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REPORTS ) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 196.85 518.10 Td (SECOND QUARTER 2018 RESUL) Tj ET Q q 0 0 0 rg BT 415.19 518.10 Td (TS) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 235.60 488.70 Td (Q) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 244.93 488.70 Td (2) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 251.61 488.70 Td ( net income of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 330.32 488.70 Td ($264 million) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 394.35 488.70 Td ( ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 194.55 468.30 Td (Q) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 203.88 468.30 Td (2) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 210.56 468.30 Td ( ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 213.89 468.30 Td (adjusted operating income) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 354.65 468.30 Td ( of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 371.33 468.30 Td ($290 million) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 435.36 468.30 Td ( ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 108.85 447.90 Td (Q) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 118.18 447.90 Td (2) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 124.86 447.90 Td ( ROE of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 170.87 447.90 Td (12.3%) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 204.90 447.90 Td (, Q) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 220.90 447.90 Td (2) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 227.57 447.90 Td ( Retirement Services ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 342.28 447.90 Td (adjusted operating ROE) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 470.36 447.90 Td ( of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 487.03 447.90 Td (19.8%) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 521.06 447.90 Td ( ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 157.85 427.50 Td (Q) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 167.18 427.50 Td (2) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 173.86 427.50 Td ( total new organic and inorganic deposits of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 408.00 427.50 Td ($21.8 billion) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 472.05 427.50 Td ( ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 212.60 407.10 Td (Q2 record retail deposits of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 360.00 407.10 Td ($2.0 billion) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 417.38 407.10 Td ( ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 77.95 386.70 Td (T) Tj ET Q q 0 0 0 rg BT 84.18 386.70 Td (otal investments, including related parties, increased ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 366.33 386.70 Td (25%) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 390.35 386.70 Td ( year) Tj ET Q q 0 0 0 rg BT 416.81 386.70 Td (-over) Tj ET Q q 0 0 0 rg BT 443.93 386.70 Td (-year to ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 487.95 386.70 Td ($98.7 billion) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 552.00 386.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 312.30 Td (PEMBROKE, Bermuda ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.88 312.30 Td (August2, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.15 312.30 Td ( ) Tj ET Q q 0 0 0 rg BT 258.72 312.30 Td (Athene Holding Ltd. \("Athene"\) \(NYSE: ) Tj ET Q q 0 0 0 rg BT 433.14 312.30 Td (A) Tj ET Q q 0 0 0 rg BT 439.07 312.30 Td (TH\), a leading provider of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 300.30 Td (retirement savings products, today announced financial results for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.23 300.30 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.47 300.30 Td ( quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.71 300.30 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.96 300.30 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 276.30 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.40 276.30 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.31 276.30 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.55 276.30 Td ( quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.79 276.30 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.04 276.30 Td ( was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.38 276.30 Td ($264 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.75 276.30 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.97 276.30 Td ($1.33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 276.30 Td ( per diluted Class ) Tj ET Q q 0 0 0 rg BT 445.48 276.30 Td (A) Tj ET Q q 0 0 0 rg BT 451.60 276.30 Td ( share \("diluted share"\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 264.30 Td (compared to net income for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.69 264.30 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.93 264.30 Td ( quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.17 264.30 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.42 264.30 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.32 264.30 Td ($326 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.68 264.30 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.91 264.30 Td ($1.65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.93 264.30 Td ( per diluted share. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 240.30 Td (Adjusted operating income) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 196.40 245.07 Td (1) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 200.02 245.07 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.82 240.30 Td (for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.95 240.30 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 240.30 Td ( quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.44 240.30 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.68 240.30 Td ( was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.02 240.30 Td ($290 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.39 240.30 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.61 240.30 Td ($1.48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.64 240.30 Td ( per adjusted operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 228.30 Td (share, compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.44 228.30 Td (adjusted operating income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.74 228.30 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.64 228.30 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.89 228.30 Td ( quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.13 228.30 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.38 228.30 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.27 228.30 Td ($280 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.64 228.30 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.86 228.30 Td ($1.43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.89 228.30 Td ( per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 216.30 Td (adjusted operating share. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 192.30 Td ("Our strong second quarter results continued our track record of producing consistently growing earnings and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 180.30 Td (high ROEs," said Jim Belardi, CEO of ) Tj ET Q q 0 0 0 rg BT 236.11 180.30 Td (Athene. "W) Tj ET Q q 0 0 0 rg BT 286.17 180.30 Td (e sourced $2.7 billion of organic deposits, driven by record ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 168.30 Td (retail sales of $2.0 billion. Our multi-channel distribution platform allows us to prioritize channels where we meet ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 156.30 Td (our mid-teens return targets and is consistent with our opportunistic business model. On June 1 we closed the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 144.30 Td (V) Tj ET Q q 0 0 0 rg BT 73.62 144.30 Td (oya reinsurance transaction bringing our total invested asset portfolio to approximately $100 billion, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 132.30 Td (remarkable achievement for a nine-year-old company) Tj ET Q q 0 0 0 rg BT 303.54 132.30 Td (.") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 108.30 Td ("W) Tj ET Q q 0 0 0 rg BT 80.31 108.30 Td (e have powerful organic growth engines and our inorganic pipeline is as robust as Ive ever seen. W) Tj ET Q q 0 0 0 rg BT 521.49 108.30 Td (e are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 96.30 Td (extraordinarily well positioned as a solutions provider to the financial services industry as it accelerates its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 84.30 Td (restructuring," Mr) Tj ET Q q 0 0 0 rg BT 143.29 84.30 Td (. Belardi continued.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 67.50 50.44 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 70.03 47.10 Td (This news release references certain Non-GAAP) Tj ET Q q 0 0 0 rg BT 220.86 47.10 Td ( measures. See ) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 271.83 47.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 306.19 47.10 Td ( Measures ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 340.82 47.10 Td (for additional discussion.) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.95 22.65 Td (2) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 67.50 718.75 Td (Other Highlights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 694.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 694.75 Td (Book value per share ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.78 694.75 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.14 694.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.92 694.75 Td (2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.37 694.75 Td ( year-over-year to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.07 694.75 Td ($43.10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 694.75 Td (; adjusted book value per share ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.97 694.75 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.33 694.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 682.75 Td (18%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.51 682.75 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.41 682.75 Td ($42.60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.00 682.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 664.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 664.75 Td (T) Tj ET Q q 0 0 0 rg BT 108.50 664.75 Td (otal invested assets, excluding Germany) Tj ET Q q 0 0 0 rg BT 287.29 664.75 Td (, increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.99 664.75 Td (40%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 664.75 Td ( year-over-year to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.70 664.75 Td ($98.6 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.07 664.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 646.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 646.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 150.19 646.75 Td (ALRe RBC of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.99 646.75 Td (524%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 238.57 651.52 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.18 646.75 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.42 646.75 Td (June30, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.81 646.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 628.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 628.75 Td (Estimated U.S. RBC of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.98 628.75 Td (438%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.55 628.75 Td (, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.57 628.75 Td (June30, 2018) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 610.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 610.75 Td (Ranked #2 carrier in fixed indexed annuity sales for the each of the seven quarters ended March 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 598.75 Td (2018) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 125.75 603.52 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 580.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 580.75 Td (Closed V) Tj ET Q q 0 0 0 rg BT 143.52 580.75 Td (oya reinsurance transaction on June 1, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 562.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 562.75 Td (Launched ) Tj ET Q q 0 0 0 rg BT 149.66 562.75 Td (Athene ) Tj ET Q q 0 0 0 rg BT 183.58 562.75 Td (Agility) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 210.25 567.52 Td (SM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.00 562.75 Td ( product in June 2018, which has been one of the top-illustrated products ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 550.75 Td (since launch) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 85.50 528.89 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 88.03 525.55 Td (ALRe RBC ratio is used in evaluating our capital position and the amount of capital needed to support our Retirement Services segment, and is ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 517.15 Td (calculated by applying the NAIC RBC factors to the statutory financial statements of ) Tj ET Q q 0 0 0 rg BT 345.80 517.15 Td (ALRe and its non-U.S. reinsurance subsidiary) Tj ET Q q 0 0 0 rg BT 486.91 517.15 Td (, on an aggregate basis. ) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 85.50 512.09 Td (2) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 88.03 508.75 Td (Rankings as of March 31, 2018 per LIMRA.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 487.15 Td (Second) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 89.73 487.15 Td ( Quarter Results) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 463.15 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.90 463.15 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.81 463.15 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.05 463.15 Td ( quarter was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.86 463.15 Td ($264 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.22 463.15 Td (, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.12 463.15 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.25 463.15 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 463.15 Td ($62 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.95 463.15 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.18 463.15 Td (19%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.20 463.15 Td (, from the prior year) Tj ET Q q 0 0 0 rg BT 521.89 463.15 Td (. ) Tj ET Q q 0 0 0 rg BT 527.27 463.15 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 451.15 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.14 451.15 Td ( was driven by unfavorable impacts from assumed reinsurance embedded derivatives due to growth in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 439.15 Td (reinsurance block from the V) Tj ET Q q 0 0 0 rg BT 176.73 439.15 Td (oya transaction, increases in U.S. ) Tj ET Q q 0 0 0 rg BT 328.29 439.15 Td (T) Tj ET Q q 0 0 0 rg BT 334.02 439.15 Td (reasury rates and credit spread widening. Partially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 427.15 Td (of) Tj ET Q q 0 0 0 rg BT 58.16 427.15 Td (fsetting the increase was a favorable change in FIA) Tj ET Q q 0 0 0 rg BT 284.40 427.15 Td ( derivatives due to an increase in discount rates.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 403.15 Td (Adjusted operating income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.90 403.15 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.81 403.15 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.05 403.15 Td ( quarter was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.86 403.15 Td ($290 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.22 403.15 Td (, an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.68 403.15 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.48 403.15 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.37 403.15 Td ($10 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.18 403.15 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.40 403.15 Td (4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.86 403.15 Td (, from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 391.15 Td (prior year) Tj ET Q q 0 0 0 rg BT 91.68 391.15 Td (. ) Tj ET Q q 0 0 0 rg BT 96.69 391.15 Td (Adjusted operating income, excluding notable items, was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.28 391.15 Td ($279 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.64 391.15 Td (, an increase of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.80 391.15 Td ($40 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.60 391.15 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 379.15 Td (17%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.01 379.15 Td (. Growth of adjusted operating income, excluding notable items, was driven by an increase in investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 367.15 Td (income due to invested asset growth, earnings from the V) Tj ET Q q 0 0 0 rg BT 304.58 367.15 Td (oya reinsurance transaction and increased floating rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 355.15 Td (investment income. Of) Tj ET Q q 0 0 0 rg BT 149.30 355.15 Td (fsetting this was a higher cost of crediting driven by block growth, including the addition of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 343.15 Td (V) Tj ET Q q 0 0 0 rg BT 56.12 343.15 Td (oya liabilities, as well as higher income taxes.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 317.95 Td (Deposit Highlights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 293.95 Td (In the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.80 293.95 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.04 293.95 Td ( quarter) Tj ET Q q 0 0 0 rg BT 143.96 293.95 Td (, ) Tj ET Q q 0 0 0 rg BT 148.96 293.95 Td (Athene generated deposits of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.39 293.95 Td ($21.8 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.77 293.95 Td ( including inorganic deposits, an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.86 293.95 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.66 293.95 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.55 293.95 Td (576%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.13 293.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 281.95 Td (compared to the prior year) Tj ET Q q 0 0 0 rg BT 166.73 281.95 Td (. Despite record sales in our Retail channel, organic deposits of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.66 281.95 Td ($2.7 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.47 281.95 Td ( were down ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 269.95 Td (from the prior year) Tj ET Q q 0 0 0 rg BT 131.14 269.95 Td (, largely due to unfavorable issuance spreads for insurance companies in the funding agreement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 257.95 Td (backed note market.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 233.95 Td (Retail Sales:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 109.47 233.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.25 233.95 Td (In the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.05 233.95 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.29 233.95 Td ( quarter) Tj ET Q q 0 0 0 rg BT 206.21 233.95 Td (, ) Tj ET Q q 0 0 0 rg BT 211.21 233.95 Td (Athene generated a record ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.96 233.95 Td ($2.0 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.78 233.95 Td ( of new deposits, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.60 233.95 Td (up) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.72 233.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.50 233.95 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.51 233.95 Td ( from the prior ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 221.95 Td (year driven by channel expansion and new product launches. W) Tj ET Q q 0 0 0 rg BT 333.33 221.95 Td (e continue to execute on our growth strategy to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 209.95 Td (increase penetration within the Financial Institutions channel and year-to-date we have signed 16 new relationships. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 197.95 Td (The launch of new products, including a new national fixed indexed annuity product, ) Tj ET Q q 0 0 0 rg BT 423.02 197.95 Td (Athene ) Tj ET Q q 0 0 0 rg BT 456.94 197.95 Td (Agility) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 483.62 202.72 Td (SM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.37 197.95 Td (, has increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 185.95 Td (penetration within Financial Institutions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 161.95 Td (Flow Reinsurance:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.91 161.95 Td ( In the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.48 161.95 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.73 161.95 Td ( quarter) Tj ET Q q 0 0 0 rg BT 235.64 161.95 Td (, ) Tj ET Q q 0 0 0 rg BT 240.64 161.95 Td (Athene generated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.93 161.95 Td ($473 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.30 161.95 Td ( of new deposits, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.12 161.95 Td (up) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.24 161.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.02 161.95 Td (121%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.60 161.95 Td ( from the prior ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 149.95 Td (year) Tj ET Q q 0 0 0 rg BT 68.90 149.95 Td (. Deposit growth in the quarter was driven by competitive positioning by our partners as well as the addition of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 137.95 Td (new products to current treaties. V) Tj ET Q q 0 0 0 rg BT 201.74 137.95 Td (olumes in the quarter included $25 million of annuitizations from V) Tj ET Q q 0 0 0 rg BT 493.02 137.95 Td (enerable. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 113.95 Td (Institutional:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.99 113.95 Td ( In the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.57 113.95 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.81 113.95 Td ( quarter) Tj ET Q q 0 0 0 rg BT 206.72 113.95 Td (, ) Tj ET Q q 0 0 0 rg BT 211.73 113.95 Td (Athene generated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.02 113.95 Td ($179 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.38 113.95 Td ( of new deposits from a pension risk transfer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 101.95 Td (transaction and the issuance of a funding agreement. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 77.95 Td (Inorganic: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.11 77.95 Td (Athene closed the V) Tj ET Q q 0 0 0 rg BT 190.07 77.95 Td (oya reinsurance transaction on June 1, assuming ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.75 77.95 Td ($19.1 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.13 77.95 Td ( of reserve liabilities.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.95 22.65 Td (3) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 741.00 Td (Selected Results) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 693.50 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 693.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 693.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 693.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 665.50 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 665.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 665.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 665.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.50 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 637.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 637.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 637.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 609.50 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 609.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 609.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 609.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 581.50 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 581.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 581.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 581.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 553.50 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 553.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 553.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 553.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 525.50 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 525.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 525.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 525.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.50 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 497.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 497.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 497.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 465.50 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 465.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 465.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 465.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 437.50 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 437.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 437.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 437.50 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 707.5 m 488.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 707.5 m 492.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 707.5 m 562.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 707.5 m 488.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 693.5 m 488.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 707.5 m 492.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 707.5 m 562.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 693.5 m 562.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 665.5 m 488.5 665.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 665.5 m 562.5 665.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.45 720.90 Td (As of and for the three months) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.95 711.90 Td (ended June30,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 697.90 Td (\(In millions, except percentages and per share data\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.95 697.90 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 697.90 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 683.90 Td (Organic deposits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 683.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.40 683.90 Td (2,690) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 683.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.40 683.90 Td (3,226) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 669.90 Td (Inorganic deposits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.40 669.90 Td (19,104) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 669.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 655.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 655.90 Td (otal deposits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.40 655.90 Td (21,794) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.40 655.90 Td (3,226) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 641.90 Td (Investments, including related parties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.40 641.90 Td (98,669) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 641.90 Td (78,699) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 627.90 Td (Invested assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.40 627.90 Td (98,609) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 627.90 Td (76,279) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 613.90 Td (Debt to capital ratio) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 130.54 618.19 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.40 613.90 Td (12.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 613.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 613.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 613.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 599.90 Td (Adjusted debt to capital ratio) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 166.57 604.19 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.40 599.90 Td (12.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 599.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 599.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 599.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 585.90 Td (Book value per share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 585.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.40 585.90 Td (43.10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 585.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.40 585.90 Td (42.20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 571.90 Td (Adjusted book value per share) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 174.58 576.19 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 571.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.40 571.90 Td (42.60) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 571.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.40 571.90 Td (35.95) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 558.20 Td (Common shares outstanding) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 168.06 562.49 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.40 558.20 Td (197.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.40 558.20 Td (196.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 543.90 Td (Adjusted operating common shares outstanding) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 243.62 548.19 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.40 544.20 Td (196.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.40 544.20 Td (196.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 529.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 529.90 Td (otal shareholders' equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 529.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.40 529.90 Td (8,505) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 529.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.40 529.90 Td (8,284) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 515.90 Td (Adjusted shareholders' equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.40 515.90 Td (8,367) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.40 515.90 Td (7,072) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 501.90 Td (ROE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.40 501.90 Td (12.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 501.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.40 501.90 Td (16.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 501.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 487.90 Td (Adjusted ROE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.40 487.90 Td (17.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 487.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.40 487.90 Td (16.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 487.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 473.90 Td (Adjusted operating ROE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.40 473.90 Td (14.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 473.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.40 473.90 Td (16.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 473.90 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 455.90 Td (Retirement Services) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 441.90 Td ( ) Tj ET Q q 0 0 0 rg BT 57.75 441.90 Td (Adjusted operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 441.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.90 441.90 Td (289) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 441.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.90 441.90 Td (267) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 427.90 Td ( ) Tj ET Q q 0 0 0 rg BT 57.75 427.90 Td (Adjusted operating ROE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.40 427.90 Td (19.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 427.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.40 427.90 Td (22.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 427.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 413.90 Td ( Investment margin on deferred annuities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.40 413.90 Td (2.82) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 413.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.40 413.90 Td (2.96) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 413.90 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 50.00 392.94 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.53 389.60 Td (In January 2018, we issued $1.0 billion of senior unsecured debt.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 50.00 384.54 Td (2) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.53 381.20 Td (Adjusted book value per share is calculated as the ending ) Tj ET Q q 0 0 0 rg BT 233.09 381.20 Td (AHL) Tj ET Q q 0 0 0 rg BT 246.45 381.20 Td ( adjusted shareholders' equity divided by the adjusted operating common shares outstanding.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 50.00 376.14 Td (3) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.53 372.80 Td (Represents common shares outstanding for all classes eligible to participate in dividends for each period presented. Utilized for the book value per share calculation.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 50.00 367.74 Td (4) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.53 364.40 Td (Adjusted operating common shares outstanding) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 200.79 364.40 Td ( assumes conversion or settlement of all outstanding items that are able to be converted to or settled in Class ) Tj ET Q q 0 0 0 rg BT 540.47 364.40 Td (A) Tj ET Q q 0 0 0 rg BT 544.75 364.40 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 356.00 Td (common shares, including the impacts of Class B common shares outstanding on a one-for-one basis, the impacts of all Class M common shares outstanding net of ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 347.60 Td (the conversion price and any other stock-based awards outstanding, but excluding any awards for which the exercise or conversion price exceeds the market value ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 339.20 Td (of Class ) Tj ET Q q 0 0 0 rg BT 76.84 339.20 Td (A) Tj ET Q q 0 0 0 rg BT 81.13 339.20 Td ( common shares on the applicable measurement date. Our Class B common shares are economically equivalent to Class ) Tj ET Q q 0 0 0 rg BT 458.53 339.20 Td (A) Tj ET Q q 0 0 0 rg BT 462.82 339.20 Td ( common shares and can be ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 330.80 Td (converted to Class ) Tj ET Q q 0 0 0 rg BT 109.53 330.80 Td (A) Tj ET Q q 0 0 0 rg BT 113.81 330.80 Td ( common shares on a one-for-one basis at any time. Our Class M common shares are in the legal form of shares but economically function as ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 322.40 Td (options as they are convertible into Class ) Tj ET Q q 0 0 0 rg BT 179.18 322.40 Td (A) Tj ET Q q 0 0 0 rg BT 183.46 322.40 Td ( shares after vesting and settlement of the conversion price. W) Tj ET Q q 0 0 0 rg BT 377.10 322.40 Td (e believe this non-GAAP) Tj ET Q q 0 0 0 rg BT 453.24 322.40 Td ( measure is an appropriate ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 314.00 Td (economic representation of our share counts for use in an economic view of book value metrics.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.95 22.65 Td (4) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 720.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 720.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 720.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 720.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 692.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 692.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 692.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 692.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 664.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 664.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 664.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 664.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 636.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 636.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 636.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 636.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 608.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 608.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 608.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 608.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 580.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 580.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 580.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 580.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 552.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 552.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 552.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 552.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 524.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 524.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 524.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 524.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 496.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 496.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 496.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 496.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 468.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 468.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 468.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 468.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 440.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 440.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 440.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 440.50 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 734.5 m 492.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 734.5 m 496.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 734.5 m 561.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 734.5 m 492.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 720.5 m 492.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 734.5 m 496.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 734.5 m 561.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 720.5 m 561.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 706.5 m 492.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 706.5 m 561.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 622.5 m 492.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 622.5 m 561.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 622.5 m 492.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 622.5 m 561.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 608.5 m 492.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 595.5 m 492.5 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 593.5 m 492.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 608.5 m 561.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 595.5 m 561.5 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 593.5 m 561.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 538.5 m 492.5 538.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 525.5 m 492.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 523.5 m 492.5 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 538.5 m 561.5 538.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 525.5 m 561.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 523.5 m 561.5 523.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.95 738.90 Td (Three months ended June30,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.00 724.90 Td (\(In millions, except per share data\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.45 724.90 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.45 724.90 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 710.90 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 710.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.95 710.90 Td (264) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 710.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 710.90 Td (326) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 696.90 Td (Non-operating adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 682.90 Td (Investment gains \(losses\), net of of) Tj ET Q q 0 0 0 rg BT 197.48 682.90 Td (fsets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.95 682.90 Td (\(74) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.00 682.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.95 682.90 Td (58) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 668.90 Td (Change in fair values of derivatives and embedded derivatives FIAs, net of of) Tj ET Q q 0 0 0 rg BT 372.10 668.90 Td (fsets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.95 668.90 Td (75) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.95 668.90 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 654.90 Td (Integration, restructuring and other non-operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.95 654.90 Td (\(8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.00 654.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 654.90 Td (\(1) Tj ET Q q 0 0 0 rg BT 552.95 654.90 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 654.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 640.90 Td (Stock compensation expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.95 640.90 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.00 640.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 640.90 Td (\(13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 640.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 626.90 Td (Income tax \(expense\) benefit - non-operating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.95 626.90 Td (\(17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.00 626.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.95 626.90 Td (\(3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 626.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 612.90 Td (Less: T) Tj ET Q q 0 0 0 rg BT 83.17 612.90 Td (otal non-operating adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.95 612.90 Td (\(26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.00 612.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.95 612.90 Td (46) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 598.90 Td (Adjusted operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 598.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.95 598.90 Td (290) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 598.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 598.90 Td (280) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 570.90 Td (Adjusted operating income by segment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 556.90 Td (Retirement Services) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 556.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.95 556.90 Td (289) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 556.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 556.90 Td (267) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 542.90 Td (Corporate and Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.95 542.90 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.95 542.90 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 528.90 Td (Adjusted operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 528.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.95 528.90 Td (290) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 528.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 528.90 Td (280) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 500.90 Td (Earnings per share basic) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 159.06 505.19 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 500.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.45 500.90 Td (1.34) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 500.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 500.90 Td (1.66) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 486.90 Td (Earnings per share diluted Class ) Tj ET Q q 0 0 0 rg BT 191.58 486.90 Td (A) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 197.58 491.19 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 486.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.45 486.90 Td (1.33) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 486.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 486.90 Td (1.65) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 472.90 Td (Adjusted operating earnings per share) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 204.60 477.19 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 472.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.45 472.90 Td (1.48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 472.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 472.90 Td (1.43) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 458.90 Td (W) Tj ET Q q 0 0 0 rg BT 60.33 458.90 Td (eighted average shares outstanding basic) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 234.45 463.19 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.45 458.90 Td (197.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.45 458.90 Td (195.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 444.90 Td (W) Tj ET Q q 0 0 0 rg BT 60.33 444.90 Td (eighted average shares outstanding diluted Class ) Tj ET Q q 0 0 0 rg BT 266.97 444.90 Td (A) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 272.97 449.19 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.45 444.90 Td (164.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.45 444.90 Td (109.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 430.90 Td (W) Tj ET Q q 0 0 0 rg BT 60.33 430.90 Td (eighted average shares outstanding adjusted operating) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 287.50 435.19 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.45 430.90 Td (195.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.45 430.90 Td (195.9) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 371.10 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 371.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 371.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 371.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 343.10 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 343.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 343.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 343.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 315.10 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 315.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 315.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 315.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 287.10 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 287.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 287.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 287.10 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 385.1 m 492.5 385.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 385.1 m 496.5 385.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 385.1 m 561.5 385.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 385.1 m 492.5 385.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 371.1 m 492.5 371.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 385.1 m 496.5 385.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 385.1 m 561.5 385.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 371.1 m 561.5 371.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 343.1 m 492.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 343.1 m 561.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 343.1 m 492.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 315.1 m 492.5 315.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 315.1 m 561.5 315.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 315.1 m 492.5 315.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 301.1 m 492.5 301.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 315.1 m 561.5 315.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 301.1 m 561.5 301.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 273.1 m 492.5 273.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 273.1 m 561.5 273.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 273.1 m 492.5 273.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 260.1 m 492.5 260.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 258.1 m 492.5 258.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 273.1 m 561.5 273.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 260.1 m 561.5 260.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 258.1 m 561.5 258.1 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.95 389.50 Td (Three months ended June30,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.00 375.50 Td (\(In millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.45 375.50 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.45 375.50 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 361.50 Td (Notable items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 347.50 Td (Retirement Services adjusted operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 347.50 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.95 347.50 Td (289) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 347.50 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 347.50 Td (267) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 333.50 Td (Rider reserve and DAC equity market performance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.95 333.50 Td (\(13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.00 333.50 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 333.50 Td (\(44) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 333.50 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 319.50 Td (T) Tj ET Q q 0 0 0 rg BT 62.50 319.50 Td (ax impact of notable items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.95 319.50 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 319.50 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 305.50 Td (Retirement Services notable items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.95 305.50 Td (\(1) Tj ET Q q 0 0 0 rg BT 483.95 305.50 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.00 305.50 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 305.50 Td (\(41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 305.50 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 291.50 Td (Retirement Services adjusted operating income excluding notable items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.95 291.50 Td (278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 291.50 Td (226) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 277.50 Td (Corporate and Other adjusted operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.95 277.50 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.95 277.50 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 263.50 Td (Adjusted operating income excluding notable items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 263.50 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.95 263.50 Td (279) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 263.50 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 263.50 Td (239) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 54.50 246.19 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 58.29 242.85 Td (Basic earnings per share, including basic weighted average shares outstanding includes all classes eligible to participate in dividends for each period presented.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 554.04 246.19 Td ( ) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 54.50 237.79 Td (2 ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 58.29 234.45 Td (Diluted earnings per share on a GAAP) Tj ET Q q 0 0 0 rg BT 177.24 234.45 Td ( basis for Class ) Tj ET Q q 0 0 0 rg BT 226.64 234.45 Td (A) Tj ET Q q 0 0 0 rg BT 230.93 234.45 Td ( common shares, including diluted Class ) Tj ET Q q 0 0 0 rg BT 357.77 234.45 Td (A) Tj ET Q q 0 0 0 rg BT 362.05 234.45 Td ( weighted average shares outstanding, includes the dilutive ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 226.05 Td (impacts, if any) Tj ET Q q 0 0 0 rg BT 98.72 226.05 Td (, of Class B common shares, Class M common shares and any other stock-based awards. Such dilutive securities totaled ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 476.11 226.05 Td (369,955) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 501.41 226.05 Td ( weighted average ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 217.65 Td (shares for the quarter) Tj ET Q q 0 0 0 rg BT 121.04 217.65 Td (.Diluted earnings per share on a GAAP) Tj ET Q q 0 0 0 rg BT 243.87 217.65 Td ( basis for Class ) Tj ET Q q 0 0 0 rg BT 293.28 217.65 Td (A) Tj ET Q q 0 0 0 rg BT 297.56 217.65 Td ( common shares are based on allocated net income of ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 467.99 217.65 Td ($220 million) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 505.34 217.65 Td ( \() Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 509.62 217.65 Td (83%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 523.63 217.65 Td ( of net ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 209.25 Td (income\) and ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 94.97 209.25 Td ($181 million) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 132.32 209.25 Td ( \() Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 136.60 209.25 Td (55%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.61 209.25 Td ( of net income\) for the three months ended ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 284.85 209.25 Td (June30, 2018) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 329.22 209.25 Td ( and ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 344.79 209.25 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 360.36 209.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 400.69 209.25 Td (. ) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 54.50 204.19 Td (3 ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 58.29 200.85 Td (W) Tj ET Q q 0 0 0 rg BT 64.77 200.85 Td (eighted average shares outstanding ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 178.02 200.85 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 181.92 200.85 Td ( adjusted operating) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 241.46 200.85 Td ( assumes conversion or settlement of all outstanding items that are able to be converted to or settled in ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 192.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 73.56 192.45 Td (A) Tj ET Q q 0 0 0 rg BT 77.84 192.45 Td ( common shares, including the impacts of Class B common shares on a one-for-one basis, the impacts of all Class M common shares net of the conversion ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 184.05 Td (price and any other stock-based awards, but excluding any awards for which the exercise or conversion price exceeds the market value of Class ) Tj ET Q q 0 0 0 rg BT 502.73 184.05 Td (A) Tj ET Q q 0 0 0 rg BT 507.01 184.05 Td ( common shares ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 175.65 Td (on the applicable measurement date. Our Class B common shares are economically equivalent to Class ) Tj ET Q q 0 0 0 rg BT 378.22 175.65 Td (A) Tj ET Q q 0 0 0 rg BT 382.50 175.65 Td ( common shares and can be converted to Class ) Tj ET Q q 0 0 0 rg BT 532.30 175.65 Td (A) Tj ET Q q 0 0 0 rg BT 536.59 175.65 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 167.25 Td (common shares on a one-for-one basis at any time. Our Class M common shares are in the legal form of shares but economically function as options as they are ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 158.85 Td (convertible into Class ) Tj ET Q q 0 0 0 rg BT 122.59 158.85 Td (A) Tj ET Q q 0 0 0 rg BT 126.87 158.85 Td ( shares after vesting and settlement of the conversion price. In calculating Class ) Tj ET Q q 0 0 0 rg BT 375.89 158.85 Td (A) Tj ET Q q 0 0 0 rg BT 380.17 158.85 Td ( diluted earnings per share on a GAAP) Tj ET Q q 0 0 0 rg BT 499.90 158.85 Td ( basis, we are ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 150.45 Td (required to apply sequencing rules to determine the dilutive impacts, if any) Tj ET Q q 0 0 0 rg BT 283.94 150.45 Td (, of our Class B common shares, Class M common shares and any other stock-based ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 142.05 Td (awards.) Tj ET Q q 0 0 0 rg BT 80.83 142.05 Td (T) Tj ET Q q 0 0 0 rg BT 84.33 142.05 Td (o the extent our Class B common shares, Class M common shares and/or any other stock-based awards are not dilutive they are excluded. W) Tj ET Q q 0 0 0 rg BT 523.85 142.05 Td (e believe ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 54.50 133.65 Td (this non-GAAP) Tj ET Q q 0 0 0 rg BT 100.67 133.65 Td ( measure is an appropriate economic representation of our share counts for use in an economic view of adjusted operating earnings per share.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.95 22.65 Td (5) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 741.00 Td (Segment Results) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 717.00 Td (Retirement Services ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 702.00 Td (Q) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 57.78 702.00 Td (2) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.34 702.00 Td ( Results) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 678.00 Td (In the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.80 678.00 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.04 678.00 Td ( quarter) Tj ET Q q 0 0 0 rg BT 143.96 678.00 Td (, Retirement Services ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.32 678.00 Td (adjusted operating income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.62 678.00 Td ( was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.96 678.00 Td ($289 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.32 678.00 Td (, an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.78 678.00 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.58 678.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.48 678.00 Td ($22 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.28 678.00 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 666.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.67 666.00 Td (8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.12 666.00 Td (, from the prior year) Tj ET Q q 0 0 0 rg BT 162.82 666.00 Td (. ) Tj ET Q q 0 0 0 rg BT 167.83 666.00 Td (Adjusted operating income, excluding notable items, was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.42 666.00 Td ($278 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.78 666.00 Td (, an increase of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 654.00 Td ($52 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.80 654.00 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.03 654.00 Td (23%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.04 654.00 Td (, resulting in an adjusted operating ROE of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.27 654.00 Td (19.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.62 654.00 Td (. ) Tj ET Q q 0 0 0 rg BT 360.00 654.00 Td (The increase was driven by growth in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 642.00 Td (investment income of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.27 642.00 Td ($162 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.63 642.00 Td ( resulting from invested asset growth, earnings from the V) Tj ET Q q 0 0 0 rg BT 455.75 642.00 Td (oya reinsurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 630.00 Td (transaction and an increase in floating rate investment income of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.50 630.00 Td ($26 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.30 630.00 Td (. Partially of) Tj ET Q q 0 0 0 rg BT 438.36 630.00 Td (fsetting this was a higher ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 618.00 Td (cost of crediting due to block growth, including the addition of V) Tj ET Q q 0 0 0 rg BT 329.06 618.00 Td (oya liabilities, as well as higher income tax expense.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 594.00 Td (Notable items in the current quarter included ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.55 594.00 Td ($13 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.35 594.00 Td ( of favorable rider reserves and DAC amortization due to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 582.00 Td (equity market performance, compared with a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.64 582.00 Td ($44 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.45 582.00 Td ( benefit from equity market performance and out of period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 570.00 Td (actuarial adjustments in the prior year) Tj ET Q q 0 0 0 rg BT 216.20 570.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 546.00 Td (Investment margin on deferred annuities was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.33 546.00 Td (2.82%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.68 546.00 Td (, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.58 546.00 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.72 546.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.61 546.00 Td (14 basis points) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.32 546.00 Td ( from the prior year) Tj ET Q q 0 0 0 rg BT 500.24 546.00 Td (. ) Tj ET Q q 0 0 0 rg BT 505.62 546.00 Td (The net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 534.00 Td (investment earned rate was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.62 534.00 Td (4.74%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.97 534.00 Td (, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.87 534.00 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.01 534.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.91 534.00 Td (1) Tj ET Q q 0 0 0 rg BT 277.72 534.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.29 534.00 Td ( basis points from the prior year) Tj ET Q q 0 0 0 rg BT 422.79 534.00 Td (, driven by lower new money ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 522.00 Td (rates over the past year and lower returns on the assets from the V) Tj ET Q q 0 0 0 rg BT 345.71 522.00 Td (oya reinsurance transaction. Partially of) Tj ET Q q 0 0 0 rg BT 520.62 522.00 Td (fsetting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 510.00 Td (this was $26 million, or 14 basis points, of additional floating rate investment income in the quarter) Tj ET Q q 0 0 0 rg BT 482.46 510.00 Td (. ) Tj ET Q q 0 0 0 rg BT 487.47 510.00 Td (Alternative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 498.00 Td (investments returned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.16 498.00 Td (1) Tj ET Q q 0 0 0 rg BT 150.98 498.00 Td (1.28%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.33 498.00 Td ( driven by MidCap and ) Tj ET Q q 0 0 0 rg BT 281.61 498.00 Td (AmeriHome. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 474.00 Td (Cost of crediting was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.60 474.00 Td (1.92%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.95 474.00 Td (, an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.41 474.00 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.21 474.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.10 474.00 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.66 474.00 Td ( basis points compared to the prior year) Tj ET Q q 0 0 0 rg BT 425.76 474.00 Td (. ) Tj ET Q q 0 0 0 rg BT 431.13 474.00 Td (The increase was driven ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 462.00 Td (primarily by a higher rate on the V) Tj ET Q q 0 0 0 rg BT 199.52 462.00 Td (oya reinsurance liabilities. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 438.00 Td (Corporate and Other) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 423.00 Td (Q) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 57.78 423.00 Td (2) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.34 423.00 Td ( Results) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 399.00 Td (In the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.80 399.00 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.04 399.00 Td ( quarter) Tj ET Q q 0 0 0 rg BT 143.96 399.00 Td (, Corporate and Other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.01 399.00 Td (adjusted operating income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.31 399.00 Td ( was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.65 399.00 Td ($1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.89 399.00 Td (, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.79 399.00 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.92 399.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.82 399.00 Td ($12 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.62 399.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 387.00 Td (over the prior year) Tj ET Q q 0 0 0 rg BT 130.60 387.00 Td (. ) Tj ET Q q 0 0 0 rg BT 135.97 387.00 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.98 387.00 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.12 387.00 Td ( was driven by lower alternative investment income due to a decline in the market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 375.00 Td (value of public equity positions in one of our funds and lower credit fund income.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 349.80 Td (Conference Call Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.80 Td (This press release and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.62 325.80 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.87 325.80 Td ( quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.11 325.80 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.35 325.80 Td ( financial supplement will be posted to the Company) Tj ET Q q 0 0 0 rg BT 495.08 325.80 Td (s website at ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 50 312.37421875 m 110.0341796875 312.37421875 l s q 0 0 1 rg BT 50.00 313.80 Td (ir) Tj ET Q q 0 0 1 rg BT 55.00 313.80 Td (.athene.com) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 110.03 313.80 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 289.80 Td (Athene will conduct a conference call on Friday) Tj ET Q q 0 0 0 rg BT 258.26 289.80 Td (, ) Tj ET Q q 0 0 0 rg BT 263.27 289.80 Td (August 3, 2018 at 9:00 a.m. ET) Tj ET Q q 0 0 0 rg BT 401.50 289.80 Td ( to discuss ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.52 289.80 Td (second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.77 289.80 Td ( quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.01 289.80 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.26 289.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 277.80 Td (results. ) Tj ET Q q 0 0 0 rg BT 84.46 277.80 Td (Additionally) Tj ET Q q 0 0 0 rg BT 134.86 277.80 Td (, the company will post an earnings presentation deck on the ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 406.1328125 276.37421874999995 m 466.1669921875 276.37421874999995 l s q 0 0 1 rg BT 406.13 277.80 Td (ir) Tj ET Q q 0 0 1 rg BT 411.13 277.80 Td (.athene.com) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 466.17 277.80 Td ( website prior to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 265.80 Td (call on ) Tj ET Q q 0 0 0 rg BT 81.13 265.80 Td (August 3, 2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 241.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 241.80 Td (Live conference call: ) Tj ET Q q 0 0 0 rg BT 179.76 241.80 Td (T) Tj ET Q q 0 0 0 rg BT 184.76 241.80 Td (oll-free at 1-888-317-6003 \(domestic\) or 1-412-317-6061 \(international\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 226.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 226.80 Td (Participant entry number:4128349) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 211.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 211.80 Td (Replay available through ) Tj ET Q q 0 0 0 rg BT 198.30 211.80 Td (August 17, 2018 at 1-877-344-7529 \(domestic\) or 1-412-317-0088 \(international\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 196.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 196.80 Td (Replay access code: 10122102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 181.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 181.80 Td (Live and archived webcast available at ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 259.994140625 180.37421874999995 m 320.0283203125 180.37421874999995 l s q 0 0 1 rg BT 259.99 181.80 Td (ir) Tj ET Q q 0 0 1 rg BT 264.99 181.80 Td (.athene.com) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 142.92 Td (Investor Relations Contact:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.00 142.92 Td (Media Contact:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 127.92 Td (Paige Hart) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.00 127.92 Td (Karen L) Tj ET Q q 0 0 0 rg BT 258.84 127.92 Td (ynn) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 112.92 Td (+1 441-279-8527) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.00 112.92 Td (+1 441-279-8460) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 97.92 Td (+1 310-698-4478) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.00 97.92 Td (+1 515-342-3910) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 53 81.49394531249993 m 138.2001953125 81.49394531249993 l s q 0 0 1 rg BT 53.00 82.92 Td (phart@athene.com) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 224 81.49394531249993 m 309.751953125 81.49394531249993 l s q 0 0 1 rg BT 224.00 82.92 Td (klynn@athene.com) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.95 22.65 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 741.75 Td (About ) Tj ET Q q 0 0 0 rg BT 81.28 741.75 Td (Athene Holding Ltd.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 717.75 Td (Athene, through its subsidiaries, is a leading retirement services company that issues, reinsures and acquires ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 705.75 Td (retirement savings products designed for the increasing number of individuals and institutions seeking to fund ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 693.75 Td (retirement needs. ) Tj ET Q q 0 0 0 rg BT 130.42 693.75 Td (The products of) Tj ET Q q 0 0 0 rg BT 199.72 693.75 Td (fered by ) Tj ET Q q 0 0 0 rg BT 238.08 693.75 Td (Athene include: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 669.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 669.75 Td (Retail fixed and fixed indexed annuity products; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 657.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 657.75 Td (Reinsurance arrangements with third-party annuity providers; and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 645.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 645.75 Td (Institutional products, such as funding agreements and group annuity contracts related to pension ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 633.75 Td (risk transfers. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 609.75 Td (Athene had total assets of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.41 609.75 Td ($1) Tj ET Q q 0 0 0 rg BT 178.79 609.75 Td (14.8 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.61 609.75 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.84 609.75 Td (June30, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.23 609.75 Td (. ) Tj ET Q q 0 0 0 rg BT 322.24 609.75 Td (Athene's principal subsidiaries include ) Tj ET Q q 0 0 0 rg BT 493.13 609.75 Td (Athene ) Tj ET Q q 0 0 0 rg BT 527.06 609.75 Td (Annuity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 597.75 Td (& Life ) Tj ET Q q 0 0 0 rg BT 77.80 597.75 Td (Assurance Company) Tj ET Q q 0 0 0 rg BT 169.88 597.75 Td (, a Delaware-domiciled insurance company) Tj ET Q q 0 0 0 rg BT 360.34 597.75 Td (, ) Tj ET Q q 0 0 0 rg BT 365.34 597.75 Td (Athene ) Tj ET Q q 0 0 0 rg BT 399.26 597.75 Td (Annuity and Life Company) Tj ET Q q 0 0 0 rg BT 515.82 597.75 Td (, an Iowa-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 585.75 Td (domiciled insurance company) Tj ET Q q 0 0 0 rg BT 180.99 585.75 Td (, ) Tj ET Q q 0 0 0 rg BT 186.00 585.75 Td (Athene ) Tj ET Q q 0 0 0 rg BT 219.92 585.75 Td (Annuity & Life ) Tj ET Q q 0 0 0 rg BT 283.85 585.75 Td (Assurance Company of New ) Tj ET Q q 0 0 0 rg BT 413.17 585.75 Td (Y) Tj ET Q q 0 0 0 rg BT 418.92 585.75 Td (ork, a New ) Tj ET Q q 0 0 0 rg BT 469.31 585.75 Td (Y) Tj ET Q q 0 0 0 rg BT 475.06 585.75 Td (ork-domiciled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 573.75 Td (insurance company and ) Tj ET Q q 0 0 0 rg BT 158.40 573.75 Td (Athene Life Re Ltd., a Bermuda-domiciled reinsurer) Tj ET Q q 0 0 0 rg BT 385.75 573.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 549.75 Td (Further information about our companies can be found at ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 305.1513671875 548.32421875 m 381.298828125 548.32421875 l s q 0 0 1 rg BT 305.15 549.75 Td (www) Tj ET Q q 0 0 1 rg BT 326.26 549.75 Td (.athene.com) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 381.30 549.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 525.75 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 101.48 525.75 Td ( Measures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 501.75 Td (In addition to our results presented in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 318.86 501.75 Td (, our results of operations include certain non-GAAP) Tj ET Q q 0 0 0 rg BT 549.36 501.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 489.75 Td (measures commonly used in our industry) Tj ET Q q 0 0 0 rg BT 231.56 489.75 Td (. Management believes the use of these non-GAAP) Tj ET Q q 0 0 0 rg BT 459.29 489.75 Td ( measures, together ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 477.75 Td (with the relevant GAAP) Tj ET Q q 0 0 0 rg BT 153.20 477.75 Td ( measures, provides information that may enhance an investor) Tj ET Q q 0 0 0 rg BT 429.83 477.75 Td () Tj ET Q q 0 0 0 rg BT 431.87 477.75 Td (s understanding of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 465.75 Td (results of operations and the underlying profitability drivers of our business. ) Tj ET Q q 0 0 0 rg BT 384.44 465.75 Td (The majority of these non-GAAP) Tj ET Q q 0 0 0 rg BT 528.22 465.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 453.75 Td (measures are intended to remove from the results of operations the impact of market volatility \(other than with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 441.75 Td (respect to alternative investments\) as well as integration, restructuring and certain other expenses which are not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 429.75 Td (part of our underlying profitability drivers or likely to re-occur in the foreseeable future, as such items fluctuate from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 417.75 Td (period to period in a manner inconsistent with these drivers. ) Tj ET Q q 0 0 0 rg BT 316.63 417.75 Td (These measures should be considered supplementary ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 405.75 Td (to our results in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 223.79 405.75 Td ( and should not be viewed as a substitute for the GAAP) Tj ET Q q 0 0 0 rg BT 468.76 405.75 Td ( measures. See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 393.75 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 99.09 393.75 Td ( Measure Reconciliations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.81 393.75 Td ( for the appropriate reconciliations to the GAAP) Tj ET Q q 0 0 0 rg BT 419.63 393.75 Td ( measures.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.95 Td (Adjusted operating income is a non-GAAP) Tj ET Q q 0 0 0 rg BT 237.15 370.95 Td ( measure used to evaluate our financial performance excluding market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.95 Td (volatility and expenses related to integration, restructuring, stock compensation, and other expenses. Our adjusted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.95 Td (operating income equals net income adjusted to eliminate the impact of the following \(collectively) Tj ET Q q 0 0 0 rg BT 477.27 346.95 Td (, the non-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.95 Td (operating adjustments\):) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 310.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 310.95 Td (Investment ) Tj ET Q q 0 0 0 rg BT 155.69 310.95 Td (Gains ) Tj ET Q q 0 0 0 rg BT 184.59 310.95 Td (\(Losses\), ) Tj ET Q q 0 0 0 rg BT 228.49 310.95 Td (Net ) Tj ET Q q 0 0 0 rg BT 246.83 310.95 Td (of ) Tj ET Q q 0 0 0 rg BT 257.95 310.95 Td (Of) Tj ET Q q 0 0 0 rg BT 268.33 310.95 Td (fsets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 298.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 298.95 Td (Change ) Tj ET Q q 0 0 0 rg BT 141.81 298.95 Td (in ) Tj ET Q q 0 0 0 rg BT 152.37 298.95 Td (Fair ) Tj ET Q q 0 0 0 rg BT 172.37 298.95 Td (V) Tj ET Q q 0 0 0 rg BT 178.30 298.95 Td (alues ) Tj ET Q q 0 0 0 rg BT 204.98 298.95 Td (of ) Tj ET Q q 0 0 0 rg BT 216.10 298.95 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 268.34 298.95 Td (and ) Tj ET Q q 0 0 0 rg BT 287.80 298.95 Td (Embedded ) Tj ET Q q 0 0 0 rg BT 338.95 298.95 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 391.18 298.95 Td ( ) Tj ET Q q 0 0 0 rg BT 399.52 298.95 Td (FIAs, ) Tj ET Q q 0 0 0 rg BT 425.64 298.95 Td (Net ) Tj ET Q q 0 0 0 rg BT 443.98 298.95 Td (of ) Tj ET Q q 0 0 0 rg BT 455.09 298.95 Td (Of) Tj ET Q q 0 0 0 rg BT 465.47 298.95 Td (fsets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 286.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 286.95 Td (Integration, ) Tj ET Q q 0 0 0 rg BT 156.81 286.95 Td (Restructuring, ) Tj ET Q q 0 0 0 rg BT 221.84 286.95 Td (and ) Tj ET Q q 0 0 0 rg BT 241.30 286.95 Td (Other ) Tj ET Q q 0 0 0 rg BT 269.09 286.95 Td (Non-operating ) Tj ET Q q 0 0 0 rg BT 335.24 286.95 Td (Expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 274.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 274.95 Td (Stock ) Tj ET Q q 0 0 0 rg BT 131.79 274.95 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 199.05 274.95 Td (Expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 262.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 262.95 Td (Bargain ) Tj ET Q q 0 0 0 rg BT 141.25 262.95 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 186.27 262.95 Td (Gain) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 250.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 250.95 Td (Income ) Tj ET Q q 0 0 0 rg BT 139.39 250.95 Td (T) Tj ET Q q 0 0 0 rg BT 144.39 250.95 Td (ax ) Tj ET Q q 0 0 0 rg BT 157.73 250.95 Td (\(Expense\) ) Tj ET Q q 0 0 0 rg BT 206.08 250.95 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 240.00 250.95 Td ( ) Tj ET Q q 0 0 0 rg BT 248.34 250.95 Td (Non-operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 228.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.26 228.15 Td (e ) Tj ET Q q 0 0 0 rg BT 67.28 228.15 Td (consider ) Tj ET Q q 0 0 0 rg BT 107.54 228.15 Td (these ) Tj ET Q q 0 0 0 rg BT 134.46 228.15 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 198.63 228.15 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 255.01 228.15 Td (to ) Tj ET Q q 0 0 0 rg BT 265.81 228.15 Td (be ) Tj ET Q q 0 0 0 rg BT 279.39 228.15 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 330.77 228.15 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 387.15 228.15 Td (to ) Tj ET Q q 0 0 0 rg BT 397.94 228.15 Td (net ) Tj ET Q q 0 0 0 rg BT 414.31 228.15 Td (income ) Tj ET Q q 0 0 0 rg BT 449.00 228.15 Td (for ) Tj ET Q q 0 0 0 rg BT 463.13 228.15 Td (the ) Tj ET Q q 0 0 0 rg BT 479.49 228.15 Td (reasons ) Tj ET Q q 0 0 0 rg BT 517.53 228.15 Td (discussed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 216.15 Td (in ) Tj ET Q q 0 0 0 rg BT 60.18 216.15 Td (greater ) Tj ET Q q 0 0 0 rg BT 94.26 216.15 Td (detail ) Tj ET Q q 0 0 0 rg BT 120.56 216.15 Td (above. ) Tj ET Q q 0 0 0 rg BT 152.51 216.15 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 203.46 216.15 Td (, ) Tj ET Q q 0 0 0 rg BT 208.63 216.15 Td (we ) Tj ET Q q 0 0 0 rg BT 223.81 216.15 Td (believe ) Tj ET Q q 0 0 0 rg BT 257.90 216.15 Td (using ) Tj ET Q q 0 0 0 rg BT 284.20 216.15 Td (a ) Tj ET Q q 0 0 0 rg BT 292.16 216.15 Td (measure ) Tj ET Q q 0 0 0 rg BT 333.46 216.15 Td (which ) Tj ET Q q 0 0 0 rg BT 361.43 216.15 Td (excludes ) Tj ET Q q 0 0 0 rg BT 403.29 216.15 Td (the ) Tj ET Q q 0 0 0 rg BT 419.59 216.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 451.44 216.15 Td (of ) Tj ET Q q 0 0 0 rg BT 462.18 216.15 Td (these ) Tj ET Q q 0 0 0 rg BT 489.04 216.15 Td (items ) Tj ET Q q 0 0 0 rg BT 515.33 216.15 Td (is ) Tj ET Q q 0 0 0 rg BT 524.94 216.15 Td (ef) Tj ET Q q 0 0 0 rg BT 533.10 216.15 Td (fective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 204.15 Td (in ) Tj ET Q q 0 0 0 rg BT 60.51 204.15 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 105.49 204.15 Td (the ) Tj ET Q q 0 0 0 rg BT 122.11 204.15 Td (trends ) Tj ET Q q 0 0 0 rg BT 152.63 204.15 Td (in ) Tj ET Q q 0 0 0 rg BT 163.14 204.15 Td (our ) Tj ET Q q 0 0 0 rg BT 180.32 204.15 Td (results ) Tj ET Q q 0 0 0 rg BT 212.50 204.15 Td (of ) Tj ET Q q 0 0 0 rg BT 223.56 204.15 Td (operations. ) Tj ET Q q 0 0 0 rg BT 275.59 204.15 Td (T) Tj ET Q q 0 0 0 rg BT 280.59 204.15 Td (ogether ) Tj ET Q q 0 0 0 rg BT 317.23 204.15 Td (with ) Tj ET Q q 0 0 0 rg BT 337.74 204.15 Td (net ) Tj ET Q q 0 0 0 rg BT 354.37 204.15 Td (income, ) Tj ET Q q 0 0 0 rg BT 392.11 204.15 Td (we ) Tj ET Q q 0 0 0 rg BT 407.61 204.15 Td (believe ) Tj ET Q q 0 0 0 rg BT 442.03 204.15 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 482.56 204.15 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.99 204.15 Td (income, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 192.15 Td (provides ) Tj ET Q q 0 0 0 rg BT 89.95 192.15 Td (a ) Tj ET Q q 0 0 0 rg BT 97.66 192.15 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 148.73 192.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.58 192.15 Td (metric ) Tj ET Q q 0 0 0 rg BT 216.95 192.15 Td (that ) Tj ET Q q 0 0 0 rg BT 235.78 192.15 Td (helps ) Tj ET Q q 0 0 0 rg BT 261.84 192.15 Td (investors ) Tj ET Q q 0 0 0 rg BT 304.00 192.15 Td (understand ) Tj ET Q q 0 0 0 rg BT 356.19 192.15 Td (our ) Tj ET Q q 0 0 0 rg BT 372.80 192.15 Td (underlying ) Tj ET Q q 0 0 0 rg BT 421.09 192.15 Td (results ) Tj ET Q q 0 0 0 rg BT 452.70 192.15 Td (and ) Tj ET Q q 0 0 0 rg BT 471.53 192.15 Td (profitability) Tj ET Q q 0 0 0 rg BT 518.59 192.15 Td (. ) Tj ET Q q 0 0 0 rg BT 523.09 192.15 Td (Adjusted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 180.15 Td (operating ) Tj ET Q q 0 0 0 rg BT 94.48 180.15 Td (income ) Tj ET Q q 0 0 0 rg BT 129.49 180.15 Td (should ) Tj ET Q q 0 0 0 rg BT 161.74 180.15 Td (not ) Tj ET Q q 0 0 0 rg BT 178.42 180.15 Td (be ) Tj ET Q q 0 0 0 rg BT 192.32 180.15 Td (used ) Tj ET Q q 0 0 0 rg BT 216.78 180.15 Td (as ) Tj ET Q q 0 0 0 rg BT 230.12 180.15 Td (a ) Tj ET Q q 0 0 0 rg BT 238.46 180.15 Td (substitute ) Tj ET Q q 0 0 0 rg BT 284.04 180.15 Td (for ) Tj ET Q q 0 0 0 rg BT 298.49 180.15 Td (net ) Tj ET Q q 0 0 0 rg BT 315.17 180.15 Td (income.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 157.35 Td (Adjusted ROE, adjusted operating ROE and adjusted net income are non-GAAP) Tj ET Q q 0 0 0 rg BT 405.03 157.35 Td ( measures used to evaluate our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 145.35 Td (financial performance excluding the impacts of ) Tj ET Q q 0 0 0 rg BT 257.89 145.35 Td (AOCI and funds withheld and modco reinsurance unrealized gains ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 133.35 Td (and losses, in each case net of DAC, DSI, rider reserve and tax of) Tj ET Q q 0 0 0 rg BT 341.63 133.35 Td (fsets. ) Tj ET Q q 0 0 0 rg BT 367.75 133.35 Td (Adjusted ROE is calculated as adjusted net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 121.35 Td (income, divided by adjusted shareholders) Tj ET Q q 0 0 0 rg BT 235.85 121.35 Td ( equity) Tj ET Q q 0 0 0 rg BT 264.57 121.35 Td (. ) Tj ET Q q 0 0 0 rg BT 269.58 121.35 Td (Adjusted shareholders) Tj ET Q q 0 0 0 rg BT 370.93 121.35 Td ( equity is calculated as the ending ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 109.35 Td (shareholders) Tj ET Q q 0 0 0 rg BT 109.66 109.35 Td ( equity excluding ) Tj ET Q q 0 0 0 rg BT 186.38 109.35 Td (AOCI and funds withheld and modco reinsurance unrealized gains and losses. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 97.35 Td (Adjusted operating ROE is calculated as the adjusted operating income, divided by adjusted shareholders) Tj ET Q q 0 0 0 rg BT 519.36 97.35 Td ( equity) Tj ET Q q 0 0 0 rg BT 548.08 97.35 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 85.35 Td (Adjusted net income is calculated as net income excluding funds withheld and modco reinsurance unrealized gains ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 73.35 Td (and losses, net of DAC, DSI, rider reserve and tax of) Tj ET Q q 0 0 0 rg BT 282.71 73.35 Td (fsets. ) Tj ET Q q 0 0 0 rg BT 309.20 73.35 Td (These adjustments fluctuate period to period in a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 61.35 Td (manner inconsistent with our underlying profitability drivers as the majority of such fluctuation is related to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 49.35 Td (market volatility of the unrealized gains and losses associated with our ) Tj ET Q q 0 0 0 rg BT 363.50 49.35 Td (AFS securities. Once we have reinvested ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.95 22.65 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 741.75 Td (acquired blocks of businesses, we typically buy and hold ) Tj ET Q q 0 0 0 rg BT 302.37 741.75 Td (AFS investments to maturity throughout the duration of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 729.75 Td (market fluctuations, therefore, the period-over-period impacts in unrealized gains and losses are not necessarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 717.75 Td (indicative of current adjusted operating fundamentals or future performance. ) Tj ET Q q 0 0 0 rg BT 388.53 717.75 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 439.48 717.75 Td (, we believe using ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 705.75 Td (measures which exclude ) Tj ET Q q 0 0 0 rg BT 161.72 705.75 Td (AOCI and funds withheld and modco reinsurance unrealized gains and losses are useful ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 693.75 Td (in analyzing trends in our operating results. ) Tj ET Q q 0 0 0 rg BT 243.26 693.75 Td (T) Tj ET Q q 0 0 0 rg BT 248.26 693.75 Td (o enhance the ability to analyze these measures across periods, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 681.75 Td (interim periods are annualized. ) Tj ET Q q 0 0 0 rg BT 188.97 681.75 Td (Adjusted ROE, adjusted operating ROE and adjusted net income should not be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 669.75 Td (used as a substitute for ROE and net income. However) Tj ET Q q 0 0 0 rg BT 293.46 669.75 Td (, we believe the adjustments to equity are significant to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 657.75 Td (gaining an understanding of our overall results of operations.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.95 Td (Adjusted operating earnings per share, weighted average shares outstanding adjusted operating and adjusted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.95 Td (book value per share are non-GAAP) Tj ET Q q 0 0 0 rg BT 211.03 622.95 Td ( measures used to evaluate our financial performance and financial condition. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.95 Td (The non-GAAP) Tj ET Q q 0 0 0 rg BT 117.63 610.95 Td ( measures adjust the number of shares included in the corresponding GAAP) Tj ET Q q 0 0 0 rg BT 454.86 610.95 Td ( measures to reflect the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.95 Td (conversion or settlement of all shares and other stock-based awards outstanding. W) Tj ET Q q 0 0 0 rg BT 421.68 598.95 Td (e believe using these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.95 Td (measures represents an economic view of our share counts and provides a simplified and consistent view of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.95 Td (outstanding shares. ) Tj ET Q q 0 0 0 rg BT 139.51 574.95 Td (Adjusted operating earnings per share is calculated as the adjusted operating income, over the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.95 Td (weighted average shares outstanding adjusted operating. ) Tj ET Q q 0 0 0 rg BT 314.63 562.95 Td (Adjusted book value per share is calculated as the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.95 Td (adjusted shareholders) Tj ET Q q 0 0 0 rg BT 150.25 550.95 Td ( equity divided by the adjusted operating common shares outstanding. Our Class B common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.95 Td (shares are economically equivalent to Class ) Tj ET Q q 0 0 0 rg BT 247.32 538.95 Td (A) Tj ET Q q 0 0 0 rg BT 253.44 538.95 Td ( common shares and can be converted to Class ) Tj ET Q q 0 0 0 rg BT 467.45 538.95 Td (A) Tj ET Q q 0 0 0 rg BT 473.56 538.95 Td ( common shares on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.95 Td (a one-for-one basis at any time. Our Class M common shares are in the legal form of shares but economically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.95 Td (function as options as they are convertible into Class ) Tj ET Q q 0 0 0 rg BT 285.69 514.95 Td (A) Tj ET Q q 0 0 0 rg BT 291.81 514.95 Td ( shares after vesting and payment of the conversion price. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.95 Td (calculating Class ) Tj ET Q q 0 0 0 rg BT 127.26 502.95 Td (A) Tj ET Q q 0 0 0 rg BT 133.38 502.95 Td ( diluted earnings per share on a GAAP) Tj ET Q q 0 0 0 rg BT 304.41 502.95 Td ( basis, we are required to apply sequencing rules to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.95 Td (determine the dilutive impacts, if any) Tj ET Q q 0 0 0 rg BT 211.00 490.95 Td (, of our Class B common shares, Class M common shares and any other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.95 Td (stock-based awards. ) Tj ET Q q 0 0 0 rg BT 144.31 478.95 Td (T) Tj ET Q q 0 0 0 rg BT 149.31 478.95 Td (o the extent our Class B common shares, Class M common shares and/or any other stock-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.95 Td (based awards are not dilutive they are excluded. W) Tj ET Q q 0 0 0 rg BT 276.61 466.95 Td (eighted average shares outstanding adjusted operating and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.95 Td (adjusted operating common shares outstanding assume conversion or settlement of all outstanding items that are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.95 Td (able to be converted to or settled in Class ) Tj ET Q q 0 0 0 rg BT 236.22 442.95 Td (A) Tj ET Q q 0 0 0 rg BT 242.34 442.95 Td ( common shares, including the impacts of Class B common shares on a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.95 Td (one-for-one basis, the impacts of all Class M common shares net of the conversion price and any other stock-based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.95 Td (awards, but excluding any awards for which the exercise or conversion price exceeds the market value of our Class ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.95 Td (A) Tj ET Q q 0 0 0 rg BT 56.12 406.95 Td ( common shares on the applicable measurement date. For certain historical periods, Class M shares were not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.95 Td (included due to issuance restrictions which were contingent upon our IPO. ) Tj ET Q q 0 0 0 rg BT 380.19 394.95 Td (Adjusted operating earnings per share, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.95 Td (weighted average shares outstanding adjusted operating and adjusted book value per share should not be used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.95 Td (as a substitute for basic earnings per share Class ) Tj ET Q q 0 0 0 rg BT 279.57 370.95 Td (A) Tj ET Q q 0 0 0 rg BT 285.68 370.95 Td ( common shares, basic weighted average shares outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.95 Td ( Class ) Tj ET Q q 0 0 0 rg BT 85.57 358.95 Td (A) Tj ET Q q 0 0 0 rg BT 91.69 358.95 Td ( or book value per share. However) Tj ET Q q 0 0 0 rg BT 243.99 358.95 Td (, we believe the adjustments to the shares and equity are significant to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.95 Td (gaining an understanding of our overall results of operations and financial condition.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.95 Td (Adjusted debt to capital ratio is a non-GAAP) Tj ET Q q 0 0 0 rg BT 244.93 322.95 Td ( measure used to evaluate our financial condition excluding the impacts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.95 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 310.95 Td (AOCI and funds withheld and modco reinsurance unrealized gains and losses, net of DAC, DSI, rider reserve ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.95 Td (and tax of) Tj ET Q q 0 0 0 rg BT 93.74 298.95 Td (fsets. ) Tj ET Q q 0 0 0 rg BT 119.86 298.95 Td (Adjusted debt to capital ratio is calculated as total debt excluding consolidated VIEs divided by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.95 Td (adjusted shareholders) Tj ET Q q 0 0 0 rg BT 150.25 286.95 Td ( equity) Tj ET Q q 0 0 0 rg BT 178.97 286.95 Td (. ) Tj ET Q q 0 0 0 rg BT 183.97 286.95 Td (Adjusted debt to capital ratio should not be used as a substitute for the debt to capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.95 Td (ratio. However) Tj ET Q q 0 0 0 rg BT 113.92 274.95 Td (, we believe the adjustments to shareholders) Tj ET Q q 0 0 0 rg BT 313.66 274.95 Td ( equity are significant to gaining an understanding of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.95 Td (our overall results of operations and financial condition.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.95 Td (Investment margin is a key measurement of the financial health of our Retirement Services core deferred annuities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.95 Td (Investment margin on our deferred annuities is generated from the excess of our net investment earned rate over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.95 Td (the cost of crediting to our policyholders. Net investment earned rate is a key measure of investment returns and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.95 Td (cost of crediting is a key measure of the policyholder benefits on our deferred annuities. ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 439.66 210.23 9.35 -9.38 re f /GS0 gs q 0 0 0 rg BT 439.66 202.95 Td (W) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.92 202.95 Td (e believe measures like ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.95 Td (net investment earned rate, cost of crediting and investment margin on deferred annuities are ef) Tj ET Q q 0 0 0 rg BT 473.39 190.95 Td (fective in analyzing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.95 Td (the trends of our core business operations, profitability and pricing discipline. While we believe net investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.95 Td (earned rate, cost of crediting and investment margin on deferred annuities are meaningful financial metrics and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.95 Td (enhance our understanding of the underlying profitability drivers of our business, they should not be used as a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.95 Td (substitute for net investment income and interest sensitive contract benefits presented under GAAP) Tj ET Q q 0 0 0 rg BT 487.84 142.95 Td (.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.00 120.15 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 120.15 Td (Net investment earned rate is a non-GAAP) Tj ET Q q 0 0 0 rg BT 275.36 120.15 Td ( measure we use to evaluate the performance of our invested ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 108.15 Td (assets that does not correspond to GAAP) Tj ET Q q 0 0 0 rg BT 269.81 108.15 Td ( net investment income. Net investment earned rate is computed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 96.15 Td (as the income from our invested assets divided by the average invested assets for the relevant period. ) Tj ET Q q 0 0 0 rg BT 540.51 96.15 Td (T) Tj ET Q q 0 0 0 rg BT 545.51 96.15 Td (o ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 84.15 Td (enhance the ability to analyze these measures across periods, interim periods are annualized. ) Tj ET Q q 0 0 0 rg BT 504.39 84.15 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 72.15 Td (adjustments to arrive at our net investment earned rate add alternative investment gains and losses, gains ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 60.15 Td (and losses related to trading securities for CLOs, net VIE impacts \(revenues, expenses and noncontrolling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 48.15 Td (interest\) and the change in reinsurance embedded derivatives. W) Tj ET Q q 0 0 0 rg BT 374.87 48.15 Td (e include the income and assets ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.95 22.65 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 741.75 Td (supporting our assumed reinsurance by evaluating the underlying investments of the funds withheld at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 729.75 Td (interest receivables and we include the net investment income from those underlying investments which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 717.75 Td (does not correspond to the GAAP) Tj ET Q q 0 0 0 rg BT 235.36 717.75 Td ( presentation of reinsurance embedded derivatives. W) Tj ET Q q 0 0 0 rg BT 474.75 717.75 Td (e exclude the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 705.75 Td (income and assets supporting business that we have exited through ceded reinsurance including funds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 693.75 Td (withheld agreements. W) Tj ET Q q 0 0 0 rg BT 193.09 693.75 Td (e believe the adjustments for reinsurance provide a net investment earned rate on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 681.75 Td (the assets for which we have economic exposure.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.00 669.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 669.75 Td (Cost of crediting is the interest credited to the policyholders on our fixed strategies as well as the option ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 657.75 Td (costs on the indexed annuity strategies. With respect to FIAs, the cost of providing index credits includes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 645.75 Td (the expenses incurred to fund the annual index credits, and where applicable, minimum guaranteed interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 633.75 Td (credited. ) Tj ET Q q 0 0 0 rg BT 126.95 633.75 Td (The interest credited on fixed strategies and option costs on indexed annuity strategies are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 621.75 Td (divided by the average account value of our deferred annuities. Our average account values are averaged ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 609.75 Td (over the number of quarters in the relevant period to obtain our cost of crediting for such period. ) Tj ET Q q 0 0 0 rg BT 511.06 609.75 Td (T) Tj ET Q q 0 0 0 rg BT 516.06 609.75 Td (o ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 597.75 Td (enhance the ability to analyze these measures across periods, interim periods are annualized. ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 86.00 586.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 574.95 Td (I) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 52.78 574.95 Td (n managing our business we analyze invested assets, which do not correspond to total investments, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.95 Td (investments in related parties, as disclosed in our consolidated financial statements and notes thereto. Invested ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.95 Td (assets represent the investments that directly back our policyholder liabilities as well as surplus assets. Invested ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.95 Td (assets is used in the computation of net investment earned rate, which allows us to analyze the profitability of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.95 Td (investment portfolio. Invested assets includes \(a\) total investments on the consolidated balance sheets with ) Tj ET Q q 0 0 0 rg BT 526.38 526.95 Td (AFS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.95 Td (securities at cost or amortized cost, excluding derivatives, \(b\) cash and cash equivalents and restricted cash, \(c\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.95 Td (investments in related parties, \(d\) accrued investment income, \(e\) the consolidated VIE assets, liabilities and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.95 Td (noncontrolling interest, \(f\) net investment payables and receivables and \(g\) policy loans ceded \(which of) Tj ET Q q 0 0 0 rg BT 508.40 490.95 Td (fset the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.95 Td (direct policy loans in total investments\). Invested assets also excludes assets associated with funds withheld ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.95 Td (liabilities related to business exited through reinsurance agreements and derivative collateral \(of) Tj ET Q q 0 0 0 rg BT 473.39 466.95 Td (fsetting the related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.95 Td (cash positions\). W) Tj ET Q q 0 0 0 rg BT 131.51 454.95 Td (e include the underlying investments supporting our assumed funds withheld and modco ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.95 Td (agreements in our invested assets calculation in order to match the assets with the income received. W) Tj ET Q q 0 0 0 rg BT 506.15 442.95 Td (e believe ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.95 Td (the adjustments for reinsurance provide a view of the assets for which we have economic exposure. Our invested ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.95 Td (assets are averaged over the number of quarters in the relevant period to compute our net investment earned rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.95 Td (for such period.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 384.15 Td (Sales statistics do not correspond to revenues under GAAP) Tj ET Q q 0 0 0 rg BT 312.19 384.15 Td (, but are used as relevant measures to understand our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 372.15 Td (business performance as it relates to deposits generated during a specific period of time. Our sales statistics ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 360.15 Td (include deposits for fixed rate annuities and FIAs and align with the LIMRA) Tj ET Q q 0 0 0 rg BT 379.08 360.15 Td ( definition of all money paid into an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 348.15 Td (individual annuity) Tj ET Q q 0 0 0 rg BT 125.98 348.15 Td (, including money paid into new contracts with initial purchase occurring in the specified period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 336.15 Td (and existing contracts with initial purchase occurring prior to the specified period \(excluding internal transfers\).) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.95 22.65 Td (9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 741.75 Td (Safe Harbor for Forward-Looking Statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 717.75 Td (This press release contains, and certain oral statements made by our representatives from time to time may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 705.75 Td (contain, forward-looking statements within the meaning of the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 483.00 705.75 Td (Act of 1995, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 693.75 Td (Section 27A) Tj ET Q q 0 0 0 rg BT 103.37 693.75 Td ( of the Securities ) Tj ET Q q 0 0 0 rg BT 180.08 693.75 Td (Act of 1933, as amended, and Section 21E of the Securities Exercise ) Tj ET Q q 0 0 0 rg BT 488.05 693.75 Td (Act of 1934, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 681.75 Td (amended. Such statements are subject to risks and uncertainties that could cause actual results, events and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 669.75 Td (developments to dif) Tj ET Q q 0 0 0 rg BT 136.54 669.75 Td (fer materially from those set forth in, or implied by) Tj ET Q q 0 0 0 rg BT 354.77 669.75 Td (, such statements. ) Tj ET Q q 0 0 0 rg BT 438.51 669.75 Td (These statements are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 657.75 Td (based on the beliefs and assumptions of ) Tj ET Q q 0 0 0 rg BT 231.24 657.75 Td (AHL) Tj ET Q q 0 0 0 rg BT 250.14 657.75 Td () Tj ET Q q 0 0 0 rg BT 252.18 657.75 Td (s management and the management of ) Tj ET Q q 0 0 0 rg BT 428.96 657.75 Td (AHL) Tj ET Q q 0 0 0 rg BT 447.86 657.75 Td () Tj ET Q q 0 0 0 rg BT 449.90 657.75 Td (s subsidiaries. Generally) Tj ET Q q 0 0 0 rg BT 558.10 657.75 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 645.75 Td (forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 633.75 Td (use of the words believes, expects, intends, anticipates, plans, seeks, estimates, projects, may) Tj ET Q q 0 0 0 rg BT 524.41 633.75 Td (, will, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 621.75 Td (could, might, or continues or similar expressions. Factors that could cause actual results, events and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 609.75 Td (developments to dif) Tj ET Q q 0 0 0 rg BT 136.54 609.75 Td (fer include, without limitation: the accuracy of our assumptions and estimates; our ability to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 597.75 Td (maintain or improve financial strength ratings; our ability to manage our business in a highly regulated industry; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 585.75 Td (regulatory changes or actions; the impact of our reinsurers failing to meet their assumed obligations; the impact of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 573.75 Td (interest rate fluctuations; changes in the federal income tax laws and regulations; the implementation and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 561.75 Td (accuracy of our interpretation of the ) Tj ET Q q 0 0 0 rg BT 209.91 561.75 Td (T) Tj ET Q q 0 0 0 rg BT 214.91 561.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 227.70 561.75 Td (Act, which was enacted on December 22, 2017 and made key changes to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 549.75 Td (the U.S. tax law; litigation \(including class action litigation\), enforcement investigations or regulatory scrutiny; the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 537.75 Td (performance of third parties; the loss of key personnel; telecommunication, information technology and other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 525.75 Td (operational systems failures; the continued availability of capital; new accounting rules or changes to existing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 513.75 Td (accounting rules; general economic conditions; our ability to protect our intellectual property; the ability to maintain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 501.75 Td (or obtain approval of the Delaware Department of Insurance, the Iowa Insurance Division and other regulatory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 489.75 Td (authorities as required for our operations; and other factors discussed from time to time in ) Tj ET Q q 0 0 0 rg BT 447.97 489.75 Td (AHL) Tj ET Q q 0 0 0 rg BT 466.88 489.75 Td () Tj ET Q q 0 0 0 rg BT 468.92 489.75 Td (s filings with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 477.75 Td (SEC, including our annual report on Form 10-K for the year ended December 31, 2017, and our quarterly report on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 465.75 Td (Form 10-Q for the three months ended March 31, 2018, which can be found at the SEC) Tj ET Q q 0 0 0 rg BT 438.37 465.75 Td (s website www) Tj ET Q q 0 0 0 rg BT 503.95 465.75 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 540.44 465.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 443.75 Td (All forward-looking statements described herein are qualified by these cautionary statements and there can be no ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 431.75 Td (assurance that the actual results, events or developments referenced herein will occur or be realized. W) Tj ET Q q 0 0 0 rg BT 508.94 431.75 Td (e do not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 419.75 Td (undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 407.75 Td (occurrence of unanticipated events or changes to future operating results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.85 383.75 Td (# # #) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 22.65 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 741.75 Td (Athene Holding Ltd.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 729.75 Td (Condensed Consolidated Balance Sheets ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 237.91 729.75 Td (\(unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 693.25 368.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 693.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 693.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 693.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 667.25 368.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 667.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 667.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 667.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 641.25 368.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 641.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 641.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 641.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 615.25 368.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 615.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 615.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 615.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 589.25 368.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 589.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 589.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 589.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 563.25 368.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 563.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 563.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 563.25 70.00 -13.00 re f /GS0 gs 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0.9333333333333333 1 rg /GS0 gs 418.50 459.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 459.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 459.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 433.25 368.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 433.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 433.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 433.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 407.25 368.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 407.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 407.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 407.25 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 381.25 368.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 381.25 70.00 -13.00 re f /GS0 gs 0.8 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515.65 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 515.65 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.00 501.65 Td (T) Tj ET Q q 0 0 0 rg BT 70.16 501.65 Td (otal liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.45 501.65 Td (106,250) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.45 501.65 Td (90,539) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 487.65 Td (Equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 473.65 Td (Common stock) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.00 473.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 473.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 459.65 Td (Additional paid-in capital) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 459.65 Td (3,492) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 459.65 Td (3,472) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 445.65 Td (Retained earnings) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 445.65 Td (4,887) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 445.65 Td (4,321) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 431.65 Td (Accumulated other comprehensive income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 431.65 Td (126) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 431.65 Td (1,415) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.00 417.65 Td (T) Tj ET Q q 0 0 0 rg BT 69.83 417.65 Td (otal shareholders' equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 417.65 Td (8,505) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 417.65 Td (9,208) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 403.65 Td (T) Tj ET Q q 0 0 0 rg BT 57.83 403.65 Td (otal liabilities and equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 403.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.45 403.65 Td (1) Tj ET Q q 0 0 0 rg BT 457.46 403.65 Td (14,755) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 403.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.45 403.65 Td (99,747) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 507.50 387.75 Td (\(Concluded\)) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 22.65 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 741.75 Td (Athene Holding Ltd.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 729.75 Td (Condensed Consolidated Statements of Income ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 265.13 729.75 Td (\(unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 682.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 682.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 682.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 682.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 654.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 654.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 654.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 654.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 626.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 626.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 626.25 4.00 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 514.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 514.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 514.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 514.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 486.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 486.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 486.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 486.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 458.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 458.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 458.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 458.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 430.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 430.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 430.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 402.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 402.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 402.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 402.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 374.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 374.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 374.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 374.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 346.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 346.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 346.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 346.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 696.25 m 488.5 696.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 696.25 m 492.5 696.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 696.25 m 562.5 696.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 682.25 m 488.5 682.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 682.25 m 562.5 682.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 570.25 m 488.5 570.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 570.25 m 562.5 570.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 570.25 m 488.5 570.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 570.25 m 562.5 570.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 500.25 m 488.5 500.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 500.25 m 562.5 500.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 500.25 m 488.5 500.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 486.25 m 488.5 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 500.25 m 562.5 500.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 486.25 m 562.5 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 374.25 m 488.5 374.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 360.25 m 488.5 360.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 374.25 m 562.5 374.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 360.25 m 562.5 360.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 360.25 m 562.5 360.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 332.25 m 488.5 332.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 332.25 m 562.5 332.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 332.25 m 488.5 332.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 319.25 m 488.5 319.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 317.25 m 488.5 317.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 332.25 m 562.5 332.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 319.25 m 562.5 319.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 317.25 m 562.5 317.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.95 700.65 Td (Three months ended June30,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 686.65 Td (\(In millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.95 686.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 686.65 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 672.65 Td (Revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 658.65 Td (Premiums) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 658.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 658.65 Td (726) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 658.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 658.65 Td (379) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 644.65 Td (Product charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 644.65 Td (106) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 644.65 Td (85) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 630.65 Td (Net investment income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 630.65 Td (958) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 630.65 Td (821) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 616.65 Td (Investment related gains \(losses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.95 616.65 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.00 616.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 616.65 Td (460) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 602.65 Td (OTTI investment losses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 588.65 Td (OTTI losses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.00 588.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.95 588.65 Td (\(12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 588.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 574.65 Td (OTTI losses \(gains\) recognized in OCI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.00 574.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 574.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 560.65 Td (Net OTTI losses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.00 560.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.95 560.65 Td (\(1) Tj ET Q q 0 0 0 rg BT 553.95 560.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 560.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 546.65 Td (Other revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 546.65 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 546.65 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 532.65 Td (Revenues of consolidated variable interest entities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 518.65 Td (Net investment income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.95 518.65 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 518.65 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 504.65 Td (Investment related gains \(losses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.95 504.65 Td (\(1) Tj ET Q q 0 0 0 rg BT 479.95 504.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.00 504.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 504.65 Td (1) Tj ET Q q 0 0 0 rg BT 553.96 504.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 490.65 Td (T) Tj ET Q q 0 0 0 rg BT 76.00 490.65 Td (otal revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 490.65 Td (1,797) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 490.65 Td (1,763) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 476.65 Td (Benefits and Expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 462.65 Td (Interest sensitive contract benefits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 462.65 Td (332) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 462.65 Td (553) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 448.65 Td (Amortization of DSI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.95 448.65 Td (23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 448.65 Td (1) Tj ET Q q 0 0 0 rg BT 553.96 448.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 434.65 Td (Future policy and other policy benefits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 434.65 Td (857) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 434.65 Td (578) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 420.65 Td (Amortization of DAC and VOBA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.95 420.65 Td (92) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 420.65 Td (67) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 406.65 Td (Dividends to policyholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 406.65 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 406.65 Td (49) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 392.65 Td (Policy and other operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 392.65 Td (153) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 392.65 Td (168) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 378.65 Td (Operating expenses of consolidated variable interest entities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 378.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 378.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 364.65 Td (T) Tj ET Q q 0 0 0 rg BT 75.50 364.65 Td (otal benefits and expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 364.65 Td (1,467) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 364.65 Td (1,426) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 350.65 Td (Income before income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 350.65 Td (330) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 350.65 Td (337) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 336.65 Td (Income tax expense \(benefit\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.95 336.65 Td (66) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 336.65 Td (1) Tj ET Q q 0 0 0 rg BT 553.96 336.65 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 322.65 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 322.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 322.65 Td (264) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 322.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 322.65 Td (326) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 22.65 Td (13) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 741.75 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 101.48 741.75 Td ( Measure Reconciliations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 717.75 Td (The reconciliation of net income to adjusted operating income excluding notable items is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 658.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 658.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 658.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 658.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 630.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 630.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 630.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 630.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 602.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 602.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 602.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 602.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 574.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 574.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 574.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 546.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 546.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 546.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 546.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 518.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 518.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 518.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 490.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 490.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 490.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 490.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 672.25 m 486.5 672.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 672.25 m 490.5 672.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 672.25 m 560.5 672.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 658.25 m 486.5 658.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 658.25 m 560.5 658.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 658.25 m 486.5 658.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 658.25 m 560.5 658.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 630.25 m 486.5 630.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 630.25 m 560.5 630.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 630.25 m 486.5 630.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 630.25 m 560.5 630.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 602.25 m 486.5 602.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 589.25 m 486.5 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 587.25 m 486.5 587.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 602.25 m 560.5 602.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 589.25 m 560.5 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 587.25 m 560.5 587.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 560.25 m 486.5 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 560.25 m 560.5 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 532.25 m 486.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 518.25 m 486.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 532.25 m 560.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 518.25 m 560.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 490.25 m 486.5 490.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 477.25 m 486.5 477.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 475.25 m 486.5 475.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 490.25 m 560.5 490.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 477.25 m 560.5 477.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 475.25 m 560.5 475.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.95 676.65 Td (Three months ended June30,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 662.65 Td (\(In millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.95 662.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.95 662.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 648.65 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 648.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.95 648.65 Td (264) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 648.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.95 648.65 Td (326) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 634.65 Td (Less: ) Tj ET Q q 0 0 0 rg BT 76.93 634.65 Td (T) Tj ET Q q 0 0 0 rg BT 81.85 634.65 Td (otal non-operating adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 634.65 Td (\(26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 634.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.95 634.65 Td (46) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 620.65 Td (Adjusted operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.95 620.65 Td (290) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.95 620.65 Td (280) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 606.65 Td (Notable Items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 606.65 Td (\(1) Tj ET Q q 0 0 0 rg BT 477.95 606.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 606.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 606.65 Td (\(41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.00 606.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 592.65 Td (Adjusted operating income excluding notable items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 592.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.95 592.65 Td (279) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 592.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.95 592.65 Td (239) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 564.65 Td (Retirement Services adjusted operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 564.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.95 564.65 Td (289) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 564.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.95 564.65 Td (267) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 550.65 Td (Rider reserve and DAC equity market performance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 550.65 Td (\(13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 550.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 550.65 Td (\(44) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.00 550.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 536.65 Td (T) Tj ET Q q 0 0 0 rg BT 64.00 536.65 Td (ax impact of notable items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.95 536.65 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 536.65 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 522.65 Td (Retirement Services notable items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 522.65 Td (\(1) Tj ET Q q 0 0 0 rg BT 477.95 522.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 522.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 522.65 Td (\(41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.00 522.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 508.65 Td (Retirement Services adjusted operating income excluding notable items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.95 508.65 Td (278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.95 508.65 Td (226) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 494.65 Td (Corporate and Other adjusted operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.95 494.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.95 494.65 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 480.65 Td (Adjusted operating income excluding notable items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 480.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.95 480.65 Td (279) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 480.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.95 480.65 Td (239) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 452.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 440.75 Td (The reconciliation of basic earnings per Class ) Tj ET Q q 0 0 0 rg BT 253.99 440.75 Td (A) Tj ET Q q 0 0 0 rg BT 260.11 440.75 Td ( common share to adjusted operating earnings per share is as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 428.75 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 369.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 369.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 369.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 369.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 341.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 341.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 341.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 341.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 313.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 313.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 313.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 285.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 285.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 285.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 285.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 257.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 257.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 257.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 257.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 383.25 m 486.5 383.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 383.25 m 490.5 383.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 383.25 m 560.5 383.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 383.25 m 486.5 383.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 369.25 m 486.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 383.25 m 490.5 383.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 383.25 m 560.5 383.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 369.25 m 560.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 369.25 m 486.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 369.25 m 560.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 271.25 m 486.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 271.25 m 560.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 243.25 m 486.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 243.25 m 560.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 230.25 m 486.5 230.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 228.25 m 486.5 228.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 230.25 m 560.5 230.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 228.25 m 560.5 228.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 396.65 Td (Three Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.45 387.65 Td (June30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.95 373.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.95 373.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 359.65 Td (Basic earnings per share Class ) Tj ET Q q 0 0 0 rg BT 187.32 359.65 Td (A) Tj ET Q q 0 0 0 rg BT 192.82 359.65 Td ( common shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 359.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 359.65 Td (1.34) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 359.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.45 359.65 Td (1.66) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 345.65 Td (Non-operating adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 331.65 Td (Investment gains \(losses\), net of of) Tj ET Q q 0 0 0 rg BT 198.48 331.65 Td (fsets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 331.65 Td (\(0.38) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 331.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.45 331.65 Td (0.29) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 317.65 Td (Change in fair values of derivatives and embedded derivatives FIAs, net of of) Tj ET Q q 0 0 0 rg BT 373.10 317.65 Td (fsets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 317.65 Td (0.39) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.45 317.65 Td (0.08) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 303.65 Td (Integration, restructuring and other non-operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 303.65 Td (\(0.05) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 303.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 303.65 Td (\(0.06) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.00 303.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 289.65 Td (Stock compensation expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 289.65 Td (\(0.02) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 289.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 289.65 Td (\(0.07) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.00 289.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 275.65 Td (Income tax \(expense\) benefit non-operating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 275.65 Td (\(0.09) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 275.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 275.65 Td (\(0.02) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.00 275.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 261.65 Td (Less: ) Tj ET Q q 0 0 0 rg BT 76.93 261.65 Td (T) Tj ET Q q 0 0 0 rg BT 81.85 261.65 Td (otal non-operating adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 261.65 Td (\(0.15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 261.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.45 261.65 Td (0.22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 247.65 Td (Less: Ef) Tj ET Q q 0 0 0 rg BT 85.43 247.65 Td (fect of items convertible to or settled in Class ) Tj ET Q q 0 0 0 rg BT 266.18 247.65 Td (A) Tj ET Q q 0 0 0 rg BT 271.69 247.65 Td ( common shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 247.65 Td (0.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.45 247.65 Td (0.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 233.65 Td (Adjusted operating earnings per share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 233.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 233.65 Td (1.48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 233.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.45 233.65 Td (1.43) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 193.75 Td (The reconciliation of basic weighted average Class ) Tj ET Q q 0 0 0 rg BT 277.35 193.75 Td (A) Tj ET Q q 0 0 0 rg BT 283.47 193.75 Td ( shares to weighted average shares outstanding adjusted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 181.75 Td (operating, is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 133.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 133.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 133.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 133.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 105.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 105.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 105.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 105.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 77.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 77.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 77.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 77.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 148.25 m 488.5 148.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 148.25 m 492.5 148.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 148.25 m 562.5 148.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 148.25 m 488.5 148.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 133.25 m 488.5 133.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 148.25 m 492.5 148.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 148.25 m 562.5 148.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 133.25 m 562.5 133.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 133.25 m 488.5 133.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 133.25 m 562.5 133.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 77.25 m 488.5 77.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 77.25 m 562.5 77.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 77.25 m 488.5 77.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 64.25 m 488.5 64.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 62.25 m 488.5 62.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 77.25 m 562.5 77.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 64.25 m 562.5 64.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 62.25 m 562.5 62.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.95 161.65 Td (Three Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.45 152.65 Td (June30,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 137.65 Td (\(In millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.95 137.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 137.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 123.95 Td (Basic weighted average shares outstanding Class ) Tj ET Q q 0 0 0 rg BT 261.63 123.95 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 123.65 Td (164.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 123.65 Td (106.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 109.65 Td (Conversion of Class B shares to Class ) Tj ET Q q 0 0 0 rg BT 208.81 109.65 Td (A) Tj ET Q q 0 0 0 rg BT 214.32 109.65 Td ( shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.45 109.65 Td (25.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.45 109.65 Td (82.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 95.65 Td (Conversion of Class M shares to Class ) Tj ET Q q 0 0 0 rg BT 210.31 95.65 Td (A) Tj ET Q q 0 0 0 rg BT 215.81 95.65 Td ( shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.45 95.65 Td (4.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.45 95.65 Td (6.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 81.65 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.34 81.65 Td (fect of other stock compensation plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.45 81.65 Td (0.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.45 81.65 Td (0.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 67.65 Td (W) Tj ET Q q 0 0 0 rg BT 61.33 67.65 Td (eighted average shares outstanding adjusted operating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 67.65 Td (195.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 67.65 Td (195.9) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 22.65 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 741.75 Td (The reconciliation of shareholders) Tj ET Q q 0 0 0 rg BT 201.93 741.75 Td ( equity to adjusted shareholders) Tj ET Q q 0 0 0 rg BT 345.54 741.75 Td ( equity included in adjusted book value per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 729.75 Td (share, adjusted debt to capital ratio, adjusted ROE and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.71 729.75 Td (adjusted operating ROE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.44 729.75 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 691.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 691.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 691.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 691.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 663.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 663.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 663.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 663.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 631.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 631.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 631.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 631.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 603.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 603.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 603.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 705.25 m 488.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 705.25 m 492.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 705.25 m 562.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 705.25 m 488.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 691.25 m 488.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 705.25 m 492.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 705.25 m 562.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 691.25 m 562.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 691.25 m 488.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 691.25 m 562.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 649.25 m 488.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 649.25 m 562.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 649.25 m 488.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 636.25 m 488.5 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 634.25 m 488.5 634.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 649.25 m 562.5 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 636.25 m 562.5 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 634.25 m 562.5 634.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 603.25 m 488.5 603.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 603.25 m 562.5 603.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 603.25 m 488.5 603.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 590.25 m 488.5 590.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 588.25 m 488.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 603.25 m 562.5 603.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 590.25 m 562.5 590.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 588.25 m 562.5 588.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.70 709.65 Td (June30,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 695.65 Td (\(In millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.95 695.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 695.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 681.65 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 681.65 Td (otal shareholders' equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 681.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 681.65 Td (8,505) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 681.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 681.65 Td (8,284) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 667.65 Td (Less: ) Tj ET Q q 0 0 0 rg BT 76.76 667.65 Td (AOCI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 667.65 Td (126) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 667.65 Td (1,060) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 653.65 Td (Less: ) Tj ET Q q 0 0 0 rg BT 76.76 653.65 Td (Accumulated reinsurance unrealized gains and losses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.95 653.65 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 653.65 Td (152) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 639.65 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 639.65 Td (otal adjusted shareholders' equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 639.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 639.65 Td (8,367) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 639.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 639.65 Td (7,072) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 621.65 Td (Retirement Services) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 621.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 621.65 Td (6,1) Tj ET Q q 0 0 0 rg BT 474.96 621.65 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 621.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 621.65 Td (5,013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 607.65 Td (Corporate and Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 607.65 Td (2,253) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 607.65 Td (2,059) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 593.65 Td (T) Tj ET Q q 0 0 0 rg BT 57.50 593.65 Td (otal adjusted shareholders' equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 593.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 593.65 Td (8,367) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 593.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 593.65 Td (7,072) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 565.75 Td (The reconciliation of net income to adjusted net income included in adjusted ROE is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 518.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 518.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 518.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 490.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 490.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 490.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 490.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 532.25 m 488.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 532.25 m 492.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 532.25 m 562.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 532.25 m 488.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 518.25 m 488.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 532.25 m 492.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 532.25 m 562.5 532.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 518.25 m 562.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 518.25 m 488.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 518.25 m 562.5 518.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 490.25 m 488.5 490.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 490.25 m 562.5 490.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 490.25 m 488.5 490.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 477.25 m 488.5 477.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 475.25 m 488.5 475.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 490.25 m 562.5 490.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 477.25 m 562.5 477.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 475.25 m 562.5 475.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.95 545.65 Td (Three Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.45 536.65 Td (June30,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 522.65 Td (\(In millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.95 522.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 522.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 508.65 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 508.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 508.65 Td (264) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 508.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 508.65 Td (326) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 494.65 Td (Reinsurance unrealized gains and losses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.95 494.65 Td (95) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.95 494.65 Td (\(45) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 494.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 480.65 Td (Adjusted net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 480.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 480.65 Td (359) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 480.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 480.65 Td (281) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 452.75 Td (The reconciliation of basic Class ) Tj ET Q q 0 0 0 rg BT 195.63 452.75 Td (A) Tj ET Q q 0 0 0 rg BT 201.74 452.75 Td ( shares outstanding to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.92 452.75 Td (adjusted operating common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.61 452.75 Td ( is as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 440.75 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 402.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 402.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 402.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 402.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 374.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 374.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 374.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 374.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 346.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 346.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 346.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 346.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 416.25 m 486.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 416.25 m 490.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 416.25 m 560.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 416.25 m 486.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 402.25 m 486.5 402.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 416.25 m 490.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 416.25 m 560.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 402.25 m 560.5 402.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 402.25 m 486.5 402.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 402.25 m 560.5 402.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 346.25 m 560.5 346.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 346.25 m 486.5 346.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 333.25 m 486.5 333.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 331.25 m 486.5 331.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 346.25 m 560.5 346.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 333.25 m 560.5 333.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 331.25 m 560.5 331.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.70 420.65 Td (June30,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 406.65 Td (\(In millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.95 406.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.95 406.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 392.95 Td (Class ) Tj ET Q q 0 0 0 rg BT 77.51 392.95 Td (A) Tj ET Q q 0 0 0 rg BT 83.01 392.95 Td ( common shares outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.45 392.65 Td (164.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.45 392.65 Td (1) Tj ET Q q 0 0 0 rg BT 539.46 392.65 Td (19.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 378.65 Td (Conversion of Class B shares to Class ) Tj ET Q q 0 0 0 rg BT 208.81 378.65 Td (A) Tj ET Q q 0 0 0 rg BT 214.32 378.65 Td ( shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 378.65 Td (25.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.45 378.65 Td (70.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 364.65 Td (Conversion of Class M shares to Class ) Tj ET Q q 0 0 0 rg BT 210.31 364.65 Td (A) Tj ET Q q 0 0 0 rg BT 215.81 364.65 Td ( shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.45 364.65 Td (5.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.45 364.65 Td (6.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 350.65 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.42 350.65 Td (fect of other stock compensation plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.45 350.65 Td (1.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.45 350.65 Td (0.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 336.65 Td (Adjusted operating common shares outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.45 336.65 Td (196.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.45 336.65 Td (196.7) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 308.75 Td (The reconciliation of book value per share to adjusted book value per share is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 270.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 270.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 270.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 270.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 242.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 242.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 242.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 242.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 214.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 214.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 214.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 284.25 m 488.5 284.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 284.25 m 492.5 284.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 284.25 m 562.5 284.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 284.25 m 488.5 284.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 270.25 m 488.5 270.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 284.25 m 492.5 284.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 284.25 m 562.5 284.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 270.25 m 562.5 270.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 270.25 m 488.5 270.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 270.25 m 562.5 270.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 214.25 m 488.5 214.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 214.25 m 562.5 214.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 214.25 m 488.5 214.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 201.25 m 488.5 201.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 199.25 m 488.5 199.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 214.25 m 562.5 214.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 201.25 m 562.5 201.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 199.25 m 562.5 199.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.70 288.65 Td (June30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.95 274.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 274.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 260.95 Td (Book value per share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 260.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 260.65 Td (43.10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 260.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 260.65 Td (42.20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 246.65 Td (AOCI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.45 246.65 Td (\(0.64) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.00 246.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.45 246.65 Td (\(5.40) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 246.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 232.65 Td (Accumulated reinsurance unrealized gains and losses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.45 232.65 Td (\(0.06) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.00 232.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.45 232.65 Td (\(0.77) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 232.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 218.65 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.42 218.65 Td (fect of items convertible to or settled in Class ) Tj ET Q q 0 0 0 rg BT 242.17 218.65 Td (A) Tj ET Q q 0 0 0 rg BT 247.68 218.65 Td ( common shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.45 218.65 Td (0.20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.45 218.65 Td (\(0.08) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 218.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 204.65 Td (Adjusted book value per share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 204.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 204.65 Td (42.60) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 204.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 204.65 Td (35.95) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 22.65 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 741.75 Td (The reconciliation of debt to capital ratio to adjusted debt to capital ratio is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 703.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 703.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 703.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 703.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 675.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 675.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 675.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 675.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 647.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 647.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 647.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 647.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 615.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 615.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 615.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 615.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 587.25 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 587.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 587.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 587.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 717.25 m 486.5 717.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 717.25 m 490.5 717.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 717.25 m 560.5 717.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 717.25 m 486.5 717.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 703.25 m 486.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 717.25 m 490.5 717.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 717.25 m 560.5 717.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 703.25 m 560.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 703.25 m 560.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 675.25 m 486.5 675.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 675.25 m 560.5 675.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 675.25 m 486.5 675.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 675.25 m 560.5 675.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 633.25 m 486.5 633.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 633.25 m 560.5 633.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 633.25 m 486.5 633.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 620.25 m 486.5 620.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 618.25 m 486.5 618.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 633.25 m 560.5 633.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 620.25 m 560.5 620.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 618.25 m 560.5 618.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 573.25 m 486.5 573.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 560.25 m 486.5 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 558.25 m 486.5 558.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 573.25 m 560.5 573.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 560.25 m 560.5 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 558.25 m 560.5 558.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.70 721.65 Td (June30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.95 707.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.95 707.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 693.95 Td (T) Tj ET Q q 0 0 0 rg BT 57.50 693.95 Td (otal debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 693.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.40 693.65 Td (1,174) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 693.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 693.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 679.65 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 679.65 Td (otal shareholders' equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.40 679.65 Td (8,505) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.40 679.65 Td (8,284) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 665.65 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 665.65 Td (otal capitalization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.40 665.65 Td (9,679) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.40 665.65 Td (8,284) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 651.65 Td (Less: ) Tj ET Q q 0 0 0 rg BT 76.76 651.65 Td (AOCI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.90 651.65 Td (126) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.40 651.65 Td (1,060) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 637.65 Td (Less: ) Tj ET Q q 0 0 0 rg BT 76.76 637.65 Td (Accumulated reinsurance unrealized gains and losses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.90 637.65 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.90 637.65 Td (152) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 623.65 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 623.65 Td (otal adjusted capitalization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 623.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.40 623.65 Td (9,541) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 623.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.40 623.65 Td (7,072) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 605.65 Td (Debt to capital ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.40 605.65 Td (12.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.95 605.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 605.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 605.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 591.65 Td (AOCI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.40 591.65 Td (0.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.95 591.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 591.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 591.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 577.65 Td (Accumulated reinsurance unrealized gains and losses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.95 577.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.95 577.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 577.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 577.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 563.65 Td (Adjusted debt to capital ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.40 563.65 Td (12.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.95 563.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.95 563.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 563.65 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.75 Td (The reconciliation of net investment income to net investment earnings and earned rate is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 483.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 483.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 483.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 483.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 483.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 483.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 483.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 483.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 455.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 455.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 455.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 455.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 455.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 455.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 455.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 455.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 427.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 427.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 427.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 427.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 427.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 427.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 427.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 427.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 399.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 399.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 399.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 399.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 399.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 399.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 399.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 399.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 367.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 367.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 367.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 367.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 367.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 367.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 367.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 367.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 335.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 335.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 335.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 335.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 335.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 335.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 335.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 335.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 307.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 307.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 307.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 307.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 307.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 307.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 307.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 307.25 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 511.25 m 400.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 511.25 m 404.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 511.25 m 454.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 511.25 m 458.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 511.25 m 508.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 511.25 m 512.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 511.25 m 562.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 511.25 m 400.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 497.25 m 400.5 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 511.25 m 404.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 497.25 m 404.5 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 511.25 m 454.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 497.25 m 454.5 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 511.25 m 458.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 511.25 m 508.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 497.25 m 508.5 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 511.25 m 512.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 497.25 m 512.5 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 511.25 m 562.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 497.25 m 562.5 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 483.25 m 400.5 483.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 469.25 m 400.5 469.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 483.25 m 454.5 483.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 469.25 m 454.5 469.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 483.25 m 508.5 483.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 469.25 m 508.5 469.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 483.25 m 562.5 483.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 469.25 m 562.5 469.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 469.25 m 400.5 469.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 469.25 m 454.5 469.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 469.25 m 508.5 469.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 469.25 m 562.5 469.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 413.25 m 400.5 413.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 413.25 m 454.5 413.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 413.25 m 508.5 413.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 413.25 m 562.5 413.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 413.25 m 400.5 413.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 399.25 m 400.5 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 413.25 m 454.5 413.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 399.25 m 454.5 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 413.25 m 508.5 413.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 399.25 m 508.5 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 413.25 m 562.5 413.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 399.25 m 562.5 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 399.25 m 400.5 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 386.25 m 400.5 386.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 384.25 m 400.5 384.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 399.25 m 454.5 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 386.25 m 454.5 386.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 384.25 m 454.5 384.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 399.25 m 508.5 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 386.25 m 508.5 386.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 384.25 m 508.5 384.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 399.25 m 562.5 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 386.25 m 562.5 386.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 384.25 m 562.5 384.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 353.25 m 400.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 353.25 m 454.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 353.25 m 508.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 353.25 m 562.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 353.25 m 400.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 340.25 m 400.5 340.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 338.25 m 400.5 338.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 353.25 m 454.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 340.25 m 454.5 340.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 338.25 m 454.5 338.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 353.25 m 508.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 340.25 m 508.5 340.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 338.25 m 508.5 338.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 353.25 m 562.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 340.25 m 562.5 340.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 338.25 m 562.5 338.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 307.25 m 400.5 307.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 307.25 m 508.5 307.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 307.25 m 400.5 307.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 294.25 m 400.5 294.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 292.25 m 400.5 292.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 307.25 m 508.5 307.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 294.25 m 508.5 294.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 292.25 m 508.5 292.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.95 515.95 Td (Three months ended June30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 501.95 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.95 501.95 Td (2017) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 487.65 Td (\(In millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.20 487.95 Td (Dollar) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.45 487.95 Td (Rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.20 487.95 Td (Dollar) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.45 487.95 Td (Rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 473.65 Td (GAAP) Tj ET Q q 0 0 0 rg BT 77.93 473.65 Td ( net investment income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 473.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.95 473.65 Td (958) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 473.65 Td (4.47) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 473.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 473.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.95 473.65 Td (821) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 473.65 Td (4.38) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 473.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 459.65 Td (Reinsurance embedded derivative impacts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.95 459.65 Td (72) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 459.65 Td (0.34) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 459.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 459.65 Td (52) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 459.65 Td (0.28) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 459.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 445.65 Td (Net VIE earnings) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 445.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.00 445.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 445.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 445.65 Td (21) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 445.65 Td (0.1) Tj ET Q q 0 0 0 rg BT 545.96 445.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 445.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 431.65 Td (Alternative income gain \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 431.65 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 431.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.00 431.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 431.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.95 431.65 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 431.65 Td (0.03) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 431.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 417.65 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 417.65 Td (\(21) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 417.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.45 417.65 Td (\(0.10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 417.65 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.95 417.65 Td (\(15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 417.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.45 417.65 Td (\(0.08) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.00 417.65 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 403.65 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 403.65 Td (otal adjustments to arrive at net investment earnings/earned rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.95 403.65 Td (51) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 403.65 Td (0.24) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 403.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 403.65 Td (64) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 403.65 Td (0.34) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 403.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 389.65 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 389.65 Td (otal net investment earnings/earned rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 389.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.45 389.65 Td (1,009) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 389.65 Td (4.71) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 389.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 389.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.95 389.65 Td (885) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 389.65 Td (4.72) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 389.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 371.65 Td (Retirement Services) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 371.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.95 371.65 Td (983) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 371.65 Td (4.74) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 371.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 371.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.95 371.65 Td (821) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 371.65 Td (4.85) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 371.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 357.65 Td (Corporate and Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.95 357.65 Td (26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 357.65 Td (3.71) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 357.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 357.65 Td (64) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 357.65 Td (3.53) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 357.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 343.65 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 343.65 Td (otal net investment earnings/earned rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 343.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.45 343.65 Td (1,009) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 343.65 Td (4.71) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 343.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 343.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.95 343.65 Td (885) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 343.65 Td (4.72) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 343.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 325.65 Td (Retirement Services average invested assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 325.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.45 325.65 Td (82,879) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 325.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.45 325.65 Td (67,577) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 311.65 Td (Corporate and Other average invested assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.45 311.65 Td (2,848) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.45 311.65 Td (7,345) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 297.65 Td (A) Tj ET Q q 0 0 0 rg BT 58.84 297.65 Td (verage invested assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 297.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.45 297.65 Td (85,727) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 297.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.45 297.65 Td (74,922) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.95 22.65 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 741.75 Td (The reconciliation of interest sensitive contract benefits to Retirement Services' cost of crediting on deferred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 729.75 Td (annuities, and the respective rates, is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 677.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 677.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 677.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 677.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 677.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 677.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 677.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 677.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 649.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 649.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 649.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 649.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 649.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 649.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 649.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 621.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 621.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 621.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 621.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 621.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 621.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 621.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 621.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 593.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 593.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 593.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 593.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 593.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 593.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 593.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 593.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 565.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 565.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 565.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 565.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 565.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 565.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 565.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 537.25 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 537.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 537.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 537.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 537.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 537.25 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 537.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 537.25 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 705.25 m 400.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 705.25 m 404.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 705.25 m 454.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 705.25 m 458.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 705.25 m 508.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 705.25 m 512.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 705.25 m 562.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 705.25 m 400.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 691.25 m 400.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 705.25 m 404.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 691.25 m 404.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 705.25 m 454.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 691.25 m 454.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 705.25 m 458.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 705.25 m 508.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 691.25 m 508.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 705.25 m 512.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 691.25 m 512.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 705.25 m 562.5 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 691.25 m 562.5 691.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 677.25 m 400.5 677.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 677.25 m 454.5 677.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 677.25 m 508.5 677.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 677.25 m 562.5 677.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 677.25 m 400.5 677.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 663.25 m 400.5 663.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 677.25 m 454.5 677.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 663.25 m 454.5 663.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 677.25 m 508.5 677.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 663.25 m 508.5 663.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 677.25 m 562.5 677.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 663.25 m 562.5 663.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 663.25 m 400.5 663.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 663.25 m 454.5 663.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 663.25 m 508.5 663.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 663.25 m 562.5 663.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 551.25 m 400.5 551.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 551.25 m 454.5 551.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 551.25 m 508.5 551.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 551.25 m 562.5 551.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 551.25 m 400.5 551.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 537.25 m 400.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 551.25 m 454.5 551.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 537.25 m 454.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 551.25 m 508.5 551.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 537.25 m 508.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 551.25 m 562.5 551.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 537.25 m 562.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 537.25 m 400.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 524.25 m 400.5 524.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 522.25 m 400.5 522.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 537.25 m 454.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 524.25 m 454.5 524.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 522.25 m 454.5 522.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 537.25 m 508.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 524.25 m 508.5 524.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 522.25 m 508.5 522.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 537.25 m 562.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 524.25 m 562.5 524.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 522.25 m 562.5 522.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 506.25 m 400.5 506.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 504.25 m 400.5 504.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 506.25 m 508.5 506.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 504.25 m 508.5 504.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.95 709.95 Td (Three months ended June30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 695.95 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.95 695.95 Td (2017) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 681.65 Td (\(In millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.20 681.95 Td (Dollar) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.45 681.95 Td (Rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.20 681.95 Td (Dollar) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.45 681.95 Td (Rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 667.65 Td (GAAP) Tj ET Q q 0 0 0 rg BT 77.93 667.65 Td ( interest sensitive contract benefits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 667.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.95 667.65 Td (332) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 667.65 Td (2.00) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 667.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 667.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.95 667.65 Td (553) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 667.65 Td (3.95) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 667.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 653.65 Td (Interest credited other than deferred annuities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 653.65 Td (\(41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 653.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.45 653.65 Td (\(0.25) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 653.65 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.95 653.65 Td (\(42) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 653.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.45 653.65 Td (\(0.30) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.00 653.65 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 639.65 Td (FIA) Tj ET Q q 0 0 0 rg BT 78.75 639.65 Td ( option costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.95 639.65 Td (206) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 639.65 Td (1.25) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 639.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.95 639.65 Td (149) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 639.65 Td (1.07) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 639.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 625.65 Td (Product charges \(strategy fees\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 625.65 Td (\(23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 625.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.45 625.65 Td (\(0.14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 625.65 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.95 625.65 Td (\(17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 625.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.45 625.65 Td (\(0.12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.00 625.65 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 611.65 Td (Reinsurance embedded derivative impacts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 611.65 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 611.65 Td (0.02) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 611.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.95 611.65 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 611.65 Td (0.06) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 611.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 597.65 Td (Change in fair values of embedded derivatives FIAs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 378.95 597.65 Td (\(168) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 597.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.45 597.65 Td (\(1.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 597.65 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 597.65 Td (\(399) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 597.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.45 597.65 Td (\(2.85) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.00 597.65 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 583.65 Td (Negative VOBA) Tj ET Q q 0 0 0 rg BT 127.78 583.65 Td ( amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 583.65 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 583.65 Td (0.04) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 583.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 583.65 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 583.65 Td (0.07) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 583.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 569.65 Td (Unit linked change in reserve) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.00 569.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.00 569.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 569.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.95 569.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 569.65 Td (0.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 569.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 555.65 Td (Other changes in interest sensitive contract liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 555.65 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 555.65 Td (0.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 555.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.00 555.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.00 555.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 555.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 541.65 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 541.65 Td (otal adjustments to arrive at cost of crediting on deferred annuities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 541.65 Td (\(14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 541.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.45 541.65 Td (\(0.08) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 541.65 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 541.65 Td (\(289) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 541.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.45 541.65 Td (\(2.06) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.00 541.65 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 527.65 Td (Retirement Services cost of crediting on deferred annuities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 527.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.95 527.65 Td (318) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.45 527.65 Td (1.92) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.95 527.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 527.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.95 527.65 Td (264) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 527.65 Td (1.89) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 527.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 509.95 Td (A) Tj ET Q q 0 0 0 rg BT 58.84 509.95 Td (verage account value on deferred annuities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 509.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.45 509.95 Td (66,241) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 509.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.45 509.95 Td (56,001) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 481.75 Td (The reconciliation of total investments, including related parties, to invested assets is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 443.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 443.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 443.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 443.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 415.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 415.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 415.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 415.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 387.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 387.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 387.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 387.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 359.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 359.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 359.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 359.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 331.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 331.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 331.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 331.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 303.25 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 303.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 303.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 303.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 457.25 m 488.5 457.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 457.25 m 492.5 457.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 457.25 m 562.5 457.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 443.25 m 488.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 443.25 m 562.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 443.25 m 488.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 429.25 m 488.5 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 443.25 m 562.5 443.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 429.25 m 562.5 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 429.25 m 488.5 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 429.25 m 562.5 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 303.25 m 562.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 303.25 m 488.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 289.25 m 488.5 289.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 303.25 m 562.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 289.25 m 562.5 289.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 276.25 m 488.5 276.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 274.25 m 488.5 274.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 289.25 m 562.5 289.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 276.25 m 562.5 276.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 274.25 m 562.5 274.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.70 461.65 Td (June30,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 447.65 Td (\(In millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.95 447.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 447.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 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