td (new ) Tj ET Q q 0 0 0 rg BT 262.12 615.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 300.70 615.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 326.53 615.60 Td (2016-17, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.85 615.60 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 424.01 615.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 431.99 615.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 451.69 615.60 Td (810\), ) Tj ET Q q 0 0 0 rg BT 475.01 615.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 494.08 615.60 Td (ests ) Tj ET Q q 0 0 0 rg BT 511.57 615.60 Td (Held ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 603.60 Td (thr) Tj ET Q q 0 0 0 rg BT 92.30 603.60 Td (ough ) Tj ET Q q 0 0 0 rg BT 114.29 603.60 Td (Related ) Tj ET Q q 0 0 0 rg BT 146.83 603.60 Td (Parties ) Tj ET Q q 0 0 0 rg BT 177.71 603.60 Td (That ) Tj ET Q q 0 0 0 rg BT 197.90 603.60 Td (Ar) Tj ET Q q 0 0 0 rg BT 207.53 603.60 Td (e ) Tj ET Q q 0 0 0 rg BT 213.96 603.60 Td (under ) Tj ET Q q 0 0 0 rg BT 239.28 603.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 277.39 603.60 Td (Contr) Tj ET Q q 0 0 0 rg BT 300.36 603.60 Td (ol\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.47 603.60 Td (, ) Tj ET Q q 0 0 0 rg BT 315.96 603.60 Td (ef) Tj ET Q q 0 0 0 rg BT 323.55 603.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 352.74 603.60 Td (for ) Tj ET Q q 0 0 0 rg BT 366.40 603.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 390.05 603.60 Td (years ) Tj ET Q q 0 0 0 rg BT 413.14 603.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 455.13 603.60 Td (after ) Tj ET Q q 0 0 0 rg BT 475.44 603.60 Td (December ) Tj ET Q q 0 0 0 rg BT 518.51 603.60 Td (15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 591.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 103.50 591.60 Td (and ) Tj ET Q q 0 0 0 rg BT 120.44 591.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 151.82 591.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 183.76 591.60 Td (within ) Tj ET Q q 0 0 0 rg BT 211.82 591.60 Td (those ) Tj ET Q q 0 0 0 rg BT 235.42 591.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 259.58 591.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 285.68 591.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 313.17 591.60 Td (this ) Tj ET Q q 0 0 0 rg BT 330.12 591.60 Td (update: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 573.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 573.60 Td (the ) Tj ET Q q 0 0 0 rg BT 133.31 573.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 194.60 573.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.02 573.60 Td (a ) Tj ET Q q 0 0 0 rg BT 215.56 573.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 251.31 573.60 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 300.38 573.60 Td (do ) Tj ET Q q 0 0 0 rg BT 314.47 573.60 Td (not ) Tj ET Q q 0 0 0 rg BT 331.35 573.60 Td (change, ) Tj ET Q q 0 0 0 rg BT 366.26 573.60 Td (but ) Tj ET Q q 0 0 0 rg BT 383.13 573.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.45 573.60 Td (way ) Tj ET Q q 0 0 0 rg BT 420.20 573.60 Td (in ) Tj ET Q q 0 0 0 rg BT 432.08 573.60 Td (which ) Tj ET Q q 0 0 0 rg BT 460.61 573.60 Td (their ) Tj ET Q q 0 0 0 rg BT 483.03 573.60 Td (existence ) Tj ET Q q 0 0 0 rg BT 524.33 573.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 561.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 164.48 561.60 Td (does ) Tj ET Q q 0 0 0 rg BT 185.31 561.60 Td (change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 543.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 543.60 Td (in ) Tj ET Q q 0 0 0 rg BT 127.63 543.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 178.81 543.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 213.88 543.60 Td (there ) Tj ET Q q 0 0 0 rg BT 236.72 543.60 Td (exists ) Tj ET Q q 0 0 0 rg BT 262.35 543.60 Td (an ) Tj ET Q q 0 0 0 rg BT 274.65 543.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 318.05 543.60 Td (to ) Tj ET Q q 0 0 0 rg BT 328.69 543.60 Td (absorb ) Tj ET Q q 0 0 0 rg BT 358.21 543.60 Td (the ) Tj ET Q q 0 0 0 rg BT 373.28 543.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 400.03 543.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 413.71 543.60 Td (or ) Tj ET Q q 0 0 0 rg BT 424.90 543.60 Td (to ) Tj ET Q q 0 0 0 rg BT 435.54 543.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 467.25 543.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 501.77 543.60 Td (from, ) Tj ET Q q 0 0 0 rg BT 526.56 543.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 531.60 Td (VIE ) Tj ET Q q 0 0 0 rg BT 136.15 531.60 Td (that ) Tj ET Q q 0 0 0 rg BT 153.64 531.60 Td (could ) Tj ET Q q 0 0 0 rg BT 178.35 531.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 223.62 531.60 Td (be ) Tj ET Q q 0 0 0 rg BT 235.55 531.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 280.26 531.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.53 531.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.06 531.60 Td (VIE ) Tj ET Q q 0 0 0 rg BT 324.21 531.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 342.25 531.60 Td (second ) Tj ET Q q 0 0 0 rg BT 372.52 531.60 Td (characteristic ) Tj ET Q q 0 0 0 rg BT 428.31 531.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.13 531.60 Td (a ) Tj ET Q q 0 0 0 rg BT 446.06 531.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 480.21 531.60 Td (beneficiary\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 519.60 Td (an ) Tj ET Q q 0 0 0 rg BT 129.40 519.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 155.14 519.60 Td (will ) Tj ET Q q 0 0 0 rg BT 173.66 519.60 Td (be ) Tj ET Q q 0 0 0 rg BT 186.06 519.60 Td (required ) Tj ET Q q 0 0 0 rg BT 222.34 519.60 Td (to ) Tj ET Q q 0 0 0 rg BT 233.08 519.60 Td (include ) Tj ET Q q 0 0 0 rg BT 265.47 519.60 Td (all ) Tj ET Q q 0 0 0 rg BT 278.43 519.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.73 519.60 Td (its ) Tj ET Q q 0 0 0 rg BT 302.14 519.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 327.86 519.60 Td (variable ) Tj ET Q q 0 0 0 rg BT 363.03 519.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 399.32 519.60 Td (in ) Tj ET Q q 0 0 0 rg BT 410.06 519.60 Td (a ) Tj ET Q q 0 0 0 rg BT 417.24 519.60 Td (VIE ) Tj ET Q q 0 0 0 rg BT 436.87 519.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 456.77 519.60 Td (on ) Tj ET Q q 0 0 0 rg BT 469.73 519.60 Td (a ) Tj ET Q q 0 0 0 rg BT 477.13 519.60 Td (proportionate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 507.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 139.26 507.60 Td (\(as ) Tj ET Q q 0 0 0 rg BT 153.18 507.60 Td (opposed ) Tj ET Q q 0 0 0 rg BT 188.77 507.60 Td (to ) Tj ET Q q 0 0 0 rg BT 198.81 507.60 Td (in ) Tj ET Q q 0 0 0 rg BT 208.85 507.60 Td (its ) Tj ET Q q 0 0 0 rg BT 220.56 507.60 Td (entirety ) Tj ET Q q 0 0 0 rg BT 253.36 507.60 Td (as ) Tj ET Q q 0 0 0 rg BT 263.95 507.60 Td (under ) Tj ET Q q 0 0 0 rg BT 288.98 507.60 Td (current ) Tj ET Q q 0 0 0 rg BT 319.56 507.60 Td (guidance\), ) Tj ET Q q 0 0 0 rg BT 363.74 507.60 Td (its ) Tj ET Q q 0 0 0 rg BT 375.45 507.60 Td (indirect ) Tj ET Q q 0 0 0 rg BT 408.25 507.60 Td (variable ) Tj ET Q q 0 0 0 rg BT 442.72 507.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 478.30 507.60 Td (in ) Tj ET Q q 0 0 0 rg BT 488.34 507.60 Td (a ) Tj ET Q q 0 0 0 rg BT 494.88 507.60 Td (VIE ) Tj ET Q q 0 0 0 rg BT 513.80 507.60 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 495.60 Td (through ) Tj ET Q q 0 0 0 rg BT 150.61 495.60 Td (related ) Tj ET Q q 0 0 0 rg BT 180.31 495.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 209.47 495.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 253.07 495.60 Td (related ) Tj ET Q q 0 0 0 rg BT 282.77 495.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 311.93 495.60 Td (under ) Tj ET Q q 0 0 0 rg BT 337.20 495.60 Td (common ) Tj ET Q q 0 0 0 rg BT 374.69 495.60 Td (control ) Tj ET Q q 0 0 0 rg BT 405.52 495.60 Td (with ) Tj ET Q q 0 0 0 rg BT 425.79 495.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.51 495.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 479.67 495.60 Td (entity\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 477.60 Td (The ) Tj ET Q q 0 0 0 rg BT 121.08 477.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 173.66 477.60 Td (in ) Tj ET Q q 0 0 0 rg BT 183.47 477.60 Td (this ) Tj ET Q q 0 0 0 rg BT 199.51 477.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 221.55 477.60 Td (may ) Tj ET Q q 0 0 0 rg BT 240.80 477.60 Td (be ) Tj ET Q q 0 0 0 rg BT 252.27 477.60 Td (early ) Tj ET Q q 0 0 0 rg BT 274.29 477.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 307.98 477.60 Td (during ) Tj ET Q q 0 0 0 rg BT 336.13 477.60 Td (any ) Tj ET Q q 0 0 0 rg BT 352.60 477.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 383.52 477.60 Td (or ) Tj ET Q q 0 0 0 rg BT 393.88 477.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 422.57 477.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 452.66 477.60 Td (however) Tj ET Q q 0 0 0 rg BT 486.68 477.60 Td (, ) Tj ET Q q 0 0 0 rg BT 491.22 477.60 Td (if ) Tj ET Q q 0 0 0 rg BT 499.36 477.60 Td (adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 465.60 Td (during ) Tj ET Q q 0 0 0 rg BT 109.89 465.60 Td (an ) Tj ET Q q 0 0 0 rg BT 122.11 465.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 153.77 465.60 Td (period ) Tj ET Q q 0 0 0 rg BT 182.10 465.60 Td (other ) Tj ET Q q 0 0 0 rg BT 205.43 465.60 Td (than ) Tj ET Q q 0 0 0 rg BT 225.42 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.42 465.60 Td (first ) Tj ET Q q 0 0 0 rg BT 259.31 465.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 290.97 465.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 321.80 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.80 465.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 362.35 465.60 Td (should ) Tj ET Q q 0 0 0 rg BT 391.80 465.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 420.12 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 435.11 465.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 482.32 465.60 Td (ef) Tj ET Q q 0 0 0 rg BT 489.91 465.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 507.68 465.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 465.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 453.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 127.47 453.60 Td (change ) Tj ET Q q 0 0 0 rg BT 158.38 453.60 Td (as ) Tj ET Q q 0 0 0 rg BT 169.30 453.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.23 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.04 453.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 237.63 453.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.56 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.37 453.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 287.62 453.60 Td (year) Tj ET Q q 0 0 0 rg BT 304.27 453.60 Td (. ) Tj ET Q q 0 0 0 rg BT 309.18 453.60 Td (The ) Tj ET Q q 0 0 0 rg BT 327.32 453.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.81 453.60 Td (is ) Tj ET Q q 0 0 0 rg BT 378.07 453.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 416.76 453.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 461.01 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.82 453.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 505.62 453.60 Td (of ) Tj ET Q q 0 0 0 rg BT 516.55 453.60 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 441.60 Td (new ) Tj ET Q q 0 0 0 rg BT 100.16 441.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 146.53 441.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 185.13 441.60 Td (on ) Tj ET Q q 0 0 0 rg BT 197.63 441.60 Td (its ) Tj ET Q q 0 0 0 rg BT 209.57 441.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 262.62 441.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 300.10 441.60 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.00 417.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 125.93 417.60 Td (T) Tj ET Q q 0 0 0 rg BT 130.57 417.60 Td (axes ) Tj ET Q q 0 0 0 rg BT 150.84 417.60 Td (- ) Tj ET Q q 0 0 0 rg BT 156.67 417.60 Td (Intra-Entity ) Tj ET Q q 0 0 0 rg BT 206.38 417.60 Td (T) Tj ET Q q 0 0 0 rg BT 211.39 417.60 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 246.68 417.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.77 417.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 284.27 417.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 310.10 417.60 Td (Than ) Tj ET Q q 0 0 0 rg BT 333.17 417.60 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 399.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.12 399.60 Td (October ) Tj ET Q q 0 0 0 rg BT 150.61 399.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 176.39 399.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.89 399.60 Td (F) Tj ET Q q 0 0 0 rg BT 196.71 399.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 219.45 399.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 247.74 399.60 Td (new ) Tj ET Q q 0 0 0 rg BT 267.68 399.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 307.06 399.60 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 333.68 399.60 Td (2016-16, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.80 399.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 405.51 399.60 Td (T) Tj ET Q q 0 0 0 rg BT 410.15 399.60 Td (axes ) Tj ET Q q 0 0 0 rg BT 431.21 399.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 439.18 399.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 459.68 399.60 Td (740\), ) Tj ET Q q 0 0 0 rg BT 483.80 399.60 Td (Intra-Entity ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 387.60 Td (T) Tj ET Q q 0 0 0 rg BT 86.01 387.60 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 120.97 387.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.77 387.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 157.95 387.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 183.46 387.60 Td (Than ) Tj ET Q q 0 0 0 rg BT 206.20 387.60 Td (Inventory\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.85 387.60 Td (, ) Tj ET Q q 0 0 0 rg BT 252.53 387.60 Td (ef) Tj ET Q q 0 0 0 rg BT 260.11 387.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 289.50 387.60 Td (for ) Tj ET Q q 0 0 0 rg BT 303.33 387.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 327.17 387.60 Td (years ) Tj ET Q q 0 0 0 rg BT 350.45 387.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 392.62 387.60 Td (after ) Tj ET Q q 0 0 0 rg BT 413.12 387.60 Td (December ) Tj ET Q q 0 0 0 rg BT 456.38 387.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 471.06 387.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 493.24 387.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 375.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 112.38 375.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 144.32 375.60 Td (within ) Tj ET Q q 0 0 0 rg BT 172.38 375.60 Td (those ) Tj ET Q q 0 0 0 rg BT 195.99 375.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 220.14 375.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 246.24 375.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 273.73 375.60 Td (this ) Tj ET Q q 0 0 0 rg BT 290.68 375.60 Td (update: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 357.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 357.60 Td (an ) Tj ET Q q 0 0 0 rg BT 128.71 357.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 153.76 357.60 Td (should ) Tj ET Q q 0 0 0 rg BT 182.71 357.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 223.85 357.60 Td (current ) Tj ET Q q 0 0 0 rg BT 254.44 357.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.15 357.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 306.73 357.60 Td (income ) Tj ET Q q 0 0 0 rg BT 338.44 357.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 361.26 357.60 Td (for ) Tj ET Q q 0 0 0 rg BT 375.20 357.60 Td (an ) Tj ET Q q 0 0 0 rg BT 386.91 357.60 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 433.62 357.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 466.43 357.60 Td (of ) Tj ET Q q 0 0 0 rg BT 477.03 357.60 Td (an ) Tj ET Q q 0 0 0 rg BT 488.75 357.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 510.46 357.60 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 345.60 Td (than ) Tj ET Q q 0 0 0 rg BT 136.72 345.60 Td (inventory ) Tj ET Q q 0 0 0 rg BT 177.54 345.60 Td (at ) Tj ET Q q 0 0 0 rg BT 187.26 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 201.98 345.60 Td (time ) Tj ET Q q 0 0 0 rg BT 222.25 345.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.08 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.80 345.60 Td (transfer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 327.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 327.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.77 327.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 157.09 327.60 Td (will ) Tj ET Q q 0 0 0 rg BT 175.20 327.60 Td (no ) Tj ET Q q 0 0 0 rg BT 187.75 327.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 215.85 327.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 240.05 327.60 Td (recognition ) Tj ET Q q 0 0 0 rg BT 288.14 327.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.02 327.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.79 327.60 Td (income ) Tj ET Q q 0 0 0 rg BT 345.77 327.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 360.54 327.60 Td (consequences ) Tj ET Q q 0 0 0 rg BT 418.07 327.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.95 327.60 Td (these ) Tj ET Q q 0 0 0 rg BT 452.04 327.60 Td (types ) Tj ET Q q 0 0 0 rg BT 475.70 327.60 Td (of ) Tj ET Q q 0 0 0 rg BT 486.58 327.60 Td (intra-entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 315.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 138.94 315.60 Td (transfers ) Tj ET Q q 0 0 0 rg BT 175.87 315.60 Td (until ) Tj ET Q q 0 0 0 rg BT 196.70 315.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.42 315.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 233.36 315.60 Td (has ) Tj ET Q q 0 0 0 rg BT 249.19 315.60 Td (been ) Tj ET Q q 0 0 0 rg BT 270.56 315.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 289.73 315.60 Td (to ) Tj ET Q q 0 0 0 rg BT 300.01 315.60 Td (an ) Tj ET Q q 0 0 0 rg BT 311.95 315.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 343.34 315.60 Td (party) Tj ET Q q 0 0 0 rg BT 363.24 315.60 Td (, ) Tj ET Q q 0 0 0 rg BT 368.24 315.60 Td (as ) Tj ET Q q 0 0 0 rg BT 379.07 315.60 Td (is ) Tj ET Q q 0 0 0 rg BT 388.24 315.60 Td (practiced ) Tj ET Q q 0 0 0 rg BT 427.38 315.60 Td (under ) Tj ET Q q 0 0 0 rg BT 452.64 315.60 Td (current ) Tj ET Q q 0 0 0 rg BT 483.46 315.60 Td (guidance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 297.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.07 297.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 175.63 297.60 Td (in ) Tj ET Q q 0 0 0 rg BT 186.43 297.60 Td (this ) Tj ET Q q 0 0 0 rg BT 203.24 297.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 226.27 297.60 Td (may ) Tj ET Q q 0 0 0 rg BT 246.50 297.60 Td (be ) Tj ET Q q 0 0 0 rg BT 258.97 297.60 Td (early ) Tj ET Q q 0 0 0 rg BT 281.97 297.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 316.65 297.60 Td (as ) Tj ET Q q 0 0 0 rg BT 328.00 297.60 Td (of ) Tj ET Q q 0 0 0 rg BT 339.36 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.60 297.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 397.61 297.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.97 297.60 Td (an ) Tj ET Q q 0 0 0 rg BT 421.43 297.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 451.10 297.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 490.78 297.60 Td (period ) Tj ET Q q 0 0 0 rg BT 519.35 297.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 285.60 Td (which ) Tj ET Q q 0 0 0 rg BT 108.24 285.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 146.02 285.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 191.04 285.60 Td (have ) Tj ET Q q 0 0 0 rg BT 212.71 285.60 Td (not ) Tj ET Q q 0 0 0 rg BT 228.29 285.60 Td (yet ) Tj ET Q q 0 0 0 rg BT 243.31 285.60 Td (been ) Tj ET Q q 0 0 0 rg BT 264.99 285.60 Td (issued, ) Tj ET Q q 0 0 0 rg BT 295.29 285.60 Td (including ) Tj ET Q q 0 0 0 rg BT 335.87 285.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 367.55 285.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 405.33 285.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 452.65 285.60 Td (The ) Tj ET Q q 0 0 0 rg BT 470.99 285.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 512.68 285.60 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.60 Td (not ) Tj ET Q q 0 0 0 rg BT 97.83 273.60 Td (have ) Tj ET Q q 0 0 0 rg BT 120.76 273.60 Td (any ) Tj ET Q q 0 0 0 rg BT 139.25 273.60 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 187.74 273.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 211.23 273.60 Td (transfers, ) Tj ET Q q 0 0 0 rg BT 252.21 273.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 292.35 273.60 Td (this ) Tj ET Q q 0 0 0 rg BT 310.85 273.60 Td (new ) Tj ET Q q 0 0 0 rg BT 331.57 273.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 379.49 273.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 419.64 273.60 Td (will ) Tj ET Q q 0 0 0 rg BT 439.25 273.60 Td (have ) Tj ET Q q 0 0 0 rg BT 462.18 273.60 Td (no ) Tj ET Q q 0 0 0 rg BT 476.23 273.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 507.50 273.60 Td (on ) Tj ET Q q 0 0 0 rg BT 521.55 273.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 134.04 261.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.52 261.60 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 226.20 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 95.16 226.20 Td (Significant ) Tj ET Q q 0 0 0 rg BT 143.78 226.20 Td (Risks ) Tj ET Q q 0 0 0 rg BT 169.62 226.20 Td (and ) Tj ET Q q 0 0 0 rg BT 188.25 226.20 Td (Uncertainties ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.00 207.20 Td (Federal ) Tj ET Q q 0 0 0 rg BT 128.72 207.20 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.28 207.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 188.20 Td ( ) Tj ET Q q 0 0 0 rg BT 82.81 188.20 Td ( ) Tj ET Q q 0 0 0 rg BT 84.61 188.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.42 188.20 Td ( ) Tj ET Q q 0 0 0 rg BT 88.23 188.20 Td ( ) Tj ET Q q 0 0 0 rg BT 90.03 188.20 Td ( ) Tj ET Q q 0 0 0 rg BT 91.84 188.20 Td ( ) Tj ET Q q 0 0 0 rg BT 93.65 188.20 Td ( ) Tj ET Q q 0 0 0 rg BT 95.45 188.20 Td ( ) Tj ET Q q 0 0 0 rg BT 97.26 188.20 Td (In ) Tj ET Q q 0 0 0 rg BT 107.00 188.20 Td (April ) Tj ET Q q 0 0 0 rg BT 129.91 188.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 154.22 188.20 Td (the ) Tj ET Q q 0 0 0 rg BT 168.24 188.20 Td (Department ) Tj ET Q q 0 0 0 rg BT 217.25 188.20 Td (of ) Tj ET Q q 0 0 0 rg BT 227.39 188.20 Td (Labor ) Tj ET Q q 0 0 0 rg BT 253.07 188.20 Td (\(DOL\) ) Tj ET Q q 0 0 0 rg BT 290.97 188.20 Td (released ) Tj ET Q q 0 0 0 rg BT 325.53 188.20 Td (its ) Tj ET Q q 0 0 0 rg BT 336.78 188.20 Td (final ) Tj ET Q q 0 0 0 rg BT 356.91 188.20 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 403.69 188.20 Td (rule ) Tj ET Q q 0 0 0 rg BT 421.05 188.20 Td (which ) Tj ET Q q 0 0 0 rg BT 447.29 188.20 Td (could ) Tj ET Q q 0 0 0 rg BT 471.31 188.20 Td (have ) Tj ET Q q 0 0 0 rg BT 492.00 188.20 Td (a ) Tj ET Q q 0 0 0 rg BT 498.24 188.20 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 176.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.70 176.20 Td (on ) Tj ET Q q 0 0 0 rg BT 123.19 176.20 Td (the ) Tj ET Q q 0 0 0 rg BT 137.89 176.20 Td (Company) Tj ET Q q 0 0 0 rg BT 176.13 176.20 Td (, ) Tj ET Q q 0 0 0 rg BT 181.12 176.20 Td (its ) Tj ET Q q 0 0 0 rg BT 193.05 176.20 Td (products, ) Tj ET Q q 0 0 0 rg BT 232.48 176.20 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 283.58 176.20 Td (and ) Tj ET Q q 0 0 0 rg BT 300.51 176.20 Td (business ) Tj ET Q q 0 0 0 rg BT 336.89 176.20 Td (model. ) Tj ET Q q 0 0 0 rg BT 366.69 176.20 Td (The ) Tj ET Q q 0 0 0 rg BT 384.72 176.20 Td (final ) Tj ET Q q 0 0 0 rg BT 405.54 176.20 Td (rule ) Tj ET Q q 0 0 0 rg BT 423.57 176.20 Td (treats ) Tj ET Q q 0 0 0 rg BT 447.71 176.20 Td (persons ) Tj ET Q q 0 0 0 rg BT 480.75 176.20 Td (who ) Tj ET Q q 0 0 0 rg BT 500.46 176.20 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 164.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.40 164.20 Td (advice ) Tj ET Q q 0 0 0 rg BT 154.02 164.20 Td (for ) Tj ET Q q 0 0 0 rg BT 167.20 164.20 Td (a ) Tj ET Q q 0 0 0 rg BT 173.16 164.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 186.89 164.20 Td (or ) Tj ET Q q 0 0 0 rg BT 196.74 164.20 Td (other ) Tj ET Q q 0 0 0 rg BT 218.81 164.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 275.87 164.20 Td (with ) Tj ET Q q 0 0 0 rg BT 295.17 164.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 325.00 164.20 Td (to ) Tj ET Q q 0 0 0 rg BT 334.30 164.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 359.15 164.20 Td (of ) Tj ET Q q 0 0 0 rg BT 369.01 164.20 Td (an ) Tj ET Q q 0 0 0 rg BT 379.96 164.20 Td (employer ) Tj ET Q q 0 0 0 rg BT 419.25 164.20 Td (plan ) Tj ET Q q 0 0 0 rg BT 437.99 164.20 Td (or ) Tj ET Q q 0 0 0 rg BT 447.84 164.20 Td (individual ) Tj ET Q q 0 0 0 rg BT 489.91 164.20 Td (retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.20 Td (account ) Tj ET Q q 0 0 0 rg BT 115.06 152.20 Td (\("IRA"\) ) Tj ET Q q 0 0 0 rg BT 150.07 152.20 Td (as ) Tj ET Q q 0 0 0 rg BT 161.36 152.20 Td (fiduciaries ) Tj ET Q q 0 0 0 rg BT 206.53 152.20 Td (of ) Tj ET Q q 0 0 0 rg BT 217.82 152.20 Td (that ) Tj ET Q q 0 0 0 rg BT 235.78 152.20 Td (plan ) Tj ET Q q 0 0 0 rg BT 255.96 152.20 Td (or ) Tj ET Q q 0 0 0 rg BT 267.25 152.20 Td (IRA. ) Tj ET Q q 0 0 0 rg BT 289.94 152.20 Td (Significantly) Tj ET Q q 0 0 0 rg BT 340.95 152.20 Td (, ) Tj ET Q q 0 0 0 rg BT 346.42 152.20 Td (the ) Tj ET Q q 0 0 0 rg BT 361.60 152.20 Td (rule ) Tj ET Q q 0 0 0 rg BT 380.11 152.20 Td (expands ) Tj ET Q q 0 0 0 rg BT 415.84 152.20 Td (the ) Tj ET Q q 0 0 0 rg BT 431.02 152.20 Td (definition ) Tj ET Q q 0 0 0 rg BT 472.87 152.20 Td (of ) Tj ET Q q 0 0 0 rg BT 484.16 152.20 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 523.22 152.20 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.20 Td (apply ) Tj ET Q q 0 0 0 rg BT 105.83 140.20 Td (to ) Tj ET Q q 0 0 0 rg BT 116.22 140.20 Td (persons, ) Tj ET Q q 0 0 0 rg BT 151.89 140.20 Td (including ) Tj ET Q q 0 0 0 rg BT 192.28 140.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 233.20 140.20 Td (agents, ) Tj ET Q q 0 0 0 rg BT 263.87 140.20 Td (who ) Tj ET Q q 0 0 0 rg BT 283.70 140.20 Td (advise ) Tj ET Q q 0 0 0 rg BT 311.86 140.20 Td (and ) Tj ET Q q 0 0 0 rg BT 328.91 140.20 Td (sell ) Tj ET Q q 0 0 0 rg BT 345.41 140.20 Td (products ) Tj ET Q q 0 0 0 rg BT 382.47 140.20 Td (to ) Tj ET Q q 0 0 0 rg BT 392.86 140.20 Td (IRA) Tj ET Q q 0 0 0 rg BT 409.53 140.20 Td ( ) Tj ET Q q 0 0 0 rg BT 412.14 140.20 Td (owners. ) Tj ET Q q 0 0 0 rg BT 445.56 140.20 Td (As ) Tj ET Q q 0 0 0 rg BT 459.29 140.20 Td (a ) Tj ET Q q 0 0 0 rg BT 466.34 140.20 Td (practical ) Tj ET Q q 0 0 0 rg BT 503.37 140.20 Td (matter) Tj ET Q q 0 0 0 rg BT 528.51 140.20 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 128.20 Td (this ) Tj ET Q q 0 0 0 rg BT 98.87 128.20 Td (means ) Tj ET Q q 0 0 0 rg BT 127.83 128.20 Td (commissioned ) Tj ET Q q 0 0 0 rg BT 189.02 128.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 230.76 128.20 Td (agents ) Tj ET Q q 0 0 0 rg BT 259.72 128.20 Td (selling ) Tj ET Q q 0 0 0 rg BT 289.80 128.20 Td (the ) Tj ET Q q 0 0 0 rg BT 305.44 128.20 Td (Company) Tj ET Q q 0 0 0 rg BT 347.10 128.20 Td (s ) Tj ET Q q 0 0 0 rg BT 354.41 128.20 Td (IRA) Tj ET Q q 0 0 0 rg BT 371.08 128.20 Td ( ) Tj ET Q q 0 0 0 rg BT 374.50 128.20 Td (products ) Tj ET Q q 0 0 0 rg BT 412.36 128.20 Td (must ) Tj ET Q q 0 0 0 rg BT 435.22 128.20 Td (qualify ) Tj ET Q q 0 0 0 rg BT 466.97 128.20 Td (for ) Tj ET Q q 0 0 0 rg BT 482.04 128.20 Td (a ) Tj ET Q q 0 0 0 rg BT 489.90 128.20 Td (prohibited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 116.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 127.18 116.20 Td (exemption ) Tj ET Q q 0 0 0 rg BT 171.70 116.20 Td (which ) Tj ET Q q 0 0 0 rg BT 198.45 116.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 232.97 116.20 Td (the ) Tj ET Q q 0 0 0 rg BT 247.49 116.20 Td (agent ) Tj ET Q q 0 0 0 rg BT 271.46 116.20 Td (and ) Tj ET Q q 0 0 0 rg BT 288.21 116.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.50 116.20 Td (institution ) Tj ET Q q 0 0 0 rg BT 368.37 116.20 Td (to ) Tj ET Q q 0 0 0 rg BT 378.46 116.20 Td (meet ) Tj ET Q q 0 0 0 rg BT 400.20 116.20 Td (various ) Tj ET Q q 0 0 0 rg BT 431.95 116.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 475.92 116.20 Td (including ) Tj ET Q q 0 0 0 rg BT 516.00 116.20 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 104.20 Td (an ) Tj ET Q q 0 0 0 rg BT 92.89 104.20 Td (annuity ) Tj ET Q q 0 0 0 rg BT 125.33 104.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 143.33 104.20 Td (be ) Tj ET Q q 0 0 0 rg BT 155.21 104.20 Td (in ) Tj ET Q q 0 0 0 rg BT 165.44 104.20 Td (the ) Tj ET Q q 0 0 0 rg BT 180.11 104.20 Td (best ) Tj ET Q q 0 0 0 rg BT 203.10 104.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.42 104.20 Td (of ) Tj ET Q q 0 0 0 rg BT 250.20 104.20 Td (the ) Tj ET Q q 0 0 0 rg BT 264.87 104.20 Td (client ) Tj ET Q q 0 0 0 rg BT 289.53 104.20 Td (without ) Tj ET Q q 0 0 0 rg BT 322.53 104.20 Td (regard ) Tj ET Q q 0 0 0 rg BT 350.52 104.20 Td (for ) Tj ET Q q 0 0 0 rg BT 364.63 104.20 Td (the ) Tj ET Q q 0 0 0 rg BT 379.29 104.20 Td (agent) Tj ET Q q 0 0 0 rg BT 403.73 104.20 Td (s, ) Tj ET Q q 0 0 0 rg BT 412.57 104.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 450.00 104.20 Td (institution) Tj ET Q q 0 0 0 rg BT 493.34 104.20 Td (s ) Tj ET Q q 0 0 0 rg BT 499.68 104.20 Td (or ) Tj ET Q q 0 0 0 rg BT 510.46 104.20 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.20 Td (party) Tj ET Q q 0 0 0 rg BT 104.33 92.20 Td (s ) Tj ET Q q 0 0 0 rg BT 112.30 92.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 151.37 92.20 Td (or ) Tj ET Q q 0 0 0 rg BT 163.79 92.20 Td (other ) Tj ET Q q 0 0 0 rg BT 188.42 92.20 Td (interests, ) Tj ET Q q 0 0 0 rg BT 228.34 92.20 Td (and ) Tj ET Q q 0 0 0 rg BT 246.86 92.20 Td (that ) Tj ET Q q 0 0 0 rg BT 265.94 92.20 Td (any ) Tj ET Q q 0 0 0 rg BT 284.47 92.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 344.10 92.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 365.40 92.20 Td (to ) Tj ET Q q 0 0 0 rg BT 377.27 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 393.57 92.20 Td (agent ) Tj ET Q q 0 0 0 rg BT 419.32 92.20 Td (and ) Tj ET Q q 0 0 0 rg BT 437.84 92.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 476.91 92.20 Td (institution ) Tj ET Q q 0 0 0 rg BT 521.56 92.20 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.20 Td (reasonable. ) Tj ET Q q 0 0 0 rg BT 128.44 80.20 Td (The ) Tj ET Q q 0 0 0 rg BT 146.35 80.20 Td (final ) Tj ET Q q 0 0 0 rg BT 167.03 80.20 Td (rule ) Tj ET Q q 0 0 0 rg BT 184.94 80.20 Td (was ) Tj ET Q q 0 0 0 rg BT 202.85 80.20 Td (ef) Tj ET Q q 0 0 0 rg BT 210.44 80.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 240.00 80.20 Td (June ) Tj ET Q q 0 0 0 rg BT 260.69 80.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 283.05 80.20 Td (and ) Tj ET Q q 0 0 0 rg BT 299.85 80.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 339.41 80.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 382.86 80.20 Td (in ) Tj ET Q q 0 0 0 rg BT 392.48 80.20 Td (April ) Tj ET Q q 0 0 0 rg BT 415.95 80.20 Td (2017. ) Tj ET Q q 0 0 0 rg BT 440.64 80.20 Td (The ) Tj ET Q q 0 0 0 rg BT 458.54 80.20 Td (rule ) Tj ET Q q 0 0 0 rg BT 476.45 80.20 Td (has ) Tj ET Q q 0 0 0 rg BT 492.14 80.20 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 68.20 Td (considerable ) Tj ET Q q 0 0 0 rg BT 135.11 68.20 Td (controversy ) Tj ET Q q 0 0 0 rg BT 185.89 68.20 Td (and ) Tj ET Q q 0 0 0 rg BT 203.90 68.20 Td (is ) Tj ET Q q 0 0 0 rg BT 214.14 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 229.94 68.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 261.83 68.20 Td (of ) Tj ET Q q 0 0 0 rg BT 273.74 68.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 310.09 68.20 Td (ef) Tj ET Q q 0 0 0 rg BT 317.68 68.20 Td (forts ) Tj ET Q q 0 0 0 rg BT 339.58 68.20 Td (to ) Tj ET Q q 0 0 0 rg BT 350.94 68.20 Td (block ) Tj ET Q q 0 0 0 rg BT 376.73 68.20 Td (implementation ) Tj ET Q q 0 0 0 rg BT 443.07 68.20 Td (both ) Tj ET Q q 0 0 0 rg BT 464.42 68.20 Td (in ) Tj ET Q q 0 0 0 rg BT 475.77 68.20 Td (Congress ) Tj ET Q q 0 0 0 rg BT 516.57 68.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 56.20 Td (through ) Tj ET Q q 0 0 0 rg BT 114.09 56.20 Td (court ) Tj ET Q q 0 0 0 rg BT 136.61 56.20 Td (actions. ) Tj ET Q q 0 0 0 rg BT 169.27 56.20 Td (The ) Tj ET Q q 0 0 0 rg BT 186.80 56.20 Td (success ) Tj ET Q q 0 0 0 rg BT 218.77 56.20 Td (or ) Tj ET Q q 0 0 0 rg BT 229.08 56.20 Td (failure ) Tj ET Q q 0 0 0 rg BT 257.15 56.20 Td (of ) Tj ET Q q 0 0 0 rg BT 267.46 56.20 Td (these ) Tj ET Q q 0 0 0 rg BT 289.99 56.20 Td (ef) Tj ET Q q 0 0 0 rg BT 297.57 56.20 Td (forts ) Tj ET Q q 0 0 0 rg BT 317.88 56.20 Td (cannot ) Tj ET Q q 0 0 0 rg BT 346.52 56.20 Td (be ) Tj ET Q q 0 0 0 rg BT 357.94 56.20 Td (predicted. ) Tj ET Q q 0 0 0 rg BT 399.18 56.20 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 441.72 56.20 Td (the ) Tj ET Q q 0 0 0 rg BT 455.92 56.20 Td (rule ) Tj ET Q q 0 0 0 rg BT 473.44 56.20 Td (is ) Tj ET Q q 0 0 0 rg BT 482.09 56.20 Td (not ) Tj ET Q q 0 0 0 rg BT 496.85 56.20 Td (blocked, ) Tj ET Q endstream endobj 251 0 obj <>] /Rotate 0 /Contents 252 0 R>> endobj 252 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.96 735.60 Td (precise ) Tj ET Q q 0 0 0 rg BT 127.02 735.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 156.98 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.06 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.02 735.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 201.31 735.60 Td (on ) Tj ET Q q 0 0 0 rg BT 214.06 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.02 735.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 266.75 735.60 Td (services ) Tj ET Q q 0 0 0 rg BT 301.70 735.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 337.22 735.60 Td (more ) Tj ET Q q 0 0 0 rg BT 360.51 735.60 Td (generally) Tj ET Q q 0 0 0 rg BT 397.07 735.60 Td (, ) Tj ET Q q 0 0 0 rg BT 402.31 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 419.50 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.46 735.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 464.42 735.60 Td (on ) Tj ET Q q 0 0 0 rg BT 477.16 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.13 735.60 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.29 723.60 Td (its ) Tj ET Q q 0 0 0 rg BT 108.58 723.60 Td (business ) Tj ET Q q 0 0 0 rg BT 144.32 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 153.95 723.60 Td (particular) Tj ET Q q 0 0 0 rg BT 191.86 723.60 Td (, ) Tj ET Q q 0 0 0 rg BT 196.20 723.60 Td (is ) Tj ET Q q 0 0 0 rg BT 204.72 723.60 Td (dif) Tj ET Q q 0 0 0 rg BT 215.65 723.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 238.60 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 248.22 723.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 274.51 723.60 Td (because ) Tj ET Q q 0 0 0 rg BT 308.01 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.07 723.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 339.46 723.60 Td (is ) Tj ET Q q 0 0 0 rg BT 347.98 723.60 Td (new ) Tj ET Q q 0 0 0 rg BT 366.49 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 382.77 723.60 Td (still ) Tj ET Q q 0 0 0 rg BT 399.63 723.60 Td (being ) Tj ET Q q 0 0 0 rg BT 423.69 723.60 Td (studied. ) Tj ET Q q 0 0 0 rg BT 456.79 723.60 Td (While ) Tj ET Q q 0 0 0 rg BT 483.07 723.60 Td (we ) Tj ET Q q 0 0 0 rg BT 496.58 723.60 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.47 711.60 Td (analyze ) Tj ET Q q 0 0 0 rg BT 124.70 711.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.61 711.60 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 185.34 711.60 Td (we ) Tj ET Q q 0 0 0 rg BT 199.69 711.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 231.26 711.60 Td (it ) Tj ET Q q 0 0 0 rg BT 239.51 711.60 Td (could ) Tj ET Q q 0 0 0 rg BT 264.42 711.60 Td (have ) Tj ET Q q 0 0 0 rg BT 285.99 711.60 Td (an ) Tj ET Q q 0 0 0 rg BT 298.12 711.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 331.35 711.60 Td (ef) Tj ET Q q 0 0 0 rg BT 338.94 711.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 356.62 711.60 Td (on ) Tj ET Q q 0 0 0 rg BT 369.31 711.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 391.44 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 402.46 711.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 435.15 711.60 Td (products ) Tj ET Q q 0 0 0 rg BT 472.28 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 482.75 711.60 Td (IRA) Tj ET Q q 0 0 0 rg BT 499.42 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.12 711.60 Td (owners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 129.70 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.09 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 154.92 699.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 206.41 699.60 Td (agent ) Tj ET Q q 0 0 0 rg BT 230.67 699.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 279.40 699.60 Td (channel. ) Tj ET Q q 0 0 0 rg BT 315.03 699.60 Td (A) Tj ET Q q 0 0 0 rg BT 321.70 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 324.31 699.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 369.13 699.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 400.63 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 411.58 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 427.52 699.60 Td (annuity ) Tj ET Q q 0 0 0 rg BT 460.13 699.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 482.18 699.60 Td (are ) Tj ET Q q 0 0 0 rg BT 497.00 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 507.39 699.60 Td (IRAs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 130.85 687.60 Td (with ) Tj ET Q q 0 0 0 rg BT 150.15 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.89 687.60 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 206.52 687.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 251.92 687.60 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 299.55 687.60 Td (would ) Tj ET Q q 0 0 0 rg BT 326.08 687.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 350.38 687.60 Td (require ) Tj ET Q q 0 0 0 rg BT 380.22 687.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 421.73 687.60 Td (supervision ) Tj ET Q q 0 0 0 rg BT 469.37 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 479.22 687.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 508.80 687.60 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 115.30 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 125.18 675.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 182.82 675.60 Td (practices ) Tj ET Q q 0 0 0 rg BT 220.44 675.60 Td (and ) Tj ET Q q 0 0 0 rg BT 236.98 675.60 Td (product ) Tj ET Q q 0 0 0 rg BT 269.62 675.60 Td (of) Tj ET Q q 0 0 0 rg BT 277.77 675.60 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 310.14 675.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.67 675.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 361.52 675.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 399.73 675.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 419.32 675.60 Td (all ) Tj ET Q q 0 0 0 rg BT 431.41 675.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.84 675.60 Td (which ) Tj ET Q q 0 0 0 rg BT 468.37 675.60 Td (could ) Tj ET Q q 0 0 0 rg BT 492.69 675.60 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.71 663.60 Td (our ) Tj ET Q q 0 0 0 rg BT 126.54 663.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 165.43 663.60 Td (results ) Tj ET Q q 0 0 0 rg BT 194.04 663.60 Td (of ) Tj ET Q q 0 0 0 rg BT 204.87 663.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 249.03 663.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 277.07 663.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 314.55 663.60 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 642.60 Td (Use ) Tj ET Q q 0 0 0 rg BT 112.55 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 123.38 642.60 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 165.89 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.58 642.60 Td (Assumptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 623.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.25 623.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 170.98 623.60 Td (of ) Tj ET Q q 0 0 0 rg BT 182.50 623.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.92 623.60 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.70 623.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 301.67 623.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 342.08 623.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.96 623.60 Td ( ) Tj ET Q q 0 0 0 rg BT 389.16 623.60 Td (in ) Tj ET Q q 0 0 0 rg BT 400.14 623.60 Td (conformity ) Tj ET Q q 0 0 0 rg BT 447.77 623.60 Td (with ) Tj ET Q q 0 0 0 rg BT 468.74 623.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 495.60 623.60 Td ( ) Tj ET Q q 0 0 0 rg BT 498.80 623.60 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 611.60 Td (management ) Tj ET Q q 0 0 0 rg BT 135.67 611.60 Td (to ) Tj ET Q q 0 0 0 rg BT 147.02 611.60 Td (make ) Tj ET Q q 0 0 0 rg BT 172.25 611.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 213.04 611.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.06 611.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 284.08 611.60 Td (that ) Tj ET Q q 0 0 0 rg BT 302.65 611.60 Td (af) Tj ET Q q 0 0 0 rg BT 310.24 611.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 328.80 611.60 Td (the ) Tj ET Q q 0 0 0 rg BT 344.60 611.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 381.49 611.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 418.95 611.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.86 611.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 457.77 611.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.78 611.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 516.57 611.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 599.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 128.03 599.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.95 599.60 Td (contingent ) Tj ET Q q 0 0 0 rg BT 183.75 599.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 209.67 599.60 Td (and ) Tj ET Q q 0 0 0 rg BT 226.70 599.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 266.50 599.60 Td (at ) Tj ET Q q 0 0 0 rg BT 276.31 599.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.11 599.60 Td (date ) Tj ET Q q 0 0 0 rg BT 310.36 599.60 Td (of ) Tj ET Q q 0 0 0 rg BT 321.28 599.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.08 599.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 373.65 599.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 418.46 599.60 Td (and ) Tj ET Q q 0 0 0 rg BT 435.48 599.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.29 599.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 486.19 599.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 522.67 599.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 587.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 118.04 587.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.99 587.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 171.59 587.60 Td (during ) Tj ET Q q 0 0 0 rg BT 199.20 587.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.93 587.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 251.09 587.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 280.31 587.60 Td (Actual ) Tj ET Q q 0 0 0 rg BT 308.47 587.60 Td (results ) Tj ET Q q 0 0 0 rg BT 336.08 587.60 Td (could ) Tj ET Q q 0 0 0 rg BT 359.80 587.60 Td (dif) Tj ET Q q 0 0 0 rg BT 370.73 587.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 383.33 587.60 Td (from ) Tj ET Q q 0 0 0 rg BT 404.28 587.60 Td (those ) Tj ET Q q 0 0 0 rg BT 426.89 587.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 465.61 587.60 Td (and ) Tj ET Q q 0 0 0 rg BT 481.55 587.60 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 575.60 Td (used.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 556.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.09 556.60 Td (Company) Tj ET Q q 0 0 0 rg BT 163.75 556.60 Td (s ) Tj ET Q q 0 0 0 rg BT 169.18 556.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 212.93 556.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 251.69 556.60 Td (which ) Tj ET Q q 0 0 0 rg BT 277.66 556.60 Td (are ) Tj ET Q q 0 0 0 rg BT 291.41 556.60 Td (susceptible ) Tj ET Q q 0 0 0 rg BT 337.38 556.60 Td (to ) Tj ET Q q 0 0 0 rg BT 346.70 556.60 Td (change ) Tj ET Q q 0 0 0 rg BT 376.56 556.60 Td (in ) Tj ET Q q 0 0 0 rg BT 385.87 556.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.63 556.60 Td (near ) Tj ET Q q 0 0 0 rg BT 418.38 556.60 Td (term ) Tj ET Q q 0 0 0 rg BT 438.24 556.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 461.98 556.60 Td (to ) Tj ET Q q 0 0 0 rg BT 471.30 556.60 Td (\(1\)recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 544.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.45 544.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 128.88 544.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 144.22 544.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 170.68 544.60 Td (and ) Tj ET Q q 0 0 0 rg BT 188.24 544.60 Td (related ) Tj ET Q q 0 0 0 rg BT 218.57 544.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 258.90 544.60 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 308.95 544.60 Td (\(2\)fair ) Tj ET Q q 0 0 0 rg BT 340.11 544.60 Td (value ) Tj ET Q q 0 0 0 rg BT 364.89 544.60 Td (of ) Tj ET Q q 0 0 0 rg BT 376.35 544.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 406.67 544.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 443.12 544.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 469.58 544.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.14 544.60 Td (derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 532.60 Td (including ) Tj ET Q q 0 0 0 rg BT 120.69 532.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 163.71 532.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 209.50 532.60 Td (\(see ) Tj ET Q q 0 0 0 rg BT 227.52 532.60 Td ("Note4. ) Tj ET Q q 0 0 0 rg BT 262.96 532.60 Td (Investments", ) Tj ET Q q 0 0 0 rg BT 319.79 532.60 Td ("Note ) Tj ET Q q 0 0 0 rg BT 345.23 532.60 Td (5. ) Tj ET Q q 0 0 0 rg BT 354.65 532.60 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 398.77 532.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 437.90 532.60 Td (Instruments" ) Tj ET Q q 0 0 0 rg BT 491.12 532.60 Td (and ) Tj ET Q q 0 0 0 rg BT 507.48 532.60 Td ("Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 520.60 Td (6. ) Tj ET Q q 0 0 0 rg BT 92.85 520.60 Td (Fair ) Tj ET Q q 0 0 0 rg BT 113.00 520.60 Td (V) Tj ET Q q 0 0 0 rg BT 119.11 520.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 140.12 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.80 520.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 194.37 520.60 Td (Instruments" ) Tj ET Q q 0 0 0 rg BT 250.02 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 262.15 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.72 520.60 Td (Company) Tj ET Q q 0 0 0 rg BT 320.39 520.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.63 520.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 385.76 520.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 427.32 520.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.21 520.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 481.39 520.60 Td (\(3\)OTTI ) Tj ET Q q 0 0 0 rg BT 522.67 520.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 508.60 Td (available-for) Tj ET Q q 0 0 0 rg BT 131.88 508.60 Td (-sale ) Tj ET Q q 0 0 0 rg BT 153.28 508.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 203.57 508.60 Td (\(see ) Tj ET Q q 0 0 0 rg BT 222.19 508.60 Td ("Note4. ) Tj ET Q q 0 0 0 rg BT 258.23 508.60 Td (Investments" ) Tj ET Q q 0 0 0 rg BT 313.15 508.60 Td (to ) Tj ET Q q 0 0 0 rg BT 323.45 508.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.19 508.60 Td (Company) Tj ET Q q 0 0 0 rg BT 379.85 508.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.26 508.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 441.56 508.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 481.29 508.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.17 508.60 Td (\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 496.60 Td (\(4\)amortization ) Tj ET Q q 0 0 0 rg BT 151.00 496.60 Td (of ) Tj ET Q q 0 0 0 rg BT 164.64 496.60 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 213.83 496.60 Td (\(see ) Tj ET Q q 0 0 0 rg BT 235.23 496.60 Td ("Note7. ) Tj ET Q q 0 0 0 rg BT 274.06 496.60 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 318.74 496.60 Td (Assets" ) Tj ET Q q 0 0 0 rg BT 354.24 496.60 Td (to ) Tj ET Q q 0 0 0 rg BT 367.32 496.60 Td (the ) Tj ET Q q 0 0 0 rg BT 384.85 496.60 Td (Company) Tj ET Q q 0 0 0 rg BT 426.51 496.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.71 496.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 493.79 496.60 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 484.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.88 484.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 134.45 484.60 Td (\(5\)estimates ) Tj ET Q q 0 0 0 rg BT 189.56 484.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.63 484.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 238.12 484.60 Td (for ) Tj ET Q q 0 0 0 rg BT 253.52 484.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 272.82 484.60 Td (contingencies, ) Tj ET Q q 0 0 0 rg BT 334.04 484.60 Td (including ) Tj ET Q q 0 0 0 rg BT 375.55 484.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 415.40 484.60 Td (and ) Tj ET Q q 0 0 0 rg BT 433.57 484.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 478.40 484.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 514.90 484.60 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 472.60 Td ("Note12. ) Tj ET Q q 0 0 0 rg BT 122.21 472.60 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 181.57 472.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.70 472.60 Td (Contingencies" ) Tj ET Q q 0 0 0 rg BT 262.69 472.60 Td (to ) Tj ET Q q 0 0 0 rg BT 273.16 472.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.07 472.60 Td (Company) Tj ET Q q 0 0 0 rg BT 329.73 472.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.32 472.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 391.78 472.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 431.69 472.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.57 472.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 484.09 472.60 Td (\(6\)reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 460.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.45 460.60 Td (future ) Tj ET Q q 0 0 0 rg BT 122.12 460.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 149.90 460.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 184.35 460.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.57 460.60 Td (product ) Tj ET Q q 0 0 0 rg BT 234.91 460.60 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 280.45 460.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.68 460.60 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 312.13 460.60 Td (recognition ) Tj ET Q q 0 0 0 rg BT 360.46 460.60 Td (of ) Tj ET Q q 0 0 0 rg BT 371.58 460.60 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 421.58 460.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 479.91 460.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 514.91 460.60 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 448.60 Td ("Note ) Tj ET Q q 0 0 0 rg BT 107.02 448.60 Td (10. ) Tj ET Q q 0 0 0 rg BT 122.02 448.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 147.30 448.60 Td (Compensation" ) Tj ET Q q 0 0 0 rg BT 211.65 448.60 Td (to ) Tj ET Q q 0 0 0 rg BT 221.93 448.60 Td (the ) Tj ET Q q 0 0 0 rg BT 236.65 448.60 Td (Company) Tj ET Q q 0 0 0 rg BT 278.31 448.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.71 448.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 339.98 448.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 379.69 448.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.57 448.60 Td (\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 429.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.31 429.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.95 429.60 Td (periodically) Tj ET Q q 0 0 0 rg BT 210.06 429.60 Td (, ) Tj ET Q q 0 0 0 rg BT 214.32 429.60 Td (and ) Tj ET Q q 0 0 0 rg BT 230.52 429.60 Td (at ) Tj ET Q q 0 0 0 rg BT 239.50 429.60 Td (least ) Tj ET Q q 0 0 0 rg BT 259.58 429.60 Td (annually) Tj ET Q q 0 0 0 rg BT 293.37 429.60 Td (, ) Tj ET Q q 0 0 0 rg BT 297.63 429.60 Td (reviews ) Tj ET Q q 0 0 0 rg BT 330.49 429.60 Td (the ) Tj ET Q q 0 0 0 rg BT 344.47 429.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 395.67 429.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 438.53 429.60 Td (with ) Tj ET Q q 0 0 0 rg BT 458.07 429.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 492.59 429.60 Td (for ) Tj ET Q q 0 0 0 rg BT 506.01 429.60 Td (policy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 417.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 115.50 417.60 Td (and ) Tj ET Q q 0 0 0 rg BT 132.79 417.60 Td (products ) Tj ET Q q 0 0 0 rg BT 170.07 417.60 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 215.67 417.60 Td (and ) Tj ET Q q 0 0 0 rg BT 232.96 417.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 286.34 417.60 Td (of ) Tj ET Q q 0 0 0 rg BT 297.52 417.60 Td (intangibles. ) Tj ET Q q 0 0 0 rg BT 346.12 417.60 Td (As ) Tj ET Q q 0 0 0 rg BT 360.08 417.60 Td (part ) Tj ET Q q 0 0 0 rg BT 378.47 417.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.65 417.60 Td (the ) Tj ET Q q 0 0 0 rg BT 404.71 417.60 Td (assumption ) Tj ET Q q 0 0 0 rg BT 453.12 417.60 Td (review ) Tj ET Q q 0 0 0 rg BT 483.17 417.60 Td (process ) Tj ET Q q 0 0 0 rg BT 516.01 417.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 405.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 118.68 405.60 Td (in ) Tj ET Q q 0 0 0 rg BT 129.16 405.60 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.63 405.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.63 405.60 Td (, ) Tj ET Q q 0 0 0 rg BT 199.84 405.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 234.75 405.60 Td (were ) Tj ET Q q 0 0 0 rg BT 256.88 405.60 Td (made ) Tj ET Q q 0 0 0 rg BT 281.24 405.60 Td (to ) Tj ET Q q 0 0 0 rg BT 291.73 405.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.65 405.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 347.11 405.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 368.70 405.60 Td (and ) Tj ET Q q 0 0 0 rg BT 385.84 405.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 415.19 405.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 436.77 405.60 Td (to ) Tj ET Q q 0 0 0 rg BT 447.25 405.60 Td (bring ) Tj ET Q q 0 0 0 rg BT 471.07 405.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 523.22 405.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 393.60 Td (line ) Tj ET Q q 0 0 0 rg BT 98.93 393.60 Td (with ) Tj ET Q q 0 0 0 rg BT 119.64 393.60 Td (current ) Tj ET Q q 0 0 0 rg BT 150.89 393.60 Td (and ) Tj ET Q q 0 0 0 rg BT 168.26 393.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 206.72 393.60 Td (future ) Tj ET Q q 0 0 0 rg BT 233.53 393.60 Td (experience. ) Tj ET Q q 0 0 0 rg BT 281.62 393.60 Td (As ) Tj ET Q q 0 0 0 rg BT 295.66 393.60 Td (part ) Tj ET Q q 0 0 0 rg BT 314.14 393.60 Td (of ) Tj ET Q q 0 0 0 rg BT 325.40 393.60 Td (the ) Tj ET Q q 0 0 0 rg BT 340.55 393.60 Td (assumption ) Tj ET Q q 0 0 0 rg BT 389.04 393.60 Td (review ) Tj ET Q q 0 0 0 rg BT 419.18 393.60 Td (process ) Tj ET Q q 0 0 0 rg BT 452.10 393.60 Td (in ) Tj ET Q q 0 0 0 rg BT 462.81 393.60 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.51 393.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 393.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 381.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 115.41 381.60 Td (were ) Tj ET Q q 0 0 0 rg BT 137.05 381.60 Td (made ) Tj ET Q q 0 0 0 rg BT 160.91 381.60 Td (to ) Tj ET Q q 0 0 0 rg BT 170.90 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.32 381.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 214.17 381.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 235.26 381.60 Td (and ) Tj ET Q q 0 0 0 rg BT 251.90 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 266.33 381.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 312.40 381.60 Td (option ) Tj ET Q q 0 0 0 rg BT 340.16 381.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 364.87 381.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.51 381.60 Td (as ) Tj ET Q q 0 0 0 rg BT 392.05 381.60 Td (part ) Tj ET Q q 0 0 0 rg BT 409.80 381.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.34 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.76 381.60 Td (September ) Tj ET Q q 0 0 0 rg BT 479.74 381.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 501.94 381.60 Td (review) Tj ET Q q 0 0 0 rg BT 528.50 381.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 369.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 115.70 369.60 Td (were ) Tj ET Q q 0 0 0 rg BT 137.61 369.60 Td (made ) Tj ET Q q 0 0 0 rg BT 161.76 369.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.03 369.60 Td (the ) Tj ET Q q 0 0 0 rg BT 186.73 369.60 Td (surrender ) Tj ET Q q 0 0 0 rg BT 226.98 369.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 250.85 369.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 279.98 369.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 301.35 369.60 Td (and ) Tj ET Q q 0 0 0 rg BT 318.28 369.60 Td (future ) Tj ET Q q 0 0 0 rg BT 344.64 369.60 Td (index ) Tj ET Q q 0 0 0 rg BT 369.35 369.60 Td (credits. ) Tj ET Q q 0 0 0 rg BT 400.81 369.60 Td (The ) Tj ET Q q 0 0 0 rg BT 418.85 369.60 Td (change ) Tj ET Q q 0 0 0 rg BT 449.65 369.60 Td (in ) Tj ET Q q 0 0 0 rg BT 459.92 369.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 511.86 369.60 Td (as ) Tj ET Q q 0 0 0 rg BT 522.68 369.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 357.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 143.16 357.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.16 357.60 Td ( ) Tj ET Q q 0 0 0 rg BT 167.55 357.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 203.60 357.60 Td (in ) Tj ET Q q 0 0 0 rg BT 215.77 357.60 Td (a ) Tj ET Q q 0 0 0 rg BT 224.60 357.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.21 357.60 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.96 357.60 Td ( ) Tj ET Q q 0 0 0 rg BT 278.36 357.60 Td (in ) Tj ET Q q 0 0 0 rg BT 290.53 357.60 Td (future ) Tj ET Q q 0 0 0 rg BT 318.80 357.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 358.72 357.60 Td (mar) Tj ET Q q 0 0 0 rg BT 374.09 357.60 Td (gins ) Tj ET Q q 0 0 0 rg BT 395.15 357.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.99 357.60 Td (a ) Tj ET Q q 0 0 0 rg BT 422.82 357.60 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.42 357.60 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.83 357.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.22 357.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 345.60 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 132.37 345.60 Td (and ) Tj ET Q q 0 0 0 rg BT 149.32 345.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 202.35 345.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 237.06 345.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.01 345.60 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.76 345.60 Td ( ) Tj ET Q q 0 0 0 rg BT 289.26 345.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 331.75 345.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 357.59 345.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.42 345.60 Td ($20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.42 345.60 Td (. ) Tj ET Q q 0 0 0 rg BT 388.42 345.60 Td () Tj ET Q q 0 0 0 rg BT 390.74 345.60 Td (These ) Tj ET Q q 0 0 0 rg BT 417.12 345.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 469.07 345.60 Td (are ) Tj ET Q q 0 0 0 rg BT 483.78 345.60 Td (also ) Tj ET Q q 0 0 0 rg BT 502.39 345.60 Td (used ) Tj ET Q q 0 0 0 rg BT 523.22 345.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 333.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.69 333.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 127.03 333.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 173.37 333.60 Td (and ) Tj ET Q q 0 0 0 rg BT 190.28 333.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 224.41 333.60 Td (in ) Tj ET Q q 0 0 0 rg BT 234.66 333.60 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.57 333.60 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.32 333.60 Td ( ) Tj ET Q q 0 0 0 rg BT 281.79 333.60 Td (in ) Tj ET Q q 0 0 0 rg BT 292.04 333.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 327.27 333.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.08 333.60 Td ($22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.08 333.60 Td (for ) Tj ET Q q 0 0 0 rg BT 369.71 333.60 Td (the ) Tj ET Q q 0 0 0 rg BT 384.40 333.60 Td (year ) Tj ET Q q 0 0 0 rg BT 404.08 333.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.43 333.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 490.66 333.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.66 333.60 Td (. ) Tj ET Q q 0 0 0 rg BT 515.46 333.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 321.60 Td (change ) Tj ET Q q 0 0 0 rg BT 113.03 321.60 Td (in ) Tj ET Q q 0 0 0 rg BT 124.52 321.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 177.67 321.60 Td (as ) Tj ET Q q 0 0 0 rg BT 189.72 321.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.76 321.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 263.23 321.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.23 321.60 Td ( ) Tj ET Q q 0 0 0 rg BT 286.94 321.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 322.31 321.60 Td (in ) Tj ET Q q 0 0 0 rg BT 333.80 321.60 Td (a ) Tj ET Q q 0 0 0 rg BT 341.95 321.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.88 321.60 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.63 321.60 Td ( ) Tj ET Q q 0 0 0 rg BT 394.34 321.60 Td (in ) Tj ET Q q 0 0 0 rg BT 405.83 321.60 Td (future ) Tj ET Q q 0 0 0 rg BT 433.42 321.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 472.66 321.60 Td (mar) Tj ET Q q 0 0 0 rg BT 488.03 321.60 Td (gins ) Tj ET Q q 0 0 0 rg BT 508.41 321.60 Td (and ) Tj ET Q q 0 0 0 rg BT 526.56 321.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 309.60 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.84 309.60 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.25 309.60 Td ( ) Tj ET Q q 0 0 0 rg BT 177.89 309.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.30 309.60 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 239.80 309.60 Td (and ) Tj ET Q q 0 0 0 rg BT 256.88 309.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 310.05 309.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 344.89 309.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.96 309.60 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.71 309.60 Td ( ) Tj ET Q q 0 0 0 rg BT 397.35 309.60 Td (to ) Tj ET Q q 0 0 0 rg BT 407.76 309.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 450.38 309.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 476.34 309.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.31 309.60 Td ($55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.31 309.60 Td (.) Tj ET Q q 0 0 0 rg BT 507.13 309.60 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 297.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 132.43 297.60 Td (are ) Tj ET Q q 0 0 0 rg BT 146.62 297.60 Td (also ) Tj ET Q q 0 0 0 rg BT 164.71 297.60 Td (used ) Tj ET Q q 0 0 0 rg BT 185.02 297.60 Td (in ) Tj ET Q q 0 0 0 rg BT 194.78 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.98 297.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 239.83 297.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 285.68 297.60 Td (and ) Tj ET Q q 0 0 0 rg BT 302.10 297.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 335.74 297.60 Td (in ) Tj ET Q q 0 0 0 rg BT 345.50 297.60 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.92 297.60 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.68 297.60 Td ( ) Tj ET Q q 0 0 0 rg BT 391.66 297.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.42 297.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 436.16 297.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.47 297.60 Td ($18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.47 297.60 Td (in ) Tj ET Q q 0 0 0 rg BT 473.73 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.93 297.60 Td (year ) Tj ET Q q 0 0 0 rg BT 507.12 297.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 285.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 142.03 285.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.03 285.60 Td (. ) Tj ET Q q 0 0 0 rg BT 167.57 285.60 Td (The ) Tj ET Q q 0 0 0 rg BT 186.38 285.60 Td (change ) Tj ET Q q 0 0 0 rg BT 217.97 285.60 Td (in ) Tj ET Q q 0 0 0 rg BT 229.01 285.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 281.73 285.60 Td (as ) Tj ET Q q 0 0 0 rg BT 293.33 285.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.93 285.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 365.96 285.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 389.23 285.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 424.15 285.60 Td (in ) Tj ET Q q 0 0 0 rg BT 435.20 285.60 Td (a ) Tj ET Q q 0 0 0 rg BT 442.91 285.60 Td (net ) Tj ET Q q 0 0 0 rg BT 458.40 285.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 496.08 285.60 Td (in ) Tj ET Q q 0 0 0 rg BT 507.13 285.60 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 118.19 273.60 Td (mar) Tj ET Q q 0 0 0 rg BT 133.55 273.60 Td (gins ) Tj ET Q q 0 0 0 rg BT 151.87 273.60 Td (and ) Tj ET Q q 0 0 0 rg BT 167.97 273.60 Td (a ) Tj ET Q q 0 0 0 rg BT 174.06 273.60 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 232.92 273.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 267.32 273.60 Td (in ) Tj ET Q q 0 0 0 rg BT 276.75 273.60 Td (unlocking ) Tj ET Q q 0 0 0 rg BT 327.28 273.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.37 273.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 395.56 273.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 429.42 273.60 Td (and ) Tj ET Q q 0 0 0 rg BT 445.51 273.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 481.58 273.60 Td (in ) Tj ET Q q 0 0 0 rg BT 491.01 273.60 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 107.05 261.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.11 261.60 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.11 261.60 Td (. ) Tj ET Q q 0 0 0 rg BT 133.13 261.60 Td (These ) Tj ET Q q 0 0 0 rg BT 159.73 261.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 211.91 261.60 Td (are ) Tj ET Q q 0 0 0 rg BT 226.84 261.60 Td (also ) Tj ET Q q 0 0 0 rg BT 245.67 261.60 Td (used ) Tj ET Q q 0 0 0 rg BT 266.72 261.60 Td (in ) Tj ET Q q 0 0 0 rg BT 277.22 261.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.17 261.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 323.76 261.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 370.35 261.60 Td (and ) Tj ET Q q 0 0 0 rg BT 387.51 261.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 421.89 261.60 Td (in ) Tj ET Q q 0 0 0 rg BT 432.39 261.60 Td (a ) Tj ET Q q 0 0 0 rg BT 439.55 261.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 476.69 261.60 Td (in ) Tj ET Q q 0 0 0 rg BT 487.19 261.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 522.67 261.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 249.60 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 249.60 Td (during ) Tj ET Q q 0 0 0 rg BT 122.11 249.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.83 249.60 Td (year ) Tj ET Q q 0 0 0 rg BT 156.53 249.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 182.91 249.60 Td (September ) Tj ET Q q 0 0 0 rg BT 228.17 249.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 243.17 249.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 268.17 249.60 Td (net ) Tj ET Q q 0 0 0 rg BT 282.89 249.60 Td (of ) Tj ET Q q 0 0 0 rg BT 293.72 249.60 Td (related ) Tj ET Q q 0 0 0 rg BT 323.42 249.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 365.91 249.60 Td (amortization.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 228.60 Td (Concentrations ) Tj ET Q q 0 0 0 rg BT 158.85 228.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.68 228.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 212.75 228.60 Td (Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 209.60 Td (As ) Tj ET Q q 0 0 0 rg BT 118.42 209.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.05 209.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 189.12 209.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.12 209.60 Td ( ) Tj ET Q q 0 0 0 rg BT 211.43 209.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.17 209.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.17 209.60 Td (, ) Tj ET Q q 0 0 0 rg BT 252.97 209.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.50 209.60 Td (Company) Tj ET Q q 0 0 0 rg BT 309.16 209.60 Td (s ) Tj ET Q q 0 0 0 rg BT 315.36 209.60 Td (most ) Tj ET Q q 0 0 0 rg BT 337.11 209.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 381.63 209.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 427.81 209.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.90 209.60 Td (one ) Tj ET Q q 0 0 0 rg BT 454.64 209.60 Td (industry) Tj ET Q q 0 0 0 rg BT 486.77 209.60 Td (, ) Tj ET Q q 0 0 0 rg BT 491.57 209.60 Td (excluding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 197.60 Td (United ) Tj ET Q q 0 0 0 rg BT 111.44 197.60 Td (States ) Tj ET Q q 0 0 0 rg BT 138.55 197.60 Td (\("U.S."\) ) Tj ET Q q 0 0 0 rg BT 174.38 197.60 Td (Government ) Tj ET Q q 0 0 0 rg BT 227.58 197.60 Td (securities, ) Tj ET Q q 0 0 0 rg BT 271.07 197.60 Td (was ) Tj ET Q q 0 0 0 rg BT 289.84 197.60 Td (its ) Tj ET Q q 0 0 0 rg BT 302.51 197.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 349.62 197.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 390.60 197.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.60 197.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.04 197.60 Td (banking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.26 197.60 Td ( ) Tj ET Q q 0 0 0 rg BT 452.48 197.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 488.48 197.60 Td (with ) Tj ET Q q 0 0 0 rg BT 509.48 197.60 Td (a ) Tj ET Q q 0 0 0 rg BT 517.14 197.60 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 185.60 Td (value ) Tj ET Q q 0 0 0 rg BT 104.98 185.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.63 185.60 Td ($2,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.13 185.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.45 185.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.10 185.60 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.43 185.60 Td ( ) Tj ET Q q 0 0 0 rg BT 176.75 185.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.51 185.60 Td ($1,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.01 185.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.34 185.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.99 185.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.32 185.60 Td (, ) Tj ET Q q 0 0 0 rg BT 257.14 185.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 304.80 185.60 Td (, ) Tj ET Q q 0 0 0 rg BT 309.62 185.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.27 185.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.81 185.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 370.46 185.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 396.11 185.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 433.43 185.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.19 185.60 Td (an ) Tj ET Q q 0 0 0 rg BT 461.95 185.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 504.25 185.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 522.68 185.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 173.60 Td ($2,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 173.60 Td ( ) Tj ET Q q 0 0 0 rg BT 112.24 173.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.42 173.60 Td ($1,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.92 173.60 Td (, ) Tj ET Q q 0 0 0 rg BT 164.16 173.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 211.82 173.60 Td (. ) Tj ET Q q 0 0 0 rg BT 217.23 173.60 Td (As ) Tj ET Q q 0 0 0 rg BT 232.09 173.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.16 173.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 305.66 173.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.66 173.60 Td (, ) Tj ET Q q 0 0 0 rg BT 331.90 173.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.86 173.60 Td (Company) Tj ET Q q 0 0 0 rg BT 389.52 173.60 Td (s ) Tj ET Q q 0 0 0 rg BT 397.16 173.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 435.35 173.60 Td (in ) Tj ET Q q 0 0 0 rg BT 446.86 173.60 Td (this ) Tj ET Q q 0 0 0 rg BT 465.05 173.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 501.57 173.60 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 161.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 131.63 161.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.26 161.60 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.26 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 155.11 161.60 Td (dif) Tj ET Q q 0 0 0 rg BT 166.04 161.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 192.21 161.60 Td (issuers ) Tj ET Q q 0 0 0 rg BT 222.29 161.60 Td (with ) Tj ET Q q 0 0 0 rg BT 242.92 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 257.99 161.60 Td (top ) Tj ET Q q 0 0 0 rg BT 273.62 161.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 288.69 161.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 339.32 161.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 386.05 161.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.56 161.60 Td (34%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.89 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 421.74 161.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.93 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 448.00 161.60 Td (total ) Tj ET Q q 0 0 0 rg BT 468.63 161.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 505.93 161.60 Td (in ) Tj ET Q q 0 0 0 rg BT 516.56 161.60 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 149.60 Td (industry) Tj ET Q q 0 0 0 rg BT 113.13 149.60 Td (. ) Tj ET Q q 0 0 0 rg BT 118.14 149.60 Td (As ) Tj ET Q q 0 0 0 rg BT 132.48 149.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.03 149.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 205.02 149.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.02 149.60 Td (, ) Tj ET Q q 0 0 0 rg BT 230.74 149.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.18 149.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 288.29 149.60 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.95 149.60 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.95 149.60 Td ( ) Tj ET Q q 0 0 0 rg BT 319.17 149.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 370.17 149.60 Td (in ) Tj ET Q q 0 0 0 rg BT 381.17 149.60 Td (a ) Tj ET Q q 0 0 0 rg BT 388.83 149.60 Td (single ) Tj ET Q q 0 0 0 rg BT 415.94 149.60 Td (issuer ) Tj ET Q q 0 0 0 rg BT 442.49 149.60 Td (that ) Tj ET Q q 0 0 0 rg BT 460.71 149.60 Td (exceeded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.12 149.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.45 149.60 Td ( ) Tj ET Q q 0 0 0 rg BT 522.68 149.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 137.60 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 135.10 137.60 Td (equity) Tj ET Q q 0 0 0 rg BT 159.44 137.60 Td (. ) Tj ET Q q 0 0 0 rg BT 163.57 137.60 Td (The ) Tj ET Q q 0 0 0 rg BT 180.88 137.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 227.22 137.60 Td (lar) Tj ET Q q 0 0 0 rg BT 237.58 137.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 255.45 137.60 Td (concentration ) Tj ET Q q 0 0 0 rg BT 311.63 137.60 Td (in ) Tj ET Q q 0 0 0 rg BT 321.16 137.60 Td (any ) Tj ET Q q 0 0 0 rg BT 337.36 137.60 Td (single ) Tj ET Q q 0 0 0 rg BT 363.00 137.60 Td (issuer ) Tj ET Q q 0 0 0 rg BT 388.09 137.60 Td (as ) Tj ET Q q 0 0 0 rg BT 398.18 137.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.27 137.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 467.79 137.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.79 137.60 Td ( ) Tj ET Q q 0 0 0 rg BT 489.54 137.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.85 137.60 Td ( ) Tj ET Q q 0 0 0 rg BT 508.49 137.60 Td (W) Tj ET Q q 0 0 0 rg BT 517.12 137.60 Td (ells ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 125.60 Td (Far) Tj ET Q q 0 0 0 rg BT 94.15 125.60 Td (go ) Tj ET Q q 0 0 0 rg BT 106.09 125.60 Td (& ) Tj ET Q q 0 0 0 rg BT 115.81 125.60 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.05 125.60 Td (, ) Tj ET Q q 0 0 0 rg BT 158.49 125.60 Td (with ) Tj ET Q q 0 0 0 rg BT 178.21 125.60 Td (a ) Tj ET Q q 0 0 0 rg BT 184.59 125.60 Td (total ) Tj ET Q q 0 0 0 rg BT 204.31 125.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 220.13 125.60 Td (value ) Tj ET Q q 0 0 0 rg BT 243.73 125.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 125.60 Td ($171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 125.60 Td ( ) Tj ET Q q 0 0 0 rg BT 275.94 125.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.21 125.60 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.54 125.60 Td ( ) Tj ET Q q 0 0 0 rg BT 301.49 125.60 Td (of ) Tj ET Q q 0 0 0 rg BT 311.76 125.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.92 125.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 361.19 125.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 386.46 125.60 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 425.47 125.60 Td (As ) Tj ET Q q 0 0 0 rg BT 438.52 125.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.79 125.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 508.50 125.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 125.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 113.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.12 113.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.90 113.60 Td (had ) Tj ET Q q 0 0 0 rg BT 152.24 113.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 201.91 113.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.59 113.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.59 113.60 Td ( ) Tj ET Q q 0 0 0 rg BT 218.48 113.60 Td (issuer) Tj ET Q q 0 0 0 rg BT 241.41 113.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.68 113.60 Td (W) Tj ET Q q 0 0 0 rg BT 254.31 113.60 Td (ells ) Tj ET Q q 0 0 0 rg BT 270.10 113.60 Td (Far) Tj ET Q q 0 0 0 rg BT 283.25 113.60 Td (go ) Tj ET Q q 0 0 0 rg BT 295.15 113.60 Td (& ) Tj ET Q q 0 0 0 rg BT 304.82 113.60 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.06 113.60 Td (, ) Tj ET Q q 0 0 0 rg BT 347.46 113.60 Td (that ) Tj ET Q q 0 0 0 rg BT 364.35 113.60 Td (exceeded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.44 113.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.77 113.60 Td ( ) Tj ET Q q 0 0 0 rg BT 423.67 113.60 Td (of ) Tj ET Q q 0 0 0 rg BT 433.90 113.60 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 486.35 113.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 513.24 113.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 101.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.42 101.60 Td (total ) Tj ET Q q 0 0 0 rg BT 107.17 101.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 123.03 101.60 Td (value ) Tj ET Q q 0 0 0 rg BT 146.67 101.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.98 101.60 Td ($170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.98 101.60 Td ( ) Tj ET Q q 0 0 0 rg BT 178.96 101.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.27 101.60 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.60 101.60 Td ( ) Tj ET Q q 0 0 0 rg BT 204.59 101.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.90 101.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.10 101.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 264.40 101.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 289.71 101.60 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 329.19 101.60 Td ( ) Tj ET Q q 0 0 0 rg BT 331.03 101.60 Td (The ) Tj ET Q q 0 0 0 rg BT 348.56 101.60 Td (Company) Tj ET Q q 0 0 0 rg BT 390.22 101.60 Td (s ) Tj ET Q q 0 0 0 rg BT 396.09 101.60 Td (lar) Tj ET Q q 0 0 0 rg BT 406.46 101.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 424.55 101.60 Td (concentration ) Tj ET Q q 0 0 0 rg BT 480.95 101.60 Td (in ) Tj ET Q q 0 0 0 rg BT 490.71 101.60 Td (any ) Tj ET Q q 0 0 0 rg BT 507.13 101.60 Td (single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 89.60 Td (issuer ) Tj ET Q q 0 0 0 rg BT 106.58 89.60 Td (as ) Tj ET Q q 0 0 0 rg BT 117.17 89.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.75 89.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 187.77 89.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.77 89.60 Td ( ) Tj ET Q q 0 0 0 rg BT 210.02 89.60 Td (was ) Tj ET Q q 0 0 0 rg BT 227.83 89.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.69 89.60 Td (W) Tj ET Q q 0 0 0 rg BT 246.33 89.60 Td (ells ) Tj ET Q q 0 0 0 rg BT 262.47 89.60 Td (Far) Tj ET Q q 0 0 0 rg BT 275.62 89.60 Td (go ) Tj ET Q q 0 0 0 rg BT 287.88 89.60 Td (& ) Tj ET Q q 0 0 0 rg BT 297.91 89.60 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.79 89.60 Td ( ) Tj ET Q q 0 0 0 rg BT 339.05 89.60 Td (which ) Tj ET Q q 0 0 0 rg BT 365.74 89.60 Td (had ) Tj ET Q q 0 0 0 rg BT 382.43 89.60 Td (a ) Tj ET Q q 0 0 0 rg BT 389.12 89.60 Td (total ) Tj ET Q q 0 0 0 rg BT 409.15 89.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 425.28 89.60 Td (value ) Tj ET Q q 0 0 0 rg BT 449.19 89.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.77 89.60 Td ($170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.77 89.60 Td ( ) Tj ET Q q 0 0 0 rg BT 482.03 89.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.61 89.60 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.94 89.60 Td ( ) Tj ET Q q 0 0 0 rg BT 508.19 89.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.78 89.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 77.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 116.83 77.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 142.66 77.60 Td (portfolio. ) Tj ET Q endstream endobj 253 0 obj <>] /Rotate 0 /Contents 254 0 R>> endobj 254 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-25) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 735.75 Td (Concentrations ) Tj ET Q q 0 0 0 rg BT 158.85 735.75 Td (of ) Tj ET Q q 0 0 0 rg BT 169.68 735.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 212.75 735.75 Td (and ) Tj ET Q q 0 0 0 rg BT 230.81 735.75 Td (Capital ) Tj ET Q q 0 0 0 rg BT 263.31 735.75 Td (Markets ) Tj ET Q q 0 0 0 rg BT 299.70 735.75 Td (Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 716.75 Td (The ) Tj ET Q q 0 0 0 rg BT 122.79 716.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 163.92 716.75 Td (is ) Tj ET Q q 0 0 0 rg BT 172.83 716.75 Td (exposed ) Tj ET Q q 0 0 0 rg BT 207.84 716.75 Td (to ) Tj ET Q q 0 0 0 rg BT 217.86 716.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 255.08 716.75 Td (and ) Tj ET Q q 0 0 0 rg BT 271.76 716.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 300.65 716.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 334.55 716.75 Td (risk, ) Tj ET Q q 0 0 0 rg BT 354.29 716.75 Td (including ) Tj ET Q q 0 0 0 rg BT 394.30 716.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 428.75 716.75 Td (in ) Tj ET Q q 0 0 0 rg BT 438.77 716.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 470.44 716.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 491.56 716.75 Td (and ) Tj ET Q q 0 0 0 rg BT 508.24 716.75 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 704.75 Td (spreads ) Tj ET Q q 0 0 0 rg BT 112.93 704.75 Td (which ) Tj ET Q q 0 0 0 rg BT 139.30 704.75 Td (can ) Tj ET Q q 0 0 0 rg BT 155.11 704.75 Td (have ) Tj ET Q q 0 0 0 rg BT 175.93 704.75 Td (an ) Tj ET Q q 0 0 0 rg BT 187.30 704.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 219.77 704.75 Td (ef) Tj ET Q q 0 0 0 rg BT 227.36 704.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 244.28 704.75 Td (on ) Tj ET Q q 0 0 0 rg BT 256.22 704.75 Td (the ) Tj ET Q q 0 0 0 rg BT 270.37 704.75 Td (Company) Tj ET Q q 0 0 0 rg BT 312.04 704.75 Td (s ) Tj ET Q q 0 0 0 rg BT 317.87 704.75 Td (results ) Tj ET Q q 0 0 0 rg BT 345.91 704.75 Td (of ) Tj ET Q q 0 0 0 rg BT 356.18 704.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 402.27 704.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 439.18 704.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 478.89 704.75 Td (and ) Tj ET Q q 0 0 0 rg BT 495.27 704.75 Td (liquidity) Tj ET Q q 0 0 0 rg BT 528.51 704.75 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 692.75 Td (The ) Tj ET Q q 0 0 0 rg BT 99.62 692.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 141.59 692.75 Td (expects ) Tj ET Q q 0 0 0 rg BT 174.65 692.75 Td (to ) Tj ET Q q 0 0 0 rg BT 185.51 692.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 223.02 692.75 Td (to ) Tj ET Q q 0 0 0 rg BT 233.88 692.75 Td (face ) Tj ET Q q 0 0 0 rg BT 253.60 692.75 Td (challenges ) Tj ET Q q 0 0 0 rg BT 298.88 692.75 Td (and ) Tj ET Q q 0 0 0 rg BT 316.39 692.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 370.56 692.75 Td (that ) Tj ET Q q 0 0 0 rg BT 388.63 692.75 Td (could ) Tj ET Q q 0 0 0 rg BT 413.93 692.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 455.32 692.75 Td (af) Tj ET Q q 0 0 0 rg BT 462.91 692.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 480.97 692.75 Td (its ) Tj ET Q q 0 0 0 rg BT 493.50 692.75 Td (results ) Tj ET Q q 0 0 0 rg BT 522.68 692.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 680.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 124.93 680.75 Td (and ) Tj ET Q q 0 0 0 rg BT 141.65 680.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.91 680.75 Td (condition. ) Tj ET Q q 0 0 0 rg BT 221.29 680.75 Td (The ) Tj ET Q q 0 0 0 rg BT 239.12 680.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 280.28 680.75 Td (attempts ) Tj ET Q q 0 0 0 rg BT 316.44 680.75 Td (to ) Tj ET Q q 0 0 0 rg BT 326.50 680.75 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 361.55 680.75 Td (the ) Tj ET Q q 0 0 0 rg BT 376.04 680.75 Td (risk, ) Tj ET Q q 0 0 0 rg BT 395.82 680.75 Td (including ) Tj ET Q q 0 0 0 rg BT 435.87 680.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 470.35 680.75 Td (in ) Tj ET Q q 0 0 0 rg BT 480.41 680.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 512.12 680.75 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 668.75 Td (by ) Tj ET Q q 0 0 0 rg BT 93.83 668.75 Td (investing ) Tj ET Q q 0 0 0 rg BT 133.32 668.75 Td (in ) Tj ET Q q 0 0 0 rg BT 143.93 668.75 Td (less ) Tj ET Q q 0 0 0 rg BT 161.76 668.75 Td (rate-sensitive ) Tj ET Q q 0 0 0 rg BT 217.90 668.75 Td (investments, ) Tj ET Q q 0 0 0 rg BT 271.00 668.75 Td (including ) Tj ET Q q 0 0 0 rg BT 311.60 668.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 338.87 668.75 Td (tranches ) Tj ET Q q 0 0 0 rg BT 375.01 668.75 Td (of ) Tj ET Q q 0 0 0 rg BT 386.17 668.75 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 442.85 668.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 462.90 668.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 512.67 668.75 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.75 Td (agency ) Tj ET Q q 0 0 0 rg BT 111.82 656.75 Td (residential ) Tj ET Q q 0 0 0 rg BT 155.97 656.75 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 227.88 656.75 Td (securities, ) Tj ET Q q 0 0 0 rg BT 270.64 656.75 Td (and ) Tj ET Q q 0 0 0 rg BT 287.58 656.75 Td (various ) Tj ET Q q 0 0 0 rg BT 319.52 656.75 Td (types ) Tj ET Q q 0 0 0 rg BT 343.12 656.75 Td (of ) Tj ET Q q 0 0 0 rg BT 353.95 656.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 375.89 656.75 Td (backed ) Tj ET Q q 0 0 0 rg BT 406.71 656.75 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 637.75 Td (The ) Tj ET Q q 0 0 0 rg BT 122.70 637.75 Td (Company) Tj ET Q q 0 0 0 rg BT 164.37 637.75 Td (s ) Tj ET Q q 0 0 0 rg BT 170.41 637.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 208.67 637.75 Td (to ) Tj ET Q q 0 0 0 rg BT 218.60 637.75 Td (such ) Tj ET Q q 0 0 0 rg BT 239.08 637.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.22 637.75 Td (and ) Tj ET Q q 0 0 0 rg BT 292.81 637.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 321.62 637.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 355.43 637.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 372.58 637.75 Td (relates ) Tj ET Q q 0 0 0 rg BT 400.83 637.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 440.20 637.75 Td (to ) Tj ET Q q 0 0 0 rg BT 450.13 637.75 Td (the ) Tj ET Q q 0 0 0 rg BT 464.50 637.75 Td (market ) Tj ET Q q 0 0 0 rg BT 494.42 637.75 Td (price ) Tj ET Q q 0 0 0 rg BT 516.56 637.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 625.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 102.31 625.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 124.18 625.75 Td (variability ) Tj ET Q q 0 0 0 rg BT 168.81 625.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 213.45 625.75 Td (with ) Tj ET Q q 0 0 0 rg BT 234.76 625.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 270.51 625.75 Td (in ) Tj ET Q q 0 0 0 rg BT 281.83 625.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 314.80 625.75 Td (rates. ) Tj ET Q q 0 0 0 rg BT 338.94 625.75 Td (A) Tj ET Q q 0 0 0 rg BT 345.61 625.75 Td ( ) Tj ET Q q 0 0 0 rg BT 349.14 625.75 Td (rise ) Tj ET Q q 0 0 0 rg BT 367.12 625.75 Td (in ) Tj ET Q q 0 0 0 rg BT 378.44 625.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 411.41 625.75 Td (rates, ) Tj ET Q q 0 0 0 rg BT 436.33 625.75 Td (in ) Tj ET Q q 0 0 0 rg BT 447.65 625.75 Td (the ) Tj ET Q q 0 0 0 rg BT 463.40 625.75 Td (absence ) Tj ET Q q 0 0 0 rg BT 498.59 625.75 Td (of ) Tj ET Q q 0 0 0 rg BT 510.46 625.75 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 613.75 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 140.91 613.75 Td (changes, ) Tj ET Q q 0 0 0 rg BT 177.77 613.75 Td (will ) Tj ET Q q 0 0 0 rg BT 195.48 613.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 232.05 613.75 Td (the ) Tj ET Q q 0 0 0 rg BT 246.42 613.75 Td (net ) Tj ET Q q 0 0 0 rg BT 260.78 613.75 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 304.58 613.75 Td (gain ) Tj ET Q q 0 0 0 rg BT 323.95 613.75 Td (position ) Tj ET Q q 0 0 0 rg BT 358.33 613.75 Td (of ) Tj ET Q q 0 0 0 rg BT 368.81 613.75 Td (the ) Tj ET Q q 0 0 0 rg BT 383.18 613.75 Td (Company) Tj ET Q q 0 0 0 rg BT 424.84 613.75 Td (s ) Tj ET Q q 0 0 0 rg BT 430.89 613.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 476.92 613.75 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 514.07 613.75 Td (and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 601.75 Td (if ) Tj ET Q q 0 0 0 rg BT 90.11 601.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 132.54 601.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 164.97 601.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 186.84 601.75 Td (rise ) Tj ET Q q 0 0 0 rg BT 204.28 601.75 Td (dramatically ) Tj ET Q q 0 0 0 rg BT 257.25 601.75 Td (within ) Tj ET Q q 0 0 0 rg BT 285.81 601.75 Td (a ) Tj ET Q q 0 0 0 rg BT 293.25 601.75 Td (six ) Tj ET Q q 0 0 0 rg BT 307.91 601.75 Td (to ) Tj ET Q q 0 0 0 rg BT 318.69 601.75 Td (twelve ) Tj ET Q q 0 0 0 rg BT 348.34 601.75 Td (month ) Tj ET Q q 0 0 0 rg BT 376.90 601.75 Td (time ) Tj ET Q q 0 0 0 rg BT 397.67 601.75 Td (period, ) Tj ET Q q 0 0 0 rg BT 428.71 601.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 458.92 601.75 Td (of ) Tj ET Q q 0 0 0 rg BT 470.24 601.75 Td (the ) Tj ET Q q 0 0 0 rg BT 485.46 601.75 Td (Company) Tj ET Q q 0 0 0 rg BT 527.12 601.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 589.75 Td (products ) Tj ET Q q 0 0 0 rg BT 117.39 589.75 Td (may ) Tj ET Q q 0 0 0 rg BT 136.56 589.75 Td (be ) Tj ET Q q 0 0 0 rg BT 147.95 589.75 Td (exposed ) Tj ET Q q 0 0 0 rg BT 182.67 589.75 Td (to ) Tj ET Q q 0 0 0 rg BT 192.40 589.75 Td (disintermediation ) Tj ET Q q 0 0 0 rg BT 264.34 589.75 Td (risk. ) Tj ET Q q 0 0 0 rg BT 283.79 589.75 Td (Disintermediation ) Tj ET Q q 0 0 0 rg BT 357.95 589.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 374.90 589.75 Td (refers ) Tj ET Q q 0 0 0 rg BT 399.61 589.75 Td (to ) Tj ET Q q 0 0 0 rg BT 409.34 589.75 Td (the ) Tj ET Q q 0 0 0 rg BT 423.51 589.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 440.46 589.75 Td (that ) Tj ET Q q 0 0 0 rg BT 457.41 589.75 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 513.80 589.75 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 577.75 Td (surrender ) Tj ET Q q 0 0 0 rg BT 122.15 577.75 Td (their ) Tj ET Q q 0 0 0 rg BT 143.87 577.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 183.36 577.75 Td (in ) Tj ET Q q 0 0 0 rg BT 194.53 577.75 Td (a ) Tj ET Q q 0 0 0 rg BT 202.36 577.75 Td (rising ) Tj ET Q q 0 0 0 rg BT 228.53 577.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 261.36 577.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 279.74 577.75 Td (environment, ) Tj ET Q q 0 0 0 rg BT 336.18 577.75 Td (requiring ) Tj ET Q q 0 0 0 rg BT 376.22 577.75 Td (the ) Tj ET Q q 0 0 0 rg BT 391.83 577.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 434.12 577.75 Td (to ) Tj ET Q q 0 0 0 rg BT 445.29 577.75 Td (liquidate ) Tj ET Q q 0 0 0 rg BT 483.67 577.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 510.39 577.75 Td (in ) Tj ET Q q 0 0 0 rg BT 521.57 577.75 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 565.75 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 124.72 565.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 142.36 565.75 Td (position. ) Tj ET Q q 0 0 0 rg BT 179.16 565.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 233.44 565.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 268.28 565.75 Td (this ) Tj ET Q q 0 0 0 rg BT 284.80 565.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 301.88 565.75 Td (is ) Tj ET Q q 0 0 0 rg BT 310.63 565.75 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 350.47 565.75 Td (to ) Tj ET Q q 0 0 0 rg BT 360.33 565.75 Td (some ) Tj ET Q q 0 0 0 rg BT 383.51 565.75 Td (extent ) Tj ET Q q 0 0 0 rg BT 410.02 565.75 Td (by ) Tj ET Q q 0 0 0 rg BT 422.10 565.75 Td (surrender ) Tj ET Q q 0 0 0 rg BT 461.93 565.75 Td (char) Tj ET Q q 0 0 0 rg BT 478.96 565.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 490.48 565.75 Td (protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 553.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 119.05 553.75 Td (by ) Tj ET Q q 0 0 0 rg BT 131.55 553.75 Td (the ) Tj ET Q q 0 0 0 rg BT 146.26 553.75 Td (Company) Tj ET Q q 0 0 0 rg BT 187.93 553.75 Td (s ) Tj ET Q q 0 0 0 rg BT 194.32 553.75 Td (products. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 528.25 Td (Concentration ) Tj ET Q q 0 0 0 rg BT 154.96 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.79 528.25 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 220.52 528.25 Td (Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 511.75 Td (The ) Tj ET Q q 0 0 0 rg BT 123.36 511.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 165.07 511.75 Td (has ) Tj ET Q q 0 0 0 rg BT 181.22 511.75 Td (a ) Tj ET Q q 0 0 0 rg BT 188.47 511.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 233.50 511.75 Td (concentration ) Tj ET Q q 0 0 0 rg BT 290.74 511.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.88 511.75 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 350.79 511.75 Td (with ) Tj ET Q q 0 0 0 rg BT 371.18 511.75 Td (W) Tj ET Q q 0 0 0 rg BT 380.22 511.75 Td (ilton ) Tj ET Q q 0 0 0 rg BT 401.37 511.75 Td (Reassurance ) Tj ET Q q 0 0 0 rg BT 454.16 511.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 495.87 511.75 Td (\(W) Tj ET Q q 0 0 0 rg BT 512.67 511.75 Td (ilton ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 499.75 Td (Re\) ) Tj ET Q q 0 0 0 rg BT 101.57 499.75 Td (and ) Tj ET Q q 0 0 0 rg BT 117.70 499.75 Td (Front ) Tj ET Q q 0 0 0 rg BT 141.07 499.75 Td (Street ) Tj ET Q q 0 0 0 rg BT 166.08 499.75 Td (Re ) Tj ET Q q 0 0 0 rg BT 178.89 499.75 Td (\(Cayman\) ) Tj ET Q q 0 0 0 rg BT 220.56 499.75 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 238.64 499.75 Td (\("FSRCI"\), ) Tj ET Q q 0 0 0 rg BT 285.46 499.75 Td (an ) Tj ET Q q 0 0 0 rg BT 296.59 499.75 Td (af) Tj ET Q q 0 0 0 rg BT 304.17 499.75 Td (filiate ) Tj ET Q q 0 0 0 rg BT 329.19 499.75 Td (that ) Tj ET Q q 0 0 0 rg BT 345.88 499.75 Td (could ) Tj ET Q q 0 0 0 rg BT 369.79 499.75 Td (have ) Tj ET Q q 0 0 0 rg BT 390.36 499.75 Td (a ) Tj ET Q q 0 0 0 rg BT 396.49 499.75 Td (material ) Tj ET Q q 0 0 0 rg BT 430.94 499.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 459.85 499.75 Td (on ) Tj ET Q q 0 0 0 rg BT 471.54 499.75 Td (the ) Tj ET Q q 0 0 0 rg BT 485.45 499.75 Td (Company) Tj ET Q q 0 0 0 rg BT 527.12 499.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 487.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.37 487.75 Td (position ) Tj ET Q q 0 0 0 rg BT 150.99 487.75 Td (in ) Tj ET Q q 0 0 0 rg BT 160.16 487.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.77 487.75 Td (event ) Tj ET Q q 0 0 0 rg BT 196.82 487.75 Td (that ) Tj ET Q q 0 0 0 rg BT 213.11 487.75 Td (W) Tj ET Q q 0 0 0 rg BT 222.15 487.75 Td (ilton ) Tj ET Q q 0 0 0 rg BT 241.88 487.75 Td (Re ) Tj ET Q q 0 0 0 rg BT 254.38 487.75 Td (or ) Tj ET Q q 0 0 0 rg BT 264.10 487.75 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 293.29 487.75 Td (fail ) Tj ET Q q 0 0 0 rg BT 308.00 487.75 Td (to ) Tj ET Q q 0 0 0 rg BT 317.18 487.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 350.78 487.75 Td (their ) Tj ET Q q 0 0 0 rg BT 370.49 487.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 416.33 487.75 Td (under ) Tj ET Q q 0 0 0 rg BT 440.49 487.75 Td (the ) Tj ET Q q 0 0 0 rg BT 454.10 487.75 Td (various ) Tj ET Q q 0 0 0 rg BT 484.93 487.75 Td (reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 475.75 Td (treaties. ) Tj ET Q q 0 0 0 rg BT 115.10 475.75 Td (W) Tj ET Q q 0 0 0 rg BT 124.14 475.75 Td (ilton ) Tj ET Q q 0 0 0 rg BT 145.42 475.75 Td (Re ) Tj ET Q q 0 0 0 rg BT 159.47 475.75 Td (is ) Tj ET Q q 0 0 0 rg BT 169.09 475.75 Td (a ) Tj ET Q q 0 0 0 rg BT 176.47 475.75 Td (wholly ) Tj ET Q q 0 0 0 rg BT 207.19 475.75 Td (owned ) Tj ET Q q 0 0 0 rg BT 236.80 475.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 280.85 475.75 Td (of ) Tj ET Q q 0 0 0 rg BT 292.13 475.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 325.05 475.75 Td (Pension ) Tj ET Q q 0 0 0 rg BT 359.67 475.75 Td (Plan ) Tj ET Q q 0 0 0 rg BT 380.39 475.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 427.77 475.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 455.15 475.75 Td (\("CPPIB"\). ) Tj ET Q q 0 0 0 rg BT 503.21 475.75 Td (CPPIB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 463.75 Td (has ) Tj ET Q q 0 0 0 rg BT 96.66 463.75 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.42 463.75 Td ( ) Tj ET Q q 0 0 0 rg BT 110.23 463.75 Td (AAA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.35 463.75 Td ( ) Tj ET Q q 0 0 0 rg BT 133.67 463.75 Td (issuer ) Tj ET Q q 0 0 0 rg BT 159.33 463.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 184.42 463.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 210.07 463.75 Td (from ) Tj ET Q q 0 0 0 rg BT 231.83 463.75 Td (Standard ) Tj ET Q q 0 0 0 rg BT 269.70 463.75 Td (& ) Tj ET Q q 0 0 0 rg BT 279.81 463.75 Td (Poor's ) Tj ET Q q 0 0 0 rg BT 306.72 463.75 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 339.60 463.75 Td (Services ) Tj ET Q q 0 0 0 rg BT 375.80 463.75 Td (\("S&P"\) ) Tj ET Q q 0 0 0 rg BT 411.85 463.75 Td (as ) Tj ET Q q 0 0 0 rg BT 422.51 463.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.17 463.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 493.26 463.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.26 463.75 Td (. ) Tj ET Q q 0 0 0 rg BT 518.08 463.75 Td ( ) Tj ET Q q 0 0 0 rg BT 519.89 463.75 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 451.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.09 451.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 152.60 451.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.60 451.75 Td (, ) Tj ET Q q 0 0 0 rg BT 177.86 451.75 Td (the ) Tj ET Q q 0 0 0 rg BT 192.83 451.75 Td (net ) Tj ET Q q 0 0 0 rg BT 207.80 451.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 240.55 451.75 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 289.94 451.75 Td (from ) Tj ET Q q 0 0 0 rg BT 311.94 451.75 Td (W) Tj ET Q q 0 0 0 rg BT 320.97 451.75 Td (ilton ) Tj ET Q q 0 0 0 rg BT 342.06 451.75 Td (Re ) Tj ET Q q 0 0 0 rg BT 355.93 451.75 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.23 451.75 Td ($1,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.73 451.75 Td ( ) Tj ET Q q 0 0 0 rg BT 404.49 451.75 Td (and ) Tj ET Q q 0 0 0 rg BT 421.68 451.75 Td (the ) Tj ET Q q 0 0 0 rg BT 436.66 451.75 Td (net ) Tj ET Q q 0 0 0 rg BT 451.63 451.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 484.38 451.75 Td (recoverable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 439.75 Td (from ) Tj ET Q q 0 0 0 rg BT 103.68 439.75 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 134.72 439.75 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.52 439.75 Td ($1,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.02 439.75 Td (. ) Tj ET Q q 0 0 0 rg BT 186.53 439.75 Td (The ) Tj ET Q q 0 0 0 rg BT 205.32 439.75 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 256.32 439.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 301.20 439.75 Td (with ) Tj ET Q q 0 0 0 rg BT 322.23 439.75 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 353.26 439.75 Td (is ) Tj ET Q q 0 0 0 rg BT 363.18 439.75 Td (on ) Tj ET Q q 0 0 0 rg BT 376.42 439.75 Td (a ) Tj ET Q q 0 0 0 rg BT 384.11 439.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 409.57 439.75 Td (withheld ) Tj ET Q q 0 0 0 rg BT 447.81 439.75 Td (basis. ) Tj ET Q q 0 0 0 rg BT 473.32 439.75 Td (The ) Tj ET Q q 0 0 0 rg BT 492.11 439.75 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 427.75 Td (monitors ) Tj ET Q q 0 0 0 rg BT 118.03 427.75 Td (both ) Tj ET Q q 0 0 0 rg BT 137.29 427.75 Td (the ) Tj ET Q q 0 0 0 rg BT 150.98 427.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.44 427.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 226.69 427.75 Td (of ) Tj ET Q q 0 0 0 rg BT 236.50 427.75 Td (individual ) Tj ET Q q 0 0 0 rg BT 278.53 427.75 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 319.43 427.75 Td (and ) Tj ET Q q 0 0 0 rg BT 335.35 427.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 351.83 427.75 Td (concentration ) Tj ET Q q 0 0 0 rg BT 407.72 427.75 Td (arising ) Tj ET Q q 0 0 0 rg BT 436.42 427.75 Td (from ) Tj ET Q q 0 0 0 rg BT 457.33 427.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 486.58 427.75 Td (geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 415.75 Td (regions, ) Tj ET Q q 0 0 0 rg BT 116.68 415.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 156.52 415.75 Td (and ) Tj ET Q q 0 0 0 rg BT 174.70 415.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 217.32 415.75 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 278.25 415.75 Td (of ) Tj ET Q q 0 0 0 rg BT 290.32 415.75 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 333.49 415.75 Td (to ) Tj ET Q q 0 0 0 rg BT 345.01 415.75 Td (attempt ) Tj ET Q q 0 0 0 rg BT 378.75 415.75 Td (to ) Tj ET Q q 0 0 0 rg BT 390.27 415.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 420.66 415.75 Td (the ) Tj ET Q q 0 0 0 rg BT 436.62 415.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 455.36 415.75 Td (of ) Tj ET Q q 0 0 0 rg BT 467.43 415.75 Td (default ) Tj ET Q q 0 0 0 rg BT 498.94 415.75 Td (by ) Tj ET Q q 0 0 0 rg BT 512.68 415.75 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 403.75 Td (reinsurers. ) Tj ET Q endstream endobj 255 0 obj <>] /Rotate 0 /Contents 256 0 R>> endobj 256 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 95.16 742.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 726.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 163.21 726.25 Td (s fixed maturity and equity securities investments have been designated as available-for) Tj ET Q q 0 0 0 rg BT 513.73 726.25 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 714.25 Td (sale and are carried at fair value with unrealized gains and losses included in accumulated other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 702.25 Td (income \(loss\) \("AOCI"\) net of associated adjustments for deferred acquisition costs \("DAC"\), value of business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 690.25 Td (acquired \("VOBA"\), and deferred income taxes. ) Tj ET Q q 0 0 0 rg BT 276.13 690.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 335.84 690.25 Td (s consolidated investments at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.26 690.25 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 678.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.44 678.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.44 678.25 Td ( are summarized as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 610.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 610.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 610.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 610.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 610.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 610.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 610.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 610.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 610.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 610.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 584.75 134.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 584.75 60.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 584.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 584.75 60.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 584.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 584.75 60.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 584.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 584.75 60.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 584.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 584.75 60.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 553.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 553.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 553.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 553.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 553.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 553.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 553.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 553.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 553.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 553.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 527.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 527.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 527.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 527.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 527.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 527.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 527.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 527.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 527.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 527.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 501.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 501.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 501.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 501.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 501.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 501.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 501.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 501.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 501.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 501.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 475.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 475.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 475.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 475.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 475.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 475.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 475.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 475.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 475.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 475.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 449.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 449.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 449.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 449.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 449.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 449.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 449.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 449.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 449.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 449.75 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 654.75 m 275.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 654.75 m 279.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 654.75 m 339.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 654.75 m 343.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 654.75 m 403.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 654.75 m 407.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 654.75 m 467.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 654.75 m 471.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 654.75 m 531.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 625.75 m 275.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 625.75 m 339.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 625.75 m 403.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 625.75 m 467.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 625.75 m 531.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 488.75 m 275.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 488.75 m 339.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 488.75 m 403.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 488.75 m 467.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 488.75 m 531.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 488.75 m 275.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 488.75 m 339.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 488.75 m 403.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 488.75 m 467.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 488.75 m 531.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 436.75 m 275.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 436.75 m 339.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 436.75 m 403.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 436.75 m 275.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 424.75 m 275.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 422.75 m 275.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 436.75 m 339.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 424.75 m 339.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 422.75 m 339.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 436.75 m 403.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 424.75 m 403.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 422.75 m 403.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 436.75 m 467.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 424.75 m 467.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 422.75 m 467.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 436.75 m 531.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 424.75 m 531.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 422.75 m 531.5 422.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.60 658.98 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.00 637.98 Td ( Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.20 629.98 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.05 645.98 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.40 637.98 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.95 629.98 Td (Gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.05 645.98 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.40 637.98 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.85 629.98 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.15 629.98 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.65 629.98 Td (Carrying Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 601.98 Td (Available-for sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 589.00 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.00 589.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.30 589.00 Td (2,528) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 589.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.00 589.00 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.00 589.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 589.00 Td (\(45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 589.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.00 589.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 589.00 Td (2,499) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.00 589.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 589.00 Td (2,499) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 576.70 Td (Commercial mortgage-backed) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 568.75 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 571.00 Td (850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.00 571.00 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.60 571.00 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 571.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 571.00 Td (864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 571.00 Td (864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 558.00 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 558.00 Td (10,712) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 558.00 Td (760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 558.00 Td (\(132) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 558.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 558.00 Td (11,340) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 558.00 Td (11,340) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 545.00 Td (Equities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 545.00 Td (640) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.00 545.00 Td (47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.60 545.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 545.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 545.00 Td (683) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 545.00 Td (683) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 532.00 Td (Hybrids) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.30 532.00 Td (1,356) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.00 532.00 Td (77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 532.00 Td (\(47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 532.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 532.00 Td (1,386) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 532.00 Td (1,386) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 519.00 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.30 519.00 Td (1,515) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 519.00 Td (206) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.60 519.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 519.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 519.00 Td (1,717) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 519.00 Td (1,717) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 506.00 Td (Residential mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.30 506.00 Td (1,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.00 506.00 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 506.00 Td (\(28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 506.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 506.00 Td (1,362) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 506.00 Td (1,362) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 493.00 Td (U.S. Government) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 493.00 Td (233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.00 493.00 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 493.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 493.00 Td (243) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 493.00 Td (243) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 479.98 Td (Total available-for-sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 480.00 Td (19,161) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.00 480.00 Td (1,202) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 480.00 Td (\(269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 480.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 480.00 Td (20,094) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 480.00 Td (20,094) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 467.00 Td (Derivative investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 467.00 Td (221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.00 467.00 Td (78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 467.00 Td (\(23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 467.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 467.00 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 467.00 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 454.00 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 454.00 Td (595) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.5019607843137255 0 rg BT 327.00 454.01 Td () Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 392.30 454.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 454.00 Td (614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 454.00 Td (595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 441.00 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 441.00 Td (60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.00 441.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 441.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 441.00 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 441.00 Td (60) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 427.98 Td (Total investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.00 428.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 428.00 Td (20,037) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 428.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.00 428.00 Td (1,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.00 428.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 428.00 Td (\(292) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 428.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.00 428.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 428.00 Td (21,042) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.00 428.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 428.00 Td (21,025) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 336.75 134.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 336.75 60.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 336.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 336.75 60.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 336.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 336.75 60.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 336.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 336.75 60.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 336.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 336.75 60.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 306.75 134.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 306.75 60.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 306.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 306.75 60.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 306.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 306.75 60.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 306.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 306.75 60.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 306.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 306.75 60.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 274.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 274.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 274.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 274.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 274.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 274.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 274.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 274.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 274.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 274.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 248.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 248.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 248.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 248.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 248.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 248.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 248.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 248.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 248.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 248.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 216.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 216.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 216.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 216.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 216.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 216.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 190.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 190.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 190.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 190.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 190.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 190.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 190.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 190.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 190.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 190.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 164.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 164.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 164.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 164.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 164.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 164.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 164.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 164.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 164.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 164.75 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 394.75 m 275.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 394.75 m 279.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 394.75 m 339.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 394.75 m 343.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 394.75 m 403.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 394.75 m 407.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 394.75 m 467.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 394.75 m 471.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 394.75 m 531.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 365.75 m 275.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 365.75 m 339.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 365.75 m 403.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 365.75 m 467.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 365.75 m 531.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 203.75 m 275.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 203.75 m 339.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 203.75 m 403.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 203.75 m 467.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 203.75 m 531.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 203.75 m 275.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 203.75 m 339.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 203.75 m 403.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 203.75 m 467.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 203.75 m 531.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 151.75 m 275.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 151.75 m 339.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 151.75 m 403.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 151.75 m 467.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 151.75 m 531.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 139.75 m 275.5 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 137.75 m 275.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 139.75 m 339.5 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 137.75 m 339.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 139.75 m 403.5 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 137.75 m 403.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 139.75 m 467.5 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 137.75 m 467.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 139.75 m 531.5 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 137.75 m 531.5 137.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.60 398.98 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.00 377.98 Td ( Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.20 369.98 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.05 385.98 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.40 377.98 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.95 369.98 Td (Gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.05 385.98 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.40 377.98 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.85 369.98 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.15 369.98 Td ( Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.65 369.98 Td (Carrying Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 323.98 Td (Available-for-sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 311.00 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.30 311.00 Td (2,148) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 311.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 311.00 Td (\(47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 311.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 311.00 Td (2,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 311.00 Td (2,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 298.70 Td (Commercial mortgage-backed) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 290.70 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 292.00 Td (878) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 292.00 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 292.00 Td (\(10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 292.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 292.00 Td (882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 292.00 Td (882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 279.00 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.30 279.00 Td (9,533) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.30 279.00 Td (351) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 279.00 Td (\(354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 279.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 279.00 Td (9,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 279.00 Td (9,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 266.00 Td (Equities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 266.00 Td (597) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 266.00 Td (27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.60 266.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 266.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 266.00 Td (620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 266.00 Td (620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 253.00 Td (Hybrids) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.30 253.00 Td (1,211) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 253.00 Td (45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 253.00 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 253.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 253.00 Td (1,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 253.00 Td (1,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 240.00 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.30 240.00 Td (1,520) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.30 240.00 Td (103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 240.00 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 240.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 240.00 Td (1,608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 240.00 Td (1,608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 221.00 Td (Residential mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.30 221.00 Td (2,099) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 221.00 Td (89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 221.00 Td (\(26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 221.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 221.00 Td (2,162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 221.00 Td (2,162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 208.00 Td (U.S. Government) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 208.00 Td (233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 208.00 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 208.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 208.00 Td (244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 208.00 Td (244) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 194.98 Td (Total available-for-sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 195.00 Td (18,219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.30 195.00 Td (645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 195.00 Td (\(498) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 195.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 195.00 Td (18,366) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 195.00 Td (18,366) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 182.00 Td (Derivatives investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 182.00 Td (218) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 182.00 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 182.00 Td (\(149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 182.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 182.00 Td (82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 182.00 Td (82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 169.00 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 169.00 Td (491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 169.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 169.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 169.00 Td (490) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 169.00 Td (491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 156.00 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 156.00 Td (164) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 156.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.60 156.00 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 156.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 156.00 Td (153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 156.00 Td (155) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 142.98 Td (Total investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.00 143.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 143.00 Td (19,092) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 143.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.30 143.00 Td (658) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.00 143.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 143.00 Td (\(656) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 143.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.00 143.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 143.00 Td (19,091) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.00 143.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 143.00 Td (19,094) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 120.25 Td (Included ) Tj ET Q q 0 0 0 rg BT 140.86 120.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.49 120.25 Td (AOCI ) Tj ET Q q 0 0 0 rg BT 177.31 120.25 Td (were ) Tj ET Q q 0 0 0 rg BT 199.11 120.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 245.92 120.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 269.41 120.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 313.42 120.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 336.91 120.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.61 120.25 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.61 120.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.99 120.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.80 120.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 400.29 120.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 444.31 120.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 470.57 120.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.28 120.25 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.28 120.25 Td ( ) Tj ET Q q 0 0 0 rg BT 493.65 120.25 Td (related ) Tj ET Q q 0 0 0 rg BT 523.23 120.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 108.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.10 108.25 Td (non-credit ) Tj ET Q q 0 0 0 rg BT 138.08 108.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 168.86 108.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.08 108.25 Td (other) Tj ET Q q 0 0 0 rg BT 199.42 108.25 Td (-than-temporary ) Tj ET Q q 0 0 0 rg BT 266.28 108.25 Td (impairments ) Tj ET Q q 0 0 0 rg BT 318.16 108.25 Td (\("OTTI"\) ) Tj ET Q q 0 0 0 rg BT 357.64 108.25 Td (on ) Tj ET Q q 0 0 0 rg BT 369.53 108.25 Td (non-agency ) Tj ET Q q 0 0 0 rg BT 418.06 108.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 461.60 108.25 Td (mortgage-backed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 96.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 121.80 96.25 Td (\("RMBS"\) ) Tj ET Q q 0 0 0 rg BT 167.46 96.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.71 96.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 238.51 96.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.51 96.25 Td ( ) Tj ET Q q 0 0 0 rg BT 261.55 96.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.02 96.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 303.17 96.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 347.85 96.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 372.00 96.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.36 96.25 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.36 96.25 Td ( ) Tj ET Q q 0 0 0 rg BT 396.40 96.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.88 96.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 438.03 96.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 482.70 96.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 509.63 96.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 96.25 Td ($2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 84.25 Td (related ) Tj ET Q q 0 0 0 rg BT 110.70 84.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.98 84.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.70 84.25 Td (non-credit ) Tj ET Q q 0 0 0 rg BT 179.29 84.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 210.68 84.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.51 84.25 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 246.78 84.25 Td (on ) Tj ET Q q 0 0 0 rg BT 259.28 84.25 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 289.57 84.25 Td (at ) Tj ET Q q 0 0 0 rg BT 299.29 84.25 Td (September ) Tj ET Q q 0 0 0 rg BT 344.55 84.25 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.55 84.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.55 84.25 Td (, ) Tj ET Q q 0 0 0 rg BT 384.55 84.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 432.21 84.25 Td (.) Tj ET Q endstream endobj 257 0 obj <>] /Rotate 0 /Contents 258 0 R>> endobj 258 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 145.49 742.10 Td (held ) Tj ET Q q 0 0 0 rg BT 165.27 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 177.83 742.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 209.27 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 229.61 742.10 Td (various ) Tj ET Q q 0 0 0 rg BT 261.61 742.10 Td (state ) Tj ET Q q 0 0 0 rg BT 282.49 742.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 326.14 742.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 370.91 742.10 Td (had ) Tj ET Q q 0 0 0 rg BT 387.91 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 394.91 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 411.34 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 435.56 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.44 742.10 Td ($18,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.94 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.50 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 742.10 Td ($16,012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.64 730.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 150.82 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.82 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.24 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.09 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.09 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 215.01 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 262.67 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 267.59 730.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 295.00 730.10 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 317.41 730.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 366.76 730.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 407.49 730.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 452.68 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 467.30 730.10 Td (required ) Tj ET Q q 0 0 0 rg BT 503.04 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.23 730.10 Td (hold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 121.26 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 133.76 718.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 165.15 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.43 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 187.37 718.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 219.86 718.10 Td (no ) Tj ET Q q 0 0 0 rg BT 232.36 718.10 Td (less ) Tj ET Q q 0 0 0 rg BT 249.86 718.10 Td (than ) Tj ET Q q 0 0 0 rg BT 269.58 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.30 718.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 331.38 718.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 353.31 718.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 384.68 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.51 718.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 439.65 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 452.15 718.10 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 474.64 718.10 Td (regulations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 699.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.46 699.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 177.68 699.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.68 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.13 699.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.03 699.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.03 699.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.98 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.66 699.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 303.00 699.10 Td (held ) Tj ET Q q 0 0 0 rg BT 323.67 699.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 374.90 699.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.35 699.10 Td (were ) Tj ET Q q 0 0 0 rg BT 416.24 699.10 Td (non-income ) Tj ET Q q 0 0 0 rg BT 467.46 699.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 511.46 699.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.58 699.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.10 Td (period ) Tj ET Q q 0 0 0 rg BT 109.05 687.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 139.30 687.10 Td (than ) Tj ET Q q 0 0 0 rg BT 159.02 687.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 188.17 687.10 Td (months ) Tj ET Q q 0 0 0 rg BT 220.12 687.10 Td (with ) Tj ET Q q 0 0 0 rg BT 240.40 687.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 256.78 687.10 Td (values ) Tj ET Q q 0 0 0 rg BT 284.82 687.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 687.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.65 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.15 687.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.09 687.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.09 687.10 Td (, ) Tj ET Q q 0 0 0 rg BT 340.09 687.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 387.75 687.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 668.10 Td (In ) Tj ET Q q 0 0 0 rg BT 113.09 668.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 159.32 668.10 Td (with ) Tj ET Q q 0 0 0 rg BT 178.36 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.83 668.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 237.68 668.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 268.92 668.10 Td (Home ) Tj ET Q q 0 0 0 rg BT 294.63 668.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 316.43 668.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 338.81 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.12 668.10 Td (Atlanta ) Tj ET Q q 0 0 0 rg BT 378.81 668.10 Td (\("FHLB"\) ) Tj ET Q q 0 0 0 rg BT 420.46 668.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 469.76 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.24 668.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 127.48 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.40 656.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 178.21 656.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 223.55 656.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 264.47 656.10 Td (are ) Tj ET Q q 0 0 0 rg BT 280.38 656.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 315.73 656.10 Td (as ) Tj ET Q q 0 0 0 rg BT 327.76 656.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 368.66 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.14 656.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 409.38 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.30 656.10 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 454.56 656.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 489.37 656.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 644.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 124.83 644.10 Td (The ) Tj ET Q q 0 0 0 rg BT 144.82 644.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 186.45 644.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 238.66 644.10 Td (had ) Tj ET Q q 0 0 0 rg BT 257.54 644.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.41 644.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 284.73 644.10 Td (value ) Tj ET Q q 0 0 0 rg BT 310.82 644.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.59 644.10 Td ($649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.59 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.02 644.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.90 644.10 Td ($524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.90 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.34 644.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.99 644.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 465.19 644.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.19 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.63 644.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 644.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 644.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 632.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 128.66 632.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 613.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.22 613.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 163.37 613.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 181.65 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.26 613.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 214.30 613.10 Td (value ) Tj ET Q q 0 0 0 rg BT 238.13 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.63 613.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 271.35 613.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 307.40 613.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 358.28 613.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 379.33 613.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 419.26 613.10 Td (by ) Tj ET Q q 0 0 0 rg BT 431.43 613.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 478.02 613.10 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 522.68 613.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 601.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 127.28 601.10 Td (are ) Tj ET Q q 0 0 0 rg BT 142.18 601.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 170.99 601.10 Td (below) Tj ET Q q 0 0 0 rg BT 194.78 601.10 Td (. ) Tj ET Q q 0 0 0 rg BT 199.38 601.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 228.72 601.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 271.41 601.10 Td (may ) Tj ET Q q 0 0 0 rg BT 291.32 601.10 Td (dif) Tj ET Q q 0 0 0 rg BT 302.24 601.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 316.04 601.10 Td (from ) Tj ET Q q 0 0 0 rg BT 338.17 601.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 385.28 601.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 427.96 601.10 Td (because ) Tj ET Q q 0 0 0 rg BT 462.30 601.10 Td (issuers ) Tj ET Q q 0 0 0 rg BT 492.21 601.10 Td (may ) Tj ET Q q 0 0 0 rg BT 512.12 601.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 589.10 Td (right ) Tj ET Q q 0 0 0 rg BT 117.10 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.38 589.10 Td (call ) Tj ET Q q 0 0 0 rg BT 144.32 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 155.15 589.10 Td (pre-pay ) Tj ET Q q 0 0 0 rg BT 188.18 589.10 Td (obligations.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 543.60 316.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 543.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 543.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 543.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 517.60 316.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 517.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 517.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 517.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 491.60 316.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 491.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 491.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 491.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 465.60 316.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 465.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 465.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 465.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 439.60 316.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 439.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 439.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 439.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 413.60 316.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 413.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 413.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 413.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 387.60 316.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 387.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 387.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 387.60 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 556.6 m 462.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 556.6 m 466.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 556.6 m 531.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 543.6 m 462.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 543.6 m 531.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 478.6 m 462.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 478.6 m 531.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 478.6 m 462.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 478.6 m 531.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 400.6 m 462.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 400.6 m 531.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 400.6 m 462.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 387.6 m 462.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 400.6 m 531.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 387.6 m 531.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 375.6 m 462.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 373.6 m 462.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 375.6 m 531.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 373.6 m 531.5 373.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.60 560.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.50 547.83 Td (Amortized Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.65 547.83 Td ( Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 534.83 Td (Corporates, Non-structured Hybrids, Municipal and U.S. Government securities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 521.85 Td (Due in one year or less) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.00 521.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 521.85 Td (261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 521.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 521.85 Td (263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 508.85 Td (Due after one year through five years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 508.85 Td (1,863) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 508.85 Td (1,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 495.85 Td (Due after five years through ten years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 495.85 Td (3,233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 495.85 Td (3,407) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 482.85 Td (Due after ten years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 482.85 Td (7,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 482.85 Td (8,346) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.00 469.83 Td (Subtotal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 469.85 Td (13,067) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 469.85 Td (13,935) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 456.83 Td (Other securities which provide for periodic payments:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 443.85 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 443.85 Td (2,528) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 443.85 Td (2,499) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 430.85 Td (Commercial mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 430.85 Td (850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 430.85 Td (864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 417.85 Td (Structured hybrids) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 417.85 Td (749) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 417.85 Td (751) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 404.85 Td (Residential mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 404.85 Td (1,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 404.85 Td (1,362) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.00 391.83 Td (Subtotal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 391.85 Td (5,454) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 391.85 Td (5,476) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.00 378.83 Td (Total fixed maturity available-for-sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.00 378.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 378.85 Td (18,521) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 378.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 378.85 Td (19,411) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 351.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.00 351.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 171.53 351.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 222.41 351.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 245.24 351.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 286.96 351.10 Td (with ) Tj ET Q q 0 0 0 rg BT 308.69 351.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 354.29 351.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 382.13 351.10 Td (are ) Tj ET Q q 0 0 0 rg BT 398.29 351.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 438.89 351.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.51 351.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 493.45 351.10 Td (OTTI. ) Tj ET Q q 0 0 0 rg BT 522.67 351.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 339.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 125.33 339.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 160.23 339.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.35 339.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 198.91 339.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.37 339.10 Td (value ) Tj ET Q q 0 0 0 rg BT 233.71 339.10 Td (is ) Tj ET Q q 0 0 0 rg BT 243.06 339.10 Td (other) Tj ET Q q 0 0 0 rg BT 263.41 339.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 327.73 339.10 Td (, ) Tj ET Q q 0 0 0 rg BT 332.92 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.82 339.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 389.39 339.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 429.84 339.10 Td (several ) Tj ET Q q 0 0 0 rg BT 460.84 339.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 490.73 339.10 Td (including, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 327.10 Td (but ) Tj ET Q q 0 0 0 rg BT 96.65 327.10 Td (not ) Tj ET Q q 0 0 0 rg BT 112.30 327.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 143.50 327.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.16 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.24 327.10 Td (following: ) Tj ET Q q 0 0 0 rg BT 213.78 327.10 Td (\(1\)the ) Tj ET Q q 0 0 0 rg BT 243.03 327.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 270.34 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.65 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.74 327.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 338.94 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.14 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.23 327.10 Td (decline; ) Tj ET Q q 0 0 0 rg BT 399.75 327.10 Td (\(2\)the ) Tj ET Q q 0 0 0 rg BT 429.00 327.10 Td (reasons ) Tj ET Q q 0 0 0 rg BT 461.86 327.10 Td (for ) Tj ET Q q 0 0 0 rg BT 476.40 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.49 327.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 523.23 327.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 315.10 Td (value ) Tj ET Q q 0 0 0 rg BT 104.24 315.10 Td (\(credit ) Tj ET Q q 0 0 0 rg BT 131.92 315.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 157.65 315.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 194.21 315.10 Td (or ) Tj ET Q q 0 0 0 rg BT 204.13 315.10 Td (interest-rate ) Tj ET Q q 0 0 0 rg BT 253.46 315.10 Td (related, ) Tj ET Q q 0 0 0 rg BT 284.75 315.10 Td (including ) Tj ET Q q 0 0 0 rg BT 324.10 315.10 Td (general ) Tj ET Q q 0 0 0 rg BT 355.11 315.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 379.46 315.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 407.14 315.10 Td (widening\); ) Tj ET Q q 0 0 0 rg BT 452.05 315.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.07 315.10 Td (\(3\)the ) Tj ET Q q 0 0 0 rg BT 496.03 315.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 303.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 121.35 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.25 303.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.26 303.10 Td (near) Tj ET Q q 0 0 0 rg BT 166.27 303.10 Td (-term ) Tj ET Q q 0 0 0 rg BT 190.50 303.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 230.84 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.74 303.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.53 303.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 279.31 303.10 Td (. ) Tj ET Q q 0 0 0 rg BT 284.20 303.10 Td (The ) Tj ET Q q 0 0 0 rg BT 302.32 303.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 343.78 303.10 Td (also ) Tj ET Q q 0 0 0 rg BT 362.46 303.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 402.80 303.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.59 303.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 445.72 303.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.73 303.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 488.07 303.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.43 303.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 518.78 303.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 291.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.38 291.10 Td (for ) Tj ET Q q 0 0 0 rg BT 141.54 291.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.48 291.10 Td (period ) Tj ET Q q 0 0 0 rg BT 176.53 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.36 291.10 Td (time ) Tj ET Q q 0 0 0 rg BT 207.63 291.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.91 291.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 242.63 291.10 Td (for ) Tj ET Q q 0 0 0 rg BT 256.79 291.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.72 291.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 301.20 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.03 291.10 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 272.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.62 272.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 163.08 272.10 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 200.08 272.10 Td (its ) Tj ET Q q 0 0 0 rg BT 212.10 272.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 240.23 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.58 272.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 283.13 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.93 272.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 340.48 272.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 359.16 272.10 Td (by ) Tj ET Q q 0 0 0 rg BT 371.74 272.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 417.08 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.87 272.10 Td (net ) Tj ET Q q 0 0 0 rg BT 446.66 272.10 Td (present ) Tj ET Q q 0 0 0 rg BT 478.11 272.10 Td (value ) Tj ET Q q 0 0 0 rg BT 502.34 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.25 272.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 260.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 106.55 260.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 145.42 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.53 260.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.30 260.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 208.72 260.10 Td (with ) Tj ET Q q 0 0 0 rg BT 229.83 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.38 260.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 288.70 260.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 308.14 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.80 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.35 260.10 Td (security) Tj ET Q q 0 0 0 rg BT 366.35 260.10 Td (. ) Tj ET Q q 0 0 0 rg BT 372.19 260.10 Td (For ) Tj ET Q q 0 0 0 rg BT 389.41 260.10 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 462.15 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.92 260.10 Td (asset-backed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 248.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 123.84 248.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.18 248.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 165.08 248.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 204.86 248.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 241.31 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.10 248.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 293.11 248.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 317.90 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.80 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.59 248.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 389.49 248.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 415.39 248.10 Td (backing ) Tj ET Q q 0 0 0 rg BT 449.62 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 456.63 248.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 497.51 248.10 Td (security) Tj ET Q q 0 0 0 rg BT 528.51 248.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 236.10 Td (including ) Tj ET Q q 0 0 0 rg BT 121.19 236.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 153.03 236.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 170.43 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.28 236.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 236.89 236.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 291.25 236.10 Td (based ) Tj ET Q q 0 0 0 rg BT 316.43 236.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.85 236.10 Td (data ) Tj ET Q q 0 0 0 rg BT 347.91 236.10 Td (from ) Tj ET Q q 0 0 0 rg BT 369.76 236.10 Td (widely ) Tj ET Q q 0 0 0 rg BT 399.39 236.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 436.78 236.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 481.95 236.10 Td (data ) Tj ET Q q 0 0 0 rg BT 501.02 236.10 Td (sources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 224.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.38 224.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 125.96 224.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 168.72 224.10 Td (In ) Tj ET Q q 0 0 0 rg BT 180.10 224.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 215.92 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.74 224.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 259.22 224.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 277.25 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.74 224.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 344.98 224.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 399.98 224.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 420.79 224.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 442.17 224.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 482.43 224.10 Td (also ) Tj ET Q q 0 0 0 rg BT 501.58 224.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 212.10 Td (other ) Tj ET Q q 0 0 0 rg BT 103.80 212.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 155.50 212.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 196.07 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.54 212.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 256.12 212.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 295.57 212.10 Td (including ) Tj ET Q q 0 0 0 rg BT 335.60 212.10 Td (default ) Tj ET Q q 0 0 0 rg BT 365.61 212.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 386.74 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.44 212.10 Td (recoveries, ) Tj ET Q q 0 0 0 rg BT 449.27 212.10 Td (which ) Tj ET Q q 0 0 0 rg BT 475.97 212.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 495.99 212.10 Td (based ) Tj ET Q q 0 0 0 rg BT 521.01 212.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.24 200.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 118.70 200.10 Td (type ) Tj ET Q q 0 0 0 rg BT 138.94 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.40 200.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 203.85 200.10 Td (location, ) Tj ET Q q 0 0 0 rg BT 241.58 200.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.93 200.10 Td (well ) Tj ET Q q 0 0 0 rg BT 273.17 200.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.53 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.76 200.10 Td (vintage ) Tj ET Q q 0 0 0 rg BT 332.22 200.10 Td (year ) Tj ET Q q 0 0 0 rg BT 352.45 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.80 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.04 200.10 Td (security) Tj ET Q q 0 0 0 rg BT 410.05 200.10 Td (. ) Tj ET Q q 0 0 0 rg BT 415.57 200.10 Td (For ) Tj ET Q q 0 0 0 rg BT 432.48 200.10 Td (structured ) Tj ET Q q 0 0 0 rg BT 475.49 200.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 518.78 200.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 188.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 117.91 188.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 150.38 188.10 Td (within ) Tj ET Q q 0 0 0 rg BT 178.40 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.09 188.10 Td (tranche ) Tj ET Q q 0 0 0 rg BT 224.99 188.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 262.45 188.10 Td (is ) Tj ET Q q 0 0 0 rg BT 271.59 188.10 Td (also ) Tj ET Q q 0 0 0 rg BT 290.17 188.10 Td (considered. ) Tj ET Q q 0 0 0 rg BT 338.46 188.10 Td (For ) Tj ET Q q 0 0 0 rg BT 354.83 188.10 Td (all ) Tj ET Q q 0 0 0 rg BT 367.30 188.10 Td (other ) Tj ET Q q 0 0 0 rg BT 390.32 188.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 413.34 188.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 449.69 188.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 492.43 188.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 512.67 188.10 Td (flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 176.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 120.84 176.10 Td (are ) Tj ET Q q 0 0 0 rg BT 135.68 176.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 163.85 176.10 Td (by ) Tj ET Q q 0 0 0 rg BT 176.48 176.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 228.56 176.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 269.50 176.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 316.01 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.97 176.10 Td (default ) Tj ET Q q 0 0 0 rg BT 357.36 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.43 176.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 414.27 176.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 455.21 176.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 483.95 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.02 176.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.03 164.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 135.81 164.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 179.61 164.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.08 164.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.22 164.10 Td (default. ) Tj ET Q q 0 0 0 rg BT 240.18 164.10 Td (If ) Tj ET Q q 0 0 0 rg BT 249.54 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.46 164.10 Td (net ) Tj ET Q q 0 0 0 rg BT 279.38 164.10 Td (present ) Tj ET Q q 0 0 0 rg BT 310.95 164.10 Td (value ) Tj ET Q q 0 0 0 rg BT 335.31 164.10 Td (is ) Tj ET Q q 0 0 0 rg BT 344.67 164.10 Td (less ) Tj ET Q q 0 0 0 rg BT 362.37 164.10 Td (than ) Tj ET Q q 0 0 0 rg BT 382.29 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.21 164.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 439.89 164.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 458.69 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.72 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.64 164.10 Td (investment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.10 Td (an ) Tj ET Q q 0 0 0 rg BT 92.94 152.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 118.21 152.10 Td (is ) Tj ET Q q 0 0 0 rg BT 127.38 152.10 Td (recognized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 133.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 130.41 133.10 Td (on ) Tj ET Q q 0 0 0 rg BT 143.39 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.58 133.10 Td (results ) Tj ET Q q 0 0 0 rg BT 187.67 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.97 133.10 Td (our ) Tj ET Q q 0 0 0 rg BT 215.28 133.10 Td (process ) Tj ET Q q 0 0 0 rg BT 248.25 133.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.88 133.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 307.51 133.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 358.39 133.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 380.24 133.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 420.98 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.74 133.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 476.35 133.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 494.89 133.10 Td (positions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 121.10 Td (for ) Tj ET Q q 0 0 0 rg BT 95.87 121.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 121.85 121.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 163.40 121.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 192.99 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.42 121.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.52 121.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 298.71 121.10 Td (that ) Tj ET Q q 0 0 0 rg BT 316.92 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.35 121.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 377.20 121.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 404.31 121.10 Td (as ) Tj ET Q q 0 0 0 rg BT 415.85 121.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.39 121.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 488.37 121.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.37 121.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.58 121.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 109.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 122.57 109.10 Td (due ) Tj ET Q q 0 0 0 rg BT 140.25 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.27 109.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 177.27 109.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 206.61 109.10 Td (narrowing. ) Tj ET Q q 0 0 0 rg BT 253.22 109.10 Td (While ) Tj ET Q q 0 0 0 rg BT 280.89 109.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 319.11 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.13 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.58 109.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 394.38 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.06 109.10 Td (ener) Tj ET Q q 0 0 0 rg BT 429.08 109.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 442.33 109.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 477.22 109.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 518.79 109.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 97.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 110.78 97.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 150.30 97.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 179.52 97.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 219.30 97.10 Td (held ) Tj ET Q q 0 0 0 rg BT 238.54 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.33 97.10 Td (these ) Tj ET Q q 0 0 0 rg BT 270.90 97.10 Td (sectors ) Tj ET Q q 0 0 0 rg BT 300.69 97.10 Td (still ) Tj ET Q q 0 0 0 rg BT 317.71 97.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 345.26 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.50 97.10 Td (sharp ) Tj ET Q q 0 0 0 rg BT 383.18 97.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 417.96 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.76 97.10 Td (ener) Tj ET Q q 0 0 0 rg BT 444.78 97.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 456.80 97.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 482.70 97.10 Td (experienced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 85.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.20 85.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.20 85.10 Td (. ) Tj ET Q q 0 0 0 rg BT 120.11 85.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 156.69 85.10 Td (, ) Tj ET Q q 0 0 0 rg BT 163.60 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.24 85.10 Td (high ) Tj ET Q q 0 0 0 rg BT 202.43 85.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 226.85 85.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 261.53 85.10 Td (which ) Tj ET Q q 0 0 0 rg BT 290.38 85.10 Td (af) Tj ET Q q 0 0 0 rg BT 297.97 85.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 321.27 85.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 349.56 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.31 85.10 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 405.59 85.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 431.11 85.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 470.52 85.10 Td (used ) Tj ET Q q 0 0 0 rg BT 493.27 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.46 85.10 Td (secure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 73.10 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 138.27 73.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 158.91 73.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 206.78 73.10 Td (\("CLO"\), ) Tj ET Q q 0 0 0 rg BT 247.52 73.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 289.27 73.10 Td (during ) Tj ET Q q 0 0 0 rg BT 318.80 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.44 73.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 366.18 73.10 Td (but ) Tj ET Q q 0 0 0 rg BT 382.38 73.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 413.00 73.10 Td (components ) Tj ET Q q 0 0 0 rg BT 464.75 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.50 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.14 73.10 Td (leveraged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 61.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 113.21 61.10 Td (market ) Tj ET Q q 0 0 0 rg BT 143.75 61.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 180.97 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.53 61.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 243.19 61.10 Td (price ) Tj ET Q q 0 0 0 rg BT 265.96 61.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 307.06 61.10 Td (based ) Tj ET Q q 0 0 0 rg BT 332.61 61.10 Td (on ) Tj ET Q q 0 0 0 rg BT 345.39 61.10 Td (lingering ) Tj ET Q q 0 0 0 rg BT 384.28 61.10 Td (ef) Tj ET Q q 0 0 0 rg BT 391.87 61.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 413.53 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.64 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.64 61.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 487.98 61.10 Td (correction. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 49.10 Td (Nevertheless, ) Tj ET Q q 0 0 0 rg BT 138.33 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.73 49.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 184.68 49.10 Td (average ) Tj ET Q q 0 0 0 rg BT 218.95 49.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 245.46 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.98 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.38 49.10 Td (Company) Tj ET Q q 0 0 0 rg BT 314.04 49.10 Td (s ) Tj ET Q q 0 0 0 rg BT 321.12 49.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 358.75 49.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.72 49.10 Td (these ) Tj ET Q q 0 0 0 rg BT 393.45 49.10 Td (sectors ) Tj ET Q q 0 0 0 rg BT 424.40 49.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 459.24 49.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 506.31 49.10 Td (grade. ) Tj ET Q endstream endobj 259 0 obj <>] /Rotate 0 /Contents 260 0 R>> endobj 260 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 107.55 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 119.67 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 131.22 742.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 177.77 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.22 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 200.33 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 240.20 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.10 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.43 742.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 301.54 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.43 742.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 355.18 742.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 372.86 742.10 Td (positions, ) Tj ET Q q 0 0 0 rg BT 413.59 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.92 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 468.92 742.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 516.02 742.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.39 730.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 139.21 730.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 165.27 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 177.45 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.84 730.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 231.78 730.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 272.27 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.23 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.62 730.10 Td (table ) Tj ET Q q 0 0 0 rg BT 318.23 730.10 Td (below ) Tj ET Q q 0 0 0 rg BT 344.84 730.10 Td (were ) Tj ET Q q 0 0 0 rg BT 366.44 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 381.40 730.10 Td (other) Tj ET Q q 0 0 0 rg BT 401.74 730.10 Td (-than-temporarily ) Tj ET Q q 0 0 0 rg BT 474.45 730.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 512.16 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.67 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.26 718.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.26 718.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 699.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.96 699.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 136.74 699.10 Td (value ) Tj ET Q q 0 0 0 rg BT 160.31 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.65 699.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 199.68 699.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 243.23 699.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 269.03 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.27 699.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 330.15 699.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 350.93 699.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 393.10 699.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 438.88 699.10 Td (by ) Tj ET Q q 0 0 0 rg BT 450.79 699.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 496.58 699.10 Td (category ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 687.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 133.76 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.59 687.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 160.97 687.10 Td (value ) Tj ET Q q 0 0 0 rg BT 185.13 687.10 Td (below ) Tj ET Q q 0 0 0 rg BT 212.06 687.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 254.54 687.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 275.65 687.10 Td (were ) Tj ET Q q 0 0 0 rg BT 297.58 687.10 Td (as ) Tj ET Q q 0 0 0 rg BT 308.41 687.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 618.60 130.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 618.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 618.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 618.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 618.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 618.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 618.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 618.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 618.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 618.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 618.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 618.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 592.60 130.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 592.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 592.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 592.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 592.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 592.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 592.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 592.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 592.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 592.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 592.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 592.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 558.60 130.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 558.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 558.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 558.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 558.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 558.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 558.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 532.60 130.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 532.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 532.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 532.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 532.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 532.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 532.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 498.60 130.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 498.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 498.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 498.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 498.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 498.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 498.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 498.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 498.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 498.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 498.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 498.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 448.60 130.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 448.60 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 448.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 448.60 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 448.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 448.60 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 448.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 448.60 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 448.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 448.60 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 448.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 448.60 50.00 -29.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 660.6 m 261.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 660.6 m 265.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 660.6 m 315.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 660.6 m 319.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 660.6 m 369.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 660.6 m 373.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 660.6 m 423.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 660.6 m 427.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 660.6 m 477.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 660.6 m 481.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 660.6 m 531.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 647.6 m 261.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 647.6 m 265.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 647.6 m 315.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 647.6 m 369.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 647.6 m 373.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 647.6 m 423.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 647.6 m 477.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 647.6 m 481.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 647.6 m 531.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 618.6 m 261.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 618.6 m 315.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 618.6 m 369.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 618.6 m 423.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 618.6 m 477.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 618.6 m 531.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 498.6 m 261.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 498.6 m 315.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 498.6 m 369.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 498.6 m 423.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 498.6 m 477.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 498.6 m 531.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 478.6 m 261.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 476.6 m 261.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 478.6 m 315.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 476.6 m 315.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 478.6 m 369.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 476.6 m 369.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 478.6 m 423.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 476.6 m 423.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 478.6 m 477.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 476.6 m 477.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 478.6 m 531.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 476.6 m 531.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 449.6 m 531.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 447.6 m 531.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 420.6 m 531.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 418.6 m 531.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 391.6 m 531.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 389.6 m 531.5 389.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.60 664.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.95 651.83 Td (Less than 12 months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.80 651.83 Td (12 months or longer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.25 651.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.15 622.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.05 638.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 289.68 638.83 Td (oss ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.40 630.83 Td (Unr) Tj ET Q q 0 0 0 rg BT 285.03 630.83 Td (ealized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.85 622.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.15 622.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.05 638.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 397.68 638.83 Td (oss ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.40 630.83 Td (Unr) Tj ET Q q 0 0 0 rg BT 393.03 630.83 Td (ealized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.85 622.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.15 622.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.05 638.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 505.68 638.83 Td (oss ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.40 630.83 Td (Unr) Tj ET Q q 0 0 0 rg BT 501.03 630.83 Td (ealized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.85 622.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 609.83 Td (Available-for-sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 596.85 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 596.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 596.85 Td (352) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.00 596.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.60 596.85 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 596.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.00 596.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.25 596.85 Td (1,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 596.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 596.85 Td (\(41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 596.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 596.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.25 596.85 Td (1,720) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 596.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 596.85 Td (\(45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 596.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 583.85 Td (Commercial mortgage-backed) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 575.85 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 575.85 Td (44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.60 575.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 575.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 575.85 Td (182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.60 575.85 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 575.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 575.85 Td (226) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 575.85 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 575.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 562.85 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 562.85 Td (413) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.60 562.85 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 562.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.25 562.85 Td (1,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.60 562.85 Td (\(123) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 562.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.25 562.85 Td (1,444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 562.85 Td (\(132) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 562.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 549.85 Td (Equities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 549.85 Td (51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.60 549.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 549.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 549.85 Td (75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.60 549.85 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 549.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 549.85 Td (126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 549.85 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 549.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 536.85 Td (Hybrids) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 536.85 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.60 536.85 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 536.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 536.85 Td (412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 536.85 Td (\(45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 536.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 536.85 Td (453) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 536.85 Td (\(47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 536.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 523.85 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 523.85 Td (69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.60 523.85 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 523.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 523.85 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.60 523.85 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 523.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 523.85 Td (107) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 523.85 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 523.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 510.85 Td (Residential mortgage-backed) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 502.85 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 502.85 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.60 502.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 502.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 502.85 Td (544) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 502.85 Td (\(27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 502.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 502.85 Td (614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 502.85 Td (\(28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 502.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 489.83 Td (Total available-for-sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 481.83 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 481.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.25 481.85 Td (1,040) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.00 481.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.60 481.85 Td (\(20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 481.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.00 481.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.25 481.85 Td (3,650) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 481.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.60 481.85 Td (\(249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 481.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 481.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.25 481.85 Td (4,690) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 481.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 481.85 Td (\(269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 481.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 468.85 Td (Total number of available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 460.85 Td (securities in an unrealized loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 452.85 Td (position less than twelve months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.00 452.85 Td (193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 439.85 Td (Total number of available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 431.85 Td (securities in an unrealized loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 423.85 Td (position twelve months or longer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.00 423.85 Td (543) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 410.85 Td (Total number of available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 402.85 Td (securities in an unrealized loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 394.85 Td (position) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 394.85 Td (736) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 319.60 130.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 319.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 319.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 319.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 319.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 319.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 319.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 319.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 319.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 319.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 319.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 319.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 293.60 130.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 293.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 293.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 293.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 293.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 293.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 293.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 293.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 293.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 293.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 293.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 293.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 259.60 130.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 259.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 259.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 259.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 259.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 259.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 259.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 259.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 259.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 259.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 259.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 259.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 233.60 130.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 233.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 233.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 233.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 233.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 233.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 233.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 233.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 233.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 233.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 233.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 233.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 199.60 130.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 199.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 199.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 199.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 199.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 199.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 199.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 199.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 199.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 199.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 199.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 199.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 149.60 130.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 149.60 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 149.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 149.60 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 149.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 149.60 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 149.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 149.60 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 149.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 149.60 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 149.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 149.60 50.00 -29.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 361.6 m 261.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 361.6 m 265.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 361.6 m 315.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 361.6 m 319.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 361.6 m 369.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 361.6 m 373.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 361.6 m 423.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 361.6 m 427.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 361.6 m 477.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 361.6 m 481.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 361.6 m 531.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 348.6 m 261.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 348.6 m 265.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 348.6 m 315.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 348.6 m 369.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 348.6 m 373.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 348.6 m 423.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 348.6 m 477.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 348.6 m 481.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 348.6 m 531.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 319.6 m 261.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 319.6 m 315.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 319.6 m 369.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 319.6 m 423.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 319.6 m 477.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 319.6 m 531.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 319.6 m 261.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 199.60000000000002 m 261.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 199.60000000000002 m 315.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 199.60000000000002 m 369.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 199.60000000000002 m 423.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 199.60000000000002 m 477.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 199.60000000000002 m 531.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 179.60000000000002 m 261.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 177.60000000000002 m 261.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 179.60000000000002 m 315.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 177.60000000000002 m 315.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 179.60000000000002 m 369.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 177.60000000000002 m 369.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 179.60000000000002 m 423.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 177.60000000000002 m 423.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 179.60000000000002 m 477.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 177.60000000000002 m 477.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 179.60000000000002 m 531.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 177.60000000000002 m 531.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 177.60000000000002 m 531.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 179.60000000000002 m 531.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 148.60000000000002 m 531.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 150.60000000000002 m 531.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 119.60000000000002 m 531.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 121.60000000000002 m 531.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 92.60000000000002 m 531.5 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 90.60000000000002 m 531.5 90.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.60 365.83 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.95 352.83 Td (Less than 12 months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.80 352.83 Td (12 months or longer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.25 352.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.15 323.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.05 339.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 289.68 339.83 Td (oss ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.40 331.83 Td (Unr) Tj ET Q q 0 0 0 rg BT 285.03 331.83 Td (ealized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.85 323.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.15 323.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.05 339.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 397.68 339.83 Td (oss ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.40 331.83 Td (Unr) Tj ET Q q 0 0 0 rg BT 393.03 331.83 Td (ealized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.85 323.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.15 323.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.05 339.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 505.68 339.83 Td (oss ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.40 331.83 Td (Unr) Tj ET Q q 0 0 0 rg BT 501.03 331.83 Td (ealized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.85 323.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 310.83 Td (Available-for-sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 297.85 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 297.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 297.85 Td (816) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.00 297.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.95 297.85 Td (\(14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.65 297.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.00 297.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 297.85 Td (833) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 297.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.95 297.85 Td (\(33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.65 297.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 297.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.25 297.85 Td (1,649) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 297.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 297.85 Td (\(47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 297.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 284.85 Td (Commercial mortgage-backed) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 276.85 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 276.85 Td (262) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.95 276.85 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.65 276.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 276.85 Td (133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.95 276.85 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.65 276.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 276.85 Td (395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 276.85 Td (\(10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 276.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 263.85 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.25 263.85 Td (2,342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.95 263.85 Td (\(201) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.65 263.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.25 263.85 Td (1,328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.95 263.85 Td (\(153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.65 263.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.25 263.85 Td (3,670) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 263.85 Td (\(354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 263.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 250.85 Td (Equities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 250.85 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.65 250.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 250.85 Td (106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.95 250.85 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.65 250.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 250.85 Td (143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 250.85 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 250.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 237.85 Td (Hybrids) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.30 237.85 Td (88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.95 237.85 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.65 237.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 237.85 Td (542) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.95 237.85 Td (\(38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.65 237.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 237.85 Td (630) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 237.85 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 237.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 224.85 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 224.85 Td (220) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.95 224.85 Td (\(6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.65 224.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 224.85 Td (192) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.95 224.85 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.65 224.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 224.85 Td (412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 224.85 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 224.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 211.85 Td (Residential mortgage-backed) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 203.85 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 203.85 Td (423) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.95 203.85 Td (\(10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.65 203.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 203.85 Td (294) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.95 203.85 Td (\(16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.65 203.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 203.85 Td (717) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 203.85 Td (\(26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 203.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 190.83 Td (Total available-for-sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 182.83 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 182.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.25 182.85 Td (4,188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.00 182.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.95 182.85 Td (\(243) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.65 182.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.00 182.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.25 182.85 Td (3,428) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 182.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.95 182.85 Td (\(255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.65 182.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 182.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.25 182.85 Td (7,616) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 182.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 182.85 Td (\(498) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 182.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 169.85 Td (Total number of available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 161.85 Td (securities in an unrealized loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 153.85 Td (position less than twelve months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 153.85 Td (712) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 140.85 Td (Total number of available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 132.85 Td (securities in an unrealized loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 124.85 Td (position twelve months or longer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 124.85 Td (396) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 111.85 Td (Total number of available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 103.85 Td (securities in an unrealized loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 95.85 Td (position) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.25 95.85 Td (1,108) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 68.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.56 68.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 177.39 68.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.39 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.46 68.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.96 68.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.96 68.10 Td (, ) Tj ET Q q 0 0 0 rg BT 243.52 68.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 284.35 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.19 68.10 Td (an ) Tj ET Q q 0 0 0 rg BT 307.69 68.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 352.40 68.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 371.02 68.10 Td (position ) Tj ET Q q 0 0 0 rg BT 406.31 68.10 Td (were ) Tj ET Q q 0 0 0 rg BT 428.81 68.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 469.08 68.10 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 523.23 68.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 56.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.38 56.10 Td (grade, ) Tj ET Q q 0 0 0 rg BT 154.59 56.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 194.84 56.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 217.06 56.10 Td (asset-backed, ) Tj ET Q q 0 0 0 rg BT 273.14 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.08 56.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 318.69 56.10 Td (instruments. ) Tj ET Q endstream endobj 261 0 obj <>] /Rotate 0 /Contents 262 0 R>> endobj 262 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.05 742.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 174.36 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.36 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.91 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.90 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.90 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.95 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 275.26 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 294.59 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.58 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 316.00 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 339.21 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.09 742.10 Td ($183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.09 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.64 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.62 742.10 Td ($302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.62 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 410.67 742.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 458.33 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.38 742.10 Td (had ) Tj ET Q q 0 0 0 rg BT 478.37 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 489.36 742.10 Td (unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 99.78 730.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 130.76 730.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.20 730.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.53 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.75 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.31 730.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 227.51 730.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 246.84 730.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 292.83 730.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 313.83 730.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 367.04 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.70 730.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 405.71 730.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 458.92 730.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 502.69 730.10 Td (agency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (securities\), ) Tj ET Q q 0 0 0 rg BT 126.57 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 152.98 718.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 201.04 718.10 Td (less ) Tj ET Q q 0 0 0 rg BT 218.02 718.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.21 718.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.54 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.51 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.93 718.10 Td (less ) Tj ET Q q 0 0 0 rg BT 285.90 718.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.09 718.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.42 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.90 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 370.56 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 375.04 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.34 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.53 718.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 434.82 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 458.45 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.76 718.10 Td (all ) Tj ET Q q 0 0 0 rg BT 480.73 718.10 Td (investments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 699.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.26 699.10 Td (following ) Tj ET Q q 0 0 0 rg BT 162.36 699.10 Td (table ) Tj ET Q q 0 0 0 rg BT 184.01 699.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 220.66 699.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.31 699.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 284.50 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.04 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.47 699.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 351.68 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.33 699.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 397.76 699.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 434.40 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.94 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.38 699.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 484.35 699.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 502.13 699.10 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.13 687.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 117.70 687.10 Td (on ) Tj ET Q q 0 0 0 rg BT 130.50 687.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 153.85 687.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 190.54 687.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 241.42 687.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 263.09 687.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 303.66 687.10 Td (held ) Tj ET Q q 0 0 0 rg BT 323.68 687.10 Td (by ) Tj ET Q q 0 0 0 rg BT 336.48 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.50 687.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 393.19 687.10 Td (for ) Tj ET Q q 0 0 0 rg BT 407.65 687.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.67 687.10 Td (years ) Tj ET Q q 0 0 0 rg BT 446.57 687.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.44 687.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.25 687.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 675.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.44 675.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.44 675.10 Td (, ) Tj ET Q q 0 0 0 rg BT 145.44 675.10 Td (for ) Tj ET Q q 0 0 0 rg BT 159.60 675.10 Td (which ) Tj ET Q q 0 0 0 rg BT 186.54 675.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.48 675.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 224.86 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.69 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.41 675.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 275.68 675.10 Td (was ) Tj ET Q q 0 0 0 rg BT 293.73 675.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 340.09 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.82 675.10 Td (AOCI: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 615.60 310.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 615.60 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 615.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 615.60 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 589.60 310.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 589.60 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 589.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 589.60 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 563.60 310.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 563.60 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 563.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 563.60 68.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 644.6 m 459.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 644.6 m 463.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 644.6 m 531.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 615.6 m 459.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 644.6 m 531.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 615.6 m 531.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 615.6 m 459.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 615.6 m 531.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 563.6 m 459.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 563.6 m 531.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 563.6 m 459.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 551.6 m 459.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 549.6 m 459.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 563.6 m 531.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 551.6 m 531.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 549.6 m 531.5 549.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.45 648.83 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.00 619.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.00 619.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 606.83 Td (Beginning balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 606.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 606.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.00 606.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 606.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 593.85 Td (Increases attributable to credit losses on securities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 580.85 Td (OTTI was previously recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 580.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 580.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 567.85 Td (OTTI was not previously recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 567.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 567.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 554.83 Td (Ending balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 554.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 554.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.00 554.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 554.85 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 527.10 Td (For ) Tj ET Q q 0 0 0 rg BT 118.70 527.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.22 527.10 Td (year ) Tj ET Q q 0 0 0 rg BT 150.73 527.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.61 527.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.91 527.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 234.98 527.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.98 527.10 Td (, ) Tj ET Q q 0 0 0 rg BT 258.79 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.31 527.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 312.50 527.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.67 527.10 Td ($40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.67 527.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.97 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.61 527.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 407.68 527.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 455.08 527.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 480.28 527.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.36 527.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 515.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.86 515.10 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.86 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.28 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.03 515.10 Td (change-of-intent ) Tj ET Q q 0 0 0 rg BT 189.53 515.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 215.84 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.04 515.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 272.62 515.10 Td (related ) Tj ET Q q 0 0 0 rg BT 302.24 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.44 515.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 335.41 515.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 371.71 515.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 411.90 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.76 515.10 Td (other ) Tj ET Q q 0 0 0 rg BT 451.72 515.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 487.47 515.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 513.22 515.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 503.10 Td (an ) Tj ET Q q 0 0 0 rg BT 92.48 503.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 134.50 503.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 152.64 503.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.01 503.10 Td ($418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.01 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.05 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.53 503.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.00 503.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 223.92 503.10 Td (value ) Tj ET Q q 0 0 0 rg BT 247.61 503.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.98 503.10 Td ($374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.98 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.02 503.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.28 503.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 349.08 503.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.08 503.10 Td (. ) Tj ET Q q 0 0 0 rg BT 373.47 503.10 Td (The ) Tj ET Q q 0 0 0 rg BT 391.06 503.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 431.98 503.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.88 503.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.88 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.92 503.10 Td (non-credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 491.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 107.39 491.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.67 491.10 Td (other ) Tj ET Q q 0 0 0 rg BT 140.72 491.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 203.75 491.10 Td (income ) Tj ET Q q 0 0 0 rg BT 235.68 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.84 491.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 300.12 491.10 Td (which ) Tj ET Q q 0 0 0 rg BT 327.05 491.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 377.86 491.10 Td (OTTI. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 467.10 Td (For ) Tj ET Q q 0 0 0 rg BT 118.70 467.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.22 467.10 Td (year ) Tj ET Q q 0 0 0 rg BT 150.73 467.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.61 467.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.91 467.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 234.98 467.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.98 467.10 Td (, ) Tj ET Q q 0 0 0 rg BT 258.79 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.31 467.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 312.50 467.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.67 467.10 Td ($74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.67 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.97 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.61 467.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 407.68 467.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 455.08 467.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 480.28 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.36 467.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 455.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 455.10 Td ($8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.56 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.45 455.10 Td (change-of-intent ) Tj ET Q q 0 0 0 rg BT 190.09 455.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 219.04 455.10 Td (related ) Tj ET Q q 0 0 0 rg BT 248.81 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.15 455.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 282.25 455.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 318.70 455.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 359.02 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.02 455.10 Td (other ) Tj ET Q q 0 0 0 rg BT 399.13 455.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 435.02 455.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 460.91 455.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 501.23 455.10 Td (with ) Tj ET Q q 0 0 0 rg BT 521.57 455.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 443.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 123.48 443.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 142.09 443.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.92 443.10 Td ($488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.92 443.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.42 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.36 443.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.30 443.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 215.67 443.10 Td (value ) Tj ET Q q 0 0 0 rg BT 239.83 443.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.66 443.10 Td ($406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.66 443.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.16 443.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.88 443.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 343.14 443.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.14 443.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 419.10 Td (For ) Tj ET Q q 0 0 0 rg BT 119.03 419.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.88 419.10 Td (year ) Tj ET Q q 0 0 0 rg BT 151.73 419.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.61 419.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.25 419.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 236.65 419.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.65 419.10 Td (, ) Tj ET Q q 0 0 0 rg BT 260.79 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.64 419.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 315.17 419.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.67 419.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.67 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.30 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.27 419.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 406.67 419.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 454.41 419.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 479.94 419.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.36 419.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 533.51 419.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 407.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.58 407.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.58 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.73 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.20 407.10 Td (change-of-intent ) Tj ET Q q 0 0 0 rg BT 188.42 407.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 216.96 407.10 Td (related ) Tj ET Q q 0 0 0 rg BT 246.30 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.22 407.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 278.92 407.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 314.94 407.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 354.85 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.43 407.10 Td (low ) Tj ET Q q 0 0 0 rg BT 388.57 407.10 Td (income ) Tj ET Q q 0 0 0 rg BT 420.15 407.10 Td (housing ) Tj ET Q q 0 0 0 rg BT 453.96 407.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 468.32 407.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 493.23 407.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 395.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.28 395.10 Td (an ) Tj ET Q q 0 0 0 rg BT 113.22 395.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 155.70 395.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 174.31 395.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.14 395.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.14 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.64 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.57 395.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.51 395.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 237.89 395.10 Td (value ) Tj ET Q q 0 0 0 rg BT 262.04 395.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.88 395.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.88 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.38 395.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.09 395.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 355.36 395.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.36 395.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 376.10 Td (Details ) Tj ET Q q 0 0 0 rg BT 133.77 376.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 179.04 376.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 230.98 376.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 254.58 376.10 Td (as ) Tj ET Q q 0 0 0 rg BT 264.86 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.25 376.10 Td (result ) Tj ET Q q 0 0 0 rg BT 295.41 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.69 376.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 330.41 376.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.35 376.10 Td (were ) Tj ET Q q 0 0 0 rg BT 368.72 376.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 414.53 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.26 376.10 Td ("Net ) Tj ET Q q 0 0 0 rg BT 444.73 376.10 Td (income" ) Tj ET Q q 0 0 0 rg BT 480.19 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.58 376.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 364.10 Td (net ) Tj ET Q q 0 0 0 rg BT 106.00 364.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 140.14 364.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 163.74 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 176.24 364.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 216.51 364.10 Td (were ) Tj ET Q q 0 0 0 rg BT 238.44 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 249.27 364.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 307.60 272.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 307.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 307.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 307.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 307.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 307.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 281.60 272.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 281.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 281.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 281.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 281.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 281.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 255.60 272.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 255.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 255.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 255.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 255.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 255.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 229.60 272.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 229.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 229.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 229.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 229.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 229.60 58.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 331.6 m 409.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 331.6 m 413.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 331.6 m 469.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 331.6 m 473.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 331.6 m 531.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 331.6 m 409.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 307.6 m 409.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 331.6 m 413.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 331.6 m 469.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 307.6 m 469.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 331.6 m 473.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 331.6 m 531.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 307.6 m 531.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 307.6 m 469.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 229.60000000000002 m 409.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 217.60000000000002 m 409.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 215.60000000000002 m 409.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 229.60000000000002 m 469.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 217.60000000000002 m 469.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 215.60000000000002 m 469.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 229.60000000000002 m 531.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 217.60000000000002 m 531.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 215.60000000000002 m 531.5 215.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.45 335.83 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.00 311.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.00 311.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 311.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 298.83 Td (OTTI recognized in net income:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 285.85 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.00 285.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 285.85 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 285.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 285.85 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.00 285.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 285.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 272.85 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.30 272.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 272.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 272.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 259.85 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.30 259.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 259.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 259.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 246.85 Td (Residential mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 246.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 246.85 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 246.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 233.85 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 233.85 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 233.85 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 233.85 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 220.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.00 220.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 220.85 Td (44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 220.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 220.85 Td (82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.00 220.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 220.85 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 193.10 Td (The ) Tj ET Q q 0 0 0 rg BT 98.87 193.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 130.07 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.72 193.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 165.81 193.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 211.99 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.58 193.10 Td (AOCI ) Tj ET Q q 0 0 0 rg BT 248.34 193.10 Td (is ) Tj ET Q q 0 0 0 rg BT 257.33 193.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 296.87 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.96 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.50 193.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 376.59 193.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 422.79 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.44 193.10 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 498.53 193.10 Td (Income.) Tj ET Q endstream endobj 263 0 obj <>] /Rotate 0 /Contents 264 0 R>> endobj 264 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 114.64 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.67 742.10 Td (second ) Tj ET Q q 0 0 0 rg BT 160.24 742.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 191.37 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 218.05 742.10 Td (March ) Tj ET Q q 0 0 0 rg BT 246.96 742.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 262.27 742.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 287.58 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.60 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 344.30 742.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 390.97 742.10 Td (credit-related ) Tj ET Q q 0 0 0 rg BT 447.08 742.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 495.98 742.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 522.69 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td ($59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 100.15 730.10 Td (net ) Tj ET Q q 0 0 0 rg BT 114.01 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.99 730.10 Td (reinsurance, ) Tj ET Q q 0 0 0 rg BT 174.22 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 185.87 730.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 236.75 730.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 257.27 730.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 279.47 730.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 315.00 730.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 356.91 730.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 407.79 730.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 428.31 730.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 454.96 730.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 494.37 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.46 730.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 117.76 718.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 144.52 718.10 Td (related ) Tj ET Q q 0 0 0 rg BT 175.16 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.37 718.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 212.56 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.43 718.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 264.41 718.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 315.61 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.83 718.10 Td (RadioShack ) Tj ET Q q 0 0 0 rg BT 378.58 718.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 430.34 718.10 Td (\("RSH"\) ) Tj ET Q q 0 0 0 rg BT 468.05 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.92 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 509.90 718.10 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (because ) Tj ET Q q 0 0 0 rg BT 115.62 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.82 706.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.68 706.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 216.75 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.95 706.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 263.80 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.55 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.75 706.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 306.60 706.10 Td (value ) Tj ET Q q 0 0 0 rg BT 331.23 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.54 706.10 Td (these ) Tj ET Q q 0 0 0 rg BT 366.07 706.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 416.82 706.10 Td (was ) Tj ET Q q 0 0 0 rg BT 435.35 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 458.87 706.10 Td (than ) Tj ET Q q 0 0 0 rg BT 479.07 706.10 Td (temporary) Tj ET Q q 0 0 0 rg BT 519.51 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 524.33 706.10 Td (A) Tj ET Q q 0 0 0 rg BT 531.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 120.72 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.55 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.26 694.10 Td (RSH-related ) Tj ET Q q 0 0 0 rg BT 198.75 694.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 251.24 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.74 694.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 310.12 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 319.29 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 330.12 694.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 653.60 153.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 653.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 653.60 202.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 653.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 653.60 87.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 631.60 153.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 631.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 631.60 202.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 631.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 631.60 87.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 609.60 153.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 609.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 609.60 202.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 609.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 609.60 87.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 587.60 153.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 587.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 587.60 202.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 587.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 587.60 87.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 673.6 m 531.5 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 663.6 m 234.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 663.6 m 440.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 663.6 m 531.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 653.6 m 234.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 653.6 m 440.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 663.6 m 531.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 653.6 m 531.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 653.6 m 531.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 620.6 m 531.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 587.6 m 531.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 577.6 m 531.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 575.6 m 531.5 575.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.45 675.73 Td (Year Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.10 665.73 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 149.10 655.73 Td (Type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.00 655.73 Td (Balance Sheet Classification) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.35 655.73 Td (OTTI Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 645.55 Td (Collateralized loan obligations \("CLOs"\) \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.00 645.55 Td (Fixed maturities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 645.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 645.55 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 634.55 Td (Preferred equity \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.00 634.55 Td (Equity securities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 634.55 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 623.55 Td (Participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.00 623.55 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 623.55 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 612.55 Td (OTTI, gross of reinsurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 612.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 612.55 Td (81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 601.55 Td (CLOs \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.00 601.55 Td (Fixed maturities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 601.55 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 601.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 590.55 Td (Preferred equity \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.00 590.55 Td (Equity securities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 590.55 Td (\(21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 590.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 579.55 Td (OTTI, net of reinsurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 579.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 579.55 Td (59) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 567.50 Td (\(a\) Preferred equity and a portion of the CLOs are included in the FSRCI funds withheld portfolio, accordingly all income and losses on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 557.90 Td (these assets are ceded to FSRCI.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 533.90 Td ( ) Tj ET Q q 0 0 0 rg BT 103.32 533.90 Td (The fair values of the impairments summarized above were determined using the following inputs as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 521.90 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 502.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 502.90 Td (CLOs ) Tj ET Q q 0 0 0 rg BT 143.15 502.90 Td (- ) Tj ET Q q 0 0 0 rg BT 148.58 502.90 Td (The ) Tj ET Q q 0 0 0 rg BT 166.38 502.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 207.53 502.90 Td (utilized ) Tj ET Q q 0 0 0 rg BT 239.78 502.90 Td (a ) Tj ET Q q 0 0 0 rg BT 246.48 502.90 Td (price ) Tj ET Q q 0 0 0 rg BT 268.72 502.90 Td (from ) Tj ET Q q 0 0 0 rg BT 290.42 502.90 Td (a ) Tj ET Q q 0 0 0 rg BT 297.12 502.90 Td (third ) Tj ET Q q 0 0 0 rg BT 318.27 502.90 Td (party ) Tj ET Q q 0 0 0 rg BT 341.07 502.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 380.55 502.90 Td (firm ) Tj ET Q q 0 0 0 rg BT 400.02 502.90 Td (which ) Tj ET Q q 0 0 0 rg BT 426.72 502.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 472.30 502.90 Td (the ) Tj ET Q q 0 0 0 rg BT 486.77 502.90 Td (suf) Tj ET Q q 0 0 0 rg BT 498.81 502.90 Td (ficiency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 490.90 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 490.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 173.66 490.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 193.37 490.90 Td (collateral ) Tj ET Q q 0 0 0 rg BT 233.07 490.90 Td (for ) Tj ET Q q 0 0 0 rg BT 247.23 490.90 Td (the ) Tj ET Q q 0 0 0 rg BT 261.95 490.90 Td (RSH ) Tj ET Q q 0 0 0 rg BT 283.90 490.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 303.62 490.90 Td (and ) Tj ET Q q 0 0 0 rg BT 320.55 490.90 Td (other ) Tj ET Q q 0 0 0 rg BT 343.60 490.90 Td (loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 471.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 471.90 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 156.83 471.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 184.46 471.90 Td (- ) Tj ET Q q 0 0 0 rg BT 190.23 471.90 Td (The ) Tj ET Q q 0 0 0 rg BT 208.41 471.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 249.92 471.90 Td (utilized ) Tj ET Q q 0 0 0 rg BT 282.55 471.90 Td (a ) Tj ET Q q 0 0 0 rg BT 289.62 471.90 Td (price ) Tj ET Q q 0 0 0 rg BT 312.23 471.90 Td (from ) Tj ET Q q 0 0 0 rg BT 334.30 471.90 Td (a ) Tj ET Q q 0 0 0 rg BT 341.38 471.90 Td (third ) Tj ET Q q 0 0 0 rg BT 362.89 471.90 Td (party ) Tj ET Q q 0 0 0 rg BT 386.07 471.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 425.92 471.90 Td (firm ) Tj ET Q q 0 0 0 rg BT 445.76 471.90 Td (which ) Tj ET Q q 0 0 0 rg BT 472.83 471.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 518.78 471.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 459.90 Td (updated ) Tj ET Q q 0 0 0 rg BT 150.75 459.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 166.73 459.90 Td (value ) Tj ET Q q 0 0 0 rg BT 190.49 459.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 229.80 459.90 Td (of ) Tj ET Q q 0 0 0 rg BT 240.23 459.90 Td (the ) Tj ET Q q 0 0 0 rg BT 254.54 459.90 Td (Salus ) Tj ET Q q 0 0 0 rg BT 278.31 459.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 309.29 459.90 Td (Partners ) Tj ET Q q 0 0 0 rg BT 344.16 459.90 Td (LLC ) Tj ET Q q 0 0 0 rg BT 365.15 459.90 Td (\("Salus"\) ) Tj ET Q q 0 0 0 rg BT 403.74 459.90 Td (CLO ) Tj ET Q q 0 0 0 rg BT 425.84 459.90 Td (and ) Tj ET Q q 0 0 0 rg BT 442.38 459.90 Td (the ) Tj ET Q q 0 0 0 rg BT 456.70 459.90 Td (Salus ) Tj ET Q q 0 0 0 rg BT 480.47 459.90 Td (participation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 447.90 Td (in ) Tj ET Q q 0 0 0 rg BT 127.28 447.90 Td (RSH, ) Tj ET Q q 0 0 0 rg BT 151.73 447.90 Td (in ) Tj ET Q q 0 0 0 rg BT 162.01 447.90 Td (which ) Tj ET Q q 0 0 0 rg BT 188.95 447.90 Td (Salus ) Tj ET Q q 0 0 0 rg BT 213.12 447.90 Td (owns ) Tj ET Q q 0 0 0 rg BT 236.73 447.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 283.11 447.90 Td (interests. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 428.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 428.90 Td (Participations ) Tj ET Q q 0 0 0 rg BT 174.76 428.90 Td (- ) Tj ET Q q 0 0 0 rg BT 180.66 428.90 Td (The ) Tj ET Q q 0 0 0 rg BT 198.98 428.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.63 428.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 286.72 428.90 Td (the ) Tj ET Q q 0 0 0 rg BT 301.71 428.90 Td (recovery ) Tj ET Q q 0 0 0 rg BT 339.45 428.90 Td (of ) Tj ET Q q 0 0 0 rg BT 350.55 428.90 Td (the ) Tj ET Q q 0 0 0 rg BT 365.54 428.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 411.63 428.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 431.62 428.90 Td (collateral ) Tj ET Q q 0 0 0 rg BT 471.59 428.90 Td (for ) Tj ET Q q 0 0 0 rg BT 486.02 428.90 Td (RSH ) Tj ET Q q 0 0 0 rg BT 508.24 428.90 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 416.90 Td (on ) Tj ET Q q 0 0 0 rg BT 129.50 416.90 Td (the ) Tj ET Q q 0 0 0 rg BT 144.22 416.90 Td (evidence ) Tj ET Q q 0 0 0 rg BT 182.25 416.90 Td (obtained.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 397.90 Td (RSH ) Tj ET Q q 0 0 0 rg BT 125.87 397.90 Td (filed ) Tj ET Q q 0 0 0 rg BT 147.11 397.90 Td (for ) Tj ET Q q 0 0 0 rg BT 161.68 397.90 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 209.58 397.90 Td (on ) Tj ET Q q 0 0 0 rg BT 222.50 397.90 Td (February ) Tj ET Q q 0 0 0 rg BT 261.51 397.90 Td (5, ) Tj ET Q q 0 0 0 rg BT 271.93 397.90 Td (2015. ) Tj ET Q q 0 0 0 rg BT 299.84 397.90 Td (In ) Tj ET Q q 0 0 0 rg BT 311.09 397.90 Td (late ) Tj ET Q q 0 0 0 rg BT 328.44 397.90 Td (March ) Tj ET Q q 0 0 0 rg BT 357.45 397.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 382.87 397.90 Td (the ) Tj ET Q q 0 0 0 rg BT 398.00 397.90 Td (Court ) Tj ET Q q 0 0 0 rg BT 423.69 397.90 Td (awarded ) Tj ET Q q 0 0 0 rg BT 460.47 397.90 Td (a ) Tj ET Q q 0 0 0 rg BT 467.83 397.90 Td (sale ) Tj ET Q q 0 0 0 rg BT 486.29 397.90 Td (of ) Tj ET Q q 0 0 0 rg BT 497.53 397.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 523.78 397.90 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 385.90 Td (auction ) Tj ET Q q 0 0 0 rg BT 113.06 385.90 Td (to ) Tj ET Q q 0 0 0 rg BT 123.47 385.90 Td (another ) Tj ET Q q 0 0 0 rg BT 156.09 385.90 Td (bidder) Tj ET Q q 0 0 0 rg BT 181.24 385.90 Td (, ) Tj ET Q q 0 0 0 rg BT 186.37 385.90 Td (causing ) Tj ET Q q 0 0 0 rg BT 219.54 385.90 Td (our ) Tj ET Q q 0 0 0 rg BT 235.51 385.90 Td (collateral ) Tj ET Q q 0 0 0 rg BT 275.33 385.90 Td (claim ) Tj ET Q q 0 0 0 rg BT 300.18 385.90 Td (to ) Tj ET Q q 0 0 0 rg BT 310.59 385.90 Td (become ) Tj ET Q q 0 0 0 rg BT 344.31 385.90 Td (more ) Tj ET Q q 0 0 0 rg BT 367.49 385.90 Td (junior ) Tj ET Q q 0 0 0 rg BT 394.01 385.90 Td (to ) Tj ET Q q 0 0 0 rg BT 404.42 385.90 Td (other ) Tj ET Q q 0 0 0 rg BT 427.59 385.90 Td (claimants ) Tj ET Q q 0 0 0 rg BT 468.54 385.90 Td (and ) Tj ET Q q 0 0 0 rg BT 485.61 385.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 523.24 385.90 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 373.90 Td (our ) Tj ET Q q 0 0 0 rg BT 96.44 373.90 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 141.88 373.90 Td (that ) Tj ET Q q 0 0 0 rg BT 158.99 373.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.32 373.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.33 373.90 Td (had ) Tj ET Q q 0 0 0 rg BT 230.88 373.90 Td (realized ) Tj ET Q q 0 0 0 rg BT 264.63 373.90 Td (an ) Tj ET Q q 0 0 0 rg BT 276.19 373.90 Td (OTTI. ) Tj ET Q q 0 0 0 rg BT 303.10 373.90 Td (As ) Tj ET Q q 0 0 0 rg BT 316.33 373.90 Td (of ) Tj ET Q q 0 0 0 rg BT 326.77 373.90 Td (September ) Tj ET Q q 0 0 0 rg BT 371.65 373.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 386.27 373.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 410.88 373.90 Td (substantially ) Tj ET Q q 0 0 0 rg BT 463.55 373.90 Td (all ) Tj ET Q q 0 0 0 rg BT 475.66 373.90 Td (of ) Tj ET Q q 0 0 0 rg BT 486.10 373.90 Td (RSH ) Tj ET Q q 0 0 0 rg BT 507.67 373.90 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 361.90 Td (in ) Tj ET Q q 0 0 0 rg BT 92.14 361.90 Td (the ) Tj ET Q q 0 0 0 rg BT 107.73 361.90 Td (estate ) Tj ET Q q 0 0 0 rg BT 133.86 361.90 Td (had ) Tj ET Q q 0 0 0 rg BT 151.66 361.90 Td (been ) Tj ET Q q 0 0 0 rg BT 173.90 361.90 Td (converted ) Tj ET Q q 0 0 0 rg BT 216.69 361.90 Td (to ) Tj ET Q q 0 0 0 rg BT 227.84 361.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 248.97 361.90 Td (through ) Tj ET Q q 0 0 0 rg BT 283.44 361.90 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 330.14 361.90 Td (and ) Tj ET Q q 0 0 0 rg BT 347.94 361.90 Td (the ) Tj ET Q q 0 0 0 rg BT 363.53 361.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 380.77 361.90 Td (value ) Tj ET Q q 0 0 0 rg BT 405.79 361.90 Td (of ) Tj ET Q q 0 0 0 rg BT 417.49 361.90 Td (the ) Tj ET Q q 0 0 0 rg BT 433.07 361.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 481.02 361.90 Td (RSH-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 349.90 Td (holdings ) Tj ET Q q 0 0 0 rg BT 118.48 349.90 Td (reflects ) Tj ET Q q 0 0 0 rg BT 150.94 349.90 Td (these ) Tj ET Q q 0 0 0 rg BT 174.53 349.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 195.33 349.90 Td (balances, ) Tj ET Q q 0 0 0 rg BT 235.29 349.90 Td (net ) Tj ET Q q 0 0 0 rg BT 250.54 349.90 Td (of ) Tj ET Q q 0 0 0 rg BT 261.91 349.90 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 303.55 349.90 Td ( ) Tj ET Q q 0 0 0 rg BT 305.91 349.90 Td (As ) Tj ET Q q 0 0 0 rg BT 320.06 349.90 Td (of ) Tj ET Q q 0 0 0 rg BT 331.43 349.90 Td (September ) Tj ET Q q 0 0 0 rg BT 377.23 349.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 392.76 349.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 415.80 349.90 Td (while ) Tj ET Q q 0 0 0 rg BT 441.05 349.90 Td (substantially ) Tj ET Q q 0 0 0 rg BT 494.64 349.90 Td (all ) Tj ET Q q 0 0 0 rg BT 507.67 349.90 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 337.90 Td (represent ) Tj ET Q q 0 0 0 rg BT 120.88 337.90 Td (cash, ) Tj ET Q q 0 0 0 rg BT 144.38 337.90 Td (the ) Tj ET Q q 0 0 0 rg BT 159.83 337.90 Td (wind-down ) Tj ET Q q 0 0 0 rg BT 208.61 337.90 Td (process ) Tj ET Q q 0 0 0 rg BT 241.83 337.90 Td (still ) Tj ET Q q 0 0 0 rg BT 260.07 337.90 Td (continued; ) Tj ET Q q 0 0 0 rg BT 305.51 337.90 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 347.33 337.90 Td (some ) Tj ET Q q 0 0 0 rg BT 371.67 337.90 Td (variability ) Tj ET Q q 0 0 0 rg BT 416.00 337.90 Td (still ) Tj ET Q q 0 0 0 rg BT 434.23 337.90 Td (existed ) Tj ET Q q 0 0 0 rg BT 465.79 337.90 Td (in ) Tj ET Q q 0 0 0 rg BT 476.80 337.90 Td (the ) Tj ET Q q 0 0 0 rg BT 492.25 337.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.35 337.90 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 325.90 Td (related ) Tj ET Q q 0 0 0 rg BT 110.23 325.90 Td (to ) Tj ET Q q 0 0 0 rg BT 120.04 325.90 Td (these ) Tj ET Q q 0 0 0 rg BT 142.62 325.90 Td (costs. ) Tj ET Q q 0 0 0 rg BT 167.15 325.90 Td (Please ) Tj ET Q q 0 0 0 rg BT 194.73 325.90 Td (refer ) Tj ET Q q 0 0 0 rg BT 215.62 325.90 Td (to ) Tj ET Q q 0 0 0 rg BT 225.43 325.90 Td ("Note ) Tj ET Q q 0 0 0 rg BT 250.98 325.90 Td (6. ) Tj ET Q q 0 0 0 rg BT 260.51 325.90 Td (Fair ) Tj ET Q q 0 0 0 rg BT 278.50 325.90 Td (V) Tj ET Q q 0 0 0 rg BT 284.62 325.90 Td (alue ) Tj ET Q q 0 0 0 rg BT 303.30 325.90 Td (of ) Tj ET Q q 0 0 0 rg BT 313.66 325.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 352.91 325.90 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 406.59 325.90 Td (to ) Tj ET Q q 0 0 0 rg BT 416.40 325.90 Td (the ) Tj ET Q q 0 0 0 rg BT 430.65 325.90 Td (Company) Tj ET Q q 0 0 0 rg BT 472.31 325.90 Td (s ) Tj ET Q q 0 0 0 rg BT 478.23 325.90 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 313.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 120.71 313.90 Td (Statements ) Tj ET Q q 0 0 0 rg BT 167.09 313.90 Td (for ) Tj ET Q q 0 0 0 rg BT 181.25 313.90 Td (more ) Tj ET Q q 0 0 0 rg BT 204.30 313.90 Td (detail ) Tj ET Q q 0 0 0 rg BT 229.01 313.90 Td (on ) Tj ET Q q 0 0 0 rg BT 241.51 313.90 Td (the ) Tj ET Q q 0 0 0 rg BT 256.23 313.90 Td (investments ) Tj ET Q q 0 0 0 rg BT 306.50 313.90 Td (impacted ) Tj ET Q q 0 0 0 rg BT 345.65 313.90 Td (by ) Tj ET Q q 0 0 0 rg BT 358.15 313.90 Td (this ) Tj ET Q q 0 0 0 rg BT 375.10 313.90 Td (impairment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 294.90 Td (During ) Tj ET Q q 0 0 0 rg BT 133.85 294.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 158.87 294.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.61 294.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.90 294.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 231.96 294.90 Td (from ) Tj ET Q q 0 0 0 rg BT 253.92 294.90 Td (the ) Tj ET Q q 0 0 0 rg BT 268.66 294.90 Td (RSH ) Tj ET Q q 0 0 0 rg BT 290.64 294.90 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 336.49 294.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 356.79 294.90 Td (were ) Tj ET Q q 0 0 0 rg BT 378.74 294.90 Td (distributed ) Tj ET Q q 0 0 0 rg BT 424.04 294.90 Td (and ) Tj ET Q q 0 0 0 rg BT 441.00 294.90 Td (the ) Tj ET Q q 0 0 0 rg BT 455.73 294.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 497.14 294.90 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 282.90 Td ($23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 282.90 Td (. ) Tj ET Q q 0 0 0 rg BT 100.98 282.90 Td (This ) Tj ET Q q 0 0 0 rg BT 121.44 282.90 Td (reflected ) Tj ET Q q 0 0 0 rg BT 159.09 282.90 Td (a ) Tj ET Q q 0 0 0 rg BT 166.20 282.90 Td (recovery ) Tj ET Q q 0 0 0 rg BT 203.86 282.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.86 282.90 Td (45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.19 282.90 Td ( ) Tj ET Q q 0 0 0 rg BT 235.87 282.90 Td (of ) Tj ET Q q 0 0 0 rg BT 246.88 282.90 Td (par ) Tj ET Q q 0 0 0 rg BT 262.32 282.90 Td (value, ) Tj ET Q q 0 0 0 rg BT 289.16 282.90 Td (an ) Tj ET Q q 0 0 0 rg BT 301.27 282.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 336.70 282.90 Td (over ) Tj ET Q q 0 0 0 rg BT 357.15 282.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.04 282.90 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.37 282.90 Td ( ) Tj ET Q q 0 0 0 rg BT 393.05 282.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 434.05 282.90 Td (recovery ) Tj ET Q q 0 0 0 rg BT 471.70 282.90 Td (value ) Tj ET Q q 0 0 0 rg BT 496.03 282.90 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 270.90 Td (in ) Tj ET Q q 0 0 0 rg BT 91.35 270.90 Td (the ) Tj ET Q q 0 0 0 rg BT 106.14 270.90 Td (second ) Tj ET Q q 0 0 0 rg BT 136.49 270.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 160.72 270.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 191.61 270.90 Td (of ) Tj ET Q q 0 0 0 rg BT 202.51 270.90 Td (2015. ) Tj ET Q q 0 0 0 rg BT 227.02 270.90 Td (As ) Tj ET Q q 0 0 0 rg BT 240.71 270.90 Td (a ) Tj ET Q q 0 0 0 rg BT 247.72 270.90 Td (result, ) Tj ET Q q 0 0 0 rg BT 275.01 270.90 Td (the ) Tj ET Q q 0 0 0 rg BT 289.80 270.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 331.26 270.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 377.70 270.90 Td (a ) Tj ET Q q 0 0 0 rg BT 384.71 270.90 Td (realized ) Tj ET Q q 0 0 0 rg BT 418.93 270.90 Td (gain ) Tj ET Q q 0 0 0 rg BT 438.72 270.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.63 270.90 Td ($8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.63 270.90 Td ( ) Tj ET Q q 0 0 0 rg BT 462.20 270.90 Td (in ) Tj ET Q q 0 0 0 rg BT 472.55 270.90 Td (the ) Tj ET Q q 0 0 0 rg BT 487.35 270.90 Td (year ) Tj ET Q q 0 0 0 rg BT 507.13 270.90 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 258.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.26 258.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 166.08 258.90 Td (The ) Tj ET Q q 0 0 0 rg BT 184.13 258.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.52 258.90 Td (has ) Tj ET Q q 0 0 0 rg BT 241.35 258.90 Td (a ) Tj ET Q q 0 0 0 rg BT 248.29 258.90 Td (remaining ) Tj ET Q q 0 0 0 rg BT 291.33 258.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 316.59 258.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 362.97 258.90 Td (in ) Tj ET Q q 0 0 0 rg BT 373.25 258.90 Td (RSH ) Tj ET Q q 0 0 0 rg BT 395.20 258.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.03 258.90 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.03 258.90 Td ( ) Tj ET Q q 0 0 0 rg BT 418.53 258.90 Td (as ) Tj ET Q q 0 0 0 rg BT 429.36 258.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.19 258.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 500.46 258.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.46 258.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 239.90 Td (Additionally) Tj ET Q q 0 0 0 rg BT 152.90 239.90 Td (, ) Tj ET Q q 0 0 0 rg BT 157.85 239.90 Td (during ) Tj ET Q q 0 0 0 rg BT 186.40 239.90 Td (the ) Tj ET Q q 0 0 0 rg BT 201.06 239.90 Td (years ) Tj ET Q q 0 0 0 rg BT 224.61 239.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 250.93 239.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 311.14 239.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 333.58 239.90 Td (and ) Tj ET Q q 0 0 0 rg BT 350.47 239.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 375.41 239.90 Td (the ) Tj ET Q q 0 0 0 rg BT 390.08 239.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 431.41 239.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 477.71 239.90 Td (credit-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 227.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 129.31 227.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 155.42 227.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.96 227.90 Td ($33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.96 227.90 Td ( ) Tj ET Q q 0 0 0 rg BT 183.18 227.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.83 227.90 Td ($13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.83 227.90 Td (, ) Tj ET Q q 0 0 0 rg BT 219.54 227.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 267.21 227.90 Td (, ) Tj ET Q q 0 0 0 rg BT 271.92 227.90 Td (net ) Tj ET Q q 0 0 0 rg BT 286.35 227.90 Td (of ) Tj ET Q q 0 0 0 rg BT 296.90 227.90 Td (reinsurance, ) Tj ET Q q 0 0 0 rg BT 347.69 227.90 Td (on ) Tj ET Q q 0 0 0 rg BT 359.91 227.90 Td (available-for) Tj ET Q q 0 0 0 rg BT 410.79 227.90 Td (-sale ) Tj ET Q q 0 0 0 rg BT 431.88 227.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 454.64 227.90 Td (maturity ) Tj ET Q q 0 0 0 rg BT 490.74 227.90 Td (securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 215.90 Td (available-for) Tj ET Q q 0 0 0 rg BT 131.88 215.90 Td (-sale ) Tj ET Q q 0 0 0 rg BT 154.41 215.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 183.06 215.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 224.48 215.90 Td (and ) Tj ET Q q 0 0 0 rg BT 242.58 215.90 Td (other ) Tj ET Q q 0 0 0 rg BT 266.78 215.90 Td (invested ) Tj ET Q q 0 0 0 rg BT 303.76 215.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 330.75 215.90 Td (related ) Tj ET Q q 0 0 0 rg BT 361.61 215.90 Td (to ) Tj ET Q q 0 0 0 rg BT 373.04 215.90 Td (CLOs, ) Tj ET Q q 0 0 0 rg BT 403.09 215.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 423.96 215.90 Td (participations ) Tj ET Q q 0 0 0 rg BT 482.05 215.90 Td (and ) Tj ET Q q 0 0 0 rg BT 500.14 215.90 Td (a ) Tj ET Q q 0 0 0 rg BT 508.24 215.90 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 203.90 Td (preferred ) Tj ET Q q 0 0 0 rg BT 119.78 203.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 146.93 203.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 192.96 203.90 Td (with ) Tj ET Q q 0 0 0 rg BT 212.88 203.90 Td (Salus. ) Tj ET Q q 0 0 0 rg BT 241.23 203.90 Td (A) Tj ET Q q 0 0 0 rg BT 247.90 203.90 Td ( ) Tj ET Q q 0 0 0 rg BT 250.05 203.90 Td (summary ) Tj ET Q q 0 0 0 rg BT 289.41 203.90 Td (of ) Tj ET Q q 0 0 0 rg BT 299.89 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 314.26 203.90 Td (Salus-related ) Tj ET Q q 0 0 0 rg BT 368.61 203.90 Td (impairments ) Tj ET Q q 0 0 0 rg BT 420.75 203.90 Td (by ) Tj ET Q q 0 0 0 rg BT 432.89 203.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 478.92 203.90 Td (is ) Tj ET Q q 0 0 0 rg BT 487.74 203.90 Td (as ) Tj ET Q q 0 0 0 rg BT 498.22 203.90 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 156.40 108.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 156.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 156.40 204.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 156.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 156.40 63.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 156.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 156.40 63.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 134.40 108.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 134.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 134.40 204.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 134.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 134.40 63.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 134.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 134.40 63.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 112.40 108.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 112.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 112.40 204.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 112.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 112.40 63.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 112.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 112.40 63.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 90.40 108.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 90.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 90.40 204.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 90.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 90.40 63.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 90.40 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 90.40 63.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 181.39999999999998 m 463.5 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 181.39999999999998 m 467.5 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 181.39999999999998 m 530.5 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 168.39999999999998 m 188.5 168.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 168.39999999999998 m 396.5 168.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 168.39999999999998 m 463.5 168.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 168.39999999999998 m 467.5 168.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 168.39999999999998 m 530.5 168.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 156.39999999999998 m 188.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 156.39999999999998 m 396.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 168.39999999999998 m 463.5 168.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 156.39999999999998 m 463.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 168.39999999999998 m 467.5 168.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 156.39999999999998 m 467.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 168.39999999999998 m 530.5 168.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 156.39999999999998 m 530.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 123.39999999999998 m 463.5 123.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 123.39999999999998 m 530.5 123.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 79.39999999999998 m 463.5 79.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 79.39999999999998 m 530.5 79.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 79.39999999999998 m 463.5 79.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 69.39999999999998 m 463.5 69.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 67.39999999999998 m 463.5 67.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 79.39999999999998 m 530.5 79.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 69.39999999999998 m 530.5 69.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 67.39999999999998 m 530.5 67.39999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.45 185.48 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.50 172.63 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 172.63 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.60 160.48 Td (Type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.00 160.48 Td (Balance Sheet Classification) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.85 160.48 Td (OTTI Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 148.35 Td (CLOs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.00 148.35 Td (Fixed maturities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 148.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 148.35 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.00 148.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 148.35 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 137.35 Td (Preferred equity \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.00 137.35 Td (Equity securities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 137.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 137.35 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 126.35 Td (Participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.00 126.35 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 126.35 Td (24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 126.35 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 115.35 Td (OTTI, gross of reinsurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 115.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 115.35 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.00 115.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 115.35 Td (24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 104.35 Td (CLOs \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.00 104.35 Td (Fixed maturities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.60 104.35 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 104.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 104.35 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 104.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 93.35 Td (Preferred equity \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.00 93.35 Td (Equity securities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 93.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 93.35 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 93.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 82.35 Td (Participations \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.00 82.35 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.60 82.35 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 82.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 82.35 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 82.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 71.35 Td (OTTI, net of reinsurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 71.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 71.35 Td (33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.00 71.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 71.35 Td (13) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 57.30 Td (\(a\) Preferred equity and a portion of the CLOs and participations are included in the FSRCI funds withheld portfolio, accordingly all ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 47.70 Td (income and losses on these assets are ceded to FSRCI.) Tj ET Q endstream endobj 265 0 obj <>] /Rotate 0 /Contents 266 0 R>> endobj 266 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.50 742.10 Td (CLO ) Tj ET Q q 0 0 0 rg BT 142.44 742.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 167.16 742.10 Td (above ) Tj ET Q q 0 0 0 rg BT 192.99 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 222.14 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.86 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.25 742.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 269.07 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.80 742.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 317.96 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.23 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.40 742.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 369.34 742.10 Td (tranche ) Tj ET Q q 0 0 0 rg BT 400.71 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.99 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.16 742.10 Td (Salus ) Tj ET Q q 0 0 0 rg BT 448.78 742.10 Td (CLOs ) Tj ET Q q 0 0 0 rg BT 474.62 742.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 511.56 742.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.26 730.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 123.50 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.10 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.14 730.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 184.50 730.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 221.30 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.45 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.71 730.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 256.75 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.36 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.40 730.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 325.55 730.10 Td (CLO ) Tj ET Q q 0 0 0 rg BT 347.37 730.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 386.56 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 403.93 730.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 442.39 730.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 469.21 730.10 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 493.80 730.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (related ) Tj ET Q q 0 0 0 rg BT 111.39 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.35 718.10 Td (business ) Tj ET Q q 0 0 0 rg BT 159.42 718.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 213.70 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 224.10 718.10 Td (Salus ) Tj ET Q q 0 0 0 rg BT 248.95 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 276.58 718.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 321.97 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.37 718.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 357.77 718.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 404.83 718.10 Td (function ) Tj ET Q q 0 0 0 rg BT 441.34 718.10 Td (lowering ) Tj ET Q q 0 0 0 rg BT 480.07 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.47 718.10 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (future ) Tj ET Q q 0 0 0 rg BT 107.38 706.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 122.08 706.10 Td (income ) Tj ET Q q 0 0 0 rg BT 154.02 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.30 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 176.23 706.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 205.38 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 217.88 706.10 Td (Salus.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 687.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 131.24 687.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 152.81 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.29 687.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 189.50 687.10 Td (14. ) Tj ET Q q 0 0 0 rg BT 204.70 687.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 237.94 687.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 261.55 687.10 Td (T) Tj ET Q q 0 0 0 rg BT 267.31 687.10 Td (ransactions" ) Tj ET Q q 0 0 0 rg BT 319.07 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.55 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.47 687.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 391.74 687.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 447.21 687.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 487.12 687.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (for ) Tj ET Q q 0 0 0 rg BT 95.16 675.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 119.87 675.10 Td (on ) Tj ET Q q 0 0 0 rg BT 132.37 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.09 675.10 Td (HGI ) Tj ET Q q 0 0 0 rg BT 167.36 675.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 186.06 675.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 198.56 675.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 238.81 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.64 675.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 273.25 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.53 675.10 Td (2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 656.10 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 134.05 656.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 176.55 656.10 Td (Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 638.10 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 161.22 638.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 202.78 638.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 227.68 638.10 Td (\("CMLs"\) ) Tj ET Q q 0 0 0 rg BT 271.85 638.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 321.73 638.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.28 638.10 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.61 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.40 638.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.63 638.10 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.96 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.75 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.87 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.88 638.10 Td (Company) Tj ET Q q 0 0 0 rg BT 505.55 638.10 Td (s ) Tj ET Q q 0 0 0 rg BT 513.23 638.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 626.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 132.61 626.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.77 626.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.94 626.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 218.54 626.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.54 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.37 626.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.65 626.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 322.25 626.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.25 626.10 Td (, ) Tj ET Q q 0 0 0 rg BT 348.58 626.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 396.24 626.10 Td (. ) Tj ET Q q 0 0 0 rg BT 402.30 626.10 Td (The ) Tj ET Q q 0 0 0 rg BT 421.68 626.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 464.41 626.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 505.45 626.10 Td (makes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 614.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 120.37 614.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 143.08 614.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.69 614.10 Td (income ) Tj ET Q q 0 0 0 rg BT 185.73 614.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 227.88 614.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 269.47 614.10 Td (including ) Tj ET Q q 0 0 0 rg BT 308.85 614.10 Td (hotels, ) Tj ET Q q 0 0 0 rg BT 336.84 614.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 376.22 614.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 420.31 614.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 442.46 614.10 Td (buildings, ) Tj ET Q q 0 0 0 rg BT 483.79 614.10 Td (multifamily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 602.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 124.04 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.54 602.10 Td (of) Tj ET Q q 0 0 0 rg BT 149.69 602.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 167.74 602.10 Td (buildings. ) Tj ET Q q 0 0 0 rg BT 210.30 602.10 Td (The ) Tj ET Q q 0 0 0 rg BT 228.91 602.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 270.85 602.10 Td (diversifies ) Tj ET Q q 0 0 0 rg BT 315.57 602.10 Td (its ) Tj ET Q q 0 0 0 rg BT 328.07 602.10 Td (CML) Tj ET Q q 0 0 0 rg BT 349.37 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.43 602.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 390.49 602.10 Td (by ) Tj ET Q q 0 0 0 rg BT 403.54 602.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 451.03 602.10 Td (region ) Tj ET Q q 0 0 0 rg BT 479.63 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.13 602.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 590.10 Td (type ) Tj ET Q q 0 0 0 rg BT 99.85 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.26 590.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 140.89 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.30 590.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 178.58 590.10 Td (concentration ) Tj ET Q q 0 0 0 rg BT 234.64 590.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 253.77 590.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 301.51 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.93 590.10 Td (origination, ) Tj ET Q q 0 0 0 rg BT 358.94 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.80 590.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 413.32 590.10 Td (continuously ) Tj ET Q q 0 0 0 rg BT 466.62 590.10 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 505.45 590.10 Td (CMLs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 578.10 Td (based ) Tj ET Q q 0 0 0 rg BT 106.45 578.10 Td (on ) Tj ET Q q 0 0 0 rg BT 119.14 578.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 154.03 578.10 Td (current ) Tj ET Q q 0 0 0 rg BT 185.03 578.10 Td (information ) Tj ET Q q 0 0 0 rg BT 234.93 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.39 578.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 274.17 578.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 316.84 578.10 Td (are ) Tj ET Q q 0 0 0 rg BT 331.74 578.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 379.41 578.10 Td (at ) Tj ET Q q 0 0 0 rg BT 389.31 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.43 578.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 439.12 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.24 578.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 501.11 578.10 Td (level ) Tj ET Q q 0 0 0 rg BT 523.23 578.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 566.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 108.66 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.99 566.10 Td (related ) Tj ET Q q 0 0 0 rg BT 152.31 566.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 174.00 566.10 Td (The ) Tj ET Q q 0 0 0 rg BT 191.66 566.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 239.89 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.34 566.10 Td (CMLs, ) Tj ET Q q 0 0 0 rg BT 280.52 566.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 303.76 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.21 566.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 353.54 566.10 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 402.58 566.10 Td (by ) Tj ET Q q 0 0 0 rg BT 414.70 566.10 Td (property ) Tj ET Q q 0 0 0 rg BT 450.70 566.10 Td (type ) Tj ET Q q 0 0 0 rg BT 470.03 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.59 566.10 Td (geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 554.10 Td (region ) Tj ET Q q 0 0 0 rg BT 109.05 554.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.22 554.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 155.69 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.97 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.68 554.10 Td (following ) Tj ET Q q 0 0 0 rg BT 222.07 554.10 Td (tables:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 495.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 495.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 495.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 495.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 495.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 495.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 495.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 495.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 469.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 469.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 469.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 469.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 469.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 443.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 443.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 443.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 443.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 443.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 417.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 417.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 417.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 417.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 417.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 417.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 417.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 417.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 391.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 391.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 391.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 391.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 391.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 391.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 391.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 391.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 365.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 365.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 365.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 365.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 365.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 365.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 365.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 365.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 339.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 339.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 339.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 339.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 339.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 339.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 339.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 339.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 313.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 313.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 313.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 313.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 313.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 313.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 313.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 313.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 287.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 287.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 287.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 287.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 287.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 287.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 287.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 287.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 261.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 261.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 261.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 261.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 261.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 261.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 261.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 261.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 235.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 235.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 235.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 235.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 235.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 235.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 235.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 235.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 209.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 209.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 209.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 209.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 209.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 209.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 209.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 209.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 183.60 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 183.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 183.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 183.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 183.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 183.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 183.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 183.60 37.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 524.6 m 406.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 524.6 m 410.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 524.6 m 446.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 524.6 m 490.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 524.6 m 494.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 524.6 m 531.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 524.6 m 406.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 495.6 m 406.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 524.6 m 410.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 524.6 m 446.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 495.6 m 446.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 524.6 m 490.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 495.6 m 490.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 524.6 m 494.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 524.6 m 531.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 495.6 m 531.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 495.6 m 406.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 495.6 m 446.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 495.6 m 490.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 495.6 m 531.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 391.6 m 406.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 391.6 m 446.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 379.6 m 446.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 377.6 m 446.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 391.6 m 490.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 391.6 m 531.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 379.6 m 531.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 377.6 m 531.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 365.6 m 406.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 365.6 m 490.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 365.6 m 406.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 353.6 m 406.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 351.6 m 406.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 365.6 m 490.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 353.6 m 490.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 351.6 m 490.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 209.60000000000002 m 406.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 209.60000000000002 m 446.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 209.60000000000002 m 490.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 209.60000000000002 m 531.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 209.60000000000002 m 406.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 209.60000000000002 m 446.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 197.60000000000002 m 446.5 197.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 195.60000000000002 m 446.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 209.60000000000002 m 490.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 209.60000000000002 m 531.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 197.60000000000002 m 531.5 197.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 195.60000000000002 m 531.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 183.60000000000002 m 406.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 183.60000000000002 m 490.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 183.60000000000002 m 406.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 171.60000000000002 m 406.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 169.60000000000002 m 406.5 169.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 183.60000000000002 m 490.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 171.60000000000002 m 490.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 169.60000000000002 m 490.5 169.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.10 528.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.10 528.83 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.55 515.83 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.70 507.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.85 499.83 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.65 507.83 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.25 499.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.05 515.83 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.20 507.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.35 499.83 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.15 507.83 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.75 499.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 486.83 Td (Property Type:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 473.85 Td (Funeral Home) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 473.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 473.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 473.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 473.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 473.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.30 473.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.65 473.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 473.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 460.85 Td (Hotel) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 460.85 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.65 460.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 460.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 460.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.65 460.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 460.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 447.85 Td (Industrial - General) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 447.85 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 447.85 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 447.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 447.85 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.65 447.85 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 447.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 434.85 Td (Industrial - ) Tj ET Q q 0 0 0 rg BT 127.18 434.85 Td (W) Tj ET Q q 0 0 0 rg BT 134.09 434.85 Td (arehouse) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 434.85 Td (64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 434.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 434.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 434.85 Td (76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.65 434.85 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 434.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 421.85 Td (Multifamily) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 421.85 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 421.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 421.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 421.85 Td (64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.65 421.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 421.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 408.85 Td (Of) Tj ET Q q 0 0 0 rg BT 98.30 408.85 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.25 408.85 Td (160) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 408.85 Td (27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 408.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 408.85 Td (137) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.65 408.85 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 408.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 395.85 Td (Retail) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.25 395.85 Td (220) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 395.85 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 395.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 395.85 Td (163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.65 395.85 Td (33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 395.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.00 382.83 Td (Total commercial mortgage loans, gross of valuation allowance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 382.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.25 382.85 Td (596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.60 382.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 382.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 382.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 382.85 Td (492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.60 382.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 382.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 114.00 369.85 Td (Allowance for loan loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 369.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 369.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.60 369.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 369.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.00 356.83 Td (Total commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.25 356.85 Td (595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 356.85 Td (491) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 330.83 Td (U.S. Region:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 317.85 Td (East North Central) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 317.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.25 317.85 Td (137) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 317.85 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 317.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 317.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 317.85 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.65 317.85 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 317.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 304.85 Td (East South Central) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 304.85 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.65 304.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 304.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 304.85 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.65 304.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 304.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 291.85 Td (Middle ) Tj ET Q q 0 0 0 rg BT 114.67 291.85 Td (Atlantic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 291.85 Td (97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 291.85 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 291.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 291.85 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.65 291.85 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 291.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 278.85 Td (Mountain) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 278.85 Td (67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 278.85 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 278.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 278.85 Td (42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.65 278.85 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 278.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 265.85 Td (New England) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 265.85 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.65 265.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 265.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.30 265.85 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.65 265.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 265.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 252.85 Td (Pacific) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.25 252.85 Td (136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 252.85 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 252.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 252.85 Td (113) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.65 252.85 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 252.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 239.85 Td (South ) Tj ET Q q 0 0 0 rg BT 110.23 239.85 Td (Atlantic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 239.85 Td (67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.65 239.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 239.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 239.85 Td (69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.65 239.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 239.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 226.85 Td (W) Tj ET Q q 0 0 0 rg BT 96.91 226.85 Td (est North Central) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 226.85 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.65 226.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 226.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 226.85 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.65 226.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 226.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 213.85 Td (W) Tj ET Q q 0 0 0 rg BT 96.91 213.85 Td (est South Central) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 213.85 Td (43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.65 213.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 213.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 213.85 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.65 213.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 213.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.00 200.83 Td (Total commercial mortgage loans, gross of valuation allowance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 200.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.25 200.85 Td (596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.60 200.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.25 200.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 200.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 200.85 Td (492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.60 200.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 200.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 114.00 187.85 Td (Allowance for loan loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 187.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 187.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.60 187.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 187.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.00 174.83 Td (Total commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 174.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.25 174.85 Td (595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 174.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 174.85 Td (491) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 153.10 Td (W) Tj ET Q q 0 0 0 rg BT 117.04 153.10 Td (ithin ) Tj ET Q q 0 0 0 rg BT 138.40 153.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.64 153.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 201.25 153.10 Td (CML) Tj ET Q q 0 0 0 rg BT 222.55 153.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.57 153.10 Td (portfolio, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.10 153.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.43 153.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.45 153.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.81 153.10 Td (all ) Tj ET Q q 0 0 0 rg BT 316.83 153.10 Td (CMLs ) Tj ET Q q 0 0 0 rg BT 345.42 153.10 Td (had ) Tj ET Q q 0 0 0 rg BT 362.88 153.10 Td (a ) Tj ET Q q 0 0 0 rg BT 370.35 153.10 Td (loan-to-value ) Tj ET Q q 0 0 0 rg BT 426.68 153.10 Td (\("L) Tj ET Q q 0 0 0 rg BT 439.29 153.10 Td (TV"\) ) Tj ET Q q 0 0 0 rg BT 463.06 153.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 484.41 153.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.76 153.10 Td (less ) Tj ET Q q 0 0 0 rg BT 513.79 153.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 141.10 Td (75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.33 141.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.34 141.10 Td (at ) Tj ET Q q 0 0 0 rg BT 110.58 141.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 149.80 141.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.03 141.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 218.81 141.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.81 141.10 Td ( ) Tj ET Q q 0 0 0 rg BT 240.82 141.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.28 141.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 317.05 141.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.05 141.10 Td (. ) Tj ET Q q 0 0 0 rg BT 341.12 141.10 Td (As ) Tj ET Q q 0 0 0 rg BT 354.25 141.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.60 141.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 424.37 141.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.37 141.10 Td (, ) Tj ET Q q 0 0 0 rg BT 448.89 141.10 Td (all ) Tj ET Q q 0 0 0 rg BT 460.90 141.10 Td (CMLs ) Tj ET Q q 0 0 0 rg BT 488.47 141.10 Td (are ) Tj ET Q q 0 0 0 rg BT 502.69 141.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 129.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 129.10 Td (have ) Tj ET Q q 0 0 0 rg BT 119.32 129.10 Td (not ) Tj ET Q q 0 0 0 rg BT 134.59 129.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 185.39 129.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 210.66 129.10 Td (or ) Tj ET Q q 0 0 0 rg BT 221.49 129.10 Td (other ) Tj ET Q q 0 0 0 rg BT 244.54 129.10 Td (events ) Tj ET Q q 0 0 0 rg BT 272.58 129.10 Td (which ) Tj ET Q q 0 0 0 rg BT 299.52 129.10 Td (would ) Tj ET Q q 0 0 0 rg BT 327.02 129.10 Td (require ) Tj ET Q q 0 0 0 rg BT 357.84 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.55 129.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 413.37 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.20 129.10 Td (an ) Tj ET Q q 0 0 0 rg BT 436.14 129.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 484.74 129.10 Td (loss. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 111.10 Td (L) Tj ET Q q 0 0 0 rg BT 113.19 111.10 Td (TV) Tj ET Q q 0 0 0 rg BT 126.34 111.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.84 111.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.77 111.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 165.48 111.10 Td (service ) Tj ET Q q 0 0 0 rg BT 196.30 111.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 234.88 111.10 Td (\("DSC"\) ) Tj ET Q q 0 0 0 rg BT 271.65 111.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 296.36 111.10 Td (are ) Tj ET Q q 0 0 0 rg BT 311.07 111.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 350.77 111.10 Td (commonly ) Tj ET Q q 0 0 0 rg BT 396.04 111.10 Td (used ) Tj ET Q q 0 0 0 rg BT 416.87 111.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.14 111.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 454.08 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.80 111.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 486.29 111.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.23 111.10 Td (quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 99.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.67 99.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 131.78 99.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 157.56 99.10 Td (The ) Tj ET Q q 0 0 0 rg BT 175.44 99.10 Td (L) Tj ET Q q 0 0 0 rg BT 180.64 99.10 Td (TV) Tj ET Q q 0 0 0 rg BT 193.78 99.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.13 99.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 219.29 99.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 262.16 99.10 Td (at ) Tj ET Q q 0 0 0 rg BT 271.72 99.10 Td (time ) Tj ET Q q 0 0 0 rg BT 291.83 99.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.51 99.10 Td (origination, ) Tj ET Q q 0 0 0 rg BT 351.23 99.10 Td (is ) Tj ET Q q 0 0 0 rg BT 360.24 99.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 402.01 99.10 Td (as ) Tj ET Q q 0 0 0 rg BT 412.68 99.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.46 99.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 465.10 99.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.77 99.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.33 99.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 522.67 99.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.66 87.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 115.32 87.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 147.74 87.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.96 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.62 87.10 Td (value ) Tj ET Q q 0 0 0 rg BT 196.71 87.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.48 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.14 87.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 267.91 87.10 Td (property) Tj ET Q q 0 0 0 rg BT 301.14 87.10 Td (. ) Tj ET Q q 0 0 0 rg BT 305.54 87.10 Td (A) Tj ET Q q 0 0 0 rg BT 312.21 87.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.65 87.10 Td (L) Tj ET Q q 0 0 0 rg BT 319.84 87.10 Td (TV) Tj ET Q q 0 0 0 rg BT 332.99 87.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.43 87.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 356.20 87.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.42 87.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 394.96 87.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.73 87.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.06 87.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.50 87.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 469.48 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.14 87.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 513.80 87.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 75.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 115.43 75.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 151.52 75.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.17 75.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 215.94 75.10 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 259.75 75.10 Td (The ) Tj ET Q q 0 0 0 rg BT 279.74 75.10 Td (DSC ) Tj ET Q q 0 0 0 rg BT 303.63 75.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 328.89 75.10 Td (based ) Tj ET Q q 0 0 0 rg BT 356.10 75.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 380.54 75.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.19 75.10 Td (most ) Tj ET Q q 0 0 0 rg BT 421.08 75.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 457.72 75.10 Td (received ) Tj ET Q q 0 0 0 rg BT 496.02 75.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 63.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 128.23 63.10 Td (is ) Tj ET Q q 0 0 0 rg BT 137.43 63.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 179.38 63.10 Td (as ) Tj ET Q q 0 0 0 rg BT 190.23 63.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.19 63.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 243.01 63.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.86 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.60 63.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 301.12 63.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.97 63.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.93 63.10 Td (property) Tj ET Q q 0 0 0 rg BT 355.59 63.10 Td (s ) Tj ET Q q 0 0 0 rg BT 362.00 63.10 Td (net ) Tj ET Q q 0 0 0 rg BT 376.74 63.10 Td (income ) Tj ET Q q 0 0 0 rg BT 408.70 63.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.00 63.10 Td (its ) Tj ET Q q 0 0 0 rg BT 430.97 63.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 450.70 63.10 Td (service ) Tj ET Q q 0 0 0 rg BT 481.54 63.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 524.33 63.10 Td (A) Tj ET Q q 0 0 0 rg BT 531.00 63.10 Td ( ) Tj ET Q endstream endobj 267 0 obj <>] /Rotate 0 /Contents 268 0 R>> endobj 268 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (DSC ) Tj ET Q q 0 0 0 rg BT 103.02 742.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 123.91 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.80 742.10 Td (less ) Tj ET Q q 0 0 0 rg BT 152.36 742.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.14 742.10 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.64 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.21 742.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 230.31 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.87 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.87 742.10 Td (property) Tj ET Q q 0 0 0 rg BT 291.53 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 297.98 742.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 342.20 742.10 Td (do ) Tj ET Q q 0 0 0 rg BT 354.76 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 370.11 742.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 406.53 742.10 Td (suf) Tj ET Q q 0 0 0 rg BT 418.57 742.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 446.68 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 478.68 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.02 742.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 513.79 742.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 712.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.31 712.10 Td (following ) Tj ET Q q 0 0 0 rg BT 169.96 712.10 Td (table ) Tj ET Q q 0 0 0 rg BT 193.15 712.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 229.68 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.66 712.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 284.40 712.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 332.04 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.58 712.10 Td (CMLs ) Tj ET Q q 0 0 0 rg BT 372.91 712.10 Td (by ) Tj ET Q q 0 0 0 rg BT 386.67 712.10 Td (L) Tj ET Q q 0 0 0 rg BT 391.86 712.10 Td (TV) Tj ET Q q 0 0 0 rg BT 405.01 712.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.77 712.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.97 712.10 Td (DSC ) Tj ET Q q 0 0 0 rg BT 450.18 712.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 472.27 712.10 Td (categories ) Tj ET Q q 0 0 0 rg BT 516.56 712.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 700.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 121.82 700.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 138.20 700.10 Td (value ) Tj ET Q q 0 0 0 rg BT 162.35 700.10 Td (by ) Tj ET Q q 0 0 0 rg BT 174.85 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.57 700.10 Td (indicated ) Tj ET Q q 0 0 0 rg BT 228.72 700.10 Td (loan-to-value ) Tj ET Q q 0 0 0 rg BT 284.53 700.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 309.25 700.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.96 700.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 379.23 700.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.23 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.73 700.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.67 700.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 478.93 700.10 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.93 700.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 636.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 636.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 636.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 636.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 636.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 636.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 636.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 636.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 636.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 636.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 636.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 636.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 636.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 636.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 610.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 610.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 610.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 610.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 610.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 610.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 610.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 610.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 610.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 610.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 610.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 610.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 610.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 610.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 584.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 584.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 584.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 584.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 584.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 584.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 584.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 584.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 584.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 584.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 584.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 584.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 584.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 584.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 558.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 558.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 558.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 558.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 558.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 558.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 558.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 558.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 532.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 532.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 532.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 532.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 532.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 532.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 532.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 532.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 506.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 506.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 506.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 506.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 506.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 506.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 506.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 506.60 37.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 683.6 m 276.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 654.6 m 276.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 683.6 m 280.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 683.6 m 317.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 654.6 m 317.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 683.6 m 321.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 654.6 m 321.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 683.6 m 358.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 654.6 m 358.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 683.6 m 362.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 683.6 m 399.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 683.6 m 403.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 683.6 m 440.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 683.6 m 444.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 683.6 m 489.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 683.6 m 493.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 683.6 m 530.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 654.6 m 276.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 636.6 m 276.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 654.6 m 280.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 654.6 m 317.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 636.6 m 317.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 654.6 m 321.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 654.6 m 358.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 636.6 m 358.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 636.6 m 399.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 636.6 m 440.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 636.6 m 489.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 636.6 m 530.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 636.6 m 276.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 571.6 m 276.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 571.6 m 317.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 571.6 m 358.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 571.6 m 440.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 571.6 m 489.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 571.6 m 530.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 571.6 m 276.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 559.6 m 276.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 557.6 m 276.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 571.6 m 317.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 559.6 m 317.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 557.6 m 317.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 571.6 m 358.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 559.6 m 358.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 557.6 m 358.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 571.6 m 399.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 559.6 m 399.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 557.6 m 399.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 571.6 m 440.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 559.6 m 440.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 557.6 m 440.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 571.6 m 489.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 559.6 m 489.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 557.6 m 489.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 571.6 m 530.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 559.6 m 530.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 557.6 m 530.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 493.6 m 276.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 493.6 m 317.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 493.6 m 358.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 493.6 m 440.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 493.6 m 489.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 493.6 m 530.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 493.6 m 276.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 481.6 m 276.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 479.6 m 276.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 493.6 m 317.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 481.6 m 317.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 479.6 m 317.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 493.6 m 358.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 481.6 m 358.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 479.6 m 358.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 493.6 m 399.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 481.6 m 399.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 479.6 m 399.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 493.6 m 440.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 481.6 m 440.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 479.6 m 440.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 493.6 m 489.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 481.6 m 489.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 479.6 m 489.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 493.6 m 530.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 481.6 m 530.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 479.6 m 530.5 479.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.40 658.83 Td (Debt-Service Coverage Ratios) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.75 662.28 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.45 654.28 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.15 662.28 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.75 654.28 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.15 662.28 Td (Estimated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.65 654.28 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.15 662.28 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.75 654.28 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.20 640.83 Td (>1.25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.15 646.68 Td (1.00 -) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.50 638.73 Td (1.25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.90 640.83 Td (N/A\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 627.83 Td (September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 614.85 Td (LTV Ratios:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 601.85 Td (Less than 50%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 601.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.65 601.85 Td (158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.00 601.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.65 601.85 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 601.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.65 601.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.00 601.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.65 601.85 Td (177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.65 601.85 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 601.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 601.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.65 601.85 Td (181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.65 601.85 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 601.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 588.85 Td (50% to 60%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.65 588.85 Td (189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.65 588.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.65 588.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.65 588.85 Td (189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.65 588.85 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 588.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.65 588.85 Td (194) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.65 588.85 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 588.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 575.85 Td (60% to 75%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.65 575.85 Td (230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.65 575.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.65 575.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.65 575.85 Td (230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.65 575.85 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 575.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.65 575.85 Td (239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.65 575.85 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 575.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 562.85 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 562.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.65 562.85 Td (577) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.00 562.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.65 562.85 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 562.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.65 562.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.00 562.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.65 562.85 Td (596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.60 562.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 562.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 562.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.65 562.85 Td (614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.60 562.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 562.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 549.83 Td (September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 536.85 Td (LTV Ratios:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 523.85 Td (Less than 50%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 523.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.65 523.85 Td (115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.00 523.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.65 523.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 523.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.65 523.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.00 523.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.65 523.85 Td (126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.65 523.85 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 523.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 523.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.65 523.85 Td (125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.65 523.85 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 523.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 510.85 Td (50% to 60%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.65 510.85 Td (161) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.65 510.85 Td (20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.65 510.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.65 510.85 Td (181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.65 510.85 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 510.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.65 510.85 Td (180) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.65 510.85 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 510.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 497.85 Td (60% to 75%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.65 497.85 Td (185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.65 497.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.65 497.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.65 497.85 Td (185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.65 497.85 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 497.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.65 497.85 Td (185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.65 497.85 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 497.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 484.85 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 484.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.65 484.85 Td (461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.00 484.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.65 484.85 Td (20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 484.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.65 484.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.00 484.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.65 484.85 Td (492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.60 484.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 484.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 484.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.65 484.85 Td (490) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.60 484.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 484.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 465.50 Td (\(a\) N/A) Tj ET Q q 0 0 0 rg BT 105.21 465.50 Td ( - Current DSC ratio not available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 444.50 Td (W) Tj ET Q q 0 0 0 rg BT 111.64 444.50 Td (e ) Tj ET Q q 0 0 0 rg BT 118.37 444.50 Td (establish ) Tj ET Q q 0 0 0 rg BT 155.66 444.50 Td (a ) Tj ET Q q 0 0 0 rg BT 162.39 444.50 Td (general ) Tj ET Q q 0 0 0 rg BT 194.11 444.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 234.17 444.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 253.68 444.50 Td (allowance ) Tj ET Q q 0 0 0 rg BT 296.51 444.50 Td (based ) Tj ET Q q 0 0 0 rg BT 321.57 444.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 343.87 444.50 Td (the ) Tj ET Q q 0 0 0 rg BT 358.38 444.50 Td (underlying ) Tj ET Q q 0 0 0 rg BT 404.00 444.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 421.30 444.50 Td (and ) Tj ET Q q 0 0 0 rg BT 438.03 444.50 Td (quality ) Tj ET Q q 0 0 0 rg BT 468.10 444.50 Td (of ) Tj ET Q q 0 0 0 rg BT 478.72 444.50 Td (the ) Tj ET Q q 0 0 0 rg BT 493.23 444.50 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 100.33 432.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 137.45 432.50 Td (using ) Tj ET Q q 0 0 0 rg BT 161.23 432.50 Td (DSC ) Tj ET Q q 0 0 0 rg BT 182.80 432.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 203.24 432.50 Td (and ) Tj ET Q q 0 0 0 rg BT 219.80 432.50 Td (L) Tj ET Q q 0 0 0 rg BT 224.99 432.50 Td (TV) Tj ET Q q 0 0 0 rg BT 238.14 432.50 Td ( ) Tj ET Q q 0 0 0 rg BT 240.26 432.50 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 263.20 432.50 Td ( ) Tj ET Q q 0 0 0 rg BT 264.85 432.50 Td (A) Tj ET Q q 0 0 0 rg BT 271.52 432.50 Td ( ) Tj ET Q q 0 0 0 rg BT 273.63 432.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 301.30 432.50 Td (L) Tj ET Q q 0 0 0 rg BT 306.49 432.50 Td (TV) Tj ET Q q 0 0 0 rg BT 319.64 432.50 Td ( ) Tj ET Q q 0 0 0 rg BT 321.75 432.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 342.20 432.50 Td (will ) Tj ET Q q 0 0 0 rg BT 359.87 432.50 Td (result ) Tj ET Q q 0 0 0 rg BT 384.20 432.50 Td (in ) Tj ET Q q 0 0 0 rg BT 394.10 432.50 Td (a ) Tj ET Q q 0 0 0 rg BT 400.65 432.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 428.32 432.50 Td (allowance. ) Tj ET Q q 0 0 0 rg BT 473.46 432.50 Td ( ) Tj ET Q q 0 0 0 rg BT 475.11 432.50 Td (A) Tj ET Q q 0 0 0 rg BT 481.78 432.50 Td ( ) Tj ET Q q 0 0 0 rg BT 483.90 432.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 511.56 432.50 Td (DSC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 420.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 101.93 420.50 Td (will ) Tj ET Q q 0 0 0 rg BT 120.09 420.50 Td (result ) Tj ET Q q 0 0 0 rg BT 144.91 420.50 Td (in ) Tj ET Q q 0 0 0 rg BT 155.29 420.50 Td (a ) Tj ET Q q 0 0 0 rg BT 162.34 420.50 Td (lower ) Tj ET Q q 0 0 0 rg BT 187.71 420.50 Td (allowance. ) Tj ET Q q 0 0 0 rg BT 233.34 420.50 Td ( ) Tj ET Q q 0 0 0 rg BT 235.76 420.50 Td (W) Tj ET Q q 0 0 0 rg BT 244.40 420.50 Td (e ) Tj ET Q q 0 0 0 rg BT 251.44 420.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 282.92 420.50 Td (that ) Tj ET Q q 0 0 0 rg BT 300.52 420.50 Td (the ) Tj ET Q q 0 0 0 rg BT 315.34 420.50 Td (DSC ) Tj ET Q q 0 0 0 rg BT 337.39 420.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 358.32 420.50 Td (is ) Tj ET Q q 0 0 0 rg BT 367.60 420.50 Td (an ) Tj ET Q q 0 0 0 rg BT 379.64 420.50 Td (indicator ) Tj ET Q q 0 0 0 rg BT 417.78 420.50 Td (of ) Tj ET Q q 0 0 0 rg BT 428.72 420.50 Td (default ) Tj ET Q q 0 0 0 rg BT 459.09 420.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 476.69 420.50 Td (on ) Tj ET Q q 0 0 0 rg BT 489.29 420.50 Td (loans. ) Tj ET Q q 0 0 0 rg BT 515.51 420.50 Td ( ) Tj ET Q q 0 0 0 rg BT 517.92 420.50 Td (W) Tj ET Q q 0 0 0 rg BT 526.56 420.50 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 112.37 408.50 Td (that ) Tj ET Q q 0 0 0 rg BT 129.87 408.50 Td (the ) Tj ET Q q 0 0 0 rg BT 144.58 408.50 Td (L) Tj ET Q q 0 0 0 rg BT 149.77 408.50 Td (TV) Tj ET Q q 0 0 0 rg BT 162.92 408.50 Td ( ) Tj ET Q q 0 0 0 rg BT 165.42 408.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 186.25 408.50 Td (is ) Tj ET Q q 0 0 0 rg BT 195.42 408.50 Td (an ) Tj ET Q q 0 0 0 rg BT 207.36 408.50 Td (indicator ) Tj ET Q q 0 0 0 rg BT 245.40 408.50 Td (of ) Tj ET Q q 0 0 0 rg BT 256.23 408.50 Td (the ) Tj ET Q q 0 0 0 rg BT 270.95 408.50 Td (principal ) Tj ET Q q 0 0 0 rg BT 308.99 408.50 Td (recovery ) Tj ET Q q 0 0 0 rg BT 346.46 408.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 363.96 408.50 Td (for ) Tj ET Q q 0 0 0 rg BT 378.12 408.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 401.73 408.50 Td (that ) Tj ET Q q 0 0 0 rg BT 419.23 408.50 Td (default. ) Tj ET Q q 0 0 0 rg BT 451.99 408.50 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 378.00 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 378.00 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 378.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 378.00 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 352.00 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 352.00 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 352.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 352.00 59.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 378 m 467.5 378 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 378 m 530.5 378 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 378 m 467.5 378 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 378 m 530.5 378 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 352 m 467.5 352 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 340 m 467.5 340 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 338 m 467.5 338 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 352 m 530.5 352 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 340 m 530.5 340 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 338 m 530.5 338 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.10 390.08 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.50 382.08 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 390.08 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.50 382.08 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 369.25 Td (Gross balance commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 369.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 369.25 Td (596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.00 369.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 369.25 Td (492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 356.25 Td (Allowance for loan loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.60 356.25 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 356.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 356.25 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 356.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 343.25 Td (Net balance commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 343.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 343.25 Td (595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.00 343.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 343.25 Td (491) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 319.80 Td (The ) Tj ET Q q 0 0 0 rg BT 121.13 319.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.10 319.80 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 206.94 319.80 Td (a ) Tj ET Q q 0 0 0 rg BT 213.46 319.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 253.31 319.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 272.61 319.80 Td (as ) Tj ET Q q 0 0 0 rg BT 283.02 319.80 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 327.32 319.80 Td (when ) Tj ET Q q 0 0 0 rg BT 351.06 319.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 391.47 319.80 Td (on ) Tj ET Q q 0 0 0 rg BT 403.56 319.80 Td (the ) Tj ET Q q 0 0 0 rg BT 417.86 319.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 437.16 319.80 Td (are ) Tj ET Q q 0 0 0 rg BT 451.45 319.80 Td (greater ) Tj ET Q q 0 0 0 rg BT 481.29 319.80 Td (than ) Tj ET Q q 0 0 0 rg BT 500.59 319.80 Td (30 ) Tj ET Q q 0 0 0 rg BT 512.67 319.80 Td (days ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 307.80 Td (past ) Tj ET Q q 0 0 0 rg BT 98.91 307.80 Td (due. ) Tj ET Q q 0 0 0 rg BT 117.26 307.80 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.06 307.80 Td (September30, ) Tj ET Q q 0 0 0 rg BT 188.63 307.80 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.63 307.80 Td ( ) Tj ET Q q 0 0 0 rg BT 210.43 307.80 Td (and ) Tj ET Q q 0 0 0 rg BT 226.67 307.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 250.97 307.80 Td (we ) Tj ET Q q 0 0 0 rg BT 264.44 307.80 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.68 307.80 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.68 307.80 Td ( ) Tj ET Q q 0 0 0 rg BT 292.48 307.80 Td (CMLs ) Tj ET Q q 0 0 0 rg BT 319.85 307.80 Td (that ) Tj ET Q q 0 0 0 rg BT 336.65 307.80 Td (were ) Tj ET Q q 0 0 0 rg BT 357.88 307.80 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 401.89 307.80 Td (in ) Tj ET Q q 0 0 0 rg BT 411.47 307.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 448.82 307.80 Td (or ) Tj ET Q q 0 0 0 rg BT 458.95 307.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 490.19 307.80 Td (payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 295.80 Td (The ) Tj ET Q q 0 0 0 rg BT 99.05 295.80 Td (following ) Tj ET Q q 0 0 0 rg BT 140.43 295.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 177.37 295.80 Td (the ) Tj ET Q q 0 0 0 rg BT 192.09 295.80 Td (current ) Tj ET Q q 0 0 0 rg BT 222.90 295.80 Td (and ) Tj ET Q q 0 0 0 rg BT 239.84 295.80 Td (past ) Tj ET Q q 0 0 0 rg BT 258.45 295.80 Td (due ) Tj ET Q q 0 0 0 rg BT 275.39 295.80 Td (composition ) Tj ET Q q 0 0 0 rg BT 327.33 295.80 Td (of ) Tj ET Q q 0 0 0 rg BT 338.16 295.80 Td (our ) Tj ET Q q 0 0 0 rg BT 353.99 295.80 Td (CMLs: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 259.30 332.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 259.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 259.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 259.30 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 233.30 332.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 233.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 233.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 233.30 55.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 259.29999999999995 m 472.5 259.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 259.29999999999995 m 531.5 259.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 259.29999999999995 m 472.5 259.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 259.29999999999995 m 531.5 259.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 233.29999999999995 m 472.5 233.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 221.29999999999995 m 472.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 219.29999999999995 m 472.5 219.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 233.29999999999995 m 531.5 233.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 221.29999999999995 m 531.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 219.29999999999995 m 531.5 219.29999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.10 271.38 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 263.38 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.10 271.38 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.50 263.38 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 250.55 Td (Current to 30 days) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 250.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 250.55 Td (596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.00 250.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 250.55 Td (492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 237.55 Td (Past due) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 237.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 237.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 224.55 Td (Total carrying value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 224.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 224.55 Td (596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.00 224.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 224.55 Td (492) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 269 0 obj <>] /Rotate 0 /Contents 270 0 R>> endobj 270 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 110.17 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.17 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 117.93 742.10 Td (roubled ) Tj ET Q q 0 0 0 rg BT 150.63 742.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 172.22 742.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 228.81 742.10 Td (\("TDR"\) ) Tj ET Q q 0 0 0 rg BT 265.79 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 274.62 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.21 742.10 Td (situation ) Tj ET Q q 0 0 0 rg BT 317.81 742.10 Td (where ) Tj ET Q q 0 0 0 rg BT 344.40 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 358.21 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 379.25 742.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 411.39 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.98 742.10 Td (concession ) Tj ET Q q 0 0 0 rg BT 464.01 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.95 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 480.54 742.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 519.35 742.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 122.40 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.26 730.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 155.22 730.10 Td (reasons ) Tj ET Q q 0 0 0 rg BT 187.74 730.10 Td (related ) Tj ET Q q 0 0 0 rg BT 217.47 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.78 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.53 730.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 287.40 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 324.91 730.10 Td (dif) Tj ET Q q 0 0 0 rg BT 335.84 730.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 370.58 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 388.10 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 402.29 730.10 Td (would ) Tj ET Q q 0 0 0 rg BT 429.82 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 445.13 730.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 486.54 730.10 Td (consider) Tj ET Q q 0 0 0 rg BT 519.86 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 524.33 730.10 Td (A) Tj ET Q q 0 0 0 rg BT 531.00 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 122.63 718.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 143.71 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 162.57 718.10 Td (has ) Tj ET Q q 0 0 0 rg BT 179.77 718.10 Td (been ) Tj ET Q q 0 0 0 rg BT 202.51 718.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 236.36 718.10 Td (new ) Tj ET Q q 0 0 0 rg BT 256.89 718.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 285.47 718.10 Td (including ) Tj ET Q q 0 0 0 rg BT 327.11 718.10 Td (workout ) Tj ET Q q 0 0 0 rg BT 364.31 718.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 390.39 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 402.58 718.10 Td (described ) Tj ET Q q 0 0 0 rg BT 444.77 718.10 Td (previously) Tj ET Q q 0 0 0 rg BT 486.33 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 492.70 718.10 Td (would ) Tj ET Q q 0 0 0 rg BT 521.56 718.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 126.44 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.84 706.10 Td (TDR ) Tj ET Q q 0 0 0 rg BT 154.96 706.10 Td (if ) Tj ET Q q 0 0 0 rg BT 163.19 706.10 Td (it ) Tj ET Q q 0 0 0 rg BT 170.87 706.10 Td (meets ) Tj ET Q q 0 0 0 rg BT 196.31 706.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 240.10 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 257.22 706.10 Td (would ) Tj ET Q q 0 0 0 rg BT 284.34 706.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 318.11 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.67 706.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 363.44 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 372.23 706.10 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 425.99 706.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.09 706.10 Td (dif) Tj ET Q q 0 0 0 rg BT 474.02 706.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 502.24 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.80 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.10 Td (new ) Tj ET Q q 0 0 0 rg BT 100.22 694.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 125.00 694.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 166.44 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.44 694.10 Td (concession ) Tj ET Q q 0 0 0 rg BT 219.88 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.44 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.33 694.10 Td (part. ) Tj ET Q q 0 0 0 rg BT 268.75 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 277.39 694.10 Td (e ) Tj ET Q q 0 0 0 rg BT 284.39 694.10 Td (analyze ) Tj ET Q q 0 0 0 rg BT 317.48 694.10 Td (all ) Tj ET Q q 0 0 0 rg BT 330.04 694.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 353.71 694.10 Td (where ) Tj ET Q q 0 0 0 rg BT 380.70 694.10 Td (we ) Tj ET Q q 0 0 0 rg BT 394.92 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 416.36 694.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 445.57 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.91 694.10 Td (workout ) Tj ET Q q 0 0 0 rg BT 491.80 694.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 516.57 694.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 682.10 Td (all ) Tj ET Q q 0 0 0 rg BT 93.98 682.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 118.07 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 136.05 682.10 Td (we ) Tj ET Q q 0 0 0 rg BT 150.69 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 172.55 682.10 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 217.72 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.48 682.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 271.45 682.10 Td (if ) Tj ET Q q 0 0 0 rg BT 280.54 682.10 Td (they ) Tj ET Q q 0 0 0 rg BT 300.74 682.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 323.15 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.35 682.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 380.22 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.53 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.73 682.10 Td (TDR. ) Tj ET Q q 0 0 0 rg BT 424.00 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 432.64 682.10 Td (e ) Tj ET Q q 0 0 0 rg BT 440.06 682.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 476.92 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.12 682.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 670.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 110.71 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.99 670.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 171.81 670.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 206.51 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 217.34 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 232.62 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.56 670.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 278.71 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 287.88 670.10 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 342.02 670.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.50 670.10 Td (dif) Tj ET Q q 0 0 0 rg BT 390.43 670.10 Td (ficulty:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 652.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 652.10 Td (borrower is in default,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 634.10 Td (borrower has declared bankruptcy) Tj ET Q q 0 0 0 rg BT 252.68 634.10 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 616.10 Td (there is growing concern about the borrower's ability to continue as a going concern,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 598.10 Td (borrower has insuf) Tj ET Q q 0 0 0 rg BT 191.80 598.10 Td (ficient cash flows to service debt,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 580.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 580.10 Td (borrower's inability to obtain funds from other sources, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 562.10 Td (there is a breach of financial covenants by the borrower) Tj ET Q q 0 0 0 rg BT 338.85 562.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 541.10 Td (If ) Tj ET Q q 0 0 0 rg BT 112.37 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.80 541.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 165.67 541.10 Td (is ) Tj ET Q q 0 0 0 rg BT 174.55 541.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 221.74 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.74 541.10 Td (be ) Tj ET Q q 0 0 0 rg BT 243.39 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.38 541.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.57 541.10 Td (dif) Tj ET Q q 0 0 0 rg BT 301.50 541.10 Td (ficulty) Tj ET Q q 0 0 0 rg BT 326.96 541.10 Td (, ) Tj ET Q q 0 0 0 rg BT 331.67 541.10 Td (we ) Tj ET Q q 0 0 0 rg BT 345.54 541.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 381.63 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.06 541.10 Td (following ) Tj ET Q q 0 0 0 rg BT 437.16 541.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 481.04 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.03 541.10 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 529.10 Td (if ) Tj ET Q q 0 0 0 rg BT 89.61 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.33 529.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 143.48 529.10 Td (will ) Tj ET Q q 0 0 0 rg BT 161.53 529.10 Td (be ) Tj ET Q q 0 0 0 rg BT 173.47 529.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 205.96 529.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.89 529.10 Td (concession:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 511.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 511.10 Td (assets used to satisfy debt are less than our recorded investment,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 493.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 493.10 Td (interest rate is modified,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 475.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 475.10 Td (maturity date extension at an interest rate less than market rate,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 457.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 457.10 Td (capitalization of interest,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 439.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 439.10 Td (delaying principal and/or interest for a period of three months or more, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 421.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 421.10 Td (partial for) Tj ET Q q 0 0 0 rg BT 156.52 421.10 Td (giveness of the balance or char) Tj ET Q q 0 0 0 rg BT 279.90 421.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 300.81 421.10 Td (f.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 403.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 157.90 403.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 177.13 403.10 Td (workouts, ) Tj ET Q q 0 0 0 rg BT 218.87 403.10 Td (refinances ) Tj ET Q q 0 0 0 rg BT 261.98 403.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.32 403.10 Td (restructures ) Tj ET Q q 0 0 0 rg BT 320.99 403.10 Td (that ) Tj ET Q q 0 0 0 rg BT 338.00 403.10 Td (are ) Tj ET Q q 0 0 0 rg BT 352.23 403.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 392.01 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 402.22 403.10 Td (TDRs ) Tj ET Q q 0 0 0 rg BT 428.13 403.10 Td (are ) Tj ET Q q 0 0 0 rg BT 442.35 403.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 492.70 403.10 Td (evaluated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.25 391.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 141.37 391.10 Td (for ) Tj ET Q q 0 0 0 rg BT 156.84 391.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 208.41 391.10 Td (As ) Tj ET Q q 0 0 0 rg BT 223.33 391.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.47 391.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 297.04 391.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.04 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.85 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.10 391.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 365.40 391.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.54 391.10 Td (CML) Tj ET Q q 0 0 0 rg BT 403.84 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.65 391.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 446.45 391.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.70 391.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.70 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.51 391.10 Td (impairments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 379.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 138.49 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 149.32 379.10 Td (troubled ) Tj ET Q q 0 0 0 rg BT 185.15 379.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 204.86 379.10 Td (restructuring. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 358.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 97.94 358.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 146.00 358.10 Td (Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 339.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.92 339.10 Td (major ) Tj ET Q q 0 0 0 rg BT 146.11 339.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 177.97 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.17 339.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 208.92 339.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 254.67 339.10 Td (income ) Tj ET Q q 0 0 0 rg BT 290.41 339.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.28 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.36 339.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 376.54 339.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 431.18 339.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 476.94 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.13 339.10 Td (Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 327.10 Td (were ) Tj ET Q q 0 0 0 rg BT 102.93 327.10 Td (as ) Tj ET Q q 0 0 0 rg BT 113.76 327.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 274.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 274.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 274.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 274.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 274.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 274.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 274.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 248.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 248.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 248.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 248.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 248.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 248.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 248.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 222.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 222.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 222.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 222.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 222.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 222.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 222.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 196.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 196.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 196.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 196.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 196.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 196.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 196.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 170.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 170.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 170.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 170.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 170.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 170.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 170.60 44.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 294.6 m 435.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 294.6 m 439.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 294.6 m 483.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 294.6 m 487.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 294.6 m 531.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 274.6 m 435.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 294.6 m 483.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 274.6 m 483.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 294.6 m 487.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 294.6 m 531.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 274.6 m 531.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 274.6 m 435.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 274.6 m 483.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 274.6 m 531.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 196.60000000000002 m 435.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 196.60000000000002 m 483.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 196.60000000000002 m 531.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 196.60000000000002 m 435.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 196.60000000000002 m 483.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 196.60000000000002 m 531.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 170.60000000000002 m 435.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 170.60000000000002 m 483.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 170.60000000000002 m 531.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 170.60000000000002 m 435.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 158.60000000000002 m 435.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 156.60000000000002 m 435.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 170.60000000000002 m 483.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 158.60000000000002 m 483.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 156.60000000000002 m 483.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 170.60000000000002 m 531.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 158.60000000000002 m 531.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 156.60000000000002 m 531.5 156.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.45 298.83 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.00 278.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 278.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.00 278.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 265.85 Td (Fixed maturity securities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 265.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 265.85 Td (869) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 265.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.25 265.85 Td (799) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 265.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 265.85 Td (723) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 252.85 Td (Equity securities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 252.85 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 252.85 Td (33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 252.85 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 239.85 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 239.85 Td (24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 239.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 239.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 226.85 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 226.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 226.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 226.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 213.85 Td (Invested cash and short-term investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 213.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 213.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 213.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 200.85 Td (Other investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 200.85 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 200.85 Td (20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 200.85 Td (20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 187.85 Td (Gross investment income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 187.85 Td (941) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.25 187.85 Td (871) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 187.85 Td (776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 174.85 Td (Investment expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.60 174.85 Td (\(18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 174.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 174.85 Td (\(20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 174.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 174.85 Td (\(16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 174.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 161.83 Td (Net investment income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 161.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 161.85 Td (923) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 161.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.25 161.85 Td (851) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 161.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 161.85 Td (760) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 127.10 Td (During ) Tj ET Q q 0 0 0 rg BT 134.47 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.33 127.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 173.62 127.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 204.58 127.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 231.10 127.10 Td (June ) Tj ET Q q 0 0 0 rg BT 252.07 127.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 267.21 127.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 292.35 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.21 127.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 348.73 127.10 Td (received ) Tj ET Q q 0 0 0 rg BT 385.24 127.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 412.31 127.10 Td (that ) Tj ET Q q 0 0 0 rg BT 429.95 127.10 Td (we ) Tj ET Q q 0 0 0 rg BT 444.25 127.10 Td (are ) Tj ET Q q 0 0 0 rg BT 459.10 127.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 491.73 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.15 127.10 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 115.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.20 115.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 134.06 115.10 Td (as ) Tj ET Q q 0 0 0 rg BT 146.16 115.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.36 115.10 Td (result ) Tj ET Q q 0 0 0 rg BT 180.34 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.43 115.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.53 115.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 254.95 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.05 115.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 298.01 115.10 Td (RMBS ) Tj ET Q q 0 0 0 rg BT 329.57 115.10 Td (that ) Tj ET Q q 0 0 0 rg BT 348.33 115.10 Td (were ) Tj ET Q q 0 0 0 rg BT 371.52 115.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 400.28 115.10 Td (by ) Tj ET Q q 0 0 0 rg BT 414.05 115.10 Td (Countrywide ) Tj ET Q q 0 0 0 rg BT 470.03 115.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 511.00 115.10 Td (Corp ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 103.10 Td (\("Countrywide"\), ) Tj ET Q q 0 0 0 rg BT 152.45 103.10 Td (an ) Tj ET Q q 0 0 0 rg BT 163.80 103.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 188.49 103.10 Td (which ) Tj ET Q q 0 0 0 rg BT 214.84 103.10 Td (was ) Tj ET Q q 0 0 0 rg BT 232.30 103.10 Td (later ) Tj ET Q q 0 0 0 rg BT 251.98 103.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 288.31 103.10 Td (by ) Tj ET Q q 0 0 0 rg BT 300.22 103.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 323.24 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.06 103.10 Td (America ) Tj ET Q q 0 0 0 rg BT 369.40 103.10 Td (Corporation. ) Tj ET Q q 0 0 0 rg BT 421.71 103.10 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.85 103.10 Td ($18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.85 103.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.76 103.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 472.44 103.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 515.45 103.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 91.10 Td (received ) Tj ET Q q 0 0 0 rg BT 117.35 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.63 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.34 91.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 166.48 91.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 197.29 91.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 223.66 91.10 Td (June ) Tj ET Q q 0 0 0 rg BT 244.48 91.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 259.48 91.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 281.97 91.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.12 91.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.05 91.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 339.43 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.25 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.96 91.10 Td (Countrywide ) Tj ET Q q 0 0 0 rg BT 419.67 91.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 462.43 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.36 91.10 Td (another ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.83 91.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.83 91.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.33 91.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 79.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 119.51 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.27 79.10 Td (be ) Tj ET Q q 0 0 0 rg BT 142.68 79.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 162.88 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.64 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.83 79.10 Td (second ) Tj ET Q q 0 0 0 rg BT 219.58 79.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 244.21 79.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 275.51 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.82 79.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 312.29 79.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.27 79.10 Td (In ) Tj ET Q q 0 0 0 rg BT 326.58 79.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 375.65 79.10 Td (with ) Tj ET Q q 0 0 0 rg BT 396.41 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.60 79.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 459.16 79.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 506.01 79.10 Td (policy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 67.10 Td (described ) Tj ET Q q 0 0 0 rg BT 120.73 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.91 67.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 154.84 67.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 163.75 67.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 208.74 67.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 256.80 67.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 289.88 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.72 67.10 Td (Practices", ) Tj ET Q q 0 0 0 rg BT 349.81 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.44 67.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 403.73 67.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 436.80 67.10 Td (its ) Tj ET Q q 0 0 0 rg BT 447.66 67.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 466.84 67.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 486.58 67.10 Td (projections ) Tj ET Q endstream endobj 271 0 obj <>] /Rotate 0 /Contents 272 0 R>> endobj 272 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 95.08 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 106.95 742.10 Td (best ) Tj ET Q q 0 0 0 rg BT 125.48 742.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 161.21 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.96 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.60 742.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 224.00 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 234.75 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.49 742.10 Td (May ) Tj ET Q q 0 0 0 rg BT 266.24 742.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 281.16 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 303.58 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.44 742.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 367.84 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.48 742.10 Td (new ) Tj ET Q q 0 0 0 rg BT 401.56 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 409.14 742.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 438.77 742.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 461.18 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 481.38 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.01 742.10 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 126.82 730.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 156.53 730.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 202.89 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.17 730.10 Td ("Net ) Tj ET Q q 0 0 0 rg BT 234.19 730.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 280.57 730.10 Td (income". ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 97.94 706.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 146.00 706.10 Td (Gains ) Tj ET Q q 0 0 0 rg BT 172.95 706.10 Td (\(Losses\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 687.10 Td (Details ) Tj ET Q q 0 0 0 rg BT 134.23 687.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 179.97 687.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 201.25 687.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 247.54 687.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 271.06 687.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 308.46 687.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 344.18 687.10 Td (on ) Tj ET Q q 0 0 0 rg BT 356.59 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.22 687.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 431.94 687.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 487.12 687.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 675.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 138.21 675.10 Td (were ) Tj ET Q q 0 0 0 rg BT 160.14 675.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.97 675.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 611.60 310.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 611.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 611.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 611.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 611.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 611.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 585.60 310.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 585.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 585.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 585.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 585.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 585.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 559.60 310.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 559.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 559.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 559.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 559.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 559.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 533.60 310.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 533.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 533.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 533.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 533.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 533.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 507.60 310.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 507.60 44.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 507.60 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 507.60 44.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 507.60 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 507.60 44.00 -17.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 634.6 m 435.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 634.6 m 439.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 634.6 m 483.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 634.6 m 531.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 634.6 m 435.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 611.6 m 435.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 634.6 m 483.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 611.6 m 483.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 634.6 m 487.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 634.6 m 531.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 611.6 m 531.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 611.6 m 435.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 611.6 m 483.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 611.6 m 531.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 559.6 m 435.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 559.6 m 483.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 559.6 m 531.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 559.6 m 435.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 546.6 m 435.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 559.6 m 483.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 546.6 m 483.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 559.6 m 531.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 546.6 m 531.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 546.6 m 435.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 546.6 m 483.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 546.6 m 531.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 507.6 m 435.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 490.6 m 435.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 507.6 m 483.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 490.6 m 483.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 507.6 m 531.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 490.6 m 531.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 478.6 m 435.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 476.6 m 435.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 478.6 m 483.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 476.6 m 483.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 478.6 m 531.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 476.6 m 531.5 476.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.45 638.83 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.00 615.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 615.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.00 615.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 602.85 Td (Net realized gains on fixed maturity available-for-sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 602.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 602.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 602.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 602.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 602.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 602.85 Td (104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 589.85 Td (Realized gains \(losses\) on equity securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 589.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 589.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 589.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 589.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 576.85 Td (Change in fair value of other derivatives and embedded derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 577.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 577.20 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 577.20 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 563.85 Td (Realized losses on other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.60 563.85 Td (\(26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 563.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 563.85 Td (\(40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 563.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 563.85 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 563.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 550.85 Td (Net realized \(losses\) gains on available-for-sale securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.60 550.85 Td (\(14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 550.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 550.85 Td (\(22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 550.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 550.85 Td (103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 537.85 Td (Realized \(losses\) gains on certain derivative instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.60 537.85 Td (\(84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 537.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.25 537.85 Td (108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 537.85 Td (209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 524.85 Td (Unrealized gains \(losses\) on certain derivative instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 524.85 Td (166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 524.85 Td (\(215) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 524.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 524.85 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 511.85 Td (Change in fair value of reinsurance related embedded derivative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.60 511.85 Td (\(49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 511.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 511.85 Td (92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 511.85 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 511.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 494.85 Td (Realized gains \(losses\) on hedging derivatives and reinsurance-related embedded derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 494.85 Td (33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 494.85 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 494.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 494.85 Td (204) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 481.83 Td (Net investment gains \(losses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 481.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 481.85 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 481.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 481.85 Td (\(37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 481.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 481.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 481.85 Td (307) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 454.10 Td (For ) Tj ET Q q 0 0 0 rg BT 119.36 454.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.55 454.10 Td (year ) Tj ET Q q 0 0 0 rg BT 152.72 454.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.60 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.57 454.10 Td (September ) Tj ET Q q 0 0 0 rg BT 223.30 454.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 237.77 454.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.77 454.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.24 454.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 299.75 454.10 Td (from ) Tj ET Q q 0 0 0 rg BT 321.15 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.34 454.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 352.86 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.16 454.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 385.67 454.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 421.52 454.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 472.40 454.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 493.25 454.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 442.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.71 442.10 Td ($1,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.21 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.21 442.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 166.83 442.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 190.43 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.93 442.10 Td (such ) Tj ET Q q 0 0 0 rg BT 223.76 442.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 245.70 442.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.41 442.10 Td ($40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.41 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.91 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.85 442.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 333.47 442.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 359.86 442.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.57 442.10 Td ($23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.57 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 409.57 442.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 457.23 442.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 423.10 Td (For ) Tj ET Q q 0 0 0 rg BT 119.14 423.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.11 423.10 Td (year ) Tj ET Q q 0 0 0 rg BT 152.07 423.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.95 423.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.70 423.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 237.22 423.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.22 423.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.47 423.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 298.76 423.10 Td (from ) Tj ET Q q 0 0 0 rg BT 319.95 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.92 423.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 351.21 423.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.30 423.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 383.60 423.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 419.23 423.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 470.11 423.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 490.74 423.10 Td (securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 411.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.71 411.10 Td ($3,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.21 411.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.21 411.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 166.83 411.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 190.43 411.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.93 411.10 Td (such ) Tj ET Q q 0 0 0 rg BT 223.76 411.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 245.70 411.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.41 411.10 Td ($104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.41 411.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.91 411.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.85 411.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 338.47 411.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 364.86 411.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.57 411.10 Td ($44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.57 411.10 Td (, ) Tj ET Q q 0 0 0 rg BT 414.57 411.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 462.23 411.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 392.10 Td (For ) Tj ET Q q 0 0 0 rg BT 119.14 392.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.11 392.10 Td (year ) Tj ET Q q 0 0 0 rg BT 152.07 392.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.95 392.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.70 392.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 237.22 392.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.22 392.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.47 392.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 298.76 392.10 Td (from ) Tj ET Q q 0 0 0 rg BT 319.95 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.92 392.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 351.21 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.30 392.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 383.60 392.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 419.23 392.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 470.11 392.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 490.74 392.10 Td (securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 380.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.71 380.10 Td ($2,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.21 380.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.21 380.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 166.83 380.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 190.43 380.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.93 380.10 Td (such ) Tj ET Q q 0 0 0 rg BT 223.76 380.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 245.70 380.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.41 380.10 Td ($1) Tj ET Q q 0 0 0 rg BT 285.04 380.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.04 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.54 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.48 380.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 338.09 380.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 364.49 380.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.20 380.10 Td ($13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.20 380.10 Td (, ) Tj ET Q q 0 0 0 rg BT 414.20 380.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 461.86 380.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 359.10 Td (Unconsolidated ) Tj ET Q q 0 0 0 rg BT 147.95 359.10 Td (V) Tj ET Q q 0 0 0 rg BT 153.51 359.10 Td (ariable ) Tj ET Q q 0 0 0 rg BT 184.90 359.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 219.07 359.10 Td (Entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 338.10 Td (The ) Tj ET Q q 0 0 0 rg BT 136.69 338.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 179.71 338.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 204.97 338.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 256.88 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.50 338.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 293.19 338.10 Td (that ) Tj ET Q q 0 0 0 rg BT 312.32 338.10 Td (are ) Tj ET Q q 0 0 0 rg BT 328.67 338.10 Td (not ) Tj ET Q q 0 0 0 rg BT 345.59 338.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 400.27 338.10 Td (within ) Tj ET Q q 0 0 0 rg BT 429.97 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.32 338.10 Td (Company) Tj ET Q q 0 0 0 rg BT 487.99 338.10 Td (s ) Tj ET Q q 0 0 0 rg BT 496.02 338.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 326.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 130.30 326.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 153.11 326.10 Td (do ) Tj ET Q q 0 0 0 rg BT 165.36 326.10 Td (not ) Tj ET Q q 0 0 0 rg BT 180.39 326.10 Td (have ) Tj ET Q q 0 0 0 rg BT 201.52 326.10 Td (suf) Tj ET Q q 0 0 0 rg BT 213.56 326.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 241.36 326.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 268.61 326.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.64 326.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 310.32 326.10 Td (their ) Tj ET Q q 0 0 0 rg BT 330.90 326.10 Td (own ) Tj ET Q q 0 0 0 rg BT 350.37 326.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 388.72 326.10 Td (without ) Tj ET Q q 0 0 0 rg BT 421.53 326.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 463.78 326.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.01 326.10 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 314.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.09 314.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 129.95 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.94 314.10 Td (its ) Tj ET Q q 0 0 0 rg BT 155.04 314.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 194.80 314.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 215.11 314.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 245.97 314.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 306.81 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.80 314.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.89 314.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 374.43 314.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 413.06 314.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 450.88 314.10 Td (These ) Tj ET Q q 0 0 0 rg BT 478.15 314.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 502.36 314.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.22 314.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 302.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 134.41 302.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.05 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.13 302.10 Td (Company) Tj ET Q q 0 0 0 rg BT 201.80 302.10 Td (s ) Tj ET Q q 0 0 0 rg BT 208.55 302.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 246.40 302.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 291.48 302.10 Td (for ) Tj ET Q q 0 0 0 rg BT 306.00 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.08 302.10 Td (following ) Tj ET Q q 0 0 0 rg BT 362.84 302.10 Td (reasons: ) Tj ET Q q 0 0 0 rg BT 398.47 302.10 Td (1\) ) Tj ET Q q 0 0 0 rg BT 412.17 302.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 430.69 302.10 Td ( ) Tj ET Q q 0 0 0 rg BT 433.55 302.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 475.28 302.10 Td (does ) Tj ET Q q 0 0 0 rg BT 496.48 302.10 Td (not ) Tj ET Q q 0 0 0 rg BT 512.12 302.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 290.10 Td (any ) Tj ET Q q 0 0 0 rg BT 98.15 290.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 126.41 290.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 151.89 290.10 Td (or ) Tj ET Q q 0 0 0 rg BT 162.93 290.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 190.07 290.10 Td (rights; ) Tj ET Q q 0 0 0 rg BT 218.33 290.10 Td (2\) ) Tj ET Q q 0 0 0 rg BT 231.87 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.79 290.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 288.39 290.10 Td (does ) Tj ET Q q 0 0 0 rg BT 309.42 290.10 Td (not ) Tj ET Q q 0 0 0 rg BT 324.91 290.10 Td (have ) Tj ET Q q 0 0 0 rg BT 346.49 290.10 Td (any ) Tj ET Q q 0 0 0 rg BT 363.64 290.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 389.12 290.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.61 290.10 Td (remove ) Tj ET Q q 0 0 0 rg BT 432.30 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.22 290.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 493.81 290.10 Td (manager; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.31 278.10 Td (3\) ) Tj ET Q q 0 0 0 rg BT 112.00 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.09 278.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 168.84 278.10 Td (was ) Tj ET Q q 0 0 0 rg BT 187.26 278.10 Td (not ) Tj ET Q q 0 0 0 rg BT 202.91 278.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 240.77 278.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.42 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.50 278.10 Td (design ) Tj ET Q q 0 0 0 rg BT 295.48 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.68 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.76 278.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 373.30 278.10 Td (These ) Tj ET Q q 0 0 0 rg BT 400.05 278.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 460.10 278.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 494.62 278.10 Td (that ) Tj ET Q q 0 0 0 rg BT 512.48 278.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.00 278.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 122.14 266.10 Td (lacks ) Tj ET Q q 0 0 0 rg BT 144.95 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.44 266.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 187.25 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.30 266.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 222.33 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.82 266.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 277.68 266.10 Td (or ) Tj ET Q q 0 0 0 rg BT 288.28 266.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 329.43 266.10 Td (exert ) Tj ET Q q 0 0 0 rg BT 351.68 266.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 384.77 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.37 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.69 266.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 432.51 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.22 266.10 Td (is ) Tj ET Q q 0 0 0 rg BT 458.16 266.10 Td (not ) Tj ET Q q 0 0 0 rg BT 473.20 266.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 518.79 266.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 115.16 254.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 162.63 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.46 254.10 Td (them. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 235.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 235.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 135.52 235.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.79 235.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 180.93 235.10 Td (participates ) Tj ET Q q 0 0 0 rg BT 230.30 235.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.35 235.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 265.73 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.78 235.10 Td (third ) Tj ET Q q 0 0 0 rg BT 298.94 235.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 328.87 235.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 372.68 235.10 Td (by ) Tj ET Q q 0 0 0 rg BT 385.96 235.10 Td (Salus. ) Tj ET Q q 0 0 0 rg BT 413.40 235.10 Td (Salus ) Tj ET Q q 0 0 0 rg BT 438.34 235.10 Td (is ) Tj ET Q q 0 0 0 rg BT 448.28 235.10 Td (an ) Tj ET Q q 0 0 0 rg BT 461.00 235.10 Td (af) Tj ET Q q 0 0 0 rg BT 468.58 235.10 Td (filiated, ) Tj ET Q q 0 0 0 rg BT 502.68 235.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 223.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 114.55 223.10 Td (company ) Tj ET Q q 0 0 0 rg BT 153.65 223.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 194.41 223.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 223.52 223.10 Td (by ) Tj ET Q q 0 0 0 rg BT 235.96 223.10 Td (HRG ) Tj ET Q q 0 0 0 rg BT 259.51 223.10 Td (that ) Tj ET Q q 0 0 0 rg BT 276.95 223.10 Td (originates ) Tj ET Q q 0 0 0 rg BT 318.83 223.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 345.71 223.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 378.69 223.10 Td (asset-based ) Tj ET Q q 0 0 0 rg BT 426.67 223.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 450.22 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.44 223.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 478.03 223.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 508.79 223.10 Td (third-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 211.10 Td (party ) Tj ET Q q 0 0 0 rg BT 103.94 211.10 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 149.38 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.78 211.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 170.30 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.70 211.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 213.96 211.10 Td (also ) Tj ET Q q 0 0 0 rg BT 232.47 211.10 Td (participates ) Tj ET Q q 0 0 0 rg BT 280.96 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.13 211.10 Td (CLOs ) Tj ET Q q 0 0 0 rg BT 317.42 211.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 355.91 211.10 Td (by ) Tj ET Q q 0 0 0 rg BT 368.31 211.10 Td (Salus ) Tj ET Q q 0 0 0 rg BT 392.38 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.21 211.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 432.72 211.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 471.76 211.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 499.15 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.33 211.10 Td (Salus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 199.10 Td (within ) Tj ET Q q 0 0 0 rg BT 108.94 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.53 199.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 148.13 199.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 185.51 199.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 222.88 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.59 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.19 199.10 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 278.36 199.10 Td (treaty) Tj ET Q q 0 0 0 rg BT 300.47 199.10 Td (. ) Tj ET Q q 0 0 0 rg BT 305.18 199.10 Td (The ) Tj ET Q q 0 0 0 rg BT 323.11 199.10 Td (Company) Tj ET Q q 0 0 0 rg BT 364.77 199.10 Td (s ) Tj ET Q q 0 0 0 rg BT 371.04 199.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 413.98 199.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 452.45 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.61 199.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 480.55 199.10 Td (as ) Tj ET Q q 0 0 0 rg BT 491.26 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.08 199.10 Td (result ) Tj ET Q q 0 0 0 rg BT 522.68 199.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 187.10 Td (its ) Tj ET Q q 0 0 0 rg BT 93.01 187.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 143.34 187.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.68 187.10 Td (or ) Tj ET Q q 0 0 0 rg BT 164.56 187.10 Td (with ) Tj ET Q q 0 0 0 rg BT 184.90 187.10 Td (Salus ) Tj ET Q q 0 0 0 rg BT 209.13 187.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.36 187.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 249.25 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.58 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.36 187.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 310.23 187.10 Td (value ) Tj ET Q q 0 0 0 rg BT 334.45 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.34 187.10 Td (its ) Tj ET Q q 0 0 0 rg BT 357.34 187.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 407.67 187.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.01 187.10 Td (Salus ) Tj ET Q q 0 0 0 rg BT 442.24 187.10 Td (which ) Tj ET Q q 0 0 0 rg BT 469.24 187.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.01 187.10 Td ($22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.01 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.57 187.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 175.10 Td ($251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 175.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 175.10 Td (as ) Tj ET Q q 0 0 0 rg BT 114.33 175.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.16 175.10 Td (September ) Tj ET Q q 0 0 0 rg BT 170.42 175.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 185.42 175.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.42 175.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.92 175.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.86 175.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.86 175.10 Td (, ) Tj ET Q q 0 0 0 rg BT 249.86 175.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 297.52 175.10 Td (. ) Tj ET Q q 0 0 0 rg BT 302.52 175.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.02 175.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 323.00 175.10 Td () Tj ET Q q 0 0 0 rg BT 325.78 175.10 Td (s ) Tj ET Q q 0 0 0 rg BT 332.17 175.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 382.44 175.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.72 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 403.55 175.10 Td (with ) Tj ET Q q 0 0 0 rg BT 423.83 175.10 Td (Salus ) Tj ET Q q 0 0 0 rg BT 448.00 175.10 Td (are ) Tj ET Q q 0 0 0 rg BT 462.70 175.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 496.85 175.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.13 175.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 163.10 Td (14. ) Tj ET Q q 0 0 0 rg BT 96.00 163.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 129.04 163.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 152.47 163.10 Td (T) Tj ET Q q 0 0 0 rg BT 158.23 163.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 210.15 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.43 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.15 163.10 Td (Company) Tj ET Q q 0 0 0 rg BT 276.81 163.10 Td (s ) Tj ET Q q 0 0 0 rg BT 283.20 163.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 338.48 163.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 378.19 163.10 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 145.10 Td (During ) Tj ET Q q 0 0 0 rg BT 133.04 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.96 145.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 170.33 145.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 200.35 145.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 225.93 145.10 Td (June ) Tj ET Q q 0 0 0 rg BT 245.97 145.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 260.18 145.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 284.39 145.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 302.91 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.62 145.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 339.65 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.14 145.10 Td (Boardwalk, ) Tj ET Q q 0 0 0 rg BT 397.22 145.10 Td (an ) Tj ET Q q 0 0 0 rg BT 408.37 145.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 425.96 145.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 455.98 145.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 486.02 145.10 Td (partnership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 133.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 102.43 133.10 Td (that ) Tj ET Q q 0 0 0 rg BT 120.53 133.10 Td (will ) Tj ET Q q 0 0 0 rg BT 139.19 133.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 166.18 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.06 133.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 219.04 133.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 246.58 133.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 273.29 133.10 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 327.47 133.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 380.85 133.10 Td (high ) Tj ET Q q 0 0 0 rg BT 401.73 133.10 Td (yield, ) Tj ET Q q 0 0 0 rg BT 427.33 133.10 Td (private ) Tj ET Q q 0 0 0 rg BT 458.19 133.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 511.57 133.10 Td (bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 121.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 118.54 121.10 Td (liquidations, ) Tj ET Q q 0 0 0 rg BT 170.80 121.10 Td (bridge ) Tj ET Q q 0 0 0 rg BT 198.89 121.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 239.19 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.17 121.10 Td (other ) Tj ET Q q 0 0 0 rg BT 279.26 121.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 331.89 121.10 Td (The ) Tj ET Q q 0 0 0 rg BT 349.97 121.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 375.84 121.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 409.49 121.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 447.01 121.10 Td (March ) Tj ET Q q 0 0 0 rg BT 475.65 121.10 Td (20, ) Tj ET Q q 0 0 0 rg BT 490.69 121.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 513.23 121.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.08 109.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 139.49 109.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 192.91 109.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 231.31 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.95 109.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 263.15 109.10 Td (over ) Tj ET Q q 0 0 0 rg BT 283.79 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.87 109.10 Td (course ) Tj ET Q q 0 0 0 rg BT 327.84 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.04 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.12 109.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.21 109.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 382.07 109.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.17 109.10 Td (. ) Tj ET Q q 0 0 0 rg BT 408.54 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.41 109.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 429.93 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.80 109.10 Td (has ) Tj ET Q q 0 0 0 rg BT 448.99 109.10 Td (funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.63 109.10 Td ($12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.63 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.50 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.70 109.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 109.10 Td ($35) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 97.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 134.05 97.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.88 97.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.71 97.10 Td (September ) Tj ET Q q 0 0 0 rg BT 200.97 97.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 215.97 97.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.97 97.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 82.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 121.52 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.95 82.10 Td (also ) Tj ET Q q 0 0 0 rg BT 144.49 82.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 183.45 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.32 82.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 245.30 82.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.06 82.10 Td ($75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.06 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.49 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.70 82.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 325.66 82.10 Td (common ) Tj ET Q q 0 0 0 rg BT 364.09 82.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 392.51 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.72 82.10 Td (an ) Tj ET Q q 0 0 0 rg BT 416.59 82.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 434.17 82.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 465.92 82.10 Td (private ) Tj ET Q q 0 0 0 rg BT 497.12 82.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 70.10 Td (development ) Tj ET Q q 0 0 0 rg BT 135.16 70.10 Td (company ) Tj ET Q q 0 0 0 rg BT 174.33 70.10 Td (\("BDC"\). ) Tj ET Q q 0 0 0 rg BT 214.55 70.10 Td (The ) Tj ET Q q 0 0 0 rg BT 232.61 70.10 Td (BDC ) Tj ET Q q 0 0 0 rg BT 255.69 70.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 285.98 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.27 70.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 329.32 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.27 70.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 389.32 70.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 412.38 70.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 448.78 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.73 70.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 493.24 70.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.29 58.10 Td (middle ) Tj ET Q q 0 0 0 rg BT 121.01 58.10 Td (market ) Tj ET Q q 0 0 0 rg BT 150.73 58.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 195.45 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.19 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.36 58.10 Td (United ) Tj ET Q q 0 0 0 rg BT 248.53 58.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 276.87 58.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 295.49 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.22 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.40 58.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 346.91 58.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 383.85 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.13 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.31 58.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 456.63 58.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 475.16 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.11 58.10 Td (does ) Tj ET Q q 0 0 0 rg BT 497.40 58.10 Td (not ) Tj ET Q q 0 0 0 rg BT 512.13 58.10 Td (have ) Tj ET Q endstream endobj 273 0 obj <>] /Rotate 0 /Contents 274 0 R>> endobj 274 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 109.32 742.10 Td (power) Tj ET Q q 0 0 0 rg BT 133.76 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.32 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 159.63 742.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 185.73 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 215.14 742.10 Td (call ) Tj ET Q q 0 0 0 rg BT 232.34 742.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 270.08 742.10 Td (June ) Tj ET Q q 0 0 0 rg BT 291.17 742.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 306.44 742.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 331.70 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 352.24 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.22 742.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 410.53 742.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 463.84 742.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 502.13 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.68 742.10 Td (fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (through ) Tj ET Q q 0 0 0 rg BT 114.61 730.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 139.61 730.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 158.13 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.63 730.10 Td (has ) Tj ET Q q 0 0 0 rg BT 176.46 730.10 Td (funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.73 730.10 Td ($42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.73 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.23 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 235.06 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.89 730.10 Td (September ) Tj ET Q q 0 0 0 rg BT 291.15 730.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 306.15 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 730.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 691.70 Td (\(5\) Derivative Financial Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 672.70 Td (The carrying amounts of derivative instruments, including derivative instruments embedded in fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 660.70 Td (indexed annuity \("FIA"\) contracts, is as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 599.20 328.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 599.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 599.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 599.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 571.20 328.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 571.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 571.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 571.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 543.20 328.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 543.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 543.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 543.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 515.20 328.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 515.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 515.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 515.20 59.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 613.2 m 467.5 613.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 613.2 m 530.5 613.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 501.2 m 467.5 501.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 501.2 m 530.5 501.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 501.2 m 467.5 501.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 489.2 m 467.5 489.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 487.2 m 467.5 487.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 501.2 m 530.5 501.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 489.2 m 530.5 489.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 487.2 m 530.5 487.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.10 625.43 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.50 617.43 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 625.43 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.50 617.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 603.43 Td (Assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 589.45 Td (Derivative investments:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 575.45 Td (Call options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 575.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 575.45 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.00 575.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 575.45 Td (81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 561.45 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 561.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 561.45 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 547.45 Td (Other invested assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 533.45 Td (Other derivatives and embedded derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 533.45 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 533.45 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 519.45 Td (Other assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 505.45 Td (Reinsurance related embedded derivative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 505.45 Td (119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 505.45 Td (168) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 492.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 492.45 Td (408) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.00 492.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 492.45 Td (271) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 478.20 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 478.20 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 478.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 478.20 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 452.20 328.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 452.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 452.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 452.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 424.20 328.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 424.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 424.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 424.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 396.20 328.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 396.20 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 396.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 396.20 59.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 382.2 m 467.5 382.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 382.2 m 530.5 382.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 382.2 m 467.5 382.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 369.2 m 467.5 369.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 367.2 m 467.5 367.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 382.2 m 530.5 382.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 369.2 m 530.5 369.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 367.2 m 530.5 367.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 469.43 Td (Liabilities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 456.45 Td (Contractholder funds:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 442.45 Td (FIA embedded derivative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 442.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 442.45 Td (2,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.00 442.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 442.45 Td (2,149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 428.45 Td (Funds withheld for reinsurance liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 414.45 Td (Call options payable to FSRCI) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 414.45 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 414.45 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 400.45 Td (Other liabilities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 386.45 Td (Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 386.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 386.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 372.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 372.45 Td (2,394) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.00 372.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 372.45 Td (2,154) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.00 368.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 344.70 Td (The change in fair value of derivative instruments included in the accompanying Consolidated Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 332.70 Td (of Operations is as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 286.20 268.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 286.20 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 286.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 286.20 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 286.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 286.20 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 260.20 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 260.20 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 260.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 260.20 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 260.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 260.20 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 232.20 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 232.20 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 232.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 232.20 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 232.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 232.20 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 204.20 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 204.20 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 204.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 204.20 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 204.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 204.20 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 176.20 268.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 176.20 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 176.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 176.20 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 176.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 176.20 58.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 307.20000000000005 m 406.5 307.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 307.20000000000005 m 410.5 307.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 307.20000000000005 m 468.5 307.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 307.20000000000005 m 472.5 307.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 307.20000000000005 m 530.5 307.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 286.20000000000005 m 406.5 286.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 286.20000000000005 m 468.5 286.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 286.20000000000005 m 530.5 286.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 204.20000000000005 m 406.5 204.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 191.20000000000005 m 406.5 191.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 189.20000000000005 m 406.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 204.20000000000005 m 468.5 204.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 191.20000000000005 m 468.5 191.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 189.20000000000005 m 468.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 204.20000000000005 m 530.5 204.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 191.20000000000005 m 530.5 191.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 189.20000000000005 m 530.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 164.20000000000005 m 406.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 162.20000000000005 m 406.5 162.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 164.20000000000005 m 468.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 162.20000000000005 m 468.5 162.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 164.20000000000005 m 530.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 162.20000000000005 m 530.5 162.20000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.45 311.43 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 290.43 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.00 290.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.00 290.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 277.43 Td (Revenues:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 264.45 Td (Net investment \(losses\) gains:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 250.45 Td ( Call options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.00 250.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 250.45 Td (74) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 250.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 250.45 Td (\(100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.30 250.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.00 250.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 250.45 Td (220) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 236.45 Td ( Futures contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 236.45 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.60 236.45 Td (\(7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.30 236.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 236.45 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 104.00 222.45 Td (Other derivatives and embedded derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 222.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 222.45 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 222.45 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 104.00 208.45 Td (Reinsurance related embedded derivative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 208.45 Td (\(49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 208.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 208.45 Td (92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 208.45 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 208.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.00 194.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 194.45 Td (33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 194.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.60 194.45 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.30 194.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.00 194.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 194.45 Td (206) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 180.43 Td (Benefits and other changes in policy reserves:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 167.45 Td (FIA embedded derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.00 167.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 167.45 Td (234) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 167.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 167.45 Td (241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.00 167.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 167.45 Td (363) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 275 0 obj <>] /Rotate 0 /Contents 276 0 R>> endobj 276 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-36) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td (Additional Disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.13 742.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 721.25 Td (Other Derivatives and Embedded Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 702.25 Td (On ) Tj ET Q q 0 0 0 rg BT 117.47 702.25 Td (June ) Tj ET Q q 0 0 0 rg BT 137.55 702.25 Td (16, ) Tj ET Q q 0 0 0 rg BT 151.79 702.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 176.04 702.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 194.56 702.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.31 702.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 236.92 702.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 271.99 702.25 Td (in ) Tj ET Q q 0 0 0 rg BT 281.52 702.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.71 702.25 Td ($35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.71 702.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.45 702.25 Td (fund-linked ) Tj ET Q q 0 0 0 rg BT 352.85 702.25 Td (note ) Tj ET Q q 0 0 0 rg BT 371.82 702.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 398.57 702.25 Td (by ) Tj ET Q q 0 0 0 rg BT 410.31 702.25 Td (Nomura ) Tj ET Q q 0 0 0 rg BT 444.83 702.25 Td (International ) Tj ET Q q 0 0 0 rg BT 497.66 702.25 Td (Funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 690.25 Td (Pte. ) Tj ET Q q 0 0 0 rg BT 99.01 690.25 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 117.94 690.25 Td (The ) Tj ET Q q 0 0 0 rg BT 136.22 690.25 Td (note ) Tj ET Q q 0 0 0 rg BT 156.17 690.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 193.35 690.25 Td (for ) Tj ET Q q 0 0 0 rg BT 207.74 690.25 Td (an ) Tj ET Q q 0 0 0 rg BT 219.92 690.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 262.65 690.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 299.81 690.25 Td (at ) Tj ET Q q 0 0 0 rg BT 309.77 690.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 346.38 690.25 Td (based ) Tj ET Q q 0 0 0 rg BT 371.89 690.25 Td (on ) Tj ET Q q 0 0 0 rg BT 384.63 690.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.58 690.25 Td (value ) Tj ET Q q 0 0 0 rg BT 423.97 690.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.03 690.25 Td (an ) Tj ET Q q 0 0 0 rg BT 447.21 690.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 491.04 690.25 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 678.25 Td (in ) Tj ET Q q 0 0 0 rg BT 90.95 678.25 Td (AnchorPath ) Tj ET Q q 0 0 0 rg BT 141.51 678.25 Td (Dedicated ) Tj ET Q q 0 0 0 rg BT 184.83 678.25 Td (Return ) Tj ET Q q 0 0 0 rg BT 214.83 678.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 238.18 678.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 256.51 678.25 Td ("AnchorPath ) Tj ET Q q 0 0 0 rg BT 311.15 678.25 Td (Fund"\) ) Tj ET Q q 0 0 0 rg BT 341.91 678.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.03 678.25 Td ($1) Tj ET Q q 0 0 0 rg BT 362.66 678.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.66 678.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.44 678.25 Td (which ) Tj ET Q q 0 0 0 rg BT 397.67 678.25 Td (was ) Tj ET Q q 0 0 0 rg BT 416.01 678.25 Td (based ) Tj ET Q q 0 0 0 rg BT 441.56 678.25 Td (on ) Tj ET Q q 0 0 0 rg BT 454.35 678.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.35 678.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 496.01 678.25 Td (return ) Tj ET Q q 0 0 0 rg BT 522.68 678.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 666.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.21 666.25 Td (fund. ) Tj ET Q q 0 0 0 rg BT 119.36 666.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.35 666.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 193.10 666.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.10 666.25 Td (, ) Tj ET Q q 0 0 0 rg BT 218.59 666.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.80 666.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 250.66 666.25 Td (value ) Tj ET Q q 0 0 0 rg BT 275.31 666.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.62 666.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.83 666.25 Td (fund-linked ) Tj ET Q q 0 0 0 rg BT 351.47 666.25 Td (note ) Tj ET Q q 0 0 0 rg BT 371.68 666.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.10 666.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 433.19 666.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 476.16 666.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.57 666.25 Td ($26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.57 666.25 Td ( ) Tj ET Q q 0 0 0 rg BT 516.56 666.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.25 Td ($13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 654.25 Td (, ) Tj ET Q q 0 0 0 rg BT 101.11 654.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 148.77 654.25 Td (. ) Tj ET Q q 0 0 0 rg BT 153.31 654.25 Td (At ) Tj ET Q q 0 0 0 rg BT 165.92 654.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 202.42 654.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.36 654.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.19 654.25 Td (fund-linked ) Tj ET Q q 0 0 0 rg BT 277.45 654.25 Td (note, ) Tj ET Q q 0 0 0 rg BT 299.78 654.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 318.30 654.25 Td ( ) Tj ET Q q 0 0 0 rg BT 320.92 654.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 362.40 654.25 Td (will ) Tj ET Q q 0 0 0 rg BT 380.56 654.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 412.04 654.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.87 654.25 Td ($35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.87 654.25 Td ( ) Tj ET Q q 0 0 0 rg BT 444.48 654.25 Td (face ) Tj ET Q q 0 0 0 rg BT 463.74 654.25 Td (value ) Tj ET Q q 0 0 0 rg BT 488.01 654.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.95 654.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.78 654.25 Td (note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 642.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 101.25 642.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.05 642.25 Td (value ) Tj ET Q q 0 0 0 rg BT 142.29 642.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.20 642.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.00 642.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 214.67 642.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 258.23 642.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.59 642.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.60 642.25 Td (AnchorPath ) Tj ET Q q 0 0 0 rg BT 335.95 642.25 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 362.34 642.25 Td (The ) Tj ET Q q 0 0 0 rg BT 381.46 642.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 425.04 642.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 463.05 642.25 Td (at ) Tj ET Q q 0 0 0 rg BT 473.85 642.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 511.31 642.25 Td (is ) Tj ET Q q 0 0 0 rg BT 521.56 642.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 630.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 124.65 630.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 167.19 630.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 203.06 630.25 Td (in ) Tj ET Q q 0 0 0 rg BT 213.40 630.25 Td ("Other ) Tj ET Q q 0 0 0 rg BT 242.81 630.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 278.69 630.25 Td (assets", ) Tj ET Q q 0 0 0 rg BT 311.16 630.25 Td (while ) Tj ET Q q 0 0 0 rg BT 335.93 630.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.71 630.25 Td (host ) Tj ET Q q 0 0 0 rg BT 369.94 630.25 Td (is ) Tj ET Q q 0 0 0 rg BT 379.16 630.25 Td (an ) Tj ET Q q 0 0 0 rg BT 391.16 630.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 442.04 630.25 Td (-sale ) Tj ET Q q 0 0 0 rg BT 463.47 630.25 Td (security ) Tj ET Q q 0 0 0 rg BT 497.69 630.25 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.25 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 618.25 Td ("Fixed ) Tj ET Q q 0 0 0 rg BT 120.64 618.25 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 165.63 618.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 216.51 618.25 Td (-sale". ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 599.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 122.02 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.54 599.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 165.93 599.25 Td (participates ) Tj ET Q q 0 0 0 rg BT 214.54 599.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.84 599.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 248.47 599.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.77 599.25 Td (third ) Tj ET Q q 0 0 0 rg BT 280.18 599.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 309.35 599.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 352.41 599.25 Td (by ) Tj ET Q q 0 0 0 rg BT 364.94 599.25 Td (Salus, ) Tj ET Q q 0 0 0 rg BT 391.63 599.25 Td (an ) Tj ET Q q 0 0 0 rg BT 403.59 599.25 Td (af) Tj ET Q q 0 0 0 rg BT 411.17 599.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 441.83 599.25 Td (VIE, ) Tj ET Q q 0 0 0 rg BT 463.51 599.25 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 504.35 599.25 Td (owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 587.25 Td (by ) Tj ET Q q 0 0 0 rg BT 95.78 587.25 Td (HRG ) Tj ET Q q 0 0 0 rg BT 121.67 587.25 Td (that ) Tj ET Q q 0 0 0 rg BT 141.45 587.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 180.67 587.25 Td (asset-based ) Tj ET Q q 0 0 0 rg BT 230.98 587.25 Td (financing. ) Tj ET Q q 0 0 0 rg BT 274.97 587.25 Td (As ) Tj ET Q q 0 0 0 rg BT 290.86 587.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.97 587.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 366.52 587.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.52 587.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 587.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.24 587.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.02 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.13 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.12 587.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 498.44 587.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 524.33 587.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 575.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 136.30 575.25 Td (in ) Tj ET Q q 0 0 0 rg BT 147.73 575.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 189.15 575.25 Td (\("CAD"\) ) Tj ET Q q 0 0 0 rg BT 228.74 575.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 267.36 575.25 Td (which ) Tj ET Q q 0 0 0 rg BT 295.45 575.25 Td (is ) Tj ET Q q 0 0 0 rg BT 305.77 575.25 Td (dif) Tj ET Q q 0 0 0 rg BT 316.70 575.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 343.67 575.25 Td (from ) Tj ET Q q 0 0 0 rg BT 366.76 575.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 385.28 575.25 Td ( ) Tj ET Q q 0 0 0 rg BT 388.93 575.25 Td (Insurance's ) Tj ET Q q 0 0 0 rg BT 437.14 575.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 481.33 575.25 Td (currency) Tj ET Q q 0 0 0 rg BT 515.66 575.25 Td (. ) Tj ET Q q 0 0 0 rg BT 521.01 575.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 563.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.50 563.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 563.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.73 563.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.72 563.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.45 563.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 232.17 563.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 252.12 563.25 Td (participations ) Tj ET Q q 0 0 0 rg BT 309.29 563.25 Td (were ) Tj ET Q q 0 0 0 rg BT 331.45 563.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 385.83 563.25 Td (in ) Tj ET Q q 0 0 0 rg BT 396.34 563.25 Td (CAD ) Tj ET Q q 0 0 0 rg BT 420.19 563.25 Td (currency) Tj ET Q q 0 0 0 rg BT 454.52 563.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.55 563.25 Td (Three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.87 563.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.60 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.66 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.61 563.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.35 563.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 551.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 104.61 551.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 158.76 551.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.04 551.25 Td (CAD ) Tj ET Q q 0 0 0 rg BT 192.65 551.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 230.13 551.25 Td (were ) Tj ET Q q 0 0 0 rg BT 252.05 551.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 280.66 551.25 Td (in ) Tj ET Q q 0 0 0 rg BT 290.94 551.25 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 532.25 Td (T) Tj ET Q q 0 0 0 rg BT 108.91 532.25 Td (wo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.13 532.25 Td ( ) Tj ET Q q 0 0 0 rg BT 123.53 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.25 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.86 532.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 168.48 532.25 Td (participations ) Tj ET Q q 0 0 0 rg BT 225.30 532.25 Td (included ) Tj ET Q q 0 0 0 rg BT 262.13 532.25 Td (a ) Tj ET Q q 0 0 0 rg BT 268.96 532.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 309.13 532.25 Td (for ) Tj ET Q q 0 0 0 rg BT 323.19 532.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 385.57 532.25 Td (from ) Tj ET Q q 0 0 0 rg BT 407.40 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.01 532.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 461.06 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 471.23 532.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 489.75 532.25 Td ( ) Tj ET Q q 0 0 0 rg BT 492.15 532.25 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 520.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.74 520.25 Td (any ) Tj ET Q q 0 0 0 rg BT 111.26 520.25 Td (net ) Tj ET Q q 0 0 0 rg BT 125.55 520.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 156.51 520.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 196.34 520.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 222.31 520.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 256.03 520.25 Td (by ) Tj ET Q q 0 0 0 rg BT 268.11 520.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 286.63 520.25 Td ( ) Tj ET Q q 0 0 0 rg BT 288.71 520.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 329.66 520.25 Td (under ) Tj ET Q q 0 0 0 rg BT 354.50 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.80 520.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 388.10 520.25 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 438.21 520.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 456.73 520.25 Td ( ) Tj ET Q q 0 0 0 rg BT 458.81 520.25 Td (Insurance's ) Tj ET Q q 0 0 0 rg BT 505.45 520.25 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.12 508.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 125.44 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.00 508.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 173.22 508.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 214.31 508.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 241.55 508.25 Td (under ) Tj ET Q q 0 0 0 rg BT 267.66 508.25 Td (these ) Tj ET Q q 0 0 0 rg BT 291.55 508.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 312.11 508.25 Td (participations ) Tj ET Q q 0 0 0 rg BT 369.88 508.25 Td (was ) Tj ET Q q 0 0 0 rg BT 388.77 508.25 Td (such ) Tj ET Q q 0 0 0 rg BT 410.44 508.25 Td (that ) Tj ET Q q 0 0 0 rg BT 428.78 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.34 508.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 486.57 508.25 Td (established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 496.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 124.17 496.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 170.11 496.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 193.84 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.69 496.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 222.21 496.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.28 496.25 Td (Insurance's ) Tj ET Q q 0 0 0 rg BT 270.91 496.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 317.41 496.25 Td (net ) Tj ET Q q 0 0 0 rg BT 331.70 496.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 362.65 496.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 402.47 496.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 420.11 496.25 Td (on ) Tj ET Q q 0 0 0 rg BT 432.18 496.25 Td (these ) Tj ET Q q 0 0 0 rg BT 454.80 496.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 474.09 496.25 Td (participations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 484.25 Td (The ) Tj ET Q q 0 0 0 rg BT 98.86 484.25 Td (value ) Tj ET Q q 0 0 0 rg BT 122.83 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.47 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.00 484.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 191.41 484.25 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 240.10 484.25 Td (which ) Tj ET Q q 0 0 0 rg BT 266.85 484.25 Td (is ) Tj ET Q q 0 0 0 rg BT 275.83 484.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 299.80 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.89 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.42 484.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 371.16 484.25 Td (net ) Tj ET Q q 0 0 0 rg BT 385.69 484.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 416.88 484.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 456.95 484.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 474.83 484.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 521.00 484.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 472.25 Td (these ) Tj ET Q q 0 0 0 rg BT 103.82 472.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 123.32 472.25 Td (participations, ) Tj ET Q q 0 0 0 rg BT 182.53 472.25 Td (net ) Tj ET Q q 0 0 0 rg BT 197.02 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.63 472.25 Td (an ) Tj ET Q q 0 0 0 rg BT 219.34 472.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 262.15 472.25 Td (for ) Tj ET Q q 0 0 0 rg BT 276.09 472.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 328.90 472.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 353.94 472.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 373.72 472.25 Td (was ) Tj ET Q q 0 0 0 rg BT 391.55 472.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 428.80 472.25 Td (in ) Tj ET Q q 0 0 0 rg BT 438.86 472.25 Td ("Other ) Tj ET Q q 0 0 0 rg BT 467.98 472.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 503.59 472.25 Td (assets" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 460.25 Td (as ) Tj ET Q q 0 0 0 rg BT 92.60 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.20 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.68 460.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 153.49 460.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 177.30 460.25 Td (date ) Tj ET Q q 0 0 0 rg BT 197.23 460.25 Td (with ) Tj ET Q q 0 0 0 rg BT 218.27 460.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 253.75 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 264.80 460.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 281.94 460.25 Td (value ) Tj ET Q q 0 0 0 rg BT 306.87 460.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 345.11 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.15 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.64 460.25 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.49 460.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 475.53 460.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 522.68 460.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 448.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.88 448.25 Td (. ) Tj ET Q q 0 0 0 rg BT 129.22 448.25 Td (As ) Tj ET Q q 0 0 0 rg BT 142.69 448.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.38 448.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 213.50 448.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 448.25 Td (, ) Tj ET Q q 0 0 0 rg BT 238.36 448.25 Td (all ) Tj ET Q q 0 0 0 rg BT 250.72 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.41 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.98 448.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 295.56 448.25 Td (participations ) Tj ET Q q 0 0 0 rg BT 352.35 448.25 Td (were ) Tj ET Q q 0 0 0 rg BT 374.14 448.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 402.60 448.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.74 448.25 Td (full ) Tj ET Q q 0 0 0 rg BT 428.99 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.78 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.36 448.25 Td (related ) Tj ET Q q 0 0 0 rg BT 489.92 448.25 Td (embedded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 436.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 123.20 436.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 155.95 436.25 Td (was ) Tj ET Q q 0 0 0 rg BT 173.72 436.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 207.59 436.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.58 436.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.79 436.25 Td (. ) Tj ET Q q 0 0 0 rg BT 239.35 436.25 Td (The ) Tj ET Q q 0 0 0 rg BT 257.12 436.25 Td (value ) Tj ET Q q 0 0 0 rg BT 280.99 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.54 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.98 436.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 349.29 436.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 391.49 436.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.26 436.25 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.26 436.25 Td ( ) Tj ET Q q 0 0 0 rg BT 421.48 436.25 Td (at ) Tj ET Q q 0 0 0 rg BT 430.92 436.25 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.90 436.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.90 436.25 Td (. ) Tj ET Q q 0 0 0 rg BT 515.46 436.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 424.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.04 424.25 Td (had ) Tj ET Q q 0 0 0 rg BT 138.63 424.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 172.42 424.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 195.68 424.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 228.39 424.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.87 424.25 Td ($\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.53 424.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.18 424.25 Td ($\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.84 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 279.00 424.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.59 424.25 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.59 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 307.74 424.25 Td (for ) Tj ET Q q 0 0 0 rg BT 321.55 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.92 424.25 Td (years ) Tj ET Q q 0 0 0 rg BT 359.17 424.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.20 424.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 445.12 424.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.12 424.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.77 424.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.77 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 491.92 424.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.51 424.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 424.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 412.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 128.66 412.25 Td (, ) Tj ET Q q 0 0 0 rg BT 133.46 412.25 Td (related ) Tj ET Q q 0 0 0 rg BT 162.96 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.03 412.25 Td (these ) Tj ET Q q 0 0 0 rg BT 195.88 412.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 227.05 412.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 267.10 412.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 310.49 412.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 356.66 412.25 Td (included ) Tj ET Q q 0 0 0 rg BT 393.40 412.25 Td (in ) Tj ET Q q 0 0 0 rg BT 403.47 412.25 Td ("Net ) Tj ET Q q 0 0 0 rg BT 424.29 412.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 470.47 412.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 493.87 412.25 Td (\(losses\)".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 393.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 393.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 135.52 393.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.37 393.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 182.09 393.25 Td (also ) Tj ET Q q 0 0 0 rg BT 202.04 393.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.33 393.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.33 393.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.18 393.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 293.57 393.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 318.52 393.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 374.02 393.25 Td (in ) Tj ET Q q 0 0 0 rg BT 385.65 393.25 Td (CAD ) Tj ET Q q 0 0 0 rg BT 410.61 393.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 449.44 393.25 Td (which ) Tj ET Q q 0 0 0 rg BT 477.73 393.25 Td (also ) Tj ET Q q 0 0 0 rg BT 497.68 393.25 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 381.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 143.10 381.25 Td (from ) Tj ET Q q 0 0 0 rg BT 164.66 381.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.00 381.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 217.77 381.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.67 381.25 Td (CAD ) Tj ET Q q 0 0 0 rg BT 250.91 381.25 Td (currency) Tj ET Q q 0 0 0 rg BT 285.23 381.25 Td (, ) Tj ET Q q 0 0 0 rg BT 289.85 381.25 Td (but ) Tj ET Q q 0 0 0 rg BT 304.75 381.25 Td (did ) Tj ET Q q 0 0 0 rg BT 319.65 381.25 Td (not ) Tj ET Q q 0 0 0 rg BT 334.55 381.25 Td (include ) Tj ET Q q 0 0 0 rg BT 366.11 381.25 Td (a ) Tj ET Q q 0 0 0 rg BT 372.67 381.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 412.57 381.25 Td (for ) Tj ET Q q 0 0 0 rg BT 426.35 381.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 488.45 381.25 Td (for ) Tj ET Q q 0 0 0 rg BT 502.24 381.25 Td (any ) Tj ET Q q 0 0 0 rg BT 518.80 381.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 369.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 112.00 369.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 151.88 369.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 177.90 369.25 Td (from ) Tj ET Q q 0 0 0 rg BT 199.47 369.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.81 369.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 249.91 369.25 Td (. ) Tj ET Q q 0 0 0 rg BT 254.54 369.25 Td (Salus ) Tj ET Q q 0 0 0 rg BT 278.33 369.25 Td (executed ) Tj ET Q q 0 0 0 rg BT 315.99 369.25 Td (CAD ) Tj ET Q q 0 0 0 rg BT 339.23 369.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 361.91 369.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 409.57 369.25 Td (with ) Tj ET Q q 0 0 0 rg BT 429.47 369.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 447.99 369.25 Td ( ) Tj ET Q q 0 0 0 rg BT 450.12 369.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 491.11 369.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.02 369.25 Td (convert ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 357.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.90 357.25 Td (CAD ) Tj ET Q q 0 0 0 rg BT 117.69 357.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 137.15 357.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 161.05 357.25 Td (into ) Tj ET Q q 0 0 0 rg BT 178.29 357.25 Td (United ) Tj ET Q q 0 0 0 rg BT 207.19 357.25 Td (States ) Tj ET Q q 0 0 0 rg BT 232.76 357.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 257.76 357.25 Td (\("USD"\) ) Tj ET Q q 0 0 0 rg BT 294.27 357.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.72 357.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 340.13 357.25 Td ( ) Tj ET Q q 0 0 0 rg BT 341.81 357.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 368.48 357.25 Td (these ) Tj ET Q q 0 0 0 rg BT 390.71 357.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 412.95 357.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 462.66 357.25 Td (Salus ) Tj ET Q q 0 0 0 rg BT 486.01 357.25 Td (reimbursed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.80 345.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.26 345.25 Td (for ) Tj ET Q q 0 0 0 rg BT 151.50 345.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 181.28 345.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 215.50 345.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 246.96 345.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 287.29 345.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 313.77 345.25 Td (related ) Tj ET Q q 0 0 0 rg BT 343.55 345.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.91 345.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 374.25 345.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 399.05 345.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.63 345.25 Td (these ) Tj ET Q q 0 0 0 rg BT 434.76 345.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 454.56 345.25 Td (participations ) Tj ET Q q 0 0 0 rg BT 511.57 345.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 333.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 129.45 333.25 Td (date ) Tj ET Q q 0 0 0 rg BT 150.67 333.25 Td (through ) Tj ET Q q 0 0 0 rg BT 186.35 333.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.13 333.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 233.23 333.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.13 333.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.91 333.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 301.36 333.25 Td (date ) Tj ET Q q 0 0 0 rg BT 322.58 333.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.48 333.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.27 333.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 374.05 333.25 Td (or ) Tj ET Q q 0 0 0 rg BT 386.95 333.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 432.06 333.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.96 333.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.74 333.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 486.86 333.25 Td (agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 321.25 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 147.33 321.25 Td (under ) Tj ET Q q 0 0 0 rg BT 173.11 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.34 321.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 211.90 321.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 260.44 321.25 Td (was ) Tj ET Q q 0 0 0 rg BT 279.00 321.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 313.66 321.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.45 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.67 321.25 Td (event ) Tj ET Q q 0 0 0 rg BT 364.34 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.57 321.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 439.22 321.25 Td (on ) Tj ET Q q 0 0 0 rg BT 452.23 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.46 321.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 513.79 321.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 309.25 Td (participations ) Tj ET Q q 0 0 0 rg BT 138.80 309.25 Td (were ) Tj ET Q q 0 0 0 rg BT 161.61 309.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 191.64 309.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.79 309.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 225.06 309.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 250.64 309.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 287.90 309.25 Td (due ) Tj ET Q q 0 0 0 rg BT 305.71 309.25 Td (on ) Tj ET Q q 0 0 0 rg BT 319.09 309.25 Td (those ) Tj ET Q q 0 0 0 rg BT 343.57 309.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 364.17 309.25 Td (participations. ) Tj ET Q q 0 0 0 rg BT 424.47 309.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 442.99 309.25 Td ( ) Tj ET Q q 0 0 0 rg BT 446.37 309.25 Td (Insurance's ) Tj ET Q q 0 0 0 rg BT 494.30 309.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 523.23 309.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 297.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 112.28 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.81 297.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 155.99 297.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 195.05 297.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 220.25 297.25 Td (under ) Tj ET Q q 0 0 0 rg BT 244.33 297.25 Td (these ) Tj ET Q q 0 0 0 rg BT 266.18 297.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 288.04 297.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 334.88 297.25 Td (was ) Tj ET Q q 0 0 0 rg BT 351.74 297.25 Td (such ) Tj ET Q q 0 0 0 rg BT 371.38 297.25 Td (that ) Tj ET Q q 0 0 0 rg BT 387.68 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.21 297.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 441.40 297.25 Td (established ) Tj ET Q q 0 0 0 rg BT 487.14 297.25 Td (derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 285.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 105.85 285.25 Td (to ) Tj ET Q q 0 0 0 rg BT 116.82 285.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 135.34 285.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.53 285.25 Td (Insurance's ) Tj ET Q q 0 0 0 rg BT 186.28 285.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 233.91 285.25 Td (net ) Tj ET Q q 0 0 0 rg BT 249.31 285.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 281.38 285.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 322.33 285.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 349.41 285.25 Td (on ) Tj ET Q q 0 0 0 rg BT 362.61 285.25 Td (these ) Tj ET Q q 0 0 0 rg BT 386.35 285.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 406.75 285.25 Td (participations. ) Tj ET Q q 0 0 0 rg BT 466.88 285.25 Td (During ) Tj ET Q q 0 0 0 rg BT 498.40 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.81 285.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 107.22 273.25 Td (September ) Tj ET Q q 0 0 0 rg BT 152.33 273.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 167.17 273.25 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.02 273.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.45 273.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.80 273.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.47 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.03 273.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 253.59 273.25 Td (participations ) Tj ET Q q 0 0 0 rg BT 310.37 273.25 Td (was ) Tj ET Q q 0 0 0 rg BT 328.26 273.25 Td (repaid ) Tj ET Q q 0 0 0 rg BT 355.59 273.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.71 273.25 Td (full ) Tj ET Q q 0 0 0 rg BT 381.94 273.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.72 273.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 417.25 273.25 Td ( ) Tj ET Q q 0 0 0 rg BT 419.59 273.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 460.80 273.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 502.56 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.12 273.25 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 113.28 261.25 Td (due ) Tj ET Q q 0 0 0 rg BT 129.99 261.25 Td (under ) Tj ET Q q 0 0 0 rg BT 155.04 261.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.54 261.25 Td (related ) Tj ET Q q 0 0 0 rg BT 199.02 261.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 221.85 261.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 268.11 261.25 Td (The ) Tj ET Q q 0 0 0 rg BT 285.94 261.25 Td (other ) Tj ET Q q 0 0 0 rg BT 308.77 261.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 328.26 261.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 381.08 261.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 415.02 261.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 463.96 261.25 Td (at ) Tj ET Q q 0 0 0 rg BT 473.46 261.25 Td (September ) Tj ET Q q 0 0 0 rg BT 518.50 261.25 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 249.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 105.91 249.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.15 249.25 Td (The ) Tj ET Q q 0 0 0 rg BT 126.11 249.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 167.41 249.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 213.69 249.25 Td (an ) Tj ET Q q 0 0 0 rg BT 225.54 249.25 Td (OTTI ) Tj ET Q q 0 0 0 rg BT 250.72 249.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 268.70 249.25 Td (on ) Tj ET Q q 0 0 0 rg BT 281.11 249.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.74 249.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 315.37 249.25 Td (during ) Tj ET Q q 0 0 0 rg BT 343.89 249.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.52 249.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 389.25 249.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 415.54 249.25 Td (September ) Tj ET Q q 0 0 0 rg BT 460.72 249.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 475.64 249.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 498.05 249.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.90 249.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 237.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 117.87 237.25 Td (a ) Tj ET Q q 0 0 0 rg BT 124.21 237.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 163.87 237.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.55 237.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.67 237.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 219.56 237.25 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 268.09 237.25 Td (under ) Tj ET Q q 0 0 0 rg BT 292.75 237.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.87 237.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 329.32 237.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 375.36 237.25 Td ( ) Tj ET Q q 0 0 0 rg BT 377.12 237.25 Td (The ) Tj ET Q q 0 0 0 rg BT 394.57 237.25 Td (related ) Tj ET Q q 0 0 0 rg BT 423.67 237.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 446.12 237.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 489.66 237.25 Td (with ) Tj ET Q q 0 0 0 rg BT 509.33 237.25 Td (Salus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 225.25 Td (expired ) Tj ET Q q 0 0 0 rg BT 113.32 225.25 Td (in ) Tj ET Q q 0 0 0 rg BT 123.44 225.25 Td (July ) Tj ET Q q 0 0 0 rg BT 142.45 225.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 164.79 225.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.57 225.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 200.09 225.25 Td ( ) Tj ET Q q 0 0 0 rg BT 202.43 225.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 243.63 225.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 285.38 225.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.94 225.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 332.27 225.25 Td (due ) Tj ET Q q 0 0 0 rg BT 349.05 225.25 Td (under ) Tj ET Q q 0 0 0 rg BT 374.16 225.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.71 225.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 411.61 225.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 457.92 225.25 Td (The ) Tj ET Q q 0 0 0 rg BT 475.80 225.25 Td (value ) Tj ET Q q 0 0 0 rg BT 499.80 225.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.46 225.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 213.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 127.30 213.25 Td (was ) Tj ET Q q 0 0 0 rg BT 145.28 213.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 182.68 213.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.89 213.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 222.52 213.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 258.27 213.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 288.47 213.25 Td (with ) Tj ET Q q 0 0 0 rg BT 308.68 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.32 213.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 357.96 213.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.16 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.81 213.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 399.11 213.25 Td (value ) Tj ET Q q 0 0 0 rg BT 423.20 213.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 460.60 213.25 Td (in ) Tj ET Q q 0 0 0 rg BT 470.80 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.45 213.25 Td (Company) Tj ET Q q 0 0 0 rg BT 527.11 213.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 201.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 135.93 201.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 181.96 201.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.44 201.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.32 201.25 Td (. ) Tj ET Q q 0 0 0 rg BT 240.82 201.25 Td (The ) Tj ET Q q 0 0 0 rg BT 258.52 201.25 Td (value ) Tj ET Q q 0 0 0 rg BT 282.32 201.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.81 201.25 Td (these ) Tj ET Q q 0 0 0 rg BT 315.50 201.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 361.53 201.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.23 201.25 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.23 201.25 Td ( ) Tj ET Q q 0 0 0 rg BT 391.39 201.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.98 201.25 Td ($10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.98 201.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.13 201.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 201.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 494.41 201.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.41 201.25 Td ( ) Tj ET Q q 0 0 0 rg BT 516.57 201.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 189.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 189.25 Td (, ) Tj ET Q q 0 0 0 rg BT 106.16 189.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 153.82 189.25 Td (, ) Tj ET Q q 0 0 0 rg BT 158.97 189.25 Td (which ) Tj ET Q q 0 0 0 rg BT 186.07 189.25 Td (is ) Tj ET Q q 0 0 0 rg BT 195.39 189.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 219.70 189.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.13 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.01 189.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 292.09 189.25 Td (net ) Tj ET Q q 0 0 0 rg BT 306.96 189.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 341.26 189.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 372.79 189.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 413.20 189.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 431.42 189.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 477.93 189.25 Td (on ) Tj ET Q q 0 0 0 rg BT 490.59 189.25 Td (these ) Tj ET Q q 0 0 0 rg BT 513.79 189.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 177.25 Td (participations ) Tj ET Q q 0 0 0 rg BT 137.97 177.25 Td (net ) Tj ET Q q 0 0 0 rg BT 152.72 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.59 177.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 206.66 177.25 Td (for ) Tj ET Q q 0 0 0 rg BT 220.86 177.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 273.93 177.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 299.24 177.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 319.09 177.25 Td (The ) Tj ET Q q 0 0 0 rg BT 337.18 177.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 378.60 177.25 Td (had ) Tj ET Q q 0 0 0 rg BT 395.58 177.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 429.76 177.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 462.85 177.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 486.50 177.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.37 177.25 Td ($\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.03 177.25 Td ( ) Tj ET Q q 0 0 0 rg BT 516.57 177.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 165.25 Td ($10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 165.25 Td ( ) Tj ET Q q 0 0 0 rg BT 98.35 165.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.36 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.93 165.25 Td (years ) Tj ET Q q 0 0 0 rg BT 150.38 165.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.61 165.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 236.72 165.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.72 165.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.07 165.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.86 165.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.86 165.25 Td (, ) Tj ET Q q 0 0 0 rg BT 300.71 165.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 348.38 165.25 Td (, ) Tj ET Q q 0 0 0 rg BT 353.23 165.25 Td (related ) Tj ET Q q 0 0 0 rg BT 382.78 165.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.91 165.25 Td (these ) Tj ET Q q 0 0 0 rg BT 415.81 165.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 447.04 165.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 487.14 165.25 Td (derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 153.25 Td (included ) Tj ET Q q 0 0 0 rg BT 118.13 153.25 Td (in ) Tj ET Q q 0 0 0 rg BT 128.60 153.25 Td ("Net ) Tj ET Q q 0 0 0 rg BT 149.81 153.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 196.38 153.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 220.18 153.25 Td (\(losses\)". ) Tj ET Q q 0 0 0 rg BT 259.41 153.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 309.32 153.25 Td (, ) Tj ET Q q 0 0 0 rg BT 314.51 153.25 Td (a ) Tj ET Q q 0 0 0 rg BT 321.64 153.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 365.44 153.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.46 153.25 Td (HRG, ) Tj ET Q q 0 0 0 rg BT 402.77 153.25 Td (HGI ) Tj ET Q q 0 0 0 rg BT 423.23 153.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 459.26 153.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 483.34 153.25 Td (executed ) Tj ET Q q 0 0 0 rg BT 521.57 153.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 141.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 124.35 141.25 Td (with ) Tj ET Q q 0 0 0 rg BT 143.84 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.76 141.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 198.36 141.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.85 141.25 Td (guarantee, ) Tj ET Q q 0 0 0 rg BT 250.92 141.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 280.95 141.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.44 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.36 141.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 328.29 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.33 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.25 141.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 398.10 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.03 141.25 Td (fulfillment ) Tj ET Q q 0 0 0 rg BT 456.51 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.55 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.47 141.25 Td (accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 129.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 112.38 129.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 152.64 129.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 170.71 129.25 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 219.85 129.25 Td (from ) Tj ET Q q 0 0 0 rg BT 241.79 129.25 Td (Salus. ) Tj ET Q q 0 0 0 rg BT 268.29 129.25 Td (The ) Tj ET Q q 0 0 0 rg BT 286.34 129.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 327.71 129.25 Td (was ) Tj ET Q q 0 0 0 rg BT 345.77 129.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 391.03 129.25 Td (in ) Tj ET Q q 0 0 0 rg BT 401.32 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.04 129.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 446.86 129.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 473.25 129.25 Td (September ) Tj ET Q q 0 0 0 rg BT 518.52 129.25 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 117.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 103.50 117.25 Td (concurrent ) Tj ET Q q 0 0 0 rg BT 148.75 117.25 Td (with ) Tj ET Q q 0 0 0 rg BT 169.03 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.75 117.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 227.35 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.18 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.89 117.25 Td (Salus ) Tj ET Q q 0 0 0 rg BT 277.06 117.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 300.12 117.25 Td (agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 98.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 122.02 98.25 Td ( ) Tj ET Q q 0 0 0 rg BT 125.22 98.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 167.29 98.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 199.91 98.25 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.67 98.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.67 98.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.87 98.25 Td (CAD ) Tj ET Q q 0 0 0 rg BT 261.19 98.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 299.36 98.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 334.21 98.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 373.51 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.78 98.25 Td (August ) Tj ET Q q 0 0 0 rg BT 415.87 98.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 439.07 98.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.05 98.25 Td (economically ) Tj ET Q q 0 0 0 rg BT 507.12 98.25 Td (hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 86.25 Td (against ) Tj ET Q q 0 0 0 rg BT 114.52 86.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 167.47 86.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 218.77 86.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.74 86.25 Td (CAD ) Tj ET Q q 0 0 0 rg BT 258.05 86.25 Td (on ) Tj ET Q q 0 0 0 rg BT 273.24 86.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.65 86.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.09 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 310.28 86.25 Td (CAD-denominated ) Tj ET Q q 0 0 0 rg BT 391.57 86.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 413.98 86.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 469.71 86.25 Td (which ) Tj ET Q q 0 0 0 rg BT 499.35 86.25 Td (remains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 74.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 129.74 74.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.04 74.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 198.88 74.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.88 74.25 Td (. ) Tj ET Q q 0 0 0 rg BT 223.46 74.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.54 74.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 252.61 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.91 74.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 300.64 74.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 341.31 74.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 359.83 74.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.91 74.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 402.85 74.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 421.60 74.25 Td (CAD ) Tj ET Q q 0 0 0 rg BT 444.80 74.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 468.53 74.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.39 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.68 74.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 62.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 118.77 62.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 155.46 62.25 Td (on ) Tj ET Q q 0 0 0 rg BT 168.26 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.28 62.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 203.29 62.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 256.63 62.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.87 62.25 Td (will ) Tj ET Q q 0 0 0 rg BT 292.22 62.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 323.88 62.25 Td (USD. ) Tj ET Q q 0 0 0 rg BT 348.99 62.25 Td (The ) Tj ET Q q 0 0 0 rg BT 367.33 62.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 401.78 62.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 440.67 62.25 Td (will ) Tj ET Q q 0 0 0 rg BT 459.03 62.25 Td (be ) Tj ET Q q 0 0 0 rg BT 471.27 62.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 500.17 62.25 Td (in ) Tj ET Q q 0 0 0 rg BT 510.75 62.25 Td (cash. ) Tj ET Q q 0 0 0 rg BT 533.52 62.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 50.25 Td (No ) Tj ET Q q 0 0 0 rg BT 95.94 50.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 116.43 50.25 Td (was ) Tj ET Q q 0 0 0 rg BT 134.70 50.25 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 180.17 50.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 202.89 50.25 Td (execution ) Tj ET Q q 0 0 0 rg BT 244.49 50.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.54 50.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.47 50.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 304.84 50.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 345.96 50.25 Td (The ) Tj ET Q q 0 0 0 rg BT 364.23 50.25 Td (value ) Tj ET Q q 0 0 0 rg BT 388.60 50.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.65 50.25 Td (these ) Tj ET Q q 0 0 0 rg BT 422.92 50.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 469.51 50.25 Td (at ) Tj ET Q q 0 0 0 rg BT 479.45 50.25 Td (each ) Tj ET Q q 0 0 0 rg BT 500.48 50.25 Td (balance ) Tj ET Q endstream endobj 277 0 obj <>] /Rotate 0 /Contents 278 0 R>> endobj 278 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 103.90 742.10 Td (date ) Tj ET Q q 0 0 0 rg BT 122.91 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 131.94 742.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 155.95 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.09 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.66 742.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 227.44 742.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 271.44 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 295.45 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.25 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 321.27 742.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 358.60 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.73 742.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 398.29 742.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 433.98 742.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 464.10 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 484.23 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.81 742.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.12 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.67 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 124.89 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 149.89 730.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 188.20 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.32 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.87 730.10 Td (Company) Tj ET Q q 0 0 0 rg BT 256.54 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 263.77 730.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 319.88 730.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 367.10 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.77 730.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 428.25 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 447.14 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 472.13 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.80 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.36 730.10 Td (forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 119.92 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 131.08 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.23 718.10 Td (September ) Tj ET Q q 0 0 0 rg BT 187.82 718.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 203.15 718.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 225.97 718.10 Td (was ) Tj ET Q q 0 0 0 rg BT 244.35 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 259.96 718.10 Td (material. ) Tj ET Q q 0 0 0 rg BT 297.84 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 316.21 718.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 357.92 718.10 Td (had ) Tj ET Q q 0 0 0 rg BT 375.19 718.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 409.65 718.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 433.59 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.75 718.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.75 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.57 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.06 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.10 718.10 Td (year ) Tj ET Q q 0 0 0 rg BT 507.13 718.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.26 706.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.26 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.76 706.10 Td (related ) Tj ET Q q 0 0 0 rg BT 193.47 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.74 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.46 706.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 252.61 706.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 291.21 706.10 Td (included ) Tj ET Q q 0 0 0 rg BT 328.14 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.42 706.10 Td ("Net ) Tj ET Q q 0 0 0 rg BT 359.44 706.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 405.82 706.10 Td (gains".) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 685.10 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 133.49 685.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 166.53 685.10 Td (Embedded ) Tj ET Q q 0 0 0 rg BT 211.23 685.10 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 666.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 122.02 666.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.99 666.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 166.83 666.10 Td (has ) Tj ET Q q 0 0 0 rg BT 183.13 666.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.54 666.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 229.62 666.10 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 280.34 666.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 333.28 666.10 Td (with ) Tj ET Q q 0 0 0 rg BT 354.03 666.10 Td (FSRCI, ) Tj ET Q q 0 0 0 rg BT 387.30 666.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 424.70 666.10 Td (that ) Tj ET Q q 0 0 0 rg BT 442.67 666.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 467.86 666.10 Td (are ) Tj ET Q q 0 0 0 rg BT 483.04 666.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 521.00 666.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.63 654.10 Td (Insurance. ) Tj ET Q q 0 0 0 rg BT 146.87 654.10 Td (This ) Tj ET Q q 0 0 0 rg BT 167.75 654.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 220.83 654.10 Td (creates ) Tj ET Q q 0 0 0 rg BT 251.69 654.10 Td (an ) Tj ET Q q 0 0 0 rg BT 264.23 654.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 307.89 654.10 Td (for ) Tj ET Q q 0 0 0 rg BT 322.65 654.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 341.17 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.28 654.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 386.25 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.13 654.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 414.67 654.10 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 445.57 654.10 Td (at ) Tj ET Q q 0 0 0 rg BT 455.89 654.10 Td (a ) Tj ET Q q 0 0 0 rg BT 463.44 654.10 Td (later ) Tj ET Q q 0 0 0 rg BT 484.30 654.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 506.56 654.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 642.10 Td (results ) Tj ET Q q 0 0 0 rg BT 110.19 642.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.05 642.10 Td (an ) Tj ET Q q 0 0 0 rg BT 133.57 642.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 177.74 642.10 Td (derivative.) Tj ET Q q 0 0 0 rg BT 222.54 642.10 Td (This ) Tj ET Q q 0 0 0 rg BT 243.40 642.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 287.57 642.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 330.63 642.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.38 642.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 386.78 642.10 Td (a ) Tj ET Q q 0 0 0 rg BT 394.30 642.10 Td (total ) Tj ET Q q 0 0 0 rg BT 415.15 642.10 Td (return ) Tj ET Q q 0 0 0 rg BT 442.11 642.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 465.74 642.10 Td (with ) Tj ET Q q 0 0 0 rg BT 486.60 642.10 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 630.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 110.72 630.10 Td (that ) Tj ET Q q 0 0 0 rg BT 127.66 630.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.82 630.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 189.31 630.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.03 630.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.20 630.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 238.48 630.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.87 630.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 294.04 630.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 337.08 630.10 Td (with ) Tj ET Q q 0 0 0 rg BT 356.81 630.10 Td (this ) Tj ET Q q 0 0 0 rg BT 373.21 630.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 421.24 630.10 Td (arrangement.) Tj ET Q q 0 0 0 rg BT 476.03 630.10 Td (The ) Tj ET Q q 0 0 0 rg BT 493.53 630.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.35 630.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.30 618.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.48 618.10 Td (total ) Tj ET Q q 0 0 0 rg BT 128.23 618.10 Td (return ) Tj ET Q q 0 0 0 rg BT 155.07 618.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 178.59 618.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.23 618.10 Td (based ) Tj ET Q q 0 0 0 rg BT 213.97 618.10 Td (on ) Tj ET Q q 0 0 0 rg BT 226.94 618.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.12 618.10 Td (change ) Tj ET Q q 0 0 0 rg BT 273.41 618.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.15 618.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 301.00 618.10 Td (value ) Tj ET Q q 0 0 0 rg BT 325.62 618.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.92 618.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.11 618.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 398.40 618.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 424.70 618.10 Td (held ) Tj ET Q q 0 0 0 rg BT 444.89 618.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.63 618.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.82 618.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 496.01 618.10 Td (withheld ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 606.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 123.78 606.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 173.50 606.10 Td (results ) Tj ET Q q 0 0 0 rg BT 204.89 606.10 Td (for ) Tj ET Q q 0 0 0 rg BT 221.84 606.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.34 606.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 267.96 606.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.24 606.10 Td (support ) Tj ET Q q 0 0 0 rg BT 323.52 606.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.03 606.10 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 394.07 606.10 Td (with ) Tj ET Q q 0 0 0 rg BT 417.13 606.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 444.64 606.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 484.92 606.10 Td (reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 594.10 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 136.63 594.10 Td (including ) Tj ET Q q 0 0 0 rg BT 177.56 594.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 201.83 594.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.42 594.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 246.47 594.10 Td (from ) Tj ET Q q 0 0 0 rg BT 269.07 594.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 294.17 594.10 Td (are ) Tj ET Q q 0 0 0 rg BT 309.53 594.10 Td (passed ) Tj ET Q q 0 0 0 rg BT 339.35 594.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 373.05 594.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.99 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.36 594.10 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 438.06 594.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 475.65 594.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.59 594.10 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 582.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 105.62 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.35 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.97 582.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 179.45 582.10 Td (arrangement.) Tj ET Q q 0 0 0 rg BT 234.24 582.10 Td (The ) Tj ET Q q 0 0 0 rg BT 252.19 582.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 300.68 582.10 Td (related ) Tj ET Q q 0 0 0 rg BT 330.28 582.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 373.78 582.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 416.16 582.10 Td (is ) Tj ET Q q 0 0 0 rg BT 425.23 582.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 460.95 582.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.13 582.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 500.73 582.10 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 570.10 Td (if ) Tj ET Q q 0 0 0 rg BT 89.38 570.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.44 570.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.15 570.10 Td (net ) Tj ET Q q 0 0 0 rg BT 120.64 570.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 140.13 570.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 177.13 570.10 Td (or ) Tj ET Q q 0 0 0 rg BT 187.74 570.10 Td ("Other ) Tj ET Q q 0 0 0 rg BT 216.86 570.10 Td (liabilities", ) Tj ET Q q 0 0 0 rg BT 262.93 570.10 Td (if ) Tj ET Q q 0 0 0 rg BT 271.32 570.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.37 570.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.08 570.10 Td (net ) Tj ET Q q 0 0 0 rg BT 302.57 570.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 320.41 570.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 357.41 570.10 Td (on ) Tj ET Q q 0 0 0 rg BT 369.69 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.18 570.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 439.22 570.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 473.70 570.10 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 502.08 570.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.80 570.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 558.10 Td (related ) Tj ET Q q 0 0 0 rg BT 110.70 558.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 134.31 558.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.14 558.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 171.53 558.10 Td (are ) Tj ET Q q 0 0 0 rg BT 186.24 558.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 222.05 558.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.33 558.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 253.71 558.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 300.09 558.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 328.14 558.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.64 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.36 558.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 410.63 558.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 457.01 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.84 558.10 Td (Operations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 537.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 96.37 537.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.87 537.10 Td (Contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 520.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.66 520.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 165.67 520.60 Td (has ) Tj ET Q q 0 0 0 rg BT 182.12 520.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 197.68 520.60 Td ( ) Tj ET Q q 0 0 0 rg BT 200.80 520.60 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 242.24 520.60 Td (that ) Tj ET Q q 0 0 0 rg BT 260.35 520.60 Td (permit ) Tj ET Q q 0 0 0 rg BT 289.57 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.91 520.60 Td (holder ) Tj ET Q q 0 0 0 rg BT 333.57 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 344.47 520.60 Td (elect ) Tj ET Q q 0 0 0 rg BT 366.46 520.60 Td (an ) Tj ET Q q 0 0 0 rg BT 379.01 520.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 411.56 520.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 429.67 520.60 Td (return ) Tj ET Q q 0 0 0 rg BT 456.66 520.60 Td (or ) Tj ET Q q 0 0 0 rg BT 468.11 520.60 Td (an ) Tj ET Q q 0 0 0 rg BT 480.67 520.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 508.78 520.60 Td (index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 508.60 Td (linked ) Tj ET Q q 0 0 0 rg BT 108.50 508.60 Td (component, ) Tj ET Q q 0 0 0 rg BT 157.95 508.60 Td (where ) Tj ET Q q 0 0 0 rg BT 184.89 508.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 216.83 508.60 Td (credited ) Tj ET Q q 0 0 0 rg BT 251.54 508.60 Td (to ) Tj ET Q q 0 0 0 rg BT 261.83 508.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.56 508.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 315.16 508.60 Td (is ) Tj ET Q q 0 0 0 rg BT 324.34 508.60 Td (linked ) Tj ET Q q 0 0 0 rg BT 351.84 508.60 Td (to ) Tj ET Q q 0 0 0 rg BT 362.13 508.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.86 508.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 429.89 508.60 Td (of ) Tj ET Q q 0 0 0 rg BT 440.73 508.60 Td (various ) Tj ET Q q 0 0 0 rg BT 472.68 508.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 500.18 508.60 Td (indices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 496.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 119.71 496.60 Td (the ) Tj ET Q q 0 0 0 rg BT 133.43 496.60 Td (S&P) Tj ET Q q 0 0 0 rg BT 151.96 496.60 Td ( ) Tj ET Q q 0 0 0 rg BT 153.47 496.60 Td (500 ) Tj ET Q q 0 0 0 rg BT 169.97 496.60 Td (Index. ) Tj ET Q q 0 0 0 rg BT 196.63 496.60 Td (This ) Tj ET Q q 0 0 0 rg BT 215.91 496.60 Td (feature ) Tj ET Q q 0 0 0 rg BT 245.17 496.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 287.21 496.60 Td (an ) Tj ET Q q 0 0 0 rg BT 298.15 496.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 340.75 496.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 382.23 496.60 Td (under ) Tj ET Q q 0 0 0 rg BT 406.50 496.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 425.79 496.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 451.91 496.60 Td (. ) Tj ET Q q 0 0 0 rg BT 455.80 496.60 Td (The ) Tj ET Q q 0 0 0 rg BT 472.85 496.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 488.41 496.60 Td ( ) Tj ET Q q 0 0 0 rg BT 489.92 496.60 Td (embedded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 484.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 124.98 484.60 Td (is ) Tj ET Q q 0 0 0 rg BT 135.65 484.60 Td (valued ) Tj ET Q q 0 0 0 rg BT 166.31 484.60 Td (at ) Tj ET Q q 0 0 0 rg BT 177.53 484.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 195.41 484.60 Td (value ) Tj ET Q q 0 0 0 rg BT 221.07 484.60 Td (and ) Tj ET Q q 0 0 0 rg BT 239.51 484.60 Td (included ) Tj ET Q q 0 0 0 rg BT 277.94 484.60 Td (in ) Tj ET Q q 0 0 0 rg BT 289.72 484.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.94 484.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 341.05 484.60 Td (for ) Tj ET Q q 0 0 0 rg BT 356.71 484.60 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 418.46 484.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 444.69 484.60 Td (in ) Tj ET Q q 0 0 0 rg BT 456.47 484.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.69 484.60 Td (accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 472.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 136.32 472.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 171.06 472.60 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 199.72 472.60 Td (with ) Tj ET Q q 0 0 0 rg BT 220.04 472.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 254.79 472.60 Td (in ) Tj ET Q q 0 0 0 rg BT 265.11 472.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 281.53 472.60 Td (value ) Tj ET Q q 0 0 0 rg BT 305.73 472.60 Td (included ) Tj ET Q q 0 0 0 rg BT 342.71 472.60 Td (as ) Tj ET Q q 0 0 0 rg BT 353.58 472.60 Td (a ) Tj ET Q q 0 0 0 rg BT 360.57 472.60 Td (component ) Tj ET Q q 0 0 0 rg BT 407.54 472.60 Td (of ) Tj ET Q q 0 0 0 rg BT 418.42 472.60 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 458.72 472.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.71 472.60 Td (other ) Tj ET Q q 0 0 0 rg BT 498.80 472.60 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 460.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 460.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 118.77 460.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 158.47 460.60 Td (in ) Tj ET Q q 0 0 0 rg BT 168.75 460.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.47 460.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 238.74 460.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 285.12 460.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.95 460.60 Td (Operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 439.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.70 439.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 163.73 439.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 205.31 439.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 251.33 439.60 Td (consisting ) Tj ET Q q 0 0 0 rg BT 294.03 439.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.51 439.60 Td (a ) Tj ET Q q 0 0 0 rg BT 311.10 439.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 363.24 439.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.72 439.60 Td (call ) Tj ET Q q 0 0 0 rg BT 390.30 439.60 Td (options ) Tj ET Q q 0 0 0 rg BT 421.89 439.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.48 439.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 468.40 439.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 506.64 439.60 Td (on ) Tj ET Q q 0 0 0 rg BT 518.79 439.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 427.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 124.05 427.60 Td (market ) Tj ET Q q 0 0 0 rg BT 153.77 427.60 Td (indices ) Tj ET Q q 0 0 0 rg BT 184.06 427.60 Td (to ) Tj ET Q q 0 0 0 rg BT 193.80 427.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 214.09 427.60 Td (the ) Tj ET Q q 0 0 0 rg BT 228.27 427.60 Td (index ) Tj ET Q q 0 0 0 rg BT 252.44 427.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 281.06 427.60 Td (due ) Tj ET Q q 0 0 0 rg BT 297.46 427.60 Td (to ) Tj ET Q q 0 0 0 rg BT 307.20 427.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 322.76 427.60 Td ( ) Tj ET Q q 0 0 0 rg BT 324.72 427.60 Td (contractholders. ) Tj ET Q q 0 0 0 rg BT 390.68 427.60 Td (The ) Tj ET Q q 0 0 0 rg BT 408.19 427.60 Td (call ) Tj ET Q q 0 0 0 rg BT 424.58 427.60 Td (options ) Tj ET Q q 0 0 0 rg BT 455.99 427.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.16 427.60 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.59 427.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.05 427.60 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.05 427.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.51 427.60 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 427.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 415.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.10 415.60 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.65 415.60 Td ( ) Tj ET Q q 0 0 0 rg BT 116.32 415.60 Td (year ) Tj ET Q q 0 0 0 rg BT 136.19 415.60 Td (options ) Tj ET Q q 0 0 0 rg BT 168.30 415.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 211.50 415.60 Td (to ) Tj ET Q q 0 0 0 rg BT 221.95 415.60 Td (match ) Tj ET Q q 0 0 0 rg BT 249.04 415.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.93 415.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 297.70 415.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 352.57 415.60 Td (of ) Tj ET Q q 0 0 0 rg BT 363.56 415.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.44 415.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 424.43 415.60 Td (policies. ) Tj ET Q q 0 0 0 rg BT 460.70 415.60 Td (On ) Tj ET Q q 0 0 0 rg BT 475.59 415.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.47 415.60 Td (respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 403.60 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 130.75 403.60 Td (dates ) Tj ET Q q 0 0 0 rg BT 154.41 403.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.85 403.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.18 403.60 Td (index ) Tj ET Q q 0 0 0 rg BT 206.50 403.60 Td (policies, ) Tj ET Q q 0 0 0 rg BT 243.22 403.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.54 403.60 Td (index ) Tj ET Q q 0 0 0 rg BT 283.87 403.60 Td (used ) Tj ET Q q 0 0 0 rg BT 305.31 403.60 Td (to ) Tj ET Q q 0 0 0 rg BT 316.20 403.60 Td (compute ) Tj ET Q q 0 0 0 rg BT 353.74 403.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.06 403.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 401.61 403.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 427.48 403.60 Td (is ) Tj ET Q q 0 0 0 rg BT 437.26 403.60 Td (reset ) Tj ET Q q 0 0 0 rg BT 459.25 403.60 Td (and ) Tj ET Q q 0 0 0 rg BT 476.79 403.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.12 403.60 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 391.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 122.93 391.60 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.09 391.60 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.53 391.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.53 391.60 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.53 391.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.54 391.60 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.52 391.60 Td (, ) Tj ET Q q 0 0 0 rg BT 206.52 391.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.36 391.60 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.90 391.60 Td ( ) Tj ET Q q 0 0 0 rg BT 235.41 391.60 Td (year ) Tj ET Q q 0 0 0 rg BT 255.12 391.60 Td (call ) Tj ET Q q 0 0 0 rg BT 272.05 391.60 Td (options ) Tj ET Q q 0 0 0 rg BT 304.00 391.60 Td (to ) Tj ET Q q 0 0 0 rg BT 314.28 391.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 335.12 391.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.84 391.60 Td (next ) Tj ET Q q 0 0 0 rg BT 369.55 391.60 Td (index ) Tj ET Q q 0 0 0 rg BT 394.27 391.60 Td (credit. ) Tj ET Q q 0 0 0 rg BT 421.86 391.60 Td (The ) Tj ET Q q 0 0 0 rg BT 439.91 391.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 481.30 391.60 Td (manages ) Tj ET Q q 0 0 0 rg BT 518.79 391.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 379.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 99.34 379.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.90 379.60 Td (these ) Tj ET Q q 0 0 0 rg BT 132.67 379.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 174.33 379.60 Td (through ) Tj ET Q q 0 0 0 rg BT 207.67 379.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.11 379.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 246.56 379.60 Td (of ) Tj ET Q q 0 0 0 rg BT 257.12 379.60 Td (its ) Tj ET Q q 0 0 0 rg BT 268.80 379.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 284.36 379.60 Td ( ) Tj ET Q q 0 0 0 rg BT 286.59 379.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 327.41 379.60 Td (which ) Tj ET Q q 0 0 0 rg BT 354.08 379.60 Td (permit ) Tj ET Q q 0 0 0 rg BT 382.41 379.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.85 379.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.97 379.60 Td (to ) Tj ET Q q 0 0 0 rg BT 447.98 379.60 Td (change ) Tj ET Q q 0 0 0 rg BT 478.52 379.60 Td (caps, ) Tj ET Q q 0 0 0 rg BT 501.02 379.60 Td (spreads ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 367.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.45 367.60 Td (participation ) Tj ET Q q 0 0 0 rg BT 144.11 367.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 167.61 367.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 198.06 367.60 Td (to ) Tj ET Q q 0 0 0 rg BT 207.96 367.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 253.94 367.60 Td (minimums, ) Tj ET Q q 0 0 0 rg BT 301.34 367.60 Td (on ) Tj ET Q q 0 0 0 rg BT 313.47 367.60 Td (each ) Tj ET Q q 0 0 0 rg BT 333.90 367.60 Td (contract) Tj ET Q q 0 0 0 rg BT 368.88 367.60 Td (s ) Tj ET Q q 0 0 0 rg BT 374.90 367.60 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 423.66 367.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 444.79 367.60 Td (The ) Tj ET Q q 0 0 0 rg BT 462.46 367.60 Td (change ) Tj ET Q q 0 0 0 rg BT 492.89 367.60 Td (in ) Tj ET Q q 0 0 0 rg BT 502.79 367.60 Td (the ) Tj ET Q q 0 0 0 rg BT 517.13 367.60 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 355.60 Td (value ) Tj ET Q q 0 0 0 rg BT 105.26 355.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.19 355.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.00 355.60 Td (call ) Tj ET Q q 0 0 0 rg BT 148.04 355.60 Td (options ) Tj ET Q q 0 0 0 rg BT 180.08 355.60 Td (and ) Tj ET Q q 0 0 0 rg BT 197.12 355.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 227.49 355.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 266.19 355.60 Td (is ) Tj ET Q q 0 0 0 rg BT 275.46 355.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 315.26 355.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 353.40 355.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.78 355.60 Td (of) Tj ET Q q 0 0 0 rg BT 371.93 355.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 388.97 355.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.79 355.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 435.27 355.60 Td (of ) Tj ET Q q 0 0 0 rg BT 446.21 355.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.02 355.60 Td (change ) Tj ET Q q 0 0 0 rg BT 491.94 355.60 Td (in ) Tj ET Q q 0 0 0 rg BT 502.32 355.60 Td (the ) Tj ET Q q 0 0 0 rg BT 517.13 355.60 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 343.60 Td (value ) Tj ET Q q 0 0 0 rg BT 105.86 343.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.39 343.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.81 343.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 148.37 343.60 Td ( ) Tj ET Q q 0 0 0 rg BT 151.58 343.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 195.87 343.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 239.06 343.60 Td (related ) Tj ET Q q 0 0 0 rg BT 269.46 343.60 Td (to ) Tj ET Q q 0 0 0 rg BT 280.44 343.60 Td (index ) Tj ET Q q 0 0 0 rg BT 305.86 343.60 Td (performance. ) Tj ET Q q 0 0 0 rg BT 361.86 343.60 Td (The ) Tj ET Q q 0 0 0 rg BT 380.61 343.60 Td (call ) Tj ET Q q 0 0 0 rg BT 398.24 343.60 Td (options ) Tj ET Q q 0 0 0 rg BT 430.90 343.60 Td (and ) Tj ET Q q 0 0 0 rg BT 448.54 343.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 479.51 343.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 518.81 343.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 331.60 Td (marked ) Tj ET Q q 0 0 0 rg BT 113.12 331.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.04 331.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 139.05 331.60 Td (value ) Tj ET Q q 0 0 0 rg BT 162.85 331.60 Td (with ) Tj ET Q q 0 0 0 rg BT 182.76 331.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.12 331.60 Td (change ) Tj ET Q q 0 0 0 rg BT 227.57 331.60 Td (in ) Tj ET Q q 0 0 0 rg BT 237.49 331.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 253.50 331.60 Td (value ) Tj ET Q q 0 0 0 rg BT 277.29 331.60 Td (included ) Tj ET Q q 0 0 0 rg BT 313.87 331.60 Td (as ) Tj ET Q q 0 0 0 rg BT 324.33 331.60 Td (a ) Tj ET Q q 0 0 0 rg BT 330.91 331.60 Td (component ) Tj ET Q q 0 0 0 rg BT 377.48 331.60 Td (of ) Tj ET Q q 0 0 0 rg BT 387.95 331.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 408.96 331.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 454.98 331.60 Td (gains. ) Tj ET Q q 0 0 0 rg BT 485.01 331.60 Td (The ) Tj ET Q q 0 0 0 rg BT 502.70 331.60 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 319.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.24 319.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.58 319.60 Td (value ) Tj ET Q q 0 0 0 rg BT 131.71 319.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.50 319.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.18 319.60 Td (call ) Tj ET Q q 0 0 0 rg BT 174.08 319.60 Td (options ) Tj ET Q q 0 0 0 rg BT 205.99 319.60 Td (and ) Tj ET Q q 0 0 0 rg BT 222.90 319.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 253.13 319.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 291.69 319.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 327.48 319.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.16 319.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 365.73 319.60 Td (and ) Tj ET Q q 0 0 0 rg BT 382.64 319.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 408.99 319.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 455.32 319.60 Td (at ) Tj ET Q q 0 0 0 rg BT 465.00 319.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.68 319.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 522.69 319.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 307.60 Td (instrument ) Tj ET Q q 0 0 0 rg BT 140.99 307.60 Td (term ) Tj ET Q q 0 0 0 rg BT 161.82 307.60 Td (or ) Tj ET Q q 0 0 0 rg BT 172.65 307.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 195.15 307.60 Td (early ) Tj ET Q q 0 0 0 rg BT 217.63 307.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 266.23 307.60 Td (and ) Tj ET Q q 0 0 0 rg BT 283.17 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 297.88 307.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 332.59 307.60 Td (in ) Tj ET Q q 0 0 0 rg BT 342.87 307.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 359.25 307.60 Td (value ) Tj ET Q q 0 0 0 rg BT 383.40 307.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.23 307.60 Td (open ) Tj ET Q q 0 0 0 rg BT 416.17 307.60 Td (positions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 286.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 130.72 286.60 Td (market ) Tj ET Q q 0 0 0 rg BT 161.43 286.60 Td (exposures ) Tj ET Q q 0 0 0 rg BT 204.37 286.60 Td (are ) Tj ET Q q 0 0 0 rg BT 219.53 286.60 Td (hedged ) Tj ET Q q 0 0 0 rg BT 251.35 286.60 Td (periodically ) Tj ET Q q 0 0 0 rg BT 302.06 286.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 346.67 286.60 Td (on ) Tj ET Q q 0 0 0 rg BT 359.61 286.60 Td (market ) Tj ET Q q 0 0 0 rg BT 390.33 286.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 434.94 286.60 Td (and ) Tj ET Q q 0 0 0 rg BT 452.33 286.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.50 286.60 Td (Company) Tj ET Q q 0 0 0 rg BT 509.16 286.60 Td (s ) Tj ET Q q 0 0 0 rg BT 516.00 286.60 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 274.60 Td (tolerance. ) Tj ET Q q 0 0 0 rg BT 121.91 274.60 Td (The ) Tj ET Q q 0 0 0 rg BT 139.36 274.60 Td (Company) Tj ET Q q 0 0 0 rg BT 181.02 274.60 Td (s ) Tj ET Q q 0 0 0 rg BT 186.82 274.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 202.38 274.60 Td ( ) Tj ET Q q 0 0 0 rg BT 204.28 274.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 238.40 274.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 271.96 274.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 327.73 274.60 Td (hedges ) Tj ET Q q 0 0 0 rg BT 357.40 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 371.52 274.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 398.42 274.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 428.09 274.60 Td (and ) Tj ET Q q 0 0 0 rg BT 444.43 274.60 Td (exposes ) Tj ET Q q 0 0 0 rg BT 478.00 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.12 274.60 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 262.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.05 262.60 Td (the ) Tj ET Q q 0 0 0 rg BT 105.54 262.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 122.81 262.60 Td (that ) Tj ET Q q 0 0 0 rg BT 140.08 262.60 Td (unhedged ) Tj ET Q q 0 0 0 rg BT 181.23 262.60 Td (market ) Tj ET Q q 0 0 0 rg BT 211.26 262.60 Td (exposures ) Tj ET Q q 0 0 0 rg BT 253.52 262.60 Td (result ) Tj ET Q q 0 0 0 rg BT 278.01 262.60 Td (in ) Tj ET Q q 0 0 0 rg BT 288.06 262.60 Td (diver) Tj ET Q q 0 0 0 rg BT 308.43 262.60 Td (gence ) Tj ET Q q 0 0 0 rg BT 334.02 262.60 Td (between ) Tj ET Q q 0 0 0 rg BT 369.60 262.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 404.08 262.60 Td (in ) Tj ET Q q 0 0 0 rg BT 414.13 262.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.62 262.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 444.77 262.60 Td (value ) Tj ET Q q 0 0 0 rg BT 468.70 262.60 Td (of ) Tj ET Q q 0 0 0 rg BT 479.30 262.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.79 262.60 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 250.60 Td (and ) Tj ET Q q 0 0 0 rg BT 96.84 250.60 Td (the ) Tj ET Q q 0 0 0 rg BT 110.46 250.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 144.08 250.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 171.21 250.60 Td (The ) Tj ET Q q 0 0 0 rg BT 188.16 250.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 228.45 250.60 Td (uses ) Tj ET Q q 0 0 0 rg BT 247.08 250.60 Td (a ) Tj ET Q q 0 0 0 rg BT 252.92 250.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 282.08 250.60 Td (of ) Tj ET Q q 0 0 0 rg BT 291.82 250.60 Td (techniques, ) Tj ET Q q 0 0 0 rg BT 338.48 250.60 Td (including ) Tj ET Q q 0 0 0 rg BT 377.66 250.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 401.83 250.60 Td (estimation ) Tj ET Q q 0 0 0 rg BT 444.89 250.60 Td (of ) Tj ET Q q 0 0 0 rg BT 454.62 250.60 Td (market ) Tj ET Q q 0 0 0 rg BT 483.79 250.60 Td (sensitivities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 238.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.55 238.60 Td (value-at-risk ) Tj ET Q q 0 0 0 rg BT 152.19 238.60 Td (to ) Tj ET Q q 0 0 0 rg BT 163.08 238.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 197.86 238.60 Td (this ) Tj ET Q q 0 0 0 rg BT 215.42 238.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 233.53 238.60 Td (daily) Tj ET Q q 0 0 0 rg BT 252.88 238.60 Td (. ) Tj ET Q q 0 0 0 rg BT 258.27 238.60 Td (The ) Tj ET Q q 0 0 0 rg BT 276.92 238.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.92 238.60 Td (intends ) Tj ET Q q 0 0 0 rg BT 350.92 238.60 Td (to ) Tj ET Q q 0 0 0 rg BT 361.81 238.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 399.36 238.60 Td (to ) Tj ET Q q 0 0 0 rg BT 410.25 238.60 Td (adjust ) Tj ET Q q 0 0 0 rg BT 437.25 238.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.57 238.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 487.90 238.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 522.67 238.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 226.60 Td (market ) Tj ET Q q 0 0 0 rg BT 111.26 226.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 155.43 226.60 Td (and ) Tj ET Q q 0 0 0 rg BT 172.37 226.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.08 226.60 Td (Company) Tj ET Q q 0 0 0 rg BT 228.75 226.60 Td (s ) Tj ET Q q 0 0 0 rg BT 235.14 226.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 252.64 226.60 Td (tolerance ) Tj ET Q q 0 0 0 rg BT 291.78 226.60 Td (change.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 205.60 Td (Call ) Tj ET Q q 0 0 0 rg BT 100.73 205.60 Td (option ) Tj ET Q q 0 0 0 rg BT 128.78 205.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 162.94 205.60 Td (to ) Tj ET Q q 0 0 0 rg BT 173.22 205.60 Td (FSRCI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 184.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 131.56 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.85 184.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 172.13 184.60 Td (of ) Tj ET Q q 0 0 0 rg BT 183.54 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.82 184.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 238.00 184.60 Td (coinsurance ) Tj ET Q q 0 0 0 rg BT 288.82 184.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 341.86 184.60 Td (with ) Tj ET Q q 0 0 0 rg BT 362.71 184.60 Td (FSRCI, ) Tj ET Q q 0 0 0 rg BT 396.07 184.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 414.59 184.60 Td ( ) Tj ET Q q 0 0 0 rg BT 417.66 184.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 459.60 184.60 Td (is ) Tj ET Q q 0 0 0 rg BT 469.34 184.60 Td (required ) Tj ET Q q 0 0 0 rg BT 505.73 184.60 Td (to ) Tj ET Q q 0 0 0 rg BT 516.58 184.60 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 172.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 111.08 172.60 Td (a ) Tj ET Q q 0 0 0 rg BT 117.80 172.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 148.98 172.60 Td (of ) Tj ET Q q 0 0 0 rg BT 159.59 172.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.10 172.60 Td (net ) Tj ET Q q 0 0 0 rg BT 188.60 172.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 207.00 172.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.61 172.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 244.90 172.60 Td (option ) Tj ET Q q 0 0 0 rg BT 272.74 172.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 314.45 172.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.18 172.60 Td (the ) Tj ET Q q 0 0 0 rg BT 345.68 172.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 383.51 172.60 Td (from ) Tj ET Q q 0 0 0 rg BT 405.23 172.60 Td (expirations ) Tj ET Q q 0 0 0 rg BT 451.95 172.60 Td (related ) Tj ET Q q 0 0 0 rg BT 481.44 172.60 Td (to ) Tj ET Q q 0 0 0 rg BT 491.50 172.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.01 172.60 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 160.60 Td (options ) Tj ET Q q 0 0 0 rg BT 112.71 160.60 Td (which ) Tj ET Q q 0 0 0 rg BT 139.42 160.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 165.56 160.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.04 160.60 Td (index ) Tj ET Q q 0 0 0 rg BT 204.52 160.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 229.55 160.60 Td (feature ) Tj ET Q q 0 0 0 rg BT 259.57 160.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.16 160.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.64 160.60 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 324.12 160.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 339.68 160.60 Td ( ) Tj ET Q q 0 0 0 rg BT 341.94 160.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 382.30 160.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 431.64 160.60 Td (, ) Tj ET Q q 0 0 0 rg BT 436.40 160.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.88 160.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 484.24 160.60 Td (to ) Tj ET Q q 0 0 0 rg BT 494.28 160.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 524.34 160.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 148.60 Td (reflected ) Tj ET Q q 0 0 0 rg BT 119.19 148.60 Td (in ) Tj ET Q q 0 0 0 rg BT 130.19 148.60 Td ("Funds ) Tj ET Q q 0 0 0 rg BT 161.95 148.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 200.17 148.60 Td (for ) Tj ET Q q 0 0 0 rg BT 215.05 148.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 264.36 148.60 Td (liabilities" ) Tj ET Q q 0 0 0 rg BT 308.88 148.60 Td (as ) Tj ET Q q 0 0 0 rg BT 320.43 148.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.99 148.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.43 148.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 381.18 148.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 404.95 148.60 Td (date ) Tj ET Q q 0 0 0 rg BT 424.83 148.60 Td (with ) Tj ET Q q 0 0 0 rg BT 445.83 148.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 481.26 148.60 Td (in ) Tj ET Q q 0 0 0 rg BT 492.26 148.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.36 148.60 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 136.60 Td (reflected ) Tj ET Q q 0 0 0 rg BT 118.47 136.60 Td (in ) Tj ET Q q 0 0 0 rg BT 128.75 136.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.47 136.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 190.55 136.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 245.82 136.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 292.20 136.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.03 136.60 Td (Operations.) Tj ET Q BT /F1 13.00 Tf ET q 0 0 0 rg BT 81.00 118.00 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 84.25 118.00 Td (Cr) Tj ET Q q 0 0 0 rg BT 94.44 118.00 Td (edit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 99.00 Td (The ) Tj ET Q q 0 0 0 rg BT 122.34 99.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.52 99.00 Td (is ) Tj ET Q q 0 0 0 rg BT 174.48 99.00 Td (exposed ) Tj ET Q q 0 0 0 rg BT 210.54 99.00 Td (to ) Tj ET Q q 0 0 0 rg BT 221.61 99.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 247.66 99.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 266.51 99.00 Td (in ) Tj ET Q q 0 0 0 rg BT 277.58 99.00 Td (the ) Tj ET Q q 0 0 0 rg BT 293.09 99.00 Td (event ) Tj ET Q q 0 0 0 rg BT 318.04 99.00 Td (of ) Tj ET Q q 0 0 0 rg BT 329.66 99.00 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 401.80 99.00 Td (by ) Tj ET Q q 0 0 0 rg BT 415.09 99.00 Td (its ) Tj ET Q q 0 0 0 rg BT 427.83 99.00 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 487.76 99.00 Td (on ) Tj ET Q q 0 0 0 rg BT 501.05 99.00 Td (the ) Tj ET Q q 0 0 0 rg BT 516.56 99.00 Td (call ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 87.00 Td (options ) Tj ET Q q 0 0 0 rg BT 112.47 87.00 Td (and ) Tj ET Q q 0 0 0 rg BT 128.94 87.00 Td (reflects ) Tj ET Q q 0 0 0 rg BT 160.39 87.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 211.86 87.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 252.21 87.00 Td (this ) Tj ET Q q 0 0 0 rg BT 268.68 87.00 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 339.56 87.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 356.59 87.00 Td (in ) Tj ET Q q 0 0 0 rg BT 366.39 87.00 Td (the ) Tj ET Q q 0 0 0 rg BT 380.63 87.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 396.54 87.00 Td (value ) Tj ET Q q 0 0 0 rg BT 420.22 87.00 Td (of ) Tj ET Q q 0 0 0 rg BT 430.58 87.00 Td (the ) Tj ET Q q 0 0 0 rg BT 444.82 87.00 Td (call ) Tj ET Q q 0 0 0 rg BT 461.28 87.00 Td (options. ) Tj ET Q q 0 0 0 rg BT 495.11 87.00 Td (The ) Tj ET Q q 0 0 0 rg BT 512.68 87.00 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 75.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 133.65 75.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 150.77 75.00 Td (is ) Tj ET Q q 0 0 0 rg BT 159.56 75.00 Td (the ) Tj ET Q q 0 0 0 rg BT 173.91 75.00 Td (net ) Tj ET Q q 0 0 0 rg BT 188.25 75.00 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 240.90 75.00 Td (exposure ) Tj ET Q q 0 0 0 rg BT 279.13 75.00 Td (based ) Tj ET Q q 0 0 0 rg BT 304.02 75.00 Td (on ) Tj ET Q q 0 0 0 rg BT 316.14 75.00 Td (the ) Tj ET Q q 0 0 0 rg BT 330.48 75.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 346.48 75.00 Td (value ) Tj ET Q q 0 0 0 rg BT 370.26 75.00 Td (of ) Tj ET Q q 0 0 0 rg BT 380.72 75.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.06 75.00 Td (open ) Tj ET Q q 0 0 0 rg BT 416.62 75.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 454.84 75.00 Td (less ) Tj ET Q q 0 0 0 rg BT 471.96 75.00 Td (collateral ) Tj ET Q q 0 0 0 rg BT 511.28 75.00 Td (held. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 63.00 Td (The ) Tj ET Q q 0 0 0 rg BT 99.37 63.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 141.08 63.00 Td (maintains ) Tj ET Q q 0 0 0 rg BT 182.78 63.00 Td (a ) Tj ET Q q 0 0 0 rg BT 190.04 63.00 Td (policy ) Tj ET Q q 0 0 0 rg BT 217.86 63.00 Td (of ) Tj ET Q q 0 0 0 rg BT 229.01 63.00 Td (requiring ) Tj ET Q q 0 0 0 rg BT 268.48 63.00 Td (all ) Tj ET Q q 0 0 0 rg BT 281.30 63.00 Td (derivative ) Tj ET Q q 0 0 0 rg BT 324.10 63.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 363.02 63.00 Td (to ) Tj ET Q q 0 0 0 rg BT 373.62 63.00 Td (be ) Tj ET Q q 0 0 0 rg BT 385.88 63.00 Td (governed ) Tj ET Q q 0 0 0 rg BT 425.90 63.00 Td (by ) Tj ET Q q 0 0 0 rg BT 438.73 63.00 Td (an ) Tj ET Q q 0 0 0 rg BT 450.99 63.00 Td (International ) Tj ET Q q 0 0 0 rg BT 504.90 63.00 Td (Swaps ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 51.00 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 51.00 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 145.98 51.00 Td (Association ) Tj ET Q q 0 0 0 rg BT 195.70 51.00 Td (\(ISDA\) ) Tj ET Q q 0 0 0 rg BT 237.07 51.00 Td (Master ) Tj ET Q q 0 0 0 rg BT 266.79 51.00 Td (Agreement.) Tj ET Q endstream endobj 279 0 obj <>] /Rotate 0 /Contents 280 0 R>> endobj 280 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 153.80 742.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 194.66 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.41 742.10 Td (Company) Tj ET Q q 0 0 0 rg BT 251.08 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 257.50 742.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 296.14 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.46 742.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 331.76 742.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 349.86 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.40 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.15 742.10 Td (call ) Tj ET Q q 0 0 0 rg BT 394.12 742.10 Td (options ) Tj ET Q q 0 0 0 rg BT 426.11 742.10 Td (it ) Tj ET Q q 0 0 0 rg BT 434.21 742.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 458.41 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 467.62 742.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 508.47 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.79 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (following ) Tj ET Q q 0 0 0 rg BT 122.39 730.10 Td (table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 647.60 54.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 647.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 647.60 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 647.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 647.60 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 647.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 647.60 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 647.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 647.60 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 647.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 647.60 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 647.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 647.60 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 647.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 647.60 37.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 647.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 647.60 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 647.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 647.60 40.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 604.60 54.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 604.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 604.60 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 604.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 604.60 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 604.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 604.60 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 604.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 604.60 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 604.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 604.60 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 604.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 604.60 41.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 604.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 604.60 37.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 604.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 604.60 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 604.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 604.60 40.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 550.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 550.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 550.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 550.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 550.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 550.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 550.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 550.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 550.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 550.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 550.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 550.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 550.60 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 550.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 550.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 550.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 550.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 550.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 550.60 40.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 706.6 m 225.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 706.6 m 229.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 706.6 m 267.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 706.6 m 271.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 706.6 m 313.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 706.6 m 317.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 706.6 m 355.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 706.6 m 400.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 706.6 m 404.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 706.6 m 441.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 706.6 m 445.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 706.6 m 487.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 706.6 m 531.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 664.6 m 135.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 139.5 664.6 m 180.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 664.6 m 225.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 664.6 m 267.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 664.6 m 313.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 664.6 m 355.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 664.6 m 400.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 664.6 m 441.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 706.6 m 487.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 664.6 m 487.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 706.6 m 531.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 664.6 m 531.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 664.6 m 135.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 139.5 664.6 m 180.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 664.6 m 225.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 664.6 m 267.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 664.6 m 313.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 664.6 m 355.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 664.6 m 400.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 664.6 m 441.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 664.6 m 487.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 664.6 m 531.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 550.6 m 225.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 538.6 m 225.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 536.6 m 225.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 550.6 m 267.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 538.6 m 267.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 536.6 m 267.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 550.6 m 313.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 538.6 m 313.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 536.6 m 313.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 550.6 m 355.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 538.6 m 355.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 536.6 m 355.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 550.6 m 400.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 538.6 m 400.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 536.6 m 400.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 550.6 m 441.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 538.6 m 441.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 536.6 m 441.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 550.6 m 487.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 538.6 m 487.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 536.6 m 487.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 550.6 m 531.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 538.6 m 531.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 536.6 m 531.5 536.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.10 710.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.60 710.83 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 668.83 Td (Counterparty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 148.45 698.68 Td (Cr) Tj ET Q q 0 0 0 rg BT 157.63 698.68 Td (edit ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 147.90 690.68 Td (Rating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 148.15 682.68 Td (\(Fitch/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 143.70 674.68 Td (Moody's/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 144.50 666.73 Td (S&P\) \(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.80 676.83 Td (Notional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.45 668.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.70 676.83 Td (Fair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.35 668.83 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.85 668.83 Td (Collateral) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.00 684.83 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.95 676.83 Td (Credit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.20 668.83 Td (Risk) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.80 676.83 Td (Notional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.45 668.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.20 676.83 Td (Fair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.85 668.83 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.85 668.83 Td (Collateral) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 684.83 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.95 676.83 Td (Credit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.20 668.83 Td (Risk) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 651.85 Td (Merrill Lynch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 148.90 651.83 Td ( ) Tj ET Q q 0 0 0 rg BT 150.46 651.83 Td (A/*/A) Tj ET Q q 0 0 0 rg BT 170.02 651.83 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 651.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 651.85 Td (2,302) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.00 651.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.30 651.85 Td (55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.00 651.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 651.85 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 651.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 651.85 Td (45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 651.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 651.85 Td (2,233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 651.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 651.85 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 651.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 651.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 651.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.25 651.85 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 639.55 Td (Deutsche) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 631.55 Td (Bank) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.60 639.68 Td ( */Baa3/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 149.20 631.68 Td (BBB+ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 632.85 Td (1,620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.30 632.85 Td (46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 632.85 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 632.85 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 632.85 Td (2,482) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 632.85 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 632.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.25 632.85 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 616.85 Td (Morgan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 608.85 Td (Stanley) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 146.70 608.83 Td ( */A1/A) Tj ET Q q 0 0 0 rg BT 172.26 608.83 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 608.85 Td (2,952) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.30 608.85 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 608.85 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 608.85 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 608.85 Td (4,086) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 608.85 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 608.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.25 608.85 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 596.55 Td (Barclay's) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 588.55 Td (Bank) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.15 589.83 Td ( */A2/A- ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 589.85 Td (1,389) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.30 589.85 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 589.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 589.85 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.25 589.85 Td (392) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 589.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 589.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 589.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 570.85 Td (Canadian) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 562.85 Td (Imperial Bank) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 554.85 Td (of Commerce) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 144.50 562.83 Td ( ) Tj ET Q q 0 0 0 rg BT 146.06 562.83 Td (AA-/A3/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 154.30 554.83 Td (A+ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 554.85 Td (1,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.30 554.85 Td (49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 554.85 Td (48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.30 554.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 554.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 554.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 554.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.25 554.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.00 541.83 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 541.85 Td (9,886) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.30 541.85 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.25 541.85 Td (128) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.30 541.85 Td (148) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 541.85 Td (9,193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 541.85 Td (81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 541.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 541.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.25 541.85 Td (74) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 523.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 94.05 523.10 Td (An ) Tj ET Q q 0 0 0 rg BT 108.77 523.10 Td (* ) Tj ET Q q 0 0 0 rg BT 116.27 523.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 159.31 523.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 184.57 523.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 214.29 523.10 Td (that ) Tj ET Q q 0 0 0 rg BT 231.78 523.10 Td (were ) Tj ET Q q 0 0 0 rg BT 253.71 523.10 Td (not ) Tj ET Q q 0 0 0 rg BT 268.99 523.10 Td (available.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 499.10 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 124.43 499.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 139.06 499.10 Td (eements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 480.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.24 480.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.32 480.10 Td (is ) Tj ET Q q 0 0 0 rg BT 171.19 480.10 Td (required ) Tj ET Q q 0 0 0 rg BT 206.70 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.67 480.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 253.86 480.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 294.94 480.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 324.35 480.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.88 480.10 Td (a ) Tj ET Q q 0 0 0 rg BT 341.51 480.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 369.25 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.77 480.10 Td (routine ) Tj ET Q q 0 0 0 rg BT 410.29 480.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 444.13 480.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.65 480.10 Td (part ) Tj ET Q q 0 0 0 rg BT 472.40 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.92 480.10 Td (its ) Tj ET Q q 0 0 0 rg BT 494.56 480.10 Td (over) Tj ET Q q 0 0 0 rg BT 512.13 480.10 Td (-the-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 468.10 Td (counter ) Tj ET Q q 0 0 0 rg BT 112.66 468.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 154.32 468.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 201.53 468.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.20 468.10 Td (ISDA) Tj ET Q q 0 0 0 rg BT 235.99 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.66 468.10 Td (forms. ) Tj ET Q q 0 0 0 rg BT 265.17 468.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 291.84 468.10 Td (some ) Tj ET Q q 0 0 0 rg BT 314.62 468.10 Td (ISDA) Tj ET Q q 0 0 0 rg BT 337.40 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.08 468.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 388.79 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.68 468.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 443.24 468.10 Td (has ) Tj ET Q q 0 0 0 rg BT 458.25 468.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 486.57 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.03 468.10 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 456.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 110.57 456.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 147.92 456.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 182.51 456.10 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 214.08 456.10 Td (A) Tj ET Q q 0 0 0 rg BT 220.75 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.12 456.10 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 269.92 456.10 Td (below ) Tj ET Q q 0 0 0 rg BT 296.72 456.10 Td (these ) Tj ET Q q 0 0 0 rg BT 319.64 456.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 345.34 456.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 382.15 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.73 456.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 449.64 456.10 Td (under ) Tj ET Q q 0 0 0 rg BT 474.78 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.36 456.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.43 444.10 Td (right ) Tj ET Q q 0 0 0 rg BT 116.54 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.53 444.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 166.50 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.94 444.10 Td (open ) Tj ET Q q 0 0 0 rg BT 202.59 444.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 244.79 444.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 283.10 444.10 Td (between ) Tj ET Q q 0 0 0 rg BT 318.63 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.06 444.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 364.43 444.10 Td (at ) Tj ET Q q 0 0 0 rg BT 373.86 444.10 Td (which ) Tj ET Q q 0 0 0 rg BT 400.52 444.10 Td (time ) Tj ET Q q 0 0 0 rg BT 420.51 444.10 Td (any ) Tj ET Q q 0 0 0 rg BT 437.16 444.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 473.26 444.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 506.57 444.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.79 444.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.08 432.10 Td (or ) Tj ET Q q 0 0 0 rg BT 132.60 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.00 432.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 199.73 432.10 Td (would ) Tj ET Q q 0 0 0 rg BT 226.92 432.10 Td (be ) Tj ET Q q 0 0 0 rg BT 238.54 432.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 281.83 432.10 Td (on ) Tj ET Q q 0 0 0 rg BT 294.02 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.42 432.10 Td (market ) Tj ET Q q 0 0 0 rg BT 338.38 432.10 Td (value ) Tj ET Q q 0 0 0 rg BT 362.22 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.74 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.15 432.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 432.67 432.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 474.84 432.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 515.46 432.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 420.10 Td (Company) Tj ET Q q 0 0 0 rg BT 122.67 420.10 Td (s ) Tj ET Q q 0 0 0 rg BT 130.73 420.10 Td (current ) Tj ET Q q 0 0 0 rg BT 163.22 420.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 190.72 420.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 221.00 420.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 258.50 420.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 319.32 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.71 420.10 Td (right ) Tj ET Q q 0 0 0 rg BT 358.77 420.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.72 420.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 412.66 420.10 Td (ISDA) Tj ET Q q 0 0 0 rg BT 435.44 420.10 Td ( ) Tj ET Q q 0 0 0 rg BT 439.61 420.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 491.82 420.10 Td (No ) Tj ET Q q 0 0 0 rg BT 508.21 420.10 Td (ISDA) Tj ET Q q 0 0 0 rg BT 531.00 420.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 130.33 408.10 Td (have ) Tj ET Q q 0 0 0 rg BT 153.01 408.10 Td (been ) Tj ET Q q 0 0 0 rg BT 175.69 408.10 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 224.75 408.10 Td (although ) Tj ET Q q 0 0 0 rg BT 263.55 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.56 408.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 340.01 408.10 Td (have ) Tj ET Q q 0 0 0 rg BT 362.68 408.10 Td (reserved ) Tj ET Q q 0 0 0 rg BT 400.35 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.37 408.10 Td (right ) Tj ET Q q 0 0 0 rg BT 439.06 408.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.64 408.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 492.20 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.22 408.10 Td (ISDA) Tj ET Q q 0 0 0 rg BT 531.00 408.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 129.22 396.10 Td (at ) Tj ET Q q 0 0 0 rg BT 139.12 396.10 Td (any ) Tj ET Q q 0 0 0 rg BT 156.24 396.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 179.20 396.10 Td (In ) Tj ET Q q 0 0 0 rg BT 190.22 396.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 220.11 396.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 273.06 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.96 396.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 329.53 396.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.65 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.56 396.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 414.77 396.10 Td (have ) Tj ET Q q 0 0 0 rg BT 436.34 396.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 468.45 396.10 Td (into ) Tj ET Q q 0 0 0 rg BT 486.69 396.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.81 396.10 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 384.10 Td (support ) Tj ET Q q 0 0 0 rg BT 112.30 384.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 155.25 384.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 193.20 384.10 Td (either ) Tj ET Q q 0 0 0 rg BT 217.27 384.10 Td (party ) Tj ET Q q 0 0 0 rg BT 239.12 384.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.20 384.10 Td (post ) Tj ET Q q 0 0 0 rg BT 266.17 384.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 304.67 384.10 Td (when ) Tj ET Q q 0 0 0 rg BT 327.64 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.16 384.10 Td (net ) Tj ET Q q 0 0 0 rg BT 354.68 384.10 Td (exposures ) Tj ET Q q 0 0 0 rg BT 395.97 384.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 425.03 384.10 Td (pre-determined ) Tj ET Q q 0 0 0 rg BT 487.41 384.10 Td (thresholds. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 372.10 Td (These ) Tj ET Q q 0 0 0 rg BT 106.69 372.10 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 149.61 372.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 169.19 372.10 Td (by ) Tj ET Q q 0 0 0 rg BT 181.01 372.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 233.35 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.60 372.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 274.18 372.10 Td (rating. ) Tj ET Q q 0 0 0 rg BT 301.42 372.10 Td (As ) Tj ET Q q 0 0 0 rg BT 314.34 372.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.49 372.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 384.06 372.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.06 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.88 372.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.13 372.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.13 372.10 Td (, ) Tj ET Q q 0 0 0 rg BT 446.44 372.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 504.89 372.10 Td (posted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 360.10 Td (128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.55 360.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.55 360.10 Td ($7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.55 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.10 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.98 360.10 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 186.23 360.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 233.90 360.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.95 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.83 360.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.83 360.10 Td ($1) Tj ET Q q 0 0 0 rg BT 286.45 360.10 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.45 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.01 360.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 360.10 Td ($7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.55 360.10 Td (is ) Tj ET Q q 0 0 0 rg BT 337.78 360.10 Td (included ) Tj ET Q q 0 0 0 rg BT 374.76 360.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.10 360.10 Td ("Cash ) Tj ET Q q 0 0 0 rg BT 411.73 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.72 360.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 449.05 360.10 Td (equivalents" ) Tj ET Q q 0 0 0 rg BT 501.22 360.10 Td (with ) Tj ET Q q 0 0 0 rg BT 521.56 360.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 348.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 125.88 348.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 160.77 348.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.22 348.10 Td (this ) Tj ET Q q 0 0 0 rg BT 194.46 348.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 235.45 348.10 Td (included ) Tj ET Q q 0 0 0 rg BT 273.67 348.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.24 348.10 Td ("Other ) Tj ET Q q 0 0 0 rg BT 315.88 348.10 Td (liabilities" ) Tj ET Q q 0 0 0 rg BT 360.97 348.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.76 348.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.77 348.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 447.34 348.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 483.33 348.10 Td (Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.44 348.10 Td (. ) Tj ET Q q 0 0 0 rg BT 515.46 348.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 336.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.97 336.10 Td ($10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.97 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.41 336.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.28 336.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.28 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.71 336.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.47 336.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 214.00 336.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 252.63 336.10 Td (was ) Tj ET Q q 0 0 0 rg BT 269.62 336.10 Td (held ) Tj ET Q q 0 0 0 rg BT 288.26 336.10 Td (by ) Tj ET Q q 0 0 0 rg BT 299.70 336.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.57 336.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 349.76 336.10 Td (custodian ) Tj ET Q q 0 0 0 rg BT 389.52 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.39 336.10 Td (is ) Tj ET Q q 0 0 0 rg BT 413.49 336.10 Td (not ) Tj ET Q q 0 0 0 rg BT 427.70 336.10 Td (included ) Tj ET Q q 0 0 0 rg BT 463.57 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.78 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.43 336.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 324.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 136.51 324.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 171.45 324.10 Td (Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.56 324.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.29 324.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.25 324.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 270.75 324.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.75 324.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.49 324.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.66 324.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.66 324.10 Td (, ) Tj ET Q q 0 0 0 rg BT 335.90 324.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 383.56 324.10 Td (. ) Tj ET Q q 0 0 0 rg BT 388.19 324.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 437.53 324.10 Td (, ) Tj ET Q q 0 0 0 rg BT 442.76 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.72 324.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 501.01 324.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.86 312.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 109.96 312.10 Td (due ) Tj ET Q q 0 0 0 rg BT 126.93 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.24 312.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 162.54 312.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 180.07 312.10 Td (that ) Tj ET Q q 0 0 0 rg BT 197.60 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.35 312.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 253.77 312.10 Td (would ) Tj ET Q q 0 0 0 rg BT 281.30 312.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 304.38 312.10 Td (if ) Tj ET Q q 0 0 0 rg BT 313.02 312.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 342.21 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.52 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.27 312.10 Td (call ) Tj ET Q q 0 0 0 rg BT 384.24 312.10 Td (options ) Tj ET Q q 0 0 0 rg BT 416.22 312.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 441.52 312.10 Td (completely ) Tj ET Q q 0 0 0 rg BT 488.48 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.79 312.10 Td (perform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 300.10 Td (according ) Tj ET Q q 0 0 0 rg BT 122.92 300.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.20 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.92 300.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 172.64 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.47 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.18 300.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 236.78 300.10 Td (was ) Tj ET Q q 0 0 0 rg BT 254.83 300.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.83 300.10 Td (148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.83 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.33 300.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.27 300.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.27 300.10 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.27 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.77 300.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.48 300.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 381.75 300.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.75 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.25 300.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.19 300.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.19 300.10 Td (, ) Tj ET Q q 0 0 0 rg BT 446.19 300.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 493.85 300.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 281.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.13 281.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.10 281.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.41 281.10 Td (559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.41 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.49 281.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.01 281.10 Td (738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.01 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.10 281.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 268.95 281.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 308.13 281.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.43 281.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 379.28 281.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.28 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.37 281.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.89 281.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.89 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 445.47 281.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 493.14 281.10 Td (. ) Tj ET Q q 0 0 0 rg BT 498.50 281.10 Td (The ) Tj ET Q q 0 0 0 rg BT 517.13 281.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 269.10 Td (value ) Tj ET Q q 0 0 0 rg BT 105.10 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.87 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.52 269.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 160.73 269.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 199.27 269.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 242.24 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.90 269.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 303.77 269.10 Td (unsettled ) Tj ET Q q 0 0 0 rg BT 342.31 269.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 380.30 269.10 Td (mar) Tj ET Q q 0 0 0 rg BT 395.66 269.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 410.88 269.10 Td (\(open ) Tj ET Q q 0 0 0 rg BT 436.09 269.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 458.52 269.10 Td (equity) Tj ET Q q 0 0 0 rg BT 482.86 269.10 Td (, ) Tj ET Q q 0 0 0 rg BT 487.80 269.10 Td (net ) Tj ET Q q 0 0 0 rg BT 502.46 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.23 269.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 257.10 Td (settlements\). ) Tj ET Q q 0 0 0 rg BT 134.52 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 152.97 257.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.76 257.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 232.11 257.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 252.78 257.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 292.89 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.57 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.70 257.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 378.24 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.81 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.93 257.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 434.17 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.52 257.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 489.97 257.10 Td (mar) Tj ET Q q 0 0 0 rg BT 505.33 257.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 521.02 257.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.31 245.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 125.17 245.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 163.36 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 189.89 245.10 Td (is ) Tj ET Q q 0 0 0 rg BT 198.66 245.10 Td (included ) Tj ET Q q 0 0 0 rg BT 235.18 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.06 245.10 Td ("Cash ) Tj ET Q q 0 0 0 rg BT 271.23 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.76 245.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 307.63 245.10 Td (equivalents" ) Tj ET Q q 0 0 0 rg BT 359.34 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.22 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.53 245.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 443.93 245.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 498.80 245.10 Td (Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 233.10 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 111.44 233.10 Td (The ) Tj ET Q q 0 0 0 rg BT 128.97 233.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 160.94 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.24 233.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.99 233.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 230.16 233.10 Td (held ) Tj ET Q q 0 0 0 rg BT 249.36 233.10 Td (by ) Tj ET Q q 0 0 0 rg BT 261.33 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.53 233.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 334.14 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.78 233.10 Td (such ) Tj ET Q q 0 0 0 rg BT 368.09 233.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 406.16 233.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.69 233.10 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.69 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.66 233.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.08 233.10 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.08 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.05 233.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.25 233.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 221.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 221.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.44 221.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.44 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 145.44 221.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 193.10 221.10 Td (. ) Tj ET Q endstream endobj 281 0 obj <>] /Rotate 0 /Contents 282 0 R>> endobj 282 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.50 742.25 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 97.66 742.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 115.80 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 118.12 742.25 Td (V) Tj ET Q q 0 0 0 rg BT 124.43 742.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 144.71 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.54 742.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 198.04 742.25 Td (Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 723.25 Td (The ) Tj ET Q q 0 0 0 rg BT 121.81 723.25 Td (Company) Tj ET Q q 0 0 0 rg BT 163.48 723.25 Td (s ) Tj ET Q q 0 0 0 rg BT 170.14 723.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 226.21 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.31 723.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 253.95 723.25 Td (value ) Tj ET Q q 0 0 0 rg BT 278.37 723.25 Td (is ) Tj ET Q q 0 0 0 rg BT 287.81 723.25 Td (based ) Tj ET Q q 0 0 0 rg BT 313.34 723.25 Td (on ) Tj ET Q q 0 0 0 rg BT 326.11 723.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 378.32 723.25 Td (used ) Tj ET Q q 0 0 0 rg BT 399.42 723.25 Td (by ) Tj ET Q q 0 0 0 rg BT 412.19 723.25 Td (market ) Tj ET Q q 0 0 0 rg BT 442.72 723.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 492.13 723.25 Td (in ) Tj ET Q q 0 0 0 rg BT 502.68 723.25 Td (pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.19 711.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 116.60 711.25 Td (or ) Tj ET Q q 0 0 0 rg BT 126.90 711.25 Td (liability) Tj ET Q q 0 0 0 rg BT 157.36 711.25 Td (, ) Tj ET Q q 0 0 0 rg BT 161.83 711.25 Td (which ) Tj ET Q q 0 0 0 rg BT 188.24 711.25 Td (may ) Tj ET Q q 0 0 0 rg BT 207.43 711.25 Td (include ) Tj ET Q q 0 0 0 rg BT 238.83 711.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 273.57 711.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 293.04 711.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 339.45 711.25 Td (on ) Tj ET Q q 0 0 0 rg BT 351.42 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.61 711.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 383.13 711.25 Td (or ) Tj ET Q q 0 0 0 rg BT 393.43 711.25 Td (use ) Tj ET Q q 0 0 0 rg BT 408.73 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.03 711.25 Td (an ) Tj ET Q q 0 0 0 rg BT 430.44 711.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 451.85 711.25 Td (or ) Tj ET Q q 0 0 0 rg BT 462.15 711.25 Td (non-performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 100.58 699.25 Td (which ) Tj ET Q q 0 0 0 rg BT 127.11 699.25 Td (may ) Tj ET Q q 0 0 0 rg BT 146.41 699.25 Td (include ) Tj ET Q q 0 0 0 rg BT 177.92 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.23 699.25 Td (Company) Tj ET Q q 0 0 0 rg BT 233.89 699.25 Td (s ) Tj ET Q q 0 0 0 rg BT 239.87 699.25 Td (own ) Tj ET Q q 0 0 0 rg BT 259.17 699.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 284.02 699.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 303.45 699.25 Td (The ) Tj ET Q q 0 0 0 rg BT 321.08 699.25 Td (Company) Tj ET Q q 0 0 0 rg BT 362.75 699.25 Td (s ) Tj ET Q q 0 0 0 rg BT 368.72 699.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 404.13 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.54 699.25 Td (an ) Tj ET Q q 0 0 0 rg BT 426.06 699.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 465.90 699.25 Td (price ) Tj ET Q q 0 0 0 rg BT 487.97 699.25 Td (is ) Tj ET Q q 0 0 0 rg BT 496.73 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.03 699.25 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.25 Td (in ) Tj ET Q q 0 0 0 rg BT 91.35 687.25 Td (an ) Tj ET Q q 0 0 0 rg BT 103.36 687.25 Td (orderly ) Tj ET Q q 0 0 0 rg BT 134.81 687.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 181.25 687.25 Td (between ) Tj ET Q q 0 0 0 rg BT 217.14 687.25 Td (market ) Tj ET Q q 0 0 0 rg BT 247.47 687.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 296.69 687.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.04 687.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 323.50 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.29 687.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 360.29 687.25 Td (or ) Tj ET Q q 0 0 0 rg BT 371.20 687.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 404.30 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.09 687.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 452.77 687.25 Td (\(exit ) Tj ET Q q 0 0 0 rg BT 478.10 687.25 Td (price\) ) Tj ET Q q 0 0 0 rg BT 508.43 687.25 Td (in ) Tj ET Q q 0 0 0 rg BT 518.78 687.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 119.01 675.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 151.74 675.25 Td (or ) Tj ET Q q 0 0 0 rg BT 162.54 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.23 675.25 Td (most ) Tj ET Q q 0 0 0 rg BT 199.14 675.25 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 256.03 675.25 Td (market ) Tj ET Q q 0 0 0 rg BT 286.27 675.25 Td (in ) Tj ET Q q 0 0 0 rg BT 296.51 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.20 675.25 Td (absence ) Tj ET Q q 0 0 0 rg BT 345.31 675.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.11 675.25 Td (a ) Tj ET Q q 0 0 0 rg BT 363.02 675.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 401.03 675.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 433.76 675.25 Td (for ) Tj ET Q q 0 0 0 rg BT 447.89 675.25 Td (that ) Tj ET Q q 0 0 0 rg BT 465.35 675.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 487.26 675.25 Td (or ) Tj ET Q q 0 0 0 rg BT 498.06 675.25 Td (liability) Tj ET Q q 0 0 0 rg BT 528.51 675.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.25 Td (as ) Tj ET Q q 0 0 0 rg BT 91.69 663.25 Td (opposed ) Tj ET Q q 0 0 0 rg BT 127.39 663.25 Td (to ) Tj ET Q q 0 0 0 rg BT 137.53 663.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.11 663.25 Td (price ) Tj ET Q q 0 0 0 rg BT 174.46 663.25 Td (that ) Tj ET Q q 0 0 0 rg BT 191.82 663.25 Td (would ) Tj ET Q q 0 0 0 rg BT 219.19 663.25 Td (be ) Tj ET Q q 0 0 0 rg BT 230.99 663.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 250.57 663.25 Td (to ) Tj ET Q q 0 0 0 rg BT 260.72 663.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 292.51 663.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.09 663.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 328.89 663.25 Td (or ) Tj ET Q q 0 0 0 rg BT 339.58 663.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 370.81 663.25 Td (a ) Tj ET Q q 0 0 0 rg BT 377.62 663.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 411.09 663.25 Td (\(entry ) Tj ET Q q 0 0 0 rg BT 441.77 663.25 Td (price\). ) Tj ET Q q 0 0 0 rg BT 474.22 663.25 Td (The ) Tj ET Q q 0 0 0 rg BT 492.13 663.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.25 Td (categorizes ) Tj ET Q q 0 0 0 rg BT 128.47 651.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 165.95 651.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 215.12 651.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 245.38 651.25 Td (at ) Tj ET Q q 0 0 0 rg BT 255.09 651.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 271.47 651.25 Td (value ) Tj ET Q q 0 0 0 rg BT 295.63 651.25 Td (into ) Tj ET Q q 0 0 0 rg BT 313.69 651.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.63 651.25 Td (three-level ) Tj ET Q q 0 0 0 rg BT 365.88 651.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 382.26 651.25 Td (value ) Tj ET Q q 0 0 0 rg BT 406.41 651.25 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 443.52 651.25 Td (, ) Tj ET Q q 0 0 0 rg BT 448.52 651.25 Td (based ) Tj ET Q q 0 0 0 rg BT 473.79 651.25 Td (on ) Tj ET Q q 0 0 0 rg BT 486.29 651.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.01 651.25 Td (priority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.63 639.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 118.37 639.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.45 639.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.96 639.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 185.79 639.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 225.30 639.25 Td (technique. ) Tj ET Q q 0 0 0 rg BT 268.80 639.25 Td (The ) Tj ET Q q 0 0 0 rg BT 286.64 639.25 Td (three-level ) Tj ET Q q 0 0 0 rg BT 331.69 639.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 371.74 639.25 Td (for ) Tj ET Q q 0 0 0 rg BT 385.69 639.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 401.87 639.25 Td (value ) Tj ET Q q 0 0 0 rg BT 425.82 639.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 481.43 639.25 Td (is ) Tj ET Q q 0 0 0 rg BT 490.39 639.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 522.67 639.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.25 Td (follows: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.00 610.75 Td (Level1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.68 610.75 Td (-V) Tj ET Q q 0 0 0 rg BT 146.12 610.75 Td (alues ) Tj ET Q q 0 0 0 rg BT 169.19 610.75 Td (are ) Tj ET Q q 0 0 0 rg BT 183.92 610.75 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 229.77 610.75 Td (quoted ) Tj ET Q q 0 0 0 rg BT 259.51 610.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 285.91 610.75 Td (for ) Tj ET Q q 0 0 0 rg BT 300.10 610.75 Td (identical ) Tj ET Q q 0 0 0 rg BT 337.05 610.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 362.90 610.75 Td (and ) Tj ET Q q 0 0 0 rg BT 379.86 610.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 419.60 610.75 Td (in ) Tj ET Q q 0 0 0 rg BT 429.91 610.75 Td (active ) Tj ET Q q 0 0 0 rg BT 456.30 610.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 490.48 610.75 Td (accessible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 598.75 Td (at ) Tj ET Q q 0 0 0 rg BT 114.72 598.75 Td (the ) Tj ET Q q 0 0 0 rg BT 129.43 598.75 Td (measurement ) Tj ET Q q 0 0 0 rg BT 185.24 598.75 Td (date. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.00 582.25 Td (Level2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.86 582.25 Td (- ) Tj ET Q q 0 0 0 rg BT 142.90 582.25 Td (Inputs ) Tj ET Q q 0 0 0 rg BT 170.61 582.25 Td (include ) Tj ET Q q 0 0 0 rg BT 202.75 582.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 232.68 582.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 259.27 582.25 Td (for ) Tj ET Q q 0 0 0 rg BT 273.64 582.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 304.12 582.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 330.16 582.25 Td (or ) Tj ET Q q 0 0 0 rg BT 341.20 582.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 381.12 582.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.61 582.25 Td (active ) Tj ET Q q 0 0 0 rg BT 418.19 582.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 455.05 582.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 484.98 582.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 511.57 582.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 570.25 Td (those ) Tj ET Q q 0 0 0 rg BT 128.03 570.25 Td (willing ) Tj ET Q q 0 0 0 rg BT 158.28 570.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.98 570.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 189.88 570.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.58 570.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 233.15 570.25 Td (that ) Tj ET Q q 0 0 0 rg BT 250.06 570.25 Td (are ) Tj ET Q q 0 0 0 rg BT 264.19 570.25 Td (not ) Tj ET Q q 0 0 0 rg BT 278.88 570.25 Td (active, ) Tj ET Q q 0 0 0 rg BT 307.17 570.25 Td (or ) Tj ET Q q 0 0 0 rg BT 317.42 570.25 Td (other ) Tj ET Q q 0 0 0 rg BT 339.89 570.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 366.25 570.25 Td (that ) Tj ET Q q 0 0 0 rg BT 383.17 570.25 Td (are ) Tj ET Q q 0 0 0 rg BT 397.29 570.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 442.52 570.25 Td (or ) Tj ET Q q 0 0 0 rg BT 452.77 570.25 Td (can ) Tj ET Q q 0 0 0 rg BT 468.57 570.25 Td (be ) Tj ET Q q 0 0 0 rg BT 479.92 570.25 Td (corroborated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 558.25 Td (by ) Tj ET Q q 0 0 0 rg BT 118.40 558.25 Td (market ) Tj ET Q q 0 0 0 rg BT 149.57 558.25 Td (data ) Tj ET Q q 0 0 0 rg BT 169.63 558.25 Td (for ) Tj ET Q q 0 0 0 rg BT 184.69 558.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.31 558.25 Td (term ) Tj ET Q q 0 0 0 rg BT 222.04 558.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.77 558.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.39 558.25 Td (instrument. ) Tj ET Q q 0 0 0 rg BT 298.07 558.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 321.47 558.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 349.33 558.25 Td (include ) Tj ET Q q 0 0 0 rg BT 382.16 558.25 Td (market ) Tj ET Q q 0 0 0 rg BT 413.33 558.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 446.17 558.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 468.45 558.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.29 558.25 Td (volatilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 546.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 137.49 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.43 546.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 176.92 546.25 Td (curves. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.00 529.75 Td (Level3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.09 529.75 Td (- ) Tj ET Q q 0 0 0 rg BT 143.35 529.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 175.72 529.75 Td (inputs ) Tj ET Q q 0 0 0 rg BT 203.11 529.75 Td (are ) Tj ET Q q 0 0 0 rg BT 218.25 529.75 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 274.50 529.75 Td (\(supported ) Tj ET Q q 0 0 0 rg BT 320.20 529.75 Td (by ) Tj ET Q q 0 0 0 rg BT 333.13 529.75 Td (little ) Tj ET Q q 0 0 0 rg BT 354.40 529.75 Td (or ) Tj ET Q q 0 0 0 rg BT 365.66 529.75 Td (no ) Tj ET Q q 0 0 0 rg BT 378.60 529.75 Td (market ) Tj ET Q q 0 0 0 rg BT 409.30 529.75 Td (activity\) ) Tj ET Q q 0 0 0 rg BT 445.55 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 462.92 529.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 508.07 529.75 Td (to ) Tj ET Q q 0 0 0 rg BT 518.78 529.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 517.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 120.18 517.75 Td (value ) Tj ET Q q 0 0 0 rg BT 143.14 517.75 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 200.26 517.75 Td (Unobservable ) Tj ET Q q 0 0 0 rg BT 257.10 517.75 Td (inputs ) Tj ET Q q 0 0 0 rg BT 282.86 517.75 Td (reflect ) Tj ET Q q 0 0 0 rg BT 309.70 517.75 Td (the ) Tj ET Q q 0 0 0 rg BT 323.22 517.75 Td (Company) Tj ET Q q 0 0 0 rg BT 364.89 517.75 Td (s ) Tj ET Q q 0 0 0 rg BT 370.08 517.75 Td (best ) Tj ET Q q 0 0 0 rg BT 387.50 517.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 422.12 517.75 Td (of ) Tj ET Q q 0 0 0 rg BT 431.76 517.75 Td (what ) Tj ET Q q 0 0 0 rg BT 452.50 517.75 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 503.24 517.75 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 505.75 Td (participants ) Tj ET Q q 0 0 0 rg BT 154.40 505.75 Td (would ) Tj ET Q q 0 0 0 rg BT 182.15 505.75 Td (use ) Tj ET Q q 0 0 0 rg BT 198.22 505.75 Td (to ) Tj ET Q q 0 0 0 rg BT 208.75 505.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 251.48 505.75 Td (a ) Tj ET Q q 0 0 0 rg BT 258.67 505.75 Td (transaction ) Tj ET Q q 0 0 0 rg BT 305.29 505.75 Td (price ) Tj ET Q q 0 0 0 rg BT 328.02 505.75 Td (for ) Tj ET Q q 0 0 0 rg BT 342.43 505.75 Td (the ) Tj ET Q q 0 0 0 rg BT 357.39 505.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 379.58 505.75 Td (or ) Tj ET Q q 0 0 0 rg BT 390.66 505.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 424.51 505.75 Td (at ) Tj ET Q q 0 0 0 rg BT 434.48 505.75 Td (the ) Tj ET Q q 0 0 0 rg BT 449.44 505.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 488.85 505.75 Td (date ) Tj ET Q q 0 0 0 rg BT 508.25 505.75 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 493.75 Td (on ) Tj ET Q q 0 0 0 rg BT 117.50 493.75 Td (the ) Tj ET Q q 0 0 0 rg BT 132.22 493.75 Td (best ) Tj ET Q q 0 0 0 rg BT 150.83 493.75 Td (information ) Tj ET Q q 0 0 0 rg BT 200.54 493.75 Td (available ) Tj ET Q q 0 0 0 rg BT 239.13 493.75 Td (in ) Tj ET Q q 0 0 0 rg BT 249.40 493.75 Td (the ) Tj ET Q q 0 0 0 rg BT 264.12 493.75 Td (circumstances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 474.75 Td (In ) Tj ET Q q 0 0 0 rg BT 115.22 474.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 144.31 474.75 Td (cases, ) Tj ET Q q 0 0 0 rg BT 169.80 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 183.91 474.75 Td (inputs ) Tj ET Q q 0 0 0 rg BT 210.24 474.75 Td (used ) Tj ET Q q 0 0 0 rg BT 230.46 474.75 Td (to ) Tj ET Q q 0 0 0 rg BT 240.13 474.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 275.34 474.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 291.10 474.75 Td (value ) Tj ET Q q 0 0 0 rg BT 314.65 474.75 Td (may ) Tj ET Q q 0 0 0 rg BT 333.75 474.75 Td (fall ) Tj ET Q q 0 0 0 rg BT 348.97 474.75 Td (into ) Tj ET Q q 0 0 0 rg BT 366.42 474.75 Td (dif) Tj ET Q q 0 0 0 rg BT 377.34 474.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 402.55 474.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 427.76 474.75 Td (of ) Tj ET Q q 0 0 0 rg BT 437.98 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 452.09 474.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 467.86 474.75 Td (value ) Tj ET Q q 0 0 0 rg BT 491.40 474.75 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 528.51 474.75 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 462.75 Td (In ) Tj ET Q q 0 0 0 rg BT 92.57 462.75 Td (such ) Tj ET Q q 0 0 0 rg BT 114.14 462.75 Td (cases, ) Tj ET Q q 0 0 0 rg BT 140.99 462.75 Td (an ) Tj ET Q q 0 0 0 rg BT 153.67 462.75 Td (investment) Tj ET Q q 0 0 0 rg BT 200.33 462.75 Td (s ) Tj ET Q q 0 0 0 rg BT 207.46 462.75 Td (level ) Tj ET Q q 0 0 0 rg BT 230.14 462.75 Td (within ) Tj ET Q q 0 0 0 rg BT 258.93 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 274.39 462.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 291.51 462.75 Td (value ) Tj ET Q q 0 0 0 rg BT 316.41 462.75 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 357.41 462.75 Td (is ) Tj ET Q q 0 0 0 rg BT 367.32 462.75 Td (based ) Tj ET Q q 0 0 0 rg BT 393.33 462.75 Td (on ) Tj ET Q q 0 0 0 rg BT 406.57 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 422.03 462.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 448.04 462.75 Td (level ) Tj ET Q q 0 0 0 rg BT 470.72 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 482.29 462.75 Td (input ) Tj ET Q q 0 0 0 rg BT 506.09 462.75 Td (that ) Tj ET Q q 0 0 0 rg BT 524.33 462.75 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 450.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 125.89 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 136.34 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 151.24 450.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 167.79 450.75 Td (value ) Tj ET Q q 0 0 0 rg BT 192.13 450.75 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 250.42 450.75 Td (The ) Tj ET Q q 0 0 0 rg BT 268.64 450.75 Td (Company) Tj ET Q q 0 0 0 rg BT 310.31 450.75 Td (s ) Tj ET Q q 0 0 0 rg BT 316.88 450.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 363.99 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 375.00 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 389.89 450.75 Td (significance ) Tj ET Q q 0 0 0 rg BT 440.88 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 451.89 450.75 Td (a ) Tj ET Q q 0 0 0 rg BT 459.01 450.75 Td (particular ) Tj ET Q q 0 0 0 rg BT 499.99 450.75 Td (input ) Tj ET Q q 0 0 0 rg BT 523.23 450.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 438.75 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 438.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 112.09 438.75 Td (value ) Tj ET Q q 0 0 0 rg BT 136.25 438.75 Td (measurement ) Tj ET Q q 0 0 0 rg BT 192.06 438.75 Td (in ) Tj ET Q q 0 0 0 rg BT 202.34 438.75 Td (its ) Tj ET Q q 0 0 0 rg BT 214.29 438.75 Td (entirety ) Tj ET Q q 0 0 0 rg BT 247.33 438.75 Td (requires ) Tj ET Q q 0 0 0 rg BT 282.04 438.75 Td (judgment ) Tj ET Q q 0 0 0 rg BT 322.31 438.75 Td (and ) Tj ET Q q 0 0 0 rg BT 339.25 438.75 Td (considers ) Tj ET Q q 0 0 0 rg BT 379.52 438.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 409.22 438.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 442.82 438.75 Td (to ) Tj ET Q q 0 0 0 rg BT 453.09 438.75 Td (the ) Tj ET Q q 0 0 0 rg BT 467.81 438.75 Td (investment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 419.75 Td (When ) Tj ET Q q 0 0 0 rg BT 131.29 419.75 Td (a ) Tj ET Q q 0 0 0 rg BT 138.14 419.75 Td (determination ) Tj ET Q q 0 0 0 rg BT 196.10 419.75 Td (is ) Tj ET Q q 0 0 0 rg BT 205.18 419.75 Td (made ) Tj ET Q q 0 0 0 rg BT 229.25 419.75 Td (to ) Tj ET Q q 0 0 0 rg BT 239.44 419.75 Td (classify ) Tj ET Q q 0 0 0 rg BT 272.40 419.75 Td (an ) Tj ET Q q 0 0 0 rg BT 284.26 419.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 306.11 419.75 Td (or ) Tj ET Q q 0 0 0 rg BT 316.86 419.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 350.38 419.75 Td (within ) Tj ET Q q 0 0 0 rg BT 378.35 419.75 Td (Level3 ) Tj ET Q q 0 0 0 rg BT 411.03 419.75 Td (of ) Tj ET Q q 0 0 0 rg BT 421.77 419.75 Td (the ) Tj ET Q q 0 0 0 rg BT 436.40 419.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 452.70 419.75 Td (value ) Tj ET Q q 0 0 0 rg BT 476.77 419.75 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 513.87 419.75 Td (, ) Tj ET Q q 0 0 0 rg BT 518.78 419.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 407.75 Td (determination ) Tj ET Q q 0 0 0 rg BT 139.68 407.75 Td (is ) Tj ET Q q 0 0 0 rg BT 149.49 407.75 Td (based ) Tj ET Q q 0 0 0 rg BT 175.39 407.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 198.53 407.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.89 407.75 Td (significance ) Tj ET Q q 0 0 0 rg BT 265.34 407.75 Td (of ) Tj ET Q q 0 0 0 rg BT 276.81 407.75 Td (the ) Tj ET Q q 0 0 0 rg BT 292.17 407.75 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 348.62 407.75 Td (inputs ) Tj ET Q q 0 0 0 rg BT 376.21 407.75 Td (to ) Tj ET Q q 0 0 0 rg BT 387.13 407.75 Td (the ) Tj ET Q q 0 0 0 rg BT 402.48 407.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 433.39 407.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 450.40 407.75 Td (value ) Tj ET Q q 0 0 0 rg BT 475.20 407.75 Td (measurement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 395.75 Td (Because ) Tj ET Q q 0 0 0 rg BT 118.19 395.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 149.27 395.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 190.92 395.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 214.78 395.75 Td (in ) Tj ET Q q 0 0 0 rg BT 226.44 395.75 Td (less ) Tj ET Q q 0 0 0 rg BT 245.32 395.75 Td (liquid ) Tj ET Q q 0 0 0 rg BT 272.53 395.75 Td (or ) Tj ET Q q 0 0 0 rg BT 284.74 395.75 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 317.51 395.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 353.04 395.75 Td (with ) Tj ET Q q 0 0 0 rg BT 374.70 395.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 406.91 395.75 Td (or ) Tj ET Q q 0 0 0 rg BT 419.11 395.75 Td (no ) Tj ET Q q 0 0 0 rg BT 432.99 395.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 465.20 395.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 518.79 395.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 383.75 Td (determination ) Tj ET Q q 0 0 0 rg BT 138.27 383.75 Td (of ) Tj ET Q q 0 0 0 rg BT 148.34 383.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 163.95 383.75 Td (value ) Tj ET Q q 0 0 0 rg BT 187.34 383.75 Td (for ) Tj ET Q q 0 0 0 rg BT 200.73 383.75 Td (these ) Tj ET Q q 0 0 0 rg BT 223.02 383.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 262.51 383.75 Td (is ) Tj ET Q q 0 0 0 rg BT 270.92 383.75 Td (inherently ) Tj ET Q q 0 0 0 rg BT 313.20 383.75 Td (more ) Tj ET Q q 0 0 0 rg BT 335.48 383.75 Td (dif) Tj ET Q q 0 0 0 rg BT 346.41 383.75 Td (ficult. ) Tj ET Q q 0 0 0 rg BT 371.74 383.75 Td (However) Tj ET Q q 0 0 0 rg BT 407.99 383.75 Td (, ) Tj ET Q q 0 0 0 rg BT 412.23 383.75 Td (Level3 ) Tj ET Q q 0 0 0 rg BT 444.23 383.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 459.84 383.75 Td (value ) Tj ET Q q 0 0 0 rg BT 483.23 383.75 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 371.75 Td (may ) Tj ET Q q 0 0 0 rg BT 101.24 371.75 Td (include, ) Tj ET Q q 0 0 0 rg BT 136.20 371.75 Td (in ) Tj ET Q q 0 0 0 rg BT 147.00 371.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 182.80 371.75 Td (to ) Tj ET Q q 0 0 0 rg BT 193.60 371.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.84 371.75 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 265.18 371.75 Td (or ) Tj ET Q q 0 0 0 rg BT 276.53 371.75 Td (Level3 ) Tj ET Q q 0 0 0 rg BT 309.82 371.75 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 339.79 371.75 Td (observable ) Tj ET Q q 0 0 0 rg BT 386.13 371.75 Td (components, ) Tj ET Q q 0 0 0 rg BT 439.98 371.75 Td (which ) Tj ET Q q 0 0 0 rg BT 467.44 371.75 Td (are ) Tj ET Q q 0 0 0 rg BT 482.68 371.75 Td (components ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 359.75 Td (that ) Tj ET Q q 0 0 0 rg BT 98.50 359.75 Td (are ) Tj ET Q q 0 0 0 rg BT 113.20 359.75 Td (actively ) Tj ET Q q 0 0 0 rg BT 147.35 359.75 Td (quoted ) Tj ET Q q 0 0 0 rg BT 177.07 359.75 Td (or ) Tj ET Q q 0 0 0 rg BT 187.90 359.75 Td (can ) Tj ET Q q 0 0 0 rg BT 204.28 359.75 Td (be ) Tj ET Q q 0 0 0 rg BT 216.21 359.75 Td (validated ) Tj ET Q q 0 0 0 rg BT 255.37 359.75 Td (to ) Tj ET Q q 0 0 0 rg BT 265.64 359.75 Td (market-based ) Tj ET Q q 0 0 0 rg BT 322.01 359.75 Td (sources. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.00 348.95 Td () Tj ET Q endstream endobj 283 0 obj <>] /Rotate 0 /Contents 284 0 R>> endobj 284 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 124.48 742.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 161.72 742.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 199.54 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.90 742.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 260.15 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 277.96 742.10 Td (values ) Tj ET Q q 0 0 0 rg BT 307.43 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.69 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.84 742.10 Td (Company) Tj ET Q q 0 0 0 rg BT 377.50 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 385.32 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 424.23 742.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 474.83 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.41 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 518.78 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 123.80 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.37 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 150.50 730.10 Td (values ) Tj ET Q q 0 0 0 rg BT 178.29 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 187.21 730.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 225.28 730.10 Td (including ) Tj ET Q q 0 0 0 rg BT 265.30 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.53 730.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 328.11 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.79 730.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 384.26 730.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 424.82 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.51 730.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 471.51 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 480.98 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 497.10 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 521.01 730.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.76 718.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 126.72 718.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 151.53 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 171.63 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.16 718.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 227.35 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.00 718.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 284.20 718.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 325.11 718.10 Td (related ) Tj ET Q q 0 0 0 rg BT 354.63 718.10 Td (party ) Tj ET Q q 0 0 0 rg BT 377.49 718.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 403.42 718.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 438.51 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.16 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 472.02 718.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 507.67 718.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.80 706.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 119.38 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 147.18 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 162.75 706.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 203.33 706.10 Td (later ) Tj ET Q q 0 0 0 rg BT 224.45 706.10 Td (within ) Tj ET Q q 0 0 0 rg BT 253.37 706.10 Td (this ) Tj ET Q q 0 0 0 rg BT 271.18 706.10 Td (footnote, ) Tj ET Q q 0 0 0 rg BT 310.37 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.94 706.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 378.17 706.10 Td (according ) Tj ET Q q 0 0 0 rg BT 420.96 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.10 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.67 706.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 488.79 706.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.10 Td (described, ) Tj ET Q q 0 0 0 rg BT 124.32 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 135.15 694.10 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 640.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 640.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 640.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 640.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 640.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 640.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 640.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 640.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 640.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 640.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 614.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 614.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 614.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 614.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 614.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 614.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 614.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 614.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 614.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 614.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 588.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 588.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 588.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 588.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 588.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 588.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 588.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 588.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 588.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 588.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 562.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 562.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 562.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 562.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 562.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 562.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 562.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 562.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 562.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 562.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 536.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 536.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 536.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 536.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 536.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 536.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 536.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 536.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 536.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 536.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 510.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 510.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 510.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 510.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 510.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 510.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 510.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 510.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 510.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 510.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 484.60 159.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 484.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 484.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 484.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 484.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 484.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 484.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 484.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 484.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 484.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 450.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 450.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 450.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 450.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 450.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 450.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 450.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 450.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 450.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 450.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 424.60 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 424.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 424.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 424.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 424.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 424.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 424.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 424.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 424.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 424.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 390.60 159.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 390.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 390.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 390.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 390.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 390.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 390.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 390.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 390.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 390.60 55.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 661.6 m 294.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 661.6 m 298.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 661.6 m 353.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 661.6 m 357.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 661.6 m 412.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 661.6 m 416.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 661.6 m 471.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 661.6 m 475.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 661.6 m 530.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 640.6 m 294.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 640.6 m 353.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 640.6 m 412.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 640.6 m 471.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 640.6 m 530.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 450.6 m 294.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 450.6 m 353.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 450.6 m 412.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 450.6 m 471.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 450.6 m 530.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 450.6 m 294.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 438.6 m 294.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 436.6 m 294.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 450.6 m 353.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 438.6 m 353.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 436.6 m 353.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 450.6 m 412.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 438.6 m 412.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 436.6 m 412.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 450.6 m 471.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 438.6 m 471.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 436.6 m 471.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 450.6 m 530.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 438.6 m 530.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 436.6 m 530.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 369.6 m 294.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 357.6 m 294.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 355.6 m 294.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 369.6 m 353.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 357.6 m 353.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 355.6 m 353.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 369.6 m 412.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 357.6 m 412.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 355.6 m 412.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 369.6 m 471.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 357.6 m 471.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 355.6 m 471.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 369.6 m 530.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 357.6 m 530.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 355.6 m 530.5 355.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.10 665.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.15 644.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.15 644.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.15 644.83 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.65 644.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.70 652.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.45 644.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 631.83 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 618.85 Td (Cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 618.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.30 618.85 Td (864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 618.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 618.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 618.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 618.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.00 618.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 618.85 Td (864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 618.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 618.85 Td (864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 605.85 Td (Fixed maturity securities, available-for-sale:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 592.85 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 592.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 592.85 Td (2,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 592.85 Td (172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 592.85 Td (2,499) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 592.85 Td (2,499) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 579.85 Td (Commercial mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 579.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 579.85 Td (785) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 579.85 Td (79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 579.85 Td (864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 579.85 Td (864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 566.85 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 566.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 566.85 Td (10,219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 566.85 Td (1,121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 566.85 Td (11,340) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.30 566.85 Td (11,340) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 553.85 Td (Hybrids) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 553.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 553.85 Td (1,386) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 553.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 553.85 Td (1,386) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 553.85 Td (1,386) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 540.85 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 540.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 540.85 Td (1,676) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 540.85 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 540.85 Td (1,717) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 540.85 Td (1,717) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 527.85 Td (Residential mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 527.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 527.85 Td (1,362) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 527.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 527.85 Td (1,362) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 527.85 Td (1,362) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 514.85 Td (U.S. Government) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 514.85 Td (61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 514.85 Td (182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 514.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 514.85 Td (243) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 514.85 Td (243) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 501.85 Td (Equity securities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 501.85 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 501.85 Td (617) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 501.85 Td (44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 501.85 Td (683) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 501.85 Td (683) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 488.85 Td (Derivative financial instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 488.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 488.85 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 488.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 488.85 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 488.85 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 475.85 Td (Reinsurance related embedded derivative,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 467.85 Td (included in other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 467.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 467.85 Td (119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 467.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 467.85 Td (119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 467.85 Td (119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 454.85 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 454.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 454.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 454.85 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 454.85 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 454.85 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.00 441.85 Td (Total financial assets at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 441.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.30 441.85 Td (947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 441.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 441.85 Td (18,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 441.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 441.85 Td (1,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.00 441.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 441.85 Td (21,387) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 441.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.30 441.85 Td (21,387) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 428.83 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 415.85 Td (Derivatives:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 402.85 Td (FIA embedded derivatives, included in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 394.85 Td (contractholder funds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 394.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 394.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 394.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 394.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 394.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 394.85 Td (2,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.00 394.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 394.85 Td (2,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 394.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 394.85 Td (2,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 381.85 Td (Call options payable for FSRCI, included in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 373.85 Td (funds withheld for reinsurance liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 373.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 373.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 373.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 373.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 373.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.00 360.85 Td (Total financial liabilities at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 360.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 360.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 360.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 360.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 360.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 360.85 Td (2,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.00 360.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 360.85 Td (2,394) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 360.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 360.85 Td (2,394) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 285 0 obj <>] /Rotate 0 /Contents 286 0 R>> endobj 286 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-41) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 717.50 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 717.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 717.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 717.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 717.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 717.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 717.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 717.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 717.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 717.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 691.50 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 691.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 691.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 691.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 691.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 691.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 665.50 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 665.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 665.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 665.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 665.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 665.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 665.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 665.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 665.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 665.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 639.50 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 639.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 639.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 639.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 639.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 639.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 639.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 639.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 639.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 639.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 613.50 159.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 613.50 55.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 613.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 613.50 55.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 613.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 613.50 55.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 613.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 613.50 55.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 613.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 613.50 55.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 581.50 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 581.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 581.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 581.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 581.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 581.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 581.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 581.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 581.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 581.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 555.50 159.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 555.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 555.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 555.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 555.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 555.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 555.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 555.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 555.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 555.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 521.50 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 521.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 521.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 521.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 521.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 521.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 521.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 521.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 521.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 521.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 495.50 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 495.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 495.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 495.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 495.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 495.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 495.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 495.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 495.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 495.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 463.50 159.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 463.50 55.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 463.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 463.50 55.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 463.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 463.50 55.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 463.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 463.50 55.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 463.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 463.50 55.00 -22.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 735.5 m 294.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 735.5 m 298.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 735.5 m 353.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 735.5 m 357.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 735.5 m 412.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 735.5 m 416.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 735.5 m 471.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 735.5 m 475.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 735.5 m 530.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 717.5 m 294.5 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 717.5 m 353.5 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 717.5 m 412.5 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 717.5 m 471.5 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 717.5 m 530.5 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 521.5 m 294.5 521.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 521.5 m 353.5 521.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 521.5 m 412.5 521.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 521.5 m 471.5 521.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 521.5 m 530.5 521.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 509.5 m 294.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 507.5 m 294.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 509.5 m 353.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 507.5 m 353.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 509.5 m 412.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 507.5 m 412.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 509.5 m 471.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 507.5 m 471.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 509.5 m 530.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 507.5 m 530.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 441.5 m 294.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 429.5 m 294.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 427.5 m 294.5 427.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 441.5 m 353.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 429.5 m 353.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 427.5 m 353.5 427.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 441.5 m 412.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 429.5 m 412.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 427.5 m 412.5 427.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 441.5 m 471.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 429.5 m 471.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 427.5 m 471.5 427.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 441.5 m 530.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 429.5 m 530.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 427.5 m 530.5 427.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.10 739.73 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.15 721.73 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.15 721.73 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.15 721.73 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.65 721.73 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.70 727.58 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.45 719.63 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 708.73 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 695.75 Td (Cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 695.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.30 695.75 Td (502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 695.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 695.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 695.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 695.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.00 695.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 695.75 Td (502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 695.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 695.75 Td (502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 682.75 Td (Fixed maturity securities, available-for-sale:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 669.75 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 669.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 669.75 Td (2,068) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 669.75 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 669.75 Td (2,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 669.75 Td (2,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 656.75 Td (Commercial mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 656.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 656.75 Td (738) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 656.75 Td (144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 656.75 Td (882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 656.75 Td (882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 643.75 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 643.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 643.75 Td (8,566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 643.75 Td (964) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 643.75 Td (9,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 643.75 Td (9,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 630.75 Td (Hybrids) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 630.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 630.75 Td (1,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 630.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 630.75 Td (1,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 630.75 Td (1,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 617.75 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 617.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 617.75 Td (1,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 617.75 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 617.75 Td (1,608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 617.75 Td (1,608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 598.75 Td (Residential mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 598.75 Td (2,162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 598.75 Td (2,162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 598.75 Td (2,162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 585.75 Td (U.S. Government) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 585.75 Td (60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 585.75 Td (184) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 585.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 585.75 Td (244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 585.75 Td (244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 572.75 Td (Equity securities available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 572.75 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 572.75 Td (560) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 572.75 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 572.75 Td (620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 572.75 Td (620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 559.75 Td (Derivative financial instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.30 559.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 559.75 Td (81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 559.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 559.75 Td (82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 559.75 Td (82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 546.75 Td (Reinsurance related embedded derivative,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 538.75 Td (included in other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 538.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 538.75 Td (168) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 538.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 538.75 Td (168) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 538.75 Td (168) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 525.75 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 525.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 525.75 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 525.75 Td (129) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 525.75 Td (140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 525.75 Td (140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 512.75 Td (Total financial assets at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.30 512.75 Td (589) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.30 512.75 Td (17,321) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 512.75 Td (1,348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 512.75 Td (19,258) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.30 512.75 Td (19,258) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 499.73 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 486.75 Td (Derivatives:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 474.45 Td (FIA embedded derivatives, included in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 466.45 Td (contractholder funds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 467.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 467.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 467.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 467.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 467.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 467.75 Td (2,149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.00 467.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 467.75 Td (2,149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 467.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 467.75 Td (2,149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 453.75 Td (Call options payable for FSRCI, included in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 445.75 Td (funds withheld for reinsurance liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 445.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.30 445.75 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 445.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 445.75 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 445.75 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 432.75 Td (Total financial liabilities at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 432.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 432.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 432.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.30 432.75 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 432.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 432.75 Td (2,149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.00 432.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 432.75 Td (2,154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 432.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 432.75 Td (2,154) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 405.00 Td (The ) Tj ET Q q 0 0 0 rg BT 121.00 405.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 156.27 405.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 192.12 405.00 Td (of ) Tj ET Q q 0 0 0 rg BT 202.40 405.00 Td (accrued ) Tj ET Q q 0 0 0 rg BT 235.44 405.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 281.28 405.00 Td (income, ) Tj ET Q q 0 0 0 rg BT 315.17 405.00 Td (and ) Tj ET Q q 0 0 0 rg BT 331.56 405.00 Td (portions ) Tj ET Q q 0 0 0 rg BT 366.30 405.00 Td (of ) Tj ET Q q 0 0 0 rg BT 376.58 405.00 Td (other ) Tj ET Q q 0 0 0 rg BT 399.08 405.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 439.35 405.00 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 481.03 405.00 Td (approximate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 393.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 97.38 393.00 Td (value ) Tj ET Q q 0 0 0 rg BT 121.53 393.00 Td (due ) Tj ET Q q 0 0 0 rg BT 138.47 393.00 Td (to ) Tj ET Q q 0 0 0 rg BT 148.75 393.00 Td (their ) Tj ET Q q 0 0 0 rg BT 169.57 393.00 Td (short ) Tj ET Q q 0 0 0 rg BT 192.07 393.00 Td (duration ) Tj ET Q q 0 0 0 rg BT 227.90 393.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 247.34 393.00 Td (accordingly) Tj ET Q q 0 0 0 rg BT 293.89 393.00 Td (, ) Tj ET Q q 0 0 0 rg BT 298.89 393.00 Td (they ) Tj ET Q q 0 0 0 rg BT 318.61 393.00 Td (are ) Tj ET Q q 0 0 0 rg BT 333.31 393.00 Td (not ) Tj ET Q q 0 0 0 rg BT 348.59 393.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 389.41 393.00 Td (in ) Tj ET Q q 0 0 0 rg BT 399.69 393.00 Td (the ) Tj ET Q q 0 0 0 rg BT 414.40 393.00 Td (tables ) Tj ET Q q 0 0 0 rg BT 440.23 393.00 Td (above. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 372.00 Td (V) Tj ET Q q 0 0 0 rg BT 86.56 372.00 Td (aluation ) Tj ET Q q 0 0 0 rg BT 123.52 372.00 Td (Methodologies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 351.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 106.26 351.00 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 143.76 351.00 Td (Securities ) Tj ET Q q 0 0 0 rg BT 185.69 351.00 Td (& ) Tj ET Q q 0 0 0 rg BT 195.97 351.00 Td (Equity ) Tj ET Q q 0 0 0 rg BT 224.57 351.00 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 332.00 Td (The ) Tj ET Q q 0 0 0 rg BT 121.54 332.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.91 332.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 202.61 332.00 Td (the ) Tj ET Q q 0 0 0 rg BT 217.31 332.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 233.68 332.00 Td (value ) Tj ET Q q 0 0 0 rg BT 257.83 332.00 Td (of ) Tj ET Q q 0 0 0 rg BT 268.64 332.00 Td (its ) Tj ET Q q 0 0 0 rg BT 280.58 332.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 320.83 332.00 Td (based ) Tj ET Q q 0 0 0 rg BT 346.09 332.00 Td (on ) Tj ET Q q 0 0 0 rg BT 358.58 332.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 410.52 332.00 Td (used ) Tj ET Q q 0 0 0 rg BT 431.34 332.00 Td (by ) Tj ET Q q 0 0 0 rg BT 443.83 332.00 Td (market ) Tj ET Q q 0 0 0 rg BT 474.08 332.00 Td (participants ) Tj ET Q q 0 0 0 rg BT 523.22 332.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 320.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 111.72 320.00 Td (the ) Tj ET Q q 0 0 0 rg BT 126.33 320.00 Td (security) Tj ET Q q 0 0 0 rg BT 157.33 320.00 Td (. ) Tj ET Q q 0 0 0 rg BT 162.05 320.00 Td (The ) Tj ET Q q 0 0 0 rg BT 179.99 320.00 Td (most ) Tj ET Q q 0 0 0 rg BT 201.83 320.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 249.75 320.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 289.36 320.00 Td (methodology ) Tj ET Q q 0 0 0 rg BT 344.52 320.00 Td (is ) Tj ET Q q 0 0 0 rg BT 353.58 320.00 Td (selected ) Tj ET Q q 0 0 0 rg BT 388.18 320.00 Td (based ) Tj ET Q q 0 0 0 rg BT 413.34 320.00 Td (on ) Tj ET Q q 0 0 0 rg BT 425.73 320.00 Td (the ) Tj ET Q q 0 0 0 rg BT 440.34 320.00 Td (specific ) Tj ET Q q 0 0 0 rg BT 473.82 320.00 Td (characteristics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 308.00 Td (of ) Tj ET Q q 0 0 0 rg BT 91.69 308.00 Td (the ) Tj ET Q q 0 0 0 rg BT 106.26 308.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 129.16 308.00 Td (maturity ) Tj ET Q q 0 0 0 rg BT 165.40 308.00 Td (or ) Tj ET Q q 0 0 0 rg BT 176.09 308.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 203.44 308.00 Td (security) Tj ET Q q 0 0 0 rg BT 234.44 308.00 Td (, ) Tj ET Q q 0 0 0 rg BT 239.30 308.00 Td (and ) Tj ET Q q 0 0 0 rg BT 256.09 308.00 Td (the ) Tj ET Q q 0 0 0 rg BT 270.67 308.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 311.91 308.00 Td (will ) Tj ET Q q 0 0 0 rg BT 329.82 308.00 Td (then ) Tj ET Q q 0 0 0 rg BT 349.39 308.00 Td (consistently ) Tj ET Q q 0 0 0 rg BT 399.52 308.00 Td (apply ) Tj ET Q q 0 0 0 rg BT 424.10 308.00 Td (the ) Tj ET Q q 0 0 0 rg BT 438.67 308.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 478.24 308.00 Td (methodology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 296.00 Td (to ) Tj ET Q q 0 0 0 rg BT 90.91 296.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 126.36 296.00 Td (the ) Tj ET Q q 0 0 0 rg BT 140.72 296.00 Td (security) Tj ET Q q 0 0 0 rg BT 175.15 296.00 Td (s ) Tj ET Q q 0 0 0 rg BT 181.18 296.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 197.19 296.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 223.33 296.00 Td (The ) Tj ET Q q 0 0 0 rg BT 241.01 296.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 287.72 296.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 303.73 296.00 Td (value ) Tj ET Q q 0 0 0 rg BT 327.53 296.00 Td (measurement ) Tj ET Q q 0 0 0 rg BT 382.97 296.00 Td (is ) Tj ET Q q 0 0 0 rg BT 391.78 296.00 Td (based ) Tj ET Q q 0 0 0 rg BT 416.68 296.00 Td (on ) Tj ET Q q 0 0 0 rg BT 428.82 296.00 Td (a ) Tj ET Q q 0 0 0 rg BT 435.39 296.00 Td (market ) Tj ET Q q 0 0 0 rg BT 465.29 296.00 Td (approach, ) Tj ET Q q 0 0 0 rg BT 506.57 296.00 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 284.00 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 112.25 284.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 138.49 284.00 Td (and ) Tj ET Q q 0 0 0 rg BT 155.29 284.00 Td (other ) Tj ET Q q 0 0 0 rg BT 178.20 284.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 212.76 284.00 Td (information ) Tj ET Q q 0 0 0 rg BT 262.34 284.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 303.56 284.00 Td (by ) Tj ET Q q 0 0 0 rg BT 315.93 284.00 Td (market ) Tj ET Q q 0 0 0 rg BT 346.05 284.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 396.18 284.00 Td (involving ) Tj ET Q q 0 0 0 rg BT 436.88 284.00 Td (identical ) Tj ET Q q 0 0 0 rg BT 473.67 284.00 Td (or ) Tj ET Q q 0 0 0 rg BT 484.36 284.00 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 272.00 Td (securities. ) Tj ET Q q 0 0 0 rg BT 124.85 272.00 Td (Sources ) Tj ET Q q 0 0 0 rg BT 160.09 272.00 Td (of ) Tj ET Q q 0 0 0 rg BT 172.00 272.00 Td (inputs ) Tj ET Q q 0 0 0 rg BT 200.03 272.00 Td (to ) Tj ET Q q 0 0 0 rg BT 211.40 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.20 272.00 Td (market ) Tj ET Q q 0 0 0 rg BT 258.54 272.00 Td (approach ) Tj ET Q q 0 0 0 rg BT 298.77 272.00 Td (include ) Tj ET Q q 0 0 0 rg BT 331.79 272.00 Td (a ) Tj ET Q q 0 0 0 rg BT 339.81 272.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 386.16 272.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 418.06 272.00 Td (service, ) Tj ET Q q 0 0 0 rg BT 452.46 272.00 Td (independent ) Tj ET Q q 0 0 0 rg BT 504.92 272.00 Td (broker ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 260.00 Td (quotations ) Tj ET Q q 0 0 0 rg BT 128.37 260.00 Td (or ) Tj ET Q q 0 0 0 rg BT 142.40 260.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 176.42 260.00 Td (matrices. ) Tj ET Q q 0 0 0 rg BT 218.08 260.00 Td (The ) Tj ET Q q 0 0 0 rg BT 239.33 260.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 283.92 260.00 Td (uses ) Tj ET Q q 0 0 0 rg BT 306.84 260.00 Td (observable ) Tj ET Q q 0 0 0 rg BT 355.86 260.00 Td (and ) Tj ET Q q 0 0 0 rg BT 376.00 260.00 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 435.01 260.00 Td (inputs ) Tj ET Q q 0 0 0 rg BT 465.16 260.00 Td (in ) Tj ET Q q 0 0 0 rg BT 478.64 260.00 Td (its ) Tj ET Q q 0 0 0 rg BT 493.79 260.00 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 248.00 Td (methodologies. ) Tj ET Q q 0 0 0 rg BT 144.26 248.00 Td (Observable ) Tj ET Q q 0 0 0 rg BT 191.67 248.00 Td (inputs ) Tj ET Q q 0 0 0 rg BT 217.99 248.00 Td (include ) Tj ET Q q 0 0 0 rg BT 249.30 248.00 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 295.60 248.00 Td (yields, ) Tj ET Q q 0 0 0 rg BT 323.86 248.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 359.05 248.00 Td (trades, ) Tj ET Q q 0 0 0 rg BT 387.30 248.00 Td (broker) Tj ET Q q 0 0 0 rg BT 413.20 248.00 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 442.83 248.00 Td (quotes, ) Tj ET Q q 0 0 0 rg BT 473.31 248.00 Td (issuer ) Tj ET Q q 0 0 0 rg BT 498.52 248.00 Td (spreads, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 236.00 Td (two-sided ) Tj ET Q q 0 0 0 rg BT 121.91 236.00 Td (markets, ) Tj ET Q q 0 0 0 rg BT 157.54 236.00 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 203.44 236.00 Td (securities, ) Tj ET Q q 0 0 0 rg BT 245.18 236.00 Td (bids, ) Tj ET Q q 0 0 0 rg BT 265.82 236.00 Td (of) Tj ET Q q 0 0 0 rg BT 273.97 236.00 Td (fers ) Tj ET Q q 0 0 0 rg BT 290.43 236.00 Td (and ) Tj ET Q q 0 0 0 rg BT 306.34 236.00 Td (reference ) Tj ET Q q 0 0 0 rg BT 345.00 236.00 Td (data. ) Tj ET Q q 0 0 0 rg BT 365.63 236.00 Td (In ) Tj ET Q q 0 0 0 rg BT 375.43 236.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 412.18 236.00 Td (market ) Tj ET Q q 0 0 0 rg BT 441.42 236.00 Td (indicators ) Tj ET Q q 0 0 0 rg BT 482.33 236.00 Td (and ) Tj ET Q q 0 0 0 rg BT 498.24 236.00 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 224.00 Td (and ) Tj ET Q q 0 0 0 rg BT 97.72 224.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 138.87 224.00 Td (events ) Tj ET Q q 0 0 0 rg BT 166.70 224.00 Td (are ) Tj ET Q q 0 0 0 rg BT 181.19 224.00 Td (monitored ) Tj ET Q q 0 0 0 rg BT 224.58 224.00 Td (and ) Tj ET Q q 0 0 0 rg BT 241.30 224.00 Td (further ) Tj ET Q q 0 0 0 rg BT 270.79 224.00 Td (market ) Tj ET Q q 0 0 0 rg BT 300.83 224.00 Td (data ) Tj ET Q q 0 0 0 rg BT 319.77 224.00 Td (will ) Tj ET Q q 0 0 0 rg BT 337.61 224.00 Td (be ) Tj ET Q q 0 0 0 rg BT 349.33 224.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 386.03 224.00 Td (when ) Tj ET Q q 0 0 0 rg BT 409.97 224.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 439.46 224.00 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 482.85 224.00 Td (are ) Tj ET Q q 0 0 0 rg BT 497.34 224.00 Td (met. ) Tj ET Q q 0 0 0 rg BT 517.11 224.00 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 212.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 110.20 212.00 Td (security ) Tj ET Q q 0 0 0 rg BT 143.85 212.00 Td (types, ) Tj ET Q q 0 0 0 rg BT 169.46 212.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 211.45 212.00 Td (inputs ) Tj ET Q q 0 0 0 rg BT 237.90 212.00 Td (may ) Tj ET Q q 0 0 0 rg BT 257.11 212.00 Td (be ) Tj ET Q q 0 0 0 rg BT 268.55 212.00 Td (used, ) Tj ET Q q 0 0 0 rg BT 291.38 212.00 Td (or ) Tj ET Q q 0 0 0 rg BT 301.71 212.00 Td (some ) Tj ET Q q 0 0 0 rg BT 324.81 212.00 Td (of ) Tj ET Q q 0 0 0 rg BT 335.14 212.00 Td (the ) Tj ET Q q 0 0 0 rg BT 349.36 212.00 Td (inputs ) Tj ET Q q 0 0 0 rg BT 375.80 212.00 Td (described ) Tj ET Q q 0 0 0 rg BT 416.12 212.00 Td (above ) Tj ET Q q 0 0 0 rg BT 441.99 212.00 Td (may ) Tj ET Q q 0 0 0 rg BT 461.21 212.00 Td (not ) Tj ET Q q 0 0 0 rg BT 475.99 212.00 Td (be ) Tj ET Q q 0 0 0 rg BT 487.42 212.00 Td (applicable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 200.00 Td (The ) Tj ET Q q 0 0 0 rg BT 99.69 200.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 141.72 200.00 Td (has ) Tj ET Q q 0 0 0 rg BT 158.19 200.00 Td (an ) Tj ET Q q 0 0 0 rg BT 170.78 200.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 198.92 200.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 245.94 200.00 Td (in ) Tj ET Q q 0 0 0 rg BT 256.86 200.00 Td (a ) Tj ET Q q 0 0 0 rg BT 264.44 200.00 Td (private ) Tj ET Q q 0 0 0 rg BT 295.35 200.00 Td (business ) Tj ET Q q 0 0 0 rg BT 332.39 200.00 Td (development ) Tj ET Q q 0 0 0 rg BT 387.18 200.00 Td (company ) Tj ET Q q 0 0 0 rg BT 426.98 200.00 Td (which ) Tj ET Q q 0 0 0 rg BT 454.56 200.00 Td (is ) Tj ET Q q 0 0 0 rg BT 464.38 200.00 Td (not ) Tj ET Q q 0 0 0 rg BT 480.30 200.00 Td (traded ) Tj ET Q q 0 0 0 rg BT 508.43 200.00 Td (on ) Tj ET Q q 0 0 0 rg BT 521.57 200.00 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 188.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 122.43 188.00 Td (or ) Tj ET Q q 0 0 0 rg BT 134.45 188.00 Td (valued ) Tj ET Q q 0 0 0 rg BT 164.78 188.00 Td (by ) Tj ET Q q 0 0 0 rg BT 178.46 188.00 Td (other ) Tj ET Q q 0 0 0 rg BT 202.69 188.00 Td (sources ) Tj ET Q q 0 0 0 rg BT 236.36 188.00 Td (such ) Tj ET Q q 0 0 0 rg BT 258.37 188.00 Td (as ) Tj ET Q q 0 0 0 rg BT 270.38 188.00 Td (analytics ) Tj ET Q q 0 0 0 rg BT 309.60 188.00 Td (or ) Tj ET Q q 0 0 0 rg BT 321.62 188.00 Td (brokers. ) Tj ET Q q 0 0 0 rg BT 357.52 188.00 Td (The ) Tj ET Q q 0 0 0 rg BT 376.75 188.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 419.31 188.00 Td (based ) Tj ET Q q 0 0 0 rg BT 445.76 188.00 Td (the ) Tj ET Q q 0 0 0 rg BT 461.66 188.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 479.22 188.00 Td (value ) Tj ET Q q 0 0 0 rg BT 504.56 188.00 Td (of ) Tj ET Q q 0 0 0 rg BT 516.57 188.00 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 176.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.41 176.00 Td (on ) Tj ET Q q 0 0 0 rg BT 139.93 176.00 Td (an ) Tj ET Q q 0 0 0 rg BT 151.90 176.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 192.74 176.00 Td (net ) Tj ET Q q 0 0 0 rg BT 207.49 176.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 229.45 176.00 Td (value ) Tj ET Q q 0 0 0 rg BT 253.63 176.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 291.71 176.00 Td (by ) Tj ET Q q 0 0 0 rg BT 304.23 176.00 Td (the ) Tj ET Q q 0 0 0 rg BT 318.97 176.00 Td (investee. ) Tj ET Q q 0 0 0 rg BT 356.76 176.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 411.49 176.00 Td (did ) Tj ET Q q 0 0 0 rg BT 426.80 176.00 Td (not ) Tj ET Q q 0 0 0 rg BT 442.10 176.00 Td (make ) Tj ET Q q 0 0 0 rg BT 466.28 176.00 Td (any ) Tj ET Q q 0 0 0 rg BT 483.25 176.00 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 164.00 Td (to ) Tj ET Q q 0 0 0 rg BT 92.68 164.00 Td (this ) Tj ET Q q 0 0 0 rg BT 111.02 164.00 Td (valuation. ) Tj ET Q q 0 0 0 rg BT 154.35 164.00 Td (The ) Tj ET Q q 0 0 0 rg BT 173.79 164.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 219.90 164.00 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 277.11 164.00 Td (input ) Tj ET Q q 0 0 0 rg BT 301.57 164.00 Td (used ) Tj ET Q q 0 0 0 rg BT 323.79 164.00 Td (in ) Tj ET Q q 0 0 0 rg BT 335.47 164.00 Td (the ) Tj ET Q q 0 0 0 rg BT 351.58 164.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 369.36 164.00 Td (value ) Tj ET Q q 0 0 0 rg BT 394.91 164.00 Td (measurement ) Tj ET Q q 0 0 0 rg BT 452.12 164.00 Td (of ) Tj ET Q q 0 0 0 rg BT 464.34 164.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 493.24 164.00 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.00 Td (available-for) Tj ET Q q 0 0 0 rg BT 131.88 152.00 Td (-sale ) Tj ET Q q 0 0 0 rg BT 155.18 152.00 Td (for ) Tj ET Q q 0 0 0 rg BT 171.27 152.00 Td (which ) Tj ET Q q 0 0 0 rg BT 200.14 152.00 Td (the ) Tj ET Q q 0 0 0 rg BT 216.79 152.00 Td (market-approach ) Tj ET Q q 0 0 0 rg BT 288.95 152.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 330.59 152.00 Td (technique ) Tj ET Q q 0 0 0 rg BT 373.90 152.00 Td (is ) Tj ET Q q 0 0 0 rg BT 384.99 152.00 Td (employed ) Tj ET Q q 0 0 0 rg BT 428.86 152.00 Td (is ) Tj ET Q q 0 0 0 rg BT 439.96 152.00 Td (yields ) Tj ET Q q 0 0 0 rg BT 468.27 152.00 Td (for ) Tj ET Q q 0 0 0 rg BT 484.36 152.00 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.00 Td (securities. ) Tj ET Q q 0 0 0 rg BT 122.90 140.00 Td (Increases ) Tj ET Q q 0 0 0 rg BT 161.74 140.00 Td (\(decreases\) ) Tj ET Q q 0 0 0 rg BT 208.34 140.00 Td (in ) Tj ET Q q 0 0 0 rg BT 217.75 140.00 Td (the ) Tj ET Q q 0 0 0 rg BT 231.61 140.00 Td (yields ) Tj ET Q q 0 0 0 rg BT 257.13 140.00 Td (would ) Tj ET Q q 0 0 0 rg BT 283.77 140.00 Td (result ) Tj ET Q q 0 0 0 rg BT 307.62 140.00 Td (in ) Tj ET Q q 0 0 0 rg BT 317.04 140.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 341.44 140.00 Td (or ) Tj ET Q q 0 0 0 rg BT 351.41 140.00 Td (higher) Tj ET Q q 0 0 0 rg BT 376.56 140.00 Td (, ) Tj ET Q q 0 0 0 rg BT 380.70 140.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 428.36 140.00 Td (, ) Tj ET Q q 0 0 0 rg BT 432.49 140.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 448.01 140.00 Td (value ) Tj ET Q q 0 0 0 rg BT 471.30 140.00 Td (measurements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 128.00 Td (For ) Tj ET Q q 0 0 0 rg BT 99.31 128.00 Td (broker) Tj ET Q q 0 0 0 rg BT 125.21 128.00 Td (-quoted ) Tj ET Q q 0 0 0 rg BT 160.18 128.00 Td (only ) Tj ET Q q 0 0 0 rg BT 182.38 128.00 Td (securities, ) Tj ET Q q 0 0 0 rg BT 227.07 128.00 Td (quotes ) Tj ET Q q 0 0 0 rg BT 257.60 128.00 Td (from ) Tj ET Q q 0 0 0 rg BT 281.46 128.00 Td (market ) Tj ET Q q 0 0 0 rg BT 313.65 128.00 Td (makers ) Tj ET Q q 0 0 0 rg BT 346.95 128.00 Td (or ) Tj ET Q q 0 0 0 rg BT 359.70 128.00 Td (broker) Tj ET Q q 0 0 0 rg BT 385.60 128.00 Td (-dealers ) Tj ET Q q 0 0 0 rg BT 421.66 128.00 Td (are ) Tj ET Q q 0 0 0 rg BT 438.29 128.00 Td (obtained ) Tj ET Q q 0 0 0 rg BT 477.15 128.00 Td (from ) Tj ET Q q 0 0 0 rg BT 501.01 128.00 Td (sources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 116.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 127.23 116.00 Td (to ) Tj ET Q q 0 0 0 rg BT 137.38 116.00 Td (be ) Tj ET Q q 0 0 0 rg BT 149.19 116.00 Td (market ) Tj ET Q q 0 0 0 rg BT 179.33 116.00 Td (participants. ) Tj ET Q q 0 0 0 rg BT 230.67 116.00 Td (The ) Tj ET Q q 0 0 0 rg BT 248.59 116.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 264.84 116.00 Td (value ) Tj ET Q q 0 0 0 rg BT 288.87 116.00 Td (of ) Tj ET Q q 0 0 0 rg BT 299.57 116.00 Td (the ) Tj ET Q q 0 0 0 rg BT 314.15 116.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 361.10 116.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 407.36 116.00 Td (in ) Tj ET Q q 0 0 0 rg BT 417.51 116.00 Td (mutual ) Tj ET Q q 0 0 0 rg BT 447.65 116.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 472.24 116.00 Td (is ) Tj ET Q q 0 0 0 rg BT 481.28 116.00 Td (based ) Tj ET Q q 0 0 0 rg BT 506.42 116.00 Td (on ) Tj ET Q q 0 0 0 rg BT 518.79 116.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 104.00 Td (net ) Tj ET Q q 0 0 0 rg BT 95.06 104.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 116.33 104.00 Td (value ) Tj ET Q q 0 0 0 rg BT 139.83 104.00 Td (published ) Tj ET Q q 0 0 0 rg BT 180.56 104.00 Td (by ) Tj ET Q q 0 0 0 rg BT 192.40 104.00 Td (the ) Tj ET Q q 0 0 0 rg BT 206.45 104.00 Td (respective ) Tj ET Q q 0 0 0 rg BT 248.83 104.00 Td (mutual ) Tj ET Q q 0 0 0 rg BT 278.44 104.00 Td (fund ) Tj ET Q q 0 0 0 rg BT 298.61 104.00 Td (and ) Tj ET Q q 0 0 0 rg BT 314.89 104.00 Td (represents ) Tj ET Q q 0 0 0 rg BT 357.26 104.00 Td (the ) Tj ET Q q 0 0 0 rg BT 371.32 104.00 Td (value ) Tj ET Q q 0 0 0 rg BT 394.82 104.00 Td (the ) Tj ET Q q 0 0 0 rg BT 408.87 104.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 449.60 104.00 Td (would ) Tj ET Q q 0 0 0 rg BT 476.44 104.00 Td (have ) Tj ET Q q 0 0 0 rg BT 497.16 104.00 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.00 Td (if ) Tj ET Q q 0 0 0 rg BT 89.20 92.00 Td (it ) Tj ET Q q 0 0 0 rg BT 96.85 92.00 Td (withdrew ) Tj ET Q q 0 0 0 rg BT 136.71 92.00 Td (its ) Tj ET Q q 0 0 0 rg BT 148.25 92.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 194.23 92.00 Td (on ) Tj ET Q q 0 0 0 rg BT 206.32 92.00 Td (the ) Tj ET Q q 0 0 0 rg BT 220.63 92.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 253.25 92.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 275.89 92.00 Td (date. ) Tj ET Q q 0 0 0 rg BT 297.14 92.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 351.43 92.00 Td (believes ) Tj ET Q q 0 0 0 rg BT 386.29 92.00 Td (the ) Tj ET Q q 0 0 0 rg BT 400.60 92.00 Td (broker ) Tj ET Q q 0 0 0 rg BT 428.79 92.00 Td (quotes ) Tj ET Q q 0 0 0 rg BT 456.99 92.00 Td (are ) Tj ET Q q 0 0 0 rg BT 471.29 92.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 497.26 92.00 Td (at ) Tj ET Q q 0 0 0 rg BT 506.57 92.00 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.00 Td (trades ) Tj ET Q q 0 0 0 rg BT 107.38 80.00 Td (could ) Tj ET Q q 0 0 0 rg BT 132.09 80.00 Td (be ) Tj ET Q q 0 0 0 rg BT 144.03 80.00 Td (executed ) Tj ET Q q 0 0 0 rg BT 182.06 80.00 Td (based ) Tj ET Q q 0 0 0 rg BT 207.33 80.00 Td (on ) Tj ET Q q 0 0 0 rg BT 219.83 80.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 259.54 80.00 Td (trades ) Tj ET Q q 0 0 0 rg BT 285.92 80.00 Td (executed ) Tj ET Q q 0 0 0 rg BT 323.95 80.00 Td (at ) Tj ET Q q 0 0 0 rg BT 333.67 80.00 Td (broker) Tj ET Q q 0 0 0 rg BT 359.57 80.00 Td (-quoted ) Tj ET Q q 0 0 0 rg BT 392.62 80.00 Td (or ) Tj ET Q q 0 0 0 rg BT 403.45 80.00 Td (slightly ) Tj ET Q q 0 0 0 rg BT 435.95 80.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 464.00 80.00 Td (prices. ) Tj ET Q endstream endobj 287 0 obj <>] /Rotate 0 /Contents 288 0 R>> endobj 288 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.97 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.78 742.10 Td (did ) Tj ET Q q 0 0 0 rg BT 176.49 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 191.19 742.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 217.00 742.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 242.81 742.10 Td (received ) Tj ET Q q 0 0 0 rg BT 278.59 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.96 742.10 Td (third ) Tj ET Q q 0 0 0 rg BT 320.77 742.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 349.35 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 359.60 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.86 742.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 429.55 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.55 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.47 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.84 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.84 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 492.26 742.10 Td (However) Tj ET Q q 0 0 0 rg BT 528.51 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.73 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.12 730.10 Td (does ) Tj ET Q q 0 0 0 rg BT 157.96 730.10 Td (analyze ) Tj ET Q q 0 0 0 rg BT 191.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.73 730.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 251.00 730.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 290.72 730.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 352.11 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.06 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 381.01 730.10 Td (related ) Tj ET Q q 0 0 0 rg BT 410.73 730.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 437.68 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.97 730.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 482.69 730.10 Td (assessments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 718.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 133.76 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.48 718.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 196.51 718.10 Td (level ) Tj ET Q q 0 0 0 rg BT 218.44 718.10 Td (within ) Tj ET Q q 0 0 0 rg BT 246.50 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.21 718.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 277.59 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 301.75 718.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 338.85 718.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 697.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 125.70 697.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 167.08 697.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 678.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.39 678.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 135.62 678.10 Td (value ) Tj ET Q q 0 0 0 rg BT 158.62 678.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.30 678.10 Td (call ) Tj ET Q q 0 0 0 rg BT 184.08 678.10 Td (option ) Tj ET Q q 0 0 0 rg BT 210.98 678.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 235.66 678.10 Td (is ) Tj ET Q q 0 0 0 rg BT 243.67 678.10 Td (based ) Tj ET Q q 0 0 0 rg BT 267.79 678.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 289.13 678.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 327.69 678.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 357.37 678.10 Td (models, ) Tj ET Q q 0 0 0 rg BT 390.10 678.10 Td (which ) Tj ET Q q 0 0 0 rg BT 415.88 678.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 457.77 678.10 Td (what ) Tj ET Q q 0 0 0 rg BT 478.55 678.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.12 678.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 666.10 Td (would ) Tj ET Q q 0 0 0 rg BT 108.09 666.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 136.28 666.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.16 666.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 177.11 666.10 Td (or ) Tj ET Q q 0 0 0 rg BT 187.54 666.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 204.07 666.10 Td (at ) Tj ET Q q 0 0 0 rg BT 213.38 666.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.69 666.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 260.32 666.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 282.96 666.10 Td (date ) Tj ET Q q 0 0 0 rg BT 301.71 666.10 Td (if ) Tj ET Q q 0 0 0 rg BT 309.92 666.10 Td (it ) Tj ET Q q 0 0 0 rg BT 317.57 666.10 Td (canceled ) Tj ET Q q 0 0 0 rg BT 354.63 666.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.94 666.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 402.99 666.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 434.51 666.10 Td (into ) Tj ET Q q 0 0 0 rg BT 452.16 666.10 Td (of) Tj ET Q q 0 0 0 rg BT 460.31 666.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 492.40 666.10 Td (positions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 654.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.05 654.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 132.53 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.47 654.10 Td (options. ) Tj ET Q q 0 0 0 rg BT 182.14 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.87 654.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 203.70 654.10 Td (values ) Tj ET Q q 0 0 0 rg BT 231.97 654.10 Td (for ) Tj ET Q q 0 0 0 rg BT 246.35 654.10 Td (these ) Tj ET Q q 0 0 0 rg BT 269.62 654.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 319.01 654.10 Td (are ) Tj ET Q q 0 0 0 rg BT 333.94 654.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 381.65 654.10 Td (internally) Tj ET Q q 0 0 0 rg BT 419.32 654.10 Td (, ) Tj ET Q q 0 0 0 rg BT 424.54 654.10 Td (based ) Tj ET Q q 0 0 0 rg BT 450.03 654.10 Td (on ) Tj ET Q q 0 0 0 rg BT 462.76 654.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 502.69 654.10 Td (pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 642.10 Td (models ) Tj ET Q q 0 0 0 rg BT 111.77 642.10 Td (which ) Tj ET Q q 0 0 0 rg BT 138.09 642.10 Td (use ) Tj ET Q q 0 0 0 rg BT 153.31 642.10 Td (market-observable ) Tj ET Q q 0 0 0 rg BT 229.60 642.10 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 258.44 642.10 Td (including ) Tj ET Q q 0 0 0 rg BT 298.09 642.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 329.41 642.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 352.67 642.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 374.55 642.10 Td (curve ) Tj ET Q q 0 0 0 rg BT 398.65 642.10 Td (volatilities, ) Tj ET Q q 0 0 0 rg BT 445.25 642.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.57 642.10 Td (other ) Tj ET Q q 0 0 0 rg BT 484.00 642.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 515.46 642.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 630.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 97.16 630.10 Td (values ) Tj ET Q q 0 0 0 rg BT 124.99 630.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.60 630.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.10 630.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 193.48 630.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 239.63 630.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.69 630.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.19 630.10 Td (Company) Tj ET Q q 0 0 0 rg BT 305.86 630.10 Td (s ) Tj ET Q q 0 0 0 rg BT 312.03 630.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 327.59 630.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.88 630.10 Td (products ) Tj ET Q q 0 0 0 rg BT 366.60 630.10 Td (are ) Tj ET Q q 0 0 0 rg BT 381.09 630.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 413.36 630.10 Td (using ) Tj ET Q q 0 0 0 rg BT 437.31 630.10 Td (market ) Tj ET Q q 0 0 0 rg BT 467.35 630.10 Td (indices, ) Tj ET Q q 0 0 0 rg BT 500.46 630.10 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 111.83 618.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 163.77 618.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.71 618.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 220.42 618.10 Td (data. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 599.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.66 599.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 138.15 599.10 Td (value ) Tj ET Q q 0 0 0 rg BT 162.42 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.36 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.19 599.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 236.89 599.10 Td (related ) Tj ET Q q 0 0 0 rg BT 266.71 599.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 310.42 599.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 353.01 599.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.40 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.23 599.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 403.07 599.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 440.68 599.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 489.38 599.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 587.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.56 587.10 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 132.14 587.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.59 587.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 182.69 587.10 Td (based ) Tj ET Q q 0 0 0 rg BT 208.25 587.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 231.03 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.03 587.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 262.69 587.10 Td (value ) Tj ET Q q 0 0 0 rg BT 287.13 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.24 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.24 587.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 339.35 587.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 384.92 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.92 587.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 424.92 587.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 462.70 587.10 Td (from ) Tj ET Q q 0 0 0 rg BT 484.92 587.10 Td (reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 575.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 122.31 575.10 Td (As ) Tj ET Q q 0 0 0 rg BT 135.47 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.74 575.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 165.67 575.10 Td (value ) Tj ET Q q 0 0 0 rg BT 189.37 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.75 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.01 575.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 239.39 575.10 Td (is ) Tj ET Q q 0 0 0 rg BT 248.11 575.10 Td (based ) Tj ET Q q 0 0 0 rg BT 272.93 575.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.97 575.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.46 575.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 320.73 575.10 Td (market ) Tj ET Q q 0 0 0 rg BT 350.54 575.10 Td (price ) Tj ET Q q 0 0 0 rg BT 372.57 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.95 575.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 412.77 575.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 438.15 575.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 466.29 575.10 Td (2\), ) Tj ET Q q 0 0 0 rg BT 479.17 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.44 575.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.36 575.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.55 563.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 150.14 563.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 192.62 563.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.79 563.10 Td (based ) Tj ET Q q 0 0 0 rg BT 227.06 563.10 Td (on ) Tj ET Q q 0 0 0 rg BT 239.56 563.10 Td (market-observable ) Tj ET Q q 0 0 0 rg BT 316.47 563.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 343.42 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.36 563.10 Td (is ) Tj ET Q q 0 0 0 rg BT 369.53 563.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 409.79 563.10 Td (as ) Tj ET Q q 0 0 0 rg BT 420.62 563.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 445.88 563.10 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 544.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.74 544.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 138.30 544.10 Td (value ) Tj ET Q q 0 0 0 rg BT 162.65 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.67 544.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 204.13 544.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 242.91 544.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 286.14 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.05 544.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 348.17 544.10 Td (unsettled ) Tj ET Q q 0 0 0 rg BT 386.96 544.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 425.19 544.10 Td (mar) Tj ET Q q 0 0 0 rg BT 440.56 544.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 456.03 544.10 Td (\(open ) Tj ET Q q 0 0 0 rg BT 481.49 544.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 504.16 544.10 Td (equity) Tj ET Q q 0 0 0 rg BT 528.51 544.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 532.10 Td (net ) Tj ET Q q 0 0 0 rg BT 95.82 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.75 532.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 127.12 532.10 Td (settlements\) ) Tj ET Q q 0 0 0 rg BT 178.05 532.10 Td (which ) Tj ET Q q 0 0 0 rg BT 205.09 532.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 248.23 532.10 Td (what ) Tj ET Q q 0 0 0 rg BT 270.27 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.09 532.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 326.58 532.10 Td (would ) Tj ET Q q 0 0 0 rg BT 354.18 532.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 382.88 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.26 532.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 424.72 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.65 532.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 452.69 532.10 Td (at ) Tj ET Q q 0 0 0 rg BT 462.51 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.33 532.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 510.47 532.10 Td (sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 520.10 Td (date ) Tj ET Q q 0 0 0 rg BT 100.76 520.10 Td (if ) Tj ET Q q 0 0 0 rg BT 109.98 520.10 Td (it ) Tj ET Q q 0 0 0 rg BT 118.64 520.10 Td (canceled ) Tj ET Q q 0 0 0 rg BT 156.72 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.04 520.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 202.92 520.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 238.23 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 249.66 520.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 282.19 520.10 Td (into ) Tj ET Q q 0 0 0 rg BT 300.86 520.10 Td (of) Tj ET Q q 0 0 0 rg BT 309.01 520.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 342.11 520.10 Td (positions. ) Tj ET Q q 0 0 0 rg BT 383.83 520.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 406.94 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.83 520.10 Td (December ) Tj ET Q q 0 0 0 rg BT 462.02 520.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 477.63 520.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 503.23 520.10 Td (futures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 508.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 118.58 508.10 Td (were ) Tj ET Q q 0 0 0 rg BT 139.49 508.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 178.74 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.56 508.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 212.81 508.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 221.79 508.10 Td (but ) Tj ET Q q 0 0 0 rg BT 236.06 508.10 Td (it ) Tj ET Q q 0 0 0 rg BT 243.10 508.10 Td (was ) Tj ET Q q 0 0 0 rg BT 260.14 508.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 306.61 508.10 Td (that ) Tj ET Q q 0 0 0 rg BT 323.09 508.10 Td (these ) Tj ET Q q 0 0 0 rg BT 345.12 508.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 382.70 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 393.62 508.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 432.87 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 442.69 508.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 466.94 508.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 473.42 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 486.57 508.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 496.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 120.16 496.10 Td (periods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 477.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.06 477.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 136.96 477.10 Td (value ) Tj ET Q q 0 0 0 rg BT 160.63 477.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 215.95 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.30 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.53 477.10 Td (FIA) Tj ET Q q 0 0 0 rg BT 256.09 477.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.11 477.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 301.22 477.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 347.10 477.10 Td (included ) Tj ET Q q 0 0 0 rg BT 383.55 477.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.35 477.10 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 453.11 477.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 477.35 477.10 Td (is ) Tj ET Q q 0 0 0 rg BT 486.04 477.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 465.10 Td (through ) Tj ET Q q 0 0 0 rg BT 116.94 465.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.21 465.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 181.03 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.19 465.10 Td (market ) Tj ET Q q 0 0 0 rg BT 226.78 465.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 274.93 465.10 Td (information ) Tj ET Q q 0 0 0 rg BT 326.97 465.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.24 465.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 393.28 465.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 451.43 465.10 Td (inputs. ) Tj ET Q q 0 0 0 rg BT 482.86 465.10 Td (The ) Tj ET Q q 0 0 0 rg BT 503.24 465.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 453.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 126.59 453.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 153.31 453.10 Td (are ) Tj ET Q q 0 0 0 rg BT 167.79 453.10 Td (market ) Tj ET Q q 0 0 0 rg BT 197.83 453.10 Td (value ) Tj ET Q q 0 0 0 rg BT 221.75 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.36 453.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 262.69 453.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.40 453.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 311.10 453.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 333.93 453.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 357.58 453.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.69 453.10 Td (The ) Tj ET Q q 0 0 0 rg BT 377.51 453.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 421.99 453.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 477.58 453.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 504.30 453.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.78 453.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 441.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 119.69 441.10 Td (multiplier) Tj ET Q q 0 0 0 rg BT 158.72 441.10 Td (, ) Tj ET Q q 0 0 0 rg BT 163.25 441.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 203.03 441.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 226.44 441.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.90 441.10 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 313.78 441.10 Td (spread. ) Tj ET Q q 0 0 0 rg BT 344.25 441.10 Td (The ) Tj ET Q q 0 0 0 rg BT 361.83 441.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 400.51 441.10 Td (multiplier ) Tj ET Q q 0 0 0 rg BT 441.98 441.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.22 441.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 511.01 441.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 429.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 429.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.00 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.56 429.10 Td (was ) Tj ET Q q 0 0 0 rg BT 138.67 429.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 170.67 429.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.01 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.22 429.10 Td (Annuity ) Tj ET Q q 0 0 0 rg BT 230.56 429.10 Td (2000 ) Tj ET Q q 0 0 0 rg BT 253.12 429.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 292.34 429.10 Td (tables. ) Tj ET Q q 0 0 0 rg BT 320.73 429.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 367.17 429.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 406.38 429.10 Td (\(decreases\) ) Tj ET Q q 0 0 0 rg BT 453.90 429.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.24 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.02 429.10 Td (market ) Tj ET Q q 0 0 0 rg BT 509.35 429.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.44 417.10 Td (option ) Tj ET Q q 0 0 0 rg BT 119.10 417.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.98 417.10 Td (isolation ) Tj ET Q q 0 0 0 rg BT 165.53 417.10 Td (would ) Tj ET Q q 0 0 0 rg BT 192.64 417.10 Td (result ) Tj ET Q q 0 0 0 rg BT 216.96 417.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.85 417.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.39 417.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 261.04 417.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.48 417.10 Td (lower) Tj ET Q q 0 0 0 rg BT 293.85 417.10 Td (, ) Tj ET Q q 0 0 0 rg BT 298.45 417.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 346.11 417.10 Td (, ) Tj ET Q q 0 0 0 rg BT 350.72 417.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 366.70 417.10 Td (value ) Tj ET Q q 0 0 0 rg BT 390.46 417.10 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 448.38 417.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 494.37 417.10 Td (increases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 405.10 Td (\(decreases\) ) Tj ET Q q 0 0 0 rg BT 129.28 405.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.37 405.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 173.11 405.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 196.98 405.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 221.67 405.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 261.64 405.10 Td (multiplier) Tj ET Q q 0 0 0 rg BT 300.68 405.10 Td (, ) Tj ET Q q 0 0 0 rg BT 306.49 405.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 347.56 405.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 372.25 405.10 Td (or ) Tj ET Q q 0 0 0 rg BT 383.89 405.10 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 456.06 405.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 485.47 405.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.56 405.10 Td (isolation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 393.10 Td (would ) Tj ET Q q 0 0 0 rg BT 108.04 393.10 Td (result ) Tj ET Q q 0 0 0 rg BT 132.30 393.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.12 393.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.60 393.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 173.41 393.10 Td (\(higher\) ) Tj ET Q q 0 0 0 rg BT 207.66 393.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 223.57 393.10 Td (value ) Tj ET Q q 0 0 0 rg BT 247.27 393.10 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 305.12 393.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 343.90 393.10 Td (, ) Tj ET Q q 0 0 0 rg BT 348.44 393.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.92 393.10 Td (change ) Tj ET Q q 0 0 0 rg BT 385.27 393.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.09 393.10 Td (any ) Tj ET Q q 0 0 0 rg BT 411.57 393.10 Td (one ) Tj ET Q q 0 0 0 rg BT 428.05 393.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 483.41 393.10 Td (input ) Tj ET Q q 0 0 0 rg BT 506.00 393.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 381.10 Td (not ) Tj ET Q q 0 0 0 rg BT 96.28 381.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 129.32 381.10 Td (result ) Tj ET Q q 0 0 0 rg BT 154.04 381.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.32 381.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.25 381.10 Td (change ) Tj ET Q q 0 0 0 rg BT 202.07 381.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.35 381.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.29 381.10 Td (other ) Tj ET Q q 0 0 0 rg BT 252.33 381.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 308.15 381.10 Td (input. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 360.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 126.82 360.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 341.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 149.46 341.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 187.09 341.10 Td (include ) Tj ET Q q 0 0 0 rg BT 218.05 341.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 252.89 341.10 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 293.02 341.10 Td (FIAs, ) Tj ET Q q 0 0 0 rg BT 317.06 341.10 Td (indexed ) Tj ET Q q 0 0 0 rg BT 350.25 341.10 Td (universal ) Tj ET Q q 0 0 0 rg BT 388.43 341.10 Td (life ) Tj ET Q q 0 0 0 rg BT 403.29 341.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 435.92 341.10 Td (\("IULs"\) ) Tj ET Q q 0 0 0 rg BT 472.83 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.80 341.10 Td (immediate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 329.10 Td (annuities. ) Tj ET Q q 0 0 0 rg BT 122.24 329.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.62 329.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 157.34 329.10 Td (value ) Tj ET Q q 0 0 0 rg BT 181.83 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.00 329.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 229.15 329.10 Td (annuity) Tj ET Q q 0 0 0 rg BT 258.50 329.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.83 329.10 Td (FIA, ) Tj ET Q q 0 0 0 rg BT 285.29 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.56 329.10 Td (IUL) Tj ET Q q 0 0 0 rg BT 318.85 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.69 329.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 360.63 329.10 Td (is ) Tj ET Q q 0 0 0 rg BT 370.14 329.10 Td (based ) Tj ET Q q 0 0 0 rg BT 395.74 329.10 Td (on ) Tj ET Q q 0 0 0 rg BT 408.58 329.10 Td (their ) Tj ET Q q 0 0 0 rg BT 429.75 329.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 450.36 329.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 490.95 329.10 Td (value ) Tj ET Q q 0 0 0 rg BT 515.45 329.10 Td (\(i.e. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.13 317.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 115.16 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.29 317.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.09 317.10 Td (would ) Tj ET Q q 0 0 0 rg BT 200.00 317.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 223.47 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.16 317.10 Td (extinguish ) Tj ET Q q 0 0 0 rg BT 278.74 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.87 317.10 Td (liability\) ) Tj ET Q q 0 0 0 rg BT 331.22 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 342.47 317.10 Td (these ) Tj ET Q q 0 0 0 rg BT 365.93 317.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 404.94 317.10 Td (are ) Tj ET Q q 0 0 0 rg BT 420.06 317.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 460.18 317.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 488.09 317.10 Td (without ) Tj ET Q q 0 0 0 rg BT 521.57 317.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 305.10 Td (annuitization ) Tj ET Q q 0 0 0 rg BT 134.88 305.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 155.58 305.10 Td (The ) Tj ET Q q 0 0 0 rg BT 172.80 305.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 188.34 305.10 Td (value ) Tj ET Q q 0 0 0 rg BT 211.67 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.66 305.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 265.54 305.10 Td (annuities ) Tj ET Q q 0 0 0 rg BT 303.31 305.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 341.08 305.10 Td (is ) Tj ET Q q 0 0 0 rg BT 349.41 305.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 381.07 305.10 Td (by ) Tj ET Q q 0 0 0 rg BT 392.74 305.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 438.27 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.38 305.10 Td (new ) Tj ET Q q 0 0 0 rg BT 462.71 305.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 478.26 305.10 Td (value ) Tj ET Q q 0 0 0 rg BT 501.58 305.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 293.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 98.23 293.10 Td (using ) Tj ET Q q 0 0 0 rg BT 122.14 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.60 293.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 170.50 293.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 192.74 293.10 Td (curve ) Tj ET Q q 0 0 0 rg BT 217.19 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.87 293.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 268.32 293.10 Td (spreads ) Tj ET Q q 0 0 0 rg BT 300.56 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 311.13 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.71 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.17 293.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 378.94 293.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 417.84 293.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 438.74 293.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.99 293.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 511.00 293.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.00 293.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 281.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.40 281.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.40 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 123.86 281.10 Td (this ) Tj ET Q q 0 0 0 rg BT 141.27 281.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 175.88 281.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.62 281.10 Td (higher) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.17 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.13 281.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.53 281.10 Td (higher) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.68 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.14 281.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 310.80 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 316.26 281.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 333.09 281.10 Td (value ) Tj ET Q q 0 0 0 rg BT 357.71 281.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 393.43 281.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 426.37 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.11 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.29 281.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 488.56 281.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 515.46 281.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 269.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.07 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.93 269.10 Td (not ) Tj ET Q q 0 0 0 rg BT 148.89 269.10 Td (required ) Tj ET Q q 0 0 0 rg BT 185.39 269.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 198.86 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.48 269.10 Td (has ) Tj ET Q q 0 0 0 rg BT 233.00 269.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 251.46 269.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 292.97 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.37 269.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 325.44 269.10 Td (value ) Tj ET Q q 0 0 0 rg BT 350.28 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.79 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.20 269.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 417.60 269.10 Td (under ) Tj ET Q q 0 0 0 rg BT 443.55 269.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 482.83 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 501.01 269.10 Td (involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 257.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 125.46 257.10 Td (mortality ) Tj ET Q q 0 0 0 rg BT 164.37 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.94 257.10 Td (morbidity ) Tj ET Q q 0 0 0 rg BT 216.64 257.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 240.27 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 250.85 257.10 Td (these ) Tj ET Q q 0 0 0 rg BT 273.65 257.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 313.11 257.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 328.68 257.10 Td (within ) Tj ET Q q 0 0 0 rg BT 356.49 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.95 257.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 412.08 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.66 257.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 463.22 257.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 501.56 257.10 Td (that ) Tj ET Q q 0 0 0 rg BT 518.81 257.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 245.10 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 126.26 245.10 Td (from ) Tj ET Q q 0 0 0 rg BT 148.20 245.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.68 245.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 234.85 245.10 Td (that ) Tj ET Q q 0 0 0 rg BT 252.34 245.10 Td (require ) Tj ET Q q 0 0 0 rg BT 283.16 245.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 330.10 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.93 245.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 357.30 245.10 Td (value. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 224.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 106.83 224.10 Td (Invested ) Tj ET Q q 0 0 0 rg BT 142.46 224.10 Td (Assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 205.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 123.41 205.10 Td (value ) Tj ET Q q 0 0 0 rg BT 148.86 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.99 205.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.12 205.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 199.14 205.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 253.48 205.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 286.71 205.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 328.27 205.10 Td (approximates ) Tj ET Q q 0 0 0 rg BT 385.95 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.96 205.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 432.98 205.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 472.32 205.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 506.65 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.78 205.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 193.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 133.32 193.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 164.54 193.10 Td (as ) Tj ET Q q 0 0 0 rg BT 174.66 193.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.78 193.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 244.33 193.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.33 193.10 Td (. ) Tj ET Q q 0 0 0 rg BT 268.62 193.10 Td (In ) Tj ET Q q 0 0 0 rg BT 278.73 193.10 Td (making ) Tj ET Q q 0 0 0 rg BT 310.52 193.10 Td (this ) Tj ET Q q 0 0 0 rg BT 326.75 193.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 372.98 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.98 193.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 427.66 193.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 472.76 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.76 193.10 Td (suf) Tj ET Q q 0 0 0 rg BT 498.80 193.10 Td (ficiency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.04 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.97 181.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 159.01 181.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 180.94 181.10 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 225.35 181.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 276.17 181.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.66 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.59 181.10 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 354.72 181.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 388.87 181.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 408.57 181.10 Td (between ) Tj ET Q q 0 0 0 rg BT 446.60 181.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 495.19 181.10 Td (date ) Tj ET Q q 0 0 0 rg BT 516.56 181.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 169.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 140.98 169.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.98 169.10 Td (, ) Tj ET Q q 0 0 0 rg BT 165.69 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.12 169.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 213.99 169.10 Td (market ) Tj ET Q q 0 0 0 rg BT 243.97 169.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 288.94 169.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.81 169.10 Td (these ) Tj ET Q q 0 0 0 rg BT 325.57 169.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 365.55 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.20 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.63 169.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 440.50 169.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 476.60 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.14 169.10 Td (these ) Tj ET Q q 0 0 0 rg BT 509.90 169.10 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 157.10 Td (\(less ) Tj ET Q q 0 0 0 rg BT 101.83 157.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.55 157.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 129.05 157.10 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.25 157.10 Td (\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 138.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 122.07 138.10 Td (value ) Tj ET Q q 0 0 0 rg BT 146.20 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.99 138.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.79 138.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 192.47 138.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 245.47 138.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 281.26 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.51 138.10 Td (RSH ) Tj ET Q q 0 0 0 rg BT 313.43 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.33 138.10 Td (JSN ) Tj ET Q q 0 0 0 rg BT 349.47 138.10 Td (Jewellery) Tj ET Q q 0 0 0 rg BT 387.14 138.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.10 138.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 409.84 138.10 Td (are ) Tj ET Q q 0 0 0 rg BT 424.51 138.10 Td (based ) Tj ET Q q 0 0 0 rg BT 449.75 138.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 472.21 138.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.12 138.10 Td (best ) Tj ET Q q 0 0 0 rg BT 497.69 138.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.70 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.30 126.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 144.20 126.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 189.91 126.10 Td (value ) Tj ET Q q 0 0 0 rg BT 213.94 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.64 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.23 126.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 284.93 126.10 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 326.48 126.10 Td (As ) Tj ET Q q 0 0 0 rg BT 339.97 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.67 126.10 Td (September ) Tj ET Q q 0 0 0 rg BT 395.81 126.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 410.69 126.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 435.56 126.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 488.49 126.10 Td (all ) Tj ET Q q 0 0 0 rg BT 500.86 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.56 126.10 Td (RSH ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 114.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 107.42 114.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.29 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.60 114.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 159.46 114.10 Td (have ) Tj ET Q q 0 0 0 rg BT 181.43 114.10 Td (been ) Tj ET Q q 0 0 0 rg BT 203.40 114.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 245.92 114.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.79 114.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 277.65 114.10 Td (through ) Tj ET Q q 0 0 0 rg BT 311.85 114.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 358.28 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.81 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.12 114.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 408.09 114.10 Td (value ) Tj ET Q q 0 0 0 rg BT 432.84 114.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.26 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.57 114.10 Td (Company) Tj ET Q q 0 0 0 rg BT 501.24 114.10 Td (s ) Tj ET Q q 0 0 0 rg BT 508.22 114.10 Td (RSH-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 102.10 Td (related ) Tj ET Q q 0 0 0 rg BT 109.46 102.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 145.17 102.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 175.85 102.10 Td (these ) Tj ET Q q 0 0 0 rg BT 197.66 102.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 216.68 102.10 Td (balances, ) Tj ET Q q 0 0 0 rg BT 254.87 102.10 Td (net ) Tj ET Q q 0 0 0 rg BT 268.34 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.93 102.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 317.51 102.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 357.28 102.10 Td (The ) Tj ET Q q 0 0 0 rg BT 374.08 102.10 Td (wind ) Tj ET Q q 0 0 0 rg BT 395.34 102.10 Td (down ) Tj ET Q q 0 0 0 rg BT 418.82 102.10 Td (process ) Tj ET Q q 0 0 0 rg BT 450.07 102.10 Td (continues; ) Tj ET Q q 0 0 0 rg BT 492.43 102.10 Td (therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 90.10 Td (some ) Tj ET Q q 0 0 0 rg BT 104.61 90.10 Td (variability ) Tj ET Q q 0 0 0 rg BT 148.21 90.10 Td (still ) Tj ET Q q 0 0 0 rg BT 165.71 90.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 190.99 90.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.27 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.99 90.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 232.36 90.10 Td (value ) Tj ET Q q 0 0 0 rg BT 256.52 90.10 Td (related ) Tj ET Q q 0 0 0 rg BT 286.22 90.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.50 90.10 Td (these ) Tj ET Q q 0 0 0 rg BT 319.54 90.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 71.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 122.07 71.10 Td (value ) Tj ET Q q 0 0 0 rg BT 146.18 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.97 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.10 71.10 Td (AnchorPath ) Tj ET Q q 0 0 0 rg BT 221.33 71.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 264.88 71.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 307.32 71.10 Td (is ) Tj ET Q q 0 0 0 rg BT 316.45 71.10 Td (based ) Tj ET Q q 0 0 0 rg BT 341.68 71.10 Td (on ) Tj ET Q q 0 0 0 rg BT 354.13 71.10 Td (an ) Tj ET Q q 0 0 0 rg BT 366.03 71.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 421.81 71.10 Td (input, ) Tj ET Q q 0 0 0 rg BT 447.32 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.00 71.10 Td (net ) Tj ET Q q 0 0 0 rg BT 476.67 71.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 498.57 71.10 Td (value ) Tj ET Q q 0 0 0 rg BT 522.68 71.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.89 59.10 Td (AnchorPath ) Tj ET Q q 0 0 0 rg BT 144.81 59.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 165.29 59.10 Td (at ) Tj ET Q q 0 0 0 rg BT 174.66 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.03 59.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 221.71 59.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 244.41 59.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 268.06 59.10 Td (The ) Tj ET Q q 0 0 0 rg BT 285.76 59.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 329.00 59.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 371.13 59.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.96 59.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 409.88 59.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.81 59.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.40 59.10 Td (call ) Tj ET Q q 0 0 0 rg BT 442.98 59.10 Td (option ) Tj ET Q q 0 0 0 rg BT 470.69 59.10 Td (on ) Tj ET Q q 0 0 0 rg BT 482.84 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.21 59.10 Td (net ) Tj ET Q q 0 0 0 rg BT 511.58 59.10 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 47.10 Td (value ) Tj ET Q q 0 0 0 rg BT 105.63 47.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.94 47.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.47 47.10 Td (AnchorPath ) Tj ET Q q 0 0 0 rg BT 182.22 47.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 203.52 47.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.28 47.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.69 47.10 Td (strike ) Tj ET Q q 0 0 0 rg BT 256.89 47.10 Td (price ) Tj ET Q q 0 0 0 rg BT 279.85 47.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 47.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.36 47.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.34 47.10 Td (since ) Tj ET Q q 0 0 0 rg BT 334.86 47.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 353.38 47.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.36 47.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 398.20 47.10 Td (will ) Tj ET Q q 0 0 0 rg BT 416.73 47.10 Td (not ) Tj ET Q q 0 0 0 rg BT 432.49 47.10 Td (be ) Tj ET Q q 0 0 0 rg BT 444.90 47.10 Td (required ) Tj ET Q q 0 0 0 rg BT 481.19 47.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.95 47.10 Td (make ) Tj ET Q q 0 0 0 rg BT 516.58 47.10 Td (any ) Tj ET Q endstream endobj 289 0 obj <>] /Rotate 0 /Contents 290 0 R>> endobj 290 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 123.62 742.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 164.58 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 174.43 742.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 210.95 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.91 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.76 742.10 Td (fund-linked ) Tj ET Q q 0 0 0 rg BT 286.05 742.10 Td (note ) Tj ET Q q 0 0 0 rg BT 305.90 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.31 742.10 Td (order ) Tj ET Q q 0 0 0 rg BT 340.04 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.45 742.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 381.95 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.80 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 411.65 742.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 433.72 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 458.01 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.97 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.24 742.10 Td (AnchorPath ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 101.61 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 113.90 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.40 730.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 164.56 730.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 188.33 730.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 232.53 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.03 730.10 Td (Black ) Tj ET Q q 0 0 0 rg BT 272.64 730.10 Td (Scholes ) Tj ET Q q 0 0 0 rg BT 306.03 730.10 Td (model ) Tj ET Q q 0 0 0 rg BT 333.31 730.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 363.36 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.86 730.10 Td (net ) Tj ET Q q 0 0 0 rg BT 392.36 730.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 414.08 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 438.02 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.63 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.62 730.10 Td (AnchorPath ) Tj ET Q q 0 0 0 rg BT 512.67 730.10 Td (fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 92.10 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.09 718.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 123.74 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 148.16 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.26 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.25 718.10 Td (call ) Tj ET Q q 0 0 0 rg BT 191.46 718.10 Td (option ) Tj ET Q q 0 0 0 rg BT 219.78 718.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 263.09 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.19 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.18 718.10 Td (values ) Tj ET Q q 0 0 0 rg BT 317.50 718.10 Td (used ) Tj ET Q q 0 0 0 rg BT 338.60 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.03 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.02 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 391.34 718.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 418.56 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.11 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.09 718.10 Td (option ) Tj ET Q q 0 0 0 rg BT 472.42 718.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 503.52 718.10 Td (model. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.45 706.10 Td (net ) Tj ET Q q 0 0 0 rg BT 114.56 706.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 136.90 706.10 Td (value ) Tj ET Q q 0 0 0 rg BT 161.46 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.69 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.17 706.10 Td (AnchorPath ) Tj ET Q q 0 0 0 rg BT 237.84 706.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 259.07 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 268.64 706.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 307.08 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 319.98 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.10 706.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 356.33 706.10 Td (manager ) Tj ET Q q 0 0 0 rg BT 393.66 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 403.77 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.89 706.10 Td (end ) Tj ET Q q 0 0 0 rg BT 436.23 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.46 706.10 Td (each ) Tj ET Q q 0 0 0 rg BT 468.68 706.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 505.44 706.10 Td (month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.03 694.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 139.16 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.96 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 176.21 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 187.24 694.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 221.05 694.10 Td (would ) Tj ET Q q 0 0 0 rg BT 247.64 694.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 278.09 694.10 Td (if ) Tj ET Q q 0 0 0 rg BT 285.79 694.10 Td (it ) Tj ET Q q 0 0 0 rg BT 292.94 694.10 Td (withdrew ) Tj ET Q q 0 0 0 rg BT 332.30 694.10 Td (its ) Tj ET Q q 0 0 0 rg BT 343.34 694.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 388.81 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 400.40 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.21 694.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 446.33 694.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 468.47 694.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 489.10 694.10 Td (Therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.71 682.10 Td (key ) Tj ET Q q 0 0 0 rg BT 112.64 682.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 168.45 682.10 Td (input ) Tj ET Q q 0 0 0 rg BT 191.49 682.10 Td (used ) Tj ET Q q 0 0 0 rg BT 212.32 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.59 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.29 682.10 Td (Black ) Tj ET Q q 0 0 0 rg BT 263.11 682.10 Td (Scholes ) Tj ET Q q 0 0 0 rg BT 296.71 682.10 Td (model ) Tj ET Q q 0 0 0 rg BT 324.20 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 333.36 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.07 682.10 Td (value ) Tj ET Q q 0 0 0 rg BT 372.22 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.04 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.20 682.10 Td (AnchorPath ) Tj ET Q q 0 0 0 rg BT 447.46 682.10 Td (fund. ) Tj ET Q q 0 0 0 rg BT 470.23 682.10 Td (As ) Tj ET Q q 0 0 0 rg BT 483.83 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.54 682.10 Td (value ) Tj ET Q q 0 0 0 rg BT 522.69 682.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.17 670.10 Td (AnchorPath ) Tj ET Q q 0 0 0 rg BT 145.43 670.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 166.26 670.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 205.41 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 216.24 670.10 Td (decreases, ) Tj ET Q q 0 0 0 rg BT 259.54 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.26 670.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 290.64 670.10 Td (value ) Tj ET Q q 0 0 0 rg BT 314.79 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.62 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.34 670.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 383.93 670.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 426.42 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 444.47 670.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 479.73 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 490.56 670.10 Td (decrease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 651.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 123.23 651.10 Td (value ) Tj ET Q q 0 0 0 rg BT 148.51 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.47 651.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 192.97 651.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 234.35 651.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 281.84 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.91 651.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 344.63 651.10 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 394.62 651.10 Td (including ) Tj ET Q q 0 0 0 rg BT 436.02 651.10 Td (CAD ) Tj ET Q q 0 0 0 rg BT 460.76 651.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 499.36 651.10 Td (forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 122.09 639.10 Td (is ) Tj ET Q q 0 0 0 rg BT 131.26 639.10 Td (based ) Tj ET Q q 0 0 0 rg BT 156.53 639.10 Td (on ) Tj ET Q q 0 0 0 rg BT 169.03 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.75 639.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 213.47 639.10 Td (USD/CAD ) Tj ET Q q 0 0 0 rg BT 259.86 639.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 300.12 639.10 Td (rates.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 620.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 114.04 620.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 138.76 620.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 165.71 620.10 Td (- ) Tj ET Q q 0 0 0 rg BT 171.54 620.10 Td (HGI ) Tj ET Q q 0 0 0 rg BT 191.82 620.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 210.88 620.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 222.82 620.10 Td (Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 601.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.97 601.10 Td (HGI ) Tj ET Q q 0 0 0 rg BT 141.17 601.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 159.87 601.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 172.30 601.10 Td (loan's ) Tj ET Q q 0 0 0 rg BT 197.63 601.10 Td (\(discussed ) Tj ET Q q 0 0 0 rg BT 241.72 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.93 601.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 277.87 601.10 Td (14. ) Tj ET Q q 0 0 0 rg BT 292.80 601.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 325.77 601.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 349.13 601.10 Td (T) Tj ET Q q 0 0 0 rg BT 354.89 601.10 Td (ransactions" ) Tj ET Q q 0 0 0 rg BT 406.38 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.58 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.23 601.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 478.23 601.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 589.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 120.91 589.10 Td (Statements\) ) Tj ET Q q 0 0 0 rg BT 170.82 589.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 187.39 589.10 Td (value ) Tj ET Q q 0 0 0 rg BT 211.74 589.10 Td (is ) Tj ET Q q 0 0 0 rg BT 221.11 589.10 Td (based ) Tj ET Q q 0 0 0 rg BT 246.58 589.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.27 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.19 589.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 320.21 589.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 340.67 589.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 365.59 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.62 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.53 589.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 413.95 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.45 589.10 Td (The ) Tj ET Q q 0 0 0 rg BT 434.69 589.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 471.27 589.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 488.96 589.10 Td (was ) Tj ET Q q 0 0 0 rg BT 507.20 589.10 Td (set ) Tj ET Q q 0 0 0 rg BT 521.01 589.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 577.10 Td (observing ) Tj ET Q q 0 0 0 rg BT 122.94 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.66 577.10 Td (market ) Tj ET Q q 0 0 0 rg BT 167.92 577.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 185.40 577.10 Td (on ) Tj ET Q q 0 0 0 rg BT 197.90 577.10 Td (other ) Tj ET Q q 0 0 0 rg BT 220.95 577.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 240.67 577.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 289.83 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.66 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.38 577.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 341.21 577.10 Td (with ) Tj ET Q q 0 0 0 rg BT 361.49 577.10 Td (an ) Tj ET Q q 0 0 0 rg BT 373.43 577.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 419.81 577.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.97 577.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 467.21 577.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 558.10 Td (V) Tj ET Q q 0 0 0 rg BT 86.56 558.10 Td (aluation Methodologies and ) Tj ET Q q 0 0 0 rg BT 204.27 558.10 Td (Associated Inputs for Financial Instruments Not Carried at Fair V) Tj ET Q q 0 0 0 rg BT 478.50 558.10 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 537.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.53 537.10 Td (following ) Tj ET Q q 0 0 0 rg BT 161.40 537.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 205.06 537.10 Td (outlines ) Tj ET Q q 0 0 0 rg BT 238.70 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.90 537.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 313.77 537.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.19 537.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 381.63 537.10 Td (used ) Tj ET Q q 0 0 0 rg BT 401.94 537.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.70 537.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 453.67 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.87 537.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 483.73 537.10 Td (value ) Tj ET Q q 0 0 0 rg BT 507.37 537.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.68 537.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 525.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.02 525.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 168.73 525.10 Td (not ) Tj ET Q q 0 0 0 rg BT 184.56 525.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 215.36 525.10 Td (at ) Tj ET Q q 0 0 0 rg BT 225.62 525.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 242.54 525.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 269.74 525.10 Td (Considerable ) Tj ET Q q 0 0 0 rg BT 325.55 525.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 366.36 525.10 Td (is ) Tj ET Q q 0 0 0 rg BT 376.08 525.10 Td (required ) Tj ET Q q 0 0 0 rg BT 412.44 525.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.26 525.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 457.96 525.10 Td (these ) Tj ET Q q 0 0 0 rg BT 481.55 525.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 513.10 Td (used ) Tj ET Q q 0 0 0 rg BT 102.30 513.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.05 513.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 149.34 513.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 166.19 513.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 192.66 513.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 242.00 513.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.47 513.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.66 513.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 302.85 513.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 331.93 513.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.11 513.10 Td (not ) Tj ET Q q 0 0 0 rg BT 362.86 513.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 410.26 513.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 452.66 513.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.96 513.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.15 513.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 516.01 513.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 501.10 Td (would ) Tj ET Q q 0 0 0 rg BT 108.50 501.10 Td (be ) Tj ET Q q 0 0 0 rg BT 120.44 501.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 154.58 501.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.86 501.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.80 501.10 Td (one-time, ) Tj ET Q q 0 0 0 rg BT 212.34 501.10 Td (current ) Tj ET Q q 0 0 0 rg BT 243.15 501.10 Td (market ) Tj ET Q q 0 0 0 rg BT 273.42 501.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 313.67 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.50 501.10 Td (all ) Tj ET Q q 0 0 0 rg BT 337.00 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.83 501.10 Td (our ) Tj ET Q q 0 0 0 rg BT 363.66 501.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 401.14 501.10 Td (instruments.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 477.10 Td (Commer) Tj ET Q q 0 0 0 rg BT 115.07 477.10 Td (cial Mortgage Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 456.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.24 456.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 137.81 456.10 Td (value ) Tj ET Q q 0 0 0 rg BT 162.17 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.19 456.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 223.08 456.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 263.54 456.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 287.35 456.10 Td (is ) Tj ET Q q 0 0 0 rg BT 296.71 456.10 Td (established ) Tj ET Q q 0 0 0 rg BT 343.84 456.10 Td (using ) Tj ET Q q 0 0 0 rg BT 368.21 456.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.34 456.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 421.36 456.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 441.82 456.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 462.85 456.10 Td (method ) Tj ET Q q 0 0 0 rg BT 495.54 456.10 Td (based ) Tj ET Q q 0 0 0 rg BT 521.00 456.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 105.82 444.10 Td (rating, ) Tj ET Q q 0 0 0 rg BT 133.71 444.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 169.65 444.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.15 444.10 Td (future ) Tj ET Q q 0 0 0 rg BT 212.08 444.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 245.93 444.10 Td (This ) Tj ET Q q 0 0 0 rg BT 265.77 444.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 287.82 444.10 Td (based ) Tj ET Q q 0 0 0 rg BT 312.65 444.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 351.35 444.10 Td (was ) Tj ET Q q 0 0 0 rg BT 368.97 444.10 Td (sourced ) Tj ET Q q 0 0 0 rg BT 402.12 444.10 Td (from ) Tj ET Q q 0 0 0 rg BT 423.62 444.10 Td (our ) Tj ET Q q 0 0 0 rg BT 439.01 444.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 483.83 444.10 Td (vendor) Tj ET Q q 0 0 0 rg BT 511.05 444.10 Td (. ) Tj ET Q q 0 0 0 rg BT 515.46 444.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 110.71 432.10 Td (for ) Tj ET Q q 0 0 0 rg BT 124.87 432.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 169.02 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.30 432.10 Td (good ) Tj ET Q q 0 0 0 rg BT 201.79 432.10 Td (standing ) Tj ET Q q 0 0 0 rg BT 238.18 432.10 Td (are ) Tj ET Q q 0 0 0 rg BT 252.88 432.10 Td (based ) Tj ET Q q 0 0 0 rg BT 278.15 432.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.64 432.10 Td (property ) Tj ET Q q 0 0 0 rg BT 327.02 432.10 Td (type, ) Tj ET Q q 0 0 0 rg BT 349.23 432.10 Td (location, ) Tj ET Q q 0 0 0 rg BT 386.44 432.10 Td (market ) Tj ET Q q 0 0 0 rg BT 416.70 432.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 463.36 432.10 Td (occupancy) Tj ET Q q 0 0 0 rg BT 505.46 432.10 Td (, ) Tj ET Q q 0 0 0 rg BT 510.46 432.10 Td (debt-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 420.10 Td (service ) Tj ET Q q 0 0 0 rg BT 111.25 420.10 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 151.77 420.10 Td (loan-to-value, ) Tj ET Q q 0 0 0 rg BT 209.52 420.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 239.23 420.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.49 420.10 Td (tenancy) Tj ET Q q 0 0 0 rg BT 279.94 420.10 Td (, ) Tj ET Q q 0 0 0 rg BT 284.37 420.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 322.96 420.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.33 420.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 375.70 420.10 Td (record. ) Tj ET Q q 0 0 0 rg BT 405.54 420.10 Td (The ) Tj ET Q q 0 0 0 rg BT 423.02 420.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 458.27 420.10 Td (value ) Tj ET Q q 0 0 0 rg BT 481.86 420.10 Td (for ) Tj ET Q q 0 0 0 rg BT 495.46 420.10 Td (impaired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 120.45 408.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 143.24 408.10 Td (is ) Tj ET Q q 0 0 0 rg BT 151.60 408.10 Td (based ) Tj ET Q q 0 0 0 rg BT 176.05 408.10 Td (on ) Tj ET Q q 0 0 0 rg BT 187.74 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.64 408.10 Td (present ) Tj ET Q q 0 0 0 rg BT 232.21 408.10 Td (value ) Tj ET Q q 0 0 0 rg BT 255.55 408.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.56 408.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 302.78 408.10 Td (future ) Tj ET Q q 0 0 0 rg BT 328.35 408.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 347.80 408.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 371.71 408.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 416.72 408.10 Td (at ) Tj ET Q q 0 0 0 rg BT 425.62 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.52 408.10 Td (loan) Tj ET Q q 0 0 0 rg BT 459.52 408.10 Td (s ) Tj ET Q q 0 0 0 rg BT 465.10 408.10 Td (ef) Tj ET Q q 0 0 0 rg BT 472.69 408.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 501.57 408.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 101.17 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.07 396.10 Td (loan) Tj ET Q q 0 0 0 rg BT 136.07 396.10 Td (s ) Tj ET Q q 0 0 0 rg BT 142.65 396.10 Td (market ) Tj ET Q q 0 0 0 rg BT 173.09 396.10 Td (price ) Tj ET Q q 0 0 0 rg BT 195.77 396.10 Td (or ) Tj ET Q q 0 0 0 rg BT 206.78 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.68 396.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 238.25 396.10 Td (value ) Tj ET Q q 0 0 0 rg BT 262.59 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.60 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.50 396.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 328.39 396.10 Td (if ) Tj ET Q q 0 0 0 rg BT 337.18 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.08 396.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 371.99 396.10 Td (is ) Tj ET Q q 0 0 0 rg BT 381.34 396.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 421.22 396.10 Td (dependent. ) Tj ET Q q 0 0 0 rg BT 467.31 396.10 Td (The ) Tj ET Q q 0 0 0 rg BT 485.54 396.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 512.68 396.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 384.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.59 384.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 125.72 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.75 384.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 155.44 384.10 Td (value ) Tj ET Q q 0 0 0 rg BT 178.91 384.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.06 384.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.20 384.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 253.21 384.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 292.79 384.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 315.71 384.10 Td (are ) Tj ET Q q 0 0 0 rg BT 329.73 384.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 369.31 384.10 Td (as ) Tj ET Q q 0 0 0 rg BT 379.45 384.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 404.03 384.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 410.85 384.10 Td (within ) Tj ET Q q 0 0 0 rg BT 438.22 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.25 384.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 467.94 384.10 Td (value ) Tj ET Q q 0 0 0 rg BT 491.41 384.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 528.51 384.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 360.10 Td (Policy ) Tj ET Q q 0 0 0 rg BT 109.04 360.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 136.00 360.10 Td (\(included ) Tj ET Q q 0 0 0 rg BT 176.26 360.10 Td (within ) Tj ET Q q 0 0 0 rg BT 203.76 360.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 229.59 360.10 Td (Invested ) Tj ET Q q 0 0 0 rg BT 265.23 360.10 Td (Assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 339.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 121.11 339.10 Td (values ) Tj ET Q q 0 0 0 rg BT 148.65 339.10 Td (for ) Tj ET Q q 0 0 0 rg BT 162.31 339.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 189.30 339.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 212.41 339.10 Td (are ) Tj ET Q q 0 0 0 rg BT 226.62 339.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 266.94 339.10 Td (from ) Tj ET Q q 0 0 0 rg BT 288.37 339.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.81 339.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.81 339.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 342.13 339.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 361.90 339.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 382.23 339.10 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 418.94 339.10 Td (using ) Tj ET Q q 0 0 0 rg BT 442.61 339.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 474.04 339.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 494.92 339.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 327.10 Td (being ) Tj ET Q q 0 0 0 rg BT 105.67 327.10 Td (of) Tj ET Q q 0 0 0 rg BT 113.82 327.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 136.81 327.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.92 327.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 174.48 327.10 Td (with ) Tj ET Q q 0 0 0 rg BT 194.71 327.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 224.93 327.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 250.15 327.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 272.60 327.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 299.49 327.10 Td (with ) Tj ET Q q 0 0 0 rg BT 319.72 327.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 349.94 327.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 409.58 327.10 Td (are ) Tj ET Q q 0 0 0 rg BT 424.24 327.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 470.55 327.10 Td (for ) Tj ET Q q 0 0 0 rg BT 484.66 327.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 522.67 327.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 315.10 Td (calculations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 296.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 114.06 296.10 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 164.33 296.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 210.15 296.10 Td (\(included ) Tj ET Q q 0 0 0 rg BT 250.41 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.69 296.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 286.52 296.10 Td (Invested ) Tj ET Q q 0 0 0 rg BT 322.16 296.10 Td (Assets\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 278.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 127.01 278.10 Td (value ) Tj ET Q q 0 0 0 rg BT 151.57 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.80 278.10 Td (our ) Tj ET Q q 0 0 0 rg BT 179.04 278.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 210.27 278.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 258.16 278.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 307.44 278.10 Td (a ) Tj ET Q q 0 0 0 rg BT 314.78 278.10 Td (private ) Tj ET Q q 0 0 0 rg BT 345.45 278.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 373.35 278.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 397.08 278.10 Td (is ) Tj ET Q q 0 0 0 rg BT 406.65 278.10 Td (based ) Tj ET Q q 0 0 0 rg BT 432.32 278.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 455.23 278.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 496.45 278.10 Td (net ) Tj ET Q q 0 0 0 rg BT 511.57 278.10 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 266.10 Td (value ) Tj ET Q q 0 0 0 rg BT 104.87 266.10 Td (information ) Tj ET Q q 0 0 0 rg BT 154.29 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.94 266.10 Td (is ) Tj ET Q q 0 0 0 rg BT 179.82 266.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 219.80 266.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.34 266.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 255.32 266.10 Td (3. ) Tj ET Q q 0 0 0 rg BT 265.03 266.10 Td (For ) Tj ET Q q 0 0 0 rg BT 281.13 266.10 Td (further ) Tj ET Q q 0 0 0 rg BT 310.55 266.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 354.43 266.10 Td (about ) Tj ET Q q 0 0 0 rg BT 378.86 266.10 Td (our ) Tj ET Q q 0 0 0 rg BT 394.40 266.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 424.95 266.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 472.14 266.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 518.24 266.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 254.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 107.38 254.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 117.38 254.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 172.64 254.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.92 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.64 254.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 244.72 254.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 299.99 254.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 339.70 254.10 Td (Statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 227.70 Td (Related ) Tj ET Q q 0 0 0 rg BT 114.04 227.70 Td (Party ) Tj ET Q q 0 0 0 rg BT 138.76 227.70 Td (Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 215.70 Td (The ) Tj ET Q q 0 0 0 rg BT 121.01 215.70 Td (related ) Tj ET Q q 0 0 0 rg BT 150.68 215.70 Td (party ) Tj ET Q q 0 0 0 rg BT 173.69 215.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 197.26 215.70 Td (\(discussed ) Tj ET Q q 0 0 0 rg BT 241.38 215.70 Td (in ) Tj ET Q q 0 0 0 rg BT 251.62 215.70 Td ("Note ) Tj ET Q q 0 0 0 rg BT 277.61 215.70 Td (14. ) Tj ET Q q 0 0 0 rg BT 292.57 215.70 Td (Related ) Tj ET Q q 0 0 0 rg BT 325.58 215.70 Td (Party ) Tj ET Q q 0 0 0 rg BT 348.97 215.70 Td (T) Tj ET Q q 0 0 0 rg BT 354.73 215.70 Td (ransactions" ) Tj ET Q q 0 0 0 rg BT 406.26 215.70 Td (to ) Tj ET Q q 0 0 0 rg BT 416.50 215.70 Td (the ) Tj ET Q q 0 0 0 rg BT 431.18 215.70 Td (Company's ) Tj ET Q q 0 0 0 rg BT 478.22 215.70 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 203.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 120.95 203.70 Td (Statements\) ) Tj ET Q q 0 0 0 rg BT 170.90 203.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 206.96 203.70 Td (value ) Tj ET Q q 0 0 0 rg BT 231.35 203.70 Td (at ) Tj ET Q q 0 0 0 rg BT 241.31 203.70 Td (par ) Tj ET Q q 0 0 0 rg BT 256.82 203.70 Td (approximates ) Tj ET Q q 0 0 0 rg BT 313.43 203.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 330.04 203.70 Td (value, ) Tj ET Q q 0 0 0 rg BT 356.94 203.70 Td (as ) Tj ET Q q 0 0 0 rg BT 368.01 203.70 Td (this ) Tj ET Q q 0 0 0 rg BT 385.19 203.70 Td (is ) Tj ET Q q 0 0 0 rg BT 394.60 203.70 Td (the ) Tj ET Q q 0 0 0 rg BT 409.56 203.70 Td (exit ) Tj ET Q q 0 0 0 rg BT 427.29 203.70 Td (price ) Tj ET Q q 0 0 0 rg BT 450.02 203.70 Td (for ) Tj ET Q q 0 0 0 rg BT 464.42 203.70 Td (the ) Tj ET Q q 0 0 0 rg BT 479.37 203.70 Td (obligation ) Tj ET Q q 0 0 0 rg BT 522.67 203.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 191.70 Td (these ) Tj ET Q q 0 0 0 rg BT 104.05 191.70 Td (loans.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 170.70 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 158.70 Td (The ) Tj ET Q q 0 0 0 rg BT 121.65 158.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 138.62 158.70 Td (value ) Tj ET Q q 0 0 0 rg BT 163.38 158.70 Td (of ) Tj ET Q q 0 0 0 rg BT 174.81 158.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 195.12 158.70 Td (is ) Tj ET Q q 0 0 0 rg BT 204.89 158.70 Td (based ) Tj ET Q q 0 0 0 rg BT 230.76 158.70 Td (on ) Tj ET Q q 0 0 0 rg BT 243.86 158.70 Td (quoted ) Tj ET Q q 0 0 0 rg BT 274.18 158.70 Td (market ) Tj ET Q q 0 0 0 rg BT 305.04 158.70 Td (prices. ) Tj ET Q q 0 0 0 rg BT 334.29 158.70 Td (The ) Tj ET Q q 0 0 0 rg BT 352.94 158.70 Td (inputs ) Tj ET Q q 0 0 0 rg BT 380.49 158.70 Td (used ) Tj ET Q q 0 0 0 rg BT 401.92 158.70 Td (to ) Tj ET Q q 0 0 0 rg BT 412.80 158.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 449.21 158.70 Td (the ) Tj ET Q q 0 0 0 rg BT 464.53 158.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 481.50 158.70 Td (value ) Tj ET Q q 0 0 0 rg BT 506.26 158.70 Td (of ) Tj ET Q q 0 0 0 rg BT 517.69 158.70 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 131.09 146.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 151.74 146.70 Td (are ) Tj ET Q q 0 0 0 rg BT 167.38 146.70 Td (classified ) Tj ET Q q 0 0 0 rg BT 208.57 146.70 Td (as ) Tj ET Q q 0 0 0 rg BT 220.33 146.70 Td (Level ) Tj ET Q q 0 0 0 rg BT 246.52 146.70 Td (2 ) Tj ET Q q 0 0 0 rg BT 254.95 146.70 Td (within ) Tj ET Q q 0 0 0 rg BT 283.94 146.70 Td (the ) Tj ET Q q 0 0 0 rg BT 299.58 146.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 316.89 146.70 Td (value ) Tj ET Q q 0 0 0 rg BT 341.97 146.70 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 379.08 146.70 Td (. ) Tj ET Q q 0 0 0 rg BT 385.01 146.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 403.99 146.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 445.74 146.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 471.94 146.70 Td (facility ) Tj ET Q q 0 0 0 rg BT 503.68 146.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 524.33 146.70 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 134.70 Td (classified ) Tj ET Q q 0 0 0 rg BT 121.14 134.70 Td (as ) Tj ET Q q 0 0 0 rg BT 131.85 134.70 Td (Level ) Tj ET Q q 0 0 0 rg BT 156.99 134.70 Td (3 ) Tj ET Q q 0 0 0 rg BT 164.37 134.70 Td (within ) Tj ET Q q 0 0 0 rg BT 192.30 134.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.89 134.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 223.15 134.70 Td (value ) Tj ET Q q 0 0 0 rg BT 247.18 134.70 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 284.28 134.70 Td (, ) Tj ET Q q 0 0 0 rg BT 289.16 134.70 Td (and ) Tj ET Q q 0 0 0 rg BT 305.98 134.70 Td (the ) Tj ET Q q 0 0 0 rg BT 320.57 134.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 336.82 134.70 Td (value ) Tj ET Q q 0 0 0 rg BT 360.86 134.70 Td (reflects ) Tj ET Q q 0 0 0 rg BT 392.66 134.70 Td (the ) Tj ET Q q 0 0 0 rg BT 407.25 134.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 453.50 134.70 Td (price ) Tj ET Q q 0 0 0 rg BT 475.86 134.70 Td (on ) Tj ET Q q 0 0 0 rg BT 488.24 134.70 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 122.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 96.00 122.70 Td (2016.) Tj ET Q endstream endobj 291 0 obj <>] /Rotate 0 /Contents 292 0 R>> endobj 292 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 742.10 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 157.86 742.10 Td (information ) Tj ET Q q 0 0 0 rg BT 208.50 742.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 250.24 742.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 295.88 742.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 352.63 742.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 380.51 742.10 Td (used ) Tj ET Q q 0 0 0 rg BT 402.27 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.36 742.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 457.43 742.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 483.62 742.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 492.05 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.36 742.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 141.34 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.80 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 190.92 730.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 240.72 730.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 271.61 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 281.96 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 298.97 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 323.76 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 335.22 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.69 730.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 407.59 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.59 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.72 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.29 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.29 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.43 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 486.77 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 498.24 730.10 Td (follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.01 730.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 680.60 130.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 680.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 680.60 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 680.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 680.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 680.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 680.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 680.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 680.60 89.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 647.60 130.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 647.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 647.60 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 647.60 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 647.60 89.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 601.60 130.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 601.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 601.60 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 601.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 601.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 601.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 601.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 601.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 601.60 89.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 577.60 130.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 577.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 577.60 63.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 577.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 577.60 64.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 577.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 577.60 64.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 577.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 577.60 89.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 527.60 130.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 527.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 527.60 63.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 527.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 527.60 64.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 527.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 527.60 64.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 527.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 527.60 89.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 485.60 130.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 485.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 485.60 63.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 485.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 485.60 64.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 485.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 485.60 64.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 485.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 485.60 89.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 454.60 130.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 454.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 454.60 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 454.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 454.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 454.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 454.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 454.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 454.60 89.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 419.60 130.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 419.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 419.60 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 419.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 419.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 419.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 419.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 419.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 419.60 89.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 395.60 130.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 395.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 395.60 63.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 395.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 395.60 64.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 395.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 395.60 64.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 395.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 395.60 89.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 364.60 130.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 364.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 364.60 63.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 364.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 364.60 64.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 364.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 364.60 64.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 364.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 364.60 89.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 331.60 130.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 331.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 331.60 63.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 331.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 331.60 64.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 331.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 331.60 64.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 331.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 331.60 89.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 258.60 130.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 258.60 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 258.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 258.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 258.60 89.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 234.60 130.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 234.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 234.60 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 234.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 234.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 234.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 234.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 234.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 234.60 89.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 199.60 130.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 199.60 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 199.60 63.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 199.60 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 199.60 64.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 199.60 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 199.60 64.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 199.60 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 199.60 89.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 159.60 130.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 159.60 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 159.60 63.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 159.60 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 159.60 64.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 159.60 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 159.60 64.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 159.60 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 159.60 89.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 119.60 130.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 119.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 119.60 63.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 119.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 119.60 64.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 119.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 119.60 64.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 119.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 119.60 89.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 680.6 m 278.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 680.6 m 346.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 680.6 m 414.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 680.6 m 507.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 258.6 m 278.5 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 247.60000000000002 m 278.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 245.60000000000002 m 278.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 98.60000000000002 m 278.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 87.60000000000002 m 278.5 87.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 85.60000000000002 m 278.5 85.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.30 705.83 Td (Fair Value at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.05 711.68 Td (Range \(Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.80 703.73 Td (average\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.10 692.83 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.50 684.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.45 692.83 Td (Valuation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.35 684.83 Td (Technique) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.40 692.83 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.20 684.83 Td (Input\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.10 684.83 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 84 671.430078125 m 105.33203125 671.430078125 l s q 0 0 0 rg BT 84.00 672.68 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 651.85 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.00 651.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 651.85 Td (144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 651.85 Td ( Broker) Tj ET Q q 0 0 0 rg BT 309.05 651.85 Td (-quoted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 651.85 Td ( Of) Tj ET Q q 0 0 0 rg BT 363.30 651.85 Td (fered quotes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 659.85 Td (97.54% - 101.55%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 651.85 Td (\(99.66%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 628.85 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.30 628.85 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 628.85 Td ( Matrix Pricing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 628.85 Td ( Quoted prices ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 636.85 Td (98.75% - 98.75%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 628.85 Td (\(98.75%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 613.85 Td (Asset-backed securities \(Salus CLO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 605.85 Td (equity tranche\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.30 605.85 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 613.85 Td ( ) Tj ET Q q 0 0 0 rg BT 286.86 613.85 Td (Third-Party ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 605.85 Td (V) Tj ET Q q 0 0 0 rg BT 289.89 605.85 Td (aluation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 605.85 Td ( Of) Tj ET Q q 0 0 0 rg BT 363.30 605.85 Td (fered quotes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 613.85 Td (28.37% - 28.37%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 605.85 Td (\(28.37%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 593.55 Td ( Discount rate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 593.55 Td (15.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 581.55 Td ( RSH Recovery ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 581.55 Td (5.50%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 568.85 Td ( Other loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 560.85 Td (recoveries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 560.85 Td (0.00% - 100.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 547.85 Td (Commercial mortgage-backed) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 539.85 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 531.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.30 531.85 Td (75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 531.85 Td ( Broker) Tj ET Q q 0 0 0 rg BT 309.05 531.85 Td (-quoted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 531.85 Td ( Of) Tj ET Q q 0 0 0 rg BT 363.30 531.85 Td (fered quotes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 539.85 Td (104.31% - 122.19%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 531.85 Td (\(1) Tj ET Q q 0 0 0 rg BT 427.37 531.85 Td (14.10%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 518.85 Td (Commercial mortgage-backed) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 510.85 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.30 510.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 510.85 Td ( Matrix Pricing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 510.85 Td ( Quoted prices) Tj ET Q BT /F1 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 524.40 55.99 -7.27 re f /GS0 gs q 0 0 0 rg BT 421.00 518.85 Td (98.41% - 98.41%) Tj ET Q BT /F1 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 516.40 29.99 -7.27 re f /GS0 gs q 0 0 0 rg BT 421.00 510.85 Td (\(98.41%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 489.85 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 489.85 Td (920) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 489.85 Td ( Broker) Tj ET Q q 0 0 0 rg BT 309.05 489.85 Td (-quoted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 489.85 Td ( Of) Tj ET Q q 0 0 0 rg BT 363.30 489.85 Td (fered quotes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 497.85 Td (50.00% - 1) Tj ET Q q 0 0 0 rg BT 456.03 497.85 Td (18.33%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 489.85 Td (\(103.37%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 470.85 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 470.85 Td (201) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 470.85 Td ( Matrix Pricing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 470.85 Td ( Quoted prices ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 477.55 Td (99.00% - 150.23%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 469.55 Td (\(107.65%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 458.55 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.30 458.55 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 458.55 Td ( Broker) Tj ET Q q 0 0 0 rg BT 309.05 458.55 Td (-quoted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 458.55 Td ( Of) Tj ET Q q 0 0 0 rg BT 363.30 458.55 Td (fered quotes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 458.55 Td (119.04%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 446.55 Td (Equity securities available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.30 446.55 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 446.55 Td ( Net ) Tj ET Q q 0 0 0 rg BT 300.11 446.55 Td (Asset ) Tj ET Q q 0 0 0 rg BT 319.74 446.55 Td (V) Tj ET Q q 0 0 0 rg BT 324.63 446.55 Td (alue ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 446.55 Td ( Not applicable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 446.55 Td (100.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 431.85 Td (Equity securities available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 423.85 Td (\(Salus preferred equity\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.30 423.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 423.85 Td ( Market-approach ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 423.85 Td ( ) Tj ET Q q 0 0 0 rg BT 354.70 423.85 Td (Y) Tj ET Q q 0 0 0 rg BT 360.04 423.85 Td (ield ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 423.85 Td (11.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 411.55 Td ( RSH Recovery ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 411.55 Td (5.50%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 399.55 Td ( Discount rate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 399.55 Td (15.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 387.55 Td ( Salus CLO ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 379.55 Td (Equity ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 380.85 Td (28.37%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 368.55 Td (Other invested assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 355.85 Td (Available-for-sale embedded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 347.85 Td (derivative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.30 347.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 355.85 Td ( Black-Scholes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 347.85 Td (model ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 355.85 Td ( Market value of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 347.85 Td (AnchorPath fund ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 347.85 Td (100.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 335.55 Td (Loan participations - Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.30 335.55 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 335.55 Td ( Market Pricing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 335.55 Td ( Of) Tj ET Q q 0 0 0 rg BT 363.30 335.55 Td (fered quotes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 335.55 Td (100.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 308.85 Td (Loan participations - JSN) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 300.85 Td (Jewellery, Inc.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.30 300.85 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 323.55 Td ( Liquidation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 315.55 Td (value 52.5% ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 307.55 Td (Recovery ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 299.55 Td (Estimate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 316.85 Td ( Recovery) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 308.85 Td (estimate \(wind-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 300.85 Td (down costs\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 316.20 Td (49.93% - 56.67%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 308.20 Td (\(52.50%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 270.85 Td (Loan participation - RadioShack) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 262.85 Td (\(RSH\) Corporation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.30 262.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 286.85 Td ( Liquidation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 278.85 Td (value 5% ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 270.85 Td (Recovery ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 262.85 Td (Estimate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 278.85 Td ( Recovery ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 270.85 Td (estimate \(wind-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 262.85 Td (down costs\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 275.70 Td (1.36% - 14.28%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 108.00 250.55 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.00 250.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.30 250.55 Td (1,491) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 238.68 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 226.55 Td (Derivatives:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 211.85 Td (FIA embedded derivatives,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 203.85 Td (included in contractholder funds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.00 203.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.30 203.85 Td (2,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 211.85 Td (Discounted Cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.00 203.85 Td (Flow) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 211.85 Td (Market value of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 203.85 Td (option) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 211.85 Td (0.00% - 26.64%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 203.85 Td (\(2.55%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 183.85 Td (SWAP rates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 191.55 Td (1.18% - 1.46%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 183.55 Td (\(1.31%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 171.55 Td (Mortality ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 163.55 Td (multiplier) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 171.55 Td (80.00% - 80.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 163.55 Td (\(80.00%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 143.85 Td (Surrender rates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 151.55 Td (0.50% - 75.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 143.55 Td (\(9.59%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 131.55 Td (Non-performance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 123.55 Td (spread) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 131.55 Td (0.25% - 0.25%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 123.55 Td (\(0.25%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 110.85 Td (Future option) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 102.85 Td (budget) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 102.85 Td (1.15% - 5.57% \(2.91%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 108.00 90.55 Td (Total liabilities at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.00 90.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.30 90.55 Td (2,383) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 293 0 obj <>] /Rotate 0 /Contents 294 0 R>> endobj 294 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-45) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 706.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 706.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 706.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 706.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 706.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 706.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 706.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 706.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 706.50 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 674.50 137.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 674.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 674.50 67.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 674.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 674.50 67.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 674.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 674.50 67.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 674.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 674.50 93.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 636.50 137.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 636.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 636.50 67.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 636.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 636.50 67.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 636.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 636.50 67.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 636.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 636.50 93.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 598.50 137.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 598.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 598.50 67.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 598.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 598.50 67.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 598.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 598.50 67.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 598.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 598.50 93.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 560.50 137.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 560.50 67.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 560.50 67.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 560.50 67.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 560.50 93.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 520.50 137.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 520.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 520.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 520.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 520.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 520.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 520.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 520.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 520.50 93.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 480.50 137.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 480.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 480.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 480.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 480.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 480.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 480.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 480.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 480.50 93.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 440.50 137.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 440.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 440.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 440.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 440.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 440.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 440.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 440.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 440.50 93.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 400.50 137.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 400.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 400.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 400.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 400.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 400.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 400.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 400.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 400.50 93.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 360.50 137.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 360.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 360.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 360.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 360.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 360.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 360.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 360.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 360.50 93.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 327.50 137.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 327.50 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 327.50 67.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 327.50 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 327.50 67.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 327.50 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 327.50 67.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 327.50 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 327.50 93.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 286.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 286.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 286.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 286.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 286.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 286.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 286.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 286.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 286.50 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 260.50 137.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 260.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 260.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 260.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 260.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 260.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 260.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 260.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 260.50 93.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 220.50 137.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 220.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 220.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 220.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 220.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 220.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 220.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 220.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 220.50 93.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 180.50 137.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 180.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 180.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 180.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 180.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 180.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 180.50 67.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 180.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 180.50 93.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 139.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 139.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 139.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 139.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 139.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 139.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 139.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 139.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 139.50 93.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 706.5 m 289.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 706.5 m 360.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 706.5 m 431.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 706.5 m 528.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 299.5 m 289.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 287.5 m 289.5 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 285.5 m 289.5 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 139.5 m 289.5 139.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 127.5 m 289.5 127.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 125.5 m 289.5 125.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.30 731.73 Td (Fair Value at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.05 739.73 Td (Range \(Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 731.73 Td (average\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.10 718.73 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.50 710.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.95 718.73 Td (Valuation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.85 710.73 Td (Technique) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.90 718.73 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.70 710.73 Td (Input\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.10 710.73 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 84 696.480078125 m 105.33203125 696.480078125 l s q 0 0 0 rg BT 84.00 697.73 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 678.75 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.00 678.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.30 678.75 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 678.75 Td (Broker) Tj ET Q q 0 0 0 rg BT 318.05 678.75 Td (-quoted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 678.75 Td (Of) Tj ET Q q 0 0 0 rg BT 375.30 678.75 Td (fered quotes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 685.45 Td (100.37% - 107.84%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 677.45 Td (\(102.42%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 666.45 Td (Asset-backed securities \(Salus CLO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 658.45 Td (equity tranche\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.30 659.75 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 666.45 Td (Third-Party ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 658.45 Td (V) Tj ET Q q 0 0 0 rg BT 300.89 658.45 Td (aluation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 659.75 Td (Of) Tj ET Q q 0 0 0 rg BT 375.30 659.75 Td (fered quotes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 659.75 Td (41.80%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 640.75 Td (Discount rate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 640.75 Td (15.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 628.45 Td (Constant default ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 620.45 Td (rate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 621.75 Td (2.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 602.75 Td (RSH Recovery ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 602.75 Td (30.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 590.45 Td (Other loan ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 582.45 Td (recoveries ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 583.75 Td (4.00% - 100.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 564.75 Td (Commercial mortgage-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 564.75 Td (144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 564.75 Td (Broker) Tj ET Q q 0 0 0 rg BT 318.05 564.75 Td (-quoted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 564.75 Td (Of) Tj ET Q q 0 0 0 rg BT 375.30 564.75 Td (fered quotes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 571.45 Td (99.32% - 1) Tj ET Q q 0 0 0 rg BT 473.03 571.45 Td (19.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 563.45 Td (\(1) Tj ET Q q 0 0 0 rg BT 444.37 563.45 Td (10.95%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 543.75 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 543.75 Td (898) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 543.75 Td (Broker) Tj ET Q q 0 0 0 rg BT 318.05 543.75 Td (-quoted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 543.75 Td (Of) Tj ET Q q 0 0 0 rg BT 375.30 543.75 Td (fered quotes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 551.75 Td (56.75% - 1) Tj ET Q q 0 0 0 rg BT 473.03 551.75 Td (13.83%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 543.75 Td (\(100.69%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 524.75 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.30 524.75 Td (66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 524.75 Td (Matrix Pricing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 524.75 Td (Quoted prices ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 531.45 Td (104.58% - 142.43%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 523.45 Td (\(110.03%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 512.45 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.30 504.75 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 504.75 Td (Broker) Tj ET Q q 0 0 0 rg BT 318.05 504.75 Td (-quoted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 504.75 Td (Of) Tj ET Q q 0 0 0 rg BT 375.30 504.75 Td (fered quotes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 504.75 Td (111.47%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 492.45 Td (Equity securities available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.30 484.75 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 484.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 309.11 484.75 Td (Asset ) Tj ET Q q 0 0 0 rg BT 328.74 484.75 Td (V) Tj ET Q q 0 0 0 rg BT 333.63 484.75 Td (alue ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 484.75 Td (Not applicable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 484.75 Td (100.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 472.45 Td (Equity securities available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.30 464.75 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 464.75 Td (Matrix Pricing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 464.75 Td (Quoted prices ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 464.75 Td (100.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 452.45 Td (Equity securities available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 444.45 Td (\(Salus preferred equity\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.30 444.75 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 444.75 Td (Market-approach) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 444.75 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 444.75 Td (11.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 424.75 Td (RSH recovery) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 424.75 Td (30.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 404.75 Td (Discount rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 404.75 Td (15.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 384.75 Td (Salus CLO Equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 384.75 Td (41.80%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 372.45 Td (Other invested assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 352.45 Td (Available-for-sale embedded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 344.45 Td (derivative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.30 344.75 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 352.45 Td (Black-Scholes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 344.45 Td (model ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 352.45 Td (Market value of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 344.45 Td (AnchorPath fund ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 344.75 Td (100.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 332.45 Td (Loan participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 331.75 Td (104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 331.75 Td ( Market Pricing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 331.75 Td (Of) Tj ET Q q 0 0 0 rg BT 375.30 331.75 Td (fered quotes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 331.75 Td (100.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 311.75 Td (Salus participation - RSH) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 303.75 Td (Corporation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.30 303.75 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 319.45 Td (Liquidation value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 311.45 Td ( 30% Recovery) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 303.45 Td (Estimate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 311.75 Td (Recovery estimate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 303.75 Td (\(wind-down costs\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 303.75 Td (30.00% - 34.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 108.00 290.75 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.00 290.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.30 290.75 Td (1,348) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 277.73 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 264.75 Td (Derivatives:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 252.45 Td (FIA embedded derivatives, included) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 244.45 Td (in contractholder funds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.00 244.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.30 244.75 Td (2,149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 252.45 Td (Discounted Cash ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.00 244.45 Td (Flow) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 252.45 Td (Market value of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 244.45 Td (option ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 252.45 Td (0.00% - 33.83%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 244.45 Td (\(1.01%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 224.75 Td (SW) Tj ET Q q 0 0 0 rg BT 378.11 224.75 Td (AP) Tj ET Q q 0 0 0 rg BT 388.04 224.75 Td ( rates ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 232.45 Td (1.38% - 2.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 224.45 Td (\(1.69%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 212.45 Td (Mortality ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 204.45 Td (multiplier ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 212.45 Td (80.00% - 80.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 204.45 Td (\(80.00%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 184.75 Td (Surrender rates ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 192.45 Td (0.50% - 75.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 184.45 Td (\(10.13%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 172.45 Td (Non-performance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 164.45 Td (spread ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 172.45 Td (0.25% - 0.25%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 164.45 Td (\(0.25%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 151.75 Td (Future option) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 143.75 Td (budget) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 143.75 Td (1.19% - 5.25% \(2.93%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 108.00 130.75 Td (Total liabilities at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.00 130.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.30 130.75 Td (2,149) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 103.00 Td (Changes ) Tj ET Q q 0 0 0 rg BT 139.23 103.00 Td (in ) Tj ET Q q 0 0 0 rg BT 148.30 103.00 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 191.23 103.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 216.42 103.00 Td (\(gains\), ) Tj ET Q q 0 0 0 rg BT 247.98 103.00 Td (net ) Tj ET Q q 0 0 0 rg BT 261.48 103.00 Td (in ) Tj ET Q q 0 0 0 rg BT 270.55 103.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.06 103.00 Td (Company) Tj ET Q q 0 0 0 rg BT 325.73 103.00 Td (s ) Tj ET Q q 0 0 0 rg BT 330.91 103.00 Td (FIA) Tj ET Q q 0 0 0 rg BT 346.47 103.00 Td ( ) Tj ET Q q 0 0 0 rg BT 347.76 103.00 Td (embedded ) Tj ET Q q 0 0 0 rg BT 390.15 103.00 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 435.31 103.00 Td (are ) Tj ET Q q 0 0 0 rg BT 448.81 103.00 Td (included ) Tj ET Q q 0 0 0 rg BT 484.54 103.00 Td (in ) Tj ET Q q 0 0 0 rg BT 493.60 103.00 Td ("Benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 91.00 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 91.00 Td (other ) Tj ET Q q 0 0 0 rg BT 120.99 91.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 155.69 91.00 Td (in ) Tj ET Q q 0 0 0 rg BT 165.97 91.00 Td (policy ) Tj ET Q q 0 0 0 rg BT 193.47 91.00 Td (reserves" ) Tj ET Q q 0 0 0 rg BT 232.81 91.00 Td (in ) Tj ET Q q 0 0 0 rg BT 243.08 91.00 Td (the ) Tj ET Q q 0 0 0 rg BT 257.80 91.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 313.08 91.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 359.46 91.00 Td (of ) Tj ET Q q 0 0 0 rg BT 370.29 91.00 Td (Operations. ) Tj ET Q endstream endobj 295 0 obj <>] /Rotate 0 /Contents 296 0 R>> endobj 296 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.01 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 163.87 742.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 190.16 742.10 Td (summarize ) Tj ET Q q 0 0 0 rg BT 237.00 742.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 272.17 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.91 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.10 742.10 Td (Company) Tj ET Q q 0 0 0 rg BT 339.76 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 346.62 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 384.57 742.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 434.20 742.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 464.92 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 475.10 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 491.94 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 516.57 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 122.30 730.10 Td (within ) Tj ET Q q 0 0 0 rg BT 151.39 730.10 Td (Level3 ) Tj ET Q q 0 0 0 rg BT 185.19 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.05 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.80 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 230.21 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 255.40 730.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 296.69 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.88 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.64 730.10 Td (years ) Tj ET Q q 0 0 0 rg BT 352.27 730.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.68 730.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 440.98 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.98 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.01 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.01 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.55 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.52 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.52 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 128.66 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.26 718.10 Td (This ) Tj ET Q q 0 0 0 rg BT 153.31 718.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 192.79 718.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 230.04 718.10 Td (any ) Tj ET Q q 0 0 0 rg BT 246.74 718.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 276.22 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.82 718.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 339.62 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.05 718.10 Td (VOBA) Tj ET Q q 0 0 0 rg BT 377.84 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.10 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.81 718.10 Td (DAC. ) Tj ET Q q 0 0 0 rg BT 422.52 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 440.33 718.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 463.71 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.41 718.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 506.57 718.10 Td (below ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (may ) Tj ET Q q 0 0 0 rg BT 99.59 706.10 Td (include ) Tj ET Q q 0 0 0 rg BT 130.39 706.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 163.97 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.12 706.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 188.37 706.10 Td (value ) Tj ET Q q 0 0 0 rg BT 211.40 706.10 Td (due ) Tj ET Q q 0 0 0 rg BT 227.21 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.36 706.10 Td (part ) Tj ET Q q 0 0 0 rg BT 253.28 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.43 706.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 307.12 706.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 332.94 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 349.31 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 362.88 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.70 706.10 Td (component ) Tj ET Q q 0 0 0 rg BT 414.50 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.20 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.79 706.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 476.38 706.10 Td (methodology) Tj ET Q q 0 0 0 rg BT 528.50 706.10 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 627.60 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 627.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 627.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 627.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 627.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 627.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 627.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 627.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 627.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 627.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 627.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 627.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 627.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 627.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 627.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 627.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 595.60 102.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 595.60 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 595.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 595.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 595.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 595.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 595.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 595.60 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 595.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 595.60 37.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 595.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 595.60 47.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 595.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 595.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 595.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 595.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 566.60 102.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 566.60 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 566.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 566.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 566.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 566.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 566.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 566.60 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 566.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 566.60 37.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 566.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 566.60 47.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 566.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 566.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 566.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 566.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 544.60 102.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 544.60 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 544.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 544.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 544.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 544.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 544.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 544.60 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 544.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 544.60 37.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 544.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 544.60 47.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 544.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 544.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 544.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 544.60 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 516.60 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 516.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 516.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 516.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 516.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 516.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 516.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 516.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 516.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 516.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 516.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 516.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 516.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 516.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 516.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 516.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 485.60 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 485.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 485.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 485.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 485.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 485.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 485.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 485.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 485.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 485.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 485.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 485.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 485.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 485.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 485.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 485.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 454.60 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 454.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 454.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 454.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 454.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 454.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 454.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 454.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 454.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 454.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 454.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 454.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 454.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 454.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 454.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 454.60 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 415.60 102.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 415.60 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 415.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 415.60 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 415.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 415.60 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 415.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 415.60 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 415.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 415.60 37.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 415.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 415.60 47.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 415.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 415.60 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 415.60 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 415.60 38.00 -19.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 679.6 m 224.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 679.6 m 228.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 679.6 m 266.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 679.6 m 270.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 679.6 m 308.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 679.6 m 312.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 679.6 m 354.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 679.6 m 358.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 679.6 m 395.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 679.6 m 399.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 679.6 m 446.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 679.6 m 450.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 679.6 m 488.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 679.6 m 492.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 679.6 m 530.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 666.6 m 266.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 666.6 m 270.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 666.6 m 308.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 627.6 m 224.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 627.6 m 266.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 627.6 m 308.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 627.6 m 354.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 627.6 m 395.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 627.6 m 446.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 627.6 m 488.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 627.6 m 530.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 627.6 m 224.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 627.6 m 266.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 627.6 m 308.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 627.6 m 354.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 627.6 m 395.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 627.6 m 446.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 627.6 m 488.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 627.6 m 530.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 472.6 m 224.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 455.6 m 224.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 453.6 m 224.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 472.6 m 266.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 455.6 m 266.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 453.6 m 266.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 472.6 m 308.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 455.6 m 308.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 453.6 m 308.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 472.6 m 354.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 455.6 m 354.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 453.6 m 354.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 472.6 m 395.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 455.6 m 395.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 453.6 m 395.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 472.6 m 446.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 455.6 m 446.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 453.6 m 446.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 472.6 m 488.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 455.6 m 488.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 453.6 m 488.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 472.6 m 530.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 455.6 m 530.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 453.6 m 530.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 415.6 m 224.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 415.6 m 266.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 415.6 m 308.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 415.6 m 354.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 415.6 m 395.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 415.6 m 446.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 415.6 m 488.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 415.6 m 530.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 415.6 m 224.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 397.6 m 224.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 395.6 m 224.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 415.6 m 266.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 397.6 m 266.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 395.6 m 266.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 415.6 m 308.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 397.6 m 308.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 395.6 m 308.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 415.6 m 354.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 397.6 m 354.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 395.6 m 354.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 415.6 m 395.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 397.6 m 395.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 395.6 m 395.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 415.6 m 446.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 397.6 m 446.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 395.6 m 446.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 415.6 m 488.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 397.6 m 488.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 395.6 m 488.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 415.6 m 530.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 397.6 m 530.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 395.6 m 530.5 395.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.45 683.83 Td (Year ended September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.10 647.83 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.65 639.83 Td (Beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.30 631.83 Td (of Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.45 670.83 Td (Total Gains \(Losses\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.70 631.83 Td (Purchases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.80 631.83 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.70 631.83 Td (Settlements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.00 671.68 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.30 663.68 Td (transfer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.85 655.68 Td (In \(Out\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.65 647.68 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.65 639.68 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 631.68 Td (\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.40 647.83 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.20 639.83 Td (at End of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.65 631.83 Td (Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.85 647.83 Td (Included) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.65 639.83 Td (in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.40 631.83 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.85 647.83 Td (Included) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.65 639.83 Td (in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.55 631.83 Td (AOCI) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 618.83 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 606.55 Td (Fixed maturity securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 598.55 Td (available-for-sale:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 587.55 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.00 587.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 587.55 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 587.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.60 587.55 Td (\(12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 587.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.00 587.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 587.55 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 587.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 587.55 Td (141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 587.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 587.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 587.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.60 587.55 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 587.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 587.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 587.55 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.00 587.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 587.55 Td (172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 576.55 Td (Commercial mortgage-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 568.60 Td (backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.25 570.85 Td (144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 570.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 570.85 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 570.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 570.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.60 570.85 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 570.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.60 570.85 Td (\(66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.30 570.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 570.85 Td (79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 558.55 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.25 558.55 Td (964) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 558.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 558.55 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 558.55 Td (154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 558.55 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 558.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.60 558.55 Td (\(26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 558.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 558.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 558.55 Td (1,121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 547.55 Td (Hybrids) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 547.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 547.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 547.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 547.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 547.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 547.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 547.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 547.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 536.55 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 536.55 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 536.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 536.55 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 536.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 536.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 536.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 536.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 536.55 Td (41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 525.55 Td (Equity securities available-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 517.60 Td (for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 520.85 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 520.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.60 520.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.30 520.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 520.85 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 520.85 Td (\(6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 520.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 520.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 520.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 520.85 Td (44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 507.85 Td (Other invested assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 495.55 Td (Available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 487.60 Td (embedded derivative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 489.85 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 489.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 489.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 489.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 489.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 489.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 489.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 489.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 476.85 Td (Loan participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.25 476.85 Td (119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.60 476.85 Td (\(21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 476.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 476.85 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 476.85 Td (54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 476.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.60 476.85 Td (\(140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 476.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 476.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 476.85 Td (21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 464.68 Td (Total assets at Level) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 456.73 Td (3 fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 458.85 Td (1,348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.60 458.85 Td (\(30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 458.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 458.85 Td (49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 458.85 Td (366) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 458.85 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 458.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.60 458.85 Td (\(172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 458.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.60 458.85 Td (\(61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.30 458.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 458.85 Td (1,491) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 445.83 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 433.55 Td (FIA embedded derivatives,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 425.55 Td (included in contractholder) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 417.60 Td (funds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.00 419.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 419.85 Td (2,149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 419.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 419.85 Td (234) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.00 419.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 419.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 419.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 419.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 419.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 419.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 419.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 419.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 419.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 419.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.00 419.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 419.85 Td (2,383) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 407.68 Td (Total liabilities at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 399.68 Td (Level 3 fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.00 400.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 400.85 Td (2,149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 400.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 400.85 Td (234) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.00 400.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 400.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 400.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 400.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 400.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 400.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 400.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 400.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 400.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 400.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.00 400.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 400.85 Td (2,383) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 384.50 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 100.73 384.50 Td (The ) Tj ET Q q 0 0 0 rg BT 115.17 384.50 Td (net ) Tj ET Q q 0 0 0 rg BT 126.95 384.50 Td (transfers ) Tj ET Q q 0 0 0 rg BT 156.49 384.50 Td (out ) Tj ET Q q 0 0 0 rg BT 168.71 384.50 Td (of ) Tj ET Q q 0 0 0 rg BT 177.38 384.50 Td (Level ) Tj ET Q q 0 0 0 rg BT 197.59 384.50 Td (3 ) Tj ET Q q 0 0 0 rg BT 203.59 384.50 Td (during ) Tj ET Q q 0 0 0 rg BT 226.47 384.50 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.25 384.50 Td (year ) Tj ET Q q 0 0 0 rg BT 254.01 384.50 Td (ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.11 384.50 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.11 384.50 Td (September30, ) Tj ET Q q 0 0 0 rg BT 323.32 384.50 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.32 384.50 Td ( ) Tj ET Q q 0 0 0 rg BT 341.32 384.50 Td (were ) Tj ET Q q 0 0 0 rg BT 358.87 384.50 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 397.30 384.50 Td (to ) Tj ET Q q 0 0 0 rg BT 405.52 384.50 Td (Level ) Tj ET Q q 0 0 0 rg BT 425.73 384.50 Td (2. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 305.00 102.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 305.00 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 305.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 305.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 305.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 305.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 305.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 305.00 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 305.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 305.00 37.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 305.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 305.00 47.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 305.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 305.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 305.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 305.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 275.00 102.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 275.00 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 275.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 275.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 275.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 275.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 275.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 275.00 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 275.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 275.00 37.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 275.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 275.00 47.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 275.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 275.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 275.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 275.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 246.00 102.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 246.00 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 246.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 246.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 246.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 246.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 246.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 246.00 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 246.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 246.00 37.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 246.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 246.00 47.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 246.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 246.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 246.00 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 246.00 38.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 224.00 102.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 224.00 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 224.00 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 224.00 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 224.00 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 224.00 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 224.00 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 224.00 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 224.00 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 224.00 37.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 224.00 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 224.00 47.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 224.00 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 224.00 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 224.00 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 224.00 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 192.00 102.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 192.00 42.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 192.00 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 192.00 38.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 192.00 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 192.00 38.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 192.00 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 192.00 42.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 192.00 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 192.00 37.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 192.00 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 192.00 47.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 192.00 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 192.00 38.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 192.00 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 192.00 38.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 153.00 102.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 153.00 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 153.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 153.00 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 153.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 153.00 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 153.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 153.00 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 153.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 153.00 37.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 153.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 153.00 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 153.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 153.00 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 153.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 153.00 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 119.00 102.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 119.00 42.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 119.00 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 119.00 38.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 119.00 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 119.00 38.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 119.00 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 119.00 42.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 119.00 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 119.00 37.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 119.00 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 119.00 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 119.00 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 119.00 38.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 119.00 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 119.00 38.00 -29.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 358 m 224.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 358 m 228.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 358 m 266.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 358 m 270.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 358 m 308.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 358 m 312.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 358 m 354.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 358 m 358.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 358 m 395.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 358 m 399.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 358 m 446.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 358 m 450.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 358 m 488.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 358 m 492.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 358 m 530.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 347 m 266.5 347 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 347 m 270.5 347 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 347 m 308.5 347 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 358 m 395.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 358 m 446.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 305 m 224.5 305 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 305 m 266.5 305 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 305 m 308.5 305 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 305 m 354.5 305 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 305 m 488.5 305 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 305 m 530.5 305 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 305 m 395.5 305 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 305 m 446.5 305 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 153 m 224.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 153 m 266.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 153 m 308.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 153 m 354.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 153 m 395.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 153 m 446.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 153 m 488.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 153 m 530.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 153 m 224.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 133 m 224.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 131 m 224.5 131 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 153 m 266.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 133 m 266.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 131 m 266.5 131 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 153 m 308.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 133 m 308.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 131 m 308.5 131 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 153 m 354.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 133 m 354.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 131 m 354.5 131 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 153 m 395.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 133 m 395.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 131 m 395.5 131 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 153 m 446.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 133 m 446.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 131 m 446.5 131 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 153 m 488.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 133 m 488.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 131 m 488.5 131 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 153 m 530.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 133 m 530.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 131 m 530.5 131 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 90 m 224.5 90 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 70 m 224.5 70 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 68 m 224.5 68 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 90 m 266.5 90 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 70 m 266.5 70 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 68 m 266.5 68 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 90 m 308.5 90 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 70 m 308.5 70 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 68 m 308.5 68 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 90 m 354.5 90 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 70 m 354.5 70 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 68 m 354.5 68 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 90 m 395.5 90 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 70 m 395.5 70 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 68 m 395.5 68 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 90 m 446.5 90 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 70 m 446.5 70 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 68 m 446.5 68 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 90 m 488.5 90 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 70 m 488.5 70 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 68 m 488.5 68 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 90 m 530.5 90 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 70 m 530.5 70 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 68 m 530.5 68 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.45 362.23 Td (Year ended September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.10 325.23 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.65 317.23 Td (Beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.30 309.23 Td (of Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.45 350.08 Td (Total Gains \(Losses\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.70 309.23 Td (Purchases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.80 309.23 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.70 309.23 Td (Settlements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.00 349.23 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.30 341.23 Td (transfer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.85 333.23 Td (In \(Out\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.65 325.23 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.65 317.23 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 309.23 Td (\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.40 325.23 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.20 317.23 Td (at End of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.65 309.23 Td (Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.85 325.23 Td (Included) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.65 317.23 Td (in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.40 309.23 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.85 325.23 Td (Included) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.65 317.23 Td (in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.55 309.23 Td (AOCI) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 297.08 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 285.95 Td (Fixed maturity securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 277.95 Td (available-for-sale:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 266.95 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.00 266.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 266.95 Td (74) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 266.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.60 266.95 Td (\(37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 266.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.00 266.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 266.95 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 266.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 266.95 Td (73) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 266.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.60 266.95 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 266.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 266.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.60 266.95 Td (\(31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 266.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 266.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.60 266.95 Td (\(29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.30 266.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.00 266.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 266.95 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 255.95 Td (Commercial mortgage-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 248.00 Td (backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 250.25 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 250.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.60 250.25 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.30 250.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 250.25 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 250.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 250.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 250.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 250.25 Td (144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 237.95 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.25 237.95 Td (834) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 237.95 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 237.95 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 237.95 Td (202) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 237.95 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 237.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.60 237.95 Td (\(61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 237.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.60 237.95 Td (\(24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.30 237.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 237.95 Td (964) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 226.95 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 226.95 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 226.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 226.95 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 226.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 226.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 226.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 226.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 226.95 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 215.95 Td (Equity securities available-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 207.95 Td (for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 209.25 Td (40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.60 209.25 Td (\(30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 209.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.60 209.25 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.30 209.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 209.25 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 209.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 209.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 209.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 209.25 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 196.25 Td (Other invested assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 183.95 Td (Available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 176.00 Td (embedded derivative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 178.25 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.60 178.25 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 178.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 178.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 178.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 178.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 178.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 178.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 178.25 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 157.25 Td (Loan participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.25 157.25 Td (213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.60 157.25 Td (\(39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 157.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.60 157.25 Td (\(5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.30 157.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 157.25 Td (88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 157.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.60 157.25 Td (\(138) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 157.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 157.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 157.25 Td (119) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 144.23 Td (Total assets at Level) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 136.23 Td (3 fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.00 136.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 136.25 Td (1,292) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 136.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.60 136.25 Td (\(103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 136.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.00 136.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 136.25 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 136.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 136.25 Td (451) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 136.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.60 136.25 Td (\(16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.30 136.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 136.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.60 136.25 Td (\(230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.30 136.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 136.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.60 136.25 Td (\(53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.30 136.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.00 136.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 136.25 Td (1,348) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 123.23 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 110.25 Td (FIA embedded derivatives,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 102.25 Td (included in contractholder) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 94.25 Td (funds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.00 94.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 94.25 Td (1,908) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 94.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 94.25 Td (241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.00 94.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 94.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 94.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 94.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 94.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 94.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 94.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 94.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 94.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 94.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.00 94.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 94.25 Td (2,149) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 81.23 Td (Total liabilities at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 73.23 Td (Level 3 fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.00 73.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 73.25 Td (1,908) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 73.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 73.25 Td (241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.00 73.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.30 73.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 73.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 73.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 73.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 73.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 73.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.30 73.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 73.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 73.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.00 73.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 73.25 Td (2,149) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 57.50 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 57.50 Td (The ) Tj ET Q q 0 0 0 rg BT 117.94 57.50 Td (net ) Tj ET Q q 0 0 0 rg BT 129.71 57.50 Td (transfers ) Tj ET Q q 0 0 0 rg BT 159.25 57.50 Td (out ) Tj ET Q q 0 0 0 rg BT 171.48 57.50 Td (of ) Tj ET Q q 0 0 0 rg BT 180.14 57.50 Td (Level ) Tj ET Q q 0 0 0 rg BT 200.35 57.50 Td (3 ) Tj ET Q q 0 0 0 rg BT 206.35 57.50 Td (during ) Tj ET Q q 0 0 0 rg BT 229.24 57.50 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.01 57.50 Td (year ) Tj ET Q q 0 0 0 rg BT 256.78 57.50 Td (ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.88 57.50 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.88 57.50 Td (September30, ) Tj ET Q q 0 0 0 rg BT 326.09 57.50 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.09 57.50 Td ( ) Tj ET Q q 0 0 0 rg BT 344.09 57.50 Td (were ) Tj ET Q q 0 0 0 rg BT 361.63 57.50 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 400.07 57.50 Td (to ) Tj ET Q q 0 0 0 rg BT 408.29 57.50 Td (Level ) Tj ET Q q 0 0 0 rg BT 428.50 57.50 Td (2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 57.50 Td ( ) Tj ET Q endstream endobj 297 0 obj <>] /Rotate 0 /Contents 298 0 R>> endobj 298 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-47) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 691.50 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 691.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 691.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 691.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 691.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 691.50 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 691.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 691.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 691.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 691.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 657.50 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 657.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 657.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 657.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 657.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 657.50 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 657.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 657.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 657.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 657.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 623.50 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 623.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 623.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 623.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 623.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 623.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 623.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 623.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 623.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 623.50 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 623.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 623.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 623.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 623.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 623.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 623.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 597.50 105.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 597.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 597.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 597.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 597.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 597.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 597.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 597.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 597.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 597.50 34.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 597.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 597.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 597.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 597.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 597.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 597.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 563.50 105.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 563.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 563.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 563.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 563.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 563.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 563.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 563.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 563.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 563.50 34.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 563.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 563.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 563.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 563.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 563.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 563.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 529.50 105.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 529.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 529.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 529.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 529.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 529.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 529.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 529.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 529.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 529.50 34.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 529.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 529.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 529.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 529.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 529.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 529.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 495.50 105.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 495.50 42.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 495.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 495.50 38.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 495.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 495.50 38.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 495.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 495.50 42.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 495.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 495.50 34.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 495.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 495.50 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 495.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 495.50 38.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 495.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 495.50 38.00 -29.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 733.5 m 228.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 733.5 m 232.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 733.5 m 270.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 733.5 m 274.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 733.5 m 312.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 733.5 m 316.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 733.5 m 358.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 733.5 m 362.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 733.5 m 396.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 733.5 m 400.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 733.5 m 447.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 733.5 m 451.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 733.5 m 489.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 733.5 m 493.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 733.5 m 531.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 720.5 m 270.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 720.5 m 274.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 720.5 m 312.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 733.5 m 396.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 733.5 m 447.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 691.5 m 228.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 691.5 m 270.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 691.5 m 312.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 691.5 m 358.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 691.5 m 396.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 691.5 m 447.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 691.5 m 489.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 691.5 m 531.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 529.5 m 228.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 529.5 m 270.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 529.5 m 312.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 529.5 m 358.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 529.5 m 396.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 529.5 m 447.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 529.5 m 489.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 529.5 m 531.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 529.5 m 228.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 509.5 m 228.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 507.5 m 228.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 529.5 m 270.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 509.5 m 270.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 507.5 m 270.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 529.5 m 312.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 509.5 m 312.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 507.5 m 312.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 529.5 m 358.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 509.5 m 358.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 507.5 m 358.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 529.5 m 396.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 509.5 m 396.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 507.5 m 396.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 529.5 m 447.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 509.5 m 447.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 507.5 m 447.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 529.5 m 489.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 509.5 m 489.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 507.5 m 489.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 529.5 m 531.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 509.5 m 531.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 507.5 m 531.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 466.5 m 228.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 447.5 m 228.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 445.5 m 228.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 466.5 m 270.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 447.5 m 270.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 445.5 m 270.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 466.5 m 312.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 447.5 m 312.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 445.5 m 312.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 466.5 m 358.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 447.5 m 358.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 445.5 m 358.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 466.5 m 396.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 447.5 m 396.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 445.5 m 396.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 466.5 m 447.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 447.5 m 447.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 445.5 m 447.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 466.5 m 489.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 447.5 m 489.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 445.5 m 489.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 466.5 m 531.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 447.5 m 531.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 445.5 m 531.5 445.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.95 737.73 Td (Year ended September 30, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.10 711.73 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.65 703.73 Td (Beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.30 695.73 Td (of Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.45 724.73 Td (Total Gains \(Losses\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.70 695.73 Td (Purchases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.30 695.73 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.70 695.73 Td (Settlements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.00 725.58 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.30 717.58 Td (transfer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.85 709.58 Td (In \(Out\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.30 701.58 Td (of Level) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.30 693.63 Td (3 \(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.40 711.73 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.20 703.73 Td (at End of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.65 695.73 Td (Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.85 711.73 Td (Included) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.65 703.73 Td (in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.40 695.73 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.85 711.73 Td (Included) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.65 703.73 Td (in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.55 695.73 Td (AOCI) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 682.73 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 669.75 Td (Fixed maturity securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 661.75 Td (available-for-sale:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 648.75 Td (Asset-backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.00 648.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.25 648.75 Td (246) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.00 648.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 648.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.00 648.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.60 648.75 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.30 648.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 648.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 648.75 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.00 648.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 648.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 648.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.30 648.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 648.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.60 648.75 Td (\(207) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 648.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.00 648.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 648.75 Td (74) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 635.75 Td (Commercial mortgage-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 627.75 Td (backed securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 627.75 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 627.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 627.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 627.75 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 627.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.30 627.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.60 627.75 Td (\(6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 627.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 627.75 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 614.75 Td (Corporates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.25 614.75 Td (461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 614.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 614.75 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.25 614.75 Td (382) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.60 614.75 Td (\(12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 614.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.60 614.75 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 614.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.60 614.75 Td (\(14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 614.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 614.75 Td (834) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 601.75 Td (Municipals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 217.30 601.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 601.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.30 601.75 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 601.75 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 601.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.30 601.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 601.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 601.75 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 588.75 Td (Equity securities available-for-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 580.75 Td (sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 217.30 580.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 580.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.30 580.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 580.75 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 580.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.30 580.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 580.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 580.75 Td (40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 567.75 Td (Other invested assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 554.75 Td (Available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 546.75 Td (embedded derivative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 217.30 546.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 546.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 546.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 546.75 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 546.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.30 546.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 546.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 546.75 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 533.75 Td (Loan participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.25 533.75 Td (157) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 533.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.60 533.75 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.30 533.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.25 533.75 Td (187) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 533.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.60 533.75 Td (\(130) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 533.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 533.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 533.75 Td (213) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.00 520.73 Td (Total assets at Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.00 512.73 Td (fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.25 512.75 Td (870) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 512.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 512.75 Td (20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.25 512.75 Td (773) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.60 512.75 Td (\(12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 512.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.60 512.75 Td (\(132) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 512.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.60 512.75 Td (\(227) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 512.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.00 512.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 512.75 Td (1,292) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 499.73 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 486.75 Td (FIA embedded derivatives,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 478.75 Td (included in contractholder) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 470.75 Td (funds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.00 470.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.25 470.75 Td (1,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.00 470.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 470.75 Td (363) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.00 470.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 470.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 470.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 470.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.00 470.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 470.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 470.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.30 470.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 470.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 470.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.00 470.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 470.75 Td (1,908) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.00 458.58 Td (Total liabilities at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.00 450.58 Td (Level 3 fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.00 450.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.25 450.75 Td (1,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.00 450.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 450.75 Td (363) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.00 450.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 450.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 450.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 450.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.00 450.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 450.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 450.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.30 450.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 450.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 450.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.00 450.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 450.75 Td (1,908) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 431.40 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 431.40 Td (The ) Tj ET Q q 0 0 0 rg BT 117.94 431.40 Td (net ) Tj ET Q q 0 0 0 rg BT 129.71 431.40 Td (transfers ) Tj ET Q q 0 0 0 rg BT 159.25 431.40 Td (out ) Tj ET Q q 0 0 0 rg BT 171.48 431.40 Td (of ) Tj ET Q q 0 0 0 rg BT 180.14 431.40 Td (Level ) Tj ET Q q 0 0 0 rg BT 200.35 431.40 Td (3 ) Tj ET Q q 0 0 0 rg BT 206.35 431.40 Td (during ) Tj ET Q q 0 0 0 rg BT 229.24 431.40 Td (the ) Tj ET Q q 0 0 0 rg BT 241.01 431.40 Td (year ) Tj ET Q q 0 0 0 rg BT 256.78 431.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 277.88 431.40 Td (September ) Tj ET Q q 0 0 0 rg BT 314.09 431.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 326.09 431.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 344.09 431.40 Td (were ) Tj ET Q q 0 0 0 rg BT 361.63 431.40 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 400.07 431.40 Td (to ) Tj ET Q q 0 0 0 rg BT 408.29 431.40 Td (Level ) Tj ET Q q 0 0 0 rg BT 428.50 431.40 Td (2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 412.40 Td (The following tables provide the carrying value and estimated fair value of our financial instruments that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 400.40 Td (are carried on the Consolidated Balance Sheet at amounts other than fair value, summarized according to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 388.40 Td (fair value hierarchy previously described.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 337.90 164.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 337.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 337.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 337.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 337.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 337.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 337.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 337.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 337.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 337.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 311.90 164.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 311.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 311.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 311.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 311.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 311.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 311.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 311.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 311.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 311.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 280.90 164.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 280.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 280.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 280.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 280.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 280.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 280.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 280.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 280.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 280.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 254.90 164.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 254.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 254.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 254.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 254.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 254.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 254.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 254.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 254.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 254.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 228.90 164.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 228.90 50.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 228.90 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 228.90 50.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 228.90 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 228.90 50.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 228.90 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 228.90 60.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 228.90 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 228.90 60.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 196.90 164.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 196.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 196.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 196.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 196.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 196.90 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 196.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 196.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 196.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 196.90 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 364.9 m 294.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 364.9 m 298.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 364.9 m 348.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 364.9 m 352.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 364.9 m 402.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 364.9 m 406.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 364.9 m 466.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 364.9 m 470.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 364.9 m 530.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 337.9 m 294.5 337.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 337.9 m 348.5 337.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 337.9 m 402.5 337.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 337.9 m 466.5 337.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 337.9 m 530.5 337.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 267.9 m 294.5 267.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 255.89999999999998 m 294.5 255.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 253.89999999999998 m 294.5 253.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 267.9 m 348.5 267.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 255.89999999999998 m 348.5 255.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 253.89999999999998 m 348.5 253.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 267.9 m 402.5 267.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 255.89999999999998 m 402.5 255.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 253.89999999999998 m 402.5 253.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 267.9 m 466.5 267.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 255.89999999999998 m 466.5 255.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 253.89999999999998 m 466.5 253.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 267.9 m 530.5 267.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 255.89999999999998 m 530.5 255.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 253.89999999999998 m 530.5 253.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 196.89999999999998 m 294.5 196.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 184.89999999999998 m 294.5 184.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 182.89999999999998 m 294.5 182.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 196.89999999999998 m 348.5 196.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 184.89999999999998 m 348.5 184.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 182.89999999999998 m 348.5 182.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 196.89999999999998 m 402.5 196.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 184.89999999999998 m 402.5 184.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 182.89999999999998 m 402.5 182.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 196.89999999999998 m 466.5 196.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 184.89999999999998 m 466.5 184.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 182.89999999999998 m 466.5 182.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 196.89999999999998 m 530.5 196.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 184.89999999999998 m 530.5 184.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 182.89999999999998 m 530.5 182.89999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.60 369.13 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.65 342.13 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.65 342.13 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.65 342.13 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.25 356.98 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.40 348.98 Td (Estimated Fair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.35 340.98 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.20 350.13 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.95 342.13 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 329.13 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 316.15 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 316.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 316.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 316.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.30 316.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.00 316.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 316.15 Td (614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 316.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 316.15 Td (614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 316.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 316.15 Td (595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 303.15 Td (Policy loans, included in other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 303.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.30 303.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 303.15 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 303.15 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 303.15 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 290.85 Td (Limited partnership investment, included in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 282.90 Td (other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 285.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.30 285.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 285.15 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 285.15 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 285.15 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 272.15 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 272.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.30 272.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 272.15 Td (71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 272.15 Td (71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 272.15 Td (71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.00 259.13 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 259.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 259.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 259.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.30 259.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.00 259.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 259.15 Td (710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 259.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 259.15 Td (710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 259.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 259.15 Td (692) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 233.13 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 220.85 Td (Investment contracts, included in contractholder) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 212.85 Td (funds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 214.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 214.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 214.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.30 214.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.00 214.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.25 214.15 Td (14,884) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 214.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 214.15 Td (14,884) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 214.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.30 214.15 Td (16,868) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 201.15 Td (Debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 201.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.30 201.15 Td (300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 201.15 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 201.15 Td (400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 201.15 Td (400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.00 188.13 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 188.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.30 188.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.00 188.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.30 188.15 Td (300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.00 188.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.25 188.15 Td (14,984) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 188.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 188.15 Td (15,284) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 188.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.30 188.15 Td (17,268) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 299 0 obj <>] /Rotate 0 /Contents 300 0 R>> endobj 300 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-48) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 708.50 187.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 708.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 708.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 708.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 708.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 708.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 708.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 708.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 708.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 708.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 682.50 187.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 682.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 682.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 682.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 682.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 682.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 682.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 682.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 682.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 682.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 648.50 187.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 648.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 648.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 648.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 648.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 648.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 648.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 648.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 648.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 648.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 622.50 187.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 622.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 622.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 622.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 622.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 622.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 622.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 622.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 622.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 622.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 596.50 187.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 596.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 596.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 596.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 596.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 596.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 596.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 596.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 596.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 596.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 570.50 187.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 570.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 570.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 570.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 570.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 570.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 570.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 570.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 570.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 570.50 52.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 735.5 m 312.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 735.5 m 316.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 735.5 m 361.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 735.5 m 365.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 735.5 m 410.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 735.5 m 414.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 735.5 m 474.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 735.5 m 478.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 735.5 m 530.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 708.5 m 312.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 708.5 m 361.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 708.5 m 410.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 708.5 m 474.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 708.5 m 530.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 635.5 m 312.5 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 623.5 m 312.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 621.5 m 312.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 635.5 m 361.5 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 623.5 m 361.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 621.5 m 361.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 635.5 m 410.5 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 623.5 m 410.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 621.5 m 410.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 635.5 m 474.5 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 623.5 m 474.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 621.5 m 474.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 635.5 m 530.5 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 623.5 m 530.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 621.5 m 530.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 570.5 m 312.5 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 558.5 m 312.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 556.5 m 312.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 570.5 m 361.5 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 558.5 m 361.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 556.5 m 361.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 570.5 m 410.5 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 558.5 m 410.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 556.5 m 410.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 570.5 m 474.5 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 558.5 m 474.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 556.5 m 474.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 570.5 m 530.5 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 558.5 m 530.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 556.5 m 530.5 556.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.10 739.73 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.15 712.73 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.15 712.73 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.15 712.73 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.25 727.58 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.40 719.58 Td (Estimated Fair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.35 711.58 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 720.73 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.95 712.73 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 699.73 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 686.75 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.00 686.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 686.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 686.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.30 686.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 686.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 686.75 Td (490) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.00 686.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 686.75 Td (490) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 686.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 686.75 Td (491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 673.75 Td (Policy loans, included in other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 673.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.30 673.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 673.75 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 673.75 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 673.75 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 660.75 Td (Limited partnership investment, included in other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 652.75 Td (invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 652.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.30 652.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 652.75 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 652.75 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 652.75 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 639.75 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 639.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.30 639.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 639.75 Td (78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 639.75 Td (78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 639.75 Td (78) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.00 626.73 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.00 626.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 626.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 626.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.30 626.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 626.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 626.75 Td (581) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.00 626.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 626.75 Td (581) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 626.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 626.75 Td (584) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 600.73 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 587.75 Td (Investment contracts, included in contractholder funds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.00 587.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 587.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 587.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.30 587.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 587.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.25 587.75 Td (14,126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.00 587.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.30 587.75 Td (14,126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 587.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 587.75 Td (15,621) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 574.75 Td (Debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 574.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.30 574.75 Td (312) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 574.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 574.75 Td (312) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 574.75 Td (300) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.00 561.73 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.00 561.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.30 561.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 561.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.30 561.75 Td (312) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 561.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.25 561.75 Td (14,126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.00 561.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.30 561.75 Td (14,438) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 561.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.25 561.75 Td (15,921) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 534.00 Td (The ) Tj ET Q q 0 0 0 rg BT 123.84 534.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 167.53 534.00 Td (reviews ) Tj ET Q q 0 0 0 rg BT 203.42 534.00 Td (the ) Tj ET Q q 0 0 0 rg BT 220.44 534.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 239.11 534.00 Td (value ) Tj ET Q q 0 0 0 rg BT 265.57 534.00 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 308.12 534.00 Td (classifications ) Tj ET Q q 0 0 0 rg BT 369.56 534.00 Td (each ) Tj ET Q q 0 0 0 rg BT 392.68 534.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 434.13 534.00 Td (period. ) Tj ET Q q 0 0 0 rg BT 466.97 534.00 Td (Changes ) Tj ET Q q 0 0 0 rg BT 506.21 534.00 Td (in ) Tj ET Q q 0 0 0 rg BT 518.79 534.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 522.00 Td (observability ) Tj ET Q q 0 0 0 rg BT 135.01 522.00 Td (of ) Tj ET Q q 0 0 0 rg BT 145.14 522.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.15 522.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 198.16 522.00 Td (attributes ) Tj ET Q q 0 0 0 rg BT 237.17 522.00 Td (may ) Tj ET Q q 0 0 0 rg BT 256.18 522.00 Td (result ) Tj ET Q q 0 0 0 rg BT 280.19 522.00 Td (in ) Tj ET Q q 0 0 0 rg BT 289.77 522.00 Td (a ) Tj ET Q q 0 0 0 rg BT 296.00 522.00 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 358.33 522.00 Td (of ) Tj ET Q q 0 0 0 rg BT 368.46 522.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 397.46 522.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 434.23 522.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 459.36 522.00 Td (or ) Tj ET Q q 0 0 0 rg BT 469.49 522.00 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 511.00 522.00 Td (Such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 510.00 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 147.54 510.00 Td (are ) Tj ET Q q 0 0 0 rg BT 161.87 510.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 197.31 510.00 Td (as ) Tj ET Q q 0 0 0 rg BT 207.77 510.00 Td (transfers ) Tj ET Q q 0 0 0 rg BT 244.32 510.00 Td (in ) Tj ET Q q 0 0 0 rg BT 254.22 510.00 Td (and ) Tj ET Q q 0 0 0 rg BT 270.79 510.00 Td (out ) Tj ET Q q 0 0 0 rg BT 285.69 510.00 Td (of ) Tj ET Q q 0 0 0 rg BT 296.14 510.00 Td (Level3, ) Tj ET Q q 0 0 0 rg BT 331.03 510.00 Td (or ) Tj ET Q q 0 0 0 rg BT 341.48 510.00 Td (between ) Tj ET Q q 0 0 0 rg BT 376.92 510.00 Td (other ) Tj ET Q q 0 0 0 rg BT 399.59 510.00 Td (levels, ) Tj ET Q q 0 0 0 rg BT 427.54 510.00 Td (at ) Tj ET Q q 0 0 0 rg BT 436.88 510.00 Td (the ) Tj ET Q q 0 0 0 rg BT 451.22 510.00 Td (beginning ) Tj ET Q q 0 0 0 rg BT 493.34 510.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.34 510.00 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 498.00 Td (for ) Tj ET Q q 0 0 0 rg BT 94.97 498.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.51 498.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 148.48 498.00 Td (period ) Tj ET Q q 0 0 0 rg BT 176.34 498.00 Td (in ) Tj ET Q q 0 0 0 rg BT 186.43 498.00 Td (which ) Tj ET Q q 0 0 0 rg BT 213.18 498.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.71 498.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 262.24 498.00 Td (occur) Tj ET Q q 0 0 0 rg BT 283.89 498.00 Td (. ) Tj ET Q q 0 0 0 rg BT 288.71 498.00 Td ( ) Tj ET Q q 0 0 0 rg BT 290.85 498.00 Td (There ) Tj ET Q q 0 0 0 rg BT 316.48 498.00 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.23 498.00 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.23 498.00 Td ( ) Tj ET Q q 0 0 0 rg BT 350.54 498.00 Td (transfers ) Tj ET Q q 0 0 0 rg BT 387.28 498.00 Td (between ) Tj ET Q q 0 0 0 rg BT 422.91 498.00 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 455.49 498.00 Td (and ) Tj ET Q q 0 0 0 rg BT 472.24 498.00 Td (Level2 ) Tj ET Q q 0 0 0 rg BT 504.82 498.00 Td (for ) Tj ET Q q 0 0 0 rg BT 518.80 498.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 486.00 Td (year ) Tj ET Q q 0 0 0 rg BT 102.23 486.00 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.11 486.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.13 486.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 191.92 486.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.92 486.00 Td (. ) Tj ET Q q 0 0 0 rg BT 218.44 486.00 Td ( ) Tj ET Q q 0 0 0 rg BT 222.17 486.00 Td (There ) Tj ET Q q 0 0 0 rg BT 249.51 486.00 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.96 486.00 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.96 486.00 Td ( ) Tj ET Q q 0 0 0 rg BT 286.98 486.00 Td (transfers ) Tj ET Q q 0 0 0 rg BT 325.44 486.00 Td (between ) Tj ET Q q 0 0 0 rg BT 362.77 486.00 Td (Level ) Tj ET Q q 0 0 0 rg BT 389.56 486.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 398.58 486.00 Td (into ) Tj ET Q q 0 0 0 rg BT 418.16 486.00 Td (Level ) Tj ET Q q 0 0 0 rg BT 444.95 486.00 Td (2 ) Tj ET Q q 0 0 0 rg BT 453.97 486.00 Td (for ) Tj ET Q q 0 0 0 rg BT 469.66 486.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.90 486.00 Td (year ) Tj ET Q q 0 0 0 rg BT 507.13 486.00 Td (ended) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 474.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 140.80 474.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.80 474.00 Td (. ) Tj ET Q q 0 0 0 rg BT 165.20 474.00 Td (There ) Tj ET Q q 0 0 0 rg BT 190.55 474.00 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.02 474.00 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.02 474.00 Td ( ) Tj ET Q q 0 0 0 rg BT 224.06 474.00 Td (transfers ) Tj ET Q q 0 0 0 rg BT 260.53 474.00 Td (between ) Tj ET Q q 0 0 0 rg BT 295.88 474.00 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 328.19 474.00 Td (into ) Tj ET Q q 0 0 0 rg BT 345.79 474.00 Td (Level2 ) Tj ET Q q 0 0 0 rg BT 378.09 474.00 Td (for ) Tj ET Q q 0 0 0 rg BT 391.79 474.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.05 474.00 Td (year ) Tj ET Q q 0 0 0 rg BT 425.29 474.00 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.17 474.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.21 474.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 511.01 474.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 462.00 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 121.81 462.00 Td (the ) Tj ET Q q 0 0 0 rg BT 136.53 462.00 Td (level ) Tj ET Q q 0 0 0 rg BT 158.46 462.00 Td (of ) Tj ET Q q 0 0 0 rg BT 169.29 462.00 Td (market ) Tj ET Q q 0 0 0 rg BT 199.55 462.00 Td (activity ) Tj ET Q q 0 0 0 rg BT 232.04 462.00 Td (in ) Tj ET Q q 0 0 0 rg BT 242.32 462.00 Td (these ) Tj ET Q q 0 0 0 rg BT 265.37 462.00 Td (instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 440.40 Td (The ) Tj ET Q q 0 0 0 rg BT 121.76 440.40 Td (transfers ) Tj ET Q q 0 0 0 rg BT 158.90 440.40 Td (into ) Tj ET Q q 0 0 0 rg BT 177.17 440.40 Td (and ) Tj ET Q q 0 0 0 rg BT 194.33 440.40 Td (out ) Tj ET Q q 0 0 0 rg BT 209.82 440.40 Td (of ) Tj ET Q q 0 0 0 rg BT 220.86 440.40 Td (Level ) Tj ET Q q 0 0 0 rg BT 246.34 440.40 Td (3 ) Tj ET Q q 0 0 0 rg BT 254.05 440.40 Td (were ) Tj ET Q q 0 0 0 rg BT 276.20 440.40 Td (related ) Tj ET Q q 0 0 0 rg BT 306.11 440.40 Td (to ) Tj ET Q q 0 0 0 rg BT 316.60 440.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 351.53 440.40 Td (in ) Tj ET Q q 0 0 0 rg BT 362.02 440.40 Td (the ) Tj ET Q q 0 0 0 rg BT 376.95 440.40 Td (primary ) Tj ET Q q 0 0 0 rg BT 411.32 440.40 Td (pricing ) Tj ET Q q 0 0 0 rg BT 442.36 440.40 Td (source ) Tj ET Q q 0 0 0 rg BT 471.17 440.40 Td (and ) Tj ET Q q 0 0 0 rg BT 488.32 440.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.24 440.40 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 428.40 Td (the ) Tj ET Q q 0 0 0 rg BT 94.51 428.40 Td (observability ) Tj ET Q q 0 0 0 rg BT 148.01 428.40 Td (of ) Tj ET Q q 0 0 0 rg BT 157.64 428.40 Td (external ) Tj ET Q q 0 0 0 rg BT 191.13 428.40 Td (information ) Tj ET Q q 0 0 0 rg BT 239.64 428.40 Td (used ) Tj ET Q q 0 0 0 rg BT 259.26 428.40 Td (in ) Tj ET Q q 0 0 0 rg BT 268.33 428.40 Td (determining ) Tj ET Q q 0 0 0 rg BT 317.95 428.40 Td (the ) Tj ET Q q 0 0 0 rg BT 331.46 428.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 346.63 428.40 Td (value. ) Tj ET Q q 0 0 0 rg BT 372.07 428.40 Td ( ) Tj ET Q q 0 0 0 rg BT 373.08 428.40 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 422.42 428.40 Td (, ) Tj ET Q q 0 0 0 rg BT 426.21 428.40 Td (the ) Tj ET Q q 0 0 0 rg BT 439.72 428.40 Td (Company) Tj ET Q q 0 0 0 rg BT 481.38 428.40 Td (s ) Tj ET Q q 0 0 0 rg BT 486.57 428.40 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 416.40 Td (resulted ) Tj ET Q q 0 0 0 rg BT 115.56 416.40 Td (in ) Tj ET Q q 0 0 0 rg BT 126.23 416.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 150.25 416.40 Td (transfers ) Tj ET Q q 0 0 0 rg BT 187.58 416.40 Td (out ) Tj ET Q q 0 0 0 rg BT 203.26 416.40 Td (of ) Tj ET Q q 0 0 0 rg BT 214.49 416.40 Td (level ) Tj ET Q q 0 0 0 rg BT 236.82 416.40 Td (3 ) Tj ET Q q 0 0 0 rg BT 244.72 416.40 Td (with ) Tj ET Q q 0 0 0 rg BT 265.40 416.40 Td (valuation ) Tj ET Q q 0 0 0 rg BT 305.51 416.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.74 416.40 Td ($159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.74 416.40 Td ( ) Tj ET Q q 0 0 0 rg BT 339.64 416.40 Td (related ) Tj ET Q q 0 0 0 rg BT 369.75 416.40 Td (to ) Tj ET Q q 0 0 0 rg BT 380.42 416.40 Td (asset-backed, ) Tj ET Q q 0 0 0 rg BT 436.91 416.40 Td ( ) Tj ET Q q 0 0 0 rg BT 439.81 416.40 Td (commercial ) Tj ET Q q 0 0 0 rg BT 489.91 416.40 Td (mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 404.40 Td (backed, ) Tj ET Q q 0 0 0 rg BT 114.31 404.40 Td (corporate, ) Tj ET Q q 0 0 0 rg BT 157.05 404.40 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 185.65 404.40 Td (and ) Tj ET Q q 0 0 0 rg BT 202.58 404.40 Td (residential ) Tj ET Q q 0 0 0 rg BT 246.73 404.40 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 318.63 404.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 358.88 404.40 Td (during ) Tj ET Q q 0 0 0 rg BT 387.48 404.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.19 404.40 Td (year ) Tj ET Q q 0 0 0 rg BT 421.89 404.40 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.77 404.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.26 404.40 Td (September30, ) Tj ET Q q 0 0 0 rg BT 508.51 404.40 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 404.40 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 392.40 Td (The ) Tj ET Q q 0 0 0 rg BT 99.21 392.40 Td (Company) Tj ET Q q 0 0 0 rg BT 140.88 392.40 Td (s ) Tj ET Q q 0 0 0 rg BT 147.43 392.40 Td (assessment ) Tj ET Q q 0 0 0 rg BT 194.53 392.40 Td (resulted ) Tj ET Q q 0 0 0 rg BT 228.85 392.40 Td (in ) Tj ET Q q 0 0 0 rg BT 239.29 392.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 263.07 392.40 Td (transfers ) Tj ET Q q 0 0 0 rg BT 300.16 392.40 Td (into ) Tj ET Q q 0 0 0 rg BT 318.38 392.40 Td (level ) Tj ET Q q 0 0 0 rg BT 340.48 392.40 Td (3 ) Tj ET Q q 0 0 0 rg BT 348.14 392.40 Td (with ) Tj ET Q q 0 0 0 rg BT 368.59 392.40 Td (valuation ) Tj ET Q q 0 0 0 rg BT 408.46 392.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.45 392.40 Td ($97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.45 392.40 Td ( ) Tj ET Q q 0 0 0 rg BT 437.12 392.40 Td (related ) Tj ET Q q 0 0 0 rg BT 466.98 392.40 Td (to ) Tj ET Q q 0 0 0 rg BT 477.43 392.40 Td (asset-backed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 380.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 121.25 380.40 Td (and ) Tj ET Q q 0 0 0 rg BT 138.18 380.40 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 166.78 380.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 207.03 380.40 Td (during ) Tj ET Q q 0 0 0 rg BT 235.63 380.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.34 380.40 Td (year ) Tj ET Q q 0 0 0 rg BT 270.04 380.40 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.92 380.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.41 380.40 Td (September30, ) Tj ET Q q 0 0 0 rg BT 356.66 380.40 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.66 380.40 Td (. ) Tj ET Q q 0 0 0 rg BT 381.65 380.40 Td (During ) Tj ET Q q 0 0 0 rg BT 412.48 380.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.18 380.40 Td (year ) Tj ET Q q 0 0 0 rg BT 446.88 380.40 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.76 380.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.25 380.40 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 368.40 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 368.40 Td (, ) Tj ET Q q 0 0 0 rg BT 107.42 368.40 Td (there ) Tj ET Q q 0 0 0 rg BT 131.32 368.40 Td (were ) Tj ET Q q 0 0 0 rg BT 154.66 368.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 179.69 368.40 Td (transfers ) Tj ET Q q 0 0 0 rg BT 218.03 368.40 Td (out ) Tj ET Q q 0 0 0 rg BT 234.72 368.40 Td (of ) Tj ET Q q 0 0 0 rg BT 246.97 368.40 Td (Level ) Tj ET Q q 0 0 0 rg BT 273.65 368.40 Td (3 ) Tj ET Q q 0 0 0 rg BT 282.56 368.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.81 368.40 Td ($53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.81 368.40 Td ( ) Tj ET Q q 0 0 0 rg BT 313.72 368.40 Td (related ) Tj ET Q q 0 0 0 rg BT 344.84 368.40 Td (to ) Tj ET Q q 0 0 0 rg BT 356.53 368.40 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 411.53 368.40 Td (and ) Tj ET Q q 0 0 0 rg BT 429.89 368.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 471.56 368.40 Td (securities. ) Tj ET Q q 0 0 0 rg BT 515.45 368.40 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 356.40 Td (Company) Tj ET Q q 0 0 0 rg BT 122.67 356.40 Td (s ) Tj ET Q q 0 0 0 rg BT 129.78 356.40 Td (assessment ) Tj ET Q q 0 0 0 rg BT 177.44 356.40 Td (resulted ) Tj ET Q q 0 0 0 rg BT 212.31 356.40 Td (in ) Tj ET Q q 0 0 0 rg BT 223.31 356.40 Td (a ) Tj ET Q q 0 0 0 rg BT 230.97 356.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 255.30 356.40 Td (transfer ) Tj ET Q q 0 0 0 rg BT 289.06 356.40 Td (out ) Tj ET Q q 0 0 0 rg BT 305.06 356.40 Td (of ) Tj ET Q q 0 0 0 rg BT 316.61 356.40 Td (Level ) Tj ET Q q 0 0 0 rg BT 342.59 356.40 Td (3 ) Tj ET Q q 0 0 0 rg BT 350.81 356.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.36 356.40 Td ($227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.36 356.40 Td ( ) Tj ET Q q 0 0 0 rg BT 385.58 356.40 Td (related ) Tj ET Q q 0 0 0 rg BT 416.00 356.40 Td (to ) Tj ET Q q 0 0 0 rg BT 427.00 356.40 Td (asset-backed, ) Tj ET Q q 0 0 0 rg BT 483.81 356.40 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 344.40 Td (mortgage-backed, ) Tj ET Q q 0 0 0 rg BT 155.41 344.40 Td (and ) Tj ET Q q 0 0 0 rg BT 172.35 344.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 212.60 344.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 252.87 344.40 Td (during ) Tj ET Q q 0 0 0 rg BT 281.47 344.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.19 344.40 Td (year ) Tj ET Q q 0 0 0 rg BT 315.90 344.40 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.77 344.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.27 344.40 Td (September30, ) Tj ET Q q 0 0 0 rg BT 402.54 344.40 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.54 344.40 Td (.) Tj ET Q endstream endobj 301 0 obj <>] /Rotate 0 /Contents 302 0 R>> endobj 302 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (\(7\) Intangible ) Tj ET Q q 0 0 0 rg BT 141.01 735.75 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 716.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 131.26 716.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 171.90 716.75 Td (VOBA) Tj ET Q q 0 0 0 rg BT 199.68 716.75 Td ( ) Tj ET Q q 0 0 0 rg BT 202.18 716.75 Td (and ) Tj ET Q q 0 0 0 rg BT 219.12 716.75 Td (DAC ) Tj ET Q q 0 0 0 rg BT 242.73 716.75 Td (which ) Tj ET Q q 0 0 0 rg BT 269.67 716.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 305.50 716.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 341.30 716.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 363.24 716.75 Td (inducement, ) Tj ET Q q 0 0 0 rg BT 414.89 716.75 Td (is ) Tj ET Q q 0 0 0 rg BT 424.06 716.75 Td (as ) Tj ET Q q 0 0 0 rg BT 434.89 716.75 Td (follows:) Tj ET Q 1 1 1 rg /GS0 gs 80.50 703.25 258.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.50 703.25 4.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 342.50 703.25 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 402.50 703.25 4.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 406.50 703.25 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 466.50 703.25 4.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 470.50 703.25 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 676.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 676.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 676.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 676.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 676.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 676.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 676.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 650.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 650.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 650.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 650.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 650.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 650.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 650.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 624.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 624.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 624.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 624.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 624.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 624.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 624.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 598.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 598.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 598.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 598.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 598.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 598.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 598.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 572.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 572.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 572.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 572.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 572.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 572.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 572.25 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 689.25 m 402.5 689.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 689.25 m 466.5 689.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 689.25 m 530.5 689.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 689.25 m 402.5 689.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 689.25 m 466.5 689.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 689.25 m 530.5 689.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 598.25 m 402.5 598.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 586.25 m 402.5 586.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 584.25 m 402.5 584.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 598.25 m 466.5 598.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 586.25 m 466.5 586.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 584.25 m 466.5 584.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 598.25 m 530.5 598.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 586.25 m 530.5 586.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 584.25 m 530.5 584.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.70 693.48 Td (VOBA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.30 693.48 Td (DAC) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.25 693.48 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 680.48 Td (Balance at September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 680.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 680.50 Td (187) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 680.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 680.50 Td (801) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 680.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 680.50 Td (988) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 667.50 Td (Deferrals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 667.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 667.50 Td (350) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 667.50 Td (350) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 654.50 Td (Adjustments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 641.50 Td (Unlocking) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 641.50 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 641.50 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 641.50 Td (27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 628.50 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 628.50 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 628.50 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 628.50 Td (45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 615.50 Td (Amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.60 615.50 Td (\(41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 615.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.60 615.50 Td (\(85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 615.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 615.50 Td (\(126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 615.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 602.50 Td (Adjustment for unrealized investment gains) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.60 602.50 Td (\(163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 602.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.60 602.50 Td (\(95) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 602.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 602.50 Td (\(258) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 602.50 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 589.48 Td (Balance at September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 589.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 589.50 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 589.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 589.50 Td (1,007) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 589.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 589.50 Td (1,026) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 563.48 Td (Accumulated amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 563.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 563.50 Td (396) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 513.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 513.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 513.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 513.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 513.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 513.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 513.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 487.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 487.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 487.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 487.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 487.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 487.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 487.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 461.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 461.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 461.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 461.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 461.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 461.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 461.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 435.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 435.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 435.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 435.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 435.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 435.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 435.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 409.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 409.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 409.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 409.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 409.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 409.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 409.25 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 526.25 m 402.5 526.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 526.25 m 466.5 526.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 526.25 m 530.5 526.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 526.25 m 402.5 526.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 526.25 m 466.5 526.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 526.25 m 530.5 526.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 435.25 m 402.5 435.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 423.25 m 402.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 421.25 m 402.5 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 435.25 m 466.5 435.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 423.25 m 466.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 421.25 m 466.5 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 435.25 m 530.5 435.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 423.25 m 530.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 421.25 m 530.5 421.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.70 530.48 Td (VOBA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.30 530.48 Td (DAC) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.25 530.48 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 517.48 Td (Balance at September 30, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 517.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 517.50 Td (59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 517.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 517.50 Td (456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 517.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 517.50 Td (515) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 504.48 Td (Deferrals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 504.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 504.50 Td (317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 504.50 Td (317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 491.50 Td (Adjustments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 478.50 Td (Unlocking) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 478.50 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 478.50 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 478.50 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 465.50 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 465.50 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 465.50 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 465.50 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 452.50 Td (Amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.60 452.50 Td (\(68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 452.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.60 452.50 Td (\(53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 452.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 452.50 Td (\(121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 452.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 439.50 Td (Adjustment for unrealized investment losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 439.50 Td (165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 439.50 Td (55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 439.50 Td (220) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 426.48 Td (Balance at September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 426.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 426.50 Td (187) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 426.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 426.50 Td (801) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 426.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 426.50 Td (988) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 400.48 Td (Accumulated amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 400.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 400.50 Td (391) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 355.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 355.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 355.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 355.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 355.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 355.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 355.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 329.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 329.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 329.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 329.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 329.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 329.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 329.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 303.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 303.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 303.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 303.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 303.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 303.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 303.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 277.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 277.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 277.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 277.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 277.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 277.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 277.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 251.25 258.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 251.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 251.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 251.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 251.25 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 251.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 251.25 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 368.25 m 402.5 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 368.25 m 466.5 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 368.25 m 530.5 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 368.25 m 402.5 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 368.25 m 466.5 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 368.25 m 530.5 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 277.25 m 402.5 277.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 265.25 m 402.5 265.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 263.25 m 402.5 263.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 277.25 m 466.5 277.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 265.25 m 466.5 265.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 263.25 m 466.5 263.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 277.25 m 530.5 277.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 265.25 m 530.5 265.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 263.25 m 530.5 263.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.70 372.48 Td (VOBA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.30 372.48 Td (DAC) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.25 372.48 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 359.48 Td (Balance at September 30, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 359.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 359.50 Td (192) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 359.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 359.50 Td (331) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 359.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 359.50 Td (523) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 346.48 Td (Deferrals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 346.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 346.50 Td (238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 346.50 Td (238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 333.50 Td (Adjustments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 320.50 Td (Unlocking) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 320.50 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 320.50 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 320.50 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 307.50 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 307.50 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 307.50 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 307.50 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 294.50 Td (Amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.60 294.50 Td (\(87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 294.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.60 294.50 Td (\(56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 294.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 294.50 Td (\(143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 294.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 281.50 Td (Adjustment for unrealized investment gains) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.60 281.50 Td (\(83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 281.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.60 281.50 Td (\(74) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 281.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 281.50 Td (\(157) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 281.50 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 268.48 Td (Balance at September 30, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 268.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 268.50 Td (59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 268.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 268.50 Td (456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 268.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 268.50 Td (515) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 242.48 Td (Accumulated amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 242.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 242.50 Td (354) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 214.75 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 159.80 214.75 Td (of ) Tj ET Q q 0 0 0 rg BT 170.90 214.75 Td (VOBA) Tj ET Q q 0 0 0 rg BT 198.68 214.75 Td ( ) Tj ET Q q 0 0 0 rg BT 201.67 214.75 Td (and ) Tj ET Q q 0 0 0 rg BT 219.09 214.75 Td (DAC ) Tj ET Q q 0 0 0 rg BT 243.19 214.75 Td (is ) Tj ET Q q 0 0 0 rg BT 252.84 214.75 Td (based ) Tj ET Q q 0 0 0 rg BT 278.59 214.75 Td (on ) Tj ET Q q 0 0 0 rg BT 291.58 214.75 Td (the ) Tj ET Q q 0 0 0 rg BT 306.78 214.75 Td (historical, ) Tj ET Q q 0 0 0 rg BT 349.47 214.75 Td (current ) Tj ET Q q 0 0 0 rg BT 380.77 214.75 Td (and ) Tj ET Q q 0 0 0 rg BT 398.19 214.75 Td (future ) Tj ET Q q 0 0 0 rg BT 425.05 214.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 463.57 214.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 487.66 214.75 Td (mar) Tj ET Q q 0 0 0 rg BT 503.03 214.75 Td (gins ) Tj ET Q q 0 0 0 rg BT 522.68 214.75 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 202.75 Td (profits ) Tj ET Q q 0 0 0 rg BT 108.65 202.75 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 156.55 202.75 Td (including ) Tj ET Q q 0 0 0 rg BT 195.86 202.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 241.28 202.75 Td (gains ) Tj ET Q q 0 0 0 rg BT 263.92 202.75 Td (and ) Tj ET Q q 0 0 0 rg BT 279.90 202.75 Td (losses. ) Tj ET Q q 0 0 0 rg BT 307.72 202.75 Td (The ) Tj ET Q q 0 0 0 rg BT 324.80 202.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 355.78 202.75 Td (accrual ) Tj ET Q q 0 0 0 rg BT 386.18 202.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 402.70 202.75 Td (utilized ) Tj ET Q q 0 0 0 rg BT 434.23 202.75 Td (to ) Tj ET Q q 0 0 0 rg BT 443.54 202.75 Td (calculate ) Tj ET Q q 0 0 0 rg BT 480.61 202.75 Td (the ) Tj ET Q q 0 0 0 rg BT 494.37 202.75 Td (accretion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 190.75 Td (of ) Tj ET Q q 0 0 0 rg BT 91.00 190.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 122.11 190.75 Td (on ) Tj ET Q q 0 0 0 rg BT 133.66 190.75 Td (VOBA) Tj ET Q q 0 0 0 rg BT 161.44 190.75 Td ( ) Tj ET Q q 0 0 0 rg BT 163.11 190.75 Td (ranged ) Tj ET Q q 0 0 0 rg BT 191.99 190.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.10 190.75 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.43 190.75 Td ( ) Tj ET Q q 0 0 0 rg BT 228.10 190.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.55 190.75 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.88 190.75 Td (. ) Tj ET Q q 0 0 0 rg BT 255.05 190.75 Td ( ) Tj ET Q q 0 0 0 rg BT 256.60 190.75 Td (The ) Tj ET Q q 0 0 0 rg BT 273.82 190.75 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 319.37 190.75 Td (for ) Tj ET Q q 0 0 0 rg BT 332.71 190.75 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 376.02 190.75 Td (net ) Tj ET Q q 0 0 0 rg BT 389.91 190.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 435.46 190.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 461.02 190.75 Td (\(gains\) ) Tj ET Q q 0 0 0 rg BT 490.46 190.75 Td (represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 178.75 Td (the ) Tj ET Q q 0 0 0 rg BT 96.54 178.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 129.86 178.75 Td (of ) Tj ET Q q 0 0 0 rg BT 141.27 178.75 Td (VOBA) Tj ET Q q 0 0 0 rg BT 169.05 178.75 Td ( ) Tj ET Q q 0 0 0 rg BT 172.38 178.75 Td (and ) Tj ET Q q 0 0 0 rg BT 190.14 178.75 Td (DAC ) Tj ET Q q 0 0 0 rg BT 214.57 178.75 Td (that ) Tj ET Q q 0 0 0 rg BT 232.89 178.75 Td (would ) Tj ET Q q 0 0 0 rg BT 261.21 178.75 Td (have ) Tj ET Q q 0 0 0 rg BT 283.41 178.75 Td (been ) Tj ET Q q 0 0 0 rg BT 305.61 178.75 Td (amortized ) Tj ET Q q 0 0 0 rg BT 348.92 178.75 Td (if ) Tj ET Q q 0 0 0 rg BT 358.35 178.75 Td (such ) Tj ET Q q 0 0 0 rg BT 380.00 178.75 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 424.96 178.75 Td (gains ) Tj ET Q q 0 0 0 rg BT 449.40 178.75 Td (and ) Tj ET Q q 0 0 0 rg BT 467.16 178.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 494.37 178.75 Td (had ) Tj ET Q q 0 0 0 rg BT 512.13 178.75 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 166.75 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 130.14 166.75 Td (This ) Tj ET Q q 0 0 0 rg BT 150.92 166.75 Td (is ) Tj ET Q q 0 0 0 rg BT 160.59 166.75 Td (referred ) Tj ET Q q 0 0 0 rg BT 195.22 166.75 Td (to ) Tj ET Q q 0 0 0 rg BT 206.00 166.75 Td (as ) Tj ET Q q 0 0 0 rg BT 217.33 166.75 Td (the ) Tj ET Q q 0 0 0 rg BT 232.54 166.75 Td (shadow ) Tj ET Q q 0 0 0 rg BT 270.53 166.75 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 325.74 166.75 Td (as ) Tj ET Q q 0 0 0 rg BT 337.07 166.75 Td (the ) Tj ET Q q 0 0 0 rg BT 352.28 166.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 395.27 166.75 Td (amortization ) Tj ET Q q 0 0 0 rg BT 448.81 166.75 Td (is ) Tj ET Q q 0 0 0 rg BT 458.47 166.75 Td (reflected ) Tj ET Q q 0 0 0 rg BT 496.44 166.75 Td (in ) Tj ET Q q 0 0 0 rg BT 506.56 166.75 Td (AOCI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 154.75 Td (rather ) Tj ET Q q 0 0 0 rg BT 107.38 154.75 Td (than ) Tj ET Q q 0 0 0 rg BT 127.67 154.75 Td (the ) Tj ET Q q 0 0 0 rg BT 142.95 154.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 198.79 154.75 Td (Statement ) Tj ET Q q 0 0 0 rg BT 241.85 154.75 Td (of ) Tj ET Q q 0 0 0 rg BT 253.25 154.75 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 302.02 154.75 Td (As ) Tj ET Q q 0 0 0 rg BT 316.20 154.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.60 154.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 388.43 154.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.43 154.75 Td ( ) Tj ET Q q 0 0 0 rg BT 411.50 154.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 154.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 154.75 Td (, ) Tj ET Q q 0 0 0 rg BT 454.57 154.75 Td (the ) Tj ET Q q 0 0 0 rg BT 469.63 154.75 Td (VOBA) Tj ET Q q 0 0 0 rg BT 497.42 154.75 Td ( ) Tj ET Q q 0 0 0 rg BT 500.48 154.75 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 142.75 Td (included ) Tj ET Q q 0 0 0 rg BT 117.99 142.75 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 164.97 142.75 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 215.30 142.75 Td (for ) Tj ET Q q 0 0 0 rg BT 229.52 142.75 Td (net ) Tj ET Q q 0 0 0 rg BT 244.29 142.75 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 288.49 142.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 334.93 142.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 361.38 142.75 Td (\(gains\) ) Tj ET Q q 0 0 0 rg BT 391.70 142.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.59 142.75 Td ($\(162\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.25 142.75 Td ( ) Tj ET Q q 0 0 0 rg BT 431.80 142.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 142.75 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 142.75 Td (, ) Tj ET Q q 0 0 0 rg BT 463.85 142.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 511.52 142.75 Td (, ) Tj ET Q q 0 0 0 rg BT 516.57 142.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 130.75 Td (the ) Tj ET Q q 0 0 0 rg BT 95.28 130.75 Td (DAC ) Tj ET Q q 0 0 0 rg BT 118.46 130.75 Td (balances ) Tj ET Q q 0 0 0 rg BT 154.95 130.75 Td (included ) Tj ET Q q 0 0 0 rg BT 191.45 130.75 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 237.94 130.75 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 287.78 130.75 Td (for ) Tj ET Q q 0 0 0 rg BT 301.50 130.75 Td (net ) Tj ET Q q 0 0 0 rg BT 315.78 130.75 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 359.49 130.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 405.43 130.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 431.39 130.75 Td (\(gains\) ) Tj ET Q q 0 0 0 rg BT 461.22 130.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.62 130.75 Td ($\(96\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.28 130.75 Td ( ) Tj ET Q q 0 0 0 rg BT 495.34 130.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.84 130.75 Td ($\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 130.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 118.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 128.66 118.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 99.75 Td (The ) Tj ET Q q 0 0 0 rg BT 121.22 99.75 Td (above ) Tj ET Q q 0 0 0 rg BT 147.28 99.75 Td (DAC ) Tj ET Q q 0 0 0 rg BT 170.57 99.75 Td (balances ) Tj ET Q q 0 0 0 rg BT 207.17 99.75 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.78 99.75 Td ($86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.78 99.75 Td ( ) Tj ET Q q 0 0 0 rg BT 255.96 99.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.58 99.75 Td ($59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.58 99.75 Td ( ) Tj ET Q q 0 0 0 rg BT 289.75 99.75 Td (of ) Tj ET Q q 0 0 0 rg BT 300.26 99.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 335.75 99.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 357.36 99.75 Td (inducements, ) Tj ET Q q 0 0 0 rg BT 412.58 99.75 Td (net ) Tj ET Q q 0 0 0 rg BT 426.98 99.75 Td (of ) Tj ET Q q 0 0 0 rg BT 437.48 99.75 Td (shadow ) Tj ET Q q 0 0 0 rg BT 470.21 99.75 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 522.67 99.75 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 87.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.83 87.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 152.09 87.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.09 87.75 Td ( ) Tj ET Q q 0 0 0 rg BT 174.59 87.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.53 87.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.53 87.75 Td (, ) Tj ET Q q 0 0 0 rg BT 216.53 87.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 264.19 87.75 Td (.) Tj ET Q endstream endobj 303 0 obj <>] /Rotate 0 /Contents 304 0 R>> endobj 304 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.20 735.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 162.01 735.60 Td (average ) Tj ET Q q 0 0 0 rg BT 196.25 735.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 249.95 735.60 Td (period ) Tj ET Q q 0 0 0 rg BT 278.65 735.60 Td (for ) Tj ET Q q 0 0 0 rg BT 293.24 735.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 321.02 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 324.18 735.60 Td (is ) Tj ET Q q 0 0 0 rg BT 334.00 735.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.92 735.60 Td (5.2 ) Tj ET Q q 0 0 0 rg BT 410.57 735.60 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.67 735.60 Td (. ) Tj ET Q q 0 0 0 rg BT 437.33 735.60 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 480.47 735.60 Td (amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 115.71 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 129.69 723.60 Td (VOBA) Tj ET Q q 0 0 0 rg BT 157.47 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 159.97 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 170.25 723.60 Td (future ) Tj ET Q q 0 0 0 rg BT 196.63 723.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 220.78 723.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 252.72 723.60 Td (is ) Tj ET Q q 0 0 0 rg BT 261.89 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 272.72 723.60 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 662.10 381.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 662.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 636.10 381.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 636.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 636.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 610.10 381.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 610.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 610.10 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 675.1 m 530.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 662.1 m 530.5 662.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.15 695.33 Td (Estimated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.60 687.33 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.25 679.33 Td (Expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 666.33 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.20 666.33 Td (VOBA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 653.35 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.00 653.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 653.35 Td (27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 640.35 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 640.35 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 627.35 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 627.35 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 614.35 Td (2020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 614.35 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 601.35 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 601.35 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 588.35 Td (Thereafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 588.35 Td (74) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 551.60 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 95.16 551.60 Td (Debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 530.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 530.60 Td (In March 2013, FGL's wholly owned subsidiary) Tj ET Q q 0 0 0 rg BT 308.41 530.60 Td (, FGLH, issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.02 530.60 Td ($300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.02 530.60 Td ( aggregate principal amount of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 518.60 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.83 518.60 Td ( senior notes \(Notes Of) Tj ET Q q 0 0 0 rg BT 208.85 518.60 Td (fering\) due ) Tj ET Q q 0 0 0 rg BT 259.38 518.60 Td (April1, 2021, at par value, which FGLH became eligible to redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 506.60 Td (after ) Tj ET Q q 0 0 0 rg BT 101.26 506.60 Td (April1, 2016. Interest payments are due semi-annually) Tj ET Q q 0 0 0 rg BT 320.83 506.60 Td (, ) Tj ET Q q 0 0 0 rg BT 325.28 506.60 Td (April 1 and October1, commencing October1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 494.60 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 475.60 Td (In ) Tj ET Q q 0 0 0 rg BT 116.22 475.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 162.98 475.60 Td (with ) Tj ET Q q 0 0 0 rg BT 183.65 475.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.76 475.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 224.98 475.60 Td (Of) Tj ET Q q 0 0 0 rg BT 235.35 475.60 Td (fering, ) Tj ET Q q 0 0 0 rg BT 264.61 475.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 283.13 475.60 Td ( ) Tj ET Q q 0 0 0 rg BT 286.02 475.60 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.22 475.60 Td ($10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.22 475.60 Td ( ) Tj ET Q q 0 0 0 rg BT 350.11 475.60 Td (of ) Tj ET Q q 0 0 0 rg BT 361.33 475.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 381.43 475.60 Td (issue ) Tj ET Q q 0 0 0 rg BT 404.32 475.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 429.50 475.60 Td (The ) Tj ET Q q 0 0 0 rg BT 447.94 475.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 466.93 475.60 Td (are ) Tj ET Q q 0 0 0 rg BT 482.03 475.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 522.68 475.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 463.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 110.77 463.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 141.11 463.60 Td (in ) Tj ET Q q 0 0 0 rg BT 151.45 463.60 Td (the ) Tj ET Q q 0 0 0 rg BT 166.23 463.60 Td (accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.11 463.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 282.44 463.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 317.21 463.60 Td (Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.32 463.60 Td ( ) Tj ET Q q 0 0 0 rg BT 345.88 463.60 Td (and ) Tj ET Q q 0 0 0 rg BT 362.89 463.60 Td (as ) Tj ET Q q 0 0 0 rg BT 373.78 463.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.68 463.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 445.01 463.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.01 463.60 Td ( ) Tj ET Q q 0 0 0 rg BT 467.57 463.60 Td (these ) Tj ET Q q 0 0 0 rg BT 490.68 463.60 Td (have ) Tj ET Q q 0 0 0 rg BT 512.13 463.60 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 451.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 102.78 451.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 145.65 451.60 Td (using ) Tj ET Q q 0 0 0 rg BT 170.21 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.32 451.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 236.53 451.60 Td (method, ) Tj ET Q q 0 0 0 rg BT 271.92 451.60 Td (which ) Tj ET Q q 0 0 0 rg BT 299.25 451.60 Td (approximated ) Tj ET Q q 0 0 0 rg BT 357.13 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 372.23 451.60 Td (ef) Tj ET Q q 0 0 0 rg BT 379.82 451.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 409.92 451.60 Td (yield ) Tj ET Q q 0 0 0 rg BT 432.80 451.60 Td (method ) Tj ET Q q 0 0 0 rg BT 465.69 451.60 Td (over ) Tj ET Q q 0 0 0 rg BT 486.35 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 501.46 451.60 Td (term ) Tj ET Q q 0 0 0 rg BT 522.68 451.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 439.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 439.60 Td (debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 420.60 Td (On ) Tj ET Q q 0 0 0 rg BT 117.19 420.60 Td (August ) Tj ET Q q 0 0 0 rg BT 147.98 420.60 Td (26, ) Tj ET Q q 0 0 0 rg BT 162.37 420.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 186.75 420.60 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 217.26 420.60 Td (a ) Tj ET Q q 0 0 0 rg BT 223.59 420.60 Td (wholly ) Tj ET Q q 0 0 0 rg BT 253.25 420.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 281.80 420.60 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 324.80 420.60 Td (of ) Tj ET Q q 0 0 0 rg BT 335.02 420.60 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 358.30 420.60 Td (as ) Tj ET Q q 0 0 0 rg BT 368.52 420.60 Td (borrower) Tj ET Q q 0 0 0 rg BT 404.77 420.60 Td (, ) Tj ET Q q 0 0 0 rg BT 409.16 420.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.49 420.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.60 420.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 480.37 420.60 Td (as ) Tj ET Q q 0 0 0 rg BT 490.59 420.60 Td (guarantor) Tj ET Q q 0 0 0 rg BT 528.51 420.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 113.26 408.60 Td (into ) Tj ET Q q 0 0 0 rg BT 131.65 408.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.93 408.60 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.92 408.60 Td (-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.29 408.60 Td ($150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.29 408.60 Td ( ) Tj ET Q q 0 0 0 rg BT 205.13 408.60 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 248.50 408.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 289.66 408.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 315.26 408.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 346.42 408.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 364.80 408.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 396.45 408.60 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 451.48 408.60 Td (with ) Tj ET Q q 0 0 0 rg BT 472.09 408.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.13 408.60 Td (lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.23 396.60 Td (RBC ) Tj ET Q q 0 0 0 rg BT 119.02 396.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 149.69 396.60 Td (Markets ) Tj ET Q q 0 0 0 rg BT 184.25 396.60 Td (and ) Tj ET Q q 0 0 0 rg BT 200.47 396.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 227.25 396.60 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 254.60 396.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 295.82 396.60 Td (\(USA\) ) Tj ET Q q 0 0 0 rg BT 324.28 396.60 Td (LLC ) Tj ET Q q 0 0 0 rg BT 344.95 396.60 Td (\("Credit ) Tj ET Q q 0 0 0 rg BT 379.14 396.60 Td (Suisse"\), ) Tj ET Q q 0 0 0 rg BT 416.41 396.60 Td (acting ) Tj ET Q q 0 0 0 rg BT 442.63 396.60 Td (as ) Tj ET Q q 0 0 0 rg BT 452.74 396.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 472.87 396.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 491.31 396.60 Td (arrangers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 384.60 Td (The ) Tj ET Q q 0 0 0 rg BT 99.36 384.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 119.38 384.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 157.73 384.60 Td (from ) Tj ET Q q 0 0 0 rg BT 179.98 384.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.01 384.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 222.19 384.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 269.43 384.60 Td (may ) Tj ET Q q 0 0 0 rg BT 289.45 384.60 Td (be ) Tj ET Q q 0 0 0 rg BT 301.70 384.60 Td (used ) Tj ET Q q 0 0 0 rg BT 322.84 384.60 Td (for ) Tj ET Q q 0 0 0 rg BT 337.31 384.60 Td (working ) Tj ET Q q 0 0 0 rg BT 373.45 384.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 402.91 384.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.16 384.60 Td (general ) Tj ET Q q 0 0 0 rg BT 452.39 384.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 492.96 384.60 Td (purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 372.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 372.60 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 372.60 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.71 372.60 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.71 372.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.65 372.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.93 372.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.08 372.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 202.24 372.60 Td (issue ) Tj ET Q q 0 0 0 rg BT 224.19 372.60 Td (cost, ) Tj ET Q q 0 0 0 rg BT 244.74 372.60 Td (which ) Tj ET Q q 0 0 0 rg BT 271.12 372.60 Td (are ) Tj ET Q q 0 0 0 rg BT 285.27 372.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 324.97 372.60 Td (as ) Tj ET Q q 0 0 0 rg BT 335.25 372.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 364.40 372.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 394.11 372.60 Td (in ) Tj ET Q q 0 0 0 rg BT 403.83 372.60 Td (the ) Tj ET Q q 0 0 0 rg BT 417.99 372.60 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 478.24 372.60 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 115.70 360.60 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 144.31 360.60 Td (and ) Tj ET Q q 0 0 0 rg BT 161.25 360.60 Td (are ) Tj ET Q q 0 0 0 rg BT 175.96 360.60 Td (being ) Tj ET Q q 0 0 0 rg BT 200.67 360.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 243.15 360.60 Td (using ) Tj ET Q q 0 0 0 rg BT 267.32 360.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.04 360.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 332.86 360.60 Td (method ) Tj ET Q q 0 0 0 rg BT 365.36 360.60 Td (over ) Tj ET Q q 0 0 0 rg BT 385.62 360.60 Td (the ) Tj ET Q q 0 0 0 rg BT 400.34 360.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 443.38 360.60 Td (term ) Tj ET Q q 0 0 0 rg BT 464.21 360.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.04 360.60 Td (the ) Tj ET Q q 0 0 0 rg BT 489.75 360.60 Td (debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 341.60 Td (On ) Tj ET Q q 0 0 0 rg BT 118.51 341.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 179.05 341.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 204.34 341.60 Td (the ) Tj ET Q q 0 0 0 rg BT 219.34 341.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 261.01 341.60 Td (drew ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.79 341.60 Td ($100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.79 341.60 Td ( ) Tj ET Q q 0 0 0 rg BT 306.57 341.60 Td (on ) Tj ET Q q 0 0 0 rg BT 319.36 341.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.36 341.60 Td (revolver ) Tj ET Q q 0 0 0 rg BT 370.46 341.60 Td (and ) Tj ET Q q 0 0 0 rg BT 387.68 341.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.68 341.60 Td (total ) Tj ET Q q 0 0 0 rg BT 423.24 341.60 Td (drawn ) Tj ET Q q 0 0 0 rg BT 451.02 341.60 Td (as ) Tj ET Q q 0 0 0 rg BT 462.13 341.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.25 341.60 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 329.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 329.60 Td ( ) Tj ET Q q 0 0 0 rg BT 104.10 329.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.76 329.60 Td ($100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.76 329.60 Td (. ) Tj ET Q q 0 0 0 rg BT 148.14 329.60 Td (V) Tj ET Q q 0 0 0 rg BT 154.25 329.60 Td (arious ) Tj ET Q q 0 0 0 rg BT 181.79 329.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 222.66 329.60 Td (options ) Tj ET Q q 0 0 0 rg BT 255.21 329.60 Td (are ) Tj ET Q q 0 0 0 rg BT 270.52 329.60 Td (available ) Tj ET Q q 0 0 0 rg BT 309.71 329.60 Td (within ) Tj ET Q q 0 0 0 rg BT 338.37 329.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.69 329.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 379.56 329.60 Td (facility) Tj ET Q q 0 0 0 rg BT 407.23 329.60 Td (, ) Tj ET Q q 0 0 0 rg BT 412.83 329.60 Td (including ) Tj ET Q q 0 0 0 rg BT 453.71 329.60 Td (overnight ) Tj ET Q q 0 0 0 rg BT 495.14 329.60 Td (and ) Tj ET Q q 0 0 0 rg BT 512.68 329.60 Td (term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 317.60 Td (based ) Tj ET Q q 0 0 0 rg BT 106.04 317.60 Td (borrowing. ) Tj ET Q q 0 0 0 rg BT 154.97 317.60 Td (In ) Tj ET Q q 0 0 0 rg BT 165.57 317.60 Td (each ) Tj ET Q q 0 0 0 rg BT 186.16 317.60 Td (case, ) Tj ET Q q 0 0 0 rg BT 208.13 317.60 Td (a ) Tj ET Q q 0 0 0 rg BT 214.84 317.60 Td (mar) Tj ET Q q 0 0 0 rg BT 230.21 317.60 Td (gin ) Tj ET Q q 0 0 0 rg BT 245.26 317.60 Td (is ) Tj ET Q q 0 0 0 rg BT 254.20 317.60 Td (ascribed ) Tj ET Q q 0 0 0 rg BT 289.78 317.60 Td (based ) Tj ET Q q 0 0 0 rg BT 314.82 317.60 Td (on ) Tj ET Q q 0 0 0 rg BT 327.09 317.60 Td (the ) Tj ET Q q 0 0 0 rg BT 341.58 317.60 Td (Debt ) Tj ET Q q 0 0 0 rg BT 363.29 317.60 Td (to ) Tj ET Q q 0 0 0 rg BT 373.34 317.60 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 431.70 317.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 452.30 317.60 Td (of ) Tj ET Q q 0 0 0 rg BT 462.90 317.60 Td (the ) Tj ET Q q 0 0 0 rg BT 477.39 317.60 Td (Company) Tj ET Q q 0 0 0 rg BT 515.62 317.60 Td (. ) Tj ET Q q 0 0 0 rg BT 519.89 317.60 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 305.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.18 305.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 152.79 305.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.79 305.60 Td (, ) Tj ET Q q 0 0 0 rg BT 178.13 305.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.20 305.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 225.48 305.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 243.31 305.60 Td (was ) Tj ET Q q 0 0 0 rg BT 261.71 305.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 286.21 305.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.83 305.60 Td (5.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.67 305.60 Td ( ) Tj ET Q q 0 0 0 rg BT 320.51 305.60 Td (when ) Tj ET Q q 0 0 0 rg BT 345.02 305.60 Td (the ) Tj ET Q q 0 0 0 rg BT 360.08 305.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.82 305.60 Td (drew ) Tj ET Q q 0 0 0 rg BT 424.65 305.60 Td (on ) Tj ET Q q 0 0 0 rg BT 437.50 305.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.56 305.60 Td (revolver ) Tj ET Q q 0 0 0 rg BT 488.72 305.60 Td (and ) Tj ET Q q 0 0 0 rg BT 506.01 305.60 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 293.60 Td (have ) Tj ET Q q 0 0 0 rg BT 102.38 293.60 Td (been ) Tj ET Q q 0 0 0 rg BT 123.75 293.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 147.91 293.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.19 293.60 Td (5.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.02 293.60 Td ( ) Tj ET Q q 0 0 0 rg BT 186.52 293.60 Td (had ) Tj ET Q q 0 0 0 rg BT 203.46 293.60 Td (the ) Tj ET Q q 0 0 0 rg BT 218.17 293.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 259.56 293.60 Td (drawn ) Tj ET Q q 0 0 0 rg BT 287.05 293.60 Td (on ) Tj ET Q q 0 0 0 rg BT 299.55 293.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.27 293.60 Td (revolver ) Tj ET Q q 0 0 0 rg BT 350.08 293.60 Td (as ) Tj ET Q q 0 0 0 rg BT 360.91 293.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.74 293.60 Td (September ) Tj ET Q q 0 0 0 rg BT 417.01 293.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 432.01 293.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 272.60 Td (The Company's outstanding debt as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.67 272.60 Td (September30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.93 272.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.37 272.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.37 272.60 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 246.10 272.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 246.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 246.10 85.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 246.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 246.10 85.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 246.10000000000002 m 352.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 246.10000000000002 m 356.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 246.10000000000002 m 441.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 246.10000000000002 m 445.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 246.10000000000002 m 530.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 246.10000000000002 m 441.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 246.10000000000002 m 445.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 246.10000000000002 m 530.5 246.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.10 250.33 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.10 250.33 Td (September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 237.35 Td (Debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.00 237.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 237.35 Td (300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 237.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 237.35 Td (300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 224.35 Td (Revolving credit facility) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 224.35 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 224.35 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 201.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.87 201.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 156.63 201.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 192.17 201.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.93 201.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 263.80 201.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.45 201.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 296.00 201.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 333.20 201.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 356.53 201.60 Td (of ) Tj ET Q q 0 0 0 rg BT 368.18 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.73 201.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 431.63 201.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 452.18 201.60 Td (for ) Tj ET Q q 0 0 0 rg BT 467.16 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.71 201.60 Td (years ) Tj ET Q q 0 0 0 rg BT 507.13 201.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 189.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.26 189.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.26 189.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.26 189.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.26 189.60 Td ( ) Tj ET Q q 0 0 0 rg BT 188.76 189.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.70 189.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.70 189.60 Td (, ) Tj ET Q q 0 0 0 rg BT 230.70 189.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 278.36 189.60 Td (, ) Tj ET Q q 0 0 0 rg BT 283.36 189.60 Td (were ) Tj ET Q q 0 0 0 rg BT 305.29 189.60 Td (as ) Tj ET Q q 0 0 0 rg BT 316.12 189.60 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 125.10 101.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 125.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 125.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 125.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 125.10 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 125.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 125.10 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 125.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 125.10 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 125.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 125.10 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 125.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 125.10 55.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 161.10000000000002 m 236.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 161.10000000000002 m 240.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 161.10000000000002 m 295.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 161.10000000000002 m 299.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 161.10000000000002 m 354.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 161.10000000000002 m 358.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 161.10000000000002 m 413.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 161.10000000000002 m 417.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 161.10000000000002 m 472.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 161.10000000000002 m 476.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 161.10000000000002 m 531.5 161.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 146.10000000000002 m 236.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 146.10000000000002 m 240.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 146.10000000000002 m 295.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 146.10000000000002 m 354.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 146.10000000000002 m 358.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 146.10000000000002 m 413.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 146.10000000000002 m 472.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 146.10000000000002 m 476.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 146.10000000000002 m 531.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 125.10000000000002 m 182.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 125.10000000000002 m 236.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 146.10000000000002 m 240.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 125.10000000000002 m 295.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 146.10000000000002 m 354.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 125.10000000000002 m 354.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 146.10000000000002 m 358.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 146.10000000000002 m 413.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 125.10000000000002 m 413.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 146.10000000000002 m 472.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 125.10000000000002 m 472.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 146.10000000000002 m 476.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 146.10000000000002 m 531.5 146.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 125.10000000000002 m 531.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 125.10000000000002 m 182.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 125.10000000000002 m 186.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 125.10000000000002 m 236.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 125.10000000000002 m 295.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 125.10000000000002 m 354.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 125.10000000000002 m 413.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 125.10000000000002 m 472.5 125.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 125.10000000000002 m 531.5 125.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.95 165.33 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.50 150.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 150.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 150.33 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.70 137.33 Td (Interest) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.75 129.33 Td (Expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.60 129.33 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.20 137.33 Td (Interest) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.25 129.33 Td (Expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.60 129.33 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.20 137.33 Td (Interest) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.25 129.33 Td (Expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.60 129.33 Td (Amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 116.35 Td (Debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.00 116.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.30 116.35 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.00 116.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 116.35 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 116.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 116.35 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 116.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 116.35 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 116.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 116.35 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.00 116.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 116.35 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 103.35 Td (Revolving credit facility) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.30 103.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 103.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 103.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 103.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 103.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 103.35 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 305 0 obj <>] /Rotate 0 /Contents 306 0 R>> endobj 306 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (\(9\) Equity ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 717.75 Td (Stock Split) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 699.75 Td (On ) Tj ET Q q 0 0 0 rg BT 118.07 699.75 Td (November ) Tj ET Q q 0 0 0 rg BT 162.63 699.75 Td (26, ) Tj ET Q q 0 0 0 rg BT 177.49 699.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 202.34 699.75 Td (the ) Tj ET Q q 0 0 0 rg BT 216.91 699.75 Td (Company) Tj ET Q q 0 0 0 rg BT 258.57 699.75 Td (s ) Tj ET Q q 0 0 0 rg BT 264.82 699.75 Td (board ) Tj ET Q q 0 0 0 rg BT 289.94 699.75 Td (of ) Tj ET Q q 0 0 0 rg BT 300.62 699.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 337.96 699.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 378.07 699.75 Td (the ) Tj ET Q q 0 0 0 rg BT 392.63 699.75 Td (number ) Tj ET Q q 0 0 0 rg BT 425.53 699.75 Td (of ) Tj ET Q q 0 0 0 rg BT 436.22 699.75 Td (authorized ) Tj ET Q q 0 0 0 rg BT 480.77 699.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 508.11 699.75 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 699.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.75 Td (Company) Tj ET Q q 0 0 0 rg BT 122.67 687.75 Td (s ) Tj ET Q q 0 0 0 rg BT 129.65 687.75 Td (common ) Tj ET Q q 0 0 0 rg BT 167.74 687.75 Td (stock, ) Tj ET Q q 0 0 0 rg BT 194.45 687.75 Td (par ) Tj ET Q q 0 0 0 rg BT 210.31 687.75 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.06 687.75 Td ($0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.56 687.75 Td ( ) Tj ET Q q 0 0 0 rg BT 260.66 687.75 Td (per ) Tj ET Q q 0 0 0 rg BT 276.52 687.75 Td (share, ) Tj ET Q q 0 0 0 rg BT 303.22 687.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.75 687.75 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.75 687.75 Td ( ) Tj ET Q q 0 0 0 rg BT 343.85 687.75 Td (thousand ) Tj ET Q q 0 0 0 rg BT 383.05 687.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.92 687.75 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.42 687.75 Td ( ) Tj ET Q q 0 0 0 rg BT 429.52 687.75 Td (thousand ) Tj ET Q q 0 0 0 rg BT 468.72 687.75 Td (and ) Tj ET Q q 0 0 0 rg BT 486.26 687.75 Td (approved ) Tj ET Q q 0 0 0 rg BT 526.56 687.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 105.38 675.75 Td (split ) Tj ET Q q 0 0 0 rg BT 125.88 675.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.48 675.75 Td (the ) Tj ET Q q 0 0 0 rg BT 152.97 675.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 181.24 675.75 Td (and ) Tj ET Q q 0 0 0 rg BT 198.95 675.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 248.89 675.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 277.15 675.75 Td (of ) Tj ET Q q 0 0 0 rg BT 288.75 675.75 Td (common ) Tj ET Q q 0 0 0 rg BT 327.02 675.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 351.40 675.75 Td (at ) Tj ET Q q 0 0 0 rg BT 361.88 675.75 Td (a ) Tj ET Q q 0 0 0 rg BT 369.59 675.75 Td (ratio ) Tj ET Q q 0 0 0 rg BT 391.19 675.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.79 675.75 Td (4,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.29 675.75 Td (-for) Tj ET Q q 0 0 0 rg BT 440.08 675.75 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.41 675.75 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.41 675.75 Td (, ) Tj ET Q q 0 0 0 rg BT 454.18 675.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 492.45 675.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.50 675.75 Td (47,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.75 Td (thousand ) Tj ET Q q 0 0 0 rg BT 120.21 663.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 148.30 663.75 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 200.57 663.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 218.11 663.75 Td (income ) Tj ET Q q 0 0 0 rg BT 250.65 663.75 Td (per ) Tj ET Q q 0 0 0 rg BT 266.52 663.75 Td (common ) Tj ET Q q 0 0 0 rg BT 304.61 663.75 Td (share ) Tj ET Q q 0 0 0 rg BT 328.81 663.75 Td (and ) Tj ET Q q 0 0 0 rg BT 346.35 663.75 Td (the ) Tj ET Q q 0 0 0 rg BT 361.67 663.75 Td (weighted ) Tj ET Q q 0 0 0 rg BT 401.43 663.75 Td (average ) Tj ET Q q 0 0 0 rg BT 435.62 663.75 Td (common ) Tj ET Q q 0 0 0 rg BT 473.71 663.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 501.81 663.75 Td (used ) Tj ET Q q 0 0 0 rg BT 523.24 663.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.75 Td (computing ) Tj ET Q q 0 0 0 rg BT 125.28 651.75 Td (net ) Tj ET Q q 0 0 0 rg BT 139.01 651.75 Td (income ) Tj ET Q q 0 0 0 rg BT 169.95 651.75 Td (per ) Tj ET Q q 0 0 0 rg BT 184.23 651.75 Td (share ) Tj ET Q q 0 0 0 rg BT 206.84 651.75 Td (for ) Tj ET Q q 0 0 0 rg BT 220.01 651.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.74 651.75 Td (years ) Tj ET Q q 0 0 0 rg BT 256.35 651.75 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.23 651.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.74 651.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 341.01 651.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.01 651.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.02 651.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.02 651.75 Td ( ) Tj ET Q q 0 0 0 rg BT 386.53 651.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.48 651.75 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.48 651.75 Td (, ) Tj ET Q q 0 0 0 rg BT 426.49 651.75 Td (included ) Tj ET Q q 0 0 0 rg BT 462.43 651.75 Td (in ) Tj ET Q q 0 0 0 rg BT 471.72 651.75 Td (the ) Tj ET Q q 0 0 0 rg BT 485.45 651.75 Td (Company) Tj ET Q q 0 0 0 rg BT 527.11 651.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 136.14 639.75 Td (Statements ) Tj ET Q q 0 0 0 rg BT 182.38 639.75 Td (of ) Tj ET Q q 0 0 0 rg BT 193.07 639.75 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 241.81 639.75 Td (have ) Tj ET Q q 0 0 0 rg BT 263.05 639.75 Td (been ) Tj ET Q q 0 0 0 rg BT 284.29 639.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 319.98 639.75 Td (to ) Tj ET Q q 0 0 0 rg BT 330.12 639.75 Td (give ) Tj ET Q q 0 0 0 rg BT 349.70 639.75 Td (ef) Tj ET Q q 0 0 0 rg BT 357.29 639.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 374.63 639.75 Td (to ) Tj ET Q q 0 0 0 rg BT 384.77 639.75 Td (the ) Tj ET Q q 0 0 0 rg BT 399.35 639.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 422.82 639.75 Td (split. ) Tj ET Q q 0 0 0 rg BT 444.91 639.75 Td (Likewise, ) Tj ET Q q 0 0 0 rg BT 486.43 639.75 Td (the ) Tj ET Q q 0 0 0 rg BT 501.01 639.75 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.75 Td (of ) Tj ET Q q 0 0 0 rg BT 91.80 627.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 119.25 627.75 Td (authorized, ) Tj ET Q q 0 0 0 rg BT 166.42 627.75 Td (issued, ) Tj ET Q q 0 0 0 rg BT 196.39 627.75 Td (and ) Tj ET Q q 0 0 0 rg BT 213.30 627.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 262.43 627.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 302.11 627.75 Td (in ) Tj ET Q q 0 0 0 rg BT 312.36 627.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.04 627.75 Td (Company) Tj ET Q q 0 0 0 rg BT 368.71 627.75 Td (s ) Tj ET Q q 0 0 0 rg BT 375.07 627.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 430.31 627.75 Td (Balance ) Tj ET Q q 0 0 0 rg BT 464.98 627.75 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 493.55 627.75 Td (have ) Tj ET Q q 0 0 0 rg BT 514.90 627.75 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.75 Td (been ) Tj ET Q q 0 0 0 rg BT 102.38 615.75 Td (adjusted. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 597.75 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 136.43 597.75 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 579.75 Td (FGL's ) Tj ET Q q 0 0 0 rg BT 134.36 579.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 163.57 579.75 Td (of ) Tj ET Q q 0 0 0 rg BT 176.67 579.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 218.65 579.75 Td (has ) Tj ET Q q 0 0 0 rg BT 236.76 579.75 Td (the ) Tj ET Q q 0 0 0 rg BT 253.75 579.75 Td (authority) Tj ET Q q 0 0 0 rg BT 289.20 579.75 Td (, ) Tj ET Q q 0 0 0 rg BT 296.47 579.75 Td (without ) Tj ET Q q 0 0 0 rg BT 331.80 579.75 Td (further ) Tj ET Q q 0 0 0 rg BT 363.78 579.75 Td (action ) Tj ET Q q 0 0 0 rg BT 392.99 579.75 Td (by ) Tj ET Q q 0 0 0 rg BT 407.76 579.75 Td (our ) Tj ET Q q 0 0 0 rg BT 425.86 579.75 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 483.67 579.75 Td (to ) Tj ET Q q 0 0 0 rg BT 496.23 579.75 Td (issue ) Tj ET Q q 0 0 0 rg BT 521.00 579.75 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 567.75 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.28 567.75 Td (50,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.28 567.75 Td ( ) Tj ET Q q 0 0 0 rg BT 138.85 567.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 166.42 567.75 Td (of ) Tj ET Q q 0 0 0 rg BT 177.32 567.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 216.53 567.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 240.22 567.75 Td (in ) Tj ET Q q 0 0 0 rg BT 250.57 567.75 Td (one ) Tj ET Q q 0 0 0 rg BT 267.58 567.75 Td (or ) Tj ET Q q 0 0 0 rg BT 278.49 567.75 Td (more ) Tj ET Q q 0 0 0 rg BT 301.61 567.75 Td (series ) Tj ET Q q 0 0 0 rg BT 326.95 567.75 Td (and ) Tj ET Q q 0 0 0 rg BT 343.97 567.75 Td (to ) Tj ET Q q 0 0 0 rg BT 354.32 567.75 Td (fix ) Tj ET Q q 0 0 0 rg BT 368.00 567.75 Td (the ) Tj ET Q q 0 0 0 rg BT 382.79 567.75 Td (designation, ) Tj ET Q q 0 0 0 rg BT 433.97 567.75 Td (powers, ) Tj ET Q q 0 0 0 rg BT 467.93 567.75 Td (preferences ) Tj ET Q q 0 0 0 rg BT 516.58 567.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 555.75 Td (the ) Tj ET Q q 0 0 0 rg BT 95.10 555.75 Td (relative ) Tj ET Q q 0 0 0 rg BT 126.96 555.75 Td (participating, ) Tj ET Q q 0 0 0 rg BT 181.87 555.75 Td (optional ) Tj ET Q q 0 0 0 rg BT 216.53 555.75 Td (or ) Tj ET Q q 0 0 0 rg BT 226.74 555.75 Td (other ) Tj ET Q q 0 0 0 rg BT 249.16 555.75 Td (special ) Tj ET Q q 0 0 0 rg BT 278.81 555.75 Td (rights, ) Tj ET Q q 0 0 0 rg BT 305.97 555.75 Td (and ) Tj ET Q q 0 0 0 rg BT 322.28 555.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.38 555.75 Td (qualifications, ) Tj ET Q q 0 0 0 rg BT 395.19 555.75 Td (limitations ) Tj ET Q q 0 0 0 rg BT 439.85 555.75 Td (and ) Tj ET Q q 0 0 0 rg BT 456.17 555.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 502.48 555.75 Td (of ) Tj ET Q q 0 0 0 rg BT 512.69 555.75 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 543.75 Td (series, ) Tj ET Q q 0 0 0 rg BT 108.45 543.75 Td (including ) Tj ET Q q 0 0 0 rg BT 148.41 543.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 185.59 543.75 Td (rights, ) Tj ET Q q 0 0 0 rg BT 213.06 543.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 250.24 543.75 Td (rates, ) Tj ET Q q 0 0 0 rg BT 273.80 543.75 Td (conversion ) Tj ET Q q 0 0 0 rg BT 319.86 543.75 Td (rights, ) Tj ET Q q 0 0 0 rg BT 347.32 543.75 Td (voting ) Tj ET Q q 0 0 0 rg BT 375.06 543.75 Td (rights, ) Tj ET Q q 0 0 0 rg BT 402.53 543.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 426.93 543.75 Td (of ) Tj ET Q q 0 0 0 rg BT 437.45 543.75 Td (redemption, ) Tj ET Q q 0 0 0 rg BT 487.67 543.75 Td (liquidation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 531.75 Td (preferences ) Tj ET Q q 0 0 0 rg BT 128.93 531.75 Td (and ) Tj ET Q q 0 0 0 rg BT 145.23 531.75 Td (the ) Tj ET Q q 0 0 0 rg BT 159.30 531.75 Td (number ) Tj ET Q q 0 0 0 rg BT 191.70 531.75 Td (of ) Tj ET Q q 0 0 0 rg BT 201.89 531.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 228.74 531.75 Td (constituting ) Tj ET Q q 0 0 0 rg BT 277.82 531.75 Td (any ) Tj ET Q q 0 0 0 rg BT 294.11 531.75 Td (series. ) Tj ET Q q 0 0 0 rg BT 321.24 531.75 Td (Currently) Tj ET Q q 0 0 0 rg BT 358.91 531.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.27 531.75 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.27 531.75 Td ( ) Tj ET Q q 0 0 0 rg BT 375.13 531.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 401.97 531.75 Td (of ) Tj ET Q q 0 0 0 rg BT 412.16 531.75 Td (our ) Tj ET Q q 0 0 0 rg BT 427.35 531.75 Td (authorized ) Tj ET Q q 0 0 0 rg BT 471.41 531.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 509.90 531.75 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 519.75 Td (are ) Tj ET Q q 0 0 0 rg BT 95.71 519.75 Td (outstanding. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 501.75 Td (Share ) Tj ET Q q 0 0 0 rg BT 119.95 501.75 Td (Repurchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 483.75 Td (On ) Tj ET Q q 0 0 0 rg BT 118.21 483.75 Td (September ) Tj ET Q q 0 0 0 rg BT 163.46 483.75 Td (2, ) Tj ET Q q 0 0 0 rg BT 173.45 483.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 198.44 483.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.15 483.75 Td (Company) Tj ET Q q 0 0 0 rg BT 254.81 483.75 Td (s ) Tj ET Q q 0 0 0 rg BT 261.19 483.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 288.12 483.75 Td (of ) Tj ET Q q 0 0 0 rg BT 298.94 483.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 338.64 483.75 Td (authorized ) Tj ET Q q 0 0 0 rg BT 383.33 483.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.04 483.75 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 443.83 483.75 Td (of ) Tj ET Q q 0 0 0 rg BT 454.65 483.75 Td (up ) Tj ET Q q 0 0 0 rg BT 467.14 483.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.41 483.75 Td (500 ) Tj ET Q q 0 0 0 rg BT 494.90 483.75 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 471.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 108.18 471.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.70 471.75 Td (the ) Tj ET Q q 0 0 0 rg BT 133.10 471.75 Td (Company) Tj ET Q q 0 0 0 rg BT 174.76 471.75 Td (s ) Tj ET Q q 0 0 0 rg BT 180.84 471.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 229.70 471.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 256.87 471.75 Td (of ) Tj ET Q q 0 0 0 rg BT 267.39 471.75 Td (common ) Tj ET Q q 0 0 0 rg BT 304.57 471.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 327.87 471.75 Td (over ) Tj ET Q q 0 0 0 rg BT 347.83 471.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.23 471.75 Td (next ) Tj ET Q q 0 0 0 rg BT 381.63 471.75 Td (twelve ) Tj ET Q q 0 0 0 rg BT 410.48 471.75 Td (months. ) Tj ET Q q 0 0 0 rg BT 444.46 471.75 Td (This ) Tj ET Q q 0 0 0 rg BT 464.42 471.75 Td (share ) Tj ET Q q 0 0 0 rg BT 487.71 471.75 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 459.75 Td (program ) Tj ET Q q 0 0 0 rg BT 116.89 459.75 Td (was ) Tj ET Q q 0 0 0 rg BT 134.45 459.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 178.11 459.75 Td (as ) Tj ET Q q 0 0 0 rg BT 188.45 459.75 Td (of ) Tj ET Q q 0 0 0 rg BT 198.79 459.75 Td (June ) Tj ET Q q 0 0 0 rg BT 219.13 459.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 233.64 459.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 255.66 459.75 Td (and ) Tj ET Q q 0 0 0 rg BT 272.10 459.75 Td (a ) Tj ET Q q 0 0 0 rg BT 278.55 459.75 Td (total ) Tj ET Q q 0 0 0 rg BT 298.34 459.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.68 459.75 Td (512 ) Tj ET Q q 0 0 0 rg BT 325.69 459.75 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 459.75 Td ( ) Tj ET Q q 0 0 0 rg BT 363.81 459.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 390.81 459.75 Td (of ) Tj ET Q q 0 0 0 rg BT 401.15 459.75 Td (common ) Tj ET Q q 0 0 0 rg BT 438.16 459.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 461.28 459.75 Td (were ) Tj ET Q q 0 0 0 rg BT 482.71 459.75 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 447.75 Td (at ) Tj ET Q q 0 0 0 rg BT 91.64 447.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 111.17 447.75 Td (for ) Tj ET Q q 0 0 0 rg BT 126.25 447.75 Td (a ) Tj ET Q q 0 0 0 rg BT 134.12 447.75 Td (total ) Tj ET Q q 0 0 0 rg BT 155.31 447.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 174.84 447.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.60 447.75 Td ($1) Tj ET Q q 0 0 0 rg BT 196.22 447.75 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.22 447.75 Td (, ) Tj ET Q q 0 0 0 rg BT 207.15 447.75 Td (which ) Tj ET Q q 0 0 0 rg BT 235.01 447.75 Td (are ) Tj ET Q q 0 0 0 rg BT 250.64 447.75 Td (held ) Tj ET Q q 0 0 0 rg BT 271.28 447.75 Td (in ) Tj ET Q q 0 0 0 rg BT 282.48 447.75 Td (treasury; ) Tj ET Q q 0 0 0 rg BT 320.89 447.75 Td (of ) Tj ET Q q 0 0 0 rg BT 332.64 447.75 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 447.75 Td (500 ) Tj ET Q q 0 0 0 rg BT 378.92 447.75 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.03 447.75 Td ( ) Tj ET Q q 0 0 0 rg BT 418.46 447.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 446.87 447.75 Td (were ) Tj ET Q q 0 0 0 rg BT 469.72 447.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 507.58 447.75 Td (to ) Tj ET Q q 0 0 0 rg BT 518.78 447.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 435.75 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 126.90 435.75 Td (program ) Tj ET Q q 0 0 0 rg BT 163.36 435.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.39 435.75 Td (12 ) Tj ET Q q 0 0 0 rg BT 192.98 435.75 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.09 435.75 Td ( ) Tj ET Q q 0 0 0 rg BT 231.68 435.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 259.26 435.75 Td (were ) Tj ET Q q 0 0 0 rg BT 281.27 435.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 318.29 435.75 Td (to ) Tj ET Q q 0 0 0 rg BT 328.65 435.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 357.35 435.75 Td (employee ) Tj ET Q q 0 0 0 rg BT 398.81 435.75 Td (income ) Tj ET Q q 0 0 0 rg BT 430.84 435.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 445.64 435.75 Td (withholding ) Tj ET Q q 0 0 0 rg BT 496.57 435.75 Td (pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 423.75 Td (to ) Tj ET Q q 0 0 0 rg BT 90.82 423.75 Td (the ) Tj ET Q q 0 0 0 rg BT 105.08 423.75 Td (Company) Tj ET Q q 0 0 0 rg BT 146.75 423.75 Td (s ) Tj ET Q q 0 0 0 rg BT 152.68 423.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 175.83 423.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 233.42 423.75 Td (plan. ) Tj ET Q q 0 0 0 rg BT 255.18 423.75 Td (During ) Tj ET Q q 0 0 0 rg BT 285.55 423.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.81 423.75 Td (year ) Tj ET Q q 0 0 0 rg BT 319.06 423.75 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.94 423.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.98 423.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 404.79 423.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.79 423.75 Td (, ) Tj ET Q q 0 0 0 rg BT 429.33 423.75 Td (an ) Tj ET Q q 0 0 0 rg BT 440.82 423.75 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.85 423.75 Td (25 ) Tj ET Q q 0 0 0 rg BT 494.89 423.75 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 411.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 108.22 411.75 Td (were ) Tj ET Q q 0 0 0 rg BT 129.88 411.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 166.53 411.75 Td (for ) Tj ET Q q 0 0 0 rg BT 180.42 411.75 Td (a ) Tj ET Q q 0 0 0 rg BT 187.09 411.75 Td (total ) Tj ET Q q 0 0 0 rg BT 207.09 411.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 225.43 411.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.99 411.75 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.99 411.75 Td ( ) Tj ET Q q 0 0 0 rg BT 248.21 411.75 Td (to ) Tj ET Q q 0 0 0 rg BT 258.22 411.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 286.56 411.75 Td (employee ) Tj ET Q q 0 0 0 rg BT 327.66 411.75 Td (income ) Tj ET Q q 0 0 0 rg BT 359.32 411.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.77 411.75 Td (withholding ) Tj ET Q q 0 0 0 rg BT 424.33 411.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 461.00 411.75 Td (to ) Tj ET Q q 0 0 0 rg BT 471.01 411.75 Td (the ) Tj ET Q q 0 0 0 rg BT 485.45 411.75 Td (Company) Tj ET Q q 0 0 0 rg BT 527.12 411.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 399.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 104.57 399.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 162.58 399.75 Td (plan, ) Tj ET Q q 0 0 0 rg BT 184.76 399.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 222.23 399.75 Td (in ) Tj ET Q q 0 0 0 rg BT 232.47 399.75 Td (a ) Tj ET Q q 0 0 0 rg BT 239.37 399.75 Td (total ) Tj ET Q q 0 0 0 rg BT 259.61 399.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.41 399.75 Td (537 ) Tj ET Q q 0 0 0 rg BT 287.88 399.75 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.98 399.75 Td ( ) Tj ET Q q 0 0 0 rg BT 326.45 399.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 353.91 399.75 Td (repurchased, ) Tj ET Q q 0 0 0 rg BT 407.18 399.75 Td (held ) Tj ET Q q 0 0 0 rg BT 426.86 399.75 Td (in ) Tj ET Q q 0 0 0 rg BT 437.10 399.75 Td (treasury) Tj ET Q q 0 0 0 rg BT 468.66 399.75 Td (, ) Tj ET Q q 0 0 0 rg BT 473.63 399.75 Td (for ) Tj ET Q q 0 0 0 rg BT 487.75 399.75 Td (a ) Tj ET Q q 0 0 0 rg BT 494.66 399.75 Td (total ) Tj ET Q q 0 0 0 rg BT 514.90 399.75 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 387.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.59 387.75 Td ($12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.59 387.75 Td (. ) Tj ET Q q 0 0 0 rg BT 111.35 387.75 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 159.73 387.75 Td (to ) Tj ET Q q 0 0 0 rg BT 169.77 387.75 Td (the ) Tj ET Q q 0 0 0 rg BT 184.24 387.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 231.09 387.75 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 276.65 387.75 Td (of ) Tj ET Q q 0 0 0 rg BT 287.25 387.75 Td (shares, ) Tj ET Q q 0 0 0 rg BT 317.00 387.75 Td (HRG ) Tj ET Q q 0 0 0 rg BT 340.38 387.75 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 380.96 387.75 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.44 387.75 Td (47,000 ) Tj ET Q q 0 0 0 rg BT 430.20 387.75 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.31 387.75 Td ( ) Tj ET Q q 0 0 0 rg BT 468.57 387.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 495.82 387.75 Td (of ) Tj ET Q q 0 0 0 rg BT 506.41 387.75 Td (FGL's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 375.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 130.17 375.75 Td (common ) Tj ET Q q 0 0 0 rg BT 167.66 375.75 Td (stock, ) Tj ET Q q 0 0 0 rg BT 193.77 375.75 Td (representing ) Tj ET Q q 0 0 0 rg BT 245.69 375.75 Td (an ) Tj ET Q q 0 0 0 rg BT 257.63 375.75 Td (approximate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.11 375.75 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.44 375.75 Td ( ) Tj ET Q q 0 0 0 rg BT 330.94 375.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 362.88 375.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.59 375.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 432.86 375.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.86 375.75 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 357.75 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 339.75 Td (The ) Tj ET Q q 0 0 0 rg BT 121.63 339.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 163.11 339.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 199.56 339.75 Td (and ) Tj ET Q q 0 0 0 rg BT 216.59 339.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 236.39 339.75 Td (the ) Tj ET Q q 0 0 0 rg BT 251.20 339.75 Td (following ) Tj ET Q q 0 0 0 rg BT 292.67 339.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.03 339.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 354.50 339.75 Td (during ) Tj ET Q q 0 0 0 rg BT 383.20 339.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.00 339.75 Td (years ) Tj ET Q q 0 0 0 rg BT 421.69 339.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 339.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 508.50 339.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 339.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 327.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 327.75 Td (, ) Tj ET Q q 0 0 0 rg BT 106.00 327.75 Td (and ) Tj ET Q q 0 0 0 rg BT 122.94 327.75 Td (2014:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 287.25 86.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 287.25 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 287.25 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 287.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 287.25 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 287.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 287.25 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 287.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 287.25 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 287.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 287.25 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 261.25 86.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 261.25 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 261.25 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 261.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 261.25 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 261.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 261.25 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 261.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 261.25 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 261.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 261.25 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 235.25 86.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 235.25 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 235.25 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 235.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 235.25 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 235.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 235.25 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 235.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 235.25 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 235.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 235.25 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 209.25 86.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 209.25 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 209.25 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 209.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 209.25 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 209.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 209.25 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 209.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 209.25 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 209.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 209.25 47.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 287.25 m 166.5 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 287.25 m 240.5 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 287.25 m 318.5 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 287.25 m 406.5 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 287.25 m 479.5 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 287.25 m 530.5 287.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 291.48 Td (Date Declared) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 174.00 291.48 Td (Date Paid) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.00 299.48 Td (Date Shareholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.00 291.48 Td (of record) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.00 299.48 Td (Shareholders of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.00 291.48 Td (record \(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.00 307.48 Td (Cash Dividend) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.00 299.48 Td (declared \(per) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.00 291.48 Td (share\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.00 299.48 Td (Total cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.00 291.48 Td (paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 278.50 Td ( November 18, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.00 278.50 Td (December 15, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 278.50 Td ( December 1, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 278.50 Td (58,279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 278.50 Td ($0.065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 278.50 Td ($4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 265.50 Td ( February 10, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.00 265.50 Td (March 9, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 265.50 Td ( February 23, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 265.50 Td (57,975) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 265.50 Td ($0.065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 265.50 Td ($4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 252.50 Td (May 1, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.00 252.50 Td (June 1, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 252.50 Td (May 18, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 252.50 Td (57,932) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 252.50 Td ($0.065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 252.50 Td ($4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 239.50 Td (July 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.00 239.50 Td (August 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 239.50 Td (August 17, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 239.50 Td (57,976) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 239.50 Td ($0.065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 239.50 Td ($4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 226.50 Td (November 12, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.00 226.50 Td (December 14, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 226.50 Td (November 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 226.50 Td (58,144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 226.50 Td ($0.065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 226.50 Td ($4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 213.50 Td (February 2, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.00 213.50 Td (March 7, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 213.50 Td (February 22, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 213.50 Td (58,210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 213.50 Td ($0.065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 213.50 Td ($4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 200.50 Td (April 28, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.00 200.50 Td (May 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 200.50 Td (May 16, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 200.50 Td (58,211) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 200.50 Td ($0.065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 200.50 Td ($4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 187.50 Td (August 1, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.00 187.50 Td (September 6, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 187.50 Td (August 22, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 187.50 Td (58,211) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 187.50 Td ($0.065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 187.50 Td ($4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 164.75 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 164.75 Td (November10, ) Tj ET Q q 0 0 0 rg BT 178.48 164.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.48 164.75 Td (, ) Tj ET Q q 0 0 0 rg BT 203.75 164.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 221.72 164.75 Td () Tj ET Q q 0 0 0 rg BT 224.50 164.75 Td (s ) Tj ET Q q 0 0 0 rg BT 231.17 164.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 258.38 164.75 Td (of ) Tj ET Q q 0 0 0 rg BT 269.48 164.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 309.46 164.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 346.10 164.75 Td (a ) Tj ET Q q 0 0 0 rg BT 353.31 164.75 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 392.18 164.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 412.72 164.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 450.49 164.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.59 164.75 Td ($0.065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.09 164.75 Td ( ) Tj ET Q q 0 0 0 rg BT 491.86 164.75 Td (per ) Tj ET Q q 0 0 0 rg BT 507.41 164.75 Td (share. ) Tj ET Q q 0 0 0 rg BT 533.50 164.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.75 Td (The ) Tj ET Q q 0 0 0 rg BT 100.84 152.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 140.13 152.75 Td (will ) Tj ET Q q 0 0 0 rg BT 159.99 152.75 Td (be ) Tj ET Q q 0 0 0 rg BT 173.72 152.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 195.24 152.75 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.53 152.75 Td (December12, ) Tj ET Q q 0 0 0 rg BT 269.91 152.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.91 152.75 Td ( ) Tj ET Q q 0 0 0 rg BT 294.21 152.75 Td (to ) Tj ET Q q 0 0 0 rg BT 306.28 152.75 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 361.12 152.75 Td (of ) Tj ET Q q 0 0 0 rg BT 373.74 152.75 Td (record ) Tj ET Q q 0 0 0 rg BT 403.58 152.75 Td (as ) Tj ET Q q 0 0 0 rg BT 416.20 152.75 Td (of ) Tj ET Q q 0 0 0 rg BT 428.83 152.75 Td (the ) Tj ET Q q 0 0 0 rg BT 445.34 152.75 Td (close ) Tj ET Q q 0 0 0 rg BT 470.19 152.75 Td (of ) Tj ET Q q 0 0 0 rg BT 482.81 152.75 Td (business ) Tj ET Q q 0 0 0 rg BT 521.00 152.75 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.75 Td (November28, ) Tj ET Q q 0 0 0 rg BT 140.71 140.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.71 140.75 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 122.75 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 138.10 122.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 154.67 122.75 Td (Assets ) Tj ET Q q 0 0 0 rg BT 182.73 122.75 Td (of ) Tj ET Q q 0 0 0 rg BT 193.56 122.75 Td (Subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 103.75 Td (FGLH) Tj ET Q q 0 0 0 rg BT 136.89 103.75 Td (s ) Tj ET Q q 0 0 0 rg BT 145.49 103.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 175.18 103.75 Td (in ) Tj ET Q q 0 0 0 rg BT 187.66 103.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 229.57 103.75 Td (net ) Tj ET Q q 0 0 0 rg BT 246.49 103.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 274.52 103.75 Td (of ) Tj ET Q q 0 0 0 rg BT 287.55 103.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 342.80 103.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 394.72 103.75 Td (was ) Tj ET Q q 0 0 0 rg BT 414.97 103.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.43 103.75 Td ($1,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.93 103.75 Td ( ) Tj ET Q q 0 0 0 rg BT 509.64 103.75 Td (as ) Tj ET Q q 0 0 0 rg BT 522.67 103.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 91.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 140.71 91.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.71 91.75 Td ( ) Tj ET Q q 0 0 0 rg BT 162.65 91.75 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.02 91.75 Td (94%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.35 91.75 Td ( ) Tj ET Q q 0 0 0 rg BT 234.30 91.75 Td (of ) Tj ET Q q 0 0 0 rg BT 244.57 91.75 Td (FGLH) Tj ET Q q 0 0 0 rg BT 273.46 91.75 Td (s ) Tj ET Q q 0 0 0 rg BT 279.30 91.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 331.79 91.75 Td (stockholder) Tj ET Q q 0 0 0 rg BT 378.81 91.75 Td () Tj ET Q q 0 0 0 rg BT 381.59 91.75 Td (s ) Tj ET Q q 0 0 0 rg BT 387.43 91.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 414.37 91.75 Td (as ) Tj ET Q q 0 0 0 rg BT 424.64 91.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.92 91.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 494.63 91.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.63 91.75 Td ( ) Tj ET Q q 0 0 0 rg BT 516.57 91.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 79.75 Td (consisted ) Tj ET Q q 0 0 0 rg BT 120.84 79.75 Td (of ) Tj ET Q q 0 0 0 rg BT 131.79 79.75 Td (net ) Tj ET Q q 0 0 0 rg BT 146.63 79.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 172.58 79.75 Td (of ) Tj ET Q q 0 0 0 rg BT 183.53 79.75 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 212.26 79.75 Td (which ) Tj ET Q q 0 0 0 rg BT 239.32 79.75 Td (were ) Tj ET Q q 0 0 0 rg BT 261.37 79.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 301.20 79.75 Td (as ) Tj ET Q q 0 0 0 rg BT 312.15 79.75 Td (to ) Tj ET Q q 0 0 0 rg BT 322.55 79.75 Td (transfer ) Tj ET Q q 0 0 0 rg BT 355.71 79.75 Td (to ) Tj ET Q q 0 0 0 rg BT 366.10 79.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 384.63 79.75 Td ( ) Tj ET Q q 0 0 0 rg BT 387.25 79.75 Td (in ) Tj ET Q q 0 0 0 rg BT 397.65 79.75 Td (the ) Tj ET Q q 0 0 0 rg BT 412.48 79.75 Td (form ) Tj ET Q q 0 0 0 rg BT 434.54 79.75 Td (of ) Tj ET Q q 0 0 0 rg BT 445.49 79.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 465.88 79.75 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 509.89 79.75 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 67.75 Td (or ) Tj ET Q q 0 0 0 rg BT 91.83 67.75 Td (advances ) Tj ET Q q 0 0 0 rg BT 130.98 67.75 Td (under ) Tj ET Q q 0 0 0 rg BT 156.24 67.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 199.84 67.75 Td (restrictions. ) Tj ET Q endstream endobj 307 0 obj <>] /Rotate 0 /Contents 308 0 R>> endobj 308 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 714.60 Td (\(10\) ) Tj ET Q q 0 0 0 rg BT 100.16 714.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 126.55 714.60 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 695.60 Td (On ) Tj ET Q q 0 0 0 rg BT 118.01 695.60 Td (November ) Tj ET Q q 0 0 0 rg BT 162.51 695.60 Td (7, ) Tj ET Q q 0 0 0 rg BT 172.31 695.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 197.10 695.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 215.07 695.60 Td () Tj ET Q q 0 0 0 rg BT 217.85 695.60 Td (s ) Tj ET Q q 0 0 0 rg BT 224.03 695.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 250.77 695.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.39 695.60 Td (Directors ) Tj ET Q q 0 0 0 rg BT 300.89 695.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 334.84 695.60 Td (a ) Tj ET Q q 0 0 0 rg BT 341.57 695.60 Td (long ) Tj ET Q q 0 0 0 rg BT 361.64 695.60 Td (term ) Tj ET Q q 0 0 0 rg BT 382.25 695.60 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 431.75 695.60 Td (incentive ) Tj ET Q q 0 0 0 rg BT 470.70 695.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 490.21 695.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 508.05 695.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.00 695.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 683.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 105.19 683.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 132.16 683.60 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 173.55 683.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 199.95 683.60 Td (or ) Tj ET Q q 0 0 0 rg BT 212.47 683.60 Td (the ) Tj ET Q q 0 0 0 rg BT 228.88 683.60 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 274.18 683.60 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 303.91 683.60 Td (under ) Tj ET Q q 0 0 0 rg BT 330.87 683.60 Td (which ) Tj ET Q q 0 0 0 rg BT 359.50 683.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 390.89 683.60 Td (of) Tj ET Q q 0 0 0 rg BT 399.04 683.60 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 427.93 683.60 Td (employees, ) Tj ET Q q 0 0 0 rg BT 477.39 683.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 516.56 683.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 671.60 Td (consultants ) Tj ET Q q 0 0 0 rg BT 128.71 671.60 Td (are ) Tj ET Q q 0 0 0 rg BT 143.63 671.60 Td (eligible ) Tj ET Q q 0 0 0 rg BT 176.34 671.60 Td (to ) Tj ET Q q 0 0 0 rg BT 186.83 671.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 218.41 671.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 246.12 671.60 Td (based ) Tj ET Q q 0 0 0 rg BT 271.60 671.60 Td (awards. ) Tj ET Q q 0 0 0 rg BT 305.14 671.60 Td ( ) Tj ET Q q 0 0 0 rg BT 307.65 671.60 Td (The ) Tj ET Q q 0 0 0 rg BT 325.92 671.60 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 365.30 671.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 385.79 671.60 Td (was ) Tj ET Q q 0 0 0 rg BT 404.06 671.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 443.98 671.60 Td (by ) Tj ET Q q 0 0 0 rg BT 456.70 671.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.63 671.60 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 521.00 671.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 659.60 Td (November ) Tj ET Q q 0 0 0 rg BT 124.99 659.60 Td (19, ) Tj ET Q q 0 0 0 rg BT 139.28 659.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 163.57 659.60 Td (became ) Tj ET Q q 0 0 0 rg BT 195.88 659.60 Td (ef) Tj ET Q q 0 0 0 rg BT 203.47 659.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 232.46 659.60 Td (on ) Tj ET Q q 0 0 0 rg BT 244.25 659.60 Td (December ) Tj ET Q q 0 0 0 rg BT 287.12 659.60 Td (12, ) Tj ET Q q 0 0 0 rg BT 301.40 659.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 323.19 659.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.41 659.60 Td (expires ) Tj ET Q q 0 0 0 rg BT 370.08 659.60 Td (in ) Tj ET Q q 0 0 0 rg BT 379.64 659.60 Td (December ) Tj ET Q q 0 0 0 rg BT 422.51 659.60 Td (2023. ) Tj ET Q q 0 0 0 rg BT 446.80 659.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 464.77 659.60 Td () Tj ET Q q 0 0 0 rg BT 467.55 659.60 Td (s ) Tj ET Q q 0 0 0 rg BT 473.23 659.60 Td (Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 647.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 127.89 647.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 167.54 647.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.21 647.60 Td (granting ) Tj ET Q q 0 0 0 rg BT 217.98 647.60 Td (of ) Tj ET Q q 0 0 0 rg BT 228.76 647.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 259.52 647.60 Td (under ) Tj ET Q q 0 0 0 rg BT 284.74 647.60 Td (the ) Tj ET Q q 0 0 0 rg BT 299.41 647.60 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 338.52 647.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 358.75 647.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.98 647.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 398.63 647.60 Td (employees, ) Tj ET Q q 0 0 0 rg BT 446.34 647.60 Td (of) Tj ET Q q 0 0 0 rg BT 454.49 647.60 Td (ficers ) Tj ET Q q 0 0 0 rg BT 479.14 647.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.03 647.60 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 635.60 Td (\(other ) Tj ET Q q 0 0 0 rg BT 107.80 635.60 Td (than ) Tj ET Q q 0 0 0 rg BT 127.93 635.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.07 635.60 Td (members ) Tj ET Q q 0 0 0 rg BT 182.65 635.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.90 635.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.03 635.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 269.73 635.60 Td (Committee\). ) Tj ET Q q 0 0 0 rg BT 322.91 635.60 Td (In ) Tj ET Q q 0 0 0 rg BT 334.16 635.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 372.36 635.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 390.33 635.60 Td () Tj ET Q q 0 0 0 rg BT 393.11 635.60 Td (s ) Tj ET Q q 0 0 0 rg BT 399.92 635.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 427.28 635.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.53 635.60 Td (Directors ) Tj ET Q q 0 0 0 rg BT 478.66 635.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 518.78 635.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 623.60 Td (granting ) Tj ET Q q 0 0 0 rg BT 117.53 623.60 Td (of ) Tj ET Q q 0 0 0 rg BT 129.07 623.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 160.59 623.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.58 623.60 Td (members ) Tj ET Q q 0 0 0 rg BT 211.44 623.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.97 623.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 240.95 623.60 Td () Tj ET Q q 0 0 0 rg BT 243.72 623.60 Td (s ) Tj ET Q q 0 0 0 rg BT 250.82 623.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 311.80 623.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 359.44 623.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 378.20 623.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 443.61 623.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 490.55 623.60 Td (A) Tj ET Q q 0 0 0 rg BT 496.85 623.60 Td (wards\). ) Tj ET Q q 0 0 0 rg BT 533.51 623.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 611.60 Td (The ) Tj ET Q q 0 0 0 rg BT 99.63 611.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 160.49 611.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 207.33 611.60 Td (A) Tj ET Q q 0 0 0 rg BT 213.64 611.60 Td (wards ) Tj ET Q q 0 0 0 rg BT 240.60 611.60 Td (were ) Tj ET Q q 0 0 0 rg BT 263.12 611.60 Td (not ) Tj ET Q q 0 0 0 rg BT 278.98 611.60 Td (made ) Tj ET Q q 0 0 0 rg BT 303.72 611.60 Td (under ) Tj ET Q q 0 0 0 rg BT 329.57 611.60 Td (the ) Tj ET Q q 0 0 0 rg BT 344.88 611.60 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 384.63 611.60 Td (Plan; ) Tj ET Q q 0 0 0 rg BT 408.27 611.60 Td (however) Tj ET Q q 0 0 0 rg BT 442.30 611.60 Td (, ) Tj ET Q q 0 0 0 rg BT 447.89 611.60 Td (these ) Tj ET Q q 0 0 0 rg BT 471.52 611.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 502.92 611.60 Td (will ) Tj ET Q q 0 0 0 rg BT 521.56 611.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 599.60 Td (construed ) Tj ET Q q 0 0 0 rg BT 122.33 599.60 Td (and ) Tj ET Q q 0 0 0 rg BT 139.21 599.60 Td (administered ) Tj ET Q q 0 0 0 rg BT 193.31 599.60 Td (as ) Tj ET Q q 0 0 0 rg BT 204.09 599.60 Td (if ) Tj ET Q q 0 0 0 rg BT 212.65 599.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 243.42 599.60 Td (to ) Tj ET Q q 0 0 0 rg BT 253.65 599.60 Td (the ) Tj ET Q q 0 0 0 rg BT 268.31 599.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 292.98 599.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.76 599.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.42 599.60 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 357.54 599.60 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 380.27 599.60 Td ( ) Tj ET Q q 0 0 0 rg BT 382.72 599.60 Td ( ) Tj ET Q q 0 0 0 rg BT 385.17 599.60 Td (In ) Tj ET Q q 0 0 0 rg BT 395.95 599.60 Td (February ) Tj ET Q q 0 0 0 rg BT 434.49 599.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 459.44 599.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.11 599.60 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 513.23 599.60 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 587.60 Td (was ) Tj ET Q q 0 0 0 rg BT 99.63 587.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 138.79 587.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.65 587.60 Td (permit ) Tj ET Q q 0 0 0 rg BT 178.82 587.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.11 587.60 Td (members ) Tj ET Q q 0 0 0 rg BT 233.84 587.60 Td (of ) Tj ET Q q 0 0 0 rg BT 245.25 587.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 263.22 587.60 Td () Tj ET Q q 0 0 0 rg BT 266.00 587.60 Td (s ) Tj ET Q q 0 0 0 rg BT 272.96 587.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 333.81 587.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 381.32 587.60 Td (to ) Tj ET Q q 0 0 0 rg BT 392.17 587.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 424.11 587.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 455.50 587.60 Td (thereunder) Tj ET Q q 0 0 0 rg BT 497.71 587.60 Td (. ) Tj ET Q q 0 0 0 rg BT 503.28 587.60 Td ( ) Tj ET Q q 0 0 0 rg BT 506.35 587.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 524.33 587.60 Td () Tj ET Q q 0 0 0 rg BT 527.11 587.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 575.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 108.22 575.60 Td (of ) Tj ET Q q 0 0 0 rg BT 119.34 575.60 Td (Directors ) Tj ET Q q 0 0 0 rg BT 159.33 575.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.56 575.60 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 226.00 575.60 Td (also ) Tj ET Q q 0 0 0 rg BT 244.89 575.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 284.88 575.60 Td (the ) Tj ET Q q 0 0 0 rg BT 299.89 575.60 Td (granting ) Tj ET Q q 0 0 0 rg BT 336.00 575.60 Td (of ) Tj ET Q q 0 0 0 rg BT 347.11 575.60 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 397.10 575.60 Td (common ) Tj ET Q q 0 0 0 rg BT 434.88 575.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 462.66 575.60 Td (to ) Tj ET Q q 0 0 0 rg BT 473.22 575.60 Td (its ) Tj ET Q q 0 0 0 rg BT 485.46 575.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 523.23 575.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 563.60 Td (lieu ) Tj ET Q q 0 0 0 rg BT 99.55 563.60 Td (of ) Tj ET Q q 0 0 0 rg BT 111.43 563.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 132.75 563.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 191.85 563.60 Td (at ) Tj ET Q q 0 0 0 rg BT 202.62 563.60 Td (the ) Tj ET Q q 0 0 0 rg BT 218.39 563.60 Td (election ) Tj ET Q q 0 0 0 rg BT 253.60 563.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.48 563.60 Td (each ) Tj ET Q q 0 0 0 rg BT 287.35 563.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 331.45 563.60 Td (director ) Tj ET Q q 0 0 0 rg BT 366.10 563.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 385.20 563.60 Td (Unrestricted ) Tj ET Q q 0 0 0 rg BT 442.62 563.60 Td (Share ) Tj ET Q q 0 0 0 rg BT 468.16 563.60 Td (A) Tj ET Q q 0 0 0 rg BT 474.46 563.60 Td (wards\). ) Tj ET Q q 0 0 0 rg BT 512.16 563.60 Td ( ) Tj ET Q q 0 0 0 rg BT 515.46 563.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 551.60 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 120.33 551.60 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 143.26 551.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 203.69 551.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 250.20 551.60 Td (A) Tj ET Q q 0 0 0 rg BT 256.50 551.60 Td (wards ) Tj ET Q q 0 0 0 rg BT 283.04 551.60 Td (and ) Tj ET Q q 0 0 0 rg BT 300.14 551.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.01 551.60 Td (Unrestricted ) Tj ET Q q 0 0 0 rg BT 367.09 551.60 Td (Share ) Tj ET Q q 0 0 0 rg BT 391.93 551.60 Td (A) Tj ET Q q 0 0 0 rg BT 398.23 551.60 Td (wards ) Tj ET Q q 0 0 0 rg BT 424.77 551.60 Td (are ) Tj ET Q q 0 0 0 rg BT 439.63 551.60 Td (collectively ) Tj ET Q q 0 0 0 rg BT 488.93 551.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 523.23 551.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 539.60 Td (as ) Tj ET Q q 0 0 0 rg BT 93.13 539.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.15 539.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 132.11 539.60 Td ( ) Tj ET Q q 0 0 0 rg BT 135.92 539.60 Td (Plans. ) Tj ET Q q 0 0 0 rg BT 168.33 539.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 194.91 539.60 Td (options, ) Tj ET Q q 0 0 0 rg BT 230.66 539.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 271.67 539.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 296.58 539.60 Td (and ) Tj ET Q q 0 0 0 rg BT 314.82 539.60 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 365.82 539.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 390.74 539.60 Td (awarded ) Tj ET Q q 0 0 0 rg BT 428.41 539.60 Td (under ) Tj ET Q q 0 0 0 rg BT 454.98 539.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.00 539.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 489.52 539.60 Td ( ) Tj ET Q q 0 0 0 rg BT 493.32 539.60 Td (Plans ) Tj ET Q q 0 0 0 rg BT 518.79 539.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 527.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 123.85 527.60 Td (for ) Tj ET Q q 0 0 0 rg BT 137.83 527.60 Td (as ) Tj ET Q q 0 0 0 rg BT 148.47 527.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 175.79 527.60 Td (awards. ) Tj ET Q q 0 0 0 rg BT 208.92 527.60 Td ( ) Tj ET Q q 0 0 0 rg BT 210.73 527.60 Td (As ) Tj ET Q q 0 0 0 rg BT 224.16 527.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.81 527.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.34 527.60 Td (date ) Tj ET Q q 0 0 0 rg BT 268.31 527.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.84 527.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 306.27 527.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 336.91 527.60 Td (are ) Tj ET Q q 0 0 0 rg BT 351.43 527.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 390.96 527.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.71 527.60 Td (communicated ) Tj ET Q q 0 0 0 rg BT 468.89 527.60 Td (to ) Tj ET Q q 0 0 0 rg BT 478.99 527.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.52 527.60 Td (recipient, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 515.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.09 515.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 112.85 515.60 Td (value ) Tj ET Q q 0 0 0 rg BT 137.38 515.60 Td (of ) Tj ET Q q 0 0 0 rg BT 148.59 515.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 172.57 515.60 Td (options ) Tj ET Q q 0 0 0 rg BT 204.90 515.60 Td (is ) Tj ET Q q 0 0 0 rg BT 214.45 515.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 262.31 515.60 Td (using ) Tj ET Q q 0 0 0 rg BT 286.85 515.60 Td (a ) Tj ET Q q 0 0 0 rg BT 294.17 515.60 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 354.81 515.60 Td (options ) Tj ET Q q 0 0 0 rg BT 387.14 515.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 427.23 515.60 Td (methodology) Tj ET Q q 0 0 0 rg BT 479.35 515.60 Td (, ) Tj ET Q q 0 0 0 rg BT 484.73 515.60 Td (and ) Tj ET Q q 0 0 0 rg BT 502.04 515.60 Td (the ) Tj ET Q q 0 0 0 rg BT 517.14 515.60 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 503.60 Td (value ) Tj ET Q q 0 0 0 rg BT 104.98 503.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.64 503.60 Td (other ) Tj ET Q q 0 0 0 rg BT 138.51 503.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 161.94 503.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 192.59 503.60 Td (is ) Tj ET Q q 0 0 0 rg BT 201.58 503.60 Td (based ) Tj ET Q q 0 0 0 rg BT 226.68 503.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 249.00 503.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.55 503.60 Td (market ) Tj ET Q q 0 0 0 rg BT 293.64 503.60 Td (value ) Tj ET Q q 0 0 0 rg BT 317.62 503.60 Td (of ) Tj ET Q q 0 0 0 rg BT 328.27 503.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.82 503.60 Td (stock. ) Tj ET Q q 0 0 0 rg BT 368.75 503.60 Td ( ) Tj ET Q q 0 0 0 rg BT 370.91 503.60 Td (The ) Tj ET Q q 0 0 0 rg BT 388.78 503.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 404.98 503.60 Td (value ) Tj ET Q q 0 0 0 rg BT 428.96 503.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.62 503.60 Td (the ) Tj ET Q q 0 0 0 rg BT 454.16 503.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 484.81 503.60 Td (is ) Tj ET Q q 0 0 0 rg BT 493.80 503.60 Td (expensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 491.60 Td (over ) Tj ET Q q 0 0 0 rg BT 101.92 491.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.28 491.60 Td (service ) Tj ET Q q 0 0 0 rg BT 148.74 491.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 179.94 491.60 Td (which ) Tj ET Q q 0 0 0 rg BT 207.52 491.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 247.87 491.60 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 299.34 491.60 Td (to ) Tj ET Q q 0 0 0 rg BT 310.26 491.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.63 491.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 357.66 491.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 388.85 491.60 Td (and ) Tj ET Q q 0 0 0 rg BT 406.44 491.60 Td (is ) Tj ET Q q 0 0 0 rg BT 416.26 491.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 463.27 491.60 Td (as ) Tj ET Q q 0 0 0 rg BT 474.74 491.60 Td (an ) Tj ET Q q 0 0 0 rg BT 487.33 491.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 523.23 491.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 479.60 Td (Additional ) Tj ET Q q 0 0 0 rg BT 126.91 479.60 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 158.37 479.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 188.15 479.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.07 479.60 Td (stockholders) Tj ET Q q 0 0 0 rg BT 252.20 479.60 Td ( ) Tj ET Q q 0 0 0 rg BT 255.34 479.60 Td (equity) Tj ET Q q 0 0 0 rg BT 279.68 479.60 Td (. ) Tj ET Q q 0 0 0 rg BT 285.32 479.60 Td ( ) Tj ET Q q 0 0 0 rg BT 287.76 479.60 Td (At ) Tj ET Q q 0 0 0 rg BT 300.89 479.60 Td (this ) Tj ET Q q 0 0 0 rg BT 318.48 479.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 341.89 479.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 360.41 479.60 Td ( ) Tj ET Q q 0 0 0 rg BT 363.54 479.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 387.78 479.60 Td (to ) Tj ET Q q 0 0 0 rg BT 398.70 479.60 Td (issue ) Tj ET Q q 0 0 0 rg BT 421.83 479.60 Td (new ) Tj ET Q q 0 0 0 rg BT 441.63 479.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 469.75 479.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.66 479.60 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 509.91 479.60 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 467.60 Td (option ) Tj ET Q q 0 0 0 rg BT 108.94 467.60 Td (exercises, ) Tj ET Q q 0 0 0 rg BT 150.47 467.60 Td (but ) Tj ET Q q 0 0 0 rg BT 165.63 467.60 Td (may ) Tj ET Q q 0 0 0 rg BT 185.22 467.60 Td (use ) Tj ET Q q 0 0 0 rg BT 200.94 467.60 Td (treasury ) Tj ET Q q 0 0 0 rg BT 235.53 467.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 262.90 467.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 299.70 467.60 Td (under ) Tj ET Q q 0 0 0 rg BT 324.85 467.60 Td (the ) Tj ET Q q 0 0 0 rg BT 339.45 467.60 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 385.14 467.60 Td (program ) Tj ET Q q 0 0 0 rg BT 421.40 467.60 Td (authorized ) Tj ET Q q 0 0 0 rg BT 465.98 467.60 Td (on ) Tj ET Q q 0 0 0 rg BT 478.36 467.60 Td (September ) Tj ET Q q 0 0 0 rg BT 523.51 467.60 Td (2, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 455.60 Td (2014. ) Tj ET Q q 0 0 0 rg BT 106.98 455.60 Td (In ) Tj ET Q q 0 0 0 rg BT 118.78 455.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 146.70 455.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 178.49 455.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 204.47 455.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 222.99 455.60 Td ( ) Tj ET Q q 0 0 0 rg BT 226.46 455.60 Td (decided ) Tj ET Q q 0 0 0 rg BT 261.03 455.60 Td (to ) Tj ET Q q 0 0 0 rg BT 272.29 455.60 Td (settle ) Tj ET Q q 0 0 0 rg BT 296.87 455.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.56 455.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 367.12 455.60 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 411.14 455.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 437.40 455.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 458.65 455.60 Td (\(PRSU\) ) Tj ET Q q 0 0 0 rg BT 502.68 455.60 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 443.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 113.66 443.60 Td (under ) Tj ET Q q 0 0 0 rg BT 139.11 443.60 Td (the ) Tj ET Q q 0 0 0 rg BT 154.00 443.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 172.52 443.60 Td ( ) Tj ET Q q 0 0 0 rg BT 175.20 443.60 Td (Plans ) Tj ET Q q 0 0 0 rg BT 199.55 443.60 Td (in ) Tj ET Q q 0 0 0 rg BT 210.00 443.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.45 443.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 253.13 443.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 284.69 443.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 304.31 443.60 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 345.57 443.60 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 393.78 443.60 Td (these ) Tj ET Q q 0 0 0 rg BT 417.00 443.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 448.00 443.60 Td (from ) Tj ET Q q 0 0 0 rg BT 470.11 443.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 497.79 443.60 Td (to ) Tj ET Q q 0 0 0 rg BT 508.24 443.60 Td (Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 431.60 Td (Liabilities. ) Tj ET Q q 0 0 0 rg BT 127.42 431.60 Td (The ) Tj ET Q q 0 0 0 rg BT 146.60 431.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 181.34 431.60 Td (for ) Tj ET Q q 0 0 0 rg BT 196.63 431.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.48 431.60 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 245.02 431.60 Td (was ) Tj ET Q q 0 0 0 rg BT 264.20 431.60 Td (valued ) Tj ET Q q 0 0 0 rg BT 294.49 431.60 Td (at ) Tj ET Q q 0 0 0 rg BT 305.34 431.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 322.85 431.60 Td (value ) Tj ET Q q 0 0 0 rg BT 348.14 431.60 Td (\(market ) Tj ET Q q 0 0 0 rg BT 382.87 431.60 Td (value ) Tj ET Q q 0 0 0 rg BT 408.15 431.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.12 431.60 Td (the ) Tj ET Q q 0 0 0 rg BT 435.97 431.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 482.92 431.60 Td (stock\) ) Tj ET Q q 0 0 0 rg BT 511.00 431.60 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 419.60 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 143.75 419.60 Td (which ) Tj ET Q q 0 0 0 rg BT 170.41 419.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 204.29 419.60 Td (in ) Tj ET Q q 0 0 0 rg BT 214.29 419.60 Td (the ) Tj ET Q q 0 0 0 rg BT 228.72 419.60 Td (recognition ) Tj ET Q q 0 0 0 rg BT 276.49 419.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.04 419.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 329.25 419.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 387.02 419.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 405.35 419.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.90 419.60 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.90 419.60 Td (. ) Tj ET Q q 0 0 0 rg BT 430.46 419.60 Td (The ) Tj ET Q q 0 0 0 rg BT 448.23 419.60 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 479.35 419.60 Td (became ) Tj ET Q q 0 0 0 rg BT 512.11 419.60 Td (fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 407.60 Td (vested ) Tj ET Q q 0 0 0 rg BT 109.02 407.60 Td (as ) Tj ET Q q 0 0 0 rg BT 119.83 407.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.64 407.60 Td (September ) Tj ET Q q 0 0 0 rg BT 175.88 407.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 190.86 407.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 213.34 407.60 Td (with ) Tj ET Q q 0 0 0 rg BT 233.60 407.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 270.51 407.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 316.85 407.60 Td (to ) Tj ET Q q 0 0 0 rg BT 327.11 407.60 Td (be ) Tj ET Q q 0 0 0 rg BT 339.02 407.60 Td (made ) Tj ET Q q 0 0 0 rg BT 363.16 407.60 Td (in ) Tj ET Q q 0 0 0 rg BT 373.41 407.60 Td (November ) Tj ET Q q 0 0 0 rg BT 418.10 407.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 440.58 407.60 Td (based ) Tj ET Q q 0 0 0 rg BT 465.82 407.60 Td (on ) Tj ET Q q 0 0 0 rg BT 478.30 407.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.00 407.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.35 407.60 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 395.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 395.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.55 395.60 Td (award ) Tj ET Q q 0 0 0 rg BT 133.48 395.60 Td (at ) Tj ET Q q 0 0 0 rg BT 143.19 395.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.91 395.60 Td (time ) Tj ET Q q 0 0 0 rg BT 178.18 395.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.01 395.60 Td (settlement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 376.60 Td (Prior ) Tj ET Q q 0 0 0 rg BT 127.43 376.60 Td (to ) Tj ET Q q 0 0 0 rg BT 139.13 376.60 Td (November ) Tj ET Q q 0 0 0 rg BT 185.27 376.60 Td (7, ) Tj ET Q q 0 0 0 rg BT 196.70 376.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 223.13 376.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 241.65 376.60 Td ( ) Tj ET Q q 0 0 0 rg BT 245.58 376.60 Td (did ) Tj ET Q q 0 0 0 rg BT 262.28 376.60 Td (not ) Tj ET Q q 0 0 0 rg BT 278.99 376.60 Td (of) Tj ET Q q 0 0 0 rg BT 287.14 376.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 302.16 376.60 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 353.30 376.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 412.77 376.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 437.81 376.60 Td (to ) Tj ET Q q 0 0 0 rg BT 449.51 376.60 Td (any ) Tj ET Q q 0 0 0 rg BT 467.88 376.60 Td (of ) Tj ET Q q 0 0 0 rg BT 480.14 376.60 Td (its ) Tj ET Q q 0 0 0 rg BT 493.51 376.60 Td (directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 364.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 126.26 364.60 Td (or ) Tj ET Q q 0 0 0 rg BT 137.09 364.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.81 364.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 189.30 364.60 Td (or ) Tj ET Q q 0 0 0 rg BT 200.13 364.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 245.39 364.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.22 364.60 Td (its ) Tj ET Q q 0 0 0 rg BT 268.17 364.60 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 320.38 364.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 345.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 121.47 345.60 Td () Tj ET Q q 0 0 0 rg BT 124.25 345.60 Td (s ) Tj ET Q q 0 0 0 rg BT 132.11 345.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 171.61 345.60 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 212.07 345.60 Td (, ) Tj ET Q q 0 0 0 rg BT 218.53 345.60 Td (FGLH, ) Tj ET Q q 0 0 0 rg BT 251.11 345.60 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 290.07 345.60 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 341.24 345.60 Td (incentive ) Tj ET Q q 0 0 0 rg BT 381.85 345.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 406.92 345.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.32 345.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 464.28 345.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 509.89 345.60 Td (plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 333.60 Td (\(DEPs\) ) Tj ET Q q 0 0 0 rg BT 122.55 333.60 Td (for ) Tj ET Q q 0 0 0 rg BT 137.44 333.60 Td (its ) Tj ET Q q 0 0 0 rg BT 150.12 333.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 196.11 333.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 214.89 333.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 248.67 333.60 Td (Plans\). ) Tj ET Q q 0 0 0 rg BT 283.13 333.60 Td (A) Tj ET Q q 0 0 0 rg BT 289.43 333.60 Td (wards ) Tj ET Q q 0 0 0 rg BT 316.54 333.60 Td (under ) Tj ET Q q 0 0 0 rg BT 342.54 333.60 Td (the ) Tj ET Q q 0 0 0 rg BT 357.99 333.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 387.33 333.60 Td (Plans ) Tj ET Q q 0 0 0 rg BT 412.23 333.60 Td (are ) Tj ET Q q 0 0 0 rg BT 427.67 333.60 Td (based ) Tj ET Q q 0 0 0 rg BT 453.67 333.60 Td (on ) Tj ET Q q 0 0 0 rg BT 466.90 333.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.34 333.60 Td (value ) Tj ET Q q 0 0 0 rg BT 507.23 333.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 333.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 321.60 Td (common ) Tj ET Q q 0 0 0 rg BT 118.25 321.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 141.62 321.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.21 321.60 Td (FGLH. ) Tj ET Q q 0 0 0 rg BT 183.09 321.60 Td (In ) Tj ET Q q 0 0 0 rg BT 193.68 321.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 218.44 321.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 246.81 321.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 294.05 321.60 Td (that ) Tj ET Q q 0 0 0 rg BT 311.30 321.60 Td (all ) Tj ET Q q 0 0 0 rg BT 323.56 321.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 350.81 321.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 381.39 321.60 Td (will ) Tj ET Q q 0 0 0 rg BT 399.21 321.60 Td (be ) Tj ET Q q 0 0 0 rg BT 410.91 321.60 Td (settled ) Tj ET Q q 0 0 0 rg BT 439.27 321.60 Td (in ) Tj ET Q q 0 0 0 rg BT 449.31 321.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 469.34 321.60 Td (when ) Tj ET Q q 0 0 0 rg BT 493.26 321.60 Td (exercised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 309.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.12 309.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 136.89 309.60 Td (are ) Tj ET Q q 0 0 0 rg BT 151.78 309.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 192.23 309.60 Td (as ) Tj ET Q q 0 0 0 rg BT 203.24 309.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 237.03 309.60 Td (plans. ) Tj ET Q q 0 0 0 rg BT 263.32 309.60 Td (For ) Tj ET Q q 0 0 0 rg BT 279.90 309.60 Td (these ) Tj ET Q q 0 0 0 rg BT 303.13 309.60 Td (awards, ) Tj ET Q q 0 0 0 rg BT 336.63 309.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.53 309.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 395.31 309.60 Td (value ) Tj ET Q q 0 0 0 rg BT 419.65 309.60 Td (is ) Tj ET Q q 0 0 0 rg BT 429.00 309.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 469.45 309.60 Td (as ) Tj ET Q q 0 0 0 rg BT 480.46 309.60 Td (a ) Tj ET Q q 0 0 0 rg BT 487.58 309.60 Td (liability) Tj ET Q q 0 0 0 rg BT 518.04 309.60 Td (, ) Tj ET Q q 0 0 0 rg BT 523.23 309.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 297.60 Td ("Other ) Tj ET Q q 0 0 0 rg BT 109.81 297.60 Td (liabilities", ) Tj ET Q q 0 0 0 rg BT 155.57 297.60 Td (on ) Tj ET Q q 0 0 0 rg BT 167.54 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.71 297.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 236.45 297.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 270.61 297.60 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 298.68 297.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.08 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 329.26 297.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 362.33 297.60 Td (is ) Tj ET Q q 0 0 0 rg BT 370.96 297.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 406.25 297.60 Td (to ) Tj ET Q q 0 0 0 rg BT 415.99 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.17 297.60 Td (current ) Tj ET Q q 0 0 0 rg BT 460.45 297.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 476.29 297.60 Td (value ) Tj ET Q q 0 0 0 rg BT 499.90 297.60 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 285.60 Td (net ) Tj ET Q q 0 0 0 rg BT 95.68 285.60 Td (income ) Tj ET Q q 0 0 0 rg BT 127.58 285.60 Td (at ) Tj ET Q q 0 0 0 rg BT 137.26 285.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.95 285.60 Td (end ) Tj ET Q q 0 0 0 rg BT 168.85 285.60 Td (of ) Tj ET Q q 0 0 0 rg BT 179.65 285.60 Td (each ) Tj ET Q q 0 0 0 rg BT 200.43 285.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 239.55 285.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 270.06 285.60 Td (which ) Tj ET Q q 0 0 0 rg BT 296.97 285.60 Td (causes ) Tj ET Q q 0 0 0 rg BT 325.53 285.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 364.11 285.60 Td (in ) Tj ET Q q 0 0 0 rg BT 374.35 285.60 Td (net ) Tj ET Q q 0 0 0 rg BT 389.03 285.60 Td (income ) Tj ET Q q 0 0 0 rg BT 420.93 285.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 445.62 285.60 Td (as ) Tj ET Q q 0 0 0 rg BT 456.42 285.60 Td (a ) Tj ET Q q 0 0 0 rg BT 463.32 285.60 Td (result ) Tj ET Q q 0 0 0 rg BT 488.00 285.60 Td (of ) Tj ET Q q 0 0 0 rg BT 498.80 285.60 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.84 273.60 Td (the ) Tj ET Q q 0 0 0 rg BT 107.11 273.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 124.05 273.60 Td (value ) Tj ET Q q 0 0 0 rg BT 148.76 273.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.15 273.60 Td (FGLH) Tj ET Q q 0 0 0 rg BT 189.04 273.60 Td (s ) Tj ET Q q 0 0 0 rg BT 195.99 273.60 Td (stock. ) Tj ET Q q 0 0 0 rg BT 222.43 273.60 Td (The ) Tj ET Q q 0 0 0 rg BT 241.04 273.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 257.97 273.60 Td (value ) Tj ET Q q 0 0 0 rg BT 282.69 273.60 Td (of ) Tj ET Q q 0 0 0 rg BT 294.08 273.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 318.24 273.60 Td (options ) Tj ET Q q 0 0 0 rg BT 350.75 273.60 Td (is ) Tj ET Q q 0 0 0 rg BT 360.48 273.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 408.52 273.60 Td (using ) Tj ET Q q 0 0 0 rg BT 433.24 273.60 Td (a ) Tj ET Q q 0 0 0 rg BT 440.74 273.60 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 501.56 273.60 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 120.98 261.60 Td (methodology ) Tj ET Q q 0 0 0 rg BT 176.52 261.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.73 261.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.71 261.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 225.36 261.60 Td (value ) Tj ET Q q 0 0 0 rg BT 249.78 261.60 Td (of ) Tj ET Q q 0 0 0 rg BT 260.88 261.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 300.85 261.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 324.73 261.60 Td (units ) Tj ET Q q 0 0 0 rg BT 346.95 261.60 Td (is ) Tj ET Q q 0 0 0 rg BT 356.39 261.60 Td (based ) Tj ET Q q 0 0 0 rg BT 381.92 261.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 404.69 261.60 Td (the ) Tj ET Q q 0 0 0 rg BT 419.68 261.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 436.32 261.60 Td (value ) Tj ET Q q 0 0 0 rg BT 460.75 261.60 Td (of ) Tj ET Q q 0 0 0 rg BT 471.84 261.60 Td (FGLH) Tj ET Q q 0 0 0 rg BT 500.74 261.60 Td (s ) Tj ET Q q 0 0 0 rg BT 507.40 261.60 Td (stock. ) Tj ET Q q 0 0 0 rg BT 533.50 261.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 249.60 Td (In ) Tj ET Q q 0 0 0 rg BT 91.03 249.60 Td (November ) Tj ET Q q 0 0 0 rg BT 134.94 249.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 159.15 249.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.07 249.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 200.88 249.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 223.69 249.60 Td (were ) Tj ET Q q 0 0 0 rg BT 244.83 249.60 Td (frozen ) Tj ET Q q 0 0 0 rg BT 272.07 249.60 Td (and ) Tj ET Q q 0 0 0 rg BT 288.21 249.60 Td (no ) Tj ET Q q 0 0 0 rg BT 299.91 249.60 Td (new ) Tj ET Q q 0 0 0 rg BT 318.27 249.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 348.30 249.60 Td (will ) Tj ET Q q 0 0 0 rg BT 365.56 249.60 Td (be ) Tj ET Q q 0 0 0 rg BT 376.70 249.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 408.39 249.60 Td (under ) Tj ET Q q 0 0 0 rg BT 432.86 249.60 Td (these ) Tj ET Q q 0 0 0 rg BT 455.11 249.60 Td (plans. ) Tj ET Q q 0 0 0 rg BT 480.42 249.60 Td ( ) Tj ET Q q 0 0 0 rg BT 482.12 249.60 Td (Outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 237.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 112.08 237.60 Td (will ) Tj ET Q q 0 0 0 rg BT 130.39 237.60 Td (be ) Tj ET Q q 0 0 0 rg BT 142.58 237.60 Td (permitted ) Tj ET Q q 0 0 0 rg BT 183.66 237.60 Td (to ) Tj ET Q q 0 0 0 rg BT 194.19 237.60 Td (vest ) Tj ET Q q 0 0 0 rg BT 213.05 237.60 Td (in ) Tj ET Q q 0 0 0 rg BT 223.59 237.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 271.30 237.60 Td (with ) Tj ET Q q 0 0 0 rg BT 291.84 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.81 237.60 Td (award ) Tj ET Q q 0 0 0 rg BT 333.99 237.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 382.28 237.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.48 237.60 Td (will ) Tj ET Q q 0 0 0 rg BT 417.79 237.60 Td (be ) Tj ET Q q 0 0 0 rg BT 429.98 237.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 450.51 237.60 Td (settled ) Tj ET Q q 0 0 0 rg BT 479.36 237.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 502.12 237.60 Td (vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 225.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.83 225.60 Td (exercise. ) Tj ET Q q 0 0 0 rg BT 129.58 225.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 201.60 Td (As described under Recent ) Tj ET Q q 0 0 0 rg BT 217.35 201.60 Td (Accounting Pronouncements in Note 2, the Company early adopted ) Tj ET Q q 0 0 0 rg BT 494.51 201.60 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 189.60 Td (2016-09 ef) Tj ET Q q 0 0 0 rg BT 124.42 189.60 Td (fective October 1, 2015. ) Tj ET Q q 0 0 0 rg BT 226.15 189.60 Td (The Company elected to account for forfeitures as they occur) Tj ET Q q 0 0 0 rg BT 470.77 189.60 Td (. ) Tj ET Q q 0 0 0 rg BT 475.59 189.60 Td (The adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 177.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.28 177.60 Td (ASU 2016-09 did not have a material ef) Tj ET Q q 0 0 0 rg BT 251.33 177.60 Td (fect on the Company) Tj ET Q q 0 0 0 rg BT 337.70 177.60 Td (s financial statements and related disclosures.) Tj ET Q endstream endobj 309 0 obj <>] /Rotate 0 /Contents 310 0 R>> endobj 310 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (The Company recognized total stock compensation expense related to the FGL) Tj ET Q q 0 0 0 rg BT 419.14 742.10 Td ( Plans and FGLH Plans as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 678.60 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 678.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 678.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 678.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 678.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 678.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 678.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 652.60 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 652.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 652.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 652.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 652.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 652.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 652.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 626.60 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 626.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 626.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 626.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 626.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 626.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 626.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 600.60 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 600.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 600.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 600.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 600.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 600.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 600.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 574.60 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 574.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 574.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 574.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 574.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 574.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 574.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 540.60 309.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 540.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 540.60 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 540.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 540.60 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 540.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 540.60 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 506.60 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 506.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 506.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 506.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 480.60 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 480.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 480.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 480.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 480.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 480.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 480.60 43.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 697.6 m 436.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 697.6 m 440.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 697.6 m 483.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 697.6 m 487.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 697.6 m 530.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 678.6 m 436.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 678.6 m 483.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 678.6 m 530.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 678.6 m 436.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 678.6 m 483.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 678.6 m 530.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 613.6 m 436.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 613.6 m 483.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 613.6 m 530.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 506.6 m 436.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 506.6 m 483.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 506.6 m 530.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 493.6 m 436.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 493.6 m 483.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 493.6 m 530.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 480.6 m 436.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 480.6 m 483.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 480.6 m 530.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 467.6 m 436.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 467.6 m 483.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 467.6 m 530.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 467.6 m 436.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 455.6 m 436.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 453.6 m 436.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 467.6 m 483.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 455.6 m 483.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 453.6 m 483.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 467.6 m 530.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 455.6 m 530.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 453.6 m 530.5 453.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.95 701.83 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.50 682.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.50 682.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.50 682.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 669.83 Td (FGL Plans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 656.85 Td (Stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 656.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 656.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.00 656.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 656.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 656.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 656.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 643.85 Td (Restricted shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 643.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 643.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 643.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 630.85 Td (Performance restricted stock units) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 630.85 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 630.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 630.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 617.85 Td (Unrestricted shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 617.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 617.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 617.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 604.85 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 604.85 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 604.85 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 591.83 Td (FGLH Plans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 578.85 Td (Stock Incentive Plan - stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 578.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 578.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 578.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 565.85 Td (2011 DEP) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 565.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 565.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 565.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 544.85 Td (Amended and Restated Stock Incentive Plan - stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 544.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 544.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 544.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 523.85 Td (Amended and Restated Stock Incentive Plan - restricted stock units) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 523.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 523.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 523.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 510.85 Td (2012 DEP) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 510.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 510.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 510.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 497.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 497.85 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 497.85 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 484.85 Td (Total stock compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 484.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 484.85 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 484.85 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 471.85 Td (Related tax benefit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 471.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 471.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 471.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.00 458.85 Td (Net stock compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 458.85 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 458.85 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 458.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 458.85 Td (11) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 431.10 Td (The stock compensation expense is included in "Acquisition and operating expenses, net of deferrals" in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 419.10 Td (the Consolidated Statements of Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 400.10 Td (T) Tj ET Q q 0 0 0 rg BT 108.91 400.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 125.56 400.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 182.76 400.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 216.62 400.10 Td (related ) Tj ET Q q 0 0 0 rg BT 245.47 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.91 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.78 400.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 287.30 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.95 400.10 Td (Plans ) Tj ET Q q 0 0 0 rg BT 312.28 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.37 400.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 356.14 400.10 Td (Plans ) Tj ET Q q 0 0 0 rg BT 379.46 400.10 Td (not ) Tj ET Q q 0 0 0 rg BT 393.89 400.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 407.76 400.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 453.28 400.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.27 400.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.25 400.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 388.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.44 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.16 388.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 208.72 388.10 Td (period ) Tj ET Q q 0 0 0 rg BT 236.77 388.10 Td (over ) Tj ET Q q 0 0 0 rg BT 257.04 388.10 Td (which ) Tj ET Q q 0 0 0 rg BT 283.98 388.10 Td (this ) Tj ET Q q 0 0 0 rg BT 300.93 388.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 335.63 388.10 Td (will ) Tj ET Q q 0 0 0 rg BT 353.69 388.10 Td (be ) Tj ET Q q 0 0 0 rg BT 365.63 388.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 411.99 388.10 Td (are ) Tj ET Q q 0 0 0 rg BT 426.70 388.10 Td (as ) Tj ET Q q 0 0 0 rg BT 437.53 388.10 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 326.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 326.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 326.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 326.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 326.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 300.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 300.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 300.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 300.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 300.60 75.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 339.6 m 451.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 339.6 m 530.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 339.6 m 451.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 339.6 m 530.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 300.6 m 451.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 300.6 m 530.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 288.6 m 451.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 286.6 m 451.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 288.6 m 530.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 286.6 m 530.5 286.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.00 359.83 Td (Unrecognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.80 351.83 Td (Compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.25 343.83 Td (Expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.55 359.83 Td (Weighted Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.05 351.83 Td (Recognition) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.40 343.83 Td (Period in Years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 330.83 Td (FGL Plans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 317.85 Td (Stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 317.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.30 317.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.00 317.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 304.85 Td (Restricted shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 304.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.00 304.85 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 291.83 Td (Total unrecognized stock compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 291.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 291.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.00 291.85 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 81 262.53505859375 m 126.8447265625 262.53505859375 l s q 0 0 0 rg BT 81.00 264.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 101.00 264.10 Td ( Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 243.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 121.47 243.10 Td () Tj ET Q q 0 0 0 rg BT 124.25 243.10 Td (s ) Tj ET Q q 0 0 0 rg BT 130.83 243.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 191.28 243.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 238.40 243.10 Td (is ) Tj ET Q q 0 0 0 rg BT 247.76 243.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 292.64 243.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.10 243.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 326.33 243.10 Td (up ) Tj ET Q q 0 0 0 rg BT 339.02 243.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.48 243.10 Td (2,838 ) Tj ET Q q 0 0 0 rg BT 374.66 243.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.77 243.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.45 243.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 441.13 243.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 472.14 243.10 Td (under ) Tj ET Q q 0 0 0 rg BT 497.59 243.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.49 243.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.01 243.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 231.10 Td (Plans. ) Tj ET Q q 0 0 0 rg BT 106.57 231.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.36 231.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 177.91 231.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.91 231.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.20 231.10 Td (1,159 ) Tj ET Q q 0 0 0 rg BT 226.49 231.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.60 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.39 231.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 291.18 231.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 321.29 231.10 Td (are ) Tj ET Q q 0 0 0 rg BT 335.29 231.10 Td (available ) Tj ET Q q 0 0 0 rg BT 373.17 231.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.62 231.10 Td (future ) Tj ET Q q 0 0 0 rg BT 412.29 231.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 447.96 231.10 Td (under ) Tj ET Q q 0 0 0 rg BT 472.51 231.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.52 231.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 505.04 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.83 231.10 Td (Plans. ) Tj ET Q q 0 0 0 rg BT 533.50 231.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 207.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 207.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 135.52 207.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.18 207.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.82 207.10 Td (1) Tj ET Q q 0 0 0 rg BT 175.45 207.10 Td (19 ) Tj ET Q q 0 0 0 rg BT 188.11 207.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.22 207.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.38 207.10 Td (206 ) Tj ET Q q 0 0 0 rg BT 247.04 207.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 207.10 Td (, ) Tj ET Q q 0 0 0 rg BT 288.30 207.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.40 207.10 Td (249 ) Tj ET Q q 0 0 0 rg BT 323.06 207.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.17 207.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.83 207.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 385.59 207.10 Td (options ) Tj ET Q q 0 0 0 rg BT 417.70 207.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.14 207.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 458.00 207.10 Td (of) Tj ET Q q 0 0 0 rg BT 466.15 207.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 493.51 207.10 Td (directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 195.10 Td (other ) Tj ET Q q 0 0 0 rg BT 104.00 195.10 Td (key ) Tj ET Q q 0 0 0 rg BT 120.89 195.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 166.10 195.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.99 195.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 243.22 195.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 290.11 195.10 Td (members ) Tj ET Q q 0 0 0 rg BT 329.21 195.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.44 195.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.44 195.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.39 195.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.39 195.10 Td (, ) Tj ET Q q 0 0 0 rg BT 389.34 195.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.23 195.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 428.69 195.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 476.35 195.10 Td (. ) Tj ET Q q 0 0 0 rg BT 481.30 195.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.57 195.10 Td (These ) Tj ET Q q 0 0 0 rg BT 509.90 195.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 183.10 Td (options ) Tj ET Q q 0 0 0 rg BT 113.06 183.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 131.78 183.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.16 183.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 166.43 183.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 217.37 183.10 Td (over ) Tj ET Q q 0 0 0 rg BT 237.75 183.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.80 183.10 Td (period ) Tj ET Q q 0 0 0 rg BT 272.95 183.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.89 183.10 Td (three ) Tj ET Q q 0 0 0 rg BT 306.49 183.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.59 183.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.20 183.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.25 183.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 374.84 183.10 Td (on ) Tj ET Q q 0 0 0 rg BT 387.45 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.28 183.10 Td (seventh ) Tj ET Q q 0 0 0 rg BT 435.43 183.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 484.69 183.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.63 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.46 183.10 Td (grant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 171.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 102.47 171.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.52 171.10 Td (total ) Tj ET Q q 0 0 0 rg BT 140.79 171.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 157.17 171.10 Td (value ) Tj ET Q q 0 0 0 rg BT 181.33 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.16 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.87 171.10 Td (options ) Tj ET Q q 0 0 0 rg BT 238.82 171.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 271.31 171.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.59 171.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.59 171.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.59 171.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.59 171.10 Td (, ) Tj ET Q q 0 0 0 rg BT 331.59 171.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 354.09 171.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.14 171.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.14 171.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.14 171.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.14 171.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.14 171.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.08 171.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.08 171.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.58 171.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 479.24 171.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 152.10 Td (On ) Tj ET Q q 0 0 0 rg BT 119.15 152.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 163.68 152.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 189.61 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.25 152.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 247.57 152.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 280.42 152.10 Td (into ) Tj ET Q q 0 0 0 rg BT 299.41 152.10 Td (an ) Tj ET Q q 0 0 0 rg BT 312.28 152.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 357.35 152.10 Td (with ) Tj ET Q q 0 0 0 rg BT 378.55 152.10 Td (its ) Tj ET Q q 0 0 0 rg BT 391.43 152.10 Td (former ) Tj ET Q q 0 0 0 rg BT 422.07 152.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 447.71 152.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 491.12 152.10 Td (Of) Tj ET Q q 0 0 0 rg BT 501.49 152.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 523.24 152.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 128.00 140.10 Td (with ) Tj ET Q q 0 0 0 rg BT 148.92 140.10 Td (his ) Tj ET Q q 0 0 0 rg BT 163.72 140.10 Td (resignation ) Tj ET Q q 0 0 0 rg BT 211.28 140.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 248.85 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.76 140.10 Td (which ) Tj ET Q q 0 0 0 rg BT 287.34 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.68 140.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 334.70 140.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.50 140.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 379.83 140.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 398.35 140.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.48 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.05 140.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 448.30 140.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 476.43 140.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 507.88 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.79 140.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 128.10 Td (former ) Tj ET Q q 0 0 0 rg BT 110.74 128.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 135.50 128.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 178.01 128.10 Td (Of) Tj ET Q q 0 0 0 rg BT 188.38 128.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 209.23 128.10 Td (were ) Tj ET Q q 0 0 0 rg BT 231.20 128.10 Td (accelerated. ) Tj ET Q q 0 0 0 rg BT 281.01 128.10 Td (The ) Tj ET Q q 0 0 0 rg BT 299.09 128.10 Td (former ) Tj ET Q q 0 0 0 rg BT 328.83 128.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 353.58 128.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 396.10 128.10 Td (Of) Tj ET Q q 0 0 0 rg BT 406.47 128.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 427.32 128.10 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 464.28 128.10 Td (two-thirds ) Tj ET Q q 0 0 0 rg BT 507.93 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 128.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 116.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 135.00 116.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 175.67 116.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 200.25 116.10 Td (units ) Tj ET Q q 0 0 0 rg BT 223.17 116.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 256.63 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.88 116.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 293.01 116.10 Td (year ) Tj ET Q q 0 0 0 rg BT 313.69 116.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 339.67 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.58 116.10 Td (all ) Tj ET Q q 0 0 0 rg BT 371.05 116.10 Td (other ) Tj ET Q q 0 0 0 rg BT 395.07 116.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 440.76 116.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 478.10 116.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 506.56 116.10 Td (grants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 104.10 Td (became ) Tj ET Q q 0 0 0 rg BT 113.23 104.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 140.48 104.10 Td (as ) Tj ET Q q 0 0 0 rg BT 150.50 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.53 104.10 Td (March ) Tj ET Q q 0 0 0 rg BT 188.33 104.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 202.53 104.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 229.10 104.10 Td (The ) Tj ET Q q 0 0 0 rg BT 246.35 104.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 280.80 104.10 Td (date ) Tj ET Q q 0 0 0 rg BT 299.15 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.18 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.10 104.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 371.46 104.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 394.27 104.10 Td (options ) Tj ET Q q 0 0 0 rg BT 425.41 104.10 Td (was ) Tj ET Q q 0 0 0 rg BT 442.66 104.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 480.46 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.93 104.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 97.51 92.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 126.52 92.10 Td (No ) Tj ET Q q 0 0 0 rg BT 142.75 92.10 Td (other ) Tj ET Q q 0 0 0 rg BT 167.31 92.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 193.53 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.87 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.10 92.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 251.11 92.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 283.44 92.10 Td (were ) Tj ET Q q 0 0 0 rg BT 306.87 92.10 Td (modified. ) Tj ET Q q 0 0 0 rg BT 351.70 92.10 Td (The ) Tj ET Q q 0 0 0 rg BT 371.25 92.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 414.15 92.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 462.02 92.10 Td (total ) Tj ET Q q 0 0 0 rg BT 483.81 92.10 Td (incremental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 139.04 80.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 173.75 80.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.58 80.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.58 80.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.08 80.10 Td (as ) Tj ET Q q 0 0 0 rg BT 207.91 80.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.85 80.10 Td (result ) Tj ET Q q 0 0 0 rg BT 239.56 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.39 80.10 Td (these ) Tj ET Q q 0 0 0 rg BT 273.44 80.10 Td (modifications.) Tj ET Q endstream endobj 311 0 obj <>] /Rotate 0 /Contents 312 0 R>> endobj 312 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 742.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.14 742.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 176.54 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.54 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.67 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.52 742.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 251.93 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 276.22 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.19 742.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 310.93 742.10 Td (options ) Tj ET Q q 0 0 0 rg BT 343.02 742.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 394.82 742.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 442.42 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.50 742.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 487.68 742.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.87 742.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.87 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 742.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.18 730.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.18 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 113.42 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 161.08 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 166.32 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.46 730.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.20 730.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 241.71 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.71 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.95 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.91 730.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 321.31 730.10 Td (average ) Tj ET Q q 0 0 0 rg BT 355.13 730.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 398.42 730.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 445.58 730.10 Td (term ) Tj ET Q q 0 0 0 rg BT 466.64 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.71 730.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 501.56 730.10 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 132.67 718.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 180.14 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.07 718.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 225.12 718.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.17 718.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 250.67 718.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.77 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.77 718.10 Td (4 ) Tj ET Q q 0 0 0 rg BT 284.27 718.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.37 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.87 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.81 718.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 332.31 718.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.41 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 358.41 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 406.07 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 411.07 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 699.10 Td (During ) Tj ET Q q 0 0 0 rg BT 133.86 699.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.10 699.10 Td (year ) Tj ET Q q 0 0 0 rg BT 167.34 699.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.21 699.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.24 699.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 253.03 699.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.03 699.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.56 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.81 699.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 326.61 699.10 Td (value ) Tj ET Q q 0 0 0 rg BT 350.29 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.65 699.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 383.78 699.10 Td (options ) Tj ET Q q 0 0 0 rg BT 415.26 699.10 Td (exercised, ) Tj ET Q q 0 0 0 rg BT 457.54 699.10 Td (total ) Tj ET Q q 0 0 0 rg BT 477.34 699.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 497.14 699.10 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 103.73 687.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 139.21 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.37 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.32 687.10 Td (related ) Tj ET Q q 0 0 0 rg BT 201.25 687.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 216.19 687.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 246.68 687.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.96 687.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.96 687.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.19 687.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.19 687.10 Td (, ) Tj ET Q q 0 0 0 rg BT 295.41 687.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.58 687.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.58 687.10 Td (, ) Tj ET Q q 0 0 0 rg BT 327.81 687.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 375.47 687.10 Td (. ) Tj ET Q q 0 0 0 rg BT 380.69 687.10 Td (During ) Tj ET Q q 0 0 0 rg BT 411.75 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.70 687.10 Td (year ) Tj ET Q q 0 0 0 rg BT 446.63 687.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.23 687.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 675.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.19 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.10 675.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 156.56 675.10 Td (value ) Tj ET Q q 0 0 0 rg BT 180.90 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.92 675.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 215.72 675.10 Td (options ) Tj ET Q q 0 0 0 rg BT 247.86 675.10 Td (exercised, ) Tj ET Q q 0 0 0 rg BT 290.80 675.10 Td (total ) Tj ET Q q 0 0 0 rg BT 311.26 675.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 331.72 675.10 Td (received ) Tj ET Q q 0 0 0 rg BT 368.27 675.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 390.96 675.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 426.41 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.54 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.44 675.10 Td (related ) Tj ET Q q 0 0 0 rg BT 488.33 675.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 503.24 675.10 Td (benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 115.29 663.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 663.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.50 663.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.65 663.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.65 663.10 Td (, ) Tj ET Q q 0 0 0 rg BT 163.80 663.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.89 663.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.89 663.10 Td (, ) Tj ET Q q 0 0 0 rg BT 196.04 663.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 243.70 663.10 Td (. ) Tj ET Q q 0 0 0 rg BT 248.85 663.10 Td (During ) Tj ET Q q 0 0 0 rg BT 279.83 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.70 663.10 Td (year ) Tj ET Q q 0 0 0 rg BT 314.56 663.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 341.09 663.10 Td (September ) Tj ET Q q 0 0 0 rg BT 386.50 663.10 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 663.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.31 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.17 663.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 474.60 663.10 Td (value ) Tj ET Q q 0 0 0 rg BT 498.91 663.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.89 663.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.10 Td (options ) Tj ET Q q 0 0 0 rg BT 112.95 651.10 Td (exercised, ) Tj ET Q q 0 0 0 rg BT 155.70 651.10 Td (total ) Tj ET Q q 0 0 0 rg BT 175.98 651.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 196.24 651.10 Td (received ) Tj ET Q q 0 0 0 rg BT 232.61 651.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 255.11 651.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 290.36 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.30 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.02 651.10 Td (related ) Tj ET Q q 0 0 0 rg BT 351.72 651.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 366.43 651.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 396.70 651.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.75 651.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.75 651.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.75 651.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.75 651.10 Td (, ) Tj ET Q q 0 0 0 rg BT 444.75 651.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.69 651.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.69 651.10 Td (, ) Tj ET Q q 0 0 0 rg BT 476.69 651.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 524.35 651.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 632.10 Td (A) Tj ET Q q 0 0 0 rg BT 110.17 632.10 Td ( summary of FGL) Tj ET Q q 0 0 0 rg BT 181.19 632.10 Td () Tj ET Q q 0 0 0 rg BT 183.97 632.10 Td (s outstanding stock options as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.74 632.10 Td (September30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.01 632.10 Td (, and related activity during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.10 Td (period, is as follows \(share amount in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 558.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 558.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 558.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 558.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 532.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 532.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 532.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 532.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 506.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 506.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 506.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 506.60 75.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 571.6 m 373.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 571.6 m 452.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 571.6 m 531.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 519.6 m 452.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 507.6 m 452.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 505.6 m 452.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 494.6 m 452.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 492.6 m 452.5 492.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 575.83 Td (Stock Option Awards) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.90 575.83 Td (Options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.55 583.83 Td (W) Tj ET Q q 0 0 0 rg BT 470.11 583.83 Td (eighted ) Tj ET Q q 0 0 0 rg BT 496.55 583.83 Td (A) Tj ET Q q 0 0 0 rg BT 501.74 583.83 Td (verage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.25 575.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 485.54 575.83 Td (cise Price ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 562.85 Td (Stock options outstanding at September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 562.85 Td (317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.00 562.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 562.85 Td (21.60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 549.85 Td (Granted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 549.85 Td (119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 549.85 Td (25.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 536.85 Td (Exercised) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 536.85 Td (\(77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.30 536.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 536.85 Td (24.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 523.85 Td (Forfeited or expired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 523.85 Td (\(13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.30 523.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 523.85 Td (22.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 510.85 Td (Stock options outstanding at September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 510.85 Td (346) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 510.85 Td (22.40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 497.85 Td (Vested and exercisable at September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 497.85 Td (114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 497.85 Td (19.52) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 470.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.34 470.10 Td (following ) Tj ET Q q 0 0 0 rg BT 164.51 470.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 217.25 470.10 Td (were ) Tj ET Q q 0 0 0 rg BT 239.96 470.10 Td (used ) Tj ET Q q 0 0 0 rg BT 261.58 470.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.65 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.16 470.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 346.98 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.60 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.11 470.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 397.94 470.10 Td (date ) Tj ET Q q 0 0 0 rg BT 417.88 470.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 435.05 470.10 Td (values ) Tj ET Q q 0 0 0 rg BT 463.89 470.10 Td (using ) Tj ET Q q 0 0 0 rg BT 488.84 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.35 470.10 Td (Black-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 458.10 Td (Scholes ) Tj ET Q q 0 0 0 rg BT 114.61 458.10 Td (option ) Tj ET Q q 0 0 0 rg BT 142.67 458.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 173.49 458.10 Td (model ) Tj ET Q q 0 0 0 rg BT 200.99 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.92 458.10 Td (based ) Tj ET Q q 0 0 0 rg BT 243.19 458.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.69 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.41 458.10 Td (value ) Tj ET Q q 0 0 0 rg BT 294.56 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.39 458.10 Td (FGL's ) Tj ET Q q 0 0 0 rg BT 332.48 458.10 Td (common ) Tj ET Q q 0 0 0 rg BT 369.97 458.10 Td (stock:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 425.60 213.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 425.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 425.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 425.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 399.60 213.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 399.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 399.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 399.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 373.60 213.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 373.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 373.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 373.60 79.00 -13.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.50 429.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.50 429.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.50 429.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 416.85 Td (Weighted average fair value per options granted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 416.85 Td ($1.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.50 416.85 Td ($4.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.50 416.85 Td ($3.76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 403.85 Td (Risk-free interest rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.15 403.85 Td (0.42%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 403.85 Td (1.41%-1.50%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.50 403.85 Td (1.40% - 1.41%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 390.85 Td (Assumed dividend yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.15 390.85 Td (1.14%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 390.85 Td (1.18%-1.19%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.50 390.85 Td (1.30%-1.50%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 377.85 Td (Expected option term) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.05 377.85 Td (0.5 years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.05 377.85 Td (4.5 years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.05 377.85 Td (4.5 years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 364.85 Td (Volatility) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.15 364.85 Td (14.55%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.15 364.85 Td (25.00%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.15 364.85 Td (25.00%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 343.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.34 343.10 Td (following ) Tj ET Q q 0 0 0 rg BT 164.51 343.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 217.25 343.10 Td (were ) Tj ET Q q 0 0 0 rg BT 239.96 343.10 Td (used ) Tj ET Q q 0 0 0 rg BT 261.58 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.65 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.16 343.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 346.98 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.60 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.11 343.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 397.94 343.10 Td (date ) Tj ET Q q 0 0 0 rg BT 417.88 343.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 435.05 343.10 Td (values ) Tj ET Q q 0 0 0 rg BT 463.89 343.10 Td (using ) Tj ET Q q 0 0 0 rg BT 488.84 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.35 343.10 Td (Black-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 331.10 Td (Scholes ) Tj ET Q q 0 0 0 rg BT 115.00 331.10 Td (option ) Tj ET Q q 0 0 0 rg BT 143.45 331.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 174.67 331.10 Td (model ) Tj ET Q q 0 0 0 rg BT 202.55 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.11 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.21 331.10 Td (former ) Tj ET Q q 0 0 0 rg BT 262.31 331.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 287.42 331.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 330.30 331.10 Td (Of) Tj ET Q q 0 0 0 rg BT 340.67 331.10 Td (ficer's ) Tj ET Q q 0 0 0 rg BT 367.57 331.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 406.56 331.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 430.56 331.10 Td (options ) Tj ET Q q 0 0 0 rg BT 462.90 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.23 331.10 Td (based ) Tj ET Q q 0 0 0 rg BT 505.90 331.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.79 331.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 319.10 Td (value ) Tj ET Q q 0 0 0 rg BT 105.16 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.99 319.10 Td (FGL's ) Tj ET Q q 0 0 0 rg BT 143.07 319.10 Td (common ) Tj ET Q q 0 0 0 rg BT 180.57 319.10 Td (stock:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 305.60 387.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 305.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 279.60 387.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 279.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 253.60 387.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 253.60 63.00 -13.00 re f /GS0 gs BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 296.85 Td (Weighted average fair value per option modified) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 296.85 Td ($2.53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 283.85 Td (Risk-free interest rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.15 283.85 Td (0.20%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 270.85 Td (Assumed dividend yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.15 270.85 Td (1.18%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 257.85 Td (Expected option term) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.05 257.85 Td (0.75 years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 244.85 Td (Volatility) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.15 244.85 Td (25.00%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 214.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.33 214.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 159.11 214.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 181.89 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 191.34 214.10 Td (based ) Tj ET Q q 0 0 0 rg BT 216.89 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 229.67 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.67 214.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 282.99 214.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 320.77 214.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 338.54 214.10 Td (during ) Tj ET Q q 0 0 0 rg BT 367.43 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.43 214.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 420.74 214.10 Td (life ) Tj ET Q q 0 0 0 rg BT 436.85 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.97 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.97 214.10 Td (option. ) Tj ET Q q 0 0 0 rg BT 493.81 214.10 Td (Expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 202.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 119.53 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.62 202.10 Td (based ) Tj ET Q q 0 0 0 rg BT 153.81 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.23 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.87 202.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 220.51 202.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 259.04 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.79 202.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 287.76 202.10 Td () Tj ET Q q 0 0 0 rg BT 290.54 202.10 Td (s ) Tj ET Q q 0 0 0 rg BT 296.85 202.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 320.38 202.10 Td (price ) Tj ET Q q 0 0 0 rg BT 342.79 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 356.87 202.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 387.62 202.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 420.02 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.78 202.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 469.30 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.50 202.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 501.92 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.78 202.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 190.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 113.63 190.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 151.81 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.22 190.10 Td (exchange-traded ) Tj ET Q q 0 0 0 rg BT 230.37 190.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 270.21 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.94 190.10 Td (life ) Tj ET Q q 0 0 0 rg BT 299.35 190.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 339.74 190.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 384.58 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 398.31 190.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 428.71 190.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 460.77 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.63 190.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 495.05 190.10 Td (The ) Tj ET Q q 0 0 0 rg BT 512.68 190.10 Td (risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 178.10 Td (free ) Tj ET Q q 0 0 0 rg BT 99.25 178.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 131.40 178.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 149.10 178.10 Td (is ) Tj ET Q q 0 0 0 rg BT 158.49 178.10 Td (based ) Tj ET Q q 0 0 0 rg BT 183.97 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 196.68 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.62 178.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 231.92 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 237.67 178.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 269.82 178.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 292.53 178.10 Td (curve ) Tj ET Q q 0 0 0 rg BT 317.45 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.94 178.10 Td (ef) Tj ET Q q 0 0 0 rg BT 335.53 178.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 353.23 178.10 Td (at ) Tj ET Q q 0 0 0 rg BT 363.16 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.09 178.10 Td (time ) Tj ET Q q 0 0 0 rg BT 398.58 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.63 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.56 178.10 Td (grant. ) Tj ET Q q 0 0 0 rg BT 450.12 178.10 Td (The ) Tj ET Q q 0 0 0 rg BT 468.39 178.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 506.63 178.10 Td (life ) Tj ET Q q 0 0 0 rg BT 522.67 178.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 166.10 Td (options ) Tj ET Q q 0 0 0 rg BT 128.99 166.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 162.14 166.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 205.84 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.22 166.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 295.46 166.10 Td (period ) Tj ET Q q 0 0 0 rg BT 324.17 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.66 166.10 Td (time ) Tj ET Q q 0 0 0 rg BT 356.60 166.10 Td (from ) Tj ET Q q 0 0 0 rg BT 379.20 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.58 166.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 418.29 166.10 Td (date ) Tj ET Q q 0 0 0 rg BT 438.11 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.06 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.44 166.10 Td (date ) Tj ET Q q 0 0 0 rg BT 484.26 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.75 166.10 Td (exercise, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 154.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 124.13 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.05 154.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 185.95 154.10 Td (based ) Tj ET Q q 0 0 0 rg BT 211.30 154.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 233.89 154.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.92 154.10 Td (simplified ) Tj ET Q q 0 0 0 rg BT 284.06 154.10 Td (method ) Tj ET Q q 0 0 0 rg BT 316.65 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 327.57 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.37 154.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.85 154.10 Td (lacks ) Tj ET Q q 0 0 0 rg BT 406.98 154.10 Td (suf) Tj ET Q q 0 0 0 rg BT 419.03 154.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 447.16 154.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 486.96 154.10 Td (data ) Tj ET Q q 0 0 0 rg BT 506.20 154.10 Td (due ) Tj ET Q q 0 0 0 rg BT 523.23 154.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 142.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 122.64 142.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 187.90 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.73 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.45 142.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 231.97 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.47 142.10 Td (Plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 118.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 135.52 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.68 118.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.82 118.10 Td (26 ) Tj ET Q q 0 0 0 rg BT 181.98 118.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.09 118.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.75 118.10 Td (173 ) Tj ET Q q 0 0 0 rg BT 239.91 118.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.01 118.10 Td (, ) Tj ET Q q 0 0 0 rg BT 280.67 118.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.27 118.10 Td (171 ) Tj ET Q q 0 0 0 rg BT 314.43 118.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.54 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.69 118.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 392.05 118.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 419.20 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.14 118.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 458.50 118.10 Td (of) Tj ET Q q 0 0 0 rg BT 466.65 118.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 493.51 118.10 Td (directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 106.10 Td (other ) Tj ET Q q 0 0 0 rg BT 103.74 106.10 Td (key ) Tj ET Q q 0 0 0 rg BT 120.37 106.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 165.32 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.95 106.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 241.92 106.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 288.55 106.10 Td (members ) Tj ET Q q 0 0 0 rg BT 327.39 106.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.36 106.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.36 106.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.06 106.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.06 106.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.75 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.38 106.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 425.57 106.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 473.23 106.10 Td (. ) Tj ET Q q 0 0 0 rg BT 477.92 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.95 106.10 Td (These ) Tj ET Q q 0 0 0 rg BT 506.02 106.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 94.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 99.65 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.96 94.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 134.15 94.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 185.02 94.10 Td (over ) Tj ET Q q 0 0 0 rg BT 205.32 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.30 94.10 Td (period ) Tj ET Q q 0 0 0 rg BT 240.38 94.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.25 94.10 Td (three ) Tj ET Q q 0 0 0 rg BT 273.77 94.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.87 94.10 Td (. ) Tj ET Q q 0 0 0 rg BT 299.91 94.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 318.43 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.96 94.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.49 94.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 366.02 94.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.13 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.67 94.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 444.41 94.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 471.93 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.25 94.10 Td (an ) Tj ET Q q 0 0 0 rg BT 494.22 94.10 Td (of) Tj ET Q q 0 0 0 rg BT 502.37 94.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 523.22 94.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 82.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 103.43 82.10 Td (that ) Tj ET Q q 0 0 0 rg BT 120.86 82.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 139.40 82.10 Td (over ) Tj ET Q q 0 0 0 rg BT 159.60 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.25 82.10 Td (period ) Tj ET Q q 0 0 0 rg BT 202.23 82.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 82.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.44 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.87 82.10 Td (year ) Tj ET Q q 0 0 0 rg BT 249.51 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.38 82.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 82.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 306.23 82.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.34 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.77 82.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 384.41 82.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 411.83 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.04 82.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 444.48 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.69 82.10 Td (another ) Tj ET Q q 0 0 0 rg BT 487.11 82.10 Td (of) Tj ET Q q 0 0 0 rg BT 495.26 82.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 516.00 82.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 70.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 99.59 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.85 70.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 133.99 70.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 184.80 70.10 Td (over ) Tj ET Q q 0 0 0 rg BT 205.05 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.75 70.10 Td (period ) Tj ET Q q 0 0 0 rg BT 247.78 70.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.59 70.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 266.07 70.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.17 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 292.15 70.10 Td (In ) Tj ET Q q 0 0 0 rg BT 302.96 70.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 327.95 70.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 346.47 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.95 70.10 Td (also ) Tj ET Q q 0 0 0 rg BT 367.54 70.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.01 70.10 Td (140 ) Tj ET Q q 0 0 0 rg BT 417.49 70.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.60 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.08 70.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 495.76 70.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.23 70.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 58.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 110.90 58.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 148.59 58.10 Td (which ) Tj ET Q q 0 0 0 rg BT 175.72 58.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 194.53 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.01 58.10 Td (three ) Tj ET Q q 0 0 0 rg BT 227.69 58.10 Td (tranches; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.49 58.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.82 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.52 58.10 Td (on ) Tj ET Q q 0 0 0 rg BT 300.21 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.13 58.10 Td (first ) Tj ET Q q 0 0 0 rg BT 333.94 58.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 383.28 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.31 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.23 58.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 432.47 58.10 Td (date; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.61 58.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.94 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.64 58.10 Td (on ) Tj ET Q q 0 0 0 rg BT 488.34 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.25 58.10 Td (second ) Tj ET Q endstream endobj 313 0 obj <>] /Rotate 0 /Contents 314 0 R>> endobj 314 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 129.34 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.36 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.28 742.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 175.52 742.10 Td (date; ) Tj ET Q q 0 0 0 rg BT 196.64 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.78 742.10 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.11 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.80 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 244.50 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.41 742.10 Td (third ) Tj ET Q q 0 0 0 rg BT 278.99 742.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 327.33 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.35 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.26 742.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 373.50 742.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 394.23 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.47 742.10 Td (total ) Tj ET Q q 0 0 0 rg BT 430.94 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 446.51 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 469.86 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.89 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.80 742.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 108.49 730.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 140.98 730.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.25 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.25 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.25 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.25 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.25 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.19 730.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 240.69 730.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.74 730.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.74 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.74 730.10 Td ($7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.74 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 288.74 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.68 730.10 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.68 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 318.18 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 365.84 730.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 711.10 Td (On ) Tj ET Q q 0 0 0 rg BT 117.71 711.10 Td (March ) Tj ET Q q 0 0 0 rg BT 146.30 711.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 161.28 711.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 186.27 711.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.98 711.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 239.00 711.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 275.92 711.10 Td (service ) Tj ET Q q 0 0 0 rg BT 306.72 711.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 338.65 711.10 Td (for ) Tj ET Q q 0 0 0 rg BT 352.79 711.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.50 711.10 Td (140 ) Tj ET Q q 0 0 0 rg BT 384.99 711.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.10 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.58 711.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 463.27 711.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 490.75 711.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 523.22 711.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 110.96 699.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 148.70 699.10 Td (were ) Tj ET Q q 0 0 0 rg BT 170.88 699.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 215.29 699.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 253.04 699.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.57 699.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 298.53 699.10 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 349.59 699.10 Td (under ) Tj ET Q q 0 0 0 rg BT 375.11 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.08 699.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 415.05 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.14 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.11 699.10 Td (original ) Tj ET Q q 0 0 0 rg BT 474.97 699.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 506.05 699.10 Td (due ) Tj ET Q q 0 0 0 rg BT 523.24 699.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.10 Td (their ) Tj ET Q q 0 0 0 rg BT 101.04 687.10 Td (resignation ) Tj ET Q q 0 0 0 rg BT 147.19 687.10 Td (from ) Tj ET Q q 0 0 0 rg BT 168.35 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.28 687.10 Td (Company) Tj ET Q q 0 0 0 rg BT 223.94 687.10 Td (s ) Tj ET Q q 0 0 0 rg BT 229.55 687.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 255.71 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.86 687.10 Td (all ) Tj ET Q q 0 0 0 rg BT 283.57 687.10 Td (related ) Tj ET Q q 0 0 0 rg BT 312.49 687.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 356.42 687.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 394.25 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.30 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.23 687.10 Td (two ) Tj ET Q q 0 0 0 rg BT 434.95 687.10 Td (grantees. ) Tj ET Q q 0 0 0 rg BT 474.85 687.10 Td (The ) Tj ET Q q 0 0 0 rg BT 492.12 687.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 129.48 675.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 174.08 675.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 234.24 675.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 271.06 675.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 675.10 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 298.61 675.10 Td (as ) Tj ET Q q 0 0 0 rg BT 311.56 675.10 Td (a ) Tj ET Q q 0 0 0 rg BT 320.61 675.10 Td (result ) Tj ET Q q 0 0 0 rg BT 347.44 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.38 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.22 675.10 Td (related ) Tj ET Q q 0 0 0 rg BT 409.03 675.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 438.64 675.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 498.80 675.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.10 Td (acceleration.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 644.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.90 644.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 160.46 644.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 187.80 644.10 Td (are ) Tj ET Q q 0 0 0 rg BT 202.37 644.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 234.71 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.84 644.10 Td (any ) Tj ET Q q 0 0 0 rg BT 261.64 644.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 281.76 644.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 323.00 644.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 342.58 644.10 Td (on ) Tj ET Q q 0 0 0 rg BT 354.93 644.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 372.90 644.10 Td () Tj ET Q q 0 0 0 rg BT 375.68 644.10 Td (s ) Tj ET Q q 0 0 0 rg BT 381.93 644.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 405.39 644.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 427.19 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.32 644.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 468.56 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.25 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.82 644.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 632.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 111.32 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.94 632.10 Td (The ) Tj ET Q q 0 0 0 rg BT 132.31 632.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 152.91 632.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 194.62 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 209.65 632.10 Td (held ) Tj ET Q q 0 0 0 rg BT 229.69 632.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.52 632.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 261.04 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.87 632.10 Td (until ) Tj ET Q q 0 0 0 rg BT 285.03 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.07 632.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 327.89 632.10 Td (become ) Tj ET Q q 0 0 0 rg BT 361.81 632.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 390.18 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.45 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 422.48 632.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 442.52 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.13 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.17 632.10 Td (recipient ) Tj ET Q q 0 0 0 rg BT 505.98 632.10 Td (at ) Tj ET Q q 0 0 0 rg BT 516.02 632.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.10 Td (time ) Tj ET Q q 0 0 0 rg BT 101.27 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 112.10 620.10 Td (are ) Tj ET Q q 0 0 0 rg BT 126.81 620.10 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 163.73 620.10 Td (if ) Tj ET Q q 0 0 0 rg BT 172.34 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.06 620.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 226.76 620.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 254.25 620.10 Td (do ) Tj ET Q q 0 0 0 rg BT 266.75 620.10 Td (not ) Tj ET Q q 0 0 0 rg BT 282.03 620.10 Td (vest.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 601.10 Td (A) Tj ET Q q 0 0 0 rg BT 110.17 601.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.51 601.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 152.06 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.72 601.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 180.70 601.10 Td () Tj ET Q q 0 0 0 rg BT 183.48 601.10 Td (s ) Tj ET Q q 0 0 0 rg BT 189.70 601.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 232.58 601.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 272.12 601.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 299.45 601.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 348.45 601.10 Td (as ) Tj ET Q q 0 0 0 rg BT 359.11 601.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.78 601.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 429.88 601.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.88 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 454.71 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.49 601.10 Td (related ) Tj ET Q q 0 0 0 rg BT 501.03 601.10 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 589.10 Td (during ) Tj ET Q q 0 0 0 rg BT 109.61 589.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.33 589.10 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.53 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.03 589.10 Td (then ) Tj ET Q q 0 0 0 rg BT 163.75 589.10 Td (ended, ) Tj ET Q q 0 0 0 rg BT 192.63 589.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.80 589.10 Td (as ) Tj ET Q q 0 0 0 rg BT 212.63 589.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 245.13 589.10 Td (\(share ) Tj ET Q q 0 0 0 rg BT 272.05 589.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 304.55 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.83 589.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 511.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 511.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 511.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 511.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 511.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 485.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 485.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 485.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 485.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 485.60 75.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 524.6 m 372.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 524.6 m 451.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 524.6 m 530.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 524.6 m 451.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 472.6 m 451.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 460.6 m 451.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 458.6 m 451.5 458.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 528.83 Td (Restricted Stock Awards) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.00 528.83 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.55 544.83 Td (W) Tj ET Q q 0 0 0 rg BT 469.11 544.83 Td (eighted ) Tj ET Q q 0 0 0 rg BT 495.55 544.83 Td (A) Tj ET Q q 0 0 0 rg BT 500.74 544.83 Td (verage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.05 536.83 Td (Grant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.65 528.83 Td (Date Fair) Tj ET Q q 0 0 0 rg BT 498.16 528.83 Td ( ) Tj ET Q q 0 0 0 rg BT 500.01 528.83 Td (V) Tj ET Q q 0 0 0 rg BT 505.06 528.83 Td (alue ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 515.85 Td (Restricted shares outstanding at September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.30 515.85 Td (246) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.00 515.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 515.85 Td (21.92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 502.85 Td (Granted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.30 502.85 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 502.85 Td (25.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 489.85 Td (Vested) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.60 489.85 Td (\(100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 489.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 489.85 Td (21.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 476.85 Td (Forfeited or expired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.60 476.85 Td (\(18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 476.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 476.85 Td (22.46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 463.85 Td (Restricted shares outstanding at September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.30 463.85 Td (154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 463.85 Td (22.91) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 436.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 122.02 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.54 436.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.05 436.10 Td (32 ) Tj ET Q q 0 0 0 rg BT 169.57 436.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.68 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.20 436.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.16 436.10 Td (541 ) Tj ET Q q 0 0 0 rg BT 242.68 436.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.79 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.31 436.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 312.74 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.04 436.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 350.00 436.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 390.84 436.10 Td (of) Tj ET Q q 0 0 0 rg BT 398.99 436.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 423.71 436.10 Td (under ) Tj ET Q q 0 0 0 rg BT 449.01 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.74 436.10 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 502.94 436.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 523.24 436.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 424.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.55 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.54 424.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 151.60 424.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 199.26 424.10 Td (. ) Tj ET Q q 0 0 0 rg BT 205.98 424.10 Td (These ) Tj ET Q q 0 0 0 rg BT 234.41 424.10 Td (units ) Tj ET Q q 0 0 0 rg BT 258.41 424.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 288.51 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 303.06 424.10 Td (September ) Tj ET Q q 0 0 0 rg BT 350.38 424.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 367.43 424.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 394.49 424.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 441.25 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 455.80 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.57 424.10 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 522.67 424.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 412.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 133.94 412.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 164.66 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.52 412.10 Td (on ) Tj ET Q q 0 0 0 rg BT 193.93 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.56 412.10 Td (of) Tj ET Q q 0 0 0 rg BT 216.71 412.10 Td (ficer's ) Tj ET Q q 0 0 0 rg BT 243.13 412.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 284.98 412.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 337.39 412.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 364.80 412.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 406.09 412.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 430.72 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.92 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.55 412.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 502.10 412.10 Td (PRSUs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 400.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 111.17 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.79 400.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 151.53 400.10 Td (are ) Tj ET Q q 0 0 0 rg BT 165.58 400.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 200.75 400.10 Td (based ) Tj ET Q q 0 0 0 rg BT 225.37 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 237.21 400.10 Td (FGL's ) Tj ET Q q 0 0 0 rg BT 263.64 400.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 300.47 400.10 Td (yearly ) Tj ET Q q 0 0 0 rg BT 327.30 400.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 382.17 400.10 Td (which ) Tj ET Q q 0 0 0 rg BT 408.45 400.10 Td (is ) Tj ET Q q 0 0 0 rg BT 416.97 400.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 457.12 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 468.97 400.10 Td (two ) Tj ET Q q 0 0 0 rg BT 485.81 400.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 531.00 400.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 388.10 Td (measures: ) Tj ET Q q 0 0 0 rg BT 123.33 388.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 137.33 388.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 167.99 388.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 203.66 388.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 243.76 388.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 278.04 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.82 388.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 308.82 388.10 Td (return ) Tj ET Q q 0 0 0 rg BT 335.04 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 347.39 388.10 Td (equity) Tj ET Q q 0 0 0 rg BT 371.73 388.10 Td (. ) Tj ET Q q 0 0 0 rg BT 376.58 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.92 388.10 Td (Depending ) Tj ET Q q 0 0 0 rg BT 425.14 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.48 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.04 388.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 504.91 388.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.59 376.10 Td (each ) Tj ET Q q 0 0 0 rg BT 114.83 376.10 Td (year) Tj ET Q q 0 0 0 rg BT 131.64 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 136.07 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.21 376.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 184.91 376.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 214.06 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.32 376.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 255.15 376.10 Td (could ) Tj ET Q q 0 0 0 rg BT 279.30 376.10 Td (range ) Tj ET Q q 0 0 0 rg BT 303.43 376.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.80 376.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.01 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.93 376.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.64 376.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.97 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.90 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.16 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.30 376.10 Td (tar) Tj ET Q q 0 0 0 rg BT 413.67 376.10 Td (get ) Tj ET Q q 0 0 0 rg BT 427.82 376.10 Td (award ) Tj ET Q q 0 0 0 rg BT 454.17 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.76 376.10 Td (each ) Tj ET Q q 0 0 0 rg BT 488.01 376.10 Td (year) Tj ET Q q 0 0 0 rg BT 504.66 376.10 Td (. ) Tj ET Q q 0 0 0 rg BT 509.09 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.02 376.10 Td (One-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 364.10 Td (half ) Tj ET Q q 0 0 0 rg BT 99.01 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.81 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.49 364.10 Td (award ) Tj ET Q q 0 0 0 rg BT 151.38 364.10 Td (is ) Tj ET Q q 0 0 0 rg BT 160.52 364.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 189.63 364.10 Td (based ) Tj ET Q q 0 0 0 rg BT 214.86 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 227.33 364.10 Td (each ) Tj ET Q q 0 0 0 rg BT 248.11 364.10 Td (year) Tj ET Q q 0 0 0 rg BT 265.68 364.10 Td () Tj ET Q q 0 0 0 rg BT 268.46 364.10 Td (s ) Tj ET Q q 0 0 0 rg BT 274.82 364.10 Td (results ) Tj ET Q q 0 0 0 rg BT 303.39 364.10 Td (for ) Tj ET Q q 0 0 0 rg BT 317.52 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.20 364.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 362.98 364.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 395.43 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.68 364.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 430.64 364.10 Td (One-third ) Tj ET Q q 0 0 0 rg BT 471.98 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.78 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.46 364.10 Td (award ) Tj ET Q q 0 0 0 rg BT 524.35 364.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 352.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 110.26 352.10 Td (based ) Tj ET Q q 0 0 0 rg BT 135.65 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 148.27 352.10 Td (each ) Tj ET Q q 0 0 0 rg BT 169.20 352.10 Td (year's ) Tj ET Q q 0 0 0 rg BT 194.72 352.10 Td (results ) Tj ET Q q 0 0 0 rg BT 223.44 352.10 Td (for ) Tj ET Q q 0 0 0 rg BT 237.72 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.55 352.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 283.49 352.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 316.09 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.49 352.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 351.61 352.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 378.66 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 391.28 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.11 352.10 Td (results ) Tj ET Q q 0 0 0 rg BT 434.84 352.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 472.99 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.38 352.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 508.50 352.10 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.13 340.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 121.33 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.46 340.10 Td (total ) Tj ET Q q 0 0 0 rg BT 146.93 340.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.95 340.10 Td (63 ) Tj ET Q q 0 0 0 rg BT 168.65 340.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.75 340.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.95 340.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 220.64 340.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.75 340.10 Td (, ) Tj ET Q q 0 0 0 rg BT 260.95 340.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.08 340.10 Td (44 ) Tj ET Q q 0 0 0 rg BT 288.77 340.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.88 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.58 340.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 368.26 340.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 398.86 340.10 Td (were ) Tj ET Q q 0 0 0 rg BT 419.98 340.10 Td (earned, ) Tj ET Q q 0 0 0 rg BT 450.82 340.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 498.49 340.10 Td (, ) Tj ET Q q 0 0 0 rg BT 502.68 340.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.08 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.60 328.10 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 153.45 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.08 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.60 328.10 Td (service ) Tj ET Q q 0 0 0 rg BT 209.22 328.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 259.84 328.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 284.36 328.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 313.04 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.34 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.48 328.10 Td (The ) Tj ET Q q 0 0 0 rg BT 335.33 328.10 Td (total ) Tj ET Q q 0 0 0 rg BT 355.41 328.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 371.59 328.10 Td (value ) Tj ET Q q 0 0 0 rg BT 395.55 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.18 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.70 328.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 451.91 328.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 484.20 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.28 328.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 516.58 328.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 316.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 103.60 316.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 143.97 316.10 Td (attainment ) Tj ET Q q 0 0 0 rg BT 188.78 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.70 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.52 316.10 Td (tar) Tj ET Q q 0 0 0 rg BT 224.88 316.10 Td (get ) Tj ET Q q 0 0 0 rg BT 239.70 316.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 292.81 316.10 Td (level ) Tj ET Q q 0 0 0 rg BT 314.84 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.22 316.10 Td (each ) Tj ET Q q 0 0 0 rg BT 346.13 316.10 Td (year ) Tj ET Q q 0 0 0 rg BT 365.94 316.10 Td (was ) Tj ET Q q 0 0 0 rg BT 384.08 316.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.08 316.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.08 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.68 316.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.72 316.10 Td ($9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.72 316.10 Td (. ) Tj ET Q q 0 0 0 rg BT 428.62 316.10 Td (The ) Tj ET Q q 0 0 0 rg BT 446.77 316.10 Td (total ) Tj ET Q q 0 0 0 rg BT 467.14 316.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 483.61 316.10 Td (value ) Tj ET Q q 0 0 0 rg BT 507.86 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 316.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 304.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 123.49 304.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 154.90 304.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 184.04 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.32 304.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 219.32 304.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 244.32 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.26 304.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 283.76 304.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.81 304.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.81 304.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.81 304.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.81 304.10 Td (, ) Tj ET Q q 0 0 0 rg BT 331.81 304.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.75 304.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.75 304.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.75 304.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 411.41 304.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 285.10 Td (A) Tj ET Q q 0 0 0 rg BT 110.17 285.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.51 285.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 152.06 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.73 285.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 205.62 285.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 236.86 285.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 285.87 285.10 Td (as ) Tj ET Q q 0 0 0 rg BT 296.54 285.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.21 285.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 367.31 285.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.31 285.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.15 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.92 285.10 Td (related ) Tj ET Q q 0 0 0 rg BT 438.47 285.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 470.79 285.10 Td (during ) Tj ET Q q 0 0 0 rg BT 499.24 285.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.80 285.10 Td (year) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.10 Td (then ) Tj ET Q q 0 0 0 rg BT 100.72 273.10 Td (ended, ) Tj ET Q q 0 0 0 rg BT 129.59 273.10 Td (is ) Tj ET Q q 0 0 0 rg BT 138.76 273.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.59 273.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 182.09 273.10 Td (\(share ) Tj ET Q q 0 0 0 rg BT 209.02 273.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 241.52 273.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.80 273.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 208.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 208.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 208.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 208.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 208.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 182.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 182.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 182.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 182.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 182.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 156.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 156.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 156.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 156.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 156.60 75.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 208.60000000000002 m 373.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 208.60000000000002 m 452.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 208.60000000000002 m 531.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 208.60000000000002 m 373.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 208.60000000000002 m 452.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 208.60000000000002 m 531.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 156.60000000000002 m 452.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 144.60000000000002 m 452.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 142.60000000000002 m 452.5 142.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 212.83 Td (Performance Restricted Stock Units \(PRSUs\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.00 212.83 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.55 228.83 Td (Weighted Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.05 220.83 Td (Grant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.65 212.83 Td (Date Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 199.85 Td (PRSUs outstanding at September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 199.85 Td (515) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.00 199.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 199.85 Td (17.69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 186.85 Td (Granted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 186.85 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 186.85 Td (17.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 173.85 Td (Vested) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.60 173.85 Td (\(578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.30 173.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 173.85 Td (17.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 160.85 Td (Forfeited or expired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 160.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 160.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 147.85 Td (PRSUs outstanding at September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 147.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 147.85 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 120.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.54 120.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 175.35 120.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.35 120.10 Td (, ) Tj ET Q q 0 0 0 rg BT 199.89 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.14 120.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 247.29 120.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.67 120.10 Td ($14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.67 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.71 120.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.41 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.67 120.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 333.61 120.10 Td (was ) Tj ET Q q 0 0 0 rg BT 351.21 120.10 Td (based ) Tj ET Q q 0 0 0 rg BT 376.01 120.10 Td (on ) Tj ET Q q 0 0 0 rg BT 388.06 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.31 120.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 418.23 120.10 Td (value ) Tj ET Q q 0 0 0 rg BT 441.93 120.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.30 120.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 470.82 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.86 120.10 Td (common ) Tj ET Q q 0 0 0 rg BT 509.90 120.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 108.10 Td (which ) Tj ET Q q 0 0 0 rg BT 107.94 108.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.99 108.10 Td ($23.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.49 108.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.99 108.10 Td (per ) Tj ET Q q 0 0 0 rg BT 171.26 108.10 Td (share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 84.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 153.40 84.10 Td (, ) Tj ET Q q 0 0 0 rg BT 157.46 84.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 175.99 84.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.55 84.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 209.10 84.10 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 257.86 84.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 284.41 84.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.53 84.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 323.09 84.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.20 84.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.76 84.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.76 84.10 Td (58 ) Tj ET Q q 0 0 0 rg BT 388.32 84.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.43 84.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.00 84.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.34 84.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 456.90 84.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.90 84.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 494.46 84.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.80 84.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 72.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 118.16 72.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.12 72.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 164.73 72.10 Td (for ) Tj ET Q q 0 0 0 rg BT 178.56 72.10 Td (services ) Tj ET Q q 0 0 0 rg BT 212.95 72.10 Td (rendered. ) Tj ET Q q 0 0 0 rg BT 252.60 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.62 72.10 Td (T) Tj ET Q q 0 0 0 rg BT 260.03 72.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 277.20 72.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 293.26 72.10 Td (value ) Tj ET Q q 0 0 0 rg BT 317.09 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.59 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.99 72.10 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 391.37 72.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 418.53 72.10 Td (on ) Tj ET Q q 0 0 0 rg BT 430.71 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.10 72.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 467.83 72.10 Td (date ) Tj ET Q q 0 0 0 rg BT 486.66 72.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.39 72.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.39 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.56 72.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 60.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 60.10 Td (, ) Tj ET Q q 0 0 0 rg BT 96.00 60.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 143.66 60.10 Td (. ) Tj ET Q endstream endobj 315 0 obj <>] /Rotate 0 /Contents 316 0 R>> endobj 316 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-56) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 81 714.28505859375 m 135.1748046875 714.28505859375 l s q 0 0 0 rg BT 81.00 715.85 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 111.83 715.85 Td (Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 691.85 Td (Stock ) Tj ET Q q 0 0 0 rg BT 129.85 691.85 Td (options ) Tj ET Q q 0 0 0 rg BT 163.37 691.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 192.44 691.85 Td (under ) Tj ET Q q 0 0 0 rg BT 219.28 691.85 Td (the ) Tj ET Q q 0 0 0 rg BT 235.56 691.85 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 265.75 691.85 Td (Plans ) Tj ET Q q 0 0 0 rg BT 291.49 691.85 Td (vest ) Tj ET Q q 0 0 0 rg BT 311.67 691.85 Td (in ) Tj ET Q q 0 0 0 rg BT 323.51 691.85 Td (three ) Tj ET Q q 0 0 0 rg BT 347.57 691.85 Td (equal ) Tj ET Q q 0 0 0 rg BT 373.30 691.85 Td (installments ) Tj ET Q q 0 0 0 rg BT 425.70 691.85 Td (on ) Tj ET Q q 0 0 0 rg BT 439.77 691.85 Td (each ) Tj ET Q q 0 0 0 rg BT 462.15 691.85 Td (of ) Tj ET Q q 0 0 0 rg BT 474.55 691.85 Td (the ) Tj ET Q q 0 0 0 rg BT 490.84 691.85 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.02 691.85 Td (three) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 679.85 Td (anniversaries ) Tj ET Q q 0 0 0 rg BT 136.83 679.85 Td (of ) Tj ET Q q 0 0 0 rg BT 148.24 679.85 Td (the ) Tj ET Q q 0 0 0 rg BT 163.53 679.85 Td (grant ) Tj ET Q q 0 0 0 rg BT 187.15 679.85 Td (date ) Tj ET Q q 0 0 0 rg BT 206.88 679.85 Td (and ) Tj ET Q q 0 0 0 rg BT 224.40 679.85 Td (expire ) Tj ET Q q 0 0 0 rg BT 252.46 679.85 Td (on ) Tj ET Q q 0 0 0 rg BT 265.54 679.85 Td (the ) Tj ET Q q 0 0 0 rg BT 280.83 679.85 Td (seventh ) Tj ET Q q 0 0 0 rg BT 314.45 679.85 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 364.17 679.85 Td (of ) Tj ET Q q 0 0 0 rg BT 375.58 679.85 Td (the ) Tj ET Q q 0 0 0 rg BT 390.87 679.85 Td (grant ) Tj ET Q q 0 0 0 rg BT 414.50 679.85 Td (date. ) Tj ET Q q 0 0 0 rg BT 436.73 679.85 Td ( ) Tj ET Q q 0 0 0 rg BT 439.58 679.85 Td (The ) Tj ET Q q 0 0 0 rg BT 458.20 679.85 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 487.39 679.85 Td (plans ) Tj ET Q q 0 0 0 rg BT 511.58 679.85 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 667.85 Td (frozen ) Tj ET Q q 0 0 0 rg BT 109.26 667.85 Td (in ) Tj ET Q q 0 0 0 rg BT 119.76 667.85 Td (November ) Tj ET Q q 0 0 0 rg BT 164.69 667.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 187.41 667.85 Td (and, ) Tj ET Q q 0 0 0 rg BT 207.07 667.85 Td (therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.37 667.85 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.37 667.85 Td ( ) Tj ET Q q 0 0 0 rg BT 261.09 667.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 284.92 667.85 Td (options ) Tj ET Q q 0 0 0 rg BT 317.09 667.85 Td (were ) Tj ET Q q 0 0 0 rg BT 339.24 667.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 366.96 667.85 Td (under ) Tj ET Q q 0 0 0 rg BT 392.45 667.85 Td (these ) Tj ET Q q 0 0 0 rg BT 415.72 667.85 Td (plans ) Tj ET Q q 0 0 0 rg BT 439.55 667.85 Td (during ) Tj ET Q q 0 0 0 rg BT 468.38 667.85 Td (the ) Tj ET Q q 0 0 0 rg BT 483.32 667.85 Td (years ) Tj ET Q q 0 0 0 rg BT 507.14 667.85 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 655.85 Td (September ) Tj ET Q q 0 0 0 rg BT 126.26 655.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 141.26 655.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 166.26 655.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 188.76 655.85 Td (and ) Tj ET Q q 0 0 0 rg BT 205.70 655.85 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 631.85 Td (The ) Tj ET Q q 0 0 0 rg BT 121.33 631.85 Td (dividend ) Tj ET Q q 0 0 0 rg BT 159.11 631.85 Td (yield ) Tj ET Q q 0 0 0 rg BT 181.89 631.85 Td (is ) Tj ET Q q 0 0 0 rg BT 191.34 631.85 Td (based ) Tj ET Q q 0 0 0 rg BT 216.89 631.85 Td (on ) Tj ET Q q 0 0 0 rg BT 229.67 631.85 Td (the ) Tj ET Q q 0 0 0 rg BT 244.67 631.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 282.99 631.85 Td (dividend ) Tj ET Q q 0 0 0 rg BT 320.77 631.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 338.54 631.85 Td (during ) Tj ET Q q 0 0 0 rg BT 367.43 631.85 Td (the ) Tj ET Q q 0 0 0 rg BT 382.43 631.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 420.74 631.85 Td (life ) Tj ET Q q 0 0 0 rg BT 436.85 631.85 Td (of ) Tj ET Q q 0 0 0 rg BT 447.97 631.85 Td (the ) Tj ET Q q 0 0 0 rg BT 462.97 631.85 Td (option. ) Tj ET Q q 0 0 0 rg BT 493.81 631.85 Td (Expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 619.85 Td (volatility ) Tj ET Q q 0 0 0 rg BT 119.85 619.85 Td (is ) Tj ET Q q 0 0 0 rg BT 129.27 619.85 Td (based ) Tj ET Q q 0 0 0 rg BT 154.78 619.85 Td (on ) Tj ET Q q 0 0 0 rg BT 167.53 619.85 Td (the ) Tj ET Q q 0 0 0 rg BT 182.49 619.85 Td (implied ) Tj ET Q q 0 0 0 rg BT 215.79 619.85 Td (volatility ) Tj ET Q q 0 0 0 rg BT 254.64 619.85 Td (of ) Tj ET Q q 0 0 0 rg BT 265.72 619.85 Td (exchange-traded ) Tj ET Q q 0 0 0 rg BT 334.53 619.85 Td (securities ) Tj ET Q q 0 0 0 rg BT 375.04 619.85 Td (for ) Tj ET Q q 0 0 0 rg BT 389.45 619.85 Td (life ) Tj ET Q q 0 0 0 rg BT 405.52 619.85 Td (insurance ) Tj ET Q q 0 0 0 rg BT 446.58 619.85 Td (companies. ) Tj ET Q q 0 0 0 rg BT 494.39 619.85 Td (The ) Tj ET Q q 0 0 0 rg BT 512.68 619.85 Td (risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 607.85 Td (free ) Tj ET Q q 0 0 0 rg BT 99.25 607.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 131.40 607.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 149.10 607.85 Td (is ) Tj ET Q q 0 0 0 rg BT 158.49 607.85 Td (based ) Tj ET Q q 0 0 0 rg BT 183.97 607.85 Td (on ) Tj ET Q q 0 0 0 rg BT 196.68 607.85 Td (the ) Tj ET Q q 0 0 0 rg BT 211.62 607.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 231.92 607.85 Td (T) Tj ET Q q 0 0 0 rg BT 237.67 607.85 Td (reasury ) Tj ET Q q 0 0 0 rg BT 269.82 607.85 Td (yield ) Tj ET Q q 0 0 0 rg BT 292.53 607.85 Td (curve ) Tj ET Q q 0 0 0 rg BT 317.45 607.85 Td (in ) Tj ET Q q 0 0 0 rg BT 327.94 607.85 Td (ef) Tj ET Q q 0 0 0 rg BT 335.53 607.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 353.23 607.85 Td (at ) Tj ET Q q 0 0 0 rg BT 363.16 607.85 Td (the ) Tj ET Q q 0 0 0 rg BT 378.09 607.85 Td (time ) Tj ET Q q 0 0 0 rg BT 398.58 607.85 Td (of ) Tj ET Q q 0 0 0 rg BT 409.63 607.85 Td (the ) Tj ET Q q 0 0 0 rg BT 424.56 607.85 Td (grant. ) Tj ET Q q 0 0 0 rg BT 450.12 607.85 Td (The ) Tj ET Q q 0 0 0 rg BT 468.39 607.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 506.63 607.85 Td (life ) Tj ET Q q 0 0 0 rg BT 522.67 607.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 595.85 Td (options ) Tj ET Q q 0 0 0 rg BT 128.99 595.85 Td (granted ) Tj ET Q q 0 0 0 rg BT 162.14 595.85 Td (represents ) Tj ET Q q 0 0 0 rg BT 205.84 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 221.22 595.85 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 295.46 595.85 Td (period ) Tj ET Q q 0 0 0 rg BT 324.17 595.85 Td (of ) Tj ET Q q 0 0 0 rg BT 335.66 595.85 Td (time ) Tj ET Q q 0 0 0 rg BT 356.60 595.85 Td (from ) Tj ET Q q 0 0 0 rg BT 379.20 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 394.58 595.85 Td (grant ) Tj ET Q q 0 0 0 rg BT 418.29 595.85 Td (date ) Tj ET Q q 0 0 0 rg BT 438.11 595.85 Td (to ) Tj ET Q q 0 0 0 rg BT 449.06 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 464.44 595.85 Td (date ) Tj ET Q q 0 0 0 rg BT 484.26 595.85 Td (of ) Tj ET Q q 0 0 0 rg BT 495.75 595.85 Td (exercise, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 583.85 Td (expiration ) Tj ET Q q 0 0 0 rg BT 123.78 583.85 Td (or ) Tj ET Q q 0 0 0 rg BT 134.36 583.85 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 184.91 583.85 Td (based ) Tj ET Q q 0 0 0 rg BT 209.92 583.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 232.16 583.85 Td (a ) Tj ET Q q 0 0 0 rg BT 238.84 583.85 Td (simplified ) Tj ET Q q 0 0 0 rg BT 281.64 583.85 Td (method ) Tj ET Q q 0 0 0 rg BT 313.87 583.85 Td (as ) Tj ET Q q 0 0 0 rg BT 324.45 583.85 Td (the ) Tj ET Q q 0 0 0 rg BT 338.91 583.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.03 583.85 Td (lacked ) Tj ET Q q 0 0 0 rg BT 408.37 583.85 Td (suf) Tj ET Q q 0 0 0 rg BT 420.41 583.85 Td (ficient ) Tj ET Q q 0 0 0 rg BT 448.20 583.85 Td (historical ) Tj ET Q q 0 0 0 rg BT 487.65 583.85 Td (data ) Tj ET Q q 0 0 0 rg BT 506.55 583.85 Td (due ) Tj ET Q q 0 0 0 rg BT 523.23 583.85 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 571.85 Td (the ) Tj ET Q q 0 0 0 rg BT 95.72 571.85 Td (recent ) Tj ET Q q 0 0 0 rg BT 122.64 571.85 Td (implementation ) Tj ET Q q 0 0 0 rg BT 187.90 571.85 Td (of ) Tj ET Q q 0 0 0 rg BT 198.73 571.85 Td (the ) Tj ET Q q 0 0 0 rg BT 213.45 571.85 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 242.06 571.85 Td (Plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 550.85 Td (A) Tj ET Q q 0 0 0 rg BT 110.17 550.85 Td ( summary of FGLH's outstanding stock options as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.91 550.85 Td (September30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.17 550.85 Td ( and related activity during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 538.85 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.21 538.85 Td ( then ended is as follows \(share amount in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 486.35 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 486.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 486.35 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 486.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 486.35 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 460.35 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 460.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 460.35 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 460.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 460.35 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 434.35 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 434.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 434.35 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 434.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 434.35 75.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 515.35 m 452.5 515.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 515.35 m 456.5 515.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 515.35 m 531.5 515.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 486.35 m 373.5 486.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 486.35 m 452.5 486.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 486.35 m 531.5 486.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 486.35 m 452.5 486.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 434.35 m 452.5 434.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 422.35 m 452.5 422.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 420.35 m 452.5 420.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 409.35 m 452.5 409.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 407.35 m 452.5 407.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.65 519.58 Td (FGLH) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 490.58 Td (Stock Option Awards) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.90 490.58 Td (Options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.55 498.58 Td (W) Tj ET Q q 0 0 0 rg BT 470.11 498.58 Td (eighted ) Tj ET Q q 0 0 0 rg BT 496.55 498.58 Td (A) Tj ET Q q 0 0 0 rg BT 501.74 498.58 Td (verage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.25 490.58 Td (Exer) Tj ET Q q 0 0 0 rg BT 485.54 490.58 Td (cise Price) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 477.60 Td (Stock options outstanding at September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 477.60 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.00 477.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 477.60 Td (45.04) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 464.60 Td (Granted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 464.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 464.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 451.60 Td (Exercised) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 451.60 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.30 451.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 451.60 Td (48.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 438.60 Td (Forfeited or expired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 438.60 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.30 438.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 438.60 Td (49.45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 425.60 Td (Stock options outstanding at September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 425.60 Td (82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 425.60 Td (44.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 412.60 Td (Vested and exercisable at September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 412.60 Td (82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 412.60 Td (44.82) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 384.85 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.32 384.85 Td (September30, ) Tj ET Q q 0 0 0 rg BT 175.41 384.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.41 384.85 Td (, ) Tj ET Q q 0 0 0 rg BT 200.23 384.85 Td (the ) Tj ET Q q 0 0 0 rg BT 214.77 384.85 Td (liability ) Tj ET Q q 0 0 0 rg BT 248.20 384.85 Td (for ) Tj ET Q q 0 0 0 rg BT 262.18 384.85 Td (vested ) Tj ET Q q 0 0 0 rg BT 290.05 384.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 313.48 384.85 Td (options ) Tj ET Q q 0 0 0 rg BT 345.25 384.85 Td (was ) Tj ET Q q 0 0 0 rg BT 363.12 384.85 Td (based ) Tj ET Q q 0 0 0 rg BT 388.21 384.85 Td (on ) Tj ET Q q 0 0 0 rg BT 400.53 384.85 Td (the ) Tj ET Q q 0 0 0 rg BT 415.07 384.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 431.27 384.85 Td (values ) Tj ET Q q 0 0 0 rg BT 459.14 384.85 Td (of ) Tj ET Q q 0 0 0 rg BT 469.79 384.85 Td (the ) Tj ET Q q 0 0 0 rg BT 484.33 384.85 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 372.85 Td (options. ) Tj ET Q q 0 0 0 rg BT 115.52 372.85 Td ( ) Tj ET Q q 0 0 0 rg BT 117.90 372.85 Td (The ) Tj ET Q q 0 0 0 rg BT 136.02 372.85 Td (following ) Tj ET Q q 0 0 0 rg BT 177.48 372.85 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 229.49 372.85 Td (were ) Tj ET Q q 0 0 0 rg BT 251.49 372.85 Td (used ) Tj ET Q q 0 0 0 rg BT 272.39 372.85 Td (in ) Tj ET Q q 0 0 0 rg BT 282.74 372.85 Td (the ) Tj ET Q q 0 0 0 rg BT 297.53 372.85 Td (determination ) Tj ET Q q 0 0 0 rg BT 355.63 372.85 Td (of ) Tj ET Q q 0 0 0 rg BT 366.53 372.85 Td (these ) Tj ET Q q 0 0 0 rg BT 389.65 372.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 406.10 372.85 Td (values ) Tj ET Q q 0 0 0 rg BT 434.21 372.85 Td (using ) Tj ET Q q 0 0 0 rg BT 458.45 372.85 Td (the ) Tj ET Q q 0 0 0 rg BT 473.24 372.85 Td (Black-Scholes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 360.85 Td (option ) Tj ET Q q 0 0 0 rg BT 109.06 360.85 Td (pricing ) Tj ET Q q 0 0 0 rg BT 139.88 360.85 Td (model ) Tj ET Q q 0 0 0 rg BT 167.38 360.85 Td (and ) Tj ET Q q 0 0 0 rg BT 184.32 360.85 Td (based ) Tj ET Q q 0 0 0 rg BT 209.58 360.85 Td (on ) Tj ET Q q 0 0 0 rg BT 222.08 360.85 Td (the ) Tj ET Q q 0 0 0 rg BT 236.80 360.85 Td (value ) Tj ET Q q 0 0 0 rg BT 260.96 360.85 Td (of ) Tj ET Q q 0 0 0 rg BT 271.79 360.85 Td (FGLH's ) Tj ET Q q 0 0 0 rg BT 306.09 360.85 Td (common ) Tj ET Q q 0 0 0 rg BT 343.59 360.85 Td (stock:) Tj ET Q 1 1 1 rg /GS0 gs 80.50 341.35 292.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 372.50 341.35 4.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 376.50 341.35 75.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 451.50 341.35 4.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 455.50 341.35 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 311.35 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 311.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 311.35 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 311.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 311.35 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 281.35 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 281.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 281.35 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 281.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 281.35 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 251.35 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 251.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 251.35 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 251.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 251.35 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 326.35 m 451.5 326.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 326.35 m 530.5 326.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.50 330.58 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.50 330.58 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 315.60 Td (Weighted average stock option fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.50 315.60 Td ($78.62) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.50 315.60 Td ($74.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 300.60 Td (FGLH common stock fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.50 300.60 Td ($123.76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.50 300.60 Td ($122.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 285.60 Td (FGL common stock value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.50 285.60 Td ($23.19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.50 285.60 Td ($24.54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 270.60 Td (Risk-free interest rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.15 270.60 Td (0.26%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.50 270.60 Td (0.48%-0.74%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 255.60 Td (Assumed dividend yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.15 255.60 Td (1.12%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.15 255.60 Td (1.16%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 240.60 Td (Expected option term) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.05 240.60 Td (0.25 years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.70 240.60 Td (1.50 - 2.25 years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 225.60 Td (Volatility) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.15 225.60 Td (15.0%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.15 225.60 Td (25.0%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 190.85 Td (The ) Tj ET Q q 0 0 0 rg BT 121.33 190.85 Td (primary ) Tj ET Q q 0 0 0 rg BT 155.78 190.85 Td (input ) Tj ET Q q 0 0 0 rg BT 179.12 190.85 Td (used ) Tj ET Q q 0 0 0 rg BT 200.24 190.85 Td (in ) Tj ET Q q 0 0 0 rg BT 210.81 190.85 Td (the ) Tj ET Q q 0 0 0 rg BT 225.81 190.85 Td (determination ) Tj ET Q q 0 0 0 rg BT 284.14 190.85 Td (of ) Tj ET Q q 0 0 0 rg BT 295.26 190.85 Td (the ) Tj ET Q q 0 0 0 rg BT 310.26 190.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 326.93 190.85 Td (value ) Tj ET Q q 0 0 0 rg BT 351.37 190.85 Td (of ) Tj ET Q q 0 0 0 rg BT 362.49 190.85 Td (FGLH's ) Tj ET Q q 0 0 0 rg BT 397.08 190.85 Td (common ) Tj ET Q q 0 0 0 rg BT 434.87 190.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 458.76 190.85 Td (is ) Tj ET Q q 0 0 0 rg BT 468.22 190.85 Td (the ) Tj ET Q q 0 0 0 rg BT 483.22 190.85 Td (value ) Tj ET Q q 0 0 0 rg BT 507.67 190.85 Td (of ) Tj ET Q q 0 0 0 rg BT 518.79 190.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 178.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 127.33 178.85 Td (common ) Tj ET Q q 0 0 0 rg BT 164.08 178.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 186.95 178.85 Td (and ) Tj ET Q q 0 0 0 rg BT 203.14 178.85 Td (a ) Tj ET Q q 0 0 0 rg BT 209.33 178.85 Td (discount ) Tj ET Q q 0 0 0 rg BT 244.97 178.85 Td (for ) Tj ET Q q 0 0 0 rg BT 258.39 178.85 Td (lack ) Tj ET Q q 0 0 0 rg BT 276.80 178.85 Td (of ) Tj ET Q q 0 0 0 rg BT 286.88 178.85 Td (liquidity) Tj ET Q q 0 0 0 rg BT 320.12 178.85 Td (. ) Tj ET Q q 0 0 0 rg BT 324.25 178.85 Td (The ) Tj ET Q q 0 0 0 rg BT 341.55 178.85 Td (dividend ) Tj ET Q q 0 0 0 rg BT 378.30 178.85 Td (yield ) Tj ET Q q 0 0 0 rg BT 400.05 178.85 Td (is ) Tj ET Q q 0 0 0 rg BT 408.48 178.85 Td (based ) Tj ET Q q 0 0 0 rg BT 433.00 178.85 Td (on ) Tj ET Q q 0 0 0 rg BT 444.75 178.85 Td (the ) Tj ET Q q 0 0 0 rg BT 458.73 178.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 496.01 178.85 Td (dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 166.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 98.59 166.85 Td (during ) Tj ET Q q 0 0 0 rg BT 127.31 166.85 Td (the ) Tj ET Q q 0 0 0 rg BT 142.13 166.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 180.27 166.85 Td (life ) Tj ET Q q 0 0 0 rg BT 196.21 166.85 Td (of ) Tj ET Q q 0 0 0 rg BT 207.14 166.85 Td (the ) Tj ET Q q 0 0 0 rg BT 221.97 166.85 Td (option. ) Tj ET Q q 0 0 0 rg BT 252.63 166.85 Td (Expected ) Tj ET Q q 0 0 0 rg BT 292.44 166.85 Td (volatility ) Tj ET Q q 0 0 0 rg BT 331.16 166.85 Td (is ) Tj ET Q q 0 0 0 rg BT 340.43 166.85 Td (based ) Tj ET Q q 0 0 0 rg BT 365.81 166.85 Td (on ) Tj ET Q q 0 0 0 rg BT 378.42 166.85 Td (the ) Tj ET Q q 0 0 0 rg BT 393.24 166.85 Td (historical ) Tj ET Q q 0 0 0 rg BT 433.06 166.85 Td (volatility ) Tj ET Q q 0 0 0 rg BT 471.78 166.85 Td (of ) Tj ET Q q 0 0 0 rg BT 482.71 166.85 Td (FGL's ) Tj ET Q q 0 0 0 rg BT 509.91 166.85 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 154.85 Td (price ) Tj ET Q q 0 0 0 rg BT 104.17 154.85 Td (after ) Tj ET Q q 0 0 0 rg BT 125.68 154.85 Td (the ) Tj ET Q q 0 0 0 rg BT 141.08 154.85 Td (announcement ) Tj ET Q q 0 0 0 rg BT 202.58 154.85 Td (of ) Tj ET Q q 0 0 0 rg BT 214.10 154.85 Td (the ) Tj ET Q q 0 0 0 rg BT 229.50 154.85 Td (pending ) Tj ET Q q 0 0 0 rg BT 264.90 154.85 Td (mer) Tj ET Q q 0 0 0 rg BT 280.27 154.85 Td (ger ) Tj ET Q q 0 0 0 rg BT 296.23 154.85 Td (transaction ) Tj ET Q q 0 0 0 rg BT 343.29 154.85 Td (with ) Tj ET Q q 0 0 0 rg BT 363.55 154.85 Td (Anbang. ) Tj ET Q q 0 0 0 rg BT 400.67 154.85 Td (The ) Tj ET Q q 0 0 0 rg BT 419.40 154.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 458.12 154.85 Td (life ) Tj ET Q q 0 0 0 rg BT 474.63 154.85 Td (of ) Tj ET Q q 0 0 0 rg BT 486.15 154.85 Td (the ) Tj ET Q q 0 0 0 rg BT 501.55 154.85 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 142.85 Td (granted ) Tj ET Q q 0 0 0 rg BT 113.78 142.85 Td (represents ) Tj ET Q q 0 0 0 rg BT 157.12 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 172.13 142.85 Td (period ) Tj ET Q q 0 0 0 rg BT 200.47 142.85 Td (of ) Tj ET Q q 0 0 0 rg BT 211.60 142.85 Td (time ) Tj ET Q q 0 0 0 rg BT 232.17 142.85 Td (from ) Tj ET Q q 0 0 0 rg BT 254.41 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 269.42 142.85 Td (grant ) Tj ET Q q 0 0 0 rg BT 292.76 142.85 Td (date ) Tj ET Q q 0 0 0 rg BT 312.22 142.85 Td (to ) Tj ET Q q 0 0 0 rg BT 322.79 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 337.80 142.85 Td (estimated ) Tj ET Q q 0 0 0 rg BT 378.92 142.85 Td (closing ) Tj ET Q q 0 0 0 rg BT 410.61 142.85 Td (date ) Tj ET Q q 0 0 0 rg BT 430.06 142.85 Td (of ) Tj ET Q q 0 0 0 rg BT 441.18 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 456.20 142.85 Td (mer) Tj ET Q q 0 0 0 rg BT 471.56 142.85 Td (ger ) Tj ET Q q 0 0 0 rg BT 487.13 142.85 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 130.85 Td (with ) Tj ET Q q 0 0 0 rg BT 100.30 130.85 Td (Anbang. ) Tj ET Q q 0 0 0 rg BT 136.42 130.85 Td (Upon ) Tj ET Q q 0 0 0 rg BT 160.59 130.85 Td (closing ) Tj ET Q q 0 0 0 rg BT 191.43 130.85 Td (of ) Tj ET Q q 0 0 0 rg BT 201.72 130.85 Td (the ) Tj ET Q q 0 0 0 rg BT 215.89 130.85 Td (mer) Tj ET Q q 0 0 0 rg BT 231.26 130.85 Td (ger ) Tj ET Q q 0 0 0 rg BT 245.98 130.85 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 294.31 130.85 Td (the ) Tj ET Q q 0 0 0 rg BT 308.48 130.85 Td (vesting ) Tj ET Q q 0 0 0 rg BT 339.32 130.85 Td (of ) Tj ET Q q 0 0 0 rg BT 349.60 130.85 Td (the ) Tj ET Q q 0 0 0 rg BT 363.77 130.85 Td (options ) Tj ET Q q 0 0 0 rg BT 395.18 130.85 Td (will ) Tj ET Q q 0 0 0 rg BT 412.69 130.85 Td (be ) Tj ET Q q 0 0 0 rg BT 424.08 130.85 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 470.99 130.85 Td (and ) Tj ET Q q 0 0 0 rg BT 487.39 130.85 Td (the ) Tj ET Q q 0 0 0 rg BT 501.56 130.85 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 118.85 Td (will ) Tj ET Q q 0 0 0 rg BT 99.23 118.85 Td (be ) Tj ET Q q 0 0 0 rg BT 111.33 118.85 Td (paid ) Tj ET Q q 0 0 0 rg BT 131.22 118.85 Td (out ) Tj ET Q q 0 0 0 rg BT 146.66 118.85 Td (as ) Tj ET Q q 0 0 0 rg BT 157.66 118.85 Td (described ) Tj ET Q q 0 0 0 rg BT 198.65 118.85 Td (in ) Tj ET Q q 0 0 0 rg BT 209.09 118.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 235.64 118.85 Td (1. ) Tj ET Q q 0 0 0 rg BT 245.81 118.85 Td (Basis ) Tj ET Q q 0 0 0 rg BT 270.15 118.85 Td (of ) Tj ET Q q 0 0 0 rg BT 281.14 118.85 Td (Presentation, ) Tj ET Q q 0 0 0 rg BT 340.18 118.85 Td (and ) Tj ET Q q 0 0 0 rg BT 357.29 118.85 Td (the ) Tj ET Q q 0 0 0 rg BT 372.18 118.85 Td (option ) Tj ET Q q 0 0 0 rg BT 400.40 118.85 Td (agreements ) Tj ET Q q 0 0 0 rg BT 448.60 118.85 Td (contain ) Tj ET Q q 0 0 0 rg BT 480.70 118.85 Td (a ) Tj ET Q q 0 0 0 rg BT 487.81 118.85 Td (change ) Tj ET Q q 0 0 0 rg BT 523.23 118.85 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 106.85 Td (control ) Tj ET Q q 0 0 0 rg BT 117.60 106.85 Td (provision ) Tj ET Q q 0 0 0 rg BT 159.21 106.85 Td (which ) Tj ET Q q 0 0 0 rg BT 187.48 106.85 Td (requires ) Tj ET Q q 0 0 0 rg BT 223.51 106.85 Td (vesting ) Tj ET Q q 0 0 0 rg BT 256.23 106.85 Td (of ) Tj ET Q q 0 0 0 rg BT 268.39 106.85 Td (the ) Tj ET Q q 0 0 0 rg BT 284.44 106.85 Td (options ) Tj ET Q q 0 0 0 rg BT 317.72 106.85 Td (to ) Tj ET Q q 0 0 0 rg BT 329.33 106.85 Td (be ) Tj ET Q q 0 0 0 rg BT 342.60 106.85 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 391.39 106.85 Td (if ) Tj ET Q q 0 0 0 rg BT 401.33 106.85 Td (the ) Tj ET Q q 0 0 0 rg BT 417.38 106.85 Td (options ) Tj ET Q q 0 0 0 rg BT 450.66 106.85 Td (are ) Tj ET Q q 0 0 0 rg BT 466.70 106.85 Td (not ) Tj ET Q q 0 0 0 rg BT 483.31 106.85 Td (replaced ) Tj ET Q q 0 0 0 rg BT 521.00 106.85 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 94.85 Td (substantially ) Tj ET Q q 0 0 0 rg BT 134.05 94.85 Td (similar ) Tj ET Q q 0 0 0 rg BT 164.33 94.85 Td (awards ) Tj ET Q q 0 0 0 rg BT 195.15 94.85 Td (after ) Tj ET Q q 0 0 0 rg BT 215.96 94.85 Td (the ) Tj ET Q q 0 0 0 rg BT 230.68 94.85 Td (change ) Tj ET Q q 0 0 0 rg BT 261.49 94.85 Td (in ) Tj ET Q q 0 0 0 rg BT 271.77 94.85 Td (control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 75.85 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.67 75.85 Td (September30, ) Tj ET Q q 0 0 0 rg BT 176.10 75.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.10 75.85 Td (, ) Tj ET Q q 0 0 0 rg BT 201.27 75.85 Td (the ) Tj ET Q q 0 0 0 rg BT 216.15 75.85 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 251.60 75.85 Td (value ) Tj ET Q q 0 0 0 rg BT 275.92 75.85 Td (of ) Tj ET Q q 0 0 0 rg BT 286.92 75.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 310.70 75.85 Td (options ) Tj ET Q q 0 0 0 rg BT 342.81 75.85 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 394.65 75.85 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 442.28 75.85 Td (and ) Tj ET Q q 0 0 0 rg BT 459.39 75.85 Td (vested ) Tj ET Q q 0 0 0 rg BT 487.61 75.85 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.83 75.85 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.83 75.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 75.85 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.00 75.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 63.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.18 63.85 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.18 63.85 Td (, ) Tj ET Q q 0 0 0 rg BT 113.42 63.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 161.08 63.85 Td (. ) Tj ET Q q 0 0 0 rg BT 166.32 63.85 Td ( ) Tj ET Q q 0 0 0 rg BT 168.46 63.85 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.20 63.85 Td (September30, ) Tj ET Q q 0 0 0 rg BT 241.71 63.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.71 63.85 Td (, ) Tj ET Q q 0 0 0 rg BT 266.95 63.85 Td (the ) Tj ET Q q 0 0 0 rg BT 281.91 63.85 Td (weighted ) Tj ET Q q 0 0 0 rg BT 321.31 63.85 Td (average ) Tj ET Q q 0 0 0 rg BT 355.13 63.85 Td (remaining ) Tj ET Q q 0 0 0 rg BT 398.42 63.85 Td (contractual ) Tj ET Q q 0 0 0 rg BT 445.58 63.85 Td (term ) Tj ET Q q 0 0 0 rg BT 466.64 63.85 Td (of ) Tj ET Q q 0 0 0 rg BT 477.71 63.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 501.56 63.85 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 51.85 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 133.12 51.85 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 181.05 51.85 Td (and ) Tj ET Q q 0 0 0 rg BT 198.45 51.85 Td (vested ) Tj ET Q q 0 0 0 rg BT 226.95 51.85 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.46 51.85 Td (3 ) Tj ET Q q 0 0 0 rg BT 253.42 51.85 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.52 51.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.98 51.85 Td (3 ) Tj ET Q q 0 0 0 rg BT 287.94 51.85 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.03 51.85 Td ( ) Tj ET Q q 0 0 0 rg BT 311.99 51.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.39 51.85 Td (3 ) Tj ET Q q 0 0 0 rg BT 337.35 51.85 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.45 51.85 Td (, ) Tj ET Q q 0 0 0 rg BT 363.90 51.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 411.56 51.85 Td (. ) Tj ET Q q 0 0 0 rg BT 417.02 51.85 Td ( ) Tj ET Q q 0 0 0 rg BT 419.77 51.85 Td (The ) Tj ET Q q 0 0 0 rg BT 438.27 51.85 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 474.00 51.85 Td (value ) Tj ET Q q 0 0 0 rg BT 498.62 51.85 Td (of ) Tj ET Q q 0 0 0 rg BT 509.90 51.85 Td (stock ) Tj ET Q endstream endobj 317 0 obj <>] /Rotate 0 /Contents 318 0 R>> endobj 318 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (options ) Tj ET Q q 0 0 0 rg BT 113.20 742.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 153.71 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.90 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.86 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 218.61 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.69 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.21 742.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 270.18 742.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 292.93 742.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 328.44 742.10 Td (during ) Tj ET Q q 0 0 0 rg BT 357.30 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.26 742.10 Td (years ) Tj ET Q q 0 0 0 rg BT 396.11 742.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.99 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.74 742.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 483.26 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.26 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.51 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.51 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.94 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.94 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.44 730.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.49 730.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.49 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.49 730.10 Td ($9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.49 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 168.49 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.43 730.10 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.43 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.43 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 248.09 730.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 706.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 160.27 706.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 184.10 706.10 Td (units ) Tj ET Q q 0 0 0 rg BT 206.27 706.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 234.00 706.10 Td (under ) Tj ET Q q 0 0 0 rg BT 259.49 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.43 706.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 303.27 706.10 Td (Plans ) Tj ET Q q 0 0 0 rg BT 327.66 706.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 346.50 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.00 706.10 Td (three ) Tj ET Q q 0 0 0 rg BT 379.71 706.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 404.09 706.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 455.14 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.87 706.10 Td (each ) Tj ET Q q 0 0 0 rg BT 488.91 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.96 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.91 706.10 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.99 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.38 694.10 Td (anniversaries ) Tj ET Q q 0 0 0 rg BT 158.52 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.25 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.86 694.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 206.80 694.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 228.34 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.74 694.10 Td (During ) Tj ET Q q 0 0 0 rg BT 261.46 694.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.07 694.10 Td (years ) Tj ET Q q 0 0 0 rg BT 299.56 694.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.44 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.83 694.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 385.99 694.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.99 694.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.88 694.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.88 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 435.77 694.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.60 694.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.60 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 477.49 694.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 506.00 694.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 682.10 Td (0 ) Tj ET Q q 0 0 0 rg BT 88.54 682.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.65 682.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.69 682.10 Td (0 ) Tj ET Q q 0 0 0 rg BT 137.23 682.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.33 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 178.37 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.35 682.10 Td (0 ) Tj ET Q q 0 0 0 rg BT 202.89 682.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.54 682.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 281.28 682.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 304.93 682.10 Td (units ) Tj ET Q q 0 0 0 rg BT 326.91 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 353.89 682.10 Td (had ) Tj ET Q q 0 0 0 rg BT 370.87 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 377.85 682.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 417.04 682.10 Td (average ) Tj ET Q q 0 0 0 rg BT 450.66 682.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 473.75 682.10 Td (date ) Tj ET Q q 0 0 0 rg BT 492.94 682.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.36 682.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 670.10 Td (per ) Tj ET Q q 0 0 0 rg BT 95.51 670.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 112.81 670.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.89 670.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.89 670.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.13 670.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.13 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 151.38 670.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.56 670.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.56 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.81 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.55 670.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 231.21 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 235.46 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.82 670.10 Td (A) Tj ET Q q 0 0 0 rg BT 243.49 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.23 670.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 284.19 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.27 670.10 Td (FGLH's ) Tj ET Q q 0 0 0 rg BT 327.82 670.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 370.11 670.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 409.06 670.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 431.91 670.10 Td (units ) Tj ET Q q 0 0 0 rg BT 453.10 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.18 670.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.25 670.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 658.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.44 658.10 Td (related ) Tj ET Q q 0 0 0 rg BT 150.14 658.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 182.63 658.10 Td (during ) Tj ET Q q 0 0 0 rg BT 211.24 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.96 658.10 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.16 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.66 658.10 Td (then ) Tj ET Q q 0 0 0 rg BT 265.38 658.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 291.76 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 300.93 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 311.76 658.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 344.26 658.10 Td (\(share ) Tj ET Q q 0 0 0 rg BT 371.19 658.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 403.68 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.96 658.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 580.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 580.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 580.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 580.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 580.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 554.60 292.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 554.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 554.60 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 554.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 554.60 75.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 593.6 m 372.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 593.6 m 451.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 593.6 m 530.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 593.6 m 451.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 541.6 m 451.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 528.6 m 451.5 528.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 597.83 Td (Restricted Stock Awards) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.00 597.83 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.55 613.83 Td (W) Tj ET Q q 0 0 0 rg BT 469.11 613.83 Td (eighted ) Tj ET Q q 0 0 0 rg BT 495.55 613.83 Td (A) Tj ET Q q 0 0 0 rg BT 500.74 613.83 Td (verage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.05 605.83 Td (Grant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 597.83 Td (Date Fair) Tj ET Q q 0 0 0 rg BT 492.51 597.83 Td ( ) Tj ET Q q 0 0 0 rg BT 494.36 597.83 Td (V) Tj ET Q q 0 0 0 rg BT 499.41 597.83 Td (alue \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 584.85 Td (Restricted shares outstanding at September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.30 584.85 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.00 584.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 584.85 Td (49.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 571.85 Td (Granted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.30 571.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 571.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 558.85 Td (V) Tj ET Q q 0 0 0 rg BT 87.89 558.85 Td (ested) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.60 558.85 Td (\(11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 558.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 558.85 Td (49.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 545.85 Td (Forfeited or expired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.30 545.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 545.85 Td (49.45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 532.85 Td (Restricted shares outstanding at September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.30 532.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 532.85 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 514.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 94.50 514.10 Td (Fair value is based on the value of FGLH) Tj ET Q q 0 0 0 rg BT 262.80 514.10 Td (s common stock, not the value of the Company) Tj ET Q q 0 0 0 rg BT 454.15 514.10 Td (s common stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 135.82 490.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 169.09 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.69 490.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 201.74 490.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 222.23 490.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 245.50 490.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 277.66 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.27 490.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 329.74 490.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 354.12 490.10 Td (units ) Tj ET Q q 0 0 0 rg BT 376.85 490.10 Td (during ) Tj ET Q q 0 0 0 rg BT 406.23 490.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.72 490.10 Td (years ) Tj ET Q q 0 0 0 rg BT 446.09 490.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.97 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.24 490.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 478.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 478.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 131.00 478.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.94 478.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.94 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.44 478.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.49 478.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.49 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.49 478.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.49 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 218.49 478.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.43 478.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.43 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 250.43 478.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 298.09 478.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 457.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 457.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 145.03 457.10 Td (also ) Tj ET Q q 0 0 0 rg BT 163.06 457.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 194.97 457.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 231.88 457.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 275.45 457.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 305.70 457.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.61 457.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 350.63 457.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 381.99 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.24 457.10 Td (FGLH) Tj ET Q q 0 0 0 rg BT 421.14 457.10 Td (s ) Tj ET Q q 0 0 0 rg BT 426.95 457.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 449.98 457.10 Td (option ) Tj ET Q q 0 0 0 rg BT 477.45 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.81 457.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 445.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 104.45 445.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 135.11 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.23 445.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 176.43 445.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.21 445.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 219.99 445.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.11 445.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.22 445.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.34 445.10 Td (an ) Tj ET Q q 0 0 0 rg BT 272.12 445.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 304.45 445.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 328.45 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.57 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.13 445.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 389.35 445.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 430.58 445.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 466.78 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.56 445.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 503.12 445.10 Td (or ) Tj ET Q q 0 0 0 rg BT 513.79 445.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 433.10 Td (service ) Tj ET Q q 0 0 0 rg BT 111.75 433.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 152.51 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.72 433.10 Td (HRG ) Tj ET Q q 0 0 0 rg BT 186.27 433.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.70 433.10 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 227.25 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.46 433.10 Td (each ) Tj ET Q q 0 0 0 rg BT 258.21 433.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 294.51 433.10 Td (year ) Tj ET Q q 0 0 0 rg BT 314.15 433.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 346.58 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.79 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.44 433.10 Td (year ) Tj ET Q q 0 0 0 rg BT 391.08 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.30 433.10 Td (which ) Tj ET Q q 0 0 0 rg BT 428.17 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.82 433.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 480.25 433.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 524.33 433.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 421.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 113.62 421.10 Td (through ) Tj ET Q q 0 0 0 rg BT 147.37 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.23 421.10 Td (year ) Tj ET Q q 0 0 0 rg BT 182.07 421.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 234.70 421.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 256.78 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.19 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.05 421.10 Td (year ) Tj ET Q q 0 0 0 rg BT 301.90 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.31 421.10 Td (which ) Tj ET Q q 0 0 0 rg BT 339.39 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.25 421.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 391.88 421.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 436.17 421.10 Td (award ) Tj ET Q q 0 0 0 rg BT 463.24 421.10 Td (vests, ) Tj ET Q q 0 0 0 rg BT 488.38 421.10 Td (divided ) Tj ET Q q 0 0 0 rg BT 521.01 421.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.86 409.10 Td (total ) Tj ET Q q 0 0 0 rg BT 116.28 409.10 Td (number ) Tj ET Q q 0 0 0 rg BT 149.47 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.44 409.10 Td (common ) Tj ET Q q 0 0 0 rg BT 198.08 409.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 225.72 409.10 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 277.53 409.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.17 409.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 320.03 409.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 364.33 409.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 395.29 409.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 427.92 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.34 409.10 Td (November ) Tj ET Q q 0 0 0 rg BT 483.19 409.10 Td (201) Tj ET Q q 0 0 0 rg BT 497.82 409.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 505.47 409.10 Td (vested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 397.10 Td (on ) Tj ET Q q 0 0 0 rg BT 93.78 397.10 Td (March ) Tj ET Q q 0 0 0 rg BT 122.67 397.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 137.95 397.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 163.24 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.02 397.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 206.02 397.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 250.46 397.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 281.56 397.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 314.33 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.90 397.10 Td (December ) Tj ET Q q 0 0 0 rg BT 368.77 397.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 391.55 397.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 419.88 397.10 Td (on ) Tj ET Q q 0 0 0 rg BT 432.67 397.10 Td (March ) Tj ET Q q 0 0 0 rg BT 461.55 397.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 476.83 397.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 502.12 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.90 397.10 Td (FGLH ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 385.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 128.09 385.10 Td (that ) Tj ET Q q 0 0 0 rg BT 145.20 385.10 Td (it ) Tj ET Q q 0 0 0 rg BT 152.88 385.10 Td (was ) Tj ET Q q 0 0 0 rg BT 170.54 385.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 207.64 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.97 385.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 259.08 385.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 302.85 385.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 333.28 385.10 Td (would ) Tj ET Q q 0 0 0 rg BT 360.39 385.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 378.62 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.17 385.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 441.15 385.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 498.80 385.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 373.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 110.66 373.10 Td (over ) Tj ET Q q 0 0 0 rg BT 130.32 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.43 373.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 181.32 373.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 224.87 373.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 255.65 373.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 289.48 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.24 373.10 Td (The ) Tj ET Q q 0 0 0 rg BT 308.68 373.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 340.57 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.79 373.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 370.46 373.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 389.57 373.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 411.46 373.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 442.25 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.47 373.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 489.36 373.10 Td (equivalent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 361.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 111.82 361.10 Td (during ) Tj ET Q q 0 0 0 rg BT 140.43 361.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.15 361.10 Td (years ) Tj ET Q q 0 0 0 rg BT 178.74 361.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.62 361.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.12 361.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 265.38 361.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.38 361.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.38 361.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.38 361.10 Td (, ) Tj ET Q q 0 0 0 rg BT 315.38 361.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.32 361.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.32 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.82 361.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.88 361.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.88 361.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.88 361.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.88 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.38 361.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.31 361.10 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.31 361.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.31 361.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 479.97 361.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 334.70 Td (\(1) Tj ET Q q 0 0 0 rg BT 88.78 334.70 Td (1\) ) Tj ET Q q 0 0 0 rg BT 99.61 334.70 Td (Income ) Tj ET Q q 0 0 0 rg BT 133.59 334.70 Td (T) Tj ET Q q 0 0 0 rg BT 139.34 334.70 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 313.70 Td (FGL) Tj ET Q q 0 0 0 rg BT 126.52 313.70 Td ( ) Tj ET Q q 0 0 0 rg BT 128.39 313.70 Td (is ) Tj ET Q q 0 0 0 rg BT 136.92 313.70 Td (a ) Tj ET Q q 0 0 0 rg BT 143.23 313.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 162.88 313.70 Td (taxpayer ) Tj ET Q q 0 0 0 rg BT 199.17 313.70 Td (and ) Tj ET Q q 0 0 0 rg BT 215.47 313.70 Td (does ) Tj ET Q q 0 0 0 rg BT 235.67 313.70 Td (not ) Tj ET Q q 0 0 0 rg BT 250.32 313.70 Td (file ) Tj ET Q q 0 0 0 rg BT 265.51 313.70 Td (income ) Tj ET Q q 0 0 0 rg BT 296.81 313.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 310.89 313.70 Td (returns ) Tj ET Q q 0 0 0 rg BT 340.53 313.70 Td (in ) Tj ET Q q 0 0 0 rg BT 350.17 313.70 Td (any ) Tj ET Q q 0 0 0 rg BT 366.48 313.70 Td (foreign ) Tj ET Q q 0 0 0 rg BT 397.22 313.70 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 444.64 313.70 Td (other ) Tj ET Q q 0 0 0 rg BT 467.05 313.70 Td (than ) Tj ET Q q 0 0 0 rg BT 486.14 313.70 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 514.11 313.70 Td (Rico. ) Tj ET Q q 0 0 0 rg BT 537.37 313.70 Td (FGL) Tj ET Q q 0 0 0 rg BT 555.34 313.70 Td () Tj ET Q q 0 0 0 rg BT 558.12 313.70 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 301.70 Td (non-life ) Tj ET Q q 0 0 0 rg BT 116.85 301.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 168.25 301.70 Td (file ) Tj ET Q q 0 0 0 rg BT 185.77 301.70 Td (as ) Tj ET Q q 0 0 0 rg BT 198.29 301.70 Td (part ) Tj ET Q q 0 0 0 rg BT 218.03 301.70 Td (of ) Tj ET Q q 0 0 0 rg BT 230.55 301.70 Td (HRG) Tj ET Q q 0 0 0 rg BT 254.44 301.70 Td (s ) Tj ET Q q 0 0 0 rg BT 262.52 301.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 317.26 301.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 339.23 301.70 Td (Federal ) Tj ET Q q 0 0 0 rg BT 373.41 301.70 Td (income ) Tj ET Q q 0 0 0 rg BT 407.03 301.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 423.44 301.70 Td (return. ) Tj ET Q q 0 0 0 rg BT 454.01 301.70 Td (FGL) Tj ET Q q 0 0 0 rg BT 471.98 301.70 Td () Tj ET Q q 0 0 0 rg BT 474.76 301.70 Td (s ) Tj ET Q q 0 0 0 rg BT 482.84 301.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 525.35 301.70 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 289.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 129.83 289.70 Td (file ) Tj ET Q q 0 0 0 rg BT 144.76 289.70 Td (their ) Tj ET Q q 0 0 0 rg BT 164.69 289.70 Td (own ) Tj ET Q q 0 0 0 rg BT 183.52 289.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 235.68 289.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 255.07 289.70 Td (Federal ) Tj ET Q q 0 0 0 rg BT 286.66 289.70 Td (life ) Tj ET Q q 0 0 0 rg BT 301.60 289.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 341.52 289.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 355.35 289.70 Td (return ) Tj ET Q q 0 0 0 rg BT 380.83 289.70 Td (and ) Tj ET Q q 0 0 0 rg BT 396.88 289.70 Td (will ) Tj ET Q q 0 0 0 rg BT 414.04 289.70 Td (not ) Tj ET Q q 0 0 0 rg BT 428.43 289.70 Td (be ) Tj ET Q q 0 0 0 rg BT 439.48 289.70 Td (eligible ) Tj ET Q q 0 0 0 rg BT 471.08 289.70 Td (to ) Tj ET Q q 0 0 0 rg BT 480.47 289.70 Td (join ) Tj ET Q q 0 0 0 rg BT 497.63 289.70 Td (the ) Tj ET Q q 0 0 0 rg BT 511.46 289.70 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 277.70 Td (HRG ) Tj ET Q q 0 0 0 rg BT 105.19 277.70 Td (return ) Tj ET Q q 0 0 0 rg BT 132.14 277.70 Td (until ) Tj ET Q q 0 0 0 rg BT 153.54 277.70 Td (January ) Tj ET Q q 0 0 0 rg BT 187.71 277.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 198.29 277.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 223.64 277.70 Td (The ) Tj ET Q q 0 0 0 rg BT 242.26 277.70 Td (income ) Tj ET Q q 0 0 0 rg BT 274.76 277.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 290.05 277.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 330.34 277.70 Td (of ) Tj ET Q q 0 0 0 rg BT 341.75 277.70 Td (the ) Tj ET Q q 0 0 0 rg BT 357.04 277.70 Td (FGL) Tj ET Q q 0 0 0 rg BT 375.56 277.70 Td ( ) Tj ET Q q 0 0 0 rg BT 378.63 277.70 Td (members ) Tj ET Q q 0 0 0 rg BT 418.36 277.70 Td (of ) Tj ET Q q 0 0 0 rg BT 429.76 277.70 Td (the ) Tj ET Q q 0 0 0 rg BT 445.05 277.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 498.66 277.70 Td (HRG ) Tj ET Q q 0 0 0 rg BT 522.85 277.70 Td (return ) Tj ET Q q 0 0 0 rg BT 549.80 277.70 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 265.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 124.03 265.70 Td (using ) Tj ET Q q 0 0 0 rg BT 148.20 265.70 Td (the ) Tj ET Q q 0 0 0 rg BT 162.91 265.70 Td (separate ) Tj ET Q q 0 0 0 rg BT 198.17 265.70 Td (return ) Tj ET Q q 0 0 0 rg BT 224.54 265.70 Td (method.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 246.70 Td (Income ) Tj ET Q q 0 0 0 rg BT 140.04 246.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 154.31 246.70 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 195.24 246.70 Td (benefit ) Tj ET Q q 0 0 0 rg BT 225.06 246.70 Td (was ) Tj ET Q q 0 0 0 rg BT 242.66 246.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 285.25 246.70 Td (based ) Tj ET Q q 0 0 0 rg BT 310.07 246.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 332.13 246.70 Td (the ) Tj ET Q q 0 0 0 rg BT 346.40 246.70 Td (following ) Tj ET Q q 0 0 0 rg BT 387.34 246.70 Td (components ) Tj ET Q q 0 0 0 rg BT 437.72 246.70 Td (of ) Tj ET Q q 0 0 0 rg BT 448.11 246.70 Td (income ) Tj ET Q q 0 0 0 rg BT 479.60 246.70 Td (before ) Tj ET Q q 0 0 0 rg BT 507.19 246.70 Td (income ) Tj ET Q q 0 0 0 rg BT 538.68 246.70 Td (taxes:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 210.20 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 210.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 210.20 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 210.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 210.20 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 210.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 210.20 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 184.20 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 184.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 184.20 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 184.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 184.20 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 184.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 184.20 44.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 223.20000000000005 m 435.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 223.20000000000005 m 439.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 223.20000000000005 m 483.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 223.20000000000005 m 487.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 223.20000000000005 m 531.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 223.20000000000005 m 435.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 210.20000000000005 m 435.5 210.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 223.20000000000005 m 439.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 223.20000000000005 m 483.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 210.20000000000005 m 483.5 210.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 223.20000000000005 m 487.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 223.20000000000005 m 531.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 210.20000000000005 m 531.5 210.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 171.20000000000005 m 435.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 159.20000000000005 m 435.5 159.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 157.20000000000005 m 435.5 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 171.20000000000005 m 483.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 159.20000000000005 m 483.5 159.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 157.20000000000005 m 483.5 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 171.20000000000005 m 531.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 159.20000000000005 m 531.5 159.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 157.20000000000005 m 531.5 157.20000000000005 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 226.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.45 227.43 Td (Year ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 213.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.00 214.43 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 214.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.00 214.43 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 201.45 Td (Pretax income \(loss\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 188.45 Td (United States) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 188.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 188.45 Td (153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 188.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.25 188.45 Td (182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 188.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 188.45 Td (189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 175.45 Td (Outside the United States) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 175.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 175.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 175.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 162.45 Td (Total pretax income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 162.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 162.45 Td (153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 162.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.25 162.45 Td (182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 162.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 162.45 Td (189) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 319 0 obj <>] /Rotate 0 /Contents 320 0 R>> endobj 320 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.05 742.10 Td (components ) Tj ET Q q 0 0 0 rg BT 176.87 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.70 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 219.64 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.35 742.10 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 275.72 742.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 305.98 742.10 Td (were ) Tj ET Q q 0 0 0 rg BT 327.91 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 338.74 742.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 705.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 705.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 705.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 705.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 705.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 705.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 705.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 679.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 679.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 679.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 679.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 679.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 679.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 679.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 653.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 653.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 653.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 653.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 653.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 653.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 653.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 627.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 627.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 627.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 627.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 627.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 627.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 627.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 601.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 601.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 601.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 601.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 601.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 601.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 601.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 575.60 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 575.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 575.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 575.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 575.60 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 575.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 575.60 44.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 718.6 m 435.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 718.6 m 439.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 718.6 m 483.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 718.6 m 487.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 718.6 m 531.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 718.6 m 435.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 705.6 m 435.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 718.6 m 439.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 718.6 m 483.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 705.6 m 483.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 718.6 m 487.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 718.6 m 531.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 705.6 m 531.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 666.6 m 435.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 653.6 m 435.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 666.6 m 439.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 653.6 m 439.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 666.6 m 483.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 653.6 m 483.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 666.6 m 487.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 653.6 m 487.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 666.6 m 531.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 653.6 m 531.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 601.6 m 435.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 588.6 m 435.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 601.6 m 483.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 588.6 m 483.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 601.6 m 531.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 588.6 m 531.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 575.6 m 435.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 563.6 m 435.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 561.6 m 435.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 575.6 m 483.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 563.6 m 483.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 561.6 m 483.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 575.6 m 531.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 563.6 m 531.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 561.6 m 531.5 561.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 722.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.45 722.83 Td (Year ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 709.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.00 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 709.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.00 709.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 696.85 Td (Current:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 696.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 696.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 683.85 Td (Federal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 683.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.60 683.85 Td (\(5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 683.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 683.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 683.85 Td (\(14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 683.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 683.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 683.85 Td (\(51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 683.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 670.85 Td (State) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 670.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 670.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 670.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 657.85 Td (Total current) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 657.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.60 657.85 Td (\(5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 657.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 657.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 657.85 Td (\(14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 657.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 657.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 657.85 Td (\(51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 657.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 644.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 631.85 Td (Deferred:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 618.85 Td (Federal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 618.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.60 618.85 Td (\(51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 618.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 618.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 618.85 Td (\(50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 618.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 618.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 618.85 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 605.85 Td (State) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 605.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 605.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 605.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 592.85 Td (Total deferred) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 592.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.60 592.85 Td (\(51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 592.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 592.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 592.85 Td (\(50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 592.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 592.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 592.85 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 579.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 566.85 Td (Income tax \(expense\)/benefit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 566.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.60 566.85 Td (\(56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 566.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 566.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 566.85 Td (\(64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 566.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 566.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 566.85 Td (\(26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 566.85 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 542.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.26 542.10 Td (dif) Tj ET Q q 0 0 0 rg BT 137.18 542.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 169.31 542.10 Td (between ) Tj ET Q q 0 0 0 rg BT 205.33 542.10 Td (income ) Tj ET Q q 0 0 0 rg BT 237.47 542.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 260.73 542.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 298.97 542.10 Td (at ) Tj ET Q q 0 0 0 rg BT 308.90 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.82 542.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 344.31 542.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 377.01 542.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 414.71 542.10 Td (income ) Tj ET Q q 0 0 0 rg BT 446.86 542.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 461.78 542.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 479.48 542.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.51 542.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.84 542.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.55 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.70 542.10 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 530.10 Td (income ) Tj ET Q q 0 0 0 rg BT 112.93 530.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 127.65 530.10 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 169.02 530.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 199.28 530.10 Td (is ) Tj ET Q q 0 0 0 rg BT 208.45 530.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 259.82 530.10 Td (as ) Tj ET Q q 0 0 0 rg BT 270.65 530.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 489.60 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 489.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 489.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 489.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 489.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 489.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 489.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 461.60 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 461.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 461.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 461.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 461.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 461.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 461.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 433.60 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 433.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 433.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 433.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 433.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 433.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 433.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 405.60 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 405.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 405.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 405.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 405.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 405.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 405.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 377.60 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 377.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 377.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 377.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 377.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 377.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 377.60 44.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 504.6 m 435.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 504.6 m 439.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 504.6 m 483.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 504.6 m 487.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 504.6 m 531.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 504.6 m 435.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 489.6 m 435.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 504.6 m 439.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 504.6 m 483.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 489.6 m 483.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 504.6 m 487.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 504.6 m 531.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 489.6 m 531.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 405.6 m 435.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 392.6 m 435.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 390.6 m 435.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 405.6 m 483.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 392.6 m 483.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 390.6 m 483.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 405.6 m 531.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 392.6 m 531.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 390.6 m 531.5 390.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 509.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.45 508.83 Td (Year ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 494.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.00 493.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 493.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.00 493.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 479.85 Td (Expected income tax \(expense\)/benefit at Federal statutory rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 479.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.60 479.85 Td (\(54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 479.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 479.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 479.85 Td (\(64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 479.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 479.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 479.85 Td (\(66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 479.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 465.85 Td (Valuation allowance for deferred tax assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 465.85 Td (69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 465.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 465.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 465.85 Td (40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 451.85 Td (Amortization of low income housing tax credits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.60 451.85 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 451.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 451.85 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 451.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 451.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 437.85 Td (Benefit on LIHTC under proportional amortization method) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 437.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 437.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 437.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 423.85 Td (Write off of expired capital loss carryforward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.60 423.85 Td (\(73) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 423.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.25 423.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 423.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 409.85 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 409.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 409.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 409.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 395.85 Td (Reported income tax \(expense\)/benefit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 395.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.60 395.85 Td (\(56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 395.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 395.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 395.85 Td (\(64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 395.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 395.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 395.85 Td (\(26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 395.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 367.85 Td (Effective tax rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 367.85 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 367.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.25 367.85 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 367.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 367.85 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 367.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 343.10 Td (For ) Tj ET Q q 0 0 0 rg BT 121.69 343.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.71 343.10 Td (year ) Tj ET Q q 0 0 0 rg BT 156.72 343.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.60 343.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.40 343.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 243.96 343.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.96 343.10 Td (, ) Tj ET Q q 0 0 0 rg BT 269.27 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.29 343.10 Td (Company) Tj ET Q q 0 0 0 rg BT 325.95 343.10 Td (s ) Tj ET Q q 0 0 0 rg BT 332.64 343.10 Td (ef) Tj ET Q q 0 0 0 rg BT 340.23 343.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 370.24 343.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 385.25 343.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 403.04 343.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.39 343.10 Td (37%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.72 343.10 Td (. ) Tj ET Q q 0 0 0 rg BT 445.03 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.63 343.10 Td (The ) Tj ET Q q 0 0 0 rg BT 465.97 343.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 502.65 343.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 532.66 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.79 343.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 331.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 121.64 331.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 165.59 331.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 201.22 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.98 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.62 331.10 Td (non-life ) Tj ET Q q 0 0 0 rg BT 263.70 331.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 309.89 331.10 Td (was ) Tj ET Q q 0 0 0 rg BT 328.86 331.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 365.61 331.10 Td (of) Tj ET Q q 0 0 0 rg BT 373.76 331.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 391.62 331.10 Td (by ) Tj ET Q q 0 0 0 rg BT 405.04 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.69 331.10 Td (net ) Tj ET Q q 0 0 0 rg BT 436.33 331.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 466.96 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.72 331.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 513.81 331.10 Td (permanent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 319.10 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 136.68 319.10 Td (including ) Tj ET Q q 0 0 0 rg BT 179.86 319.10 Td (low ) Tj ET Q q 0 0 0 rg BT 200.26 319.10 Td (income ) Tj ET Q q 0 0 0 rg BT 235.10 319.10 Td (housing ) Tj ET Q q 0 0 0 rg BT 272.17 319.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 289.80 319.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 321.86 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.70 319.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 385.99 319.10 Td (received ) Tj ET Q q 0 0 0 rg BT 425.26 319.10 Td (deduction. ) Tj ET Q q 0 0 0 rg BT 472.60 319.10 Td (For ) Tj ET Q q 0 0 0 rg BT 491.89 319.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.51 319.10 Td (year ) Tj ET Q q 0 0 0 rg BT 532.13 319.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.00 319.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 307.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.65 307.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.65 307.10 Td (, ) Tj ET Q q 0 0 0 rg BT 167.04 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.15 307.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 225.58 307.10 Td (unutilized ) Tj ET Q q 0 0 0 rg BT 268.46 307.10 Td (life ) Tj ET Q q 0 0 0 rg BT 284.68 307.10 Td (company ) Tj ET Q q 0 0 0 rg BT 324.22 307.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 353.76 307.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 372.21 307.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 431.18 307.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 467.38 307.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 482.48 307.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 508.70 307.10 Td (expired ) Tj ET Q q 0 0 0 rg BT 541.58 307.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 295.10 Td (were ) Tj ET Q q 0 0 0 rg BT 103.50 295.10 Td (written ) Tj ET Q q 0 0 0 rg BT 134.89 295.10 Td (of) Tj ET Q q 0 0 0 rg BT 143.04 295.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 151.94 295.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 190.01 295.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.86 295.10 Td ($73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.86 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.93 295.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.78 295.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 266.15 295.10 Td (income ) Tj ET Q q 0 0 0 rg BT 298.66 295.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 313.94 295.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 349.22 295.10 Td (which ) Tj ET Q q 0 0 0 rg BT 376.73 295.10 Td (was ) Tj ET Q q 0 0 0 rg BT 395.35 295.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 428.96 295.10 Td (of) Tj ET Q q 0 0 0 rg BT 437.11 295.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 454.62 295.10 Td (by ) Tj ET Q q 0 0 0 rg BT 467.69 295.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.20 295.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 515.48 295.10 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 283.10 Td (release ) Tj ET Q q 0 0 0 rg BT 111.25 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.08 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.80 283.10 Td (same ) Tj ET Q q 0 0 0 rg BT 159.85 283.10 Td (amount.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 264.10 Td (For ) Tj ET Q q 0 0 0 rg BT 122.60 264.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.53 264.10 Td (year ) Tj ET Q q 0 0 0 rg BT 159.45 264.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.33 264.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.04 264.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 248.51 264.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.51 264.10 Td (, ) Tj ET Q q 0 0 0 rg BT 274.72 264.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.65 264.10 Td (Company) Tj ET Q q 0 0 0 rg BT 332.31 264.10 Td (s ) Tj ET Q q 0 0 0 rg BT 339.92 264.10 Td (ef) Tj ET Q q 0 0 0 rg BT 347.50 264.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 378.42 264.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 394.35 264.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 413.04 264.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.30 264.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.63 264.10 Td (. ) Tj ET Q q 0 0 0 rg BT 456.58 264.10 Td (The ) Tj ET Q q 0 0 0 rg BT 475.84 264.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 506.76 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 264.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 252.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 124.03 252.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 158.74 252.10 Td (was ) Tj ET Q q 0 0 0 rg BT 176.79 252.10 Td (of) Tj ET Q q 0 0 0 rg BT 184.94 252.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 201.88 252.10 Td (by ) Tj ET Q q 0 0 0 rg BT 214.38 252.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.10 252.10 Td (net ) Tj ET Q q 0 0 0 rg BT 243.81 252.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 273.52 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.35 252.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 318.52 252.10 Td (permanent ) Tj ET Q q 0 0 0 rg BT 363.22 252.10 Td (adjustments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 233.10 Td (For ) Tj ET Q q 0 0 0 rg BT 121.29 233.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.90 233.10 Td (year ) Tj ET Q q 0 0 0 rg BT 155.51 233.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.38 233.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.78 233.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 241.94 233.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.94 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.84 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.46 233.10 Td (Company) Tj ET Q q 0 0 0 rg BT 323.12 233.10 Td (s ) Tj ET Q q 0 0 0 rg BT 329.41 233.10 Td (ef) Tj ET Q q 0 0 0 rg BT 337.00 233.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 366.60 233.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 381.21 233.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 398.59 233.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.32 233.10 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.55 233.10 Td (was ) Tj ET Q q 0 0 0 rg BT 450.50 233.10 Td (positively ) Tj ET Q q 0 0 0 rg BT 492.34 233.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 531.39 233.10 Td (by ) Tj ET Q q 0 0 0 rg BT 543.78 233.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 221.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 108.46 221.10 Td (release ) Tj ET Q q 0 0 0 rg BT 138.13 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.38 221.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 187.51 221.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 229.96 221.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 270.20 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.90 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.04 221.10 Td (Company) Tj ET Q q 0 0 0 rg BT 335.70 221.10 Td (s ) Tj ET Q q 0 0 0 rg BT 341.51 221.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 406.20 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.44 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.80 221.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 436.94 221.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 473.85 221.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 507.43 221.10 Td (that ) Tj ET Q q 0 0 0 rg BT 524.34 221.10 Td (allowed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.90 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.36 209.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 158.15 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.73 209.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 201.62 209.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 221.42 209.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 246.21 209.10 Td (forwards ) Tj ET Q q 0 0 0 rg BT 285.99 209.10 Td (that ) Tj ET Q q 0 0 0 rg BT 305.23 209.10 Td (management ) Tj ET Q q 0 0 0 rg BT 360.56 209.10 Td (originally ) Tj ET Q q 0 0 0 rg BT 403.69 209.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 449.02 209.10 Td (were ) Tj ET Q q 0 0 0 rg BT 472.69 209.10 Td (more-likely-than-not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 197.10 Td (unrealizable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 178.10 Td (For ) Tj ET Q q 0 0 0 rg BT 124.20 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.73 178.10 Td (year ) Tj ET Q q 0 0 0 rg BT 158.24 178.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.43 178.10 Td (September ) Tj ET Q q 0 0 0 rg BT 229.50 178.10 Td (30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 178.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.31 178.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.31 178.10 Td (, ) Tj ET Q q 0 0 0 rg BT 269.12 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.64 178.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 324.84 178.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 362.12 178.10 Td (net ) Tj ET Q q 0 0 0 rg BT 376.65 178.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 416.17 178.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 459.01 178.10 Td (release ) Tj ET Q q 0 0 0 rg BT 489.07 178.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.71 178.10 Td ($69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.71 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 517.02 178.10 Td (\(comprised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.02 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.15 166.10 Td (full ) Tj ET Q q 0 0 0 rg BT 112.73 166.10 Td (year ) Tj ET Q q 0 0 0 rg BT 131.63 166.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 170.53 166.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 212.76 166.10 Td (release ) Tj ET Q q 0 0 0 rg BT 242.20 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.23 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.92 166.10 Td ($74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.92 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.61 166.10 Td (related ) Tj ET Q q 0 0 0 rg BT 299.50 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.97 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.88 166.10 Td (life ) Tj ET Q q 0 0 0 rg BT 337.90 166.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 377.91 166.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 424.86 166.10 Td (of) Tj ET Q q 0 0 0 rg BT 433.01 166.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 449.14 166.10 Td (by ) Tj ET Q q 0 0 0 rg BT 460.83 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.96 166.10 Td (net ) Tj ET Q q 0 0 0 rg BT 480.87 166.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 515.32 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.79 166.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 154.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 123.26 154.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.31 154.10 Td ($5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.31 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.04 154.10 Td (related ) Tj ET Q q 0 0 0 rg BT 173.97 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.47 154.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 201.45 154.10 Td () Tj ET Q q 0 0 0 rg BT 204.23 154.10 Td (s ) Tj ET Q q 0 0 0 rg BT 209.84 154.10 Td (non-life ) Tj ET Q q 0 0 0 rg BT 243.22 154.10 Td (companies\). ) Tj ET Q q 0 0 0 rg BT 293.54 154.10 Td (During ) Tj ET Q q 0 0 0 rg BT 323.60 154.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.54 154.10 Td (year ) Tj ET Q q 0 0 0 rg BT 356.48 154.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.35 154.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.08 154.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 441.57 154.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.57 154.10 Td (, ) Tj ET Q q 0 0 0 rg BT 465.79 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.74 154.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 522.01 154.10 Td (unutilized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 142.10 Td (life ) Tj ET Q q 0 0 0 rg BT 96.18 142.10 Td (company ) Tj ET Q q 0 0 0 rg BT 134.68 142.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 163.19 142.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 180.60 142.10 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 234.64 142.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 269.80 142.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.87 142.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 309.05 142.10 Td (expired ) Tj ET Q q 0 0 0 rg BT 340.89 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.18 142.10 Td (were ) Tj ET Q q 0 0 0 rg BT 378.46 142.10 Td (written ) Tj ET Q q 0 0 0 rg BT 408.63 142.10 Td (of) Tj ET Q q 0 0 0 rg BT 416.78 142.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 424.47 142.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 461.31 142.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.94 142.10 Td ($73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.94 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.80 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.43 142.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 532.58 142.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 130.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.51 130.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 132.51 130.10 Td (Most ) Tj ET Q q 0 0 0 rg BT 155.37 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.99 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.50 130.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 220.01 130.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 262.83 130.10 Td (release ) Tj ET Q q 0 0 0 rg BT 292.88 130.10 Td (during ) Tj ET Q q 0 0 0 rg BT 321.28 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.79 130.10 Td (year ) Tj ET Q q 0 0 0 rg BT 355.30 130.10 Td (was ) Tj ET Q q 0 0 0 rg BT 373.14 130.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 420.97 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.04 130.10 Td (this ) Tj ET Q q 0 0 0 rg BT 447.79 130.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 479.81 130.10 Td (f. ) Tj ET Q q 0 0 0 rg BT 487.94 130.10 Td (For ) Tj ET Q q 0 0 0 rg BT 504.12 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.63 130.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.13 130.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 118.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.77 118.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.77 118.10 Td (, ) Tj ET Q q 0 0 0 rg BT 167.28 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.50 118.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 224.39 118.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 262.38 118.10 Td (net ) Tj ET Q q 0 0 0 rg BT 277.60 118.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 317.82 118.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 361.36 118.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 396.57 118.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.91 118.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.91 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.92 118.10 Td (\(comprised ) Tj ET Q q 0 0 0 rg BT 468.91 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.25 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.69 118.10 Td (full ) Tj ET Q q 0 0 0 rg BT 504.58 118.10 Td (year ) Tj ET Q q 0 0 0 rg BT 524.80 118.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 106.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 123.39 106.10 Td (release ) Tj ET Q q 0 0 0 rg BT 153.01 106.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.20 106.10 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.20 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.06 106.10 Td (related ) Tj ET Q q 0 0 0 rg BT 204.13 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.77 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.85 106.10 Td (life ) Tj ET Q q 0 0 0 rg BT 243.03 106.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 283.21 106.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 330.34 106.10 Td (of) Tj ET Q q 0 0 0 rg BT 338.49 106.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 354.79 106.10 Td (by ) Tj ET Q q 0 0 0 rg BT 366.65 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.95 106.10 Td (net ) Tj ET Q q 0 0 0 rg BT 387.03 106.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 421.64 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.28 106.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 470.36 106.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 512.75 106.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.94 106.10 Td ($5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.94 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.80 106.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.92 94.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 109.89 94.10 Td () Tj ET Q q 0 0 0 rg BT 112.67 94.10 Td (s ) Tj ET Q q 0 0 0 rg BT 119.70 94.10 Td (non-life ) Tj ET Q q 0 0 0 rg BT 154.49 94.10 Td (companies\). ) Tj ET Q q 0 0 0 rg BT 206.23 94.10 Td (For ) Tj ET Q q 0 0 0 rg BT 223.26 94.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.61 94.10 Td (year ) Tj ET Q q 0 0 0 rg BT 258.96 94.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.83 94.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.97 94.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 346.88 94.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.88 94.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.51 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.87 94.10 Td (company ) Tj ET Q q 0 0 0 rg BT 427.66 94.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 465.78 94.10 Td (net ) Tj ET Q q 0 0 0 rg BT 481.13 94.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 521.48 94.10 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 82.10 Td (release ) Tj ET Q q 0 0 0 rg BT 110.59 82.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.75 82.10 Td ($40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.75 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.58 82.10 Td (\(comprised ) Tj ET Q q 0 0 0 rg BT 184.40 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.56 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.83 82.10 Td (full ) Tj ET Q q 0 0 0 rg BT 216.55 82.10 Td (year ) Tj ET Q q 0 0 0 rg BT 235.59 82.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 274.64 82.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 317.00 82.10 Td (release ) Tj ET Q q 0 0 0 rg BT 346.59 82.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.75 82.10 Td ($43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.75 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.58 82.10 Td (related ) Tj ET Q q 0 0 0 rg BT 402.62 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.23 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.28 82.10 Td (life ) Tj ET Q q 0 0 0 rg BT 441.44 82.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 481.58 82.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 528.68 82.10 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 70.10 Td (of) Tj ET Q q 0 0 0 rg BT 89.15 70.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 106.09 70.10 Td (by ) Tj ET Q q 0 0 0 rg BT 118.59 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.53 70.10 Td (net ) Tj ET Q q 0 0 0 rg BT 140.24 70.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 175.50 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.78 70.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 225.49 70.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 268.52 70.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.35 70.10 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.35 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.85 70.10 Td (related ) Tj ET Q q 0 0 0 rg BT 321.55 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.83 70.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 349.80 70.10 Td () Tj ET Q q 0 0 0 rg BT 352.58 70.10 Td (s ) Tj ET Q q 0 0 0 rg BT 358.97 70.10 Td (non-life ) Tj ET Q q 0 0 0 rg BT 393.13 70.10 Td (companies\).) Tj ET Q endstream endobj 321 0 obj <>] /Rotate 0 /Contents 322 0 R>> endobj 322 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.68 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 168.69 742.10 Td (records ) Tj ET Q q 0 0 0 rg BT 201.25 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 216.60 742.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 251.94 742.10 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 289.49 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 307.61 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 336.85 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 359.42 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 366.99 742.10 Td (change ) Tj ET Q q 0 0 0 rg BT 398.43 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.34 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 433.02 742.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 496.68 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 529.25 742.10 Td (\(OCI\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 114.08 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.40 730.10 Td (OCI. ) Tj ET Q q 0 0 0 rg BT 146.47 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 151.88 730.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 163.86 730.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 198.60 730.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 236.12 730.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 269.20 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.51 730.10 Td (OCI ) Tj ET Q q 0 0 0 rg BT 299.27 730.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 335.14 730.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 370.98 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 385.74 730.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 420.48 730.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 450.24 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 472.21 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.19 730.10 Td (change ) Tj ET Q q 0 0 0 rg BT 510.04 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.36 730.10 Td (unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 100.51 718.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 125.02 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.31 718.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 188.19 718.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 209.35 718.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 249.41 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.14 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.43 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.93 718.10 Td (tax-ef) Tj ET Q q 0 0 0 rg BT 306.07 718.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 327.24 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.86 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 360.69 718.10 Td (income ) Tj ET Q q 0 0 0 rg BT 392.42 718.10 Td (items ) Tj ET Q q 0 0 0 rg BT 416.37 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 433.66 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 448.15 718.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 485.42 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.49 718.10 Td (OCI. ) Tj ET Q q 0 0 0 rg BT 517.50 718.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 554.23 718.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 121.19 706.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 164.70 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.68 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 197.87 706.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 224.73 706.10 Td (due ) Tj ET Q q 0 0 0 rg BT 242.15 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.91 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.33 706.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 296.61 706.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 311.81 706.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 345.90 706.10 Td (related ) Tj ET Q q 0 0 0 rg BT 376.08 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.84 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.04 706.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 446.66 706.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 466.85 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 479.83 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 492.25 706.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 543.13 706.10 Td (-sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 694.10 Td (security ) Tj ET Q q 0 0 0 rg BT 116.49 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 132.52 694.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 172.44 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.05 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 208.43 694.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 272.79 694.10 Td (income ) Tj ET Q q 0 0 0 rg BT 306.06 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.67 694.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 366.46 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 387.22 694.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 410.50 694.10 Td (740-10-45-20, ) Tj ET Q q 0 0 0 rg BT 471.82 694.10 Td ("Income ) Tj ET Q q 0 0 0 rg BT 509.45 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 514.86 694.10 Td (axes: ) Tj ET Q q 0 0 0 rg BT 539.23 694.10 Td (Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 682.10 Td (Presentation ) Tj ET Q q 0 0 0 rg BT 133.74 682.10 Td (Matters" ) Tj ET Q q 0 0 0 rg BT 171.67 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 177.48 682.10 Td (For ) Tj ET Q q 0 0 0 rg BT 194.68 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.20 682.10 Td (year ) Tj ET Q q 0 0 0 rg BT 230.71 682.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.59 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.89 682.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 318.96 682.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.96 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.77 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.29 682.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 402.48 682.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.77 682.10 Td ($188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.77 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.07 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.16 682.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 511.77 682.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 527.29 682.10 Td (expense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 670.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 116.82 670.10 Td (of) Tj ET Q q 0 0 0 rg BT 124.97 670.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 141.91 670.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.41 670.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.41 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.91 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.19 670.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 216.90 670.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 259.93 670.10 Td (release, ) Tj ET Q q 0 0 0 rg BT 292.68 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.96 670.10 Td (OCI.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 649.10 Td (An ) Tj ET Q q 0 0 0 rg BT 122.61 649.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 151.11 649.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 165.71 649.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 195.87 649.10 Td (is ) Tj ET Q q 0 0 0 rg BT 204.93 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.54 649.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 253.58 649.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 268.19 649.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 298.34 649.10 Td (related ) Tj ET Q q 0 0 0 rg BT 327.94 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.11 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.72 649.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 385.10 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.83 649.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 439.87 649.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 497.80 649.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 516.31 649.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 552.01 649.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 637.10 Td (an ) Tj ET Q q 0 0 0 rg BT 93.16 637.10 Td (employer) Tj ET Q q 0 0 0 rg BT 131.30 637.10 Td () Tj ET Q q 0 0 0 rg BT 134.08 637.10 Td (s ) Tj ET Q q 0 0 0 rg BT 140.69 637.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 155.63 637.10 Td (return ) Tj ET Q q 0 0 0 rg BT 182.24 637.10 Td (for ) Tj ET Q q 0 0 0 rg BT 196.62 637.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 224.34 637.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 273.73 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.23 637.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 313.06 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.11 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.05 637.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 397.32 637.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 416.15 637.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.54 637.10 Td (those ) Tj ET Q q 0 0 0 rg BT 454.37 637.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 503.76 637.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 550.35 637.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 625.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.77 625.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 160.21 625.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 201.78 625.10 Td (The ) Tj ET Q q 0 0 0 rg BT 221.11 625.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 263.79 625.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 298.40 625.10 Td (ASU-2016-09 ) Tj ET Q q 0 0 0 rg BT 358.85 625.10 Td (\(Stock ) Tj ET Q q 0 0 0 rg BT 388.75 625.10 Td (Compensation\) ) Tj ET Q q 0 0 0 rg BT 453.64 625.10 Td (ef) Tj ET Q q 0 0 0 rg BT 461.22 625.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 492.21 625.10 Td (October ) Tj ET Q q 0 0 0 rg BT 528.21 625.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 539.50 625.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 564.50 625.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 613.10 Td (ASU-2016-09 ) Tj ET Q q 0 0 0 rg BT 139.53 613.10 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 182.49 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.57 613.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 246.74 613.10 Td (for ) Tj ET Q q 0 0 0 rg BT 260.26 613.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 288.22 613.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 302.30 613.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 335.82 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.46 613.10 Td (be ) Tj ET Q q 0 0 0 rg BT 356.76 613.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 393.59 613.10 Td (as ) Tj ET Q q 0 0 0 rg BT 403.79 613.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 445.64 613.10 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 475.83 613.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 504.34 613.10 Td (when ) Tj ET Q q 0 0 0 rg BT 527.86 613.10 Td (realized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 601.10 Td (For ) Tj ET Q q 0 0 0 rg BT 96.73 601.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.78 601.10 Td (year ) Tj ET Q q 0 0 0 rg BT 129.83 601.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.70 601.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.54 601.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 215.14 601.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.14 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 239.48 601.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 258.00 601.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.84 601.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 601.10 Td (all) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 601.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.48 601.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 336.42 601.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 350.47 601.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 383.97 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.58 601.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.64 601.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 462.25 601.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 507.97 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.13 601.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 589.10 Td (as ) Tj ET Q q 0 0 0 rg BT 91.83 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 98.78 589.10 Td (component ) Tj ET Q q 0 0 0 rg BT 145.72 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.55 589.10 Td (current ) Tj ET Q q 0 0 0 rg BT 187.37 589.10 Td (income ) Tj ET Q q 0 0 0 rg BT 219.31 589.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.03 589.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 268.74 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.03 589.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 326.49 589.10 Td (with ) Tj ET Q q 0 0 0 rg BT 346.78 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.50 589.10 Td (newly ) Tj ET Q q 0 0 0 rg BT 388.44 589.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 422.60 589.10 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 463.70 589.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 491.75 589.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 513.12 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.41 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.13 589.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 577.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 91.00 577.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 136.83 577.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 185.99 577.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 220.15 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.09 577.10 Td (Practices ) Tj ET Q q 0 0 0 rg BT 280.12 577.10 Td (section ) Tj ET Q q 0 0 0 rg BT 310.95 577.10 Td (for ) Tj ET Q q 0 0 0 rg BT 325.11 577.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 367.60 577.10 Td (information ) Tj ET Q q 0 0 0 rg BT 417.31 577.10 Td (on ) Tj ET Q q 0 0 0 rg BT 429.26 577.10 Td (ASU-2016-09. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 556.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.05 556.10 Td (following ) Tj ET Q q 0 0 0 rg BT 167.43 556.10 Td (table ) Tj ET Q q 0 0 0 rg BT 189.37 556.10 Td (is ) Tj ET Q q 0 0 0 rg BT 198.54 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.48 556.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 245.19 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.02 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.74 556.10 Td (components ) Tj ET Q q 0 0 0 rg BT 321.56 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.39 556.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 368.20 556.10 Td (income ) Tj ET Q q 0 0 0 rg BT 400.13 556.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 414.85 556.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 440.68 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.62 556.10 Td (liabilities:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 515.60 341.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 515.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 515.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 515.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 515.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 487.60 341.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 487.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 487.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 487.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 487.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 459.60 341.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 459.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 459.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 459.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 459.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 431.60 341.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 431.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 431.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 403.60 341.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 403.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 403.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 403.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 403.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 375.60 341.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 375.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 375.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 375.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 375.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 347.60 341.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 347.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 347.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 347.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 347.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 319.60 341.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 319.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 319.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 319.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 319.60 54.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 530.6 m 473.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 530.6 m 477.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 530.6 m 531.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 530.6 m 473.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 515.6 m 473.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 530.6 m 477.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 530.6 m 531.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 515.6 m 531.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 431.6 m 473.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 417.6 m 473.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 431.6 m 531.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 417.6 m 531.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 333.6 m 473.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 319.6 m 473.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 333.6 m 531.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 319.6 m 531.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 305.6 m 473.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 292.6 m 473.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 290.6 m 473.5 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 305.6 m 531.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 292.6 m 531.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 290.6 m 531.5 290.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 535.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.95 534.83 Td (Year ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 520.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.50 519.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.00 519.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 505.85 Td (Deferred tax assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.00 505.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 491.85 Td (Net operating loss, credit and capital loss carryforwards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.00 491.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 491.85 Td (93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.00 491.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 491.85 Td (169) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 477.85 Td (Insurance reserves and claim related adjustments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 477.85 Td (511) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 477.85 Td (424) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 463.85 Td (Investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 463.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 463.85 Td (24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 449.85 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 449.85 Td (44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 449.85 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 435.85 Td (Valuation allowance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.60 435.85 Td (\(51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 435.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 435.85 Td (\(120) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 435.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 421.85 Td (Total deferred tax assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.00 421.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 421.85 Td (597) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.00 421.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 421.85 Td (529) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 393.85 Td (Deferred tax liabilities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 379.85 Td (Value of business acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.00 379.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 379.85 Td (\(7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 379.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.00 379.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 379.85 Td (\(65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 379.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 365.85 Td (Investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.60 365.85 Td (\(312) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 365.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 365.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 351.85 Td (Deferred acquisition costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.60 351.85 Td (\(277) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 351.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 351.85 Td (\(209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 351.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 337.85 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.60 337.85 Td (\(11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 337.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 337.85 Td (\(27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 337.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 323.85 Td (Total deferred tax liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.00 323.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.60 323.85 Td (\(607) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 323.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.00 323.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 323.85 Td (\(301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 323.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 295.85 Td (Net deferred tax assets and \(liabilities\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.00 295.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.60 295.85 Td (\(10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 295.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.00 295.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 295.85 Td (228) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 271.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.11 271.10 Td (September ) Tj ET Q q 0 0 0 rg BT 164.99 271.10 Td (30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.49 271.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.60 271.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.60 271.10 Td (, ) Tj ET Q q 0 0 0 rg BT 204.21 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.54 271.10 Td (Company) Tj ET Q q 0 0 0 rg BT 260.20 271.10 Td (s ) Tj ET Q q 0 0 0 rg BT 266.21 271.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 305.53 271.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 348.18 271.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.62 271.10 Td ($51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.62 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.73 271.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 415.06 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.50 271.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.05 271.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 471.37 271.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 514.02 271.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.46 271.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.46 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.57 271.10 Td (on ) Tj ET Q q 0 0 0 rg BT 548.68 271.10 Td (life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 259.10 Td (company ) Tj ET Q q 0 0 0 rg BT 120.33 259.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 156.31 259.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 171.20 259.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 197.21 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.32 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.43 259.10 Td (full ) Tj ET Q q 0 0 0 rg BT 238.00 259.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 277.88 259.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 321.09 259.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.09 259.10 Td ($51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.09 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.77 259.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.44 259.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 380.42 259.10 Td () Tj ET Q q 0 0 0 rg BT 383.20 259.10 Td (s ) Tj ET Q q 0 0 0 rg BT 389.76 259.10 Td (non-life ) Tj ET Q q 0 0 0 rg BT 426.40 259.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 467.39 259.10 Td (net ) Tj ET Q q 0 0 0 rg BT 482.28 259.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 518.26 259.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 543.99 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.47 259.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 247.10 Td (life ) Tj ET Q q 0 0 0 rg BT 97.62 247.10 Td (company's ) Tj ET Q q 0 0 0 rg BT 143.26 247.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 187.09 247.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 217.03 247.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 235.88 247.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 295.25 247.10 Td (expired ) Tj ET Q q 0 0 0 rg BT 328.53 247.10 Td (on ) Tj ET Q q 0 0 0 rg BT 341.82 247.10 Td (December ) Tj ET Q q 0 0 0 rg BT 386.20 247.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 401.99 247.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 427.78 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.51 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.01 247.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 490.96 247.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 509.81 247.10 Td (carryforward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 235.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 116.87 235.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 131.65 235.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 157.54 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.54 235.10 Td (related ) Tj ET Q q 0 0 0 rg BT 204.31 235.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 244.09 235.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 287.18 235.10 Td (were ) Tj ET Q q 0 0 0 rg BT 309.17 235.10 Td (written ) Tj ET Q q 0 0 0 rg BT 340.06 235.10 Td (of) Tj ET Q q 0 0 0 rg BT 348.21 235.10 Td (f ) Tj ET Q q 0 0 0 rg BT 354.11 235.10 Td (at ) Tj ET Q q 0 0 0 rg BT 363.89 235.10 Td (that ) Tj ET Q q 0 0 0 rg BT 381.44 235.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 403.72 235.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.28 235.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 476.61 235.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.61 235.10 Td (, ) Tj ET Q q 0 0 0 rg BT 501.67 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.45 235.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.11 235.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 223.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 120.81 223.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 163.93 223.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.86 223.10 Td ($120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.86 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.46 223.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 237.27 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.19 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.23 223.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 295.03 223.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 338.16 223.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.09 223.10 Td ($74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.09 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.68 223.10 Td (on ) Tj ET Q q 0 0 0 rg BT 379.28 223.10 Td (life ) Tj ET Q q 0 0 0 rg BT 395.20 223.10 Td (company ) Tj ET Q q 0 0 0 rg BT 434.45 223.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 463.69 223.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 481.85 223.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 540.52 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 557.56 223.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 211.10 Td (full ) Tj ET Q q 0 0 0 rg BT 97.39 211.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 137.10 211.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 180.13 211.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.96 211.10 Td ($46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.96 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.46 211.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.96 211.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 238.93 211.10 Td () Tj ET Q q 0 0 0 rg BT 241.71 211.10 Td (s ) Tj ET Q q 0 0 0 rg BT 248.10 211.10 Td (non-life ) Tj ET Q q 0 0 0 rg BT 284.57 211.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 325.38 211.10 Td (net ) Tj ET Q q 0 0 0 rg BT 340.10 211.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 375.91 211.10 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 192.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.53 192.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 168.40 192.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 210.26 192.10 Td (a ) Tj ET Q q 0 0 0 rg BT 217.68 192.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 257.87 192.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 301.38 192.10 Td (against ) Tj ET Q q 0 0 0 rg BT 332.69 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.89 192.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 384.17 192.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 399.37 192.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.68 192.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.99 192.10 Td (its ) Tj ET Q q 0 0 0 rg BT 449.42 192.10 Td (non-life ) Tj ET Q q 0 0 0 rg BT 484.06 192.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 525.36 192.10 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 180.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 132.32 180.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.81 180.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.96 180.10 Td (non-life ) Tj ET Q q 0 0 0 rg BT 184.22 180.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 224.14 180.10 Td (company ) Tj ET Q q 0 0 0 rg BT 262.40 180.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 311.22 180.10 Td (have ) Tj ET Q q 0 0 0 rg BT 331.70 180.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.74 180.10 Td (history ) Tj ET Q q 0 0 0 rg BT 367.12 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.06 180.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 402.55 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.60 180.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 438.42 180.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 465.56 180.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 497.16 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.09 180.10 Td (future ) Tj ET Q q 0 0 0 rg BT 532.57 180.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 168.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.50 168.10 Td (order ) Tj ET Q q 0 0 0 rg BT 115.32 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.81 168.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 167.40 168.10 Td (any ) Tj ET Q q 0 0 0 rg BT 184.55 168.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 216.16 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.21 168.10 Td (their ) Tj ET Q q 0 0 0 rg BT 248.26 168.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 284.28 168.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.22 168.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 327.17 168.10 Td (All ) Tj ET Q q 0 0 0 rg BT 342.67 168.10 Td (other ) Tj ET Q q 0 0 0 rg BT 365.93 168.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 401.96 168.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.89 168.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 442.94 168.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.87 168.10 Td (more ) Tj ET Q q 0 0 0 rg BT 481.14 168.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 506.63 168.10 Td (than ) Tj ET Q q 0 0 0 rg BT 526.57 168.10 Td (not ) Tj ET Q q 0 0 0 rg BT 542.06 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.56 168.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 156.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 114.98 156.10 Td (based ) Tj ET Q q 0 0 0 rg BT 140.09 156.10 Td (on ) Tj ET Q q 0 0 0 rg BT 152.43 156.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 204.75 156.10 Td (as ) Tj ET Q q 0 0 0 rg BT 215.43 156.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.55 156.10 Td (our ) Tj ET Q q 0 0 0 rg BT 241.22 156.10 Td (future ) Tj ET Q q 0 0 0 rg BT 267.44 156.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 298.65 156.10 Td (income ) Tj ET Q q 0 0 0 rg BT 330.42 156.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.20 156.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 396.20 156.10 Td (all ) Tj ET Q q 0 0 0 rg BT 408.54 156.10 Td (other ) Tj ET Q q 0 0 0 rg BT 431.42 156.10 Td (available ) Tj ET Q q 0 0 0 rg BT 469.85 156.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 510.23 156.10 Td (both ) Tj ET Q q 0 0 0 rg BT 530.35 156.10 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 144.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 144.10 Td (negative. ) Tj ET Q q 0 0 0 rg BT 153.00 144.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 125.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.32 125.10 Td (net ) Tj ET Q q 0 0 0 rg BT 141.31 125.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 181.84 125.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 208.51 125.10 Td (\("NOLs"\), ) Tj ET Q q 0 0 0 rg BT 253.05 125.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 282.47 125.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 309.14 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.35 125.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 341.34 125.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 370.76 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.87 125.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 399.84 125.10 Td () Tj ET Q q 0 0 0 rg BT 402.62 125.10 Td (s ) Tj ET Q q 0 0 0 rg BT 409.28 125.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 459.27 125.10 Td (were ) Tj ET Q q 0 0 0 rg BT 481.47 125.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 512.57 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.12 125.10 Td (limitation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 113.10 Td (under ) Tj ET Q q 0 0 0 rg BT 105.96 113.10 Td (IRC ) Tj ET Q q 0 0 0 rg BT 124.81 113.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 157.00 113.10 Td (382, ) Tj ET Q q 0 0 0 rg BT 176.68 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 187.20 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.83 113.10 Td (result ) Tj ET Q q 0 0 0 rg BT 218.23 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.75 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.15 113.10 Td (change ) Tj ET Q q 0 0 0 rg BT 273.66 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.17 113.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 328.02 113.10 Td (that ) Tj ET Q q 0 0 0 rg BT 345.20 113.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 382.37 113.10 Td (when ) Tj ET Q q 0 0 0 rg BT 406.21 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.62 113.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 465.57 113.10 Td (were ) Tj ET Q q 0 0 0 rg BT 487.19 113.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 529.91 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.88 113.10 Td (201) Tj ET Q q 0 0 0 rg BT 554.51 113.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 564.51 113.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 101.10 Td (This ) Tj ET Q q 0 0 0 rg BT 101.09 101.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 130.60 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.12 101.10 Td (net ) Tj ET Q q 0 0 0 rg BT 159.65 101.10 Td (value ) Tj ET Q q 0 0 0 rg BT 183.61 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.25 101.10 Td (attributes ) Tj ET Q q 0 0 0 rg BT 233.77 101.10 Td (that ) Tj ET Q q 0 0 0 rg BT 251.07 101.10 Td (could ) Tj ET Q q 0 0 0 rg BT 275.59 101.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.34 101.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 319.64 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.72 101.10 Td (be ) Tj ET Q q 0 0 0 rg BT 341.47 101.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 372.10 101.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.19 101.10 Td ($5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.19 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.50 101.10 Td (each ) Tj ET Q q 0 0 0 rg BT 415.12 101.10 Td (year) Tj ET Q q 0 0 0 rg BT 431.93 101.10 Td (, ) Tj ET Q q 0 0 0 rg BT 436.73 101.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 467.36 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.45 101.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 516.40 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.37 101.10 Td (realized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 89.10 Td (built-in ) Tj ET Q q 0 0 0 rg BT 112.76 89.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 136.19 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 148.51 89.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 178.04 89.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 203.69 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 216.01 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.55 89.10 Td (date ) Tj ET Q q 0 0 0 rg BT 249.52 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.17 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.71 89.10 Td (change ) Tj ET Q q 0 0 0 rg BT 305.35 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.00 89.10 Td (ownership. ) Tj ET Q q 0 0 0 rg BT 362.48 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.80 89.10 Td (On ) Tj ET Q q 0 0 0 rg BT 379.34 89.10 Td (September ) Tj ET Q q 0 0 0 rg BT 424.43 89.10 Td (27, ) Tj ET Q q 0 0 0 rg BT 439.25 89.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 464.07 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.61 89.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 519.81 89.10 Td (underwent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.87 77.10 Td (second ) Tj ET Q q 0 0 0 rg BT 118.07 77.10 Td (change ) Tj ET Q q 0 0 0 rg BT 148.82 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.58 77.10 Td (control ) Tj ET Q q 0 0 0 rg BT 190.34 77.10 Td (within ) Tj ET Q q 0 0 0 rg BT 218.32 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.97 77.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 269.84 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.60 77.10 Td (IRC ) Tj ET Q q 0 0 0 rg BT 299.70 77.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 332.13 77.10 Td (382\(g\), ) Tj ET Q q 0 0 0 rg BT 363.72 77.10 Td (triggered ) Tj ET Q q 0 0 0 rg BT 402.25 77.10 Td (by ) Tj ET Q q 0 0 0 rg BT 414.68 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.33 77.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 447.30 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.07 77.10 Td (HRG ) Tj ET Q q 0 0 0 rg BT 481.61 77.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 509.03 77.10 Td (by ) Tj ET Q q 0 0 0 rg BT 521.46 77.10 Td (Harbinger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 65.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 111.65 65.10 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 148.68 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.06 65.10 Td (At ) Tj ET Q q 0 0 0 rg BT 161.82 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.80 65.10 Td (time ) Tj ET Q q 0 0 0 rg BT 195.34 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.44 65.10 Td (this ) Tj ET Q q 0 0 0 rg BT 221.65 65.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 265.08 65.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 297.66 65.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 315.63 65.10 Td () Tj ET Q q 0 0 0 rg BT 318.41 65.10 Td (s ) Tj ET Q q 0 0 0 rg BT 324.06 65.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 338.05 65.10 Td (attributes ) Tj ET Q q 0 0 0 rg BT 377.02 65.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 416.01 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.10 65.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 454.52 65.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 471.84 65.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 494.15 65.10 Td (forwards ) Tj ET Q q 0 0 0 rg BT 531.45 65.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 53.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.66 53.10 Td ($350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.66 53.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.06 53.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 216.85 53.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 232.96 53.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 263.52 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.75 53.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.41 53.10 Td ($54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.41 53.10 Td (, ) Tj ET Q q 0 0 0 rg BT 358.82 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.16 53.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 423.26 53.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 466.05 53.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 482.17 53.10 Td (\("AMT"\) ) Tj ET Q q 0 0 0 rg BT 523.12 53.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 553.67 53.10 Td (of ) Tj ET Q endstream endobj 323 0 obj <>] /Rotate 0 /Contents 324 0 R>> endobj 324 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.83 742.10 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.83 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.40 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.25 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 178.87 742.10 Td (second ) Tj ET Q q 0 0 0 rg BT 209.71 742.10 Td (382 ) Tj ET Q q 0 0 0 rg BT 227.78 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 257.51 742.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 299.46 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 309.21 742.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 337.82 742.10 Td (than ) Tj ET Q q 0 0 0 rg BT 358.11 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.40 742.10 Td (201) Tj ET Q q 0 0 0 rg BT 388.03 742.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 396.10 742.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 438.06 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.57 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 465.31 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 481.16 742.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 519.76 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.61 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 552.56 742.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.71 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 123.21 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.93 730.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 180.98 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.81 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 206.52 730.10 Td (attributes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 711.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.16 711.10 Td (September ) Tj ET Q q 0 0 0 rg BT 165.08 711.10 Td (30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.58 711.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.74 711.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.74 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.89 711.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.49 711.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.49 711.10 Td (, ) Tj ET Q q 0 0 0 rg BT 243.15 711.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 261.67 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.82 711.10 Td (has ) Tj ET Q q 0 0 0 rg BT 279.31 711.10 Td (NOL) Tj ET Q q 0 0 0 rg BT 299.49 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.65 711.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 359.88 711.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.37 711.10 Td ($92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.37 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.53 711.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.13 711.10 Td ($92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.13 711.10 Td (, ) Tj ET Q q 0 0 0 rg BT 423.78 711.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 471.44 711.10 Td (, ) Tj ET Q q 0 0 0 rg BT 476.10 711.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 505.20 711.10 Td (if ) Tj ET Q q 0 0 0 rg BT 513.46 711.10 Td (unused, ) Tj ET Q q 0 0 0 rg BT 546.45 711.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 108.70 699.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.18 699.10 Td (years ) Tj ET Q q 0 0 0 rg BT 142.99 699.10 Td (2026 ) Tj ET Q q 0 0 0 rg BT 165.70 699.10 Td (through ) Tj ET Q q 0 0 0 rg BT 199.52 699.10 Td (2036. ) Tj ET Q q 0 0 0 rg BT 224.73 699.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 243.25 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.96 699.10 Td (has ) Tj ET Q q 0 0 0 rg BT 262.00 699.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 291.36 699.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 309.63 699.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 368.42 699.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.68 699.10 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.68 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.39 699.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.54 699.10 Td ($217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.54 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.25 699.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.18 699.10 Td (September ) Tj ET Q q 0 0 0 rg BT 509.65 699.10 Td (30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 699.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.86 699.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.86 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.57 699.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 687.10 Td (, ) Tj ET Q q 0 0 0 rg BT 105.65 687.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 153.31 687.10 Td (, ) Tj ET Q q 0 0 0 rg BT 157.97 687.10 Td (which ) Tj ET Q q 0 0 0 rg BT 184.56 687.10 Td (if ) Tj ET Q q 0 0 0 rg BT 192.82 687.10 Td (unused, ) Tj ET Q q 0 0 0 rg BT 225.80 687.10 Td (will ) Tj ET Q q 0 0 0 rg BT 243.51 687.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 270.65 687.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.58 687.10 Td (years ) Tj ET Q q 0 0 0 rg BT 303.84 687.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 325.99 687.10 Td (through ) Tj ET Q q 0 0 0 rg BT 359.25 687.10 Td (2021. ) Tj ET Q q 0 0 0 rg BT 383.91 687.10 Td (In ) Tj ET Q q 0 0 0 rg BT 394.39 687.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 431.82 687.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.19 687.10 Td (September ) Tj ET Q q 0 0 0 rg BT 486.10 687.10 Td (30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.60 687.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.76 687.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.76 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.91 687.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 687.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 687.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.86 675.10 Td (has ) Tj ET Q q 0 0 0 rg BT 117.53 675.10 Td (low ) Tj ET Q q 0 0 0 rg BT 134.87 675.10 Td (income ) Tj ET Q q 0 0 0 rg BT 166.65 675.10 Td (housing ) Tj ET Q q 0 0 0 rg BT 200.66 675.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 215.22 675.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 240.32 675.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 298.74 675.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.64 675.10 Td ($52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.64 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.98 675.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.76 675.10 Td ($54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.76 675.10 Td (, ) Tj ET Q q 0 0 0 rg BT 385.60 675.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 433.26 675.10 Td (, ) Tj ET Q q 0 0 0 rg BT 438.10 675.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 467.38 675.10 Td (if ) Tj ET Q q 0 0 0 rg BT 475.83 675.10 Td (unused, ) Tj ET Q q 0 0 0 rg BT 509.00 675.10 Td (will ) Tj ET Q q 0 0 0 rg BT 526.90 675.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 554.23 675.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.10 Td (years ) Tj ET Q q 0 0 0 rg BT 105.18 663.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 128.26 663.10 Td (through ) Tj ET Q q 0 0 0 rg BT 162.44 663.10 Td (2036, ) Tj ET Q q 0 0 0 rg BT 188.02 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.54 663.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 250.81 663.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 292.78 663.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 308.08 663.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 337.81 663.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.22 663.10 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.22 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.30 663.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.82 663.10 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.82 663.10 Td (, ) Tj ET Q q 0 0 0 rg BT 395.40 663.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 443.06 663.10 Td (, ) Tj ET Q q 0 0 0 rg BT 448.64 663.10 Td (that ) Tj ET Q q 0 0 0 rg BT 466.71 663.10 Td (may ) Tj ET Q q 0 0 0 rg BT 487.01 663.10 Td (be ) Tj ET Q q 0 0 0 rg BT 499.52 663.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 530.36 663.10 Td (forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.10 Td (indefinitely) Tj ET Q q 0 0 0 rg BT 126.45 651.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 632.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 125.97 632.10 Td () Tj ET Q q 0 0 0 rg BT 128.75 632.10 Td (s ) Tj ET Q q 0 0 0 rg BT 135.84 632.10 Td (non-life ) Tj ET Q q 0 0 0 rg BT 170.68 632.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 221.09 632.10 Td (file ) Tj ET Q q 0 0 0 rg BT 237.61 632.10 Td (as ) Tj ET Q q 0 0 0 rg BT 249.13 632.10 Td (part ) Tj ET Q q 0 0 0 rg BT 267.87 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.39 632.10 Td (HRG) Tj ET Q q 0 0 0 rg BT 303.29 632.10 Td (s ) Tj ET Q q 0 0 0 rg BT 310.37 632.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 364.10 632.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 385.08 632.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 418.26 632.10 Td (income ) Tj ET Q q 0 0 0 rg BT 450.88 632.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 466.29 632.10 Td (return. ) Tj ET Q q 0 0 0 rg BT 495.86 632.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 513.84 632.10 Td () Tj ET Q q 0 0 0 rg BT 516.61 632.10 Td (s ) Tj ET Q q 0 0 0 rg BT 523.70 632.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 620.10 Td (company ) Tj ET Q q 0 0 0 rg BT 120.00 620.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 169.55 620.10 Td (file ) Tj ET Q q 0 0 0 rg BT 185.22 620.10 Td (their ) Tj ET Q q 0 0 0 rg BT 205.88 620.10 Td (own ) Tj ET Q q 0 0 0 rg BT 225.45 620.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 278.33 620.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 298.45 620.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 330.78 620.10 Td (life ) Tj ET Q q 0 0 0 rg BT 346.44 620.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 387.10 620.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 401.66 620.10 Td (return ) Tj ET Q q 0 0 0 rg BT 427.87 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.65 620.10 Td (will ) Tj ET Q q 0 0 0 rg BT 462.55 620.10 Td (not ) Tj ET Q q 0 0 0 rg BT 477.67 620.10 Td (be ) Tj ET Q q 0 0 0 rg BT 489.45 620.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 521.78 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.90 620.10 Td (join ) Tj ET Q q 0 0 0 rg BT 549.79 620.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 608.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 133.67 608.10 Td (HRG ) Tj ET Q q 0 0 0 rg BT 156.91 608.10 Td (return ) Tj ET Q q 0 0 0 rg BT 182.92 608.10 Td (January ) Tj ET Q q 0 0 0 rg BT 216.15 608.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 225.78 608.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 250.25 608.10 Td (The ) Tj ET Q q 0 0 0 rg BT 267.93 608.10 Td (income ) Tj ET Q q 0 0 0 rg BT 299.49 608.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 313.83 608.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 353.18 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.64 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.98 608.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 396.51 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.63 608.10 Td (members ) Tj ET Q q 0 0 0 rg BT 437.42 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.88 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.22 608.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 514.89 608.10 Td (HRG ) Tj ET Q q 0 0 0 rg BT 538.14 608.10 Td (return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 596.10 Td (are ) Tj ET Q q 0 0 0 rg BT 96.51 596.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 140.35 596.10 Td (using ) Tj ET Q q 0 0 0 rg BT 165.32 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.84 596.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 216.90 596.10 Td (return ) Tj ET Q q 0 0 0 rg BT 244.09 596.10 Td (method ) Tj ET Q q 0 0 0 rg BT 277.39 596.10 Td (with ) Tj ET Q q 0 0 0 rg BT 298.47 596.10 Td (any ) Tj ET Q q 0 0 0 rg BT 316.21 596.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 350.61 596.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.25 596.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 406.63 596.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 448.25 596.10 Td (an ) Tj ET Q q 0 0 0 rg BT 461.00 596.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 494.30 596.10 Td (they ) Tj ET Q q 0 0 0 rg BT 514.82 596.10 Td (would ) Tj ET Q q 0 0 0 rg BT 543.12 596.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 584.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 118.63 584.10 Td (had ) Tj ET Q q 0 0 0 rg BT 135.72 584.10 Td (they ) Tj ET Q q 0 0 0 rg BT 155.59 584.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 176.57 584.10 Td (their ) Tj ET Q q 0 0 0 rg BT 197.55 584.10 Td (own ) Tj ET Q q 0 0 0 rg BT 217.42 584.10 Td (return. ) Tj ET Q q 0 0 0 rg BT 245.86 584.10 Td (As ) Tj ET Q q 0 0 0 rg BT 259.63 584.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.61 584.10 Td (September ) Tj ET Q q 0 0 0 rg BT 316.03 584.10 Td (30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.53 584.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.18 584.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.18 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.84 584.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.93 584.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.93 584.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.08 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.73 584.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 417.25 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.91 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.00 584.10 Td (its ) Tj ET Q q 0 0 0 rg BT 449.10 584.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 498.97 584.10 Td (have ) Tj ET Q q 0 0 0 rg BT 520.50 584.10 Td (an ) Tj ET Q q 0 0 0 rg BT 532.59 584.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 572.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.21 572.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 130.30 572.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.84 572.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.84 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.83 572.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.26 572.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.26 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.75 572.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 257.41 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.89 572.10 Td (which ) Tj ET Q q 0 0 0 rg BT 290.32 572.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 333.85 572.10 Td (what ) Tj ET Q q 0 0 0 rg BT 356.27 572.10 Td (they ) Tj ET Q q 0 0 0 rg BT 376.48 572.10 Td (would ) Tj ET Q q 0 0 0 rg BT 404.47 572.10 Td (have ) Tj ET Q q 0 0 0 rg BT 426.33 572.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 450.98 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.19 572.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 484.74 572.10 Td (had ) Tj ET Q q 0 0 0 rg BT 502.16 572.10 Td (they ) Tj ET Q q 0 0 0 rg BT 522.37 572.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 543.68 572.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 560.10 Td (own ) Tj ET Q q 0 0 0 rg BT 100.72 560.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 115.44 560.10 Td (return.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 541.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.49 541.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 147.22 541.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 180.16 541.10 Td (income ) Tj ET Q q 0 0 0 rg BT 212.54 541.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 227.70 541.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 258.42 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.69 541.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 288.21 541.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.16 541.10 Td (for ) Tj ET Q q 0 0 0 rg BT 305.77 541.10 Td (years ) Tj ET Q q 0 0 0 rg BT 329.81 541.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 352.20 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.92 541.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 385.87 541.10 Td (are ) Tj ET Q q 0 0 0 rg BT 401.02 541.10 Td (no ) Tj ET Q q 0 0 0 rg BT 413.97 541.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 442.46 541.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 473.73 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.46 541.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 536.84 541.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.78 541.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 529.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 108.38 529.10 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 155.30 529.10 Td (W) Tj ET Q q 0 0 0 rg BT 164.34 529.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 177.27 529.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 207.99 529.10 Td (exception, ) Tj ET Q q 0 0 0 rg BT 251.74 529.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 270.26 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.64 529.10 Td (is ) Tj ET Q q 0 0 0 rg BT 281.69 529.10 Td (no ) Tj ET Q q 0 0 0 rg BT 294.08 529.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 322.01 529.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 352.71 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.87 529.10 Td (state ) Tj ET Q q 0 0 0 rg BT 383.58 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.40 529.10 Td (local ) Tj ET Q q 0 0 0 rg BT 422.22 529.10 Td (income ) Tj ET Q q 0 0 0 rg BT 454.03 529.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 468.63 529.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 494.90 529.10 Td (for ) Tj ET Q q 0 0 0 rg BT 508.94 529.10 Td (years ) Tj ET Q q 0 0 0 rg BT 532.42 529.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.24 529.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 517.10 Td (201) Tj ET Q q 0 0 0 rg BT 95.63 517.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 106.55 517.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 125.07 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.49 517.10 Td (does ) Tj ET Q q 0 0 0 rg BT 150.23 517.10 Td (not ) Tj ET Q q 0 0 0 rg BT 166.43 517.10 Td (have ) Tj ET Q q 0 0 0 rg BT 188.72 517.10 Td (any ) Tj ET Q q 0 0 0 rg BT 206.58 517.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 263.86 517.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 279.50 517.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 314.57 517.10 Td (\(UTBs\) ) Tj ET Q q 0 0 0 rg BT 357.42 517.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.05 517.10 Td (September ) Tj ET Q q 0 0 0 rg BT 414.23 517.10 Td (30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.73 517.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 517.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.57 517.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.42 517.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.42 517.10 Td (. ) Tj ET Q q 0 0 0 rg BT 497.34 517.10 Td (In ) Tj ET Q q 0 0 0 rg BT 509.09 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.73 517.10 Td (event ) Tj ET Q q 0 0 0 rg BT 549.80 517.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 505.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.18 505.10 Td (has ) Tj ET Q q 0 0 0 rg BT 139.79 505.10 Td (UTBs, ) Tj ET Q q 0 0 0 rg BT 169.47 505.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 202.20 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.92 505.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 258.75 505.10 Td (related ) Tj ET Q q 0 0 0 rg BT 289.24 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.31 505.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 340.80 505.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 356.31 505.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 395.71 505.10 Td (would ) Tj ET Q q 0 0 0 rg BT 424.00 505.10 Td (be ) Tj ET Q q 0 0 0 rg BT 436.73 505.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 474.99 505.10 Td (as ) Tj ET Q q 0 0 0 rg BT 486.61 505.10 Td (part ) Tj ET Q q 0 0 0 rg BT 505.45 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.07 505.10 Td (income ) Tj ET Q q 0 0 0 rg BT 549.79 505.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 493.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 116.84 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.24 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.09 493.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.70 493.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 230.78 493.10 Td (The ) Tj ET Q q 0 0 0 rg BT 249.96 493.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 292.47 493.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 332.19 493.10 Td (assesses ) Tj ET Q q 0 0 0 rg BT 368.60 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.44 493.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 428.62 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.58 493.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 484.20 493.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 500.05 493.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 552.01 493.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 481.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 129.05 481.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 148.49 481.10 Td (if ) Tj ET Q q 0 0 0 rg BT 157.10 481.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 195.32 481.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.32 481.10 Td (adjusts ) Tj ET Q q 0 0 0 rg BT 230.59 481.10 Td (its ) Tj ET Q q 0 0 0 rg BT 242.54 481.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 257.26 481.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 292.52 481.10 Td (based ) Tj ET Q q 0 0 0 rg BT 317.79 481.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.29 481.10 Td (new ) Tj ET Q q 0 0 0 rg BT 349.45 481.10 Td (information ) Tj ET Q q 0 0 0 rg BT 399.16 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 409.99 481.10 Td (developments. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 442.70 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 100.16 442.70 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 163.20 442.70 Td (and ) Tj ET Q q 0 0 0 rg BT 181.83 442.70 Td (Contingencies ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 416.30 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 395.30 Td (The ) Tj ET Q q 0 0 0 rg BT 121.89 395.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 163.62 395.30 Td (has ) Tj ET Q q 0 0 0 rg BT 179.79 395.30 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 220.41 395.30 Td (investment ) Tj ET Q q 0 0 0 rg BT 267.13 395.30 Td (commitments ) Tj ET Q q 0 0 0 rg BT 324.41 395.30 Td (as ) Tj ET Q q 0 0 0 rg BT 335.59 395.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.76 395.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 407.37 395.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.37 395.30 Td ( ) Tj ET Q q 0 0 0 rg BT 430.21 395.30 Td (based ) Tj ET Q q 0 0 0 rg BT 455.82 395.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 478.66 395.30 Td (the ) Tj ET Q q 0 0 0 rg BT 493.72 395.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 522.68 395.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 383.30 Td (when ) Tj ET Q q 0 0 0 rg BT 104.80 383.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 154.71 383.30 Td (are ) Tj ET Q q 0 0 0 rg BT 169.06 383.30 Td (executed ) Tj ET Q q 0 0 0 rg BT 206.73 383.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 248.30 383.30 Td (to ) Tj ET Q q 0 0 0 rg BT 258.22 383.30 Td (when ) Tj ET Q q 0 0 0 rg BT 282.02 383.30 Td (the ) Tj ET Q q 0 0 0 rg BT 296.37 383.30 Td (actual ) Tj ET Q q 0 0 0 rg BT 322.39 383.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 372.30 383.30 Td (are ) Tj ET Q q 0 0 0 rg BT 386.65 383.30 Td (funded, ) Tj ET Q q 0 0 0 rg BT 419.05 383.30 Td (as ) Tj ET Q q 0 0 0 rg BT 429.52 383.30 Td (some ) Tj ET Q q 0 0 0 rg BT 452.77 383.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 502.69 383.30 Td (require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 371.30 Td (that ) Tj ET Q q 0 0 0 rg BT 98.00 371.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 131.11 371.30 Td (occur ) Tj ET Q q 0 0 0 rg BT 155.32 371.30 Td (over ) Tj ET Q q 0 0 0 rg BT 175.09 371.30 Td (a ) Tj ET Q q 0 0 0 rg BT 181.53 371.30 Td (period ) Tj ET Q q 0 0 0 rg BT 209.08 371.30 Td (of ) Tj ET Q q 0 0 0 rg BT 219.42 371.30 Td (months ) Tj ET Q q 0 0 0 rg BT 250.87 371.30 Td (or ) Tj ET Q q 0 0 0 rg BT 261.20 371.30 Td (years. ) Tj ET Q q 0 0 0 rg BT 286.81 371.30 Td ( ) Tj ET Q q 0 0 0 rg BT 288.37 371.30 Td (A) Tj ET Q q 0 0 0 rg BT 295.04 371.30 Td ( ) Tj ET Q q 0 0 0 rg BT 297.04 371.30 Td (summary ) Tj ET Q q 0 0 0 rg BT 336.26 371.30 Td (of ) Tj ET Q q 0 0 0 rg BT 346.59 371.30 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 386.37 371.30 Td (commitments ) Tj ET Q q 0 0 0 rg BT 442.81 371.30 Td (by ) Tj ET Q q 0 0 0 rg BT 454.81 371.30 Td (invested ) Tj ET Q q 0 0 0 rg BT 490.14 371.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 511.58 371.30 Td (class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 359.30 Td (are ) Tj ET Q q 0 0 0 rg BT 95.71 359.30 Td (included ) Tj ET Q q 0 0 0 rg BT 132.64 359.30 Td (below:) Tj ET Q 1 1 1 rg /GS0 gs 81.50 339.80 361.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 442.50 339.80 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 311.80 361.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 311.80 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 281.80 361.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 281.80 89.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 326.79999999999995 m 531.5 326.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 281.79999999999995 m 531.5 281.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 267.79999999999995 m 531.5 267.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 265.79999999999995 m 531.5 265.79999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 331.03 Td (Asset Type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.10 331.03 Td (September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 316.05 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.00 316.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 316.05 Td (55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 301.05 Td (Fixed maturity securities, available-for-sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 301.05 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 286.05 Td (Other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 286.05 Td (32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 271.03 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.00 271.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 271.05 Td (103) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 325 0 obj <>] /Rotate 0 /Contents 326 0 R>> endobj 326 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-61) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (Lease Commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 719.25 Td (The ) Tj ET Q q 0 0 0 rg BT 124.37 719.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 167.08 719.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 194.79 719.25 Td (of) Tj ET Q q 0 0 0 rg BT 202.94 719.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 221.75 719.25 Td (space ) Tj ET Q q 0 0 0 rg BT 247.78 719.25 Td (under ) Tj ET Q q 0 0 0 rg BT 274.38 719.25 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 338.72 719.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 380.31 719.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 408.01 719.25 Td (that ) Tj ET Q q 0 0 0 rg BT 426.83 719.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 455.64 719.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.25 719.25 Td (May ) Tj ET Q q 0 0 0 rg BT 489.40 719.25 Td (2021. ) Tj ET Q q 0 0 0 rg BT 515.45 719.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 707.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.35 707.25 Td (also ) Tj ET Q q 0 0 0 rg BT 140.92 707.25 Td (leased ) Tj ET Q q 0 0 0 rg BT 168.36 707.25 Td (of) Tj ET Q q 0 0 0 rg BT 176.51 707.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 193.96 707.25 Td (furniture ) Tj ET Q q 0 0 0 rg BT 231.40 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.30 707.25 Td (of) Tj ET Q q 0 0 0 rg BT 256.45 707.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 273.89 707.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 318.57 707.25 Td (under ) Tj ET Q q 0 0 0 rg BT 343.79 707.25 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 406.77 707.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 447.00 707.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 473.33 707.25 Td (that ) Tj ET Q q 0 0 0 rg BT 490.79 707.25 Td (expired ) Tj ET Q q 0 0 0 rg BT 523.23 707.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 695.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 105.91 695.25 Td (For ) Tj ET Q q 0 0 0 rg BT 122.22 695.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.84 695.25 Td (years ) Tj ET Q q 0 0 0 rg BT 160.36 695.25 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.23 695.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.64 695.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 246.82 695.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.82 695.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.73 695.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.73 695.25 Td ( ) Tj ET Q q 0 0 0 rg BT 294.14 695.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 695.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 695.25 Td (, ) Tj ET Q q 0 0 0 rg BT 335.91 695.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.54 695.25 Td (Company) Tj ET Q q 0 0 0 rg BT 392.20 695.25 Td (s ) Tj ET Q q 0 0 0 rg BT 398.50 695.25 Td (total ) Tj ET Q q 0 0 0 rg BT 418.69 695.25 Td (rent ) Tj ET Q q 0 0 0 rg BT 436.65 695.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 471.27 695.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.23 695.25 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.23 695.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.14 695.25 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.14 695.25 Td ( ) Tj ET Q q 0 0 0 rg BT 516.56 695.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 683.25 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 683.25 Td (, ) Tj ET Q q 0 0 0 rg BT 95.51 683.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 143.17 683.25 Td (. ) Tj ET Q q 0 0 0 rg BT 147.24 683.25 Td (As ) Tj ET Q q 0 0 0 rg BT 160.37 683.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.71 683.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 230.49 683.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.49 683.25 Td (, ) Tj ET Q q 0 0 0 rg BT 255.00 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.23 683.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 310.14 683.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 334.91 683.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 391.37 683.25 Td (under ) Tj ET Q q 0 0 0 rg BT 416.15 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.38 683.25 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 492.91 683.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 518.80 683.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 671.25 Td (as ) Tj ET Q q 0 0 0 rg BT 91.83 671.25 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 636.75 351.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 636.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 636.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 606.75 351.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 606.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 606.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 576.75 351.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 576.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 576.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 546.75 351.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 546.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 546.75 95.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 636.75 m 431.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 636.75 m 530.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 636.75 m 431.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 636.75 m 530.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 80.5 546.75 m 431.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 546.75 m 530.5 546.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 640.98 Td (Fiscal Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 640.98 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 626.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 626.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 626.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 611.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 611.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 596.00 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 596.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 581.00 Td (2020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 581.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 566.00 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 566.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 551.00 Td (Thereafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 551.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 536.00 Td ( Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 536.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 536.00 Td (9) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 508.25 Td (Contingencies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 487.25 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 127.93 487.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.43 487.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 187.39 487.25 Td (Matters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 468.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 122.02 468.25 Td ( ) Tj ET Q q 0 0 0 rg BT 123.70 468.25 Td (is ) Tj ET Q q 0 0 0 rg BT 132.05 468.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 168.73 468.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.19 468.25 Td (various ) Tj ET Q q 0 0 0 rg BT 209.31 468.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 243.21 468.25 Td (or ) Tj ET Q q 0 0 0 rg BT 253.22 468.25 Td (threatened ) Tj ET Q q 0 0 0 rg BT 296.54 468.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 317.65 468.25 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 370.15 468.25 Td (including ) Tj ET Q q 0 0 0 rg BT 409.60 468.25 Td (purported ) Tj ET Q q 0 0 0 rg BT 450.16 468.25 Td (class ) Tj ET Q q 0 0 0 rg BT 471.28 468.25 Td (actions, ) Tj ET Q q 0 0 0 rg BT 503.79 468.25 Td (arising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 456.25 Td (in ) Tj ET Q q 0 0 0 rg BT 90.24 456.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.93 456.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 139.27 456.25 Td (course ) Tj ET Q q 0 0 0 rg BT 166.84 456.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.63 456.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 214.49 456.25 Td (In ) Tj ET Q q 0 0 0 rg BT 224.29 456.25 Td (some ) Tj ET Q q 0 0 0 rg BT 246.86 456.25 Td (instances, ) Tj ET Q q 0 0 0 rg BT 287.48 456.25 Td (these ) Tj ET Q q 0 0 0 rg BT 309.50 456.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 359.28 456.25 Td (include ) Tj ET Q q 0 0 0 rg BT 390.18 456.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 417.75 456.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.87 456.25 Td (unspecified ) Tj ET Q q 0 0 0 rg BT 478.43 456.25 Td (or ) Tj ET Q q 0 0 0 rg BT 488.23 456.25 Td (substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 444.25 Td (punitive ) Tj ET Q q 0 0 0 rg BT 116.04 444.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 153.29 444.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.99 444.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 200.02 444.25 Td (types ) Tj ET Q q 0 0 0 rg BT 223.40 444.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.99 444.25 Td (relief ) Tj ET Q q 0 0 0 rg BT 257.35 444.25 Td (in ) Tj ET Q q 0 0 0 rg BT 267.39 444.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 302.42 444.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.46 444.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 348.61 444.25 Td (for ) Tj ET Q q 0 0 0 rg BT 362.54 444.25 Td (alleged ) Tj ET Q q 0 0 0 rg BT 393.67 444.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 440.36 444.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 473.73 444.25 Td (or ) Tj ET Q q 0 0 0 rg BT 484.32 444.25 Td (requests ) Tj ET Q q 0 0 0 rg BT 519.35 444.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 432.25 Td (equitable ) Tj ET Q q 0 0 0 rg BT 122.14 432.25 Td (relief. ) Tj ET Q q 0 0 0 rg BT 150.23 432.25 Td (In ) Tj ET Q q 0 0 0 rg BT 163.05 432.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.76 432.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 214.81 432.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.63 432.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 246.15 432.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.64 432.25 Td (management ) Tj ET Q q 0 0 0 rg BT 306.22 432.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.16 432.25 Td (in ) Tj ET Q q 0 0 0 rg BT 337.43 432.25 Td (light ) Tj ET Q q 0 0 0 rg BT 360.25 432.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.08 432.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 409.23 432.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 452.04 432.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.97 432.25 Td (other ) Tj ET Q q 0 0 0 rg BT 496.01 432.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 420.25 Td (indemnification, ) Tj ET Q q 0 0 0 rg BT 149.69 420.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 198.64 420.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.95 420.25 Td (established ) Tj ET Q q 0 0 0 rg BT 263.25 420.25 Td (accruals, ) Tj ET Q q 0 0 0 rg BT 301.38 420.25 Td (such ) Tj ET Q q 0 0 0 rg BT 322.58 420.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 361.55 420.25 Td (is ) Tj ET Q q 0 0 0 rg BT 371.09 420.25 Td (not ) Tj ET Q q 0 0 0 rg BT 386.74 420.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 425.15 420.25 Td (to ) Tj ET Q q 0 0 0 rg BT 435.79 420.25 Td (have ) Tj ET Q q 0 0 0 rg BT 457.54 420.25 Td (a ) Tj ET Q q 0 0 0 rg BT 464.85 420.25 Td (material ) Tj ET Q q 0 0 0 rg BT 500.48 420.25 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 408.25 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 408.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 106.58 408.25 Td (on ) Tj ET Q q 0 0 0 rg BT 119.60 408.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 137.57 408.25 Td () Tj ET Q q 0 0 0 rg BT 140.35 408.25 Td (s ) Tj ET Q q 0 0 0 rg BT 147.25 408.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.24 408.25 Td (position,although ) Tj ET Q q 0 0 0 rg BT 260.48 408.25 Td (it ) Tj ET Q q 0 0 0 rg BT 269.05 408.25 Td (is ) Tj ET Q q 0 0 0 rg BT 278.73 408.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 314.52 408.25 Td (that ) Tj ET Q q 0 0 0 rg BT 332.52 408.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.75 408.25 Td (results ) Tj ET Q q 0 0 0 rg BT 376.87 408.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.21 408.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 432.88 408.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.33 408.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 471.11 408.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 496.35 408.25 Td (could ) Tj ET Q q 0 0 0 rg BT 521.57 408.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 396.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 124.04 396.25 Td (af) Tj ET Q q 0 0 0 rg BT 131.63 396.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 158.55 396.25 Td (by ) Tj ET Q q 0 0 0 rg BT 171.05 396.25 Td (an ) Tj ET Q q 0 0 0 rg BT 182.99 396.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 233.24 396.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 270.17 396.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.45 396.25 Td (any ) Tj ET Q q 0 0 0 rg BT 297.39 396.25 Td (one ) Tj ET Q q 0 0 0 rg BT 314.33 396.25 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 377.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 122.02 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.23 377.25 Td (is ) Tj ET Q q 0 0 0 rg BT 137.11 377.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 175.21 377.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 213.30 377.25 Td (by ) Tj ET Q q 0 0 0 rg BT 227.51 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.94 377.25 Td (state ) Tj ET Q q 0 0 0 rg BT 266.48 377.25 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 305.67 377.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 332.11 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.10 377.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 370.51 377.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 398.62 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.61 377.25 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 469.25 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.79 377.25 Td (insolvent ) Tj ET Q q 0 0 0 rg BT 522.67 377.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 365.25 Td (rehabilitated ) Tj ET Q q 0 0 0 rg BT 133.34 365.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 174.02 365.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 221.48 365.25 Td (Those ) Tj ET Q q 0 0 0 rg BT 248.29 365.25 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 293.41 365.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 344.11 365.25 Td (may ) Tj ET Q q 0 0 0 rg BT 363.69 365.25 Td (be ) Tj ET Q q 0 0 0 rg BT 375.50 365.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 411.18 365.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 452.96 365.25 Td (through ) Tj ET Q q 0 0 0 rg BT 486.44 365.25 Td (a ) Tj ET Q q 0 0 0 rg BT 493.24 365.25 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 353.25 Td (in ) Tj ET Q q 0 0 0 rg BT 90.30 353.25 Td (future ) Tj ET Q q 0 0 0 rg BT 115.70 353.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 153.32 353.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 175.39 353.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.68 353.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 213.41 353.25 Td (states. ) Tj ET Q q 0 0 0 rg BT 239.31 353.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.83 353.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 310.11 353.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.11 353.25 Td (, ) Tj ET Q q 0 0 0 rg BT 334.13 353.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 352.65 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.17 353.25 Td (has ) Tj ET Q q 0 0 0 rg BT 369.02 353.25 Td (accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.63 353.25 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.63 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.15 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 426.33 353.25 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 462.83 353.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 482.68 353.25 Td (assessments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 341.25 Td (which ) Tj ET Q q 0 0 0 rg BT 107.94 341.25 Td (is ) Tj ET Q q 0 0 0 rg BT 117.11 341.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 155.14 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 165.42 341.25 Td (be ) Tj ET Q q 0 0 0 rg BT 177.36 341.25 Td (of) Tj ET Q q 0 0 0 rg BT 185.51 341.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 202.45 341.25 Td (by ) Tj ET Q q 0 0 0 rg BT 214.95 341.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 255.77 341.25 Td (future ) Tj ET Q q 0 0 0 rg BT 282.14 341.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 320.75 341.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 335.46 341.25 Td (deductions ) Tj ET Q q 0 0 0 rg BT 381.29 341.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.12 341.25 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.12 341.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 322.25 Td (The ) Tj ET Q q 0 0 0 rg BT 121.85 322.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 163.54 322.25 Td (has ) Tj ET Q q 0 0 0 rg BT 179.68 322.25 Td (received ) Tj ET Q q 0 0 0 rg BT 216.34 322.25 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 254.14 322.25 Td (from ) Tj ET Q q 0 0 0 rg BT 276.38 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 283.63 322.25 Td (number ) Tj ET Q q 0 0 0 rg BT 316.98 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.11 322.25 Td (state ) Tj ET Q q 0 0 0 rg BT 349.24 322.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 393.14 322.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 438.16 322.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 479.28 322.25 Td (its ) Tj ET Q q 0 0 0 rg BT 491.53 322.25 Td (use ) Tj ET Q q 0 0 0 rg BT 507.66 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 322.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 310.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 100.31 310.25 Td (Social ) Tj ET Q q 0 0 0 rg BT 126.82 310.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 161.33 310.25 Td (Administration) Tj ET Q q 0 0 0 rg BT 224.66 310.25 Td (s ) Tj ET Q q 0 0 0 rg BT 230.08 310.25 Td (Death ) Tj ET Q q 0 0 0 rg BT 255.48 310.25 Td (Master ) Tj ET Q q 0 0 0 rg BT 284.77 310.25 Td (File ) Tj ET Q q 0 0 0 rg BT 301.85 310.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 318.92 310.25 Td ("Death ) Tj ET Q q 0 0 0 rg BT 348.40 310.25 Td (Master ) Tj ET Q q 0 0 0 rg BT 377.69 310.25 Td (File"\) ) Tj ET Q q 0 0 0 rg BT 402.18 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.14 310.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 465.75 310.25 Td (with ) Tj ET Q q 0 0 0 rg BT 485.05 310.25 Td (state ) Tj ET Q q 0 0 0 rg BT 504.90 310.25 Td (claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 298.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 118.98 298.25 Td (regulation. ) Tj ET Q q 0 0 0 rg BT 164.47 298.25 Td (Legislation ) Tj ET Q q 0 0 0 rg BT 211.92 298.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 251.02 298.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 291.79 298.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 337.00 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.23 298.25 Td (use ) Tj ET Q q 0 0 0 rg BT 363.01 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.68 298.25 Td (Death ) Tj ET Q q 0 0 0 rg BT 404.00 298.25 Td (Master ) Tj ET Q q 0 0 0 rg BT 434.22 298.25 Td (File ) Tj ET Q q 0 0 0 rg BT 452.23 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.46 298.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 496.01 298.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 286.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 109.12 286.25 Td (has ) Tj ET Q q 0 0 0 rg BT 124.47 286.25 Td (been ) Tj ET Q q 0 0 0 rg BT 145.37 286.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 177.92 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 187.72 286.25 Td (a ) Tj ET Q q 0 0 0 rg BT 194.17 286.25 Td (number ) Tj ET Q q 0 0 0 rg BT 226.74 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.09 286.25 Td (states. ) Tj ET Q q 0 0 0 rg BT 263.38 286.25 Td (As ) Tj ET Q q 0 0 0 rg BT 276.51 286.25 Td (a ) Tj ET Q q 0 0 0 rg BT 282.97 286.25 Td (result ) Tj ET Q q 0 0 0 rg BT 307.20 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.55 286.25 Td (these ) Tj ET Q q 0 0 0 rg BT 340.12 286.25 Td (legislative ) Tj ET Q q 0 0 0 rg BT 383.24 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.69 286.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 442.81 286.25 Td (developments, ) Tj ET Q q 0 0 0 rg BT 502.87 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 512.67 286.25 Td (May ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 274.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 105.88 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.47 274.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.73 274.25 Td (undertook ) Tj ET Q q 0 0 0 rg BT 204.66 274.25 Td (an ) Tj ET Q q 0 0 0 rg BT 216.47 274.25 Td (initiative ) Tj ET Q q 0 0 0 rg BT 254.40 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.55 274.25 Td (use ) Tj ET Q q 0 0 0 rg BT 280.26 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.85 274.25 Td (Death ) Tj ET Q q 0 0 0 rg BT 321.11 274.25 Td (Master ) Tj ET Q q 0 0 0 rg BT 351.25 274.25 Td (File ) Tj ET Q q 0 0 0 rg BT 369.19 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.00 274.25 Td (other ) Tj ET Q q 0 0 0 rg BT 408.93 274.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 444.08 274.25 Td (available ) Tj ET Q q 0 0 0 rg BT 482.54 274.25 Td (databases ) Tj ET Q q 0 0 0 rg BT 523.23 274.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 262.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 114.14 262.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 146.72 262.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 191.52 262.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 223.55 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 233.36 262.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 267.05 262.25 Td (under ) Tj ET Q q 0 0 0 rg BT 291.85 262.25 Td (life ) Tj ET Q q 0 0 0 rg BT 307.21 262.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 347.56 262.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 383.20 262.25 Td (annuities ) Tj ET Q q 0 0 0 rg BT 421.33 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.81 262.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 472.04 262.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 493.51 262.25 Td (accounts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 250.25 Td (In ) Tj ET Q q 0 0 0 rg BT 90.75 250.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 127.45 250.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 145.97 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.40 250.25 Td (has ) Tj ET Q q 0 0 0 rg BT 162.15 250.25 Td (received ) Tj ET Q q 0 0 0 rg BT 197.44 250.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 218.86 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.72 250.25 Td (examination ) Tj ET Q q 0 0 0 rg BT 285.58 250.25 Td (notices ) Tj ET Q q 0 0 0 rg BT 315.33 250.25 Td (from ) Tj ET Q q 0 0 0 rg BT 336.19 250.25 Td (several ) Tj ET Q q 0 0 0 rg BT 365.93 250.25 Td (state ) Tj ET Q q 0 0 0 rg BT 385.68 250.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 421.53 250.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 468.50 250.25 Td (for ) Tj ET Q q 0 0 0 rg BT 481.59 250.25 Td (escheatment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.77 238.25 Td (unclaimed ) Tj ET Q q 0 0 0 rg BT 141.76 238.25 Td (property ) Tj ET Q q 0 0 0 rg BT 177.97 238.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 220.84 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.96 238.25 Td (those ) Tj ET Q q 0 0 0 rg BT 254.40 238.25 Td (states ) Tj ET Q q 0 0 0 rg BT 278.95 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.72 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 305.83 238.25 Td (some ) Tj ET Q q 0 0 0 rg BT 329.28 238.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 352.71 238.25 Td (has ) Tj ET Q q 0 0 0 rg BT 368.37 238.25 Td (challenged ) Tj ET Q q 0 0 0 rg BT 414.02 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.57 238.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 454.79 238.25 Td (including ) Tj ET Q q 0 0 0 rg BT 494.90 238.25 Td (litigation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 226.25 Td (against ) Tj ET Q q 0 0 0 rg BT 112.09 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.07 226.25 Td (Controller ) Tj ET Q q 0 0 0 rg BT 170.94 226.25 Td (for ) Tj ET Q q 0 0 0 rg BT 185.37 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.35 226.25 Td (State ) Tj ET Q q 0 0 0 rg BT 223.11 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.20 226.25 Td (California ) Tj ET Q q 0 0 0 rg BT 277.51 226.25 Td (which ) Tj ET Q q 0 0 0 rg BT 304.71 226.25 Td (is ) Tj ET Q q 0 0 0 rg BT 314.15 226.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 345.24 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.78 226.25 Td (a ) Tj ET Q q 0 0 0 rg BT 362.99 226.25 Td (stay) Tj ET Q q 0 0 0 rg BT 378.45 226.25 Td (. ) Tj ET Q q 0 0 0 rg BT 383.71 226.25 Td (FGL) Tj ET Q q 0 0 0 rg BT 402.23 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 405.00 226.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 440.53 226.25 Td (its ) Tj ET Q q 0 0 0 rg BT 452.74 226.25 Td (current ) Tj ET Q q 0 0 0 rg BT 483.82 226.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 515.45 226.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 214.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 105.01 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.04 214.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 164.16 214.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 204.28 214.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 237.20 214.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 266.22 214.25 Td (out ) Tj ET Q q 0 0 0 rg BT 280.80 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.94 214.25 Td (these ) Tj ET Q q 0 0 0 rg BT 313.29 214.25 Td (developments, ) Tj ET Q q 0 0 0 rg BT 373.14 214.25 Td (however ) Tj ET Q q 0 0 0 rg BT 409.37 214.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 431.18 214.25 Td (that ) Tj ET Q q 0 0 0 rg BT 447.98 214.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 476.44 214.25 Td (be ) Tj ET Q q 0 0 0 rg BT 487.68 214.25 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 202.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 121.70 202.25 Td (as ) Tj ET Q q 0 0 0 rg BT 132.40 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.11 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.70 202.25 Td (date ) Tj ET Q q 0 0 0 rg BT 176.73 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.44 202.25 Td (this ) Tj ET Q q 0 0 0 rg BT 204.26 202.25 Td (filing ) Tj ET Q q 0 0 0 rg BT 228.30 202.25 Td (are ) Tj ET Q q 0 0 0 rg BT 242.88 202.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 278.04 202.25 Td (as ) Tj ET Q q 0 0 0 rg BT 288.74 202.25 Td (a ) Tj ET Q q 0 0 0 rg BT 295.56 202.25 Td (result ) Tj ET Q q 0 0 0 rg BT 320.15 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.85 202.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 366.01 202.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 409.48 202.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 467.39 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.21 202.25 Td (other ) Tj ET Q q 0 0 0 rg BT 507.13 202.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 190.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 135.70 190.25 Td (related ) Tj ET Q q 0 0 0 rg BT 165.40 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 175.68 190.25 Td (these ) Tj ET Q q 0 0 0 rg BT 198.73 190.25 Td (matters. ) Tj ET Q q 0 0 0 rg BT 233.16 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 235.66 190.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 171.25 Td (On ) Tj ET Q q 0 0 0 rg BT 119.16 171.25 Td (July ) Tj ET Q q 0 0 0 rg BT 139.26 171.25 Td (5, ) Tj ET Q q 0 0 0 rg BT 150.20 171.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 176.14 171.25 Td (Eddie ) Tj ET Q q 0 0 0 rg BT 202.90 171.25 Td (L. ) Tj ET Q q 0 0 0 rg BT 214.94 171.25 Td (Cressy ) Tj ET Q q 0 0 0 rg BT 245.60 171.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 267.36 171.25 Td (a ) Tj ET Q q 0 0 0 rg BT 275.24 171.25 Td (putative ) Tj ET Q q 0 0 0 rg BT 310.89 171.25 Td (class ) Tj ET Q q 0 0 0 rg BT 333.76 171.25 Td (Complaint ) Tj ET Q q 0 0 0 rg BT 379.42 171.25 Td (captioned) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.29 171.25 Td ( ) Tj ET Q q 0 0 0 rg BT 421.73 171.25 Td (Eddie ) Tj ET Q q 0 0 0 rg BT 448.49 171.25 Td (L. ) Tj ET Q q 0 0 0 rg BT 459.99 171.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 470.18 171.25 Td (essy ) Tj ET Q q 0 0 0 rg BT 490.28 171.25 Td (v) Tj ET Q q 0 0 0 rg BT 493.97 171.25 Td (. ) Tj ET Q q 0 0 0 rg BT 499.91 171.25 Td (Fidelity ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.00 159.25 Td (Guaranty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.21 159.25 Td ([sic]) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.98 159.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.87 159.25 Td (Life ) Tj ET Q q 0 0 0 rg BT 161.31 159.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 204.18 159.25 Td (Company) Tj ET Q q 0 0 0 rg BT 241.96 159.25 Td (, ) Tj ET Q q 0 0 0 rg BT 247.35 159.25 Td (et. ) Tj ET Q q 0 0 0 rg BT 259.95 159.25 Td (al. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.11 159.25 Td (in ) Tj ET Q q 0 0 0 rg BT 283.78 159.25 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 295.99 159.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.88 159.25 Td (Superior ) Tj ET Q q 0 0 0 rg BT 336.20 159.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 361.86 159.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.08 159.25 Td (California, ) Tj ET Q q 0 0 0 rg BT 419.00 159.25 Td (County ) Tj ET Q q 0 0 0 rg BT 451.34 159.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.55 159.25 Td (Los ) Tj ET Q q 0 0 0 rg BT 479.80 159.25 Td (Angeles ) Tj ET Q q 0 0 0 rg BT 515.45 159.25 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 147.25 Td ("Court"\), ) Tj ET Q q 0 0 0 rg BT 120.64 147.25 Td (Case ) Tj ET Q q 0 0 0 rg BT 142.94 147.25 Td (No. ) Tj ET Q q 0 0 0 rg BT 160.53 147.25 Td (BC-514340. ) Tj ET Q q 0 0 0 rg BT 212.36 147.25 Td (The ) Tj ET Q q 0 0 0 rg BT 230.77 147.25 Td (Complaint ) Tj ET Q q 0 0 0 rg BT 275.85 147.25 Td (was ) Tj ET Q q 0 0 0 rg BT 294.27 147.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 315.46 147.25 Td (after ) Tj ET Q q 0 0 0 rg BT 336.64 147.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.73 147.25 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 380.99 147.25 Td (f ) Tj ET Q q 0 0 0 rg BT 387.18 147.25 Td (was ) Tj ET Q q 0 0 0 rg BT 405.60 147.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 435.12 147.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.76 147.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 483.62 147.25 Td (an ) Tj ET Q q 0 0 0 rg BT 495.92 147.25 Td (action ) Tj ET Q q 0 0 0 rg BT 523.22 147.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 135.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 112.27 135.25 Td (court. ) Tj ET Q q 0 0 0 rg BT 138.57 135.25 Td (The ) Tj ET Q q 0 0 0 rg BT 157.63 135.25 Td (Complaint ) Tj ET Q q 0 0 0 rg BT 203.37 135.25 Td (asserts, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 236.04 135.25 Td (inter ) Tj ET Q q 0 0 0 rg BT 258.44 135.25 Td (alia,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 135.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.01 135.25 Td (that ) Tj ET Q q 0 0 0 rg BT 298.52 135.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.25 135.25 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 343.51 135.25 Td (f ) Tj ET Q q 0 0 0 rg BT 350.36 135.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.31 135.25 Td (members ) Tj ET Q q 0 0 0 rg BT 408.48 135.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.32 135.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.05 135.25 Td (putative ) Tj ET Q q 0 0 0 rg BT 471.77 135.25 Td (class ) Tj ET Q q 0 0 0 rg BT 494.73 135.25 Td (relied ) Tj ET Q q 0 0 0 rg BT 521.00 135.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 123.25 Td (Defendants) Tj ET Q q 0 0 0 rg BT 129.13 123.25 Td ( ) Tj ET Q q 0 0 0 rg BT 131.63 123.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 160.22 123.25 Td (in ) Tj ET Q q 0 0 0 rg BT 170.50 123.25 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 216.87 123.25 Td (allegedly ) Tj ET Q q 0 0 0 rg BT 256.02 123.25 Td (unsuitable ) Tj ET Q q 0 0 0 rg BT 299.63 123.25 Td (equity-indexed ) Tj ET Q q 0 0 0 rg BT 362.11 123.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 402.92 123.25 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 104.25 Td (On ) Tj ET Q q 0 0 0 rg BT 117.71 104.25 Td (January ) Tj ET Q q 0 0 0 rg BT 150.80 104.25 Td (2, ) Tj ET Q q 0 0 0 rg BT 160.29 104.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 184.79 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.99 104.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 223.76 104.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 255.18 104.25 Td (Final ) Tj ET Q q 0 0 0 rg BT 277.73 104.25 Td (Judgment ) Tj ET Q q 0 0 0 rg BT 318.60 104.25 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 328.37 104.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 338.56 104.25 Td (essy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.22 104.25 Td (, ) Tj ET Q q 0 0 0 rg BT 359.71 104.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 400.58 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.79 104.25 Td (class ) Tj ET Q q 0 0 0 rg BT 436.22 104.25 Td (for ) Tj ET Q q 0 0 0 rg BT 449.87 104.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 492.96 104.25 Td (purposes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.32 92.25 Td (approving ) Tj ET Q q 0 0 0 rg BT 141.75 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.86 92.25 Td (class ) Tj ET Q q 0 0 0 rg BT 179.18 92.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 223.16 92.25 Td (reached ) Tj ET Q q 0 0 0 rg BT 257.13 92.25 Td (on ) Tj ET Q q 0 0 0 rg BT 269.38 92.25 Td (April ) Tj ET Q q 0 0 0 rg BT 293.37 92.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 303.76 92.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 329.14 92.25 Td (On ) Tj ET Q q 0 0 0 rg BT 343.61 92.25 Td (August ) Tj ET Q q 0 0 0 rg BT 375.39 92.25 Td (10, ) Tj ET Q q 0 0 0 rg BT 390.77 92.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 416.16 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.26 92.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.03 92.25 Td (tendered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.34 92.25 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.34 92.25 Td ( ) Tj ET Q q 0 0 0 rg BT 523.22 92.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.15 80.25 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 139.43 80.25 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 197.47 80.25 Td (for ) Tj ET Q q 0 0 0 rg BT 211.07 80.25 Td (a ) Tj ET Q q 0 0 0 rg BT 217.45 80.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 241.60 80.25 Td (review ) Tj ET Q q 0 0 0 rg BT 270.74 80.25 Td (fund. ) Tj ET Q q 0 0 0 rg BT 293.37 80.25 Td (The ) Tj ET Q q 0 0 0 rg BT 310.85 80.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 351.68 80.25 Td (implemented ) Tj ET Q q 0 0 0 rg BT 405.82 80.25 Td (an ) Tj ET Q q 0 0 0 rg BT 417.20 80.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 448.57 80.25 Td (enhancement ) Tj ET Q q 0 0 0 rg BT 503.26 80.25 Td (feature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 68.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.74 68.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 124.02 68.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 157.20 68.25 Td (as ) Tj ET Q q 0 0 0 rg BT 167.60 68.25 Td (part ) Tj ET Q q 0 0 0 rg BT 185.23 68.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.63 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.93 68.25 Td (class ) Tj ET Q q 0 0 0 rg BT 231.44 68.25 Td (settlement, ) Tj ET Q q 0 0 0 rg BT 277.12 68.25 Td (which ) Tj ET Q q 0 0 0 rg BT 303.63 68.25 Td (enhancement ) Tj ET Q q 0 0 0 rg BT 358.46 68.25 Td (began ) Tj ET Q q 0 0 0 rg BT 384.41 68.25 Td (on ) Tj ET Q q 0 0 0 rg BT 396.49 68.25 Td (October ) Tj ET Q q 0 0 0 rg BT 430.77 68.25 Td (12, ) Tj ET Q q 0 0 0 rg BT 445.35 68.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 469.92 68.25 Td (On ) Tj ET Q q 0 0 0 rg BT 484.22 68.25 Td (October ) Tj ET Q q 0 0 0 rg BT 518.51 68.25 Td (24, ) Tj ET Q endstream endobj 327 0 obj <>] /Rotate 0 /Contents 328 0 R>> endobj 328 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 105.07 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.87 735.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 147.10 735.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 167.00 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 173.01 735.60 Td (Joint ) Tj ET Q q 0 0 0 rg BT 194.03 735.60 Td (Motion ) Tj ET Q q 0 0 0 rg BT 225.06 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 234.41 735.60 Td (amend ) Tj ET Q q 0 0 0 rg BT 262.64 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.43 735.60 Td (January ) Tj ET Q q 0 0 0 rg BT 309.10 735.60 Td (2, ) Tj ET Q q 0 0 0 rg BT 318.18 735.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 339.75 735.60 Td (Final ) Tj ET Q q 0 0 0 rg BT 361.88 735.60 Td (Order ) Tj ET Q q 0 0 0 rg BT 386.78 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.79 735.60 Td (Judgment, ) Tj ET Q q 0 0 0 rg BT 445.75 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 455.11 735.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 483.34 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.13 735.60 Td (deadline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.16 723.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 138.76 723.60 Td (completion ) Tj ET Q q 0 0 0 rg BT 186.25 723.60 Td (from ) Tj ET Q q 0 0 0 rg BT 208.19 723.60 Td (October ) Tj ET Q q 0 0 0 rg BT 242.89 723.60 Td (24, ) Tj ET Q q 0 0 0 rg BT 257.89 723.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 280.39 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.67 723.60 Td (December ) Tj ET Q q 0 0 0 rg BT 334.26 723.60 Td (5, ) Tj ET Q q 0 0 0 rg BT 344.26 723.60 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 704.60 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.23 704.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 176.73 704.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.73 704.60 Td (, ) Tj ET Q q 0 0 0 rg BT 201.96 704.60 Td (the ) Tj ET Q q 0 0 0 rg BT 216.91 704.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.53 704.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 299.59 704.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.54 704.60 Td (total ) Tj ET Q q 0 0 0 rg BT 335.04 704.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 353.89 704.60 Td (for ) Tj ET Q q 0 0 0 rg BT 368.28 704.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.23 704.60 Td (settlement, ) Tj ET Q q 0 0 0 rg BT 429.56 704.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 451.73 704.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 470.56 704.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.73 704.60 Td (other ) Tj ET Q q 0 0 0 rg BT 511.01 704.60 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 692.60 Td (related ) Tj ET Q q 0 0 0 rg BT 110.55 692.60 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.67 692.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 130.86 692.60 Td (essy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.52 692.60 Td ( ) Tj ET Q q 0 0 0 rg BT 149.87 692.60 Td (would ) Tj ET Q q 0 0 0 rg BT 177.21 692.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.00 692.60 Td ($9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.00 692.60 Td ( ) Tj ET Q q 0 0 0 rg BT 201.34 692.60 Td (with ) Tj ET Q q 0 0 0 rg BT 221.46 692.60 Td (a ) Tj ET Q q 0 0 0 rg BT 228.25 692.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 261.70 692.60 Td (for ) Tj ET Q q 0 0 0 rg BT 275.71 692.60 Td (the ) Tj ET Q q 0 0 0 rg BT 290.27 692.60 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 319.83 692.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 351.06 692.60 Td (of ) Tj ET Q q 0 0 0 rg BT 361.74 692.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.30 692.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 411.97 692.60 Td (of ) Tj ET Q q 0 0 0 rg BT 422.64 692.60 Td (less ) Tj ET Q q 0 0 0 rg BT 439.99 692.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.55 692.60 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.55 692.60 Td (. ) Tj ET Q q 0 0 0 rg BT 474.22 692.60 Td (The ) Tj ET Q q 0 0 0 rg BT 492.12 692.60 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 680.60 Td (has ) Tj ET Q q 0 0 0 rg BT 96.39 680.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 131.77 680.60 Td (and ) Tj ET Q q 0 0 0 rg BT 148.27 680.60 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.55 680.60 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.55 680.60 Td ( ) Tj ET Q q 0 0 0 rg BT 179.62 680.60 Td (related ) Tj ET Q q 0 0 0 rg BT 208.88 680.60 Td (to ) Tj ET Q q 0 0 0 rg BT 218.72 680.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 240.22 680.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 258.38 680.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.88 680.60 Td (other ) Tj ET Q q 0 0 0 rg BT 297.49 680.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 319.55 680.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.06 680.60 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.06 680.60 Td ( ) Tj ET Q q 0 0 0 rg BT 348.12 680.60 Td (related ) Tj ET Q q 0 0 0 rg BT 377.38 680.60 Td (to ) Tj ET Q q 0 0 0 rg BT 387.23 680.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 430.39 680.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 452.45 680.60 Td (as ) Tj ET Q q 0 0 0 rg BT 462.84 680.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.24 680.60 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 668.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 668.60 Td (. ) Tj ET Q q 0 0 0 rg BT 106.36 668.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 133.65 668.60 Td (on ) Tj ET Q q 0 0 0 rg BT 146.51 668.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.58 668.60 Td (information ) Tj ET Q q 0 0 0 rg BT 211.65 668.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 250.60 668.60 Td (available ) Tj ET Q q 0 0 0 rg BT 289.54 668.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.62 668.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 346.36 668.60 Td (does ) Tj ET Q q 0 0 0 rg BT 367.55 668.60 Td (not ) Tj ET Q q 0 0 0 rg BT 383.18 668.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 412.13 668.60 Td (the ) Tj ET Q q 0 0 0 rg BT 427.21 668.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 453.93 668.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 472.90 668.60 Td (for ) Tj ET Q q 0 0 0 rg BT 487.42 668.60 Td (settlement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 656.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 102.93 656.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 121.53 656.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.47 656.60 Td (other ) Tj ET Q q 0 0 0 rg BT 161.52 656.60 Td (related ) Tj ET Q q 0 0 0 rg BT 191.22 656.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 213.72 656.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.00 656.60 Td (dif) Tj ET Q q 0 0 0 rg BT 234.93 656.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 248.52 656.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 291.56 656.60 Td (from ) Tj ET Q q 0 0 0 rg BT 313.50 656.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.22 656.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 360.71 656.60 Td (accrued.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 637.60 Td (During ) Tj ET Q q 0 0 0 rg BT 133.26 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.92 637.60 Td (third ) Tj ET Q q 0 0 0 rg BT 167.24 637.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 196.99 637.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.75 637.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 230.69 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 244.34 637.60 Td (Company) Tj ET Q q 0 0 0 rg BT 282.58 637.60 Td (, ) Tj ET Q q 0 0 0 rg BT 286.51 637.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 309.06 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.93 637.60 Td (OM ) Tj ET Q q 0 0 0 rg BT 342.48 637.60 Td (Group ) Tj ET Q q 0 0 0 rg BT 369.46 637.60 Td (\(UK\) ) Tj ET Q q 0 0 0 rg BT 392.00 637.60 Td (Limited ) Tj ET Q q 0 0 0 rg BT 425.10 637.60 Td (reached ) Tj ET Q q 0 0 0 rg BT 457.62 637.60 Td (a ) Tj ET Q q 0 0 0 rg BT 463.49 637.60 Td (global ) Tj ET Q q 0 0 0 rg BT 489.92 637.60 Td (settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 625.60 Td (that ) Tj ET Q q 0 0 0 rg BT 97.70 625.60 Td (resolved ) Tj ET Q q 0 0 0 rg BT 133.29 625.60 Td (all ) Tj ET Q q 0 0 0 rg BT 144.99 625.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 166.13 625.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 214.50 625.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 242.31 625.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 271.24 625.60 Td (under ) Tj ET Q q 0 0 0 rg BT 295.71 625.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.64 625.60 Td (First ) Tj ET Q q 0 0 0 rg BT 329.31 625.60 Td (Amended ) Tj ET Q q 0 0 0 rg BT 369.89 625.60 Td (and ) Tj ET Q q 0 0 0 rg BT 386.03 625.60 Td (Restated ) Tj ET Q q 0 0 0 rg BT 422.17 625.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 446.66 625.60 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 484.09 625.60 Td (Agreement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 613.60 Td (dated ) Tj ET Q q 0 0 0 rg BT 104.97 613.60 Td (February ) Tj ET Q q 0 0 0 rg BT 143.39 613.60 Td (17, ) Tj ET Q q 0 0 0 rg BT 158.20 613.60 Td (201) Tj ET Q q 0 0 0 rg BT 172.83 613.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 180.15 613.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 198.01 613.60 Td ("F&G ) Tj ET Q q 0 0 0 rg BT 224.97 613.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 250.07 613.60 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 287.97 613.60 Td (Agreement"\) ) Tj ET Q q 0 0 0 rg BT 342.13 613.60 Td (between ) Tj ET Q q 0 0 0 rg BT 377.76 613.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 396.28 613.60 Td ( ) Tj ET Q q 0 0 0 rg BT 398.60 613.60 Td (\(previously) Tj ET Q q 0 0 0 rg BT 443.49 613.60 Td (, ) Tj ET Q q 0 0 0 rg BT 448.31 613.60 Td (HFG\) ) Tj ET Q q 0 0 0 rg BT 473.96 613.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.72 613.60 Td (OMGUK. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 601.60 Td (As ) Tj ET Q q 0 0 0 rg BT 94.73 601.60 Td (a ) Tj ET Q q 0 0 0 rg BT 101.78 601.60 Td (part ) Tj ET Q q 0 0 0 rg BT 119.94 601.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.88 601.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.71 601.60 Td (settlement, ) Tj ET Q q 0 0 0 rg BT 191.93 601.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.76 601.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 248.26 601.60 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.73 601.60 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.73 601.60 Td ( ) Tj ET Q q 0 0 0 rg BT 297.35 601.60 Td (to ) Tj ET Q q 0 0 0 rg BT 307.74 601.60 Td (settle ) Tj ET Q q 0 0 0 rg BT 331.46 601.60 Td (its ) Tj ET Q q 0 0 0 rg BT 343.52 601.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 392.80 601.60 Td (claim ) Tj ET Q q 0 0 0 rg BT 417.62 601.60 Td (that ) Tj ET Q q 0 0 0 rg BT 435.23 601.60 Td (OMGUK ) Tj ET Q q 0 0 0 rg BT 475.62 601.60 Td (was ) Tj ET Q q 0 0 0 rg BT 493.79 601.60 Td (obligated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 589.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 589.60 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 134.88 589.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.60 589.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.99 589.60 Td (for ) Tj ET Q q 0 0 0 rg BT 205.15 589.60 Td (the ) Tj ET Q q 0 0 0 rg BT 219.86 589.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 242.36 589.60 Td (to ) Tj ET Q q 0 0 0 rg BT 252.64 589.60 Td (defend ) Tj ET Q q 0 0 0 rg BT 282.35 589.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.29 589.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.00 589.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 357.60 589.60 Td (of ) Tj ET Q q 0 0 0 rg BT 368.43 589.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.15 589.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 413.97 589.60 Td (brought ) Tj ET Q q 0 0 0 rg BT 447.58 589.60 Td (by ) Tj ET Q q 0 0 0 rg BT 460.08 589.60 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 489.34 589.60 Td (f ) Tj ET Q q 0 0 0 rg BT 495.17 589.60 Td (Cressy) Tj ET Q q 0 0 0 rg BT 521.75 589.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 570.60 Td (On ) Tj ET Q q 0 0 0 rg BT 118.14 570.60 Td (January ) Tj ET Q q 0 0 0 rg BT 151.65 570.60 Td (7, ) Tj ET Q q 0 0 0 rg BT 161.57 570.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 186.49 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 193.34 570.60 Td (putative ) Tj ET Q q 0 0 0 rg BT 227.97 570.60 Td (class ) Tj ET Q q 0 0 0 rg BT 249.83 570.60 Td (action ) Tj ET Q q 0 0 0 rg BT 276.68 570.60 Td (complaint ) Tj ET Q q 0 0 0 rg BT 319.09 570.60 Td (was ) Tj ET Q q 0 0 0 rg BT 337.05 570.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 357.80 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 367.99 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 382.63 570.60 Td (United ) Tj ET Q q 0 0 0 rg BT 412.26 570.60 Td (States ) Tj ET Q q 0 0 0 rg BT 438.56 570.60 Td (District ) Tj ET Q q 0 0 0 rg BT 470.98 570.60 Td (Court, ) Tj ET Q q 0 0 0 rg BT 498.50 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 507.13 570.60 Td (estern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 558.60 Td (District ) Tj ET Q q 0 0 0 rg BT 112.48 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.30 558.60 Td (Missouri ) Tj ET Q q 0 0 0 rg BT 159.35 558.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 176.39 558.60 Td ("District ) Tj ET Q q 0 0 0 rg BT 211.96 558.60 Td (Court"\), ) Tj ET Q q 0 0 0 rg BT 246.14 558.60 Td (captioned ) Tj ET Q q 0 0 0 rg BT 286.50 558.60 Td (Dale ) Tj ET Q q 0 0 0 rg BT 306.86 558.60 Td (R. ) Tj ET Q q 0 0 0 rg BT 317.52 558.60 Td (Ludwick, ) Tj ET Q q 0 0 0 rg BT 357.06 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 368.55 558.60 Td (behalf ) Tj ET Q q 0 0 0 rg BT 395.02 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 404.84 558.60 Td (Herself ) Tj ET Q q 0 0 0 rg BT 435.76 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 451.36 558.60 Td (All ) Tj ET Q q 0 0 0 rg BT 465.63 558.60 Td (Others ) Tj ET Q q 0 0 0 rg BT 493.78 558.60 Td (Similarly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 546.60 Td (Situated ) Tj ET Q q 0 0 0 rg BT 116.73 546.60 Td (v) Tj ET Q q 0 0 0 rg BT 121.08 546.60 Td (. ) Tj ET Q q 0 0 0 rg BT 126.54 546.60 Td (Harbinger ) Tj ET Q q 0 0 0 rg BT 170.04 546.60 Td (Group ) Tj ET Q q 0 0 0 rg BT 198.54 546.60 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 219.27 546.60 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 253.34 546.60 Td (& ) Tj ET Q q 0 0 0 rg BT 264.08 546.60 Td (Guaranty ) Tj ET Q q 0 0 0 rg BT 304.24 546.60 Td (Life ) Tj ET Q q 0 0 0 rg BT 323.86 546.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 365.68 546.60 Td (Company) Tj ET Q q 0 0 0 rg BT 403.92 546.60 Td (, ) Tj ET Q q 0 0 0 rg BT 409.38 546.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 437.88 546.60 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 490.26 546.60 Td (Company) Tj ET Q q 0 0 0 rg BT 528.50 546.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.89 534.60 Td (Front ) Tj ET Q q 0 0 0 rg BT 124.01 534.60 Td (Street ) Tj ET Q q 0 0 0 rg BT 150.79 534.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 165.35 534.60 Td (\(Cayman\) ) Tj ET Q q 0 0 0 rg BT 208.79 534.60 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 228.38 534.60 Td (The ) Tj ET Q q 0 0 0 rg BT 247.38 534.60 Td (complaint ) Tj ET Q q 0 0 0 rg BT 290.82 534.60 Td (alleges ) Tj ET Q q 0 0 0 rg BT 322.03 534.60 Td (violations ) Tj ET Q q 0 0 0 rg BT 364.93 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 376.71 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 392.38 534.60 Td (Racketeer ) Tj ET Q q 0 0 0 rg BT 435.80 534.60 Td (Influenced ) Tj ET Q q 0 0 0 rg BT 482.01 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 499.90 534.60 Td (Corrupt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 522.60 Td (Or) Tj ET Q q 0 0 0 rg BT 91.37 522.60 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 138.82 522.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 155.70 522.60 Td (\("RICO"\), ) Tj ET Q q 0 0 0 rg BT 199.36 522.60 Td (requests ) Tj ET Q q 0 0 0 rg BT 234.57 522.60 Td (injunctive ) Tj ET Q q 0 0 0 rg BT 277.01 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 293.89 522.60 Td (declaratory ) Tj ET Q q 0 0 0 rg BT 341.30 522.60 Td (relief ) Tj ET Q q 0 0 0 rg BT 364.84 522.60 Td (seeks ) Tj ET Q q 0 0 0 rg BT 388.94 522.60 Td (unspecified ) Tj ET Q q 0 0 0 rg BT 437.48 522.60 Td (compensatory ) Tj ET Q q 0 0 0 rg BT 496.02 522.60 Td (damages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 510.60 Td (for ) Tj ET Q q 0 0 0 rg BT 94.49 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 108.54 510.60 Td (putative ) Tj ET Q q 0 0 0 rg BT 142.59 510.60 Td (class ) Tj ET Q q 0 0 0 rg BT 163.86 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 173.47 510.60 Td (an ) Tj ET Q q 0 0 0 rg BT 184.75 510.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 216.57 510.60 Td (not ) Tj ET Q q 0 0 0 rg BT 231.19 510.60 Td (presently ) Tj ET Q q 0 0 0 rg BT 269.67 510.60 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 326.21 510.60 Td (treble ) Tj ET Q q 0 0 0 rg BT 350.80 510.60 Td (damages, ) Tj ET Q q 0 0 0 rg BT 390.12 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 406.39 510.60 Td (other ) Tj ET Q q 0 0 0 rg BT 428.77 510.60 Td (relief, ) Tj ET Q q 0 0 0 rg BT 454.20 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 470.47 510.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 498.41 510.60 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 527.67 510.60 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 498.60 Td (Ludwick ) Tj ET Q q 0 0 0 rg BT 118.47 498.60 Td (overpaid ) Tj ET Q q 0 0 0 rg BT 155.37 498.60 Td (at ) Tj ET Q q 0 0 0 rg BT 164.51 498.60 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.76 498.60 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.76 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 196.68 498.60 Td (for ) Tj ET Q q 0 0 0 rg BT 210.26 498.60 Td (her ) Tj ET Q q 0 0 0 rg BT 224.95 498.60 Td (annuity) Tj ET Q q 0 0 0 rg BT 254.29 498.60 Td (. ) Tj ET Q q 0 0 0 rg BT 258.71 498.60 Td (On ) Tj ET Q q 0 0 0 rg BT 272.43 498.60 Td (April ) Tj ET Q q 0 0 0 rg BT 295.46 498.60 Td (13, ) Tj ET Q q 0 0 0 rg BT 309.88 498.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 334.30 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.44 498.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 389.24 498.60 Td (joined ) Tj ET Q q 0 0 0 rg BT 416.16 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 425.86 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.00 498.60 Td (filing ) Tj ET Q q 0 0 0 rg BT 463.58 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 473.83 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 480.19 498.60 Td (Joint ) Tj ET Q q 0 0 0 rg BT 501.56 498.60 Td (Motion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 90.39 486.60 Td (Dismiss ) Tj ET Q q 0 0 0 rg BT 124.24 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.08 486.60 Td (complaint. ) Tj ET Q q 0 0 0 rg BT 182.18 486.60 Td (On ) Tj ET Q q 0 0 0 rg BT 196.02 486.60 Td (February ) Tj ET Q q 0 0 0 rg BT 233.73 486.60 Td (12, ) Tj ET Q q 0 0 0 rg BT 247.85 486.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 271.97 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.80 486.60 Td (District ) Tj ET Q q 0 0 0 rg BT 317.41 486.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 341.81 486.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 373.41 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 387.24 486.60 Td (defendants) Tj ET Q q 0 0 0 rg BT 433.14 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 434.76 486.60 Td (Joint ) Tj ET Q q 0 0 0 rg BT 455.82 486.60 Td (Motion ) Tj ET Q q 0 0 0 rg BT 486.89 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 496.28 486.60 Td (Dismiss. ) Tj ET Q q 0 0 0 rg BT 533.51 486.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 474.60 Td (Judgment ) Tj ET Q q 0 0 0 rg BT 122.12 474.60 Td (was ) Tj ET Q q 0 0 0 rg BT 139.91 474.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 171.57 474.60 Td (on ) Tj ET Q q 0 0 0 rg BT 183.80 474.60 Td (February ) Tj ET Q q 0 0 0 rg BT 222.14 474.60 Td (12, ) Tj ET Q q 0 0 0 rg BT 236.87 474.60 Td (2016. ) Tj ET Q q 0 0 0 rg BT 261.61 474.60 Td (On ) Tj ET Q q 0 0 0 rg BT 276.07 474.60 Td (March ) Tj ET Q q 0 0 0 rg BT 304.40 474.60 Td (3, ) Tj ET Q q 0 0 0 rg BT 314.13 474.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 338.87 474.60 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 368.13 474.60 Td (f ) Tj ET Q q 0 0 0 rg BT 373.70 474.60 Td (Ludwick ) Tj ET Q q 0 0 0 rg BT 411.48 474.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 432.04 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 438.71 474.60 Td (Notice ) Tj ET Q q 0 0 0 rg BT 467.61 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 477.68 474.60 Td (Appeal ) Tj ET Q q 0 0 0 rg BT 508.79 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 518.80 474.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 462.60 Td (United ) Tj ET Q q 0 0 0 rg BT 110.28 462.60 Td (States ) Tj ET Q q 0 0 0 rg BT 136.23 462.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 161.07 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 171.01 462.60 Td (Appeals ) Tj ET Q q 0 0 0 rg BT 205.84 462.60 Td (for ) Tj ET Q q 0 0 0 rg BT 219.56 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.84 462.60 Td (Eighth ) Tj ET Q q 0 0 0 rg BT 262.57 462.60 Td (Circuit ) Tj ET Q q 0 0 0 rg BT 292.41 462.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 310.02 462.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 339.30 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 349.24 462.60 Td (Appeals\) ) Tj ET Q q 0 0 0 rg BT 391.84 462.60 Td (from ) Tj ET Q q 0 0 0 rg BT 413.34 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 427.62 462.60 Td (District ) Tj ET Q q 0 0 0 rg BT 459.67 462.60 Td (Court) Tj ET Q q 0 0 0 rg BT 485.23 462.60 Td (s ) Tj ET Q q 0 0 0 rg BT 491.19 462.60 Td (Order ) Tj ET Q q 0 0 0 rg BT 516.57 462.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 450.60 Td (Judgment. ) Tj ET Q q 0 0 0 rg BT 124.31 450.60 Td (As ) Tj ET Q q 0 0 0 rg BT 137.88 450.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.67 450.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 208.90 450.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.90 450.60 Td (, ) Tj ET Q q 0 0 0 rg BT 233.86 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 248.54 450.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 289.89 450.60 Td (did ) Tj ET Q q 0 0 0 rg BT 305.13 450.60 Td (not ) Tj ET Q q 0 0 0 rg BT 320.37 450.60 Td (have ) Tj ET Q q 0 0 0 rg BT 341.71 450.60 Td (suf) Tj ET Q q 0 0 0 rg BT 353.75 450.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 381.76 450.60 Td (information ) Tj ET Q q 0 0 0 rg BT 431.43 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 441.67 450.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 484.11 450.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 518.78 450.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 438.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.47 438.60 Td (is ) Tj ET Q q 0 0 0 rg BT 133.72 438.60 Td (exposed ) Tj ET Q q 0 0 0 rg BT 170.08 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 181.44 438.60 Td (any ) Tj ET Q q 0 0 0 rg BT 199.46 438.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 226.94 438.60 Td (that ) Tj ET Q q 0 0 0 rg BT 245.52 438.60 Td (would ) Tj ET Q q 0 0 0 rg BT 274.10 438.60 Td (be ) Tj ET Q q 0 0 0 rg BT 287.12 438.60 Td (either ) Tj ET Q q 0 0 0 rg BT 313.47 438.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 352.04 438.60 Td (or ) Tj ET Q q 0 0 0 rg BT 363.95 438.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 410.85 438.60 Td (estimable ) Tj ET Q q 0 0 0 rg BT 452.76 438.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 485.78 438.60 Td (an ) Tj ET Q q 0 0 0 rg BT 498.80 438.60 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 426.60 Td (contingency ) Tj ET Q q 0 0 0 rg BT 132.37 426.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 168.19 426.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.02 426.60 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.02 426.60 Td (, ) Tj ET Q q 0 0 0 rg BT 194.02 426.60 Td (which ) Tj ET Q q 0 0 0 rg BT 220.96 426.60 Td (was ) Tj ET Q q 0 0 0 rg BT 239.01 426.60 Td (accrued ) Tj ET Q q 0 0 0 rg BT 272.60 426.60 Td (during ) Tj ET Q q 0 0 0 rg BT 301.21 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.92 426.60 Td (year ) Tj ET Q q 0 0 0 rg BT 335.63 426.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.01 426.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 422.27 426.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.27 426.60 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 405.60 Td (Guarantees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 386.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.82 386.60 Td (F&G ) Tj ET Q q 0 0 0 rg BT 149.15 386.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 176.69 386.60 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 216.51 386.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 265.70 386.60 Td (between ) Tj ET Q q 0 0 0 rg BT 303.79 386.60 Td (HFG ) Tj ET Q q 0 0 0 rg BT 328.56 386.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.77 386.60 Td (OMGUK ) Tj ET Q q 0 0 0 rg BT 390.31 386.60 Td (included ) Tj ET Q q 0 0 0 rg BT 429.52 386.60 Td (a ) Tj ET Q q 0 0 0 rg BT 438.73 386.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 484.58 386.60 Td (and ) Tj ET Q q 0 0 0 rg BT 503.79 386.60 Td (Pledge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 374.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 130.16 374.60 Td (which ) Tj ET Q q 0 0 0 rg BT 156.83 374.60 Td (created ) Tj ET Q q 0 0 0 rg BT 187.93 374.60 Td (a ) Tj ET Q q 0 0 0 rg BT 194.60 374.60 Td (security ) Tj ET Q q 0 0 0 rg BT 228.50 374.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 260.16 374.60 Td (in ) Tj ET Q q 0 0 0 rg BT 270.18 374.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.63 374.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 311.86 374.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.43 374.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 350.77 374.60 Td (and ) Tj ET Q q 0 0 0 rg BT 367.45 374.60 Td (FGLH) Tj ET Q q 0 0 0 rg BT 396.34 374.60 Td (s ) Tj ET Q q 0 0 0 rg BT 402.47 374.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 429.70 374.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 461.37 374.60 Td (in ) Tj ET Q q 0 0 0 rg BT 471.38 374.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 489.90 374.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.14 374.60 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 362.60 Td (for ) Tj ET Q q 0 0 0 rg BT 94.15 362.60 Td (the ) Tj ET Q q 0 0 0 rg BT 107.85 362.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 137.11 362.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.92 362.60 Td (OMGUK ) Tj ET Q q 0 0 0 rg BT 186.19 362.60 Td (in ) Tj ET Q q 0 0 0 rg BT 195.46 362.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.16 362.60 Td (event ) Tj ET Q q 0 0 0 rg BT 232.31 362.60 Td (that ) Tj ET Q q 0 0 0 rg BT 248.79 362.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 267.31 362.60 Td ( ) Tj ET Q q 0 0 0 rg BT 268.80 362.60 Td (failed ) Tj ET Q q 0 0 0 rg BT 293.05 362.60 Td (to ) Tj ET Q q 0 0 0 rg BT 302.32 362.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 336.01 362.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 364.70 362.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 410.63 362.60 Td (under ) Tj ET Q q 0 0 0 rg BT 434.89 362.60 Td (the ) Tj ET Q q 0 0 0 rg BT 448.60 362.60 Td (F&G ) Tj ET Q q 0 0 0 rg BT 470.65 362.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 494.91 362.60 Td (Purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 350.60 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 130.17 350.60 Td (In ) Tj ET Q q 0 0 0 rg BT 140.76 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.22 350.60 Td (third ) Tj ET Q q 0 0 0 rg BT 176.36 350.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 206.93 350.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.51 350.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 242.26 350.60 Td (in ) Tj ET Q q 0 0 0 rg BT 252.29 350.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 298.41 350.60 Td (with ) Tj ET Q q 0 0 0 rg BT 318.44 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 332.91 350.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 376.26 350.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.84 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 401.31 350.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 439.67 350.60 Td (amongst ) Tj ET Q q 0 0 0 rg BT 475.80 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.27 350.60 Td (Company) Tj ET Q q 0 0 0 rg BT 528.51 350.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 338.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 104.25 338.60 Td (and ) Tj ET Q q 0 0 0 rg BT 120.83 338.60 Td (OMGUK, ) Tj ET Q q 0 0 0 rg BT 163.25 338.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.60 338.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 220.82 338.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.40 338.60 Td (Pledge ) Tj ET Q q 0 0 0 rg BT 266.28 338.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 312.85 338.60 Td (was ) Tj ET Q q 0 0 0 rg BT 330.54 338.60 Td (terminated ) Tj ET Q q 0 0 0 rg BT 375.44 338.60 Td (and ) Tj ET Q q 0 0 0 rg BT 392.01 338.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.37 338.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 447.39 338.60 Td (was ) Tj ET Q q 0 0 0 rg BT 465.08 338.60 Td (released ) Tj ET Q q 0 0 0 rg BT 499.98 338.60 Td (from ) Tj ET Q q 0 0 0 rg BT 521.55 338.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 326.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 127.94 326.60 Td (thereunder) Tj ET Q q 0 0 0 rg BT 170.15 326.60 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 293.60 Td (\(13\) ) Tj ET Q q 0 0 0 rg BT 100.16 293.60 Td (Reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 274.60 Td (The ) Tj ET Q q 0 0 0 rg BT 121.55 274.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.94 274.60 Td (reinsures ) Tj ET Q q 0 0 0 rg BT 201.54 274.60 Td (portions ) Tj ET Q q 0 0 0 rg BT 236.82 274.60 Td (of ) Tj ET Q q 0 0 0 rg BT 247.65 274.60 Td (its ) Tj ET Q q 0 0 0 rg BT 259.60 274.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 287.09 274.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 308.49 274.60 Td (with ) Tj ET Q q 0 0 0 rg BT 328.77 274.60 Td (other ) Tj ET Q q 0 0 0 rg BT 351.82 274.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 392.63 274.60 Td (companies. ) Tj ET Q q 0 0 0 rg BT 440.22 274.60 Td (The ) Tj ET Q q 0 0 0 rg BT 458.26 274.60 Td (use ) Tj ET Q q 0 0 0 rg BT 474.10 274.60 Td (of ) Tj ET Q q 0 0 0 rg BT 484.93 274.60 Td (reinsurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 262.60 Td (does ) Tj ET Q q 0 0 0 rg BT 101.20 262.60 Td (not ) Tj ET Q q 0 0 0 rg BT 115.85 262.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 144.54 262.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 155.85 262.60 Td (an ) Tj ET Q q 0 0 0 rg BT 167.16 262.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 196.80 262.60 Td (from ) Tj ET Q q 0 0 0 rg BT 218.11 262.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 251.09 262.60 Td (on ) Tj ET Q q 0 0 0 rg BT 262.96 262.60 Td (the ) Tj ET Q q 0 0 0 rg BT 277.04 262.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 317.23 262.60 Td (ceded. ) Tj ET Q q 0 0 0 rg BT 344.78 262.60 Td (The ) Tj ET Q q 0 0 0 rg BT 362.20 262.60 Td (insurer ) Tj ET Q q 0 0 0 rg BT 391.84 262.60 Td (is ) Tj ET Q q 0 0 0 rg BT 400.38 262.60 Td (required ) Tj ET Q q 0 0 0 rg BT 435.56 262.60 Td (to ) Tj ET Q q 0 0 0 rg BT 445.21 262.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 461.52 262.60 Td (in ) Tj ET Q q 0 0 0 rg BT 471.17 262.60 Td (full ) Tj ET Q q 0 0 0 rg BT 486.92 262.60 Td (the ) Tj ET Q q 0 0 0 rg BT 501.01 262.60 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 250.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.02 250.60 Td (its ) Tj ET Q q 0 0 0 rg BT 104.17 250.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 145.18 250.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 178.98 250.60 Td (regardless ) Tj ET Q q 0 0 0 rg BT 222.21 250.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.24 250.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 268.14 250.60 Td (it ) Tj ET Q q 0 0 0 rg BT 276.39 250.60 Td (is ) Tj ET Q q 0 0 0 rg BT 285.75 250.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 318.44 250.60 Td (to ) Tj ET Q q 0 0 0 rg BT 328.91 250.60 Td (or ) Tj ET Q q 0 0 0 rg BT 339.93 250.60 Td (able ) Tj ET Q q 0 0 0 rg BT 359.28 250.60 Td (to ) Tj ET Q q 0 0 0 rg BT 369.76 250.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 401.31 250.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 438.44 250.60 Td (from ) Tj ET Q q 0 0 0 rg BT 460.57 250.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.48 250.60 Td (reinsurer) Tj ET Q q 0 0 0 rg BT 510.47 250.60 Td (. ) Tj ET Q q 0 0 0 rg BT 515.47 250.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 238.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 113.21 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.87 238.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 147.09 238.60 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 190.95 238.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.50 238.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 254.40 238.60 Td (retention ) Tj ET Q q 0 0 0 rg BT 293.27 238.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 315.49 238.60 Td (is ) Tj ET Q q 0 0 0 rg BT 325.49 238.60 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 366.02 238.60 Td (with ) Tj ET Q q 0 0 0 rg BT 387.13 238.60 Td (other ) Tj ET Q q 0 0 0 rg BT 411.00 238.60 Td (insurers. ) Tj ET Q q 0 0 0 rg BT 448.25 238.60 Td (The ) Tj ET Q q 0 0 0 rg BT 467.13 238.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 509.34 238.60 Td (seeks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 226.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 130.80 226.60 Td (coverage ) Tj ET Q q 0 0 0 rg BT 170.59 226.60 Td (in ) Tj ET Q q 0 0 0 rg BT 182.09 226.60 Td (order ) Tj ET Q q 0 0 0 rg BT 206.90 226.60 Td (to ) Tj ET Q q 0 0 0 rg BT 218.39 226.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 241.00 226.60 Td (its ) Tj ET Q q 0 0 0 rg BT 254.16 226.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 293.97 226.60 Td (to ) Tj ET Q q 0 0 0 rg BT 305.46 226.60 Td (mortality ) Tj ET Q q 0 0 0 rg BT 345.83 226.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 373.44 226.60 Td (and ) Tj ET Q q 0 0 0 rg BT 391.59 226.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 428.06 226.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 458.42 226.60 Td (management. ) Tj ET Q q 0 0 0 rg BT 515.46 226.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 214.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.52 214.60 Td (follows ) Tj ET Q q 0 0 0 rg BT 155.14 214.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 203.86 214.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 250.36 214.60 Td (when ) Tj ET Q q 0 0 0 rg BT 274.65 214.60 Td (there ) Tj ET Q q 0 0 0 rg BT 297.26 214.60 Td (is ) Tj ET Q q 0 0 0 rg BT 306.56 214.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 344.72 214.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 362.35 214.60 Td (transfer) Tj ET Q q 0 0 0 rg BT 392.33 214.60 Td (. ) Tj ET Q q 0 0 0 rg BT 397.46 214.60 Td (Otherwise, ) Tj ET Q q 0 0 0 rg BT 443.69 214.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.53 214.60 Td (deposit ) Tj ET Q q 0 0 0 rg BT 490.05 214.60 Td (method ) Tj ET Q q 0 0 0 rg BT 522.67 214.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 202.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 127.37 202.60 Td (is ) Tj ET Q q 0 0 0 rg BT 136.54 202.60 Td (followed. ) Tj ET Q q 0 0 0 rg BT 176.91 202.60 Td (The ) Tj ET Q q 0 0 0 rg BT 194.96 202.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 236.34 202.60 Td (also ) Tj ET Q q 0 0 0 rg BT 254.95 202.60 Td (assumes ) Tj ET Q q 0 0 0 rg BT 290.78 202.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 318.28 202.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 339.67 202.60 Td (from ) Tj ET Q q 0 0 0 rg BT 361.61 202.60 Td (other ) Tj ET Q q 0 0 0 rg BT 384.65 202.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 425.47 202.60 Td (companies. ) Tj ET Q endstream endobj 329 0 obj <>] /Rotate 0 /Contents 330 0 R>> endobj 330 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 121.30 735.60 Td (ef) Tj ET Q q 0 0 0 rg BT 128.88 735.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 146.12 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 156.70 735.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 205.03 735.60 Td (on ) Tj ET Q q 0 0 0 rg BT 217.28 735.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 259.53 735.60 Td (earned, ) Tj ET Q q 0 0 0 rg BT 290.92 735.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 324.83 735.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 360.40 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 377.08 735.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 408.20 735.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 442.66 735.60 Td (\(net ) Tj ET Q q 0 0 0 rg BT 460.46 735.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 494.36 735.60 Td (incurred\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.16 723.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.88 723.60 Td (years ) Tj ET Q q 0 0 0 rg BT 133.48 723.60 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.35 723.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.85 723.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 220.12 723.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.12 723.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.12 723.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.12 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 267.62 723.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.55 723.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.55 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 307.05 723.60 Td (were ) Tj ET Q q 0 0 0 rg BT 328.98 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 339.81 723.60 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 644.10 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 644.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 644.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 644.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 644.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 644.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 644.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 644.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 644.10 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 644.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 644.10 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 644.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 618.10 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 618.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 618.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 618.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 618.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 618.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 618.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 618.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 618.10 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 618.10 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 618.10 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 618.10 54.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 694.1 m 237.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 694.1 m 241.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 694.1 m 295.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 694.1 m 299.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 694.1 m 353.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 694.1 m 357.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 694.1 m 411.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 694.1 m 417.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 694.1 m 471.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 694.1 m 477.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 694.1 m 531.5 694.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 681.1 m 237.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 681.1 m 241.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 681.1 m 295.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 681.1 m 353.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 681.1 m 357.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 681.1 m 411.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 681.1 m 471.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 681.1 m 531.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 644.1 m 237.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 644.1 m 295.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 644.1 m 353.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 681.1 m 357.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 681.1 m 411.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 644.1 m 411.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 681.1 m 471.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 644.1 m 471.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 681.1 m 531.5 681.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 644.1 m 531.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 644.1 m 237.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 644.1 m 295.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 644.1 m 353.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 644.1 m 411.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 644.1 m 471.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 644.1 m 531.5 644.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 605.1 m 237.5 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 593.1 m 237.5 593.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 591.1 m 237.5 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 605.1 m 295.5 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 593.1 m 295.5 593.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 591.1 m 295.5 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 605.1 m 353.5 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 593.1 m 353.5 593.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 591.1 m 353.5 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 605.1 m 411.5 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 593.1 m 411.5 593.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 591.1 m 411.5 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 605.1 m 471.5 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 593.1 m 471.5 593.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 591.1 m 471.5 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 605.1 m 531.5 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 593.1 m 531.5 593.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 591.1 m 531.5 591.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.45 698.33 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.00 685.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.00 685.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 685.33 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.00 664.33 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.50 656.33 Td (Premiums) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.30 648.33 Td (Earned) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.20 656.33 Td (Net Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.70 648.33 Td (Incurred) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.00 664.33 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.50 656.33 Td (Premiums) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.30 648.33 Td (Earned) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.20 656.33 Td (Net Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.70 648.33 Td (Incurred) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.00 664.33 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 656.33 Td (Premiums) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.30 648.33 Td (Earned) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.20 656.33 Td (Net Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.70 648.33 Td (Incurred) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 635.35 Td (Direct) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 635.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 635.35 Td (261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 635.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 635.35 Td (1,069) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 635.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 635.35 Td (260) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 635.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 635.35 Td (833) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 635.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 635.35 Td (267) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.00 635.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 635.35 Td (1,103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 622.35 Td (Assumed) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.30 622.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 622.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 622.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.30 622.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 622.35 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 622.35 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 609.35 Td (Ceded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.60 609.35 Td (\(192) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.30 609.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.60 609.35 Td (\(279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 609.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.60 609.35 Td (\(202) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.30 609.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.60 609.35 Td (\(255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.30 609.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.60 609.35 Td (\(247) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 609.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 609.35 Td (\(343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 609.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 596.35 Td ( Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 596.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 226.30 596.35 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 596.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 596.35 Td (791) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 596.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 596.35 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 596.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.30 596.35 Td (578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 596.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 596.35 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.00 596.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 596.35 Td (788) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 568.60 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 143.29 568.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 177.50 568.60 Td (or ) Tj ET Q q 0 0 0 rg BT 188.95 568.60 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 238.70 568.60 Td (for ) Tj ET Q q 0 0 0 rg BT 253.47 568.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 302.67 568.60 Td (on ) Tj ET Q q 0 0 0 rg BT 315.79 568.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 336.13 568.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.68 568.60 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 384.02 568.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 413.24 568.60 Td (are ) Tj ET Q q 0 0 0 rg BT 428.56 568.60 Td (not ) Tj ET Q q 0 0 0 rg BT 444.46 568.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 475.90 568.60 Td (to ) Tj ET Q q 0 0 0 rg BT 486.80 568.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 522.68 568.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 556.60 Td (maximum ) Tj ET Q q 0 0 0 rg BT 123.81 556.60 Td (limits. ) Tj ET Q q 0 0 0 rg BT 151.34 556.60 Td (During ) Tj ET Q q 0 0 0 rg BT 181.93 556.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.40 556.60 Td (years ) Tj ET Q q 0 0 0 rg BT 219.75 556.60 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.63 556.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.89 556.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 305.91 556.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.91 556.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.66 556.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.66 556.60 Td ( ) Tj ET Q q 0 0 0 rg BT 352.92 556.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.61 556.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.61 556.60 Td (, ) Tj ET Q q 0 0 0 rg BT 394.36 556.60 Td (the ) Tj ET Q q 0 0 0 rg BT 408.83 556.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 449.98 556.60 Td (did ) Tj ET Q q 0 0 0 rg BT 465.01 556.60 Td (not ) Tj ET Q q 0 0 0 rg BT 480.04 556.60 Td (write ) Tj ET Q q 0 0 0 rg BT 502.84 556.60 Td (of) Tj ET Q q 0 0 0 rg BT 510.99 556.60 Td (f ) Tj ET Q q 0 0 0 rg BT 516.58 556.60 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 544.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 130.90 544.60 Td (balances. ) Tj ET Q q 0 0 0 rg BT 171.65 544.60 Td (During ) Tj ET Q q 0 0 0 rg BT 203.80 544.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.83 544.60 Td (year ) Tj ET Q q 0 0 0 rg BT 240.86 544.60 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.74 544.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.55 544.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 330.14 544.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.14 544.60 Td (, ) Tj ET Q q 0 0 0 rg BT 356.46 544.60 Td (the ) Tj ET Q q 0 0 0 rg BT 372.49 544.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 415.20 544.60 Td (did ) Tj ET Q q 0 0 0 rg BT 431.80 544.60 Td (not ) Tj ET Q q 0 0 0 rg BT 448.39 544.60 Td (commute ) Tj ET Q q 0 0 0 rg BT 489.43 544.60 Td (any ) Tj ET Q q 0 0 0 rg BT 507.68 544.60 Td (ceded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 532.60 Td (reinsurance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 511.60 Td (Ef) Tj ET Q q 0 0 0 rg BT 112.76 511.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 142.75 511.60 Td (April ) Tj ET Q q 0 0 0 rg BT 167.45 511.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 178.53 511.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 204.62 511.60 Td (Security ) Tj ET Q q 0 0 0 rg BT 241.53 511.60 Td (Life ) Tj ET Q q 0 0 0 rg BT 261.77 511.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.69 511.60 Td (Denver ) Tj ET Q q 0 0 0 rg BT 306.70 511.60 Td (\("SLD"\) ) Tj ET Q q 0 0 0 rg BT 344.00 511.60 Td (recaptured ) Tj ET Q q 0 0 0 rg BT 389.78 511.60 Td (a ) Tj ET Q q 0 0 0 rg BT 397.80 511.60 Td (traditional ) Tj ET Q q 0 0 0 rg BT 442.49 511.60 Td (life ) Tj ET Q q 0 0 0 rg BT 459.40 511.60 Td (block ) Tj ET Q q 0 0 0 rg BT 485.20 511.60 Td (of ) Tj ET Q q 0 0 0 rg BT 497.12 511.60 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 499.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 125.72 499.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 162.66 499.60 Td (and ) Tj ET Q q 0 0 0 rg BT 179.59 499.60 Td (ceded ) Tj ET Q q 0 0 0 rg BT 205.41 499.60 Td (by ) Tj ET Q q 0 0 0 rg BT 217.91 499.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.63 499.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 274.01 499.60 Td (and ) Tj ET Q q 0 0 0 rg BT 290.95 499.60 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 354.00 499.60 Td (ceded ) Tj ET Q q 0 0 0 rg BT 379.82 499.60 Td (this ) Tj ET Q q 0 0 0 rg BT 396.77 499.60 Td (business ) Tj ET Q q 0 0 0 rg BT 433.16 499.60 Td (to ) Tj ET Q q 0 0 0 rg BT 443.26 499.60 Td (W) Tj ET Q q 0 0 0 rg BT 452.29 499.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 473.13 499.60 Td (Re. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 478.60 Td (Ef) Tj ET Q q 0 0 0 rg BT 112.76 478.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 142.42 478.60 Td (September ) Tj ET Q q 0 0 0 rg BT 187.64 478.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 197.60 478.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 222.55 478.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 241.07 478.60 Td ( ) Tj ET Q q 0 0 0 rg BT 243.53 478.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 284.86 478.60 Td (recaptured ) Tj ET Q q 0 0 0 rg BT 329.51 478.60 Td (a ) Tj ET Q q 0 0 0 rg BT 336.40 478.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 366.06 478.60 Td (block ) Tj ET Q q 0 0 0 rg BT 390.74 478.60 Td (of ) Tj ET Q q 0 0 0 rg BT 401.52 478.60 Td (life ) Tj ET Q q 0 0 0 rg BT 417.31 478.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 458.08 478.60 Td (ceded ) Tj ET Q q 0 0 0 rg BT 483.85 478.60 Td (to ) Tj ET Q q 0 0 0 rg BT 494.09 478.60 Td (Swiss ) Tj ET Q q 0 0 0 rg BT 519.89 478.60 Td (Re ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 466.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 466.60 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 160.99 466.60 Td (ceded ) Tj ET Q q 0 0 0 rg BT 186.81 466.60 Td (this ) Tj ET Q q 0 0 0 rg BT 203.75 466.60 Td (business ) Tj ET Q q 0 0 0 rg BT 240.15 466.60 Td (to ) Tj ET Q q 0 0 0 rg BT 250.24 466.60 Td (W) Tj ET Q q 0 0 0 rg BT 259.28 466.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 280.12 466.60 Td (Re. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 447.60 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.72 447.60 Td ( ) Tj ET Q q 0 0 0 rg BT 119.01 447.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 153.41 447.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 181.70 447.60 Td (by ) Tj ET Q q 0 0 0 rg BT 194.99 447.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.50 447.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 252.67 447.60 Td (have ) Tj ET Q q 0 0 0 rg BT 274.84 447.60 Td (been ) Tj ET Q q 0 0 0 rg BT 297.01 447.60 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 337.51 447.60 Td (with ) Tj ET Q q 0 0 0 rg BT 358.58 447.60 Td (any ) Tj ET Q q 0 0 0 rg BT 376.31 447.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 408.48 447.60 Td (company) Tj ET Q q 0 0 0 rg BT 444.48 447.60 Td (, ) Tj ET Q q 0 0 0 rg BT 450.27 447.60 Td (which ) Tj ET Q q 0 0 0 rg BT 478.00 447.60 Td (is ) Tj ET Q q 0 0 0 rg BT 487.96 447.60 Td (controlled, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 435.60 Td (either ) Tj ET Q q 0 0 0 rg BT 106.26 435.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 139.31 435.60 Td (or ) Tj ET Q q 0 0 0 rg BT 150.14 435.60 Td (indirectly) Tj ET Q q 0 0 0 rg BT 187.81 435.60 Td (, ) Tj ET Q q 0 0 0 rg BT 192.81 435.60 Td (by ) Tj ET Q q 0 0 0 rg BT 205.31 435.60 Td (a ) Tj ET Q q 0 0 0 rg BT 212.25 435.60 Td (party ) Tj ET Q q 0 0 0 rg BT 235.29 435.60 Td (not ) Tj ET Q q 0 0 0 rg BT 250.57 435.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 290.28 435.60 Td (engaged ) Tj ET Q q 0 0 0 rg BT 326.10 435.60 Td (in ) Tj ET Q q 0 0 0 rg BT 336.38 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.09 435.60 Td (business ) Tj ET Q q 0 0 0 rg BT 387.48 435.60 Td (of ) Tj ET Q q 0 0 0 rg BT 398.31 435.60 Td (insurance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 416.60 Td (The ) Tj ET Q q 0 0 0 rg BT 120.89 416.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.62 416.60 Td (has ) Tj ET Q q 0 0 0 rg BT 176.80 416.60 Td (not ) Tj ET Q q 0 0 0 rg BT 191.42 416.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 222.69 416.60 Td (into ) Tj ET Q q 0 0 0 rg BT 240.09 416.60 Td (any ) Tj ET Q q 0 0 0 rg BT 256.37 416.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 304.30 416.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 351.68 416.60 Td (in ) Tj ET Q q 0 0 0 rg BT 361.30 416.60 Td (which ) Tj ET Q q 0 0 0 rg BT 387.59 416.60 Td (the ) Tj ET Q q 0 0 0 rg BT 401.65 416.60 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 439.03 416.60 Td (may ) Tj ET Q q 0 0 0 rg BT 458.09 416.60 Td (unilaterally ) Tj ET Q q 0 0 0 rg BT 505.47 416.60 Td (cancel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 404.60 Td (any ) Tj ET Q q 0 0 0 rg BT 97.94 404.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 146.52 404.60 Td (for ) Tj ET Q q 0 0 0 rg BT 160.68 404.60 Td (reasons ) Tj ET Q q 0 0 0 rg BT 193.17 404.60 Td (other ) Tj ET Q q 0 0 0 rg BT 216.22 404.60 Td (than ) Tj ET Q q 0 0 0 rg BT 235.94 404.60 Td (non-payment ) Tj ET Q q 0 0 0 rg BT 291.20 404.60 Td (of ) Tj ET Q q 0 0 0 rg BT 302.03 404.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 344.53 404.60 Td (or ) Tj ET Q q 0 0 0 rg BT 355.36 404.60 Td (other ) Tj ET Q q 0 0 0 rg BT 378.40 404.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 408.68 404.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 433.94 404.60 Td (issues. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 383.60 Td (W) Tj ET Q q 0 0 0 rg BT 101.52 383.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 122.55 383.60 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 362.60 Td (In ) Tj ET Q q 0 0 0 rg BT 117.09 362.60 Td (September ) Tj ET Q q 0 0 0 rg BT 163.61 362.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 189.59 362.60 Td (W) Tj ET Q q 0 0 0 rg BT 198.63 362.60 Td (ilton ) Tj ET Q q 0 0 0 rg BT 220.72 362.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 235.59 362.60 Td (and ) Tj ET Q q 0 0 0 rg BT 253.78 362.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 272.30 362.60 Td ( ) Tj ET Q q 0 0 0 rg BT 276.06 362.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 318.68 362.60 Td (reached ) Tj ET Q q 0 0 0 rg BT 353.52 362.60 Td (a ) Tj ET Q q 0 0 0 rg BT 361.72 362.60 Td (final ) Tj ET Q q 0 0 0 rg BT 383.80 362.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 429.19 362.60 Td (on ) Tj ET Q q 0 0 0 rg BT 442.95 362.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.92 362.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 486.01 362.60 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 350.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 125.38 350.60 Td (with ) Tj ET Q q 0 0 0 rg BT 146.45 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.95 350.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 211.32 350.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 262.37 350.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 280.90 350.60 Td ( ) Tj ET Q q 0 0 0 rg BT 284.18 350.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 326.34 350.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 359.05 350.60 Td (into. ) Tj ET Q q 0 0 0 rg BT 380.16 350.60 Td (The ) Tj ET Q q 0 0 0 rg BT 398.99 350.60 Td (final ) Tj ET Q q 0 0 0 rg BT 420.60 350.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 464.99 350.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 502.16 350.60 Td (did ) Tj ET Q q 0 0 0 rg BT 518.23 350.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 338.60 Td (result ) Tj ET Q q 0 0 0 rg BT 105.57 338.60 Td (in ) Tj ET Q q 0 0 0 rg BT 115.70 338.60 Td (any ) Tj ET Q q 0 0 0 rg BT 132.48 338.60 Td (material ) Tj ET Q q 0 0 0 rg BT 167.59 338.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 217.72 338.60 Td (to ) Tj ET Q q 0 0 0 rg BT 227.84 338.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.41 338.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 278.65 338.60 Td (reflected ) Tj ET Q q 0 0 0 rg BT 315.97 338.60 Td (in ) Tj ET Q q 0 0 0 rg BT 326.10 338.60 Td (the ) Tj ET Q q 0 0 0 rg BT 340.66 338.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 378.00 338.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 425.06 338.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 443.58 338.60 Td ( ) Tj ET Q q 0 0 0 rg BT 445.93 338.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 487.15 338.60 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 326.60 Td (a ) Tj ET Q q 0 0 0 rg BT 88.16 326.60 Td (net ) Tj ET Q q 0 0 0 rg BT 103.11 326.60 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 134.15 326.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 154.09 326.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.15 326.60 Td ($18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.15 326.60 Td ( ) Tj ET Q q 0 0 0 rg BT 182.87 326.60 Td (on ) Tj ET Q q 0 0 0 rg BT 195.60 326.60 Td (these ) Tj ET Q q 0 0 0 rg BT 218.87 326.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 267.68 326.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 318.17 326.60 Td (which ) Tj ET Q q 0 0 0 rg BT 345.34 326.60 Td (has ) Tj ET Q q 0 0 0 rg BT 361.39 326.60 Td (been ) Tj ET Q q 0 0 0 rg BT 383.00 326.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 419.03 326.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.19 326.60 Td (is ) Tj ET Q q 0 0 0 rg BT 445.59 326.60 Td (being ) Tj ET Q q 0 0 0 rg BT 470.53 326.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 513.24 326.60 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 314.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.10 314.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 139.53 314.60 Td (life ) Tj ET Q q 0 0 0 rg BT 155.75 314.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.96 314.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.07 314.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 228.28 314.60 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 268.37 314.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 309.65 314.60 Td (The ) Tj ET Q q 0 0 0 rg BT 328.08 314.60 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 380.95 314.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 412.72 314.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.94 314.60 Td (this ) Tj ET Q q 0 0 0 rg BT 441.27 314.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 477.47 314.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 497.57 314.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.01 314.60 Td ($10) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 302.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.94 302.60 Td ($1) Tj ET Q q 0 0 0 rg BT 107.57 302.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.57 302.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.07 302.60 Td (as ) Tj ET Q q 0 0 0 rg BT 125.90 302.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.73 302.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 196.99 302.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.99 302.60 Td ( ) Tj ET Q q 0 0 0 rg BT 219.49 302.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.43 302.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.43 302.60 Td (, ) Tj ET Q q 0 0 0 rg BT 261.43 302.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 309.09 302.60 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.00 281.60 Td (Commissioners ) Tj ET Q q 0 0 0 rg BT 158.48 281.60 Td (Annuity ) Tj ET Q q 0 0 0 rg BT 194.33 281.60 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 229.04 281.60 Td (V) Tj ET Q q 0 0 0 rg BT 234.60 281.60 Td (aluation ) Tj ET Q q 0 0 0 rg BT 271.55 281.60 Td (Method ) Tj ET Q q 0 0 0 rg BT 305.72 281.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 339.88 281.60 Td (\(CAR) Tj ET Q q 0 0 0 rg BT 368.04 281.60 Td (VM\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 260.60 Td (Ef) Tj ET Q q 0 0 0 rg BT 114.26 260.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 143.64 260.60 Td (October1, ) Tj ET Q q 0 0 0 rg BT 188.03 260.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 212.71 260.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 231.23 260.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.41 260.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 274.46 260.60 Td (recaptured ) Tj ET Q q 0 0 0 rg BT 318.83 260.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.23 260.60 Td (CAR) Tj ET Q q 0 0 0 rg BT 352.99 260.60 Td (VM ) Tj ET Q q 0 0 0 rg BT 371.28 260.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 419.54 260.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 463.36 260.60 Td (from ) Tj ET Q q 0 0 0 rg BT 484.98 260.60 Td (OM ) Tj ET Q q 0 0 0 rg BT 503.28 260.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 516.56 260.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 248.60 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 145.58 248.60 Td (ceded ) Tj ET Q q 0 0 0 rg BT 172.92 248.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.16 248.60 Td (business ) Tj ET Q q 0 0 0 rg BT 227.08 248.60 Td (to ) Tj ET Q q 0 0 0 rg BT 238.89 248.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 268.46 248.60 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 321.91 248.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 364.83 248.60 Td (\("Raven ) Tj ET Q q 0 0 0 rg BT 401.81 248.60 Td (Re"\), ) Tj ET Q q 0 0 0 rg BT 426.86 248.60 Td (its ) Tj ET Q q 0 0 0 rg BT 440.33 248.60 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 502.13 248.60 Td (captive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 236.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 131.05 236.60 Td (company) Tj ET Q q 0 0 0 rg BT 167.06 236.60 Td (. ) Tj ET Q q 0 0 0 rg BT 173.24 236.60 Td (The ) Tj ET Q q 0 0 0 rg BT 192.76 236.60 Td (recapture ) Tj ET Q q 0 0 0 rg BT 233.92 236.60 Td (of ) Tj ET Q q 0 0 0 rg BT 246.22 236.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.40 236.60 Td (OM ) Tj ET Q q 0 0 0 rg BT 282.49 236.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 297.56 236.60 Td (CAR) Tj ET Q q 0 0 0 rg BT 317.33 236.60 Td (VM ) Tj ET Q q 0 0 0 rg BT 337.41 236.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 387.46 236.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 433.07 236.60 Td (satisfies ) Tj ET Q q 0 0 0 rg BT 469.26 236.60 Td (the ) Tj ET Q q 0 0 0 rg BT 485.44 236.60 Td (Company) Tj ET Q q 0 0 0 rg BT 527.11 236.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 224.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 124.00 224.60 Td (under ) Tj ET Q q 0 0 0 rg BT 149.21 224.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.87 224.60 Td (F&G ) Tj ET Q q 0 0 0 rg BT 186.88 224.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 212.10 224.60 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 250.11 224.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 296.98 224.60 Td (to ) Tj ET Q q 0 0 0 rg BT 307.20 224.60 Td (replace ) Tj ET Q q 0 0 0 rg BT 338.51 224.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.17 224.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 376.16 224.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.93 224.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 412.14 224.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 450.13 224.60 Td (by ) Tj ET Q q 0 0 0 rg BT 462.58 224.60 Td (OM ) Tj ET Q q 0 0 0 rg BT 481.14 224.60 Td (no ) Tj ET Q q 0 0 0 rg BT 493.58 224.60 Td (later ) Tj ET Q q 0 0 0 rg BT 513.79 224.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 212.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 139.80 212.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 165.01 212.60 Td (In ) Tj ET Q q 0 0 0 rg BT 176.06 212.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 222.64 212.60 Td (with ) Tj ET Q q 0 0 0 rg BT 243.13 212.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.06 212.60 Td (new ) Tj ET Q q 0 0 0 rg BT 277.44 212.60 Td (CAR) Tj ET Q q 0 0 0 rg BT 297.20 212.60 Td (VM ) Tj ET Q q 0 0 0 rg BT 316.03 212.60 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 364.82 212.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 411.68 212.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 430.20 212.60 Td ( ) Tj ET Q q 0 0 0 rg BT 432.91 212.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 474.49 212.60 Td (and ) Tj ET Q q 0 0 0 rg BT 491.65 212.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 519.91 212.60 Td (Re ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 200.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 113.92 200.60 Td (into ) Tj ET Q q 0 0 0 rg BT 132.97 200.60 Td (an ) Tj ET Q q 0 0 0 rg BT 145.90 200.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 191.03 200.60 Td (with ) Tj ET Q q 0 0 0 rg BT 212.30 200.60 Td (Nomura ) Tj ET Q q 0 0 0 rg BT 248.56 200.60 Td (Bank ) Tj ET Q q 0 0 0 rg BT 273.16 200.60 Td (International ) Tj ET Q q 0 0 0 rg BT 327.75 200.60 Td (plc ) Tj ET Q q 0 0 0 rg BT 343.45 200.60 Td (\(NBI\) ) Tj ET Q q 0 0 0 rg BT 379.71 200.60 Td (to ) Tj ET Q q 0 0 0 rg BT 390.98 200.60 Td (establish ) Tj ET Q q 0 0 0 rg BT 429.46 200.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.40 200.60 Td ($295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.40 200.60 Td ( ) Tj ET Q q 0 0 0 rg BT 460.89 200.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 493.25 200.60 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 188.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 111.58 188.60 Td (in ) Tj ET Q q 0 0 0 rg BT 121.62 188.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.10 188.60 Td (form ) Tj ET Q q 0 0 0 rg BT 157.80 188.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.40 188.60 Td (a ) Tj ET Q q 0 0 0 rg BT 175.10 188.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 197.90 188.60 Td (of ) Tj ET Q q 0 0 0 rg BT 208.49 188.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 233.52 188.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 260.78 188.60 Td (by ) Tj ET Q q 0 0 0 rg BT 273.04 188.60 Td (NBI ) Tj ET Q q 0 0 0 rg BT 292.53 188.60 Td (and ) Tj ET Q q 0 0 0 rg BT 309.23 188.60 Td (NBI ) Tj ET Q q 0 0 0 rg BT 328.71 188.60 Td (char) Tj ET Q q 0 0 0 rg BT 345.74 188.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 362.44 188.60 Td (an ) Tj ET Q q 0 0 0 rg BT 374.14 188.60 Td (upfront ) Tj ET Q q 0 0 0 rg BT 405.84 188.60 Td (structuring ) Tj ET Q q 0 0 0 rg BT 451.43 188.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 465.90 188.60 Td (in ) Tj ET Q q 0 0 0 rg BT 475.94 188.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.42 188.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 522.67 188.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 176.60 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 176.60 Td (. ) Tj ET Q q 0 0 0 rg BT 94.81 176.60 Td (The ) Tj ET Q q 0 0 0 rg BT 111.76 176.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 142.04 176.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 181.21 176.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 210.94 176.60 Td (is ) Tj ET Q q 0 0 0 rg BT 219.02 176.60 Td (set ) Tj ET Q q 0 0 0 rg BT 231.54 176.60 Td (to ) Tj ET Q q 0 0 0 rg BT 240.72 176.60 Td (be ) Tj ET Q q 0 0 0 rg BT 251.57 176.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 284.62 176.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.03 176.60 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.03 176.60 Td ( ) Tj ET Q q 0 0 0 rg BT 307.44 176.60 Td (each ) Tj ET Q q 0 0 0 rg BT 327.17 176.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 356.89 176.60 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 402.74 176.60 Td (to ) Tj ET Q q 0 0 0 rg BT 411.92 176.60 Td (establishment. ) Tj ET Q q 0 0 0 rg BT 470.72 176.60 Td (The ) Tj ET Q q 0 0 0 rg BT 487.68 176.60 Td (structuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 164.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 96.01 164.60 Td (was ) Tj ET Q q 0 0 0 rg BT 114.36 164.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 134.37 164.60 Td (by ) Tj ET Q q 0 0 0 rg BT 147.17 164.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 165.69 164.60 Td ( ) Tj ET Q q 0 0 0 rg BT 168.49 164.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 210.16 164.60 Td (and ) Tj ET Q q 0 0 0 rg BT 227.40 164.60 Td (will ) Tj ET Q q 0 0 0 rg BT 245.75 164.60 Td (be ) Tj ET Q q 0 0 0 rg BT 257.99 164.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 294.10 164.60 Td (and ) Tj ET Q q 0 0 0 rg BT 311.33 164.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 354.11 164.60 Td (over ) Tj ET Q q 0 0 0 rg BT 374.68 164.60 Td (the ) Tj ET Q q 0 0 0 rg BT 389.70 164.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 428.03 164.60 Td (life ) Tj ET Q q 0 0 0 rg BT 444.15 164.60 Td (of ) Tj ET Q q 0 0 0 rg BT 455.28 164.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.30 164.60 Td (facility) Tj ET Q q 0 0 0 rg BT 497.97 164.60 Td (. ) Tj ET Q q 0 0 0 rg BT 502.65 164.60 Td (As ) Tj ET Q q 0 0 0 rg BT 516.56 164.60 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 152.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 103.59 152.60 Td (of ) Tj ET Q q 0 0 0 rg BT 113.97 152.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 138.79 152.60 Td (is ) Tj ET Q q 0 0 0 rg BT 147.50 152.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 185.10 152.60 Td (by ) Tj ET Q q 0 0 0 rg BT 197.15 152.60 Td (an ) Tj ET Q q 0 0 0 rg BT 208.64 152.60 Td (unaf) Tj ET Q q 0 0 0 rg BT 226.23 152.60 Td (filiated ) Tj ET Q q 0 0 0 rg BT 256.60 152.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 293.63 152.60 Td (institution, ) Tj ET Q q 0 0 0 rg BT 338.74 152.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 366.34 152.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 379.49 152.60 Td (is ) Tj ET Q q 0 0 0 rg BT 388.21 152.60 Td (permitted ) Tj ET Q q 0 0 0 rg BT 428.58 152.60 Td (to ) Tj ET Q q 0 0 0 rg BT 438.41 152.60 Td (carry ) Tj ET Q q 0 0 0 rg BT 461.00 152.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.27 152.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 497.86 152.60 Td (of ) Tj ET Q q 0 0 0 rg BT 508.24 152.60 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.60 Td (as ) Tj ET Q q 0 0 0 rg BT 91.83 140.60 Td (an ) Tj ET Q q 0 0 0 rg BT 103.77 140.60 Td (admitted ) Tj ET Q q 0 0 0 rg BT 141.26 140.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 163.20 140.60 Td (on ) Tj ET Q q 0 0 0 rg BT 175.70 140.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.41 140.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 218.46 140.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 232.07 140.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 269.56 140.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 302.60 140.60 Td (sheet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 121.60 Td (As ) Tj ET Q q 0 0 0 rg BT 118.56 121.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.34 121.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 189.56 121.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.56 121.60 Td (, ) Tj ET Q q 0 0 0 rg BT 214.51 121.60 Td (there ) Tj ET Q q 0 0 0 rg BT 236.94 121.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.95 121.60 Td ($201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.95 121.60 Td ( ) Tj ET Q q 0 0 0 rg BT 277.40 121.60 Td (available ) Tj ET Q q 0 0 0 rg BT 315.93 121.60 Td (under ) Tj ET Q q 0 0 0 rg BT 341.15 121.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.82 121.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 378.81 121.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.59 121.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 414.81 121.60 Td (facility) Tj ET Q q 0 0 0 rg BT 442.48 121.60 Td (. ) Tj ET Q q 0 0 0 rg BT 447.25 121.60 Td (The ) Tj ET Q q 0 0 0 rg BT 465.25 121.60 Td (Nomura ) Tj ET Q q 0 0 0 rg BT 500.47 121.60 Td (Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 109.60 Td (will ) Tj ET Q q 0 0 0 rg BT 98.74 109.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 138.69 109.60 Td (on ) Tj ET Q q 0 0 0 rg BT 150.88 109.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 210.83 109.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 235.52 109.60 Td (although ) Tj ET Q q 0 0 0 rg BT 272.70 109.60 Td (the ) Tj ET Q q 0 0 0 rg BT 287.10 109.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 317.61 109.60 Td (may ) Tj ET Q q 0 0 0 rg BT 337.02 109.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 376.96 109.60 Td (earlier) Tj ET Q q 0 0 0 rg BT 402.09 109.60 Td (, ) Tj ET Q q 0 0 0 rg BT 406.78 109.60 Td (in ) Tj ET Q q 0 0 0 rg BT 416.75 109.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 463.90 109.60 Td (with ) Tj ET Q q 0 0 0 rg BT 483.86 109.60 Td (the ) Tj ET Q q 0 0 0 rg BT 498.27 109.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 522.67 109.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 97.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.26 97.60 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 160.18 97.60 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 209.15 97.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 236.18 97.60 Td (the ) Tj ET Q q 0 0 0 rg BT 250.45 97.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 274.71 97.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.08 97.60 Td (the ) Tj ET Q q 0 0 0 rg BT 299.35 97.60 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 364.26 97.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 413.23 97.60 Td (in ) Tj ET Q q 0 0 0 rg BT 423.06 97.60 Td (the ) Tj ET Q q 0 0 0 rg BT 437.32 97.60 Td (event ) Tj ET Q q 0 0 0 rg BT 461.02 97.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.28 97.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 497.87 97.60 Td (of ) Tj ET Q q 0 0 0 rg BT 508.25 97.60 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 85.60 Td (is ) Tj ET Q q 0 0 0 rg BT 90.31 85.60 Td (drawn ) Tj ET Q q 0 0 0 rg BT 117.93 85.60 Td (upon, ) Tj ET Q q 0 0 0 rg BT 143.07 85.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 171.25 85.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 185.00 85.60 Td (is ) Tj ET Q q 0 0 0 rg BT 194.31 85.60 Td (required ) Tj ET Q q 0 0 0 rg BT 230.26 85.60 Td (to ) Tj ET Q q 0 0 0 rg BT 240.67 85.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 265.52 85.60 Td (the ) Tj ET Q q 0 0 0 rg BT 280.37 85.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 316.89 85.60 Td (utilized, ) Tj ET Q q 0 0 0 rg BT 352.02 85.60 Td (and ) Tj ET Q q 0 0 0 rg BT 369.10 85.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 397.85 85.60 Td (is ) Tj ET Q q 0 0 0 rg BT 407.15 85.60 Td (obligated ) Tj ET Q q 0 0 0 rg BT 447.00 85.60 Td (to ) Tj ET Q q 0 0 0 rg BT 457.42 85.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 482.26 85.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.11 85.60 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 73.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 112.84 73.60 Td (if ) Tj ET Q q 0 0 0 rg BT 120.81 73.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 148.21 73.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 161.17 73.60 Td (fails ) Tj ET Q q 0 0 0 rg BT 180.24 73.60 Td (to ) Tj ET Q q 0 0 0 rg BT 189.88 73.60 Td (make ) Tj ET Q q 0 0 0 rg BT 213.39 73.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.46 73.60 Td (required ) Tj ET Q q 0 0 0 rg BT 262.63 73.60 Td (reimbursement. ) Tj ET Q q 0 0 0 rg BT 326.96 73.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 354.93 73.60 Td (also ) Tj ET Q q 0 0 0 rg BT 372.89 73.60 Td (is ) Tj ET Q q 0 0 0 rg BT 381.42 73.60 Td (required ) Tj ET Q q 0 0 0 rg BT 416.59 73.60 Td (to ) Tj ET Q q 0 0 0 rg BT 426.22 73.60 Td (make ) Tj ET Q q 0 0 0 rg BT 449.73 73.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 478.23 73.60 Td (contributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 61.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.79 61.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 120.34 61.60 Td (Re ) Tj ET Q q 0 0 0 rg BT 134.46 61.60 Td (in ) Tj ET Q q 0 0 0 rg BT 145.25 61.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.48 61.60 Td (event ) Tj ET Q q 0 0 0 rg BT 185.14 61.60 Td (that ) Tj ET Q q 0 0 0 rg BT 203.14 61.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 231.70 61.60 Td (Re) Tj ET Q q 0 0 0 rg BT 245.59 61.60 Td (s ) Tj ET Q q 0 0 0 rg BT 252.49 61.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 290.49 61.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 320.15 61.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.60 61.60 Td (surplus ) Tj ET Q q 0 0 0 rg BT 369.50 61.60 Td (falls ) Tj ET Q q 0 0 0 rg BT 389.73 61.60 Td (below ) Tj ET Q q 0 0 0 rg BT 417.17 61.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 447.39 61.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 480.38 61.60 Td (levels. ) Tj ET Q q 0 0 0 rg BT 508.55 61.60 Td (As ) Tj ET Q q 0 0 0 rg BT 522.67 61.60 Td (of ) Tj ET Q endstream endobj 331 0 obj <>] /Rotate 0 /Contents 332 0 R>> endobj 332 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 139.99 735.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 165.40 735.60 Td (Raven ) Tj ET Q q 0 0 0 rg BT 193.85 735.60 Td (Re) Tj ET Q q 0 0 0 rg BT 207.74 735.60 Td (s ) Tj ET Q q 0 0 0 rg BT 214.54 735.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 252.44 735.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 282.00 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.34 735.60 Td (surplus ) Tj ET Q q 0 0 0 rg BT 331.14 735.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.60 735.60 Td ($28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.60 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.50 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 378.19 735.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 407.19 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 418.43 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.55 735.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 475.35 735.60 Td (level ) Tj ET Q q 0 0 0 rg BT 497.69 735.60 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (under ) Tj ET Q q 0 0 0 rg BT 106.27 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.99 723.60 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 186.25 723.60 Td (Agreement.) Tj ET Q endstream endobj 333 0 obj <>] /Rotate 0 /Contents 334 0 R>> endobj 334 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (\(14\) ) Tj ET Q q 0 0 0 rg BT 100.16 735.75 Td (Related ) Tj ET Q q 0 0 0 rg BT 135.43 735.75 Td (Party ) Tj ET Q q 0 0 0 rg BT 161.63 735.75 Td (T) Tj ET Q q 0 0 0 rg BT 167.55 735.75 Td (ransactions ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.00 714.75 Td (FSRCI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 695.75 Td (W) Tj ET Q q 0 0 0 rg BT 111.64 695.75 Td (e ) Tj ET Q q 0 0 0 rg BT 118.50 695.75 Td (have ) Tj ET Q q 0 0 0 rg BT 139.80 695.75 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 179.43 695.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 209.06 695.75 Td (of ) Tj ET Q q 0 0 0 rg BT 219.81 695.75 Td (our ) Tj ET Q q 0 0 0 rg BT 235.56 695.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 275.20 695.75 Td (and ) Tj ET Q q 0 0 0 rg BT 292.06 695.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 338.93 695.75 Td (to ) Tj ET Q q 0 0 0 rg BT 349.13 695.75 Td (FSRCI. ) Tj ET Q q 0 0 0 rg BT 381.31 695.75 Td (As ) Tj ET Q q 0 0 0 rg BT 394.85 695.75 Td (we ) Tj ET Q q 0 0 0 rg BT 408.93 695.75 Td (are ) Tj ET Q q 0 0 0 rg BT 423.56 695.75 Td (not ) Tj ET Q q 0 0 0 rg BT 438.77 695.75 Td (relieved ) Tj ET Q q 0 0 0 rg BT 473.39 695.75 Td (of ) Tj ET Q q 0 0 0 rg BT 484.15 695.75 Td (our ) Tj ET Q q 0 0 0 rg BT 499.90 695.75 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 683.75 Td (to ) Tj ET Q q 0 0 0 rg BT 91.21 683.75 Td (our ) Tj ET Q q 0 0 0 rg BT 106.97 683.75 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 163.84 683.75 Td (for ) Tj ET Q q 0 0 0 rg BT 177.93 683.75 Td (this ) Tj ET Q q 0 0 0 rg BT 194.82 683.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 233.64 683.75 Td (the ) Tj ET Q q 0 0 0 rg BT 248.29 683.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 287.94 683.75 Td (and ) Tj ET Q q 0 0 0 rg BT 304.81 683.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 351.69 683.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 395.22 683.75 Td (with ) Tj ET Q q 0 0 0 rg BT 415.43 683.75 Td (the ) Tj ET Q q 0 0 0 rg BT 430.08 683.75 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 469.72 683.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 503.25 683.75 Td (remain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 671.75 Td (on ) Tj ET Q q 0 0 0 rg BT 94.15 671.75 Td (our ) Tj ET Q q 0 0 0 rg BT 110.63 671.75 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 158.22 671.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 214.15 671.75 Td (Balance ) Tj ET Q q 0 0 0 rg BT 249.50 671.75 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 278.76 671.75 Td (with ) Tj ET Q q 0 0 0 rg BT 299.69 671.75 Td (a ) Tj ET Q q 0 0 0 rg BT 307.28 671.75 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 367.63 671.75 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 416.87 671.75 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 466.65 671.75 Td (from ) Tj ET Q q 0 0 0 rg BT 489.24 671.75 Td (FSRCI. ) Tj ET Q q 0 0 0 rg BT 522.68 671.75 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 659.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 116.07 659.75 Td (to ) Tj ET Q q 0 0 0 rg BT 126.14 659.75 Td (various ) Tj ET Q q 0 0 0 rg BT 157.87 659.75 Td (remedies ) Tj ET Q q 0 0 0 rg BT 196.26 659.75 Td (that ) Tj ET Q q 0 0 0 rg BT 213.55 659.75 Td (we ) Tj ET Q q 0 0 0 rg BT 227.50 659.75 Td (would ) Tj ET Q q 0 0 0 rg BT 254.80 659.75 Td (have ) Tj ET Q q 0 0 0 rg BT 275.97 659.75 Td (in ) Tj ET Q q 0 0 0 rg BT 286.04 659.75 Td (the ) Tj ET Q q 0 0 0 rg BT 300.55 659.75 Td (event ) Tj ET Q q 0 0 0 rg BT 324.50 659.75 Td (of ) Tj ET Q q 0 0 0 rg BT 335.12 659.75 Td (a ) Tj ET Q q 0 0 0 rg BT 341.86 659.75 Td (default ) Tj ET Q q 0 0 0 rg BT 371.91 659.75 Td (by ) Tj ET Q q 0 0 0 rg BT 384.21 659.75 Td (FSRCI, ) Tj ET Q q 0 0 0 rg BT 416.79 659.75 Td (we ) Tj ET Q q 0 0 0 rg BT 430.75 659.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 467.48 659.75 Td (to ) Tj ET Q q 0 0 0 rg BT 477.55 659.75 Td (hold ) Tj ET Q q 0 0 0 rg BT 497.62 659.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 523.25 659.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 647.75 Td (support ) Tj ET Q q 0 0 0 rg BT 113.50 647.75 Td (of ) Tj ET Q q 0 0 0 rg BT 124.33 647.75 Td (the ) Tj ET Q q 0 0 0 rg BT 139.05 647.75 Td (transferred ) Tj ET Q q 0 0 0 rg BT 184.85 647.75 Td (reserves. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 628.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.41 628.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 179.08 628.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.08 628.75 Td ( ) Tj ET Q q 0 0 0 rg BT 202.99 628.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.34 628.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.34 628.75 Td (, ) Tj ET Q q 0 0 0 rg BT 247.75 628.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.88 628.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 312.37 628.75 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 362.36 628.75 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 412.90 628.75 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.24 628.75 Td ($1,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.74 628.75 Td ( ) Tj ET Q q 0 0 0 rg BT 482.65 628.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 628.75 Td ($1,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 628.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 616.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 128.66 616.75 Td (, ) Tj ET Q q 0 0 0 rg BT 134.37 616.75 Td (and ) Tj ET Q q 0 0 0 rg BT 152.02 616.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 177.45 616.75 Td (withheld ) Tj ET Q q 0 0 0 rg BT 215.65 616.75 Td (for ) Tj ET Q q 0 0 0 rg BT 230.52 616.75 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 279.82 616.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 320.24 616.75 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.89 616.75 Td ($1,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.39 616.75 Td ( ) Tj ET Q q 0 0 0 rg BT 388.60 616.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.24 616.75 Td ($1,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.74 616.75 Td (, ) Tj ET Q q 0 0 0 rg BT 439.45 616.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 487.11 616.75 Td (, ) Tj ET Q q 0 0 0 rg BT 492.82 616.75 Td (related ) Tj ET Q q 0 0 0 rg BT 523.24 616.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 604.75 Td (FSRCI. ) Tj ET Q q 0 0 0 rg BT 113.79 604.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 585.75 Td (Below ) Tj ET Q q 0 0 0 rg BT 132.11 585.75 Td (are ) Tj ET Q q 0 0 0 rg BT 146.82 585.75 Td (the ) Tj ET Q q 0 0 0 rg BT 161.53 585.75 Td (ceded ) Tj ET Q q 0 0 0 rg BT 187.35 585.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 227.61 585.75 Td (results ) Tj ET Q q 0 0 0 rg BT 256.22 585.75 Td (to ) Tj ET Q q 0 0 0 rg BT 266.50 585.75 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 296.79 585.75 Td (for ) Tj ET Q q 0 0 0 rg BT 310.95 585.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.67 585.75 Td (year ) Tj ET Q q 0 0 0 rg BT 345.38 585.75 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.25 585.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.75 585.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 432.02 585.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.02 585.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.02 585.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.02 585.75 Td ( ) Tj ET Q q 0 0 0 rg BT 479.52 585.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.45 585.75 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.45 585.75 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 538.25 294.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 538.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 538.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 538.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 538.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 538.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 538.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 510.25 294.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 510.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 510.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 510.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 510.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 510.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 510.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 482.25 294.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 482.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 482.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 482.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 482.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 482.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 482.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 455.25 294.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 455.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 455.25 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 455.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 455.25 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 455.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 455.25 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 428.25 294.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 428.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 428.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 428.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 428.25 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 428.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 428.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 400.25 294.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 400.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 400.25 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 400.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 400.25 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 400.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 400.25 50.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 538.25 m 426.5 538.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 538.25 m 477.5 538.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 538.25 m 531.5 538.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 482.25 m 426.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 482.25 m 477.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 482.25 m 531.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 482.25 m 426.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 468.25 m 426.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 482.25 m 477.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 468.25 m 477.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 482.25 m 531.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 468.25 m 531.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 468.25 m 426.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 468.25 m 477.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 468.25 m 531.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 414.25 m 426.5 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 400.25 m 426.5 400.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 414.25 m 477.5 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 400.25 m 477.5 400.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 414.25 m 531.5 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 400.25 m 531.5 400.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 400.25 m 426.5 400.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 387.25 m 426.5 387.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 400.25 m 477.5 400.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 387.25 m 477.5 387.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 400.25 m 531.5 400.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 387.25 m 531.5 387.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 387.25 m 426.5 387.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 373.25 m 426.5 373.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 387.25 m 477.5 387.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 373.25 m 477.5 373.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 387.25 m 531.5 387.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 373.25 m 531.5 373.25 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 542.50 Td (Revenues:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 562.93 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.10 554.93 Td (September) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.50 546.93 Td (30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.35 562.93 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.10 554.93 Td (September) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.50 546.93 Td (30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.85 562.93 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.60 554.93 Td (September) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.00 546.93 Td (30, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 528.50 Td (Premiums) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.00 528.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.30 528.50 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.00 528.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 528.50 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 528.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 528.50 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 514.50 Td (Net investment income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.30 514.50 Td (61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 514.50 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 514.50 Td (64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 500.50 Td (Net investment gains \(losses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.60 500.50 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 500.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 500.50 Td (\(30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 500.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 500.50 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 486.50 Td (Insurance and investment product fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.30 486.50 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 486.50 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 486.50 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 472.50 Td (Total revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.30 472.50 Td (59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 472.50 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 472.50 Td (95) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 446.48 Td (Benefits and expenses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 432.50 Td ( Benefits and other changes in policy reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 432.50 Td (\(47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 432.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 432.50 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 432.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 432.50 Td (\(60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 432.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 418.50 Td ( Acquisition & operating expenses, net of deferrals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.60 418.50 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 418.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.60 418.50 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 418.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 418.50 Td (\(6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 418.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 404.50 Td ( Total benefits and expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 404.50 Td (\(51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 404.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 404.50 Td (\(46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 404.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 404.50 Td (\(66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 404.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 377.50 Td (Operating income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.00 377.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.30 377.50 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.00 377.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.60 377.50 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 377.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 377.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 377.50 Td (29) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 349.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 123.52 349.75 Td ( ) Tj ET Q q 0 0 0 rg BT 125.99 349.75 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 167.32 349.75 Td (invested ) Tj ET Q q 0 0 0 rg BT 203.11 349.75 Td (in ) Tj ET Q q 0 0 0 rg BT 213.35 349.75 Td (CLO ) Tj ET Q q 0 0 0 rg BT 235.82 349.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 276.05 349.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 303.52 349.75 Td (by ) Tj ET Q q 0 0 0 rg BT 315.98 349.75 Td (Fortress ) Tj ET Q q 0 0 0 rg BT 350.67 349.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 378.13 349.75 Td (Opportunities ) Tj ET Q q 0 0 0 rg BT 435.59 349.75 Td (III ) Tj ET Q q 0 0 0 rg BT 448.05 349.75 Td (CLO ) Tj ET Q q 0 0 0 rg BT 470.51 349.75 Td (LP) Tj ET Q q 0 0 0 rg BT 481.81 349.75 Td ( ) Tj ET Q q 0 0 0 rg BT 484.28 349.75 Td (\("FCO ) Tj ET Q q 0 0 0 rg BT 513.61 349.75 Td (III"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 337.75 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 337.75 Td (also ) Tj ET Q q 0 0 0 rg BT 116.54 337.75 Td (invested ) Tj ET Q q 0 0 0 rg BT 152.36 337.75 Td (in ) Tj ET Q q 0 0 0 rg BT 162.64 337.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 202.90 337.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 230.40 337.75 Td (by ) Tj ET Q q 0 0 0 rg BT 242.90 337.75 Td (Fortress ) Tj ET Q q 0 0 0 rg BT 277.62 337.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 305.11 337.75 Td (BSL) Tj ET Q q 0 0 0 rg BT 323.08 337.75 Td ( ) Tj ET Q q 0 0 0 rg BT 325.58 337.75 Td (Limited ) Tj ET Q q 0 0 0 rg BT 359.73 337.75 Td (\("Fortress ) Tj ET Q q 0 0 0 rg BT 401.86 337.75 Td (BSL"\). ) Tj ET Q q 0 0 0 rg BT 432.61 337.75 Td ( ) Tj ET Q q 0 0 0 rg BT 434.93 337.75 Td (The ) Tj ET Q q 0 0 0 rg BT 452.98 337.75 Td (parent ) Tj ET Q q 0 0 0 rg BT 480.46 337.75 Td (of ) Tj ET Q q 0 0 0 rg BT 491.29 337.75 Td (both ) Tj ET Q q 0 0 0 rg BT 511.56 337.75 Td (FCO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 325.75 Td (III ) Tj ET Q q 0 0 0 rg BT 93.50 325.75 Td (and ) Tj ET Q q 0 0 0 rg BT 110.45 325.75 Td (Fortress ) Tj ET Q q 0 0 0 rg BT 145.19 325.75 Td (BSL) Tj ET Q q 0 0 0 rg BT 163.16 325.75 Td ( ) Tj ET Q q 0 0 0 rg BT 165.67 325.75 Td (is ) Tj ET Q q 0 0 0 rg BT 174.85 325.75 Td (Fortress ) Tj ET Q q 0 0 0 rg BT 209.58 325.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 256.53 325.75 Td (Group ) Tj ET Q q 0 0 0 rg BT 284.59 325.75 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 308.49 325.75 Td (which ) Tj ET Q q 0 0 0 rg BT 335.44 325.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 372.38 325.75 Td (interests ) Tj ET Q q 0 0 0 rg BT 408.22 325.75 Td (greater ) Tj ET Q q 0 0 0 rg BT 438.48 325.75 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.21 325.75 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.54 325.75 Td ( ) Tj ET Q q 0 0 0 rg BT 479.05 325.75 Td (ownership ) Tj ET Q q 0 0 0 rg BT 523.23 325.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 313.75 Td (HRG ) Tj ET Q q 0 0 0 rg BT 105.51 313.75 Td (as ) Tj ET Q q 0 0 0 rg BT 117.23 313.75 Td (of ) Tj ET Q q 0 0 0 rg BT 128.95 313.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 190.11 313.75 Td (2014. ) Tj ET Q q 0 0 0 rg BT 216.00 313.75 Td (In ) Tj ET Q q 0 0 0 rg BT 227.72 313.75 Td (March ) Tj ET Q q 0 0 0 rg BT 257.21 313.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 283.11 313.75 Td (Hildene ) Tj ET Q q 0 0 0 rg BT 318.15 313.75 Td (Leveraged ) Tj ET Q q 0 0 0 rg BT 363.74 313.75 Td (Credit, ) Tj ET Q q 0 0 0 rg BT 394.63 313.75 Td (LLC ) Tj ET Q q 0 0 0 rg BT 416.91 313.75 Td (\(HLC\) ) Tj ET Q q 0 0 0 rg BT 455.84 313.75 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.90 313.75 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.56 313.75 Td ( ) Tj ET Q q 0 0 0 rg BT 495.95 313.75 Td (CLOs ) Tj ET Q q 0 0 0 rg BT 523.24 313.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 301.75 Td (Fortress ) Tj ET Q q 0 0 0 rg BT 115.44 301.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 162.09 301.75 Td (Group ) Tj ET Q q 0 0 0 rg BT 189.86 301.75 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 215.80 301.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.56 301.75 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.22 301.75 Td ( ) Tj ET Q q 0 0 0 rg BT 252.44 301.75 Td (Hildene ) Tj ET Q q 0 0 0 rg BT 286.31 301.75 Td (CLOs ) Tj ET Q q 0 0 0 rg BT 312.42 301.75 Td (are ) Tj ET Q q 0 0 0 rg BT 326.85 301.75 Td (now ) Tj ET Q q 0 0 0 rg BT 346.28 301.75 Td (managed ) Tj ET Q q 0 0 0 rg BT 384.59 301.75 Td (by ) Tj ET Q q 0 0 0 rg BT 396.81 301.75 Td (an ) Tj ET Q q 0 0 0 rg BT 408.47 301.75 Td (af) Tj ET Q q 0 0 0 rg BT 416.05 301.75 Td (filiate ) Tj ET Q q 0 0 0 rg BT 441.59 301.75 Td (of ) Tj ET Q q 0 0 0 rg BT 452.14 301.75 Td (Fortress ) Tj ET Q q 0 0 0 rg BT 486.58 301.75 Td (Investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 289.75 Td (Group ) Tj ET Q q 0 0 0 rg BT 108.99 289.75 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 132.82 289.75 Td (Fortress ) Tj ET Q q 0 0 0 rg BT 167.48 289.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 194.38 289.75 Td (Advisors, ) Tj ET Q q 0 0 0 rg BT 235.43 289.75 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 261.22 289.75 Td (As ) Tj ET Q q 0 0 0 rg BT 274.77 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.54 289.75 Td (September ) Tj ET Q q 0 0 0 rg BT 330.75 289.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 345.69 289.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 370.63 289.75 Td (the ) Tj ET Q q 0 0 0 rg BT 385.29 289.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 426.61 289.75 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.27 289.75 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.27 289.75 Td ( ) Tj ET Q q 0 0 0 rg BT 463.71 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 474.48 289.75 Td (these ) Tj ET Q q 0 0 0 rg BT 497.47 289.75 Td (CLOs ) Tj ET Q q 0 0 0 rg BT 523.80 289.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 277.75 Td (par ) Tj ET Q q 0 0 0 rg BT 97.14 277.75 Td (with ) Tj ET Q q 0 0 0 rg BT 118.29 277.75 Td (a ) Tj ET Q q 0 0 0 rg BT 126.10 277.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 162.78 277.75 Td (value ) Tj ET Q q 0 0 0 rg BT 187.81 277.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.51 277.75 Td ($25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.51 277.75 Td (. ) Tj ET Q q 0 0 0 rg BT 220.38 277.75 Td (In ) Tj ET Q q 0 0 0 rg BT 231.34 277.75 Td (August ) Tj ET Q q 0 0 0 rg BT 263.60 277.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 289.47 277.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 307.99 277.75 Td ( ) Tj ET Q q 0 0 0 rg BT 311.36 277.75 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.27 277.75 Td ($15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.27 277.75 Td ( ) Tj ET Q q 0 0 0 rg BT 373.64 277.75 Td (of ) Tj ET Q q 0 0 0 rg BT 385.34 277.75 Td (a ) Tj ET Q q 0 0 0 rg BT 393.15 277.75 Td (commercial ) Tj ET Q q 0 0 0 rg BT 443.72 277.75 Td (real ) Tj ET Q q 0 0 0 rg BT 462.07 277.75 Td (estate ) Tj ET Q q 0 0 0 rg BT 488.21 277.75 Td (CLO ) Tj ET Q q 0 0 0 rg BT 511.58 277.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 265.75 Td (Fortress ) Tj ET Q q 0 0 0 rg BT 115.72 265.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 162.66 265.75 Td (Group ) Tj ET Q q 0 0 0 rg BT 190.71 265.75 Td (LLC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 241.75 Td (During ) Tj ET Q q 0 0 0 rg BT 136.37 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 151.62 241.75 Td (year ) Tj ET Q q 0 0 0 rg BT 171.87 241.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 198.79 241.75 Td (September ) Tj ET Q q 0 0 0 rg BT 244.59 241.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 260.13 241.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 285.66 241.75 Td (Leucadia ) Tj ET Q q 0 0 0 rg BT 325.34 241.75 Td (National ) Tj ET Q q 0 0 0 rg BT 362.82 241.75 Td (Corp's ) Tj ET Q q 0 0 0 rg BT 391.55 241.75 Td (\("Leucadia"\) ) Tj ET Q q 0 0 0 rg BT 446.05 241.75 Td (ownership ) Tj ET Q q 0 0 0 rg BT 490.75 241.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 523.22 241.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 229.75 Td (HRG's ) Tj ET Q q 0 0 0 rg BT 110.53 229.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 159.91 229.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 187.62 229.75 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 227.53 229.75 Td (10%; ) Tj ET Q q 0 0 0 rg BT 251.36 229.75 Td (and ) Tj ET Q q 0 0 0 rg BT 268.52 229.75 Td (Jef) Tj ET Q q 0 0 0 rg BT 280.00 229.75 Td (feries ) Tj ET Q q 0 0 0 rg BT 304.93 229.75 Td (Group ) Tj ET Q q 0 0 0 rg BT 333.20 229.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 351.19 229.75 Td (\("Jef) Tj ET Q q 0 0 0 rg BT 370.08 229.75 Td (feries"\) ) Tj ET Q q 0 0 0 rg BT 402.42 229.75 Td (is ) Tj ET Q q 0 0 0 rg BT 411.81 229.75 Td (a ) Tj ET Q q 0 0 0 rg BT 418.96 229.75 Td (wholly ) Tj ET Q q 0 0 0 rg BT 449.46 229.75 Td (owned ) Tj ET Q q 0 0 0 rg BT 478.84 229.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 522.67 229.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 217.75 Td (Leucadia. ) Tj ET Q q 0 0 0 rg BT 122.47 217.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 172.37 217.75 Td (, ) Tj ET Q q 0 0 0 rg BT 177.86 217.75 Td (during ) Tj ET Q q 0 0 0 rg BT 206.96 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 222.17 217.75 Td (year ) Tj ET Q q 0 0 0 rg BT 242.36 217.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 269.23 217.75 Td (September ) Tj ET Q q 0 0 0 rg BT 314.98 217.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 330.47 217.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 355.96 217.75 Td (Frederick's ) Tj ET Q q 0 0 0 rg BT 402.96 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 414.28 217.75 Td (Hollywood ) Tj ET Q q 0 0 0 rg BT 462.27 217.75 Td (became ) Tj ET Q q 0 0 0 rg BT 495.79 217.75 Td (a ) Tj ET Q q 0 0 0 rg BT 503.22 217.75 Td (wholly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 205.75 Td (owned ) Tj ET Q q 0 0 0 rg BT 109.35 205.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 152.16 205.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.18 205.75 Td (HRG. ) Tj ET Q q 0 0 0 rg BT 187.36 205.75 Td (The ) Tj ET Q q 0 0 0 rg BT 204.60 205.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 245.18 205.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 263.55 205.75 Td (all ) Tj ET Q q 0 0 0 rg BT 275.23 205.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.26 205.75 Td (its ) Tj ET Q q 0 0 0 rg BT 296.40 205.75 Td (holdings ) Tj ET Q q 0 0 0 rg BT 332.54 205.75 Td (in ) Tj ET Q q 0 0 0 rg BT 342.01 205.75 Td (its ) Tj ET Q q 0 0 0 rg BT 353.15 205.75 Td (af) Tj ET Q q 0 0 0 rg BT 360.74 205.75 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 392.15 205.75 Td (Leucadia, ) Tj ET Q q 0 0 0 rg BT 432.98 205.75 Td (Jef) Tj ET Q q 0 0 0 rg BT 444.46 205.75 Td (feries, ) Tj ET Q q 0 0 0 rg BT 470.86 205.75 Td (and ) Tj ET Q q 0 0 0 rg BT 486.99 205.75 Td (Frederick's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 193.75 Td (of ) Tj ET Q q 0 0 0 rg BT 93.13 193.75 Td (Hollywood, ) Tj ET Q q 0 0 0 rg BT 144.42 193.75 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 195.42 193.75 Td (gains ) Tj ET Q q 0 0 0 rg BT 220.33 193.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.46 193.75 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.46 193.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.75 193.75 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.75 193.75 Td ( ) Tj ET Q q 0 0 0 rg BT 262.55 193.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.79 193.75 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.79 193.75 Td (, ) Tj ET Q q 0 0 0 rg BT 297.09 193.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 344.75 193.75 Td (, ) Tj ET Q q 0 0 0 rg BT 351.04 193.75 Td (during ) Tj ET Q q 0 0 0 rg BT 380.95 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 396.96 193.75 Td (year ) Tj ET Q q 0 0 0 rg BT 417.97 193.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 445.64 193.75 Td (September ) Tj ET Q q 0 0 0 rg BT 492.20 193.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 508.50 193.75 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 181.75 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 130.34 181.75 Td (, ) Tj ET Q q 0 0 0 rg BT 135.34 181.75 Td (the ) Tj ET Q q 0 0 0 rg BT 150.05 181.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.44 181.75 Td (had ) Tj ET Q q 0 0 0 rg BT 208.38 181.75 Td (no ) Tj ET Q q 0 0 0 rg BT 220.88 181.75 Td (holdings ) Tj ET Q q 0 0 0 rg BT 257.83 181.75 Td (in ) Tj ET Q q 0 0 0 rg BT 268.10 181.75 Td (these ) Tj ET Q q 0 0 0 rg BT 291.15 181.75 Td (af) Tj ET Q q 0 0 0 rg BT 298.74 181.75 Td (filiates ) Tj ET Q q 0 0 0 rg BT 328.45 181.75 Td (as ) Tj ET Q q 0 0 0 rg BT 339.28 181.75 Td (of ) Tj ET Q q 0 0 0 rg BT 350.11 181.75 Td (September ) Tj ET Q q 0 0 0 rg BT 395.38 181.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 410.38 181.75 Td (2016 ) Tj ET Q q 0 0 0 rg BT 432.88 181.75 Td (and ) Tj ET Q q 0 0 0 rg BT 449.81 181.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 474.81 181.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 522.47 181.75 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 162.75 Td (FGL) Tj ET Q q 0 0 0 rg BT 122.02 162.75 Td ( ) Tj ET Q q 0 0 0 rg BT 123.56 162.75 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 163.98 162.75 Td (participates ) Tj ET Q q 0 0 0 rg BT 211.61 162.75 Td (in ) Tj ET Q q 0 0 0 rg BT 220.93 162.75 Td (loans ) Tj ET Q q 0 0 0 rg BT 243.59 162.75 Td (to ) Tj ET Q q 0 0 0 rg BT 252.91 162.75 Td (third ) Tj ET Q q 0 0 0 rg BT 273.34 162.75 Td (parties ) Tj ET Q q 0 0 0 rg BT 301.54 162.75 Td (originated ) Tj ET Q q 0 0 0 rg BT 343.63 162.75 Td (by ) Tj ET Q q 0 0 0 rg BT 355.17 162.75 Td (Salus, ) Tj ET Q q 0 0 0 rg BT 380.88 162.75 Td (an ) Tj ET Q q 0 0 0 rg BT 391.87 162.75 Td (af) Tj ET Q q 0 0 0 rg BT 399.46 162.75 Td (filiated, ) Tj ET Q q 0 0 0 rg BT 431.82 162.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 461.69 162.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 494.35 162.75 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 150.75 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 121.35 150.75 Td (owned ) Tj ET Q q 0 0 0 rg BT 150.04 150.75 Td (by ) Tj ET Q q 0 0 0 rg BT 162.07 150.75 Td (HRG. ) Tj ET Q q 0 0 0 rg BT 187.71 150.75 Td ( ) Tj ET Q q 0 0 0 rg BT 189.75 150.75 Td (Salus ) Tj ET Q q 0 0 0 rg BT 213.45 150.75 Td (is ) Tj ET Q q 0 0 0 rg BT 222.15 150.75 Td (also ) Tj ET Q q 0 0 0 rg BT 240.28 150.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 285.63 150.75 Td (a ) Tj ET Q q 0 0 0 rg BT 291.95 150.75 Td (VIE ) Tj ET Q q 0 0 0 rg BT 310.64 150.75 Td (as ) Tj ET Q q 0 0 0 rg BT 321.00 150.75 Td (described ) Tj ET Q q 0 0 0 rg BT 361.35 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 371.16 150.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 397.06 150.75 Td (4. ) Tj ET Q q 0 0 0 rg BT 406.59 150.75 Td (Investments ) Tj ET Q q 0 0 0 rg BT 461.39 150.75 Td (to ) Tj ET Q q 0 0 0 rg BT 471.20 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 485.44 150.75 Td (Company) Tj ET Q q 0 0 0 rg BT 527.11 150.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 138.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 136.81 138.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 177.05 138.75 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 226.46 138.75 Td (Salus ) Tj ET Q q 0 0 0 rg BT 251.17 138.75 Td (originated ) Tj ET Q q 0 0 0 rg BT 294.74 138.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 322.21 138.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 355.78 138.75 Td (asset-based ) Tj ET Q q 0 0 0 rg BT 404.35 138.75 Td (loans ) Tj ET Q q 0 0 0 rg BT 428.49 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 439.30 138.75 Td (unaf) Tj ET Q q 0 0 0 rg BT 456.89 138.75 Td (filiated ) Tj ET Q q 0 0 0 rg BT 488.24 138.75 Td (third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 126.75 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 127.31 126.75 Td (In ) Tj ET Q q 0 0 0 rg BT 138.92 126.75 Td (January ) Tj ET Q q 0 0 0 rg BT 173.29 126.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 199.06 126.75 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 230.12 126.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 267.82 126.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 307.72 126.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 335.99 126.75 Td (interests ) Tj ET Q q 0 0 0 rg BT 372.59 126.75 Td (in ) Tj ET Q q 0 0 0 rg BT 383.64 126.75 Td (Salus ) Tj ET Q q 0 0 0 rg BT 408.58 126.75 Td (which ) Tj ET Q q 0 0 0 rg BT 436.29 126.75 Td (have ) Tj ET Q q 0 0 0 rg BT 458.44 126.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 126.75 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.48 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 487.75 126.75 Td (per ) Tj ET Q q 0 0 0 rg BT 503.79 126.75 Td (annum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 114.75 Td (return ) Tj ET Q q 0 0 0 rg BT 106.70 114.75 Td (and ) Tj ET Q q 0 0 0 rg BT 122.97 114.75 Td (a ) Tj ET Q q 0 0 0 rg BT 129.23 114.75 Td (total ) Tj ET Q q 0 0 0 rg BT 148.83 114.75 Td (par ) Tj ET Q q 0 0 0 rg BT 163.42 114.75 Td (value ) Tj ET Q q 0 0 0 rg BT 186.90 114.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.06 114.75 Td ($30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.06 114.75 Td ( ) Tj ET Q q 0 0 0 rg BT 213.88 114.75 Td (which ) Tj ET Q q 0 0 0 rg BT 240.15 114.75 Td (is ) Tj ET Q q 0 0 0 rg BT 248.64 114.75 Td (included ) Tj ET Q q 0 0 0 rg BT 284.90 114.75 Td (in ) Tj ET Q q 0 0 0 rg BT 294.50 114.75 Td (the ) Tj ET Q q 0 0 0 rg BT 308.55 114.75 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 338.16 114.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 362.21 114.75 Td (withheld ) Tj ET Q q 0 0 0 rg BT 399.03 114.75 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 437.95 114.75 Td (Accordingly ) Tj ET Q q 0 0 0 rg BT 489.76 114.75 Td (all ) Tj ET Q q 0 0 0 rg BT 501.58 114.75 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 102.75 Td (on ) Tj ET Q q 0 0 0 rg BT 93.25 102.75 Td (this ) Tj ET Q q 0 0 0 rg BT 109.94 102.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 131.62 102.75 Td (is ) Tj ET Q q 0 0 0 rg BT 140.54 102.75 Td (ceded ) Tj ET Q q 0 0 0 rg BT 166.10 102.75 Td (to ) Tj ET Q q 0 0 0 rg BT 176.12 102.75 Td (FSRCI. ) Tj ET Q q 0 0 0 rg BT 208.66 102.75 Td ( ) Tj ET Q q 0 0 0 rg BT 210.74 102.75 Td (The ) Tj ET Q q 0 0 0 rg BT 228.53 102.75 Td (Company) Tj ET Q q 0 0 0 rg BT 270.20 102.75 Td (s ) Tj ET Q q 0 0 0 rg BT 276.34 102.75 Td (maximum ) Tj ET Q q 0 0 0 rg BT 319.13 102.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 357.48 102.75 Td (to ) Tj ET Q q 0 0 0 rg BT 367.50 102.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 385.31 102.75 Td (as ) Tj ET Q q 0 0 0 rg BT 395.88 102.75 Td (a ) Tj ET Q q 0 0 0 rg BT 402.56 102.75 Td (result ) Tj ET Q q 0 0 0 rg BT 427.03 102.75 Td (of ) Tj ET Q q 0 0 0 rg BT 437.60 102.75 Td (its ) Tj ET Q q 0 0 0 rg BT 449.30 102.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 499.31 102.75 Td (in ) Tj ET Q q 0 0 0 rg BT 509.34 102.75 Td (Salus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 90.75 Td (is ) Tj ET Q q 0 0 0 rg BT 90.07 90.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 120.80 90.75 Td (to ) Tj ET Q q 0 0 0 rg BT 130.98 90.75 Td (the ) Tj ET Q q 0 0 0 rg BT 145.59 90.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 181.31 90.75 Td (value ) Tj ET Q q 0 0 0 rg BT 205.37 90.75 Td (of ) Tj ET Q q 0 0 0 rg BT 216.10 90.75 Td (the ) Tj ET Q q 0 0 0 rg BT 230.71 90.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 269.75 90.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 297.14 90.75 Td (interests. ) Tj ET Q q 0 0 0 rg BT 335.37 90.75 Td ( ) Tj ET Q q 0 0 0 rg BT 337.59 90.75 Td (The ) Tj ET Q q 0 0 0 rg BT 355.54 90.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 391.26 90.75 Td (value ) Tj ET Q q 0 0 0 rg BT 415.31 90.75 Td (of ) Tj ET Q q 0 0 0 rg BT 426.04 90.75 Td (these ) Tj ET Q q 0 0 0 rg BT 448.99 90.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 499.16 90.75 Td (in ) Tj ET Q q 0 0 0 rg BT 509.34 90.75 Td (Salus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 78.75 Td (as ) Tj ET Q q 0 0 0 rg BT 91.83 78.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.66 78.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 162.92 78.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.92 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 185.42 78.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.36 78.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.36 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 224.86 78.75 Td (are ) Tj ET Q q 0 0 0 rg BT 239.57 78.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 279.29 78.75 Td (in ) Tj ET Q q 0 0 0 rg BT 289.56 78.75 Td (the ) Tj ET Q q 0 0 0 rg BT 304.28 78.75 Td (tables ) Tj ET Q q 0 0 0 rg BT 330.11 78.75 Td (below) Tj ET Q q 0 0 0 rg BT 353.90 78.75 Td (.) Tj ET Q endstream endobj 335 0 obj <>] /Rotate 0 /Contents 336 0 R>> endobj 336 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 735.60 Td (During ) Tj ET Q q 0 0 0 rg BT 136.13 735.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.16 735.60 Td (year ) Tj ET Q q 0 0 0 rg BT 171.17 735.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 197.85 735.60 Td (September ) Tj ET Q q 0 0 0 rg BT 243.42 735.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 258.72 735.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 284.02 735.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 302.54 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 305.35 735.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 347.02 735.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 379.25 735.60 Td (into ) Tj ET Q q 0 0 0 rg BT 397.61 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 404.85 735.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 451.53 735.60 Td (with ) Tj ET Q q 0 0 0 rg BT 472.11 735.60 Td (Salus ) Tj ET Q q 0 0 0 rg BT 496.58 735.60 Td (whereby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (Salus ) Tj ET Q q 0 0 0 rg BT 103.99 723.60 Td (transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.62 723.60 Td ($14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.62 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.94 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.59 723.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 193.13 723.60 Td (participations ) Tj ET Q q 0 0 0 rg BT 248.88 723.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.64 723.60 Td ($16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.64 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.96 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 290.61 723.60 Td (CLO ) Tj ET Q q 0 0 0 rg BT 311.93 723.60 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 364.90 723.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 383.44 723.60 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 402.81 723.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 429.13 723.60 Td (tranche\) ) Tj ET Q q 0 0 0 rg BT 463.20 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 472.30 723.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 490.82 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.14 723.60 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.58 711.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 132.14 711.60 Td (for ) Tj ET Q q 0 0 0 rg BT 146.61 711.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 190.50 711.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.64 711.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.66 711.60 Td ($20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.66 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 234.46 711.60 Td (promissory ) Tj ET Q q 0 0 0 rg BT 282.27 711.60 Td (note ) Tj ET Q q 0 0 0 rg BT 302.29 711.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.54 711.60 Td ($10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.54 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 337.34 711.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 378.47 711.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 398.49 711.60 Td (owed ) Tj ET Q q 0 0 0 rg BT 422.96 711.60 Td (by ) Tj ET Q q 0 0 0 rg BT 435.76 711.60 Td (Salus ) Tj ET Q q 0 0 0 rg BT 460.24 711.60 Td (to ) Tj ET Q q 0 0 0 rg BT 470.82 711.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 489.34 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.15 711.60 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 699.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 118.15 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 128.07 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 142.44 699.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 190.69 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.17 699.60 Td (these ) Tj ET Q q 0 0 0 rg BT 223.87 699.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 262.47 699.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 312.37 699.60 Td (, ) Tj ET Q q 0 0 0 rg BT 317.02 699.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 335.54 699.60 Td ( ) Tj ET Q q 0 0 0 rg BT 337.69 699.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 378.71 699.60 Td (also ) Tj ET Q q 0 0 0 rg BT 396.97 699.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 428.54 699.60 Td (into ) Tj ET Q q 0 0 0 rg BT 446.25 699.60 Td (a ) Tj ET Q q 0 0 0 rg BT 452.84 699.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 498.86 699.60 Td (with ) Tj ET Q q 0 0 0 rg BT 518.79 699.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 687.60 Td (Salus ) Tj ET Q q 0 0 0 rg BT 105.64 687.60 Td (CLO ) Tj ET Q q 0 0 0 rg BT 128.61 687.60 Td (whereby ) Tj ET Q q 0 0 0 rg BT 166.01 687.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 184.53 687.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.50 687.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 228.79 687.60 Td (transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.06 687.60 Td ($29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.06 687.60 Td ( ) Tj ET Q q 0 0 0 rg BT 293.03 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.33 687.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 324.52 687.60 Td (participations ) Tj ET Q q 0 0 0 rg BT 381.92 687.60 Td (into ) Tj ET Q q 0 0 0 rg BT 400.44 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 415.63 687.60 Td (CLO ) Tj ET Q q 0 0 0 rg BT 438.60 687.60 Td (in ) Tj ET Q q 0 0 0 rg BT 449.35 687.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 490.07 687.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.71 687.60 Td ($27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.71 687.60 Td ( ) Tj ET Q q 0 0 0 rg BT 522.68 687.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.60 Td (CLO ) Tj ET Q q 0 0 0 rg BT 103.21 675.60 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 157.08 675.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 180.40 675.60 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 200.65 675.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 227.86 675.60 Td (tranche\) ) Tj ET Q q 0 0 0 rg BT 262.83 675.60 Td (and ) Tj ET Q q 0 0 0 rg BT 279.47 675.60 Td (a ) Tj ET Q q 0 0 0 rg BT 286.12 675.60 Td (promissory ) Tj ET Q q 0 0 0 rg BT 333.33 675.60 Td (note ) Tj ET Q q 0 0 0 rg BT 352.76 675.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.30 675.60 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.30 675.60 Td ( ) Tj ET Q q 0 0 0 rg BT 375.51 675.60 Td (from ) Tj ET Q q 0 0 0 rg BT 397.16 675.60 Td (Salus.Both ) Tj ET Q q 0 0 0 rg BT 445.49 675.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 495.47 675.60 Td (qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.60 Td (as ) Tj ET Q q 0 0 0 rg BT 91.19 663.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 112.50 663.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.69 663.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.54 663.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 184.73 663.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 227.13 663.60 Td (for ) Tj ET Q q 0 0 0 rg BT 240.65 663.60 Td (at ) Tj ET Q q 0 0 0 rg BT 249.73 663.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 265.47 663.60 Td (value ) Tj ET Q q 0 0 0 rg BT 288.99 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 305.30 663.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 343.24 663.60 Td (did ) Tj ET Q q 0 0 0 rg BT 357.89 663.60 Td (not ) Tj ET Q q 0 0 0 rg BT 372.53 663.60 Td (result ) Tj ET Q q 0 0 0 rg BT 396.61 663.60 Td (in ) Tj ET Q q 0 0 0 rg BT 406.25 663.60 Td (any ) Tj ET Q q 0 0 0 rg BT 422.56 663.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 441.64 663.60 Td (or ) Tj ET Q q 0 0 0 rg BT 451.83 663.60 Td (loss. ) Tj ET Q q 0 0 0 rg BT 471.76 663.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 490.28 663.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.14 663.60 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.60 Td (also ) Tj ET Q q 0 0 0 rg BT 99.38 651.60 Td (concluded ) Tj ET Q q 0 0 0 rg BT 142.75 651.60 Td (that ) Tj ET Q q 0 0 0 rg BT 160.02 651.60 Td (it ) Tj ET Q q 0 0 0 rg BT 167.85 651.60 Td (is ) Tj ET Q q 0 0 0 rg BT 176.80 651.60 Td (not ) Tj ET Q q 0 0 0 rg BT 191.85 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.34 651.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 240.27 651.60 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 287.51 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.12 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.61 651.60 Td (Salus ) Tj ET Q q 0 0 0 rg BT 336.55 651.60 Td (CLO ) Tj ET Q q 0 0 0 rg BT 358.83 651.60 Td (before ) Tj ET Q q 0 0 0 rg BT 386.64 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.35 651.60 Td (after ) Tj ET Q q 0 0 0 rg BT 423.94 651.60 Td (these ) Tj ET Q q 0 0 0 rg BT 446.76 651.60 Td (two ) Tj ET Q q 0 0 0 rg BT 464.04 651.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 516.58 651.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.60 Td (as ) Tj ET Q q 0 0 0 rg BT 92.30 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 103.60 639.60 Td (September ) Tj ET Q q 0 0 0 rg BT 149.34 639.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 164.81 639.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 190.28 639.60 Td (as ) Tj ET Q q 0 0 0 rg BT 201.58 639.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 220.10 639.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.07 639.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 264.91 639.60 Td (lacks ) Tj ET Q q 0 0 0 rg BT 288.43 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.62 639.60 Td (power ) Tj ET Q q 0 0 0 rg BT 331.58 639.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.33 639.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 368.06 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.25 639.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 422.32 639.60 Td (that ) Tj ET Q q 0 0 0 rg BT 440.29 639.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 493.25 639.60 Td (af) Tj ET Q q 0 0 0 rg BT 500.84 639.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 518.79 639.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 122.65 627.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 175.95 627.60 Td (of ) Tj ET Q q 0 0 0 rg BT 187.05 627.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.04 627.60 Td (CLO ) Tj ET Q q 0 0 0 rg BT 224.82 627.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 244.54 627.60 Td (to ) Tj ET Q q 0 0 0 rg BT 255.09 627.60 Td (a ) Tj ET Q q 0 0 0 rg BT 262.30 627.60 Td (lesser ) Tj ET Q q 0 0 0 rg BT 287.85 627.60 Td (extent, ) Tj ET Q q 0 0 0 rg BT 317.56 627.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 336.08 627.60 Td ( ) Tj ET Q q 0 0 0 rg BT 338.85 627.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 380.50 627.60 Td (continues ) Tj ET Q q 0 0 0 rg BT 421.60 627.60 Td (to ) Tj ET Q q 0 0 0 rg BT 432.15 627.60 Td (own ) Tj ET Q q 0 0 0 rg BT 452.15 627.60 Td (less ) Tj ET Q q 0 0 0 rg BT 469.93 627.60 Td (than ) Tj ET Q q 0 0 0 rg BT 489.92 627.60 Td (a ) Tj ET Q q 0 0 0 rg BT 497.13 627.60 Td (majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 125.35 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.36 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.26 615.60 Td (CLO ) Tj ET Q q 0 0 0 rg BT 173.95 615.60 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 228.29 615.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 252.08 615.60 Td (after ) Tj ET Q q 0 0 0 rg BT 273.08 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 287.99 615.60 Td (two ) Tj ET Q q 0 0 0 rg BT 305.67 615.60 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 358.62 615.60 Td (In ) Tj ET Q q 0 0 0 rg BT 369.64 615.60 Td (June ) Tj ET Q q 0 0 0 rg BT 390.65 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 401.67 615.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 426.85 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 441.76 615.60 Td (Salus ) Tj ET Q q 0 0 0 rg BT 466.11 615.60 Td (promissory ) Tj ET Q q 0 0 0 rg BT 513.80 615.60 Td (note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 603.60 Td (was ) Tj ET Q q 0 0 0 rg BT 99.05 603.60 Td (repaid ) Tj ET Q q 0 0 0 rg BT 126.54 603.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.70 603.60 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.70 603.60 Td ( ) Tj ET Q q 0 0 0 rg BT 153.20 603.60 Td (and ) Tj ET Q q 0 0 0 rg BT 170.14 603.60 Td (all ) Tj ET Q q 0 0 0 rg BT 182.63 603.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 229.57 603.60 Td (under ) Tj ET Q q 0 0 0 rg BT 254.84 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 269.56 603.60 Td (note ) Tj ET Q q 0 0 0 rg BT 289.28 603.60 Td (were ) Tj ET Q q 0 0 0 rg BT 311.21 603.60 Td (satisfied.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9333333333333333 0.15294117647058825 0.1411764705882353 rg BT 81.00 584.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 117.00 584.60 Td (Please ) Tj ET Q q 0 0 0 rg BT 146.26 584.60 Td (refer ) Tj ET Q q 0 0 0 rg BT 168.84 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 180.33 584.60 Td ("Note ) Tj ET Q q 0 0 0 rg BT 207.56 584.60 Td (5. ) Tj ET Q q 0 0 0 rg BT 218.77 584.60 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 264.69 584.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 305.61 584.60 Td (Instruments" ) Tj ET Q q 0 0 0 rg BT 360.63 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 372.12 584.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.04 584.60 Td (Company) Tj ET Q q 0 0 0 rg BT 429.71 584.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.31 584.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 493.80 584.60 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 572.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.88 572.60 Td ( ) Tj ET Q q 0 0 0 rg BT 130.58 572.60 Td (for ) Tj ET Q q 0 0 0 rg BT 147.93 572.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 194.17 572.60 Td (of ) Tj ET Q q 0 0 0 rg BT 208.20 572.60 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 251.65 572.60 Td (dollar ) Tj ET Q q 0 0 0 rg BT 280.67 572.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 315.25 572.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 358.69 572.60 Td (swap ) Tj ET Q q 0 0 0 rg BT 384.94 572.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 436.17 572.60 Td (for ) Tj ET Q q 0 0 0 rg BT 453.52 572.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 486.42 572.60 Td (Salus ) Tj ET Q q 0 0 0 rg BT 513.78 572.60 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 560.60 Td (participations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 541.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 541.60 Td (In ) Tj ET Q q 0 0 0 rg BT 126.99 541.60 Td (August ) Tj ET Q q 0 0 0 rg BT 158.02 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.48 541.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 190.61 541.60 Td (and ) Tj ET Q q 0 0 0 rg BT 207.18 541.60 Td (October ) Tj ET Q q 0 0 0 rg BT 241.52 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 251.99 541.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 276.62 541.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 295.14 541.60 Td ( ) Tj ET Q q 0 0 0 rg BT 297.27 541.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 328.83 541.60 Td (into ) Tj ET Q q 0 0 0 rg BT 346.52 541.60 Td (separate ) Tj ET Q q 0 0 0 rg BT 381.41 541.60 Td (engagement ) Tj ET Q q 0 0 0 rg BT 431.85 541.60 Td (letters ) Tj ET Q q 0 0 0 rg BT 458.42 541.60 Td (with ) Tj ET Q q 0 0 0 rg BT 478.33 541.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 505.45 541.60 Td (Suisse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 529.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.92 529.60 Td (Jef) Tj ET Q q 0 0 0 rg BT 110.40 529.60 Td (feries, ) Tj ET Q q 0 0 0 rg BT 138.59 529.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 186.25 529.60 Td (, ) Tj ET Q q 0 0 0 rg BT 192.24 529.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 230.16 529.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.42 529.60 Td (which ) Tj ET Q q 0 0 0 rg BT 269.34 529.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 297.82 529.60 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 326.87 529.60 Td (and ) Tj ET Q q 0 0 0 rg BT 344.79 529.60 Td (Jef) Tj ET Q q 0 0 0 rg BT 356.27 529.60 Td (feries ) Tj ET Q q 0 0 0 rg BT 381.96 529.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 412.09 529.60 Td (\(on ) Tj ET Q q 0 0 0 rg BT 428.91 529.60 Td (a ) Tj ET Q q 0 0 0 rg BT 436.83 529.60 Td (non-exclusive ) Tj ET Q q 0 0 0 rg BT 496.41 529.60 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 523.22 529.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 517.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 114.44 517.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.31 517.60 Td (advisory ) Tj ET Q q 0 0 0 rg BT 189.63 517.60 Td (services ) Tj ET Q q 0 0 0 rg BT 224.73 517.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.40 517.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 253.92 517.60 Td ( ) Tj ET Q q 0 0 0 rg BT 256.81 517.60 Td (in ) Tj ET Q q 0 0 0 rg BT 267.48 517.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 314.24 517.60 Td (with ) Tj ET Q q 0 0 0 rg BT 334.91 517.60 Td (a ) Tj ET Q q 0 0 0 rg BT 342.24 517.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 389.00 517.60 Td (involving ) Tj ET Q q 0 0 0 rg BT 430.22 517.60 Td (a ) Tj ET Q q 0 0 0 rg BT 437.55 517.60 Td (mer) Tj ET Q q 0 0 0 rg BT 452.92 517.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 468.57 517.60 Td (or ) Tj ET Q q 0 0 0 rg BT 479.79 517.60 Td (other ) Tj ET Q q 0 0 0 rg BT 503.23 517.60 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 505.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 127.09 505.60 Td (with ) Tj ET Q q 0 0 0 rg BT 147.08 505.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 177.61 505.60 Td (to ) Tj ET Q q 0 0 0 rg BT 187.61 505.60 Td (at ) Tj ET Q q 0 0 0 rg BT 197.04 505.60 Td (least ) Tj ET Q q 0 0 0 rg BT 217.58 505.60 Td (a ) Tj ET Q q 0 0 0 rg BT 224.24 505.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 260.33 505.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.88 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.31 505.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 314.18 505.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 337.50 505.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.05 505.60 Td (FGL. ) Tj ET Q q 0 0 0 rg BT 374.16 505.60 Td (HRG, ) Tj ET Q q 0 0 0 rg BT 399.98 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.42 505.60 Td (holder ) Tj ET Q q 0 0 0 rg BT 442.18 505.60 Td (of ) Tj ET Q q 0 0 0 rg BT 452.73 505.60 Td (a ) Tj ET Q q 0 0 0 rg BT 459.38 505.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 495.48 505.60 Td (of ) Tj ET Q q 0 0 0 rg BT 506.02 505.60 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 493.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.32 493.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 141.97 493.60 Td (common ) Tj ET Q q 0 0 0 rg BT 179.95 493.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 204.04 493.60 Td (of ) Tj ET Q q 0 0 0 rg BT 215.36 493.60 Td (FGL, ) Tj ET Q q 0 0 0 rg BT 239.74 493.60 Td (is ) Tj ET Q q 0 0 0 rg BT 249.39 493.60 Td (also ) Tj ET Q q 0 0 0 rg BT 268.49 493.60 Td (a ) Tj ET Q q 0 0 0 rg BT 275.91 493.60 Td (party ) Tj ET Q q 0 0 0 rg BT 299.44 493.60 Td (to ) Tj ET Q q 0 0 0 rg BT 310.21 493.60 Td (each ) Tj ET Q q 0 0 0 rg BT 331.51 493.60 Td (engagement ) Tj ET Q q 0 0 0 rg BT 382.80 493.60 Td (letter) Tj ET Q q 0 0 0 rg BT 402.79 493.60 Td (.Under ) Tj ET Q q 0 0 0 rg BT 435.77 493.60 Td (each ) Tj ET Q q 0 0 0 rg BT 457.07 493.60 Td (engagement ) Tj ET Q q 0 0 0 rg BT 508.37 493.60 Td (letter) Tj ET Q q 0 0 0 rg BT 528.51 493.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 481.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 108.21 481.60 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 135.99 481.60 Td (and ) Tj ET Q q 0 0 0 rg BT 152.65 481.60 Td (Jef) Tj ET Q q 0 0 0 rg BT 164.13 481.60 Td (feries, ) Tj ET Q q 0 0 0 rg BT 191.05 481.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 238.72 481.60 Td (, ) Tj ET Q q 0 0 0 rg BT 243.43 481.60 Td (are ) Tj ET Q q 0 0 0 rg BT 257.86 481.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 290.07 481.60 Td (to ) Tj ET Q q 0 0 0 rg BT 300.06 481.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 331.15 481.60 Td (a ) Tj ET Q q 0 0 0 rg BT 337.80 481.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 352.23 481.60 Td (which ) Tj ET Q q 0 0 0 rg BT 378.88 481.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 421.64 481.60 Td (a ) Tj ET Q q 0 0 0 rg BT 428.30 481.60 Td (percentage ) Tj ET Q q 0 0 0 rg BT 473.81 481.60 Td (of ) Tj ET Q q 0 0 0 rg BT 484.36 481.60 Td (the ) Tj ET Q q 0 0 0 rg BT 498.80 481.60 Td (value ) Tj ET Q q 0 0 0 rg BT 522.67 481.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.75 469.60 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 142.65 469.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 160.86 469.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 222.37 469.60 Td (for ) Tj ET Q q 0 0 0 rg BT 235.56 469.60 Td (all ) Tj ET Q q 0 0 0 rg BT 247.09 469.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 291.37 469.60 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 347.33 469.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 384.96 469.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 419.81 469.60 Td (by ) Tj ET Q q 0 0 0 rg BT 431.34 469.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 457.87 469.60 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 484.96 469.60 Td (or ) Tj ET Q q 0 0 0 rg BT 494.82 469.60 Td (Jef) Tj ET Q q 0 0 0 rg BT 506.30 469.60 Td (feries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 457.60 Td (as ) Tj ET Q q 0 0 0 rg BT 91.51 457.60 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 137.27 457.60 Td (in ) Tj ET Q q 0 0 0 rg BT 147.23 457.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 193.28 457.60 Td (with ) Tj ET Q q 0 0 0 rg BT 213.24 457.60 Td (their ) Tj ET Q q 0 0 0 rg BT 233.74 457.60 Td (engagement. ) Tj ET Q q 0 0 0 rg BT 289.23 457.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 307.75 457.60 Td ( ) Tj ET Q q 0 0 0 rg BT 309.93 457.60 Td (has ) Tj ET Q q 0 0 0 rg BT 325.43 457.60 Td (also ) Tj ET Q q 0 0 0 rg BT 343.72 457.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 372.54 457.60 Td (to ) Tj ET Q q 0 0 0 rg BT 382.50 457.60 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 425.78 457.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 452.95 457.60 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 480.69 457.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.31 457.60 Td (Jef) Tj ET Q q 0 0 0 rg BT 508.79 457.60 Td (feries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 445.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.98 445.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 126.49 445.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 167.03 445.60 Td (in ) Tj ET Q q 0 0 0 rg BT 178.12 445.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 225.31 445.60 Td (with ) Tj ET Q q 0 0 0 rg BT 246.40 445.60 Td (their ) Tj ET Q q 0 0 0 rg BT 268.04 445.60 Td (engagement. ) Tj ET Q q 0 0 0 rg BT 322.17 445.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 352.97 445.60 Td (each ) Tj ET Q q 0 0 0 rg BT 374.60 445.60 Td (engagement ) Tj ET Q q 0 0 0 rg BT 426.23 445.60 Td (letter) Tj ET Q q 0 0 0 rg BT 446.37 445.60 Td (, ) Tj ET Q q 0 0 0 rg BT 452.19 445.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 476.62 445.60 Td (is ) Tj ET Q q 0 0 0 rg BT 486.60 445.60 Td (required ) Tj ET Q q 0 0 0 rg BT 523.23 445.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 433.60 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 125.92 433.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 144.44 433.60 Td ( ) Tj ET Q q 0 0 0 rg BT 149.38 433.60 Td (for ) Tj ET Q q 0 0 0 rg BT 165.97 433.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 226.45 433.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 248.60 433.60 Td (by ) Tj ET Q q 0 0 0 rg BT 263.54 433.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 282.06 433.60 Td ( ) Tj ET Q q 0 0 0 rg BT 286.99 433.60 Td (to ) Tj ET Q q 0 0 0 rg BT 299.70 433.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 329.63 433.60 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 360.13 433.60 Td (or ) Tj ET Q q 0 0 0 rg BT 373.40 433.60 Td (Jef) Tj ET Q q 0 0 0 rg BT 384.88 433.60 Td (feries ) Tj ET Q q 0 0 0 rg BT 412.02 433.60 Td (under ) Tj ET Q q 0 0 0 rg BT 439.72 433.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 471.86 433.60 Td (circumstances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 421.60 Td (Specifically) Tj ET Q q 0 0 0 rg BT 128.11 421.60 Td (, ) Tj ET Q q 0 0 0 rg BT 132.53 421.60 Td (if ) Tj ET Q q 0 0 0 rg BT 140.56 421.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 198.02 421.60 Td (to ) Tj ET Q q 0 0 0 rg BT 207.71 421.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 234.63 421.60 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 262.11 421.60 Td (or ) Tj ET Q q 0 0 0 rg BT 272.36 421.60 Td (Jef) Tj ET Q q 0 0 0 rg BT 283.84 421.60 Td (feries ) Tj ET Q q 0 0 0 rg BT 307.96 421.60 Td (becomes ) Tj ET Q q 0 0 0 rg BT 344.87 421.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 377.88 421.60 Td (in ) Tj ET Q q 0 0 0 rg BT 387.58 421.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 417.81 421.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.06 421.60 Td (a ) Tj ET Q q 0 0 0 rg BT 434.42 421.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 480.21 421.60 Td (that ) Tj ET Q q 0 0 0 rg BT 497.12 421.60 Td (involves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 409.60 Td (a ) Tj ET Q q 0 0 0 rg BT 88.16 409.60 Td (disposition ) Tj ET Q q 0 0 0 rg BT 134.77 409.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.82 409.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 173.53 409.60 Td (of ) Tj ET Q q 0 0 0 rg BT 184.58 409.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 203.10 409.60 Td ( ) Tj ET Q q 0 0 0 rg BT 205.82 409.60 Td (held ) Tj ET Q q 0 0 0 rg BT 225.75 409.60 Td (by ) Tj ET Q q 0 0 0 rg BT 238.47 409.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 262.30 409.60 Td (\(and ) Tj ET Q q 0 0 0 rg BT 282.79 409.60 Td (not ) Tj ET Q q 0 0 0 rg BT 298.29 409.60 Td (other ) Tj ET Q q 0 0 0 rg BT 321.55 409.60 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 374.82 409.60 Td (of ) Tj ET Q q 0 0 0 rg BT 385.87 409.60 Td (FGL\), ) Tj ET Q q 0 0 0 rg BT 413.31 409.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 437.14 409.60 Td (will ) Tj ET Q q 0 0 0 rg BT 455.42 409.60 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 498.12 409.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 516.64 409.60 Td ( ) Tj ET Q q 0 0 0 rg BT 519.36 409.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 397.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.84 397.60 Td (full ) Tj ET Q q 0 0 0 rg BT 112.35 397.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 144.97 397.60 Td (of ) Tj ET Q q 0 0 0 rg BT 155.92 397.60 Td (such ) Tj ET Q q 0 0 0 rg BT 176.88 397.60 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 240.04 397.60 Td (If ) Tj ET Q q 0 0 0 rg BT 249.33 397.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 307.49 397.60 Td (to ) Tj ET Q q 0 0 0 rg BT 317.89 397.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 345.51 397.60 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 373.70 397.60 Td (or ) Tj ET Q q 0 0 0 rg BT 384.65 397.60 Td (Jef) Tj ET Q q 0 0 0 rg BT 396.13 397.60 Td (feries ) Tj ET Q q 0 0 0 rg BT 420.96 397.60 Td (becomes ) Tj ET Q q 0 0 0 rg BT 458.57 397.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 492.29 397.60 Td (in ) Tj ET Q q 0 0 0 rg BT 502.69 397.60 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.60 385.60 Td (a ) Tj ET Q q 0 0 0 rg BT 98.31 385.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 144.45 385.60 Td (that ) Tj ET Q q 0 0 0 rg BT 161.72 385.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 197.88 385.60 Td (a ) Tj ET Q q 0 0 0 rg BT 204.58 385.60 Td (disposition ) Tj ET Q q 0 0 0 rg BT 250.75 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.35 385.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 288.61 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.21 385.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 317.73 385.60 Td ( ) Tj ET Q q 0 0 0 rg BT 320.00 385.60 Td (held ) Tj ET Q q 0 0 0 rg BT 339.49 385.60 Td (by ) Tj ET Q q 0 0 0 rg BT 351.76 385.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 375.15 385.60 Td (and ) Tj ET Q q 0 0 0 rg BT 391.85 385.60 Td (a ) Tj ET Q q 0 0 0 rg BT 398.56 385.60 Td (disposition ) Tj ET Q q 0 0 0 rg BT 444.73 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 455.33 385.60 Td (not ) Tj ET Q q 0 0 0 rg BT 470.38 385.60 Td (more ) Tj ET Q q 0 0 0 rg BT 493.20 385.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.68 385.60 Td (50%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 373.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.15 373.60 Td (the ) Tj ET Q q 0 0 0 rg BT 105.18 373.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 131.99 373.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.13 373.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 160.65 373.60 Td ( ) Tj ET Q q 0 0 0 rg BT 162.47 373.60 Td (held ) Tj ET Q q 0 0 0 rg BT 181.50 373.60 Td (by ) Tj ET Q q 0 0 0 rg BT 193.32 373.60 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 245.68 373.60 Td (of ) Tj ET Q q 0 0 0 rg BT 255.83 373.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 274.35 373.60 Td ( ) Tj ET Q q 0 0 0 rg BT 276.17 373.60 Td (other ) Tj ET Q q 0 0 0 rg BT 298.53 373.60 Td (than ) Tj ET Q q 0 0 0 rg BT 317.56 373.60 Td (HRG, ) Tj ET Q q 0 0 0 rg BT 342.99 373.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 365.92 373.60 Td (will ) Tj ET Q q 0 0 0 rg BT 383.29 373.60 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 425.10 373.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 443.62 373.60 Td ( ) Tj ET Q q 0 0 0 rg BT 445.43 373.60 Td (for ) Tj ET Q q 0 0 0 rg BT 458.91 373.60 Td (its ) Tj ET Q q 0 0 0 rg BT 470.17 373.60 Td (pro ) Tj ET Q q 0 0 0 rg BT 485.32 373.60 Td (rata ) Tj ET Q q 0 0 0 rg BT 502.12 373.60 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 361.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.27 361.60 Td (such ) Tj ET Q q 0 0 0 rg BT 111.54 361.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 169.02 361.60 Td (\(based ) Tj ET Q q 0 0 0 rg BT 197.06 361.60 Td (on ) Tj ET Q q 0 0 0 rg BT 209.01 361.60 Td (its ) Tj ET Q q 0 0 0 rg BT 220.39 361.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 252.32 361.60 Td (number ) Tj ET Q q 0 0 0 rg BT 284.80 361.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.07 361.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 322.01 361.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 363.37 361.60 Td (to ) Tj ET Q q 0 0 0 rg BT 373.09 361.60 Td (those ) Tj ET Q q 0 0 0 rg BT 396.14 361.60 Td (held ) Tj ET Q q 0 0 0 rg BT 415.30 361.60 Td (by ) Tj ET Q q 0 0 0 rg BT 427.24 361.60 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 479.73 361.60 Td (of ) Tj ET Q q 0 0 0 rg BT 490.00 361.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 508.52 361.60 Td ( ) Tj ET Q q 0 0 0 rg BT 510.46 361.60 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 349.60 Td (than ) Tj ET Q q 0 0 0 rg BT 100.72 349.60 Td (HRG\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 331.60 Td (In ) Tj ET Q q 0 0 0 rg BT 127.97 331.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 153.11 331.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 173.52 331.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 192.22 331.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 204.86 331.60 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 246.67 331.60 Td (LLC ) Tj ET Q q 0 0 0 rg BT 268.19 331.60 Td (\(HGI ) Tj ET Q q 0 0 0 rg BT 296.37 331.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 315.07 331.60 Td (gy\) ) Tj ET Q q 0 0 0 rg BT 335.48 331.60 Td (disposed ) Tj ET Q q 0 0 0 rg BT 373.12 331.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.08 331.60 Td (a ) Tj ET Q q 0 0 0 rg BT 391.16 331.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 436.01 331.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 467.54 331.60 Td (of ) Tj ET Q q 0 0 0 rg BT 478.51 331.60 Td (its ) Tj ET Q q 0 0 0 rg BT 490.60 331.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 516.57 331.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 319.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 104.56 319.60 Td (used ) Tj ET Q q 0 0 0 rg BT 125.35 319.60 Td (this ) Tj ET Q q 0 0 0 rg BT 142.25 319.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 164.13 319.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 199.36 319.60 Td (to ) Tj ET Q q 0 0 0 rg BT 209.59 319.60 Td (recapitalize ) Tj ET Q q 0 0 0 rg BT 258.12 319.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 278.34 319.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 297.04 319.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 309.49 319.60 Td (by ) Tj ET Q q 0 0 0 rg BT 321.94 319.60 Td (contributing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.28 319.60 Td ($1) Tj ET Q q 0 0 0 rg BT 382.90 319.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.90 319.60 Td ( ) Tj ET Q q 0 0 0 rg BT 395.36 319.60 Td (to ) Tj ET Q q 0 0 0 rg BT 405.58 319.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 425.81 319.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 444.51 319.60 Td (gy) Tj ET Q q 0 0 0 rg BT 453.86 319.60 Td (. ) Tj ET Q q 0 0 0 rg BT 461.31 319.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 481.53 319.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 500.23 319.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 512.68 319.60 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 307.60 Td (these ) Tj ET Q q 0 0 0 rg BT 103.41 307.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 127.50 307.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.14 307.60 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.54 307.60 Td ($1) Tj ET Q q 0 0 0 rg BT 184.17 307.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.17 307.60 Td ( ) Tj ET Q q 0 0 0 rg BT 196.03 307.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.23 307.60 Td (Spectrum ) Tj ET Q q 0 0 0 rg BT 246.42 307.60 Td (Brands ) Tj ET Q q 0 0 0 rg BT 276.61 307.60 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 317.65 307.60 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 334.78 307.60 Td (public ) Tj ET Q q 0 0 0 rg BT 361.64 307.60 Td (common ) Tj ET Q q 0 0 0 rg BT 398.50 307.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 421.47 307.60 Td (from ) Tj ET Q q 0 0 0 rg BT 442.77 307.60 Td (another ) Tj ET Q q 0 0 0 rg BT 474.62 307.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 497.60 307.60 Td (af) Tj ET Q q 0 0 0 rg BT 505.19 307.60 Td (filiate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 295.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 100.92 295.60 Td (Funding, ) Tj ET Q q 0 0 0 rg BT 138.90 295.60 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 162.44 295.60 Td (Concurrent ) Tj ET Q q 0 0 0 rg BT 209.57 295.60 Td (with ) Tj ET Q q 0 0 0 rg BT 229.49 295.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.85 295.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 265.43 295.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 283.13 295.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.71 295.60 Td (recapitalization ) Tj ET Q q 0 0 0 rg BT 363.49 295.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.96 295.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 393.88 295.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 412.58 295.60 Td (gy) Tj ET Q q 0 0 0 rg BT 421.93 295.60 Td (, ) Tj ET Q q 0 0 0 rg BT 426.57 295.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 445.09 295.60 Td ( ) Tj ET Q q 0 0 0 rg BT 447.24 295.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 488.25 295.60 Td (exchanged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 283.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.58 283.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 117.05 283.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 143.42 283.60 Td (by ) Tj ET Q q 0 0 0 rg BT 154.78 283.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 173.92 283.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 192.62 283.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 203.98 283.60 Td (in ) Tj ET Q q 0 0 0 rg BT 213.13 283.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 234.49 283.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 251.40 283.60 Td ("Old ) Tj ET Q q 0 0 0 rg BT 271.85 283.60 Td (Notes"\) ) Tj ET Q q 0 0 0 rg BT 303.96 283.60 Td (with ) Tj ET Q q 0 0 0 rg BT 323.10 283.60 Td (a ) Tj ET Q q 0 0 0 rg BT 328.90 283.60 Td (par ) Tj ET Q q 0 0 0 rg BT 343.04 283.60 Td (value ) Tj ET Q q 0 0 0 rg BT 366.06 283.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.86 283.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 397.10 283.60 Td (value ) Tj ET Q q 0 0 0 rg BT 420.12 283.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.82 283.60 Td ($78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.82 283.60 Td ( ) Tj ET Q q 0 0 0 rg BT 446.18 283.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.98 283.60 Td ($72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.98 283.60 Td (, ) Tj ET Q q 0 0 0 rg BT 480.85 283.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 528.51 283.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 271.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.03 271.60 Td (new ) Tj ET Q q 0 0 0 rg BT 114.06 271.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 137.54 271.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 164.91 271.60 Td (by ) Tj ET Q q 0 0 0 rg BT 177.28 271.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 197.42 271.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 216.12 271.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 228.49 271.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 246.40 271.60 Td ("New ) Tj ET Q q 0 0 0 rg BT 271.74 271.60 Td (Notes"\) ) Tj ET Q q 0 0 0 rg BT 304.85 271.60 Td (with ) Tj ET Q q 0 0 0 rg BT 325.00 271.60 Td (a ) Tj ET Q q 0 0 0 rg BT 331.80 271.60 Td (par ) Tj ET Q q 0 0 0 rg BT 346.94 271.60 Td (value ) Tj ET Q q 0 0 0 rg BT 370.97 271.60 Td (and ) Tj ET Q q 0 0 0 rg BT 387.77 271.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 404.02 271.60 Td (value ) Tj ET Q q 0 0 0 rg BT 428.05 271.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.75 271.60 Td ($72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.75 271.60 Td (, ) Tj ET Q q 0 0 0 rg BT 458.62 271.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 506.28 271.60 Td (. ) Tj ET Q q 0 0 0 rg BT 511.15 271.60 Td () Tj ET Q q 0 0 0 rg BT 513.09 271.60 Td (As ) Tj ET Q q 0 0 0 rg BT 526.58 271.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 259.60 Td (result ) Tj ET Q q 0 0 0 rg BT 104.87 259.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.85 259.60 Td (these ) Tj ET Q q 0 0 0 rg BT 137.04 259.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 188.96 259.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 207.48 259.60 Td ( ) Tj ET Q q 0 0 0 rg BT 209.13 259.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 249.65 259.60 Td (reflected ) Tj ET Q q 0 0 0 rg BT 286.27 259.60 Td (a ) Tj ET Q q 0 0 0 rg BT 292.36 259.60 Td (change ) Tj ET Q q 0 0 0 rg BT 322.32 259.60 Td (of ) Tj ET Q q 0 0 0 rg BT 332.30 259.60 Td (intent ) Tj ET Q q 0 0 0 rg BT 356.73 259.60 Td (with ) Tj ET Q q 0 0 0 rg BT 376.16 259.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 406.12 259.60 Td (to ) Tj ET Q q 0 0 0 rg BT 415.55 259.60 Td (the ) Tj ET Q q 0 0 0 rg BT 429.42 259.60 Td (Old ) Tj ET Q q 0 0 0 rg BT 446.07 259.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 471.05 259.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.14 259.60 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 247.60 Td (an ) Tj ET Q q 0 0 0 rg BT 92.54 247.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 140.74 247.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 158.40 247.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.83 247.60 Td ($6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.83 247.60 Td (. ) Tj ET Q q 0 0 0 rg BT 185.93 247.60 Td (Old ) Tj ET Q q 0 0 0 rg BT 205.53 247.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 230.96 247.60 Td (with ) Tj ET Q q 0 0 0 rg BT 250.83 247.60 Td (a ) Tj ET Q q 0 0 0 rg BT 257.37 247.60 Td (par ) Tj ET Q q 0 0 0 rg BT 272.24 247.60 Td (value ) Tj ET Q q 0 0 0 rg BT 296.00 247.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.42 247.60 Td ($28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.42 247.60 Td ( ) Tj ET Q q 0 0 0 rg BT 323.52 247.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.06 247.60 Td (a ) Tj ET Q q 0 0 0 rg BT 346.60 247.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 362.58 247.60 Td (value ) Tj ET Q q 0 0 0 rg BT 386.33 247.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.76 247.60 Td ($26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.76 247.60 Td ( ) Tj ET Q q 0 0 0 rg BT 413.86 247.60 Td (were ) Tj ET Q q 0 0 0 rg BT 435.39 247.60 Td (held ) Tj ET Q q 0 0 0 rg BT 454.71 247.60 Td (in ) Tj ET Q q 0 0 0 rg BT 464.58 247.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.90 247.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 508.79 247.60 Td (funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 235.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 118.33 235.60 Td (portfolio; ) Tj ET Q q 0 0 0 rg BT 158.43 235.60 Td (accordingly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.97 235.60 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.97 235.60 Td ( ) Tj ET Q q 0 0 0 rg BT 220.30 235.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.97 235.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.52 235.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 293.95 235.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 311.84 235.60 Td (was ) Tj ET Q q 0 0 0 rg BT 329.73 235.60 Td (ceded ) Tj ET Q q 0 0 0 rg BT 355.38 235.60 Td (to ) Tj ET Q q 0 0 0 rg BT 365.49 235.60 Td (FSRCI. ) Tj ET Q q 0 0 0 rg BT 400.61 235.60 Td (Concurrent ) Tj ET Q q 0 0 0 rg BT 447.93 235.60 Td (with ) Tj ET Q q 0 0 0 rg BT 468.04 235.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.59 235.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 522.68 235.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 223.60 Td (Old ) Tj ET Q q 0 0 0 rg BT 98.38 223.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 124.09 223.60 Td (for ) Tj ET Q q 0 0 0 rg BT 138.14 223.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.73 223.60 Td (New ) Tj ET Q q 0 0 0 rg BT 174.00 223.60 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 202.21 223.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 220.73 223.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.11 223.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 264.36 223.60 Td (transferred, ) Tj ET Q q 0 0 0 rg BT 312.55 223.60 Td (at ) Tj ET Q q 0 0 0 rg BT 322.15 223.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 338.41 223.60 Td (value, ) Tj ET Q q 0 0 0 rg BT 364.94 223.60 Td (the ) Tj ET Q q 0 0 0 rg BT 379.54 223.60 Td (New ) Tj ET Q q 0 0 0 rg BT 400.81 223.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 426.52 223.60 Td (held ) Tj ET Q q 0 0 0 rg BT 446.12 223.60 Td (in ) Tj ET Q q 0 0 0 rg BT 456.28 223.60 Td (its ) Tj ET Q q 0 0 0 rg BT 468.11 223.60 Td (general ) Tj ET Q q 0 0 0 rg BT 499.91 223.60 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 211.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 211.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.00 211.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 136.29 211.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 161.01 211.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 198.50 211.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 236.00 211.60 Td (in ) Tj ET Q q 0 0 0 rg BT 246.28 211.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 286.53 211.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.69 211.60 Td ($46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.69 211.60 Td ( ) Tj ET Q q 0 0 0 rg BT 318.19 211.60 Td (cash. ) Tj ET Q endstream endobj 337 0 obj <>] /Rotate 0 /Contents 338 0 R>> endobj 338 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 134.57 735.60 Td (Company) Tj ET Q q 0 0 0 rg BT 176.23 735.60 Td (s ) Tj ET Q q 0 0 0 rg BT 182.14 735.60 Td (related ) Tj ET Q q 0 0 0 rg BT 211.37 735.60 Td (party ) Tj ET Q q 0 0 0 rg BT 233.93 735.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 283.73 735.60 Td (as ) Tj ET Q q 0 0 0 rg BT 294.08 735.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.43 735.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 364.21 735.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.21 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 386.23 735.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.69 735.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.69 735.60 Td (, ) Tj ET Q q 0 0 0 rg BT 427.21 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 443.67 735.60 Td (related ) Tj ET Q q 0 0 0 rg BT 472.90 735.60 Td (net ) Tj ET Q q 0 0 0 rg BT 487.13 735.60 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (income ) Tj ET Q q 0 0 0 rg BT 112.93 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 127.09 723.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.81 723.60 Td (years ) Tj ET Q q 0 0 0 rg BT 165.41 723.60 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.29 723.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.79 723.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 252.05 723.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.05 723.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.05 723.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.05 723.60 Td (, ) Tj ET Q q 0 0 0 rg BT 302.05 723.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.99 723.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.99 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 341.49 723.60 Td (are ) Tj ET Q q 0 0 0 rg BT 356.20 723.60 Td (summarized ) Tj ET Q q 0 0 0 rg BT 407.57 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 418.40 723.60 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 668.10 174.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 668.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 668.10 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 668.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 668.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 668.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 668.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 668.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 668.10 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 642.10 174.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 642.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 642.10 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 642.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 642.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 642.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 642.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 642.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 642.10 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 616.10 174.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 616.10 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 616.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 616.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 616.10 44.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 697.1 m 434.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 697.1 m 438.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 697.1 m 483.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 697.1 m 487.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 697.1 m 531.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 668.1 m 255.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 668.1 m 385.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 697.1 m 434.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 668.1 m 434.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 697.1 m 438.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 697.1 m 483.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 668.1 m 483.5 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 697.1 m 487.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 697.1 m 531.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 668.1 m 531.5 668.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 701.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.00 701.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.60 701.33 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 672.33 Td (Type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.00 672.33 Td (Balance Sheet Classification) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.35 688.33 Td (Asset) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.80 680.33 Td (carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.35 672.33 Td (value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.05 688.33 Td (Accrued) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 680.33 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.80 672.33 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.25 688.33 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.30 680.33 Td (carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.85 672.33 Td (value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 659.35 Td (Salus CLOs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.00 659.35 Td (Fixedmaturities,availablefor sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 659.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 659.35 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.00 659.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 659.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 659.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 659.35 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 646.35 Td (Fortress Investment Group CLOs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.00 646.35 Td (Fixedmaturities,availableforsale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.30 646.35 Td (225) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 646.35 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 646.35 Td (227) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 633.35 Td (Salus preferred equity \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.00 633.35 Td (Equity securities, available for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.30 633.35 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 633.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 633.35 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 620.35 Td (Salus participations \(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.00 620.35 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 620.35 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 620.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 620.35 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 607.35 Td (HGI energy loan \(c\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.00 607.35 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 607.35 Td (71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 607.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 607.35 Td (71) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 594.00 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 91.88 594.00 Td (Salus ) Tj ET Q q 0 0 0 rg BT 111.21 594.00 Td (preferred ) Tj ET Q q 0 0 0 rg BT 142.52 594.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 164.52 594.00 Td (is ) Tj ET Q q 0 0 0 rg BT 171.86 594.00 Td (included ) Tj ET Q q 0 0 0 rg BT 201.40 594.00 Td (in ) Tj ET Q q 0 0 0 rg BT 209.63 594.00 Td (the ) Tj ET Q q 0 0 0 rg BT 221.40 594.00 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 245.63 594.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 265.41 594.00 Td (withheld ) Tj ET Q q 0 0 0 rg BT 295.41 594.00 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 327.40 594.00 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 367.16 594.00 Td (all ) Tj ET Q q 0 0 0 rg BT 377.16 594.00 Td (income ) Tj ET Q q 0 0 0 rg BT 402.71 594.00 Td (on ) Tj ET Q q 0 0 0 rg BT 412.71 594.00 Td (this ) Tj ET Q q 0 0 0 rg BT 426.27 594.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 443.82 594.00 Td (is ) Tj ET Q q 0 0 0 rg BT 451.15 594.00 Td (ceded ) Tj ET Q q 0 0 0 rg BT 471.80 594.00 Td (to ) Tj ET Q q 0 0 0 rg BT 480.03 594.00 Td (FSRCI.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 584.40 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 92.33 584.40 Td (Includes ) Tj ET Q q 0 0 0 rg BT 121.43 584.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 137.20 584.40 Td (participations ) Tj ET Q q 0 0 0 rg BT 182.75 584.40 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.97 584.40 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.97 584.40 Td ( ) Tj ET Q q 0 0 0 rg BT 204.97 584.40 Td (dif) Tj ET Q q 0 0 0 rg BT 213.71 584.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 234.36 584.40 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 268.80 584.40 Td (with ) Tj ET Q q 0 0 0 rg BT 285.02 584.40 Td (an ) Tj ET Q q 0 0 0 rg BT 294.57 584.40 Td (average ) Tj ET Q q 0 0 0 rg BT 321.44 584.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 337.21 584.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 350.31 584.40 Td (value ) Tj ET Q q 0 0 0 rg BT 369.64 584.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 584.40 Td ($5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.30 584.40 Td ( ) Tj ET Q q 0 0 0 rg BT 388.30 584.40 Td (as ) Tj ET Q q 0 0 0 rg BT 396.96 584.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.63 584.40 Td (September30, ) Tj ET Q q 0 0 0 rg BT 453.84 584.40 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.84 584.40 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 574.80 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 92.06 574.80 Td (The ) Tj ET Q q 0 0 0 rg BT 106.86 574.80 Td (total ) Tj ET Q q 0 0 0 rg BT 123.43 574.80 Td (HGI ) Tj ET Q q 0 0 0 rg BT 140.01 574.80 Td (ener) Tj ET Q q 0 0 0 rg BT 153.63 574.80 Td (gy ) Tj ET Q q 0 0 0 rg BT 163.99 574.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 180.12 574.80 Td (is ) Tj ET Q q 0 0 0 rg BT 187.81 574.80 Td (included ) Tj ET Q q 0 0 0 rg BT 217.71 574.80 Td (in ) Tj ET Q q 0 0 0 rg BT 226.29 574.80 Td (the ) Tj ET Q q 0 0 0 rg BT 238.42 574.80 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 263.01 574.80 Td (funds ) Tj ET Q q 0 0 0 rg BT 283.15 574.80 Td (withheld ) Tj ET Q q 0 0 0 rg BT 313.50 574.80 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 345.85 574.80 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 385.97 574.80 Td (the ) Tj ET Q q 0 0 0 rg BT 398.10 574.80 Td (income ) Tj ET Q q 0 0 0 rg BT 424.00 574.80 Td (related ) Tj ET Q q 0 0 0 rg BT 448.12 574.80 Td (to ) Tj ET Q q 0 0 0 rg BT 456.70 574.80 Td (this ) Tj ET Q q 0 0 0 rg BT 470.61 574.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 496.08 574.80 Td (is ) Tj ET Q q 0 0 0 rg BT 503.77 574.80 Td (ceded ) Tj ET Q q 0 0 0 rg BT 524.78 574.80 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 564.00 Td (FSRCI.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.23 564.00 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 505.50 168.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 505.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 505.50 131.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 505.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 505.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 505.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 505.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 505.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 505.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 479.50 168.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 479.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 479.50 131.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 479.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 479.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 479.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 479.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 479.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 479.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 453.50 168.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 453.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 453.50 131.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 453.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 453.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 453.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 453.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 453.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 453.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 418.50 168.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 418.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 418.50 131.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 418.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 418.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 418.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 418.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 418.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 418.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 392.50 168.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 392.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 392.50 131.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 392.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 392.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 392.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 392.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 392.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 392.50 44.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 534.5 m 432.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 534.5 m 436.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 534.5 m 483.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 534.5 m 487.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 534.5 m 531.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 505.5 m 249.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 505.5 m 384.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 534.5 m 432.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 505.5 m 432.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 534.5 m 436.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 534.5 m 483.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 505.5 m 483.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 534.5 m 487.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 534.5 m 531.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 505.5 m 531.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 505.5 m 249.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 505.5 m 384.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 505.5 m 432.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 505.5 m 483.5 505.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 538.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.00 538.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.10 539.58 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 509.73 Td (Type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.00 509.73 Td (Balance Sheet Classification) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.85 525.73 Td (Asset) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.30 517.73 Td (carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.85 509.73 Td (value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.05 525.73 Td (Accrued) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.35 517.73 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 509.73 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.25 525.73 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.30 517.73 Td (carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.85 509.73 Td (value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 496.75 Td (Salus CLOs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 496.75 Td (Fixedmaturities,availableforsale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 496.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.25 496.75 Td (245) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.00 496.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 496.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 496.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 496.75 Td (245) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 483.75 Td (Fortress Investment Group CLOs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 483.75 Td (Fixedmaturities,availableforsale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.25 483.75 Td (181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 483.75 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 483.75 Td (183) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 470.75 Td (Salus preferred equity \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 470.75 Td (Equity securities, available for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 470.75 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 470.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 470.75 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 457.75 Td (Salus participations \(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 457.75 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.25 457.75 Td (110) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 457.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 457.75 Td (111) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 444.75 Td (EIC participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 444.75 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 444.75 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 444.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 444.75 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 430.75 Td (Foreign exchange derivatives and embedded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 422.75 Td (derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 422.75 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 422.75 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 422.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 422.75 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 409.75 Td (HGI energy loan \(c\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 409.75 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 409.75 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 409.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 409.75 Td (71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 396.75 Td (Salus 2012 participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 396.75 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 396.75 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 396.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 396.75 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 383.75 Td (Salus promissory note) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 383.75 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.30 383.75 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 383.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 383.75 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 367.40 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 91.88 367.40 Td (Salus ) Tj ET Q q 0 0 0 rg BT 111.21 367.40 Td (preferred ) Tj ET Q q 0 0 0 rg BT 142.52 367.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 164.52 367.40 Td (is ) Tj ET Q q 0 0 0 rg BT 171.86 367.40 Td (included ) Tj ET Q q 0 0 0 rg BT 201.40 367.40 Td (in ) Tj ET Q q 0 0 0 rg BT 209.63 367.40 Td (the ) Tj ET Q q 0 0 0 rg BT 221.40 367.40 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 245.63 367.40 Td (funds ) Tj ET Q q 0 0 0 rg BT 265.41 367.40 Td (withheld ) Tj ET Q q 0 0 0 rg BT 295.41 367.40 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 327.40 367.40 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 367.16 367.40 Td (all ) Tj ET Q q 0 0 0 rg BT 377.16 367.40 Td (income ) Tj ET Q q 0 0 0 rg BT 402.71 367.40 Td (on ) Tj ET Q q 0 0 0 rg BT 412.71 367.40 Td (this ) Tj ET Q q 0 0 0 rg BT 426.27 367.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 443.82 367.40 Td (is ) Tj ET Q q 0 0 0 rg BT 451.15 367.40 Td (ceded ) Tj ET Q q 0 0 0 rg BT 471.80 367.40 Td (to ) Tj ET Q q 0 0 0 rg BT 480.03 367.40 Td (FSRCI.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 354.80 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 92.33 354.80 Td (Includes ) Tj ET Q q 0 0 0 rg BT 121.43 354.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 137.20 354.80 Td (participations ) Tj ET Q q 0 0 0 rg BT 182.75 354.80 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.97 354.80 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.97 354.80 Td ( ) Tj ET Q q 0 0 0 rg BT 208.97 354.80 Td (dif) Tj ET Q q 0 0 0 rg BT 217.71 354.80 Td (ferent ) Tj ET Q q 0 0 0 rg BT 238.36 354.80 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 272.80 354.80 Td (with ) Tj ET Q q 0 0 0 rg BT 289.02 354.80 Td (an ) Tj ET Q q 0 0 0 rg BT 298.57 354.80 Td (average ) Tj ET Q q 0 0 0 rg BT 325.44 354.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 341.21 354.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 354.31 354.80 Td (value ) Tj ET Q q 0 0 0 rg BT 373.64 354.80 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.30 354.80 Td ($6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.30 354.80 Td ( ) Tj ET Q q 0 0 0 rg BT 392.30 354.80 Td (as ) Tj ET Q q 0 0 0 rg BT 400.96 354.80 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.63 354.80 Td (September30, ) Tj ET Q q 0 0 0 rg BT 457.84 354.80 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.84 354.80 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 342.20 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 91.65 342.20 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 93.42 342.20 Td ($20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 105.42 342.20 Td ( ) Tj ET Q q 0 0 0 rg BT 107.19 342.20 Td (of ) Tj ET Q q 0 0 0 rg BT 115.63 342.20 Td (the ) Tj ET Q q 0 0 0 rg BT 127.17 342.20 Td (total ) Tj ET Q q 0 0 0 rg BT 143.16 342.20 Td (HGI ) Tj ET Q q 0 0 0 rg BT 159.15 342.20 Td (ener) Tj ET Q q 0 0 0 rg BT 172.77 342.20 Td (gy ) Tj ET Q q 0 0 0 rg BT 182.54 342.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 198.08 342.20 Td (is ) Tj ET Q q 0 0 0 rg BT 205.19 342.20 Td (included ) Tj ET Q q 0 0 0 rg BT 234.51 342.20 Td (in ) Tj ET Q q 0 0 0 rg BT 242.50 342.20 Td (the ) Tj ET Q q 0 0 0 rg BT 254.04 342.20 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 278.05 342.20 Td (funds ) Tj ET Q q 0 0 0 rg BT 297.60 342.20 Td (withheld ) Tj ET Q q 0 0 0 rg BT 327.36 342.20 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 359.13 342.20 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 398.66 342.20 Td (the ) Tj ET Q q 0 0 0 rg BT 410.21 342.20 Td (income ) Tj ET Q q 0 0 0 rg BT 435.52 342.20 Td (related ) Tj ET Q q 0 0 0 rg BT 459.06 342.20 Td (to ) Tj ET Q q 0 0 0 rg BT 467.05 342.20 Td (this ) Tj ET Q q 0 0 0 rg BT 480.38 342.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 505.26 342.20 Td (is ) Tj ET Q q 0 0 0 rg BT 512.36 342.20 Td (ceded ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 94.50 332.60 Td (to ) Tj ET Q q 0 0 0 rg BT 102.72 332.60 Td (FSRCI.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 255.10 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 255.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 255.10 125.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 255.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 255.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 255.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 255.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 255.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 255.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 229.10 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 229.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 229.10 125.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 229.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 229.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 229.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 229.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 229.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 229.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 203.10 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 203.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 203.10 125.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 203.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 203.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 203.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 203.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 203.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 203.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 177.10 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 177.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 177.10 125.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 177.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 177.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 177.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 177.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 177.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 177.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 151.10 159.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 151.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 151.10 125.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 151.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 151.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 151.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 151.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 151.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 151.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 125.10 159.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 125.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 125.10 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 125.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 125.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 125.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 125.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 125.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 125.10 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 297.1 m 423.5 297.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 297.1 m 427.5 297.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 297.1 m 477.5 297.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 297.1 m 481.5 297.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 297.1 m 531.5 297.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 297.1 m 531.5 297.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 255.10000000000002 m 240.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 255.10000000000002 m 369.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 284.1 m 423.5 284.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 255.10000000000002 m 423.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 284.1 m 477.5 284.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 255.10000000000002 m 477.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 284.1 m 531.5 284.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 255.10000000000002 m 531.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 81.5 255.10000000000002 m 240.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 255.10000000000002 m 369.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 255.10000000000002 m 423.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 255.10000000000002 m 477.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 255.10000000000002 m 531.5 255.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.45 301.33 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 288.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.00 288.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.00 288.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 288.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.00 288.33 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 259.33 Td (Type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.00 259.33 Td (Investment Income Classification) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 275.33 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.30 267.33 Td (investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.75 259.33 Td (income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.00 275.33 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 267.33 Td (investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.75 259.33 Td (income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 275.33 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.30 267.33 Td (investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.75 259.33 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 246.35 Td (Salus CLOs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 246.35 Td (Fixed maturities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 246.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 246.35 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 246.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.65 246.35 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 246.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.65 246.35 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 233.35 Td (Fortress Investment Group CLOs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 233.35 Td (Fixed maturities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 233.35 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.65 233.35 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.65 233.35 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 220.35 Td (Leucadia National Corporation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 220.35 Td (Fixed maturities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 220.35 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 219.67 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.65 220.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 207.35 Td (Jefferies Group Inc.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 207.35 Td (Fixed maturities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 207.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.65 207.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.65 207.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 194.35 Td (Salus preferred equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 194.35 Td (Equity securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 194.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.65 194.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.65 194.35 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 181.35 Td (Salus participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 181.35 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 181.35 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.65 181.35 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.65 181.35 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 168.35 Td (EIC participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 168.35 Td (Other invested assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 168.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.65 168.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.65 168.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 155.35 Td (HGI energy loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 155.35 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 155.35 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.65 155.35 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.65 155.35 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 142.35 Td (Salus 2012 participations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 142.35 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 142.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.65 142.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.65 142.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 129.35 Td (Salus promissory note) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 129.35 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 129.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.65 129.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.65 129.35 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 114.35 Td (Salus revolver) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.00 114.35 Td (Related party loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 114.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.65 114.35 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 114.77 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 92.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 92.60 Td (The ) Tj ET Q q 0 0 0 rg BT 135.12 92.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 176.57 92.60 Td (had ) Tj ET Q q 0 0 0 rg BT 193.58 92.60 Td (realized ) Tj ET Q q 0 0 0 rg BT 227.79 92.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 259.23 92.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 299.55 92.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 326.01 92.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.91 92.60 Td ($5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.91 92.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.98 92.60 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.98 92.60 Td ( ) Tj ET Q q 0 0 0 rg BT 364.55 92.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.56 92.60 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.56 92.60 Td ( ) Tj ET Q q 0 0 0 rg BT 394.12 92.60 Td (for ) Tj ET Q q 0 0 0 rg BT 408.35 92.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.14 92.60 Td (years ) Tj ET Q q 0 0 0 rg BT 446.80 92.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.25 92.60 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 80.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 80.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.56 80.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.56 80.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.62 80.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.12 80.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.12 80.60 Td (, ) Tj ET Q q 0 0 0 rg BT 176.68 80.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 224.34 80.60 Td (, ) Tj ET Q q 0 0 0 rg BT 230.90 80.60 Td (related ) Tj ET Q q 0 0 0 rg BT 262.17 80.60 Td (to ) Tj ET Q q 0 0 0 rg BT 274.00 80.60 Td (its ) Tj ET Q q 0 0 0 rg BT 287.51 80.60 Td (CAD ) Tj ET Q q 0 0 0 rg BT 312.69 80.60 Td (denominated ) Tj ET Q q 0 0 0 rg BT 368.40 80.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 389.67 80.60 Td (participations ) Tj ET Q q 0 0 0 rg BT 448.16 80.60 Td (originated ) Tj ET Q q 0 0 0 rg BT 492.77 80.60 Td (by ) Tj ET Q q 0 0 0 rg BT 506.83 80.60 Td (Salus. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 68.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 130.90 68.60 Td (, ) Tj ET Q q 0 0 0 rg BT 135.85 68.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.52 68.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.86 68.60 Td (had ) Tj ET Q q 0 0 0 rg BT 208.75 68.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 240.08 68.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 280.29 68.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 322.72 68.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.62 68.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 383.16 68.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 425.59 68.60 Td (losses, ) Tj ET Q q 0 0 0 rg BT 454.44 68.60 Td (including ) Tj ET Q q 0 0 0 rg BT 494.67 68.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 521.01 68.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 56.60 Td (CAD ) Tj ET Q q 0 0 0 rg BT 105.16 56.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 143.19 56.60 Td (forward ) Tj ET Q q 0 0 0 rg BT 177.89 56.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 219.53 56.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.91 56.60 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.91 56.60 Td ( ) Tj ET Q q 0 0 0 rg BT 243.96 56.60 Td (for ) Tj ET Q q 0 0 0 rg BT 258.67 56.60 Td (the ) Tj ET Q q 0 0 0 rg BT 273.93 56.60 Td (year ) Tj ET Q q 0 0 0 rg BT 294.19 56.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.12 56.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 381.93 56.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.93 56.60 Td (, ) Tj ET Q q 0 0 0 rg BT 407.48 56.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.97 56.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 449.13 56.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 56.60 Td ($9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.50 56.60 Td ( ) Tj ET Q q 0 0 0 rg BT 473.55 56.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.04 56.60 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.04 56.60 Td ( ) Tj ET Q q 0 0 0 rg BT 504.09 56.60 Td (for ) Tj ET Q q 0 0 0 rg BT 518.80 56.60 Td (the ) Tj ET Q endstream endobj 339 0 obj <>] /Rotate 0 /Contents 340 0 R>> endobj 340 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 735.60 Td (years ) Tj ET Q q 0 0 0 rg BT 104.14 735.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 130.06 735.60 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.86 735.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.86 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 211.90 735.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.38 735.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.38 735.60 Td (, ) Tj ET Q q 0 0 0 rg BT 252.92 735.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 300.58 735.60 Td (, ) Tj ET Q q 0 0 0 rg BT 305.12 735.60 Td (included ) Tj ET Q q 0 0 0 rg BT 341.59 735.60 Td (in ) Tj ET Q q 0 0 0 rg BT 351.41 735.60 Td (other ) Tj ET Q q 0 0 0 rg BT 374.00 735.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 409.36 735.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 437.23 735.60 Td (See ) Tj ET Q q 0 0 0 rg BT 453.71 735.60 Td ("Note ) Tj ET Q q 0 0 0 rg BT 479.27 735.60 Td (5. ) Tj ET Q q 0 0 0 rg BT 488.81 735.60 Td (Derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 723.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 120.71 723.60 Td (Instruments" ) Tj ET Q q 0 0 0 rg BT 174.51 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 184.79 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.51 723.60 Td (Company) Tj ET Q q 0 0 0 rg BT 241.17 723.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.56 723.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 302.84 723.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 342.55 723.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.43 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 388.93 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 403.09 723.60 Td (further ) Tj ET Q q 0 0 0 rg BT 432.80 723.60 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 704.60 Td (During ) Tj ET Q q 0 0 0 rg BT 147.10 704.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 171.37 704.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.35 704.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.00 704.60 Td (received ) Tj ET Q q 0 0 0 rg BT 261.63 704.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 298.94 704.60 Td (from ) Tj ET Q q 0 0 0 rg BT 320.14 704.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.13 704.60 Td (RSH ) Tj ET Q q 0 0 0 rg BT 355.35 704.60 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 400.45 704.60 Td (trust ) Tj ET Q q 0 0 0 rg BT 419.99 704.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.09 704.60 Td ($23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.09 704.60 Td ( ) Tj ET Q q 0 0 0 rg BT 446.86 704.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 483.62 704.60 Td (in ) Tj ET Q q 0 0 0 rg BT 493.17 704.60 Td (a ) Tj ET Q q 0 0 0 rg BT 499.37 704.60 Td (realized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 692.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 100.72 692.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.55 692.60 Td ($8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.55 692.60 Td (. ) Tj ET Q q 0 0 0 rg BT 126.55 692.60 Td (See ) Tj ET Q q 0 0 0 rg BT 143.49 692.60 Td ("Note ) Tj ET Q q 0 0 0 rg BT 169.51 692.60 Td (4. ) Tj ET Q q 0 0 0 rg BT 179.51 692.60 Td (Investments" ) Tj ET Q q 0 0 0 rg BT 234.41 692.60 Td (to ) Tj ET Q q 0 0 0 rg BT 244.69 692.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.41 692.60 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.49 692.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 361.76 692.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 401.47 692.60 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.36 692.60 Td ( ) Tj ET Q q 0 0 0 rg BT 447.86 692.60 Td (for ) Tj ET Q q 0 0 0 rg BT 462.02 692.60 Td (further ) Tj ET Q q 0 0 0 rg BT 491.72 692.60 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 673.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.18 673.60 Td (August ) Tj ET Q q 0 0 0 rg BT 146.44 673.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 171.31 673.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 189.83 673.60 Td ( ) Tj ET Q q 0 0 0 rg BT 192.20 673.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 233.43 673.60 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 278.56 673.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.14 673.60 Td ($71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.14 673.60 Td ( ) Tj ET Q q 0 0 0 rg BT 310.51 673.60 Td ( ) Tj ET Q q 0 0 0 rg BT 312.88 673.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 335.25 673.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 355.40 673.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 374.09 673.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 386.46 673.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 409.38 673.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 436.75 673.60 Td (by ) Tj ET Q q 0 0 0 rg BT 449.12 673.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 469.26 673.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 487.96 673.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 500.33 673.60 Td (for ) Tj ET Q q 0 0 0 rg BT 514.36 673.60 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 661.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 104.53 661.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 131.96 661.60 Td (by ) Tj ET Q q 0 0 0 rg BT 144.39 661.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 164.58 661.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 183.28 661.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 195.71 661.60 Td (for ) Tj ET Q q 0 0 0 rg BT 209.79 661.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.44 661.60 Td (same ) Tj ET Q q 0 0 0 rg BT 247.41 661.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 263.71 661.60 Td (value ) Tj ET Q q 0 0 0 rg BT 287.79 661.60 Td (with ) Tj ET Q q 0 0 0 rg BT 308.00 661.60 Td (an ) Tj ET Q q 0 0 0 rg BT 319.32 661.60 Td (August ) Tj ET Q q 0 0 0 rg BT 350.64 661.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 373.07 661.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 409.38 661.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 430.78 661.60 Td (The ) Tj ET Q q 0 0 0 rg BT 448.75 661.60 Td (new ) Tj ET Q q 0 0 0 rg BT 467.84 661.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 491.37 661.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 518.80 661.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 649.60 Td (held ) Tj ET Q q 0 0 0 rg BT 100.72 649.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.00 649.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.71 649.60 Td (FSRCI ) Tj ET Q q 0 0 0 rg BT 156.00 649.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 180.73 649.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 218.22 649.60 Td (portfolio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.22 649.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.22 649.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 630.60 Td (The ) Tj ET Q q 0 0 0 rg BT 136.92 630.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.19 630.60 Td (had ) Tj ET Q q 0 0 0 rg BT 199.01 630.60 Td (realized ) Tj ET Q q 0 0 0 rg BT 235.02 630.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 285.50 630.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 313.77 630.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.48 630.60 Td ($1) Tj ET Q q 0 0 0 rg BT 336.11 630.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.11 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 345.49 630.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.30 630.60 Td ($46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.30 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 383.68 630.60 Td (on ) Tj ET Q q 0 0 0 rg BT 398.06 630.60 Td (available-for) Tj ET Q q 0 0 0 rg BT 448.94 630.60 Td (-sale ) Tj ET Q q 0 0 0 rg BT 472.19 630.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 497.12 630.60 Td (maturity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 618.60 Td (securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.50 618.60 Td ($22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.50 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 144.73 618.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.40 618.60 Td ($36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.40 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 182.63 618.60 Td (on ) Tj ET Q q 0 0 0 rg BT 196.86 618.60 Td (other ) Tj ET Q q 0 0 0 rg BT 221.64 618.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 259.19 618.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 289.26 618.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.93 618.60 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.93 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 322.16 618.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.83 618.60 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.83 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 355.06 618.60 Td (on ) Tj ET Q q 0 0 0 rg BT 369.29 618.60 Td (related ) Tj ET Q q 0 0 0 rg BT 400.72 618.60 Td (party ) Tj ET Q q 0 0 0 rg BT 425.50 618.60 Td (loans, ) Tj ET Q q 0 0 0 rg BT 453.34 618.60 Td (for ) Tj ET Q q 0 0 0 rg BT 469.23 618.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.68 618.60 Td (year ) Tj ET Q q 0 0 0 rg BT 507.12 618.60 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.00 618.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 606.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 141.72 606.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.72 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.68 606.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.08 606.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.08 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 207.54 606.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 255.21 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 260.67 606.60 Td (related ) Tj ET Q q 0 0 0 rg BT 290.83 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.57 606.60 Td (af) Tj ET Q q 0 0 0 rg BT 309.15 606.60 Td (filiated ) Tj ET Q q 0 0 0 rg BT 340.44 606.60 Td (investments. ) Tj ET Q q 0 0 0 rg BT 393.46 606.60 Td (The ) Tj ET Q q 0 0 0 rg BT 411.96 606.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 434.92 606.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 467.88 606.60 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.27 606.60 Td ($35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.27 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.23 606.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 594.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 103.78 594.60 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 148.50 594.60 Td (available ) Tj ET Q q 0 0 0 rg BT 186.82 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 200.71 594.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 218.49 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.16 594.60 Td (other ) Tj ET Q q 0 0 0 rg BT 257.94 594.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 293.50 594.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 321.56 594.60 Td (respectively ) Tj ET Q q 0 0 0 rg BT 372.10 594.60 Td (due ) Tj ET Q q 0 0 0 rg BT 388.77 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 398.78 594.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 423.77 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.44 594.60 Td (indirect ) Tj ET Q q 0 0 0 rg BT 473.22 594.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 523.22 594.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 582.60 Td (RSH ) Tj ET Q q 0 0 0 rg BT 102.95 582.60 Td (included ) Tj ET Q q 0 0 0 rg BT 139.89 582.60 Td (within ) Tj ET Q q 0 0 0 rg BT 167.94 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.66 582.60 Td (Salus ) Tj ET Q q 0 0 0 rg BT 206.83 582.60 Td (CLOs ) Tj ET Q q 0 0 0 rg BT 233.22 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 250.16 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 264.88 582.60 Td (Salus ) Tj ET Q q 0 0 0 rg BT 289.05 582.60 Td (participations. ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9333333333333333 0.15294117647058825 0.1411764705882353 rg BT 81.00 563.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 117.00 563.60 Td (During ) Tj ET Q q 0 0 0 rg BT 147.53 563.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.96 563.60 Td (year) Tj ET Q q 0 0 0 rg BT 178.76 563.60 Td (, ) Tj ET Q q 0 0 0 rg BT 183.47 563.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.89 563.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 238.98 563.60 Td (has ) Tj ET Q q 0 0 0 rg BT 254.51 563.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 300.60 563.60 Td (management ) Tj ET Q q 0 0 0 rg BT 353.89 563.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 401.63 563.60 Td (with ) Tj ET Q q 0 0 0 rg BT 421.61 563.60 Td (Salus, ) Tj ET Q q 0 0 0 rg BT 447.99 563.60 Td (CorAmerica ) Tj ET Q q 0 0 0 rg BT 499.62 563.60 Td (Capital, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 551.60 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 104.13 551.60 Td (and ) Tj ET Q q 0 0 0 rg BT 120.32 551.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 139.02 551.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 150.77 551.60 Td (& ) Tj ET Q q 0 0 0 rg BT 160.29 551.60 Td (Infrastructure ) Tj ET Q q 0 0 0 rg BT 216.45 551.60 Td (Capital, ) Tj ET Q q 0 0 0 rg BT 249.58 551.60 Td (LLC ) Tj ET Q q 0 0 0 rg BT 270.22 551.60 Td (\("EIC"\), ) Tj ET Q q 0 0 0 rg BT 305.40 551.60 Td (all ) Tj ET Q q 0 0 0 rg BT 317.14 551.60 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 376.66 551.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 425.62 551.60 Td (of ) Tj ET Q q 0 0 0 rg BT 435.70 551.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 454.84 551.60 Td (Asset ) Tj ET Q q 0 0 0 rg BT 478.81 551.60 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 539.60 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 122.55 539.60 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 146.31 539.60 Td (which ) Tj ET Q q 0 0 0 rg BT 173.12 539.60 Td (is ) Tj ET Q q 0 0 0 rg BT 182.17 539.60 Td (also ) Tj ET Q q 0 0 0 rg BT 200.65 539.60 Td (a ) Tj ET Q q 0 0 0 rg BT 207.46 539.60 Td (wholly ) Tj ET Q q 0 0 0 rg BT 237.62 539.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 266.65 539.60 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 310.14 539.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.84 539.60 Td (HRG. ) Tj ET Q q 0 0 0 rg BT 346.66 539.60 Td (The ) Tj ET Q q 0 0 0 rg BT 364.58 539.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 408.60 539.60 Td (for ) Tj ET Q q 0 0 0 rg BT 422.63 539.60 Td (EIC ) Tj ET Q q 0 0 0 rg BT 441.12 539.60 Td (was ) Tj ET Q q 0 0 0 rg BT 459.05 539.60 Td (terminated ) Tj ET Q q 0 0 0 rg BT 504.18 539.60 Td (in ) Tj ET Q q 0 0 0 rg BT 514.33 539.60 Td (July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 527.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 105.13 527.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.20 527.60 Td (CorAmerica ) Tj ET Q q 0 0 0 rg BT 172.25 527.60 Td (is ) Tj ET Q q 0 0 0 rg BT 180.56 527.60 Td (no ) Tj ET Q q 0 0 0 rg BT 192.19 527.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 219.36 527.60 Td (a ) Tj ET Q q 0 0 0 rg BT 225.43 527.60 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 284.83 527.60 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 327.57 527.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.53 527.60 Td (HGI ) Tj ET Q q 0 0 0 rg BT 356.58 527.60 Td (Asset ) Tj ET Q q 0 0 0 rg BT 380.43 527.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 434.26 527.60 Td (Holdings. ) Tj ET Q q 0 0 0 rg BT 474.95 527.60 Td (The ) Tj ET Q q 0 0 0 rg BT 492.12 527.60 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 515.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 101.70 515.60 Td (management ) Tj ET Q q 0 0 0 rg BT 156.27 515.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 175.85 515.60 Td (to ) Tj ET Q q 0 0 0 rg BT 187.11 515.60 Td (these ) Tj ET Q q 0 0 0 rg BT 211.14 515.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 243.51 515.60 Td (for ) Tj ET Q q 0 0 0 rg BT 258.65 515.60 Td (the ) Tj ET Q q 0 0 0 rg BT 274.35 515.60 Td (services ) Tj ET Q q 0 0 0 rg BT 310.04 515.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 349.07 515.60 Td (under ) Tj ET Q q 0 0 0 rg BT 375.32 515.60 Td (these ) Tj ET Q q 0 0 0 rg BT 399.35 515.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 448.37 515.60 Td (which ) Tj ET Q q 0 0 0 rg BT 476.29 515.60 Td (are ) Tj ET Q q 0 0 0 rg BT 491.98 515.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 516.57 515.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 503.60 Td (customary ) Tj ET Q q 0 0 0 rg BT 125.42 503.60 Td (for ) Tj ET Q q 0 0 0 rg BT 139.85 503.60 Td (these ) Tj ET Q q 0 0 0 rg BT 163.16 503.60 Td (types ) Tj ET Q q 0 0 0 rg BT 187.03 503.60 Td (of ) Tj ET Q q 0 0 0 rg BT 198.13 503.60 Td (services. ) Tj ET Q q 0 0 0 rg BT 235.40 503.60 Td (The ) Tj ET Q q 0 0 0 rg BT 253.71 503.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 295.36 503.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 315.34 503.60 Td (Salus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.78 503.60 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.78 503.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.04 503.60 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.04 503.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.81 503.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.01 503.60 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.01 503.60 Td ( ) Tj ET Q q 0 0 0 rg BT 397.78 503.60 Td (during ) Tj ET Q q 0 0 0 rg BT 426.65 503.60 Td (the ) Tj ET Q q 0 0 0 rg BT 441.63 503.60 Td (year ) Tj ET Q q 0 0 0 rg BT 461.61 503.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 488.25 503.60 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 491.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 97.16 491.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 123.31 491.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 146.97 491.60 Td (and ) Tj ET Q q 0 0 0 rg BT 165.06 491.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 191.22 491.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 238.88 491.60 Td (, ) Tj ET Q q 0 0 0 rg BT 245.04 491.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 265.91 491.60 Td (CorAmerica ) Tj ET Q q 0 0 0 rg BT 318.99 491.60 Td (Capital, ) Tj ET Q q 0 0 0 rg BT 354.03 491.60 Td (LLC ) Tj ET Q q 0 0 0 rg BT 376.57 491.60 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.07 491.60 Td ($3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.07 491.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.23 491.60 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.23 491.60 Td ( ) Tj ET Q q 0 0 0 rg BT 408.88 491.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.98 491.60 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.98 491.60 Td ( ) Tj ET Q q 0 0 0 rg BT 440.63 491.60 Td (during ) Tj ET Q q 0 0 0 rg BT 470.40 491.60 Td (the ) Tj ET Q q 0 0 0 rg BT 486.27 491.60 Td (year ) Tj ET Q q 0 0 0 rg BT 507.14 491.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 479.60 Td (September ) Tj ET Q q 0 0 0 rg BT 126.41 479.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 141.55 479.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 166.70 479.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 189.35 479.60 Td (and ) Tj ET Q q 0 0 0 rg BT 206.43 479.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 231.58 479.60 Td (respectively ) Tj ET Q q 0 0 0 rg BT 282.53 479.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.62 479.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 321.98 479.60 Td (EIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.73 479.60 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.73 479.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.88 479.60 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.88 479.60 Td ( ) Tj ET Q q 0 0 0 rg BT 368.52 479.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.61 479.60 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.61 479.60 Td ( ) Tj ET Q q 0 0 0 rg BT 398.25 479.60 Td (during ) Tj ET Q q 0 0 0 rg BT 427.01 479.60 Td (the ) Tj ET Q q 0 0 0 rg BT 441.87 479.60 Td (year ) Tj ET Q q 0 0 0 rg BT 461.72 479.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 488.24 479.60 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 467.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 96.00 467.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 121.00 467.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 143.50 467.60 Td (and ) Tj ET Q q 0 0 0 rg BT 160.44 467.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 185.44 467.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 233.10 467.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 448.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.00 448.60 Td (The ) Tj ET Q q 0 0 0 rg BT 136.39 448.60 Td (F&G ) Tj ET Q q 0 0 0 rg BT 160.80 448.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 187.43 448.60 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 226.52 448.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 274.80 448.60 Td (included ) Tj ET Q q 0 0 0 rg BT 313.08 448.60 Td (a ) Tj ET Q q 0 0 0 rg BT 321.36 448.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 366.29 448.60 Td (and ) Tj ET Q q 0 0 0 rg BT 384.58 448.60 Td (Pledge ) Tj ET Q q 0 0 0 rg BT 414.79 448.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 465.56 448.60 Td (which ) Tj ET Q q 0 0 0 rg BT 493.85 448.60 Td (created ) Tj ET Q q 0 0 0 rg BT 526.56 448.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 436.60 Td (security ) Tj ET Q q 0 0 0 rg BT 115.15 436.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 147.08 436.60 Td (in ) Tj ET Q q 0 0 0 rg BT 157.35 436.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.06 436.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 199.55 436.60 Td (of ) Tj ET Q q 0 0 0 rg BT 210.38 436.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 238.99 436.60 Td (and ) Tj ET Q q 0 0 0 rg BT 255.92 436.60 Td (FGLH) Tj ET Q q 0 0 0 rg BT 284.81 436.60 Td (s ) Tj ET Q q 0 0 0 rg BT 291.20 436.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 318.69 436.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 350.62 436.60 Td (in ) Tj ET Q q 0 0 0 rg BT 360.89 436.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 379.41 436.60 Td ( ) Tj ET Q q 0 0 0 rg BT 381.91 436.60 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 423.27 436.60 Td (for ) Tj ET Q q 0 0 0 rg BT 437.43 436.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.14 436.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 482.40 436.60 Td (of ) Tj ET Q q 0 0 0 rg BT 493.22 436.60 Td (OMGUK ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 424.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.01 424.60 Td (the ) Tj ET Q q 0 0 0 rg BT 105.46 424.60 Td (event ) Tj ET Q q 0 0 0 rg BT 129.34 424.60 Td (that ) Tj ET Q q 0 0 0 rg BT 146.57 424.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 165.09 424.60 Td ( ) Tj ET Q q 0 0 0 rg BT 167.32 424.60 Td (failed ) Tj ET Q q 0 0 0 rg BT 192.32 424.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.33 424.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 236.77 424.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 266.20 424.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 312.88 424.60 Td (under ) Tj ET Q q 0 0 0 rg BT 337.88 424.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.32 424.60 Td (F&G ) Tj ET Q q 0 0 0 rg BT 375.12 424.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 400.13 424.60 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 437.96 424.60 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 487.12 424.60 Td (In ) Tj ET Q q 0 0 0 rg BT 497.68 424.60 Td (the ) Tj ET Q q 0 0 0 rg BT 512.13 424.60 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 412.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 111.47 412.60 Td (of ) Tj ET Q q 0 0 0 rg BT 121.95 412.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 146.60 412.60 Td (in ) Tj ET Q q 0 0 0 rg BT 156.53 412.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 202.55 412.60 Td (with ) Tj ET Q q 0 0 0 rg BT 222.48 412.60 Td (the ) Tj ET Q q 0 0 0 rg BT 236.85 412.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 280.10 412.60 Td (of ) Tj ET Q q 0 0 0 rg BT 290.58 412.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.95 412.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 343.20 412.60 Td (amongst ) Tj ET Q q 0 0 0 rg BT 379.24 412.60 Td (the ) Tj ET Q q 0 0 0 rg BT 393.61 412.60 Td (Company) Tj ET Q q 0 0 0 rg BT 431.85 412.60 Td (, ) Tj ET Q q 0 0 0 rg BT 436.50 412.60 Td (HRG ) Tj ET Q q 0 0 0 rg BT 459.76 412.60 Td (and ) Tj ET Q q 0 0 0 rg BT 476.35 412.60 Td (OMGUK, ) Tj ET Q q 0 0 0 rg BT 518.78 412.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 400.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 124.27 400.60 Td (and ) Tj ET Q q 0 0 0 rg BT 140.90 400.60 Td (Pledge ) Tj ET Q q 0 0 0 rg BT 169.82 400.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 216.44 400.60 Td (was ) Tj ET Q q 0 0 0 rg BT 234.18 400.60 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 281.62 400.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.25 400.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.66 400.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 353.73 400.60 Td (was ) Tj ET Q q 0 0 0 rg BT 371.47 400.60 Td (released ) Tj ET Q q 0 0 0 rg BT 406.42 400.60 Td (from ) Tj ET Q q 0 0 0 rg BT 428.04 400.60 Td (its ) Tj ET Q q 0 0 0 rg BT 439.68 400.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 486.31 400.60 Td (thereunder) Tj ET Q q 0 0 0 rg BT 528.52 400.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 379.60 Td (\(15\) ) Tj ET Q q 0 0 0 rg BT 100.16 379.60 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 141.56 379.60 Td (Per) Tj ET Q q 0 0 0 rg BT 156.37 379.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.87 379.60 Td (Shar) Tj ET Q q 0 0 0 rg BT 179.25 379.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 360.60 Td (The ) Tj ET Q q 0 0 0 rg BT 122.30 360.60 Td (following ) Tj ET Q q 0 0 0 rg BT 164.44 360.60 Td (table ) Tj ET Q q 0 0 0 rg BT 187.13 360.60 Td (sets ) Tj ET Q q 0 0 0 rg BT 205.38 360.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 228.08 360.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.55 360.60 Td (computation ) Tj ET Q q 0 0 0 rg BT 296.79 360.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.38 360.60 Td (basic ) Tj ET Q q 0 0 0 rg BT 332.18 360.60 Td (and ) Tj ET Q q 0 0 0 rg BT 349.87 360.60 Td (diluted ) Tj ET Q q 0 0 0 rg BT 380.90 360.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 418.03 360.60 Td (per ) Tj ET Q q 0 0 0 rg BT 434.05 360.60 Td (share ) Tj ET Q q 0 0 0 rg BT 458.41 360.60 Td (\(share ) Tj ET Q q 0 0 0 rg BT 486.09 360.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 523.23 360.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 348.60 Td (thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 309.10 238.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 309.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 309.10 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 309.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 309.10 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 309.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 309.10 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 284.10 238.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 284.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 284.10 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 284.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 284.10 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 284.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 284.10 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 253.10 238.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 253.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 253.10 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 253.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 253.10 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 253.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 253.10 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 227.10 238.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 227.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 227.10 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 227.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 227.10 66.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 227.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 227.10 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 202.10 238.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 202.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 202.10 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 202.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 202.10 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 202.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 202.10 67.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 322.1 m 389.5 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 322.1 m 393.5 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 322.1 m 459.5 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 322.1 m 463.5 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 322.1 m 530.5 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 309.1 m 389.5 309.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 309.1 m 459.5 309.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 322.1 m 530.5 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 309.1 m 389.5 309.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 297.1 m 389.5 297.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 295.1 m 389.5 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 309.1 m 459.5 309.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 297.1 m 459.5 297.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 295.1 m 459.5 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 309.1 m 530.5 309.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 297.1 m 530.5 297.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 295.1 m 530.5 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 240.10000000000002 m 389.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 240.10000000000002 m 459.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 240.10000000000002 m 530.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 240.10000000000002 m 459.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 240.10000000000002 m 530.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 190.10000000000002 m 389.5 190.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 188.10000000000002 m 389.5 188.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 190.10000000000002 m 459.5 190.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 188.10000000000002 m 459.5 188.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 190.10000000000002 m 530.5 190.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 188.10000000000002 m 530.5 188.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 188.10000000000002 m 389.5 188.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 190.10000000000002 m 389.5 190.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 177.10000000000002 m 389.5 177.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 175.10000000000002 m 389.5 175.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 177.10000000000002 m 459.5 177.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 175.10000000000002 m 459.5 175.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 177.10000000000002 m 530.5 177.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 175.10000000000002 m 530.5 175.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.45 326.33 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.50 313.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 313.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.50 313.33 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 300.35 Td (Net income attributable to common shares - basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 300.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 300.35 Td (97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 300.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 300.35 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.00 300.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 300.35 Td (163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 275.35 Td (Weighted-average common shares outstanding - basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.30 275.35 Td (58,275) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 275.35 Td (58,118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.30 275.35 Td (55,970) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 263.05 Td (Dilutive effect of unvested restricted stock and unvested performance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 255.10 Td (restricted stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.30 257.35 Td (271) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 257.35 Td (208) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 257.35 Td (31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 244.35 Td (Dilutive effect of stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 244.35 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 244.35 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 244.35 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 231.35 Td (Weighted-average shares outstanding - diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.30 231.35 Td (58,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 231.35 Td (58,361) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.30 231.35 Td (56,011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 206.35 Td (Net income per common share:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 193.35 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 193.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.30 193.35 Td (1.67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 193.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 193.35 Td (2.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.00 193.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 193.35 Td (2.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 180.35 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 180.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.30 180.35 Td (1.66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 180.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 180.35 Td (2.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.00 180.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 180.35 Td (2.90) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 152.60 Td (The ) Tj ET Q q 0 0 0 rg BT 121.00 152.60 Td (number ) Tj ET Q q 0 0 0 rg BT 153.50 152.60 Td (of ) Tj ET Q q 0 0 0 rg BT 163.79 152.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 190.73 152.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.02 152.60 Td (common ) Tj ET Q q 0 0 0 rg BT 237.97 152.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 261.03 152.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 309.65 152.60 Td (used ) Tj ET Q q 0 0 0 rg BT 329.93 152.60 Td (in ) Tj ET Q q 0 0 0 rg BT 339.67 152.60 Td (calculating ) Tj ET Q q 0 0 0 rg BT 385.49 152.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.66 152.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 438.27 152.60 Td (average ) Tj ET Q q 0 0 0 rg BT 471.31 152.60 Td (thereof ) Tj ET Q q 0 0 0 rg BT 501.58 152.60 Td (reflects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 140.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.23 140.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 123.12 140.60 Td (number ) Tj ET Q q 0 0 0 rg BT 156.68 140.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.02 140.60 Td (FGL) Tj ET Q q 0 0 0 rg BT 186.54 140.60 Td ( ) Tj ET Q q 0 0 0 rg BT 189.56 140.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 217.56 140.60 Td (of ) Tj ET Q q 0 0 0 rg BT 228.91 140.60 Td (common ) Tj ET Q q 0 0 0 rg BT 266.92 140.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 291.04 140.60 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 343.22 140.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 385.66 140.60 Td (unvested ) Tj ET Q q 0 0 0 rg BT 424.23 140.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 464.44 140.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 488.56 140.60 Td (and ) Tj ET Q q 0 0 0 rg BT 506.02 140.60 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 128.60 Td (held ) Tj ET Q q 0 0 0 rg BT 100.72 128.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.00 128.60 Td (treasury) Tj ET Q q 0 0 0 rg BT 142.55 128.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 110.60 Td (The ) Tj ET Q q 0 0 0 rg BT 120.50 110.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 165.81 110.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.59 110.60 Td (diluted ) Tj ET Q q 0 0 0 rg BT 204.82 110.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 240.15 110.60 Td (per ) Tj ET Q q 0 0 0 rg BT 254.36 110.60 Td (share ) Tj ET Q q 0 0 0 rg BT 276.91 110.60 Td (for ) Tj ET Q q 0 0 0 rg BT 290.02 110.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.69 110.60 Td (years ) Tj ET Q q 0 0 0 rg BT 326.24 110.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.57 110.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 410.78 110.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.78 110.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.73 110.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.73 110.60 Td (, ) Tj ET Q q 0 0 0 rg BT 458.68 110.60 Td (and ) Tj ET Q q 0 0 0 rg BT 474.57 110.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 496.02 110.60 Td (excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 98.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.06 98.60 Td (incremental ) Tj ET Q q 0 0 0 rg BT 146.09 98.60 Td (ef) Tj ET Q q 0 0 0 rg BT 153.68 98.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 171.50 98.60 Td (related ) Tj ET Q q 0 0 0 rg BT 201.54 98.60 Td (to ) Tj ET Q q 0 0 0 rg BT 212.16 98.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 242.20 98.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 291.70 98.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 315.65 98.60 Td (options ) Tj ET Q q 0 0 0 rg BT 347.94 98.60 Td (and ) Tj ET Q q 0 0 0 rg BT 365.21 98.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 405.25 98.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 433.08 98.60 Td (due ) Tj ET Q q 0 0 0 rg BT 450.36 98.60 Td (to ) Tj ET Q q 0 0 0 rg BT 460.98 98.60 Td (their ) Tj ET Q q 0 0 0 rg BT 482.14 98.60 Td (anti-dilutive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 86.60 Td (ef) Tj ET Q q 0 0 0 rg BT 88.59 86.60 Td (fect. ) Tj ET Q q 0 0 0 rg BT 111.60 86.60 Td (The ) Tj ET Q q 0 0 0 rg BT 130.42 86.60 Td (number ) Tj ET Q q 0 0 0 rg BT 164.23 86.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.82 86.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 215.74 86.60 Td (average ) Tj ET Q q 0 0 0 rg BT 250.09 86.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 295.01 86.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 323.27 86.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 362.63 86.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.67 86.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.67 86.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.43 86.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.43 86.60 Td (, ) Tj ET Q q 0 0 0 rg BT 425.20 86.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.90 86.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 466.17 86.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.64 86.60 Td (19 ) Tj ET Q q 0 0 0 rg BT 494.91 86.60 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 74.60 Td (shares,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.49 74.60 Td (17 ) Tj ET Q q 0 0 0 rg BT 120.72 74.60 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.83 74.60 Td ( ) Tj ET Q q 0 0 0 rg BT 159.06 74.60 Td (shares, ) Tj ET Q q 0 0 0 rg BT 188.79 74.60 Td (and ) Tj ET Q q 0 0 0 rg BT 205.46 74.60 Td (less ) Tj ET Q q 0 0 0 rg BT 222.69 74.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.14 74.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 249.37 74.60 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.48 74.60 Td ( ) Tj ET Q q 0 0 0 rg BT 287.72 74.60 Td (shares, ) Tj ET Q q 0 0 0 rg BT 317.44 74.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 365.10 74.60 Td (. ) Tj ET Q q 0 0 0 rg BT 371.84 74.60 Td (Also, ) Tj ET Q q 0 0 0 rg BT 395.46 74.60 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 444.90 74.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 502.68 74.60 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 62.60 Td (under ) Tj ET Q q 0 0 0 rg BT 106.69 62.60 Td (the ) Tj ET Q q 0 0 0 rg BT 121.82 62.60 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 150.85 62.60 Td (Plans ) Tj ET Q q 0 0 0 rg BT 175.44 62.60 Td (are ) Tj ET Q q 0 0 0 rg BT 190.56 62.60 Td (settled ) Tj ET Q q 0 0 0 rg BT 219.58 62.60 Td (in ) Tj ET Q q 0 0 0 rg BT 230.28 62.60 Td (cash, ) Tj ET Q q 0 0 0 rg BT 253.47 62.60 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 294.97 62.60 Td (are ) Tj ET Q q 0 0 0 rg BT 310.09 62.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 349.10 62.60 Td (from ) Tj ET Q q 0 0 0 rg BT 371.46 62.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.59 62.60 Td (computation ) Tj ET Q q 0 0 0 rg BT 439.50 62.60 Td (of ) Tj ET Q q 0 0 0 rg BT 450.75 62.60 Td (diluted ) Tj ET Q q 0 0 0 rg BT 481.44 62.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 518.23 62.60 Td (per ) Tj ET Q endstream endobj 341 0 obj <>] /Rotate 0 /Contents 342 0 R>> endobj 342 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 106.91 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 117.54 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.07 742.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 158.81 742.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 189.44 742.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 214.24 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 228.21 742.10 Td (decided ) Tj ET Q q 0 0 0 rg BT 261.61 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.70 742.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 295.11 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.63 742.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 362.46 742.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 401.97 742.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 425.38 742.10 Td (units ) Tj ET Q q 0 0 0 rg BT 447.14 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 457.23 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 477.30 742.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 499.61 742.10 Td (vesting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 122.06 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.75 730.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 189.75 730.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 229.43 730.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 253.01 730.10 Td (units ) Tj ET Q q 0 0 0 rg BT 274.94 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 289.62 730.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 328.19 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 350.10 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.79 730.10 Td (computation ) Tj ET Q q 0 0 0 rg BT 417.26 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.07 730.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 458.31 730.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 494.67 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 509.91 730.10 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.28 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.00 718.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 132.93 718.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 160.70 718.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 682.10 Td (\(16\) ) Tj ET Q q 0 0 0 rg BT 100.16 682.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 145.44 682.10 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 194.08 682.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 236.58 682.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 291.30 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.93 682.10 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 360.19 682.10 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 667.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.01 667.10 Td (Company) Tj ET Q q 0 0 0 rg BT 163.68 667.10 Td (s ) Tj ET Q q 0 0 0 rg BT 170.54 667.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 211.82 667.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 262.00 667.10 Td (file ) Tj ET Q q 0 0 0 rg BT 278.29 667.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.24 667.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 361.42 667.10 Td (with ) Tj ET Q q 0 0 0 rg BT 382.16 667.10 Td (state ) Tj ET Q q 0 0 0 rg BT 403.45 667.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 444.74 667.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 488.80 667.10 Td (authorities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.10 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.98 655.10 Td (National ) Tj ET Q q 0 0 0 rg BT 146.71 655.10 Td (Association ) Tj ET Q q 0 0 0 rg BT 195.59 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.59 655.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 246.12 655.10 Td (Commissioners ) Tj ET Q q 0 0 0 rg BT 310.01 655.10 Td (\(NAIC\) ) Tj ET Q q 0 0 0 rg BT 351.65 655.10 Td (that ) Tj ET Q q 0 0 0 rg BT 368.31 655.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.19 655.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 418.82 655.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.27 655.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 474.89 655.10 Td (with ) Tj ET Q q 0 0 0 rg BT 494.33 655.10 Td (Statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 643.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 129.09 643.10 Td (Principles ) Tj ET Q q 0 0 0 rg BT 170.52 643.10 Td (\(SAP\) ) Tj ET Q q 0 0 0 rg BT 205.84 643.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 248.93 643.10 Td (or ) Tj ET Q q 0 0 0 rg BT 258.69 643.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 298.45 643.10 Td (by ) Tj ET Q q 0 0 0 rg BT 309.89 643.10 Td (such ) Tj ET Q q 0 0 0 rg BT 329.65 643.10 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 375.80 643.10 Td (which ) Tj ET Q q 0 0 0 rg BT 401.68 643.10 Td (may ) Tj ET Q q 0 0 0 rg BT 420.33 643.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 439.54 643.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 481.51 643.10 Td (from ) Tj ET Q q 0 0 0 rg BT 502.39 643.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 528.51 643.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 631.10 Td (Prescribed ) Tj ET Q q 0 0 0 rg BT 126.63 631.10 Td (SAP) Tj ET Q q 0 0 0 rg BT 144.61 631.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.04 631.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 184.79 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.68 631.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 249.76 631.10 Td (Practices ) Tj ET Q q 0 0 0 rg BT 289.28 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.15 631.10 Td (Procedures ) Tj ET Q q 0 0 0 rg BT 355.00 631.10 Td (Manual ) Tj ET Q q 0 0 0 rg BT 388.98 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.74 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.38 631.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 444.25 631.10 Td (as ) Tj ET Q q 0 0 0 rg BT 456.01 631.10 Td (well ) Tj ET Q q 0 0 0 rg BT 476.65 631.10 Td (as ) Tj ET Q q 0 0 0 rg BT 488.41 631.10 Td (state ) Tj ET Q q 0 0 0 rg BT 510.17 631.10 Td (laws, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 619.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 127.92 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.85 619.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 204.54 619.10 Td (rules. ) Tj ET Q q 0 0 0 rg BT 228.97 619.10 Td (Permitted ) Tj ET Q q 0 0 0 rg BT 270.34 619.10 Td (SAP) Tj ET Q q 0 0 0 rg BT 288.31 619.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.80 619.10 Td (encompasses ) Tj ET Q q 0 0 0 rg BT 345.49 619.10 Td (all ) Tj ET Q q 0 0 0 rg BT 357.98 619.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 404.34 619.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 442.36 619.10 Td (not ) Tj ET Q q 0 0 0 rg BT 457.62 619.10 Td (so ) Tj ET Q q 0 0 0 rg BT 469.00 619.10 Td (prescribed. ) Tj ET Q q 0 0 0 rg BT 515.46 619.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 607.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 118.84 607.10 Td (dif) Tj ET Q q 0 0 0 rg BT 129.77 607.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 165.38 607.10 Td (between ) Tj ET Q q 0 0 0 rg BT 200.99 607.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 238.29 607.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 275.57 607.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 320.08 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.82 607.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.10 607.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 418.61 607.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 455.88 607.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.96 607.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 513.22 607.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 595.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 107.86 595.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.90 595.10 Td (are ) Tj ET Q q 0 0 0 rg BT 124.16 595.10 Td (that ) Tj ET Q q 0 0 0 rg BT 141.20 595.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 178.24 595.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.27 595.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 259.53 595.10 Td (do ) Tj ET Q q 0 0 0 rg BT 271.58 595.10 Td (not ) Tj ET Q q 0 0 0 rg BT 286.40 595.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 313.98 595.10 Td (DAC ) Tj ET Q q 0 0 0 rg BT 337.14 595.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.48 595.10 Td (VOBA, ) Tj ET Q q 0 0 0 rg BT 386.36 595.10 Td (some ) Tj ET Q q 0 0 0 rg BT 409.52 595.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 431.57 595.10 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 472.50 595.10 Td (may ) Tj ET Q q 0 0 0 rg BT 491.76 595.10 Td (be ) Tj ET Q q 0 0 0 rg BT 503.25 595.10 Td (carried ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 583.10 Td (at ) Tj ET Q q 0 0 0 rg BT 91.44 583.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 134.65 583.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 156.49 583.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 183.05 583.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.71 583.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 241.16 583.10 Td (are ) Tj ET Q q 0 0 0 rg BT 256.59 583.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 298.13 583.10 Td (net ) Tj ET Q q 0 0 0 rg BT 313.58 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.14 583.10 Td (reinsurance, ) Tj ET Q q 0 0 0 rg BT 376.95 583.10 Td (contractholder ) Tj ET Q q 0 0 0 rg BT 437.92 583.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 478.37 583.10 Td (are ) Tj ET Q q 0 0 0 rg BT 493.80 583.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 571.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 109.65 571.10 Td (using ) Tj ET Q q 0 0 0 rg BT 133.32 571.10 Td (more ) Tj ET Q q 0 0 0 rg BT 155.87 571.10 Td (conservative ) Tj ET Q q 0 0 0 rg BT 208.40 571.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 259.85 571.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.29 571.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 305.49 571.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 330.82 571.10 Td (are ) Tj ET Q q 0 0 0 rg BT 345.03 571.10 Td (non-admitted. ) Tj ET Q q 0 0 0 rg BT 402.40 571.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 451.74 571.10 Td (, ) Tj ET Q q 0 0 0 rg BT 456.24 571.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 493.23 571.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 559.10 Td (results ) Tj ET Q q 0 0 0 rg BT 108.75 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.82 559.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 161.46 559.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 189.75 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.82 559.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 236.35 559.10 Td (may ) Tj ET Q q 0 0 0 rg BT 255.21 559.10 Td (dif) Tj ET Q q 0 0 0 rg BT 266.13 559.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 278.87 559.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 331.06 559.10 Td (from ) Tj ET Q q 0 0 0 rg BT 352.14 559.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 387.66 559.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 422.62 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.03 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.89 559.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 472.74 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.38 559.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 496.02 559.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 547.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 125.71 547.10 Td (for ) Tj ET Q q 0 0 0 rg BT 139.87 547.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 189.01 547.10 Td (items.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 528.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.72 528.10 Td (Company) Tj ET Q q 0 0 0 rg BT 164.38 528.10 Td (s ) Tj ET Q q 0 0 0 rg BT 170.45 528.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 208.16 528.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 248.65 528.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 298.45 528.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.63 528.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 337.79 528.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.94 528.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 419.33 528.10 Td (are ) Tj ET Q q 0 0 0 rg BT 433.71 528.10 Td (based ) Tj ET Q q 0 0 0 rg BT 458.65 528.10 Td (on ) Tj ET Q q 0 0 0 rg BT 470.82 528.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.43 528.10 Td (December31 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 516.10 Td (year ) Tj ET Q q 0 0 0 rg BT 102.16 516.10 Td (end. ) Tj ET Q q 0 0 0 rg BT 123.05 516.10 Td (Statutory ) Tj ET Q q 0 0 0 rg BT 163.66 516.10 Td (net ) Tj ET Q q 0 0 0 rg BT 179.83 516.10 Td (income ) Tj ET Q q 0 0 0 rg BT 213.22 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.61 516.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 270.55 516.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 301.15 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.54 516.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 352.39 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.67 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.84 516.10 Td (Company) Tj ET Q q 0 0 0 rg BT 422.50 516.10 Td (s ) Tj ET Q q 0 0 0 rg BT 430.34 516.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 462.07 516.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 492.68 516.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 504.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 130.72 504.10 Td (were ) Tj ET Q q 0 0 0 rg BT 152.65 504.10 Td (as ) Tj ET Q q 0 0 0 rg BT 163.48 504.10 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 471.60 240.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 471.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 471.60 101.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 471.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 471.60 101.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 449.60 240.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 449.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 449.60 101.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 449.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 449.60 101.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 427.60 240.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 427.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 427.60 101.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 427.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 427.60 101.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 405.60 240.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 405.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 405.60 101.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 405.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 405.60 101.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 482.6 m 425.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 482.6 m 429.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 482.6 m 530.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 471.6 m 425.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 471.6 m 530.5 471.6 l s BT /F1 4.00 Tf ET q 0 0 0 rg BT 83.00 485.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.40 485.68 Td (Subsidiary\(stateofdomicile\)\(a\)) Tj ET Q BT /F1 4.00 Tf ET q 0 0 0 rg BT 83.00 474.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.35 474.68 Td (FGLInsurance\(IA\)\(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 474.68 Td (FGLNYInsurance\(NY\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 463.68 Td (Statutory Net Income \(loss\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 452.55 Td (Year ended December31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.00 452.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.60 452.55 Td (\(53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 452.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.00 452.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 452.55 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 452.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 441.55 Td (Year ended December31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 441.55 Td (105) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 441.55 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 430.55 Td (Year ended December31, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 430.55 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 430.55 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 408.68 Td (Statutory Capital and Surplus:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 397.55 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.00 397.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.30 397.55 Td (1,239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.00 397.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 397.55 Td (59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 386.55 Td (December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.30 386.55 Td (1,212) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 386.55 Td (61) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 532.00 384.10 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.00 371.50 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 103.50 371.50 Td ( FGL) Tj ET Q q 0 0 0 rg BT 120.32 371.50 Td ( NY) Tj ET Q q 0 0 0 rg BT 133.57 371.50 Td ( Insurance is a subsidiary of FGL) Tj ET Q q 0 0 0 rg BT 239.92 371.50 Td ( Insurance, and the columns should not be added together) Tj ET Q q 0 0 0 rg BT 423.43 371.50 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 358.90 Td ( \(b\) FGL) Tj ET Q q 0 0 0 rg BT 117.64 358.90 Td ( Insurance Company re-domesticated to Iowa ef) Tj ET Q q 0 0 0 rg BT 271.22 358.90 Td (fective November 1, 2013. Prior to November 1, 2013, the Company was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 349.30 Td (domiciled in the state of Maryland.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 328.30 Td (The ) Tj ET Q q 0 0 0 rg BT 122.09 328.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 155.13 328.30 Td (of ) Tj ET Q q 0 0 0 rg BT 166.51 328.30 Td (statutory ) Tj ET Q q 0 0 0 rg BT 204.55 328.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 234.25 328.30 Td (and ) Tj ET Q q 0 0 0 rg BT 251.73 328.30 Td (surplus ) Tj ET Q q 0 0 0 rg BT 283.67 328.30 Td (necessary ) Tj ET Q q 0 0 0 rg BT 325.58 328.30 Td (to ) Tj ET Q q 0 0 0 rg BT 336.41 328.30 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 365.56 328.30 Td (the ) Tj ET Q q 0 0 0 rg BT 380.82 328.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 424.96 328.30 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 469.10 328.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 524.35 328.30 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 316.30 Td (less ) Tj ET Q q 0 0 0 rg BT 98.50 316.30 Td (than ) Tj ET Q q 0 0 0 rg BT 118.22 316.30 Td (FGL) Tj ET Q q 0 0 0 rg BT 136.74 316.30 Td ( ) Tj ET Q q 0 0 0 rg BT 139.24 316.30 Td (Insurance) Tj ET Q q 0 0 0 rg BT 180.88 316.30 Td (s ) Tj ET Q q 0 0 0 rg BT 187.27 316.30 Td (and ) Tj ET Q q 0 0 0 rg BT 204.21 316.30 Td (FGL) Tj ET Q q 0 0 0 rg BT 222.73 316.30 Td ( ) Tj ET Q q 0 0 0 rg BT 225.23 316.30 Td (NY) Tj ET Q q 0 0 0 rg BT 239.31 316.30 Td ( ) Tj ET Q q 0 0 0 rg BT 241.81 316.30 Td (Insurance) Tj ET Q q 0 0 0 rg BT 283.45 316.30 Td (s ) Tj ET Q q 0 0 0 rg BT 289.84 316.30 Td (respective ) Tj ET Q q 0 0 0 rg BT 332.88 316.30 Td (statutory ) Tj ET Q q 0 0 0 rg BT 370.37 316.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 399.52 316.30 Td (and ) Tj ET Q q 0 0 0 rg BT 416.46 316.30 Td (surplus. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 297.30 Td (Life ) Tj ET Q q 0 0 0 rg BT 123.01 297.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 164.18 297.30 Td (companies ) Tj ET Q q 0 0 0 rg BT 209.79 297.30 Td (are ) Tj ET Q q 0 0 0 rg BT 224.85 297.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 256.03 297.30 Td (to ) Tj ET Q q 0 0 0 rg BT 266.66 297.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 296.72 297.30 Td (Risk-Based ) Tj ET Q q 0 0 0 rg BT 345.68 297.30 Td (Capital ) Tj ET Q q 0 0 0 rg BT 377.41 297.30 Td (\(RBC\) ) Tj ET Q q 0 0 0 rg BT 415.81 297.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 470.87 297.30 Td (as ) Tj ET Q q 0 0 0 rg BT 482.05 297.30 Td (specified ) Tj ET Q q 0 0 0 rg BT 521.00 297.30 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 285.30 Td (the ) Tj ET Q q 0 0 0 rg BT 95.56 285.30 Td (NAIC. ) Tj ET Q q 0 0 0 rg BT 124.69 285.30 Td (The ) Tj ET Q q 0 0 0 rg BT 142.58 285.30 Td (RBC ) Tj ET Q q 0 0 0 rg BT 164.94 285.30 Td (is ) Tj ET Q q 0 0 0 rg BT 173.96 285.30 Td (used ) Tj ET Q q 0 0 0 rg BT 194.63 285.30 Td (to ) Tj ET Q q 0 0 0 rg BT 204.76 285.30 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 240.42 285.30 Td (the ) Tj ET Q q 0 0 0 rg BT 254.98 285.30 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 295.08 285.30 Td (of ) Tj ET Q q 0 0 0 rg BT 305.76 285.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 334.76 285.30 Td (and ) Tj ET Q q 0 0 0 rg BT 351.54 285.30 Td (surplus ) Tj ET Q q 0 0 0 rg BT 382.78 285.30 Td (maintained ) Tj ET Q q 0 0 0 rg BT 429.56 285.30 Td (by ) Tj ET Q q 0 0 0 rg BT 441.91 285.30 Td (an ) Tj ET Q q 0 0 0 rg BT 453.69 285.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 494.36 285.30 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 273.30 Td (in ) Tj ET Q q 0 0 0 rg BT 91.73 273.30 Td (relation ) Tj ET Q q 0 0 0 rg BT 125.22 273.30 Td (to ) Tj ET Q q 0 0 0 rg BT 135.95 273.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 157.80 273.30 Td (associated ) Tj ET Q q 0 0 0 rg BT 201.84 273.30 Td (with: ) Tj ET Q q 0 0 0 rg BT 225.35 273.30 Td (\(i\)asset ) Tj ET Q q 0 0 0 rg BT 259.68 273.30 Td (risk, ) Tj ET Q q 0 0 0 rg BT 280.13 273.30 Td (\(ii\)insurance ) Tj ET Q q 0 0 0 rg BT 336.11 273.30 Td (risk, ) Tj ET Q q 0 0 0 rg BT 356.57 273.30 Td (\(iii\)interest ) Tj ET Q q 0 0 0 rg BT 406.45 273.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 424.38 273.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 442.34 273.30 Td (and ) Tj ET Q q 0 0 0 rg BT 459.73 273.30 Td (\(iv\)business ) Tj ET Q q 0 0 0 rg BT 513.51 273.30 Td (risk. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 261.30 Td (The ) Tj ET Q q 0 0 0 rg BT 99.05 261.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.44 261.30 Td (monitors ) Tj ET Q q 0 0 0 rg BT 178.50 261.30 Td (the ) Tj ET Q q 0 0 0 rg BT 193.23 261.30 Td (RBC ) Tj ET Q q 0 0 0 rg BT 215.74 261.30 Td (of ) Tj ET Q q 0 0 0 rg BT 226.58 261.30 Td (FGLH) Tj ET Q q 0 0 0 rg BT 255.47 261.30 Td (s ) Tj ET Q q 0 0 0 rg BT 261.86 261.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 302.68 261.30 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 354.35 261.30 Td (As ) Tj ET Q q 0 0 0 rg BT 367.97 261.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.81 261.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 437.40 261.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.40 261.30 Td ( ) Tj ET Q q 0 0 0 rg BT 459.90 261.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.84 261.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.84 261.30 Td (, ) Tj ET Q q 0 0 0 rg BT 501.85 261.30 Td (each ) Tj ET Q q 0 0 0 rg BT 522.67 261.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 249.30 Td (FGLH) Tj ET Q q 0 0 0 rg BT 109.89 249.30 Td (s ) Tj ET Q q 0 0 0 rg BT 116.28 249.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 157.10 249.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 206.82 249.30 Td (had ) Tj ET Q q 0 0 0 rg BT 223.75 249.30 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 263.45 249.30 Td (the ) Tj ET Q q 0 0 0 rg BT 278.16 249.30 Td (minimum ) Tj ET Q q 0 0 0 rg BT 319.55 249.30 Td (RBC ) Tj ET Q q 0 0 0 rg BT 342.06 249.30 Td (requirements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 230.30 Td (The ) Tj ET Q q 0 0 0 rg BT 120.32 230.30 Td (Company) Tj ET Q q 0 0 0 rg BT 161.99 230.30 Td (s ) Tj ET Q q 0 0 0 rg BT 167.15 230.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 206.74 230.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 255.23 230.30 Td (are ) Tj ET Q q 0 0 0 rg BT 268.71 230.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 307.19 230.30 Td (by ) Tj ET Q q 0 0 0 rg BT 318.47 230.30 Td (state ) Tj ET Q q 0 0 0 rg BT 338.07 230.30 Td (laws ) Tj ET Q q 0 0 0 rg BT 357.67 230.30 Td (and ) Tj ET Q q 0 0 0 rg BT 373.38 230.30 Td (regulations ) Tj ET Q q 0 0 0 rg BT 419.09 230.30 Td (as ) Tj ET Q q 0 0 0 rg BT 428.70 230.30 Td (to ) Tj ET Q q 0 0 0 rg BT 437.75 230.30 Td (the ) Tj ET Q q 0 0 0 rg BT 451.24 230.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 482.51 230.30 Td (of ) Tj ET Q q 0 0 0 rg BT 492.11 230.30 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 218.30 Td (they ) Tj ET Q q 0 0 0 rg BT 100.90 218.30 Td (may ) Tj ET Q q 0 0 0 rg BT 120.80 218.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 137.93 218.30 Td (to ) Tj ET Q q 0 0 0 rg BT 148.39 218.30 Td (their ) Tj ET Q q 0 0 0 rg BT 169.40 218.30 Td (parent ) Tj ET Q q 0 0 0 rg BT 197.07 218.30 Td (without ) Tj ET Q q 0 0 0 rg BT 230.32 218.30 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 274.10 218.30 Td (approval ) Tj ET Q q 0 0 0 rg BT 311.77 218.30 Td (in ) Tj ET Q q 0 0 0 rg BT 322.23 218.30 Td (any ) Tj ET Q q 0 0 0 rg BT 339.35 218.30 Td (year) Tj ET Q q 0 0 0 rg BT 356.16 218.30 Td (, ) Tj ET Q q 0 0 0 rg BT 361.35 218.30 Td (the ) Tj ET Q q 0 0 0 rg BT 376.25 218.30 Td (purpose ) Tj ET Q q 0 0 0 rg BT 410.59 218.30 Td (of ) Tj ET Q q 0 0 0 rg BT 421.61 218.30 Td (which ) Tj ET Q q 0 0 0 rg BT 448.73 218.30 Td (is ) Tj ET Q q 0 0 0 rg BT 458.09 218.30 Td (to ) Tj ET Q q 0 0 0 rg BT 468.55 218.30 Td (protect ) Tj ET Q q 0 0 0 rg BT 499.00 218.30 Td (af) Tj ET Q q 0 0 0 rg BT 506.59 218.30 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 206.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 122.41 206.30 Td (policyholders, ) Tj ET Q q 0 0 0 rg BT 182.44 206.30 Td (depositors ) Tj ET Q q 0 0 0 rg BT 226.65 206.30 Td (or ) Tj ET Q q 0 0 0 rg BT 238.08 206.30 Td (investors. ) Tj ET Q q 0 0 0 rg BT 279.10 206.30 Td (Any ) Tj ET Q q 0 0 0 rg BT 299.42 206.30 Td (dividends ) Tj ET Q q 0 0 0 rg BT 341.40 206.30 Td (in ) Tj ET Q q 0 0 0 rg BT 352.28 206.30 Td (excess ) Tj ET Q q 0 0 0 rg BT 381.47 206.30 Td (of ) Tj ET Q q 0 0 0 rg BT 392.90 206.30 Td (limits ) Tj ET Q q 0 0 0 rg BT 418.78 206.30 Td (are ) Tj ET Q q 0 0 0 rg BT 434.08 206.30 Td (deemed ) Tj ET Q q 0 0 0 rg BT 468.27 206.30 Td (extraordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 194.30 Td (and ) Tj ET Q q 0 0 0 rg BT 97.60 194.30 Td (require ) Tj ET Q q 0 0 0 rg BT 128.07 194.30 Td (approval. ) Tj ET Q q 0 0 0 rg BT 167.71 194.30 Td (Based ) Tj ET Q q 0 0 0 rg BT 194.31 194.30 Td (on ) Tj ET Q q 0 0 0 rg BT 206.47 194.30 Td (statutory ) Tj ET Q q 0 0 0 rg BT 243.62 194.30 Td (results ) Tj ET Q q 0 0 0 rg BT 271.89 194.30 Td (as ) Tj ET Q q 0 0 0 rg BT 282.38 194.30 Td (of ) Tj ET Q q 0 0 0 rg BT 292.87 194.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 351.11 194.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 375.77 194.30 Td (in ) Tj ET Q q 0 0 0 rg BT 385.70 194.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 432.82 194.30 Td (with ) Tj ET Q q 0 0 0 rg BT 452.76 194.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 496.00 194.30 Td (dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 182.30 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 131.79 182.30 Td (the ) Tj ET Q q 0 0 0 rg BT 147.86 182.30 Td (Company) Tj ET Q q 0 0 0 rg BT 189.53 182.30 Td (s ) Tj ET Q q 0 0 0 rg BT 197.27 182.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 248.35 182.30 Td (could ) Tj ET Q q 0 0 0 rg BT 274.42 182.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 292.71 182.30 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 339.32 182.30 Td (dividends ) Tj ET Q q 0 0 0 rg BT 382.07 182.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.25 182.30 Td ($124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.25 182.30 Td ( ) Tj ET Q q 0 0 0 rg BT 418.11 182.30 Td (to ) Tj ET Q q 0 0 0 rg BT 429.74 182.30 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 459.71 182.30 Td (in ) Tj ET Q q 0 0 0 rg BT 471.35 182.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 497.70 182.30 Td (less ) Tj ET Q q 0 0 0 rg BT 516.56 182.30 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 170.30 Td (dividends ) Tj ET Q q 0 0 0 rg BT 123.43 170.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 144.20 170.30 Td (during ) Tj ET Q q 0 0 0 rg BT 173.85 170.30 Td (the ) Tj ET Q q 0 0 0 rg BT 189.62 170.30 Td (immediately ) Tj ET Q q 0 0 0 rg BT 243.15 170.30 Td (preceding ) Tj ET Q q 0 0 0 rg BT 286.12 170.30 Td (12 ) Tj ET Q q 0 0 0 rg BT 299.67 170.30 Td (month ) Tj ET Q q 0 0 0 rg BT 328.77 170.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 360.11 170.30 Td (The ) Tj ET Q q 0 0 0 rg BT 379.21 170.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 421.64 170.30 Td (did ) Tj ET Q q 0 0 0 rg BT 437.97 170.30 Td (not ) Tj ET Q q 0 0 0 rg BT 454.29 170.30 Td (declare ) Tj ET Q q 0 0 0 rg BT 486.70 170.30 Td (or ) Tj ET Q q 0 0 0 rg BT 498.58 170.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 516.56 170.30 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 158.30 Td (dividends ) Tj ET Q q 0 0 0 rg BT 122.60 158.30 Td (to ) Tj ET Q q 0 0 0 rg BT 133.10 158.30 Td (FGLH ) Tj ET Q q 0 0 0 rg BT 161.93 158.30 Td (during ) Tj ET Q q 0 0 0 rg BT 190.75 158.30 Td (the ) Tj ET Q q 0 0 0 rg BT 205.69 158.30 Td (12 ) Tj ET Q q 0 0 0 rg BT 218.40 158.30 Td (month ) Tj ET Q q 0 0 0 rg BT 246.67 158.30 Td (period ) Tj ET Q q 0 0 0 rg BT 274.94 158.30 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.53 158.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 362.01 158.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.01 158.30 Td (. ) Tj ET Q q 0 0 0 rg BT 387.03 158.30 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 431.66 158.30 Td (FGL) Tj ET Q q 0 0 0 rg BT 450.18 158.30 Td ( ) Tj ET Q q 0 0 0 rg BT 452.90 158.30 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 494.48 158.30 Td (is ) Tj ET Q q 0 0 0 rg BT 503.87 158.30 Td (able ) Tj ET Q q 0 0 0 rg BT 523.24 158.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 146.30 Td (declare ) Tj ET Q q 0 0 0 rg BT 111.18 146.30 Td (an ) Tj ET Q q 0 0 0 rg BT 121.93 146.30 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 157.12 146.30 Td (dividend ) Tj ET Q q 0 0 0 rg BT 193.43 146.30 Td (up ) Tj ET Q q 0 0 0 rg BT 204.74 146.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.83 146.30 Td ($124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.83 146.30 Td ( ) Tj ET Q q 0 0 0 rg BT 235.15 146.30 Td (with ) Tj ET Q q 0 0 0 rg BT 254.24 146.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 283.87 146.30 Td (to ) Tj ET Q q 0 0 0 rg BT 292.96 146.30 Td (its ) Tj ET Q q 0 0 0 rg BT 303.72 146.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 325.03 146.30 Td (statutory ) Tj ET Q q 0 0 0 rg BT 361.34 146.30 Td (results, ) Tj ET Q q 0 0 0 rg BT 391.26 146.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 420.90 146.30 Td (to ) Tj ET Q q 0 0 0 rg BT 429.99 146.30 Td (management) Tj ET Q q 0 0 0 rg BT 483.86 146.30 Td (s ) Tj ET Q q 0 0 0 rg BT 489.07 146.30 Td (discretion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 127.30 Td (On ) Tj ET Q q 0 0 0 rg BT 117.59 127.30 Td (November ) Tj ET Q q 0 0 0 rg BT 161.67 127.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 171.05 127.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 195.42 127.30 Td (FGL) Tj ET Q q 0 0 0 rg BT 213.94 127.30 Td ( ) Tj ET Q q 0 0 0 rg BT 215.81 127.30 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 256.55 127.30 Td (re-domesticated ) Tj ET Q q 0 0 0 rg BT 322.28 127.30 Td (from ) Tj ET Q q 0 0 0 rg BT 343.59 127.30 Td (Maryland ) Tj ET Q q 0 0 0 rg BT 384.34 127.30 Td (to ) Tj ET Q q 0 0 0 rg BT 393.99 127.30 Td (Iowa. ) Tj ET Q q 0 0 0 rg BT 417.94 127.30 Td (After ) Tj ET Q q 0 0 0 rg BT 440.91 127.30 Td (re-domestication, ) Tj ET Q q 0 0 0 rg BT 512.48 127.30 Td (FGL) Tj ET Q q 0 0 0 rg BT 531.00 127.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 115.30 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 123.26 115.30 Td (elected ) Tj ET Q q 0 0 0 rg BT 154.97 115.30 Td (to ) Tj ET Q q 0 0 0 rg BT 166.14 115.30 Td (apply ) Tj ET Q q 0 0 0 rg BT 191.75 115.30 Td (Iowa-prescribed ) Tj ET Q q 0 0 0 rg BT 260.11 115.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 307.38 115.30 Td (practices ) Tj ET Q q 0 0 0 rg BT 346.31 115.30 Td (that ) Tj ET Q q 0 0 0 rg BT 364.70 115.30 Td (permit ) Tj ET Q q 0 0 0 rg BT 394.20 115.30 Td (Iowa-domiciled ) Tj ET Q q 0 0 0 rg BT 460.90 115.30 Td (insurers ) Tj ET Q q 0 0 0 rg BT 495.96 115.30 Td (to ) Tj ET Q q 0 0 0 rg BT 507.13 115.30 Td (report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 103.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 107.46 103.30 Td (call ) Tj ET Q q 0 0 0 rg BT 123.36 103.30 Td (options ) Tj ET Q q 0 0 0 rg BT 154.28 103.30 Td (used ) Tj ET Q q 0 0 0 rg BT 174.07 103.30 Td (to ) Tj ET Q q 0 0 0 rg BT 183.32 103.30 Td (economically ) Tj ET Q q 0 0 0 rg BT 238.65 103.30 Td (hedge ) Tj ET Q q 0 0 0 rg BT 263.99 103.30 Td (FIA) Tj ET Q q 0 0 0 rg BT 279.56 103.30 Td ( ) Tj ET Q q 0 0 0 rg BT 281.02 103.30 Td (index ) Tj ET Q q 0 0 0 rg BT 304.70 103.30 Td (credits ) Tj ET Q q 0 0 0 rg BT 332.83 103.30 Td (at ) Tj ET Q q 0 0 0 rg BT 341.51 103.30 Td (amortized ) Tj ET Q q 0 0 0 rg BT 382.96 103.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 400.53 103.30 Td (for ) Tj ET Q q 0 0 0 rg BT 413.66 103.30 Td (statutory ) Tj ET Q q 0 0 0 rg BT 450.12 103.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 495.46 103.30 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 91.30 Td (and ) Tj ET Q q 0 0 0 rg BT 98.69 91.30 Td (to ) Tj ET Q q 0 0 0 rg BT 109.72 91.30 Td (calculate ) Tj ET Q q 0 0 0 rg BT 148.49 91.30 Td (FIA) Tj ET Q q 0 0 0 rg BT 164.05 91.30 Td ( ) Tj ET Q q 0 0 0 rg BT 167.30 91.30 Td (statutory ) Tj ET Q q 0 0 0 rg BT 205.55 91.30 Td (reserves ) Tj ET Q q 0 0 0 rg BT 241.56 91.30 Td (such ) Tj ET Q q 0 0 0 rg BT 263.14 91.30 Td (that ) Tj ET Q q 0 0 0 rg BT 281.38 91.30 Td (index ) Tj ET Q q 0 0 0 rg BT 306.85 91.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 332.86 91.30 Td (returns ) Tj ET Q q 0 0 0 rg BT 363.88 91.30 Td (will ) Tj ET Q q 0 0 0 rg BT 382.68 91.30 Td (be ) Tj ET Q q 0 0 0 rg BT 395.37 91.30 Td (included ) Tj ET Q q 0 0 0 rg BT 433.06 91.30 Td (in ) Tj ET Q q 0 0 0 rg BT 444.08 91.30 Td (the ) Tj ET Q q 0 0 0 rg BT 459.55 91.30 Td (reserve ) Tj ET Q q 0 0 0 rg BT 491.67 91.30 Td (only ) Tj ET Q q 0 0 0 rg BT 512.69 91.30 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 79.30 Td (crediting ) Tj ET Q q 0 0 0 rg BT 119.11 79.30 Td (to ) Tj ET Q q 0 0 0 rg BT 129.45 79.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.23 79.30 Td (annuity ) Tj ET Q q 0 0 0 rg BT 176.79 79.30 Td (contract. ) Tj ET Q q 0 0 0 rg BT 213.87 79.30 Td (This ) Tj ET Q q 0 0 0 rg BT 234.22 79.30 Td (resulted ) Tj ET Q q 0 0 0 rg BT 268.44 79.30 Td (in ) Tj ET Q q 0 0 0 rg BT 278.78 79.30 Td (an ) Tj ET Q q 0 0 0 rg BT 290.78 79.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 326.10 79.30 Td (in ) Tj ET Q q 0 0 0 rg BT 336.45 79.30 Td (statutory ) Tj ET Q q 0 0 0 rg BT 374.01 79.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 403.22 79.30 Td (and ) Tj ET Q q 0 0 0 rg BT 420.22 79.30 Td (surplus ) Tj ET Q q 0 0 0 rg BT 451.68 79.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.58 79.30 Td ($47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.58 79.30 Td ( ) Tj ET Q q 0 0 0 rg BT 480.14 79.30 Td (at ) Tj ET Q q 0 0 0 rg BT 489.92 79.30 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 67.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 96.07 67.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 118.64 67.30 Td (and ) Tj ET Q q 0 0 0 rg BT 135.66 67.30 Td (a ) Tj ET Q q 0 0 0 rg BT 142.67 67.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 179.65 67.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.55 67.30 Td ($5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.55 67.30 Td ( ) Tj ET Q q 0 0 0 rg BT 203.13 67.30 Td (at ) Tj ET Q q 0 0 0 rg BT 212.92 67.30 Td (December ) Tj ET Q q 0 0 0 rg BT 256.57 67.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 271.64 67.30 Td (2014. ) Tj ET Q q 0 0 0 rg BT 296.72 67.30 Td ( ) Tj ET Q q 0 0 0 rg BT 298.72 67.30 Td (Also, ) Tj ET Q q 0 0 0 rg BT 322.69 67.30 Td (the ) Tj ET Q q 0 0 0 rg BT 337.47 67.30 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 360.04 67.30 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 401.48 67.30 Td (Division ) Tj ET Q q 0 0 0 rg BT 438.50 67.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 471.05 67.30 Td (FGL) Tj ET Q q 0 0 0 rg BT 489.57 67.30 Td ( ) Tj ET Q q 0 0 0 rg BT 492.15 67.30 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 55.30 Td (a ) Tj ET Q q 0 0 0 rg BT 87.26 55.30 Td (permitted ) Tj ET Q q 0 0 0 rg BT 127.41 55.30 Td (statutory ) Tj ET Q q 0 0 0 rg BT 164.23 55.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 209.92 55.30 Td (practice ) Tj ET Q q 0 0 0 rg BT 243.39 55.30 Td (to ) Tj ET Q q 0 0 0 rg BT 252.99 55.30 Td (reclassify ) Tj ET Q q 0 0 0 rg BT 293.13 55.30 Td (its ) Tj ET Q q 0 0 0 rg BT 304.40 55.30 Td (negative ) Tj ET Q q 0 0 0 rg BT 340.09 55.30 Td (unassigned ) Tj ET Q q 0 0 0 rg BT 386.36 55.30 Td (surplus ) Tj ET Q q 0 0 0 rg BT 417.07 55.30 Td (balance ) Tj ET Q q 0 0 0 rg BT 449.43 55.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.58 55.30 Td ($806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.58 55.30 Td ( ) Tj ET Q q 0 0 0 rg BT 481.41 55.30 Td (to ) Tj ET Q q 0 0 0 rg BT 491.01 55.30 Td (additional ) Tj ET Q endstream endobj 343 0 obj <>] /Rotate 0 /Contents 344 0 R>> endobj 344 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 742.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 100.64 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.84 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 139.92 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 150.67 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.89 742.10 Td (April6, ) Tj ET Q q 0 0 0 rg BT 194.42 742.10 Td (201) Tj ET Q q 0 0 0 rg BT 209.05 742.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 218.97 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.61 742.10 Td (date ) Tj ET Q q 0 0 0 rg BT 252.69 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.33 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 308.64 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 345.49 742.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 364.01 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.43 742.10 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 410.22 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 437.08 742.10 Td (had ) Tj ET Q q 0 0 0 rg BT 453.95 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.59 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 476.17 742.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 493.58 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.34 742.10 Td (setting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 730.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 99.52 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.37 730.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 145.01 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 152.75 730.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 191.59 730.10 Td (unassigned ) Tj ET Q q 0 0 0 rg BT 239.88 730.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 272.62 730.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.24 730.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.45 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.29 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 317.47 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.65 730.10 Td (this ) Tj ET Q q 0 0 0 rg BT 347.94 730.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 370.67 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 390.06 730.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 435.55 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.84 730.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 496.01 730.10 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 718.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 127.94 718.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 162.64 718.10 Td (has ) Tj ET Q q 0 0 0 rg BT 179.04 718.10 Td (no ) Tj ET Q q 0 0 0 rg BT 192.10 718.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 222.38 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 235.45 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.73 718.10 Td (Company) Tj ET Q q 0 0 0 rg BT 292.39 718.10 Td (s ) Tj ET Q q 0 0 0 rg BT 299.35 718.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 355.19 718.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 395.47 718.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 442.42 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 469.92 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 485.19 718.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 523.23 718.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 706.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 128.46 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 148.74 706.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 174.86 706.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 687.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 123.52 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.45 687.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 168.10 687.10 Td (s ) Tj ET Q q 0 0 0 rg BT 174.92 687.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 212.84 687.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 249.09 687.10 Td (value ) Tj ET Q q 0 0 0 rg BT 273.67 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.93 687.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 313.41 687.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 327.45 687.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 359.80 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.95 687.10 Td (ef) Tj ET Q q 0 0 0 rg BT 382.53 687.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 400.45 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.71 687.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 452.96 687.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 491.42 687.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 519.90 687.10 Td (Re ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 675.10 Td (received ) Tj ET Q q 0 0 0 rg BT 116.71 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.34 675.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 145.96 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.03 675.10 Td (available ) Tj ET Q q 0 0 0 rg BT 197.97 675.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 229.82 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.00 675.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.29 675.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 268.68 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.87 675.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 303.48 675.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.66 675.10 Td (an ) Tj ET Q q 0 0 0 rg BT 324.95 675.10 Td (admitted ) Tj ET Q q 0 0 0 rg BT 361.80 675.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 383.09 675.10 Td (which ) Tj ET Q q 0 0 0 rg BT 409.38 675.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 448.98 675.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 476.38 675.10 Td (Re) Tj ET Q q 0 0 0 rg BT 490.27 675.10 Td (s ) Tj ET Q q 0 0 0 rg BT 496.01 675.10 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 110.42 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.64 663.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 159.30 663.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.07 663.10 Td ($220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.07 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.85 663.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.06 663.10 Td ($245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.06 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.83 663.10 Td (at ) Tj ET Q q 0 0 0 rg BT 244.82 663.10 Td (December ) Tj ET Q q 0 0 0 rg BT 288.68 663.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 303.95 663.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 326.73 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.94 663.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 369.21 663.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 416.87 663.10 Td (. ) Tj ET Q q 0 0 0 rg BT 422.15 663.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 450.47 663.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 464.35 663.10 Td (is ) Tj ET Q q 0 0 0 rg BT 473.79 663.10 Td (also ) Tj ET Q q 0 0 0 rg BT 492.67 663.10 Td (permitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 651.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.30 651.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 117.92 651.10 Td (Iowa ) Tj ET Q q 0 0 0 rg BT 139.43 651.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 182.59 651.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 219.11 651.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 264.50 651.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 297.65 651.10 Td (for ) Tj ET Q q 0 0 0 rg BT 310.83 651.10 Td (its ) Tj ET Q q 0 0 0 rg BT 321.80 651.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 356.07 651.10 Td (on ) Tj ET Q q 0 0 0 rg BT 367.59 651.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 415.19 651.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 451.15 651.10 Td (from ) Tj ET Q q 0 0 0 rg BT 472.10 651.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 490.63 651.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.14 651.10 Td (Insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 639.10 Td (which ) Tj ET Q q 0 0 0 rg BT 109.69 639.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 151.70 639.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 181.50 639.10 Td (Re) Tj ET Q q 0 0 0 rg BT 195.39 639.10 Td (s ) Tj ET Q q 0 0 0 rg BT 203.54 639.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 242.79 639.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 273.69 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.39 639.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 325.53 639.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.79 639.10 Td ($4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.79 639.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.04 639.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.74 639.10 Td ($17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.74 639.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.99 639.10 Td (at ) Tj ET Q q 0 0 0 rg BT 403.46 639.10 Td (December ) Tj ET Q q 0 0 0 rg BT 448.80 639.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 465.56 639.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 489.81 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.50 639.10 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 627.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 128.66 627.10 Td (. ) Tj ET Q q 0 0 0 rg BT 132.82 627.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.36 627.10 Td (W) Tj ET Q q 0 0 0 rg BT 143.40 627.10 Td (ithout ) Tj ET Q q 0 0 0 rg BT 168.39 627.10 Td (such ) Tj ET Q q 0 0 0 rg BT 188.38 627.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 228.37 627.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 265.02 627.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 310.55 627.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 347.75 627.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 374.95 627.10 Td (Re) Tj ET Q q 0 0 0 rg BT 388.84 627.10 Td (s ) Tj ET Q q 0 0 0 rg BT 394.39 627.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 431.05 627.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 459.36 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.46 627.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 506.01 627.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 615.10 Td (be ) Tj ET Q q 0 0 0 rg BT 93.59 615.10 Td (negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.62 615.10 Td ($14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.62 615.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.78 615.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.37 615.10 Td ($75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.37 615.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.53 615.10 Td (as ) Tj ET Q q 0 0 0 rg BT 196.01 615.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.50 615.10 Td (December ) Tj ET Q q 0 0 0 rg BT 251.74 615.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 267.40 615.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 290.55 615.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.15 615.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 333.80 615.10 Td (respectively ) Tj ET Q q 0 0 0 rg BT 385.27 615.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.86 615.10 Td (its ) Tj ET Q q 0 0 0 rg BT 415.47 615.10 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 459.72 615.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 489.53 615.10 Td (would ) Tj ET Q q 0 0 0 rg BT 517.68 615.10 Td (fall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 603.10 Td (below ) Tj ET Q q 0 0 0 rg BT 108.12 603.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.01 603.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 164.58 603.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 208.35 603.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 265.54 603.10 Td (The ) Tj ET Q q 0 0 0 rg BT 283.77 603.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 306.99 603.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.99 603.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 343.44 603.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 374.43 603.10 Td (is ) Tj ET Q q 0 0 0 rg BT 383.78 603.10 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 440.31 603.10 Td (by ) Tj ET Q q 0 0 0 rg BT 452.99 603.10 Td (NAIC ) Tj ET Q q 0 0 0 rg BT 480.11 603.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 487.79 603.10 Td (rated ) Tj ET Q q 0 0 0 rg BT 510.46 603.10 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 591.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 117.70 591.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 160.79 591.10 Td (If ) Tj ET Q q 0 0 0 rg BT 170.27 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.31 591.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 226.45 591.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 260.92 591.10 Td (was ) Tj ET Q q 0 0 0 rg BT 279.29 591.10 Td (revoked, ) Tj ET Q q 0 0 0 rg BT 316.82 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.86 591.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 355.22 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.38 591.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 391.96 591.10 Td (could ) Tj ET Q q 0 0 0 rg BT 417.00 591.10 Td (be ) Tj ET Q q 0 0 0 rg BT 429.26 591.10 Td (replaced ) Tj ET Q q 0 0 0 rg BT 465.95 591.10 Td (by ) Tj ET Q q 0 0 0 rg BT 478.77 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.81 591.10 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 579.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 106.55 579.10 Td (with ) Tj ET Q q 0 0 0 rg BT 126.54 579.10 Td (NBI) Tj ET Q q 0 0 0 rg BT 146.54 579.10 Td (s ) Tj ET Q q 0 0 0 rg BT 152.65 579.10 Td (consent. ) Tj ET Q q 0 0 0 rg BT 187.92 579.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 206.44 579.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.66 579.10 Td (Insurance) Tj ET Q q 0 0 0 rg BT 250.30 579.10 Td (s ) Tj ET Q q 0 0 0 rg BT 256.41 579.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 293.63 579.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 329.16 579.10 Td (value ) Tj ET Q q 0 0 0 rg BT 353.03 579.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.58 579.10 Td (Raven ) Tj ET Q q 0 0 0 rg BT 391.35 579.10 Td (Re ) Tj ET Q q 0 0 0 rg BT 404.67 579.10 Td (at ) Tj ET Q q 0 0 0 rg BT 414.11 579.10 Td (December ) Tj ET Q q 0 0 0 rg BT 457.41 579.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 472.13 579.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 494.35 579.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.01 579.10 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 567.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.05 567.10 Td ($210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.05 567.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.55 567.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.49 567.10 Td ($187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.49 567.10 Td (, ) Tj ET Q q 0 0 0 rg BT 163.49 567.10 Td (respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 548.10 Td (As ) Tj ET Q q 0 0 0 rg BT 120.51 548.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.24 548.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 193.72 548.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.72 548.10 Td (, ) Tj ET Q q 0 0 0 rg BT 220.62 548.10 Td (FGL) Tj ET Q q 0 0 0 rg BT 239.14 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.54 548.10 Td (NY) Tj ET Q q 0 0 0 rg BT 257.61 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.00 548.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 305.27 548.10 Td (does ) Tj ET Q q 0 0 0 rg BT 328.00 548.10 Td (not ) Tj ET Q q 0 0 0 rg BT 345.17 548.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 375.68 548.10 Td (any ) Tj ET Q q 0 0 0 rg BT 394.51 548.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 440.56 548.10 Td (or ) Tj ET Q q 0 0 0 rg BT 453.29 548.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 496.00 548.10 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 536.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 127.37 536.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 165.40 536.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.90 536.10 Td (dif) Tj ET Q q 0 0 0 rg BT 193.83 536.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 207.43 536.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.36 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.08 536.10 Td (NAIC) Tj ET Q q 0 0 0 rg BT 271.30 536.10 Td (s ) Tj ET Q q 0 0 0 rg BT 277.69 536.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 315.19 536.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 361.56 536.10 Td (practices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 515.10 Td (\(17\) Other) Tj ET Q q 0 0 0 rg BT 125.53 515.10 Td ( Liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 494.10 Td (Other liabilities consisted of the following: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 453.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 453.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 453.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 453.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 453.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 425.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 425.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 425.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 425.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 425.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 397.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 397.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 397.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 397.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 397.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 369.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 369.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 369.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 369.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 369.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 82.50 341.60 337.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 341.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 341.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 341.60 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 341.60 50.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 468.6 m 473.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 453.6 m 473.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 468.6 m 478.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 468.6 m 528.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 453.6 m 528.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 453.6 m 473.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 341.6 m 473.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 329.6 m 473.5 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 327.6 m 473.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 341.6 m 528.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 329.6 m 528.5 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 327.6 m 528.5 327.6 l s BT /F1 4.00 Tf ET q 0 0 0 rg BT 85.00 471.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.95 472.83 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 457.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.00 457.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.00 457.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 443.85 Td (Amounts payable for investment purchases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.00 443.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 443.85 Td (106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 443.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 443.85 Td (125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 429.85 Td (Retained asset account) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 429.85 Td (221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 429.85 Td (213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 415.85 Td (Option collateral liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 415.85 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 415.85 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 401.85 Td (Remittances and items not allocated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 401.85 Td (77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.30 401.85 Td (42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 387.85 Td (Amounts payable to reinsurers) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 387.85 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.30 387.85 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 373.85 Td (Accrued expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 373.85 Td (60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.30 373.85 Td (43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 359.85 Td (Deferred reinsurance revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 359.85 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.30 359.85 Td (27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 345.85 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 345.85 Td (103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.30 345.85 Td (89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.00 332.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.00 332.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 332.85 Td (746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 332.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 332.85 Td (563) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 293.10 Td (\(18\) Employee Benefit Plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.84 274.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.03 274.10 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 201.33 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.07 274.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 240.35 274.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 291.53 274.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 311.04 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.12 274.10 Td (which ) Tj ET Q q 0 0 0 rg BT 347.85 274.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 380.14 274.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 429.09 274.10 Td (may ) Tj ET Q q 0 0 0 rg BT 448.60 274.10 Td (defer ) Tj ET Q q 0 0 0 rg BT 471.44 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.17 274.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 501.02 274.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.67 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 100.45 262.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 147.10 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.77 262.10 Td (their ) Tj ET Q q 0 0 0 rg BT 180.44 262.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 213.77 262.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 275.15 262.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 306.82 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.94 262.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 366.56 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.34 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.90 262.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 442.13 262.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 471.02 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.80 262.10 Td (discretionary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 250.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 121.21 250.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 173.10 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.43 250.10 Td (up ) Tj ET Q q 0 0 0 rg BT 197.44 250.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.22 250.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.55 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.55 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.88 250.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 268.88 250.10 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 329.70 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 348.25 250.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 390.14 250.10 Td (has ) Tj ET Q q 0 0 0 rg BT 406.48 250.10 Td (also ) Tj ET Q q 0 0 0 rg BT 425.59 250.10 Td (established ) Tj ET Q q 0 0 0 rg BT 473.02 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 480.47 250.10 Td (nonqualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 238.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 113.03 238.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 163.96 238.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 183.23 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 196.93 238.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 247.85 238.10 Td (agents. ) Tj ET Q q 0 0 0 rg BT 277.80 238.10 Td (The ) Tj ET Q q 0 0 0 rg BT 295.39 238.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 336.33 238.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 363.92 238.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 418.74 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.57 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.83 238.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 462.10 238.10 Td (based ) Tj ET Q q 0 0 0 rg BT 486.91 238.10 Td (on ) Tj ET Q q 0 0 0 rg BT 498.96 238.10 Td (both ) Tj ET Q q 0 0 0 rg BT 518.79 238.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 226.10 Td (Company) Tj ET Q q 0 0 0 rg BT 122.67 226.10 Td (s ) Tj ET Q q 0 0 0 rg BT 129.56 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.99 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.21 226.10 Td (agent) Tj ET Q q 0 0 0 rg BT 186.64 226.10 Td (s ) Tj ET Q q 0 0 0 rg BT 193.54 226.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 249.56 226.10 Td (Contributions ) Tj ET Q q 0 0 0 rg BT 307.56 226.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.77 226.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 377.97 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.41 226.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 436.72 226.10 Td (annually) Tj ET Q q 0 0 0 rg BT 470.50 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 476.00 226.10 Td (Contributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 214.10 Td (char) Tj ET Q q 0 0 0 rg BT 98.03 214.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 115.01 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.33 214.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 169.53 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 183.73 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.49 214.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 239.91 214.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 272.43 214.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 323.86 214.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 350.01 214.10 Td (including ) Tj ET Q q 0 0 0 rg BT 390.33 214.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 445.07 214.10 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 484.00 214.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.97 214.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.97 214.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.02 214.10 Td ($2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 202.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.94 202.10 Td ($1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.94 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 112.94 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.10 202.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.82 202.10 Td (years ) Tj ET Q q 0 0 0 rg BT 165.41 202.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.29 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.79 202.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 252.05 202.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.05 202.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.05 202.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.05 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.55 202.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.49 202.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.49 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 341.49 202.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 389.15 202.10 Td (. ) Tj ET Q endstream endobj 345 0 obj <>] /Rotate 0 /Contents 346 0 R>> endobj 346 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.00 735.75 Td (\(19\) Quarterly Results \(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 711.75 Td (Unaudited quarterly results of operations are summarized below) Tj ET Q q 0 0 0 rg BT 337.21 711.75 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 655.25 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 655.25 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 625.25 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 625.25 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 625.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 625.25 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 625.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 625.25 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 625.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 625.25 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 595.25 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 595.25 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 595.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 595.25 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 595.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 595.25 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 595.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 595.25 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 565.25 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 565.25 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 565.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 565.25 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 565.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 565.25 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 565.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 565.25 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 535.25 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 535.25 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 535.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 535.25 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 535.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 535.25 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 535.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 535.25 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 680.25 m 346.5 680.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 680.25 m 350.5 680.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 680.25 m 402.5 680.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 680.25 m 406.5 680.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 680.25 m 456.5 680.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 680.25 m 460.5 680.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 680.25 m 530.5 680.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 655.25 m 346.5 655.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 655.25 m 402.5 655.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 655.25 m 456.5 655.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 655.25 m 530.5 655.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.95 684.48 Td (Quarter Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.60 667.48 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.00 659.48 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.75 667.48 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 659.48 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.50 667.48 Td (March 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 659.48 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 667.48 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.00 659.48 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.55 644.48 Td (\(Dollars in millions, except per share data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 629.50 Td (Premiums) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.30 629.50 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 629.50 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 629.50 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 629.50 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 614.50 Td (Net investment income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 614.50 Td (238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 614.50 Td (236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 614.50 Td (227) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 614.50 Td (222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 599.50 Td (Net realized gains \(losses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.30 599.50 Td (26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.60 599.50 Td (\(28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 599.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 599.50 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 599.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 599.50 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 584.50 Td (Insurance and investment product fees and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.30 584.50 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 584.50 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 584.50 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 584.50 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 569.50 Td (Total revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 569.50 Td (316) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 569.50 Td (261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 569.50 Td (233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 569.50 Td (329) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 554.50 Td (Total expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 554.50 Td (262) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.30 554.50 Td (240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 554.50 Td (212) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 554.50 Td (250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 539.50 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.30 539.50 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 539.50 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.30 539.50 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 539.50 Td (48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 524.50 Td (Net income per common share - basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.30 524.50 Td (0.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 524.50 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 524.50 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 524.50 Td (0.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 509.50 Td (Net income per common share - diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.30 509.50 Td (0.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 509.50 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 509.50 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 509.50 Td (0.82) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 443.25 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 443.25 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 413.25 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 413.25 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 413.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 413.25 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 413.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 413.25 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 413.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 413.25 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 383.25 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 383.25 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 383.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 383.25 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 383.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 383.25 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 383.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 383.25 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 353.25 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 353.25 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 353.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 353.25 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 353.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 353.25 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 353.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 353.25 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 323.25 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 323.25 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 323.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 323.25 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 323.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 323.25 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 323.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 323.25 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 468.25 m 347.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 468.25 m 351.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 468.25 m 396.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 468.25 m 400.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 468.25 m 456.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 468.25 m 460.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 468.25 m 530.5 468.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 443.25 m 347.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 443.25 m 396.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 443.25 m 456.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 443.25 m 530.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 443.25 m 347.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 443.25 m 396.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 443.25 m 456.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 443.25 m 530.5 443.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.45 472.48 Td (Quarter Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.60 455.48 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.00 447.48 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.25 455.48 Td (June 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.50 447.48 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.50 455.48 Td (March 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.00 447.48 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 455.48 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.00 447.48 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.05 432.48 Td (\(Dollars in millions, except per share data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 417.50 Td (Premiums) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.00 417.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 417.50 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.00 417.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 417.50 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 417.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 417.50 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.00 417.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 417.50 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 402.50 Td (Net investment income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 402.50 Td (223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 402.50 Td (212) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 402.50 Td (208) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 402.50 Td (208) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 387.50 Td (Net realized \(losses\) gains) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.60 387.50 Td (\(112) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 387.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 387.50 Td (74) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 387.50 Td (\(58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 387.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 387.50 Td (59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 372.50 Td (Insurance and investment product fees and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 372.50 Td (24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 372.50 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.30 372.50 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 372.50 Td (20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 357.50 Td (Total revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 357.50 Td (150) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 357.50 Td (326) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 357.50 Td (187) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 357.50 Td (298) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 342.50 Td (Total expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.30 342.50 Td (101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 342.50 Td (192) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 342.50 Td (193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 342.50 Td (269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 327.50 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 327.50 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 327.50 Td (86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.60 327.50 Td (\(12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 327.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 327.50 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 312.50 Td (Net income \(loss\) per common share - basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.30 312.50 Td (0.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 312.50 Td (1.48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.60 312.50 Td (\(0.21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 312.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 312.50 Td (0.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.00 297.50 Td (Net income \(loss\) per common share - diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.30 297.50 Td (0.51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 297.50 Td (1.48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.60 297.50 Td (\(0.21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 297.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 297.50 Td (0.24) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 347 0 obj <>] /Rotate 0 /Contents 348 0 R>> endobj 348 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.25 735.75 Td (Schedule I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.35 718.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 233.32 718.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 304.06 718.75 Td ( LIFE ) Tj ET Q q 0 0 0 rg BT 331.85 718.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.15 694.75 Td (Summary of Investments - Other) Tj ET Q q 0 0 0 rg BT 299.06 694.75 Td ( than Investments in Related Parties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.25 682.75 Td (September) Tj ET Q q 0 0 0 rg BT 310.17 682.75 Td (30, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.67 682.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.30 670.75 Td (\(in millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 603.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 603.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 603.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 603.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 603.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 603.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 603.25 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 579.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 579.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 579.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 579.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 579.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 579.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 579.25 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 555.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 555.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 555.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 555.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 555.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 555.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 555.25 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 531.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 531.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 531.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 531.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 531.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 531.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 531.25 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 507.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 507.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 507.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 507.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 507.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 507.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 507.25 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 488.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 488.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 488.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 488.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 488.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 488.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 488.25 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 464.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 464.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 464.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 464.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 464.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 464.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 464.25 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 440.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 440.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 440.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 440.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 440.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 440.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 440.25 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 416.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 416.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 416.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 416.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 416.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 416.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 416.25 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 392.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 392.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 392.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 392.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 392.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 392.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 392.25 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 368.25 244.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 368.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 368.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 368.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 368.25 63.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 368.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 368.25 64.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 603.25 m 396.5 603.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 603.25 m 463.5 603.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 603.25 m 531.5 603.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 507.25 m 396.5 507.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 495.25 m 396.5 495.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 507.25 m 463.5 507.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 495.25 m 463.5 495.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 507.25 m 531.5 507.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 495.25 m 531.5 495.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 416.25 m 396.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 416.25 m 463.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 416.25 m 531.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 356.25 m 396.5 356.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 345.25 m 396.5 345.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 343.25 m 396.5 343.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 356.25 m 463.5 356.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 345.25 m 463.5 345.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 343.25 m 463.5 343.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 356.25 m 531.5 356.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 345.25 m 531.5 345.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 343.25 m 531.5 343.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.50 607.48 Td (Amortized Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.65 607.48 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.65 631.48 Td (Amount at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.65 623.48 Td (which shown on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.55 615.48 Td (the balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 607.48 Td (sheet) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 595.20 Td (Fixed Maturities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 583.20 Td (Bonds:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 571.20 Td (United States Government and government agencies and authorities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.00 571.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 571.20 Td (345) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 571.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 571.20 Td (358) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.00 571.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 571.20 Td (358) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 559.20 Td (States, municipalities and political subdivisions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.30 559.20 Td (1,515) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 559.20 Td (1,717) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 559.20 Td (1,717) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 547.20 Td (Foreign governments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 547.20 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 547.20 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 547.20 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 535.20 Td (Public utilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.30 535.20 Td (1,811) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 535.20 Td (1,881) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 535.20 Td (1,881) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 523.20 Td (All other corporate bonds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 523.20 Td (14,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.30 523.20 Td (15,215) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 523.20 Td (15,215) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 511.20 Td (Redeemable preferred stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 511.20 Td (222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 511.20 Td (235) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 511.20 Td (235) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 499.33 Td ( Total fixed maturities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 499.20 Td (18,521) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.30 499.20 Td (19,411) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 499.20 Td (19,411) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 480.20 Td (Equity securities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 468.20 Td (Common stocks:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 456.20 Td (Public utilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 456.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 456.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 456.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 444.20 Td (Banks, trust, and insurance companies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 444.20 Td (104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 444.20 Td (103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 444.20 Td (103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 432.20 Td (Industrial, miscellaneous and all other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 432.20 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 432.20 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 432.20 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.00 420.20 Td (Nonredeemable preferred stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 420.20 Td (532) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 420.20 Td (577) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 420.20 Td (577) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 408.33 Td ( Total equity securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 408.20 Td (640) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 408.20 Td (683) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 408.20 Td (683) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 384.20 Td (Derivative investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 384.20 Td (221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 384.20 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 384.20 Td (276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 372.20 Td (Commercial mortgage loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 372.20 Td (595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 372.20 Td (614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 372.20 Td (595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 360.20 Td (Other long-term investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 360.20 Td (60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 360.20 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 360.20 Td (60) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 348.33 Td ( Total investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.00 348.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.30 348.20 Td (20,037) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 348.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.30 348.20 Td (21,042) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.00 348.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 348.20 Td (21,025) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.95 308.75 Td (See accompanying Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 391.94 308.75 Td (Accounting Firm.) Tj ET Q endstream endobj 349 0 obj <>] /Rotate 0 /Contents 350 0 R>> endobj 350 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-73) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.35 718.60 Td (Schedule II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.95 701.60 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 250.92 701.60 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 321.66 701.60 Td ( LIFE \(Par) Tj ET Q q 0 0 0 rg BT 368.70 701.60 Td (ent Only\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.20 680.60 Td (CONDENSED BALANCE SHEETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.30 668.60 Td (\(in millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 601.10 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 601.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 601.10 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 601.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 601.10 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 574.10 280.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 574.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 574.10 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 574.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 574.10 83.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 550.10 280.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 550.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 550.10 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 550.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 550.10 83.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 526.10 280.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 526.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 526.10 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 526.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 526.10 83.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 502.10 280.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 502.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 502.10 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 502.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 502.10 83.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 478.10 280.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 478.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 478.10 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 478.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 478.10 83.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 454.10 280.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 454.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 454.10 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 454.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 454.10 83.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 430.10 280.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 430.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 430.10 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 430.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 430.10 83.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 406.10 280.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 406.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 406.10 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 406.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 406.10 83.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 382.10 280.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 382.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 382.10 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 382.10 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 382.10 83.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 601.1 m 444.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 601.1 m 531.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 514.1 m 444.5 514.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 503.1 m 444.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 501.1 m 444.5 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 514.1 m 531.5 514.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 503.1 m 531.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 501.1 m 531.5 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 490.1 m 444.5 490.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 478.1 m 444.5 478.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 490.1 m 531.5 490.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 478.1 m 531.5 478.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 394.1 m 444.5 394.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 394.1 m 531.5 394.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 382.1 m 444.5 382.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 371.1 m 444.5 371.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 369.1 m 444.5 369.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 382.1 m 531.5 382.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 371.1 m 531.5 371.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 369.1 m 531.5 369.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.10 605.33 Td (September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.10 605.33 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.10 578.18 Td (ASSETS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 566.05 Td (Investments in consolidated subsidiaries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 566.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 566.05 Td (1,913) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.00 566.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 566.05 Td (1,464) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 554.05 Td (Fixed maturity securities, available for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 554.05 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 554.05 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 542.05 Td (Equity securities, available-for-sale, at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 542.05 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 542.05 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 530.05 Td (Cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 530.05 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 530.05 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 518.05 Td (Other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 518.05 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 518.05 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 506.18 Td (Total assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 506.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 506.05 Td (1,934) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.00 506.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 506.05 Td (1,502) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 140.75 494.18 Td (LIABILITIES AND SHAREHOLDERS' EQUITY) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 482.18 Td (Total liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 482.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 482.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 470.18 Td (Shareholders' equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 458.05 Td (Preferred stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.30 458.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 458.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 446.05 Td (Common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.30 446.05 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 446.05 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 434.05 Td (Additional paid in capital) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 434.05 Td (714) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 434.05 Td (714) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 422.05 Td (Retained earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 422.05 Td (792) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 422.05 Td (710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 410.05 Td (Accumulated other comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 410.05 Td (439) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 410.05 Td (88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 398.05 Td (Treasury stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.60 398.05 Td (\(12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.30 398.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.60 398.05 Td (\(11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 398.05 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 386.18 Td (Total shareholder's equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 386.05 Td (1,934) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 386.05 Td (1,502) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.00 374.18 Td (Total liabilities and shareholder's equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 374.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.30 374.05 Td (1,934) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.00 374.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 374.05 Td (1,502) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.95 334.60 Td (See accompanying Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 391.94 334.60 Td (Accounting Firm.) Tj ET Q endstream endobj 351 0 obj <>] /Rotate 0 /Contents 352 0 R>> endobj 352 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-74) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.35 735.75 Td (Schedule II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.10 718.75 Td (\(continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.95 684.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 250.92 684.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 321.66 684.75 Td ( LIFE \(Par) Tj ET Q q 0 0 0 rg BT 368.70 684.75 Td (ent Only\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.80 663.75 Td (CONDENSED ST) Tj ET Q q 0 0 0 rg BT 277.58 663.75 Td (A) Tj ET Q q 0 0 0 rg BT 284.06 663.75 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 327.22 663.75 Td ( OF) Tj ET Q q 0 0 0 rg BT 343.23 663.75 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 379.99 663.75 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.30 651.75 Td (\(in millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 572.25 255.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 572.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 572.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 572.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 572.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 572.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 572.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 548.25 255.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 548.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 548.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 548.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 548.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 548.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 548.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 524.25 255.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 524.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 524.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 524.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 524.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 524.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 524.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 500.25 255.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 500.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 500.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 500.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 500.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 500.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 500.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 476.25 255.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 476.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 476.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 476.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 476.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 476.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 476.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 452.25 255.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 452.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 452.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 452.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 452.25 61.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 452.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 452.25 61.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 608.25 m 401.5 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 608.25 m 405.5 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 608.25 m 466.5 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 608.25 m 470.5 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 608.25 m 531.5 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 608.25 m 401.5 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 587.25 m 401.5 587.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 608.25 m 405.5 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 608.25 m 466.5 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 587.25 m 466.5 587.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 608.25 m 470.5 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 608.25 m 531.5 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 587.25 m 531.5 587.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 560.25 m 401.5 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 548.25 m 401.5 548.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 560.25 m 466.5 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 548.25 m 466.5 548.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 560.25 m 531.5 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 548.25 m 531.5 548.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 524.25 m 401.5 524.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 512.25 m 401.5 512.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 524.25 m 466.5 524.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 512.25 m 466.5 512.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 524.25 m 531.5 524.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 512.25 m 531.5 512.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 476.25 m 401.5 476.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 464.25 m 401.5 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 476.25 m 466.5 476.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 464.25 m 466.5 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 476.25 m 531.5 476.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 464.25 m 531.5 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 452.25 m 401.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 441.25 m 401.5 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 439.25 m 401.5 439.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 452.25 m 466.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 441.25 m 466.5 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 439.25 m 466.5 439.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 452.25 m 531.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 441.25 m 531.5 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 439.25 m 531.5 439.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.95 612.48 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.50 591.48 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.50 591.48 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.50 591.48 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 564.20 Td (Revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.00 564.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 564.20 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 564.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.00 564.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 564.20 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 564.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 564.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 564.20 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 552.20 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 552.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 552.20 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 552.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 552.20 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 540.20 Td (Operating expenses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 528.20 Td (General and administrative expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 528.20 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 528.20 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 528.20 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 108.00 516.20 Td (Total operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 516.20 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 516.20 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 516.20 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.00 504.33 Td (Operating loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 504.20 Td (\(5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 504.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.60 504.20 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 504.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 504.20 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 504.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 492.20 Td (Other income:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 480.20 Td (Equity in net income of subsidiaries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.30 480.20 Td (103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 480.20 Td (133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 480.20 Td (167) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.00 468.33 Td (Income before income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.30 468.20 Td (98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 468.20 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 468.20 Td (163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 456.20 Td (Income tax expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 456.20 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 456.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 456.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.00 444.33 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.00 444.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.30 444.20 Td (97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.00 444.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 444.20 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 444.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 444.20 Td (163) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.95 404.75 Td (See accompanying Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 391.94 404.75 Td (Accounting Firm.) Tj ET Q endstream endobj 353 0 obj <>] /Rotate 0 /Contents 354 0 R>> endobj 354 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.35 735.75 Td (Schedule II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.10 718.75 Td (\(continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.95 701.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 250.92 701.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 321.66 701.75 Td ( LIFE \(Par) Tj ET Q q 0 0 0 rg BT 368.70 701.75 Td (ent Only\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.30 680.75 Td (CONDENSED ST) Tj ET Q q 0 0 0 rg BT 277.08 680.75 Td (A) Tj ET Q q 0 0 0 rg BT 283.56 680.75 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 326.72 680.75 Td ( OF) Tj ET Q q 0 0 0 rg BT 342.73 680.75 Td ( CASH FLOWS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.30 668.75 Td (\(in millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 604.25 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 604.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 604.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 604.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 604.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 604.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 604.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 578.25 243.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 578.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 578.25 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 578.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 578.25 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 578.25 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 578.25 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 544.25 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 544.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 544.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 544.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 544.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 544.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 544.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 518.25 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 518.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 518.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 518.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 518.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 518.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 518.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 492.25 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 492.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 492.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 492.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 492.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 492.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 492.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 466.25 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 466.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 466.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 466.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 466.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 466.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 466.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 440.25 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 440.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 440.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 440.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 440.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 440.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 440.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 414.25 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 414.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 414.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 414.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 414.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 414.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 414.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 388.25 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 388.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 388.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 388.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 388.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 388.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 388.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 362.25 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 362.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 362.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 362.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 362.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 362.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 362.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 336.25 243.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 336.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 336.25 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 336.25 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 639.25 m 392.5 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 639.25 m 396.5 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 639.25 m 461.5 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 639.25 m 465.5 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 639.25 m 530.5 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 639.25 m 392.5 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 619.25 m 392.5 619.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 639.25 m 396.5 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 639.25 m 461.5 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 619.25 m 461.5 619.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 639.25 m 465.5 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 639.25 m 530.5 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 619.25 m 530.5 619.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 505.25 m 392.5 505.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 492.25 m 392.5 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 505.25 m 461.5 505.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 492.25 m 461.5 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 505.25 m 530.5 505.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 492.25 m 530.5 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 453.25 m 392.5 453.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 440.25 m 392.5 440.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 453.25 m 461.5 453.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 440.25 m 461.5 440.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 453.25 m 530.5 453.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 440.25 m 530.5 440.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 375.25 m 392.5 375.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 375.25 m 461.5 375.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 375.25 m 530.5 375.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 375.25 m 392.5 375.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 362.25 m 392.5 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 375.25 m 461.5 375.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 362.25 m 461.5 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 375.25 m 530.5 375.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 362.25 m 530.5 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 336.25 m 392.5 336.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 324.25 m 392.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 322.25 m 392.5 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 336.25 m 461.5 336.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 324.25 m 461.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 322.25 m 461.5 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 336.25 m 530.5 336.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 324.25 m 530.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 322.25 m 530.5 322.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.95 643.48 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.50 623.48 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.50 623.48 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.50 623.48 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 595.48 Td (Cash flows from operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 582.50 Td ( Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 582.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 582.50 Td (97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.00 582.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.30 582.50 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.00 582.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 582.50 Td (163) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 569.48 Td (Adjustments to r) Tj ET Q q 0 0 0 rg BT 146.63 569.48 Td (econcile net income to net cash \(used in\) pr) Tj ET Q q 0 0 0 rg BT 292.69 569.48 Td (ovided ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.00 561.48 Td (by operating activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.00 548.50 Td (Realized capital and other gains on investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 548.50 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.30 548.50 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 548.50 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 548.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.00 535.50 Td (Equity in net income of subsidiaries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.60 535.50 Td (\(103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 535.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.60 535.50 Td (\(133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 535.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 535.50 Td (\(167) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 535.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.00 522.50 Td (Stock based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.60 522.50 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 522.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 522.50 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.30 522.50 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.00 509.50 Td (Other assets and other liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 509.50 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.30 509.50 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 509.50 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 509.50 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 119.00 496.48 Td (Net cash \(used in\) pr) Tj ET Q q 0 0 0 rg BT 189.52 496.48 Td (ovided by operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.60 496.50 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 496.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.30 496.50 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 496.50 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 496.50 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 483.48 Td (Cash flows from investing activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 470.50 Td (Proceeds from available-for-sale investments, sold, matured or repaid:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 470.50 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 470.50 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 470.50 Td (125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 457.50 Td (Cost of available-for-sale investments:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 457.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.60 457.50 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 457.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 457.50 Td (\(174) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 457.50 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 119.00 444.48 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 157.96 444.48 Td (ovided by \(used in\) investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 444.50 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 444.50 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 444.50 Td (\(49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 444.50 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 431.48 Td (Cash flows from financing activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 418.50 Td (Proceeds from issuance of common stock, net of transactions fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 418.50 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.30 418.50 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 418.50 Td (173) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 405.50 Td (Dividends payments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.60 405.50 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 405.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.60 405.50 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 405.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.60 405.50 Td (\(54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 405.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 392.50 Td (Treasury stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.60 392.50 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 392.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.60 392.50 Td (\(11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 392.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 392.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.00 379.50 Td (Distribution to FGLH and subsidiaries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 379.50 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.60 379.50 Td (\(50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 379.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 379.50 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 119.00 366.48 Td (Net cash \(used in\) pr) Tj ET Q q 0 0 0 rg BT 189.52 366.48 Td (ovided by financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.60 366.50 Td (\(12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 366.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.60 366.50 Td (\(74) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 366.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.30 366.50 Td (119) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.00 353.48 Td (Change in cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.60 353.50 Td (\(11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 353.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.60 353.50 Td (\(53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 353.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 353.50 Td (66) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.00 340.48 Td (Cash and cash equivalents at beginning of period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 340.50 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 340.50 Td (66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 340.50 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.00 327.48 Td (Cash and cash equivalents at end of period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 327.50 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 327.50 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 327.50 Td (66) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.95 287.75 Td (See accompanying Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 391.94 287.75 Td (Accounting Firm.) Tj ET Q endstream endobj 355 0 obj <>] /Rotate 0 /Contents 356 0 R>> endobj 356 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.45 735.75 Td (Schedule III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.35 718.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 233.32 718.75 Td ( & GUARANTY) Tj ET Q q 0 0 0 rg BT 304.06 718.75 Td ( LIFE ) Tj ET Q q 0 0 0 rg BT 331.85 718.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.20 697.75 Td (Supplementary Insurance Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.30 685.75 Td (\(in millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.00 614.25 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 614.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 614.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 614.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 614.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 614.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 614.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.00 590.25 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 590.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 590.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 590.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 590.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 590.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 590.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.00 566.25 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 566.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 566.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 566.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 566.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 566.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 566.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.00 542.25 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 542.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 542.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 542.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 542.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 542.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 542.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.00 518.25 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 518.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 518.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 518.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 518.25 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 518.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 518.25 67.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 646.25 m 388 646.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 646.25 m 392 646.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 646.25 m 459 646.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 646.25 m 463 646.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 646.25 m 530 646.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 646.25 m 388 646.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 629.25 m 388 629.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 646.25 m 392 646.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 646.25 m 459 646.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 629.25 m 459 629.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 646.25 m 463 646.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 646.25 m 530 646.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 629.25 m 530 629.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.45 650.48 Td (Year ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.00 633.48 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.00 633.48 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.00 633.48 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.50 606.20 Td (Life Insurance \(single segment\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.50 594.20 Td (Deferred acquisition costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 594.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 594.20 Td (1,007) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 594.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 594.20 Td (801) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.50 594.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 594.20 Td (456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.50 582.20 Td (Future policy benefits, losses, claims and loss expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 582.20 Td (3,467) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.80 582.20 Td (3,468) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 582.20 Td (3,504) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.50 570.20 Td (Other policy claims and benefits payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 570.20 Td (55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.80 570.20 Td (55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 570.20 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.50 558.20 Td (Premium revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 558.20 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.80 558.20 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 558.20 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.50 546.20 Td (Net investment income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 546.20 Td (923) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 546.20 Td (851) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 546.20 Td (760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.50 534.20 Td (Benefits, claims, losses and settlement expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.10 534.20 Td (\(791) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.80 534.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.10 534.20 Td (\(578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.80 534.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.10 534.20 Td (\(788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 534.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.50 522.20 Td (Amortization of deferred acquisition costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.10 522.20 Td (\(49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.80 522.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.10 522.20 Td (\(27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.80 522.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.10 522.20 Td (\(39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 522.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.50 510.20 Td (Other operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.10 510.20 Td (\(119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.80 510.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.10 510.20 Td (\(113) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.80 510.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.10 510.20 Td (\(102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 510.20 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.95 482.75 Td (See accompanying Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 391.94 482.75 Td (Accounting Firm.) Tj ET Q endstream endobj 357 0 obj <>] /Rotate 0 /Contents 358 0 R>> endobj 358 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 81.5 771.2669921875 m 152.4521484375 771.2669921875 l s q 0 0 1 rg BT 81.50 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 86.91 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 38.10 Td (F-77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.20 735.75 Td (Schedule IV) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.35 714.75 Td (FIDELITY) Tj ET Q q 0 0 0 rg BT 233.32 714.75 Td (& GUARANTY) Tj ET Q q 0 0 0 rg BT 304.06 714.75 Td ( LIFE ) Tj ET Q q 0 0 0 rg BT 331.85 714.75 Td (AND SUBSIDIARIES ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.30 698.25 Td (Reinsurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.70 686.25 Td (\(In millions\) ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 618.75 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 618.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 618.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 618.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 618.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 618.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 618.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 618.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 618.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 618.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 618.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 588.75 183.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 588.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 588.75 49.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 588.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 588.75 50.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 588.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 588.75 49.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 588.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 588.75 49.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 588.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 588.75 50.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 565.75 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 565.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 565.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 565.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 565.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 565.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 565.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 565.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 565.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 565.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 565.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 535.75 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 535.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 535.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 535.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 535.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 535.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 535.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 535.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 535.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 535.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 535.75 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 618.75 m 317.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 618.75 m 371.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 618.75 m 424.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 618.75 m 477.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 618.75 m 531.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 535.75 m 371.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 535.75 m 317.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 521.75 m 317.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 519.75 m 317.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 535.75 m 321.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 521.75 m 321.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 519.75 m 321.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 535.75 m 371.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 521.75 m 371.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 519.75 m 371.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 535.75 m 375.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 521.75 m 375.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 519.75 m 375.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 535.75 m 424.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 521.75 m 424.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 519.75 m 424.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 535.75 m 428.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 521.75 m 428.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 519.75 m 428.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 535.75 m 477.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 521.75 m 477.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 519.75 m 477.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 535.75 m 481.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 521.75 m 481.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 519.75 m 481.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 535.75 m 531.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 521.75 m 531.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 519.75 m 531.5 519.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 622.98 Td (For the year ended September 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.55 630.98 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.45 622.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.75 638.98 Td (Ceded to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.95 630.98 Td (other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.00 622.98 Td (companies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.90 638.98 Td (Assumed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.05 630.98 Td (from other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 622.98 Td (companies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.70 622.98 Td (Net Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.15 643.83 Td (Percentage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.55 635.83 Td (of amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.95 627.83 Td (assumed of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.65 619.88 Td (net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 593.00 Td (Life insurance in force) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 593.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.25 593.00 Td (3,081) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 593.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.60 593.00 Td (\(2,024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 593.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 593.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 593.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 593.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.25 593.00 Td (1,057) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 593.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 593.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 570.00 Td (Premiums and other considerations:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 555.00 Td (Traditional life insurance premiums) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 555.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 555.00 Td (261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 555.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.60 555.00 Td (\(192) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 555.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 555.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 555.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 555.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 555.00 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 555.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 555.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 540.00 Td (Annuity product charges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 540.00 Td (191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.60 540.00 Td (\(67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 540.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 540.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 540.00 Td (124) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 540.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 540.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 525.00 Td (Total premiums and other considerations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 525.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 525.00 Td (452) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 525.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.60 525.00 Td (\(259) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 525.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 525.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.30 525.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 525.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 525.00 Td (194) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 525.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 525.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 465.75 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 465.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 465.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 465.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 465.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 465.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 435.75 183.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 435.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 435.75 49.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 435.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 435.75 50.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 435.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 435.75 49.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 435.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 435.75 49.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 435.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 435.75 50.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 412.75 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 412.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 412.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 412.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 412.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 412.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 412.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 412.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 412.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 412.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 412.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 382.75 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 382.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 382.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 382.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 382.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 382.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 382.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 382.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 382.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 382.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 382.75 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 465.75 m 317.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 465.75 m 371.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 465.75 m 424.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 465.75 m 477.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 465.75 m 531.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 382.75 m 371.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 382.75 m 317.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 368.75 m 317.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 366.75 m 317.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 382.75 m 321.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 368.75 m 321.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 366.75 m 321.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 382.75 m 371.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 368.75 m 371.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 366.75 m 371.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 382.75 m 375.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 368.75 m 375.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 366.75 m 375.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 382.75 m 424.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 368.75 m 424.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 366.75 m 424.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 382.75 m 428.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 368.75 m 428.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 366.75 m 428.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 382.75 m 477.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 368.75 m 477.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 366.75 m 477.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 382.75 m 481.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 368.75 m 481.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 366.75 m 481.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 382.75 m 531.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 368.75 m 531.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 366.75 m 531.5 366.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 469.98 Td (For the year ended September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.55 477.98 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.45 469.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.75 485.98 Td (Ceded to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.95 477.98 Td (other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.00 469.98 Td (companies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.90 485.98 Td (Assumed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.05 477.98 Td (from other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 469.98 Td (companies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.70 469.98 Td (Net Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.15 490.83 Td (Percentage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.55 482.83 Td (of amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.95 474.83 Td (assumed of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.65 466.88 Td (net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 440.00 Td (Life insurance in force) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 440.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.25 440.00 Td (2,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 440.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.60 440.00 Td (\(2,010) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 440.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 440.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 440.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 440.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 440.00 Td (923) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 440.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 440.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 417.00 Td (Premiums and other considerations:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 402.00 Td (Traditional life insurance premiums) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 402.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 402.00 Td (260) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 402.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.60 402.00 Td (\(202) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 402.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 402.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 402.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 402.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 402.00 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 402.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 402.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 387.00 Td (Annuity product charges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 387.00 Td (156) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.60 387.00 Td (\(69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 387.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 387.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 387.00 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 387.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 387.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 372.00 Td (Total premiums and other considerations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 372.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 372.00 Td (416) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 372.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.60 372.00 Td (\(271) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 372.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 372.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 372.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 372.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 372.00 Td (145) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 372.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 372.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 312.75 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 312.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 312.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 312.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 312.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 312.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 312.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 312.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 312.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 312.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 312.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 282.75 183.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 282.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 282.75 49.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 282.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 282.75 50.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 282.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 282.75 49.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 282.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 282.75 49.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 282.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 282.75 50.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 259.75 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 259.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 259.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 259.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 259.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 259.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 229.75 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 229.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 229.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 229.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 229.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 229.75 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 312.75 m 317.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 312.75 m 371.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 312.75 m 424.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 312.75 m 477.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 312.75 m 531.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 229.75 m 371.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 229.75 m 317.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 215.75 m 317.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 213.75 m 317.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 229.75 m 321.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 215.75 m 321.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 213.75 m 321.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 229.75 m 371.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 215.75 m 371.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 213.75 m 371.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 229.75 m 375.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 215.75 m 375.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 213.75 m 375.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 229.75 m 424.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 215.75 m 424.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 213.75 m 424.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 229.75 m 428.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 215.75 m 428.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 213.75 m 428.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 229.75 m 477.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 215.75 m 477.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 213.75 m 477.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 229.75 m 481.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 215.75 m 481.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 213.75 m 481.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 229.75 m 531.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 215.75 m 531.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 213.75 m 531.5 213.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 84.00 316.98 Td (For the year ended September 30, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.55 324.98 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.45 316.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.75 332.98 Td (Ceded to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.95 324.98 Td (other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.00 316.98 Td (companies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.90 332.98 Td (Assumed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.05 324.98 Td (from other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 316.98 Td (companies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.70 316.98 Td (Net Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.15 337.83 Td (Percentage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.55 329.83 Td (of amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.95 321.83 Td (assumed of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.65 313.88 Td (net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 287.00 Td (Life insurance in force) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 287.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.25 287.00 Td (2,786) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 287.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.60 287.00 Td (\(2,014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 287.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 287.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 287.00 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 287.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 287.00 Td (788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.30 287.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 287.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 264.00 Td (Premiums and other considerations:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 249.00 Td (Traditional life insurance premiums) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 249.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 249.00 Td (267) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 249.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.60 249.00 Td (\(247) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 249.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 249.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 249.00 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 249.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 249.00 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 249.00 Td (65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 249.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 234.00 Td (Annuity product charges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 234.00 Td (139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.60 234.00 Td (\(73) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 234.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 234.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 234.00 Td (66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 234.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 234.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 219.00 Td (Total premiums and other considerations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 219.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 219.00 Td (406) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 219.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.60 219.00 Td (\(320) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.30 219.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.00 219.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 219.00 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 219.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 219.00 Td (122) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 219.00 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 219.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.95 191.25 Td (See accompanying Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 391.94 191.25 Td (Accounting Firm.) Tj ET Q endstream endobj 359 0 obj <> /View <>>>>> endobj 360 0 obj <> /View <>>>>> endobj 361 0 obj <> endobj 362 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;